Lenskart, the omnichannel eyewear retailer, has noticed a proclaimed stint in client shopping behaviour, with 90% of gross sales at present coming from the net channel, served by the Covid-19 pandemic. The eyewear retailer plans to open more than 300 new shops as state-wide lockdowns are untroubled, taking the total to over 1,000 shops, the firm’s patron Peyush Bansal notified ET in a unique conversation. Despite this, Lenskart is, without a doubt, one of the few producers to boost offline retail shops. Lenskart has over 750 shops in whole and more than 720 are in India. Previous in the pandemic,…

According to a recent India Brand Equity Foundation (IBEF) analysis, the real estate sector in India is anticipated to rise to a market size of $1 trillion by 2030 and contribute 13 percent to the country’s GDP by 2025, up from 6 to 7 percent. Not only will the repressed demand drive prosperity, but the country is also seeing a structural shift in housing demand. This is due to a combination of first-time homeowners and consumers rising the property ladder to move to bigger houses or purchase a second home in another region. Durga Shanker Mishra, the Secretary of the…

Indian Oil Corporation Ltd (IOCL) has endorsed a five-year partnership with Automation Anywhere, a global player in robotic process automation (RPA), to hasten and scale Automation to accelerate the innovation across its 30,000-strong employee organization. During the first stage of a five-year plan, IOCL has automated preferred key processes across departments, including finance, human resources, and inventory, employing Automation 360, an AI-powered RPA platform, Automation Anywhere announced. IOCL declared its general revelation is to enhance operating coordination, connect diverse systems, and enable employees to work more efficiently. IOCL will also create solutions to help the employees move away from tactical…

This current feature, which will be rolled out to all Google Workspace customers, as well as G- Suite Basic and Business customers by default, is currently only available for 1:1 meetings so far. This means there’s no group calls for the moment, but given the ongoing popularity of video calls, this can’t be too far away. The feature will be a lay off as part of Gmail, so if you select to join a call from the Google chat app, you’ll be redirected to the Gmail app. If you don’t have the Gmail app installed on your device, you’ll be…

The three giants- Samara Capital, Havells Family Investment Office, and Godrej Family Investment Office have founded Marengo Asia Healthcare. This platform will operate as a multispecialty hospital chain. The platform will pivot on devising clinical partnerships to generate global expertise and intensify the patient experience. A team of professionals will oversee the forum led by Dr RaajivSinghal, who has over 25 years of international healthcare experience. “The platform commits to deploy a sizable pool of capital in investing and partnering with hospitals in India. Marengo Asia Healthcare stands committed to bringing in the highest level of ESG standards and making a positive difference in…

UltraTech prepares to invest close to Rs 6,500 crore on an expansion plan to increase capacities by 19.8 million tons MT in FY 22 and FY 23, declared its chairman Kumar Mangalam Birla. On Wednesday, Birla stated at the annual basic assembly, “These expansions, once commissioned, would further strengthen your company’s market share and financial performance,” to tackle the corporation’s shareholders. Upon fulfillment of the newest global growth, UltraTech’s capacity will develop to 136.25 MTPA, strengthening its place as the third-largest cement firm on this planet, outside of China, Birla added. The firm can also boost its capital construction and…

The country’s most considerable two-wheeler manufacturer, Hero MotoCorp outlives an optimistic growth prospect in both domestic and international markets. As per the company’s Annual Report for 2020-21, it anticipates going forward and intensifying its bearing in the premium two-wheeler segment and develop competencies in the electric vehicle space progressing ahead. In January this year, Hero MotoCorp reached the 100 million additive production mark. Now the corpus is set for the succeeding phase of its extension and fullness. Hero Motocorp Chairman and Chief Executive Officer Pawan Munjal recorded, “As the world recovers from the second and a significantly severe wave of…

Capitals will be utilized to strengthen technology and team for blitz balancing the geographical presence. | Aboli AA Deodhar |  This fundraiser will encourage the technology and commodity offerings to balance up the business and support roles significantly. GramCover will also emphasize the availability of multiple insurance commodities and services on the “GramCover Partner” application and develop its point-of-sale network, tech, businesses, and development teams across various geography.   “We are inspired concerning our Series A to fundraise with experienced tech-focussed investors like Siana Capital and Inflexor. We, at GramCover, will be encouraged by their deeptech specialty expertise and their startup…

We are living in a world where everything can be virtually connected to the internet. From smart cities to infrastructure, a fleet of vehicles, near real-time management of assets in agriculture, manufacturing, etc., the possibilities are endless. Therefore, developing IoT solutions with flexibility, choice, and the confidence to connect virtually anything your business needs becomes imperative.  Some of the platforms you’ll need to consider while designing, building and managing an entire IoT solution stack include connectivity management platform and device management platform.  These platforms help in unifying, organising, and transforming IoT data to help generate value. For those unaware, data…

SpaceX successfully launched a Falcon 9 rocket for a record 11th time Saturday, sending a new stack of Starlink satellites into orbit from California in a predawn lift-off. The previously flown Falcon 9 rocket blasted off at 7:41 a.m. from Space Launch Complex 4E at Vandenberg Space Force Station in California, carrying a stack of 52 Starlink satellites. Approximately about nine minutes after lift-off, the rocket’s first stage returned to Earth and touched down on the deck of SpaceX’s most prolific drone ship, “Of Course I Still Love You,” marking the company’s 98th successful landing. With its record 11th flight in…

Xiaomi is a privately recognized company that designs, develops, and markets smartphones, an Android-based OS, and other consumer electronics. Xiaomi also manufactures fitness trackers, TVs, air purifiers, and tablets. It has a coat for its Android phones and tablets – MIUI. The company predominantly markets its phones via flash sales in India. The smartphone producer Xiaomi foresees the market to spring back in the July-September period but persists carefully confident with the Covid-led lockdowns partially uplifted. It, despite highlighting supply chain-related challenges, led to the delay of its flagship phone. The company had recently onboarded two new manufacturing partners, DBG…

Due to the loss beheld in the June quarter and the worst hit was the air conditioner segment, Godrej Appliances on Thursday said the consumer durables industry is likely to contract 12-15 per cent in 2020-21. Corresponding to the earlier year mainly due to the loss observed in the June quarter and the worst hit was the air conditioner segment. Interviewing reporters at a virtual press conference, Godrej Appliances Business Head and Executive Vice President Kamal Nandi said the company too encountered challenges because of the unusual rise in commodity prices all across, which ended in a huge rise in…