Ecommerce

Advertisement
08 Apr 2024, 14:35

Aditya Birla Group's Birla Pivot eyes $1 bn revenue in 3 years

Aditya Birla Group's Birla Pivot eyes $1 bn revenue in 3 years

Aditya Birla Group's Birla Pivot eyes $1 bn revenue in 3 years

Birla Pivot, a B2B e-commerce platform for building materials of the Aditya Birla Group, is targetting revenue of USD 1 billion in the next three years, according to a top company official. The platform, a business unit of Grasim Industries, has crossed Rs 1,000 crore revenue in its first year of operations in FY24, the company said in a regulatory filing on Monday.

Industrial & logistics space demand hit record in 2023 at 38.8 mn sq ft in 8 cities: CBRE
21 Jan 2024, 17:48

Industrial & logistics space demand hit record in 2023 at 38.8 mn sq ft in 8 cities: CBRE

Demand for industrial and logistics spaces hit an all-time high across eight major cities last year with leasing activity rising annually by 8 per cent, according to CBRE. In its latest report, real estate consultant CBRE said that the leasing of industrial and logistics spaces rose to 38.8 million square feet in 2023 from 36 million square feet in the previous year driven mainly by demand from third-party logistics (3PL) companies.

Flipkart may reduce workforce by up to 7%, affecting 1,500 employees
08 Jan 2024, 16:44

Flipkart may reduce workforce by up to 7%, affecting 1,500 employees

E-commerce major Flipkart is reportedly planning to reduce its workforce by 5-7 per cent in early 2024 that may affect nearly 1,500 employees. The Walmart-owned company currently has around 22,000 employees.According to sources, Flipkart has initiated the exercise via performance reviews and the job cuts are likely to be implemented by March-April.The Economic Times was first to report about the upcoming move by Flipkart.