Latest news with #RiteshKumar
Mint
15-05-2025
- Business
- Mint
DS Luxury bets on premium fashion boom, plans 30 stores by FY28 as India's luxury market is set to boom
With India's appetite for high-end fashion and accessories on the rise, DS Luxury, the luxury retail arm of Dharampal Satyapal Group Ltd, makers of Catch and other FMCG products, is gearing up for aggressive expansion over the next three years. The company plans to operate 30 stores across the country by 2027–28, spanning both luxury mono-brand boutiques and a new multi-brand concept. 'India's luxury market is likely to see several new additions in terms of luxury malls, for which infrastructure is still lacking. We would look to have as many as 30 stores by then across the country," said Ritesh Kumar, promoter, DS Luxury Retail Ltd, in an exclusive conversation with Mint. The move comes amid a broader shift in consumption patterns. 'The quiet luxury trend is definitely gaining popularity in India," he said, 'but brand logos as status symbols are still relevant and garner massive demand." DS Luxury currently retails seven luxury menswear brands such as Tom Ford, Berluti, Brioni, and Brunello Cucinelli in luxury malls across Delhi. It introduced Tom Ford in the country back in 2010. Also Read: India's Gen Z is drinking less, but drinking betterLate last year, it launched a women's accessories and shoe brand, Aquazzura, and most recently, this month, it has brought Italian fashion brand Eleventy Milano to India in Delhi's The Lodhi Hotel. The company is known for its luxury, contemporary clothing and of the LVMH group portfolio—has also emerged as a very strong performer for the company, too. Multi-brand retail next Now, it is working on a multi-brand retail concept in collaboration with an international partner, with launches expected this fiscal. Initial rollouts are planned in Delhi, Mumbai, Hyderabad, and Bengaluru. 'This will be more like a concept outlet, and a lot of brands that are not present in India will find it easy to come into this multi-brand outlet and start to retail here," Kumar said. The multi-brand format, he added, will also help the company enter tier-2 cities, where luxury mall infrastructure is still developing or has not developed at all. 'These types of formats can be taken to different cities, even where luxury mall infrastructure doesn't exist," he said. The format also serves as a risk hedge in a market where brand cycles can be short. 'Sometimes luxury brands also tend to have a shelf life, so when there is a multi-brand store, that helps reduce the risk for us as well as for the brand before they launch in a mono-brand format," Kumar said. DS Luxury is also in advanced talks with several global names across ready-to-wear, shoes and accessories. 'We are very serious about looking at women's shoes and accessories as a category. Accessories, shoes and bags are doing very well as a category across the world. Select categories and brands have good consumption and strong demand, which will probably continue to see an uptick even in the future," he added. Also Read: Airfares are down but insufficient hotel rooms are keeping travel costs high: Thomas Cook Apart from its luxury fashion vertical, DS Group also owns Swiss chocolate brand Läderach, luxury children's wear stores Les Petits, Le Marche, Le Gourmet by Le Marche, and gourmet French bakery and patisserie chain L'Opéra. Le Marche, which also comes under Kumar's purview, has about 10 stores across the country. It will look to add another 3-4 outlets over the next few years to its newly launched Le Gourmet by Le Marche, a luxury grocery store that sells products from brands like Harrods, Swiss tea brand Sirocco, Bacha coffee, and Maestrani chocolates, etc. Luxury retail changes All of this comes on the back of the fact that the country's luxury retail landscape is set for a significant transformation with upcoming developments across major cities over the next 4-5 years. While at present there are a clutch of luxury malls in the country, in Delhi, Bharti group is working on Worldmark Aerocity, poised to become the country's largest mall, while Mumbai is expected to see new luxury-focused projects like Oberoi Realty's Three Sixty West in Worli and additional expansions by the Palladium group. Similar activity is underway in Bengaluru, Hyderabad and other metros, signalling stronger infrastructure support for premium retail. Also Read: Virat Kohli to continue to rule ad world despite retirement from Tests, T20Is This growth comes as India's affluent population is set to expand sharply over the next five years. According to property consultancy Knight Frank India, the number of ultra-high-net-worth individuals (those with net worth exceeding $30 million) is projected to rise by 58.4%, to over 19,000 by 2027 from 12,069 in 2022. The billionaire count is also expected to grow to 195 from 161 during this period. Meanwhile, the high-net-worth individual (HNI) segment—with net assets over $1 million—is forecast to more than double to 16.5 lakh from 7.9 lakh. Key takeaways
Indian Express
01-05-2025
- Politics
- Indian Express
Karnataka High Court allows burial of accused migrant labourer shot in in Hubballi encounter
The Karnataka High Court on Tuesday allowed the burial of the accused migrant labourer from Bihar who was allegedly killed in a recent police encounter in Hubballi district. The deceased, Ritesh Kumar, who was accused of murdering a five-year-old girl, was shot at in the leg and back during an escape bid when he allegedly attacked the police on April 13. According to the police, he was later declared dead when taken to the Karnataka Medical College and Research Institute in Hubbali. The People's Union for Civil Liberties, which had originally moved the court, had also expressed concerns regarding the subject of the mandatory First Information Report (FIR) after the shooting. The matter was heard by a Division Bench consisting of Chief Justice N V Anjaria and Justice K V Aravind and is set to be heard again on Friday. In the previous hearing, the PUCL had raised concerns regarding a possible cremation of the body before postmortem, with the state noting that only a burial could be permitted in such cases as the relevant guidelines would be followed. The High Court also stated that the post-encounter guidelines laid down by the Supreme Court in the People's Union of Civil Liberties v State of Maharashtra case would have to be followed. The Bench on Tuesday permitted the request from Advocate General Shashikiran Shetty to bury the body as post-mortem had been completed. The PUCL, represented by senior advocate Aditya Sondhi, expressed concern regarding the fact that the FIR was filed against the deceased accused regarding the shooting and not with regard to the investigation of the shooting itself. Sondhi further stated, 'The prayer before your lordships….is to have the enquiry committed either by a retired judge or by an independent investigating agency'. The AG responded that the matter had been referred to the CID and not the local police.
India Today
30-04-2025
- India Today
Human rights body hauls Karnataka over minor's rape, encounter death of accused
The National Human Rights Commission (NHRC) issued notices to the Karnataka government and the state's Director General of Police (DGP) following media reports alleging the abduction, rape, and murder of a minor girl, and the subsequent death of the accused in a police encounter in Hubballi. In a statement released on Wednesday, the NHRC said it had taken suo motu cognisance of the reports, which claimed the incident occurred on April 14. The Commission said it was seeking a detailed report within four weeks from the Chief Secretary and the state's police chief. The report is expected to include the post-mortem examination and magisterial inquiry reports of both the deceased minor and the accused. advertisement'The contents of the news report, if true, indicate a serious violation of the human rights of the victim, a minor girl, and the arrested suspected perpetrator, killed in an alleged encounter,' the Commission said. According to the report cited by the NHRC, people gathered in protest outside the Ashok Nagar police station after the girl's body was found, demanding the immediate arrest of the accused. The accused was reportedly apprehended within hours of the incident. However, while being taken for questioning, he allegedly attempted to attack the police, leading to gunshot injuries that resulted in his death. The case pertains to the death of a five-year-old girl who was strangled to death after an attempted rape in Karnataka's Hubballi. The accused, Ritesh Kumar from Bihar, lured the child into a shed and tried to sexually assault her. When locals heard the child scream, they rushed to the scene, but by then, Ritesh had strangled her and fled. He was later identified through CCTV footage that showed him carrying the girl away while she was playing in front of her arrested Ritesh and booked him under sections of the Protection of Children from Sexual Offences (Pocso) Act and for murder. During questioning, Ritesh reportedly confessed to the crime. According to Hubballi Police Commissioner Shashi Kumar, the accused attacked police officers with stones when taken to his place of residence to retrieve documents and verify his identity. A woman sub-inspector fired a warning shot in the air, and when he did not stop, multiple rounds were fired. He sustained gunshot wounds to his leg and back and later died at the sub-inspector and two police personnel were also injured in the altercation and are receiving treatment. Police said Ritesh had been living in Hubballi for nearly three months, working at construction sites and hotels, and had been away from his native Patna for several years. A team has been sent to Bihar to gather more information on his NHRC has stressed the need for transparency and accountability in the handling of such serious incidents, especially when they involve the custodial death of an accused and the rights of a child victim. IN THIS STORY#Karnataka
Time of India
29-04-2025
- Business
- Time of India
Eye from sky: AI watch soon on illegal colonies in Ghaziabad
Ghaziabad: GDA may soon use an artificial intelligence-powered tool to detect encroachment and unauthorised colonies in the city. The Authority plans to invest Rs 2 crore in an illegal construction detection system, a software already being used by Varanasi Development Authority, that uses technology like satellite imagery, drones and image processing to identify buildings or structures constructed without proper permits or in violation of building regulations. The system also employs algorithms that can analyse images, compare them with existing databases, and flag potential illegal constructions for further inspection. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida On Tuesday, GDA vice chairperson Atul Vats told TOI the new software will analyse satellite imagery taken at three-month intervals and compare it with the city's master plan to identify unauthorised buildings or structures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Once violations are detected, the system will provide precise coordinates to enforcement teams for immediate action, he said. The town planning department will make spot visits to verify each case before a crackdown by enforcement teams. Ritesh Kumar an expert from the software firm that made a presentation before GDA this week, said there were two methods to map an area. "One is 2D, which works on a horizontal plane. The second is 3D technology that considers horizontal and vertical constructions. For 2D technology, we use satellite imagery for a certain time period, which is compared with a second image taken after a gap of a few months, and then the two are tallied to look for changes in the construction pattern of the colony. These are further collated with the sanctioned map, to identify the level of illegal construction," he said. In 2018, GDA had invited professionals from Lucknow's Remote Sensing Application Centre (RSAC) in a bid to use advanced technology to check the proliferation of illegal colonies, but the project failed to materialise. GDA then identified close to 250 illegal colonies.
