Author: AU News Bureau

Home products startup 10Club Homes plans to open about 30 brick-and-mortar stores in the next two years as part of the direct-to-consumer (D2C) brand’s strategy to spread its physical retailing network. “Almost 75% of the market is in physical retailing and that is why it is important for us to have a robust physical presence,” said Kavitha Rao, Co-founder,10Club Homes. 10Club Homes sells about 1,000 stock-keeping units (SKUs) in “home and small things around the home” including products for gardens, kitchens, décor items, flowers, furnishings, and dining items among other household items. “We, however, don’t do the furniture part,” said…

Global Architecture studio, Foster + Partners has unveiled a revitalization masterplan for an earthquake-hit region Hatay in southeast Turkey, after the terrible earthquake that struck Turkey and Syria on February 6, 2023. For the revitalization masterplan, Foster + Partners collaborated with leading Turkish practices DB Architects and KEYM Urban Renewal Centre, alongside engineering firm Buro Happold, and transport planning firm MIC-HUB. The masterplan is part of a larger revitalization plan led by Türkiye Design Council (TDC), an NGO that, following the earthquake, brought together local and international firms in engineering, planning, architecture, and urban design. Foster + Partners has presented…

UltraTech Cement Limited struck a deal with N Srinivasan and his family to acquire a majority stake in The India Cements Limited recently. As per the media reports, Ultratech will pay ₹3,954 crore at ₹390/share to buy 32.72 per cent stake in India Cements from the promoters and their associates. Khaitan & Co advised and assisted UltraTech Cement on structuring the transaction, preparing transaction documents and mandatory tender offer. The transaction team consisted of Haigreve Khaitan (Senior Partner), Abhishek Dadoo (Partner), Niren Patel (Partner), Shashank Patil (Counsel), Jayantika Khanna (Principal Associate), Aman Bagaria (Senior Associate) and Vritika Lakhwani (Associate). Source:…

LAFLO collaborated with KrisFlyer, the loyalty programme of Singapore Airlines (SIA) Group recently. This will bring more rewards in travel and lifestyle experiences for KrisFlyer members. This exclusive collaboration takes the form of a campaign titled “A Journey of Curiosity” which offers customers one KrisFlyer mile for every IDR 40,000 spent on LAFLO products. LAFLO initiated the “A Journey of Curiosity” campaign featuring distinctive environments that embodies LAFLO’s ideals and inspires designers and architects to cultivate their perspectives through discovery. Erlangga Boenawan, President Director of LAFLO, invited guests to browse through LAFLO’s top-notch collections, including kitchen appliances, furniture, lighting, and…

Global software provider for the architecture, engineering, and construction (AEC) industry, Nemetschek India partnered with Chennai-based ICT Academy recently. The MoU was signed in the presence of Dr Palanivel Thiagarajan, Minister of Information Technology and Digital Services of Tamil Nadu, IAS Officer Kumar Jayant, Additional Chief Secretary to the Government of Tamil Nadu, along with others. This collaboration, the company said, aims to enhance digital transformation in education through advanced technology and training programmes, giving it access to over 1000 member engineering colleges of ICT Academy. The MoU outlines a strategic partnership focusing on upskilling students and professionals, preparing them…

The International Union of Architects recently revealed the theme for this year’s World Architecture Day. Held annually on the first Monday of October since its creation in 1985, the day occurs parallel to the United Nations’ World Habitat Day, aligning the architecture community’s efforts with global urban development goals. This year’s World Habitat Day theme is “Engaging youth to create a better urban future,” which closely relates to the World Architecture Day 2024 theme, “Empowering the Next Generation in Participatory Urban Design.” Through this theme, the UIA says it hopes to encourage young architects to contribute fresh perspectives towards sustainable…

Owensboro-based Luke Roberts launched innovative TerraGlow custom low-voltage outdoor lighting solutions recently. Roberts has always been at the forefront of new ideas and technologies, and he is now all set to bring this innovation to the community, as a licensed electrician. He has an electrical background and has always been passionate about the trade. He currently works full-time for Westerfield Electric. He was inspired to launch TerraGlow while working on a project for his parents. “I did a side job for my parents one day and really enjoyed it,” Roberts said. “It’s an art form, if you will. It’s almost…

In its annual report , UltraTech said that demand for cement is projected to grow 7-8 per cent in the current financial year, helped by an increase in construction activities throughout the country. To meet this increased demand, the cement industry is expected to add 35 – 40 million tonne capacity in the next fiscal, with 60-65 per cent concentrated in the eastern and southern regions, said the Aditya Birla group flagship firm. Besides, this demand surge will translate into an increase in capacity utilisation of the industry to 72 per cent in FY25, which was around 68 per cent…