TenSteps is a ~1.1 million sq. ft IGBC LEED Platinum pre-certified office development, acquired through a joint venture structure, with PRIME holding a 51% stake and Keppel retaining the balance stake. Following the transaction, PRIME’s portfolio will scale to ~3.8 million sq. ft. across Delhi NCR, Chennai, and Pune.

This acquisition builds on PRIME’s earlier transactions and underscores its consistent execution track record. The Fund’s calibrated expansion into Pune reflects its conviction in markets that offer depth of occupier demand, strong talent ecosystems, and long-term institutional relevance. Pune’s established position as a technology and Global Capability Centre (GCC) hub aligns well with PRIME’s focus on acquiring high-quality assets in key office markets.

Gaurav Puri, Chief Investment Officer, NCW, said, “This transaction reinforces the investment principles we set out with —disciplined capital deployment in prominent growth markets with a clear focus on asset quality. As we deploy the Fund corpus, our priority remains building a portfolio of Grade-A+ assets in key office markets that offer long-term visibility on demand and value creation for our investors. Pune fits squarely within this framework.”

TenSteps is a contemporary, institutional-grade office development, combining sustainability credentials with efficient design in a well-established office corridor. Its Platinum certification and design-led efficiencies support occupiers increasingly focused on operational performance, workplace quality, and long-term relevance, particularly among technology-led and global enterprises.

With this acquisition, PRIME continues to advance its portfolio build-out through a selective, asset-led approach, adding a high-quality office development in India’s key office corridors.

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Amazon India continues to innovate to enable an ever-larger selection of fast, reliable, and convenient delivery options for customers across India. From pioneering next-day delivery in India, back in 2014, to the introduction to launching same-day delivery in 2017 for Prime members, we have continued to prioritize fast and reliable delivery across the largest selection of products. To ensure we cater to evolving customer needs, we have strengthened the selection of items available for same-day and next-day delivery. Today, Prime members get free, unlimited same-day delivery on more than 10 lakh items and next-day delivery on more than 40 lakhs items on Amazon.in.

Globally, after delivering at our fastest speeds ever in 2023, Amazon has set a new delivery speed record for Prime members, with more than 5 billion items arriving the same or the next day, so far this year (2024) In India, so far in 2024, nearly 50% of all Prime member orders across a wide selection of products from eyeliners to baby products, to garden tools, to watches, to phones, have arrived the next-day, same-day, or faster. 

Prime has grown over the years to include savings, convenience, and entertainment all in a single membership. Prime members now enjoy special deals on shopping events like Prime Day and Amazon Great Indian Festival, as well as award-winning entertainment with Prime Video, unlimited ad-free access to millions of songs and top podcasts with Amazon Music, free games with Prime Gaming, books and magazines with Prime Reading, and 5% cashback on Amazon Pay ICICI Bank credit card while shopping on Amazon. In addition, members can also earn unlimited 2% reward points on payments at 100+ Amazon Pay partner merchants and 1% reward points on all other payments, across 35 cities in India.

We’ve evolved to make customers’ lives easier by ensuring a wide selection for them to shop for things they need and love while ensuring they get it quickly. Here’s how:

• We’ve continued to strengthen our focus on delivery speeds for Prime members with the expansion of our same-day delivery network. Today, twice as many Prime members receive same-day deliveries versus the same period in 2023.

• Our fulfillment centers provide storage space to lakhs of sellers across 15 states. We have sortation centers across 19 states working with over 1,950 delivery stations operated by Amazon and local entrepreneurs, and our 28,000 third-party delivery partners to deliver smiles to customers across the country. Amazon India delivers 100% serviceable pin codes.
• With the help of AI, we’ve been able to serve customers faster at scale. We’ve leveraged the power of machine learning to expand the selection of products and recommended sellers to move the selection closer to customers for them to order and re-order consistently.
• We’re delivering at faster speeds on the widest and largest selection of products to our Prime members, while also improving the overall safety of our employees. Delivering packages faster isn’t about moving faster inside our facilities— it’s about optimizing our structure and product placement. We’ll continue to make our workplaces safer, even as we get faster.

“We’re continuously innovating to bring new levels of convenience, value, and delivery options that work best for our customers. Through operational innovations to increase same and next-day deliveries, we’ve put products that our customers need and want as close as possible to them. We’re immensely proud of our progress so far, but we know there are ‘miles to go’ and much more that we can innovate to continue delivering smiles to our customers,” said Akshay Sahi Director and Country Head, of Amazon Prime, Delivery Experience, India.

What was true when Amazon was founded remains true today: customers want a wide selection, low prices, and fast delivery. Amazon is expanding selection and delivering faster than ever and remains committed to those core customer values.

The post Amazon Prime Members In India Get Access To The Widest Range Of Products Delivered On Same Day Or Faster appeared first on NRI News.

MUMBAI: Volkswagen India today announced the launch of its new Volkswagen Prime program which has been designed to offer enhanced value with exclusive benefits for its corporate customers. Corporate businesses and customers are a strategic priority for Volkswagen owing to their preference for premium mobility solutions.

Over the years, Volkswagen has made significant investments in enhancing the engagement and experience of its customers. Under the Corporate business, Volkswagen India offers an Omni-channel mobility solution, which includes purchasing a Volkswagen either directly as a Corporate, or through Leasing or Subscription based purchase models. Along with this, Volkswagen has created Corporate Business Centres at 40+ locations across its dealerships in India, which offer a dedicated Corporate Business Manager catering to the requirements of the Corporate customer.

Ashish Gupta, Brand Director, Volkswagen Passenger Cars India said, “Just like the diversity in our country, the Brand’s customer base also has varied preferences and customs across different geographies. For us, it therefore becomes imperative to carefully craft programs that will benefit and suit our customers across the spectrum of demographics. With the launch of the new Volkswagen Prime, we have introduced a program that offers customers a holistic suite of services with attractive benefits and a hassle-free ownership experience. We are confident this program will add value to our long-term relationship with our Corporate customers, making their experience of owning a Volkswagen even more exclusive.”

The Prime program includes comprehensive benefits such as free pick-up and drop service, attractive benefits on loyalty products, value-added services, Tyres & batteries, Express Delivery, and free car wash. The Volkswagen Prime program can be availed at an introductory price of INR 9,999 + GST across Volkswagen dealerships in India for four years from the purchase date

The post Volkswagen India Enhances Its Corporate Business Program With The Introduction Of ‘Volkswagen Prime’ appeared first on NRI News.

Summer is just around the corner, and it’s time to start planning your dream vacation. Picture this: the sun is shining, the waves are crashing, and the scent of adventure is in the air. But hold onto your beach hats, because we’re about to take your vacation planning game to a whole new level! With Amazon Pay, organizing your trip has never been easier. Say goodbye to the days of stressing over bookings and boring logistics and get ready to dive headfirst into a world of convenience and exciting rewards. From flights, cab, and hotel bookings, to funky travel gadgets, we’ve got the inside scoop on how to plan the perfect summer escape. So, buckle up, grab your sunscreen, and let’s plan your go-to summer destination with Amazon Pay!

Browse and Book Flights: Start by booking your travel tickets with Amazon Pay and enjoy upto INR 5000 off on international flights and upto 10% off on domestic flights, making the experience quick and hassle-free. What’s more, enjoy 5% additional cashback with Amazon Pay ICICI Bank credit card and maximize your savings! So, let the beaches and mountains call you right away!

Upgrade your Stay: Once your flights are booked, it’s time to find the perfect place to stay. Whether you prefer a cozy vacation rental or a luxurious hotel, you’ll find plenty of options to suit your preferences and budget. Hop on to Amazon Pay to book your hotel accommodations and enjoy upto 30% off your bookings!

Don’t fret, the one-stop solution is here to the rescue! With the ease of booking cabs and one-click payments on Ola, and Uber, along with exciting rewards, check Amazon Pay Balance to make your family trips a lot more fun! Not just this, Prime Members can enjoy 5% cashback on their Uber rides.

Indulge In Fashion and Beauty Bliss: Make sure you have everything you need for your summer trip by shopping on Amazon.in with Amazon Pay. Turn heads with trendiest fashion clothes, sunglasses, fashion accessories, to beauty essentials such as moisturizers, eyeliners, kajal, primer, perfumes, foldable hair dryers, makeup kits, and so much more! The experience gets rewarding with 5% cashback for Prime customers with Amazon Pay ICICI Bank credit card and 2% cashback for non-prime customers. What’s more, in case you don’t have a credit card, worry not! Pay via Amazon Pay UPI to enjoy assured rewards too! So, plan without any stress because beauty waits for no itinerary!

Stay connected with Travel Essentials: Stay connected while traveling by purchasing essentials such as travel bags, travel adapters, and noise-cancelling headphones on Amazon.in. Pay with Amazon Pay ICICI Bank credit card wherein Prime Members can enjoy 5% cashback and others can get 3% cashback on all their purchases. Further, from travel-sized toiletries to portable chargers and packing cubes, pay with Amazon Pay to make your experience convenient and rewarding.

Plan and enjoy the perfect summer getaway without any stress or hassle with Amazon Pay. So, start dreaming, exploring, and booking your next summer adventure today!

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