Latest news with #Trendyol
India.com
21-06-2025
- Lifestyle
- India.com
Winter in Style: 4 Must-Have Overcoats on Myntra This Season
Myntra has emerged as the fashion destination of choice of millions of Indians seeking quality, style and pocket-friendly prices. Just when the winter season approaches, Myntra counters in with a well-edited assortment of outerwear that is as comfortable as it is fashionable. A perfect overcoat is your ally in case you are going to work, to brunch, or even to walk out in the cold. StyleCast x Revolte – Women Solid Notched Lapel Overcoat Image source - Order Now The StyleCast x Revolte overcoat is classic, clean, and confidently stylish. With a sharp notched lapel and solid color, it gives you that structured winter look that's both versatile and timeless. Ideal for office days or elegant outings. Key Features Structured design with a notched lapel Solid, versatile color Tailored finish for a formal edge Warm yet lightweight Goes with both jeans and trousers May feel a bit formal for super casual outfits Trendyol – Shawl Collar Double-Breasted Overcoat Image source - Order Now This Trendyol double-breasted overcoat is all about chic and cozy. The shawl collar makes it soft and graceful and the double-breasted buttons make it bold and classic. An ideal winter basic in case you are a fan of easy layering. Key Features Soft shawl collar design Double-breasted front for warmth and style Medium-weight material for comfort Great layering piece Elegant fit for smart-casual wear May not suit petite frames due to bulkier collar All about you – Regular Fit Overcoat with Waist Tie-Up Image source - Order Now This all about you overcoat is a warm piece with a bit of the feminine touch. The waist tie up gives your figure a good shape and the regular fit can be layered with something underneath. It is the most appropriate coat when one desires to be elegant and still be comfortable. Key Features Belted waist tie-up for flattering shape Regular fit allows layering Soft fabric for daily wear Feminine, elegant aesthetic Great for casual and semi-formal occasions Not the warmest option for extremely cold climates KPOP – Single-Breasted Longline Overcoat Image source - Order Now KPOP longline overcoat by KPOP features a bold modern fit which is sleek and powerful. It has a single-breasted closure and a slim design, which makes it look polished and minimal and matches any winter ensemble. Key Features Longline cut for added coverage Single-breasted design for simplicity Clean, structured silhouette Lightweight yet cozy Ideal for urban or professional wear Longline length may overwhelm shorter heights The thing about a great winter overcoat is that it is never really about keeping warm it is about how you continue to wear your style into the winter. Myntra offers you an outerwear combination which is versatile and fits all your requirements, be it office wear, weekend brunch or a casual outing. Myntra has a great selection so you can bet that there is something there that will fit your body, your style and your plans this winter. Whether it is reliable brands, quick delivery, and seasonal offers, shopping on Myntra is convenient and pleasing. And hence do not merely layer, layer with style. Make this winter your most stylish one yet. Disclaimer: At IDPL, we help you stay up-to-date with the latest trends and products. It should not be construed as an endorsement to buy. IDPL may make a very small commission from its sale if one chooses to buy the product from any of the links in this article.
IOL News
19-06-2025
- Business
- IOL News
BRICS+ Series: Gulf Capital Powers BRICS+ Future
UAE President Sheikh Mohamed bin Zayed al-Nahyan (rear L) and French President Emmanuel Macron (rear R) look on as France's Minister for Europe and Foreign Affairs Jean-Noel Barrot (R) and CEO of Mubadala Investment Company Khaldoon Al Mubarak (L) sign an agreement on AI during a ceremony as part of Zayed al-Nahyan's visit to France at the presidential Elysee palace in Paris, on February 6, 2025. Global experts will debate threats from artificial intelligence (AI) at a gathering in Paris on February 6-7, 2025, ahead of a summit of world leaders on the fast-moving technology. In recent years, capital from the Arabian Gulf has become an increasingly significant force in shaping the infrastructure and digital landscapes of emerging markets. While historically known for oil and gas wealth, Gulf states are now repositioning themselves as global investment hubs with a clear focus on technology, infrastructure, and sustainable development. Nowhere is this shift more evident than in the wave of Gulf-funded data centre projects emerging in BRICS+ nations—highlighting a powerful opportunity for deeper cooperation across the Global South. A compelling example of this new dynamic is unfolding in Turkey, a prospective BRICS+ partner and regional digital leader. The Turkish e-commerce platform Trendyol has entered into a landmark partnership with UAE-based Castle Investments, led by Gulf Data Hub founder Tarek Al Ashram, to build a state-of-the-art data centre in Ankara. Valued at $500 million, the facility will eventually host 48 megawatts (MW) of computing capacity. Sixty percent of that capacity will be dedicated to Trendyol's own operations, while the remainder will support external clients. As Trendyol President Çağlayan Çetin put it, the project reflects the company's "confidence in Turkey's strong digital ecosystem" and underscores its commitment to local and regional expansion. The project is only the beginning. Gulf financial institutions such as Dubai Islamic Bank and Emirates NBD have extended substantial credit lines to Turkcell, one of Turkey's largest telecom providers. These loans—totaling more than $263 million—are aimed at expanding Turkcell's infrastructure and boosting its data centre capabilities. Meanwhile, Khazna Data Centres, based in Dubai, has also confirmed its investment in the Ankara data hub and announced plans to build an artificial intelligence (AI) facility with up to 100MW of capacity. Infrastructure Investment as a Pathway to Industrialisation These developments illustrate how Gulf capital is helping to scale up critical digital infrastructure in Turkey, with ripple effects that promise to boost entrepreneurship, industrial capacity, and regional integration. This model offers critical lessons for BRICS+ nations seeking to mobilise cross-border investment aligned with their development priorities. One of the most immediate impacts of Gulf investment is its role in closing the infrastructure gap across BRICS+ countries. In many of these economies, outdated or underdeveloped infrastructure remains a constraint on growth and innovation. The injection of Gulf capital, particularly into high-impact sectors like telecommunications, logistics, and clean energy, can help fast-track infrastructure modernisation. These investments are not just financial; they often come bundled with operational expertise, technology transfers, and long-term partnerships that contribute to sustainable industrial growth. The Turkish example, where Gulf-backed data hubs are accelerating digital transformation, is a case study in how targeted infrastructure finance can act as a multiplier for broader economic development. Fueling Digital Ecosystems and South-South Cooperation Beyond infrastructure, Gulf investments are enabling the diffusion of cutting-edge technologies that support industrialisation and inclusive innovation. By establishing high-performance data centres and AI facilities, investors are laying the foundation for BRICS+ countries to harness the full potential of the Fourth Industrial Revolution. These platforms create environments in which startups, SMEs, and research institutions can flourish. According to Gökhan Say, CEO of CyBridge Capital, the more infrastructure that is built, "the more players entering the market," leading to dynamic ecosystems that empower local innovators and facilitate global integration. In Turkey, such developments are already creating cost-effective pathways for start-ups to scale globally, a pattern that could be replicated across Africa, Latin America, and Asia. At a geopolitical level, Gulf-BRICS+ investment partnerships signify a profound shift toward a more balanced and multipolar world order. As traditional Western capital flows become more risk-averse or politically conditional, countries within the Global South are increasingly turning to one another for financing, expertise, and development cooperation. The growing involvement of Gulf investors in BRICS+ economies aligns with this broader movement toward South-South collaboration. These investments offer financial autonomy while reinforcing the strategic ties that underpin the BRICS+ framework. By investing in infrastructure and technology in allied regions, the Gulf states not only diversify their own economies but also contribute to building a more resilient and interconnected Global South. The Gulf's deepening role in BRICS+ investment is more than opportunistic finance—it is a strategic lever for economic transformation. By targeting high-growth sectors like digital infrastructure, AI, and clean energy, Gulf investors are helping to realise the developmental aspirations of the BRICS+ group. The partnership between Trendyol and Castle Investments is not just about data—it's about a new architecture of cooperation where capital, technology, and trust flow southward, redefining the future of global development. Written by: *Dr Iqbal Survé Past chairman of the BRICS Business Council and co-chairman of the BRICS Media Forum and the BRNN *Chloe Maluleke Associate at BRICS+ Consulting Group Russian & Middle Eastern Specialist **The Views expressed do not necessarily reflect the views of Independent Media or IOL. ** MORE ARTICLES ON OUR WEBSITE ** Follow @brics_daily on Twitter for daily BRICS+ updates and instagram @brics_daily
Zawya
27-05-2025
- Business
- Zawya
Trendyol and Castle Investments in partnership to create a cutting-edge regional data centre in Ankara
Istanbul and Dubai: Trendyol, Türkiye's leading e-commerce platform, has entered into a landmark partnership with Castle Investments, a company founded by Mr. Tarek Al Ashram, one of the region's foremost figures in data center development, to develop and operate a cutting-edge data center in Ankara. The strategic partnership has been formalized through the signing of a Shareholders' Agreement (SHA) to design, develop, and operate Ankara Data Hub, a 48 MW IT capacity data center that will be one of the largest and most advanced in the region. The facility will be Uptime Tier III certified and will incorporate the latest technologies and world-class operational standards to meet the evolving needs of hyperscalers, cloud service providers, and local enterprises. Trendyol will occupy a significant portion of the data center's capacity, underlining its desire to support its local and international activities with cutting edge technology services. The data center's remaining capacity will be commercially available to other major cloud players and enterprise customers in the future. With a total development cost of approximately USD500 million, the first phase comprising 9.6 MW of IT capacity is scheduled to go live by Q3 2026. The construction is actively underway in Temelli, Ankara progressing in line with the anticipated delivery milestones. Çağlayan Çetin, President of Trendyol Group, said, 'Trendyol's leadership is built on its world-class technological solutions and smart data applications. The Ankara Data Center project will significantly enhance the quality of service we offer to our rapidly growing local and international customer base, and represents further evidence of our commitment to investing in Türkiye and our confidence in the country's strong digital ecosystem.' "This partnership represents a major step forward in shaping the future of digital infrastructure in the region," said Tarek Al Ashram, CEO of Castle Investments. "Combining our extensive track record in delivering mission-critical data center facilities with Trendyol's technological leadership and digital scale in Türkiye will make the Ankara Data Hub an iconic project and a new regional benchmark." The partnership was formalised in a signing ceremony in Dubai with Çağlayan Çetin, President of Trendyol Group and Tarek Al Ashram, CEO of Castle Investments, in the presence of His Excellency Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, and Mustafa Varank, Chair of the Committee on Industry, Trade, Energy, Natural Resources, Information and Technology at the Grand National Assembly of Türkiye and head of the Türkiye–United Arab Emirates Inter-Parliamentary Friendship Group. About Trendyol Founded in 2010, Trendyol is the leading e-commerce marketplace in Türkiye and one of the top e-commerce platforms in the world. The platform connects 250,000 sellers and brands with 40 million customers on dedicated local language apps in Türkiye, Germany, Azerbaijan, the Gulf States and, most recently, in Romania, Czechia, Slovakia, Poland, Hungary, Bulgaria and Greece. About Castle Investments Castle Investments is a privately held company owned by Mr. Tarek Al Ashram, a pioneer in the Middle East data center industry. Since 2012, Mr. Al Ashram has led the development and operation of large-scale, mission-critical data centers across the region, delivering world-class digital infrastructure for governments, global enterprises, and hyperscale cloud providers. With a proven track record of innovation, operational excellence, and strategic market delivery, Castle Investments continues to build on this legacy through transformative digital infrastructure projects that enable the region's digital economy to thrive.
Mint
25-05-2025
- Business
- Mint
Amid boycott Turkey calls, PM Modi claims surge in ‘vocal for local,' ‘wed in India' trend
Prime Minister Narendra Modi on Sunday, during is 122nd episode of his monthly radio show 'Mann Ki Baat' highlighted a renewed wave of enthusiasm among Indians for initiatives like 'Vocal for Local' and 'Wed in India' in the aftermath of Operation Sindoor. Notably, PM Modi's statement comes amid a rising surge of calls across India to boycott Turkey, following Ankara's overt support for Pakistan. During the Mann ki Baat episode, PM Modi also mentioned, 'Some families pledged we will spend our next vacation at a beautiful place in the country itself'. Amid India's allegations of Pakistan's support for cross-border terrorism, Turkey condemned Operation Sindoor following the Pahalgam terror attack in India. Furthermore, Turkey provided Pakistan with drones, which were later used against India to target civilian areas and military installations during Operation Sindoor. India had launched Operation Sindoor on May 7 in retaliation for the Pahalgam attack. The precision airstrikes on nine terror camps killed at least 100 terrorists in Pakistan and PoK. Pakistan escalated the situation and attempted to strike Indian civilian areas and military installations. Indian forces also destroyed 11 Pakistani air bases, inflicting major damage to Pakistan's misadventure plans. The boycott of Turkey in India has led to bans and widespread rejection of Turkish products and services across multiple sectors due to Turkey's support for Pakistan amid recent India-Pakistan conflicts. Key elements of the boycott include: Indian small grocery shops and major online fashion retailers have stopped selling Turkish products such as chocolates, coffee, biscuits, jams, cosmetics, and clothing brands like Trendyol, LC Waikiki, Koton, and Mavi. The All India Products Distribution Federation (AICPDF), representing millions of small shops, declared an indefinite boycott of Turkish food products worth around ₹ 2,000 crore. Himachal Pradesh Chief Minister and Congress leader Sukhvinder Singh Sukhu has advocated banning Turkish apple imports, valued at about $60 million annually. The Udaipur Marble Processors Association banned Turkish marble imports, which previously accounted for 70% of India's supply. Major Indian travel companies such as MakeMyTrip, EaseMyTrip, and Cox & Kings have suspended or paused bookings and promotions for travel to Turkey and Azerbaijan, citing national sentiment and security concerns. Flipkart halted bookings for flights, hotels, and holiday packages to Turkey as an act of solidarity with India's national sovereignty, reported Reuters. India revoked the security clearance of Turkish ground handling company Celebi Aviation, which operated at major Indian airports including Delhi, Mumbai, and Chennai, citing national security concerns. Air India urged Indian authorities to prevent IndiGo from leasing aircraft from Turkish Airlines due to security and business concerns linked to Turkey's support for Pakistan. Indian universities such as Jawaharlal Nehru University (JNU), Jamia Millia Islamia, and Maulana Azad National Urdu University suspended academic collaborations and MoUs with Turkish universities. The All Indian Cine Workers Association (AICWA) announced a complete boycott of Turkey for film shoots and cultural collaborations, banning Indian film projects from shooting in Turkey or working with Turkish artists. India canceled a $2.3 billion shipbuilding consultancy contract with Turkey's Anadolu Shipyard, reported Deutsche Welle. The deal involved constructing five Fleet Support Ships for the Indian Navy at India's Hindustan Shipyard, with technology and engineering support from Anadolu. However, the report added that the cancellation was done before the recent spat, in order to boost Atmanirbhar Bharat. 'Officially, India cited its policy to boost local shipbuilding capacity as the reason for the termination', the German media house quoted an National Security Council Secretariat official. Turkish contractors and firms operating in India are being phased out or replaced by local or other international partners. Approximately 3.3 lakh (330,000) Indian tourists visited Turkey in 2024. These tourists collectively spent an estimated $350–400 million (around ₹ 3,000 to ₹ 4,300 crore), according to several media reports. To break down the figures, mentioned by Cox & Kings to HT Lifestyle : Number of Indian tourists to Turkey in 2024: about 3.3 lakh (330,000). Estimated spending by Indian tourists in Turkey in 2024: between $350 million and $400 million (approximately ₹ 3,000 to ₹ 4,300 crore).
Time of India
21-05-2025
- Business
- Time of India
Indian boycott of Turkish coffee, chocolates and fashion grows
HighlightsThe All India Consumer Products Distributors Federation has launched an indefinite and total boycott of all Turkish-origin goods, impacting around 20 billion rupees ($234 million) of food products amid rising tensions over Turkey's support for Pakistan. Major Indian fashion retailers, including Flipkart and Reliance, have removed several Turkish apparel brands from their platforms, citing national sentiments and interests in response to Turkey's public solidarity with Pakistan. Indian officials are taking steps to limit Turkish business operations in India, including lobbying against a leasing tie-up between IndiGo Airlines and Turkish Airlines, highlighting security concerns linked to Ankara's support for Pakistan. Small Indian grocery shops and major online fashion retailers are boycotting Turkish products ranging from chocolates, coffee, jams and cosmetics to clothing amid growing anger at Turkey's support for Pakistan in a confrontation with India. Turkish President Tayyip Erdogan expressed public solidarity with Pakistan, after India conducted military strikes in response to an attack in Kashmir by Islamist assailants. Cross-border fighting continued for four days before a ceasefire was declared. On Monday, the All India Consumer Products Distributors Federation (AICPDF), which supplies 13 million mom-and-pop grocery stores, said it was launching an "indefinite and total boycott" of all Turkish-origin goods, which would affect chocolates, wafers, jams, biscuits and skincare products. Indian fashion websites owned by Walmart-backed Flipkart and billionaire Mukesh Ambani's Reliance have removed numerous Turkish apparel brands, according to three sources and a review of their websites. Flipkart's fashion website Myntra removed listings of Turkish brands including Trendyol, known for women's clothing, street and casual wear brand LC Waikiki and jeans producer Mavi, said one source with direct knowledge. Myntra removed the brands "in the national interest" without Walmart's involvement, a second source with direct knowledge said. Reliance's fashion website AJIO also removed Turkish brands including Trendyol, Koton, LC Waikiki from its app, and many of those listings were shown as out of stock on Monday. A source cited "national sentiments" as a reason. Flipkart, Reliance Retail and the Turkish brands Trendyol, LC Waikiki, Koton and Mavi did not respond to requests for comment. India has not ordered companies to boycott Turkey, and India's annual $2.7 billion in goods imports from Turkey are dominated by mineral fuels and precious metals. But a consumer boycott could still be significant. AICPDF said its ban would affect around 20 billion rupees ($234 million) of food products. Apparel imports were worth $81 million last year, according to the Trading Economics reference website. Sukhvinder Singh Sukhu, chief minister of Himachal Pradesh, one of India's biggest apple-growing states, said on Monday he would ask for a ban on apple imports from Turkey, which were worth around $60 million last year. Moreover, last week Flipkart said it was suspending flight, hotel and holiday package bookings to Turkey "in solidarity with India's national interest and sovereignty". Indians have been cancelling holidays to Turkey and New Delhi has cancelled the security clearance of the Turkish-based aviation ground handling firm Celebi. Reuters reported on Friday that Air India was lobbying Indian officials to disallow rival IndiGo's leasing tie-up with Turkish Airlines, citing business impact as well as security concerns sparked by Ankara's support for Pakistan.
