kolkata

Catch ‘em Young

The mission is to reach out to sporting communities, specially the young underprivileged sports lovers, whatever sports it may be. And the mantra is to ‘catch ‘em young’.

A ‘made in India’ tea brand

Vahdam Teas, an upcoming online tea brand, funded by Fireside Ventures, Mumbai Angels, Singapore Angel Network and a few undisclosed investors, has now got a shot in the arms with its new “Chai Teas Private Reserve Trio” having been included in this year’s ‘Oprah’s Favorite Things Holiday Gift’ list. The list is featured in the December issue of O, The Oprah Magazine and OprahMag.com. The Oprah’s Favorite Things annual list is a must-have holiday shopping guide that features desserts, gadgets, and finest brands in home, fashion, and beauty.

A smarter storyline

Kolkata-based fragrance player- McNROE, makers of popular fragrance brands like WILD STONE and Secret Temptation, is extending its product portfolio, foraying into shower gel, hair gel, face wash and shaving foam segments under WILD STONE Edge series. It has also come up with a new campaign #JustFriendsNoMore, highlighting the importance and difference, personal grooming can make in one’s personality.

Vedanta to set up 4.5 MT steel plant in Jharkhand

Natural resources major Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5 million tonnes (MT) per annum at an investment of $3-4 billion.

The plant will be part of the company's newly-acquired Electrosteel Steels (ESL) at Bokaro, Vendanta Resources chairman Anil Agarwal told. “This would be a new steel plant under ESL and in the same location at Bokaro... So it’s a brownfield investment per se. The amount is likely to be to the tune of $3-4 billion for a capacity of 4.5 MT,” Agarwal said.

Slowing GDP growth cause for concern: Basu

Distress in some sectors of the economy has slowed India’s GDP growth, the consequences of which could be “far reaching”, former chief economic advisor Kaushik Basu said on Monday.

Basu, who was conferred the degree of Doctor of Literature (honoris causa) at the convocation of Jadavpur University here, told reporters that India’s gross domestic product (GDP) growth rate has “slowed” in recent times as “distress was being witnessed” in some sectors. “This has resulted in a decrease in job creation and it is a cause for concern," he said.

Srei to take the NCD route to raise Rs 300 crore

Srei Equipment Finance Limited (SEFL), an arm of the Kolkata-headquartered Srei Infrastructure Finance Limited (SIFL), is planning to raise up to Rs 300 crore through public issue of secured and unsecured redeemable NCDs. The secured and unsecured NCDs will have a face value of Rs 1000 each, amounting up to Rs 150 crore with an option to retain over subscription for an amount of up to Rs 150 crore, aggregating thereby to Rs 300 crore (overall issue size).

Luxury doesn't always have heritage

FIFA World Cup and ICC World Cup, may apparently be different ball games altogether. But Hublot, the Swiss luxury watchmaker seems well set to make this transition from being the maker of smartwatch, which referees kept glancing at during FIFA World Cup matches to the official timekeeper of ICC World Cup Cricket, looks so easy. And by getting increasingly associated with soccer, cricket, Formula One, golf, polo and so on, the Swiss watchmaker is consciously trying to break the myth that luxury watchmaker brand will necessarily have to have a rich heritage.

NASA may provide Terahertz devices for Shukrayaan-1

The National Aeronautics and Space Administration (NASA) may provide Indian Space Research Organisation (ISRO) with Terahertz devices for its Shukrayaan-1, the proposed orbiter to Venus, a senior NASA scientist indicated in Kolkata.

Bangur family feud gets murky

The feud in the Kolkata-based SK Bangur family is getting increasingly nastier and murkier by the day. A team of Kolkata Police, accompanied by SK Bangur’s daughter-in-law, Nitya Bangur, on Tuesday carried out search and seizure operations at the residence of Bangur at 16, Alipore Road, Kolkata for recovery of articles claimed by Nitya Bangur as her stridhan and belonging to her. The search and seizure was conducted armed with an order from the chief judicial magistrate at Alipore.

Keventer comes in tetra pak

Driven by its organizational and brand philosophy to emerge the way the 125 year old heritage brand started – quintessential Milk Company, Keventer, on Tuesday forayed into UHT milk in Tetra Pak under Keventer brand name. Interestingly, Metro Dairy, which is now a 100 per cent subsidiary of Keventer Agro, already has a milk portfolio under the Metro Dairy brand name, which includes sub-brands such as Rich (Standardized Milk), Metro (Toned Milk), Diet (Double Toned Milk) and GO (Cow Milk) and it also sells curd and ice-cream.

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