Emami Limited, the FMCG flagship of the diversified Emami group on Thursday acquired 30 per cent stake in Helios Lifestyle Pvt Ltd, makers of the fast-growing male grooming brand “The Man Company” for an undisclosed amount. The strategic investment or the acquisition of stake by Emami assumed significance in the wake of the fact that it marks Emami’s entry into the fast growing online male grooming segment, top company officials said.
The recently concluded much-hyped Global Entrepreneurship Summit (GES) in Hyderabad has set the ball rolling and the US administration does not seem to be leaving at just there.
The US embassy, which runs a dedicated entrepreneurship and business development centre in Delhi, has decided to launch a special programme for 50 young (below 35 year) entrepreneurs in association with the University of Texas.
John Jacobs, a home-grown eyewear brand funded by Lenskart and PE heavyweights like TPG Capital, IFC, IDG Ventures, Unilazer and PremJi Invest, is eyeing 50 retail outlets across tier-I, tier-II cities in the country and in few lucrative international destinations by 2020. It is also gearing up to increase its turnover 10 fold to reach Rs 1000 crore mark over the next three years. And that’s not a tall order, given the huge growth opportunities in the sector.
Bajoria Appliances Pvt Ltd, a leading player in the kitchen appliances space under the ‘Kutchina’ brand, has drawn up an aggressive plan to tap the fast growing Saarc markets with its range of products. As starter, Kutchina has already forayed into Bhutanese market. The next port of call for Kutchina will be Bangladesh, top company officials said.
Bhutan Airlines, Bhutan’s first private airline owned by Tashi Air Pvt Ltd, seems well set to position itself as the “friendliest carrier” in the sky. The airlines which is on an expansion mode by way of adding new destinations, bringing in new aircrafts, replacing existing aircrafts and so on, has also taken up a number of initiatives to position and promote the itself as the ‘friendliest’ airlines brand.
Minister of State for Finance Shiv Pratap Shukla today asserted that GST will become a "good and simple tax" in the matter of few months, as issues regarding the new tax regime have been addressed by the government.
Addressing the 116th annual session of the Merchants' Chamber of Commerce and Industry here, Shukla said by March, the GST will be simple enough for everyone to comprehend.
“If winter comes, can spring (read fortune) be far behind?” – seems to be the spirit at Emami Ltd, the Rs 2500 crore FMCG flagship of the diversified Emami Group. The Kolkata-based company is betting big on its portfolio of winter brands, especially BoroPlus and Vasocare. It expects these brands to push the topline of the company during this winter and hope these brands to grow faster than the market average.
M-tech Mobile, the mobile handset brand from the stable of the Delhi-based M-tech Informatics Ltd, is betting big on the great Indian middleclass. The company seems well set to foray into mobile phone accessories, components and consumer electronics manufacturing as part of its overall expansion plans, top company officials said. The company has also set an ambitious target of reaching the Rs 1000 crore revenue mark by 2020, which would mean trebling of its current topline.
Kolkata’s home-grown Be Bonnie Bodycare Private Ltd, that started its journey modestly in 2002 as a provider of salon décor and furniture, is now setting out on an ambitious pan Indian safari with a range of branded professional hair products and a chain of state-of-the-art salons. The company now offers two brands - Be Bonnie, under which the salons are run and products are marketed, and Salon Décor, which deals with furniture and accessories.
India Uniper Power Services (IUPS), the 50:50 joint venture between India Power Corporation (IPCL), a Kanoria Foundation entity, and Uniper of Germany, is betting big on prospects of technology intervention and data analytics in thermal power sector in the country.