kolkata

Tea Trove Eyes Expansion

It’s cuppa that cheers for The Tea Trove. Buoyant over the increasing acceptability and popularity of its existing nine-ten outlets, the fledgling Kolkata-born tea brand, offering spot blending of teas, herbs, spices, flowers and fruits to customers, has now lined up plans to open nearly 30 outlets in multiple formats across Delhi, Chennai, Hyderabad, Mumbai and Bangalore over the next two years or so. And for this, the company is also exploring the option of securing venture funding.

VFS get PE funding from Capital First

VFS, a Kolkata-based NBFC-MFI, has now raised the second round of private equity funding from Capital First by diluting 7 per cent stake. Earlier in March, VFS had raised equity from Mumbai-based Param Capital. With the latest move, VFS has dilluted 18.65 per cent stake. The company will use the proceeds to expand its operations and increase its gross outstanding loan portfolio, top company officials said. VFS has operations across 10 states, about four lakh customers and more than 204 branches, mostly in under-banked districts.

Lux promoters value two group firms at Rs 861 cr for merger

Knitwear makers Lux group is planning to merge its two group companies – J M Hosiery and Ebell Fashions -- with the listed entity Lux Industries. The merger will be in a non-cash deal.

Lux group has arrived at combined valuation of Rs 861 crore of the two firms. JM Hosiery owns men brand Genx Ebell Fashions makes women brand Lyra

ITC’s Savlon campaign bags coveted Grand Prix at Cannes Lions 2018

Savlon from the stable of ITC Ltd has turned out to be the first Indian brand to have bagged the coveted Grand Prix at Cannes Lions 2018 for ‘Creative Effectiveness’. Designed and conceptualised by Ogilvy India, the innovative campaign is a rendition of the ‘Savlon Swasth India Mission’ programme unveiled by ITC’s Personal Care Products division to encourage change of habits with regard to washing hands amongst children. This, the company is doing through various engaging and entertaining educational initiatives.

More women in work force to boost India’s GDP: McKinsey

India has one of the largest opportunities in the world to boost GDP by increasing women’s participation in the labour force, which presently stands at “only 25 per cent”, a report by McKinsey World Institute said.

The contribution of women to India’s GDP is 18 per cent, one of the lowest proportions in the world, said the report, ‘The Power of Parity: Advancing Women’s Equality in Asia Pacific’, released by McKinsey on Tuesday.

Metal industry witnesses an uptick

With rise in infrastructure development and auto­motive production, metals and mining sector in India is witnessing a growth. The country has a vast mineral potential with mining leases granted for 20 to 30 years and holds a fair advantage in cost of production and conversion costs in steel and aluminum. India is the third largest steel producer with a production of 97.38 million tonnes of crude steel in FY17. Crude steel and finished steel production during April-December 2017 was 75.50 million tonne and 79.29 million tonne respectively.

Kolkata-based car-lover group looks to develop an auto brand

Hindustan Motors may have downed shutters of its plant in Bengal and Tata Motors may have moved their Nano plant out of Bengal, but here is a group of bright young men- engineers and non-engineers with common passion for car, which has developed the prototype of a dashing electric racing car, sitting in Kolkata. And now they are trying to build an auto brand out of it.

Tea Trove Eyes Expansion

It’s cuppa that cheers for The Tea Trove. Buoyant over the increasing acceptability and popularity of its existing nine-ten outlets, the fledgling Kolkata-born tea brand, offering spot blending of teas, herbs, spices, flowers and fruits to customers, has now lined up plans to open nearly 30 outlets in multiple formats across Delhi, Chennai, Hyderabad, Mumbai and Bangalore over the next two years or so. And for this, the company is also exploring the option of securing venture funding.

Nothing wrong in four CMs rallying behind Kejriwal, says CPI(M)

The CPI(M) on Tuesday said there was nothing wrong in Kerala Chief Mi­nister Pinarayi Vijayan joi­ning his West Bengal cou­nterpart Mamata Ban­erjee to rally behind Delhi chief minister Arvind Kejriwal and said any “attack on democratic rights” sho­uld be defended at any cost.

The two chief ministers from opposing political camps — the CPI(M) and the TMC — along with their Andhra Pradesh and Karnataka counterparts had on Saturday extended support to Kejriwal’s sit-in at the Lieutenant Governor’s office in Delhi.

Carlsberg India ropes in Saif Ali Khan

Carlsberg India Private Limited (CIPL), an arm of the Carlsberg Group, has roped in Bollywood actor Saif Ali Khan as the brand ambassador of the latest offer from its stable – ‘Carlsberg Smooth’, a premium mild beer crafted with the finest European Barley.

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