Its brand philosophy has always been Ab Samjhauta Nahin. And it has always chosen the path of empowering and educating women to challenge stereotypes and help enable self-action, with the firm belief that no one should have to compromise on their dignity or be discriminated against. And now to take this brand philosophy forward, Vivel, the leading personal care brand from the ITC’s stable, is coming up with a unique campaign through educational videos and interactive workshops, teaming up with senior Supreme Court lawyer Karuna Nundy.
The emphatic win against the no-confidence motion in Parliament would have come as a shot in the arm for Narendra Modi-led NDA government, but it seems to have failed to dampen the spirits of Trinamool Congress supremo and West Bengal chief minister Mamata Banerjee and her proposed federal front. Mamata has clearly set her eyes on Delhi, come 2019 general election.
Kesoram Industries has been caught in a massive controversy at a time when it is scouting for a partner to give a new lease of life to its loss-making tyre business. The flagship company of BK Birla group is facing allegations that it has indulged in insider trading and short-changing minority shareholders.
The controversy centres around Kesoram’s alleged share sale to Camden Industries in a bulk deal and investment in Cygnet Industries and subsequently Cygnet selling shares of Century Textiles to Pilani Investments.
Initially the invite for expression of interest to run the Eco Island at Rajarhat in the eastern fringes of the city found no takers among some of the best-known star hotel properties. And three years down the road, the state government, through West Bengal Housing Infrastructure Development Corporation Ltd (WBHIDCO) has not only built a successful brand around this but is now well set to take this brand to the next level.
Tata Global Beverages Ltd (TGBL) will now focus on extension and scaling up its product lines – bringing in new products, said N Chandrasekaran, chairman, TGBL. “The focus of the company going forward will be to try and scale specific platforms and operations and also capture the growth in the Indian market. Even though in volume term, we continue to be number one in the Indian market, we can't say the same in value terms.
BSE-listed Salzer Electronics Ltd, a leading player offering total and customised electrical solutions – switchgears, wires & cables and energy management business, seems well set to acquire two overseas companies – Advanced ID Asia Engineering Co Ltd, Thailand and United Marketing and Trading Ltd, Hong Kong.
Copper prices have hit seven-month lows as the market priced in weaker demand in top consumer China, which is embroiled in the trade spat with the US even as its manufacturing sector slows. Benchmark copper had ended down 1.6 per cent at $6,523 a tonne, its lowest since December 5 last year. Prices of the metal used widely in power and construction sectors have tumbled more than 10 per cent since June 7.
In India, the luxury space is evolving. It is no longer restricted to the wealthy. A new aspiring Indian has emerged as potential customers of these luxury products (cutting across industry verticals), be it a CEO or a young student. Bike or motorcycle is no exception. The adventure motorcycle category which was almost undiscovered in the Indian market a decade ago has also gained a lot of popularity in the last couple of years.
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, 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.