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Emami set to acquire 26 pc stake in Brillare by way of investment

Emami would make a strategic investment in Brillare Science through compulsory convertible preference shares which on conversion would result in a 26 per cent stake in Brillare for Emami, said a company statement. The move marks Emami’s foray into the Rs 30 billion salon cosmetics segment.

Brillare owns premium hair and skin care portfolio for use in professional salons through three brands.

It is understood that the valuation of the investment will be around Rs 75-100 million. Emami will have one director on Brillare’s board after the stake transfer.

“The funds will be used to grow our business. We plan to reach out to over 5,000 salons this year with our products,” Vaishali Jigar Patel, director at Brillare said.

“The investment in Brillare is in line with the company’s strategy of exploring the professional personal care segment through channels like high-end salons, which has the potential to become one of the key channels in the future that requires different capability, expertise and relevant products,” said Harsh Agarwal, director at Emami.

 

Renault India takes automobile industry by storm

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With the launch of KWID superhero edition with Marvel’s Avengers, French car-maker Renault India has created ripples in automobile industry.

The KWID Super Hero Edition is designed and developed by Renault’s design studios in Mumbai and Chennai, and it demonstrates Renault’s progressive design innovation while underscoring Renault’s commitment to the Indian market.

Touted as the true game-changer and volume driver for Renault India, KWID has sold more than 200,000 vehicles so far.

Speaking on the launch, Sumit Sawhney, Country CEO and Managing Director, Renault India Operations, said, “With the Renault KWID Super Hero Edition, Renault offers the specially designed Kwid for Super Hero fans through our collaboration with Marvel. Through this, our consumer centric approach takes the next step by exceeding customer expectations through innovation, design, and quality.”

“Marvel’s Iron Man and Captain America are among the most-loved Super Heroes in India today. At Disney, we are constantly seeking fun new ways to make these beloved characters a part of the everyday lives of fans everywhere. With Renault KWID Super Hero Edition, fans will now be able to take this Marvel experience everywhere,” averred Abhishek Maheshwari, Country Head, Disney India.

The KWID Super Hero Edition will offer segment leading length, power to weight ratio, boot space, ground clearance and cutting edge technology. It boasts of several first-in-segment features led by its SUV inspired design, 7-inch touch screen MediaNAV system, digital Instrument cluster, one-touch lane change indicator, radio speed dependent volume control and pro-sense seat belt pretensioners with load limiters.

Best-in-class features include its boot capacity of 300 litres, ergo-smart cabin, multiple storage spaces, upper segment body dimensions, interior space, service parts maintenance cost, ride & handling and several personalization options.

Bookings have commenced exclusively, at Renault India’s brand store on amazon.in at an attractive amount of only INR 9,999.

 

Nazara’s bid to get into stock market

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In its bid to enter the stock market, Nazara has filed a draft red herring prospectus with capital markets regulator Securities and Exchange Board of India.

The company runs popular subscription-based games like Chhota Bheem, Star Cricket, Bike Racing, Motor Racing etc. across Africa, Middle East, South East Asia, Latin America and the Indian subcontinent.

Nazara’s public issue will see the sale of 5,543,052 equity shares by two existing shareholders- investor WestBridge Ventures Investment Holdings will sell around 19.21% stake in the company while promoter company Mitter Infotech will sell around 1.33% equity, it has been reported.

The IPO, resulting in 20.54% stake dilution, is seeking a valuation of around $500 million. This is the first step towards getting listed on both the major stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

The listing of equity shares will enhance Nazara’s brand name and provide liquidity to the existing shareholders. “The listing will also provide a public market for equity shares in India,” the company has stated.

According to a VC Circle report, Nazara Technologies’ total revenues for the sixth month period ending 30th September 2017 was Rs. 83.89 crore with a net profit of approximately Rs, 19.84 crore.

Notable investors in the company include WestBridge Ventures, Rakesh Jhunjhunwala, and IIFL Special Opportunities Fund.

Amazon pumps in huge amount of funds in its India unit

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In a bid to show its supremacy in India’s domestic e-commerce market and also get past  Flipkart, Amazon has pushed  in a record capital of  Rs 1,950 crore into its main India unit, it is gathered.

According to sources, Amazon Seller Services has in all received Rs 8,150 crore (about $1.3 billion) so far in 2017-18 from its US parent as per filings submitted with the Registrar of Companies.

The latest capital infusion is reportedly the fourth since Flipkart raised $4 billion (about Rs 25,380 crore) around the middle of last year.

The report also says that the frequent capital infusions indicate Amazon India’s increased spending towards acquiring new customers and growing market share.

The online marketplace is spending $120 million every month, $75 million on ecommerce and $45 million on its subscription service Prime higher than its average monthly cash burn rate of $80-100 million in 2016.

“Amazon’s (cash) burn is increasing due to push in three categories — smartphones, fashion and grocery,” Satish Meena, senior forecast analyst at Forrester Research has reportedly said. “As its burn increases, it will see more infusions. In fact, 2018 will see both Flipkart and Amazon spending a lot on offline strategies,” he added.

The retailer had infused Rs 2,900 crore into Amazon Seller Services in November 2017.

Amazon India’s subsidiaries like Amazon Wholesale, Amazon Pay, Amazon Transport and Amazon Data Services have received a combined Rs 2,868 crore since 2016.

Petition filed in Kerala Court against Kamal’s Aami

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Ahead of the release of director Kamal’s upcoming film Aami – a biopic on the acclaimed writer Madhavikutty alias Kamala Das that stars Manju Warrier, a petition has been filed in the Kerala High Court seeking a ban on the film. In this, the petitioner has asked for a directive to Central Board of Film Certification (CBFC), restraining it from issuing a censor certificate for the film. The film will release soon.

Aami is an upcoming 2018 Malayalam-language Indian biographical film written and directed by Kamal. It is based on the life of writer Kamala Surayya. The film stars Manju Warrier as Surayya, along with Murali Gopy, Tovino Thomas, and Anoop Menon

The petition filed by HC lawyer KP Ramachandran, states that the film is made with the intention of supporting and justifying ‘Love Jihad’. The petitioner also accused director Kamal of twisting the real life incidents of Madhavikutty in the name of film-making freedom.

“The conversion of Madhavikutty into Islam was the beginning of “love jihad” in Kerala. Love jihad is the grave menace the society now faces in Kerala”, reads the petition.

“This hon’ble high court of Kerala had occasion to go deep into the subject and came out with shocking revelations that love jihad is taking place in an enormous manner. Now the well-oiled machineries are working for meeting the said end. The film ‘Aami’ is intended to be a catalystic agent for the said process,” adds the petition.

The petitioner also said that by emphasising on the aspect of religious conversion, the film would send a wrong message to the society at a time when it is vulnerable to religious issues.

He also blamed director Kamal for using his position as the president of Kerala State Chalachithra Academy for this purpose.

Accusing the director of skipping the true incidents in the life of Madhavikutty, the petition alleged that former Muslim League MP and orator Abdul Samad Samadani had developed intimacy with her and converted her to Islam as part of a terrorist-funded plan. Whenthe noted writer learned about the plot, she was upset over it and lost faith in Islam.

The petitioner alleges that these critical details have been omitted from the film to justify Love Jihad and give a clean chit to Samadani, added the report.

Madhavikutty  was among the first Indian women writers to openly write about female sexuality and had also courted controversy when she later converted to Islam.

Alibaba Group launches first global advertising campaign for upcoming Olympic Winter Games

Alibaba Group has launched its first global advertising campaign for the upcoming Olympic Winter Games in South Korea.

The campaign titled ‘To the Greatness of Small’ features three commercials that illustrate how one small action can touch millions of people, how small moments of character can inspire the world and how the underdog can achieve great things.

The cornerstone ‘manifesto’ commercial, is an ode to the power of small, showing that every action, regardless of size, has the ability to make a great difference. The spot features a pint-sized hockey player flattening a much-larger one and a tiny woman boxer whose fearsome punching prowess will have even Ronda Rousey quaking in her boots.

The “To the greatness of small” manifesto ad will air in China on television and also feature online and outdoor,while in Korea the campaign will feature outdoor, and online in the United States, Japan and the United Kingdom. It is accompanied by two athlete-inspired spots. Tung said the company looked at hundreds of sports- and Olympic themed stories that underscore the company’s beliefs and mission.

Commenting on the campaign, Chris Tung, Chief Marketing Officer Alibaba Group said,  “Since our founding 19 years ago, Alibaba Group has believed in and embraced the greatness of small in everything we do. Through this campaign we can share the story of what Alibaba has stood for from day one, which is to support the small guy and leverage our technology to help the underdog succeed in the global marketplace. We believe that technology can level the playing field, and that even small companies have the opportunity to be global companies.”

The first features an ice hockey team from Kenya with grand aspirations to one day qualify for the Olympic Winter Games. The ad opens with a young Kenyan boy who has never played hockey ­­– or even seen ice, for that matter – telling a sceptical elder he’s going to be an ice hockey player.

To help bring the amateur ice hockey team one step closer to their Olympic dream, Alibaba will bring five members of the team to the Olympic Winter Games in PyeongChang, South Korea in 2018 to experience the Games first-hand. Additionally, Alibaba will support the team with equipment and access to training facilities.

The last commercial features the story of Australian sculler Henry Pearce. During the quarterfinals of the Olympic Games Amsterdam 1928, he displayed a small act of kindness, pausing mid-race to let a mother duck and her ducklings pass without losing a feather. Oars back in the water, Pearce caught and passed his French opponent. Pearce not only won hearts of the crowd for his act of courage, but went on to win a gold medal and to set a new world record in the 2,000-meter event that would stand for 45 years. Onscreen: “We believe small acts lead to greatness. To the greatness of small.”

In January 2017, Alibaba Group and the International Olympic Committee jointly announced a long-term, strategic partnership. Alibaba was the first partner to make a long-term commitment to the IOC through 2028. As part of The Olympic Partners worldwide partnership program, Hangzhou-headquartered Alibaba Group became the official “Cloud Services” and “E-Commerce Platform Services” Partner for the Games.

 

Indian design studio accuses Christian Dior of copying one of its block prints

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An Indian design studio has accused Christian Dior of plagarising one of its block prints.

New Delhi studio and store named People Tree has alleged that a yoga print featured on a red cotton dress designed by Christian Dior, the French luxury giant and worn by Bollywood actress Sonam Kapoor on the cover of the January issue of Elle India magazine was very similar to one they created years ago.

The collective of artists and designers that was co-founded in 1990 by graphic designer Orijit Sen and his wife Gurpreet Sidhu sells handcrafted cotton clothing as well as jewellery and accessories made using natural and biodegradable material.

In a Facebook post on January 23, Sen shared photographs of the original design and the wood block used to create it.

 

AIR partners with Amazon; to broadcast its programmes throughout the world

Thanks to a recent pact between All India Radio and Amazon Echo service, listeners of the public broadcaster can now tune into Amazon’s Alexa to access FM radio, the popular Vividh Bharati and 41 other services from any part of the world.

The public service broadcaster has partnered with e-commerce platform Amazon for the latter’s voice-controlled line of speakers in a bid to expand global footprint.

Echo devices, powered by the artificial intelligent (AI) virtual assistant Alexa, will start streaming All India Radio (AIR) services in the next 10 days, claimed Fayyaz Sheheryar, director general at Prasar Bharati-owned AIR.

“Now, people across the world can access all local and global services of AIR through a voice command on Amazon Echo. With the changing technology, we are trying to meet the media needs of the consumers. We just partnered with Amazon 10 days ago and it will take another 10 days for this partnership to become a reality. There is no financial implication of this partnership for us,” said Sheheryar.

An Amazon spokesperson did not comment on the development, saying the company has “nothing further to share regarding its roadmap at this time”.

At present, AIR runs 17 local services, including FM Gold, FM Rainbow, Vividh Bharati and 14 other regional language services. through its digital applications and online platform. The broadcaster also runs 27 global services; all 44 services (local and global) will be available on Echo.

In India, AIR operates a total of 420 radio stations (five are community radio stations). AIR’s external services division also broadcasts to more than 108 countries.

In India, Amazon Echo has a partnership with popular music streaming platform Saavn.

LIMA to honour two industry executives to join the Licensing Hall of Fame this year

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The International Licensing Industry Merchandisers’ Association (LIMA) has selected two industry executives to join the Licensing Hall of Fame this year.

Elias Fasja-Cohen, chief executive officer and founder of Tycoon Enterprises and Brian Goldner, chairman and chief executive officer of Hasbro will be honoured at the annual LIMA Awards Ceremony that will be held on  May 22 during Licensing Expo 2018, in Las Vegas.

 

“LIMA is proud to honor these two outstanding game-changers in our industry who have lead their respective companies to exceptional levels of licensing excellence,” said LIMA President Charles Riotto. “Elias is a legend in the Latin American licensing community, and Brian a visionary and innovator who transformed Hasbro’s business and created an indelible impact on licensing. We are thrilled to have them join the Licensing Hall of Fame,” he added.

 

As chief operating officer and founder of Tycoon Entertainment Fasja-Cohen has developed on the leading licensing agencies in Latin America for more than 28 years.

In 1990, Cohen co-founded Tycoon Enterprises, professionalizing the licensing business in Mexico and opening the doors of the Mexican market to major licensors, including 20th Century Fox, Cartoon Network, Major League Baseball, Mattel, National Football League, and Nickelodeon, among others.

Under Cohen’s leadership, expanded the licensing business and introduced licensing education into territories including Mexico, Central America and the Caribbean, Ecuador, Colombia, Peru, Chile and Brazil. A large number of Tycoon alumni have gone on to become an important part of the licensing industry in Mexico.

Brian Goldner is regarded as a pioneer at Hasbro’s where he helped to develop the company’s entertainment and omni-channel storytelling. He has served as an executive producer on a number of films based on Hasbro brands, including the Transformer  films and My Little Pony: The Movie”. Under his leadership, Hasbro has expanded its presence across categories including high-end fashion, location-based entertainment, music, publishing, and consumer products.

Meanwhile, LIMA has extended the deadline for submissions for its annual International Licensing Excellence Awards. The deadline to submit has been extended to Feb. 5.

Amul, Parle, Big Bazaar and Dabur in top ten list of most liked companies in India

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With domestic brands like Amul, Parle, Big Bazaar and Dabur featuring in the top ten list of India’s most popular brands.

A Nikkei BP-Market Xcel Data Matrix survey has revealed that domestic brands like Amul, Parle, Big Bazaar and Dabur are liked and revered by Indian consumers at par with international brands like Samsung and Coca-Cola.

According to the ‘Brand Asia Survey 2017’, Samsung has emerged as the most popular brand in terms of consumer brand relationship followed by food and drinks brand Amul and mobile brand Nokia.

“Amul, the food and drinks brand, has scored second place this year beating Coca-Cola (rank 10) and Pepsi (rank 15),” Ashwani Arora, Senior VP Research, Director on Board, Market Xcel said.

“Nokia is one brand which is revered by Indians and has a high connect and past equity. The brand was once a household name in the subcontinent.The relaunch of the brand in India has refurbished the emotional connect with consumers as is evident in the survey,” Arora added.

Samsung mobiles and fast moving consumer goods (FMCG) company Parle ranked fourth and fifth in terms of the most popular brands in India.

“Parle, a brand from the pre independence era, goes on to prove the love people have for it still. It has ranked fifth this year and its win is solely dedicated to the wide variety of its biscuits which has satiated consumer palettes since ages,” continued Arora.

The survey revealed that Future Group-owned retail business Big Bazaar was the only retail brand to mark a place in the top 10 popular brands at rank six.

The rest of the brands in the top ten category included toothpaste brand Colgate, messaging platform WhatsApp, FMCG brand Dabur and beverages company Coca-Cola.