world news

Demand for food assistance spikes in southern Arizona's poorest county

Santa Cruz County has the highest poverty level in southern Arizona. Since the pandemic, thousands of residents have turned to the food bank for help.

       




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Scottsdale Community College apologizes after 'inappropriate' questions about Islam surface on quiz

Questions implying that terrorism is encouraged under the Islamic faith elicited a public apology from Scottsdale Community College after they appeared on a class quiz.

       




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Robot ceremonies. Virtual dance parties. Online speeches. How Arizona colleges and universities are celebrating graduates

Arizona colleges and universities have dramatically altered graduation ceremonies to adapt to COVID-19.

       




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JJ Valaya launches its first gifting store ‘The Home of the Traveler’ in Mehar Chand market

We will be having two large size format flagship stores, one in Delhi and one in Bombay (price points between INR 100- 10,00,000) whereas THT gifting will have products ranging from INR.1000 – Rs.5000. Our endeavour is that THT Gifting reaches 50 in terms of the number of stores in the next five years--JJ Valaya




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Wonderchef plans to open 100 exclusive outlets

Wonderchef, a Rs 200-crore company had recently entered north Indian market by launching its first flagship store in Gurugram.




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TTK Prestige eyes over 30% sales from festive season in FY18

Prestige will also be launching new products in water purifier segment.




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How chef Sanjeev Kapoor built a business empire that is valued at over Rs 1,000 crore

Sanjeev Kapoor's business ventures range from premium cookware and appliances brand Wonderchef to TV channel FoodFood to a chain of restaurants across India and abroad.




world news

Wonderchef launches 2 exclusive brand outlets in Bengaluru

With this addition, Wonderchef has 10 exclusive brand outlets in the country besides its omni-channel presence across 5000 retail outlets, it said in a release.




world news

TTK Prestige Q3 net profit up 36% at Rs 47 crore

The company's stock was trading 3.04 per cent down at Rs 8,335 apiece on BSE today.




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Govt. should grant industry status to retail sector in Union Budget 2018: Wonderchef

Ravi Saxena, MD, Wonderchef emphasizes that it is the best time to award industry status to retail sector for overall economic growth.




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Kent RO eyes 10% growth this fiscal

Water purifier maker Kent RO Systems, which has expanded to verticals such as kitchen appliances, air purifier etc, expects around 10 per cent growth this fiscal and revenue around Rs 850 crore, said a top company official.




world news

Bajaj Electricals acquires cookware-maker Nirlep

This will help Bajaj Electricals cement its position in the fast-growing Rs 12,000-crore kitchenware category.




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Sanjeev Kapoor's Wonderchef raises Rs 70 cr from Amicus Capital Partners

Founded in 2009 by Kapoor and former Sodexo Pass India MD Ravi Saxena, the company sells premium kitchen appliances, cookware and bakeware under the Wonderchef brand.




world news

Preethi Kitchen Appliances forays into cook hobs

Preethi is exporting products to the US, Asian and African countries and it currently constitutes around 8% of its revenue.




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TPG set to put Rs 275cr in home design co Livspace

TPG’s investment comes at a time when Livspace is also strengthening its offline network of experiential stores across top cities.




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Ujjwala scheme has been very beneficial to cooker market: TT Jagannathan, TTK Prestige

We expect to make up Kerala losses in September, October and November as the state rebuilds its economy.




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Tupperware adds e-commerce, EBOs to direct selling model

According to the company, Tupperware intends to leverage its existing consultant and distributor base and make them a part of the brand’s new initiative. The Tupperware family will have the opportunity to either become “Tupperware Authorised Sellers” on the e-commerce platforms, or take charge of “Exclusive Tupperware Outlets”.




world news

Gujarat government starts utensil rent stores

The state government is looking to re-introduce the old tradition, where steel or other metal utensils were taken on rent from vendors and community stores. Over the years, disposable plates, glasses, cups and other utensils have gained popularity, replacing the system.




world news

Borosil group eyes Rs 2,000-crore turnover in 5 years

​​The Borosil group, which comprises two listed entities Borosil Glass Works Ltd and Gujarat Borosil Ltd, expects to attain a combined turnover of around Rs 1,000 crore in the current financial year and from there, it hopes that it has "potential" to double it in the next 4-5 years.




world news

TTK Prestige aims to double turnover in 5 years

Besides, TTK Prestige has plans to expand its distribution network further and expects higher sales from fast-growing online channels.




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Market dynamics are different for all channels; e-commerce ecosystem will stabilise: Tupperware MD Deepak Chhabra

Tupperware India's managing director Deepak Chhabra talks about how integrating the direct sales force with the retail franchisee model is working for the home and kitchen-ware maker.




world news

Tupperware to open 100 new outlets in 2020

“We plan to launch 100 additional exclusive brand outlets to deepen our penetration across geographies and are confident of a warm reception across markets," said Deepak Chhabra, managing director of Tupperware India.




world news

Ex-Puma India head now CEO of Stovekraft

“He is well-acquainted with the working culture of large global brands, which puts him at the right position to take charge of reinforcing Stovekraft’s position as the market leader in the FMCD (fast moving consumer durables) space,” chairman and MD Rajendra Gandhi said.




world news

Natural cookware brand The Indus Valley raises Rs 2.5 crore from The Chennai Angels

“We see this second round of investment from TCA as a token of faith. We have grown 500% over the previous financial year and on track for very aggressive growth next year as well.” said Jagadeesh Kumar of The Indus Valley.




world news

Shalimar Paints appoints Minal Srivastava as VP-Marketing

According to the statement released by the company, Srivastava, an alumnus of IIM-Ahmedabad, comes with over 15 years of cross-functional business experience. She has also mentored multiple start-ups and turned around their businesses towards better revenues and growth.




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Kansai Nerolac, Asian Paints, Berger Paints slip up to 6%

Kansai Nerolac Paints reported 16% drop in profit at Rs 122 crore for September quarter.




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Asian Paints Q3 profit rises 15% YoY to Rs 636 crore

Consolidated revenue of the company increased 24 per cent to Rs 5,293.99 crore in Q3FY19.




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JSW Paints aims at Rs 2,000 crore revenue over three years

The Sajjan Jindal-led JSW group’s JSW Paints entered the highly competitive paints industry in India with an initial investment of Rs 600 crore.




world news

Asian Paints Q4 net profit down 1.7% to Rs 487.45 cr

Total expenses rose 15.65 per cent to Rs 4,340.64 crore in the quarter as against Rs 3,752.94 crore in the year-ago period.




world news

Berger Paints Q4 up 4.9 pc to Rs 111.43 crore

Berger Paints' total expenses was at Rs 1,304.62 crore as against Rs 1,136.47 crore, up 14.79 per cent.




world news

Indigo Paints takes to aggressive advertising to improve brand recognition

Established in 2000, Indigo Paints is a relatively new entrant to the decorative paints industry that is dominated by the like of Asian Paints, Berger and Nerolac.




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Asian Paints Q1 net profit rises 18% to Rs 655 crore; beats estimates

The number beat ET Now's poll estimate of Rs 547 crore profit.




world news

Berger Paints eyes its 2nd acquisition in Russia

Dhingra indicated that the company they would look for acquisition should be bigger than its existing operations in Russia. BPIL now runs the Russian operations through its subsidiary in Cyprus.




world news

Berger Paints to acquire Kolkata-based construction materials maker

In a filing with the stock exchanges, the company said it is buying 95.53% stake of STPL. Balance 4.47% stake will remain with STPL’s existing shareholders.




world news

Asian Paints Q2 profit grows 68% YoY to Rs 823 crore; Rs 3.35 per share interim dividend announced

The decorative business segment in India recorded high double digit volume growth.




world news

Berger Paints Q2 profit surges 67% to Rs 195 crore

Revenue from operations (excluding GST) in the said quarter stood at Rs 1,598.58 crore.




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We are aiming for Rs 3,000 crore in five years: MD Indigo Paints

From Rs 12 crore in FY09, the Pune-headquartered company, which is gunning for an IPO, closed FY19 with revenue of Rs 600 crore. Here Jalan talks to TOI about his plans for the company.




world news

CCI orders probe against Asian Paints

"The Commission is of the view that evidence provided by JSW Paints is prima-facie sufficient to indicate that Asian Paints has denied access to the distribution channels in the relevant market to JSW Paints by threatening and coercing such dealers through various means," the fair trade regulator said.




world news

Asian Paints Q3 results: Profit grows 20% to Rs 764 crore, meets Street estimates

Asian Paints' revenue from operations rose 3% to Rs 5,420.28 crore from Rs 5,263.04 crore.




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Asian Paints announces Rs 35 crores contribution to combat Coronavirus outbreak

“As a socially responsible company, Asian Paints is committed to providing necessary support towards various relief measures announced by the government to combat Covid-19” said K.B.S. Anand, Managing Director & CEO, Asian Paints Limited.




world news

Berger says no to job or salary cut during coronavirus crisis

Berger said it has decided against any involuntary furloughs or organisational restructuring that may lead to downsizing of headcount and consequent loss of livelihood during the time of widespread uncertainty. It stated that there will be no impact of the crisis on new recruitment offers.




world news

Asian Paints to make hand sanitisers

The sanitiser is being manufactured at Asian Paints’ plant in Ankleshwar, Gujarat and the company has obtained all necessary permissions from authorities. Other brands which started making hand sanitisers after the Covid-19 pandemic spread to India include Dabur, Emami, Patanjali, Nivea India, and Raymond Consumer Care, among several others.




world news

Asian Paints partially resumes operations at some facilities

On March 23, the company had informed bourses about disruption of operations across the country on account of COVID -19 pandemic.




world news

Cash position comfortable, latent demand coming into market: Asian Paints

'Our foray into sanitizers is an effort to help the fight against Covid-19'




world news

Landmark Group introduces Cash-and-Carry furniture to spur growth

The home furnishing chain, which currently has 50 stores in 27 cities, also cited longer replacement cycles as reason for low sale of durable big-sized furniture such as three and five-seater sofa sets.




world news

Ikea takes online route in Pune

Currently, over 2,000 people work for Ikea India and the company aims to hire close to 15,000 “co-workers” by 2025.




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IKEA in UAE recalls 'Made in India' travel mugs that may contain harmful chemicals

"To ensure the safety of our customers, we are recalling all TROLIGTVIS travel mugs marked "Made in India". We urge customers to return the product to any of our stores for a full refund. We apologise for any inconvenience this recall may cause," the world's largest furniture retailer said.




world news

Ikea recalls 'Made in India' mugs due to excessive chemicals

“There are no medical issues and this is purely a proactive initiative keeping the safety of our customers in mind,” the Swedish furniture and home products retailer said on its website, urging consumers to stop using the Troligtvis-branded travel mugs immediately.




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Ikea may entice with malls next to its big stores

Ikea is exploring possibilities of building shopping malls and entertainment facilities next to some of its upcoming standalone stores, or developing multi-storey shopping centres with Ikea as an anchor store, depending on land availability, they said. The company will lease out mall space to other brands and retailers.




world news

Ikea all set to lock horns with Google & Amazon, partners with Swedish firm to break into audio device market

Home audio is not the only segment that the two firms are targeting. Other products in the range include lights, crockery, furniture, and other knick-knacks like a reflective raincoat and a cajón. Some of the devices like the speakers and smart lighting bulbs can be connected together.