Category: Business

Jaipur, Rajasthan [India], Aug 9: Usually, a great farmer always gets into the field, and he takes care of crops to get the best yield. Likewise, a great leader guides his employees and helps them improve their skill sets, contributing to the company’s growth.

A leader should help people grow in their verticals and showcase their best performance. Divya Gandotra is one such visionary leader and the founder of a digital agency, EMIAC Technologies Pvt. Ltd. She believes in teamwork and nurturing her teammates for the common goals of the company. Divya considers her teammates as a family that allows her to connect with them on a personal level.

The most important thing in growing a company is to develop leadership qualities in all the employees. It will allow them to handle any kind of critical situation, which helps in improving productivity.

Let’s take a look at how Divya Gandotra nurtures her team, leading to her company’s success.

Have A Clear Vision And Make Your Employees Understand That

Being a team player is not a simple task, but she has been a team player and guided all the employees in analyzing and improving their individual skills sets as a leader. This helped her in the growth of the company because analyzing individual skills can help in assigning related tasks so that they can work more efficiently.

But ascertaining individuals’ skill sets needs a lot of time and hard work. Expecting all the employees to work in the same way is not justified because everyone has their potential, and a leader has to discover that and act accordingly.

Taking time to learn the importance of each employee and how they help in the development of the company is the key to success. Divya Gandotra strategically planned some special programs to analyze the individual’s skill sets and started assigning tasks accordingly, which helped her get things done quickly and efficiently.

Work Together Effectively

Teams that work together can have greater results than working alone. So it is important to educate your employees on how to act as team players. As a team, people can complete tasks easily. Each team member should know their roles and responsibilities clearly to contribute towards the company’s growth.

A leader should encourage their employees to work together effectively. Divya Gandotra has implemented some strategic ideas in EMIAC Technologies to maintain a friendly team that helped her steer the company towards productivity while enriching the talents of her teammates.

Frequent Checkups And Appreciations Will Keep Your Team Motivated

It is important to notice the flaws and guide the teammates in correcting them at the right time. Likewise, it is important to appreciate the employees’ achievements to keep them motivated.

The best team leader is the one that appreciates everyone’s learning process because a fresher cannot complete complicated tasks with perfection. As a result, even freshers must be appreciated for the work done, so that all the team members stay motivated which helps in the growth of your company.

There are many ideas for developing a company, but nurturing and motivating employees will help the company in achieving high productivity. The above mentioned are the points that Divya Gandotra follows to ensure the success of her employees and the company.

Hyderabad (Telangana) [India], August 7: With the recent demand in growth for the steel world over post COVID-19 lockdown, the steel industry is confident of a positive growth outlook. This has given Radha TMT, the prestigious brand of Radha Smelters Pvt Ltd, an ambitious plan to work with, including catering to exports of the company’s speciality steel products like TMT bars, CRS bars, MS structures, specialist billets, to name a few.

To cater to their growing product demand, the company has also set up a sales office in Maharashtra to meet the burgeoning demand.

“We are hopeful of becoming a Pan-India player by 2025 owing to our state-of-the-art manufacturing capability as COVID has also increased demand for local players to cater to growing infrastructure demand under Atmanirbhar Bharat. Our commitment to strict adherence to the quality of our product and ability to execute it with finesse is what defines our core business ethics. With our long-standing legacy in delivering quality, we are today in a position to script the country’s growth story as we are involved in the construction of roads, bridges, buildings, railways, and other infrastructure projects for government and key private players. As a country, if India wants to grow, we have to move from a tax break mentality to a production linked incentive mentality. This pandemic and hereafter if we can go together we can grow together”, said Mr. Akshat Saraf, Director Sales & Marketing- Radha TMT.

Its continuous commitment to developing high-grade quality products through rigorous research and manufacturing has enabled it to emerge as the key player in exports. The demand is steadily increasing, and the company’s technology-driven manufacturing has been able to meet it. The Group company, despite COVID-19 lockdown, is positive of annual growth amounting to Rs. 2000 crore and more as the demand for their products is rising in India and across the world.

Surat, August 6: When we talk about disasters, the year 2020 will be the first to hit anyone irrespective of what field they were working in. But, the very year was like the magical spell ABRACADABRA for digital marketers. One such brand is Four Pillars Media Agency, based out in Surat, Gujarat. According to them, they were a bunch of dreamers back then, and now it’s been just one year, and are growing at an exponential scale. Team of 4 is now a family of 20. They have served in over 12 Industries, 2 Countries, 11 States, and 16 different cities in less than 15 months. They have been defining a contemporary way of marketing and getting substantial results over the conventional methodology keeping focus on building the brands of tomorrow. Having advertising and branding as their central focus, they work around all aspects related to making a company, the brand it dreams to become. Four Pillars Media Agency has created multiple featuring design strategies for clients across industries, most prominently Jewelry, Food, Lifestyle, Rocks, Events, Education, Finance, among others.

“Four Pillars Media Agency brings you an opportunity to tune in with us today as a Client and be out to the world tomorrow as a Brand,” Anuj Tosniwal explains the company’s They listen to your requirements, design your imagination into reality, and create brand experiences that drive business growth. Being a dedicated young bunch of people, they are always up to the mark when it comes to the latest trends which help us create out-of-the-box solutions to meet our deliverables. From providing scalable solutions for outstanding recognition in the digital world to creating digital existence of an idea that can be a strategic business, they understand that every client’s needs are unique and hence offer flexible business models to get the most appropriate offer bringing you the best results.

No matter how small or big your business is, they are here to help you with an experience of digital transformation. Social Media Management, Digital Marketing, Graphic Designing, Branding, Advertising, Logo Designing, Campaign Designing, Website Development are some of the niches they have been working on and delivering their clients to the best of their capabilities. For every segment, they have hired an expert who is skilled to pull off the task and reach the client’s expectations. So, 2020 may not be a blessing in disguise but it surely started a new era of marketing for all businesses.

Mumbai (Maharashtra) [India], August 06: Specialty chemicals company LANXESS completed the second-largest acquisition in its history on August 3 with the takeover of Emerald Kalama Chemical. The US-based specialty chemicals manufacturer was majority-owned by affiliates of private equity firm American Securities LLC. All required regulatory approvals have been received. The enterprise value of Emerald Kalama Chemical was USD 1.075 billion (EUR 900 million). After deducting liabilities, the purchase price was approximately USD 1.04 billion (EUR 870 million), which LANXESS financed from existing liquidity.

“Emerald Kalama Chemical gives us another major boost on our growth path. The new businesses are an optimal strategic fit for us. We are strengthening our position in markets with attractive growth rates and opening up new high-margin application areas, especially in the beverage and food sector or in cleaning and cosmetic products. What’s more, Emerald Kalama Chemical is perfectly backward integrated – strengthening our value chain in Consumer Protection. This segment is thus an important engine on the way to making LANXESS even more stable and profitable,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

“A strong team is now working at full speed to ensure a rapid integration.”

With the closing of the transaction, LANXESS grows by around
470 employees and the three production sites in Kalama/Washington (USA), Rotterdam (Netherlands), and Widnes (Great Britain).

In 2020, Emerald Kalama Chemical achieved global sales of approximately USD 425 million (EUR 375 million) and EBITDA pre exceptionals of around USD 90 million (EUR 80 million). Within three years, LANXESS expects an additional annual EBITDA contribution of around USD 30 million (EUR 25 million) from synergy effects. The acquisition will already be earnings per share accretive in the first fiscal year after its completion.

Expansion of the product portfolio for the consumer care sector

Around three-quarters of the sales of the acquired businesses are attributable to specialty products for the consumer care market.

The acquisition makes LANXESS one of the leading providers of products for flavors and fragrances – an area in which the specialty chemicals company expects to see sustained strong growth rates. The substances are used primarily in personal care products, cosmetics, and exclusive fragrances, as well as food and beverages. The product range in the new LANXESS portfolio includes more than 30 aroma chemicals that provide earthy, floral, fruity, spicy, and herbal notes.

LANXESS is incorporating this business into the newly established Flavors & Fragrances business unit, which will become part of the Consumer Protection segment.

The acquisition also strengthens LANXESS’ leading position in the preservatives business. The new products will be used in high-growth applications in the food and beverage industry as well as in detergents, fabric softeners, cosmetics, and personal care products.

Specialty chemicals for industrial applications

Around a quarter of the sales of the acquired businesses are accounted for by specialty chemicals for high-growth industrial applications, primarily in the plastics, paints and coatings, and adhesives industries. The products will be integrated into the Polymer Additives business unit.

Bengaluru (Karnataka) [India], August 5: In May 2021, Sukh Sagar Medical College and Hospital from Jabalpur started seeing a surge in the number of patients due to the second wave of Covid-19. The situation also led to the higher number of food orders for the Hospital canteen run by Tasty Food Café, and the staff shortage added to the challenges. That’s when Tasty Food Cafe started looking for a solution and installed an automatic dosa machine at their outlet.

Tasty Food café is just one of the incidences to mention. Pandemic changed the way restaurants and hotels were working. There was a shift from Dine-in to a Delivery model, leading to more and more cloud kitchens. In addition to this, there was also a concern regarding the availability of skilled labour because of reverse migration. Hygiene and safety became a priority for the business owners in the post covid world. The scenario led to people becoming more receptive to technological advancements, and Kitchen automation solutions could easily bridge these gaps.

Mukunda Foods, a kitchen automation solution provider from Bangalore, onboarded three times more customers in FY 2019-2020 than the previous financial year. Many of their customers were cloud kitchen owners looking for a solution that could help them maintain food consistency while minimizing the meal prep time to reduce the delivery time.

In a statement, Eshwar K Vikas, Co-founder, and CEO, Mukunda Food, shared, “The commercial kitchens always needed Automation, but people were not able to make out the long-term benefits. But successive lockdowns accelerated their receptiveness towards automating their kitchens. They started understanding that Automation is not only about reducing turnaround time and maintaining food consistency, but it also helps in reducing the operational cost.”

Mukunda Food’s machines aim to automate simple steps in Indian dishes that broadly impact food taste. They have automated over 14 cuisines & the popular ones that make Chinese food, Pizzas, Dosas, Chai, Biryani, Fried food, Khichdi & many others. The machines are also IOT enabled that help automations work at their best of capabilities and give decision-makers of business a lot more control over their businesses like setting up the recipes based on their Sops. They can also modify it from the central location whenever they want. These processes have been installed at around over 3000 kitchens across 22 countries to put for companies like Rebel Foods, Ola Foods, ITC, Chaayos, Swiggy, Wow Momo, etc.

Mumbai (Maharashtra) [India], August 5: Comfort Fincap Ltd, an NBFC of the Comfort Group has released the financial results for the first quarter of FY 2021-22 (ending June 2021). As per the unaudited results, the company has reported a Profit After Tax (PAT) of Rs.1.18 crores for the quarter. It recorded a net income from operations of Rs.2.84 crores. The net interest income of the company experienced an increase of around 25% YoY compared to June 2020. It also managed to generate a financial advisory and consultancy fee of Rs.7.50 lakhs in this quarter compared to zero in the quarter ending June 2020.

The company is positioned perfectly between the organized banking sector and the unorganized local money lenders. Led by a team of young professionals, Comfort Fincap has managed to register a stellar performance even in these trying times.

In the expenditure section, the company has managed to reduce its finance costs by around 17% compared to the previous quarter (ending March 2021). The overall expenditure has also seen a drop of around 109% compared to the previous quarter.

With services like loan against securities, margin funding, bill discounting, ESOP finance, loan against property, home improvement loan, personal loan, business loan, promoter funding, machinery finance, car loan, gold loan, and IPO financing, Comfort Fincap offers a wide range of products to consumers.

The current loan book of the company stands at Rs.67 crores as of June 30, 2021. The management has targeted a loan book of Rs.100 crores by the end of the financial year 2021-22. Comfort Fincap has reserves of Rs.29.89 crores (excluding revaluation reserve) and a paid-up equity capital of Rs.10.85 crores. The total assets of the company stand at Rs.73.50 crores.

Kindly visit the website http://www.comfortfincap.com/ for more information.

About Comfort Fincap Limited:

Being an NBFC, The Company has positioned itself between the organized banking sector and local money lenders, offering the customers competitive, flexible and timely lending services.

The Company is currently listed on the floors of BSE Limited and Calcutta Stock Exchange Limited.

About Comfort Group:

Comfort Group is headquartered in Mumbai and is on the path of rapid expansion across major cities in India. The Company has a diversified client base that includes HNIs, retail customers, mutual fund houses, financial institutions, corporate clients, and others.

New Delhi [India], August 5: Mental Health was proven to be one of the most talked-about topics of 2020. This could be mainly attributed to the global pandemic and its unfortunate circumstances. However, out of all the solutions that were suggested to help with this, there was one that proved to be one of the most effective – ‘Meditation’.

A lot of people, understanding the benefits of meditation, started to indulge them in the practice. Some were guided, while some weren’t.

However, even though meditation was proven to be an excellent tool to help with a person’s mental state, it is difficult for people to inculcate a habit to practice quality meditation and hence to see substantial changes in their mental framework on a day-to-day basis is again tough.

This is where the Black Lotus meditation app came into the picture. Black Lotus is an application that was designed specifically for people who seek to make meditation a part of their lifestyle. The app aims to change the way you look at the world, which changes how you process information, which changes the way you tap into your higher states of consciousness. The app brings lasting, profound changes to your life while reaping the benefits of intense meditation.

Built by Om Swami – a tech entrepreneur turned monk, and an international best-selling author, Black Lotus uses a scientific framework called RARE – Reflect, Act, Reinforce and Evaluate. The Black Lotus app goes beyond simple meditation and engages the user in different actions and acts of kindness throughout the day. The app deepens the practice by complementing meditation with daily kindness and mindfulness acts, with habit-forming support. Sprinkled throughout the day, a user is supposed to spend 15-17 minutes maximum in their daily journey to become an expert meditator and achieve a higher sense of consciousness. The app has impacted over 2 million people across the globe. 32 million minutes of meditation has been clocked into the app and over 250,000 impact stories.

Indian Chess Grandmaster Vidit Gujrathi, India rank 2, is a devoted user of the app, and he says that he noticed that whenever he felt low, a story about a Random Act of Kindness (RAK) would put him in a positive frame of mind. “I think there are scientific studies that say even if you observe an act of kindness, it also evokes the same emotions in you as you would feel if you did the kind act yourself. That’s what I noticed in myself. Then I started using guided meditation on the app and managed a streak of 180 days.”

The Black Lotus app features guided meditation sessions that include:

• In-depth guidance about how to meditate correctly and hurdles in meditation.
• Breathing exercises
• Yoga Nidra, great for sleep
• Users’ stories of their encounters with everyday kindness.
• Humor at the completion of each day.
• Ability to maintain a habit of meditation

In India, meditation is still in the realm of spirituality and not in technology or business. Black Lotus app brings the best of both worlds to ensure a meditative lifestyle in the hands of the modern Indian audience. The app provides purpose-specific meditations and comes with goal packs that are particularly geared at achieving one outcome at a time. The Black Lotus app also has a separate program for students and working professionals.

As part of the Black Lotus annual celebrations, the application has also announced a special limited period offer for the month of August 2021, where users can access the premium content for free by using a special code NOW while registering on the app.

The need for intense meditation is only going to increase as the stress levels of the outside world increases. So if you are looking to make meditation an extensive part of your lifestyle and are prepared for intense practice sessions, Black Lotus might be the way to go. So that you know, the next time, you are neither a misled soul nor a misguided meditator.

You can download the Black Lotus app at www.blacklotus.app

New Delhi, August 5: The go-to retail destination for all things fashion and style, Nykaa Fashion is always there to help you pick what’s best for you. When you want to step it up a notch, look no further than the Nykaa Fashion Luxe Store, a platform that curates the finest names for the world of Indian fashion.

Get your hands on the pieces you’ve been waiting for with a first-of-its-kind shopping fiesta, BOLD – Big On Luxe Deals, along with free gifts and personalisation options. From dresses to lehengas, shoes to shirts, carefully selected curations of designer pieces are finally on unique offers for you.

What’s in store for you? Some of the season’s hottest designers including Payal Singhal, Twinkle Hanspal, Gulabo, Pallavi Swadi, and more are offering complimentary face masks with every purchase. To make your shopping experience more special, names like Tanned, Perona, Adisee, and Gopi Vaid have introduced personalized accessories on the online store. Expect many other surprise gifts along with your purchases exclusively during the offer period, plus explore your favourite designer labels on discounts up to 65% under the one-stop Luxe shop.

There’s more. Instagram stars, Mitali Patel and Summiyya Shah from the House of MISU curate their most-wanted picks from the Luxe store for the upcoming season. Known for their exquisite taste in all things luxury, catch the new-age content creators decode the latest festive fashion in a live conversation on Instagram.

Gear up for BOLD on Nykaa Fashion Luxe, packed with irresistible offers and fashion-focused curations to guide you to invest in the best.

Now live from August 6th – 9th, 2021 on the Nykaa Fashion app and web store.

Vertically integrated global home shopping company launches Catapult to bring innovative products to market in record time

New Delhi [India], August 5: Fast-growing vertically integrated electronic retailer Vaibhav Global Limited (VGL), parent company to Shop LC in US & Germany and TJC in UK, launches their latest global initiative named “Catapult”. This new program is set to find Product creators, Innovators, and Entrepreneurs with exciting products which will be then launched on the TV channels of Shop LC in US/Germany & Shop TJC in UK in record time. Catapult is employing a fast-track product launch scheme to accelerate speed-to-market. The Catapult team is partnering with RangeMe, the industry-standard online product sourcing platform for retailers and suppliers from around the world.

“Our advantage is our vertical integration. Apart from the ability to launch ready products onto our channels, we can also offer our manufacturing capabilities, eliminating months from the standard production timelines. We want to do this keeping in mind our customers-to whom we can reach with newer products with quick speed to market, especially for the upcoming holiday season.” Says Mr. Kulathendral, Head of Innovation, VGL.

Product Innovators who make the cut may be considered for:

• Exposure on up to three home-shopping networks tallying over 119-Million Households in the US, UK, and Germany
• Be a guest host on LIVE TV
• Share of Sales
• Rapid Launch Production Scheme

Catapult is looking for ideas in jewellery, apparel, home, beauty, fitness, accessories, and culinary/kitchen.

For consideration, submit ideas before August 18^th, 2021, 11:59 PST. Click this link to apply. SHOP LC or TJC

Headquartered in Austin, Texas, Shop LC, is a wholly-owned subsidiary of Vaibhav Global Ltd. (VGL), a vertically integrated company with global sourcing and manufacturing capabilities. Shop LC is a value-conscious, interactive retailer focused on fine jewellery, beauty, fashion, home decor, and lifestyle product categories. Established in 2007, Shop LC reaches approximately 77 million U.S. households via

high-definition programming offered live 24 hours a day, seven days a week, 365 days a year. For more information visit www.shoplc.com and download the interactive app on iTunes, Google Play, or any other streaming devices or televisions.

Headquartered in London, UK, Shop TJC, is a wholly-owned subsidiary of Vaibhav Global Ltd. (VGL), a vertically integrated E-retailer with global sourcing and manufacturing capabilities. Shop TJC, through its E-retailing in UK specialises in jewellery, home, beauty, fashion, gemstones, and other lifestyle accessories. Established in 2006, Shop TJC reaches ~25 million UK households via live Television shows 24 hours a day, seven days a week, 365 days a year. For more information visit http://www.tjc.co.uk and download the interactive app on iTunes, Google Play, or any other streaming devices or television.

RangeMe, an ECRM company, is the leading online platform that streamlines new product discovery between suppliers and retailers. The platform empowers retail buyers to efficiently discover innovative and emerging products while streamlining the inbound product submission process. For product suppliers, RangeMe enables them to grow their retail relationships with a platform that gives them the tools to manage their products, market their brand, and build awareness. Now integrated into the ECRM product offering, RangeMe adds increased breadth and depth to the industry’s most complete sourcing solution for top retailers and product suppliers in the US.

Aug 4: Last year and a half have been a sky-rocketing journey for equity markets, mutual funds, and all the brokers and investors. The returns almost closed at 40% minimum, encouraging more and more people to invest. Honestly, successful investing is all about managing your risks and not avoiding them. With the assistance of a financial expert, one can take the investment leap.

Booking timely profits or losses is the key to a successful investment journey. The big money isn’t always about buying or selling but waiting for the right opportunity. There are industry experts like Prateek Toshniwal who understands numbers and the investment world better. Prateek Toshniwal, a professional Chartered Accountant says that one should always diversify their portfolio rather than investing in a single source. As a passionate Investor, Financial Advisor, Tax & Business Consultant, Networker, Entrepreneur, and BizLeader, he believes that failure is the biggest reason for growth and the more one fails the more you get to taste success.

The present needs must be fulfilled with business income and future portfolio diversification – FDs, PPFs, Bonds, Mutual Funds, Equities, and Start-ups. Having said that, financial experts like Prateek Toshniwal mention that one should avoid the mistake of over-thinking. If you know about the stocks you are holding, go with the flow of your understanding and if not, enter and exit based on your gut feelings, otherwise, you will end up having nothing. Secondly, avoid investing with an aim of minting money. You must invest in several ideas and portfolios that will serve you well in generating several sources of minting money. Hedging is a better strategy than staying in open positions.

Insurance & Investments are the pillars of entrepreneurs’ life cycle. Entrepreneurs who have all of it covered succeed and the rest suffer. A lot of people might wonder why they need to insure or plan for future earnings. Well, this is to help your loved ones from not going bankrupt and giving them a secured future. Besides, with the rising expenses, one cannot completely rely on a primary source of income. One should consider a secondary source of income and what better than investing in FDs, PPFs, Bonds, Mutual Funds, and Equities.

If you believe in health and wellness why not in financial wellness? A lot of time is spent on health and wellness but none on financial wellness. Spend good on financial wellness too and you will see a change in your income too. Believe it or not, Financial literacy is very important and everyone must upgrade themselves to be financially sound.