Category: Business

  • MSME Home Textile Sector Deeply Impacted With Spiralling Cotton Yarn Prices – Primex News Network

    MSME Home Textile Sector Deeply Impacted With Spiralling Cotton Yarn Prices – Primex News Network

    Mumbai (Maharashtra) [India], May 26: Prospects for the Home Textile Sector to achieve the target set this year is extremely difficult despite the fact that the Industry had opened up entirely after the second wave of the Covid-19 Pandemic. The Home Textile Sector mainly comprises MSMEs.

    The Government of India has been highly Supportive. It has announced several measures like CGS, Loan Restructuring Measures, Moratorium, Deferment of interest Payments, ECLGS as well as CGTMSE for MSMEs on account of the impact of Covid -19 Pandemic.

    Mr. Amit Ruparelia, Convener of Made-Ups Exporters Forum, stated, “The main reason for the problem to achieve the target has been spiralling cotton yarn prices. Post the second wave of the Pandemic, there had been very good all-around demand for Value Add Products such as Home Textiles,  Apparels and the sector was fully geared up to meet the demand; however, during the same period, the millers started increasing the prices for Cotton Yarns even though the Raw Cotton prices were stable and at a later stage the cotton price too rose tremendously affecting the business of entire value chain segment”.

    The situation presently is extremely precarious with Value Chain Segment not only having to lose businesses but also the Market Share in countries like the USA. It is also now heading for closure of several MSME units unable to continue with unprecedented high prices of cotton yarns, resulting in severe JOB Losses.

    The Government of India has been monitoring the situation. It has stated during the last stakeholders’ meeting that unless the supply chain ensures security for the supply of raw material at lower prices for the value chain to compete and obtain business, it may choose to withdraw benefits on exports of the cotton yarn and impose duties on exports of raw material if needed.

    However, so far, no correction has been observed. It appears that the Government may have to resort to ensuring corrective measures; sadly, the value chain segment is heading slowly towards demise in the form of capital and job losses.

  • MSME Home Textile Sector Deeply Impacted With Spiralling Cotton Yarn Prices

    MSME Home Textile Sector Deeply Impacted With Spiralling Cotton Yarn Prices

    Read Time:1 Minute, 44 Second

    Mumbai (Maharashtra) [India], May 26: Prospects for the Home Textile Sector to achieve the target set this year is extremely difficult despite the fact that the Industry had opened up entirely after the second wave of the Covid-19 Pandemic. The Home Textile Sector mainly comprises MSMEs.

    The Government of India has been highly Supportive. It has announced several measures like CGS, Loan Restructuring Measures, Moratorium, Deferment of interest Payments, ECLGS as well as CGTMSE for MSMEs on account of the impact of Covid -19 Pandemic.

    Mr. Amit Ruparelia, Convener of Made-Ups Exporters Forum, stated, “The main reason for the problem to achieve the target has been spiralling cotton yarn prices. Post the second wave of the Pandemic, there had been very good all-around demand for Value Add Products such as Home Textiles,  Apparels and the sector was fully geared up to meet the demand; however, during the same period, the millers started increasing the prices for Cotton Yarns even though the Raw Cotton prices were stable and at a later stage the cotton price too rose tremendously affecting the business of entire value chain segment”.

    The situation presently is extremely precarious with Value Chain Segment not only having to lose businesses but also the Market Share in countries like the USA. It is also now heading for closure of several MSME units unable to continue with unprecedented high prices of cotton yarns, resulting in severe JOB Losses.

    The Government of India has been monitoring the situation. It has stated during the last stakeholders’ meeting that unless the supply chain ensures security for the supply of raw material at lower prices for the value chain to compete and obtain business, it may choose to withdraw benefits on exports of the cotton yarn and impose duties on exports of raw material if needed.

    However, so far, no correction has been observed. It appears that the Government may have to resort to ensuring corrective measures; sadly, the value chain segment is heading slowly towards demise in the form of capital and job losses.

    The post MSME Home Textile Sector Deeply Impacted With Spiralling Cotton Yarn Prices appeared first on Republic News Today.

  • Empyrean Cashews betting big on growth

    Empyrean Cashews betting big on growth

    Read Time:1 Minute, 39 Second

    Mumbai, May 25: Empyrean Cashews Limited, a leading firm engaged in processing raw cashew nuts into finished cashew kernels with different grades and flavours aim to create a strong brand presence and hence is planning to set up 4 COCO outlets in Goa in Q2 FY23. In a bid to capture higher retail customers, the company is planning to widen its digital footprint and will be starting its own e-commerce portal in FY23.

     

    Empyrean Cashew Ltd went public in March 2022, and in its first earning post listing, the firm has created strong value for its investors, with its EPS jumping by 393%, touching 2.27 in FY22. The firm has posted strong growth in business, driven by robust demand and higher volumes. The firm’s revenue grew by 101%, touching Rs 12.41 cr for Q4FY22 and Rs 52.2cr for FY22 (82% growth Y-o-Y). On the back of better realisation the firm’s EBITDA margin expanded by 2.1%, touching 13.3% in FY22.  

     

    Cementing on its growth:

    Aparna Bangar, Chairperson & Managing Director, Empyrean Cashews Limited, said, “The Company has shown very strong performance for March 2022. We are confident that brand ‘Krishival’ will keep growing its footprints across India and cement its position as a leader in the nuts and healthy food segment.“

     

    The Company is progressing firmly on its growth path, and in order to bolster its growth, it aims to expand its footprint to over 100 tier II and tier III cities in FY23 from 42 cities currently. The company is also looking to enhance its production capacity, and one of its subsidiaries has recently been allotted a 5- acre plot in Halkarni, MIDC in Kolhapur district, which is adjacent to its existing processing units. This plot will be utilised for setting up an additional ultra-modern processing unit which will help the Company accelerate growth and significantly improve its capacity and capability for processing other dry fruits along with cashew nuts.

    The post Empyrean Cashews betting big on growth appeared first on Republic News Today.

  • Kamal Haasan reveals Vikram NFTs in Cannes – Primex News Network

    Kamal Haasan reveals Vikram NFTs in Cannes – Primex News Network

    Mumbai, 25th May 2022: Kamal Haasan is the first Indian actor to lay the foundation for his Metaverse debut on VistaVerse. VistaVerse is hosting its inaugural metaverse ‘Experience’ as a first of a growing lineup, a few of which will be revealed at the Cannes Film Festival this year. Incubated by Vistas Media Capital, which also launched India’s first curated, celebrity & fan engagement platform Fantico, VistaVerse is set to be home to a whole suite of the best of web3, including virtual land, NFTs, and games. The Vikram World is a collaborative effort between Lotus Meta Entertainment and Raaj Kamal Films International’s much−awaited movie, Vikram. The movie stars the inimitable trio of Kamal Haasan, Vijay Sethupathi, and Fahadh Faasil. This Lokesh Kanagaraj directorial has its music composed by Anirudh and is produced by Kamal Haasan and R Mahendran.

    Kamal Haasan revealed Vikram NFTs on VistaVerse, at Festival Des Cannes 2022 to the entire global film fraternity. The NFTs are loaded with various privileges, exclusive access to experiences, interaction with the cast and crew in person, and tangible benefits to the buyers. These NFTs also provide access to rare artwork from the movie, personalized digital avatars, props, posters, mystery boxes, film memorabilia, fan interaction moments, and private screenings, along with access to attend the travelling VistaVerseDome party that will give the NFT holders exclusive attendance rights to the parties.

    VistaVerse has a fast-growing list of signups from major celebrities, brands, musicians, gaming companies, artists, and production houses in India to offer a one-stop experience of a comprehensive metaverse.

    Commenting on the Vistaverse and first-ever NFT drop, Abhayanand Singh, Group CEO of Vistas Media Capital, states, “We are thrilled to announce the launch of the Vikram NFTs in VistaVerse which will solely be the first utility-based NFT platform in India which will benefit multiple owners. VistaVerse believes itself to be India’s first realistic and tangible metaverse, endorsed by 350 creative enthusiasts across all the 7 Vistas Media Capital portfolio.”

    Commenting on the launch of Vistaverse and the first-ever NFT drop, veteran actor Kamal Haasan said, “It has been my privilege to be associated with VistaVerse. We have long waited for this moment to launch the NFTs of Vikram. VistaVerse has effortlessly created a location that will bridge the gap between fans and ardour their talent in a language assembled on the platform, which the youth can easily link with. We aim to capitalize on the associated virtual reality and metaverse stocks to benefit from the newly accumulated and hyped digital world.

     About Vistaverse:

    VistaVerse, launched by Fantico Pte Ltd, is a brand incubated by Vistas Media Capital (VMC). VMC is a leading media content and technology company headquartered in Singapore that operates and invests in ventures across the various ecosystems of the global media and entertainment industry. VMC’s businesses and venture investments are diversified across global content production and distribution, streaming platforms, animation & VFX studio, Blockchain technology & Metaverse applications, gaming, digital media marketing, events and award IPs.

    For more details, please visit the official website: https://vikram.vistaverse.io/

  • Swarnendu Bhushan’s Debut Fiction, Mir Qasim’s Tunnel, Unveils Secrets of the Ancient Times – Primex News Network

    Swarnendu Bhushan’s Debut Fiction, Mir Qasim’s Tunnel, Unveils Secrets of the Ancient Times – Primex News Network

    Swarnendu Bhushan launches Debut Fiction – Mir Qasim’s Tunnel

    India, May 25: Swarnendu Bhushan announced the release of his fiction thriller, Mir Qasim’s Tunnel, a novel based on the culture and heritage of Bihar’s Munger district. The Delhi-based publishing house has published the book – TreeShade Books and has been launched simultaneously across online and offline stores all over India.

    The book offers a blend between history and fiction with Munger’s history, ancient stories, and folklore. The story revolves around the three protagonists, Shakti, Binod, and Rakesh, who give in to their curiosity about the mysteries that lie beneath the city of Munger and go on a quest to unravel a few of the most debatable secrets of Ramayana in a present-day adventure. The author aims to highlight his hometown and shed light on its rich history with this book. Munger is known to be of great importance in Ramayana and Mahabharata and British and Mughal eras. Its historical site, Mir Qasim’s Tunnel, remains mysterious and unexplored.

    “Mir Qasim’s Tunnel is inspired by the living legends around ancient sites of the historic city of Munger. Growing up in Munger, I would often hear several stories passed on from generations about the city’s historical relevance. I always wanted to highlight the history of my hometown in some way or the other. And then, my interest in writing germinated when I was writing research reports for institutional investors, advising them on managing their investments. That’s when I realized that the art of conveying was as important as the subject. I’m sure this book would take readers into ancient times through a modern-day adventure full of mystery and intrigue”, said Swarnendu Bhushan, speaking on the book’s nationwide unveiling.

    “Swarnendu’s latest book Mir Qasim’s Tunnel, is an engrossing tale of three youngsters as they explore the mysterious tunnel in the city of Munger. Swarnendu is a gifted storyteller and has produced a brilliant thriller with a twist of mythology that keeps the readers on edge throughout”, said Vikas Misra, Chief Editor & Vice President – Publishing at TreeShade Books.

    Swarnendu is a technocrat-turned-finance professional and a profound believer in higher education with master’s degrees from the National University of Singapore and Indian School of Business after completing his IIT graduation. The author’s hometown is Munger, which laid the groundwork for the plot and was further influenced by the stupendous history of India and the arcanum of its past.

    To get a copy of the book, please visit: https://www.treeshadebooks.com/our-books/mir-qasims-tunnel/

  • We The Chefs’ (WTC) collaboration with O-Fish heralds the beginning of the finest frozen seafood delivery at your doorstep – Primex News Network

    We The Chefs’ (WTC) collaboration with O-Fish heralds the beginning of the finest frozen seafood delivery at your doorstep – Primex News Network

    One-Stop Destination for heavenly food experiences served on your platter

    Gurugram (India), May 25: We The Chefs is a one-stop online destination for food that caters to anyone who loves devouring good healthy food. As India’s fastest-growing community of food lovers, it is also meant for all those who want to share their passion for cooking with everyone. In a recent tie-up with O-Fish, the platform will also provide options for the best quality seafood in the country. The multi-year partnership will see O-fish sell products through We The Chefs across Delhi NCR. This partnership allows ‘We The Chefs’ to exclusively deliver O-fish products. The products available have been handpicked by specialists with years of experience in consistently providing the highest quality standard.

    On this partnership, Ashish Kumar, Co-Founder, O-Fish, said, “This is a Win-Win initiative for both the companies. It helps enhance availability and allows us to associate with a company with a similar vision of providing hygienic seafood to the customers. Given that the frozen supply chain in India is evolving leveraging the existing ecosystem to expand reach at optimized cost will continue to remain a focus area. Our objective is to be the catalyst in bringing a unique option to food lovers by providing authentic home-cooked Indian and international cuisines across India.”

    Vishal Sinha, Founder, We The Chefs, too was confident of tasting the phenomenal success of their collaborative efforts and said, “We have studied the market and have done extensive research on the numerous options available to consumers in India. This partnership will enable us to deliver a very strong range of O-fish products, including epicureans’ favourites, such as Silver pomfret, Crab, Salmon, Maha Jumbo XL Prawns, Chettinad Fish Fillet, Surmai Fillets and many other lip-smacking delights to the customers’ doorstep. We are aware that convenient delivery as a trend is growing across the country as consumers become more aware whilst having lesser time on their hands due to a busy lifestyle, and we are confident that our consumer-centricity and extensive reach will complement our capabilities to enhance the overall value offering for the customers.”

    About We The Chefs

    Located in Delhi NCR with more than a hundred chefs on board, the company’s vision is to automate the processes for home chefs that would, in time, convert to empowerment and financial gains. The organisation caters to a work-friendly environment that fosters transparency in services with no hidden costs.  For a customer, if you’re looking for a hard-to-find cuisine or a dish, the platform gives you the flexibility to find it and gives economic empowerment at a massive scale due to the network effect.

  • We The Chefs’ (WTC) collaboration with O-Fish heralds the beginning of the finest frozen seafood delivery at your doorstep

    We The Chefs’ (WTC) collaboration with O-Fish heralds the beginning of the finest frozen seafood delivery at your doorstep

    Read Time:2 Minute, 18 Second

    One-Stop Destination for heavenly food experiences served on your platter

    Gurugram (India), May 25: We The Chefs is a one-stop online destination for food that caters to anyone who loves devouring good healthy food. As India’s fastest-growing community of food lovers, it is also meant for all those who want to share their passion for cooking with everyone. In a recent tie-up with O-Fish, the platform will also provide options for the best quality seafood in the country. The multi-year partnership will see O-fish sell products through We The Chefs across Delhi NCR. This partnership allows ‘We The Chefs’ to exclusively deliver O-fish products. The products available have been handpicked by specialists with years of experience in consistently providing the highest quality standard.

    On this partnership, Ashish Kumar, Co-Founder, O-Fish, said, “This is a Win-Win initiative for both the companies. It helps enhance availability and allows us to associate with a company with a similar vision of providing hygienic seafood to the customers. Given that the frozen supply chain in India is evolving leveraging the existing ecosystem to expand reach at optimized cost will continue to remain a focus area. Our objective is to be the catalyst in bringing a unique option to food lovers by providing authentic home-cooked Indian and international cuisines across India.”

    Vishal Sinha, Founder, We The Chefs, too was confident of tasting the phenomenal success of their collaborative efforts and said, “We have studied the market and have done extensive research on the numerous options available to consumers in India. This partnership will enable us to deliver a very strong range of O-fish products, including epicureans’ favourites, such as Silver pomfret, Crab, Salmon, Maha Jumbo XL Prawns, Chettinad Fish Fillet, Surmai Fillets and many other lip-smacking delights to the customers’ doorstep. We are aware that convenient delivery as a trend is growing across the country as consumers become more aware whilst having lesser time on their hands due to a busy lifestyle, and we are confident that our consumer-centricity and extensive reach will complement our capabilities to enhance the overall value offering for the customers.”

    About We The Chefs

    Located in Delhi NCR with more than a hundred chefs on board, the company’s vision is to automate the processes for home chefs that would, in time, convert to empowerment and financial gains. The organisation caters to a work-friendly environment that fosters transparency in services with no hidden costs.  For a customer, if you’re looking for a hard-to-find cuisine or a dish, the platform gives you the flexibility to find it and gives economic empowerment at a massive scale due to the network effect.

    The post We The Chefs’ (WTC) collaboration with O-Fish heralds the beginning of the finest frozen seafood delivery at your doorstep appeared first on Republic News Today.

  • Swarnendu Bhushan’s Debut Fiction, Mir Qasim’s Tunnel, Unveils Secrets of the Ancient Times

    Swarnendu Bhushan’s Debut Fiction, Mir Qasim’s Tunnel, Unveils Secrets of the Ancient Times

    Read Time:2 Minute, 13 Second

    Swarnendu Bhushan launches Debut Fiction – Mir Qasim’s Tunnel

    India, May 25: Swarnendu Bhushan announced the release of his fiction thriller, Mir Qasim’s Tunnel, a novel based on the culture and heritage of Bihar’s Munger district. The Delhi-based publishing house has published the book – TreeShade Books and has been launched simultaneously across online and offline stores all over India.

    The book offers a blend between history and fiction with Munger’s history, ancient stories, and folklore. The story revolves around the three protagonists, Shakti, Binod, and Rakesh, who give in to their curiosity about the mysteries that lie beneath the city of Munger and go on a quest to unravel a few of the most debatable secrets of Ramayana in a present-day adventure. The author aims to highlight his hometown and shed light on its rich history with this book. Munger is known to be of great importance in Ramayana and Mahabharata and British and Mughal eras. Its historical site, Mir Qasim’s Tunnel, remains mysterious and unexplored.

    “Mir Qasim’s Tunnel is inspired by the living legends around ancient sites of the historic city of Munger. Growing up in Munger, I would often hear several stories passed on from generations about the city’s historical relevance. I always wanted to highlight the history of my hometown in some way or the other. And then, my interest in writing germinated when I was writing research reports for institutional investors, advising them on managing their investments. That’s when I realized that the art of conveying was as important as the subject. I’m sure this book would take readers into ancient times through a modern-day adventure full of mystery and intrigue”, said Swarnendu Bhushan, speaking on the book’s nationwide unveiling.

    “Swarnendu’s latest book Mir Qasim’s Tunnel, is an engrossing tale of three youngsters as they explore the mysterious tunnel in the city of Munger. Swarnendu is a gifted storyteller and has produced a brilliant thriller with a twist of mythology that keeps the readers on edge throughout”, said Vikas Misra, Chief Editor & Vice President – Publishing at TreeShade Books.

    Swarnendu is a technocrat-turned-finance professional and a profound believer in higher education with master’s degrees from the National University of Singapore and Indian School of Business after completing his IIT graduation. The author’s hometown is Munger, which laid the groundwork for the plot and was further influenced by the stupendous history of India and the arcanum of its past.

    To get a copy of the book, please visit: https://www.treeshadebooks.com/our-books/mir-qasims-tunnel/

    The post Swarnendu Bhushan’s Debut Fiction, Mir Qasim’s Tunnel, Unveils Secrets of the Ancient Times appeared first on Republic News Today.

  • Kamal Haasan reveals Vikram NFTs in Cannes

    Kamal Haasan reveals Vikram NFTs in Cannes

    Read Time:2 Minute, 36 Second

    Mumbai, 25th May 2022: Kamal Haasan is the first Indian actor to lay the foundation for his Metaverse debut on VistaVerse. VistaVerse is hosting its inaugural metaverse ‘Experience’ as a first of a growing lineup, a few of which will be revealed at the Cannes Film Festival this year. Incubated by Vistas Media Capital, which also launched India’s first curated, celebrity & fan engagement platform Fantico, VistaVerse is set to be home to a whole suite of the best of web3, including virtual land, NFTs, and games. The Vikram World is a collaborative effort between Lotus Meta Entertainment and Raaj Kamal Films International’s much−awaited movie, Vikram. The movie stars the inimitable trio of Kamal Haasan, Vijay Sethupathi, and Fahadh Faasil. This Lokesh Kanagaraj directorial has its music composed by Anirudh and is produced by Kamal Haasan and R Mahendran.

    Kamal Haasan revealed Vikram NFTs on VistaVerse, at Festival Des Cannes 2022 to the entire global film fraternity. The NFTs are loaded with various privileges, exclusive access to experiences, interaction with the cast and crew in person, and tangible benefits to the buyers. These NFTs also provide access to rare artwork from the movie, personalized digital avatars, props, posters, mystery boxes, film memorabilia, fan interaction moments, and private screenings, along with access to attend the travelling VistaVerseDome party that will give the NFT holders exclusive attendance rights to the parties.

    VistaVerse has a fast-growing list of signups from major celebrities, brands, musicians, gaming companies, artists, and production houses in India to offer a one-stop experience of a comprehensive metaverse.

    Commenting on the Vistaverse and first-ever NFT drop, Abhayanand Singh, Group CEO of Vistas Media Capital, states, “We are thrilled to announce the launch of the Vikram NFTs in VistaVerse which will solely be the first utility-based NFT platform in India which will benefit multiple owners. VistaVerse believes itself to be India’s first realistic and tangible metaverse, endorsed by 350 creative enthusiasts across all the 7 Vistas Media Capital portfolio.”

    Commenting on the launch of Vistaverse and the first-ever NFT drop, veteran actor Kamal Haasan said, “It has been my privilege to be associated with VistaVerse. We have long waited for this moment to launch the NFTs of Vikram. VistaVerse has effortlessly created a location that will bridge the gap between fans and ardour their talent in a language assembled on the platform, which the youth can easily link with. We aim to capitalize on the associated virtual reality and metaverse stocks to benefit from the newly accumulated and hyped digital world.

     About Vistaverse:

    VistaVerse, launched by Fantico Pte Ltd, is a brand incubated by Vistas Media Capital (VMC). VMC is a leading media content and technology company headquartered in Singapore that operates and invests in ventures across the various ecosystems of the global media and entertainment industry. VMC’s businesses and venture investments are diversified across global content production and distribution, streaming platforms, animation & VFX studio, Blockchain technology & Metaverse applications, gaming, digital media marketing, events and award IPs.

    For more details, please visit the official website: https://vikram.vistaverse.io/

    The post Kamal Haasan reveals Vikram NFTs in Cannes appeared first on Republic News Today.

  • How Paydeer changed the outlook of financial services in Rajasthan- A view – Primex News Network

    How Paydeer changed the outlook of financial services in Rajasthan- A view – Primex News Network

    May 25: Paydeer has become one of the beloved services of Rajasthan, with several people associating with the Paydeer family either as a distributor, retailers, alliance officers, or purely as a customer. These citizens had very little or no means of financial services and had to travel to cities for transactions or resort to paying up middlemen who charged hefty fees. Across several villages, towns, and suburban regions, you will see that Paydeer has been able to bring so much convenience to people.

    Having started operations in 2020, Paydeer has reached thousands of people. This was the vision Vinay Parihar had set to achieve. Along the way, he realized that the people of the entire country needed such a facility, and his mission is now to make Paydeer available to the entire nation. To date, Paydeer has connected with more than 350 distributors and over 20,000 retailers. Paydeer has been able to cover ground in more than 33 districts and trying to reach every remotest corner. With 1200+ employees, 150 area officers, and 800 alliance officers working 24/7 to provide the best financial services, Paydeer is also working to scale up with several other value-added services.

    Paydeer users have it all easy for them because this Fintech service has brought everything to your fingertips and the easy access means you aren’t dependent on anyone. You can sit at home and get both your DTH and phone charged with our services. You can go on to book your travel reservations either by road, air, or rail on your device with Paydeer to assist you every step of the way. Paydeer has gone to great lengths to create awareness about online finances by attending seminars that enable people to know more about Paydeer and its services. It will also give people a ray of hope to earn extra money by associating themselves with Paydeer Financial Services Pvt. Ltd.

    Knowing about the services of Paydeer will enable you to use its services more effectively and make your life easier. You can be part of the educative and regularly held seminars that will allow you to fully understand how Paydeer can better your lives and why you should register with Paydeer to benefit more. You could also be a distributor, retailer, or even a store owner and be part of Paydeer and enable your finances and grow along with Paydeer.

    For you to attend Paydeer seminars, you need to register in advance. You will then be formally invited to be part of this grand event, which will encourage you to utilize online finances and be part of Paydeer. This Fintech has revolutionized financial services in Rajasthan to a whole new level, enabling a social change in the way how finances are seen. Paydeer has empowered people in so many ways than one through this venture and brought confidence in making financial decisions regarding availing loans, buying insurance, and getting a Pan card. As part of seminars, Paydeer has never let go of our participants empty-handed and put up some exciting prizes to take home so that they can cherish being associated with Paydeer always.