Anil Rai Gupta is scripting the growth story of the Havells Group with strategic acquisitions, technology adoption and rural expansion Written By MANU BALACHANDRAN We want to be something like the Apple of electrical products. We want to be a premium mass electrical company: Anil Rai Gupta, chairman and managing director, Havells India Anil Rai Gupta is well into his fifth year at the helm of Havells. With each passing day, the 50-year-old can’t help but realise the striking similarities he shares with his father, Qimat Rai Gupta, when it comes to matters of running the ₹10,000 crore Havells Group.…
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Written By Sagar Malviya, ET Bureau MUMBAI: The world’s biggest furniture retailer Ikea sold goods worth about Rs 2 crore every day on an average in its first year of operations, crossing Rs 400 crore in FY19 total revenue from its maiden store opened last August. This is a revenue record for any brand in the country from just one store -and in its debut year - in a market otherwise considered extremely value conscious. Source: economictimes
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Written By Varuni Khosla NEW DELHI: Black Friday sale is catching up in India, with a spectrum of brands betting on the US ‘shopping day’ to lure discount-hungry consumers to make that impulsive purchase they'd been resisting. Many brands and retailers both offline and online, including H&M, Myntra, Shoppers Stop, Canali and RealMe are offering up to 50% discount on select products across their range for three days. At Palladium Mall in Mumbai, Reliance Brands-owned Canali, Salvatore Ferragamo, Emporio Armani, Brooks Brothers and Hugo Boss are offering up to 40% discount, while Aldo Shoes is giving flat 50% off. H&M…
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Himself vegetarian, Jaipuria's RJ Corp is banking on the KFC franchise game to bring in big business over the next decade Written By MANU BALACHANDRAN Ravi Jaipuria, Chairman, RJ Corp Image: Amit Verma Ravi Kant Jaipuria has always been a vegetarian. It’s been the family tradition, and Jaipuria didn’t want to deviate from that. At his palatial home in tony Lutyens’ Delhi, where he hosts legendary Holi parties, Jaipuria never serves non-vegetarian food. But business and personal sentiments are poles apart, and nobody knows it better than the 64-year-old. That’s why, two decades ago, he set out to serve non-vegetarian…
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Simran Lal and Raul Rai’s Nicobar stands with a distinct identity among home-grown fashion and lifestyle labels through a blend of Indian sensibilities with functional aesthetic. Written By DEBOJYOTI GHOSH Simran Lal and Raul Rai, founders, Nicobar. When Simran Lal and Raul Rai—co-founders of the fashion and lifestyle brand Nicobar—celebrated their 12th wedding anniversary recently, the two had a rather insightful chat. “Simran asked me to rate how the past 12 years have been. My reaction was, let’s keep it upbeat,” Rai says with a laugh. “She [Simran] wanted both of us to point out 12 things that stand out…
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