Brand

Brand

Carlson Noida gets Radisson brand

Carlson Rezidor Hotel Group upgraded and rebranded its existing Noida Sector 55 property to Radisson. Radisson Noida had been operating under the banner of Park Plaza since 2008.
According to the company, the rebranded property will enjoy a plethora of benefits for its strategic location.
“Delhi NCR is a key market for us and Noida remains a promising destination backed by thriving corporates,” said Raj Rana, CEO, South Asia at Carlson Rezidor Hotel Group. Raj has been with the company since 1991 and has served key positions in Europe and the US.

Snapdeal-Flipkart merger likely today as Nexus almost on board

Snapdeal-Flipkart merger could well be officially announced on Wednesday. Nexus Venture Partners, one of the early investors in Snapdeal, has nearly agreed to end the impasse with regard to the merger. Though a few more details are to be ironed out, a formal agreement is most likely to be made in the coming days if not on Wednesday, sources privy to the development said.

This high-tech speaker proves that everything old is new again

“There is no such thing as ‘high fidelity,’” said the late audio pioneer Paul Klipsch. “Either you’ve got fidelity, or you’ve got infidelity.” It’s a quote that illustrates the core philosophy of Klipsch’s eponymous Indiana-based speaker company, which has remained in the vanguard of home audio for more than 70 years.

CashKaro, Yes Bank Launch Card-Linked Offers

Cashback and coupons player CashKaro.com announced partnership with Yes Bank, to launch cashback Card Linked Offers (CLO).
Rohan Bhargava, Co-founder, CashKaro.com says, “We are thrilled to have this opportunity to change the savings experience of millions, especially as CLOs will enable customers to save on both online and offline purchases. Card Linked Offers enable customers to earn cashback in a seamless manner that reflects into their bank accounts instantly.”

Western shoppers are fuelling a bounce in Made-in-Asia goods

Sanjay Janghala walks across a humming factory floor as employees of Orient Craft Ltd stitch together women’s blouses and embroidered dresses.
“That’s for Ann Taylor, that’s for Gap,” said Janghala, the factory head, before stopping to pick up a white dress. “This is for J Crew. This is all value added. This is all cut by hand.”

Sales pitch: Innovation, pricing, Ramdev ads & swadeshi

Patanjali, according to many FMCG experts and brand gurus, has been a runaway success and played a pivotal role in the success of ayurveda products. The company has forced rivals – both domestic and MNCs – to include ayurveda/naturals as an integral part of their portfolio.

THE DISRUPTOR

The emergence of Patanjali as an FMCG trailblazer has coincided with a diminution of the customer base of many of its rivals among whom count big multinationals and desi giants.
Financial Chronicle flips through research reports of equity brokerage firms and banks to analyse the trend and road ahead for Patanjali. Last week, Baba Ramdev, the main pillar of the group, and Acharya Balkrishan, the CEO, announced a turnover of Rs 10,561 crore for the year-ended March 31, 2017, placing it only second to Hindustan Unilever (HUL), among FMCG companies operating in India.

Parag Milk Foods launches fruit juice

Milk producer Parag is entering the high-growth fruit-based beverages market with intentions to achieve double-digit market share in mango drink category in five years. Initially launched in four cities, brand ‘Slurp’ will be rolled out nationally after three months.

Tesla plugs older Model S as new buyers turn to Model 3

Alexandria Sage
Electric-car maker Tesla Inc reported first-quarter revenue that more than doubled, and while saying the upcoming Model 3 was on schedule for July, it downplayed the mass-market vehicle to give a sales pitch for its more expensive Model S.
Chief Executive Elon Musk’s bold approach to cars, space exploration and clean energy has fueled investor enthusiasm for Tesla. But skeptics are waiting to see if Musk can fulfill his promise of producing 500,000 cars per year in 2018, or six times Tesla’s 2016 production.

Ola raises Rs 670cr from Tata-backed fund

SoftBank-backed Ola has raised Rs 670 crore ($104.4 million) in fresh funding from investors including UC-RNT Fund, a venture between the University of California and Ratan Tata. While UC-RNT Fund has pumped in Rs 267.99 crore, another Rs 402 crore has been infused by FO Mauritius I, according to regulatory filing by ANI Technologies – which runs Ola.
But the valuation of the company benchmarked ag­a­i­nst the fresh round of funding could not be ascertained. The said shares were allotted to the investors on March 31, 2017.
An email sent to the firm remained unanswered.

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