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 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.

Mahindra pulls the plug on electric car sales in UK

dra & Mahindra has stopped selling electric cars in the United Kingdom due to weak sales and is winding up sales operations there, according to a document seen by Reuters, in a new setback to the Indian automaker's global ambitions.
Mahindra's decision comes less than a year after it launched the e2o car in a market it considered a launchpad for selling electric cars in European countries like Norway, Sweden and the Netherlands.

Investors chase housing fin stocks at near lifetime highs

Most housing finance company stocks are near their life time highs as investors make a beeline for these companies against the backdrop of the massive housing demand in the world’s fastest growing large economy.
An analysis of returns given by stocks of top housing finance companies (HFCs) by market capitalisation shows year-to-date (YTD) returns of top HFCs to be in the range of 30 to 90 per cent. Their annual returns are even better, and in the range of 45 per cent to 125 per cent.

Affordable housing pushes growth in HFCs

As the government makes an all-out effort to ensure that the goals of ‘Affordable Housing for all by 2022’ are met, the housing finance sector is witnessing a big boost to its prospects. In addition, softening interest rates and correcting property prices are making investors bet big on housing finance companies.
With several housing finance companies (HFCs) focusing on the low income group customer segment, housing finance companies would benefit immensely from the scheme which would help accelerate their growth further.

Paytm may get $1.4b funding from SoftBank

SoftBank Group Corp is in talks to invest about $1.4 billion in India’s One97 Communications in a deal that would value the owner of the country’s largest digital-payments provider at about $7 billion, according to people familiar with the matter. The deal is not yet finalised and the terms may yet change, said the people, asking not to be identified because the matter is private. One97 Communications, whose Paytm unit has seen business surge ever since the government announced demonetisation last year, has also had discussions with two other investors, one of the people said.