MATTLOOK COSMETICS DEBUTS 6.5 BILLION INDIAN COSMETIC & BEAUTY INDUSTRY

TAPS THE “BRIDGE TO AFFORDABLE & QUALITY COSMETICS RANGE” IN INDIA 

 Delhi headquartered MATTLOOK cosmetics have debuted in the India’s burgeoning 6.5 Billion beauty and cosmetics industry. The newly launched brand is poised to tap the huge opportunity available at the middle of the pyramid. With a  clear positioning value for money brand  and the products range at par with best of the international brands, MATTLOOK  cosmetics  has launched a wide range of cosmetics and make up products targeting  young women especially the working executives and college going students. Synonymous with quality and in vogue products at an achievable price scale MATTLOOK is fast creating a strong foothold, across the segments. The brand is being bullish to have a pan India presence in next 12 months, at present it has a strong 100 plus distribution points touching almost 5000 retailers across Delhi, UP, Punjab, Haryana, Himachal Jammu and Rajasthan etc. In the next phase the brand to strengthen its presence in southern and western markets. Besides, MATTLOOK will be available in modern trade, large general trade stores and e-com in big cities. The range starts at an attractive price point starting Rs 150 onwards. The entire product range of MATTLOOK is being outsourced through globally renowned manufactures from Taiwan, Singapore and China to provide the consumer authentic, tested and hygienic product at par with best of international brand.  The Company has set up a R & D and product design centre in Delhi which is responsible for product designing and testing before it hits the market. Sharing the idea behind the genesis of brand MATTLOOK Mr. Yashu Jain, Director, said, “Being a 3rd generation entrepreneur in the cosmetic trade our vision is to provide something unique to our consumer which they always aspire to have. Hence at Mattlook we are offering them a perfect amalgamation of quality and pricing.  The Indian cosmetic industry is on upward swing however, there is a huge vacuum when it comes to affordability for Indian middle income groups and with this brand we have tried to fill in this prevailing gap”

MATTLOOK plans to drive the unique pricing and quality proposition and invest appropriately across all mediums relevant to its target audience. With a thoughtful marketing plan that will span across activation’s and in-store presence through an engaging and all-encompassing campaign, the brand is aiming to strengthen its footprint in the makeup and beauty cosmetic segment.  

“To begin with we have launched over 150 products comprising  over 5000 variants, shades and colors  of lipstick, eyeliner, kohl, mascara, makeup kit, nail paint and complete cosmetic range in the makeup segment under the umbrella of MATTLOOK and very soon we will be rolling our next range of products designed for weddings and fashionista’s” Commenting on the Indian side of this industry Mr Jain said “Like the fashion and lifestyle sector the cosmetic sector too is experiencing an upward movement in India and is considered as one of the most diverse and energetic ones. Also with changing trends, customers are increasingly looking for value for money products which offer quality and keep pace with the fast changing trend. With this rapid change in market segmentation, we are focused on product innovations and at par quality but striking a perfect product price balance.

ROLLS OUT KENT’S NEXTGEN RO PURIFIERS

The Spiritual Guru Sri SriRavishankarJi along with Hema Malini inaugurated Kent’s new Manufacturing Facility in Noida Uttar Pradesh.Kent’s new facility is India’s largest RO Water Purifier manufacturing unit and with this facility, Kent RO will double its current capacity for RO water purifiers from5 lacs units a year to 10 lacs units a year. On this occasion, Kent RO also rolled out its range of Next Gen RO Water Purifiers with Digital Display of Purity. Next Gen RO Purifiers also come with an additional layer of security in the form of UV-LED protection in the storage tank. Independent labs have certified the efficacy of this technology by showing that even if bacteria enters the storage tank, which is highly unlikely, still the UV-LED in the storage tank is able to keep the purified water 100% pure. The inbuilt digital display panel showcases the real time efficiency level of water purifier such as balance filter life, mineral content in purified water, the flow rate of water & warning signals in case of malfunctioning. In his addressSri Sri Ravi ShankarJi remarked that air and water are the prime essence of human life. ”But unfortunately we have contaminated both water and air and one is not able to drink pure water & breathe pure air. The resources are getting polluted day by day. I am glad that Kent RO is going ahead with its mission to provide clean drinking water to the people beyond the geographical boundaries of this country,” he said. Dr. Mahesh Gupta, CMD, Kent RO Systems Ltd said, “With the opening of this plant in Noida we have taken our commitments towards pure water to a new high. We are dedicated towards the healthof our consumers and we aim to deliver quality products and services to customers across the globe. The expansion of our manufacturing base will also open up the door for employment andlocal sourcing and meet our growing demand” Spread on a total area of 23000 square meters & having a built up area of 3.5 lac square feet, Kent’s new manufacturing facility has been planned in phases. The newly inaugurated phase-1 of the plant, constructed at a cost of Rs.150 crores would undertake manufacturing of Next Gen range of RO purifiers. The new plant will fulfill capacity expansion and meet the increasing demand of India’s fast growing water purifiers market as well as international markets. With the state-of-the-art technology, the new plant will aim at increased localization and make world class Mineral RO technology affordable. Kent has 40% share of the RO Water purifier industry and with the new plant, Kent aims to increase the manufacturing capacity of the company, and increase its share, added Dr Gupta. The famous Film Actress and Kent’s Brand Ambassador, Hema Malini said that she is fortunate to have such a long association with a Brand which has taken its commitment to Purity at a new level. As a true market leader, Kent RO continues to provide cutting edge technology and enriching experiences to Indian consumers with its wide range of RO purifiers, Air purifiers and recently launched small kitchen appliances, supported by a large ecosystem of suppliers and partners across the country. Since its entry into India in 1996, Kent RO has set new benchmarks in innovation led manufacturing and consumer marketing, and established itself as a truly international brand. These are supported by a strong network of over 15000 retail outlets and 19000 Customer service points, the largest by any RO purifier brand in the country.

Delaying your journey to motherhood? Is it ever too late to be a mom?

How Late is too late to be a mother? 

Delaying your journey to motherhood? Is it ever too late to be a mom?

As issues like gender equality take a centre stage and we have more women leading businesses or important roles within an organization, starting a family takes a back seat. Women are often faced with a question how late is “too late” to be a mom? Everyone wants to give their child the best. Working women are more at pressure to juggle between their careers and personal life. Society at large believes that ‘women is complete when she rejoices motherhood’. But without denying the social norms they also want to achieve their career aspirations and life goals. So, it is okay to be little late in being a mom?

Motherhood is every woman’s dream. While they fight the social pressures and focus on their careers but at the back of their mind they know that their biological clock is ticking faster. As they grow older and smarter, their eggs also grow older and their quality decreases..

As per the American Society for Reproductive Medicine, a woman’s fertility starts to decline beginning in her 30’s, with a more significant decline after the age of 35. Every month, there’s only a 20 percent chance of pregnancy for a woman in her 30’s. Studies also suggest that women conceiving at later age may be at risk of having a child with chromosomal abnormality such as Down Syndrome.

Shall they lose heart and all hope? No.

With evolving IVF techniques, it is probably not even late till your 60’s. Recently in a rare case in Punjab, India, a 70 year old woman had given birth through IVF. While this is one of the rare case, it tells us the extent of how evolved is medical science today but not one of the ideal one.

So with advancements in fertility treatments, there is an option for professional women not yet ready for motherhood, to continue to build their careers without being in an emotional dilemma of choosing between a baby and their career.

Women now have  choices! These range from egg freezing, IVF treatment, surrogacy, adoption among others. We know of many celebrities who have gone through either the above options to experience their joy of parenthood much later in their lives.

Option one: Egg Freezing for a Future Pregnancy 

Egg freezing is considered as a safe, sound and competent method for women who wish to delay parenthood. This could be a career choice or a recommended way forward for those diagnosed with medical conditions which have a direct impact on the embryo quality and quantity.

As per Zsolt Peter Nagy, PhD, an Atlanta embryologist, accurate data on the number of babies born from frozen eggs are hard to obtain, but it is approximately 5,000 births worldwide. Though a small number now, the number of women opting to freeze their eggs in their late 20’s or early 30’s is on a rise.

Big companies like Apple, JP Morgan chase, Citigroup, Facebook and many more are bearing the cost of voluntary egg freezing for women who decide to delay child-bearing.

Option two; The rise of “Surrogacy “

Surrogacyis a popular and a successful method for women who are unable to carry their own babies. This is a choice for those who decided to have a baby much later in their lives and couldn’t conceive due to infertility or other medical or personal reasons. This method entails IVF with the eggs of either the intended mother or a donor’s egg as the case may be. In this case the surrogate mother is not genetically linked to the child.

Option three: IVF is the way forward 

Besides being opted by infertile couples to conceive a baby, both egg freezing or surrogacy also utilize an IVF treatment.

While the success of IVF depends on a lot of factors such as the age of the woman, the quality of the embryo, status of the uterus etc. But the two principal factors for maximizing the chances of implantation during an IVF treatment are a chromosomally normal embryo and a receptive endometrium.

With the recent advancements, genetic techniques such as Preimplantation genetic screening (PGS) and Endometrium Receptivity Analysis (ERA) are being used to advance the chances of IVF success and pregnancy.

Option four: Adoption

There are still many who believe in the noble cause. Adoption helps completing your family balance and the desire to be a parent.

SUBSIDISED ANGIOPLASTIES TO BE DONE IN GURGAON for the underprivileged- Initiative by Dr.Prathap Kumar and Ministry of Health, Government of Haryana

  • Angioplasty to be conducted within Rs. 50,000 under the guidance of prominent cardiologist“Dr. Prathap Kumar”
  • This is a Public Private Partnership Carried in association with The government of Haryana, Ministry of Health
  • This facility will be available at Sector 10, Civil Hospital in Gurgaon

 

Gurgaon: Heart patients in India are facing immense problem owing to the treatment affordability factor. This is leading to increased mortality rates. As a part of PPP model (Public Private Partnership) in cardiac care, subsidised angioplasties are being conducted at Sector 10, Civil Hospital in Gurgaon, Haryana.  The subsidized angioplasty procedures are for general public and BPL individuals.

Understanding the anxiety, agony of a cardiac illness victim this initiative will be executed under the aegis of renowned cardiologist Dr.Prathap Kumar, who is the Chairman, Managing Director and Chief Interventional Cardiologist at Meditrina Group of Hospitals, Kollam, Kerala and his team Dr Ajay Dua, Dr Sujith.Meditrina is currently serving people with seven centers, in India and abroad, and still expanding.

A heterogeneous mix of talent, Dr. Prathap Kumar is also a teacher, a successful healthcare entrepreneur, and a passionate doctor who has devoted his life to the welfare of cardiac patients from underprivileged sections of the society and has made this his life pursuit. He uses his skills and expertise to relieve the pain of the heart attack victims with the success rate of 99.95%. Dr. Prathap Kumar strived to render angioplasty at the least rate, sometimes as low as Rs.30000/- through special programmes.

Commenting on this initiative which is being run in collaboration with the Haryana Govt., Dr. Prathapsaid “I along with my team have performed more than 180 angioplasties and 600 Cath lab procedures during the last four months in Faridabad. More than 30% of the patients have benefitted from this initiative belong to the underprivileged sections of the society and have received the treatment at subsidised rates. Rest of the patients, who had to undergo angioplasty treatment with a single stent, got the treatment for below Rs. 50,000/-, which is even less than the charges at Government medical colleges. I am honored to be a part of such an initiative and looking forward to the Gurgaon chapter.”

This initiative has been taken by The  Government of Haryana especially the Health Ministry which has been instrumental in subsidizing this treatment for the underprivileged BPL and SC/ST Patient.

This work by Dr.Prathap and his team is applaudable and has set a perfect example for others to follow. It has made quality healthcare for cardiac ailments affordable for many who could not otherwise afford it in the past and is a significant step towards saving numerous human lives.

Government to create economic offenders list for better crackdown on financial fraud

The move comes against the backdrop of an increase in number of bank frauds, investment scams, and other such misdemeanors. In some of these cases, the offenders fled the country.

The government wants to create a master list of all economic offenders in the country so as to sharpen its response to such offences, and to also prevent flight, and has asked all federal investigative and enforcement agencies to work together to create one, according to three officials in these agencies.

The move comes against the backdrop of an increase in number of bank frauds, investment scams, and other such misdemeanors. In some of these cases, the offenders fled the country.

The Central Economic Intelligence Bureau (CEIB) has been entrusted with the job, with agencies such as the Enforcement Directorate and CBI , capital markets regulator SEBI, the tax department, the customs department, and the Directorate of Revenue Intelligence providing inputs.

“This will be the first step towards identifying those committing multiple economic offences and could be a potential fugitive. This will lead to a coordinated and focused investigation in case a big scam is unearthed,” said an official in the tax department who asked not to be identified.

A threshold has been set for each agency and cases registered that involve amounts above that limit will be reported to CEIB. For example, customs will report cases registered for duty evasion of above Rs 1 crore. In the case of the tax department only raids conducted or authorised by the Central Board of Direct Taxes will be taken into account by CEIB.

“Most of our probe and enforcement agencies work in silos. So if a particular agency is investigating someone, a comprehensive list of economic offenders will help it know if the person on any other agency’s radar,” said an official in one of the enforcement agencies who asked not to be identified.

DRI and the tax department were already probing Nirav Modi since 2014 and 2017, respectively, this person added. “Access to this information by all investigation agencies could have further sharpened our response to Nirav Modi once he fled the country before the filing of an FIR by CBI,” said another official who also works in an enforcement agency, and who too did not wish to be identified. .

The list of offences that make a person an economic offender include violations of laws such as the Central Excise Act, Customs Act, Prevention of Money Laundering Act, Negotiable Instruments Act, the Reserve Bank of India Act, Prohibition of Benami Property Transactions Act and, of course, provisions of the Indian Penal Code.

“Improved coordination is always welcome but what is important is that information is passed on at the right time and timely action is taken against an offender. Otherwise the offender might be on the run even before enforcement action has began against him. For example, evasion of income tax will not lead to arresting the accused, but if there is information about other economic offences committed by the same accused, he can be arrested and the risk of his leaving the country does not arise ,” said MM Joshi, former chairman of Central Board of Direct Taxes.

Kotak Mahindra Bank Q1 profit rises by 12.3%

Net profit was Rs 1025 crore ($148.84 million) for the three months ended June 30, compared with Rs 9.13 billion a year ago, the lender, led by Asia’s richest banker Uday Kotak, said in a statement.

Kotak Mahindra Bank Ltd on Thursday reported a 12.3% rise in first-quarter net profit, but fell short of market expectations.

Net profit was Rs 1025 crore ($148.84 million) for the three months ended June 30, compared with Rs 9.13 billion a year ago, the lender, led by Asia’s richest banker Uday Kotak, said in a statement.

Analysts had on average expected a net profit of Rs 11.67 billion for the second most valuable listed lender in India, with a market capitalisation of about $39 billion.

Gross bad loans as a percentage of total loans fell to 2.17% at end-June, compared with 2.22% in the preceding quarter and 2.58% a year ago.

Rupee slips to 12 paise to 68.74 against US dollar

On Thursday, the rupee had depreciated 17 paise to settle at 68.62 against the US dollar.

The rupee weakened by 12 paise to 68.74 against the US dollar on Thursday, hurt by fresh demand for the American currency from importers.

Traders said besides fresh demand of the US currency from importers, dollar’s firmness against some currencies overseas weighed on the domestic unit. However, a higher opening of the stock market capped the rupee’s fall.

The local currency had depreciated 17 paise to settle at 68.62 on Thursday, against the greenback.

The benchmark BSE Sensex, meanwhile, was volatile in trade on Thursday morning.

Sensex 100 points higher, Nifty near 11,050

Equity benchmark BSE Sensex on Wednesday rose over a 100 points in morning trade, tracking positive cues in the Asian markets.

At 10.25 am, the BSE Sensex was trading 124.59 points or 0.34% higher at 36,644.55, while the broader NSE Nifty was up 39.35 points or 0.36% to trade near 11,050 levels at 11,047.40.

The BSE Sensex, after opening at 36,722.41 points, touched a high of 36,747.87 and a low of 36,690.28 points.

 On Tuesday, the BSE Sensex closed at 36,519.96 points, recovering 196 points as oil, metal and PSU stocks rallied after a sharp drop in global crude oil prices.

The 50-share strong Nifty 50 opened at 11,060.20 points after closing at 11,008.05 points.

LIC board approves acquisition of 51% stake in IDBI Bank

The LIC board on Monday gave approval to the insurance behemoth for acquiring of up to 51% stake in IDBI Bank, economic affairs secretary S C Garg said.

Now the state-owned Life Insurance Corporation of India (LIC) will approach markets regulator SEBI.

Insurance regulator IRDAI has already given its approval to the insurer for the stake purchase. Garg said the board, which met in New Delhi, approved LIC buying up to 51% stake in IDBI Bank.

LIC stake buy will help the debt-ridden state-owned bank get a capital support of Rs 10,000- 13,000 crore.

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender’s stressed balance sheet.

It will get about 2,000 branches through which it can sell its products, while the bank would get massive funds from LIC.

Once the deal goes through, IDBI Bank, which is grappling with mounting toxic loans with gross non-performing assets rising to a staggering Rs 55,600 crore at the end of the March quarter, will get much needed capital support to revive its fortune.

Only a few heavyweight stocks are driving record gains on Sensex

India may be Asia’s best-performing major market this year, but not everyone is rejoicing the return of the nation’s benchmark gauges into record territory.

A peek under the hood of the S&P BSE Sensex gauge’s 7.3% gain this year shows it’s being dominated by three stocks — Tata Consultancy Services Ltd., Reliance Industries Ltd. and HDFC Bank Ltd. A little over half of the 30 Sensex stocks are trading higher than their 200-day moving average price, down from 94% in January when the gauge peaked.

Gains have been lopsided as investors sought safety in the biggest stocks amid headwinds from a brewing trade conflict and elevated prices of oil, India’s top import. A sell-off in mid- and small-cap stocks — made worse by stringent margins imposed in June — has left smaller firms trading near the biggest price discount to the Sensex since July 2016, data compiled by Bloomberg shows.

“Sensex at a new high while the broader market is nowhere near suggests that the market has been very discerning in picking winners,” said Sanjiv Bhasin, an executive vice president at Mumbai-based brokerage India Infoline Ltd.

The Sensex has jumped 12% from its March low to become the first among major benchmark Asian equity gauges to rebound from a correction this year. The recovery has been fuelled by the persistent buying by local mutual funds and optimism about corporate earnings for the June quarter. The S&P BSE MidCap Index, in contrast, is down 13% this year after hitting multiple records in 2017.

Big bracket

Shares of Reliance have risen more than 19% this year to a record, helping company helmed by billionaire Mukesh Ambani reclaim the $100 billion milestone for market value last week after more than a decade. Asia’s top software exporter Tata Consultancy Services, which crossed this threshold in April, has surged 47% since Jan. 1.

HDFC Bank has rallied 16.5% in 2018 to a record, valuing the world’s most expensive major lender at $83 billion.

Gains in the large caps should soon spread out to the broader market, now that oil prices have begun to decline, India Infoline’s Bhasin said. Foreign outflows of about $700 million from domestic shares this year have been “relatively better” than the billions of dollars that have been pulled from markets including Indonesia, Malaysia, Philippines and South Korea, he said.

“After a correction, the rally starts thin and then spreads out as conviction builds,” he said. “Flows will strengthen after oil falls further. As soon as we see stability, midcaps will join the party. It is typical of a bull market.”