India's first halal cosmetics firm set to expand outlets

May 2, 2015

Ahmedabad, May 2: Mauli Teli has people coming up to her often and asking what 'halal' has to do with cosmetics. "Are such cosmetics only for Muslims?" they sometimes enquire.

halal cosmeticsTeli is not a Muslim, but the smart, suave, CEO of a company whose Iba product - India's first halal-certified cosmetic brand - is more than ready with her answers. Thanks to this, Iba's consumer base is growing steadily, and not just among the Muslim community.

"Halal has a deep meaning. It means it's pure, safe, and healthy. What it means in terms of our cosmetics range is that our products are organic, free of animal fat and animal-derived products like keratin, collagen and gelatine, and alcohol free. They are free of any harsh chemicals and animal cruelty. Therefore they are good for everyone," Mauli explained in an telephonic interview .

In 2012 Mauli and her sister Grishma Teli started their company, Ecotrail, which was a manufacturing unit and research lab. In September 2014, after a thorough market research and talks with consumers, salon owners and others, the duo launched Iba Halal Care.

"I moved back to India in 2011 after studying and working in the US for seven-and-a-half years. I have a technical background and was into management consulting. My sister had studied biotechnology in the UK. Both of us have always wanted to start something on our own...that we come from a family of entrepreneurs helped a lot," Mauli said.

Personal care products, she said, were of interest to both the sisters. Their father is into equipment manufacturing for the cosmetics industry.

"Since I had worked with (market research agency) AC Nielson, I knew that the field of personal care was very competitive and in order to succeed we had to make a unique proposition. In the US, natural, ethical products are much sought after and we found that halal cosmetics was a niche field that could be explored," she said.

Considering that India has a large Muslim population, the sisters realised that there was a need for such products.

"Halal certified products are popular in Southeast Asia like Malaysia. Britain also has a few small brands. But, in the Indian context, we had to take care that ours was not a high-end brand, but something that the market could bear."

As they launched Iba with their first stand-alone store in Ahmedabad it triggered a lot of interest.

"People were curious. They would come and ask me all kinds of questions. Sometimes even Muslims did not understand what halal had to do with cosmetics. Once we told them about the fat free lipsticks and alcohol free perfumes, they understood," Mauli said.

The concept also appealed to people from the Jain community and those who opt for a vegan way of life. "Actually, 35 percent of our consumers are non-Muslims, and the interest is increasing," Mauli said.

Her products - priced between Rs.40 and Rs.250 - are no less effective on the skin or hair, she says. They have the same look and feel like any other modern cosmetic product with no side effects, she adds. From lipsticks, face sprays and face creams to shampoos, conditioners and perfumes, it's a wide range.

With two stand alone stores in Gujarat, they are now opening outlets in Aurangabad in Maharashtra, before venturing into Mumbai, Bengaluru, Hyderabad, Baroda and Surat. They are getting into the franchise model as well as have their products available online, on shopping portals like Amazon and Flipkart.

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News Network
January 17,2020

New Delhi, Jan 17: E-commerce major Amazon on Friday said it plans to create one million new jobs in India over the next five years through investments in technology, infrastructure and its logistics network.

These jobs are in addition to the seven lakh jobs Amazon's investments have enabled over the last six years in the country.

"Amazon plans to create one million new jobs in India by 2025," the company said in a statement, adding that the jobs - created both directly and indirectly - will be across industries, including information technology, skill development, content creation, retail, logistics, and manufacturing.

Amazon.com Inc chief Jeff Bezos had on Wednesday announced USD 1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online and committed to exporting USD 10 billion worth of India-made goods by 2025.

"We are investing to create a million new jobs here in India over the next five years," Bezos said.

"We’ve seen huge contributions from our employees, extraordinary creativity from the small businesses we've partnered with, and great enthusiasm from the customers who shop with us—and we’re excited about what lies ahead," Bezos added.

India has prioritised job creation and skilling initiatives – including the training of more than 400 million people by 2022 – in rural and urban areas.

"Amazon’s job creation commitment and investment in traders and micro, small and medium enterprises (MSMEs) complement this social inclusion and social mobility efforts by creating more opportunities for people in India to find employment, build skills, and expand entrepreneurship opportunities," the statement said.

The new investments will help to hire talent to fill roles across Amazon in India, including software development engineering, cloud computing, content creation, and customer support.

Since 2014, Amazon has grown its employee base more than four times, and last year inaugurated its new campus building in Hyderabad – Amazon’s first fully-owned campus outside the United States and the largest building globally in terms of employees (15,000) and space (9.5 acres).

The investments will also help in expanding growth opportunities for the more than 5,50,000 traders and micro, small, and medium-sized businesses – including local shops – through programs like Saheli, Karigar, and “I Have Space”.

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News Network
January 27,2020

Mumbai, Jan 27: The country's largest car maker Maruti Suzuki India (MSI) on Monday said it has increased prices of select models by up to Rs 10,000 with immediate effect to offset the impact of rising input costs.

The price change varies across models and ranges up to 4.7 per cent (ex-showroom Delhi) and are effective from January, 27 2020, MSI said in a statement.

The price of entry level model Alto range has gone up in the range of Rs 9,000-6,000, S-Presso between Rs 1,500 to 8,000, WagonR between Rs 1,500 and Rs 4,000.

The company has also increased the price of its multi purpose vehicle Ertiga between Rs 4,000-10,000, Baleno by Rs 3,000 to 8,000 and XL6 by up to Rs 5,000 (all prices ex-showroom Delhi).

Currently, the company sells a range of vehicles starting from entry-level small car Alto to premium multi purpose vehicle XL6 with price ranging from Rs 2.89 lakh to Rs 11.47 lakh (ex-showroom Delhi).

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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