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Petrol crosses Rs 95/litre in Mumbai, nears Rs 90 in Delhi

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Oil marketing companies continued to hike fuel prices with both petrol and diesel prices rising across the four metros.

In Mumbai, petrol crossed the Rs 95 per litre mark on Sunday. It was priced at Rs 95.21 per litre, against Rs 94.93 on Saturday.

In the national capital, petrol is well on its course to reach the Rs 90 per litre mark. On Sunday, it was sold for Rs 88.73 per litre, 29 paise higher than the previous level of Rs 88.44 a litre.

Pump price of petrol hit the Rs 90 mark in Kolkata as the price rose to Rs 90.01 a litre. In Chennai, the fuel was sold for Rs 90.96 per litre on Sunday.

In line with petrol prices, diesel prices also increased in the four cities for the sixth consecutive day.

Price of diesel in Delhi, Mumbai, Chennai and Kolkata was at Rs 79.06, Rs 86.04, Rs 84.16 and Rs 82.65 per litre, respectively — higher than Rs 78.74, Rs 85.70, Rs 83.86 and Rs 82.33 per litre, on Saturday.

source: The Statesman

Books & Authors

HR-turned-Author, Jyoti Jha Releases Cover of her Upcoming Masterpiece!

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Books are not only a source of inspiration but also an act of escapism into a parallel world. However, there are certain books, that speak to their readers through the realities of life. ‘The Realms of Human Emotions’ by Jyoti Jha is one such book that provides an immersive experience to the readers impactfully drawn from the spheres of human emotions from regular living.

Emotions define us as human beings and influence our existence around the relationships we dwell with. One that can be dealt with various aspects of feelings, perceptions, attitudes, and intentions, and intricate relationships entangled around those. Through this book and the compelling and captivating stories, the author is all set to entrance the readers exploring those emotions.

An HR-turned-Author, Jyoti Jha who has recently signed a deal with Literia Insight is delighted to release the cover of her upcoming masterpiece ‘The Realms of Human Emotions’. The artistic portrayal of colours and the succinct title are prepared to intrigue the readers to delve into the layers of human sentiments through various stories, setups, characters, and incidents.

Talking at the eve of the release of the book cover, Jyoti Jha shared her insights on the central theme around which the stories in the book revolve. In the words of the author Jyoti Jha-

“Emotions that compel our actions and influence our decisions, and yet we often have uncertainty around expressing our emotions and acknowledging our feelings.

With this book, I attempt to explore the layers of human emotions and communicate to the readers through different characters drawn from some factual accounts and diverse figments of imagination sketched across the stratum of the human psychosomatic canvas.

The stories in the book intend to portray human experiences that continually strive to find a balance between the outer hurricane of sentiments and an inner vortex of fervours.  At the same time endeavouring to align individual emotions that delicately blend with the relationships around them.”

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Lifestyle

Designer Tarun Tahiliani to sell 33% stake to Aditya Birla Fashion

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Veteran fashion designer Tarun Tahiliani has entered into a strategic partnership with Aditya Birla Fashion and Retail Limited (ABFRL) to launch a new line of contemporary men’s ethnic wear brand and will sell 33 percent of his existing Luxury Couture business to the group, with the option to increase it to 51 percent in the next few years.

Tahiliani commented: “Last year, we celebrated 25 years of the Tarun Tahiliani label. The next big leap for the brand was to take our craftsmanship and expertise and offer it to a larger Indian market that knows and values quality and is actively seeking it. It was clear that we needed a partner who could not just help us with this scale, but also have the same dedication to quality and the customer. And that could only have been the Aditya Birla Group. Over the years, I have admired what Mr. Kumar Mangalam Birla has built and created for the Aditya Birla Group, specifically his landmark excellence in building fashion retail in India.”

The first set of retail stores by the brand will open in September this year. It aims to build a Rs 500 crore business in the next five years with more than 250 stores across the country. ABFRL will hold 80 percent stake in the new entity while Tahiliani will hold the remaining 20 percent, said a statement.

“I am excited and look forward to this unique opportunity of taking our signature India Modern aesthetic to a broader consumer base across the country. The Tarun Tahiliani brand will continue to be the studio doing couture and occasion wear, building on its experience and success,” he said.

Commenting on the partnership, Ashish Dikshit, Managing Director, ABFRL said: “We believe that over the next few years, ethnic wear is going to be an important category as confident Indians rediscover their culture and heritage. Tarun Tahiliani has been at the forefront of the emergence of the Indian design industry. We are proud to partner with him to launch a new brand that gives the emerging Indian consumer a new range of celebration wear reflecting the unmatched, exquisite design excellence at more accessible prices.

“The ethnic wear segment is a large and growing market with a significant opportunity to build scale. The combined expertise of Tarun Tahiliani and ABFRL will enable the new brand to make a strong impact in the market. The existing couture brand will continue to benefit from the fast-growing luxury segment of the market. This partnership is in line with our stated strategy to craft a portfolio of brands that address the entire gamut of ethnic wear segments: value, premium, and luxury.”

The proposed acquisition is subject to necessary statutory approvals and signing of definitive agreements, said the statement.

source: The Statesman

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Lifestyle

Designer Tarun Tahiliani to sell 33% stake to Aditya Birla Fashion

Published

on

Veteran fashion designer Tarun Tahiliani has entered into a strategic partnership with Aditya Birla Fashion and Retail Limited (ABFRL) to launch a new line of contemporary men’s ethnic wear brand and will sell 33 percent of his existing Luxury Couture business to the group, with the option to increase it to 51 percent in the next few years.

Tahiliani commented: “Last year, we celebrated 25 years of the Tarun Tahiliani label. The next big leap for the brand was to take our craftsmanship and expertise and offer it to a larger Indian market that knows and values quality and is actively seeking it. It was clear that we needed a partner who could not just help us with this scale, but also have the same dedication to quality and the customer. And that could only have been the Aditya Birla Group. Over the years, I have admired what Mr. Kumar Mangalam Birla has built and created for the Aditya Birla Group, specifically his landmark excellence in building fashion retail in India.”

The first set of retail stores by the brand will open in September this year. It aims to build a Rs 500 crore business in the next five years with more than 250 stores across the country. ABFRL will hold 80 percent stake in the new entity while Tahiliani will hold the remaining 20 percent, said a statement.

“I am excited and look forward to this unique opportunity of taking our signature India Modern aesthetic to a broader consumer base across the country. The Tarun Tahiliani brand will continue to be the studio doing couture and occasion wear, building on its experience and success,” he said.

Commenting on the partnership, Ashish Dikshit, Managing Director, ABFRL said: “We believe that over the next few years, ethnic wear is going to be an important category as confident Indians rediscover their culture and heritage. Tarun Tahiliani has been at the forefront of the emergence of the Indian design industry. We are proud to partner with him to launch a new brand that gives the emerging Indian consumer a new range of celebration wear reflecting the unmatched, exquisite design excellence at more accessible prices.

“The ethnic wear segment is a large and growing market with a significant opportunity to build scale. The combined expertise of Tarun Tahiliani and ABFRL will enable the new brand to make a strong impact in the market. The existing couture brand will continue to benefit from the fast-growing luxury segment of the market. This partnership is in line with our stated strategy to craft a portfolio of brands that address the entire gamut of ethnic wear segments: value, premium, and luxury.”

The proposed acquisition is subject to necessary statutory approvals and signing of definitive agreements, said the statement.

source: The Statesman

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