SP Apparels aims to achieve zero net debt in next 2-3 years, says CMD P Sundararajan

SP Apparels share price has gone up over 40 percent this month and has been buzzing in trade. CNBC-TV18 spoke to the company’s chairman and managing director, P Sundararajan, to know more about the business outlook.

Throwing further light on the possibility of margin expansion due to the extension of the Rebate of State and Central Levies Taxes (RoSCTL) for the textile sector, he said, “RoSCTL was kept on hold since January 2021. Therefore, now the last six months’ benefits will reflect in Q2 earnings, which would be around 4-4.5 percent. The company was actually building around 2-2.5 percent for the quarter, so additional 2-2.5 percent will be gained in the coming quarters.”

Sundarajan said the margins in FY22 would increase by nearly 2 percent and the company is eying ways to increase sales without adding any major capex.
He added since the company is not looking at major capex, it aims to reduce debt and wants to attain net-zero debt in the next 2-3 years. The company is still in debt of more than Rs 200 crore but has managed to reduce it by nearly Rs 42 crore.

He said demand for infant apparel was very strong and so in the next six months SP Apparels would look at scaling up the capacity to meet up with the demand.

The company also continues to hold on to their revenue guidance of Rs 1,000 crore for FY23, he said.

For the entire interview, watch the accompanying video

 5 Minutes Read

Tourists can’t keep calm as Maldives to open borders from July 15; check new guidelines here

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The economy of Maldives is heavily dependent on tourism and the pandemic has taken a huge toll on livelihoods.

Indians have something to cheer about. Maldives will be opening its borders to South Asian countries from July 15. Tourists will be required to bring a negative RT-PCR test report.

The Ministry of Tourism, Maldives, has tweeted “#Maldives will restart issuing of on arrival tourist visa starting July 15 to tourists travelling from South Asia. Tourists need a negative #PCR result to enter Maldives. Further details will follow accordingly.”

Tour operators have started inviting Indians to visit Maldives calling it a ‘Trip to Adventure.’

The economy of Maldives is heavily dependent on tourism and the pandemic has taken a huge toll on livelihoods. The island nation was one of the last countries to close it borders when the second wave affected millions worldwide this year.

The tourism board of Maldives has issued the following guidelines for tourists:

30-day Free Visa

A 30-day free visa will be granted after a confirmed pre-booking is shown as a proof at a registered tourist facility. Extension of tourist visa will be possible for long stay tourists. The guideline stipulates every traveller must provide emergency contact information at the time of applying for the visa.

Arrival Checks

Temperature checks and thermal measures will be conducted at the first point of entry. There are no mandatory quarantine rules but the government may conduct random testing free of cost. Tourists are to fill up a health declaration card.

Accommodation

It is mandatory to have a confirmed booking in a government registered tourist establishment prior to arrival.

All guest houses and hotels in inhabited islands will be open from August 1, whereas resorts, liveaboard vessels and hotels located on uninhabited islands will be open for bookings from July 15.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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COVID-19 in Mumbai: Maximum City’s once bustling shopping streets limp back into action

coronavirus, omicron, covid 19
It has been nearly two weeks since authorities gradually started easing COVID-19 restrictions in Mumbai. But once-bustling popular shopping streets of the Maximum City continued to wear a deserted look as people feared contracting the virus. Moreover, many vendors too decided to stay away and those who setup their stalls, hardly witnessed any footfall. (Image: Reuters)
Shopping Streets like Linking Road, Hill Road and Colaba Causeway are known for their crowds as shoppers throng these streets on all days of the week. But ever since they’ve opened post the second round of curbs, business for most of these vendors is down by 50-70 percent. (Image: Shilpa Ranipeta/CNBCTV18.com)
Several stores and stalls are yet to open in these streets. While some vendors say many are yet to return to the city to open shop again, many have given up their stalls amid financial distress and inability to bear fixed expenses. (Image: Shilpa Ranipeta/CNBCTV18.com)
Adbul Rahman Shikilkar who is part of the committee of about 300 shops in Linking Road says that at least 40 shops have been emptied out. While some left because they couldn’t bear the rent, some left because they had no money to clear dues of the suppliers. Shikilkar says that many have taken up other jobs like delivering for Swiggy/Zomato or riding autorikshaws. (Image: Shilpa Ranipeta/CNBCTV18.com)
And if dealing with low business wasn’t bad enough, retailers are having to deal with damaged stock. Whatever was stored over the past few months in anticipation of opening up has gotten spoilt due to fungus. Some vendors have incurred losses running into lakhs of rupees. (Image: Shilpa Ranipeta/CNBCTV18.com)
Supply coming from manufacturers too, is running low as they were forced to stay shut due to localised lockdowns in their states. As a result, they’re still trying to sell off their existing inventory. But customers too are now asking for fresh stock. Sellers say that even if they’re able to find supply, they do not have money to buy fresh stock after months of zero revenue. (Image: Shilpa Ranipeta/CNBCTV18.com)
The street-side vendors say they have noticed that customers too are unwilling to shell out much money as an aftermath of the pandemic. As a result, they’re now slashing prices and selling products at massive discounts to get rid of existing inventory. (Image: Shilpa Ranipeta/CNBCTV18.com)
At Colaba Causeway, footpath repair is also underway, hindering those who returned to set up shop as well. Most of the stores that sold antiques, jewelry continue to remain shut. The few stores that have managed to open on this popular street say customers aren’t coming as they did before, but are pinning hopes on local trains opening up for crowds to start trickling in. (Image: Shilpa Ranipeta/CNBCTV18.com)
Last year, the Union govt had launched a scheme for street vendors offering micro-loans of up to Rs 10,000. This year, the Maharashtra govt announced Rs 1,500 as relief for each street vendor. But Vendors at these streets say that very few availed the loan facility, and many didn’t qualify since they’re classified as shops and not street vendors. A vendor in Santacruz who availed the loan last year says that with the second lockdown, he is now struggling to pay it back as there has been no income for a few months now. (Image: Shilpa Ranipeta/CNBCTV18.com)
Same has been the case with the relief announced by the state govt. Vendors at Hill Road said they received the relief, but a one-time relief amount of Rs 1,500 barely sufficed. Many at Linking Road and Colaba Causeway said they didn’t qualify for this as well as they are classified as shops. (Image: Shilpa Ranipeta/CNBCTV18.com)
Stores at these shopping streets are now counting on easing of weekend restrictions and resumption of the local trains for more people to start coming. While some say that the future continues to remain uncertain and are worried about a second lockdown, many are optimistic about easing of restrictions. They are hoping that as Mumbai opens up, people return to shop from them and the hustle and bustle returns to Mumbai’s shopping streets. (Image: Shilpa Ranipeta/CNBCTV18.com)
 5 Minutes Read

WhatsApp’s new privacy policy to go live on May 15; here is all you need to know

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

WhatsApp decides to double down and proceed with its controversial privacy policy update. Users will gradually lose out on features like messaging and calling if they do not click on ‘accept.’

Despite pushback from users and governments of several nations, WhatsApp has decided to roll out its new privacy policy on May 15 and those who don’t accept the new policy are likely to get limited access to WhatsApp features.

The Facebook-owned messaging app had first announced the privacy policy update in January, with a plan to go live with its new privacy policy on February 8. However, the plan was shelved after facing severe backlash across many countries.

 What’s the New Privacy Policy?

The new privacy policy will enable WhatsApp to use “business conversations” between two people for advertising. This is despite the app’s claim that chats are end-to-end encrypted and that it doesn’t have access to private chats or locations. 

 “When you communicate with a business by phone, email, or WhatsApp, it can see what you’re saying and may use that information for its own marketing purposes, which may include advertising on Facebook,” WhatsApp said in a statement. The company added, “Messaging with businesses is different than messaging with your family or friends.” 

 What happens if you don’t accept the new policy?

 According to its FAQ page, WhatsApp will not delete the account of users who do not accept the new privacy policy. However, it has stated that users who do not accept the new policy will not be able to receive incoming calls or notifications. WhatsApp will also stop sending messages and calls to your phone.

 WhatsApp will not take away everything in one go, instead it will gradually deprive users of features if the policy change is not accepted on May 15 after persistent reminders, according to the FAQs page.

 “For the last several weeks, we’ve displayed a notification in WhatsApp providing more information about the update. After giving everyone time to review, we’re continuing to remind those who haven’t had the chance to do so to review and accept. After a period of several weeks, the reminder people receive will eventually become persistent,” the WhatsApp FAQs page stated.

Alternatives to WhatsApp

In the wake of WhatsApp’s new privacy policy roll-out, many users have been reported to shift to other messaging apps like Signal and Telegram. While Signal claims that it does not collect any user data and does not spy on its users, Telegram has been WhatsApp’s competitor for the longest time.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

How COVID-19 lockdown is making people turn their hobbies into careers

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

From teaching virtual yoga to launching AI start-ups, there’s no stopping the spirit of homebound enterprise. According to a Forbes report, COVID-19 has given people a chance to pivot careers, reinvent their hobbies and skills as exciting new ventures.

The severity of COVID-19 is being felt worldwide with lockdown restrictions hitting businesses hard. Many establishments have been forced to shut down, employees are working from home, and companies are employing new work methodologies.

Then there are those who have turned their hobbies into careers in these times of social isolation. According to a Forbes report, COVID-19 is triggering people to pivot careers, convert their hobbies and skills into serious enterprises.

Here’s a closer look at a few who have reinvented their hobbies as successful careers.

1.  Four Sisters Bake Up a Storm

In Birmingham, four sisters have turned their passion for home baking into a new business, according to a report in Business Live. The sisters began baking treats from their Erdington home during the lockdown and delivering them to friends and family, but suddenly they started receiving orders from strangers too. This resulted in the birth of ‘Traybakez’. They make items such as hot cookie dough, waffles and brownie specialties and have thousands of followers on social media.

2.  Yoga Online

According to a Deccan Chronicle report, Tarini Nirula, an accessory businesswoman, took her love for teaching yoga and meditation online during the lockdown. In the process, she earned many students and some good money.

3.  Cat Walk Classes

As work from home became a norm, Amit Ranjan, a Mumbai-based model, says he started with online classes and workshops for fashion students and aspiring models. Amit is working towards increasing his digital outreach with fitness videos and collaborating with brands for paid projects.

4.   Going the AI way

Raja, a Swiss-Moroccan living in Oslo, took her time on deciding where she wanted to put her energy during the lockdown, according to a BBC report. She devoted herself to a single project that she felt passionate about, and now she’s launching an artificial intelligence start-up. Earlier, she had been appointed as CEO of a major Nordic start-up accelerator programme.

The BBC report said one could experience the shift towards more purpose-driven jobs and companies even before the pandemic; however, this trend has gathered pace since the crisis began, with research suggesting people are also seeking out training to go in a new direction.

 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Divorce of Bill and Melinda Gates: Daughter Jennifer says ‘it’s been a challenging time’ for family  

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Jennifer and her siblings, Phoebe, 18, and Rory, 21, stand to inherit less than a percent of their parents’ wealth, amounting to around $10 million each

Jennifer Gates, the eldest daughter of Bill and Melinda Gates, has reacted for the first time to the recent divorce of her parents in an Instagram post.  In her Instagram story she said that ‘it’s been a challenging stretch of time for whole family’ while seeking privacy and space.

“By now many of you have heard the news that my parents are separating. It’s been a challenging stretch of time for our whole family. I’m still learning how to best support my own process and emotions as well as family members at this time, and am grateful for the space to do so. I won’t personally comment further on anything around the separation, but please know that your kind words and support mean the world to me. Thank you for understanding our desire for privacy while we navigate the next phases of our lives, ” Jennifer posted on Instagram.

Also read: A look at power couples who parted ways

Bill Gates and Melinda Gates announced their divorce, on May 3, via a brief statement on each of their Twitter accounts. The two commands a $146 billion fortune even as they have given away $50 billion through the Bill and Melinda Gates Foundation, one of the largest private charitable foundations in the world.

“We have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives,” they said in the statement.

Jennifer, 25, studied in Stanford University and graduated with a degree in human biology in 2018. She is currently studying medicine and got engaged to her boyfriend Natal Nasser.

Jennifer and her siblings, Phoebe, 18, and Rory, 21, stand to inherit less than a percent of their parents’ wealth, amounting to around $10 million each. Jennifer’s younger siblings have not made any public statements about the divorce yet.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
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10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
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What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

All of L’Oréal’s plastic packaging will use eco-friendly materials by 2030: Global Brand President

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

By 2025, 100 percent of L’Oréal Paris’ plastic packaging will be recyclable, reusable or compostable.

L’Oreal Paris recently announced the company’s sustainability program,  “L’Oréal For the Future, Because our Planet is Worth it”, initiating the brand’s latest set of ambitions for 2030. L’Oréal Paris plans to reduce its carbon footprint by 50 percent per finished product. It will also contribute 10 million Euros to environmental projects whose beneficiaries are communities of women around the world.

Sonal Bhutra spoke to Delphine Viguier-Hovasse, Global Brand President, L’Oréal Paris to understand the brands’ outlook, plans and sustainability initiatives.

  • You have launched a new program, L’Oréal Paris sustainability program, L’Oréal for the future, can you take us through what are your plans to ensure sustainable business practices? What is the target timeline?

 As a beauty brand, many of our raw materials are sourced from nature.  We, therefore, have always had a strong understanding of our planet’s beauty, its fragility, and the role we can play to preserve it. Since the 2013 launch of L’Oréal’s sustainability program, Sharing Beauty With All and the subsequent L’Oréal for the future in 2020, the group has outlined key, tangible targets to fight climate change, manage water sustainability, respect biodiversity, and preserve natural resources in the development of a circular economy. We have been particularly focused on contributing to the group’s environmental goals by reducing our carbon footprint. Since 2020, 93 percent of L’Oréal Paris’ new & renovated products were improved based on the life cycle methodology. Between 2005 and 2020, L’Oréal Paris factories and distribution centres have reduced CO2 emissions by 82 percent, water consumption by 44 percent, and waste generation by 35 percent. To build upon our achievements to date and in line with the group’s ambitions, L’Oréal Paris is now launching a new ten-year plan to reduce its carbon footprint by 50 percent by 2030, while contributing 10 million euros to environmental projects in the next 5 years. The beneficiaries of these projects are communities of women around the world.

We pledge to reduce by half our CO2 emissions per product by 2030. And our new sustainable program defines a clear action plan to reduce, on all steps: ingredients, packaging, usage and end of life…  Until 2020 the main focus was really our factories, and now, we have to accelerate on all the other impacts, especially tackling products.

By 2030,

-100% of the plastic we use will be recycled and recyclable

-100% of our biobased ingredients will be sustainably sourced

-100% of our factories will be carbon neutral

-And 100% of our employees will commit to our ambition by reducing by half their business trips

  • Packaging is one big component contributing to pollution. What changes are you making to your product in terms of packaging, constituents and supply chain in that case? What with this do to your emissions overall? Is it difficult to ensure that you abide by the 6 R’s of packaging that you have taken up? What new processes have you undertaken? 

We are working on accelerating the shift to a circular economy, where materials are kept in use for as long as possible, by optimizing their packaging recyclability, striving to conserve resources and prevent plastic pollution. This includes using more recycled content in packaging. For example, the iconic L’Oréal Paris haircare range, Elvive, has undertaken a major transformation of its entire value chain by targeting 100 percent recycled PET (polyethene terephthalate) for shampoo and conditioner bottles in Europe, since 2020. To seek alternatives to single-use packaging and propose refill or reuse systems while engaging consumers, L’Oréal Paris will join Terracycle’s LOOP initiative and take part in a project to trial new types of packaging with the retailer Tesco in the UK. The new shampoo and conditioner packaging will be sold with a deposit, on the retailer’s website. After using the products, consumers will be able to return the packaging to the retailer that will collect and return the packaging to L’Oréal Paris for cleaning and refiling. This initiative will be reproduced in across countries in the coming months.

Essentially, by 2025, 100 percent of L’Oréal Paris’ plastic packaging will be recyclable, reusable or compostable and by 2030 –  100 percent of the plastic will come from recycled or biobased materials. We will also reduce by 20 percent in intensity the weight of our products (light glass pods)

 

While talking about the supply chain, an action plan to reduce the carbon footprint of our products and across our supply chain has been defined using an innovative tool that measures the carbon emissions of a brand. L’Oréal Paris is the first brand in the group to have piloted such a tool which allowed us to understand precisely where our principal CO2 emissions come from. This data defined our clear action plan to reduce emissions across our supply chain by using recycled materials and reducing the weight of our packaging, working on the renewability of our ingredients, reducing water consumption during use phase, working on low carbon transportation mode, engaging our suppliers in reducing their carbon emissions, and having carbon neutral factories. As we move ahead, we are committed to accelerating our mission across the supply chain, especially concerning the carbon footprint of our products.

  • Have you made changes to the product formula/ingredients as well to ensure sustainability? And how are you planning to improve the impact of your products on the environment?

We are committing that by 2030, 95 percent of our ingredients will be derived from renewable, plant-based sources, from abundant minerals, and 100 percent of our formulas will be respectful of the aquatic environment. Our focus will be on bio-based ingredients for formulas or raw materials for packaging, material developed from renewable organic matter (plant, animal or microbial), generally from agriculture, forestry or fishing and which regenerates itself in relatively short cycles (from a few days to a few decades), which last for a period equivalent to the duration of their use. L’Oréal does not use animal biomass, with the exception of rare ingredients such as beehive products or lanolin obtained from wool.

For every new project, our products are assessed through a tool called SPOT (Sustainable Product Optimization Tool), which measures the environmental and social footprint of products.

The methodology is based on life cycle analysis principles, measuring a product’s impacts from raw materials to end of life. It considers 14 different factors on which a product creates an impact on the Earth, including carbon emissions, water scarcity and quality, waste pollution, biodiversity loss and resource depletion.

Using SPOT, L’Oréal Paris’ teams are able to allocate a score to each product. If the score does not show an improvement of the environmental and social performance compared to a baseline (in a similar family of product) the product cannot be launched. Through a major collaborative effort, our researchers, product designers, packaging and manufacturing teams continuously work to develop solutions to improve our products’ environmental footprint.

And to go further, we have developed a tool to measure the GHG footprint of the brand, following the group’s methodology. This tool will be updated every year, to track the progress on our carbon reduction target. It covers all scopes (1, 2 & 3)

  • What does all this mean for your consumers? The changes you are making to your products, will it improve performance? 

As a beauty leader, we want to be a sustainability pioneer, however, we will not be able to accomplish some of our initiatives without the active participation of our consumers. We are therefore multiplying our initiatives to raise awareness among consumers of the role they have to play, with us, in achieving responsible consumption:

-proposing alternatives to single-use packaging

-supporting responsible product use, especially on water consumption

-educating consumers on recycling

-developing a Product Impact Labelling system to inform consumers of the environmental and social impact of their products. This Environmental and Social Impact Labelling includes a score on a scale from A to E, with an “A” product considered as “best in class” in terms of its environmental impact. 

 

  • You are also investing in environmental projects through programs that empower women, what kind of investments are you making, and what does it entail?

As women are the primary victims of climate change, L’Oréal Paris will invest €10 million in a series of 6 environmental projects whose beneficiaries are communities of women around the world. Along with financial support, L’Oréal Paris will also develop specific programs that empower women in leadership positions. For example, we currently have a project underway in Honduras where local indigenous communities protect and restore mangroves. Mangroves are a precious resource as they store up to four times more carbon than terrestrial ecosystems. This project is managed by a cooperative of women who will receive support through courses on leadership, financial independence, and women’s health.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Storyboard: Bumble launches safety guide to empower women in India to combat digital harassment

Bumble has launched an initiative to create a first of its kind safety guide in partnership with Safecity to equip and empower women in India to recognise, prevent and combat rising digital harassment. To know more about the initiative taken by the online dating platform, Storyboard spoke to Priti Joshi, VP of strategy at Bumble.

Also watch Shibani Gharat in conversation with Nick Woodman, Founder & CEO of GoPro who spoke about the company’s new GoPro Quik smartphone app.

Moreover, Storyboard spoke to actor Sonu Sood and Vinay Subramanyam, VP of marketing at Britannia who knows more about their “Krunch Khao Punch Dikhao” campaign.

Watch the video for more.

 5 Minutes Read

Buy insurance cos on dips; TTK Prestige great business to own for long-term: Prakash Diwan

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Market expert Prakash Diwan on Tuesday said that investors should use dips to buy insurance stocks while also adding that pressure-cooker maker TTK Prestige is a good long-term bet.

Market expert Prakash Diwan on Tuesday said that investors should use dips to buy insurance stocks while also adding that pressure-cooker maker TTK Prestige is a good long-term bet.

“I would wait for markets to give that opportunity – a dip to buy into these stocks but it is always good to have a combination of SBI Life Insurance Company, HDFC Life Insurance and Max Life Insurance,” Diwan told CNBC-TV18.

On various other stocks like Bharat Petroleum Corporation Ltd (BPCL), IT, insurance companies, TTK Prestige, United Phosphorous Ltd (UPL) and Arvind Fashions, Diwan said, “TTK Prestige is a wonderful business to own especially for the long-term. You have to have it in the portfolio if you are looking at something which is more robust and doesn’t keep on wavering along with the market movement, the underlying business is always going to be robust as long as you have the patience to hold it for the long-term.”

Diwan also said that price discoveries have been pretty robust on BPCL. Eventual divestment probably keeps the stock very strong. He wouldn’t be surprised to see Rs 475-485 being tested very soon on the stock.

On IT shares, he said, “The larger players will probably see ETF outflows also at some point in time because they have attracted that in the last 12 months but I would believe the mid-sized IT players have far better opportunities that are still to be captured.”

On UPL, Diwan said the stock is in a space where it would continue to grow with this momentum.

“There is enough appetite because the representation in the Nifty on this side is also very limited. So this will continue to fetch a lot of premium. I don’t see any reason why this stock would correct in a hurry.”

Arvind Fashions with all its power brands is doing well, along with strong exports.

“There is this whole thing about Arvind Fashions not being in the right space or probably be too dependent on just one segment of retail. However, that is not the case. They have restructured themselves, there have been rights issue, the promoters have an extremely high level of confidence by subscribing more to it. it is in the right spot, not very expensive at Rs 2,000 crore valuation, could probably give you that kind of a rerating move very soon,” said Diwan.

Watch the video for more

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?