5 Minutes Read

Shaadi Squad on Virat-Anushka and the Making of Celeb Weddings

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

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Summary

In conversation with Tina Tharwani of Shaadi Squad, the team behind Virat-Anushka’s Tuscany wedding.

Once upon a time, Tina Tharwani and her business partners Saurabh Malhotra and Manoj Mittra used to develop concepts to convert into film production sets, source the best hair and makeup artists, organise transport and stay for 200 film crew members, fulfil erratic filmmaking demands and fix last-minute hiccups.

Today, the former film production experts do the same – except now it’s for weddings.

The star cast is the real-life bride and groom; the film crew is now replaced with wedding guests; and their knowledge and skill in set production is now being put to good use for glamorous nuptials sought-after by the high-and-mighty of Indian society.

Virat Kohli and Anushka Sharma
Virat Kohli and Anushka Sharma

Their four-year-old wedding firm Shaadi Squad has a simple motto: “You enjoy your wedding; we take care of the rest.” The team says it is equipped to handle “both surges of peak-enthusiasm as well as super-emotional breakdowns” – it’s all part of the package of a big fat Indian wedding, isn’t it?

Within a short period, the firm has already managed high-profile weddings such as the intimate Tuscany wedding of Indian cricket captain Virat Kohli to Bollywood star Anushka Sharma.

We ask Tina Tharwani about their work and India’s wedding trends.

Tina Tharwani, Shaadi Squad
Tina Tharwani, Shaadi Squad

What are the biggest wedding trends this year for Indian millennials?

With Indian millennials becoming more and more aware of the consequences of all their actions on an environmental level, the tendency towards adopting eco-friendly practices has been steadily gaining traction. When it comes to their wedding, modern-day couples now have a sustainable approach towards it, from personalised digital invites to upcycled décor and other such measures that ensure minimum wastage.

So I’d say eco-friendly and sustainable weddings are definitely trending and becoming more common amongst Indian millennials, and deservedly so!

Tina Tharwani and Saurabh Malhotra with Priyanka Chopra and Nick Jonas on their engagement
Tina Tharwani and Saurabh Malhotra with Priyanka Chopra and Nick Jonas on their engagement

Do you think couples designing their own weddings these days are more interested in the experience rather than the extravagance?

With social media assuming more importance in everyone’s lives, a once-in-a-lifetime event like a wedding calls for a greater experience throughout those platforms.

We’ve observed that most couples these days come up with creative wedding hashtags, or even create social-media accounts solely for the wedding journey.

With such avenues available, everyone now demands something unique for their own wedding. So, while extravagance may not be a prospect or a demand for everyone, there is always scope for including creativity to produce a unique and memorable wedding experience.

How has the bride’s outlook changed over the years that you have been in the business? What do they seek?

Brides nowadays know what they want, or at least what they do not prefer, when it comes to the details like décor, invites, food, and so on.

While such specific preferences might make brides seem more demanding, this change in outlook has actually helped make things smoother for wedding planners.

Most brides’ expectations are pretty feasible and they are considerate enough to understand ground realities as well.

What do you advise couples who are looking to keep costs low but still have a satisfying experience of a ‘proper’ Indian wedding?

The key towards having a well-budgeted yet wonderful wedding is to keep the guest list as minimal as possible, and to avoid costly and unfeasible floral décor.

Also, couples can opt for DIY décor as it not only adds a more personal touch to the wedding but also helps save costs. Moreover, if a friend or a relative has a knack for skills like hairdressing, makeup, photography, or any other ‘talent’ that one may seek for a wedding, the couple can have them do that task instead of spending money and efforts on hiring a vendor.

Many cross-cultural weddings take place these days. Please share one of your favourite weddings, and how you brought in elements of both their cultures?

Recently, we planned and organised a wedding where the bride was Swedish and the groom was an Indian Muslim. With such an interesting cross-cultural prospect in hand, we did not only have a white wedding but also a nikah ceremony.

Moreover, we organised a sangeet ceremony in which both the families performed to Bollywood numbers. A mehendi ceremony was also held for all the family and friends of the couple.

Such weddings are really interesting, as these allow us to introduce both sides to the other’s cultures, weaving it all together into a memorable experience.

Event management is all about being prepared for unforeseen circumstances. Do you sometimes have any last-minute fire-fighting to do?

Recently at a wedding that we planned in Goa, one of the events was supposed to take place at a venue located one hour away from where the guests were staying.

On the day of that event, the transport vendors went on a sudden strike. This was totally uncalled for, and we had no way to provide transportation for over 200 wedding guests.

In such a scenario, having considerate clients also goes a long way, and we were lucky to have clients who understood the situation and were very accommodating as well.

Eventually, we had to push the event by three or four hours but we managed to arrange coaches for the guests. The event turned out to be successful, with the guests taking home a fun experience with them!

What was the most touching moment you witnessed during a wedding?

There are certain moments in each wedding that are extremely touching, every single time. For instance, when the groom sees the bride enter the wedding venue, the sentiments that he undergoes are well-expressed on his face, making everyone emotional.

And of course, the intimate moments that the bride shares with her parents when they bid adieu renders all those around teary-eyed. Even the littlest moments and gestures of camaraderie between the couple during the ring exchange or the wedding ceremony are all so touching!

First published in eShe magazine

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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Should Elon Musk be able to buy Twitter?

Demand for platinum very strong, says PGI India

PGI India on Saturday said the demand for platinum is very strong in jewellery and this is across all the consumer segments after it hits a near 16-month high on August 30.

In an interview to CNBC-TV18, Vaishali Banerjee, managing director, said, “H1 sales at an overall market level are up around 20-25 percent. Jewellery fabrication is also up. So, it looks like it is going to be a good year.”

Speaking about the buying trends, she said, “The market has been clocking anything between 20 percent and 25 percent growth over the last three years. It was a blip in 2016 when it was down, but apart from that, 2017, 2018 and 2019, we are seeing this kind of growth. Last year at an overall market level it was about 20 percent up, this year so far it is close to 25 percent up. We expect the year to end in similar percentage terms.”

On new launches, Banerjee said, “In 2019, we have launched a new segment, this is men’s jewellery. It has been in the market over the last two years and it has been clocking very strong growth. In 2019, you will see that there is an industry push behind this segment with the new collection. So we are expecting this kind of growth to continue.”

Commodity Champions: Experts discuss the rise and fall of crude oil prices

The crude oil prices have gained four percent this week and is trading at $61 per barrel. This strength has come in on the back of various factors.

The US-China trade war, the decline in US inventories and markets looking at demand picking up in the Asian markets are some of the factors which have been keeping the crude oil prices alive.

In this episode, CNBC-TV18 talks to Ravi Narayanaswamy, senior director at IHS Energy and Mark Eramo, vice president, global business development at IHS Markit, on crude oil prices.

Walmart India aims for 25% sourcing in fruits and vegetables from local farmers

Walmart Tesla SolarCity

Global retailer Walmart’s philanthropy arm Walmart Foundation on Saturday said the company is aiming for 25 percent sourcing in fruits and vegetables from local farmers

In an interview to CNBC-TV18’s Priya Sheth, Kathleen Mclaughlin, president, said, “This market is incredibly important for us.  We are trying to work through our business differently and also corporate social responsibility (CSR) & philanthropy. So, in terms of the business, we have been focused for quite some time on strengthening the suppliers that we source from.”

Mclaughlin further said, “The 25 percent that we have committed to source locally within each trade area for cash and carry is for each store. So, the idea is source for the needs of the customers – the Kiranas, the restaurants, hotels in that immediate area from the immediate farmers so that we create a kind of a local market.”

On CSR, Mclaughlin said, “That is really important and obviously a great incentive for companies to do that. We think companies should do both, CSR and investments through philanthropy, and consider the business as an opportunity to help society.”

Sona Comstar plans to launch IPO in 2 years

Sona Comstar on Saturday said it’s planning to launch an initial public offering (IPO) in two years after Blackstone Group completed the acquisition of a 33 percent stake in Sona BLW.

In an interview to CNBC-TV18, Sunjay Kapur, chairman, said the combined sales of the two companies would be $510 million.

On investments, he said, “Today it is predominantly internal combustion engines (ICE). Even though we are global suppliers, we are supplying mostly to ICE. However, all our new investments in 2019, especially, we are looking at a capital expenditure of close to $30 million which would be geared towards electrification and hybrid.”

Speaking about the demand for electric vehicles, Kapur said, “One is the consumer-driven demand and then is regulations. These are the two things that drive any policy change or any change in habits or environment. Today, I feel that the electrification of vehicles will depend very heavily on the ecosystem that is created.”

“The consumer has ranging anxiety, the consumer is not familiar with how electrification will work, where he or she will charge the vehicle, etc. So once that comes around and there is clarity on that, and we see infrastructure being built, I think the demand for electric vehicles will increase,” he added.

Mark Mobius says internal and external factors behind India’s slowdown

FILE PHOTO: Mark Mobius, executive chairman at Templeton Emerging Markets Group, speaks during the SALT conference in Las Vegas

Emerging markets fund manager and founder of Mobius Capital Partners LLP, Mark Mobius, on Saturday said internal and external factors are behind India’s slowdown after country’s economic growth slumped for the fifth straight quarter to an over six-year low of 5 percent in the three months ended June.

Talking about his latest book, Invest For Good, A Healthier World and A Wealthier You, Mobius said more and more people are putting money into passive funds; exchange-traded funds (ETFs) etc, and active investors are fighting against the tide. The book is co-authored by Carlos von Hardenberg and Greg Konieczny.

“However, more and more people are beginning to realise that it is necessary to have active engagement with companies and the only way you can do it is by having active investment managers,” he added.

Mobius said, “Studies have shown, as we indicated in the book, companies that have good ESG credentials (ESG stands for Environmental, Social & Governance) perform better and our emphasis is going to be to try to get companies to change their behaviour so that they become good ESG companies.”

“Therefore, we feel that the first step is governance; unless you have good governance, unless you have management who are aware of what’s happening around them in the society, in the environment then you are not going to have any change – that’s the whole emphasis of our investment criteria,” he said.

Speaking further about the book, he said, “From the very beginning when we started in 1987, looking at emerging markets companies, we were unconsciously aware of ESG because it’s a risk control situation. If a company is polluting the environment in any country, they are going to get into trouble. So, we were aware but it was not coined ESG; the term was no formulated at that time but we already were doing that in our research.”

On India front, he said, “An interesting thing about the country is that more and more companies are becoming aware of ESG as they realised in the past that it hurt their profitability and they are standing in the community by not adhering the good ESG standards.”

“There is no question in my mind that from a long-term perspective India will continue to grow at a good pace. Yes, there is a hiccup now and that’s mainly because a lot of the reforms have not been moving fast enough and there was a lot of confusion regarding taxation,” he further added.

“Therefore, when we talk about governance; we are not only talking about corporate governance but we are also talking about state governance, government governance. The government has to apply consistent policies that would be acceptable to the society and will help the society grow and that’s going to be happening with the Modi revolution that you are seeing here in India,” said Mobius.

“India’s growth can be corrected in a year or two with new policies coming in, new infrastructure spending by the government and most importantly a clarity on taxation and this is the biggest concern that I have been hearing among businessmen both domestically and internationally. Let’s make it clear and consistent so that not many-many changes come along the way,” he added.

According to him, rolling back surcharge levied on foreign portfolio investors (FPIs) was a very good move and he is happy to see India focusing on water resources and preservation.

Storyboard: Magicbricks ropes in Ayushmann Khurrana & Kriti Sanon as brand ambassadors

Change of address is something that most of us have experienced in our lives. At a micro-level, when we change our address, things change in the world within us too.

“Pataa Badaltaa Hai Toh Bahut Kuchh Badalta Hai” that is what MagicBricks is telling people through its new campaign, which features actors Ayushmann Khurrana and Kriti Sanon.

In this episode, Storyboard’s Ankita Saxena takes you on the location of this campaign shoot to find out more.

Also, take a look at the new campaign for HDFC Life and Dailyhunt.

Storyboard: Wendy Clark, from being a receptionist to becoming a CEO

In this episode of Storyboard, we bring you Wendy Clark, chief executive officer of DDB Worldwide. She made her second visit to India, a market she says is very important to the agency.

As someone who started out in this industry as a receptionist, Clark has emerged as one of the few women at the CEO position in a creative agency setup.

Storyboard caught up with her on her recent visit and spoke to her about the global slowdown and gender disparity in the advertising industry.

Also, take a look at some of the big happenings from the world of advertising and marketing this week.

 5 Minutes Read

All that you need to know about Mutual Funds last week

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

 Listen to the Article (6 Minutes)

Summary

The share of gross household financial assets doubled from 3 percent to 6 percent between 2014 and 2018, as per data from Association of Mutual Fund of India (AMFI). AMFI-CRISIL factbook gives a picture of the changes in the mutual fund’s industry since 2014: Share of equity funds in total assets under management went up …

The share of gross household financial assets doubled from 3 percent to 6 percent between 2014 and 2018, as per data from Association of Mutual Fund of India (AMFI).

AMFI-CRISIL factbook gives a picture of the changes in the mutual fund’s industry since 2014:

  • Share of equity funds in total assets under management went up from 24 percent to 45 percent.
  • The AUM of equity funds grew at a CAGR of 38.6 percent. This includes both inflows and returns.
  • The AUM of Hybrid funds grew at 54 percent CAGR, liquid funds at 27 percent and debt funds at 8 percent.
  • Individual investors upped their share of AUM from 48 percent to 58 percent in this period.
  • The average ticket size for individual investors increased from Rs 1.02 lakh to Rs 1.69 lakh.
  • The annual SIP flow from individual investors increased from Rs 44,000 crore in FY 2016-17 to nearly Rs 93,000 crore in 2018-19.

August 19 was the 26th time since 1990 that Nifty had 3 negative monthly returns in a row. We are seeing some forwards that claim that 3 consecutive down months have usually meant a positive return the next month. We wanted to check for ourselves and ran the same backtest all the way to 1990.

If we look at the past 25 instances that Nifty had 3 negative monthly returns, we do find a small positive return of 1.5 percent in the next month. Unfortunately, it is not statistically significant.

This follows reason as well. While everyone agrees that reversion to mean happens in the market, there is no reason for it to happen at precisely 3 down months. Our advice is to be very wary of such analysis of market timing and almost never ever to follow it.

On Friday, union finance minister Nirmala Sitharaman announced plans to merge 10 public sector banks into 4. This move will bring down the number of PSU banks to 12 from 21. According to the plan:

  • Indian Bank will be merged with Allahabad Bank (anchor bank – Indian Bank).
  • PNB, OBC and United Bank to be merged (PNB will be the anchor bank).
  • Union Bank of India, Andhra Bank and Corporation Bank to be merged (anchor bank – Union Bank of India).
  • Canara Bank and Syndicate Bank to be merged (anchor bank – Canara Bank)

The Central Statistics Office released GDP data for the April-June quarter on Friday. India’s GDP grew by 5percent in the first quarter of this Financial Year. In comparison, the GDP growth rate was 5.8 percent during the same period in 2018.

Index Returns

Index 1W 1Y 3Y
NIFTY 50 1.8% -5.6% 8.0%
NIFTY NEXT 50 4.2% -15.0% 4.7%
S&P BSE SENSEX 1.7% -3.5% 9.6%
S&P BSE SmallCap 2.9% -26.6% -0.2%
S&P BSE MidCap 2.0% -19.9% 0.8%
NASDAQ 100 3.0% 0.6% 17.2%
S&P 500 2.8% 0.9% 10.4%

Source: BSE / NSE

Top 5 best performing funds

Name 1W 1Y 3Y
DSP Natural Resources & New Energy 5.2% -18.6% 6.3%
DSP World Gold 4.8% 46.5% -3.9%
Kotak World Gold 4.8% 37.9% -5.4%
UTI Nifty Next 50 Index 4.2% -14.3% NA
IDBI Nifty Junior Index 4.1% -14.1% 5.6%

Source: Kuvera.in

Top 5 worst performing funds

Name 1W 1Y 3Y
HSBC Brazil -4.3% 24.4% 7.4%
Principal Global Opportunities -1.5% -9.9% 8.5%
PGIM India Global Equity Opportunities -1.5% 8.9% 12.4%
Reliance Strategic Debt -0.7% -1.0% 4.6%
HSBC Global Emerging Markets -0.6% -7.4% 5.7%

Source: Kuvera.in

What Investors Bought

We saw the most inflows in these 5 Funds –

Name 1W 1Y 3Y
UTI Nifty Index 1.8% -4.4% 9.2%
Kotak Standard Multicap 2.0% -3.8% 10.0%
UTI Nifty Next 50 Index 4.2% -14.3% NA
Mirae Asset Large Cap 2.3% -2.3% 11.4%
Axis Bluechip 1.8% 2.2% 13.7%

Source: Kuvera.in

What Investors Sold

We saw the most outflows in these 5 Funds –

Name 1W 1Y 3Y
DSP World Gold 4.8% 46.5% -3.9%
Tata Equity PE 2.4% -10.0% 8.6%
Franklin India Equity Saving 0.8% 2.4% NA
Aditya Birla Sun Life Equity 2.1% -8.7% 7.2%
ICICI Prudential Equity Saving Cumula… 0.8% 6.7% 7.4%

Source: Kuvera.in

Movers & Shakers

1/ UTI Mutual Fund has announced the change in fund manager for a few schemes including UTI Mid Cap Fund and UTI Long Term Equity Fund.

2/ Axis Mutual Fund has announced that U R Bhat has ceased to be an Independent Director on the Board of Axis AMC and Venkataramanan Anantharaman has been appointed in his stead. The fund house also announced the appointment of Ravi Narayanan as a Director on the board of the AMC.

3/ Indiabulls Mutual Fund has announced that Rekha Warriar, Independent Director, has resigned from the Board of Indiabulls Asset Management Company Limited with effect from 27 August 2019.

4/ Edelweiss Mutual Fund has announced that K V Hegde has ceased to be an Independent Director of Edelweiss Trusteeship Company Limited, with effect from 24 August 2019.

Quote of the week:

There are no great limits to growth because there are no limits of human intelligence, imagination, and wonder: Ronald Reagan

Gaurav Rastogi is the CEO of Kuvera.in: India’s first completely free Direct Mutual Fund investing platform.

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
Start Quiz Now
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?