India’s beauty and personal care market to touch $30 billion by 2027
New Delhi: India’s beauty and personal care market is projected to touch $30 billion by 2027, accounting for about 5% of the global market, according to a report launched by Redseer Strategy Consultants along with Peak XV.
The beauty market in India is currently under-penetrated, on a per capita basis spends on beauty and personal care stand at $14 in the country compared to $313 in the US and $38 in China.
Meanwhile, the report projects that online commerce will become a “significant channel" for the beauty and personal care industry. Redseer estimates that the online beauty and personal care market will touch $10 billion by 2027, making up 33% of the total market by then.
“Globally, there's a growing need among consumers for products ‘made for them', tailored to individual skin or body types. They are increasingly willing to pay premiums for effective and safe solutions, leading to rapid growth in the masstige and premium categories. While consumers use the internet to research products, they are willing to shop across both online and offline channels," said Rohan Agarwal, Partner, Redseer Strategy Consultants.
Brands focused solely on pure-play beauty and personal care have disrupted the market by targeting specific use-cases, leading to higher growth rates, gross margins, and profitability compared to FMCG-led BPC players, the report said. In fact, a clutch a new brands have disrupted the beauty and personal care market over the last few years posing stiff competition to established brands. Brands such as Sugar, Mama Earth, Kay Beauty, among others have emerged drawing new consumers into their fold.
Consumers, on the other hand, also have better access to such brands thanks to e-commerce platforms that offer a variety of options.
“Indian beauty and personal care market is growing at a rate twice as fast as FMCG-led brands, signaling the significance of specialized, beauty and personal care-focused players," according to the report. As the Indian beauty market matures, the report anticipates the emergence of multiple hundred-million-dollar pure-play beauty and personal care brands.
Such brands have built portfolios around specific skincare routines prompting incumbents to launch products to compete with them.
“From acne management to anti-ageing solutions, specialized use cases are where we're seeing a lot of the action. Brands are spending a significant portion of their resources and organisation bandwidth on new product development, R&D, and customer insights to drive more efficacious products to a targeted audience," said Sakshi Chopra, MD, Peak XV.
Source: Live Mint
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Apple iPhone 15 Series First Look In India Published 52 minutes ago
Apple iPhone 15 sale in India started on Friday and people have definitely been excited to get the new iPhone 15 models. Apple Stores have seen huge lines at the Apple BKC and Apple Saket store with many people there to pick up their pre-ordered iPhone 15 Pro or 15 Pro Max. Some have even camped outside the Apple Store waiting to buy their favourite iPhone 15 series model in their preferred colours.
Here's your first look at the iPhone 15 series, its USB-C cable and the charging adapter that iPhone 15 buyers need to get separately.
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R Madhavan owns
As the newly released iPhone 15 series from Apple is available for purchase starting today, Apple stores are already experiencing a significant influx of customers as they prepare to acquire the company's flagship product.
In the midst of this, actor, writer, and director R Madhavan recently revealed that he has bought the new device and expressed his pride and excitement in owning the “MADE IN INDIA iPhone 15."
Source: Live Mint
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Trai issues pre-consultation paper on inputs for National Broadcasting Policy
New Delhi: The Telecom Regulatory Authority of India has issued a pre-consultation paper on inputs for formulation of a ‘National Broadcasting Policy.’ This July, the ministry of information and broadcasting had requested the regulatory authority to give its considered inputs under the TRAI Act, 1997, for formulation of the policy.
In its letter, the ministry said that the broadcast policy needs to identify the vision of a functional, vibrant and resilient broadcasting sector which can project India's diverse culture and rich heritage and help the country's transition to a digital and empowered economy. “In the light of the potentialities and intersection with national goals, a National Broadcasting Policy stipulating the vision, mission, strategies and the action points could set the tone for a planned development and growth of the broadcasting sector in the country in the era of new and emerging technologies," a statement from Trai said.
Hence, a pre-consultation is being done with all stakeholders to elicit the issues which are required to be considered for formulation of such a policy, Trai has said. Written comments from stakeholders have been invited by 10 October.
Last month, Trai had released a consultation paper on issues faced by the broadcasting sector, seeking responses to 32 questions, ranging from tariff, interconnection, and quality of service to financial disincentives.
The authority had sought response on whether the network capacity fee (NCF) of ₹130 should be reviewed and if distribution platform owners (DPOs) should be allowed to have variable NCF for different bouquets or plans within the same location.
Trai also sought views on whether it should revise the current provision that NCF for second TV connection and onwards in multi-TV homes should not be more than 40% of declared NCF per additional TV, and in case of such homes, whether the pay television channels for each additional TV connection be also made available at a discounted price.
Source: Live Mint
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More than 10 people were injured when Manipur security forces fired tear gas shells on protesters for trying to storm police stations and court arrest demanding the unconditional release of the five arrested youths on Thursday.
As a precautionary measure, the state government cancelled curfew relaxations in the twin districts of Imphal from 5 pm, officials said.
Responding to a call by six local clubs and Meira Paibis demanding the release of the five village volunteers, hundreds of protesters holding placards and shouting slogans tried to enter the Porompat police station in Imphal East and Singjamei police station and Kwakeithel police outpost in Imphal West district.
However, police and RAF personnel deployed at strategic positions fired several rounds of tear gas shells to disperse the crowd.
A protester, identified as Th Bimola at Porompat said, "We were left with no option but to court arrest as the government failed to release the five village volunteers. If such village volunteers are arrested, who will protect the Meitei villages in the periphery of the hills and the valley Kuki Zo militants." Similar attempts to enter the Mayang Imphal police station in the Imphal West district and the Andro police station in the Imphal East district were also reported.
All Langthabal Kendra United Clubs Coordinating Committee president Yumnam Hitler said, "The decision to launch the 'voluntary mass arrest' agitation was taken after the government took no steps to release the five arrested youths." On September 16, Manipur Police arrested five persons for carrying sophisticated weapons and donning camouflage uniforms. In a statement, police said the five had been produced before the judicial magistrate and remanded to police custody.
In the evening, the state government cancelled curfew relaxation in the twin districts of Imphal in the wake of the violence.
According to an official order by the district magistrate of Imphal West, "Curfew hours, which was relaxed from 5 am to 9 pm on September 21, stands withdrawn with effect from 5 pm and restriction of movement of general public outside their residences is enforced in all areas of Imphal West district." Similar orders were also imposed in Imphal East district, officials said.
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What If They too Block Visas
The escalating diplomatic tension between New Delhi and Ottawa is giving anxious moments to families of about five lakh Indian students studying in various colleges across Canada. Almost 70 per cent of the students in Canada come from Punjab, forcing parents to make frenetic calls to immigration agents and local politicians inquiring about the safety of their children.
Last year alone, about 2.5 lakh students moved to Canada from India, most for a two-year study course, out of which over 70 per cent are from Punjab. Estimates by various Punjab-based groups indicate that about Rs 50,000 crore is spent on the education of the children in Canada annually. The suspension of visa services in Canada has also come as a shocker for the families.
Prospective students looking to move to Canada in the coming months are expressing deep concerns about the potential disruption of their plans if Ottawa reciprocates with similar visa restrictions.
Canada boasts a substantial Indian diaspora, with statistics from the 2021 census revealing that individuals of Indian origin make up approximately 3.7 per cent of the country's population, while Sikh-Canadians constitute around 2 per cent.
Immigration agents fear that any reciprocal action by Canada can prove disastrous. “What if Canada takes a similar step? What will the students who are waiting for visa clearance for studies there do?" remarked Manjit, an immigration agent from the Doaba region.
Also, uncertainty revolves around the visit of Punjab-origin Canadians back home. “Many of them traditionally visit India between November and January for various reasons such as weddings, family functions, medical treatment, etc. What will they do now?" he added.
The diplomatic row has worried those parents who have already paid the fees for their children to go to Canada on study visas. “My daughter has been admitted to an institute in Abbotsford, Canada. Her academic session will begin in January. I have paid nearly Rs 22 lakh, including fees and other expenses. However, her visa is awaited. Now, I am worried as the situation is turning grim every day. Our family is just praying for the situation to turn normal," said a worried parent in Punjab's Gidderbaha town.
Many worried parents are rushing to their immigration agents and making enquiries about the worsening diplomatic situation. “It's a fluid situation. After all, Canada was one of the preferred destinations for people from Punjab, be it for studies or work. Now a big question mark hangs over it," commented a Chandigarh resident planning to immigrate to Canada.
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Flipkart Big Billion Days Sale 2023 coming soon
Walmart owned Flipkart has teased its upcoming Flipkart Big Billion Days 2023 Sale on the platform. The sale is often considered a high time revenue generation chance for the e-commerce platform and potential customers in India also wait for it. As per the track record, interested buyers can expect bank offers, discounts, cashbacks and price cuts in broadly all categories.
According to Flipkart, the date and schedule of the sale is not out yet. However, as per a report by Jagran, the sale is likely to begin in India from October 3 onwards.
As per the previous sale trends, Flipkart usually offers heavy discounts on several categories, including home appliances, furniture, electronics, gadgets, fashion apparels and more. Interestingly, the sale will also offer heavy discounts on OnePlus, Samsung, and Apple.
Moreover, Flipkart has launched its official landing page for the sale. As per the page, electronics and accessories are expected to get up to 80 per cent off. Similarly, TV and appliances can also get up to 80 per cent off.
The Flipkart also announced that it will reveal the deals from Apple products on Oct 1, 2023, whereas the deals on Samsung will be revealed on Oct 3, 2023.
Apple India is now accepting pre-orders for the iPhone 15 series, with the official release date set for September 22. Customers in India can take advantage of substantial discounts of up to ₹6000 on the iPhone 15 series. These attractive offers can be accessed on the Apple India website as well as at their retail outlets in Delhi and Mumbai. Apple India is currently offering an immediate discount of up to ₹6,000 when you make a purchase on their website using an HDFC Bank card.
It will be interesting to note how much discount Flipkart will offer on the newly launched iPhone 15 Series. With the rising demands for iPhone 15 series devices, it is possible that the smartphones can quickly become out of stock. Hence, it is advisable to add the desired smartphone in the cart before the sale begins and the card details are also saved prior, in case the payment mode will be the bank cards.
Source: Live Mint
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Trudeau’s India policy - from trusted friend to strained ties
Canadian Prime Minister Justin Trudeau’s allegations that India was involved in the killing of a pro-Khalistan leader in Canada have strained the bilateral relationship. Trudeau, who had once termed India as a “trusted friend", has now become the focus of much public anger in India. Mint takes a look at what went wrong.
The origins of Trudeau?s India policy
Trudeau assumed office after a landslied victory in 2015. He inherited a strong relationship with India, thanks in part to the efforts of his predecessor, Stephen Harper. India and Canada concluded a landmark nuclear cooperation agreement during Prime Minister Narendra Modi's visit to Canada in 2015. During the 2015 election, Trudeau's Liberal Party called for closer trade ties with India in its election manifesto.
What happened after his election?
For some time, there was concern that Trudeau's government was less serious about taking ties with India forward. Then high commissioner to India Nadir Patel had to dismiss concerns that the relationship was adrift. It was also thought that talks on a trade deal, which had begun under Harper's government in 2010, were in trouble. However, Trudeau made a high-profile visit to India in 2018. He announced an expansion in cooperation on counter-terrorism, energy and bilateral investments. However, the trip was marred by a number of occurrences. Canada's public spat with senior politician Captain Amrinder Singh, and Trudeau's refusal to meet him, drew flak. Jaspal Atwal, an extremist convicted for attempting to kill an Indian cabinet minister in 1986, was invited to a dinner at the Canadian high commission during Trudeau's visit. This caused outrage in India and the invitation to Atwal was hastily withdrawn.
Did that hurt ties significantly?
In the years since, both sides have stepped up cooperation in some fields. Trade volumes grew and free trade agreement talks picked up pace. India featured prominently in Canada's Indo-Pacific policy and both sides also spoke of stepping up defence ties. However, political tensions also grew. Trudeau's comments on the farm law agitations in India in 2020 drew criticism from the Indian government.
What sparked the latest crisis?
The year 2023 started well for India and Canada. Foreign minister Melanie Joly visited India twice and spoke of a need for enhanced cooperation. But, ties quickly turned for the worse, particularly because the Khalistan issue resurfaced in bilateral ties. Attacks on temples and demonstrations near the Indian high commission in Ottawa led to increased tensions between the two countries as India accused Canada of not taking its concerns seriously. India's foreign minister S Jaishankar accused Canada of practicing “vote bank" politics, in reference to the substantial support Trudeau's Liberal Party enjoys from Sikh Canadian voters. Matters took a turn for the worse when Trudeau accused India of foreign interference in Canada's politics.
Source: Live Mint
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