Ruchika Shah leads the web, social, and events teams. You will often find her checking, rechecking, tweaking, and rewriting headlines and all things text and multimedia. A postgraduate in journalism from the Xavier Institute of Communication, and a Psychology Major from Maharaja Sayajirao University, Vadodara, Ruchika has previously worked with NewsWire18 (now Cogencis), Business Standard, Autocar India, and DNA India where she has written on everything from commodities to the economy, and automobiles to sustainability. When she's not working, you will find her—in no particular order—cooking up a feast, planning a vacation, or furiously crocheting.
Image (Clockwise from top left): Madhu Kapparath; P Ravikumar for Forbes India; P Ravikumar for Forbes India; Amit Verma
It's weekend, so it's time to bring out all the stories you bookmarked to read later. We made it easier for you by compiling the best stories our writers wrote this week. So sit back and relax.
1) SoftBank may drive consolidation in India This week, SoftBank took strides to make its new bet in the Indian ecommerce space after pulling out of Snapdeal. SoftBank was looking to merge the two entities to form a formidable player against Amazon in the Indian market, after Snapdeal began losing to both, Flipkart and the US-based ecommerce major. But that deal fell through, with Snapdeal's founders going in favour of Snapdeal 2.0, a leaner version of the e-tailer. Masayoshi Son, founder and chief executive of Softbank gave his blessings and moved on to Flipkart. This blog by our Special Correspondent Sayan Chakraborty explores whether there is, in fact, enough space for two major players in the Indian market or are we staring at an eventual consolidation? Click here to read
2) Devi Sea Foods: Getting under the shell of it This story by our Senior Associate Editor Pravin Palande explores the journey of Devi Sea Foods, as a part of our Bootstrapped Bosses package. The story explores the journey of the company that, by offering processed shrimps when others were only packaging and exporting whole, unprocessed black tiger shrimps to the Japanese and European markets. It also got around anti-dumping regulations to export to the US which attracted a 3.5 percent duty and how it would pay farmers upfront for their produce. It also talks about Devi Sea Foods' asset reconstruction business which was set up especially to help small companies. Click here to read
3) HUL, Asian Paints ranked among world's top 10 most innovative companies This year's Forbes's 'The World's Most Innovative Companies' 2017 list is out and it features two Indian companies on it - Hindustan Unilever and Asian Paints. The list includes firms that investors feel are most likely to come up with the next big innovation. Our Editor (Online) Neeraj Gangal takes you through some of the highlights of the list. Last year's list, however, had five Indian firms as a part of the list. Click here to read
4) We want to be more relevant as a total beverage player: Coca-Cola India President Our Assistant Editor Paramita Chatterjee interacts with Coca-Cola India's new president T Krishnakumar, discussing his new role, fast-tracking plans and accelerating the evolution of their fruit-based drinks, in line with the government's vision for beverages companies. It takes you through Krishnakumar's journey in the company where he has been since the last 14 years, where initially he was with Hindustan Coca-Cola Beverages, the company's own bottling unit. Click here to read
5) Stitching Success Our Associate Editor Aveek Datta writes about Manyavar, the bootstrapped company that make it big in Indian festive fashion, thus organising retail in the sector. It talks about how Kolkata-based Rahul Modi, along with his wife built a company starting with seed capital of Rs 10,000, in 1999. From there, the company has become a national success and has 450 stores across India, Bangladesh, UAE, Nepal, and the US. It recently launched a women's ethnic wear brand Mohey which is now present in 50 stores across 40 stores. Click here to read more
6) Built To Last Building a bridge construction company ground up with zero capital, Sat Paul Singla's eponymous company SP Singla Constructions started with a single Rs 10 lakh project in hand. Over 21 years, the company has grown to revenue of Rs 1,150 crore in year-ended March 2017 with a debt of only Rs 52 crore. How did this construction company keep its head when other construction companies around them are losing theirs? How did a single civil engineer build his portfolio from the initial Rs 10 lakh to now Rs 700-crore projects. Read this story by our Senior Assistant Editor Samar Srivastava.
7) From a Yarn: How TK Chandiran of SCM Group Companies created a textile empire From being a weaver who opened a small shop in 1962 Madhurai, selling khadi and handloom textiles, to becoming a business that caters to international marquee brands like Disney, Hanes, Marks & Spencer, Walmart and Decathlon SA, this story by Harichandran Arakali, our Editor (Technology) tells you about the SCM Group and its 64-year-old managing director who started working at his father's shop when he was only ten years old. Click here to read
8) Does one need to choose between Provident Fund, Superannuation and NPS? Investors' interest in National Pension Scheme piqued after the government recently announced additional tax benefit on it. NPS became an attractive scheme vis-à-vis other retirement products. With the scheme gaining so much momentum, the buzz has now moved to the portability of members' accumulation from Provident Fund/Superannuation to NPS. But do you need to choose between PF, Superannuation and NPS at all? Click here to read