Titan Watches goes global via Amazon.com

As per some estimates, about $1 out of every $2 spent online in the US goes to Amazon.  Therefore, it was just a matter of time before Indian fashion brands began leveraging leveraging the digital marketing reach of Amazon.com to reach out to global audiences.

Indian jewellery and watch giant, Titan [Tata group company] has signed up with Amazon to sell in the US through its Global Selling Program. The deal will enable Titan to take its two popular watch brands — Titan and Fastrack — to global customers on Amazon.com in the US and eventually across other Amazon marketplaces.

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Gopal Pillai of Amazon India with S Ravikant, CEO of Titan Company.

 

“This is the first time we are taking the online route to enter a new market,” said S Ravikant, CEO – Watches and Accessories, Titan Company.

“The normal practice is to first identify local partners in a new market, set up stores, etc. This partnership is not just about Amazon taking Titan to the US market, it is about taking India to the US. The US watch market is estimated at $11-12 billion, to which e-commerce contributes 12-15 per cent.”

“We will offer Titan an end-to-end solution and help the brand cater to the growing appetite for quality Indian products amongst global consumers,” said Gopal Pillai, Director and GM, Seller Services, Amazon India. “Since its inception in 2015, our Global Selling Programme has grown multi-fold and has been constantly taking Made-in-India products global. We are delighted that the programme is enabling emerging companies as well as iconic Indian brands such as Titan to leverage the opportunity to access a large base of Amazon customers.”

The tie-up also enables Titan to market its range of watches, especially popular brands like ‘Edge’ and ‘Ragaa’ to customers across ethnicities on the Amazon platform in the US and its other marketplaces.

The watch market in the US is estimated to be $11-12 billion per annum. As part of its global strategy to market brands on its seamless e-commerce platform, Amazon will showcase Titan watches and subsequently its accessories as ‘Made in India’ products in the US and other markets.


More about Titan India (link) –  –Titan Industries is the world’s fifth largest watch manufacturer and India‘s leading producer of watches under the Titan, Raga, Orion, Nebula, Octane etc.

Amazon Global Selling – makes selling internationally simpler and easier. Learn more below about why you should sell internationally and get started today by registering in one of our marketplaces.

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Patanjali ‘s advert: appeal to all Patriotic Indians on the eve of 71st Independence Day

Baba Ramdev’s business genius in launching and driving swadesi, ‘Made in India’ products is still being analyzed by business leaders and students of business alike. The Yogi turned business magnate has skillfully introduced and nurtured a series of products that take on well entrenched players in the Fast Moving Consumer Goods (FMCG) space including Unilever, Nestle, Britannia and even Dabur among others.

Behind a folksy, homegrown veneer, Ramdev and his trusted lieutenant Acharya Balkrishna, (managing director of the company) operate a rather strong and serious business.

“According to CLSA and HSBC, Patanjali is the fastest growing FMCG company in India. It is valued at ₹30 billion (US$470 million) and some predict revenues of ₹5,000 crore (US$780 million) for the fiscal 2015–16. Patanjali declared its annual turnover of the year 2016-17 to be estimated ₹10,216 crore (US$1.6 billion). Ramdev baba has stated in his interview with CNN-News18 that profit from Patanjali Products goes to charity.” – Wikipedia

Continuing with a tradition of pandering to emerging desi nationalist sentiment, the company has launched a campaign with “appeals on 71st Independence Day to all Patriotic Indians (facebook)”

Patanjali_Advert

Patanjali products also seem to be a hit with Non Resident Indians (NRIs) and the Indian Diaspora.

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Promoting desi products and Yoga: Baba Ramdev frequently tours the west to promote made-in-India products

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Check out recent headlines on the Patanjali Story.   And also an earlier blog “Indian Style Innovation? Generate electricity using bulls”

Immigration Fraud: Indian to lose US citizenship after being convicted

Cutting corners while applying for naturalization is risky and the penalty for doing so is harsh and the US government is very unforgiving as Balbir Singh alias Ranjit Singh discovered.

US citizenship is a privilege that many legal immigrants aspire to. It takes a lot of persistence and effort to be granted this right by the US government. Of-course the benefits of  a US citizenship are many and well documented (link USCIS). Cutting corners while applying for naturalization is risky and the penalty for doing so is harsh and the US government is very unforgiving as Balbir Singh alias Ranjit Singh discovered.

A person of Indian origin, Balbir Singh was recently convicted by US government for using fake identity to get US citizenship. He faces up to 10 years in federal prison, a maximum USD 250,000 possible fine, revocation of his citizenship and enforcement of his outstanding deportation order.

Here is the sequence of events as appearing in the media.

  • A few years ago, Mr. Singh was ordered deported but lied about it to seek citizenship.
  • Acting US Attorney Abe Martinez said Mr. Singh had previously attempted to obtain asylum under false pretenses.
  • When that asylum attempt failed, an immigration judge ordered his deportation from the United States, thus making him ineligible to ever become a naturalized US citizen.
  • Instead of leaving the country, Mr Singh changed his name, date of birth, the manner in which he entered the United States and his family history so that he could obtain lawful immigration status.
  • He later applied for Naturalization based on a marriage to a United States citizen. In his Naturalization application, Singh denied ever being ordered deported, seeking asylum or using a different identity.
  • After obtaining the citizenship, a fingerprint comparison established the man previously ordered deported from the United States (Balbir Singh) and the man who later became a naturalized citizen (Ranjit Singh) were one and the same.
  • US District Judge Ewing Werlein is scheduled to set sentencing for October 13.

Turns out, it is not just Indians who are guilty. Even US officials sometimes participate in such fraudulent activities. A recent articles stats: US attorney gets Pakistan aide married to Indian origin man for Green Card, charged with marriage fraud.  “A US attorney, who got an Indian- origin naturalised American citizen ‘married’ to his Pakistani assistant so that she could obtain a Green Card, has been charged with marriage fraud along with his woman aide.”

Bottomline: The penalty for fraud and providing false information in US immigration is hard and those attempting this will get caught.

Also check out USCIS process to report Immigration Scams 

News articles about the topic:

 

NRIs : Is real estate in India not a good investment right now ?

NRIs continue to look for changes in policies with regards investing in Indian real estate (‘Flexible policies are the need of the hour’). Continuing from a recent post on “NRIs for real estate investment in India – Know the simple Rules”  here is an interesting article with infographic from Economic Times

Investments in property have earned insipid returns in the past few years. Find out why this trend is likely to continue for some time.

If you go by what real estate developers, housing finance companies and property agents say, this is the best time to invest in property. Or is it?

A recent research report by consultancy firm Knight Frank shows that home prices in eight major cities rose very tardily in the past three years.

In some markets, including the National Capital Region (NCR) and Kolkata, property prices have actually come down since 2014. Of course, this is not true for the entire real estate market. While prices have come down in some markets, some cities have witnessed a consistent rise. Within cities too, some pockets have done poorly, while others have flourished.

This is why ET Wealth assumed four different growth rates to see what investors can gain from real estate. We assumed that the buyer would put a downpayment of Rs 10 lakh and take a home loan of Rs 50 lakh (at 8.5%) to buy a property. Another Rs 6 lakh would be spent on legal costs and registration, taking the total cost of property to Rs 66 lakh.

How much will you earn from real estate Returns from property will depend on the expected rise in prices and could vary significantly across locations and cities. Here’s how much buyers would earn if property prices are assumed to rise at four different growth rates.

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A picture, worth a thousand words!

Assumptions: Buyer in 30% tax bracket. He earns monthly rent of Rs 10,000, which will rise by Rs 1,000 every year. Buyer also claims Rs 2 lakh deduction for home loan interest. IRR formula used for calculating returns. Home loan EMI is Rs 43,391 for 20 years at 8.5%

We then looked at the situation after three years. If the property prices rose by 3%, the investor would be in Rs 7.86 lakh in the red. Even though he earns rent (Rs 10,000 a month increasing by Rs 1,000 every year) and claims tax deduction (Rs 2 lakh) on the home loan, he pays 8.5% on the loan while the asset grows at 3%.

What would the investor have earned had he chosen to buy gold? Instead of the downpayment and legal costs incurred on buying the property, had he put Rs 16 lakh in gold and bought Rs 43,391 worth of the metal every month (the home loan EMI), his investment would be worth Rs 33.8 lakh in three years, assuming gold prices rose 3% every year.

Our calculation assumes that the buyer starts earning rent and saving tax from day one. If there is a delay in getting possession (not rare in the current situation), the returns would be lower. If property prices rise 6%, the investment would nearly break even in three years. But it would still be far less than Rs 36.2 lakh accumulated by investing Rs 16 lakh lump sum and a monthly investment of Rs 43,391 in a fixed income option that earns 6%.

Similarly, if property prices rose 9-12%, the investor would make money but still have less than what he could have earned from hybrid funds or equity schemes. As things stand, property prices are not likely to move up too much in the next couple of years.

The Knight Frank study does not paint a very rosy picture. The huge number of unsold units (more than 1.8 lakh in the NCR) and the long time taken to sell a property (up to 35 quarters in Faridabad) are worrying signs that point to a dull future. “Property is not likely to move up significantly in the next 2-3 years,” says Gulam Zia, Executive Director, Advisory, Retail & Hospitality, Knight Frank .

Source: Economic Times and India Real Estate study by Knight Frank.


You may also be interested in GaramChai.com Realtor and Return2IndiaSections.

Want to be part of India’s development? Know more about Joy of Giving!

“Although, the Indian Diaspora is a very heterogeneous group, there is a common factor which binds them- their desire to maintain their connection with their homeland and to contribute to the social and development efforts in India. We are seeking to strengthen and deepen our relationship through IDF-OI.” Smt. Sushma Swaraj, Minister of External Affairs & Chairperson, IDF-OI

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Check out the Government Of India’s India’s development Fund

Only in India: With No Money To Buy An Ox, Distraught MP Farmer Uses His Daughters To Plough Field

Much of the focus of the farmers on the west is to leverage technologies to increase yields. And back in India, it continues to be sustenance agriculture going back centuries.

Check out this video of a Farmer making his daughters plough his fields

A heartbreaking farmer story from the state of Madhya Pradesh (MP) reveals the sad reality of the ongoing crisis of debt-ridden farmers. Financial crisis reduced a farmer in Sehore’s Basantpur Pangri village to use his two daughters, instead of oxen to pull the plough in their fields.

With No Money To Buy An Ox, Distraught MP Farmer Uses His Daughters To Plough Field
Image source : Indiatimes

I do not have enough money to buy or take care of bulls for ploughing. Both my daughters quit their schooling due to financial crisis,” farmer told ANI.

Both daughters Radhika, 14 and Kunti, 11 years quit their education due to lack of money or financial support.  Soon after the video of Barela and his daughters ploughing the field went viral, the district authorities swung into action and instructed the farmer to stop the practice.

District Public Relation Officer (DPRO) Ashish Sharma said that the administration is looking forward into the matter and a proper help would be given to him under governmental schemes.

“The farmer has been instructed not to use children for such activities. Whatever help he can be given under governmental schemes, administration is looking into it,” Sharma told ANI. (source – 

Indian Passport holders aren’t globally welcome?

Indians and Indian passport holders have been traveling overseas in large numbers. An increasing number of them also travel to Europe to tour and explore new lands. As per a recent survey, Indians to spend more on holidays abroad this year:

Travel portal, TripAdvisor, polled more than 44,000 people across 25 countries during the survey conducted between January 16 and February 2. Of these, just over 32,158 were its own customers interviewed online. The others who participated in the survey were a mix of hoteliers and panellist from a market research company.

“Against the optimistic backdrop of the Indian economy, both travellers and hoteliers are expressing clear intentions that paint a positive picture for the Indian travel sector in 2015. Significantly, this optimism looks set to translate into a sharp spike in the number of Indians travelling abroad this year,” said Nikhil Ganju, country manager, TripAdvisor, India.

Of course, travel to foreign lands is fraught with uncertainty. Documentation and visa paperwork is just one factor to consider. However, having the right visas and travel permit is a major issue that Indians face while traveling overseas.

Take the example of the young lady from Mumbai, Khushbu Kaushal, who decided to visit and explore the East European country of Georgia (link) alone. Nothing wrong with that. Single women travelers are increasingly exploring the world alone. However, due to some paperwork issues, Ms. Kaushal was denied entry into Georgia and deported. It is unclear from her detailed facebook post what the issue was but what is appalling is her ordeal.

Kaushal
From Ms. Kaushal’s Facebook

She begins herFacebook post with an appeal to the Georgian Ambassador to India.

Dear Mr. Archil Dzuliashvili (Georgian Ambassador to India) ,

I am a citizen of India, a single woman who earns her honest living working for an advertising agency. This year for my annual break I decided to visit your country Georgia. It rated pretty high for solo woman travellers and the general topography and the history of the country was attractive enough to seal my decision.
My flight for Georgia took off from Mumbai on 29th June at 5am IST and I reached Tbilisi by 5pm Georgia time. I was carrying approved e-visa, letter from my employer stating I was on a holiday and will be joining back after my vacation, my bank statement to prove my financial stability, my hotel bookings to prove my stay in the country is legit and health and travel insurance in case anything happens to me while I am in your country.

….

The post went viral and was picked up my major Indian media outlets. From Indian media :