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Ravi Modi started Vedant Fashions in 1999 with the Manyavar brand, selling pajamas, saris, sherwanis(long-sleeved outer coats), kurtas, lehengas (ankle-length skirt), and salwar sets (trouser-and-tunic combination).
Vedant Fashions designs clothes but outsources bulk of the manufacturing. It currently has 590 outlets in 228 Indian towns and 13 in North America and the UAE.
Manyavar is its flagship men’s line, while Mohey is its 2015 women’s collection. Both are mid-premium or affordable aspirational.
According to Forbes, Modi listed 15% of the company on the Indian stock exchanges in February—the basis of his $3.75 billion fortune that adds him to the ranks of India’s richest this year for the first time.
Modi grew up with three sisters in Kolkata. His father was a first-generation entrepreneur who opened a clothes company in 1975. Kolkata’s AC Market is one of the city’s earliest air-conditioned markets, including clothing, jewelry, and electronics retailers.
The 45-year-old billionaire lives in a big bungalow on the outskirts of Kolkata where he grows his own fruits and vegetables. With 30 years of retail expertise, he provides a fresh perspective on money and career. “Earning wealth without earning time is meaningless,” he told Forbes.
Moreover, according to Forbes, he spends a quarter of his time on business, asset management, and philanthropy, and the rest on health, relationships, and learning. His daily activities include meditation, yoga, and studying strategies of retailers such as LVMH, Nike, and Uniqlo.
- 2 min read
Stories
Filipino teenager Given Mendoza turned her fangirling into a business. As a K-Pop fan, she loves collecting merch of her favorite Korean pop idols.
Given realized that these items can increase in value. She then found a way to earn by reselling them and worked on growing the business.
With the business’ great potential, the 13-year-old launched her online store, G’s KPop Kilig, “I decided to buy some albums for myself. I also bought some extra albums to sell, to see if I can earn profit,” she told the local news.
Later on, she was able to save enough to open a physical store in Baguio City, Philippines, and sells milk tea and K-Pop merch. As an “Army ”of the popular Korean group BTS, she also incorporates some inspiration to her milk teas.
- 1 min read
Stories
Ali Ahmed Aslam, a chef who is thought to have created Britain’s favorite curry the ‘chicken tikka masala’, passed away at the age of 77.
Aslam’s death was announced by his Glasgow restaurant, Shish Mahal, which closed for 48 hours as a sign of respect. His funeral was held at Glasgow Central Mosque, where the public was invited to attend.
Aslam was born in Pakistan and moved to Glasgow as a child, establishing Shish Mahal in 1964.
Aslam told the AFP news agency that he came up with the chicken tikka masala in the 1970s after a customer asked if there was a way to make his chicken tikka less dry. He then added a creamy tomato sauce.
In 2009, Aslam advocated for the city to be recognized as the chicken tikka masala’s birthplace.
He pushed for Glasgow to get EU Protected Designation of Origin status for its curry and introduced an early-day motion. However, several other places in the UK have claimed to have originated the dish.
- 1 min read
News
Beginning this December 31st, John Yang will take over as the new host of PBS News Weekend.
The 64-year-old veteran news correspondent and commentator covered politics and international events for most of his career. He had been exposed to these topics since the 1980s, not long after receiving his degree from Wesleyan University.
He worked as a journalist for The Boston Globe, Time, The Washington Post, and NBC News before joining “NewsHour” in early 2016 as a national correspondent covering the election and the first year of the Trump administration.
Since that time, he has concentrated on reporting more about the Supreme Court and intends to continue doing so.
Yang pledges to deliver the same sorts of subjects that are vital to the weekday audience which according to him can only be seen on “NewsHour” with his new position.
“Getting out in the field is really what gives my work energy,” he adds.
Yang will also be allowed to blend in other stories that may surprise viewers, according to Rachel Wellford, executive producer of the half-hour weekend program.
“Viewers may anticipate a combination of the lighter fare that people like to watch on weekends, including interviews with musicians, artists, and athletes. Weekends allow us to cover a wide range of topics that we may not have time to cover during the five-day-per-week “PBS NewsHour” program. On that, we’ll keep expanding,” she said.
Yang will take over for Geoff Bennett, who will join Amna Nawaz on the daily version of PBS NewsHour, following Judy Woodruff.
- 2 min read