Latest news with #Millennial
&w=3840&q=100)
Business Standard
6 hours ago
- Business
- Business Standard
Lotte India eyes ₹3,000 crore revenue by 2027 after Havmor merger
On the back of the successful completion of the Lotte–Havmor merger, confectionery major Lotte Group is expected to cross a revenue of around ₹3,000 crore by 2027, up 71 per cent from around ₹1,750 crore in CY2024, said a top company executive. The company has also lined up an investment of ₹475 crore in India by December 2026, of which ₹225 crore will be allocated to Pepero. Early this month, Lotte Wellfood said it had completed the merger of its two Indian subsidiaries — Lotte India and Havmor Ice Cream — to unify the confectionery and food arms of the Lotte Group. 'Out of the ₹1,750 crore revenue clocked in 2024, the share of the confectionery business, or Lotte India, was around ₹720 crore, while the ice cream business (Havmor) contributed ₹1,030 crore. This is expected to touch ₹3,000 crore by December 2027, with Lotte India contributing around ₹1,250 crore and Havmor around ₹1,750 crore,' said Milan Wahi, managing director, Lotte India. The company on Wednesday officially launched Lotte Pepero, Korea's No. 1 biscuit snack brand from the house of Lotte Wellfood. The arrival of Pepero marks a new chapter for Lotte India and for new-generation snack lovers in the country. The product is made in India at Lotte India's new, state-of-the-art facility in Rohtak, Haryana, and is the company's foray into the biscuit snack category, designed and packaged especially for India's vibrant Gen Z and Millennial consumers. 'It has been a significant year for us — marked by double-digit growth, deeper market reach and record consumer engagement. To add to this excitement, we are also happy to launch Korea's most favourite snack brand, Lotte Pepero, to Indian consumers. With this, we're not just launching a product — we're introducing a brand that connects emotionally with India's new generation of snackers,' he said. 'On the back of the successful completion of the merger, we are now targeting a turnover of over ₹2,000 crore in calendar year 2025. We have also invested ₹475 crore in our Rohtak facility to set up a dedicated production line for Pepero and a state-of-the-art warehouse to scale for future growth,' Wahi added. Pepero is a non-messy, crispy and easy-to-carry snack available in two variants — original and crunchy — in trial packs and regular packs, priced between ₹20 and ₹70. The brand will be distributed via modern trade, standalone stores and high-end grocery channels across major metro cities, and will be available on all e-commerce platforms. With its India-first strategy — blending local manufacturing, cultural insight and emotionally engaging campaigns — Lotte India positions Lotte Pepero as the most shareable treat in the country. Lotte India Corporation Ltd came into existence after the takeover of Parrys Confectionery from the Murugappa Group in 2004. Lotte Wellfood (formerly Lotte Confectionery), the parent company of Lotte India, is part of the Korean conglomerate Lotte Corporation. The company is a key player in the confectionery space with strong brands such as Coffy Bite, Coconut Punch, Caramilk, Lacto King, jellies, lollipops and éclairs. Apart from the two state-of-the-art, fully automated Choco Pie manufacturing facilities in Chennai and Rohtak, Lotte India also has a confectionery unit in Nellikuppam (near Puducherry). Additionally, the company outsources production to seven other units across India.
News18
10 hours ago
- Entertainment
- News18
Ahaan Panday's Saiyaara Had Gen-Z In Tears, Millennials Fast Asleep And Boomers Missing
Last Updated: A video surfacing on Instagram depicts the actual reaction of Gen Z and Millennial audiences while watching Saiyaara. If you've been on social media lately, you've probably noticed, Saiyaara fever has taken over. The Mohit Suri-directed romantic drama, featuring debutants Ahaan Panday and Aneet Padda, has struck a deep emotional chord with viewers, especially Gen Z. But what's even more dramatic than the film itself is the audience's reaction. From loud cheers and emotional breakdowns to full-blown proposals inside theatres, the response has been nothing short of intense. With such an over-the-top response, it was only a matter of time before the memes rolled in. But one video in particular has captured everyone's attention, showing how different generations are reacting to Saiyaara, and it's downright hilarious. Here's How Gen Z And Millennials' Audiences Are Reacting Set during a screening of the Mohit Suri film, the viral video focuses on the 16–24 age group and shows a girl and a boy getting overly emotional, perfectly capturing Gen-Z's intense reaction inside theatres. Meanwhile, those in the 25–34 age group watched the film with visible confusion, their expressions screaming, 'What the hell is this?" The 35–40 crowd, on the other hand, seemed completely unbothered; some even dozing off mid-show. And as for the 40+ age group? The video hilariously shows… no one. Not a single moviegoer in sight. How Did Social Media React The clip instantly grabbed the attention of the audience, prompting many to share their own review of the film. An Instagram user commented, 'I even rejected without seeing." One of them wrote, 'I'm 34 and I can relate." Another one shared, 'At 45, I enjoyed it. Depends on your heart and not your age btw. But ya didn't cry or collapse." Another one shared, 'That's why I am not in the theatre haul." A comment read, 'Absolutely not, we 40+ also enjoyed thoroughly…it's only the heart u have to watch the movie." Another hilarious comment read, 'I just realised, 32 is new 40." The clip has gone viral for its spot-on (and exaggerated) portrayal of Boomers, Millennials and Gen-Z watching the film. Backed by Yash Raj Films, Saiyaara follows the story of Krish (played by Ahaan), a passionate but troubled musician, and Vaani (Aneet), a shy lyricist recovering from heartbreak. Their paths cross when Krish is inspired by Vaani's poetry and they begin collaborating on songs, forming a deep emotional connection that blossoms into love. The film explores their journey as they navigate their personal traumas and find comfort in each other's company, but it also introduces a challenging twist with Vaani's early-onset Alzheimer's. News18's viral page features trending stories, videos, and memes, covering quirky incidents, social media buzz from india and around the world, Also Download the News18 App to stay updated! view comments Location : Mumbai, India, India First Published: July 24, 2025, 11:50 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time Business News
10 hours ago
- Business
- Time Business News
Beyond The Look: The Ethical Appeal Of Vegan Leather Bags For Women
Fashion has long seen purses as essential accessories. While leather was once seen as synonymous with durability, elegance, and luxury, things have since evolved; vegan leather now offers stylish yet morally superior alternatives due to increased awareness around animal rights, sustainability and mindful consumption practices. Women's vegan leather purses represent more than mere trends; rather, they represent a deeper commitment to principles that go beyond appearance alone. Rethinking Fashion Through Ethics Conventional leather is made by tanning animal hides with toxic chemicals that have a serious environmental and moral implication, using much water, waste products and creating toxic by-products; such an operation cannot go undetected by stylish ladies concerned about clothing provenance. This makes conventional leather hard to accept for those interested in ethical fashion choices. Vegan leather represents an effective alternative that removes animal cruelty from fashion. Crafted using materials such as polyurethane (PU), cactus fibres, pineapple leaves (Pinatex) or apple peels – vegan leather bags serve to demonstrate that fashion needn't cost lives! Many ladies see carrying one as an unambiguous statement that fashion need not come at the cost of suffering animals. Conscious Consumerism On The Rise Gen Z and Millennial consumers, known for prioritising values over looks in purchasing decisions, are dominating fashion industry sales today. Their purchases reflect these customers' personal priorities more directly; these customers demand products which support sustainability practices such as cruelty-free manufacturing processes while asking companies for transparency on manufacturing process details – thus pressuring companies that once prioritised looks alone to adopt more ethical production methods. Vegan leather bags for women provide the perfect example of this shift in culture. By purchasing one, a woman not only selects an aesthetic accessory but is supporting an economy sector which prioritises creativity, empathy and environmental responsibility – serving as silent lobbying to prove the compatibility between conscience and beauty. Quality Without Compromise Vegan leather's reputation of being less sophisticated or durable is widely misattributed; however, advances in materials science have changed that perception dramatically. Modern vegan leather now can mimic animal skin in terms of texture, colour, strength and adaptability – it even boasts impressive durability properties! Vegan leather bags provide all of the functionality and style expected from luxury accessories, from stylish clutches to durable totes. In addition, vegan leather bags tend to be easier to care for, water resistant and lighter weight – all features that appeal greatly to working women who must juggle social obligations, employment requirements and multiple other responsibilities simultaneously. A Smaller Environmental Footprint Vegan leather boasts ethical appeal far beyond animal welfare; its environmental sustainability also extends far. Leather production requires many resources, such as water consumption and greenhouse gas emissions; however, in contrast to this practice, much vegan leather contains biodegradable or recycled materials, which reduce its environmental impact significantly. Producing leather from cork or cacti requires less water and chemicals for production than producing real leather, while synthetic versions, such as PU leather, can have reduced carbon emissions when produced ethically. Vegan alternatives may therefore represent an invaluable environmental solution, although no material is completely impact-free. Fashion As A Form Of Activism Fashion's visibility gives it its power. Women carry handbags every day; they form part of who they are and can demonstrate not just personal preferences, but ideals as well. Wearing vegan leather transforms this decision into an expression of sustainability, compassion, and contemporary thought, in addition to personal expression! Fashion trends have long been driven by women. By choosing vegan leather bags, they are having an effectful change on an industry traditionally driven by animal products for luxury products. Their purchases encourage manufacturers and designers to develop new materials, innovate more, and provide consumers with more ethical options. A Growing Market With Endless Options With demand steadily outstripping supply, there has been an explosion of beautiful, ethically made vegan leather bags available across a wide array of brands – from high-end designer collections to reasonably priced everyday ones – offering beautiful designs suitable for every occasion and event. There are now more choices available in terms of brands offering vegan options than conventional ones, with options just as great or better performance, depending on whether it is used as a work bag, statement clutch, crossbody purses, etc. A major challenge to ethical fashion has been presented by its abundance of possibilities, specifically vegan leather purses that often boast more fashionable, innovative, and colourful styles compared to their animal counterparts. Final Thoughts Women's vegan leather purses represent more than mere fashion statements; they symbolise an important shift towards eco-conscious living and conscious shopping practices. Vegan leather provides women who prioritise fashion that reflects their values with an ideal solution: gorgeous bags that serve both essentials and purposes. Opting for a vegan leather purse makes an important statement about our globalised world; every purchase can be seen as casting our vote about how we want the world to evolve in future years and should give peace of mind that fashion should benefit both individuals and society in equal measures. TIME BUSINESS NEWS
The Star
18 hours ago
- Business
- The Star
India's Gen Z billionaires bored with business
THE family that ran India's largest luggage maker for more than half a century is packing it in, with control of Mumbai-based VIP Industries Ltd, passing to private equity. 'What do I do?' Dilip Piramal, the 75-year-old chairman, wondered aloud in a television interview after announcing the sale. 'The younger generation is not interested in management.' Piramal isn't the only ageing businessperson to have run out of successors: 'Today among the scions of some of the most affluent families of India, someone is an artist, someone wants to be a sportsman, someone wants to run a small restaurant. 'There's nothing wrong in that. It's the modern trend, people want to do their own things.' Two hundred years ago, that 'modern' trend among young people used to be enterprise. That's when families like Piramal's began to spread out of the Marwar region in land-locked northern India to take advantage of British-controlled trading opportunities in the port cities of Bombay and Calcutta – now Mumbai and Kolkata. Cotton, jute, and opium sold to China provided the seed capital to the Marwari business community for everything from textile mills to cement factories. By the early 20th century, these emerging industrial empires were large enough to challenge the colonial masters and their commercial interests. The likes of Ghanshyam Das Birla openly supported Mahatma Gandhi's campaign for independence, even as they outran rivals like Andrew Yule & Co. The Birla House in Delhi, a prominent hub for the freedom movement, was also where Gandhi was assassinated. As the sway of family firms continued after India's 1947 independence, it was believed that newer generations would always be available to take over the reins. Below the surface, however, the link between ownership and management has been weakening for some time. Piramal's daughter, Radhika, a Harvard University MBA, was the chief executive officer for a few years before quitting in 2017 and relocating with her spouse to London. Her same-sex marriage is not legally recognised in India. The luggage maker was back to being in the care of professional managers, a double-edged sword considering that a rival firm set up by a former managing director is now three-fifths bigger than VIP by market value. The heirs of prominent business families – Millennial and Gen Z billionaires – are setting their own life goals. It's the sensible thing to do. In a labour-surplus economy, access to capital through clan networks and strategic marital alliances was family-run firms' core advantage. But via public markets and private equity, finance is now available to a much wider section of entrepreneurs. Risk-taking has been democratised. That frees up younger members of business dynasties to try new things. Someone recently asked the singer-songwriter Ananya Birla on social media if she was from the family behind India's largest-selling cement brand. She is indeed the great-great-granddaughter of Ghanshyam Das Birla. But from financial inclusion among rural women to a recently launched beauty brand, the 31-year-old Oxford graduate has her own interests that are independent of the sprawling commodities behemoth led by her father. Though they're from Tamil Nadu in southern India, and not Marwar in Rajasthan, it's the same for philanthropist Roshni Nadar Malhotra, the chair of HCL Technologies Ltd, a US$48bil outsourcing powerhouse founded by her dad. He gifted her the family's controlling stake in March. Running the tech firm's day-to-day operations is someone else's job. Nadar is passionate about wildlife conservation, among other things. Piramal is retaining 20% of VIP. But that's just a financial investment in a publicly traded security. He'll pare it down. Owners of unlisted firms are proceeding more slowly. A few months ago, the family behind Haldiram's, a 90-year-old Indian snacks brand, parted with a minority stake to Singapore's Temasek Holdings Pte and other global investors. Media reports put the firm's valuation at US$10bil. A scenario where India's business elite is basically a bunch of rich financiers, living off accumulated wealth, doesn't appeal to everyone. 'What concerns me is that many in this generation are taking the easy way out, especially in the post-Covid world,' says billionaire Uday Kotak, who retired two years ago as managing director of Kotak Mahindra Bank, which he founded in the 1980s as a finance company. 'They claim to be managing family offices and investments, trading in the stock market, allocating funds to mutual funds, and treating it as a full-time job.' But they are probably just smart to realise that they're sandwiched. On one hand, access to capital is no longer their abiding advantage. On the other, real economic power is concentrating in fewer hands. Viral Acharya, a former central bank deputy governor, has shown in his research that India's top five non-financial groups have expanded their share of total assets by eight percentage points in 30 years, whereas the next five business groups' sway has shrunk by roughly the same amount. From cement, steel, autos, power, and paints to retail, telecom, media, finance, and aviation, a handful of powerful conglomerates are pouncing on every new opportunity. No wonder the successors of tycoons like Mukesh Ambani, Gautam Adani and Sajjan Jindal are closely involved in management. Children from middling business families probably don't see the point of entering a new field only to see it being disrupted by a startup – or dominated by a bigger player. Many more Indian assets will change hands as their family owners ultimately lose interest in tending to them. In heading for the exit, Piramal, the luggage maker, has given a good indication of the direction of travel. — Bloomberg Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. The views expressed here are the writer's own.
Yahoo
a day ago
- Health
- Yahoo
The Rising Cost of Living Is Becoming a Mental Health Crisis for Young Employees
Modern Health's new workplace report finds 75% blame financial stress for fueling burnout and hurting productivity, 79% sacrifice mental health to meet work demands and 96% want preventative mental health support SAN FRANCISCO, July 23, 2025--(BUSINESS WIRE)--A new report from Modern Health, a global premium mental health solution provider, reveals a troubling picture of how Gen Z and Millennial employees are faring: only 16% rate their current mental health as excellent, with the vast majority grappling with anxiety fueled by economic uncertainty and financial stress that is taxing work productivity and personal time. In a survey of 1,000 American professionals aged 18 to 44, 79% not only feel anxious from economic uncertainty, concerningly they are also sacrificing their mental health to meet work demands. "Our latest report reveals that many of today's young workers are quietly pushing through mounting mental health challenges just to keep up at work," said Matt Levin, CEO of Modern Health. "They're not getting the support they need, which should be a wake-up call for employers. We can't afford to wait until someone is in crisis to act—we need to meet people earlier, with care that's proactive, adaptive, and designed to support the mental health of entire workforce populations." Anxiety is the New Cost of Living Financial anxiety and economic uncertainty are a key driver of mental health challenges for today's employees. Three in four say financial stress is fueling their burnout and hurting their productivity, 76% say financial anxiety is disrupting their sleep, mood and energy and directly impacting their productivity at work, and 68% say financial anxiety regularly interferes with their ability to do their jobs effectively. Financial and economic concerns are also dissuading employees from taking positive professional and personal actions in their lives. A resounding 74% of employees say they've delayed taking time off work due to financial concerns, while more than half (55%) have postponed seeking mental health care for the same reason. Even more concerning, 69% say they're staying in toxic job environments or avoiding necessary career changes due to economic fears. Repercussions of Hustle Culture The report reveals a troubling level of skepticism among younger employees when it comes to their employers' commitment to mental health. A striking 71% believe their employer uses mental health initiatives to mask a toxic culture, while 61% describe their company culture as flawed. Over half (53%) say their employer encourages self-care but makes it nearly impossible to practice. This erosion of trust is potentially fueling an unhealthy pace of work and worsening mental health in the workplace. A high majority (79%) say they routinely sacrifice their mental health to keep up with work demands, and 77% admit to checking emails during PTO, or avoiding time off altogether for fear of falling behind. Even when employees do take time off, 68% report feeling guilty, worrying it will be viewed as unproductive, or admit feeling pressure to "power through." Just 21% of employees say they can truly unplug without pressure from work. Alarmingly, 77% say they've worked through a mental health crisis because they felt they couldn't take a break. "The disconnect employees feel between their mental health needs and the realities of the workplace is a signal—not of failure, but of opportunity," said Dr. Jessica Watrous, Senior Director of Clinical Research & Scientific Affairs at Modern Health. "Many employers are doing their best to support well-being, but employees are still feeling pressure to be 'always on,' even when it impacts their health. By creating cultures that enable people to truly unplug and ask for help without guilt, organizations can build the kind of trust and resilience that helps both people and businesses thrive—especially in today's unpredictable environment." The Mental Health Care Gap and the High Cost of Inaction One of the most urgent challenges in workplace mental health today is the gap between when employees need support and when they actually receive it. The desire for early access to resources—before one is in crisis—is widespread, with a staggering 96% wanting access to preventative mental health support as a workplace benefit and 94% stating that they believe it would make a positive difference in their work lives. Spotlighting the growing care gap, 58% of employees admit they've waited until symptoms became unmanageable before getting help. The incentive for employers to close this gap is clear. Employees overwhelmingly believe access to preventative support would make a meaningful difference: 52% say they would feel more positive about their company, 51% say it would boost their productivity, and 49% believe it would help them avoid burnout altogether. And it's not just employees—99% of Gen Z and Millennial managers agree that workforce mental health programs positively impact overall business goals with almost half (49%) stating they directly influence business performance and results. For companies that fail to meet these needs, the stakes are high. More than half (52%) of respondents say they've considered quitting their job to protect their mental health—a clear signal that action is no longer optional. Worryingly, 1 in 7 young workers are actively searching for a new job for this very reason. "It's not surprising to hear that younger employees want mental health support before they're in crisis—it's something we see every day," said Alison Borland, Modern Health's Chief People and Strategy Officer. "For many, caring for their mental health is part of how they stay balanced and show up at work and in life—and they expect their employer to support that. Mental health can't just be treated as a problem to fix after it escalates. It needs to be a strategic priority, which means offering proactive, personalized support that evolves with people's needs. At Modern Health, we call this adaptive care—and it's not only the right thing to do for employees, it's a proven way to retain top talent and reduce healthcare costs." To learn more, download the full report here. About Modern Health Modern Health is a global leader in adaptive mental health care, dynamically offering multi-modal mental health support that delivers meaningful outcomes at a sustainable, predictable cost. With therapy, psychiatry, coaching, community groups, self-guided tools, and crisis support we dynamically create individualized care journeys to address a spectrum of mental health needs and preferences with culturally responsive providers in 200+ countries and territories and 80+ languages. Backed by peer-reviewed research and a proprietary blend of technology and live support, Modern Health delivers measurable outcomes, globally equitable access, and sustainable pricing. Our industry-leading Adaptive Care Model and dedicated, human centered, operationally tuned, customer success partners make us a trusted partner for organizations worldwide. Visit us at to learn how we can help you optimize your people and your business. Methodology Modern Health commissioned this scientific random sample of 1,000 U.S. adults (aged 18-44). This group was surveyed between June 5, 2025 and June 6, 2025. All respondents are currently employed for wages, confirmed by consumer-matched data. Sampling was calibrated to obtain a representative demographic sample aligned with U.S. workforce statistics. DKC Analytics conducted and analyzed this survey with a sample procured using the Pollfish survey delivery platform, which delivers online surveys globally through mobile apps and the mobile web along with the desktop web. No post-stratification has been applied to the results. View source version on Contacts press@
