Latest news with #Shriram
New Indian Express
13-08-2025
- Entertainment
- New Indian Express
A Gen Z makeover for ice creams
'One customer told me she'd only ever had cassata made with artificial essences,' Shriram recalls. 'When she tried ours — made with real ingredients — she said it changed how she thought about ice cream forever.' That's the brand's motto: authentic, quality ingredients sourced thoughtfully. 'We use Pollachi vanilla because it's the best in India. Belgian chocolate for real richness. Sicilian pistachios for crunch.' But the creativity doesn't stop at classics. Dare to try their Pani Puri sorbet, a tangy and playful homage to a street food favourite, or the zero-alcohol Negroni and Gin & Tonic sorbets, which pack a grown-up punch without the hangover. 'We want people to experience something new,' says Shriram. 'That's why we have flavours like smoked chocolate, black sesame, and Taro bubble tea.' The brand also caters to health-conscious dessert lovers. 'We have a Whey Protein ice cream which has 30 grams of protein per scoop,' claims Shriram. 'And our Dark Chocolate sorbet is 40% fewer calories than regular ice cream but still satisfies your sweet cravings.' The vegan sorbets and frozen yoghurts offer lighter, 'healthier' alternatives without skimping on flavour. By Gen Z, for Gen Z Scoop Dawg's voice and visuals are as important as its flavours. 'The branding is fluorescent, it's on your face,' Shriram says. 'We took input from over 20 Gen Z customers before launch for curating the flavour names, combos, everything. The Taro ice cream was their idea, and it's already a bestseller.' The team behind Scoop Dawg is also deeply involved in the local community and culture. 'We want to stay rooted when it comes to authenticity,' Shriram shares. 'That's why we source ingredients like Pollachi vanilla and Ooty strawberries. It's about respecting the local while adding an international touch.' This blend of the global and local is reflected not just in ingredients but in the brand's collaborations with Tamil illustrators who bring the packaging to life. 'It's a visual story that connects with the city's youth and their love for creativity.'
New Indian Express
11-08-2025
- Business
- New Indian Express
Only 15% of wealth in India is formally managed: Vikas Satija of Shriram Wealth
Shriram Group, a financial services conglomerate, has launched Shriram Wealth Ltd, in partnership with Sanlam Group, a leading South African financial services provider. Vikas Satija, MD and CEO, of Shriram Wealth, tells Dipak Mondal of New Indian Express the rationale behind Shriram Group entering the already crowded wealth management space. Excerpts: Why did Shriram and Sanlam decide to enter the seemingly "overcrowded" wealth management space in India? The decision stems from the significant growth potential in the Indian market. India's GDP is currently around $4 trillion and is projected to reach $35 trillion by 2047 as part of the "Viksit Bharat" vision. While the organised wealth space in India is currently only $1.2 trillion, it is expected to grow to over $10 trillion in the next two decades. This massive projected growth, coupled with India's 30% savings rate and the fact that only 15% of wealth in India is formally managed (compared to 75% in developed markets), indicates a huge untapped opportunity for organized wealth management. How will the Shriram brand be leveraged, and what are the target markets? The Shriram group's presence in over 4,600 branches across the country and its 51-year legacy of trust are significant advantages. This reach is particularly beneficial in tier-two and tier-three cities, which are growing rapidly and where an established brand image can facilitate easier access. What are the target Assets Under Advice (AUA)? The target for the first five years is INR 50,000 crore in Assets Under Advice (AUA). This includes assets where they advise clients, even if they are not directly managed. To achieve this, the aim is to have around 500 wealth professionals on board within the next five years. How are client segments defined, and which segments are being targeted initially? Client segments are divided into three categories: Mass affluent/emerging affluent with Rs 10 lakh to Rs 2 crore investible surplus. Affluent/HNI (High Net Worth Individual): Rs 2 crore to Rs 25 crore; and Ultra HNI: Above Rs 25 crore Initially, the proposition is being rolled out for clients with Rs 2 crore and above. The plan is to develop technology and build out the offering for the Rs 10 lakh to Rs 2 crore segment in the next 6-9 months, as catering to this mass affluent segment requires more "Do It Yourself" (DIY) journeys and a larger operational footprint. What offerings are available for global investments? As per RBI regulations, individuals can invest up to $250,000 abroad. Clients typically seek global diversification for reasons like funding children's education abroad, diversifying beyond Indian markets, or participating in other growing global economies. The offerings include global funds, portfolio schemes, and direct stocks. Their partner Sanlam has existing schemes, making it easier to provide these options. They act as a referral service for global investments, connecting clients to appropriate advisors abroad (including Sanlam's setup and potential new tie-ups in places like Dubai and Singapore). The Gift City route is another avenue for investing in international funds. Are startup founders, as potential clients, different from traditionally wealthy individuals? Yes, generally, startup founders are creating wealth at a much younger age, which often leads to a higher risk appetite. However, it can also be the opposite, where they take significant business risks and therefore prefer conservative personal investments. A lot of new wealth is being generated by startups, particularly in cities like Bangalore, which has become a startup capital. Are startup founders good at managing their wealth? No, just like any specialized field, managing wealth requires professional expertise. Startup founders are typically good at their specific business or tech domains. It's crucial for them to engage specialized wealth professionals to manage their money, similar to how the organized wealth market operates in developed countries (75% penetration) compared to India (15% penetration). What's your view on the situation with Jane Street, and is there a genuine case to be made about it? It's too early to comment definitively as the matter is still under discussion with regulators (SEBI). However, the general data indicating that 91% of retail investors trading in options and futures have lost money highlights a critical need for more learning and professional guidance in this market segment. Money-making isn't simple, and reliance on speculation is risky. Personally, for retail investors, I believe there's no reason to be in the F&O (Futures & Options) segment. Would F&O be part of the strategy you provide for clients? For large clients who are looking to hedge their portfolios, these tools would be used. However, on an investment-only basis for retail clients, we wouldn't typically recommend F&O.
Time of India
09-08-2025
- Time of India
Sarpanch's son shot dead in Supaul
Patna: The 45-year-old son of a sarpanch was shot dead by unidentified gunmen in Supaul district on Saturday. He succumbed to his injuries while being taken to hospital. The incident occurred around noon at Lalganj Chowk in Bhaptiyahi police station area. The deceased was identified as Shriram Yadav, son of Shanichar Yadav, sarpanch of Murli panchayat. After the attack, locals rushed Shriram to a private clinic in Supaul. Following initial treatment, he was referred to a neurology hospital but died en route due to traffic congestion in Simrahi Bazaar. According to police, Shriram was at the chowk when criminals opened fire, hitting him in the head. The attackers fled immediately. Bhaptiyahi SHO Sanjay Das said, "The preliminary investigation has revealed the name of Manish Yadav from Murli village as the alleged shooter." He added that the motive is yet to be established, and it is being probed whether it was due to a personal dispute or old enmity. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
15-07-2025
- Politics
- Time of India
Tamil Nadu Bar federation thanks CJI, govt for justice K R Shriram's transfer
CHENNAI: The Federation of Bar Association of Tamil Nadu, which is an umbrella body representing all Bar association in districts and Mofussil areas in the state, has thanked the chief justice of India and the govt of India for the transfer of Justice K R Shriram as the chief justice of Madras high court . Justice Shriram has now been posted to serve as chief justice of Rajasthan high court . A notification to this effect was issued by the union govt on Monday. 'During his tenure as chief justice of Madras high court, justice Shriram overlooked deserving candidates from underprivileged communities while recommending names for appointment as judges of the high court, and it did not ensure social justice,' the Federation's chairman N Mariappan said in a letter to the chief justice of India. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai 'Social Justice is an essential characteristic of a matured democracy. Deserving candidates from all sections of the society, irrespective of caste, creed and religion, must be given a fair and adequate chance to serve on the bench. It is important to ensure that all eligible advocates from under-represented communities must be considered for the elevation as the judges of high court,' said the Federation. 'The chief justice of India and the union govt have lent their ears to the request of the members of the Tamil Nadu Bar. We all are extremely grateful. We pledge our unflinching support to the incoming chief justice of the Madras high court for all his constructive efforts,' it said.
Time of India
25-06-2025
- Business
- Time of India
Foreigners pay twice as much as locals to buy Portugal homes
Foreigners from outside the European Union are buying homes in Portugal for double the value paid by domestic buyers, helping to drive up prices in a nation where housing in cities is increasingly out of reach for many locals. Non-Europeans paid an average €451,000 ($523,000) for a property in Portugal in the first three months of the year, compared with €225,000 paid by locals, the National Statistics Institute said in a report on its website. During the same period, EU buyers spent an average €310,000 to buy a home. Together with Portugal, Italy and Greece are set to register record inflows of millionaires this year, investment migration advisory firm Henley & Partners said in a report on Tuesday. Italy is expected to attract more than 3,600 millionaires, Portugal may get more than 1,400 millionaires while Greece could draw more than 1,200 millionaires, it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo Portugal, in particular, has attracted foreign residents with its mild temperatures, relatively low cost of living, tax incentives and its golden visa program. Surging property prices have created a problem for many locals, who struggle to find affordable homes. (Join our ETNRI WhatsApp channel for all the latest updates) Average house prices in Portugal reached €2,851 per square meter in May – two and a half times more than in the same month of 2015, according to real estate website Idealista. Live Events RECOMMENDED STORIES FOR YOU Portugal tightens citizenship rules, doubles wait time for foreigners Europe clamps down on tourists: What Indian travellers must know before booking a ticket In 2023, the country ended the golden visa program's real estate investment route in a bid to ease property prices. The program, which is mostly popular with US, Brazilian and Chinese nationals, currently offers non-Europeans a fast-track to residency through options including a minimum €500,000 investment in eligible funds.
