Mar 7, 2019 - Bharti Airtel’s Rs 25,000 crore funding not enough to stabilise rating; Jio risk persists

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TradeBriefs Editorial From the Editor's Desk

Why These Founders Gave Their Suppliers and Manufacturers a Piece of the Company
Shira Berk had spent most of her career as a publicist, but in 2010 she started making gluten-free cookies and selling them at her children's preschool. The side hustle took off. Five years later she was operating her brand, Goodie Girl Cookies, out of a commercial kitchen, selling $25,000 in product a year, and she wanted to go bigger -- fast. "I didn't want to take the time to raise the money and go on all the interviews with all the incubators," she says. As it happens, a manufacturer, Greg Toufayan, of the bakery company Toufayan, wanted to get into the startup game. So they came up with a plan: Toufayan would invest in Goodie Girl and focus on production, logistics, and financing, and Berk would focus on sales and brand building.

Does Berk miss having full ownership of Goodie Girl? Nope. "It has given me the ability to do things I never thought I'd be able to do," she says. In one year, sales shot to $1 million. "I'm able to go into retailers and say, 'I'm partners with one of the largest bakeries in the U.S. -- what do you need?'" Once, Walmart's buyer requested a gluten-free fudge-stripe cookie. Goodie Girl whipped up a batch and sent it to Walmart within weeks. The buyer loved it. Today, Goodie Girl’s national sales exceed $10 million.

Continued here

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Apple can change face of manufacturing in India: IT Telecom MoS Sanjay Dhotre

The government sees iconic companies like Apple and large consumer goods makers like Samsung as big players in electronics who can change the face of manufacturing in India, Minister of State for IT and Telecom Sanjay Shamrao Dhotre has said.’ "Apple and Samsung are very big players, they can change scenarios for private sector manufacturing, they can be role models for other companies to manufacture in India", Dhotre told IANS in an exclusive interview.



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