Kasliwals to bring textile business under one roof

MUMBAI: MW Corp, a diversified company controlled by cousins Mukul and Warij Kasliwal, will consolidate its textile business under a single entity in a move to combine operations of its 62-year-old uniform brand S Kumars and European workwear brand Klopman for better access to global customers.

The Mumbai-based company’s two unlisted textile associates — S Kumars and Klopman India — will merge with a listed firm Unitex Designs. Unitex Designs, which specialises in ready-to-wear uniforms, will be re-named as S Kumars Unitexx.

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Source : http://economictimes.indiatimes.com/news/news-by-industry/cons-products/garments-/-textiles/Kasliwals-to-bring-textile-business-under-one-roof/articleshow/6503324.cms

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Social networking more popular than Demat a/cs: SMC Cap

SMC Capital is of the view that India as a consumer needs to open up, but India as an investor is yet to be opened.

In India, the total Demat accounts are about 1.7 crore. And, the total users in social networking sites (Facebook, Orkut, Twitter) are about 3.1 crore. That is, in India, the total users in social networking sites are twice that of the total Demat account holders.

It is incredible considering the fact that the social networking concept got popular only in the last three years. Further, the addition of new Demat accounts in India are about 2 Lacs per month. And, the addition of new mobile connections are about 2 Crores per month. That is, new mobile connections in a month are 100 times that of new Demat account additions.

Further, it also indicates that every month India adds more mobile connections than the total cumulative Demat accounts ever existing. This indicates the low levels of penetration of investing habit in India.

The favorable demographic dynamics were assumed as kingpin of ‘The India growth story’. (That is about 60% of India population being below 30 years age). However, this favorable demographic dynamism is showing up in the habits of socialnetworking sites and new mobile additions. But that is not translating into the growth of Demat accounts and financial sector.

Source : http://www.moneycontrol.com/news/business/social-networking-more-popular-than-demat-acs-smc-cap_469420.html

Facebook to launch 'panic button

NEW DELHI: The social networking giant Facebook is launching a 'panic button' application on its social networking site.

The button, the company claims, aims to make the site safer for its young users. According to the company, young Facebook users will be able to report suspicious online behaviour and access internet safety advice with the launch of the new application.

They can report any abuse to the Child Exploitation and Online Protection Centre (Ceop) and Facebook.

The launch follows months of negotiation between Ceop and Facebook. Ceop is an UK government law enforcement agency which tracks online sex offenders. The agency called for a panic button to be installed on social networking sites last November.

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Source : http://timesofindia.indiatimes.com/tech/social-media/Facebook-to-launch
-panic-button/articleshow/6158067.cms