Fashion e-tailer High Street Essentials reports ₹1.3 crore profits in FY19

BENGALURU : Delhi-based fashion e-tailer, High Street Essentials Pvt. Ltd. (HSE), the parent company behind women-centric fashion brands, FabAlley and Indya, has reported a net profit of ₹1.3 crore, on net revenues of ₹90.2 crore for the financial year ended March 2019, registering a 70% year-on-year revenue growth. According to the company’s unaudited financial results releases on Sunday, it’s EBITDA stood at ₹3.3 Cr for FY19, however, it did not reveal expenditure numbers. HSE’s co-founder Tanvi Malik told Mint that a majority of its sales came from online channels accounting for around 55% to 57% percent…

Read More

Online fashion twice as ‘racy’ as High Street

Online fashion stores are more likely than traditional retailers to use images described as “racy” by a Google tool, BBC research finds. Google uses the term “racy” to describe skimpy or sheer clothing, strategically covered nudity or provocative poses. One of the companies analysed, Missguided, said its site reflected what appealed to its customers. The findings come as the Advertising Standards Authority (ASA) banned adverts from Missguided and Boohoo. The ASA said the Missguided advert featured “highly sexualised” images and “objectified women”, while it told Boohoo to make sure its advertising was…

Read More

Business chiefs call for dramatic overhaul of rates to help high street

There’s no end in sight to the challenges faced by UK high street retailers. Photograph: Christopher Thomond/The Guardian Ministers are facing renewed pressure to reform business rates to bolster the UK’s high streets, with calls for a “complete review” from the Conservative mayor of the West Midlands. Andy Street, who ran John Lewis before his election in 2017 as the mayor of the UK’s second-biggest urban economy, said the current system of business rates on commercial properties was no longer representative of modern Britain. Speaking at a conference in London, he said:…

Read More

Top VC deals: Chinese AI robots land $150 million; a high school esports league picks up a major league backer

Autodesk Autodesk president and CEO Andrew Anagnost. Autodesk this week agreed to buy construction software company PlanGrid for $875 million. The San Francisco-based start-up previously raised $69 million in funding from investors including YCombinator, Sequoia Capital and Tenaya Capital. PlanGrid enables real-time construction tracking for contractors and and architects. Autodesk “makes software for people who make things.” Start-ups Beijing-based robotics company Geek+ completed a $150 million Series B round from backers including Warburg Pincus, Volcanics Venture and Vertex Ventures. The company develops artificial intelligence and robotics technology for supply chain…

Read More

Want to keep heart healthy and strong? Avoid travelling to high altitudes

While the mountain air may be refreshing and offer respite from the heat, it is not so good for your heart. A new study improves our understanding of how the human body adapts to high altitude areas. It reveals that at high altitudes (over 3000 m), the lower amount of oxygen in the air leads to a decrease in the volume of blood circulating around the body, and an increase in blood pressure in the lungs.The findings are important for people who live, travel and exercise at high altitudes. The…

Read More

More people prefer popping pills and drinking healthy tea over exercise to treat high BP

According to a recent study, people would rather pop a pill or sip tea than exercise to treat high blood pressure. Researchers wanted to find out how people weigh the benefits of high blood pressure treatment options against its inconvenience. They asked survey respondents to imagine that they had high blood pressure and then asked about their willingness to adopt any of four “treatments” to gain an extra month, year or five years of life. In this survey, the “treatments” proposed were: a daily cup of tea, exercise, pills or…

Read More

Yoga may benefit people suffering from high blood pressure and sugar

Suffering from increased blood pressure and high blood sugar? One year of yoga training may help, a new study suggests. According to the researchers from the Hong Kong Polytechnic University, one year of yoga training decreased pro-inflammatory adipokines – signalling proteins released by fat tissue – and increased an anti-inflammatory adipokine in adults with metabolic syndrome and high-normal blood pressure. The findings support the beneficial role of yoga in managing metabolic syndrome by favourably modulating adipokines, the researchers mentioned. Metabolic syndrome is a cluster of conditions – increased blood pressure,…

Read More

Drug-related mental health admissions in NHS hit record high

The annual number of hospital admissions in England with a diagnosis of a drug-related mental or behavioural disorder has reached an all-time high, figures show. There were 82,135 hospital admissions in the year to April 2017 with a primary or secondary diagnosis of drug-related mental and behavioural disorders, according to the NHS figures. That compares with 81,904 over the same period a year earlier and 38,170 in 2006-07. However, the number of admissions with a primary diagnosis of drug-related mental and behavioural disorders was down 12% on the previous year, to 7,545.…

Read More

We are facing a silent epidemic. ‘Disturbingly high rates of diabetes’ found in India

India is facing an epidemic of diabetes and high blood pressure, often called “silent killers” because they lead to heart disease, said a report today involving more than 1.3 million people. The rate of diabetes in India is over 6%, while around one quarter of people have high blood pressure, said the first nationally representative figures on the topic, published in the Journal of the American Medical Association (JAMA) Internal Medicine. While these rates are lower than the United States and China, experts say a combination of widespread tobacco use,…

Read More

‘High level of allergy’ leads to rise in demand for yoga accessories from abroad

The demand for yoga equipment and accessories in foreign countries, including Australia and Canada, has been growing for the past few years, an expert has said here. The yoga products are being sought after by the people in foreign countries due to the “high level of allergy”, he said. “There has been a huge demand for neti patra, a traditional pot used in cleansing the nasal passage, and other yoga accessories in foreign countries. The demand has been growing since the last few years,” Ramchandara Surve, general secretary of Sri…

Read More