Latest news with #Edelweiss
Mint
2 days ago
- Entertainment
- Mint
Why Radhika Gupta is raising the alarm over Dior's ₹1.73cr Lucknowi mukaish coat: ‘No credit, hands remain invisible…'
After Italian luxury house Prada lifted India's Kolhapuri sandals for its runway show uncredited, Edelweiss Chief Radhika Gupta has now called out French fashion brand Dior for failing to credit Indian artisans for its ₹ 1.73 crore worth coat ($2,00,000 price tag), featuring Lucknowi mukaish embroidery technique. Showcased during the Paris Fashion Week in June as part of Dior Homme's Menswear ready-to-wear Spring Summer 2026 collection, the coat heavily featured Lucknowi mukaishi embroidery in its pattern and was presumably priced high for the painstaking days of handiwork involved. Mukaish embroidery involves the use of metallic threads — usually gold or silver — to embellish patterns into fabrics (predominantly silk) and create a shimmering effect. It is often used on decorate traditional Indian clothing. In a hearfelt, lengthy post on social media platform X (formerly Twitter), Radhika Gupta called out the lack of visibility for the local artisans involved in making luxury brand products and the lack of credit to India and Indian craft as a source of inspiration. She wrote: 'One more handloom, one more headline. Dior sells a $200K coat using Lucknowi mukaish embroidery. 12 Indian artisans. 34 days of work. No credit. No context. No mention of India.' 'The world loves Indian craftsmanship — But rarely credits the craftspeople. And almost never shares the value. Because the branding, storytelling, and pricing power stay elsewhere. The hand that creates remains invisible,' she added. Radhika Gupta noted that India must take a page out of Japan and South Korea's playbook to capitalise on 'soft power' using our local crafts. 'Culture is soft power. Japan did it with design. Korea did it with pop culture. India must do it with craft. From sourcing destination to storytelling nation. A home of global brands. The lion has to come out. And roar,' she added. Notably, this incident from Dior comes only a month after Prada faced backlash from Indian artisans and politicians for using traditional designs without credit in its Spring-Summer 2026 menswear collection. In a letter addressed to Maharashtra Chamber of Commerce, Prada's head of corporate social responsibility, Lorenzo Bertelli wrote, 'We acknowledge that the sandals... are inspired by traditional Indian handcrafted footwear, with a centuries-old heritage. We deeply recognise the cultural significance of such Indian craftsmanship,' Reuters reported citing the document dated June 27. Talk began after models in the Milan show were seen wearing leather sandals with a braided design — closely resembling handmade Kolhapuri slippers, dating back to the 12th century. According to Bertelli, Prada is committed to responsible design and respecting traditional Indian crafts. The brand wishes to engage with local Indian artisans and ensure they get proper credit for their work, he said.
Mint
2 days ago
- Entertainment
- Mint
Why Radhika Gupta is raising the alarm over Dior's ₹1.73cr Lucknowi mukaish coat: ‘No credit, hands remain invisible…'
After Italian luxury house Prada lifted India's Kolhapuri sandals for its runway show uncredited, Edelweiss Chief Radhika Gupta has now called out French fashion brand Dior for failing to credit Indian artisans for its ₹ 1.73 crore worth coat ($2,00,000 price tag), featuring Lucknowi mukaish embroidery technique. Showcased during the Paris Fashion Week in June as part of Dior Homme's Menswear ready-to-wear Spring Summer 2026 collection, the coat heavily featured Lucknowi mukaishi embroidery in its pattern and was presumably priced high for the painstaking days of handiwork involved. Mukaish embroidery involves the use of metallic threads — usually gold or silver — to embellish patterns into fabrics (predominantly silk) and create a shimmering effect. It is often used on decorate traditional Indian clothing. In a hearfelt, lengthy post on social media platform X (formerly Twitter), Radhika Gupta called out the lack of visibility for the local artisans involved in making luxury brand products and the lack of credit to India and Indian craft as a source of inspiration. She wrote: 'One more handloom, one more headline. Dior sells a $200K coat using Lucknowi mukaish embroidery. 12 Indian artisans. 34 days of work. No credit. No context. No mention of India.' 'The world loves Indian craftsmanship — But rarely credits the craftspeople. And almost never shares the value. Because the branding, storytelling, and pricing power stay elsewhere. The hand that creates remains invisible,' she added. Radhika Gupta noted that India must take a page out of Japan and South Korea's playbook to capitalise on 'soft power' using our local crafts. 'Culture is soft power. Japan did it with design. Korea did it with pop culture. India must do it with craft. From sourcing destination to storytelling nation. A home of global brands. The lion has to come out. And roar,' she added. Notably, this incident from Dior comes only a month after Prada faced backlash from Indian artisans and politicians for using traditional designs without credit in its Spring-Summer 2026 menswear collection. In a letter addressed to Maharashtra Chamber of Commerce, Prada's head of corporate social responsibility, Lorenzo Bertelli wrote, 'We acknowledge that the sandals... are inspired by traditional Indian handcrafted footwear, with a centuries-old heritage. We deeply recognise the cultural significance of such Indian craftsmanship,' Reuters reported citing the document dated June 27. Talk began after models in the Milan show were seen wearing leather sandals with a braided design — closely resembling handmade Kolhapuri slippers, dating back to the 12th century. According to Bertelli, Prada is committed to responsible design and respecting traditional Indian crafts. The brand wishes to engage with local Indian artisans and ensure they get proper credit for their work, he said. It remains to be seen if Dior faces similar pressure to make amends.
Time of India
2 days ago
- Business
- Time of India
Edelweiss CEO and Shark Tank India judge Radhika Gupta calls out Dior for no credit to India for Mukaish Overcoat: Says, time to ...
Radhika Gupta (ANI) Edelweiss CEO and Shark Tank India judge Radhika Gupta has once again called a luxury brand. After Prada, Gupta has now critised luxury fashion brand Dior for allegedly failing to give credit to India for its traditional 'Mukaish' embroidery. In a post shared on social media platform X (formerly known as Twitter) Gupta has publicly criticised Dior for selling Rs 1.7 crore ($200,000) overcoat with Lucknowi Mukaish embroidery without acknowledging the Indian artisans . Gupta's public statement on social media highlights a growing demand for global brands to acknowledge the origins and artisans behind traditional crafts. Read Radhika Gupta's social media post here In the post Gupta expressed her frustration over what she called 'blatant cultural appropriation ,' revealing that the intricate embroidery was crafted by 12 Indian artisans over 34 days, yet the brand gave no credit, no context, and no mention of India 'One more handloom, one more headline. Dior sells a $200K coat using Lucknowi mukaish embroidery. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa Prices in Dubai Might Be Lower Than You Think! Villa for sale in Dubai | Search Ads Learn More Undo 12 Indian artisans. 34 days of work. No credit. No context. No mention of India. The world loves Indian craftsmanship — But rarely credits the craftspeople. And almost never shares the value. Because the branding, storytelling, and pricing power stay elsewhere. The hand that creates remains invisible. Culture is soft power. Japan did it with design. Korea did it with pop culture. India must do it with craft. From sourcing destination to storytelling nation. A home of global brands. The lion has to come out. And roar,' wrote Gupta. Edelweiss Mutual Fund CEO Radhika Gupta on Prada Kolahpuris controversy This is not the first time that Radhika Gupta has called out a luxury fashion brand. Recently, the Edelweiss CEO criticised Prada for showcasing scandals that resemble closely to India's traditional Kolhapuri chappals. Gupta has criticised Prada for not giving the due credit to the original artisans. Her remarks soon went viral on social media calling for the recognition and preservation of India's textile heritage . Gupta shared a post on social media platform X (formerly known as Twitter) in which she criticised Prada. '500 rupee chappal sold for 1 lakh, without any credit! This is why I am obsessed with wearing and talking about handlooms. Every child knows who Prada and Gucci are, but very few in a room know a Himroo, Sambalpuri or Narayanpet. Our textile heritage and craftsmanship is for us to preserve, brand and benefit from. As for Prada... Remember that till the lion learns to write, all stories will always glorify the hunter.' wrote Gupta. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
21-07-2025
- Business
- India Today
From Bollywood to dal-chawal, Mango Millionaire makes money feel relatable
What does Ta Ra Rum Pum, Three Idiots, and Deewaar have to do with personal finance? Quite a lot, if you ask Radhika Gupta and Niranjan Awasthi. In Mango Millionaire, the authors ditch the usual graphs and grim forecasts for something far more familiar: Bollywood references, dinner-table wisdom, and metaphors from daily life that make money feel less a personal finance space crowded with jargon and generic advice, Mango Millionaire stands out with its refreshing simplicity. It doesn't aim to impress with terminology or push readers into anxiety about missed financial goals. Instead, it reads like a conversation - one that's friendly, rooted in everyday life, and quietly a familiar name in the world of mutual funds, and Awasthi, who also works with Edelweiss, bring a tone that's far from corporate. They aren't preaching from a podium. Their writing feels like a chat between two friends over chai, the kind that makes intimidating ideas feel understandable. The book uses plain language without talking down to the reader. Its goal is to make money feel manageable, not perfect, just doable. The storytelling draws from what's familiar: Bollywood scenes, dal-chawal, family budgets, and the ever-reliable Great Indian Thali. These references aren't just for show. They bring abstract concepts - like risk appetite or diversification - into the real world. When a movie like Ta Ra Rum Pum shows up in the narrative, it feels like a nudge, not a Mango Millionaire isn't all style. It has structure and sound advice at its core. Topics like savings discipline, debt, aspirational inflation, and emergency funds are explained with clarity and care. There's no pressure to be perfect. The message is simple: begin where you are, with what you makes the book resonate is how gently it handles doubt. It gives readers space to have made mistakes, to start late, to take small steps. It doesn't promise a perfect portfolio. It offers the end, Mango Millionaire is less a finance manual and more a friend/mentor for the everyday investor. It speaks the language of lived experience. If you've ever felt like personal finance books aren't written for people like you, this one might just change your mind.- Ends
Entrepreneur
10-07-2025
- Business
- Entrepreneur
Edelweiss Financial Services Launches INR 300 Cr NCD Public Issue with Up to 10.50% Yield
The issue will open on Tuesday, July 8, 2025, and close on Monday, July 21, 2025. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Edelweiss Financial Services Limited (EFSL) has announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs), offering an effective annual yield of up to 10.50%. The NCDs will be issued at a face value of INR 1,000 each, aggregating up to INR 300 crore, comprising a base issue of INR 150 crore and a green shoe option of an additional INR 150 crore. The issue will open on Tuesday, July 8, 2025, and close on Monday, July 21, 2025. The NCDs, to be traded exclusively in dematerialised form, are rated Crisil A+/Stable by Crisil Ratings Limited, indicating strong creditworthiness with a stable outlook. The NCDs are available in 12 different series with tenures of 24, 36, 60, and 120 months, offering fixed interest rates. Investors can choose between annual, monthly, or cumulative interest payment options. The effective annual yield ranges between 9.00% and 10.49%, depending on the series and option selected. At least 75% of the proceeds from the issue will be utilised for repayment or prepayment of existing borrowings, while the remaining 25% will be used for general corporate purposes, in line with SEBI NCS Regulations. Allotment will be done on a first-come, first-served basis, based on the date of application upload into the BSE electronic platform. In case of oversubscription, allotment will be made on a proportionate basis. The issue is being managed by Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited. The NCDs will be listed on BSE Limited, ensuring liquidity for investors. Established in 1995 as Edelweiss Capital Limited, EFSL started as an investment banking firm and later diversified into retail and corporate credit, asset management, insurance, and other financial services through its subsidiaries. EFSL's equity shares are listed on both BSE and NSE. With a network of 255 offices (252 domestic and 3 international) and over 5,600 employees, EFSL claims to serve approximately 9.73 million customers. The company prides itself on innovation, research-driven strategies, and a broad financial product offering across customer segments. For investors seeking stable, fixed-income returns with credible ratings, this NCD issue presents a promising opportunity.
