Brands
International fashion brand vinegar launches in hyderabad
MUMBAI: Vinegar, the Spanish Apparel and Accessories Brand known for its quirky take on fashion and style marks its entry in Hyderabad. A collection of imaginative and well designed apparel for women is available at this exclusive outlet which was launched by stunning Bollywood Diva Kangana Ranaut at Jubilee Hills on December 2013. The 2000 sq ft Vinegar store is a destination that offers a wide range of uber-chic western clothes and accessories.
Ms Varsha Bhawnani, Owner and Managing Director- Vinegar, is the brain behind the brand. This true story continues to inspire many young entrepreneurs foraying into different industries with little experience and tons of passion to pursue what they dream of. Vinegar currently has 2 flagship stores in Mumbai and now in Hyderabad. It will soon open stores in Delhi, Chandigarh and later into the tier 2 cities in the next few years by way of company owned franchising model. Vinegar is a concept based store and only partners with those who understand the brand ethics and have the passion to sell. Not just in terms of collection, it is unique in terms of design aesthetics and overall International appeal of the brand and therefore an expensive venture. Vinegar has opted for the model with strict criteria by associating with Dolly Lakhani.
The stand alone stores offer both the pr?t and couture line. The collection mainly comprises of dresses, jumpsuits, shorts, maxi dresses and office wear like trousers and skirts. Vinegar is known for its unique silhouettes, embellishments, colours and cut which is highly modern yet wearable. Following the latest international trends, Vinegar’s design is fun and flirty that enhances the look of every body type.
When Varsha was asked why she selected Hyderabad for Vinegar’s expansion, she said, “Hyderabad has emerged as the most promising city in recent times-from luxury brands to high street, all major brands have opened gates in the city only to establish the fact that the city has potential for being one of the greatest retail destination. People here are fashion conscious and have a flare for all things nice. We had to be present in this city and here we are to offer the best in hi street fashion.”
Vinegar experience, store décor and feel remain universal. Clean and unique display of the collection in the enormous 2000 sq ft store, spread across two floors allows the buyer to easily browse through the collection. The store décor includes multiple black and white striped mannequins striking attractive poses suspended in a formation amidst a crowd of closely hung light bulbs. With absolute white pristine walls and décor, the store spells elegance and style.
On Vinegar’s International priority list are markets like Singapore, Dubai and other Middle-Eastern countries such as Saudi Arabia and Kuwait. Also Vinegar has already set shops in Europe and is now retailed in countries like Israel, Spain, Portugal, Finland and Russia. By 2014 it aims to have an international presence in countries like United States and Australia.
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
