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Food tech companies are seeing a 10-15 percent rise in orders during the ongoing Indian Premier League cricket tournament. From Curefoods and EatClub to Biryani By Kilo, these platforms are registering strong growth during matches, company executives said. “We saw a pickup in demand for multigrain pizzas and our very popular kulcha burgers – these are what we refer to as entertainment food … The demand during weekends was 2x as compared to weekdays,” said Ankit Nagori, founder of Curefoods. “Another trend in April was the return of many more people to their offices. This happened to coincide with the IPL season. So, we doubled up on our conversation with these consumers as well,” said Nagori. The 15th edition of IPL started on March 26 and is scheduled to end on May 29. The tournament was disrupted in the previous two years by the Covid-19 pandemic. IPL 13 was held in the United Arab Emirates, while last year’s edition took place in two phases – the first in India and the … [Read more...] about Food tech companies getting more orders; thanks to IPL, office reopening

Share to Twitter Share to Linkedin “Everyone should own a Beezy Bailey.” David Bowie High praise indeed from the late great musician and artistic collaborator of the South African artist Beezy Bailey. After meeting in South Africa in the mid 1990s, David Bowie made at least 50 paintings with Beezy while recording his album Outside in New York. If owning a painting or sculpture by Mr. Bailey isn’t a possibility, seeing his colorful, energetic work certainly is, in two exhibitions organised by Everard Read gallery. More than 30 pieces are on show at Everard Read’s London gallery in Chelsea and in a site-specific exhibition at Boughton House , a glorious historic home in Northamptonshire. The exhibition provides a rare opportunity for public visits. Viewing the art, along with house tours and exploring the gardens is currently possible at Boughton but it’s not regularly accessible like other stately homes. Boughton House, the historic seat … [Read more...] about Beezy Bailey’s Balm For A Mad World Boughton House, Northamptonshire

Malaysia: * NSE crash: Trailer driver charged with causing death of five students * Johor MMEA detains 20 foreigners for trespassing and illegal fishing * Infectious disease tracker on MySejahtera now includes tuberculosis cases * Flight health protocols must be consistent, simpler to aid aviation recovery, says Dr Wee * Malaysia, Thailand to set up joint committee to discuss KL-Bangkok HSR project, says Dr Wee * Tajuddin appointed as ambassador to Indonesia * Covid-19: Paxlovid to be available at private hospitals, clinics, teaching hospitals, says KJ * Tengku Zafrul: Talk of global recession premature, unwarranted Singapore: * Seven SEA transport ministers pledge to urgently restore regional air travel * Work on Changi Airport Terminal 5 to restart, completion around mid-2030s * Singapore records highest ever temperature for May * Ex-Ngee Ann Poly lecturer charged with making racist remarks against mixed-race couple * S'pore, African Union to recognise … [Read more...] about Asean News Headlines as at 10pm on Tuesday (May 17)

SoftBank CEO Masayoshi Son Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Japan’s SoftBank Group , which has been a prolific tech investor in India and across the world, will be cutting its investments to a fourth in 2022 from a year earlier as valuations of high-growth technology firms have plummeted globally. “In the latest quarter from December to March, compared to the previous quarters, we have made it (investments) smaller. (Our investments had) peaked in Q1 (first quarter) when we made investments of about 2 trillion yen. But in Q4 (fourth quarter) you see a huge decline compared to Q1,” said CEO Masayoshi Son, addressing the press after the Japanese conglomerate declared its earnings earlier in the day. ALSO READ: SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe “Compared to … [Read more...] about SoftBank will cut investments to a fourth in 2022 as tech shares plunge globally

Source: AFP Japan’s SoftBank Group on May 12 reported a net loss of 1.7 trillion yen ($13 billion) for the fiscal year ended March 31 2022, as the Japanese conglomerate’s listed portfolio companies were hit hard by falling tech valuations across the globe with investors pricing in interest rate hikes and China tightening regulations on the industry. According to Reuters estimates, SoftBank’s Vision Fund investment unit posted a record loss of over 2.97 trillion yen for the Jan-Mar quarter hitting the Japanese investment conglomerate’s profits for the year. The Masayoshi Son-led investment firm had reported a net profit of 4.99 trillion yen ($38 billion) for the previous fiscal year, with the Vision Fund unit clocking a profit of about 4.03 trillion yen. Shares of South Korea’s Coupang Inc and China’s Didi Global, two of SoftBank’s biggest portfolio companies, have plummeted in the Jan-Mar quarter, dragging the Japanese investment conglomerate into losses for the year. … [Read more...] about SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe

With more than 12 percent corrections just behind us, this is time to start investing in lumpsum and there are possibilities of good inflows at these levels, but it would be foolhardy to assume that the market sentiment would not impact the investors' mood. Markets have quickly factored in most of the tightening, argues Aashish P Somaiyaa, CEO at WhiteOak Capital Asset Management, while sharing his views on the market trends during an interaction with Moneycontrol . "To make money, one needs to be counter-cyclical but exaggerated moves in the markets evoke emotional reaction in investors, that’s natural. Humans are not logical, they are psychological as is written by Rory Sutherland in his book, Alchemy: The Surprising Power of Ideas That Don't Make Sense ," he says. Excerpts from the interaction: How do you approach the market after it rebounded from over 12 percent correction in the last one-and-a-half-months? Close Around 5-10 percent correction from … [Read more...] about Daily Voice | It’s time to start investing lumpsum into markets, says Aashish Somaiyaa of WhiteOak Capital

Berkshire Hathaway CEO Warren Buffett is often praised for his brilliant business mind. As the world's fifth-wealthiest person, with a net worth of $112.6 billion, he has gifted the world with sage advice on building wealth and being an effective leader. Over the years, Buffett, the man who famously defined success as the ability to say no to almost everything , has voiced some spot-on statements. Here's a key example: You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well. Buffett is basically saying to lose the grandiose ideas, extravagant planning, and complex strategies we spend so much time, money, and effort putting out with no return. True success comes from focusing on those steady and consistent day-to-day actions that pave the way to long-term results. Four ordinary leadership practices What does this sage Buffett advice look like in practice from a … [Read more...] about This Warren Buffett Quote May Be the Best Advice You Will Hear This Week

HCL Tech CHRO Apparao VV HCL Technologies, which has about 1,700 employees in troubled Sri Lanka, has set up a team to monitor the situation as the island nation grapples with food and fuel shortages amid record inflation and an economic crisis. While there has been no work disruption so far, it is preparing for all scenarios, with backup plans ready to move work and people to India. Apart from Sri Lanka, Costa Rica, and Poland, HCL Tech is stepping up hiring in smaller Indian cities such as Madurai, Lucknow, and Nagpur as it looks toward fresher pools of talent amid booming demand for software services and rising attrition. In an interview with Moneycontrol , VV Apparao, chief human resource officer of HCL Tech, explains the company’s efforts in augmenting the talent supply chain and steps it is taking to counter the challenges of hiring and attrition. Edited excerpts: In Q4, HCL Tech reported attrition on the last 12-month basis jumped to 21.9 percent from 19.8 … [Read more...] about HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao

In the world of business, everyone loves a contract. What’s not to love? They make you feel warm and fuzzy. A contract implies commitment, negotiation, and agreements to mitigate risk—all good things. advertisement advertisement After signing a contract, both sides feel confident that they can start from a place of trust with clear expectations in place. But here’s what many companies get wrong: While employment may be secured on paper, it also represents a relationship that needs to be continually fostered and maintained . Not taking the above into account is why many leaders are often blindsided by high turnover rates (as we all saw with the Great Resignation ). “What happened?” they ask. They had a contract, after all, which is a “done deal.” But I like to remind my peers in leadership that, just as in a marriage, a piece of paper isn’t a guarantee for future longevity in the workplace. advertisement Contracts fall short of … [Read more...] about Instead of binding contracts, focus on this workplace touchstone for connected team

India’s largest life cover provider Life Insurance Corporation of India (LIC) made a lacklustre debut on the bourses on May 17, with declining nearly 9.4 percent after its initial public offering was subscribed nearly three times last week. The stock opened at Rs 867.20, against an issue price of Rs 949 on the BSE and touched a high and a low of Rs 886.80 and Rs 860.10, respectively. At 10.05am, the scrip was trading at Rs 883.40 on BSE, down 7 percent from its issue price of Rs 949 a share. India's benchmark Sensex rose 0.62% to 53224 points. Corrections in the equity markets globally seem to have hit the listing for the biggest public issue in the history of the Indian capital market. The situation was worsened by mounting inflationary pressure, stricter lockdowns imposed in China to combat Covid outbreak, and an unabated war on Ukraine by Russian forces. After the debut in the market, LIC has become the fifth most-valued Indian listed firm with a market capital of Rs 5.71 … [Read more...] about LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867