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Metro Brands, according to the company’s Draft Red Herring Prospectus filed before launching its IPO last year, operated about 598 exclusive and multi-brand outlets across 136 cities in the country. Footwear retailer Metro Brands, which sells footwear and accessories under in-house brands such as Metro Shoes, Mochi, Walkway, and partner brands such as Crocs, embarked on an omni-channel journey during the pandemic, which led to exponential surge in its sales. According to the company, it currently draws about 10 percent of its sales from digital channels, such as marketplaces, compared to 2 percent in the pre-pandemic period. Alisha Malik, president, e-commerce and marketing and a member of the promoter-founder family, in a conversation with Anuradha Sengupta, said two years of pandemic made people digitally savvy and pushed the growth of the channel. “The pandemic also taught people how to understand what they really want in terms of the comfort of their footwear and how they … [Read more...] about How Metro Brands’ massive offline presence is helping its online journey

When you read a sentence like this one, your past experience tells you that it’s written by a thinking, feeling human. And, in this case, there is indeed a human typing these words: [Hi, there!] But these days, some sentences that appear remarkably humanlike are actually generated by artificial intelligence systems trained on massive amounts of human text. advertisement advertisement People are so accustomed to assuming that fluent language comes from a thinking, feeling human that evidence to the contrary can be difficult to wrap your head around. How are people likely to navigate this relatively uncharted territory? Because of a persistent tendency to associate fluent expression with fluent thought, it is natural – but potentially misleading – to think that if an AI model can express itself fluently, that means it thinks and feels just like humans do. Thus, it is perhaps unsurprising that a former Google engineer recently claimed that Google’s AI … [Read more...] about Google’s AI spotlights a human cognitive glitch: mistaking fluent speech for fluent thought

“ Where are all the nice ones – like Americans – who spend cash and behave well!?” PHOTO: Sophon Cable Sophon Cable TV on Facebook has quoted the head of the Eastern Seaboard Hotel Association, Sanpetch Supphabowonsathian, saying advance bookings for this high season in Pattaya showed a 5-10% increase on last year. But as the local hotel association were upbeat over an increase in hotel bookings, the news was followed by an avalanche of racist invective that the tourists were not the tourists they wanted. Comments on the Facebook post were bemoaning that all the tourists in the resort were either Indians, Chinese or Arabs. “They don’t spend much, cause trouble and have no manners.” “Where are all the nice ones – like Americans – who spend cash and behave well!?” The post from the hotel association noted that, though prices remained static due to oversupply, it was positive news for the industry. But this was met with scorn by local Thais comments. “Yeh right…but … [Read more...] about “Nothing but rude Indians, Chinese and Arabs” – Pattaya locals go feral online

In those first few fraught hours of February 24th, after Russian forces invaded Ukraine, Anastasiia Smyk, CEO and co-founder of aviation software startup Input Soft , recalls being in a state of shock and incredulity. She was in Kyiv at the time, but her 11-strong team was scattered around the country. advertisement advertisement “The first week we were just thinking about how to survive at a human level,” says the 25-year-old entrepreneur. “So we decided to rent a house for our team in the Carpathian mountains, in the [safer] western part of Ukraine, and told them they could go there with their families to wait until we knew more about what was happening. Some of them went. Others were unable to get out.” One of those left behind was the startup’s accountant, whose home town of Kherson, in southern Ukraine, has been under Russian occupation since early March. On May 3rd, when the internet and mobile communications went down, she decided to risk her … [Read more...] about The war in Ukraine hasn’t ended. Here’s how these founders continue to build their businesses

Razorpay plans to raise its workforce to 5,200 by December and fill the remaining 200 positions in a year’s time from now Bengaluru-based digital payments platform PhonePe plans to double its employee strength by the end of December as it taps a boom in online transactions, the company said on April 5. The company , the market leader in transactions on the Unified Payments Interface (UPI), has 2,600 employees and 2,800 open job positions across cities such as Bengaluru, Pune, Mumbai, and Delhi it is seeking to fill. It plans to raise its workforce to 5,200 by December and fill the remaining 200 positions in a year’s time from now. PhonePe, owned by Flipkart and Walmart, plans to hire employees across engineering, products, analytics, business development, and sales. Also Read: PhonePe Pulse Q4 2021 Report: Maharashtra crosses 1 billion transactions, merchants drive highest payments Close “We are building a long-term sustainable organisation, anchored on … [Read more...] about PhonePe to double employee count by December

- A + A KYIV (June 25): Dozens of Russian missiles rained down on military facilities in western and northern Ukraine on Saturday (June 25), local officials said, as Europe's biggest land conflict since World War Two entered its fifth month. Maxim Kozytskyi, the governor of the Lviv region in western Ukraine, said in a video posted online that six missiles were fired from the Black Sea at the Yavoriv base, with four hitting the base and two being intercepted and destroyed before hitting their target. Vitaliy Bunechko, the governor of the Zhytomyr region in the north of the country, said strikes on a military target killed at least one soldier. "Nearly 30 missiles were launched at one military infrastructure facility very near to the city of Zhytomyr," said Bunechko, adding that nearly 10 missiles had been intercepted and destroyed. In the Chernihiv region, also in the north, governor Vyacheslav Chaus said the small town of Desna had come under "massed" rocket … [Read more...] about Russian missiles rain down on military sites across Ukraine, say local officials

The larger job market in India remains buoyant across sectors – even amid layoffs by a clutch of startups in recent months – and employees will generally continue to call the shots through FY23. “We see FY23 to remain an employees’ market with some amount of adjustments. Employees still have the bargaining power, opportunities and enjoy the benefit of demand,” said RP Yadav, chairman of Genius Consultants, a staffing and human resource company. While information technology and IT-enabled services will continue recruiting, e-commerce, logistics and export-oriented sectors including textiles and leather goods are doing well in terms of hiring. The consumer goods sector will increasingly do well, as will the retail and hospitality segment, according to staffing firms, HR experts and talent managers. The near-normal level of economic activity in retail and hospitality is indicative of a revival in these sectors after a prolonged phase of weakness due to the pandemic and offers a … [Read more...] about Amid startup layoffs, larger job market remains buoyant across sectors

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of online gaming company Nazara Technologies surged 20 percent intraday on June 24 after the stock adjusted for the bonus issue. The stock was trading at Rs 614.25, up 17.92 percent against the previous close of Rs 520.90, at the time of writing this report. On May 13, Nazara announced the bonus issue in the ratio of one equity share for one equity share held by shareholders as on record date. Hence, the previous closing price of the stock halved to Rs 520.90, against Rs 1,041.80 earlier. The record date for the bonus issue has been fixed as June 27, which means a person having a share of Nazara Technologies by the closing of June 27 is eligible to get a bonus share. After hitting the lowest point since listing, the stock has rebounded. Its lowest closing was Rs 500.38 on June … [Read more...] about Nazara Technologies shares spike 20% as stock trades ex-bonus

Representative Image Silver Pearl Hospitality & Luxury Spaces Limited became the 375th company to get listed on the BSE SME Platform on June 17, 2022. The company had launched its initial public offering (IPO) of 50,00,000 equity shares of Rs 10 each for cash at a price of Rs 18 per equity share, aggregating Rs 9 crore. The company successfully completed its public issue on June 09, 2022. Silver Pearl Hospitality & Luxury Spaces Limited is a West Bengal-based hospitality company that comes under the mid-priced hotel category. It includes upper-midscale, midscale, and economy hotels. Silver Pearl Hospitality's current properties are located in Rakchham, Kinnaur, and other parts of Himachal Pradesh. Silver Pearl Hospitality & Luxury Spaces Limited hotels, cafés, and restaurants are operated under the brand name "Osiya". The company also engages in the business of Online Marketing and Branding of Tashi Dolma home stay situated in Kinnaur, Himachal Pradesh on a … [Read more...] about Silver Pearl Hospitality is the 375th firm to be listed on BSE SME Platform

Pharmapacks co-founder Andrew Vagenas knows a thing or two about risk. The Bronx, New York-based entrepreneur took a leap on e-commerce only five years ago--while industry stalwarts Amazon and eBay long had a presence online. Fortunately, he's also familiar with reward. Thanks to a clutch addition to his team, the health and beauty products retailer now has Walmart knocking at its door. Plus, the company landed at No. 115 on the 2015 Inc. 5000 , with $32 million in 2014 revenue and a three-year revenue growth rate of 3,035 percent. --As told to Anna Hensel. In 2010, one of my partners and I owned a retail pharmacy in the Bronx. We were a pretty successful mom-and-pop shop, until one day everything changed: We thought we'd try selling our products online. We had access to merchandise, and I just wanted to see how well we could do. Our test went pretty well, so I reached out to family and friends--raising $750,000. I bought a little warehouse in New York City. It took us … [Read more...] about How This Entrepreneur Turned E-Commerce Giants Into Customers