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Amid startup layoffs, larger job market remains buoyant across sectors

June 23, 2022 by www.moneycontrol.com

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

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Tim Cone says Summer League best Plan B for Kai Sotto after NBA Draft snub

June 26, 2022 by sports.inquirer.net

Kai Sotto is looking out for other pathways to the NBA. —ADELAIDE 36ERS PHOTO Barangay Ginebra coach Tim Cone is hesitant to apply a hackneyed hoop label on NBA hopeful Kai Sotto. “He’s got unique skills,” Cone, who is headed to the NBA Summer League to join the Miami Heat coaching staff, said late Friday night after his team’s 75-72 squeaker over San Miguel Beer that catapulted the Gin Kings to the top of the standings. “He’s if I may say—I won’t call him a unicorn, because that’s kind of reserved for [Washington big man Kristaps] Porzingis and now [Oklahoma City draftee] Chet Holmgren—but I’ll call him a baby unicorn. He’s still developing his skills. He’s got a shot [to make the NBA]. There’s no doubt,” Cone added. But to earn that shot, Sotto needs to be visible. “I think the next step for him is to get to a Summer League team and get playing time and showcase his skills,” Cone said. “Someone’s going to find him. If you’re that good, they’ll find you in the NBA. You … [Read more...] about Tim Cone says Summer League best Plan B for Kai Sotto after NBA Draft snub

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Friends at first sniff: People smelling alike do hit it off

June 26, 2022 by newsinfo.inquirer.net

INQUIRER.net stock images WASHINGTON — It’s often said that people who click right away share “chemistry.” This expression could be true in the literal sense, according to a new study published in the journal Science Advances on Friday, which finds people with similar body odors are more likely to hit it off as friends. “Nonhuman terrestrial mammals constantly sniff themselves and each other and, based on this, decide who is friend or foe,” wrote a group of researchers led by Inbal Ravreby at Weizmann Institute of Science in Israel. Since people seek friends who are similar to themselves, the team hypothesized that humans may smell themselves and others to subconsciously estimate body odor similarity and judge their compatibility. To find out, they set about collecting samples from pairs of same-sex, nonromantic friends who described themselves as having clicked at first sight, that is to say “where a sense of friendship was formed before extensive biographical information … [Read more...] about Friends at first sniff: People smelling alike do hit it off

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R Systems Intl Consolidated March 2022 Net Sales at Rs 343.11 crore, up 38.54% Y-o-Y

June 24, 2022 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for R Systems International are: Net Sales at Rs 343.11 crore in March 2022 up 38.54% from Rs. 247.65 crore in March 2021. Quarterly Net Profit at Rs. 29.69 crore in March 2022 up 19.31% from Rs. 24.88 crore in March 2021. EBITDA stands at Rs. 46.80 crore in March 2022 up 30.04% from Rs. 35.99 crore in March 2021. R Systems Intl EPS has increased to Rs. 2.51 in March 2022 from Rs. 2.08 in March 2021. Close R Systems Intl shares closed at 217.75 on June 23, 2022 (NSE) and has given -28.38% returns over the last 6 months and 54.21% over the last 12 months. R Systems International Consolidated Quarterly Results in Rs. Cr. Mar'22 Dec'21 Mar'21 Net Sales/Income from operations … [Read more...] about R Systems Intl Consolidated March 2022 Net Sales at Rs 343.11 crore, up 38.54% Y-o-Y

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Accumulate Vinati Organics; target of Rs 1983: CD Equisearch

June 24, 2022 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × CD Equisearch's research report on Vinati Organics As per Crisil Research, the Indian specialty chemicals industry is expected to outpace its Chinese counterpart and almost double its global market share to ~6% by 2026. Much of this growth will be powered by solid export tailwinds due to a shift in the global supply chain driven by the China+1 policy of vendors and demand recovery in domestic end-user segments. Currently, the industry is confronted with a sharp rise in input costs, including fuel costs, and facing logistical challenges emerging from China. Beyond the ‘Chine plus one’ opportunity within agrochemical and pharmaceutical manufacturing, tailwinds from the imminent investment cycle in e-mobility, batteries, and renewables have further expanded the total addressable market that has … [Read more...] about Accumulate Vinati Organics; target of Rs 1983: CD Equisearch

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Russian missiles rain down on military sites across Ukraine, say local officials

June 25, 2022 by www.theedgemarkets.com

- 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

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Singapore regulator praises leaders of crypto firms like Binance

June 25, 2022 by www.theedgemarkets.com

- A + A (June 25): Just days after saying Singapore is “brutal and unrelentingly hard” on bad behaviour in the crypto industry, Sopnendu Mohanty, the chief fintech officer of the city’s regulator, struck a cordial tone. Mohanty, in a LinkedIn post summarising his thoughts from the Point Zero Forum in Switzerland, commended the leadership of some of the biggest firms in the sector. “Leaders from the crypto/token space (Binance, Crypto.com, Ripple and others) are fully committed to building a secure and sustainable innovation solving real problems, and identifying real-economy opportunities,” said Mohanty of the Monetary Authority of Singapore (MAS). “It is heartening to see the clarity among chief executive officers (CEOs) on the need to create a responsible and compliant industry. The future is on the right path.” Mohanty’s praise comes as the digital currency market continues to spiral downwards following a broad-based sell-off in digital assets and the collapse … [Read more...] about Singapore regulator praises leaders of crypto firms like Binance

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The war in Ukraine hasn’t ended. Here’s how these founders continue to build their businesses

June 24, 2022 by www.fastcompany.com

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

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Ukrainian city falls to Russia in one of war’s bloodiest fights

June 26, 2022 by newsinfo.inquirer.net

Ukrainian service members walk in the industrial area of the city of Sievierodonetsk, as Russia’s attack on Ukraine continues, Ukraine June 20, 2022. (REUTERS/Oleksandr Ratushniak/File Photo) KYIV/POKROVSK, Ukraine — Russian forces have fully occupied Sievierodonetsk, the mayor of the eastern Ukrainian city said on Saturday, confirming Kyiv’s biggest battlefield setback for more than a month, after weeks of some of the war’s bloodiest fighting. Ukraine called its retreat from the city a “tactical withdrawal” to fight from higher ground in Lysychansk on the opposite bank of the Siverskyi Donets river. Pro-Russian separatists said Moscow’s forces were now attacking Lysychansk. The fall of Sievierodonetsk — once home to more than 100,000 people, now a wasteland — was Russia’s biggest victory since capturing the port of Mariupol last month. It transforms the battlefield in the east after weeks in which Moscow’s huge advantage in firepower had yielded only slow gains. Russia will … [Read more...] about Ukrainian city falls to Russia in one of war’s bloodiest fights

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How Metro Brands’ massive offline presence is helping its online journey

June 25, 2022 by www.moneycontrol.com

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

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