India new developments

The plights of the traditional unorganised and informal co-living sector are plenty Mark Twain once famously said: “Buy land, they’re not making it anymore.” Real estate is one of our most scarce resources. As per IBEF’s Real Estate Report (November 2020), the real estate sector in India is expected to reach US $ 1 trillion by 2030. By 2025, it will contribute 13 percent to the country’s GDP. The residential segment contributes nearly 80 percent of the real estate sector and the demand concentrated in metro cities constantly outmatches supply since India’s urban housing pyramid is a skewed one with the largest proportion of the population being under-served due to issues of affordability. The metro cities in India have witnessed rapid growth in-migration, which has put considerable pressure on the existing rental housing set-up which itself was not historically designed in order to cater to the demand. With more millennials entering the workforce and contributing towards a … [Read more...] about Future of co-living in India after COVID-19: 3 crucial factors

Sharat Verma, CMO, Procter & Gamble India. (Image: CNBC-TV18) Procter & Gamble India announced new commitments aimed toward advancing equality and inclusion across India, at its third annual #WeSeeEqual summit. Built on the theme ‘#Unlearn and #Unleash’, the summit saw P&G India commit to several actions. P&G India will improve the accessibility of its brand advertising, including social media content and websites, by making it accessible to people with vision and hearing impairments by 2024. “I think by 2024-25 we should have all of our content accessible and inclusive. We are also on a journey to explore more ways and mechanisms to do this for other touchpoints. We have also made early progress; for example, Ariel and Tide are accessible to people with colour blindness. We are also working towards audio descriptions and captions in our advertising commercials,” says Sharat Verma, CMO, Procter & Gamble India. P&G India also announced that it will … [Read more...] about Storyboard18 | P&G India renews commitments to diversity and inclusion at #WeSeeEqual summit

(Image Source: Shutterstock) Web3 gaming could provide potentially better monetisation opportunities for game developers in India, the country's top gaming founders said in a panel discussion on May 5. Web3 is dubbed to be the next iteration of the Internet, which will be decentralised and run on blockchain. "Monetisation on games has been a challenge in the India market, even in a freemium model, except for a few top grossing games. The in-app purchase (IAP) conversions has been low and eCPMs (effective cost per thousand impressions) have been fairly low. I think web3 is providing a completely different set of monetization opportunities with potentially higher ARPU (average revenue per user)" said Nazara Technologies founder Nitish Mittersain in the panel discussion held at IGDC Blockchain Gaming Summit in Bengaluru. Apart from Mittersain, the panel consisted of Mobile Premier League co-founder Sai Srinivas and JetSynthesys founder Rajan Navani. It was moderated by … [Read more...] about Web3 gaming could provide better monetisation opportunities, say top Indian gaming founders

Share to Twitter Share to Linkedin The projected 10-year compound annual growth rate (CAGR) of the sector is 11.2% globally. It is expected to reach nearly $110 billion by 2031, attracting new investors and new players. New business models, delivery modalities, and offerings are emerging and evolving rapidly. What sector is it? It's executive education, which despite its burgeoning demand and creative ferment, has been an underreported growth phenomenon worldwide. Executive education, and other forms of nondegree education, have become a substantial and growing part of the content economy. The disruption of COVID accelerated this growth, but it's being driven by factors that are separate from and will endure after the pandemic. The growth of executive education and the related edtech space are attracting more attention from investors. Sequoia Capital India has invested in Emeritus and, with Owl Ventures led a $5 million seed round for Growth School, a live … [Read more...] about A Growing Part Of The Content Economy: What’s Driving The Robust Demand For Executive Education

Sanjiv Kapoor Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sanjiv Kapoor, the newly-appointed chief executive of Jet Airways , in a letter to his employees has asked them to work on 'five foundation blocks' in the next few months before the re-launch of the airline. In his letter on May 13, Kapoor said that his 'five foundation blocks' to focus on were securing Air Operator Certificate, buying new aircraft, having robust systems and processes to support operations, securing slots, and building a new team of employees. ALSO READ: Home Ministry grants security clearance to Jet Airways "Securing the Air Operator Certificate (AOC) at the earliest is our top priority right now," Kapoor said, adding that Jet Airways will be conducting its proving flight very soon. He added that the airline will look to return to the … [Read more...] about Jet Airways’ Sanjiv Kapoor asks employees to work on five ‘foundation blocks’ in next few months

After data centres, Hiranandani Group will invest Rs 3,500 crore over next 2-3 years in technology-led consumer services with its new venture, Tez Platforms. It will focus on the areas such as social media, entertainment, gaming and e-sports. The company is currently putting the team together and will work with the industry to develop suitable solutions. Darshan Hiranandani, CEO-Hiranandani Group, in an interaction with Moneycontrol said these solutions could be in the metaverse or mobile phone. "It could be in any extreme you want to take care, whether it's with VR goggles, whether it's on a PlayStation, Xbox, or Netflix games, or any different platform." According to him, the demand for the real world stuff into digital contact  is very high. "We are calling it the Metaverse because Mark Zuckerberg has decided to call it the metaverse and so we are using that as an example. I honestly don't know whether there will be one Metaverse or there'll be hundreds. I suspect there … [Read more...] about Hiranandani lines up Rs 3,500-crore investment for Metaverse

Share to Twitter Share to Linkedin The pandemic has exposed inequality of those who lack broadband, connected devices and digital skills to work, learn, and receive healthcare online. Policy research has emerged to study why broadband infrastructure and adoption shortfalls remain in a multi-trillion market. The short answer is a lack of business models. More largely, broadband policy has been slow to evolve, and the largest and richest internet platforms have lobbied to insulate themselves from financial obligations for universal access. Admittedly the notions of universal access differ across time and country and can be addressed in different ways. Presently the costs of connectivity are borne by end users and broadband providers, and yet, a class of companies profit disproportionately from the internet but do not contribute to the cost recovery of middle and last mile networks. Notably tech companies like Google, Facebook, Microsoft, Amazon, Apple, and … [Read more...] about The Growing Global Movement For Fair Cost Recovery On Broadband Networks

In the last two years DEI (diversity, equity, inclusion) work has become sought-after: 80% of the people leading these initiatives were hired in just the last 18 months. advertisement advertisement Yet, well into 2022, there remains an American-centricity to this function, even at global companies. This makes sense when you consider that San Francisco Bay is the fastest-growing area for such positions, and the company with the most DEI professionals (45) is New York-headquartered IBM . But as DEI work becomes mainstream worldwide, employees abroad are beginning to question the local relevance of policies clearly drafted with America in mind. “By not localizing your programs, you’re effectively telling people in other places that their experience is not worthy of your attention – that’s exclusion,” says Sage Franch, Toronto-based founder of Crescendo , a learning and development solutions provider. Today, global DEI programs cannot, and should … [Read more...] about Most DEI programs are missing out on large part of the population

Workers make Kerupuk deep-fried crackers, which doubled in price due to higher oil prices, aa factory in Jakarta, Indonesia. Photographer: Dimas Ardian/Bloomberg The world's supply of cooking oil -- already squeezed by war -- is getting smaller. Two months after Russia’s invasion of Ukraine upended global agricultural trade, Indonesia is set to ban exports of cooking oil in the wake of a local shortage and soaring prices, adding to a raft of crop protectionism around the world. The country accounts for more than a third of global vegetable-oil exports, with China and India, the two most populous countries, among its top buyers. Indonesia’s supply of edible oil to the world is “impossible to replace,” said Carlos Mera, head of agricultural commodity markets research at Rabobank. “It’s definitely a big blow.” Indonesia is the biggest producer of palm oil, the world’s most consumed edible oil. The southeast Asian nation’s announcement of the ban on Friday sent U.S. … [Read more...] about Cooking-oil chaos exacerbates a looming world hunger crisis

Curated Living Solutions has recently launched its premium student accommodation brand Ivy League House with 706 beds in Pune's Tathawade area. Co-living operator Curated Living Solutions, a part of the realty firm DivyaSree Group, has tied up with Visakhapatnam-based Andhra Pradesh MedTech Zone (AMTZ), a public-sector undertaking, for a 500-bed on-campus facility, which will get operational by 2023. Curated Living CEO Jai Kishan Challa told Moneycontrol on May 12 that the company would invest about Rs 20 crore, while the land would be provided by the government. "We've also signed a built-to-suit agreement, a kind of PPP model with a government PSU in Visakhapatnam, where we'll be constructing 500 on-campus beds for their students. The project has already begun, and next year, operations should start," said Challa. He said that the land lease will be valid for 33 years, renewable for another two terms. Curated Living will maintain and operate the facility for the AMTZ. … [Read more...] about Curated Living ties up with Andhra Pradesh MedTech Zone for 500-bed on-campus facility