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Policy Talk | Startups need to define their vision as an industry

June 10, 2022 by www.moneycontrol.com

Yatish Rajawat – What was your objective in writing the book and what do you think is its impact? Harish Mehta - I’ll go back to say, 3 years, when I was reading books of RBI governors, IAS officers, politicians, etc. I have been involved with NASSCOM from the beginning and have seen how NASSCOM and the IT industry have evolved and how India has changed, I’m very proud of what everyone has done in this process. However, I didn’t see any of those books giving any credit to our industry - NASSCOM is not even listed anywhere, leave alone its contribution. There is an African proverb you may remember or know, “If lions had historians the tales of hunting would be different.” So that drove me to write the book about the story of how the IT industry changed. Like Dr. Sumant Rao Bhosre used to say, 1000 years of the downward spiral of India was arrested by the IT industry of India. NASSCOM was the sutradhar driving it. So that is what I used as a theme in my book. We have put our … [Read more...] about Policy Talk | Startups need to define their vision as an industry

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Phuket officials say local Sunday market rakes in 2 million baht a week

June 24, 2022 by thethaiger.com

Phuket officials say that a weekly market in the island province’s main city district has raked in at least 2 million baht a week this month. A local leader said the famous “Lard Yai” Phuket Street Sunday Market has seen a jump in tourists visiting it every week, now that Thailand is slowly winding its tourism industry up again. The market, running for around 7 years now, with a few Covid ‘interruptions’, has been the island’s most popular fusion of the local and touristy elements, themed in amongst the region’s best examples of sin0-portuguese shop houses. The Vice President of the Old Phuket Town Community said tourists are drawn to the food and products showing Phuket’s authentic heritage. The VP, Somyos Patan, told The Phuket Express… “There are more than 500 shops and stalls at the market where most are presenting signature items of Phuket food and products with music along the road.” Somyos said the market is one of the most famous sites on Thalang Road for tourists. … [Read more...] about Phuket officials say local Sunday market rakes in 2 million baht a week

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What’s Fueling the Boom in Online Mattress Startups?

August 5, 2015 by www.inc.com

Not too long ago, buying a mattress with a click instead of a trip to a store was virtually unheard of. But now that easy delivery processes and generous return policies have helped online mattress retailers gain traction with consumers, entrepreneurs have taken notice. No fewer than six startups are vying to become the online mattress retailer of choice. The latest entrant is Helix Sleep , which three Wharton grads launched this week. Helix joins Casper (one of Inc.'s 30 Under 30 startups), Tuft and Needle, Leesa, Saatva, and Novosbed in what is quickly becoming a very crowded market. Here's what's fueling the online mattress boom. Brick-and-Mortar Straw Men Why would three Wharton grads enter this crowded field? In addition to all of the high-profile startups, you have heavyweight incumbents (mattress makers like Tempur Sealy and retailers like Mattress Firm) to deal with. For Helix, which has raised $800,000 from friends and family, the … [Read more...] about What’s Fueling the Boom in Online Mattress Startups?

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German Minister Warns Of ‘Catastrophic’ Industrial Shutdowns And Mass Unemployment If Gas Crisis Continues

June 24, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline Germany’s economy minister Robert Habeck said the country’s federal government is attempting to stabilize energy supplies but warned of potential industry shutdowns and job losses if gas reserves run low in the winter, a day after he said Russia’s throttling of natural gas supply to Germany could ripple into a Lehman Brothers-style collapse of the energy sector. Key Facts In an interview with German magazine Der Spiegel , Habeck said Germany has never been in a situation like the current “gas crisis” adding that the government was trying to procure replacements and expand its natural gas infrastructure to counteract the drop in supply from Russia. Habeck once again urged the German people to cut back on gas consumption wherever possible. The minister said if the government's efforts to resolve the crisis fail and there is not enough gas some industries that consume the fuel will have to be shut … [Read more...] about German Minister Warns Of ‘Catastrophic’ Industrial Shutdowns And Mass Unemployment If Gas Crisis Continues

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Biocomposites industry records exports worth RM4.3 bil in 2021

June 25, 2022 by www.theedgemarkets.com

Datuk Seri Dr Wee Jeck Seng (Bernama filepix) - A + A PORT DICKSON (June 24): The biocomposites industry in Malaysia has been growing rapidly, recording exports worth RM4.3 billion last year, or 19% of the total timber exports value of RM22.74 billion. Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng said the major exporters of biocomposite products, comprising plywood, veneer and fibreboard, are the United States, Japan, China and Singapore. “There are 176 plywood factories, seven factories each producing chipboards and fibreboards, and three wood plastic composite (WPC) factories in the country for producing biocomposite raw materials, especially for the furniture and construction sectors. "At the global level, the country is ranked fifth as a plywood exporter, 17th for fibreboard and 29th for chipboard," he told reporters after officiating the construction of a food and beverage kiosk made from WPC here on Friday (June 24). … [Read more...] about Biocomposites industry records exports worth RM4.3 bil in 2021

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Edlyft Takes Aim At The $100 Million Diversity And Inclusion Tech Market

June 23, 2022 by www.forbes.com

Share to Twitter Share to Linkedin The never ending reverberating sound of diverse tech talent pipeline issues has finally met its match. Edlyft , the digital platform of study tools and online cohort-based support of the most sought-after student tech talent, is taking the $100 million diversity and inclusion tech market by storm. The company’s Co-Founders Erika Hairston and Arnelle Ansong are disrupting the industry by being the first place companies go to find, engage, and hire diverse technical early talent. ​​​​ The Breakdown You Need To Know: The tech industry has been exclusive and severely lacking in diversity. In order to effectively tackle this issue head on Edlyft has raised millions of dollars in venture capital funding. Some of the inventors include Kleiner Perkins, Village Global, Concrete Rose Capital, and notable angels like Jeff Weiner, as CultureBanx noted during its “ Igniting Cultural Capital ” session with UBS. … [Read more...] about Edlyft Takes Aim At The $100 Million Diversity And Inclusion Tech Market

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Govt in discussion with poultry industry players to set new chicken ceiling price

June 25, 2022 by www.thestar.com.my

KUALA LUMPUR: The Domestic Trade and Consumer Affairs Ministry is holding an engagement session with poultry industry players to determine the new ceiling price for chicken. Its minister Datuk Seri Alexander Nanta Linggi said the session was held on Saturday (June 25) following the announcement of Prime Minister Datuk Seri Ismail Sabri Yaakob on the decision of the government to continue setting the ceiling price of chicken in the market. ALSO READ: PM: Chicken prices will not be floated "The meeting with industry practitioners as stakeholders in the chicken supply chain in the market is, among others, to ascertain the chicken ceiling price as the current ceiling is scheduled to expire on June 30," he said in a Facebook post on Saturday. According to Nanta, the meeting which began Saturday morning would take into consideration all views in determining the maximum price of chicken in the market ALSO READ: Angkasa identifies nine cooperatives to help address chicken … [Read more...] about Govt in discussion with poultry industry players to set new chicken ceiling price

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Chicken ceiling price: KPDNHEP holds discussion with industry players

June 25, 2022 by www.theedgemarkets.com

On Friday (June 24), the prime minister announced that the government had decided that the price of chicken would not be floated in order to ensure the people are not burdened. (Photo by Mohd Suhaimi Mohamed Yusuf/The Edge) - A + A KUALA LUMPUR (June 25): The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) on Saturday (June 25) held an engagement session with practitioners of the country’s chicken supply chain to determine the new ceiling price for chicken. Minister Datuk Seri Alexander Nanta Linggi said the session was held following the announcement of Prime Minister Datuk Seri Ismail Sabri Yaakob of the decision of the government to continue setting the ceiling price of chicken in the market. “The meeting with industry practitioners as stakeholders in the chicken supply chain in the market is among others to ascertain the level of the chicken ceiling price as the current ceiling price is scheduled to expire on June 30 (next Thursday),” he said in … [Read more...] about Chicken ceiling price: KPDNHEP holds discussion with industry players

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RBI present in forex market, will not allow jerky moves in rupee, says Deputy Governor Patra

June 24, 2022 by www.moneycontrol.com

The Reserve Bank of India (RBI) will continue to stand for the rupee’s stability and will not allow any knee-jerk depreciation of the currency against the dollar, a deputy governor of the central bank said on June 24. “We don’t know where the rupee will be, even the Fed (US Federal Reserve) does not know where the dollar will be. But be sure of one thing, we will stand for its stability and we are doing it on a ongoing basis even as we speak,” Michael Patra said at an event in New Delhi. “We are there in the market; we will not allow disorderly movements in the rupee. We have no level in mind, but we will not allow jerky movements,” Patra said. The amount of depreciation of the rupee is one of the least in the world, he added. The rupee has been depreciating against the dollar steadily following aggressive rate hikes by the US Federal Reserve. The rupee had closed at a record low of 78.39 to the dollar on June 22 and is down over 5 percent in 2022. Close The … [Read more...] about RBI present in forex market, will not allow jerky moves in rupee, says Deputy Governor Patra

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Paragon Globe, Bumi Armada, Apollo Food, Hong Seng, Astino, Shangri-La, VS Industry, Euro, Supermax and Sime Darby Property

June 25, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (June 24): Here is a brief look at some corporate announcements and news flow on Friday (June 24), which involved Paragon Globe Bhd, Bumi Armada Bhd, Apollo Food Holdings Bhd, Hong Seng Consolidated Bhd, Astino Bhd, Shangri-La Hotels (Malaysia) Bhd, VS Industry Bhd, Euro Holdings Bhd, Supermax Corp Bhd and Sime Darby Property Bhd. Paragon Globe Bhd is buying three pieces of freehold agriculture plots in Plentong, Johor, for RM38.08 million to be developed into a "well-conceptualised" commercial area that it believes will enhance its future revenue and earnings. The group said the plots — measuring 10.86 ha — are being bought by its wholly-owned Paragon Platinum Sdn Bhd, which has inked the respective sale and purchase agreements with the vendors — Singaporeans Lim Thiam Seng and Lim Yok Sing and two companies linked to them, Eng Foo (Lim) Enterprise Sdn Bhd and Heng Foo Lim Enterprise Sdn Bhd — for the proposed acquisition. Bumi Armada Bhd … [Read more...] about Paragon Globe, Bumi Armada, Apollo Food, Hong Seng, Astino, Shangri-La, VS Industry, Euro, Supermax and Sime Darby Property

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