This story is part of Fast Company’s Most Creative People in Business 2022 . Explore the full list of innovators who broke through this year—and had an impact on the world around us. advertisement When U.S. sprinter Allyson Felix took to the track at the Summer Olympic Games in Tokyo in 2021, her light blue running spikes weren’t created by a major sportswear brand with an innovation lab staffed by industrial designers. They were from Felix’s then less-than-two-month-old women-focused footwear brand, Saysh , designed by a four-person team led by Nike- and Adidas-veteran Natalie Candrian, who created the shoes on a truncated nine-month timeline (most brands take four years), with Felix training in samples. Felix took home the Gold for the 4x400m relay and the Bronze for the 400m—breaking the record for the USA’s most decorated track and field athlete in Olympic history (besting Carl Lewis!). Meanwhile, the Saysh One sneaker , inspired by Felix’s professional … [Read more...] about This former Nike designer is taking performance apparel to the next level
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Wipro’s Rishad Premji feels Indian IT is in a perfect storm; here’s why
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Blame it on hometown migration, elevated attrition levels or a scenario where 30-40 percent of the employees in an organization are less that two years old, the IT industry is in a perfect storm, believes Wipro Chairman Rishad Premji . Speaking at an event organized by the Bangalore Chamber of Industry and Commerce, Premji said that those living in cities such as Bengaluru, Hyderabad, Chennai, Mumbai or Pune have gone back to their hometowns, with no active interest in necessarily returning to big cities. This, he feels, is a huge challenge for the industry despite growth since it becomes a question of how to build culture. It may be noteworthy that the IT industry has been reporting elevated attrition of late. The COVID-induced crisis led to a dramatic rise in the demand for tech … [Read more...] about Wipro’s Rishad Premji feels Indian IT is in a perfect storm; here’s why
Marico: Gradual path to recovery
Representative Image PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook The Q1FY23 results of Marico (CMP: Rs 523; Market capitalisation: Rs 67646 crore) were in line with expectations. The domestic business had a soft quarter on the back of a challenging environment coupled with category-specific headwinds in saffola edible oil. June 2022 quarter performance Standalone business (India: 75 percent of the consolidated revenues): Revenues declined 3 percent on the back a 6 percent drop in volumes. Marico saw a double-digit decline in saffola oil. Excluding saffola, volume growth was 1 percent.... … [Read more...] about Marico: Gradual path to recovery
Indian Hotels Company: Best is yet to come
PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Indian Hotels Company Ltd (IHCL; CMP: Rs 271; Market Cap: Rs 38,443 crore) has posted strong results for Q1FY23. Post two years of COVID-19 disruptions, the hotel industry is witnessing a strong demand offtake. Business and corporate demand has gained significant momentum and resurgence of international travel would only strengthen the demand. Demand-supply dynamics in the hotel industry are expected to remain favourable over the next few years. Supply is expected to remain constrained as lot of smaller players were severely... … [Read more...] about Indian Hotels Company: Best is yet to come
Samsung Electronics unveils Galaxy Z Flip 4 and Z Fold 4
Samsung Electronics Galaxy Z Flip 4 series [SAMSUNG ELECTRONICS] Samsung Electronics introduced its foldable duo — the Galaxy Z Flip 4 and Z Fold 4 — in New York on Wednesday, hoping that the newest high-end line could turn around faltering smartphone sales caused by slowing demand. The new models will go on sale on Aug. 26 with the Z Flip 4’s price tag starting at 1.35 million won ($1,033) and Z Fold 4 at 1.99 million won. The price of the Z Fold series remains the same as its predecessor while the Z Flip 4 has been bumped up by 99,000 won compared to the Z Flip 3. Major improvements include more durable materials aimed at reducing creases and processing capabilities being powered by Qualcomm’s new chipset. Roh Tae-moon, head of Samsung Electronics’ smartphone business, demonstrates the company's new foldable phones during an Unpacked event in New York on Aug. 10. [SAMSUNG ELECTRONICS] The new models will be encased in a material called Armor Aluminum, which is … [Read more...] about Samsung Electronics unveils Galaxy Z Flip 4 and Z Fold 4
Here’s Why Businesses Are Having A Tumultuous Love-Hate Relationship With AI Ethics Boards
Share to Twitter Share to Linkedin Should a business establish an AI Ethics advisory board? You might be surprised to know that this is not an easy yes-or-no answer. Before I get into the complexities underlying the pros and cons of putting in place an AI Ethics advisory board, let’s make sure we are all on the same page as to what an AI Ethics advisory board consists of and why it has risen to headline-level prominence. As everyone knows, Artificial Intelligence (AI) and the practical use of AI for business activities have gone through the roof as a must-have for modern-day companies. You would be hard-pressed to argue otherwise. To some degree, the infusion of AI has made products and services better, plus at times led to lower costs associated with providing said products and services. A nifty list of efficiencies and effectiveness boosts can be potentially attributed to the sensible and appropriate application of AI. In short, the addition or … [Read more...] about Here’s Why Businesses Are Having A Tumultuous Love-Hate Relationship With AI Ethics Boards
Murder suspect in case behind Hong Kong protests to surrender, paper says
News Desk (Bloomberg/Straits Times/ Asia News Network) Hong Kong, China ● Fri, October 18, 2019 2019-10-18 17:06 1027 7f440ff09e92db75a02bbad20600f091 2 World #HongKong,#MurderCase,protest,extradition Free The suspect in a Taiwan murder case that sparked Hong Kong's biggest political crisis in decades is willing to turn hielf in to Taiwanese authorities, a Hong Kong newspaper reported. Chan Tong Kai, a Hong Kong man who has been accused of killing his pregnant girlfriend during a Valentine's Day trip to Taiwan, is ready to return to the island and surrender after his release from jail on a related money-laundering charge, the Sing Tao Daily reported on Friday (Oct 18). Chan made the decision after consulting with a pastor, the paper said, citing a person it didn't identify. "The pastor eventually convinced him to agree in principle to surrender hielf in Taiwan, although Chan hoped that he would not be sentenced to death by Taiwan authorities," the … [Read more...] about Murder suspect in case behind Hong Kong protests to surrender, paper says
Teacher Found Dead, Weighed Body Dumped in Pond
A 40-year-old teacher has been found dead at the bottom of a pond with her body weighed down by several cement bricks on Friday evening. Wanida Omthet, 40, was reported missing in central Thailand’s Phetchaburi province two weeks ago. A 38-year-old soldier, Sgt Maj 1st Class Surin Pramnoi, has been charged with her murder. Pol Maj Gen Uthai Kawindechathorn, chief of the Phetchaburi police station, said that Sgt Maj 1st Class Surin allegedly admitted to killing the school teacher on Friday. Ms. Wanida Omthet was a teacher at a non-formal education school in the Kaeng Krachan district of Phetchaburi. Wanida and her Toyota Revo pickup truck had not been seen since the night of May 26. Wanida’s relatives filed a missing person report with the local police station. Investigators questioned her relatives and friends before focusing their attention on Sgt Maj Surin, according to Pol Maj Gen Uthai. Soldier quarreled with teacher He initially admitted that he had … [Read more...] about Teacher Found Dead, Weighed Body Dumped in Pond