The first wave of tech disruptions came to Indonesia through successful startups like GoJek, Tokopedia, Bukalapak, Traveloka. Now is the time for the next generation of disruptions in the economy. Players like GoJek and Grab might have together digitised a million merchants, mostly in the food and beverages space, but Menon believes they will have to bring in digital solutions for the next 59 million merchants. … [Read more...] about Meet the Indian startup founder trying to digitise small business in Indonesia
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The takeover now by Reliance Retail, will essentially give a fresh lease of life to what is an absorbing Indian entrepreneurial story. The deal is good news for lenders of Future Group who will now have secured outstanding loans protected as well as the retail ecosystem comprising small businesses and suppliers. Employees who would have otherwise stared at salary cuts and job losses now could get absorbed because Reliance Retail is aggressively expanding across India. … [Read more...] about Reliance Retail-Future Group deal: RIL unit adds Future Group’s retail business to shopping cart for Rs 24,713 crore
In the case of the National Savings Certificate, the government has brought down interest rates by a staggering 110 bps to 6.8 percent. The same for 5-year recurring deposits and 5-year time deposits have been slashed by 140 bps and 100 bps to 5.8 percent and 6.7 percent respectively. … [Read more...] about Govt slashes interest on PPF, NSC and other small savings schemes – here are the new rates
The double standards here are glaring. If the government’s cites environmental concerns to justify its indifference towards resolving the problems the EICL is facing, it is the same government that has no qualms in giving a free run to 5,000-plus illegal quarries that are blasting their way through the ecologically-sensitive Western Ghats. The Madhav Gadgil commission has warned of the irrevocable damage mining is doing to the state, but no major political party in the state voices concerns about it. This could be because illegal quarries are believed to be a source of unaccounted money for political parties in the state. … [Read more...] about Is a business-friendly Kerala a mirage?
“I have the best parents and they were always so supportive of every nonsensical little thing I was doing. There is a time in high school when I was blasting Lady Gaga in my headphones and I was outside on the tennis court dancing my heart out, thinking I was like completely alone. But of course my mom was watching through the window and rooting me on,” Smalls says. “I had no idea I was going to be a drag queen at that time. She had probably no idea what a drag queen even was. But she fully supported me doing that. It’s super cool to have that fully realized moment in The Smalls World Show.” … [Read more...] about Step inside the world of drag superstar Naomi Smalls—it might be just what you need right now