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Showing posts from November, 2022

Dr. S N Subbramanian, Chairman, SNS College Of Engineering - Quality Education Is The Watchword For SNS College

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SNS College of Engineering , Coimbatore is an excelling institution in the state committed to producing engineers with high calibre and professionalism by accelerating Engineering and Technological education under one roof. The college was established in 2002 by Sri SNS Charitable Trust with a high Mission and noble thought of educating the needy. Dr. S N Subbramanian , the chairman is a humanitarian., educationalist and an industrialist. He shaped the SNS empire for the last 21 years. Dr. S Nalin Vimalkumar is the MD of SNS Colleges. The campus is well-structured in a beautiful environment, with the best infrastructural facilities. The college offers 13 UG, 6 PG and 5 Ph.D/Research Programs in the leading fields of Engineering/Technology and Management. The SNS College of Technology that we see today is the reward of several years of hard work. It is the first indian institute to implement design thinking in education. SNS College of Engineering S N Subbramanian, the chairman...

India's Adani Enterprises seeks to raise $2.5bn through new share sale

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Adani Enterprises seeks to raise 200 billion rupees ($2.5 billion) through the sale of new shares as billionaire Gautam Adani’s flagship company looks to increase its free float and improve leverage ratios. The board of the Ahmedabad-based company, led by Asia’s richest person, approved a further public offer of equity shares, according to an exchange filing on Friday. The breakneck expansion by the ports-to-power conglomerate has added both financial complexity and leverage to the business. The fund-raising, in one fell swoop, can improve the company’s debt ratios — lenders are urging for it too — and broaden its investor base, increase stock liquidity and possibly spur analyst coverage for a company that is currently tracked by just two brokerages, despite surging more than 2,000 per cent in the past four years. Shares extended declines to as much as 1.9 per cent after the announcement during trading in Mumbai. While Adani Enterprises does not have a dollar bond, all outstanding doll...

Cost Reduction Is a Continuous Journey At Usha Martin: Rajeev Jhawar, Md Usha Martin

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Usha Martin is one of the world’s leading manufacturers of wire rope. Established in the year 1960, today Usha Martin is a multi-unit and multi-product organization. The wire rope manufacturing facilities located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce one of the widest ranges of wire ropes in the world. The infrastructural facilities are equipped with the latest state-of-the-art high-capacity machines to manufacture world-class products. The global R&D center of Usha Martin located in Italy is actively engaged in designing wire ropes and uses proprietary design software to develop products that are the best in class. Watch More: Usha Martin has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Long-standing application of their wire ropes in diverse sectors like Oil & Offshore, Mining, Crane, Elevator, Infrastructure etc. is the testimony of their expertise in manufacturing high-quality wire rope products. Rajeev Jhawar Usha Martin a...

Booker Prize winner Shehan Karunatilaka: 'Sri Lanka has seen so many false dawns'

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The Booker Prize-winning author Shehan Karunatilaka has lamented the state of Sri Lanka today after natural disasters, poor economic management and political failure pushed his island nation home to the brink of collapse. Speaking to The National at the Sharjah International Book Fair, Karunatilaka, 47, said the peril his nation faced quickly vanished from the headlines shortly after protests caused the last government to fall in July. “We have had a tsunami, we've had the Easter attacks, we have an economic collapse,” he said. “It is just that I have lived in Sri Lanka for over 40 years, and we've had so many false dawns.” A cost of living crisis, medicine shortages and the continuing lack of foreign currency to import goods threatens to leave millions starving, the UN said this week. On Monday, President Ranil Wickremesinghe set out his first budget since taking office in an attempt to turn around the economy by late 2023. Karunatilaka's book The Seven Moons of Maali Alme...

Money & Me: ‘I work hard to reward myself and people around me'

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Mazen Kanaan is chief executive and co-founder of House of Pops, a UAE brand of fruit-based, sustainably-packaged ice lollies. In four years, it has grown from two to 80 employees through pop-up shops around Dubai to also catering for schools, hotels, events, supplying Carrefour supermarkets and franchising in Saudi Arabia and Bahrain. Strong sales at their Dubai Expo 2020 kiosk helped them to expand to a factory seven times larger than their old premises. Mr Kanaan, who is from Lebanon, worked in marketing with Tate & Lyle, in ice cream for Unilever, and at Lipton. Now 38, he recently married co-founder Marcela Sancho. They share an apartment on Dubai’s Palm Jumeirah. Read more : https://www.thenationalnews.com/weekend/2022/11/11/money-me-i-work-hard-to-reward-myself-and-people-around-me/

Michael Novogratz discloses $77m exposure to crypto exchange FTX

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Galaxy Digital Holdings, the crypto financial services company founded by billionaire Michael Novogratz, has disclosed a $76.8 million exposure to collapsed exchange FTX and expects the turmoil in the industry to continue in the weeks ahead. Galaxy, which uses FTX to hold assets, said $47.5m worth of assets is currently in the withdrawal process, the company disclosed in its third-quarter results. FTX, cofounded in 2019 by chief executive Sam Bankman-Fried and Gary Wang, halted withdrawals on Tuesday, citing a liquidity crunch, and agreed to a buy-out offer from Binance, which has since backed out of the deal. Galaxy’s net comprehensive loss was $68.1m, compared with a $517.9m gain in the same period a year ago, primarily because of unrealised losses on investments, driven by reduced valuations under external market conditions. “We are going to have to be nimble and agile for the next two to 12 weeks as this digests, and people really make sense of what happened,” Mr Novogratz said dur...

Alastair Burt says 'no hands from outside' can fix Iraq's political problems

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Alastair Burt, a former Middle East minister, has said Iraq's leaders must take on the country's challenges and not simply hope that partners like the UK can play a greater role in the reconstruction of the state. Almost 20 years after British troops took part in a coalition invasion of Iraq, Mr Burt said he is routinely asked why the UK government chooses to take a backseat role in the rebuilding of the nation and establishment of a post-Saddam democratic system. “I think it's perfectly clear now that the issue of the determination of the future of governance in Iraq will be quite properly in the hands of the Iraqi people and those who are elected and guiding them,” he said. “It won't be in the hands of anyone from outside.” The British Army maintains a presence in the country but this is solely in training capacity aimed at equipping local forces with the skills needed to prevent a resurgence of Isis. Read More : https://www.thenationalnews.com/world/uk-news/2022/11/1...

Britain to withdraw troops from Mali peacekeeping force

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Britain will pull out the 300 troops it had sent to Mali as part of a UN peacekeeping force in the West African country following similar withdrawals this year by other Western nations, a government minister said on Monday. The early withdrawal comes after France and its military allies began withdrawing thousands of troops from Mali this year as the country’s military junta began collaborating with private contractors belonging to Russia’s Wagner Group. The Western withdrawals from Mali this year have caused fears among diplomats that this could increase violence, destabilize neighbors and embolden extremists. British Armed Forces Minister James Heappey told parliament recent coups in Mali had undermined international efforts to help bring peace in the country, which has seen growing violence in recent years by groups linked to Al-Qaeda and Daesh. “This government cannot deploy our nation’s military to provide security when the host countries government is not willing to work with us ...

Inspiring Life Stories: These Senior Entrepreneurs Are Proof That It’s Never Too Late To Follow Your Dreams

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Have you heard about a person who started a startup at the age of 75? Or about a 100-year-old lady whose work is popular all over the world? Find out the story of those senior citizens who prove that age is just a number. Watch Video Inspiring Life Stories: Believe it or not, there are many stories around us that are inspiring millions. they are popular for their work and what they did for society. At 100, Padmam Nayar creates Stunning hand-painted sarees that are ordered from around the world. Talking about another story, 74-year-old Saroj Velan became an entrepreneur at 70. find out about more inspiring senior citizens who are inspiring youths. Read More : https://www.india.com/video-gallery/these-senior-entrepreneurs-are-proof-that-its-never-too-late-to-follow-your-dreams-find-out-inspiring-life-stories-5742538/

Shudhanshu Dwivedi, 19 Years Old E-Commerce Entrepreneur Shares His Insider Knowledge On What It Takes To Succeed

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Shudhanshu Dwivedi, one of the country's youngest e-commerce entrepreneurs, helps newbies learn what it takes to be successful in today's competitive e-commerce industry. With five years of experience and three start-ups under his belt, he shares his knowledge with anyone willing to listen. He does this by using his business education, as well as his creative thinking, to come up with innovative ways to help people get their start in the e-commerce business. At just 19 years old, he has become one of India's young e-commerce entrepreneurs. He was inspired to start his company because he felt like there wasn't a place for him as a designer or a developer. He wanted a platform where he could showcase his work and help people who want to step into the e-commerce dropshipping business. He has an online platform that connects people from all over the world with many opportunities in this e-commerce field. Starting a business is never easy. But if you are passionate and have ...

Producer Guneet Monga & fashion entrepreneur Sunny Kapoor to tie the knot in December

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Producer Guneet Monga on Monday announced she will tie the knot with her fiance, fashion entrepreneur Sunny Kapoor, in December. Monga will marry Kapoor in Mumbai on Dec 11 and 12, which will be followed by extended functions in Delhi on December 16, the filmmaker shared in a statement. The producer, known for backing critically-acclaimed films like the "Gangs of Wasseypur" series, "Shahid", "Masaan", "The Lunchbox" and "Pagglait", had announced her engagement to Kapoor in April Read More : https://economictimes.indiatimes.com/magazines/panache/producer-guneet-monga-fashion-entrepreneur-sunny-kapoor-to-tie-the-knot-in-december/articleshow/95505228.cms

Starting out, I didn’t think I’d last seven days: veteran entrepreneur Bikram Dasgupta

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“Even God didn’t understand me, which is why he has given me so much. I’ve got much more than I deserve,” is how Bikram Dasgupta, 71, explains his success story. Over the last quarter of a century, BDG (as he is fondly known), proved to be an innate innovator with “a fertile mind” (as described by Shiv Nadar). An integral part of the cohort of IT revolutionaries who put India on the global entrepreneurial map in the 1980s and ’90s, Dasgupta proceeded to diversify at the turn of the century, stepping into infrastructure, education and philanthropy. Currently the founder and executive chairman of Globsyn, Dasgupta, who celebrates 25 years of his work-life in Kolkata this month, is far from done. My Kolkata caught up with Dasgupta at The Oberoi Grand to explore his relationship with Kolkata, his lessons from entrepreneurship, the nature of his present life in Dubai and more. Edited excerpts from the conversation follow. Read More : https://www.telegraphindia.com/my-kolkata/people/veteran-...

This 18-year-old social entrepreneur is helping artists, creators to monetise their art

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Eighteen-year-old Suhani Dhadphale from Pune believes that compartmentalised education and a blinkered approach toward the art and creative industry has led to a dearth of opportunities in the creative field. Lack of monetisation and reduced scope of innovation further discourages students from exploring the field. This is what propelled Suhani to launch Sangam India, a platform to empower artists, entrepreneurs, and creative minds. Started in early 2020, Pune-based Sangam has a team of 32 people aged between 14-24 years, and has a community of over 600 artists from across India. It is known for its events where artists and entrepreneurs get to showcase their skills, expand their businesses, and meet their future collaborators. Read more at: https://yourstory.com/socialstory/2022/11/social-entrepreneur-helping-artists-creators-monetise-art

Anurag Batra – An Inspiration For India’s Budding Entrepreneurs

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Anurag Batra  is an Indian Entrepreneur living in New Delhi. He is an entrepreneur, journalist, internet evangelist and media expert all rolled into one. Anurag Batra  is a first-generation entrepreneur who acquired the iconic business media and magazine brand BW Businessworld, one of the most respected business publications in the country. He is the Chairman & Editor-in-Chief of BW Businessworld Group and also serves as the Founder & Editor-in-Chief of Exchange4media Group . Anurag Batra  is an entrepreneur of a different flavour. Unpretentious and sincere, this dynamic entrepreneur is a name many will find instantly recognizable. He was born on August 27, 1972 and grew up in a middle-class family in Gurgaon. His wife, Niti Batra is a second-generation entrepreneur and leads her family business of travel services established 40 years back successfully. She is currently the director of Joy Travels Pvt Ltd. Anurag Batra ’s daughter Prarthna Batra is a stu...

Elon Musk takes away 'days of rest' at Twitter in another major shift from Jack Dorsey's leadership style

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Twitter employees are losing additional days off in yet another change to their work culture under Elon Musk's leadership, according to people familiar with the matter. On Thursday, employees began to notice that regular company-wide days off — called "days of rest" — had been removed from their calendars, two people with knowledge of the company told Insider. Meanwhile, the people said there has been "absolutely zero" communication from the company's top leadership since Musk's takeover — about the days off or anything else. Employees were left to ask their managers directly about the changes to their calendar, the people said. Eventually, individual managers confirmed that the "days of rest" were no more, the people said. 

Ratan Tata-backed Electra EV raises $25 million from GEF Capital Partners

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Electrodrive Powertrain Solution or Electra EV, an electric mobility startup owned and promoted by industrialist Ratan Tata, has raised about USD 25 million in investment from GEF Capital Partners. Set up in 2017, Electra EV designs and develops, integrates, manufactures, and supplies EV powertrains systems across passenger and commercial vehicle segments. Its offerings are end-to-end powertrain solutions - supplying full systems including battery packs, e-traction systems, and integrated electronics, sub-systems, and components across multiple segments like two and three-wheelers, four-wheelers and EV applications in agriculture and off-highway segments. According to a statement on Thursday, Electra EV will utilize the raised capital for expanding its product portfolio across e3 Wheelers, e4 Wheelers, agricultural applications, and other EV segments to serve both domestic and international manufacturers. The Company plans to further enhance its design, testing, and prototyping capabil...

Great Wall Motor Chairman Accelerates Layout in New Energy Fields

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Wei Jianjun, Founder and Chairman of Great Wall Motor (GWM), Eric Li, Chairman of Geely, and Wang Chuanfu, Chairman of BYD, are all top executives of China’s leading new energy vehicle manufacturers. Compared with the heads of other domestic auto firms, Wei tends to operate in a very low-key manner, but the new energy business map he has been developing is impressive. On October 21, GWM announced that it plans to use its own funds with Wei Jianjun and Wensheng Technology (Tianjin) Co., Ltd. to jointly establish Xindong Semiconductor Technology Co., Ltd., with registered capital of 50 million yuan ($6.85 million). Wensheng Technology, which is actually controlled by Wei Jianjun, has subscribed capital of 35 million yuan in the new company, accounting for 70% and making it the largest shareholder of Xindong Semiconductor. According to a report by STAR Market Daily, in addition to holding a 99% share in Wensheng Technology, Wei Jianjun also indirectly holds shares in four related companie...

China's richest people lost about $13 billion in just one day due to a market sell-off after President Xi Jinping secured a third term

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The richest people in China lost billions in just one day, following a massive market sell-off which sent Hong Kong shares down to their 14-year lows on Monday, according to the Bloomberg Billionaires Index. The 13 wealthiest Chinese tycoons on Bloomberg's billionaires' list saw $12.7 billion of their wealth wiped-out, after President Xi Jinping's consolidation of power sparked fears about the recovery prospects for China's economy over Xi's top-down approach in economic management. Tencent founder and CEO, Pony Ma, was the biggest loser in the market rout, as his net worth plunged by $2.5 billion to $24 billion, per Bloomberg. Ma's losses were largely due to losses in the share price of Hong Kong-listed Tencent, which closed 11% lower on Monday at 207 Hong Kong dollars, or $26.4. Ma's fellow tech tycoons were also badly hit by Monday's plunge in stock prices. Alibaba founder Jack Ma lost $1.2 billion, bringing his net worth down to $29 billion, while JD...