Tag: business

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Work-at-home concept started in India

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Shri Mahila Griha Udyog Lijjat Pappad, a co-operative started in 1959 in Bombay by seven housewives who made the humble poppadoms, a crispy, savoury snack that became a staple of Indian meals. Now sixty-five years later, the co-operative has spread across India with over 45, 000 women members grossing a turnover of £150m and exports its products to several countries around the world. Under-privileged Women in this co-operative got their pride and respect as they produced several items including spices, chapatis, Poppadoms. “Lijjat is a temple for us, as it helps us earn money and feed our families. The decision … Continue reading Work-at-home concept started in India

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Post Office spent over £132m of taxpayer money defending itself

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The Post Office has spent over £132m of taxpayer money ( £82m in the 12 mon ths to 31st March 2024, £38m the previous 12 months, and £12m in the year prior to that, defending itself at the inquiry into the wrongful conviction of 900 sub-postmasters who were prosecuted wrongly for shortfalls in their accounts caused by bugs in Fujitsu’s Horizon IT system in what has been described as one of the most widespread miscarriages in British legal history. Most sub-postmasters wrongly convicted lost their livelihoods or were forced to make up shortfalls from their own money, while some former sub-postmasters … Continue reading Post Office spent over £132m of taxpayer money defending itself

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Royal Mail £3.6bn takeover approved by the UK Government

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Daniel Kretinsky (49), Czech low-key billionaire entrepreneur, whose net worth is £6bn, is the new owner of Royal Mail, the historic British company, after the £3.6bn takeover sale of its parent firm was approved by the UK Government. His EO Group is ready to make Royal Mail successful. His investments are in Eustream, Central and Eastern European energy via a labyrinthine structure of companies, which transports Russian Gas via pipelines that run through Ukraine, the Czech Republic and Slovakia.  He build up well-known brands through Vesa Equity Investment, a private firm which is Luxembourg, also holds big stakes in Sainsbury’s … Continue reading Royal Mail £3.6bn takeover approved by the UK Government

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Son’s unique blend of financial engineering, power of optimism, daring to dream

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Masayoshi Son, as an ethnic Korean in Japan, Son has overcome adversity, born in Korean poverty and forced to pass as Japanese, driven by the need for acceptance in a famously regimented society despite discrimination to become Japan’s best-known businessman and empire-builder, but he remains elusive, intensely private figure. He had chips on his shoulders put chips in pockets. In Gambling Man, we learn what drives Son on, and whether he really is a genius or a madman. Son merely wants to show off his Japanese garden, although there are no rosebud moment, but he enigmatic as ever. SoftBank founder … Continue reading Son’s unique blend of financial engineering, power of optimism, daring to dream

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Indian Titan Ratan Naval Tata died aged 86

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Indian Tycoon Ratan Tata has died aged 86, at Mumbai hospital. He led the conglomerate Tata Group, for more than two decades. Tata one of India’s most internationally recognised business leaders with annual revenues in excess of $100bn ( £76.5 bn). Current chairman of Tata Sons Natarajan Chandrasekaran  added “ On behalf of the entire Tata family, I extend out deepest condolences to his loved ones. His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed”. During his tenure as Chairman of Tata Group, the conglomerate made several high-profile acquisitions, including the … Continue reading Indian Titan Ratan Naval Tata died aged 86

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World of uncertainty

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As luck would have it nothing in this world is certain accept death, taxes and uncertainty. From Breakfast to AI replacing human, the human condition is full of uncertainty. Britain’s most eminent statistician, David Spiegelhalter believes “ is all about us, but, like the air we breathe, it tends to remain unexamined.” His previous book in 2019, The Art of Statistics was a bestseller, during the Covid-19 pandemic, the Cambridge university emeritus professor of statistics acquired national treasure status as he helped an anxious nation to interpret the data. For over 5000 years from Greek to Mongolia humanity had fancied … Continue reading World of uncertainty

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Harnessing business power for sustainability

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How pioneering business billionaires are resetting their companies’ relationship to nature, society, and our common future creating sustainable prosperity and reveals us how to balance business needs with impact on nature, shareholders with stockholders, and short-term vs Long-term profits. Strategies for addressing the negative externalities and trade-offs  that arise from doing business, identifying the right metrics and targets to deliver on your purpose, and accounting for human, social and natural capital, alongside financial capital. A must-read book for business leaders, entrepreneurs, and changemakers at companies around the world. Luc Hoffman, heir to the Roche Pharmaceutical group shows us how business … Continue reading Harnessing business power for sustainability

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Not Guilty after being railroaded by HP

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Fifty-nine Year-old, Mike Lynch, British tech tycoon and Autonomy co-founder cleared of fraud after spending more than a decade fighting fraud accusations about making $516 million from selling his company, says he feared that he would die in prison. He could see his wife Angela,  daughters  who are now 21 and 18 return to his beloved  farm near Aldeburgh in Suffolk and greet his dogs Switch, Tappet, Pinion, Valve, Cam. Faucet was acquired to keep him company in San Francisco. Autonomy was the most valuable tech firm in Britain, employing 2, 000 people across 20 countries, including  AT&T, BNP Paribas and BlackRock.  Lynch pulled off … Continue reading Not Guilty after being railroaded by HP

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Troubling reality of global supply chain

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Peter Goodman, New York Time’s Global award-winning Economics Correspondent, makes an extraordinary journey to understand the worldwide supply chain – exposing both the fascinating pathways of manufacturing and transportation that bring products to your doorstep, and the ruthless business logic that has left local communities at the mercy of complex and fragile network for their basic necessities. How does the wealthiest country on Earth run out of protective gear in the middle of a public health catastrophe? How do its parents find themselves unable to locate crucially needed infant formula? How do its largest companies spend billions of dollars making … Continue reading Troubling reality of global supply chain

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South West Airline’s Boeing 737 Max does a Dutch Roll

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Boeing 737 Max 8 flow by South West Airlines rocked side to side while in air, a potentially dangerous movement known as a Dutch Roll. US regulators are investigating Boeing planes after issues have emerged at a time when the safety record of is under intense scrutiny, that the Federal Aviation Administration (FAA) as part of their new two inquiries. The agency is also involved after Boeing reported learning of potentially falsified documents used to certify titanium in its planes. Boeing referred questions about the Southwest Flight to the airline, which said it was co-operating with the investigation. Boeing said … Continue reading South West Airline’s Boeing 737 Max does a Dutch Roll