BUSINESS
Guess what's keeping Indian space startups busy during lockdown
They tell you that their earlier plans were affected by the Covid-19 lockdowns, but they hope their rockets and satellites would be set for lift-off in a year's time. Two private rocket makers, Skyroot Aerospace and Agnikul Cosmos, recently announced raising $11 million each. After that, the Covid-19 second wave swept the country, resulting in lockdowns and mobility restrictions
Samsung Biologics signs vaccine production deal with Moderna
The two sides signed the contract on Saturday during a South Korea-U.S. vaccine partnership event held in Washington, DC, with President Moon Jae-in attendance, reports Yonhap news agency. Also present were John Rim, CEO of Samsung Biologics, and his Moderna counterpart Stephane Bancel, along with Stanley Erck, CEO of Novavax, another American vaccine production company.
Volatile yet lucrative, Bitcoin becomes Indians' dream investment
While the short volatile period has widely been touted as a course correction (one Bitcoin is currently hovering around $37,000 after touching a record high of nearly $60,000 just a couple of weeks ago), industry experts are of the view that staying invested and thinking long-term is the thumb rule to follow for crypto investors in the country.
Start-up business to deliver necessities at the doorstep
'Pick up and drop facility' has become an essential service for consumers all across the country. The service allows one to deliver or receive anything, be it lunch boxes, documents, laundry, items for repair, shoes, stationery and other materials from one location to another from anywhere in their city.
FMCG stocks significantly outperformed market over 20 years
As per research by Jefferies, over the last two decades, while Nifty has returned 11.4 per cent Cagr, the market-cap-weighted performance for eight FMCG companies (HUL, ITC, Nestle, Britannia, Dabur, Marico, GCPL, Colgate) stood at 14.2 per cent Cagr. In absolute terms, while Nifty is up 10x in 20+ years, FMCG is up c.17x over the same period.
India's Unicorns well-suited to list overseas via SPAC route: Grant Thornton Bharat
In industry parlance, 'SPAC' or 'Special Purpose Acquisition Company' is actually a shell company with no business operations which is created mainly to raise capital, through an IPO, to make acquisitions.
IMF proposes $50bn to fight Covid-19 pandemic
Despite stepped-up global efforts, more than a year into the global crisis, "new cases worldwide are higher than ever", IMF Managing Director Kristalina Georgieva, chief economist Gita Gopinath and economist Ruchir Agarwal, wrote in a joint blog published on Friday. "Urgent action is needed to arrest the rising human toll and economic strain," they said.
Mumbai born Reuben brothers 2nd on UK rich list
The Sunday Times, UK, reported this year's Rich List that identifies a record 171 UK billionaires -- 24 more than in 2020. That is the biggest jump in the 33 years The Sunday Times has been tracking the fortunes of the UK's most affluent people.
India's oil imports MoM remains flat in April
India imported 18.26 million tonne (mt) of crude oil paying about $8.5 billion in April 2021, almost the same level as 18.24 mt tonne crude oil import in March, 2021, according to Petroleum Planning and Analysis Cell (PPAC) data.
Applying Sun Tzu's strategies to the business world
Business is a fight for survival. In business as in war, leaders match their wills in pursuit of opposing outcomes; they devise strategies and marshal resources for victory. Success can turn on the smallest of details; a single tactical blunder can topple an empire. Ultimately, one side triumphs - and victory is all that matters.
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