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Startup News
Inc42
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Now, Disney-Reliance JV Will Stream All Live Sports Content On Hotstar
- Disney and Reliance have integrated their live sports streaming on Hotstar.
- The merged entity will now stream all live sports events, including the Indian Premier League (IPL) on Disney's platform Hotstar.
- The merger between Reliance Industries Limited and Disney's Indian media assets has been approved by the CCI and NCLT.
- Reliance will have a controlling stake of 56% in the joint venture, while Disney will own 37%.
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Startupreporter
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Aivot Golf and Sports Management Partners with Shapoorji Pallonji to Launch PGA Golf Courses in India
- AIVOT Golf & Sports Management Pvt Ltd has partnered with Shapoorji Pallonji Real Estate, Stonecraft Group and Tvastar Golf to launch India's first set of PGA of America-branded golf courses in Mumbai, Navi Mumbai and Hyderabad.
- It features an 18-hole championship course, expertly crafted by Lobb + Partners to meet international standards, a state-of-the-art clubhouse and an on-site PGA professionals-led golf academy.
- The course incorporates eco-friendly design practices that preserve in a bid to boost growth of golf in the region.
- AIVOT Golf & Sports Management brings unparalleled expertise and innovation to every project.
- Sean Thornberry, director of Global Development at PGA of America, stated that he believed the new-found partnership could be a catalyst for the growth of golf in the region and inspire a new generation of golfers and PGA Professionals.
- Venkatesh Gopalkrishnan, CEO & Managing Director of Shapoorji Pallonji Real Estate, praised AIVOT Golf & Sports Management's vision to create a golfing paradise that combines luxury, sport and community.
- Stonecraft Group is committed to environmental responsibility and has demonstrated this through landmark projects, including creating the world's largest Miyawaki forest.
- The PGA of America is a sports organisation composed of over 30,000 PGA of America golf professionals.
- AIVOT Golf & Sports Management is the exclusive facility & golf development license holder of the PGA of America in India.
- This collaboration aims to create a premier golfing destination that caters to both professional and amateur golfers.
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AllTopStartups
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Innovative Uses of Digital Signage in the Modern Workspace
- Digital signage in the modern workplace enhances communication and productivity.
- It simplifies internal communication, improving overall communication across the organization.
- Employee engagement is increased through interactive displays and participation in surveys or feedback sessions.
- Real-time data displayed on digital signage helps boost productivity and keep teams focused.
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AllTopStartups
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5 Strategies to Improve Manufacturing Workflow
- Improving manufacturing workflows involves optimizing the production process and increasing workflow efficiency to stay competitive and efficient.
- Standardizing and streamlining processes is a crucial step for improving manufacturing performance. Implement lean manufacturing and document work instructions, and select appropriate tools to improve production efficiency.
- Automation plays a critical role in reducing error, minimizing labor costs, and improving overall quality control. Use workflow software, machine learning, and integrate manufacturing workflow software to streamline your operation and increase productivity.
- Efficient communication across departments is key to optimizing your manufacturing workflow. Incorporate real-time data collection tools, inventory management systems and enhance workflow management to improve communication and collaboration.
- Effective production planning and scheduling ensure a smooth and efficient workflow. Adopt just-in-time production, batch production methods and optimize the process flow to reduce lead times for effective production planning.
- Continuous improvement is necessary for long-term success in manufacturing. Incorporate Six Sigma methodologies, value stream mapping, and track and evaluate performance to refine processes to improve output quality.
- An optimized manufacturing workflow leads to increased efficiency, lower costs, and better quality control, ensuring a reliable, productive, and long-term success.
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Economic Times
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Instant food brand Yu raises Rs 55 crore from Ashish Kacholia, Asian Paints Promoter Group
- Instant food brand Yu has raised Rs 55 crore in a funding round led by Ashish Kacholia and Asian Paints Promoter Group.
- The funding will be used to enhance distribution network, strengthen food portfolio, and expand beverage range.
- Founded in 2021, Yu offers instant cup noodles, pastas, ready-to-cook noodles, pastas, and natural beverages.
- The startup has a presence in over 7,500 stores in India and has entered the South Africa market.
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Inc42
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Jio Financial Services’ Q2 Profit Rises 3% YoY To INR 689 Cr
- Jio Financial Services (JFS) reported a consolidated net profit of INR 689.07 Cr in Q2 FY25, a 3.13% increase YoY.
- On a QoQ basis, net profit surged by 120.27% from Q1 FY25.
- Operating revenue rose over 14% to INR 693.50 Cr in Q2 FY25.
- Total expenses more than doubled to INR 146.07 Cr in Q2 FY25.
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SiliconCanals
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Zug-based terralayr secures €77M for its ‘energy flexibility as a service’ platform: Know more
- Zug-based terralayr secures €77M (€62M in equity and €15M in debt) funding for its energy storage platform.
- The company aims to accelerate the expansion of its battery storage systems.
- Terralayr offers flexibility as a service through its proprietary software platform for grid-scale battery storage.
- The company's marketplace for energy storage aims to support renewable energy adoption and the transition to net zero.
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VIE Stories
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Top kitchen Appliances Brands in India [2024 Diwali Kitchen Shopping]
- The fast-paced lifestyle of today has made appliances more popular than ever, and in the kitchen, they align functionality with style.
- Samsung, LG Electronics, Haier, Bajaj Electricals, Philips, Panasonic, Havells, Prestige, Whirlpool are some of the best brands of kitchen appliances available in India.
- Samsung offers refrigerators, washing machines, dishwashers, microwaves, cookers, mixers, grinders, toasters, sandwich makers, juicers, air fryers, food processors, coffee makers, and kettles.
- LG offers a range of high-quality, innovative, and energy-efficient kitchen appliances like refrigerators, washing machines, dishwashers, microwaves, cookers, mixers and grinders, toasters, sandwich makers, juicers, air fryers, food processors, coffee makers, and kettles.
- Haier is a Chinese multinational that manufactures home appliances, providing dishwashers, microwaves, cookers, juicers, and toasters, among others.
- Bajaj Electricals Ltd. designs small kitchen gadgets like mixer grinders, hand blenders, choppers, coffee makers, and electric kettles at affordable prices.
- Philips is a multinational company that manufactures a wide range of electrical products, including refrigerators, washing machines, microwaves, grinders, food processors, air fryers, bread makers, coffee makers, and kettles.
- Panasonic offers a wide range of kitchen equipment, including washing machines, dishwashers, refrigerators, microwaves, grinders, air fryers, food processors, coffee makers, cookers, mixers, bread makers, and juicers.
- Havells provide a range of kitchen appliances for cooking, food preparation, and brewing, including sandwich makers, blenders, mixer grinders, induction cooktops, air fryers, and oven toaster grills.
- Prestige provides cookware, gas stoves, and small kitchen appliances such as pressure cookers, electric kettles, toasters, sandwich makers, juicers, food processors, coffee makers, and microwave ovens.
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AllTopStartups
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Understanding Employee Benefits in Hospitality: What Happens When Long-Term Disability is Denied?
- The hospitality industry offers plenty of opportunities, including numerous employment prospects, but due to the industry's physical demands and long hours, employees need safeguarding with employees' benefits, including long-term disability (LTD) coverage.
- LTD coverage is crucial for financial stability when employees cannot work due to health issues or injuries, as it can help sustain them financially.
- Still, many denied LTD claims lead to financial and emotional stress and leave employees vulnerable, confused, and frustrated.
- Common reasons for denial of LTD claims include insufficient medical evidence demonstrating an inability to work, the inability to meet the definition of disability outlined in the policy, missed deadlines, and a pre-existing medical condition.
- Employees can take the following steps to appeal their LTD denial: understand the exact reasons for their claim denial and gather the necessary evidence, including applicable medical records, colleagues' and family members' statements, and hire an attorney who specializes in LTD claims when necessary.
- If employers don’t provide the resources necessary to ensure employees understand their benefits and the appeals process, denied LTD claims can lead to lowered morale and increased turnover rates.
- Having to deal with a denied LTD claim can cause time and energy loss to the employee and financial and emotional strain; however, it’s not the end of the road if an appeal is filed in time with sufficient evidence.
- Receiving long-term disability benefits can mitigate the financial burden to employees and ensure they can focus on their recovery without added financial worries.
- Clear communication and proper resources from employers can also help prevent unfairly denied claims and provide much-needed support for employees.
- In summary, employees need to understand their rights, know the common reasons for LTD claim denials, and the appeal process, while employers should provide proper resources and support to help employees claim the LTD benefits they deserve.
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Inc42
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Reverse Flipping: Now, Mensa Brands Sets Sight On India Return
- Tiger Global-backed Mensa Brands is shifting its domicile from Singapore to India.
- The company, founded by former Myntra CEO Ananth Narayanan, owns and operates several consumer brands.
- Mensa Brands has raised over $300 Mn in total funding and counts Accel Partners, Prosus, and Tiger Global among its investors.
- In FY23, Mensa Brands reported a net loss of INR 227 Cr and operating revenue of INR 499.6 Cr.
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Yourstory
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The Cobra Effect: Its pitfalls and how to prevent them
- The Cobra Effect refers to the unintended consequences that arise from well-intentioned plans.
- Three common traps leading to the Cobra Effect are loopholes in incentives, ignoring context, and short-term focus on profits.
- To avoid the Cobra Effect, businesses should set holistic goals, test decisions first, incorporate feedback loops, boost cross-department collaboration, and keep stakeholders informed.
- A thoughtful and comprehensive approach to strategy and goal-setting helps minimize risks and foster a healthier business environment.
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Inc42
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India Mulls Curbs On Laptop Import To Fuel Local Manufacturing
- India plans to impose restrictions on laptop, tablet, and PC import to boost local manufacturing.
- The move aims to encourage global giants like Apple, Dell, and Lenovo to invest in domestic manufacturing.
- Companies will need to obtain prior approval for imports, replacing the current free import system.
- Imports of IT hardware products have declined since the implementation of restrictions.
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ISN
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Why did the RBI ban Sachin Bansal's Navi from sanctioning new loans?
- The Reserve Bank of India (RBI) has banned Navi Finserv, led by Sachin Bansal, from loan sanctioning and disbursement processes, along with three other NBFCs.
- RBI took this action after discovering material supervisory concerns regarding the companies' loan pricing practices and non-compliance with regulatory guidelines.
- The banned NBFCs were found to have excessive interest spreads, non-compliance with microfinance loan pricing regulations, and failure to adhere to the Fair Practices Code.
- The restrictions will remain in place until the companies demonstrate compliance with RBI regulations.
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Medium
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Philosophy
- To get the most out of the book, it is recommended to practice the Master Mind principle described in the book.
- Form a study club with friendly and harmonious people, and have regular meetings, preferably once a week.
- Read one chapter of the book at each meeting and freely discuss its contents among the members.
- Each member should make notes and share their own ideas inspired by the discussion, and carefully analyze each chapter prior to the club meeting.
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Silicon
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Image Credit: Silicon
Worldcoin Rebrands To World Network, Ramps Up Iris Scanning
- Worldcoin, a cryptocurrency project co-founded by OpenAI CEO Sam Altman, has rebranded itself as World Network.
- The company remains committed to its controversial iris-scanning project, despite privacy concerns.
- The World ID, backed by retinal scans, is designed to prove a user's human identity for crypto exchange.
- World Network has announced updates to its iris-scanning technology and introduced new features for World ID credentials.
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