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Despite more people still choosing email over snail mail, the Canada Post Group of Companies says it’s on track to earn a profit this year despite an earlier forecast for a multimillion-dollar loss.
The Crown corporation said it earned $84 million before tax for the first three quarters of the year, driven by its parcels business and higher stamp prices, along with lower employee benefit expenses.
In its 2014 corporate plan, it had projected that it would lose $274 million before taxes for the year.
“Despite the uncertainty about volume erosion, improvements to the bottom line are expected to continue in the fourth quarter and a net profit for the year ended Dec. 31,” Canada Post said as it reported third-quarter results Nov. 26.
The last year it recorded a net profit was in 2010.
The company said it earned a net profit of $22 million for the third quarter, as it handled more packages but was impacted by fewer mail and flyer distribution deliveries. The profit reversed a net loss of $73 million in the same period a year earlier for the group, which also includes the Purolator courier service and other businesses.
The improved finances come as Canada Post cuts costs and revamps its operations with the end of home mail delivery.
Canada Post said it doesn’t plan on hiking stamp prices in 2015, after increasing them earlier this year as part of a wider strategy to cut costs and improve results.


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THE bold claims made for at least one anti-ageing cream might be true after all. Dermatologists at the University of Michigan at Ann Arbor tested the product Renova, which is commonly prescribed by doctors to protect and repair sun-damaged skin, and found it boosted production of a vital skin component. The critical ingredient in the cream is all-
Ultraviolet rays in sunlight are known to damage skin by blocking the synthesis of collagenthe key structural protein that gives skin its strength and resilience. Collagen breakdown is associated with wrinkle formation. Gary Fisher and his colleagues suspected that all-
Tests on 45 white volunteers revealed the potion's secrets. Fisher found that production of procollagenthe forerunner of collagenhalted a day after exposure to UV began, and took a day to return to ...
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domain: news


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From December 7-11, 2014, Modular Pharmacy Solutions Modular will showcase modular pharmacy systems at the American Society of Health-System Pharmacists® (ASHP) Midyear Meeting & Exhibition. Held at the Anaheim Convention Campus in Orange County, California, the event is expected to draw more than 20,000 attendees and 200 exhibitors.
“This is one of the most important events in the industry,” said John Freels, Modular Pharmacy Solutions Director of Sales & Design. “We are excited about displaying our products to such a large audience of pharmacy professionals.”
Visit Modular Pharmacy Solutions at Booth 920.


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Honda Civic to be re-launched in 2018
In its hay days, the Civic sold well and remained a hot pick in its segment throughout its life span. Later, the eighth generation of the car was discontinued in 2013.
Honda will launch the new Accord in India in September this year, but there will still remain a huge gap between the City and Accord and to fill this gap, the company will launch the Civic in the coming years, likely in 2018. Honda is aiming at owners of the current Generation City to upgrade to the new Civic in the next couple of years.
In its hay days, the Civic sold well and remained a hot pick in its segment throughout its life span. Later, the eighth generation of the car was discontinued in 2013. Due to the falling demand for D-segment sedans, the automaker didn’t find sense in launching the next generation Civic in the country.
Currently, Honda’s line-up in India consists of the Brio, Amaze, City, Mobilio, BR-V and CR-V. The City is the one which is bringing in the highest numbers. However, now that Honda is established in mass-market segments, the company again wants to start offering premium products.
The relaunch of the popular Civic could change the fortunes of Honda. The D-segment is currently ruled by the Toyota Corolla Altis while others like the Hyundai Elantra, Volkswagen Jetta and Skoda Octavia aren’t really fetching high sales.


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In light of its welcoming culture and supportive innovation ecosystem, Michelle Waite believes Tampa Bay can become a “tech capital with a heart and soul” with some additional resources.
She hopes to play an integral part in that process through her recently launched startup, GrowthMVP. Waite explained the company’s focus is to help early-stage tech founders in emerging markets like Tampa Bay find and utilize the most efficient route to increase funding and revenue growth.
Waite moved to the area in 2021 after spending several years as a tech marketing officer in San Francisco. Following the Jan. 16 announcement of her new venture, she wrote, “GrowthMVP was born out of the need to bring Silicon Valley-level growth strategies and execution to the U.S. emerging tech markets, without the over-bloated cost and ego.”
For the last decade, Waite has invested in, co-founded and worked for several tech-forward startups. She is also a regular contributor to the Catalyst through her “Startup City” series.
Before launching GrowthMVP, Waite served as VP of Marketing for Tampa-based Florida Funders, one of the most active venture capital firms and angel investor networks in the Southeastern U.S.
“I was blown away by the amount of technology companies launching in Florida every day,” she said. “This movement started well before I arrived here and was only accelerated by the pandemic when so many people moved to Tampa Bay, South Florida and other parts of the state.”
While Waite expressed her admiration for the energy and intelligence innovation leaders around San Francisco possess, she said success can sometimes breed inflated egos. After returning to Florida’s “Bay Area,” she was immediately impressed by the open and welcoming nature of the local tech industry, something she frequently mentioned in “Startup City.”
She believes the region’s growing tech movement and funding will continue attracting promising founders. However, Waite said Tampa Bay is still catching up to its established counterparts regarding local support resources.
“There has been a lot of discussion around the need for more technical resources to support the ecosystem and allow it to grow,” said Waite. “I believe the need for a higher level of experience also exists in the marketing, sales and product departments for these tech companies – especially SaaS (software-as-a-service) companies.”
Waite believes GrowthMVP can fill those gaps in the commercial aspects of early-stage businesses. She said many tech entrepreneurs are particularly susceptible to under-valuing company growth in the early days due to either a lack of knowledge or fear of making a wrong decision.
She added that entry-level new hires without tech marketing experience who require “a lot of hand-holding” justify that lack of trust.
Waite explained that her immediate goals are to serve as a fractional Chief Marketing and Chief Revenue Officer for tech companies in need while working on building an artificial intelligence-enhanced SaaS platform. She said that would provide tech startups with a low-risk growth playbook and a pathway to a complete team of revenue experts.
In addition, she said GrowthMVP would provide marketing, sales, customer success and product professionals that work collaboratively rather than in silos, which will increase speed and efficiency.
Waite noted two key takeaways from her extensive marketing and sales leadership career that shaped her approach to the tech startup world. The first is how a company culture of respect and accountability significantly impacts its odds of success.
She relayed that many of her philosophies incorporate the late Steven Covey’s principles. Those include the renowned author and businessman’s beliefs that someone should “seek first to understand, then be understood; begin with an end in mind; think win-win; and sharpen the saw.”
Waite also stresses the benefit of coordinating efforts rather than splitting sales, marketing, customer service and product development initiatives according to department or geography. She helped reinvent global business-to-business manufacturer Intralox’s silos and noted its success.
“All teams globally working toward their team’s common goals revolutionized the commercial department,” said Waite. “And enabled the company to go from one with less than $100 million in revenues to one with nearly $1 billion in revenues today.”
The post Local early-stage tech companies have a new resource appeared first on St Pete Catalyst.


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BLOOMFIELD, NJ - The Bloomfield Department of Public Works and Parks is advising residents to no longer put plastic bags in their recycling bins. New regulations by the State of New Jersey have deemed single-use plastic shopping bags “non-recyclable,” and the Township’s recycling contractor is no longer accepting them.
“This new policy that the state of New Jersey has enacted has caused a lot of confusion between recycling vendors and the municipalities they serve. As of right now we cannot accept plastic bags, and we ask residents to not put any recycled goods inside of plastic bags either,” said Director of Public Works and Parks Anthony Nesto. “We are asking residents to help us comply with state guidelines by: 1) not putting plastic bags out for recycling; and 2) not putting commingled recycling goods inside of plastic bags. The Department of Public Works gives out large bins for residents to keep their recycled plastic in, rather than inside plastic bags.”
A cursory survey of curbside recycling carried out by the DPW found that only about 20-25% of residents use plastic bags to hold their commingled recycling. The DPW asks that these residents switch to putting all their commingled recycling into large bins which can be dumped into recycling trucks on their regularly scheduled pickup days.
The DPW asks residents who may still store their commingled recycling in plastic bags to bring these bags to the Recycling Depot 230 Grove St. every Saturday between 9:00 a.m. to 1 p.m, where staff members will empty the bottles and cans into recycling containers and return the bags or dispose of them in the trash. The Township of Bloomfield will continue to disseminate information and updates about recycling policies. Residents with any questions or service requests are encouraged to call the DPW at 973-680-4127.


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Wipro, last December had announced that it will demerge its non-IT businesses such as consumer care and lighting into a new company and focus exclusively on IT
Information technology (IT) firm Wipro on Thursday said the Karnataka High Court has cleared its demerger scheme through which the firm plans to hive off non-IT business.
In a filing to the exchanges, Wipro said the “High Court of Karnataka has approved the scheme of arrangement for demerger of ‘Diversified Business’ of Wipro as provided in the Scheme”.
Last year in December, Wipro had said its shareholders have approved the scheme of arrangement between Wipro (demerged company), Azim Premji Custodial Services Pvt Ltd (resulting company) and Wipro Trademarks Holding (trademark company).
Wipro, India’s third largest software company, had announced that it will demerge its non-IT businesses such as consumer care and lighting into a new company and focus exclusively on IT.
Wipro will continue to remain a publicly listed company focusing exclusively on IT. It is part of the $100 billion Indian IT industry and competes with Tata Consultancy Services and Infosys besides global players such as IBM and Accenture.
A new study analysed six investor surveys over 50 years and found investors to be highly...
Rich people Feel Isolated and Insecure
Arecent survey by an independent research...


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May 28, 1997
Release # 97-131
|CPSC: Jane Francis
(301) 504-0580 Ext. 1187
CPSC, MBR Industries Inc. Announce Recall of
Power Strip Surge Protectors
WASHINGTON, D.C. -
In cooperation with the U.S. Consumer Product Safety Commission (CPSC), MBR Industries
Inc. of Miami, Fla., is recalling about 2,970 power strip surge protectors. The surge
protectors have undersized and loose wires, loose connections, and improper grounding,
which present fire, shock, and electrocution hazards.
CPSC and MBR are not aware of any injuries involving these surge protectors. This recall
is being conducted to prevent the possibility of injury. The surge protector has six black
outlets. There is no labeling on the surge protector or the electrical cord, but it is
made of a beige-colored metal with a red power switch and a black reset button. The
electrical cord is black. The surge protector is packaged in a cardboard box labeled in
part, "SURGE PROTECTOR...Surge Suppressor...NC NEW CHAMPION By Pomtrex...ITEM
NC-12862...MADE IN CHINA FOR MBR INDUSTRIES INC."
Independent discount, hardware, and variety stores in the East, mostly in Florida and New
York, sold the surge protectors from December 1996 through February 1997 for about $4.
Consumers should stop using the recalled surge protectors immediately and return them to
the stores where purchased for a full refund. For more information, consumers should call
MBR at (800) 325-0015.
The U.S. Consumer Product
Safety Commission protects the public from the unreasonable risk of injury or death from
15,000 types of consumer products under the agency's jurisdiction. To report a dangerous
product or a product-related injury and for information on CPSC's fax-on-demand service,
call CPSC's hotline at (800) 638-2772 or CPSC's teletypewriter at (800) 638-8270. To order
a press release through fax-on-demand, call (301) 504-0051 from the handset of your fax
machine and enter the release number. Consumers can report product hazards to firstname.lastname@example.org.


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TCL, maker of affordable Roku TVs, today announced its plans to enter the Canadian market in Q3 2018. The Chinese brand has seen huge growth in the US with its range of 4K TV sets and hopes to be able to continue to grow the brand above the border.
"We are thrilled about the Canadian market opportunity and look forward to bringing our successful TCL Roku T models to Canada in Q3. In the first quarter of 2018, TCL held the #2 position by units sold in the U.S. and we look forward to replicating our successes in Canada," said Chris Larson, Senior Vice President, TCL North America. "TCL is fortunate to have such a talented, well-seasoned leader like Steven (Abrams) join the team. His vast experience and knowledge, both in the Canadian market and consumer electronics space, will help us maintain our rapid growth while launching the brand into new territory and mirror our booming television business in North America for a stronger worldwide presence."
TCL has not yet announced which models it plans to have available at launch in Canada. The current lineup features the flagship 6-Series 4K Roku TV sets in 55-inch and 65-inch sizes, both of which sport Dolby Vision HDR and wide color gamut. TCL models also have Roku OS built in and include an enhanced voice-control remote for searching for content, switching channels, and selecting inputs.
We may earn a commission for purchases using our links. Learn more.


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The new recyclable packaging is planned to be launched in stores in the Netherlands in October 2020
Packaging firm Amcor, in collaboration with Nestlé, has developed what it claims to be the world’s first recyclable flexible retort pouch for consumer products.
The new recyclable packaging, which makes use of Amcor’s AmLite HeatFlex Recyclable solution, is planned to be launched in stores in the Netherlands in October 2020.
The new pouch, which is said to be a modern alternative to metal cans, is ideal for products such as ready-meals, pre-cooked soups, baby foods, and wet pet food.
During the development phase, Amcor and Nestlé jointly conducted product testing for heat resistance, machine performance, shelf-life and recyclability in the real-time.
Amcor flexibles EMEA president Michael Zacka said: “Amcor and Nestlé together have been able to create a unique solution that for years was thought impossible.
“This high-barrier, high-heat resistant, packaging can be easily recycled within plastic recycling streams already existing in several European countries.”
Retort pouch withstands heat-sterilisation and ensures long shelf life
Amcor said that the new retort pouch is capable of withstanding heat-sterilisation, blocks oxygen and bacteria, keeps food safe while eliminating the need for refrigeration and ensures a long shelf life.
Amcor chief commercial officer Peter Konieczny said: “The technology to solve the problem of retort recyclability simply did not exist.
“Amcor’s innovation represents a breakthrough for brand owners looking to reach their sustainability ambitions.
“Brands will be able to stand out and meet consumers’ growing demand for more sustainable products by replacing older formats with the latest in cutting-edge packaging technology.”
The packaging fits collection systems in Germany, Austria, Italy, Norway and the Netherlands, with the list of countries expected to increase in future.
The development is part of the Amcor’s aim to have all of its packaging products to be recyclable or reusable by 2025.


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What does a new trademark filing tell us about TikTok’s music strategy?
In May — but spotted by Business Insider on Thursday — ByteDance, TikTok’s parent company, filed a trademark application for a smartphone app named “TikTok Music.” The filing covers a range of possible uses for TikTok Music, including allowing listeners “to purchase, play, share, download music, songs, albums, lyrics, [and] quotes,” to “create, recommend, [and] share his/her playlists,” to “take, edit and upload photographs as the cover of playlists,” and to “comment on music, songs, and albums.”
In addition, the filing indicates that TikTok Music could incorporate “live stream[ing] audio and video interactive media programming in the field of entertainment, fashion, sports, and current events” as well as karaoke.
The suggestion, of course, is that ByteDance is planning a TikTok spinoff that could more directly rival Spotify beyond just competing for consumers’ attention, but for their streaming subscriptions as well. And while trademark applications are not guarantees a product will launch, they are still good indicators of what a company is planning — since the filings are legal, verified statements that there is at least an intent to use a trademark for the products and services listed in the application.
The social features are of particular interest in the “TikTok Music” filing, which include more commonplace features like creating and sharing playlists and others like commenting on music that are not widely available on Spotify, Apple Music or other leading services. Seeing as TikTok’s popularity has grown as a result of Generation Z’s preference for more active, social experiences with content, according to MIDiA research — or perhaps the app has helped shaped that preference itself — it’s hard to imagine a new TikTok Music app not leaning into that same kind of engagement. This could mean serious competition tomorrow for today’s leading streamers, which have built their success on a more top-down approach to listening with editorially curated playlists. (On Spotify, for example, 16–24-year-olds make up only 25% of its weekly active users, according to MIDiA.)
ByteDance, of course, already has a streaming app — Resso — which has been much-hyped, since launching in India, Indonesia, and Brazil. In 2019, Barry McCarthy, who was then Spotify’s CFO, praised Resso for its “really clever social features” and Techcrunch reports that the app has been downloaded more than 180 million times to date.
Naturally, this still lags behind TikTok — which is available pretty much everywhere in the world and earned nearly as many downloads in the first few months of 2022 after reportedly crossing the 1 billion monthly-active-user threshold last year. Those users have shown a voracious appetite for music and helped hundreds of songs gain commercial momentum. But when tracks — or snippets of tracks — pick up steam on TikTok, appearing in hundreds of thousands of videos, users often leave the app to stream the music on their preferred streaming service.
If ByteDance continues to expand its streaming offerings, it’s easy to imagine how users could toggle between different Bytedance-owned apps — enjoying short-form videos on one and full songs on the other — rather than jumping over to competitors like Spotify or Apple Music. That could make things easier for consumers, and a lot harder for those other streamers.


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We’re back – faster, smarter and still just as friendly, after a few days of website backend updates. Thanks for your patience and we hope you enjoy getting your news faster after these improvements. Today, we take a look at Indian e-commerce and how some of the early success stories are surviving and how some of the newcomers are challenging. It’s a huge market but not yet profitable one. So, here’s what’s happening.
Boston Consulting Group (BCG) released a report estimating India’s online retail market at $50 billion in 2015. Some say growth to date has been driven by deep discounting and is not sustainable. India’s e-commerce business is expected to grow 6-times to US $101.9 billion by 2020, according to another report by CII-Deloitte. New Indian government regulations forced Flipkart, Amazon and Snapdeal to temporarily suspend sales discounts while they figure out how to respond to new regulations. Smaller online sellers have sent a petition to the Prime Minister asking for protection of their rights against bigger competitors.
All India Online Vendors Association (AIOVA) also demanded to be consulted by the government on future changes in regulations. Amazon India‘s market share grew from 14% to 24% putting it into second place behind Flipkart (down to 37% from 43%) and dropping Snapdeal to third place (down from 19% to 15%). T Rowe Price marked down its shares of Flipkart by 15%, following Morgan Stanley‘s earlier move. Walmart India reorganized its management team and placed India in its emerging markets group.
While Jabong’s parent company Global Fashion Group raised secured $339 million in new funding, its valuation dropped by 68%. After just six months of operation, Flipkart is aiming to be India’s largest furniture company by the end of the year. Goldman Sachs’ Principal Strategic Investments (PSI) group is looking to invest in early-stage Indian startups, mainly those focused on big-data analytics and machine learning.
The $50 billion Indian e-commerce prize
A much-debated question doing the rounds these days is this—when will the e-commerce bubble burst? For many entrepreneurs who have shut shop or sold out, it may have happened already. But for those going strong, there is still scope for scaling greater heights.
In February, the Boston Consulting Group (BCG) released a report titled Decoding Digital @ Retail, published in collaboration with the Retailers Association of India. The report estimated the size of the online retail opportunity (goods only) to be $50 billion. What followed was a lively debate among the likes of Sachin Bansal of Flipkart, Kishore Biyani of Future Group and the inimitable investor, Rakesh Jhunjhunwala.
While everyone agreed with the underlying trends and opportunities, half the panel thought that the estimate was seriously under-reported and the other half refused to believe a number so high. That tells us that the estimate will probably be spot on! The discomfort of the naysayers flows from the belief that a lot of the growth achieved so far has been driven by heavy discounting, mostly funded by investors looking to build scale. So, the critical question is whether this is true and what will happen if and when the plug is pulled. We tried to get to the heart of this matter, supported by data. Via livemint.com
E-Commerce: A game changer for India
India’s e-commerce business is expected to grow 6X to US $ 101.9 billion by 2020, according to a CII-Deloitte report. Powered by new age technology, convenience, higher adoption rates and large reach, B2C e-tail is expected to race ahead from its US $ 40 billion market size in 2015, excluding online travel and classifieds.
The report, E-Commerce in India – A Game Changer for the Economy — which highlights the journey of transformation in the way business is done in India powered by e-commerce — also showcases how digitalization offers the power to create innovative, sustainable, consistent and seamless shopping experience across all channels.
The report suggests that B2B e-commerce landscape is powering ahead with the availability of affordable smartphones, 220 million users as of November 2015 (beating US and second only to China), and mobile internet spends rising from 54% to 64% between 2014 and 2015, as 3G and 4G networks roll out with affordable broadband.
Consequently, this sector is attracting VC/ PE investments with over US $ 20 billion deployed in 2015. And while B2B e-commerce struggles with low profitability as consistent with global trends, the GMV (Gross Merchandise Value) of B2C e-commerce in India crossed US $ 16 billion in 2015. Via enterpriseinnovation.net
E-commerce firms put sales on hold
India’s largest online marketplaces Flipkart, Amazon India and Snapdeal have temporarily suspended their sales so as to comply with new e-commerce regulations that ban marketplaces from influencing product prices, five people familiar with the matter said.
While the three companies continue to fund discounts purportedly given by third-party sellers on their sites, they have cancelled planned sale events and accompanying advertisements to avoid potential punishment from regulators, said the five people, all of whom spoke on condition of anonymity.
Flipkart has cancelled its plan of doing an app-only sale during the first week of May, the people said. Snapdeal and Amazon, too, have suspended their plan of holding a one-day sale event, where products across categories were supposed to be offered at massive discounts, they said.
The three companies are in the process of devising new ways to fund discounts and advertise sales, the people said. The three companies want to be ready with the new discounting mechanisms and ad messages in time for the festive season which kicks off in August and goes on through Diwali, which falls in October. Via livemint.com
Why talk to only Flipkart, Amazon, Snapdeal? We need help too, online vendors to PMO
Sellers on online marketplaces have written to the Prime Minister’s Office (PMO) demanding regulations to safeguard their rights and help resolve their issues with ecommerce giants that claim all the credit for the online shopping boom in recent years, largely on the back of deep discounting.
“We are not being called for discussion by your (government) agencies. But you are calling Bansals and Bahls of the world,” said the petition by All India Online Vendors Association (AIOVA), referring to Sachin Bansal and Binny Bansal of Flipkart and Kunal Bahl of Snapdeal.
The PMO has forwarded the petition to the ecommerce section of the department of electronics and information technology (DeitY) under the communications and IT ministry. The petition and the action taken by the PMO have been put on the grievance redressal portal of the department of administrative reforms and public grievances. Via timesofindia.indiatimes.com
Amazon pips Snapdeal to become India’s 2nd largest online marketplace after Flipkart
Amazon was India’s second-largest online marketplace by shipments last month, industry estimates show, as it dislodged Snapdeal to become the only major player to increase share from a year ago.
Market leader Flipkart’s share of shipments fell to 37% in March from 43% in the same month in 2015, and Snapdeal’s fell to 14-15% from 19%, show estimates by an investor tracking the logistics market and the chief executive officer of a logistics company that handles shipments for online retailers. Amazon India’s unit market share surged to an estimated 21-24% from 14%. Although the data are snapshots of shipments a year apart, they definitely point to a drop in the volume market share for the India-based companies. Other industry experts and analysts corroborated the numbers. Via economictimes.indiatimes.com
T Rowe Price marks down its Flipkart stake by 15%
A mutual fund managed by T Rowe Price has marked down its shares of India’s most valued internet company Flipkart by 15%, the second investment firm after Morgan Stanley to resort to such a move. T Rowe Price had first invested in the Bengaluru-based in December 2014, when the e-tailer announced a $700 million round of funding which also participation from sovereign wealth fund Qatar Investment Authority and Hong Kong-based hedge fund Steadview Capital.
T Rowe Price’s markdown of its Flipkart shares is part of a global trend, as the mutual fund has slashed value of world’s most valued startups like ride hailing start up Uber Technologies and home rental website AirBnB. T Rowe marked the value of its Flipkart shares at $120.69 per unit, according to its filings made for March quarter, as compared to the value of $142.26 assigned to them at the end of December 2015.
The markdown would peg Flipkart’s valuation close to $13 billion, as compared to the $15.2 billion when it last raised capital in July 2015. The markdown by T Rowe Price is not as drastic as Morgan Stanley, which said in a regulatory filing in February that it had valued its Flipkart’s shares at $103.97 a piece down from $142.24 a piece, pegging Flipkart’s valuation at $11 billion. Via articles.economictimes.indiatimes.com
Walmart revamps; India CEO will now report to emerging markets head
US retail giant Walmart Stores Inc today realigned its business structure by removing India unit from Asia region and moving it to emerging markets portfolio.
The firm also appointed Enrique Ostal as Executive Vice President and Chief Executive Officer Walmart Latin America, India and Africa, effective from February 1. “This is in addition to his role as President and Chief Executive Officer Walmart Mexico, Central America and LATAM (Latin America),” the company said in a statement.
Walmart International President and CEO David Cheesewright said:” Enrique’s experience is perfectly suited for aligning our emerging markets with our core business strengths while serving our customers uniquely and in the most efficient ways.” Via vccircle.com
Jabong parent raises $339M; valuation plunges
Global Fashion Group, the parent of loss-making Indian fashion portal Jabong, has raised fresh funding from its existing investors but at a sharply lower valuation.
The company secured €300 million ($339 million or Rs 2,250 crore) from Germany’s Rocket Internet SE and Swedish investment firm Kinnevik. The transaction values the company €1 billion, Rocket Internet said in a statement. This is a drop of almost 68% from its previous funding round in July when it was valued at €3.1 billion.
Kinnevik will invest up to €200 million while Rocket Internet will underwrite the remaining. Rocket Internet said it expects to invest up to €85 million including the conversion of an existing investment at the terms of the financing. Separately, Kinnevik said GFG will get pre-funding of €50 million as shareholder loan during the first quarter. Via vccircle.com
Flipkart eyes becoming India’s largest furniture retailer by year-end
Flipkart has set its sights on becoming India’s largest furniture retailer by the end of this year with an ambitious target to register a 15-fold growth in the high-value category, which also promises to deliver healthy profits. The nine-year-old company has so far relied primarily on categories such as electronics, mobiles and apparel to fuel its rapid growth.
This year, the need to temper growth with profits has led the Bengaluru-based company to seek out newer product categories like home furnishing and automobiles that deliver both large transaction size and margins. Launched just six months ago, furniture is now one of the top categories for Flipkart as it squares up to stiff competition from specialised portals such as Urban Ladder and Pepperfry. Also in the fray is Kishore Biyani’s Hometown, which recently acquired Rocket Internet-owned Fabfurnish to build an ‘omnichannel strategy’,which involves selling both online and offline. Via economictimes.indiatimes.com
Goldman Sachs’ game plan for venture investments in India
Investment banking giant Goldman Sachs’ Principal Strategic Investments (PSI) group is looking to invest in early-stage Indian startups, mainly those focused on big-data analytics and machine learning, as it seeks to ramp up its venture funding activity in the country.
The group, which invests from Goldman Sachs’ balance sheet, is in initial talks with a few companies in India as well as Asia-Pacific for investments, PSI managing director Alokik Advani said at a conference. He declined to name the startups the group is in discussions with. “We don’t have a magic target. We are very opportunistic in how we think about this. When we go out and meet a whole series of startups, the numbers could be anything. It depends on what we’re able to find,” said Advani.
Advani laid down a three-fold approach that the group intends to take towards its investments in the country. The group will invest in companies where it can take a minority stake and where the technologies can be used at Goldman Sachs. It also intends to participate in local mentorship programmes to promote startups. Finally, the PSI will look to commercialize its technology by offering it to third parties. Via vccircle.com
Indian e-commerce bustles, profits not so much
Profitability is the next big hurdle for e-commerce companies in India. Discounting has helped build the market quickly but the profitability hurdle is proving more challenging. We expect to see some interesting mergers, acquisitions and partnerships throughout 2016 and will be right there to bring you coverage. If you’d like to get regular weekday morning news highlights in your inbox, just sign up above. Coming up this week, we’ll also look at US e-commerce, new developments in logistics and mobile commerce.


text: the Restaurateur Chefstro app brings talented chefs to individuals' homes August 08, 2013 People frequent their favorite restaurants to savor their preferred dishes, which are created by talented chefs. People frequent their favorite restaurants to savor their preferred dishes, which are created by talented chefs. Now, one Boston-based startup is hoping to bring the restaurant experience into individuals' homes with a new website. The Boston Business Journal reported that Chefstro is a site on which users can book skilled chefs in the Boston region to come to their homes and whip up delectable dishes for dinner parties and other events. Customers can pick what kind of menu they want served, how many people will be dining and other relevant elements, and then the site hand picks the chef who will provide food. The source explained that Chefstro is the creation of Dipish Rai and Rohan Pradan, who met as students at the Harvard Business School. Pradan told the news provider that more than 150 chefs in the Boston hospitality industry are interested in participating in Chefstro. He stated that as more users sign up for the service, the company will then add more chefs to the site. Pradan and Rai have plans to expand into the New York City market in the coming months. Whether it is for owner-operated businesses or established franchises, Boston accounting firms can provide valuable financial services to the industry. KLR's Hospitality Services Group can help companies manage a variety of vital tasks and responsibilities. By working with this team of dedicated experts, hotels and restaurants can take advantage of essential elements such as hospitality accounting, menu pricing and assistance with the state tax process.


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For many Nigerian diners, the Chinese cuisines have become food that they have grown to love. This has led to many Chinese restaurants springing up and the Nigerian public has taken to their meals.
Intercontinental Hotel says it is introducing a new and vastly experienced Chinese chef that specializes in modern Chinese delicacies and fusions of Chinese food with local food spices and flavours. The hotel unveiled its new Chinese chef, Mr. Chua Kong. He will be preparation modern Chinese cuisines at the hotel’s Soho Restaurant.
Speaking on the new chef, the director of food and beverages, Mr. Ahmed Raza, said it was part of the efforts to offer the Nigerian diners the best: “We have a new chef on Chinese cuisines. He has come with vast experience from different parts of Asia. He was worked in India and Malaysia. His main area of expertise is modern Chinese cuisines. The idea is that Chinese cuisines are very popular in this part of the world, especially Nigeria.
“A lot of families come to us and what we want to give to them is Chinese food with a Nigerian twist. We will be focusing on the spices and we want to make authentic Chinese flavour with the Nigerian flavour. That is our target market. We want to reach out to the local Nigerian diner who loves Chinese food and we will make sure we give them the best Chinese food.”
On his target market, he said: “Obviously, our main target is the local Nigerian market. That is our ideal focus. So, if that is our target market, why not create flavours that they will appreciate? That is the exact idea behind this.
“That is the reason we have hired a new Chinese chef, Shua’s great experience in blending flavours. He has done that in India, China and Malaysia, and I am sure he will approach this task with the same zeal and enthusiasm. We revisit our tastes and we pander to the taste of local Nigerians. I am sure Shua has the ability to really conquer the hearts of Nigerians.”
Chef Kong said he was excited and that the experience in Nigeria was “very good experience because of the culture of the people in Nigeria, the flavour. In other countries, the taste is different. Here your food is more spicy. So, now we come with menus that have more variety in terms of spice.
“We have dishes for both vegetarians and non-vegetarians. Our cuisine is a modern Chinese cuisine with authentic sauce, but we do the fusion to come up with something exciting and different. We have about 27 sauces and all the dishes are different and unique. We serve the dishes with the sauces.”


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Foxborough, MA -The Cranston, R. I.-based Saletin Real Estate Group (SREG) is redeveloping a 10-acre site at 369 Central Street in Foxborough that will be transformed into a new mixed-use development called Forbes Crossing.
Development will include the addition of three pad sites, over 46,000sf of retail space, and a 139-room Hampton Inn and Suites by Hilton Hotel.
DiPrete Engineering is leading the design team through the permitting process. It includes GZA GeoEnvironmental, Sage Environmental, Pare Corporation, Studio 401 Architecture, and Natural Resource Services.
SREG also has begun enhancing the visibility of the plaza from Route 140. Completed work includes tree clearing and visibility improvement, which will increase interest for both tenants and future customers. The Foxborough Conservation Commission and the Massachusetts Department of Transportation worked alongside Saletin to provide these improvements.
For help with the design, Saletin Real Estate Group has teamed up with DiPrete Engineering to complete land surveying and site engineering. “Saletin Real Estate has proven to be an excellent leader on this project,” said Eric Prive, project manager at DiPrete.
There has already been significant pre-leasing at Forbes Crossing and renovations of the existing retail building have commenced.
The redevelopment site, a prime location on the Foxborough/Mansfield line, is within a few miles of world-class businesses and entertainment venues. Only 11 minutes from Gillette Stadium and 10 minutes from the Xfinity Center, Forbes Crossing will be located across from Cabot Business Park, one of the largest business parks in New England
Visibility is important for this plaza,” said Jeffrey Saletin, president of Saletin Real Estate Group. “Its location has the potential to attract activity in the area, and businesses will appreciate the increased visibility from a busy highway.”
“We are excited to be working on this project,” added Prive. “The addition of new retail and restaurant businesses in this area will continue to add to a thriving community.”
“Community members and local officials are looking forward to the increased economic activity that this plaza can add to the community,” said Saletin.


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According to Puig, Liderman It has identified a growth opportunity in this area due to, among other reasons, the great interconnectedness of banking activities. He pointed out that the challenge is to propose different models Security Matches them with budgets for each business unit. “We will create a small local hub Internet security“He mentions.
Therefore, a part of the 300,000 USD allocated by the company in investment this year will be used to implement the SOC (Security Operations Center) service. Resources will also be used to improve the company's internal efficiency to maintain its competitive ratios despite inflation.
read more: Only 2% of homes have security alarms: Prosegur plans to increase their use
What new market will Liederman enter?
With nearly 23,000 collaborators in Peru, Chile and Ecuador, Liderman It will strengthen its presence in the region and expand to Florida in the US in the first half of the year. plans to provide the services of Security Physical and technical, and implementation of parking facility is not ruled out.
The company aims to strengthen its presence in Quito and Santiago de Chile and manage two new parking lots in Lima. “It depends on the rent. The places we rate pit Y Tax. “We don't buy premises: we only rent”Admin says.
Liderman Its local billings closed in 2023 with 4% growth, explained by its tracking business line – which accounts for nearly 95% of revenue, complemented by its technology services. Meanwhile, its parking facility lineup grew 200% compared to 2022 as a result of more deals with customers in the healthcare and retail sectors.
Even so, the local result is conservative compared to what was expected at the beginning of last year (a double-digit increase). While concern over social and economic insecurity is the theme of 2023, it does not translate into increased demand for health services. SecurityComments Puig. “Unlike Ecuador, where the body surveillance line grew.”.
read more: Using AI in security agencies to reduce crime rates
However, the manager notes that double-digit growth has been recorded in geolocation services for the protection of valuables and vehicles. For its part, there is no variation in the alarm installation service.
However, in 2024, it projects a better year in terms of revenue, supported by the growth of its new facility management line (maintenance and cleaning), which will be implemented in the last quarter of the year. Internet security.
- The company expects the business to reach double-digit growth in 2023 at the regional level (Peru, Chile and Ecuador).
- By 2024, Liderman It will also operate event maintenance services business. It is the first company licensed in this area in Peru.
- Due to economic instability, the rate of labor turnover Liderman It is 40%.
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As confirmed in the last post, Sony will have a product announcement tomorrow. Now we got more info about this new product, along with new lenses, Sony will announced a new APS-C mirrorless camera called Sony Alpha a6400, to replace both Sony a5100 and Sony a6000. Sony a6400 will be a new mid-level APS-C mirrorless camera to have 4K video at 30p, and mostly for vloggers. Rumors also said a6400 will have some exciting new features. Stay tuned.
We are told that Sony will soon announce a new entry-level APS-C mirrorless camera in early 2019 to replace current Sony a5100. The name of this camera is not yet confirmed, could be called a5300 or a5500. Below are rumored specs of Sony a5200/a5300/a5500: Read More »
A new Sony full frame CMOS sensor has leaked online, this new sensor is IMX455AQR, featured with 60MP, 8K Video, native ISO at 64. This sensor is the down verison of IMX551. According to our source, this IMX455AQR sensor could be on market in early 2019, and Nikon D6/Z8 could use this sensor.
Just received a email from our reader about the specs list of upcoming Sony a6700 & a7000. Other websites also reported similar specs several hours ago. Since currently there is no new Sony camera code registered online, so we are unlikely to see a6700 & a7000 announced in this year, previous rumors was said to be announced before Christmas. Stay tuned. Read More »
Zeiss will soon announced the Batis 40mm f/2 CF FE lens in next several days, just ahead of Photokina 2018. According to NC, the weight for this lens is 361g. The lens composition is 8 groups 9 pieces, the shortest shooting distance is 24 cm, the filter diameter is 67 mm, optical vibration reduction is not installed.


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Google+ isn’t a social network, it’s actually a social layer. And it may soon become several different layers as the company is thinking about dividing it up into a number of more or less standalone platforms, according to a report in Forbes, citing Sundar Pichai, Google’s senior vice-president of products.
Pichai didn’t come out and say “we’re dismembering Google+,” but then Google execs’ gnomic statements about Google+ have always required a fair amount of parsing. Rather, what Pichai did say was “I think increasingly you’ll see us focus on communications, photos and the Google+ Stream as three important areas, rather than being thought of as one area.”
Using my powers of oracular interpretation, this means Photos and Hangouts, the multi-person video chat element, might operate independently from Stream, which most people think of as the main Google+ page, and which is also the least successful part of the whole layer. But remember that they’re all important, so none of them is going to go away; except maybe Stream will go away later (in my humble op-ed-inion).
In other areas of the business, Pichai also tells Forbes Google will start showing app ads alongside search results on the Google Play store, creating yet another source of revenue.
Returning to Google+, the tea leaves have shown signs trouble for some time. In April of last year, Google social chief Vic Gundotra left the company, and in September Google stopped requiring new users to create Google+ accounts, suggesting the search giant’s commitment to its social layer was wavering.In December, a post by former Google developer Chris Messina offered a fairly scathing criticism of Google+, which he believes was originally intended to serve as a universal “backbone” for the Web, not just offering an alternative to Facebook’s “social graph” but also creating a “locus of control and access” for all your personal data. But Messina says they whiffed, concluding, “by launching a conventional social network, Google missed the pivotal opportunity to establish a data-positive paradigm for sharing, individual control, and personalization that set itself apart from Facebook. Ultimately it offered too little, too late.”


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Hard Fizz is dropping a nod to the lychee flavoured cocktails of the nineties with their new Lychee and Apple flavour, the brand’s fifth flavour is now available nationwide.
Hard FIZZ CEO Wade Tiller says Lychee and Apple has been in the works for a while.
“Our other flavours have a very tropical taste to them but we always wanted to play around with some pome fruit and this is the result,” he says, proudly
“It complements our range and gives the consumer an option.
“I’m just old enough to remember the original lychee fad so it’s a bit of a throwback for me, personally.”
The Lychee and Apple have been available at the brand’s Gold Coast brewery since November and has already sold around 600 litres and has become easily the highest seller.
“You can’t argue with that,” Tiller laughs.
“That’s the beauty of our brewery – we can in fact test our new flavours to see if they’re worth putting into production and Lychee and Apple is a great example of that.”
The new flavour is now ranged in Liquor Legends, Bottlemart and Cellarbrations outlets around the country.
“There’s absolutely nothing on the market like it,” Hard FIZZ head brewer, Paul Wootton, says.
“I love experimenting with the flavours.
“It’s a bit of trial and error but we’ve definitely hit the mark with Lychee and Apple.”


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Late a year ago, patent drawings revealed more details of what could be Samsung's first foldable phone.
Note that this doesn't automatically mean Samsung's foldable smartphone will be released this year.
Speaking to CNBC, Koh asserts future Samsung phones will debut new capabilities on mid-range handsets, rather than reserving features for flagship devices. Koh hinted that more details may come to light during the annual Samsung Developer Conference in November - which is unusual, considering the conference traditionally doesn't yield any hardware reveals. Users of the device must immediately understand why Samsung decided to make it, Koh said.
Unlike the traditional flip phones that require a hinge, Samsung is reportedly making a screen that bends. This is in line with Samsung's newly-minted strategy to combat the smartphone market stagnation by introducing some high-end features to its cheaper midrange lines. It seems that the chaebol wants to take things further, as a new rumor has claimed that Samsung may launch a smartphone with as many as four cameras this year. Will mid-range devices become more expensive? That's why Samsung is now trying to differentiate the mid-section because the idea is to deliver meaningful innovation to these customers.
Lewandowski: I warned Trump about Cohen
The Manafort charges stem nearly completely from his personal businesses but they came to light after he went to work for Trump . The Trump administration had a long week, but you wouldn't know that if you looked at President Donald Trump's approval ratings.
Xi Jinping offers $60 bn Africa aid
China defends continued lending to Africa on the grounds that the continent still needs debt-funded infrastructure development. The money would be focused on infrastructure to help speed African countries' development, not on "vanity projects", Xi said.
'Ridiculous': Tennis player sanctioned for removing her top on court
After returning to the court and realising it was on backwards, Cornet pulled it off and promptly put it on the right way. Meanwhile, several male players were forced to retire early from their matches this week due to the scorching heat.
Two of these screens combine seamlessly into a single seven-inch display when unfolded.
While Koh didn't go into specifics about the device, he did boast that it would wow consumers and that anyone who uses the device will immediately understand why Samsung made it.
I'm still not sure I'm sold on the need for this, and I really hope they aren't going to unfold a phone into a DeX experience. It's safe to assume that Samsung will be charging a hefty premium for the Galaxy X, especially if it's the first folding phone to hit the market. When unfolded, the device will offer a different experience than a tablet.
- Statement from Senator John McCain
- California Assembly passes net neutrality bill
- Pakistan disputes United States account of Pompeo-Khan phone call
- Film star Gerard Depardieu denies claims he assaulted & raped 22yo actress
- McCain honored as his body lies in state at the US Capitol
- Packers, Aaron Rodgers Agree To Massive Contract Extension
- OJ Simpson squirms as Sacha Baron Cohen calls him a 'lady-killer'
- Hardline Border Security Advocate Scott Morrison Australia's New PM
- Pellegrini wants West Ham to take advantage of Arsenal's rocky start
- Renault: Ricciardo didn't buy Honda praise


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The Dow Jones Industrial Average closed above 34,000 for the first time since May, led by a jump in the retail space. Notably, the blue-chip index has significant exposure to the cyclical sectors like retail and consumer discretionary.
Investors seeking to participate in the Dow Jones’ rally can consider SPDR Dow Jones Industrial Average ETF DIA, iShares Dow Jones U.S. ETF IYY, Invesco Dow Jones Industrial Average Dividend ETF DJD, ProShares Ultra Dow30 ETF DDM, and ProShares UltraPro Dow30 UDOW.
The stronger-than-expected results from retailers like Walmart WMT and Home Depot HD spread an air of optimism as the solid results suggest strong consumer spending despite the recessionary fears and higher inflation. Walmart jumped 5.1% after the retailer forecast a smaller drop in full-year profit than previously projected, while Home Depot gained 4.1% after it beat estimates for quarterly sales (read: What's in Store for Retail ETFs As Big-Box Q2 Earnings Unfold).
The slowdown in inflation last month brought much-needed relief to the stock market and perked up investor sentiment. This, coupled with recession fears, has spurred bets that the Fed could start lowering the pace of rate hikes. Additionally, consumer sentiment improved in August from a record low earlier this summer. The University of Michigan’s preliminary sentiment index rose to a three-month high of 55.1 from 51.5 in July. Further, commodity prices have also fallen on recessionary fears, thereby providing a boost to investors’ sentiment.
SPDR Dow Jones Industrial Average ETF (DIA)
SPDR Dow Jones Industrial Average ETF is one of the largest and most popular ETFs in the large-cap space, with AUM of $29 billion and an average daily volume of 3.1 million shares. Holding 30 blue-chip stocks, the fund is widely spread across components, with each holding less than 11% share. Information technology (21.2%), healthcare (20.4%), financials (15.9%), industrials (14%), consumer discretionary (13.5%) and are the top five sectors.
SPDR Dow Jones Industrial Average ETF charges 16 bps as annual fees and has a Zacks ETF Rank #1 (Strong Buy) with a Medium risk.
iShares Dow Jones U.S. ETF (IYY)
iShares Dow Jones U.S. ETF tracks the Dow Jones U.S. Index, holding 1150 stocks in its basket, with none accounting for more than 6.5% of assets. Information technology takes the largest share at 27.7%, while healthcare, consumer discretionary, and financials round off the next spots with double-digit exposure each.
iShares Dow Jones U.S. ETF has amassed $1.6 million in its asset base while trading in an average daily volume of 51,000 shares. It charges 20 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
Invesco Dow Jones Industrial Average Dividend ETF (DJD)
Invesco Dow Jones Industrial Average Dividend ETF offers exposure to dividend-paying companies included in the Dow Jones Industrial Average by their 12-month dividend yield over the prior 12 months. It holds 28 stocks in its basket, with concentration on the top firm at 8.3%, while other firms account for no more than 6.2% of assets (read: IBM Tops Q2 Earnings, Warns of Forex Hit: ETFs in Focus).
Invesco Dow Jones Industrial Average Dividend ETF has been able to manage assets worth $242.5 million, while trading in a volume of 57,000 shares a day on average. It charges 7 bps in annual fees and has a Zacks ETF Rank #3.
Investors willing to take extra risk could go for leveraged ETFs. These funds create a leveraged (2X or 3X) long position in the underlying index through the use of swaps, options, future contracts and other financial instruments. While these funds provide outsized returns in a short span, they could lead to huge losses compared to traditional funds in fluctuating or seesaw markets.
ProShares Ultra Dow30 ETF (DDM)
ProShares Ultra Dow30 ETF provides twice (2X) the return of the Dow Jones Industrial Average. It has AUM of $400.1 million and trades in a good volume of around 421,000 shares on average. The product charges 95 bps in annual fees (see: all the Leveraged Equity ETFs here).
ProShares UltraPro Dow30 (UDOW)
ProShares UltraPro Dow30 also tracks the Dow Jones Industrial Average but offers three times (3X) exposure to the index. It has amassed $685.3 million in its asset base and trades in a solid average daily volume of 3.3 million shares. The expense ratio comes in at 0.95%.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Walmart Inc. (WMT) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : Free Stock Analysis Report
SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports
Proshares Ultra Dow30 (DDM): ETF Research Reports
Invesco Dow Jones Industrial Average Dividend ETF (DJD): ETF Research Reports
iShares Dow Jones U.S. ETF (IYY): ETF Research Reports
ProShares UltraPro Dow30 (UDOW): ETF Research Reports
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Zacks Investment Research
Publicly traded companies in the region collectively lost more than $186 billion in market value during a difficult year for the stock market in 2022. A Business Journal analysis of market cap changes for 101 Greater Philadelphia public companies from Jan.
Shares of steelmaker Cleveland-Cliffs were raised to an "overweight" (buy) recommendation by an influential sell-side firm Thursday. Trading volume does not (yet) fit the classic picture which would show us increasing volume from the "head." The candles show a bottom reversal pattern in late October but candles do not give us price targets.
Ronald Reid was the last person you would expect to be a millionaire. He used safety pins to hold his old coats together and cut his own firewood well into his 90s. He drove a second-hand Toyota Yaris and resisted new purchases. To stay updated with top startup investments, sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter His only real indulgence may have been his daily English muffin and a cup of coffee at the Brattleboro Memorial Hospital in Vermont, where a friend rem
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Prior to that, I had managed my investments passively. Is a variable annuity a good option for me?
TG Therapeutics (TGTX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
In this video, I will be talking about Palantir (NYSE: PLTR), more specifically the recent announcements it made during the Consumer Electronics Show (CES), some new partnerships, and why 2023 looks to be an exciting year for shareholders.
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
Suddenly, leaving behind $28 billion doesn't hit quite as hard.
Roku's plan may seem perplexing when viewed in isolation, but it makes perfect sense in the broader context of its strategy.
Coinbase Chief Executive Brian Armstrong does not mince words. Nearly two months after rival Sam Bankman-Fried's empire went bankrupt, he's just delivered a massive blow to what until recently was the institutional face of crypto. Bankman-Fried's empire consisted of the FTX cryptocurrency exchange.
Yahoo Finance Live anchors discuss this rise in stock for Taiwan Semiconductor following fourth-quarter earnings.
Investors have looked for signs of economic stress on companies in tech and consumer-facing industries.
The pandemic set off an intense race among pharmaceutical companies to produce effective vaccines against COVID-19. Novavax's critical weakness continues to be its manufacturing operations, which since mid-2021 have struggled to scale up to meet the company's ambitions — never mind the purchase orders for which it already received payment from customers. Other major international purchasers inked deals for similarly large quantities in 2020 and 2021, driving Novavax's trailing-12-month revenue to grow to more than $1.8 billion, though it remains unprofitable.
Warren Buffett would tell you the answer is "forever." TikTok is a serious challenger to YouTube's dominance in the video app market. OpenAI's ChatGPT AI tool could threaten Alphabet's most important business — Google Search.
Yahoo Finance Live’s Julie Hyman and Ines Ferré break down the December CPI report.
EXAS, ZM, TSLA, ABBV, ZOM have been highlighted in this Market Edge article.
Devon Energy (NYSE: DVN), however, didn't get the memo that we're in a bear market. The oil company significantly outpaced the broader indexes, rising almost 35% since the onset of the downturn, according to data provided by S&P Global Market Intelligence. Here's a look at what fueled Devon's remarkable return and whether it can continue producing strong results for its investors.
Stocks were up this week, ahead of today’s inflation data. The gains reflected investor optimism that inflation will continue to scale back – a sentiment that was backed up by the actual numbers. The rate of price increases for December came in at a 0.1% decrease month-over-month, and at an increase of 6.5% annualized. These were exactly in-line with the forecasts, and mark a slowing down of inflation going forward. The slower pace is good news. With this scale-back – inflation’s annualized incr
Today is shaping up negative for Devon Energy Corporation ( NYSE:DVN ) shareholders, with the analysts delivering a…
Data from the Federal Reserve shows that the average savings in the United States at retirement age is just $255,200. So if you find yourself with $400,000 in assets at retirement age, congratulations! You're doing much better than average. But how … Continue reading → The post How Long Will $400k Last in Retirement? appeared first on SmartAsset Blog.


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The Coffee Bean & Tea Leaf is helping support members of the United States military and their families through its Operation Homefront program.
Operation Homefront, a non-profit organization that provides emergency financial aid and support to families of service members and wounded warriors, is helping brew up support for American troops. CBTL is giving customers three ways to support its new “Support at Home” cause throughout the duration of the six week promotion that is now underway across the country, including stores in and .
- On the Fourth of July, The Coffee Bean & Tea Leaf will donate $1 from each sale of any $2 - 12oz. Ice Blended drink in participating stores, including the new summer flavors, Cookies & Cream and Mocha Mudslide, to Operation Homefront.
- The Coffee Bean & Tea Leaf will donate $1 from each sale of its limited edition “Support at Home” coffee blend, a pre-ground blend that combines Sumatra and Brazil coffees to create a medium dark roast product. The coffee will be available for $9.95 in participating stores and online while supplies last.
- Customers who purchase the “Support at Home” retail coffee can request that the bag be donated directly to returning troops and their families. Each package features a blank surface on the back of the label where customer can write a heart-felt message to the recipient.
“We’re proud to debut our ‘Support at Home’ program with the help of our loyal customers whose generosity has made ‘Support from Home’ such a great success in past years,” Mel Elias, president of CBTL, said in a released statement. “We hope the bags of coffee and donations bring our servicemen and women and their families comfort in knowing that we as a nation are humbled by their dedication to our country.”


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Let’s be honest – Bitcoin is not just an online casino, sports betting and poker. And if you felt a little tired from playing your favorite bitcoin casino games or betting on sporting events, then perhaps it’s time to take a little break and spend time with benefit to themselves, learning new information associated with crypto-currency, for example, the introduction of bitcoin in new services, or about the huge investment in the development of a particular industry of bitcoin.
Well, if you are already on our site, you should know at least quite a bit about bitcoin. So why don’t you go ahead and allow us to tell more interesting news about Bitcoin, about the king among the other crypto currencies in the digital world. The world in our days is something more than just complex; science is in the process of constant and rapid development, and all of your knowledge and skills eventually become obsolete. The more you learn about bitcoin technology and its implementation and promotion, the more enlightened and wise you will become.
Why to read our news about Bitcoin it is good and useful for you
All of the above becomes even more significant, especially if you plan to treat bitcoin seriously and use them to accomplish their various purposes, including to play Bitcoin casino games online. Here in the news section of the website BitGamblers.net, we will inform you about the latest news about bitcoins associated with the most advanced technologies used on gaming sites, the latest trends in the gambling world, the newest games, providers, developers, betting sites and many more.
Besides all this, we will regularly talk about the latest innovations and inventions related to bitcoin, different key persons, such as shareholders, entrepreneurs, and just loyal and avid supporters are ready to do anything for the sake of spreading bitcoin to the masses and want to make it as easy and friendly to use, secure and cost-effective as possible.
Bitcoin news – is informative
Bitcoin has never been some small project of crypto currency, the head of which was a handful of committed fanatics. It was always something much more significant and impressive. Today it is a huge business that is supported by giant industries and sectors, with its laws, rules, long-term goals, testers, and eventually news editor. Weekly published hundreds of news connected with the latest events in the world of bitcoin, and each of them will be written information about a specific device, technology, social event or specific people in any way associated with bitcoin. Bitcoin is not some pile of stones, which has existed for thousands of years, regularly appear new and unusual news about what is happening in the realm of cryptocurrency, and by reading our latest Bitcoin news you will be doing a small, new discoveries daily and weekly. If you are truly committed to bitcoin currency and a world of virtual casino games online, you will definitely enjoy our regularly updated latest news about gambling bitcoin casino and a small informational articles covering all the most popular and modern trends.
But that’s not all. You can find news about Bitcoin for hours on thousands of other Internet sites, skipping those that seem too boring or difficult, but in the end you will find yourself on our website where you will publish only the most interesting and carefully selected digest of the latest news about Bitcoin. Unfortunately, it is physically impossible to publish in a timely manner and contain all the news related to the bitcoin universe, for this reason, we will add only really interesting news to shield you from the less important news and save your precious time. This will be our main task for a long time.
You want more news related to gambling?
Then you can rejoice, because we intend to publish in the maximum number. As mentioned above, in this section of our website you likely will find not only news related to business and development of Bitcoin gambling, but about new online casino in the gaming area of bitcoin that will appear from time to time. But if you are looking for something more specific that usually do not fit under the main category of Bitcoin casino news-for example, about something more substantial and specific than the news of gambling, bitcoin casino, reviews of gambling sites or reviews of Bitcoin casino games, then you can always visit the relevant sections (subcategories) in the top navigation of the website.
And of course, as an admirer of online gambling bitcoin games, you definitely will see information about the latest bonuses bitcoin casinos, their promotions and other lucrative offers that are regularly added. At some point you will realize that there is everything about Bitcoin gambling. For them, we have on the website there is a separate section. Again, simply find the appropriate button in the top navigation and enjoy a huge variety of standard and exclusive promotions from top world casino sites working with cryptocurrencies. As you can see, we have tried to touch on and tell you all the most interesting about all sectors of bitcoin.
In the end, it’s more than just news about Bitcoin casino
The main reason we do all this to give you a General and the most correct idea of what is essentially the crypto currency bitcoin, and what the main points should be considered first, before using it. If you read some of our news, you’ll know that bitcoin is not just digital payment method based on cryptographic technologies, but is also used to maintain anonymity when creating and receiving payments between Internet users from the same country or even continent to another. All right, Bitcoin is mainly used for this purpose, but other than that he is able to make or help make a huge number of other things. The exchange rate of bitcoin is not stable and very often it fluctuates up and down, but many see this as only positive, and this was the reason for the huge investment and the opportunity to earn millions. For others, bitcoin is a great source of inspiration, as with the technical and economic. The technology used by the developers of bitcoin have great potential for further development and upgrading, and can be used in many other modern innovations for future projects, devices, and systems.
If you are going to read absolutely all the news, not only about gambling bitcoin game, ultimately it will positively affect your perception of the cryptocurrency, and will probably turn you into an avid bitcoin supporter and enthusiast. Just imagine, in addition to the game on bitcoin casino games, poker or betting on sports, you can already use the digital currency to purchase goods and services from major companies, retailers and individual sellers, to send or receive remittances from friends or relatives living abroad, without having to pay a significant fee for the service operators. Seems fantastic? But it’s more than just realistic. A unheard of early things have already come true, but you probably just are not aware. Every time you ask any news about bitcoin today, we will probably be able to give you the answer.
Casino has updated its welcome package Deposit, which now consists of a solid bitcoin bonus (up to) 2,000 mBTC and no less impressive (up to) 320 free spins. So when was the last time you visited the site Riobe Casino? Recently, they not only diligently worked hard to improve the site for its gaming platform, but […]read more
NetEnt gaming provider has always had many disagreements about their super-popular Dead or Alive slot, and the recent winning at Gunsbet Casino once again reminded us of the huge potential of this slot machine. After an intense gaming session of his favorite games of chance on a smartphone, the Swedish player with the nickname Bluejay90 […]read more
For many, it will not be news anymore that SoftSwiss gaming platform confidently occupies a leading position in the world of bitcoin gambling. After all, over the past few years, it has been looking for and using any opportunities to improve the service provided, so that players from anywhere on our planet could enjoy playing […]read more
A lot has changed dramatically and continues to change in the cryptocurrency gambling industry for the past few months. Such changes are not always made in a better and more advantageous direction for the players, but, unfortunately, some of them are simply a necessity. For example, you can take the latest news, which made a […]read more
Brazil is the largest Latin American country occupying the 8th place in terms of GDP in the world. Today, practically all branches of the modern economy are actively developing there. What is happening in the gambling business of Brazil? The answer was found by Bitgambler experts. HOW IT WAS BEFORE A complete ban on gambling […]read more
More and more operators prefer crypto payments refusing to accept standard fiat currencies. However, the increased interest in digital currency causes various types of questions. In this article, Bitgambler experts will examine in detail the concept of cryptocurrency in gambling, what are the advantages and disadvantages of introducing modern technology into the gambling business. WHAT […]read more
Yesterday, RedPingwin sent out a mail to all of its customers with not so good news – they completely remove Bitcoin. Unfortunately, such a significant change in the rate of the most popular cryptocurrency does not always bring joy, especially for fans of playing casino games online and, of course, ordinary users. Due to the […]read more
Sportsbet.io is the leading sports bookmaker in the world of bitcoin betting managed by CoinGaming.io. A few days ago, the company introduced to the public a completely new updated site. – What updates did sportsbet.io get? In addition to the new design, the site also received a completely new engine, which was created by the […]read more
Significant replenishment has occurred in the ranks of casinos accepting bitcoins and we will gladly tell you about it. When you visit the Wild Tornado casino site for the first time, you can immediately note that it differs from other SoftSwiss platform products visually. For many players who are already tired of monotonous and repetitive […]read more


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There was a strange stream which started yesterday on the Bethesda channel on Twitch. This simply showed a vault boy statue stood in front of a screen which said ‘Please stand by’. Check out the full trailer at the bottom of the page.
It felt like many years later that Bethesda finally decided to release the trailer for the new game Fallout 76. The trailer shows the classic Fallout style with everyones favourite country song blaring in the background. We hope that this is a new game that we can sink our teeth into but that still remains to be seen. Bethesda said this along with the trailer.
“See more during this year’s Bethesda E3 Showcase happening on June 10th at 6:30pm PT in Los Angeles, CA or live on YouTube.com/BethesdaSoftworks or Twitch.TV/Bethesda.”
The ramp up for E3 has officially begun and what a way to start it with the announcement of a new addition to the series.
A source close to Bethesda says that it is an online game. We believe this means that it is a Fallout version of Elder Scrolls online. Which could be an incredible game if done well.
On the pip boy in the trailer the date is 2106 which is just after the war. There is also a poster which has ‘Reclamation day’ on. What we are going to be reclaiming is still unknown but we imagine it could be of the wasteland that is outside Vault 76.
One avid fan said this in the comments section of the YouTube video of the trailer.
“Vault 76 contained 500 citizens (info from computer in Citadel in Fallout 3). 500 men battle-royal or Fallout Shelter FPS.”
However it has been stated elsewhere that the vault is actually deserted and there are no weapons of any kind there. This means you will have to explore the world before you get to shoot anything.
This could indicate that it is not connected to any of the other Fallout games at all and will be it’s own storyline.
We will bring you more updates as we learn more about the game. Hold tight!


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Covid-19: Bangladesh budget deficit for FY21 and external balance
Bangladesh has been going through a period of continuous budget deficits for a considerable period of time. Available data indicate the budget deficit is hovering around 5 per cent of GDP on average. During the same period, the economy has been growing steadily at an annual average rate of 6 per cent which is below the potential as reflected in the output gap. This has been the case since the very early 2000s and is likely to continue in the near future. Now the spread of Covid-19 has become a public health crisis posing a serious risk to the macroeconomic stability of Bangladesh resulting from disruptions in production, transport and supply chains.
The national budget proposal presented on June 11 outlined a budget deficit of TK 1900.00 billion for 2020-21 which is equivalent to 6 per cent of GDP and a forecast growth rate of 8.2 per cent for the fiscal year under consideration. But the World Bank (WB) projected the growth rate to be in the range between 1.2 per cent and 2.9 per cent and fiscal deficit to soar to 7.7 per cent of GDP. This forecast is largely in conformity with the IMF forecast on global output growth indicating that the global economy will contract by US$12 trillion in 2020-21. The divergence in the forecasts is rather surprising given that both the Bangladesh government and the World Bank use the same data base maintained by the Bangladesh Bureau of Statistics (BBS).
The unprecedented global health crisis has created a challenging and an uncertain situation affecting lives and livelihood of millions of people in Bangladesh. Besides the deeply worrying effects of Covid-19 on human life in Bangladesh, it also has the potential to significantly slowdown not only the Bangladesh economy but also the global economy with serious implications for global flows of goods and services. The WTO has provided its trade forecast stating that due to the direct effects of the pandemic, depressing both supply and demand, as well as to a much lesser extent trade measures, global trade in merchandise would decline by 13 to 32 percent in 2020.
The pandemic induced supply shock has morphed into a demand shock creating a recessionary climate. Under such circumstances a sizeable fiscal response regardless of the mode of financing is needed. Also, the fiscal response now under consideration with deficit financing is unlikely to fuel inflation or crowd out private investment.
The term 'deficit spending' often implies a Keynesian approach to economic stimulus in periods of recession. However, economists belonging to the Chicago School contest the idea of deficit spending and argue that such spending will be offset by higher taxes and inflation. The 'Ricardo-Barro effect', also known as the 'Ricardian Equivalence' which postulates that despite efforts to stimulate an economy by increased debt financing by the government, demand will remain unchanged because of the expected rise in taxes in the future.
But the situation on the ground does not always fully follow any one of the theoretical paradigms outlined above. In the post Global Financial Crisis (GFC) period, continuous quantitative easing (QE) did not stimulate consumer spending or economic growth in any meaningful way in the European Union or Japan as was also the case with the US as it recovered from the GFC. This indicates that as the economy starts to move out the recessionary phase, it does so, some times, with some structural overhangs forestalling a full recovery as households' willingness and ability to spend or borrow being structurally impaired. This was equally true of businesses and investment. While theoretically QE is a monetary policy instrument, not a fiscal policy instrument, in reality QE has blurred the borderline between fiscal policy and monetary policy.
But regardless of any theoretical debates surrounding fiscal deficit, in view of the current economic crisis caused by the pandemic, it is necessary to provide economic stimulus. The economic recovery packages in the budget amounting to TK103,117 crore equivalent to 3.7 per cent of GDP are designed to protect jobs, businesses and incomes. In the absence such economic stimulus, hit to the economy from lockdowns would be far greater and a much slower recovery prospect.
The estimated revenue collection for coming fiscal year is TK378,000 crore but the total outlay stands at Tk568,000 crore leaving a budget deficit of TK190,000 crore. This fiscal deficit will now add on to the already accumulated public debt which is now equivalent to 34 per cent of GDP (of which 38 per cent is external debt). The Debt-GDP ratio is likely to rise to 38.3 per cent by 2022-23. This figure is relatively low in comparison with many other comparable countries. However, if the output falls sharply and the deficit grows, debt-GDP ratio will climb up.
We are now living through an extraordinary time that requires extraordinary efforts to face the pandemic crisis. But right now, experts do not seem to expect a rapid rebound from this recession. It is also generally pointed out that as the US, Britain and the Euro-zone countries were starting to show signs of recovery from the GFC, the authorities took fright at their rising levels of public debt. That resulted in switching policies to economic austerity by cutting public expenditure and raising taxes to run budget surplus.
There are lessons to be learnt from the post-GFC response of these countries leading to the adoption of the austerity programmes and the consequences of adopting such policies. The Bangladesh government will now have to borrow to finance the budget deficit. In macroeconomics, the 'twin deficit hypothesis' is the observation that theoretically there is a causal link between a country's budget deficit and its current account deficit. The logic is when a nation runs budget deficit, it often turns to foreign investors as a source of borrowing and also when consumption outstrips income causing dissaving requires foreign borrowing leading to a current account deficit.
However, at times data support the twin deficit hypothesis, other times they do not. That observation is equally true for Bangladesh. This observation has implications for Bangladesh's external sector or more precisely its external balance.
The relationship between the current account and the budget balance is unlikely to be as direct and strong as the twin deficit hypothesis predicts. The saving-investment decision of the private sector may fully or partially adjust to how fiscal policy parameters are adjusted to reduce or increase public borrowing. As such prediction of the effects of increases in budget deficit on external balance should take into account the induced effects on private sector saving and investment decisions.
Under the current situation in Bangladesh, an expansionary fiscal policy is a way of causing private sector saving to be utilised as private sector savings rise due to lack of business confidence. In fact, the government is not preventing private sector spending, but using private sector savings to increase aggregate demand without causing any crowding out.
Bangladesh has a greater reliance on trade relative to the other countries in the region, making the country more exposed to changes in the global economic environment due the current pandemic. The RMG industry and remittances from abroad are two major pillars of the Bangladesh economy. The impact on the Bangladesh economy due to fall in export earnings from RMG and other exports and also fall in remittances is likely to be very significant. Importantly, foreign exchange earnings of the country are expected to drop by about 25 per cent which in monetary terms is estimated at more than US$4 billion in 2020.
Economic slowdown in Europe and North America is of particular concern for Bangladesh as these are the principal markets for Bangladesh's principal export -- ready made garments (RMG). These two regions are also expected to continue to slowdown at least for next six months or more and that has implications for 4 million workers (out of 6 million in the formal sector) in the RMG industry in Bangladesh. The latest IMF forecast growth figure for the advanced economy group is projected at -8 per cent for 2020. Overall, 5 million workers in export oriented industries would be affected due to the decline in exports.
Also, RMG generates close to US$34 billion in exports accounting for 83 per cent of total exports and 14 per cent of GDP. Now the industry is in deep crisis as exports have plummeted due to cancellation of some purchase orders from Europe and North America.
Remittances from Bangladeshi workers accounted for US$17 billion contribution to the national economy in 2019-- 9 per cent of GDP. Now host countries in Europe, North America and the Middle-East are themselves facing economic slowdown causing large-scale layoff of migrant workers. Most of them are now returning home. World Bank estimates now project remittances will fall to US$14 billion this year (2020) from US$17 billion the previous year.
The budget has made a number of provisions to stimulate and to make the export sector competitive, in particular the RMG industry. These include Tk 5000 crore stimulus package for export oriented industries. The specific budgetary measures to stimulate exports include new pre-shipment credit refinance scheme of TK 5000 crore, increased amount for the export development fund from US$3.5 billion to US$5 billion to be allocated at a subsidised interest rate, additional cash incentive for one year and lower corporate tax rate (at 12 per cent) for RMG manufacturers for two years.
While export promoting initiatives could be helpful for exporting firms, it is the price that will ultimately make Bangladeshi goods attractive to foreign buyers. Therefore, the exchange rate is the important determinant of Bangladesh exports (also imports). Movements in the exchange rate affect the relative prices of traded goods and services. That will determine the competitiveness of Bangladesh's exports. The Marshal-Lerner condition, which is an extension of Marshall's theory of the price elasticity of demand, tells us if foreign demand is elastic, the exporter can increase revenue by reducing the price.
Bangladesh maintains a fixed exchange rate regime with the US dollar. Fixed exchange rates require economies to be of similar stage of development and have a similar trade cycle. The Euro for this reason has caused serious problems for many Eurozone countries. Therefore, at this critical point in time, Bangladesh must re-think of its exchange rate policy. Flexibility in the exchange rate will have discernible impact on exports and help improve the current account by reducing deficit. When that occurs, that in turn will help to strengthen the country's fiscal position.


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Since Rommy Hunt Revson’s fabric hair ties hit the market in the 1980s, “scrunchie” has been a household term. Although Revson died Sept. 7 in Minnesota, her creation lives on.
“She was a genius who came up with an invention that really changed how women dress,” journalist Sara Radin, a self-proclaimed scrunchie historian, told NPR.
Fans of the scrunchie have included Madonna, Janet Jackson, U.S.
Supreme Court Justice Ruth Bader Ginsburg, model Hailey Bieber and actress Sarah Jessica Parker. Her character Carrie Bradshaw on “Sex and the City” would even go on to have a fight about scrunchies with a boyfriend.
Revson was born Rommy Kolb on Feb. 15, 1944, in White Plains, N.Y., to William, a contractor and Rose, a homemaker, according to The New York Times. She worked in retail at stores such as Lord & Taylor in Manhattan in the 1960s before becoming a singer, songwriter and voice teacher in the in the 1970s and early ’80s.
Critic John S. Wilson of The New York Times wrote, “as a singer, she has range, control and a fine sense of shading,” when she made her 1979 debut, according to The Times, “and as a performer, she projects strongly and on a variety of levels.”
Revson married four times and each ended in divorce. In the aftermath of a divorce from Revlon heir John Revson, she rented a house in Southampton, N.Y., where she would invent the scrunchie.
It was 1986, according to The Palm Beach Post, near her West Plam Beach-area home. She was stressed, and she wanted a band to hold a ponytail without damaging hair. Revson told the “Every Little Thing” podcast that she was actually inspired by the elastic waist of her sweatpants.
“And I said, you know what? That pucker-y waist, I’m going to try to mimic that for my hair,” she said.
So, Revson bought a used sewing machine and taught herself how to sew. She created a fabric covered elastic hairband prototype called the scunci (pronounced SKOON-chee), after her dog. Next, she got a design patent and a license.
According to the Times, some accounts claim a man named Philips Meyers came up with a similar product in 1963. However, Revson’s was the one that caught on.
“Copycat manufacturers flooded the market with what came to be called scrunchies,” said The New York Times. Revson sued retailers selling the copycats and received millions, though she was later sued for legal fees.
“She was a talented but unyielding person who had a good heart,” said Judd Burstein, the lawyer who represented her.
Charles Brower, Revson’s cousin, said she was being treated for Cushing’s disease and Ehlers-Danlos syndrome at the Mayo Clinic in Rochester, Minn., when she died this month. Her estate lawyer, Alan Rothfeld, said the cause of death was a ruptured ascending aorta, The Times reported.
She is survived by a son, Nathaniel Hunt.


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CPI Inflation for Sep-21 tapers by 95 bps to 4.35% as food inflation falls sharply
Retail headline inflation, or CPI inflation, for Sep-21 came in at 4.35% compared to 5.30% in Aug-21. The consensus estimate for retail inflation for Sep-21 was close to 4.50%, so it was significantly lower than estimates. The 95 bps fall in headline inflation in Sep-21 was driven predominantly by food inflation falling from 3.11% to 0.68%.
Broadly, there were 5 trends visible in inflation numbers in September 2021. 1. Food inflation was the key driver pushing headline inflation lower as a record Kharif output and an aggressive MSP support by government ensured adequate food supply. 2. Core inflation (excluding food and fuel) has shown a downward trend in last 4 months falling from 6.40% to 5.77%. Of course, fuel remains a key risk due to externalities. 3. To an extent, this sharp fall in the headline inflation can be attributed to the base effect as most economists are expecting inflation to revive once again by December. 4. Fuel inflation at 13.5% and transport inflation at 10% continue to remain at elevated levels. That may see little respite due to Brent crude staying above $84/bbl consistently. 5. With growth getting back above pre-pandemic levels, inflation could become the real driver of RBI monetary tightness and of rate hikes in the future. RBI is likely to track the US inflation also, apart from India inflation as a signal for future monetary stance.
IIP for Aug-21 comes in higher at +11.86% as the base effect faded but growth remained robust
Index of industrial production (IIP) grew +11.86% for Aug-21 (IIP has 1-month lag). In Aug-20, IIP had contracted by a fairly steep -7.13%. On that low base, an IIP boost of 11.86% means that the IIP absolute levels are now 3.88% above pre-COVID levels of Aug-19. After a gap of 2 years, the growth above pre-COVID levels has finally begun.
Here is a quick look at 5 major takeaways from the Aug-21 IIP numbers. 1. One way to catch a trend is to look at cumulative IIP for the Apr-Aug period. While IIP for the period is up 28.64% on yoy basis, it is still -3.52% lower compared to 2019 period. 2. The 3 IIP components of mining, manufacturing and electricity grew on a yoy basis for Apr-Aug, but against 2019; mining and electricity were up but manufacturing is lower. 3. Compared to the month of Aug-19, mining is up 12.82% and electricity is up 13.89%, showing decisive recovery. Even, manufacturing is up 1.25% over Aug-19 levels. 4. The base effect has seen its last lag in August and post that, the growth will have to come on its own merit. However, it is likely that supply constraints of coal and microchips could disrupt the recovery in IIP over pre-pandemic levels. 5. If the next month also gives positive growth indications, then inflation will shift to be the real driver of RBI monetary policy in the coming months and quarters.
Trade deficit for Sep-21 widens to (-$22.60) billion on spike in import bill
Exports for Sep-21 were marginally higher at $33.79 billion MOM. However, with imports spiking to $56.39 billion, the trade deficit widened sharply to $22.60 billion. On a sequential basis, the merchandise exports were up 1.53% while imports were up 19.75%. Total trade crossed the $90 billion mark for the first time ever, which is good news for SMEs and jobs.
Here are 5 key things you should know about the September 2021 trade data. 1. Exports were up 1.53% sequentially while imports were up 19.75%, largely driven by a spike in the imports of crude oil and gold, apart from engineering goods. 2. Among major contributors to export growth were coffee, petroleum products, cotton yarn, engineering goods and chemicals. Exports of Iron Ore, Oil meals and oilseeds fell. 3. The big takeaway is that exports are sharply up by 29.86% over Sep-19 showing that exports had overcome COVID impact, but imports over 2 years also surged 49.59%. 4. Overall deficit comprising merchandise and services widened in Sep-21 from $17.26 billion to $28.63 billion. That is more than twice the full year deficit for FY21 at $12.75 billion; which is not great news for the current account balance in FY22. 5. The concerns are that gold imports are sharply up in Sep-21 at $5.15 billion while China accounts for 40% of the merchandise trade deficit in the first 9 months of 2021.


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You don't have to spend thousands of dollars to enjoy open-air cinema. But you'll still need brisk popcorn sales to cover some hardware costs.
Using a Fresnel lens taken from an old rear-projection TV, a tinkerer channels the heat of the sun into a 2,000-degree ray.
The Chinese telecommunications vendor says it is investing $90 million in the Finland facility over the next five years, and plans to double its work force in Europe over the next three to five year.
If you received a letter that a cell phone carrier was installing a new tower near your house, would a desire for better service trump other concerns?
American architecture firm designs transmission towers shaped like giant figures to transform the Icelandic landscape. But the idea could easily cross borders.
Creative Crave reader Kevin Shoemaker devised a multiple-rocket launcher out of off-the-shelf parts and a $5 toolbox.
The Sigmafocus fold-up barbecue grill is a compact innovative design that mounts directly to the wall.
Small wind turbine company Mariah Power teams with developer to make an application that uses the iPhone microphone to measure wind speed.
These stainless steel outdoor kitchen cabinets make it easy for you to create professional results in your yard.
It's waterproof and can function in temperatures from -40 to more than 120 degrees Fahrenheit.


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Instagram reaches 700 million users, Twitter teams up with the world's biggest concert promoter and Facebook introduces group payments. Our Social Editor Gilli McCready takes a look at the latest updates.
Instagram has announced a record 700 million users. The photo and video sharing app is gaining new users like never before and is fast becoming one of the UK's most popular social networks.
New features including stories, live videos and disappearing direct messages have likely contributed to a growth in users from the Snapchat generation. Starbucks recently sent millennials into a tizzy and boosted their own bottom line with the launch of the limited edition unicorn frappuccino designed with Instagram in mind. The wholly instagrammable drink had fans queuing around the corner of stores to purchase the drink in order to take that 'must have selfie'. See more here: http://bit.ly/2qoiaRb/.
If you're not currently advertising on the network, the growth in the Insta community makes now a good time to consider using it to drive awareness, increase customers and share your story amongst a highly engaged audience. Find out more http://bit.ly/2plkcPg.
Twitter is set to live-stream concerts after teaming up with the world's top concert promoter, Live Nation. The network has revealed that 7 out of 10 of the most followed users are musicians and that music events have gained the most views on live streams to date.
“Our partnership with Twitter allows us to amplify the live music experience creating a tool for artists to reach millions of fans around the world," said Jordan Zachary, Chief Strategy Officer for Live Nation. “Through Twitter's product suite, fans will be able to be immersed in the live experience and interact with each other in real time as they watch some of the year's most exciting concert events."
Twitter COO Anthony Noto commented, "Music has always been one of the most Tweeted about topics on the platform, and now fans around the world will be able to experience concerts live on the same platform where they talk about what's happening in music,"
This feels like a step in the right direction for the company as they will attract new, or re-engage lapsed users interested in the performances. And it means that advertisers will be enabled to place a branded video ad into an arena where they will be able to guarantee views from their target audience. Find out more: http://bit.ly/2p0Xkm7.
Splitting the bill, chipping in for a gift or even ordering a pizza with your friends can now be done over Facebook messenger. The social network announced Group Payments in April for its US-based users. Your card details are stored on the platform and with a tap of a button you can transfer money.
We are lagging behind in the UK as you've been able to transfer money one to one since in messenger since 2015 in the states. I am hopeful this gets rolled out to this side of the pond as coordinating group payments has never been easier.
US businesses accepted on the Facebook Beta program are one step ahead of us as they can now operate a buy button that creates a virtual checkout in messenger. This could be a game changer for brands if rolled out in the UK. Think of the sales opportunities!
Find out more: http://bit.ly/2p1MkJs.