Globally power transmission tenders are being delayed and this will have an impact on the exports business, Manish Agarwal, Chief Executive Officer at Delhi-based Sterlite Power Solutions, one of the four business divisions of the Rs 3,571 crore transmission company Sterlite Power, tells ETEnergyworld in an exclusive interview. Edited excerpts..What has been the impact on your business operations as a result of the Coronavirus outbreak?All businesses have been impacted by the Covid 19 outbreak and we are no exception. Due to the lockdown, our project sites and manufacturing plants were not fully operational. Migration of labour has been challenging with many workers travelling back to their homes. Inter-district movement restrictions also impacted availability of labour. Factory utilisation is at 33 per cent which will mean lower volumes of production this quarter. Even at project sites, we are working with nearly half the workforce on most projects. However, with gradual relaxations … [Read more...] about We are seeing slower revenue, logistics issues: Manish Agarwal, CEO, Sterlite Power Solutions
Meadows 4 master plan
About 100 kilometers southwest of Beijing, Xiongan New Area, known as China's "city of the future," has been designed to become a zone for innovation, a digital city synchronized with a brick-and-mortar one and a livable and business-friendly area. … [Read more...] about Main structure of Xiongan railway station’s west section completed
The first event at the studio was a performance by The Pinky Panther band, featuring up-and-coming musicians Pinky and Pia. While the studio provided everything free of cost for the first two events, Sreekanth says that some organisers/artistes have agreed to pay for the same. “Our plan is to conduct a one-hour event every Saturday. If they don’t want live-streaming, artistes can hire the studio to shoot a session to upload the content on their social media page,” adds Sreekanth. … [Read more...] about This studio in Kerala capital provides facilities to host performances for live streaming
Last week Hike Messenger , the messaging app, became the latest startup to join the so-called ‘unicorn’ pack in India—companies valued at at least $1 billion. Hike has been the fastest of the pack to reach the milestone, in just about three and half years after launch. It took e-commerce major Flipkart five years, rival Snapdeal seven years and analytics firm Mu Sigma nine years to become unicorns. Hike is also the lone company in the unicorn pack that is free. It is yet to make money. Hike will only “start to try making money by 2018, perhaps 2020”, says 28-year old founder Kavin Bharti Mittal. Yet, thanks to the $175 million collected from a clutch of overseas investors (see Plenty of Funds), the app is valued at $1.4 billion. Mittal believes the $175 million raised by Hike “is like Flipkart raising $1 billion. That’s the value we see and we are the only local rich messaging app with scale in the country.” Says Vishal Tripathi, … [Read more...] about Is Hike Messenger worth the hype and $1.4 billion?
Our tea sessions at Pandit’s dhaba in the GhumarMandi chowk were lively and enjoyable. The dhaba was strategically located at the southern end of Lovers’ Lane, which led to Gurdev Hostel for girls and Government College for Boys; whereas towards the east quite close by was Government College for women. We patronised the dhaba because of its location and the quality of tea. Pandit died years ago; the dhaba disappeared and in its place came a big departmental store. The place still retains its old name Ghumar Mandi, but it’s a posh shopping area of the city today. And there lie buried sweet memories of my youth and the happy moments spent with friends like JD. … [Read more...] about Some friends are never meant to be forgotten