Arun Kumar: You are absolutely right. I agree with Dr. John on masks, incomes for people to survive. What he is also pointing out is that our public health system is broken, not able to take care of the poor. For instance, rural and semi-rural areas have very poor facilities, and as the disease spreads there, the death rate could go up. What we needed to do was focus on building up our health infrastructure rapidly - doctors, nurses, testing. We have never paid attention to social infrastructure, on education, health, drinking water, etc and that’s why we are facing the problem, and could not implement the lockdown. Unlike China which could implement and control it and within three months there were no reports of fresh disease. It is because of the failure of governance, that we could not implement the lockdown better. We are paying for what we have not done for the past 70 years. I see the divide between the organised and unorganised sectors. The organised sector can use … [Read more...] about Can India’s workforce have a safe return to business?
Return top 3 values excel
value investing because in this new normal, will the classic old way of value investing?You are right. I do have a value bias and you could say I have been one on a few occasions earlier than one would have liked to be. But what is value investing? It is simply saying that I want to buy a business that is strong, that is well-managed and at a price which I believe is lower than the fair value. The discovery of fair value at times is a function of the environment in the market and this time around value investing has struggled for longer than what we had anticipated. Initially, it was driven by the elongation of the corporate NPA cycle and the delay in resolutions in the IBC. When we made good progress around that, we were hit with this. Look at what has happened to many NBFCs and small banks. They have lost 70-80% value and in many cases, the permanent damage to those values is more than in the large banks which will come back pretty strong. So I think it is returns delayed and not … [Read more...] about Auto sector will feel the maximum pain this year: Prashant Jain
In the current situation of COVID-19 pandemic when other students were left midway with their preparation, students at FIITJEE didn’t even furrow their eyebrow and get tensed. It is because we immediately rose to the situation and introduced Live Online Classes- a replica of our offline classes which are equally powerful. We started LIVE online classes batch-wise just as per our planned schedule of offline classes with 2-way communication. There is hardly any difference between offline and online classes except in-person human interaction. It was a seamless adoption and ensured that no time of students was lost. Those students who are willing to start their preparation for competitive & scholastic exams can now appear in our Home-Based Online Admission Test and once they qualify the test, they can then avail easy and hassle-free access to our live online classes and start preparing as if everything is normal. Today, we are glad to see our students embracing these online … [Read more...] about ‘Students should learn to apply concepts in day-to-day problems and develop parallel thinking to solve a question by different methods’
By Stephane de Meurville Cognac has long reigned as one of the world's most refined spirits and understanding this unique spirit has a lot to do with the senses. From the explosion of flavours on the palate to the intensified aroma that lingers on, you know it's a fine cognac when it appeals to all the senses. In the last three years, as per IWSR, there's been a gradual increase in the consumption of cognac. From the consumption of 62000 cases (Standard 9L case) in 2014 to 78500 cases (Standard 9L case) in 2016, cognac is definitely gaining popularity among the consumers in India. And the potential for growth is increasing with the usage of the spirit in cocktails, a trend that has taken off in the past few years among the millennials and xennials. Unfortunately, there is a misconception that cognac is a spirit only consumed by the older generation or is an "old-fashioned drink" - a drink that one consumes after dinner or when ailing with a cold. However, that myth is gradually … [Read more...] about No longer just the old man’s drink, cognac is the spirit of 2018
The profound importance of technology in the life of every business became crystal clear as the Covid-19 pandemic compelled firms to operate remotely. As offices resorted to work from home, technology became the thread to keep operations running. In a chat with ET Digital, Ajay Mittal, CDO & Director - Digital Sales & Commercial, IBM ISA, talks about how the current pandemic has hastened the need for IT adoption among SMEs and why it still makes sense to invest in IT infrastructure, despite the financial crunch that every business currently faces. Edited excerpts: Economic Times (ET): How can IT help SMEs at the moment? Would you be able to give some practical examples?Ajay Mittal (AM): One of the fortunate aspects of the era we live in is the sophistication of our digital world. We have a network of virtual connections, a broad array of devices and technologies that allows us to operate, plan and respond to this crisis in a way that past eras never could. The changes we are … [Read more...] about IT is now an essential part of business continuity: IBM’s Ajay Mittal