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
The 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 second phase of online Soorya festival begins on June 1. Besides select programmes from the cultural festival and films, foreign content was also aired for 63 days in the first phase. “We sent the YouTube links to as many people as we can and our assumption is that at least 50,000 people across the world might have watched the programmes. Besides members of Soorya and their families, it was shared with all our friends and acquaintances. In the second phase, there will be dance and music performances, talks, plays, award-winning and critically-acclaimed films and short films. In addition, there will be fresh content, such as videos of performances shot at homes or studios,” says Soorya Krishnamoorthy, founder of Soorya. Vyloppilli Samskrithi Bhavan has been holding an arts festival on its Facebook page since April 12. The cultural centre uploads videos by reputed artistes and up-and-coming talents shot at their studios/homes. Members of the public can also post videos of … [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?
Ours was a group of village boys, who were first generation college students. In a way we were yokels and new to city ways. JD was an exception; he had visited Lahore and Shimla (then Simla) and talked about Flattie’s and Devico’s and the attraction of those magical cities. He was my guide in table manners, in handling the knife and fork, in artfully combining colours when dressing, in tying the knot of the tie, in addressing the ladies properly, in selecting good books, in using correct English pronunciation, in watching standard English films and above all in choosing the ‘right’ friends. No wonder he remained ‘Englandi bachha’ to us. Who knew then that one day he would go to England to study, to settle and to die? … [Read more...] about Some friends are never meant to be forgotten