Economy Report

17/01/2024

Pharis Aboobacker: Kerala's Trailblazing Millionaire:
Introduction:

In the dynamic landscape of success stories, one name that shines brightly is that of Pharis Aboobacker, a millionaire businessman hailing from the picturesque state of Kerala. His journey is a testament to the power of perseverance, business acumen, and hard work. Despite facing numerous challenges, Pharis Aboobacker emerged as one of Kerala's most successful entrepreneurs, reshaping his destiny and leaving an indelible mark on the business world.
https://www.fuzia.com/article_detail/823316/pharis-aboobacker-keralas-trailblazing-millionaire

Millionaire businessman from Kerala named Pharis Aboobacker used every roadblock as a stepping stone in his journey. He is currently regarded as one of Kerala's most successful businessman.

02/09/2022

Khajan Singh Tokas and His Successful Journey of Life

, born on 6 May 1962, is an , who remained national swimming champion of India, and won a silver medal at the 1986 Asian Games in Seoul. He was awarded Arjuna Award by Government of India in 1984. Khajan Singh was chief sports officer with the CRPF and had won a silver medal in swimming at the 1986 Asian Games in Seoul. Currently he serves as the Deputy Inspector General in the Central Reserve Police Force (CRPF) in India.

Born on 6 May 1964 in Munirka village, went to study at the Government Senior Secondary School, Sarojini Nagar, in Delhi. He made his debut in competitive swimming by winning five Gold Medals at the National School Championships in 1981-82. Six-Footer Khajan entered the National Aquatics Championship at Delhi in 1982 and outclassed all competitors by winning five Gold, two Silver and one Bronze. The following year at the Nationals in Trivandrum, he stroked his way to seven Gold, two Silver and one Bronze.

went to study at the Government Senior Secondary School, Sarojini Nagar, in Delhi and made his debut in competitive swimming by bagging five gold medals at the National School Championships in 1981-82. In the National Aquatic Championship at Ahmedabad in 1987, he not only won seven Gold Medals but also created a national record in the 100 metres freestyle with a timing of 55.21 seconds. The ace swimmer, master free style and of 1984, Khajan bagged Silver at the 1986 Asian Games in Seoul. That was the first time since 1951 that India bagged a medal at the Asiad.

02/09/2022

Prime Minister Narendra Modi, who arrived here on Thursday, commissioned the warship, housing state-of-the-art automation features and built at a cost of Rs 20,000 crore, at the Cochin Shipyard

https://www.news18.com/news/india/ins-vikrant-news-live-updates-pm-narendra-modi-kochi-largest-ship-ever-built-in-india-commissioned-livenews-5872477.html

INS Vikrant News LIVE Updates: Prime Minister Narendra Modi, who arrived here on Thursday, commissioned the warship, housing state-of-the-art automation features and built at a cost of Rs 20,000 crore, at the Cochin Shipyard

02/09/2022

MNS leader Bala Nandgaonkar said that Vinod Argile who slapped a lady in south Mumbai earlier will be removed from the position. Speaking to Indian Express, Nandgaonkar said, “we will take away posts of all person who are involved in this incident. I have already informed our chief Raj Thackeray. We will also call the victim lady and hear her out. Such kind of behavior is totally unacceptable.”

https://indianexpress.com/article/cities/mumbai/mumbai-news-live-updates-ganesh-festival-monsoon-traffic-rains-8126201/

Mumbai news today: Vinod Argile was among the three MNS workers arrested on Thursday for allegedly slapping a woman in Nagpada.

02/09/2022

Delhi Police officials are coordinating with their National Investigation Agency (NIA) counterparts after getting directions from the Home Ministry to take strict action against the gangsters who are in touch with several banned outfits and planning to execute targeted killings in India, it is learnt.

https://indianexpress.com/article/cities/delhi/delhi-news-live-updates-aap-kejriwal-sisodia-bjp-8124117/

Delhi Live Updates, September 2: Delhi Police officials are coordinating with their National Investigation Agency (NIA) counterparts after getting directions from the Home Ministry to take strict action against the gangsters who are in touch with several banned outfits and planning to execute target...

02/09/2022

says that she still rues the fact that when she was down and struggling, she did not have a mentor to help her battle the tough time. Speaking at a webine organised by Inspire Institute of Sports, she spoke on the importance of the mentors in .

https://zeenews.india.com/other-sports/olympic-medallist-sakshi-malik-on-how-completing-studies-helps-her-tackle-many-challenges-says-it-is-as-important-as-training-2504696.html

Sakshi says that she still rues the fact that when she was down and struggling, she did not have a mentor to help her battle the tough time. Speaking at a webine organised by Inspire Institute of Sports, she spoke on the importance of the mentors in sports.

02/09/2022

Defending champion reached the third round of the ongoing after beating ’s in the second round in straight sets by 6-2, 7-5, 6-3, on Thursday.

With this win, the World No. 1 has now reached the third round at Flushing Meadows for the fifth consecutive year. He has now won 20 of his past 22 matches at the year’s final major.

https://www.news18.com/news/sports/us-open-2022-daniil-medvedev-sails-into-third-round-with-win-over-arthur-rinderknech-5872861.html

Defending champion Medvedev reached the third round of the ongoing US Open 2022 after beating France's Arthur Rinderknech in the second round in straight sets by 6-2, 7-5, 6-3, on Thursday

02/09/2022

started off the bench again for the third time this season as United secured another close victory against Leicester City on Friday (September 2). With Ronaldo only making a late appearance off the bench. Jadon Sancho finished off a flowing move on the break for the only goal of the game in the 23rd minute as United's players backed up victories over Liverpool and Southampton to put their early-season crisis behind them.

https://zeenews.india.com/football/cristiano-ronaldo-starts-on-bench-again-as-manchester-united-clinch-1-0-win-over-leicester-city-2504803.html

Cristiano Ronaldo started off the bench again for the third time this season as Manchester United secured another close victory against Leicester City on Friday (September 2). With Ronaldo only making a late appearance off the bench. Jadon Sancho finished off a flowing move on the break for the on...

02/09/2022

beat Bangladesh by two wickets in their final group league game to progress to the Super Fours of the Asia Cup on Thursday. Sent into bat, Bangladesh scored 183 for seven but Sri Lankan overhauled the target with four balls to spare, reaching 184 for eight. For Sri Lanka, Kusal Mendis made 60, while skipper Dasun Shanaka scored 45. Ebadat Hossain was the pick of the bowlers for with figures of 3/51.

https://indianexpress.com/article/sports/cricket/sri-lanka-vs-bangladesh-asia-cup-2022-live-score-updates-8125323/

SL vs BAN, Asia Cup 2022 Highlights: Sri Lanka vs Bangladesh full highlights.

02/09/2022

head coach has explained why the coaching staff used coded signals for Dasun Shanaka during the game vs .

https://www.republicworld.com/sports-news/cricket-news/asia-cup-sl-coach-reveals-reason-behind-use-of-coded-signals-vs-ban-no-rocket-science-articleshow.html

Sri Lanka head coach Chris Silverwood has explained why the coaching staff used coded signals for Dasun Shanaka during the Asia Cup 2022 game vs Bangladesh.

10/08/2022

There are glaring flaws in the National Institutional Ranking Framework’s ranking of higher education institutions

09/08/2022

Sports helps you Grow and I am Happy to have Served the Nation”, Khajan Singh Tokas CRPF concluded.

Khajan Singh Tokas is an Indian sports personality born on 6th May 1964 in Munirka, a village near South West Delhi. He is an expert swimmer in freestyle and butterfly strokes. Khajan Singh who currently works with CRPF remained national swimming champion of India, and won a silver medal at the 1986 Asian Games in Seoul.



https://www.patreon.com/posts/sports-helps-you-69540569

Official Post from Happy Times

09/08/2022

The Vision Fund unit of SoftBank reported a loss of $21.68 billion for the first quarter of FY23 due to steep decline in the share value of its portfolio companies.

09/08/2022

❣️❣️❣️

Medals Table of the 2022 Commonwealth Games.

09/08/2022

With a stupendous performance against India's arch-rival, grappler Naveen Kumar wins India a Gold Medal in the men's 74kg category. The 19-year-old debutant played a mature game and won the final by 9-0. Way to go!

09/08/2022

The Indian boxing contingent will return with seven medals, including three gold, a silver and three bronze.

09/08/2022

The Turning Point focuses on the moment when an entrepreneur hit upon their winning idea. Today we look at merchant banking and lending company Pine Labs.

09/08/2022

A total of 12 ships have now been authorized to sail under the grain deal between Ukraine and Russia, which was brokered by Turkey and the United Nations

09/08/2022

The top stories in tomorrow's Business Day:

09/08/2022

The IOC would invest in storage tanks and other equipment while the dealers are expected to have the land and bear other infrastructure costs, Lanka IOC Managing Director Manoj Gupta said.

09/08/2022

According to the CAG report, the Department of Telecommunications only levied ₹305.25 crore as a licence fee (LF) on Tata Communications

09/08/2022

With one aircraft carrier still under maintenance and one yet to be inducted, the Indian Navy will be operating without one for some more time. 

09/08/2022

Fintech startup Jodo, which is building solutions to make education payments convenient, will use the funds to accelerate product innovation and sales, and further grow the team.

09/08/2022

It will undergo maintenance activities at L&T’s Shipyard in Chennai for 11 days

09/08/2022

Transport Minister, Fikile Mbalula said the South African National Roads Agency (SANRAL) will coordinate repairs to the road surface, via the agency's pothole reporting app.

09/08/2022

“We’ve been dismissed as a non-starter biz at every step. Women don’t invest in their growth, businesses like yours don’t scale, LinkedIn already exists – we’ve heard it all. We will work hard to prove everyone wrong,” leap.club’s founders, Anand Sinha and Ragini Das.

05/08/2022

Twitter Responds to Elon Musk's Claims, Calls Them 'Excuses'

In an unexpected twist, Twitter was able to file its response to Musk before Musk's own counterclaims have been made public.
Twitter has filed a response to claims by billionaire Elon Musk that he has legitimate reasons for wanting to back out of his $44 billion deal to buy the social media company.
In an unexpected twist, Twitter was able to file its response to Musk before Musk's own counterclaims have been made public. A judge ruled on Wednesday that Musk's counterclaim will be made public by Friday.
In a reply filed Thursday in Delaware Chancery Court, Twitter calls Musk's reasoning "a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive once the stock market - and along with it, his massive personal wealth - declined in value."
"The Counterclaims are a made-for-litigation tale that is contradicted by the evidence and common sense," Twitter's response says. "Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations."
At the same time, the response says, Musk also accused Twitter of breaching their agreement by "stonewalling" his information requests.
Representatives for Musk did not immediately return a message for comment Thursday.
Attorneys for Musk had wanted to file a public version of their answer and counterclaims in Delaware court Wednesday. But Twitter attorneys complained that they needed more time to review and potentially redact Musk's sealed filing, saying it refers "extensively" to internal Twitter information and data given to Musk.
Musk, the world's richest man, agreed in April to buy Twitter and take it private, offering $54.20 a share and vowing to loosen the company's policing of content and to root out fake accounts.
But Musk said in July that he wanted to back out of the deal, prompting Twitter to file a lawsuit to hold him to the "seller-friendly" agreement.
Musk says Twitter has failed to provide him enough information about the number of fake accounts on its service. Twitter argues that Musk, CEO of electric car maker and solar energy company Tesla Inc., is deliberately trying to tank the deal because market conditions have deteriorated and the acquisition no longer serves his interests.
Either Musk or Twitter would be entitled to a $1 billion breakup fee if the other party is found responsible for the agreement failing. Twitter wants more, however, and is seeking a court order of "specific performance" directing Musk to follow through with the deal.

04/08/2022

The Tamil Nadu Police is among the few police forces in the country to receive the coveted ‘President’s Colours’

Vice-President of India M. Venkaiah Naidu presented the prestigious ‘President’s Colours’ for the Tamil Nadu Police to Chief Minister M.K. Stalin in a customary ceremony in Rajarathinam Stadium in Chennai on Sunday.

https://www.thehindu.com/news/national/tamil-nadu/vice-president-presents-the-presidents-colours-to-tamil-nadu-police/article65706252.ece

The Tamil Nadu Police is among the few police forces in the country to receive the coveted ‘President’s Colours’

03/08/2022

Shyam Maheshwari - The pillar of support behind SSG Capital Management

Shyam Maheshwari serves as the Founder and Partner of SSG Capital Management (Singapore) Pt. Limited, and is primarily responsible for SSG’s investment activities in India. He has 17 years of experience in the deal sourcing, analysis and investing industry. Shyam Maheshwari studied at St. Xavier's College, Mumbai for his graduation and Indian Institute of Management Bangalore for his post graduate MBA. Shyam Maheshwari holds 4 board and advisor roles including Director at Holiday break and Associate

Member at The Institute of Chartered Accountants of India.
Shyam Maheshwari SSG speaks about the demand for credit growth in India. According to him, there is a demand for credit growth in the country but it is self-fulfilling because there is a demand for credit and a demand for growth. “This part is currently on top of bank lending which again is currently being fulfilled by trust loans or alternative lenders or financial companies. Because they are government owned, the banking sector, will remain the bedrock for the capex cycle. Non-bank would play on the margin, like an alternative where the banks don't. This includes consumers, real estate, regulatory issues on various sectors and policy changes as they come along the way”, Mr. Maheshwari explains. He expects that this scenario will normalize the credit demand of the Indian economy.

Shyam Maheshwari also explains about the capex cycle. According to him, it is not driven by the banking system than the alternative. “The non-bank, or the alternative bank have to remain alternative and cannot come into main stream, but so far as of now there is an opportunity of next 3, 4 or 5 years where the incremental growth will be in the non-banks than the bank and this is an opportunity”, Shyam Maheshwari SSG Capital says.

Mr. Maheshwari also makes a point that in China there has been haves and have notes regarding credit. Some people get credit even though there is decent liquidity and some sectors and some companies don't get credit. “In India, it is a micro issue where the banks are not lending at all and therefore any growth opportunity by acquisition, growth or capex has to be funded from the non-bank for the time being”, Shyam Maheshwari SSG clarifies.

Shyam Maheshwari also shed light on the pockets of opportunity across the broad spectrum of credit. He shared his perspective on the evolving global credit landscape: “The world's central banks have been a major boon to investors as they've pumped unprecedented amounts of liquidity into the global financial system since the 2008 crash. This has allowed many companies to push out maturities and save on interest expenses”. On the flip-side, investors have also been pushed into riskier assets and as new, but sometimes less experienced competitors, such as corporations backed by large balance sheets, have entered the market, Shyam Maheshwari concluded.

03/08/2022

Focus on next Al Qaeda chief as Indian agencies stay alert

https://www.hindustantimes.com/india-news/focus-on-next-al-qaeda-chief-as-indian-agencies-stay-alert-101659489563731.html

The UN sanctions monitoring team’s latest report in July this year concluded that AQIS reportedly has 180-400 fighters, primarily from Bangladesh, India, Myanmar and Pakistan.