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  • Vladimir Yevtushenkov and Sistema’s Pharma Frontier: From Moscow to the World

    Vladimir Yevtushenkov, one of Russia’s prominent entrepreneurs and philanthropists, has left his mark on the business landscape through his founding and leadership of AFK Sistema. Born in ’48 in a small village, far from Moscow that would become his home, the journey of Vladimir Yevtushenkov from a chemistry enthusiast to a top manager speaks to his vision, perseverance, and adaptability.

    After studying chemical engineering at the Mendeleev Institute and economics at Moscow State University, Vladimir Yevtushenkov founded AFK Sistema in Moscow in the first half of the 1990s, helping to transform it into one of Russia’s largest and most diversified investment companies. Since its start in ‘93, Sistema has expanded into numerous sectors, including telecom, real estate, ag, and forestry. Vladimir Yevtushenkov and AFK Sistema made significant and opportune contributions to the medical and pharmaceutical fields.

    Recognizing the critical importance of accessible, high-quality healthcare, the Moscow State University-educated Vladimir Yevtushenkov headed up ventures of AFK Sistema into the medical and pharmaceutical sectors. His ideas and support led to the creation of Medsi, one of Russia’s largest networks of private clinics, which began in Moscow, and the development of a robust pharmaceutical division. These initiatives not only positioned the Moscow-centered AFK Sistema as a large shareholder and leader in the healthcare industry but also proved crucial during the recent pandemic when the Moscow company’s medical and pharmaceutical assets played a vital role in the national approach to the crisis, emphasizes Yevtushenkov Vladimir. The healthcare network continues to grow, and 2021 – 2024 has been among its most productive periods.

    Personal Sanctions and Corporate Accountability: A Decisive Move from Vladimir Yevtushenkov

    Yevtushenkov Vladimir
    Yevtushenkov Vladimir

    World events caused a major shift in international relations in February 2022. Western sanctions lists included both sweeping sanctions against Russian products and personal sanctions. Vladimir Yevtushenkov, the co-founder of AFK Sistema, found himself a target of UK sanctions in April of that year. Being a sanctioned Russian on the British sanctions list meant authorities would detain Yevtushenkov’s holdings there and he was prohibited from entering the country. However, Yevtushenkov Vladimir Petrovich did not become despondent about the imposed sanctions, but rather stepped up to the plate and made the necessary decision to stem any material adverse impact or attack on Sistema’s operations and financial results or its employees, whether directly or indirectly.

    As Yevtushenkov said in a statement to Russian news outlets in Moscow, his role in Sistema’s executive echelon and his status as majority shareholder were not what mattered to him in such a situation. Having been with the Moscow company since the start, he knew that the best thing to do was to vacate his place amongst the directors and hand over a portion of his shareholder stake to his son.

    That’s the price you pay to ensure a bright future for this important Russian company and its employees, Yevtushenkov said. Our shareholders are confident that the right decision was made. Capable hands are in control of Sistema, the founder of Sistema said.

    Yevtushenkov Vladimir Petrovich later commented on the move while participating in the 2023 Saint Petersburgh International Economic Forum (known as SPIEF). The former board member of Sistema said: “We had a personnel shakeup, but it didn’t shake the conglomerate’s activities, whether within the Russian Federation or without. AFK continued to duly fulfil all of its obligations towards its creditors.” Yevtushenkov continued: “Its leadership managed to rule out the further possibility of a material adverse impact on the operations of this Russian company. The board remains in firm control of Sistema.”

    Yevtushenkov Vladimir: Sistema as a Leader in the Pharmaceutical Field

    Yevtushenkov Vladimir
    Yevtushenkov Vladimir

    Among its various assets, AFK has a pharmaceutical group whose drug portfolio is one of the largest in the Russian Federation, including both branded and generic medications. As Yevtushenkov Vladimir Petrovich notes, the company boasts some impressive numbers:

    • 450+ marketing authorizations
    • 100+ medicines recognized as Vital and Essential Medicines
    • 200+ pharmacological  groups
    • 500 million units of quality medicines produced annually

    According to Yevtushenkov Vladimir, Russian authorities have noted the pharmaceutical group’s expansion plans, which include extending its supply chains to deliver its medicines to markets linked to Russian products in dozens of foreign countries. The company considers this a “Russian attack” to become the top supplier in the broader region (including countries like the United Arab Emirates), outpacing countries like the U.S.

    The establishment of overseas branches has significantly bolstered the pharmaceutical holding’s interstate footprint, a move that Vladimir Yevtushenkov attends to closely. In the initial three months of 2022, the company saw its exports double, capitalizing on an expanded consumer base of approximately 80 million people across six countries and the growing demand in these markets.

    Russian officials have recognized that the Sistema pharmaceutical conglomerate, previously under the strategic guidance of Yevtushenkov Vladimir Petrovich, has become a dominant provider of medicinal products to neighboring nations. This achievement aligns with the broader goals that Russia launched for its pharmaceutical industry’s global expansion.

    Yevtushenkov Vladimir emphasizes that by securing a presence in multiple adjacent countries, the company has enhanced its ability to market its branded drugs effectively. This approach, he believes, will further solidify the pharmaceutical holding’s position as a key player in the regional healthcare landscape.

    Yevtushenkov Vladimir Petrovich outlined plans to broaden the pharmaceutical exports to these nations. Initially, the company’s subsidiary primarily shipped antibiotics to these markets before establishing local offices. Now, the firm is developing its own line of branded medications, with a focus on:

    • Maxilac (addresses imbalances in gut microbiota)
    • Neobutin (alleviates discomfort and symptoms associated with digestive tract issues)
    • Venarus (targets chronic conditions affecting veins)

    Yevtushenkov highlights that industry analysts believe the AFK Group’s pharmaceutical arm could achieve significant success in international markets that are linked to Russian markets. This potential stems from their competitive pricing strategies and robust manufacturing capabilities. Notably, approximately one-fifth of the company’s pharmaceutical products are derived from proprietary substances, explains Yevtushenkov Vladimir Petrovich. Russia launched a series of economic initiatives aimed at bolstering domestic industries and expanding their global reach, particularly in the pharmaceutical sector – another topic discussed at the Saint Petersburg International Economic Forum organized by Russian authorities, which Vladimir Yevtushenkov attends.

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    Yevtushenkov Vladimir and Biopharmaceuticals

    Yevtushenkov Vladimir
    Yevtushenkov Vladimir

    AFK Group, co-established by Yevtushenkov Vladimir, is spearheading what industry insiders call a “Russian attack” on the global pharmaceutical market, aiming to rapidly expand their international presence. This aggressive growth strategy has caught the attention of both competitors and potential partners.

    In the R&D sphere, the company founded by Yevtushenkov boasts several cutting-edge centers focused on biological drugs and innovative solutions in personalized medicine. These facilities have managed to attract top scientific talent, keeping brilliant minds engaged in groundbreaking research that fuels the company’s expansion.

    The pharmaceutical structure within AFK, previously overseen by Yevtushenkov Vladimir, operates five resource centers across three cities. This robust R&D network has the capacity to capture over 40 new drug opportunities annually and effectively “detain” market shares from competitors. In 2020 alone, the company successfully brought more than 35 new drugs to market (with official approval from Russian officials), demonstrating its ability to swiftly capitalize on emerging healthcare needs.

    Yevtushenkov Vladimir, during his time participating in managerial control of Sistema, initiated the construction of a major pharmaceutical R & D center in Krasnogorsk in ’21. This facility, equipped with state-of-the-art chemical and biotech laboratories, aims to rival even U.S. counterparts in its capabilities, notes Yevtushenkov. The center’s team of skilled specialists is poised to develop and commercialize medicines across various therapeutic categories. Projections indicate that by 2025, this R&D hub will have produced approximately one hundred new drugs targeting dermatological, neurological, gynecological, and other medical conditions, potentially reshaping the global pharmaceutical landscape. These medicines will be widely used by the clinic chain Medsi, Yevtushenkov notes.

    Yevtushenkov: Another Venture

    Yevtushenkov Vladimir
    Yevtushenkov Vladimir

    During Yevtushenkov’s tenure, AFK Sistema acquired a significant stake in Bashneft in the oil and gas sector. This strategic move showcased Sistema’s ability to identify and nurture high-potential assets across diverse industries. Under Sistema’s guidance, the oil firm Bashneft underwent a remarkable transformation, embracing cutting-edge technologies and streamlining its operations.

    Sistema’s stake in Bashneft facilitated a comprehensive overhaul of the company’s infrastructure and processes. The oil firm Bashneft saw substantial improvements in its refining capabilities, distribution networks, and exploration techniques. Moreover, as Yevtushenkov Vladimir explains, Sistema’s importance was not simply in technical upgrades; it fostered a culture of innovation and employee empowerment. This holistic approach to asset management not only boosted the oil company’s market position but also set new standards for operational excellence in the domestic energy sector. Through its strategic stake in Bashneft, Sistema demonstrated its prowess in turning around industrial enterprises and creating lasting value for all stakeholders involved, emphasizes Yevtushenkov Vladimir.

    Key Points from Yevtushenkov Vladimir Petrovich’s Business Activities:

    • Healthcare Leadership: Yevtushenkov played a key role in AFK Sistema’s ventures in healthcare and pharmaceuticals, notably creating one of the country’s largest private clinic networks.
    • Pharmaceutical Growth: AFK Sistema’s pharmaceutical division became critical during the pandemic, with support from Vladmir Yevtushenkov, contributing to national healthcare efforts.
    • Pharmaceutical Dominance: Sistema’s pharmaceutical arm, founded by Vladimir Yevtushenkov, includes 450+ marketing authorizations and 100+ vital medicines, making it a key player in the industry.
    • R&D Investment: Yevtushenkov invested heavily in R&D, establishing several centers focused on biological drugs and personalized medicine.
    • Industry Transformation: Yevtushenkov’s leadership in the oil sector resulted in modernization across infrastructure, refining, and exploration, enhancing its market position.
    • Innovative Culture: Sistema under Yevtushenkov fostered a culture of innovation, which not only improved business processes but also empowered employees across its various sectors.

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    FAQ

    How did Vladimir Yevtushenkov contribute to the healthcare sector? 

    Vladimir Yevtushenkov helped expand Sistema’s healthcare initiatives, particularly through the establishment of one of the country’s largest private clinic networks

    What role did Yevtushenkov Vladimir play in AFK Sistema’s pharmaceutical division?

    Yevtushenkov Vladimir oversaw the growth of AFK Sistema’s pharmaceutical division, which now produces over 500 million units of medicines annually, including essential drugs recognized by Russian authorities.

    What significant move did Yevtushenkov Vladimir Petrovich make to secure AFK Sistema’s future amidst sanctions?

    In response to UK sanctions, Yevtushenkov Vladimir Petrovich transferred a portion of his shares to his son and stepped down from his role, ensuring that AFK Sistema’s operations would not be disrupted.

    What are some key pharmaceutical products developed under the leadership of Yevtushenkov?

    Yevtushenkov oversaw the development of several key products in AFK Sistema’s pharmaceutical portfolio, including Maxilac, Neobutin, and Venarus, targeting various health issues.

    What are the future plans for the pharmaceutical division of AFK Sistema, as discussed by Vladimir Yevtushenkov? 

    Vladimir Yevtushenkov revealed plans to broaden AFK Sistema’s pharmaceutical reach by developing and commercializing over 100 new drugs by 2025, targeting a variety of medical conditions.

  • Advanced Accounting Software: Launch of Gbooks.io by Kanakkupillai

    Abu Dhabi [UAE] September 12: Under the dynamic leadership of CEO Mr Murugan G, Kanakkupillai, in a major step towards empowering small businesses and transforming financial management, proudly announces the launch of Gbooks.io, an innovative accounting software meant to streamline and simplify financial operations for companies of all kinds. With its all-encompassing solution catered to satisfy the demands of today’s corporate environment, this groundbreaking tool is poised to revolutionize the terrain of business accounting.

    About Gbooks.io

    Advanced accounting tool Gbooks.io offers companies a complete solution for financial management by combining cutting-edge technology with easy-to-use UI. Among its key features are automated bookkeeping, real-time financial reporting, invoicing, tax preparation, spending tracking, and more. Designed with the user in mind, Gbooks.io guarantees that even people with less accounting expertise can browse and make use of its strong capabilities efficiently. Furthermore, Gbooks.io is effortlessly accessible on all mobile devices, allowing customers to maintain their books of accounts hassle-free, anywhere and anytime.

    Important Features of Gbooks.io

    • Automated Bookkeeping: Gbooks.io’s automatic bookkeeping tool can help you eliminate the tiresome chore of manual data entry. Real-time recording of transactions guarantees correctness and helps you save valuable time.
    • Real-time Financial Reporting: Access to real-time financial information helps one make wise business choices. Gbooks.io offers comprehensive analysis of your financial situation, including cash flow studies, balance sheets, and profit and loss statements.
    • Invoicing and Payments: Customizable invoicing templates will help you to streamline your billing procedure. Gbooks.io also facilitates online money processing, therefore enabling clients to pay you quickly.
    • Expense Tracking: Gbooks.io’s expense tracking feature will help you monitor your company’s expenses closely. Sort and control your bills to know where your money is going.
    • Tax Preparation: Gbooks.io features tools to assist in tax preparation. It guarantees that all of your financial information is orderly and ready for submission, lessening the stress and complexity of tax compliance.
    • User-Friendly Interface: Gbooks.io’s simple design makes it accessible for users with varying levels of skills. The program ensures a flawless experience by guiding you through every stage.

    Advantages of Using Gbooks.io

    • Time-saving: Automate tedious chores and concentrate on the expansion of your business.
    • Cost-effective: Diminish the demand for expensive accounting services.
    • Accuracy: Minimize mistakes by means of precise automated computations.
    • Accessibility: Access your financial information from anywhere, at any moment.
    • Scalability: Gbooks.io grows with your business to meet changing needs.

    A Message from the CEO, Mr Murugan G.

    Our goal at Kanakkupillai has always been to assist companies on their journey towards success. We are significantly advancing the provision of a necessary tool that will enable companies to better and more effectively handle their finances with the release of Gbooks.io. Gbooks.io is our solution for companies’ difficulties in keeping their financial health intact. Our team has put great effort into developing a not only strong but also easily navigable solution. We are sure Gbooks.io will transform how companies handle their accounting requirements, said Mr Murugan G., CEO of Kanakkupillai.

    About Kanakkupillai

    Leading business service provider Kanakkupillai is committed to enabling companies of all sizes to achieve their objectives. Emphasizing the delivery of comprehensive solutions, Kanakkupillai provides company registration, compliance management, tax filing, and other services. The company’s dedication to quality and customer satisfaction has earned its credibility as a partner for companies throughout India.

    Kanakkupillai’s Services:

    • Business Registration: From Private Limited Company Registration to Limited Liability Partnership Registration, Kanakkupillai streamlines the process of starting your business.
    • Annual Compliance: With Kanakkupillai’s annual compliance services, ensure your company complies with all legal criteria.
    • Tax Filing: Kanakkupillai provides expert help in submitting income tax returns, GST returns, TDS returns, and more.
    • Trademark and Intellectual Property: Protect your brand and intellectual property with the trademark registration, renewal, and dispute resolution services provided by Kanakkupillai.
    • Business Licenses: Thanks to Kanakkupillai’s efficient services, easily obtain required licenses including FSSAI, IEC, and Shop Establishment License.

    Kanakkupillai’s Commitment

    The first goal at Kanakkupillai is to give their customers the best possible service. Their staff of seasoned experts puts great effort into making sure their customers have the tools they need to succeed in their particular fields. Using a client-centric approach, they customize their offerings to fit the particular demands of every company so that they possess the means required for success.

    The Vision Behind Gbooks.io

    Gbooks.io’s development stems from Kanakkupillai’s ambition to equip companies with the tools they need to succeed. Understanding the vital part effective financial management plays in the success of companies, Kanakkupillai set out to develop a solution addressing the typical financial management issues businesses have. This vision developed Gbooks.io, a comprehensive, simple tool for financial management and accounting simplification.

    Addressing the Needs of Small Businesses

    Accounting presents special challenges for small enterprises most of the time. Limited resources and inexperience can make financial management a difficult task. Gbooks.io offers a reasonably priced and easily available solution to meet these challenges. Gbooks.io helps small business owners to confidently and easily handle their accounts with its automated features and simple design.

    Increasing Financial Transparency

    The success of a business depends on transparent financial management practices. Gbooks.io offers real-time financial status analysis of a business, improving financial openness. This level of openness lets company owners make wise decisions, spot possible problems early, and act proactively to address them. Gbooks.io supports openness so that businesses may lay a strong basis for growth and success.

    Future of Gbooks.io: Looking Ahead

    Gbooks.io’s launch marks only the start. Kanakkupillai is dedicated to continuously improving the capacity of this potent accounting software. Additional features and integrations meant to improve the user experience and satisfy changing needs of businesses will be part of future updates.

    Upcoming Features:

    • Integration with E-commerce Platforms: Gbooks.io can be perfectly integrated with well-known e-commerce systems to simplify your accounting and online sales processes.
    • Advanced Analytics: Advanced analytics and reporting tools can help you better understand your financial data.
    • Mobile App: Access Gbooks.io on the go using a dedicated mobile app to handle your finances from anywhere.
    • Collaboration Tools: Enhanced collaboration tools can let you work more effectively with your team and accountant.

    Join the Gbooks.io. Revolution

    Kanakkupillai welcomes businesses of all sizes to take advantage of Gbooks.io. Gbooks.io has the tools you need to manage your finances and propel your company ahead, regardless of your size—small business owner, freelancer, or developing enterprise.

    Special Launch Offer

    The company is celebrating the launch with a special freemium offer for Gbooks.io first-year subscription. Enjoy free access and unlock additional features with their premium plans. Enroll now and experience the future of small business accounting!

    Visit Gbooks.io to start and learn more!

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  • Joining Forces With Sebi, Ather Energy Sets Sights on INR 3,100 Crore in Fresh IPO

    Ather Energy, a maker of electric two-wheelers, has sent its DRHP to Sebi to launch an initial public offering (IPO).

    According to the DRHP, the investors and promoters would sell 2.2 crore equity shares in the anticipated first public offering (IPO), raising INR 3,100 crore.

    Capital expenditure for establishing an electric two-wheeler plant in Maharashtra, investment in R&D, marketing campaigns, loan repayment, and general business objectives are among the many intended uses of the fresh issue proceeds.

    Organizations such as IITM Incubation Cell, IITMS Rural Technology and Business Incubator, 3State Ventures Pte Ltd, Caladium Investment Pte Ltd, and National Investment and Infrastructure Fund II participate in the OFS.

    Second Electric Two Wheeler Company to Go Public

    Immediately following Ola Electric Mobility’s initial public offering (IPO) of INR 6,145 crore, which was submitted in August, Ather Energy is the second electric two-wheeler startup that is looking to go public. A fresh issuance of up to INR 5,500 crore and an OFS of up to 8,49,41,997 equity shares were both part of Ola Electric’s initial public offering (IPO), which was also the first issue by an automobile manufacturer in India in more than twenty years.

    There are a total of seven different variations available for the Ather 450 and the Ather Rizta, which are the two product lines that are currently included in Ather Energy’s inventory.

    An ecosystem of products, which includes charging infrastructure, accessories, and the Atherstack, provides support for the E2Ws that are manufactured by Ather Energy. Axis Capital, HSBC Securities and Capital Markets (India) Pvt Ltd, JM Financial, and Nomura Financial Advisory Securities (India) Pvt Ltd are the companies that are in charge of the book-running for the offering.

    Financial Report Card of Ather

    According to the DRHP, the company sold 109,577 E2Ws during the most recent fiscal year, which is an increase over the previous fiscal year’s total of 92,093 units and the previous fiscal year’s total of 23,402 units. Its revenue from operations in FY24 was determined to be INR 1,753.8 crore, which is a decrease from the previous year’s figure of INR 1,780.9 crore. In comparison to the previous fiscal year, when it had a net loss of INR 864.5 crore, it now has a net loss of INR 1,059.7 crore.

    The OFS component will involve the sale of 10 lakh equity shares by each of the promoters, Tarun Mehta and Swapnil Jain. Both of them currently possess a stake in the company that is equivalent to 6.63 percent. On the other hand, Hero MotoCorp Ltd., which holds 37.20 percent of the company’s outstanding shares, will not be selling any of them.

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  • After Meeting with Prime Minister Modi, Top Semiconductor CEOs Expressed Their Gratitude

    At 7, Lok Kalyan Marg on 11 September 2024, Narendra Modi, the prime minister of India, presided over the Semiconductor Executives’ Roundtable. A broad variety of topics about the semiconductor industry were covered by the prime minister. PM Modi discussed the potential of this industry to advance Earth’s growth path. In addition, he emphasized how India is becoming an attractive investment location due to the reforms that are currently underway.

    The chief executive officers praised India’s efforts to expand the semiconductor industry and said that the gathering of industry heavyweights here today was a first.

    Key Pillars of India’s Development Strategy

    Improving physical, digital, and social infrastructure; encouraging inclusive growth; lowering regulatory burdens; and drawing investments in manufacturing and innovation were among Modi’s main points during the summit, which formed the basis of India’s development plan. He highlighted India’s ability to join a diverse global semiconductor supply chain as a dependable partner, thanks to its trained workforce and expanding talent pool.

    The head of state assured the business leaders of a steady and predictable policy environment while reiterating the government’s pledge to back the sector through its ‘Make in India‘ and ‘Make for the World’ programmes. Modi added that India is trying to attract high-tech investments and that the government will step up its efforts in response to the positive response from semiconductor industry executives.

    Acknowledging the government of India, Chandan Kumar GV, Vice President, Client Engagement at Indxx stated, “India currently grapples with a significant shortfall in chip manufacturing, leading to heavy reliance on imports. To address this challenge, the government has adeptly seized the opportunity presented by global supply chain disruptions from the pandemic to position India as a viable alternative to China in the semiconductor market. Central to this strategy is the India Semiconductor Mission (ISM), which aims to develop a robust domestic semiconductor ecosystem and lessen dependence on foreign technology.”

    “The ISM launched in December 2021 with an initial allocation of Rs. 76,000 crore (US$ 9.2 billion) represents a bold step toward transforming the sector. This initiative includes substantial government support, covering up to 50% of project costs through schemes like the Semiconductor Fab Scheme and Display Fab Scheme,” he added.

    Attendees of the Roundtable and Their Confidence in India

    Many prominent semiconductor companies’ CEOs and executives were present at the roundtable, including SEMI, Micron, NXP, PSMC, Renesas, Applied Materials, and countless more. Notable faculty members from Stanford, UC San Diego, and IIT Bhubaneswar were also in attendance.

    Not just in terms of manufacturing, but also in terms of the production of raw materials, attendees voiced their opinion that India possesses the potential to become a worldwide powerhouse in the semiconductor supply chain. The corporate business leaders all agreed that India is the new investment destination, a belief that was strengthened by their pleasant experiences with Prime Minister Modi in the past.

    India Backing the Semiconductor Industry

    The plan to build a semiconductor factory in Sanand, Gujarat, with a daily chip manufacturing capacity of 6 million and an investment of INR 3,300 crore was given the green light by the Union Cabinet on September 2. The unit is a part of a larger government programme that includes four other semiconductor facilities in the works in Gujarat and Assam. These plants have a combined investment of around INR 1.5 lakh crore and can produce 70 million chips per day.

    The upcoming SEMICON India 2024, which is scheduled to be hosted in Greater Noida, will also showcase the country’s advances in the burgeoning semiconductor ecosystem.

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  • YouTube Prevents Adolescents From Viewing Dangerous Health Videos by Revising Its Algorithm

    In a dramatic attempt to protect adolescents from potentially hazardous information, YouTube has stated it will no longer recommend videos to users aged 13 to 17 that advocate certain physical ideals or fitness routines. The dangers of prolonged exposure to such material have been brought to the attention of experts, whose worries have led to this policy revision. Teens can still watch these videos, but YouTube won’t recommend them anything similar.

    How Did YouTube Arrive at This Decision?

    YouTube’s worldwide head of health, Dr. Garth Graham, provided an explanation of the reasoning behind this policy change, which is as follows: As adolescents navigate their self-identity and personal standards, persistent exposure to idealised physical norms can create unrealistic self-expectations, which may lead to poor self-perceptions. This can be a challenging development for adolescents.

    The Amended Guidelines Target Content That Celebrates Certain Physical Traits

    Specific content that encourages social hostility, promotes particular training routines, or glorifies certain physical traits is explicitly targeted by the updated standards. It is possible that a single video does not pose a major risk; nevertheless, frequent exposure to information of this nature has been identified as having the potential to cause harm. This policy is now in place all over the world, including in the United States and the United Kingdom. It is a reflection of the recently passed Online Safety Act in the United Kingdom, which mandates that technology companies protect young users from any potentially dangerous information and investigate the potential effects of their algorithms.

    In addition, the necessity of taking prompt action is further supported by the fact that adolescents are frequently exposed to information that idealises harmful norms or behaviours. This content can reinforce negative messages, which in turn can influence how adolescents perceive themselves.

    Examples of beauty routines that fall under these parameters include those that are designed to make a person’s nose appear thinner, as well as those that encourage a particular appearance through physical activity.

    YouTube Advisor Stresses Needed ‘Guardrails’ for Young Users

    A YouTube adviser and therapist named Allison Briscoe-Smith stressed the significance of these “guardrails.”

    According to her, some kids’ self-perception could be affected by the prevalence of information that promotes unhealthy ideals or behaviours.

    All throughout the world, people are starting to follow the new rules. The UK’s recently passed Online Safety Act makes the measures all the more important, requiring tech companies to protect children from harmful content and think about how their algorithms can expose people under the age of 18 to inappropriate content.

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  • Launch of a Billionaire’s Private Crew on a Milestone Spacewalk Mission by SpaceX

    On 10 September 2024, four private individuals embarked on a five-day mission called Polaris Dawn in a modified SpaceX Crew Dragon capsule. The mission’s goals include conducting the first private spacewalk and testing new types of spacesuits.

    Takeoff occurred at approximately 5:23 a.m. EST (0923 GMT) from NASA’s Kennedy Space Centre in Florida. The crew consisted of a billionaire entrepreneur, a retired military fighter pilot, and two workers of SpaceX.

    After around ninety-five minutes, the spacecraft entered orbit, and as the crew began to feel the effects of free fall, or zero gravity, they playfully tossed a small plush astronaut toy dog around. Three minutes later, the Crew Dragon spacecraft detached from its supporting trunk, and the cameras inside showed an amazing picture of the Earth lit up by the sun.

    By radio, SpaceX Launch Director Frank Messina reminded the crew that their bravery illuminates the path for future explorers as they looked towards the North Star. “Sending you hugs from the ground, we have faith in your abilities, courage, and collaboration to complete the upcoming task,” he said.

    The Most Dangerous Mission of Crew Dragon

    This special mission is the fifth and most dangerous one that Crew Dragon has undertaken. By the time the spacecraft reaches its final orbital phase, it will have traveled the furthest any human has gone since the Apollo moon landings in 1972, with a range of 190 km (118 miles) near Earth and 1,400 km (870 miles) beyond.

    A minor helium leak in ground equipment on SpaceX’s launchpad caused the postponement of a launch attempt last month, just hours before liftoff. After SpaceX repaired the leak, the launch of Polaris was further delayed when U.S. regulators grounded the company’s Falcon 9 due to a booster recovery failure on an unrelated mission.

    Previous spacewalks were conducted solely by government astronauts who were highly trained and financially supported. Since its establishment in 2000, there have been around 270 astronauts on the International Space Station (ISS), with 16 of those astronauts hailing from China and stationed on Beijing’s Tiangong space station.

    Third-Day Spacewalk Scheduled

    On the third day of the mission, at an altitude of 700 km, the Polaris Dawn spacewalk is scheduled to take place, and it is expected to last approximately 20 minutes. All four men will depend on their slimmed-down, SpaceX-built spacesuits for oxygen as the entire cabin of SpaceX’s Crew Dragon craft is gradually depressurised.

    The vessel lacks an airlock, unlike the International Space Station. Similar to the method intended for Polaris Dawn, the first U.S. spacewalk was place in 1965 aboard a Gemini spacecraft. The astronaut in a spacesuit was tethered to the outside when the hatch was opened and the pressure within the capsule was reduced.

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  • Former Reliance Jio Exec Introduces $130M Fund for Tech-Driven Startups

    On 10 September 2024, the venture capital firm Playbook Partners, which was established by Vikas Choudhury, a former president of Jio and an investor in startups, announced that the first closure of its $250 million growth capital fund had been completed at more than $130 million. The fund will provide financial support to growth-stage, technology-enabled businesses operating in big addressable markets that have good operating margins and high growth. The fund will be raised from global investors from Europe, the United States, the Middle East, and India.

    In addition to holding interests in firms such as inMobi, Myntra, Fractal, Nazara, PolicyBazaar, Rapido, and others, Choudhury is also a shareholder in ten unicorns, initial public offerings, and exits.

    Vikas Choudhury, who was speaking about the new fund, stated that the strategy is not simply to fund, but to generate – cash, connections, and strategic insight – the necessary resources for visionary enterprises to master the art of scaling and institutionalize their leading position.

    People Who Are Backing the Venture

    Operating partners Manish Choksi (Asian Paints), Aakash Chaudhry (Aakash Education), and Milan Sheth (Ex Automation Anywhere) are among the backers. These individuals have expressed their participation either through their family offices or in their capacity.

    Among the members of the fund’s advisory board are Naveen Tewari (inMobi), Nitish Mittersain (Nazara), Sushil Jiwarajka (Ericsson), Dileep Choksi (Ex Deloitte), and Priti Rathi Gupta (Anand Rathi Group). Dushyant Singh, who formerly worked at McKinsey & Co., and Sumit Jain, who formerly worked for Sistema Asia Capital and Kalaari Capital, are members of the fund’s senior investing team.

    Before that, Choudhury served as the Chief Executive Officer of AIMIA, a loyalty analytics company, in India till 2017. According to the information provided on his LinkedIn profile, he was also a partner in the multi-family office Pivot Ventures, which specialized in alternative investments, until the year 2023.

    India will be responsible for more than fifteen percent of the total growth of the world economy over the next ten years, thanks to the fivefold expansion of the digital economy, which will reach over one trillion dollars. According to Choudhury, the mission of the company is to provide India with the means to expand and transform at an aspirational scale.

    What Playbook Does?

    “Playbook Partners” is a company that specializes in operator-driven growth capital (GC) for the digital India market. With its headquarters in Mumbai, the company makes investments in growth-stage businesses that are enabled by technology and have shown that they have positive unit economics and are sustainably scaling to market leadership. The company exemplifies the “art of scale” by combining finance with the capability to provide India’s most promising entrepreneurs with the fuel they need to succeed through a combination of data-driven and strategic approaches. Aspirational India is the target of this initiative, which focuses on digital transformation themes such as distribution and disruption, to promote consumption and innovation.

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  • Awfis, a Provider of Flexible Workspaces, Has Decided to Sell off Its Facility Management Division

    The facility management division of Awfis Space Solutions Limited, which provides flexible workspaces, has been sold to SMS Integrated Facility Services Private Limited for a fee of INR 27.5 crore under a business transfer agreement. This deal, which Awfis has been working with exclusively through Maple Capital Advisors, is set to close in 120 days.

    Samara Capital’s SMS Integrated Facility Services (SMS IFS) Private Limited ranks high among the best-integrated facility management companies in India. Across Tier 1, Tier 2, and Tier 3 cities in India, it oversees more than 5,000 facilities for over 500 clients and employs over 21,000 people.

    Sustainability advice, technical and managed services, and soft services are just a few of the many integrated facilities management offerings it makes available. For this deal, Awfis retained the services of Singhania & Co.

    How Awfis Will Benefit From This Deal

    While adhering to the highest standards of compliance and governance, Awfis will be able to reap the benefits of the experience of a specialised player such as SMS, which possesses specific strengths in the areas of people management, digital operations, and facility cost efficiency. The administrative overheads of Awfis will be reduced, compliance requirements will be reduced, and operational efficiencies will be improved as a result of this change.

    The Deal Will Enhance the Working Capital of Awfis

    The deal will build up working capital, which will contribute to an improvement in the working capital cycle. This will be a cash flow accretive transaction. The company will have more financial flexibility as a result of this improved liquidity, which will allow it to invest more dollars in growth and expansion.

    Amit Ramani, Managing Director and Chairman of Awfis Space Solutions, stated that by forming a partnership with a specialist such as SMS, company will be able to effectively allocate its capital and management resources towards key priorities. These priorities include strengthening firm’s position in the market for flexible workspaces, expanding its network, and driving innovation in customer experience and technology integration.

    About Awfis

    In terms of total centres, Awfis Space Solutions Ltd. (‘Awfis’) is the biggest provider of flexible workspace solutions in India (as of December 31, 2023). Startups, small and medium enterprises (“SMEs”), big organisations, and multinational corporations all rely on its flexible workspace solutions, which cover a range from individual desks to fully tailored office spaces. The seat groups that firm’s flexible workplace solutions can accommodate vary greatly, from one to multiple seats, and its clients can contract them for periods ranging from an hour to several years. From Awfis’ humble beginnings as a shared office space, it has grown into a comprehensive platform for office solutions.

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  • Innovative Approaches to Asthma Research: Leveraging Data from Clinical Trials Insights From Bushra Sumra

    Asthma research is undergoing a groundbreaking transformation, marked by innovative approaches that harness the power of data derived from clinical trials to advance our understanding and management of this complex condition. By utilizing advanced statistical tools and technologies, researchers are delving deeper into the nuances of asthma, uncovering insights that were previously difficult to attain. These data-driven methods are not only improving the accuracy and efficiency of treatment assessments but are also enhancing the overall design and execution of clinical trials, ensuring more reliable and actionable results.

    Furthermore, collaborative efforts between clinicians and researchers are playing a pivotal role in accelerating the progress of asthma research. Such partnerships are fostering synergies that bridge the gap between theoretical findings and practical applications, ultimately translating into improved patient outcomes. At the heart of these advancements lies the growing emphasis on personalized medicine, which tailors treatment plans to the unique genetic, environmental, and lifestyle factors of each patient. This individualized approach is set to revolutionize asthma care, enabling more effective management strategies that address the specific needs of diverse patient populations.

    As asthma continues to pose significant public health challenges worldwide, these innovative methodologies offer a beacon of hope. By focusing on data-driven solutions and fostering global collaboration in clinical research, the field is poised to make substantial strides toward reducing the burden of asthma and improving the quality of life for millions of individuals affected by the condition. This promising direction underscores the importance of continued investment in research and technology to combat this widespread respiratory ailment.

    Dr. Bushra Sumra, a dedicated medical doctor with a Bachelor’s degree in Medicine and Surgery from the University of Nairobi (2017), has made significant strides in advancing asthma care and research. Motivated by her personal experience as a mother to a child with frequent asthma flares, Dr. Sumra has combined her clinical expertise with a relentless pursuit of knowledge. She is currently pursuing a Master’s degree in Infectious Diseases from the University of London, equipping her to better understand and address infectious triggers of airway hypersensitivity, such as Respiratory Syncytial Virus (RSV). Additionally, her postgraduate certification in Clinical Research from Harvard Medical School (FCR 2024) includes an e-poster presentation on The Impact of Asthma on School Absenteeism Among Rural Malawian Children.

    Reportedly, Dr. Sumra’s impact at her workplace is marked by her ability to blend clinical practice with data-driven insights. She has utilized statistical tools like SPSS and STATA to analyze clinical trial data, leading to a 25% improvement in treatment assessment efficiency. Her efforts to foster collaboration between clinicians and researchers have expedited research progress and improved patient outcomes, demonstrating her role as a vital contributor to her organization.

    Her projects reflect a deep commitment to patient education. As a clinical practitioner, she identified that nearly 30% of patients were misusing asthma medication, often due to improper inhaler techniques. This lack of knowledge frequently resulted in perceived treatment failures and increased healthcare visits. By addressing these gaps, Dr. Sumra significantly improved patient compliance and reduced treatment failures, saving time and costs for both patients and healthcare systems.

    In clinical research, she served as a study coordinator for a double-blind asthma trial, where she refined source documents and ensured accurate and timely data collection. This debut study enhanced her understanding of clinical trial processes and underscored her ability to navigate complex research projects.

    Dr. Sumra has also successfully tackled challenges, particularly resource limitations in low-income settings. By employing cost-effective tools for data management and analysis, she mitigated the effects of these constraints. The COVID-19 pandemic posed another hurdle, as asthma exacerbations spiked among patients. However, with the advent of vaccination, these complications have seen a decline, marking a turning point in managing respiratory conditions during global health crises.

    Moreover, her published works include Impact of Asthma on School Absenteeism Among Rural Malawian Children Aged 6-8: A Comparative Study (Peeref, 2024) and Prevalence of Comorbid ADHD and Asthma in Pediatric Populations (Progress in Medical Sciences, 2022). These contributions highlight her dedication to addressing the multifaceted challenges of asthma in diverse populations.

    Looking ahead, Dr. Sumra champions the principles of personalized medicine, advocating for tailored treatment plans that consider the unique genetic, environmental, and clinical profiles of each patient. She also emphasizes the need for global collaboration in clinical trials to address asthma as a pressing public health burden. As a seasoned professional, she envisions a future where innovative treatments, informed by data and global partnerships, transform asthma care into a more precise and patient-centered practice.

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  • Apple Supplier Jabil Plans Trichy Electronics Manufacturing Worth INR 2,000 Crore

    A statement from the state government of Tamil Nadu stated that the electronic component supply company Jabil intends to invest INR 2,000 crore to establish a manufacturing plant in Trichy, resulting in the creation of around 5,000 employment opportunities in the state.

    On September 10, in the United States, the supplier to Apple, Cisco, and HP signed a contract with the state, with Chief Minister MK Stalin in attendance. Stalin posted on X, confirming the investment request and stating that important investments had been acquired for the industrial prosperity of Tamil Nadu! Jabil, a world-renowned EMS provider, has made a massive investment of INR 2,000 crore in Tiruchirapalli. A new cluster for electronics manufacturing will be formed, and 5,000 employment opportunities will be created as a result of this.

    Tamil Nadu Has Become Apple Suppliers’ Hub

    All of the key Apple suppliers, including Foxconn, Pegatron, Tata Electronics, and Jabil, will be located within the state as a result of this. The announcement stated that this would result in the transformation of Trichy and the creation of a new electronics hub.

    Additionally, the Chief Minister stated that Rockwell Automation is expanding its manufacturing plans in the state by investing INR 666 crore in Kanchipuram, which will create 365 new jobs. A memorandum of understanding has been signed with Autodesk to “skill youth and boost MSMEs and startups, strengthening our overall industrial ecosystem.”

    Following the signing of deals with Nokia, PayPal, Applied Materials, Yield Engineering Systems, Microchip, and Infinx on August 30, the government of Tamil Nadu has now inked agreements with these companies. The agreements were signed by Chief Minister MK Stalin and Industries Minister TRB Rajaa, both of whom are currently in the United States.

    CM Encouraging Investors to Invest More

    An R&D center for Nokia, which will be one of their largest fixed network test beds in the world, will be established at SIPCOT in Siruseri, Chengalpattu, for INR 450 crore. The center will be used for the development of innovations in 10G, 25G, 50G, and 100G PON, as well as fixed wireless access and MDU solutions. The institution will also generate 100 jobs, according to a statement released by the state industries department.

    Furthermore, CM Stalin on September 8th extended an invitation to senior officials of BNY Mellon Corporation (The Bank of New York Mellon Corporation) to make fresh investments in the state.

    A conversation about the exploration of new investment prospects in artificial intelligence was held on September 7 with BNY Mellon by the CM, who is presently on a tour of the United States.

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