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  • Popular Subsidiaries Of The Walt Disney Company

    For the people born in the 21st century, Disney has been the main part of our childhood, we grew up watching their cartoons and animated movies. Disney which is also known as the Walt Disney Company is an American conglomerate which is headquartered in Burbank, California. The company is a leader in the sectors of entertainment and one of the largest media companies because of its subsidiaries and acquisitions like ABC, ESPN, Pixar, 21st Century Fox, Lucas Films, Marvel, National Geographic, etc. The company is known to have over 210,000 people and generated total revenue of $65.39 Billion in 2020 alone.

    The company was founded by the famed Disney brothers, Walt and Roy Disney in the year of 1923. The new CEO of the company is Bob Chapek. The company is popular for its International theme parks, an animation studio that has made iconic movies, numerous business franchises, top-notch media and entertainment under its belt. Disney’s business is divided among its different acquisitions and subsidiaries.

    The four main parts are Disney’s media networks: Parks, Resorts, experiences and products; Studio and entertainment and direct to consumer and international. Walt Disney is usually given the credit of being one of the pioneers in film making.

    The company is not only one of the best in the animation industry but also live-action film production and television. The company is also into publishing, consumer products, and international operations and is recently getting big in the sector of the direct-to-consumer with Over The Top/streaming services like Disney+, Hulu, ESPN+, and Hotstar.

    It so far has 14 theme parks, many resort hotels, cruise lines across the world among which the most popular are the Disney theme parks and amusement parks. Disney created the iconic character Mickey Mouse (the first sound cartoon) in 1928 that is recognized by everyone around the world.

    A Brief History of the Walt Disney Company
    The Walt Disney Subsidiaries and Acquisitions
    Disney Media and Entertainment Distribution
    The Walt Disney Parks, Experiences and Products
    The Walt Disney Studios
    The Main Subsidiaries under Walt Disney studios
    FAQ

    A Brief History of the Walt Disney Company

    The Walt Disney Company was created by Walt and Roy Disney, they first opened the Disney Brother Cartoon Studio in Hollywood, California in October 1923. After that Walt Disney started drawing cartoons for many publications and became interested in animation during this time period. They then went on to produce short films like Laugh O Gram and Alice’s wonderland. In 1928 it came out with the Steamboat Willie, which introduced the first sound cartoon Mickey Mouse, today Mickey Mouse is one of the most recognized cartoons around the world.

    The next hit by them was the famous Snow White and the seven Dwarfs in 1937 which was a chart buster. In the 1950s the company made its first live action film called Treasure Island, then made the animated movies of Cinderella and the series of Mickey Mouse Club which catapulted the company into the limelight.

    Walt Disney passed away in 1966 and was survived by Roy Disney who continued the supervision of the company. By that time Disney had already opened many theme parks but its first international theme park was opened in 1982.

    In 1980’s the company started its own channel (Disney Channel) on Cable TV. Michael D Eisner became its chairman in 1984 and helped the company grow to new heights. Since then the company continued making show stopping movies which was acclaimed by everyone and at the same time helped the animation industry grow.

    It then diversified into other sectors like the Action film production, television and theme parks. The animation studio changed its name to the Walt Disney Production in 1986 so it could focus on its different sectors which were theater, radio, music, merchandising, publishing and media.

    Net income of Walt Disney
    Net income of Walt Disney

    The Walt Disney Subsidiaries and Acquisitions

    In the 1950’s it built many hotels, amusement/theme parks and started acquiring many media and entertainment properties in the 90s. In 2006, the company acquired Pixar which is known for making digital animated movies like Toy Story, Finding Nemo, The Incredibles, etc. In 2009, Disney sold Miramax Studios in order to downsize the Touchstone Pictures. The same year it also brought Marvel Entertainment which is known for making many superhero franchises like Iron Man, Spiderman, Deadpool, etc. Disney also acquired Lucasfilm in 2012 which is known for the Star Wars franchise.

    The company now owns the big names in the entertainment and media industries like ABC broadcast television network, ESPN, A+E Networks, Pixar, Marvel Studios, Lucas films, 20th FOX, etc. The company started with a couple of animators who made short children cartoon films, today is one of the most popular companies in the world. The company is trying to make it corporate because it wants to market to a larger audience by providing mature content. The company subsidiaries and acquisitions are divided under three main business sections which are:

    • Disney Media and Entertainment Distribution
    • The Walt Disney Parks, Experiences and Products
    • Walt Disney Studio

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    Disney Media and Entertainment Distribution

    This division is headed by Kareem Daniel and is mainly responsible for the distribution, operations, sales, advertising and promoting the other three sectors of Disney which are its Parks and products, Walt Disney Studios, Disney’s Entertainment Sector and Sports sector.

    This division was formed in October 2020. This sector also manages the Disney’s direct to consumer business which includes its various streaming platforms. The main OTT/ streaming platforms of Disney are Disney+, Hulu, ESPN+ and Hotstar. This also manages other sectors of Disney international holding such as Star India and other television networks, Disney’s music group and the company’s media distribution.

    Disney +

    Disney plus is an OTT and subscription-based video on demand service that is owned and operated by Disney. It was made available in India through Hotstar in April 2020 and then rebranded in as Disney+Hotstar. This platform was initially made to distribute films and televisions shows that are made from its wide range of its entertainment companies under Disney which are the Walt Disney Studios, Walt Disney Television and subsidiaries Pixar, Marvel, Star Wars and National Geographic and more.

    Disney plus was launched in November 2019 for US, Canada, Australia, New Zealand and September 2020 for the European countries, November 2020 for Latin American countries. As of January 2021, the platform has over 94.9 million subscriptions. The cost of Disney+ in the US costs $6.99 per month and $69.99 per annum, while in India the Disney+ Hotstar VIP is Rs. 399 per year and Disney+ Hotstar Premium costs Rs. 299 per month/Rs 1,499 per year. Disney+ is now one of top ten OTT platform in the world.

    Hulu

    Hulu is also one of most well know OTT platform/ subscription video on demand service that is owned by both The Walt Disney Company and Comcast’s NBC Universal according to equity. In 2010, Hulu became the first OTT platform to upgrade to plus that provided extra services like earlier access to episodes and programs from different partners.

    As of December 2020, Hulu had over 16.6 million subscribers. It was only in 2019 that Hulu was brought by Disney as it then acquired the 21st Century giving it the 60% majority stake. The other stake holder of Hulu is comcast which made a deal with Disney to purchase 33% stake in the company by 2024. The cost of Hulu basic in the US is $5.99 per month, with the Premium costing $11.99 per month, however Hulu is not available in India.

    Hulu Subscribers 2015 to 2020
    Hulu Subscribers 2015 to 2020

    ESPN+

    ESPN plus is the OTT/subscription video streaming service that is the online version of the ESPN TV channel. ESPN+ is owned by Disney in partnership with the ESPN Inc. ESPN is also one of the most known OTT platforms in the US. Like Hulu and Disney plus, ESPN plus also uses the technology of the company’s subsidiary the BAMTech.

    Unlike the TV version the ESPN+ covers sports such as the Golf, Cricket, Rugby, Soccer, Combat sports like top rank boxing, hockey league, other basketball leagues that are sometimes exclusive and not aired on TV.  As of November 2020, ESPN plus has over 10.3 million subscribers. The cost of ESPN+ in the US is $6 per month and $60 annual.

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    The Walt Disney Parks, Experiences and Products

    The Disney Parks, Experiences and Products are one of the most important parts of the company. This sector mainly includes Walt Disney’s Theme parks/amusement parks, cruise lines, resorts and other consumer products. Josh D’Amaro is the head of this division. Some of the most popular holdings are the Walt Disney World, Disneyland resort, Tokyo Disney Resort, Disneyland Paris, Hongkong Disneyland Resort, Shanghai Disney Resort, Disney Vacation Club, Disney Cruise Line and Adventures of Disney.

    The company uses its own and its subsidiary’s brands and franchise such as Disney studios, Marvel, LucasFilms, Pixar, ESPN, 20th FOX and the National Geographic and incorporates in its holding in order to create magical moments for its visitors. It makes global products in 100 categories such as figures, toys, jewellery, tech, etc that bring stories and characters to life.

    Disney is also known to be one of the leading providers of family’s travel and leisure experiences with the help of 6 international resort destinations, 12 theme parks and 53 resorts.

    Disney is also known for making high quality games on mobile and console platforms for all ages which are based on the character’s and stories it owns. The company’s publishing sector is the world largest publisher especially for the children books and magazines. It is also a leader in licensing as it is present in 68 countries and done in 45 languages. It also has a top-rated cruise line that is popular and other unique vacation experiences like vacation clubs and adventures by Disney.

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    The Walt Disney Studios

    One of the main divisions of Disney’s business as it has many of its main acquisitions and subsidiaries under it. The Walt Disney Studio consists of big names in the film and entertainment industry besides Walt Disney Pictures and Walt Disney Animation Studios such as the Pixar, Marvel Studios, LucasFilms, 21th Century FOX, Blue Sky Studios and Searchlight Pictures. The studios were founded in 1923 and is one of the oldest film studios now headed by Alan Bergman.

    Disney is known to have a industry record of about $13.2 billion at the global box office thanks to its subsidiaries. Six of the top ten highest grossing films worldwide are produced under Disney as they also have two of the highest grossing film franchises of all time.

    Disney also has two further division which are the Disney general Entertainment Content and the ESPN and sports content. These both are integral part of the company and have companies like ABC signature and ABC news, Fox networks, National Geographic and ESPN under it.

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    21st Century Fox

    21st Century Fox is one of the biggest and popular media and entertainment company that was acquired by Disney in March of 2019 for $71 billion. Earlier know as 20th Century Fox the News corporation was under Robert Murdoch. The 20th Century studios was one of the best American film studios for more than 80 years.

    The company was initially formed in 1935 with the merging of Fox Film Corporation and 20th Century Pictures. In 1985, the company became the 20th Century Fox because it was acquired by a news corporation then spilt again 2013.

    It then changed its name to 21st century Fox in January of 2020, after the Disney acquisition. The company is headquartered in the Century City area of Los Angeles, California. When Disney brought the company its also got its franchises like its TV studios, The Fox networks, National Geographic, Hulu and international networks like Star. This acquisition was important for Disney as it helped the company cater to a larger audience by providing different content.   ‌

    ABC Broadcast Network

    This is one the most powerful media companies in the world that was acquired by Disney in July of 1995 for $19 billion dollars. The company was formed in 1985 after Capital Cities acquired ABC for $3.5 billion. It wasn’t until 1995, that Disney acquired the company bringing together the two leaders of media and entertainment together. After Disney acquired this company it also the control of many Tv channels, Radio stations, high equity in ESPN, History channel, A&E Network, etc.

    Disney acquired abc for $19 billion dollars
    Disney acquired abc for $19 billion dollars

    The company rebranded itself in 1996 as the ABC television group. It is now headquartered in Burbank California, while the headquarters of the news division is in New York City. ABC has over eight owned and operated main TV station and over 232 affiliated TV stations in the US alone.

    When it comes to the ABC News sector it is also one the best news channels in the world. Few of the most famous shows of ABC news are ABC tonight with David Muir, Good Morning America, Primetime, 20/20, Sunday morning political affairs program, Nightline, etc.

    Pixar Animation Studios

    Everybody has watched Pixar movies like Toy Story, Finding Nemo, Wall E, Cars, Ratatouille etc. Pixar one of the most recognized and acclaimed animation studio which was acquired by Disney in January 2006 for $7.4 billion. Pixar was created by the iconic Steve Jobs (former CEO and founder of Apple) in 1986. The company was formed when apple first brought the animation film technology of LucasFilms. Because of Steve Jobs effort Pixar became one of the biggest animation film producers.

    Steve jobs Bought Pixar in 1986.
    Steve jobs Bought Pixar in 1986.

    The company has its headquarters in Emeryville, California. Pixar has so far made 23 feature films and many short films with its most recent movie being the Soul in 2020. Pixar has earned over $14 billion at the worldwide box office un till 2019. 15 movies of Pixar like Toy Story, Finding Dory, Incredibles 2, Toy Story 4 are among the highest grossing animated movies of all time. The company has also awarded with 20 academy awards and 9 Golden Globe Awards including 11 Grammy’s and many other awards.

    Marvel Entertainment

    Marvel Movies like Spiderman, Ironman, Captain America, Thor, Civil War, Infinity War, have been a part of our life growing up. Marvel is an entertainment giant and one of the most globally loved film and television studio that was acquired by Disney in 2009 for $4 billion.

    The marvel studios are known for its movies that are based on superheroes of the marvel cinematic universe that characters taken from the original marvel comics. The company initially went through many ups and downs of many name changes, different ownership, bankruptcy, before becoming a household name.

    Marvel’s headquarters are based in New York. The company has over 5000 characters such as Spider Man, Iron Man, X men characters, Captain America, Fantastic Four characters, and many more in the marvel cinematic universe. The marvel Studios have till now produced 23 movies based on different superheroes and its most recent one being its first television series called WandaVision in 2021. There are many marvel movies that have crossed the $1 billion box office mark. A fun fact about Marvel is, In the early 1990s, Michael Jackson tried to purchase Marvel Comics, because he wanted to produce Spiderman to play as Peter parker.

    Michael Jackson tried to purchase Marvel comics
    Michael Jackson tried to purchase Marvel comics

    LucasFilms Ltd

    LucasFilms is also one the most famous Television and Film production company that was acquired by Disney in October 2012 for $4.1 billion. Lucas Film was first created in 1971 by the filmmaker George Lucas. LucasFilms has its headquarters in San Francisco, California. The studio is known for its popular and blockbuster franchises of Star Wars and Indiana Jones.

    LucasFilm Logo
    LucasFilm Logo

    The company has been credited for its development in the sectors of special effects, sound and computer animation. Disney acquired this company to cater to the need to a wider consumer base and to get an access to highest grossing franchises. Disney also has theme parks and resorts that are based on Star Wars.

    Who was the founder of Disney and When was it founded?

    The company was founded by the famed Disney brothers, Walt and Roy Disney in the year of 1923.

    What are the main sections of Disney’s business?

    Disney Media and Entertainment Distribution, The Walt Disney Parks, Experiences and Products and Walt Disney Studios are the main sections of Disney’s business.

    What are the top five subsidiaries of Walt Disney?

    LucasFilms Ltd, Marvel Entertainment, Pixar Animation Studios, ABC Broadcast Network and 21st Century Fox are the top five subsidiaries of Walt Disney.

    What are the Three main OTT/subscription video streaming service of Disney?

    Disney+, ESPN+, Hulu are the Three main OTT/subscription video streaming service of Disney.

    Conclusion

    Disney is one of the biggest entertainments and media conglomerates in the world. This is because the company has made strategic decisions in acquiring some of the biggest companies as its Subsidiaries. No matter which industry Disney has excelled at putting out its best work. The company is so successful because it managed to change the lives of people around the world. May it be movies or its amusement parks Disney has not failed in making peoples dreams into reality.

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  • Emerging Biogas Startups In India

    Most of the Indian cities are suffering due to the illegal dumping of waste. Municipal bodies are struggling with the increased costs of collecting and transporting wastes. A major part of this waste is organic waste. It causes landfills and generates a greenhouse gas named methane. Food waste, paper waste, green waste, sewage, manure, human waste, slaughterhouse waste, etc. are examples of organic waste.

    Statistics reveal that there are around 67 million metric tons of food waste annually are generated in India, which is valued around INR 92,000 crore. Also, it is growing at a rate of 8-10% per year. We can solve this problem by generating biogas from organic wastes.

    Biogas is a kind of biofuel that is generated from the decomposition of organic waste in the absence of oxygen (anaerobic environment). It releases a mixture of gases, primarily carbon dioxide and methane. This biogas that is generated, can then be used as a fuel used as an alternative to the traditionally used fuels, which will serve as a source of green energy. Biogas will provide energy in the form of heat and electricity for the local grid. Many startups of today, both nationally and internationally, are trying to extract biogas and use the same to reduce the abuse and the depletion of fossil fuels.

    So, let us discuss such biogas startups in India.

    Biogas startups
    1. Carbon Loops
    2. Vaayu-Mitra
    3. GPS Renewables
    4. Yellow Haze Energy
    5. Jsamey Biotech
    6. Carbonlites by Carbon Masters
    7. Quantum Green
    8. Banyan Nation
    Conclusion

    Biogas startups

    Biogas technology enables us to utilize organic wastes in an effective way. We can create productive resources with the help of that. The production of biogas from organic waste reduces the generation of greenhouse gas such as methane. Also, the production of biogas on farms can reduce the insects, odors, and pathogens related to conventional manure stockpiles. Some of the biogas startups in India are given below.

    Biogas technology enables us to utilize organic wastes in an effective way

    1. Carbon Loops

    Carbon Loops was founded by Kern Agarwal and Ranjani Prabakaran in 2017. The headquarters of the company is situated in Chennai, Tamil Nadu. The company works towards to tie up with educational institutions and corporates to segregate waste and make compost. This compost is sent to farmers in rural areas to improve the fertility of the soil.

    They started the business by sending the generated compost to farmers in Chennai. After, they progressed to making biogas plants to power the canteen kitchen at Loyola. The company had a turnover of ₹2 crores in the last 2 years. Today, they are planning to set up community biogas plants in Tiruvallur. It can be utilized to light up streets in the city.

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    2. Vaayu-Mitra

    Vaayu-Mitra was founded by Priyadarshan Sahasrabuddhe. He is an IIT-Bombay alumnus. The headquarters of the company is situated in Pune, India. The startup is putting forward the idea of making your own green fuel. They launched a product named Vaayu in 2017. It is a biofuel plant, which can install in homes easily. It is used to generate methane gas from organic waste.

    That can be utilized for cooking and other heating purposes. By using ‘Vaayu’, we can generate about 800 liters of biogas per day. It meets more than 70 percent of the fuel requirement of a house. That enables us to save about six LPG (Liquid Petroleum Gas) cylinders per year.

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    3. GPS Renewables

    GPS Renewables was founded by Sreekrishna Sankar and Mainak Chakraborty in 2012. They have a cloud-based plant health monitoring system. It makes sure <1% plant downtime at minimum operational cost, without the requirement of maintenance staff and operations. The company has entirely reinvented conventional biogas plants.

    Those biogas plants have a production efficiency in the range of 70 kg of LPG-equivalent per ton of waste. The headquarters of the company is situated in Bangalore, India. GPS Renewable offers a biogas plant named BioUrja. It produces double the biogas without the need for water. It is able to set up in 1/3rd the area requirement as compared to other conventional biogas technologies. Also, there will be no smell in the vicinity.

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    4. Yellow Haze Energy

    Yellow Haze Energy was founded by Jaideep Singh Shaktawat and Vibhav Vyas in 2018. The headquarters of the company is situated in Udaipur, Rajasthan. The company started with an aim to catalyze a shift to sustainable technologies via innovation in technology,  delivery, and finance models.

    The company mainly helps corporates and large industries to minimize the carbon footprint by incorporating different sustainable technologies like solar thermal for process heat, zero liquid discharge, solar power, etc. Also, the company provides solutions to convert food waste into biogas for institutions that have in-housing dining for more than 500 people and large food-mess.

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    5. Jsamey Biotech

    Jsamey Biotech was founded by Amey Marathe in 2018. The headquarters of the company is situated in Hyderabad, India. Amey Marathe worked as a chef for more than 14 years. Also, he is the vice president of the Telangana Chefs Association. He had the intention to do something with food waste.

    The company started with the aim of curb the food waste produced from the restaurants in India. They collected food waste from different restaurants and hotels in Hyderabad. Then, they converted that waste into biogas & nutritious organic fertilizer via the fermentation process. They sell compressed biogas at 48 INR per kg and organic manure at 8 INR per kg.

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    6. Carbonlites by Carbon Masters

    The startup named Carbon Masters is trying to decrease the amount of waste heading out of Bangalore. The company has joined up with residents and local authorities to collect kitchen waste and convert that into biogas. This generated fuel is sold to  IT parks, local restaurants, and corporate campuses.

    It is enabling to replace conventional fossil fuels used in cooking and decrease the emission of methane from landfills. Also, it helps to keep the city cleaner. Carbonlites Cylinder is a product of the company. It is the first branded, bottled bio-CNG of India. Also, it can be used for cooking purposes instead of LPG. Carbon Masters was founded by Kevin Houston and Som Narayan. Today, the company has offices in India, UK, and Ecuador.

    Potential feed sources for biogas plants

    7. Quantum Green

    Quantum Green was founded by Vinayaka Kashyap & Vinod Jaganathan in 2014. The headquarters of the company is situated in Bangalore, India. The company is mainly engaged in the design, installation, and supply of biogas plants for different applications ranging from household cooking to industrial cogeneration purposes such as bio-CNG bottling plants and power generation.

    Also, the company offers portable biogas plants for industrial canteens, individual households,  hotels that produce wastes up to 40 to 60 Kg per day. They have provided their service for Indan Navy, ISRO, Mother Dairy, Automotive Axles Limited, Spandana Hospitals, Acharya Institutes, etc.

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    8. Banyan Nation

    Banyan Nation is one of India’s first vertically integrated plastic recycling companies that helps global brands use more recycled plastic instead of virgin plastic. Our proprietary plastic cleaning technology converts collected post consumer and post industrial plastic waste into high quality recycled granules – Better Plastic™ – comparable in quality and performance to virgin plastic. Our award winning data intelligence platform integrates thousands of informal recyclers into our supply chain and also helps cities manage their waste more effectively.

    India produces hundreds and thousands of metric tonnes of plastic each year and unfortunately, this leads to an array of issues for every living organism that exists. So, restoring the ecological balance by reducing the usage of single-use plastic is essential to trot towards sustainable living.

    Conclusion

    Biogas is an eco-friendly and renewable source of energy. Biogas plants are useful for the environment and agriculture. It is also beneficial for consumers of electricity and heat. It is considered as an important method of waste management. The growth of the biogas industry will fulfill the preferences of agriculture and energy policies. Also, it can create new job opportunities and increase revenues from local taxes.

  • How will 5G Revolutionize the Indian Startup Industry?

    The Industrial Revolution of the 1800s came with unprecedented levels of production which greatly boosted the GDP per capita income of the economies in American and European nations. While this greatly reduced the need for imports in these Economies, Nations like India merely ended up as suppliers of raw materials and this had an adverse effect on the economy.

    From then till now, there has been a lot of technological revolutions but none has come close to the role digitization and mobile broadband play in the growth of the Indian industry. The world is in the midst of yet another revolutionary change with the Information communication and technology industry and its focus on mobile broadband and the imminent rise of 5G technology that is expected to serve as a catalyst in this sector.

    What is 5G
    Where does India stand among others
    Industries that 5G begins to impact
    Opportunities that 5G will provide to Startup Industry
    FAQ

    What is 5G

    5G is a 5th generation technology that offers wireless connectivity across virtually all people and devices including objects and machines. Compared to its predecessors, 5G offers speeds in the range of multi-Gbps and reduced delays while improving reliability to assist with a wide range of critical activities such as remote surgery, self-driving cars, and increased surveillance, by offering lighting speed data with which movies can be downloaded within just seconds.

    5G technology is all about the race to the future and whichever countries adopt this technology early in the race stands to gain a competitive edge among their rivals. However many countries are still early in their race to implement 5G networks due to the high cost and infrastructure required to implement the rollout of 5G technology.

    Which Country is Ahead in 5G
    Which country is ahead in 5G

    South Korea has been one of the successful early adopters of 5G technology. American and European countries are not far too behind and have been heavily implementing 5G technology across their networks. China has also launched its own fully operational 5G network.

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    Where does India stand among others

    The rollout of its predecessors such as 2G, 3G, and 4G had been extremely slow in India with major delays in its implementation and this raises some questions on how India will fare in the race to setup 5G networks.

    While the highly anticipated 5G is still in its planning phase, In December 2020, the chairman of Reliance Industries, Mukesh Ambani had revealed that his telecom company, Jio, would launch 5G networks in the second half of 2021 owing to native developed technology, hardware, and network components.

    With the rise of mobile usage and increased need for data services, the digital economy in India is expected to reach 1 trillion dollars by 2025. With nearly 1.2 billion mobile users and 560 million internet users, India is the second-largest internet in the world. With a stride of developments, India had taken in the past years to enable digital growth, 5G is expected to add more in empowering a Digital India.

    Industries that 5G begins to impact

    Agriculture, Healthcare, Education, Automobile, Retail, Banking, Sustainable Energy, Tech Enterprises, Automation, Artificial Intelligence, Logistics Industry, Smart cities & smart homes, Gaming & entertainment Industry and Industry 4.0 are some of the fields being drastically altered by 5G technology. These are just some of the use cases I have provided at this time and 5G is enabling to do much more.

    Majority of IoT devices of the future depend on 5G to provide connectivity and transfer massive sums of data to help companies bring more innovation. 5G is a major paradigm shift from 4G in the sense that 4G put the world in our hands and 5G seeks to do away with hands. IHS Economics projects that by the year 2035, 5G will enable around $12.3 trillion of the global economic output which from a business perspective will add a lot more jobs in the future.

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    Opportunities that 5G will provide to Startup Industry

    The key to the successful implementation of 5G networks lies in the telecom partnering together with startups to focus on driving innovation and disrupting the marketplace. The usage of 5G technology is unlike other technologies where you build the block and the uses present themselves rather 5G should be geared towards specific and focused use cases.

    Telecom ecosystem has a large responsibility to transition into 5G, they should be able to provide high speeds at zero near latency and should make it sustainable. Telecoms partnered with startup companies will likely lead to more use cases and new ideas being generated. For example, Radisys a company headquartered in the US which builds IoT and 5G product was acquired by Reliance Industries to help strengthen their 5G networks.

    Mymo, an Indian based startup that makes chipsets for 5G devices and Signal chip which makes chipsets for a 5G powered modem is taking on Qualcomm a global giant in the 5G chipset segment.

    FAQ

    When 5G will launch in India?

    5G will roll out in India by the end of 2021 or the beginning of 2022.

    When will Jio launch 5G?

    Jio is planning to roll out 5G in India in the second half of 2021.

    Which countries have 5G now?

    South Korea is the first country to deploy 5G network.

    Conclusion

    With all the hype surrounding 5G, it is easy to lose track of all the innovations it has to offer. The technological advances with 5G mean newer business models wherein it possible to decide and allocate resources over shared networks geared towards specific users to enhance their user experience without disturbing the existing users.

  • 6 Effective Tips to Become a Workaholic

    All of us would have some dreams in life. It would be achieving a goal, starting your business or reaching a greater position in your office, it can be anything. To achieve something in life you need to work hard. You are required to put extra efforts than usual to achieve it. You can easily put in extra efforts and be a workaholic if you love what you do.

    You need to stay committed and dedicated to your goals. Most importantly before being workaholic or even trying to be one you should ensure that you will set your goals right. The right set of goals will help you stay motivated.

    The following 6 tips will help you become a Workaholic:

    Tip 1 – Waking up early
    Tip 2 – Avoid Multitasking
    Tip 3 – Create To-do list
    Tip 4 – Taking frequent breaks
    Tip 5 – Keeping track of your time
    Tip 6 – Learn to say No

    1. Waking up early

    Tips to become Workaholic – Wake Early

    Most of the entrepreneurs wake up early. It is also said that successful people wake up early in the morning. Waking up early gives you a lot of benefits. It gives you a lot of time to concentrate on yourself. You can start your day with a 5-10 minutes of meditation.

    Waking up early morning will make you more productive and helps you stay energetic throughout the day. You will get a lot of time to do your personal works and be at the work on time. Reaching early to your office will give an impression that you are more dedicated and committed to your work.

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    2. Avoid Multitasking

    Research shows that when you try to multitask your productivity would reduce by 40%. It is equivalent to losing a night’s sleep. Multitasking is taking away your time to be more productive. It reduces the quality of your work.

    Most people cannot multitask no matter how talented ad organized they are. So always concentrating on a single piece of work with full attention will increase your productivity and you would be able to complete more work than usual.

    3. Create To-do list

    Create To-Do list to become a Workaholic

    To-do list helps you analyze your important tasks for the day. It can be an effective practice which would help you to be workaholic. Make sure you include utmost of 3-4 tasks per day and make sure you complete those at any cost.

    Creating a to-do list as soon as you wake up lets you understand how much of efforts you have to put during your day. It will help you stay concentrated on your important tasks in your day. You can also create a list on what you shouldn’t do so that you don’t get distracted from your important tasks. A to-do list will make you increase your productivity as you have a clear idea of what you should do.

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    4. Taking frequent breaks

    Research says that your brain can concentrate only for 90 minutes. Ensure that you take regular intervals in between your tasks or schedule your tasks in a way that you can take regular intervals so that your brain can stay concentrated.

    Taking a break in between your tasks helps you stay fresh and have the same energy throughout your day. It helps you stay concentrated and staying concentrated increases your productivity and the output of your work.

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    5. Keeping track of your time

    Most of the times we run out of time to complete our tasks and that is mainly because you dint keep a track of your time.

    Make sure you track the time you take to do a particular task; in this way you will know how much of time is needed to complete your tasks and you can schedule your tasks accordingly. You can realize the tasks which is consuming a lot of time and you can complete them more efficiently.

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    6. Learn to say No

    Say No – Tip to Become Workaholic

    Most of the times we say yes to our colleagues or you would find it hard to say no to people. It would be mainly because you fear you would lose a chance or you would fear about losing your relationship with the other person.

    But by saying yes to everyone you would be lose your focus on your work. Make sure you know what offer to accept and what to decline. Learn the art of saying No when it is necessary. By this you can stay concentrated on your work and become more productive. You can say No in a polite way or even make the other person understand your situation. You can explain them in a nice way.

    Conclusion

    By following the above tips, you can become a workaholic, but before that ensure the purpose or set your goals right. As I said earlier the right set of goals will make you stay motivated. So, it’s all about setting your goals right. Set your goals right and strive hard to achieve your goals by following the above tips. This will make you a workaholic.

  • Why Clubhouse is Going Viral

    The social media platform has another gem added to its treasure, called the Clubhouse. So to say in the pop culture lingo, the app is said to be “lit AF” since it’s in a hot spot of news and media. The app has also been making headlines for the security concerns of its users, its billion-dollar investments, and also for being kicked out by the Chinese government.

    Let us analyze what is Clubhouse and what the hype is all about.

    Clubhouse – Latest news
    Clubhouse – The App
    Is Clubhouse Jeopardizing the Security of its Users?
    Why is Clubhouse getting all the Attention? – Celebrity encounters
    “The Good Times Show”
    The Chinese Ban
    FAQs

    Clubhouse – Latest news

    February 22, 2021– Clubhouse has surpassed the 10 million mark for its downloads globally. India has witnessed 42000 installations of the app so far.

    February 14, 2021– “Join me for a Conversation”? Elon Musk invites Putin on Clubhouse.

    February 10, 2021– Clubhouse tops Japan’s download chart as CEOs and other top executives embrace app. Clubhouse has been downloaded on 440000 devices in Japan alone.

    February 11, 2021– Facebook is working on a similar app called the Fireside to compete with Clubhouse.

    Clubhouse – The App

    Clubhouse, founded a year ago, by silicon valley entrepreneur Paul Davison and ex-Google employee Rohan Seth, is an audio chat app that lets you talk, listen or join conversations happening in the “rooms” of the app. It has a 5000 members cap on every room that is created. If you want to speak, you can “raise your hand” and be brought up on the “stage” along with the moderator in charge of the room.

    The Clubhouse app is currently only available for iPhone users. According to the official website of Clubhouse, the developers are working on an android version of the app which will soon be made available.

    Clubhouse Logo
    Clubhouse Logo

    So once you are invited, you can listen as well as join conversations, discussions and interviews on various topics by entrepreneurs and artists alike. The conversations are live unlike podcasts and can be listened to or joined only while they are on air. You can listen to them while you are multitasking or join a group of listeners on a topic that fuels your curiosity.

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    Is Clubhouse Jeopardizing the Security of its Users?

    Well, the answer cannot be a legit yes but many of the users are bothered by how it demands access to all your contacts. This might not be a surprise as many of the social media apps have the same protocol, But Clubhouse has contact uploading requirements which might be uncomfortable to the users.

    The app shows recommendations to those people who have been blocked by other users. For example, if you are being harassed, and have blocked out the contact, Clubhouse lets that harasser know that you’re connected to them via app recommendations.

    Also, there are speculations that Clubhouse makes unencrypted recordings of the conversations happening in the virtual “rooms” which it claims to delete if anything happens beyond the status quo.

    Adding to the above, another observation is that Agora, the company that is behind the app’s infrastructure, is based in Shanghai. It concerns the users of privacy breach and the data being passed on to the Chinese government.

    Why is Clubhouse getting all the Attention? – Celebrity encounters

    For an app launched not less than a year ago, it is surprising that Tesla CEO Elon Musk decides to make an appearance. It doesn’t stop there, Facebook owner Mark Zuckerberg too joined the club.

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    “The Good Times Show”

    Roughly, a month ago a couple launched a show called “The Good Times Show” which has garnered popularity after it interviewed a few giants from the tech industry. “The Good Times Show” is hosted by a Facebook employee and her husband who is a newly named partner at Andreessen Horowitz.

    Elon Musk made an appearance on the show on January 31st where he spoke about his company SpaceX preparing for a Mars trip, about how artificial intelligence will slowly take over, his views on cryptocurrency, and the ongoing pandemic. It all went bananas when he brought on stage Robinhood CEO Vladimir Tenev for an interview. The interview was about the app’s role in the short squeeze of GameStop’s stocks.

    On February 4, the man in charge of the world’s largest social media network, Mark Zuckerberg appeared on the Clubhouse app. Signed in as “Zuck23”, Zuckerberg talked about futuristic technology from Facebook’s Reality Labs Group, which specializes in augmented reality, virtual reality and other platforms believed to be the future of human interaction.

    Clubhouse User Growth Over Time
    Clubhouse User Growth Over Time 

    The show further plans to schedule an interview with Elon Musk and rapper Kanye West. The maverick show has been doing new rounds of attention since it interviewed two tech leaders of the industry who are otherwise shy when it comes to media appearances. Clubhouse and “The Good Times Show” could be a new platform for world leaders and influencers to share their knowledge and expertise. It could be also a new media outlet for performers and artists.

    The Chinese Ban

    Shortly after a certain “room” on the Clubhouse was found discussing taboo topics such as Beijing’s placement of Uighurs in concentration camps in Xinjiang, Hong Kong’s pro-democracy movement and the 1989 Tiananmen Square protests — absorbing perspectives and information far outside the lines drawn by the Communist Party, the app was blocked by China.

    Top Clubhouse Markets by Downloads
    Top Clubhouse Markets by Downloads

    There are more than one billion internet users in China. But very few have access to iPhones. The access limits further as users need foreign-registered iPhones to download Clubhouse. Politics was one of the topics discussed that touched the wrong Chinese nerve. The government, afraid of the freewheeling of opinions of the citizens on an American app is troublesome enough and wasted no time in banning the app in China.

    Although, various tech-savvy groups from China, which included engineers, product managers, and several intellectuals have talked about making a similar app for their fellow citizens. However, many believe that the Chinese government would never give up that control.

    FAQs

    What is the Valuation of Clubhouse?

    Clubhouse reached a valuation of $1 billion as of January 24,2021.

    Is clubhouse only on Apple?

    According to the official website of Clubhouse, the developers are working on an android version of the app which will soon be made available.

    Who owns the clubhouse app?

    Clubhouse is developed by a Silicon Valley entrepreneur Paul Davison and ex-Google employee Rohan Seth.

    Conclusion

    When the app becomes available on android, it is going to create a much bigger flow of listeners voicing their opinions and sharing their stories on the platform that Clubhouse seems to provide. This could lead to many countries, afraid of their opinioned citizens, to prevent its use in their countries too.

    Nevertheless, its popularity is far from diminishing. As said earlier, Clubhouse could become a new media outlet and host various arguments and discussions that could change the course of activities around the world. It is on its way to reform the patterns of social media behavior and how we use it.

  • The Online Gaming Industry in India [Case Study]

    We all like to play games, as it is considered to be one of the most intriguing activities for amusement and leisure. Be it Candy crush or PUB-G the craze for games in India has been on top. It is often said that this fun activity has the power to make you happy as it increases your brain function, releases serotonin which is a chemical that makes us feel delightful.

    Well, the allure of playing games is not new, be it board games or virtual games, the excitement of it has always increased in India. After the technological advancement and the history of gaming has completely changed and transformed.

    The one prominent area which did not get relatively affected by the Covid-19 pandemic was the gaming industry all over the world. In fact, the pandemic lockdown gave a boost to this industry since people were forced to sit at their homes and explore some leisure activities.

    According to a survey, there was a 30% increased in traffic in online mobile gaming in India during this period. Also, Paytm First Games reported that they saw an increase of 200% in the users of this online gaming platform.

    Timeline of Gaming Industry
    The Current Gaming Scenario in India
    Gamers and their Preferences
    Top 10 online games in India
    Future of Gaming Industry in India
    FAQ

    Timeline of Gaming Industry

    18th Century: It was those times when people first discovered the concept of games in the Egyptian Dynasties. Later on in the 18th century as people started evolving the invention of card games and board games began to happen.

    19th Century: People realized this leisure activity can be commercialized. Also this time people became advanced with the facilities of printing and manufacturing and hence started to produce the more vibrant and rich card and board games. For the first time, Monopoly was introduced in the year 1902 which is still a big sensation today when it comes to board games.

    In the late 1930s, when computers were built the gaming advancements also began. The simple card games and board games were thought to be converted in the form of electronic means as well.

    1950s–1990s: This was the era when the very first computer games and video games started becoming popular. Home computers had built-in games and portable video games became trendy. When mobile phones were released in the late 1990’s people in India were crazy about games like ‘Snakes’ on Nokia phones.

    2000 – 2010: As the technology started upgrading and the mobile phones became better and better, the digital gaming industry valued around $5 billion.

    2011 – 2016: When the technology rapidly started growing, VR games were introduced to people. The evolution of cameras, graphics, and sound quality enhanced the user experience in the gaming industry.

    2016 – Today: Since 2016 till date, the global mobile gaming industry has never seen a huge downfall. Along with mobile phones, tablets, and laptops, people started purchasing specialized PCs that are designed to play heavy games with the most effective graphics and user interface. The trend of playing games professionally has also increased a lot in the Indian market.

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    The Current Gaming Scenario in India

    In the past few years, the gaming industry in India is flourishing tremendously. From $62 billion in 2019 to $90 billion in 2020, the market continues to grow in robust ways. During the lockdown, the major segments that contributed to the growth were esports, mobile gaming, and real money gaming. The gaming industry has also been very significant in creating numerous job opportunities for people.

    Today mobile gaming in India has reached millions of people. There are more than 600 million gamers around us and this is not going to stop anytime soon. India ranks 5th in engagement and awareness of gaming around the globe and this shows that people are totally involved in this segment.

    Value of the gaming industry in India from financial year 2015 to 2020
    Value of the gaming industry in India from financial year 2015 to 2020

    Gaming firms have now started earning handsome revenues from this sector by generating a huge volume of game downloads, shooting advertisements, and elevating user experience. These companies also charge their customers some amount for premium game packs, subscriptions, purchases of coins, and other such chargeable extensions.

    Gamers and their Preferences

    Even though many games are considered to be gender-neutral, but there are games that are specifically designed for males or females. Today over 80% of the gamers population is below the age of 24 years while only 8% of the people age above 40. Youngsters tend to your internet more and play online games. According to the statistics, over 83% of the gamers’ population is male while only 17% is female.

    While categorizing the genre of games, females prefer games that are related to puzzle or arcade games, whereas males prefer games that have action, sports, and thrill. Usually, such games are heavy in usage and require efficient devices. India has world-class infrastructure, IT skills, and more than that, the talent which has advanced gaming technology. The gamers enjoy the games developed by gaming centers like Microsoft, Disney, Sony, Playdom, UbiSoft, etc.

    Top 10 online games in India

    Here is the list of Top 10 games that Indians have absolutely loved and have been most trendy to date –

    • PUB-G (now banned)
    • Candy Crush
    • Clash of Clans
    • Fortnite
    • Call of Duty
    • Subway Surfer
    • Among Us
    • FIFA
    • 8 ball pool
    • Counter-Strike

    And a few more like Ludo, Rummy, Teen Patti, etc.

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    Future of Gaming Industry in India

    1. Age and gender dominance is likely to improve in the near future. Online gaming will soon see a shift in the age and gender composition of the total population since the huge untapped market is likely to experience this world of gaming

    2. Cloud gaming is going to get very popular especially in India. All people would need to have is a stable internet connection and they could get an experience of gaming like never before.

    3. Freemium companies will help the industry to get better economic conditions. We are a very price-sensitive market and freemium gamers would continue to search for alternatives if the companies start charging for premium services.

    4. Emerging technologies will help our country to uplift the gaming industry even more. The use of artificial intelligence augmented reality in games, virtual reality, modular technology, and cloud based gaming infrastructure will be the key drivers of the gaming industry in the future.

    FAQ

    How big is the gaming industry in India?

    The online gaming industry in India is expected to grow up to $2.8 billion till 2022.

    How much does the gaming industry make 2020?

    Global gaming industry is expected to surge $179 billion in 2020.

    Which country has the most gamers?

    According to Statista, Vietnam is the country with most number of gamers as of 2020.

    Conclusion

    The Indian online gaming industry is growing every month these days. Especially after the pandemic, when kids have more time and even the adults got introduced to this world of gaming. Moreover, it has even given opportunities to entrepreneurs to find more ways to market their products. Additionally, there are startups emerging in this industry and even investors are heavily funding these startups seeing their potential to grow in the country.

  • Why did Ninjacart Lay Off its 200 Employees Explained

    Ninjacart recently laid off 200 of its employees working in middle and senior management. The agritech company attributes this layoff to poor performances and unmatched expectations. While the ex employees try to stain the company’s image with stating about unethical HR practices, the management and CEO of Ninjacart are in complete denial.

    Ninjacart is an agritech startup that provides fresh fruits and vegetables to retailers directly from the farmers. It supplies over 1400 tons of fresh produce directly from the farmers to supermarkets and kirana stores. Currently, is actively moving the farm products in seven major cities- Chennai, Mumbai, Ahmedabad, Hyderabad, Pune, Bengaluru and Delhi-NCR.

    Ninjacart Latest News
    About Ninjacart
    Vision of Ninjacart
    Ninjacart Investors
    Why did Ninjacart Layoff 200 Employees
    Unresolved issues from employees
    How Ninjacart Hires
    Casual Hiring Approach
    FAQ

    Ninjacart Latest News

    23 February, 2021. Ninjacart announced that they are laying off 200 employees. Thirukumaran Nagarajan, the CEO of Ninjacart, said that the lay off was the result of issues with employee’s performance.

    About Ninjacart

    Ninjacart is India’s largest Fresh Produce Supply Chain Company. They are pioneers in solving one of the toughest supply chain problems of the world by leveraging innovative technology. They source fresh produce from farmers and deliver them to businesses within 12 hours.

    The company works with farmers in Indian villages to produce fresh farm and deliver it on a pan India platform. When they saw that farmers are exposed to various challenges such as price risk, information asymmetry in demand, delayed payments or even insufficient knowledge on distribution, they decided to intervene and provide a channel to these farmers which would bring them better returns on their harvest.

    Vision of Ninjacart

    They looked at Retailers struggling with low quality produce, unhygienic products and everyday hassle to collect the harvest and pointed to it as a major concern. They also noticed that the traditional supply chain lacks efficiency, needs more organization and has a high rate of food wastage.

    Successful businesses are those which take off with an intention to solve problems experienced on grass root levels. And Ninjacart was founded precisely for that. The founders, Sharath Loganathan, Thirukumaran Nagarajan, Vasudevan Chinnathambi, Kartheeswaran KK, Sachin Jose and Ashutosh Vikram made an impeccable team to work towards creating a better channel for the farm produce to reach the locals more efficiently.

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    Ninjacart Investors

    Backed by several venture capitalists, such as TigerGobal, Mistletoe, ACCEL, including giants like Walmart and Flipkart, Ninjacart aims to eliminate intermediaries and take control of supply chain management. It is their goal to make sure farmers are paid rightly with consistent demand and retailers are supplied with fresh and hygienic products.

    Why did Ninjacart Layoff 200 Employees

    Possible reason of Ninjacart’s layoff

    As we address the elephant in the room, we are going to talk about why a company like Ninjacart, which, as an ongoing concern, is breaking grounds to upgrade trading conditions for farmers, is laying off so many employees all of a sudden?

    Ninjacart laid off  200 employees across various functions at all employee levels. The labor cut happened across all  its key geographics- Bengaluru, Chennai, Mumbai and Hyderabad.

    Unresolved issues from employees

    The employees complained of being given a 15 day notice period whereas every other company provides a 30 day notice period which is bare minimum. Employees at senior levels have shown dismay as they have removed from the company by issuing fake resignations. Employees said that they don’t remember submitting any resignations and that their source was a portal used by the company’s HR department.

    The employees believe the laying off was a part of their cost-cutting drive but the company has denied all such claims. According to CEO Thirukumaran Nagarajan, “Out of the 200 employees who were sent away, the majority of them were asked to leave due to performance issues. Every employee has an internal scorecard that we maintain so that whenever the performance dips below the expected KPIs, the manager (concerned) alerts him or her. If there is no improvement seen, the manager reports this to the HR who takes the final decision.”

    “We have had cases of theft, including our own employees stealing our crates. We have found instances of several of our employees stealing crates of products and selling those in supermarkets and other offline markets. We were able to track down those employees in the past and terminate their jobs.” Thirukumaran Nagarajan further added

    Apart from the layoffs, employees have complained about their performance appraisals being put on hold. Many companies, owing to the pandemic conditions, have had similar cost saving measures in place and CEO Nagarajan claims to have paid all the said payouts.

    “We have never had cost-cutting measures, but we did make a decision to postpone payments of variable pay components of employees in April after the lockdown. We had to take this decision as we were unsure about how the business might look like after the nationwide lockdown. However, we have already paid the variable pay to all employees in 4 equal instalments in the month of September, October, November and December. The annual variable pay payout is for the period of April 2019 to March 2020,” he added.

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    How Ninjacart Hires

    Ninjacart calls upon innovators, problem solvers and executioners to be a part of their steadily growing team. It has a flexible schedule for its employees and aims to have a fun environment at work. It has hired several freshers, including some from IIM and middle and senior management level employees in the recent year and now going strong with 4000 plus employees.

    Ninjacart Hiring Process
    Ninjacart Hiring Process

    Casual Hiring Approach

    Ex employees claim that the company had a casual approach towards hiring and firing people. It hired a batch of freshers from IIM and later fired them when their performance fell below a certain matrix without batting an eyelid or even giving them a second chance to improve themselves. This led to a lot of instability and insecurity among the employees and some of them left the company themselves.

    The agritech recently caught a hiccup due to a mass lay off and alleged unethical HR practices where employee IDs were hacked by team managers to submit fake resignations. The CEO, Nagarajan commented  that senior managers do not have the final say on layoffs without communicating the decision first to the HR department.

    “The issue of a manager taking control of some employees’ official accounts to force termination only happened in a few cases, and I have already communicated to these employees to contact me personally for an appropriate resolution,” he added.

    FAQ

    How does Ninjacart make money?

    Ninjacart is an AgriTech startup which allows farmers to sell their vegetables and fruits directly to retailers and restaurants without middlemen involved.

    Who is the founder of Ninjacart?

    Thirukumaran Nagarajan, Vasudevan Chinnathambi, Ashutosh Vikram, Kartheeswaran KK, and Sharath Babu Loganathan are founders of Ninjacart.

    Why did Ninjacart lay off 200 Employees?

    Ninjacart fired at least 200 employees citing performance and integrity issues, but employees believe the laying off was a part of their cost-cutting drive.

    Conclusion

    2020 Covid-19 pandemic left no stone unturned in messing up the world economy. Meanwhile, giants who stood tall taking hits from the pandemic, start up companies have struggled to even stay afloat. As we stated earlier, labor cut is a common practice when the company is in financial crisis and we surely empathize with that but the allegations Ninjacart are serious in nature.

    HR practices form a very prominent and integral part of any organization. The preamble set by an organization’s HR practices enable a smooth run for employees from the top management to ground level employees, and hence they need to be as transparent as possible.  

  • The Curious Case of Amazon, Flipkart & FDI – The Impact of New FDI Rules

    Rapid FDI stride is something India is boasting of since economic liberation in 1991, And indeed it brought in huge investments and millions of jobs alongside. No doubt market reforms placed the economy on the fast track of development. But on the flip side, soon after FDI in multi-brand retail got introduced in 2012 local businesses and trades took a hit quite as expected. Especially since gigantic foreign players like Amazon entered the market, Plenty of jobs were lost while micro & small retailers suffered significant losses.

    First Significant Change in FDI Policy That Hit Amazon/Flipkart
    Present Scenario and Government’s Role
    E-commerce/E-retail Growth in India
    Why E-commerce Regulation is Vital for Indian Economy
    Fresh Allegations Amidst Sensational Revelations
    What lies Ahead for Amazon & Flipkart
    FAQ

    First Significant Change in FDI Policy That Hit Amazon/Flipkart

    The ease & comfort of e-shopping has been intelligently multiplied in value by these global giants by offering heavy discounts. Therefore, to level out the playing field, Govt of India brought in a major policy shift Via FDI into e-commerce in Dec 2018. This change was persuaded by Indian brick-and-mortar retailers who were long unhappy with the supposed unfair trade practices of these multinational corporations.

    They contested that e-commerce retailers like Amazon & Walmart controlled Flipkart were creating complex business structures to smartly bypass foreign investment rules. They do it by finding a way around FDI rules to avoid complying with orders that are detrimental to these corporation’s interests & profits.

    US companies deny these charges, But govt of India had to look over the interests of Indian businesses first & so it did. Now, these giants were disallowed to sell products from sellers in whom they had an equity stake.

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    Present Scenario and Government’s Role

    However, this didn’t seem to deter these foreign participants from working around policies to keep competition from Indian retailers at bay. So the Govt of India again is revisiting the FDI rules off late to tweak it further and Prohibit even those sellers from selling on these platforms, in whom these e-commerce companies have indirect stake through their parent company.

    Prohibit sellers who purchase from the e-retailer or its group firm & intern sell on the e-commerce site (presently the seller is allowed to transact 25% of its inventory under this arrangement)

    Govt had earlier in 2020 tightened the noose on FDI from neighboring countries as well, who share land borders with us like China, who now will have to seek govt approval before investing. The objective behind was to protect opportunistic take-overs & acquisitions of Indian companies in distress by foreign giants, due to COVID-19 induced global recession.

    Henceforth, any new investments in any sector from these (restricted) countries namely China, Pakistan, Bangladesh, Nepal, Myanmar, Bhutan and Afghanistan will have to take the govt route, and not the automatic route which was open to it earlier.

    E-commerce/E-retail Growth in India

    Let us look at some fascinating facts & figures before we discuss this subject further:

    Traditional Business Vs Digital Business
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    Why E-commerce Regulation is Vital for Indian Economy

    According to an American market research firm, Amazon & Flipkart together occupy about 63% of the total e-commerce space in India. Now, if domestic retailers, online & offline i.e. physical brick-and-mortar stores have to have a fair share of the market or a fair competition at least govt has to devise a strategy to promote Indian e-commerce & Industry without discouraging FDI. It’s a tough proposition.

    FDI is looked over by Indian departments of commerce & industry. They formulate laws and regulate FDI inflow by framing new policies and/or modifying scrapping old policies & rules. While this is done to further the economy on a macro level, its ripple effect on the micro economy can’t be overlooked either.

    So it has to strike a fine balance between retail reforms, an open market which on one hand benefits end consumers and provides millions of jobs. On the other hand predatory pricing, deep discounting by online retailers makes small retailers(mainly owner-managed & run stores) fight for survival tougher.

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    Fresh Allegations Amidst Sensational Revelations

    A large growing economy like India, where low production costs and high-quality labor service lures investors from the world over, developed nations like the US, European and China, is also most prone to manipulations by foreign players if given a free run. As feared in this tweet by CAIT, Amazon India has been disrespecting laws reveals a recent Reuters investigation.


    In January 2020, India’s antitrust watchdog, the Competition Commission of India, announced it was investigating Amazon and Walmart Inc’s Flipkart following a complaint by an Indian trader group. The commission cited four alleged anti-competitive practices: exclusive launch of mobile phones by the e-commerce firms, promoting preferred sellers on their websites, deep discounting, and prioritizing some seller listings over others.

    What lies Ahead for Amazon & Flipkart

    While the colossal change in consumer behavior is unlikely to fade in near future, Amazon & Flipkart also maintain that they have been complying with Indian laws duly & are denying all charges. Govt is in talks with stakeholders for over a month. Therefore, for now, it is difficult to say what impact the policy changes, if any, will bring in, though e-retail unquestionably seems to have a bright future in the Indian market of a billion-plus.

    FAQ

    How much FDI is allowed in retail?

    51% FDI in multi-brand retail through automatic route i.e. without having to seek govt approval.

    Do online marketplaces like Amazon have their own products?

    Amazon and other multi-brand retail marketplaces are only allowed to connect sellers & buyers on their website in India. They are not allowed to purchase, hold, market and sell stocks as their own.

    Who started e-commerce in India?

    K Vaitheeswaran was the first person who opened the first online marketplace for Indian consumers called Fabmart.com in India in 1999, now rebranded as ‘More’.

  • Top 3 Generic Medicine Startups That Are Reshaping the Pharmaceutical Industry in India

    Medicine is considered one of the most essential needs for all of us. The Indian Pharmaceutical space is witnessing a storm of new start-ups, not only for cash flow opportunities the sector offers but for making affordable medicines. Lack of access to good quality and affordable medicines is a major challenge in Indian healthcare.

    Medicine is concerned with maintaining and restoring human health, and the role of the pharmacist is vital for the benefit of patients. Not all medicines are available at low prices and thus not everyone can afford them. So for those customers who cannot afford expensive brand medicines, there is a generic medicine which is at a fairly low price. Here we are going to talk about the Top 3 Generic Medicine Startups that are Reshaping the Pharmaceutical Industry in India.

    What Are Generic Medicines?
    Generic Medicines Are Safe?
    Top 3 Generic Medicine Startups in India
    StayHappi
    Zeno Health (Generico)
    Generic Aadhar

    What Are Generic Medicines?

    Generic drugs are identical to brand-name drugs that have the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug. Generic drugs are only cheaper because the manufacturers have not had the expense of developing and marketing a new drug.

    Generic Medicines Are Safe?

    Generic medicines are as safe as branded medicines. The FDA requires that generic drugs work as fast and effectively as brand-name drugs. The reason generic drugs are cheaper is that companies don’t have to spend on research and development of generic drugs if they have patents for brand-name drugs.

    Top 3 Generic Medicine Startups in India

    StayHappi

    Startup Name StayHappi
    Headquarter Delhi, India
    Industry Pharmaceutical
    Founder Arushi Jain
    Founded October 2017
    Parent Organization SarvaGunAushdhi Private Limited
    Products Allopathic, Ayurvedic, Herbal medicines, Neutraceuticals, OTC, Consumables, Cosmetics, Surgical items and Medical Devices.

    StayHappi was founded by Arushi Jain in October 2017. StayHappi Pharmacy offers these legitimate medicines at reasonable prices and empowers them to make the right choice. They offer high-quality generic medicines at 30- 90% lower MRP as compared to branded medicines and are leading the way in making healthcare more affordable.

    StayHappi

    StayHappi Pharmacy provides high-quality generic medicine so that people can get the best allopathic medicines at the most affordable prices. There is a growing demand for nutraceuticals and StayHappy provides these products as well. StayHappy Store also offers Ayurvedic Medicines, to cater to the health care basket and cater to people who have a penchant for Ayurvedic and herbal medicines. StayHappy also provides medical consumables and cosmetics at its stores.

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    Zeno Health (Generico)

    Startup Name Zeno Health (formerly Generico)
    Headquarter Mumbai, Maharashtra
    Industry Pharmaceutical
    Founder Siddharth Gadia
    Founded May 2017
    Products Cardiovascular, Gastrointestinal, CNS, Urology, Disorders of Aging

    Generico was founded by Siddharth Gadia in 2017. Fastest-growing speciality pharmacy retail chain of generic drugs. Started by IIT Bombay alumni, Generico aims to make healthcare affordable for millions of Indians. It offers the largest portfolio of generic drugs from reputed pharma companies under one roof and offers up to 80% lower prices.

    Zeno Health

    Zeno Health is India’s fastest-growing pharmacy retail company, with a presence in 100+ locations and the biggest private generic player in India. Zeno Health aims to satisfy consumer needs of trust in the quality of medicines, easy availability and best price, in accordance with their mission statement– Think Medicines, Think ZenoHealth.

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    Generic Aadhar

    Startup Name Generic Aadhar
    Headquarter Maharashtra, India
    Industry Pharmaceutical
    Founder Arjun Deshpande
    Founded 2019
    Products Medical Supplies

    Generic Aadhar was founded by Arjun Deshpande in 2018 in Thane. Generic Aadhaar provides generic quality medicines from reputed pharma companies at up to 80% fewer prices. It offers a wide portfolio of branded, generic, homoeopathy and Ayurveda medicines from government-approved manufacturing facilities.

    pharmaceutical startup
    Generic Aadhar

    Generic Aadhaar aims to partner with 1000 pharmacies on a franchise-based model in the coming months and expand its reach to markets such as Tamil Nadu, Andhra Pradesh, New Delhi, Goa, Rajasthan, and Gujarat. Ratan Tata has invested an undisclosed amount in this pharmaceutical startup Generic Aadhar.

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    Conclusion

    Generic medicine startups are doing a great job by providing generic medicines at affordable prices to customers who cannot afford branded medicines. As India is the largest provider of generic drugs globally, the Indian pharmaceutical sector supplies more than 50 per cent of the global demand for various vaccines, 40 per cent of generic demand in the US, and 25 per cent of all drugs in the UK. It is also expected to grow to US$ 100 billion by 2025.

    FAQ

    How to start a generic medicine business?

    Start with the premises of your office, a unique and meaningful brand name, and finances. Then get your business registered. The main steps of registration are Digital Signature Certificate, Director Identification Number, getting user registration, and filling out the e- form. The next steps include getting the GST number, trademark registration, and FSSAI registration.

    What is an example of a generic medicine?

    The majority of drugs, particularly life-saving are manufactured and sold as generic drugs. One example of a well-known generic drug is metformin, which is used to lower blood sugar levels in diabetes.

    What are generic medicines?

    According to FDA generic drug is a medication created to be the same as an already marketed brand-name drug in dosage form, safety, strength, route of administration, quality, performance characteristics, and intended use.

    Is the generic medicine business profitable?

    Yes, according to a recent study margin on generic medicines can be  100%. As per recent reports, the Indian pharmaceutical industry is largely dominated by ‘branded generics’ that are cheaper, more effective, and safer. India is the second-largest producer of generic drugs, therefore, the generic market is anticipated to offer so much to the Indian economy.

  • Top Cybersecurity Courses in India

    Protection of important data is the need for the hour and it has become increasingly hard in recent years. Cyber-attacks have been increasing over the years. If we look at the last 5 years there has been an increase in the crimes from 49,455 cases in 2015 to 6,96,938 cases in 2020 in India. This rapidly increasing Cyberattack has increased the demand for cybersecurity professionals who can predict, detect and safeguard organizations from Cyberattacks. Look at the list of Top Cybersecurity courses in India to excel in a Cybersecurity career

    According to PWC, the cybersecurity market will grow at a compound annual growth rate of 15.6 percent from USD 1,97 billion in 2019 to $3.05 billion by 2022. However, there is a scarcity of skilled professionals in the field of cybersecurity, despite the fact that it is a high-demand job.

    Here’s the list of  Top Cybersecurity Courses in India:

    Master Certification in Cyber security (Jigsaw academy with HackerU)
    PGP in Cybersecurity – Praxis Business School
    Certified Ethical Hacker and certified Information System Security professional – Simplilearn
    PG Diploma/MTech/MS in Cybersecurity – Reva University

    Master Certification in Cyber security (Jigsaw academy with HackerU)

    Top cybersecurity course
    Jigsaw Academy with HackerU

    Jigsaw Academy offers programmes in data science and emerging technologies. It was recognized as the No.1 institute for data science training and a global award-winning institute. It is headquartered in Bangalore, India. HackerU is a world-renowned provider of cyber security knowledge transfer, technological solutions and services. It is based in Israel. HackerU partners with educational institutes around the globe for providing cyber security training.

    The Master’s programme provided by Jigsaw academy in association with HackerU is the only master’s certification in India that focuses on offensive cybersecurity technologies. This programme helps to understand the hacker’s state of mind through an in-depth study of technologies required to protect the organizations from cyber-attacks.

    Duration – The total duration of the programme is 11 months and it is completely online with live sessions. The academy also provides 100% placement on completion.

    Cost of the programme – Rs. 2,80,000 + Taxes.

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    PGP in Cybersecurity – Praxis Business School

    PGP in Cyber Security - Top cybersecurity course
    PGP in Cyber Security

    Praxis is a premier B-School in Kolkata providing 9 months full–time Post Graduation Diploma in Cybersecurity. Praxis Business School endeavours to bring to you – a program that combines the art and science of theoretical learning with the virtues of practical training.

    Praxis claims that this is the only programme in the country that is designed to create industry-ready Cyber Warriors. It addresses three aspects of the Cyber Security ecosystem: people, process and technology. To make the programme relevant and to provide efficiency for students Praxis has partnered with CISCO, Fortinet, ISACA (Kolkata Chapter), British Standards Institute and Infosec Foundation to provide industry training.

    The programme provides a combination of lectures, lab work, case studies and projects consisting of three trimesters with specializations in SOC analysis, digital forensics, security incident handling and information cyber audit.

    Duration – The duration of the programme is 9 months with 525 hours of classroom training and lab work.

    Cost of the programme – ₹3,00,000

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    Certified Ethical Hacker and certified Information System Security professional – Simplilearn

    Simplilearn Course on Cybersecurity- Top cybersecurity course
    Simplilearn Course on Cybersecurity

    Simplilearn is one of the world’s leading certification training providers. They partner with companies and individuals to provide training and coaching to achieve career goals. They have trained more than 20,00,000 professionals with more than 400 courses.

    The programme verifies your advanced security skillsets. Many IT departments have made CEH a must required qualification for Cyber Security related jobs. This certification provides tools and information used by a hacker and helps you to think like a hacker to manage the security of the organization’s data.

    This programme helps you develop expertise in defining the architecture and in designing, building, and maintaining a secure business environment for your organization using globally approved Information Security standards.

    Duration – 40 hours of applied learning.

    Cost of the programme – Rs. 39,999 for CEH and Rs. 24,999 for CISSP.

    .

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    PG Diploma/MTech/MS in Cybersecurity – Reva University

    Reva university - Top cybersecurity course
    Reva University Course on Cyber Security

    REVA Academy for Corporate Excellence (RACE) aims to develop enterprise leaders for corporates through progressive and integrated learning capabilities. RACE is an agile lean startup that works with entrepreneurial zeal.

    The race provides High end, cutting edge, techno-functional interdisciplinary programs. This Programme will help you to gain hands-on experience practical training in various security technologies to defend, detect or monitor security threats. It helps to execute a cyber security plan, develop privacy policies and to gain expertise in the subject matter of cyber security.

    The programme is approved by UGC and AICTE. It has partnered with various organizations in the Industry such as ABB, Accenture IBM and many more.

    Duration – 2 years MTech/MS courses, 1-year PG Diploma courses.

    Cost of the Programme – PG Diploma – Rs. 3,50,000, MTech/MS – Rs. 4,50,000.

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    Cybersecurity Job Profiles

    The common job profiles in cybersecurity include information Cyber Security Analysts, Security Engineer, Information and Cyber Security Auditors Security Analysts, Security Consultants, Firewall and Security Device development professionals, Computer Security Incident Responders, Cryptologists, Vulnerability Assessors, Digital Forensics Specialists, Intrusion Detection Specialists, Lead Security Architects, and Chief Information Security Officer (CISO).

    In January 2017 and March 2018 there was a spike in Cyber Security roles of around 150%. As per the reports of IBM, India requires around 30 Lakhs Cyber Security professionals and it would increase up to 35 Lakhs by 2022.

    Conclusion

    With an increased demand for skilled cybersecurity experts, a career in this field not only pays well, but also provides you with a wealth of experience dealing with crises and attacks in real time.

    According to official estimates, the sector’s job growth is expected to be 37 percent globally by 2022, representing a $35 billion revenue opportunity for Indian cyber security professionals.

    While most entry-level jobs in cyber security are held by associate degree holders and do not require very specific knowledge of cyber networks and security protocols, a four-year bachelor’s degree in either engineering or cyber security is always recommended.