Thursday, 13th August ’20
Good morning, TMT aims to make you smarter every day and in accordance with that goal, we try to get you the best content every morning. If you have any feedback, you can write to us team@productround.com.
Here are a few words from TV star, Oprah Winfrey to start your day.
Think like a queen. A queen is not afraid to fail. Failure is another steppingstone to greatness.
MIND MONK
Every morning comes with a set of challenges and every evening leaves you with more wisdom and experiences. As you opened this morning, two great gifts of God (your eyes), and used them to read our TMT, we give you some motivation to keep your eyes, the best endowment from God ever fresh and healthy.
- Fight puffiness with caffeine
- Remove high-allergen food in breakfast for a better under-eye skin
- Use Retinol to clean the under-eye skin
- Consume enough of Vit C rich diets
- Clean your eyes once using rose water
Bright, radiating eyes can get you your first success in a business dealing!!
MARKETS
Markets: Indian benchmarks remained mostly flat with a negative bias. Global sentiment remained uncertain with the rising US-China tensions and the expected US stimulus package. Profit booking continues in the pharma sector. The uncertainty is expected to continue despite the vaccine released and investors are being advised to remain cautious. The short term uptrend should remain intact.
TECHNOLOGY & INNOVATION
Amazon’s Prime Days GMV during its prime day sale stood at Rs 3,200 crore while Flipkart raked in Rs 2,700 crore. The two e-tailers combined clocked around Rs 6,000 crore of GMV, led by strong demand for categories like laptops, appliances, and smartphones, which have a large ticket size compared with fashion and grocery.
Foxconn beat estimates to report a net profit of T$22.9 billion ($778.54 million) for the second quarter – up 34% from a year earlier and driven by its server and computing businesses. It is expected to boost its revenue recovery on the back of the launch of a new lineup of iPhones in autumn.
Conduit, the Tinder for Founders and VCs, is now public. Conduit helps Founders looking for investors set up free profiles of their startups on the platform and then search for investors based on criteria – investment sector like “Finance”, expertise areas like “Business Development”, and which rounds an investor typically participates in.
WHAT ELSE IS COOKING
Indian Tea Industry suffers due to rain, gives way for Kenya: Heavy rains and the absence of tea pickers because of lockdowns have hammered production and sent local prices spiraling to records, while top buyers are turning to Kenya where the market has dropped. Output in the world’s second-largest producer is set to shrink to the smallest in five years, falling 13% to about 1.21 billion kilograms, while exports will drop 16% to about 210 million kilograms, a six-year low.
To reward honest taxpayers, PM Modi to launch a new, ‘transparent’ scheme: Ahead of Independence Day, Prime Minister Narendra Modi will launch a new tax scheme today, called “Transparent Taxation – Honoring the Honest”. The launch of the platform will further carry forward the journey of direct tax reforms. Earlier, Finance had said taxpayers are nation-builders and the government would come out with a charter of rights for them.
Hyderabad to host Medtronic’s largest global R&D center outside the US: Medtronic has decided to invest ₹1,200 crore in scaling up and expanding its current research and development center into a modern engineering and innovation hub in Hyderabad.The Medtronic Engineering and Innovation Centre will be the largest global R&D center outside of the United States for the company. The investment is dedicated to building new capabilities in the region, setting up ultra-modern labs including high-end robotic-assisted surgery equipment.
BUSINESS LOUNGE
Robert K. Graham – The Noble Banker
Robert K. Graham was an entrepreneur who invented shatter-proof lenses for eyeglasses. Today, though, he’s probably better remembered for the controversial sperm bank he started. Called the “Repository for Germinal Choice”, this sperm bank only accepted donations from people who were considered extraordinary in some way. Some were Nobel prize winners, some were geniuses, and some were gifted athletes.
What was Graham’s reason for starting the sperm bank? He wanted to create a better human gene pool for the genetic betterment of the human population and the nurture of newly conceived geniuses. – a mission that did not go over well with many people, who compared his ideas to Nazi eugenics programs. The sperm bank was closed in 1999, two years after Graham’s death. It claimed to have produced 229 children during its 19 years of operation.
TMT VARSITY
Brainstorming in Design Thinking
What is Brainstorming?
Brainstorming is one of many methods of ideation; the process of coming up with new ideas and it occurs during the divergent phase of the creative process. Brainstorming helps you generate a large number of ideas so that you can produce different options for solving your challenge.
Why Brainstorm?
Brainstorming is an effective way to:
- Produce a large number of ideas
- Generate ideas quickly
- Expand your portfolio of alternatives
- Get people unstuck
- Inject insights from a broader group
- Build enthusiasm
- Solve tricky problems
- Improve team collaboration
How to do a brainstorming session?
PHASE 1—SETUP
- Frame a question grounded in insight to guide the group’s thinking.
- Share inspiration and insights from competitive and analogous research.
- Embrace a mindset of curiosity, using the rules of brainstorming as a guide.
PHASE 2—FACILITATION
- Loosen people up with a creative warm up.
- Start with heads-down individual brainstorming.
- Share ideas as a group and build on each other’s concepts
PHASE 3—FOLLOW UP
- Group ideas into buckets or themes.
- Vote on your favorite ideas.
- Define next steps and action items.
Written by Kumar Sourav Mohanty, Akansh Bhatt, and Shashank Dobhal
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