Friday, 21st August ’20
Good morning, let’s welcome the weekend with open arms. It was an interesting week with Apple crossing the $2 trillion mark in market cap. Sputnik V, the Russian vaccine for COVID looking for a partnership with India. Globally, the US-China ties continue to soar as the markets wait for the US stimulus package. Domestic markets continue to be volatile. It is widely speculated that the Indian road to economic recovery is going to be a long one. Today it is b’day of Usain Bolt’s- The World’s fastest man and this one pic deserves it’s place here today when Bolt won his third Olympic gold in 100m sprint.
We rolled off TMT to help you upskill and enhance your learnings with us. We aim to make learning fun. We have continuously got feedbacks and continue to work on them to make you smarter every day. Here are a few words to start your day
A shift in mindset is required to thrive in the current era and this cannot be achieved at an academic level, social latitude, or political sphere but at a personal level.
MIND MONK
QIGONG
Who does not want to off-load the stress and toxic energies in one’s mind and body after a hectic working day? Who does not want to come back to office everyday with a radiating face and brimming with energy? Well, a simple Chinese exercise called QIGONG will help you achieve this!!
Qigong can be described as a mind-body-spirit practice that improves one’s mental and physical health by integrating posture, movement, breathing technique, self-massage, sound, and focused intent. There are likely thousands of qigong styles, schools, traditions, forms, and lineages, each with practical applications and different theories about Qi (“subtle breath” or “vital energy”) and Gong (“skill cultivated through steady practice”).
Physically, slow gentle qigong movements warm tendons, ligaments, and muscles; tone vital organs and connective tissue; and promote circulation of body fluids (blood, synovial, lymph). Qigong is effective in healing life challenges ranging from high blood pressure and chronic illness to emotional frustration, mental stress, and spiritual crisis.
We urge you to give a look at 8 most powerful Qigong exercises for cultivating healing energy in the body at https://www.consciouslifestylemag.com/qigong-exercises-healing-energy/
MARKETS
Markets: SBI Life, Divis Labs to replace Bharti Infratel, ZEE in Nifty50. The market corrected due to weak global cues and a rise in Dollar index after Federal Reserve meeting minutes which raised worries over economic recovery in the US. Banking and financial stocks were at the forefront to drive the fall. Globally, the market volatility is likely to continue owing to the uncertainty regarding the global economic recovery, fresh US-relief package, the US-China tensions, and the increasing coronavirus cases.
TECHNOLOGY & INNOVATION
- Tech giant Google on Wednesday said that it expanded its employment android application – Kormo Jobs – to India as it is looking forward for helping job seekers to apply for entry-level jobs. Google had introduced ‘Jobs’ last year in India as part of Google Pay to connect job seekers under the brand Jobs.
- Employee social network Mesh raises funds from Y Combinator. Mesh is building an internal social platform for companies that makes it easier for employees to track their daily and weekly tasks, manage long-terms goals, and get timely feedback from managers.
- Cobalt.io is a SaaS platform helping its users with pentesting, the process of testing an application for security vulnerabilities before it goes out the door. Today, the startup announced a $29 million Series B led by Highland Europe. Highland’s Gajan Rajanathan will be joining the board.
WHAT ELSE IS COOKING
Maruti Suzuki partners with IIM Bangalore to incubate mobility startups: To engage with startups in the area of mobility, Maruti Suzuki India has announced its partnership with Indian Institute of Management, Bangalore. The first-of-its kind initiative by an automobile manufacturing company will help early-stage startups become large scale businesses. For mobility startups at the Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup hub and incubation centre of IIMB, this will be a 3-month (pre-incubation) and 6- month (incubation) engagement.
More travel bubbles are to open for international travels from India: India is in talks with as many as 13 countries for resumption of international flights under bilateral air bubbles. These countries include Australia, Italy, Japan, New Zealand, Nigeria, Bahrain, Israel, Kenya, Philippines, Russia, Singapore, South Korea & Thailand. India has so far established air bubbles arrangements with the US, UK, France, Germany, UAE, Qatar, and the Maldives. Indian flyers holding any kind of valid visa under the ‘Air Bubbles’ agreement can travel to the UK, the US, Canada and UAE.
CEAT Tyres partners ReadyAssist to enter roadside assistance service segment: RPG Group’s tyre manufacturing arm CEAT Tyres on Thursday announced its entry in the roadside assistance (RSA) service segment by joining hands with ReadyAssist. ReadyAssist is a round-the-clock roadside service assistance provider which offers services across various other cities such as Mumbai, Mysore, Gurugram and Hyderabad. These services initially will be available in Bengaluru and Hyderabad, which will soon expand across 20 cities in the country within a month
BUSINESS LOUNGE
An Ode to Lamborghini
Sant’Agata Bolognese is a small hamlet on the outskirts of Bologna. A TPER bus takes you there from the city terminus for 12 euros. The ride is not remarkable at all. There are certain old villas along the way that is reminiscent of Tuscany but not exactly as pretty. The journey for once is nothing like the destination. Sant’Agata Bolognese is home to the supercar manufacturer Lamborghini. So why are we talking about it here? Well, because it checks all the boxes of what we nowadays call a startup.
Lamborghini’s factory and museum are introduced to your eyes first by wavering flags – Italian, European Union’s. But the real works are waiting inside. After scalping tickets from the hands of the receptionist, the museum is all yours for the next few hours. This is where all my childhood dreams were strewn across the ground and upper floors – in the flesh, or metal rather. The Miura, one of the forefathers of the modern supercar, the Reventon, a car with only angles and no curves in its shape.
Ferruccio Lamborghini began his business in Bologna building tractors out of leftover ruins from post-war Europe. After diversifying into other electronics he came into a bit of money and bought himself a Ferrari. Driving it up and down the streets of Bologna he realized that he was always burning the clutch. On conferring about this problem with Enzo Ferrari, Lamborghini was admonished by the owner of the prancing horse. “You’re just a tractor driver, a farmer,” he told Lamborghini.
Lamborghini sat with his coterie and went on to build a new future of the supercar only 35 km away from the Ferrari factory. Car by supercar, Lamborghini grew by leaps and bounds and in just a few years became the poster boy of every kid. And it remained so all the way to my generation albeit as wallpapers on our computer screens. With time the boutique manufacturers struggled with finances – Ferrari being sold to Fiat, Lamborghini came to be owned by Audi and VW in effect.
Audi brought German efficiency and refinement to the systems infrastructure and stood Lamborghini in good stead in its path of modernization. This allowed Lamborghini to build cars that are not as “mad” as they used to be in the 70s, but even though some purists would disagree, that’s a good thing. It’s easy to say, “Hey they’re good, but they’re no Ferrari”. But that’s exactly what makes it a beautiful story. A plucky “farmer” got into the business of a Formula 1 champion manufacturer and not only survived all these years but matched him step for step. If that’s not an ode to startups I don’t know what is.
TMT VARSITY
5 Theories of Entrepreneurship
Theory helps us to bear our ignorance of facts. If an entrepreneur is a person who settles a business and accepts the associated risk to form a profit, then they are theories that help him/her evaluate a critical situation. Though there are a number of theories that fall in this space, TMT would like you to essentialize these 5 main ones to lead your entrepreneurial ambitions:
Innovation Theory: The theory prioritizes innovation, invention, and self-creation using new combinations, rather than risking on an idea propounded by someone else. This excludes individuals who operate traditional businesses.
Economic Theory: The theory lays out factors important for the growth of your business, like taxation policy, industrial norms, infrastructure availability, financial flows, and most importantly favorable economic conditions. Sometimes, an entrepreneur needs to coordinate among insufficient resources.
Sociological Theory: The theory says that the entrepreneur should reach the expectations of society. The activities are studied from the social status hierarchy and values. Mostly the social values and attitudes, beliefs, and socio-political environment factors dictate entrepreneurship.
Psychological Theory: Mostly called the Achievement Motivation Theory, it signifies that achievement, affiliation, and power are three needs for personal acquirements and hence it all depends on the decision making ability of the aspirant.
Leadership Theory: This theory is a function of managerial and leadership skills, where an individual needs to have the capability to manage his group. He should be the first mover in risk-taking and daring to manage during uncertain times.
Written by Kumar Sourav Mohanty, Akansh Bhatt, and Shashank Dobhal
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