New Delhi: Oppo Mobiles ’ net loss has widened by more than two times to Rs 2,203 crore during FY19-20 which turns out to be the largest loss making year for the smartphone brand since it started operations in 2015. The company’s revenues increased 78% from Rs 21,724 during FY19 to Rs 38,757 crore in FY20, according to financial data accessed by business intelligence platform Tofler. The China-based brand which holds number 5th rank in India’s smartphone market shipped 16.5 million units during calendar year 2020 and captured 11% of the overall market, but on-year growth remained flat, according to research firm IDC India . As per the Oppo ’s financial report released on Wednesday, the company has secured $400 million (close to Rs 3,280.5 crore) via external commercial borrowing (ECB) during the last fiscal. “During the period under review, the Company had received ECB of USD 250 Million and ECB of USD 200 Million vide ECB Agreement dated 10th September 2019 and 24th … [Read more...] about Oppo FY20 net loss widened over 2 times to Rs 2203 cr, largest since it entered India
Munawar Faruqi had not even started his set at the Munroe Café in Indore on January 1 when he and another stand-up comic were arrested, alongside two of the event’s organisers, for violating India ’s colonial era anti-blasphemy laws. The 28-year-old Muslim comedian was accused of “intent” to outrage religious sentiments by Aklavya Gaur, a Hindu nationalist activist and son of the city’s mayor. Moments before Faruqi’s arrest – and only seconds after he took to the stage – Gaur had burst into the venue and began shouting that the show was “cancelled”, according to eyewitnesses. “Munawar was interrupted even before he could start performing,” said 22-year-old audience member G Jen Agnes K, who has since received death threats for speaking out in support of the comic online. “As soon as he got the spotlight Aklavya Gaur interrupted him.” Gaur – whose mother Malini is a member of Indian Prime Minister Narendra Modi ’s Hindu nationalist Bharatiya Janata Party as well as being … [Read more...] about In Modi’s India, comedians can now be jailed for ‘intent’ to tell a joke – as Munawar Faruqi found out
Thailand’s famous jasmine rice claimed yet another top prize on the world stage this month, marking the sixth such honour the World Rice Conference has bestowed on the fluffy, fragrant and full-bodied grain since 2009. The “Khao Dawk Mali 105” – a code name for the most renowned Thai jasmine rice variety – defeated rivals from Cambodia, China, the United States and Vietnam with “its combination of aroma, texture, and flavour”, said the judging panel at the annual forum for rice suppliers and policymakers. Thai growers attributed the win to an early onset of cool winds that swept Thailand ’s northeast earlier this year, making the grains “particularly shiny, strong and fragrant”, said Charoen Laothamatas, president of the Thai Rice Exporters Association. But the recognition caps a difficult year for Thailand, which is set to see the lowest rice exports in two decades due to falling global demand caused by the coronavirus pandemic, the baht’s strength and export competition from … [Read more...] about Can Thailand save its rice bowl, or will China, India and Vietnam eat it for lunch?
Nyokas is a premier Indian R&D company working in the field of cutting-edge fashion technology, it develops premium athletic wear and safety wear products for niche customer segments and institutions like Indian Defence Forces, Para-Military forces, etc. Nyokas is the only textile company under iDEX, DIO (Ministry of Defence, India) producing state of the art wearable technology for Soldiers. Recognising the need of the hour, during the Covid pandemic, Nyokas introduced masks and lifestyle clothing that made use of innovative antiviral and odour cancelling technologies for safety of the public from Corona Virus. These unique products are available at https://nyokasfashion.com/ Honourable Raksha Mantri discussing Nyokas High-tech clothing for Indian Defence Forces at the Aero India Show Travel Buddy, Flight Look. Antiviral and Fog-proof mask Executive Shirt keeps your fresh all day Problem Area: Textiles - A likely source of Infection & … [Read more...] about Innovative Antiviral & Smart Temperature Clothing Launched By Nyokas At Aero India 2021
Mumbai: Mumbai-based wheelchair taxi startup Ezy Mov is in advanced talk with investors to raise funds worth Rs 5 crore as it looks to expand its services to two more cities, its co-founder and director Bennet D'Cunha has said. The company has also signed an agreement with Vaccine on Wheels , a doctor-based mobile vaccination clinic for the last mile delivery of the COVID-19 vaccines, particularly for the senior citizens and physically challenged people, a release said. Currently, the company operates a fleet of 35 taxis across Mumbai, New Delhi, Ahmedabad and Bengaluru. "We are in advanced talks with the investors and will soon get the Rs 5 crore of funding. This will help us expand our fleet, enter into other domestic cities and also in strengthening technological and human resources support," said D'Cunha. The start-up has plans to enter Chennai and Pune markets in the next phase of expansion considering a huge requirement of accessible transportation in these … [Read more...] about Wheelchair taxi startup Ezy Mov in talks with investors to raise funds for expansion