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To lead through turbulent times, India Inc looking for leaders who thrive under pressure
Economic Times
·
2m ago
Medial
Corporate India faces unprecedented challenges, leading to a demand for leaders who excel under pressure and can adapt to disruptions. Companies seek leaders with the ability to manage complexities, innovate technologically, and foster diverse teams. Headhunters note the emphasis on qualitative traits like agility, entrepreneurship, and resilience. As disruption becomes commonplace, leadership expectations have evolved, with a focus on new thinking and operational control, making traits like resilience and employee engagement essential for leadership roles.
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Online retailer Beyond Inc's chief steps down amid activist investor pressure
Economic Times
·
1y ago
Medial
The CEO of Beyond Inc., formerly known as Overstock.com, Jonathan Johnson, has resigned under pressure from activist investors. Hedge fund JAT Capital, which owns a 9.6% stake in the company, called for Johnson's replacement due to the company's poor financial performance. Dave Nielsen, the President of Beyond Inc. since 2019, will serve as interim CEO while the search for a permanent CEO is conducted. Marcus Lemonis, a businessman and TV personality who recently joined the board, has been proposed as a potential CEO by JAT Capital.
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Chinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 million
Economic Times
·
1y ago
Medial
Chinese AI firm Fourth Paradigm is leading a surge of Hong Kong initial public offerings, aiming to raise up to $280 million. Fourth Paradigm, along with cloud hospital platform Neusoft Xikang and mobile games operator ZX Inc, is looking to raise funds through these IPOs. Fourth Paradigm, added to the U.S. Entity List this year, offers AI software products used in various sectors. Neusoft Xikang is aiming to raise $81-101 million, while ZX Inc is looking to raise $27-34 million.
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Ladies Who Lead raises $1 Mn led by Nithin Kamath's Rainmatter
Entrackr
·
9m ago
Medial
Members-only platform Ladies Who Lead (LWL) has raised $1 million in a pre-Series A funding round led by Nithin Kamath's investment firm, Rainmatter, along with participation from the Family Office of Jayant Davar. The funding will enable LWL to expand its ecosystem for women professionals and leaders across multiple sectors, offering them resources and mentorship, the platform said in a press release. Co-founded in 2021 by Aabha Bakaya and Aditya Ghosh, Ladies Who Lead (LWL) is a members-only platform designed to support and amplify the voices of women in leadership. The platform provides women access to mentorship, exclusive networking, and professional development opportunities through its Titan and LWL Members clubs. It aims to foster an equitable professional ecosystem where women can thrive and drive change. LWL asserts that it has been actively shaping an inclusive space for women entrepreneurs, professionals, and veterans across industries, creating professional growth opportunities through curated workshops, networking, mentorship programs, upskilling programs, and social events. It addresses key barriers to leadership advancement, such as pay disparity, networking limitations, inaccessibility to mentors, and the need for better work-life balance for women professionals. According to market research, only 35% of Indian women participate in the workforce, compared to the global average of 50%, and they hold just 18% of senior leadership roles in India. LWL states that it is currently active in Delhi-NCR, Mumbai, and Bangalore, with plans to expand to a wider audience across the country and further diversify its membership. The platform claims to have over 1,200 members spanning more than 50 industries.
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Google makes new proposal to stave off EU antitrust fine, document shows - The Economic Times
Economic Times
·
1m ago
Medial
The US tech giant has been under pressure after being hit in March with European Union antitrust charges of unfairly favouring its own services such as Google Shopping, Google Hotels and Google Flights over competitors.
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Footwear brand Inc.5 raises maiden institutional funding of $10 million
Economic Times
·
1y ago
Medial
Legacy footwear brand Inc.5 Shoes has secured its first venture funding of $10 million in a round led by Carpediem Capital, with participation from Param Capital and P3 Venture Fund. The Mumbai-based company, operating 74 stores and selling through online channels, plans to use the funds to expand its store and warehousing footprint, add new product categories, and strengthen its senior leadership. Inc.5 aims to have 100 stores by March 2024 and is looking to increase its warehousing capacity by over 25,000 square feet.
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The Future of Writing in an AI-Driven World
Internet
·
8m ago
Medial
Paul Graham warns that in the future, fewer people will be able to write due to the rise of AI, which diminishes the pressure to develop writing skills. He highlights that writing is essential for clear thinking and that a divide will emerge between those who can write well and those who cannot. This shift may lead to a society where critical thinking diminishes, echoing concerns about the loss of skills in a technology-driven world.
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Sebi confirms JM Financial ban on public debt issues
Livemint
·
1y ago
Medial
The Securities and Exchange Board of India (SEBI) has confirmed its interim order barring JM Financial from acting as a lead manager for new public issues of debt securities. This comes after SEBI found serious regulatory lapses when the company acted as a lead manager for a public issue. JM Financial gave a voluntary undertaking that it will not take up new mandates as a lead manager until May 2025, and also requested to resolve the matter through the settlement mechanism under SEBI regulations.
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What Mahima Bhalotia learned from Aman Gupta at Mumbai Airport
Inshorts
·
3m ago
Medial
At Mumbai Airport, Mahima Bhalotia met Aman Gupta and gained powerful insights into authenticity, relatability, and backing the underdog. As the founder of The Social Paathshala, she’s applying these lessons to empower older adults with digital skills, proving that empathy-driven innovation can transform lives, especially when guided by leaders who lead with heart, like Aman.
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Ebix Files for Chapter 11 Bankruptcy in Texas
Livemint
·
1y ago
Medial
On December 17, Ebix Inc. and its US subsidiaries filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Northern District of Texas. The move comes as Ebix Inc. faces financial challenges, including outstanding borrowings of $639.3 million as of December 31, 2022. EbixCash, its India unit, had planned to go public but faced delays. The bankruptcy filing seeks relief under Chapter 11 and addresses the company's debt situation. Ebix Inc. has been attempting to sell its India IPO story to secure extensions from creditors for debt repayment in recent years.
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Google DeepMind chief calls Meta’s AI criticisms ‘preposterous’
Economic Times
·
1y ago
Medial
Demis Hassabis, co-founder of DeepMind, responded to criticism from Meta Platforms Inc.'s chief AI scientist, Yann LeCun, who accused some leaders in the industry of exaggerating the existential risks of AI. Hassabis defended the need to approach AI in a responsible manner, emphasizing the importance of foresight and a scientific method to anticipate unintended consequences. He also highlighted the significance of international agreement on the long-term risks of AI to be well-prepared for potential challenges.
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