Ford is ending production in India and taking a hit of $2 billion as it retrenches from a market that has been almost impossible for American automakers to break into.CNN Reports
In an announcement Thursday, the company said that roughly 4,000 employees will be laid off and manufacturing will end immediately. CEO Jim Farley said the move was “difficult but necessary” to achieve long-term growth.
When a top car company is willing to take a hit of $2 Billion dollars to leave India, that is in some way a statement about India’s manufacturing prowess.
The statistics are chilling,’ Ratan said in 2006. ‘We [in India] produce 18 million new people every year. That’s [almost] one Australia each year. I would love to see the disparity between the rich and poor reduced. If you have a billion people that should be our strength.’The Print
permanently restrained and enjoined from prohibiting developers from including in their apps and their metadata buttons, external links, or other calls to action that direct customers to purchasing mechanisms, in addition to In-App Purchasing and communicating with customers through points of contact obtained voluntarily from customers through account registration within the app.The Verge
In coming days, lots and lots of ink will be spilled on this story and its implication. Its good to be a nerd.
My guest today is Dr. Willy Shih. He’s the professor of management practices at Harvard Business School. He’s an expert on chips and semiconductors — he spent years working at companies like IBM and Silicon Graphics. And he’s also an expert in supply chains — how things go from raw materials to finished products in stores. Willy’s the guy that grocery stores and paper companies called in March 2020 when there was a run on toilet paper. If anyone’s going to explain this thing, it’s going to be Willy.Source: The Verge
Excellent article on global chip shortage.
Asia’s wealthiest person is now worth $92.6 billion, according to the Bloomberg Billionaires Index. The Indian tycoon is closing in on L’Oreal’s Francoise Bettencourt Meyers at $92.9 billion, as both move closer to a rarefied group of men with fortunes of $100 billion.Bloomberg
India captain Virat Kohli and his actor wife Anushka Sharma have donated ₹2 crore to a fund-raising project, which will raise a total of ₹7 crore to support the country’s fight against the COVID-19 pandemic.The Hindu
WoW, Virat and Anuksha donated Rs 2 Crores towards COVID relief!! Amazing. God bless them.
Not counting Anuksha’s income, Virat alone made Rs 100 crores last year and around Rs 80 crores year before. And they donated only Rs2 Crores to their beloved Delhi.
What type of person are you ?
If users do not agree to the new policy, after several weeks they will begin to lose access to their chat lists, WhatsApp said. Users will only be able to call and message someone if they are contacted first and click on a notification.Business Insider Reports
How long can we keep using free stuff?