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☆ This Harvard dropout and her brother launched a company to conserve liquids in factories
▼ + stars: | 2023-07-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

"As with every family business, everyone is involved in the family business," Annie told CNBC. We grew up in the sector," Annie told CNBC. Zoom In Icon Arrows pointing outwards Annie and David Lu at a Harvard Innovation Labs event, when they were still ideating. As part of this partnership, Unilever tested the H2Ok Innovations solution at its Ben & Jerry's facility in Waterbury, Vermont. "They are exceptionally smart, visionary and courageous — the kind of founders investors dream to back," Iskold told CNBC.

Persons: David, Annie Lu, Annie Lu Annie Lu, Lu, Lu's, hasn't, Annie, David's, David Lu, David Lu They, Sandeep Desai, Desai, Jeff Bussgang, Alex Iskold, doting, Iskold, Dayna Grayson, We've, David giggled, it's Organizations: Harvard, CNBC, H2Ok, Construct, Flybridge, Ventures, Greentown Labs, Forbes, H20k, Harvard Innovation Labs, Unilever, AB InBev, Coca Cola Co, Colgate, Palmolive, Waterbury, Unit, Flybridge Capital, Construct Capital Locations: China, Saskatoon, Canada, Bay, Techstars, Boston, Minnesota, Minneapolis, Waterbury , Vermont, U.S, Brazil, United States, H2Ok

☆ Domino's Pizza inks a deal with Uber Eats
▼ + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Domino’s Pizza has long been a holdout of using third-party delivery apps in the United States. Customers can soon order Domino’s full menu on Uber Eats and Postmates, with a partnership announced Monday that is scheduled to roll out nationwide by the end of the year. And in 2021 Domino’s even gave away $50 million in free food to counter the “surprise fees” from delivery apps. “Other food delivery apps charge customers with hidden city or service fees,” the company said at the time. However, Domino’s employees will still deliver the pizza rather than Uber Eats drivers, Weiner said.

Persons: It’s, ”, Russell Weiner, Uber, Domino’s, weren’t, Weiner, Sandeep Reddy Organizations: New, New York CNN, Wall Street Locations: New York, United States

☆ ICICI Bank is dealmaking from a place of strength
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

The $80 billion ICICI Bank (ICBK.NS) is weighing up a delisting of its broking firm ICICI Securities (ICCI.NS), the news prompted a 10% rally in the shares of the $2.4 billion unit. This time the country’s second largest private sector lender is dealmaking from a position of strength. It was one among a flurry of subsidiary IPOs that battered lenders including State Bank of India (SBI.NS) undertook to generate cash. ICICI Bank was particularly vulnerable, with then CEO Chanda Kochhar battling allegations of dodgy lending to the Videocon group. ICICI Securities trades at roughly 18 times trailing earnings but went public at more than twice that valuation, Centrum Broking calculated at the time.

Persons: Chanda Kochhar, Sandeep Bakhshi, Shritama Bose, Blackstone, Aston Martin, Una Galani, Thomas Shum Organizations: Reuters, ICICI Bank, ICICI Securities, State Bank of India, Twitter, Siemens, Telecom Italia, Vivendi, Thomson Locations: MUMBAI, Canada

☆ Why consumers calling the shots on how their data is used will transform the next digital decade
▼ + stars: | 2023-06-20 | by ( Sponsor Post | Created Insider Studios With Mastercard | ) www.businessinsider.com time to read: +7 min

We must begin with the most basic building block of the digital economy — data. As consumers we often give away our data for free, without knowing why, what happens with it, or that we've even given it away. In the digital economy, there are broadly three different types of data: data of identity, data of places, and data of experiences. Secondly, data of places can be used to geolocate consumer behavior, collecting information on where you shop, drive, and live. Finally, the speed and convenience of data of identity and places creates data of experiences, which connects us with a community.

Persons: Sandeep Malhotra, it's, you've Organizations: Mastercard Companies, Government, Changi Airport, Mastercard, Companies, Insider Studios Locations: Asia Pacific, Asia, Southeast Asia, Singapore, Thailand

☆ Domino's can find you wherever you are with new Google pin drop tech
▼ + stars: | 2023-06-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Domino's is using Google Maps tech to launch Pinpoint Delivery. Domino's has seen a slowdown in its delivery business due to inflationary pressures on customers. The pizza chain, which bills itself as a tech chain that happens to sell pizza, is leveraging Google Maps technology to deliver pizzas to locations without addresses, such as parks, beaches, and baseball fields. Domino's is leveraging Google Maps tech for Pinpoint Delivery. There's no extra cost for Pinpoint Delivery, which comes as inflationary pressures have hurt Domino's delivery business.

Persons: Domino's, —, Christopher Thomas, Moore, Carl Orsbourn, Sandeep Reddy, Reddy Organizations: Google, Service, Oppenheimer, Commerce, NPD

☆ How India’s deadly train accident affected poorest passengers the most
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +6 min

On the Howrah they were the farthest from the engine, and were hit by the derailed Coromandel Express carriages. Graphic shows the sequence of coaches behind the engine on the Coromandel Express and Howrah Superfast Express. On the Coromandel Express, the engine is closely followed by non-air conditioned coaches, including three unreserved coaches. Deaths and injuries in Indian railway accidents Graphic shows the number of deaths and injuries in Indian railway accidents annually since 2001. Drone footage shows aftermath of train crash in the Indian state of Odisha Drone footage shows aftermath of train crash in the Indian state of Odisha | ReutersThe site of the accident is rural.

Persons: Bahanaga, Sandeep Mathur, Long, Narendra Modi Organizations: Coromandel, Reuters, Indian Railways, Commission of Railway Safety, Railways, CRS, Superfast Express, Express, Railway Ministry Locations: Chennai, Odisha, Balasore, Indian, Kolkata, Bengaluru, India, Coromandel, Howrah, Bihar, Odisha’s Balasore

☆ Adam Neumann, the ousted CEO of WeWork, toyed with a rescue package for the company
▼ + stars: | 2023-06-12 | by ( Al Yoon | ) www.businessinsider.com time to read: +3 min

Adam Neumann made motions in October to invest in WeWork, The New York Times reported. Options for the company have been whittled down, and now include bankruptcy, The New York Times reported on Monday. One opportunity batted away by Mathrani came from Adam Neumann, who was pushed out as WeWork's CEO in 2019, the Times reported. The meeting, which was potentially to discuss an investment with other investors of as much as $1 billion and a debt buyback, didn't happen, the Times reported. More recently, IWG, a company that also offers work spaces for remote and hybrid workers, made an offer to operate WeWork's spaces, according to the Times.

Persons: Adam Neumann, Sandeep Mathrani, IWG, —, Mathrani, Neumann, JLL, WeWork, Trepp Organizations: The New York Times, Service, Times, WeWork Locations: WeWork, The

☆ WeWork Faces More Turmoil After Its Chief Executive Departs
▼ + stars: | 2023-06-12 | by ( Maureen Farrell | Peter Eavis | ) www.nytimes.com time to read: +1 min

A real estate executive, he became the chief executive of the troubled office space company in 2020 after a failed initial public offering pushed it to the brink of collapse. He instilled discipline and order on a business that had grown fast and chaotically under its co-founder Adam Neumann. Instead of building a company that would “elevate the world’s consciousness” as Mr. Neumann had wanted, Mr. Mathrani focused on the staid details of running a real estate company. He steered WeWork through the pandemic, got its landlords to accept less rent, took the company public and oversaw a financial restructuring, completed last month, that cut the company’s debt. But just weeks after the restructuring, the company said on May 16 that Mr. Mathrani would step down, and that no permanent successor was lined up.

Persons: Sandeep Mathrani, Adam Neumann, Neumann, Mathrani, — Organizations: Wall Street Locations: WeWork

Indian and international media have previously reported that a possible malfunction in the automated signalling system may have led to the crash. However, details of the frequent malfunctions at the nearby rail-road barrier and its possible connection to a manual bypass of the signalling system are reported by Reuters for the first time. A spokesman for Indian Railways said "repair works keep happening as per requirements" but tampering with the automated system is not allowed. "(Indian) Railways believes the system was tampered with," said the second source, who has access to briefings on the investigation. The Indian Railways spokesman did not directly address the authorisation issue and only said it is not allowed under Indian Railways rules.

Persons: Amitabh Sharma, Sharma, Soubhagya Ranjan Sarangi, Narendra Modi's, Jaya Varma Sinha, Sinha, Sandeep Mathur, Mathur, Sudhanshu Mishra, Krishn Kaushik, Jatindra, Sarita Chaganti Singh, YP Rajesh, Angus MacSwan Organizations: Railways, Reuters, of Railway Safety, CRS, Railway Board, Railways Ministry, Indian Railways, police’s Central Bureau of Investigation, CBI, Coromandel Express, Express, YP, Thomson Locations: India, DELHI, Bahanaga Bazar, Balasore, Odisha, Bahanaga, Niranjan, Chennai, Kolkata, New Delhi

☆ India's currency in circulation falls further post RBI currency withdrawal move
▼ + stars: | 2023-06-08 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

Currency in circulation was down by 272.8 billion rupees ($3.30 billion) for week ended June 2, data from the Reserve Bank of India (RBI) on late Wednesday showed. It was down by 364.9 billion rupees in the week ended May 26. On May 19, the RBI had said it will start withdrawing 2,000-rupee denominated notes from circulation. People holding those notes were to deposit them in their respective bank accounts or exchange them for smaller denominations between May 23 and September 30. "It can be safely assumed that the banking system liquidity would increase by one trillion rupees to two trillion rupees gradually over the next few months," said Sandeep Bagla, chief executive officer at Trust Mutual Fund.

Persons: Sandeep Bagla, Dharamraj Dhutia, Nivedita Organizations: Reserve Bank of India, Reuters Graphics Reuters, Reuters, Trust Mutual Fund, Thomson Locations: MUMBAI

☆ India rail crash probe focuses on track management system
▼ + stars: | 2023-06-04 | by ( Yp Rajesh | ) www.reuters.com time to read: +3 min

NEW DELHI, June 4 (Reuters) - Investigators are probing an electronic track management system that they suspect malfunctioned and caused India’s deadliest train crash in more than two decades, railways officials said on Sunday. In their first detailed briefing on the crash, Indian Railways officials said that failure of the track management system was the main focus of investigations. The computer-controlled track management system, called the “interlocking system”, directs a train to an empty track at the point where two tracks meet, Sandeep Mathur, principal executive director for signalling, told reporters. It also coordinates and controls the signal to an oncoming train, indicating whether the train has to move straight or switch to a new track, he said. The interlocking system should not have allowed the Coromandel Express to take the loop track, Sinha said.

Persons: Sandeep Mathur, ”, Jaya Varma Sinha, Sinha, Adnan Abidi, Frances Kerry Organizations: Indian Railways, Railway Board, REUTERS, Express, YP, Thomson Locations: DELHI, Odisha, Balasore district, Coromandel, Chennai, Kolkata, India, Howrah

☆ WeWork short-sellers have made $440 million in profits as shares have plunged 96% in a year
▼ + stars: | 2023-05-19 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

WeWork short-sellers have made a hefty $440 million in profits over the past year. The big gains come on the back of a 96% plunge in the real-estate company's stock in the past 12 months. The abrupt departure of CEO Sandeep Mathrani has also weighed heavily on WeWork's share price. Short-sellers raked in paper profits of about $440 million for the year through Wednesday's close, S3 Partners data shows, cited by Bloomberg. The hefty gains for traders come on the back of a 96% plunge in WeWork's share prices over the past 12 months.

☆ How screwed is WeWork? One of its bonds trades at 56 cents on the dollar, and Fitch Ratings thinks default is a real possibility.
▼ + stars: | 2023-05-19 | by ( Alistair Barr | Joe Ciolli | ) www.businessinsider.com time to read: +3 min

One of its bonds trades at 56 cents on the dollar, and Fitch thinks default is a real possibility. One of WeWork's bonds, which matures in 2025, recently traded at 56 cents on the dollar, according to Bloomberg data. A healthy company's debt often trades at 100 cents on the dollar, or at a very slight discount. Fitch upgraded WeWork's issuer default rating to 'CCC-', in a nod to the debt restructuring. Discussions of debt restructuring represent a striking new low for a company that used to be one of the most valuable startups ever.

☆ WeWork CEO Mathrani to step down after joining Sycamore Partners as director
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

May 16 (Reuters) - WeWork Inc (WE.N) on Tuesday said that Sandeep Mathrani would step down as the workspace provider's chief executive officer, effective May 26, while Sycamore Partners named him as a director to lead its real estate activity. Mathrani was named WeWork CEO in 2020 and tasked with the company's turnaround following a botched IPO attempt and amid rising investor concerns over corporate governance standards. The company, which said Mathrani's resignation was not a result of any disagreement, named board member David Tolley as interim CEO. WeWork said lead independent director Daniel Hurwitz would serve as chairman of the board and head a special committee that will search for a permanent CEO. WeWork shares have fallen about 76% so far this year, resulting in a market capitalization of $745.42 million, according to Refinitiv data.

☆ Buttler regains form but Hyderabad clinch last-ball thriller
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, May 8 (Reuters) - Rajasthan Royals opener Jos Buttler roared back to form but Abdul Samad's last-over heroics ensured Sunrisers Hyderabad had the last laugh in Sunday night's dramatic Indian Premier League (IPL) contest. England limited-overs captain Buttler started the season well but went into the match without a fifty in his previous six knocks that included a couple of ducks. But with Hyderabad needing 41 runs off the last two overs, Glenn Phillips, who made 25 off just seven balls, turned the match on its head. Samad smacked the final delivery over the bowler's head for a flat six to secure Hyderabad's fourth win in 10 matches. Rajasthan captain Samson defended picking Sandeep to bowl the final over.

☆ Opinion | Learning How to Talk to People With Alzheimer’s
▼ + stars: | 2023-04-27 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “When My Father Got Alzheimer’s, I Had to Learn to Lie to Him,” by Sandeep Jauhar (Opinion guest essay, nytimes.com, April 7):Dr. Jauhar shares a valuable lesson that can benefit many dementia caregivers while showing love and compassion to individuals affected by Alzheimer’s and other forms of dementia. Not sharing absolute truths with a family member living with dementia is not about deception. It’s about finding ways to connect that makes sense to the person while keeping them safe, secure and comfortable. Caregivers should be flexible and find ways to communicate with the person that makes sense to them. Meeting the person with Alzheimer’s where they are in the moment is the most compassionate thing a caregiver can do.

☆ Remote work is 'bullshit,' says real-estate billionaire Sam Zell, to cheers from fellow execs who profit from offices
▼ + stars: | 2023-04-23 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Sam Zell said at a conference last week that remote work is "a bunch of bullshit." Office doomers abound, but real estate professionals t hink they just don't get it. Sam Zell, the notorious "Grave Dancer" of commercial real estate known for his salty tongue, is always happy to have a platform. He was in a cheeky mood, at least when the conversation turned to today's third-rail of commercial real estate: office properties abandoned by remote workers. The trend and dire outlook had real estate giant Brookfield defaulting on a loan tied to offices this month for the second time this year.

☆ India's ICICI Bank posts 30% jump in Q4 net profit
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, April 22 (Reuters) - India's ICICI Bank (ICBK.NS) on Saturday reported a 30% increase in fourth-quarter net profit helped by improved net interest income and growth in loans. Standalone net profit rose to a record 91.22 billion Indian rupees ($1.11 billion) from 70.19 billion a year earlier. Net interest income, the difference between interest earned and paid, rose 40.2% to 176.67 billion rupees while the private lender's net interest margin widened to 4.90% from 4%. "At this point in time, we are very comfortable with our deposit growth," Executive Director Sandeep Batra told reporters on a conference call. "I do not think deposit growth will be a constraint to our ability to grow our assets in a risk-calibrated manner."

☆ Palm oil's rare premium leads to 'wash out' in India -dealers
▼ + stars: | 2023-04-19 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +3 min

Palm oil usually trades at a discount to soft oils, but import restrictions by top producer Indonesia have helped to push palm oil to a premium, making sun oil and soyoil more attractive to buyers. This has prompted some Indian buyers to reduce purchases of palm oil for May shipments and increase soft oil imports. Lower palm oil imports by India, the world's biggest buyer of vegetable oils, could weigh on Malaysian palm oil prices , but support soyoil and sunflower oil prices. But palm oil has moved to a premium at the same time as soft oil prices have dropped, partly due to a record rapeseed crop. Palm oil's discount to rival oils was much as $500 in the December quarter, but now it is holding a rare premium of more than $30 per tonne over sunoil for May shipments, dealers said.

☆ Newmont plumps final bid for Australia's Newcrest to $19.5 bln
▼ + stars: | 2023-04-11 | by ( Melanie Burton | ) www.reuters.com time to read: +4 min

If successful, the deal would lift Newmont's gold output to nearly double its nearest rival Barrick Gold Corp (ABX.TO). Newcrest said on Tuesday it had given U.S.-based Newmont access to its books following the sweetened all-share bid that has received some support from shareholders. The latest bid is 16% higher than Newmont's initial proposal, and represents around a 46% premium to Newcrest's share price on Feb. 3 before Newmont's first bid was announced. Reuters had reported that Newmont was open to raising its offer price for Newcrest. Barrick and miner Sibanye Stillwater Ltd (SSWJ.J) have told Reuters they are not interested in bidding for Newcrest.

☆ Asia is aging rapidly. Strategists reveal stocks to cash in — including tech
▼ + stars: | 2023-04-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

He recommended the Global X Aging Population ETF , which includes not just health-care companies and pharmaceutical firms, but also wearables and medical device companies such as Cochlear, GN Store Nord and Teleflex. China's 'very promising bets' Investors can look to focus on China's aging population by market reach or income segment, according to Leverage Shares' Rao. As for investors looking to get exposure to China's wealthier income segment, he named Raffles Medical, Asian Healthcare Specialists and IHH Healthcare — stocks that will also give similar exposure in other Asian countries. Dividend payers and financial services High-dividend-paying stocks as well as financial services are set to benefit from the aging population, according to analysts. Another potential beneficiary of aging populations is financial services, according to Rob Clarry, investment strategist at wealth manager Evelyn Partners.

☆ Newmont plumps offer for Australia's Newcrest to $19.5 bln
▼ + stars: | 2023-04-10 | by ( Melanie Burton | ) www.reuters.com time to read: +3 min

Under the revised offer, Newcrest shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$32.87 a share, up from a previous exchange ratio of 0.380 that Newcrest's board unanimously rejected in February. Newcrest shares rose by as much as 7% to A$30.28 but still traded below the implied offer price. The latest bid is 16% higher than Newmont's initial proposal, and represents a 46% premium to Newcrest's share price on Feb. 3 before Newmont's bid was announced, Newcrest said. Reuters had reported that Newmont was open to raising its offer price for Newcrest. The revised deal is just shy of Glencore's $22.5 billion takeover offer for Canada's Teck Resources Ltd's (TECKb.TO) that was announced earlier this month.

☆ WeWork CEO Sandeep Mathrani: Today's occupiers are looking for turnkey solutions
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeWork CEO Sandeep Mathrani: Today's occupiers are looking for turnkey solutionsWeWork CEO Sandeep Mathrani joins 'Squawk Box' to discuss his views on the state of work, pressures on WeWork's business, and more.

REUTERS/Daniel BecerrilLONDON, March 29 (Reuters) - Drugs that combat obesity could for the first time be included on the World Health Organization's "essential medicines list," used to guide government purchasing decisions in low- and middle-income countries, the U.N. agency told Reuters. A panel of advisers to the WHO will review new requests for drugs to be included next month, with an updated essential medicines list due in September. The request to consider obesity drugs was submitted by three doctors and a researcher in the United States. The majority – 70% - live in low- and middle-income countries. EXPANDING ACCESSIncluding obesity drugs among the WHO's essential medicines could have great significance for that population.

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