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☆ 4 members of UK's richest family convicted of exploiting servants at Swiss mansion
▼ + stars: | 2024-06-22 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

A Swiss court convicted four members of the UK's richest family of exploiting staff at their Geneva villa. The family was given sentences ranging from four to four-and-a-half years. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Swiss court has convicted four members of the UK's richest family of exploiting staff at their Geneva mansion. They were given sentences ranging from four to four-and-a-half years, the report said.

Persons: —, Prakash Hinduja, Kamal, Ajay, Namrata Organizations: Service, BBC, Business Locations: Geneva

☆ Swiss Court Set to Rule in Trafficking Case Involving U.K.’s Richest Family
▼ + stars: | 2024-06-21 | by ( Isabella Kwai | ) www.nytimes.com time to read: 1 min

A Swiss court is expected to issue a ruling on Friday on whether members of Britain’s wealthiest family are guilty of human trafficking over allegations they exploited domestic workers at a luxury villa in Geneva. Prosecutors charged four members of the Hinduja family — Prakash Hinduja, Kamal Hinduja, Ajay Hinduja and Namrata Hinduja — and accused them of trafficking several workers from India, confiscating their passports and forcing them to work 16-hour days without overtime pay in the villa. Lawyers representing the Hindujas have denied the allegations. The Hinduja family helms a multinational conglomerate with large holdings in automotive manufacturing, banking, oil and gas, real estate and health care. The Sunday Times of London recently estimated the family’s net worth to be 37 billion pounds, or $47 billion, and listed them as Britain’s richest family.

Persons: Prakash Hinduja, Kamal Hinduja, Ajay Hinduja, —, helms Organizations: Prosecutors, Sunday Times Locations: Geneva, India, London

To get there, the country needs to rope in young scientists, startups, investors, and private industry partners, none of whom respond well to a closed-off approach, senior ISRO scientists said. Publicising ISRO scientists' achievements has given them more confidence and brought space startups to the door, asking for guidance as they plan private launches. A more responsive agency makes such partnerships more attractive, private space insiders say. "Private industry does not need help, they need predictability," said D S Govindrajan, president of Aniara Communications, which provides satellite services for emerging markets. Modi's government, heading for elections next year, is pushing the development of India's space industry.

Persons: Namrata Goswami, Narendra Modi, Sruthi Parupudi, Somanath, Govindrajan, Ashok Sharma, Somak Raychaudhury, Raychaudhury, Nivedita, Gerry Doyle Organizations: ISRO, Handout, REUTERS, Rights, Indian Space Research, YouTube, Thunderbird School of Global Management, Arizona State University, Aniara Communications, NASA, University of New, Australian Defence Force Academy, Indian, NewSpace India, Indian Space Association, Ashoka University, Thomson Locations: India, Indian, Ahmedabad, U.S, China, University of New South Wales, Canberra, Bengaluru

☆ Carbon accounting was red hot in 2021. Now it's facing widespread consolidation, investors say.
▼ + stars: | 2023-08-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Carbon accounting startups peaked in 2021, raising over $5 billion from investors. The rise of carbon accountingThere are around 50 European carbon accounting companies, many of which didn't exist before 2019, according to Insider's own research. Venture capitalists are typically bullish on SaaS because it can scale quickly with few overheads, which is the promise many carbon accounting companies make. Carbon accounting business models often fell short of true SaaS scalability and instead relied on employees doing tasks manually, despite touting automation, investors said. The next generation of carbon accounting companies should be hyper-focused on one niche – for example, accounting for methane in the agricultural industry or water use.

Persons: Niklas Kaskeala, Antero Vartia, grimly, Kaskeala, That's, Namrata Sandhu, Luca Schmid, ClimateTrade, Germany's, Australia's Envizi, EcoOnline, Germany's Planetly, Buyers aren't Organizations: Sequoia, Octopus Ventures, Cherry Ventures, Balderton, Investors, Venture, Germany's TeamClimate, Watershed, IBM, Sage, SoftBank, KPMG, Enterprise, SAP, Oracle Locations: Helsinki, Finnish, Coatue, Europe, Zalando, London

☆ A former Noma intern at the $500-a-person restaurant said she was forbidden to laugh and paid nothing to assemble beetles out of fruit leather in silence
▼ + stars: | 2023-01-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

An intern at Noma said she was told not to laugh during an unpaid stint at the world's top restaurant. Namrata Hegde worked at Noma in 2017 but said she spent little time learning about cooking. The closure comes as founder René Redzepi told the Times that he cannot compensate staff fairly while keeping the restaurant open. Her managers, who were junior chefs at Noma, told Hegde that she was not allowed to make noise, including laughter, while she worked, she told the Times. "I thought an internship was about me learning, as well about contributing to Noma's success," Hegde told the Times.

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