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China smartwatch shipments at 3-year low

Editorial Staff
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China’s smartwatch market experienced its lowest level of shipments in 12 quarters, with a decline of 28% YoY and 16% QoQ in Q1 2023. According to Counterpoint Research, the top three brands during this time were Huawei, Apple and BBK (imoo), who together held almost 60% of the smartwatch market in China. The demand for smartwatches remained weak even after the Spring Festival, and the market required more time to recover. However, shipments of high-level operating system (HLOS) smartwatches saw the least YoY drop, with an increased share from 39% to 45% in Q1 2022. Huawei was the most successful brand, with a 27% share, while Apple took the second-largest share, and OPPO was the only brand to see an increase in YoY and QoQ shipments.

Huawei is a Chinese multinational technology company that offers various products and services including technology infrastructure, smart devices, and cloud services. Huawei was founded in 1987 and is headquartered in Shenzhen, China. It is one of the leading smartphone manufacturers globally.

Shenghao Bai is a senior analyst at Counterpoint Research, a global market research firm focused on technology industries. Counterpoint Research provides analysis on the smartphone, automotive, semiconductor, and IoT industries, and offers custom research on specific industries and markets. Bai specializes in research on wearables and mobile devices in China.

Jaishankar’s upcoming tour to South Africa and Namibia from Thursday

Editorial Staff
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Indian External Affairs Minister S. Jaishankar is scheduled to embark on a two-nation tour of South Africa and Namibia from Thursday. He is set to first visit South Africa from May 31 to June 2, where he will participate in the BRICS Foreign Ministers’ meeting to be held in Cape Town. During his visit, he will hold a bilateral meeting with his South African counterpart Naledi Pandor. Jaishankar will also call on South African President Cyril Ramaphosa and is expected to hold bilateral meetings with other BRICS foreign ministers and ministers from other countries. He will have an interaction with the Indian diaspora in Cape Town before proceeding to Namibia from June 4 to 6. This will be the first visit by an Indian External Affairs Minister to Namibia. Jaishankar will call on the top leadership of the country during his visit and also meet with other ministers of the government. He will also co-chair the inaugural session of the joint commission meeting with the Namibian Deputy Prime Minister and Foreign Minister Netumbo Nandi-Ndaitwah and interact with the Indian diaspora. The visit is expected to further strengthen the bilateral relations between India and the two countries.

The article does not mention any specific company.

The person mentioned in the article is S. Jaishankar, who is the External Affairs Minister of India.

Indo Oil Perkasa declares cash dividend of IDR 3.09 per share in 2023

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Indo Oil Perkasa, a coconut oil producer and exporter, is set to distribute a cash dividend of IDR 3.09 per share, totalling IDR 1.41 billion. Johan Widakdo Liem, President Director of Indo Oil Perkasa, has confirmed that the cash dividend has been agreed upon by shareholders during the Annual General Meeting of Shareholders (GMS) held last week. OILS shareholders whose names appear on the recording date of June 9, 2023, will be eligible for the cash dividend which will be paid out on June 27, 2023. The company’s net profit for the 2022 financial year was IDR 12.78 billion, with a retained earnings balance of IDR 11.37 billion. The company’s total equity was recorded at IDR 82.79 billion.

Indo Oil Perkasa Tbk is an Indonesian company that produces and exports coconut oil. Founded in 1975 as PT. Timur Dalih Sampurna, the company produces its coconut oil from the finest coconuts across Indonesia. It is headquartered in Jakarta, Indonesia, and is listed on the Indonesia Stock Exchange under the ticker symbol OILS.

Johan Widakdo Liem is the President Director of Indo Oil Perkasa Tbk. He is a seasoned professional with more than 20 years of experience in corporate planning, finance, and management. Johan Widakdo Liem is credited with successfully steering the company to its current position as a leading coconut oil producer and exporter. He is committed to the company’s sustainability initiatives and is focused on promoting responsible business practices.

India’s Transformation in Less Than a Decade as Reported by Morgan Stanley

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A new report from Morgan Stanley Research highlights that India has undergone significant positive changes in the last 10 years, resulting in a different India than what it was in 2013. This transformation is largely attributed to India’s policy choices, including supply-side policy reforms, formalisation of the economy, the Real Estate (Regulation and Development) Act, digitalising social transfers, the Insolvency and Bankruptcy Code, flexible inflation targeting, a focus on FDI, India’s 401(k) moment, government support for corporate profits and MNC sentiment at multiyear highs. The report shows that these changes have significant implications for India’s economy and market outlook and disputes the scepticism of overseas investors who argue that India has not delivered its potential. India is now positioned differently in the world order, with tailwinds and healthy balance sheets. On May 18th, Morgan Stanley said India is poised to grow 6.2% in the current financial year 2023-24, with improving macro stability indicating that the monetary policy will not have to turn restrictive.

Sarpanches give Haryana government ultimatum at Jind rally

Editorial Staff
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The Haryana Sarpanch Association (HSA) has given the state government 10 days to accept their demands, during a rally of 10,000 people outside Jind’s Eklavya stadium. The HSA is demanding the complete implementation of the Panchayati Raj Act, cancellation of the right to recall MLAs and MPs, an increase in daily wages under the job guarantee scheme to Rs 600, rollback of the e-tendering system, and more. HSA chief Ranbir Singh Samain has said that if the demands are not met in 10 days, sarpanches will fix ‘boycott BJP-JJP’ posters outside every village and cordon the homes of Haryana MPs on June 20. They have also threatened to post 30 people at every booth until 2024 to ensure the defeat of the BJP-JJP combine in the state and boycott any political party that fields panchayat minister Devender Babli in the next assembly elections.

The Haryana Sarpanch Association (HSA) is an organization that represents sarpanches (village heads) in the Haryana state of India. They work towards safeguarding the rights and interests of sarpanches and strengthening the Panchayati Raj system in the state.

Ranbir Singh Samain is the chief of the Haryana Sarpanch Association. He is a prominent figure in the state’s politics and has been advocating for the rights of sarpanches and the implementation of Panchayati Raj Act in the state. He has been at the forefront of several agitations and protests, demanding the fulfilment of the association’s demands.

Exciting Regional Barista Championship at TWC!

Editorial Staff
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Six talented and passionate baristas from Mumbai and Pune emerged victorious as esteemed ambassadors of Third Wave Coffee (West) in the Regional Barista Championship (West Zone) held in Oberoi Mall, Mumbai. The grand finale will take place in Bengaluru on June 13 and 14, where the top 18 participants from across India will compete for the title of Barista Champion of Third Wave Coffee, and the top six performers will earn the distinction of representing Third Wave Coffee externally in the National Barista Championship. The participants showcased their coffee-making skills in front of a live audience, crafting an impressive array of 4 sets of espresso, 4 sets of milk-based beverages, and 4 sets of signature beverages, incorporating their unique blend of ingredients that showcased their personal style and innovative techniques. The competition aims to recognize the artistry, precision, and groundbreaking innovation involved in crafting extraordinary coffee creations while unifying coffee enthusiasts from various regions.

Third Wave Coffee is one of the leading specialty coffee chains in India, with over 50 stores in various cities. Their mission is to promote the art of specialty coffee-making, foster a vibrant community of coffee enthusiasts, and source the finest coffee beans from around the world.

Santosh Baswaraj, the Assistant Manager at TWC’s Learning and Development department, and a former representative of TWC at the World Barista Championship in Melbourne, served as one of the five esteemed judges in Monday’s Regional Championship.

Capgemini Achieves 100% Renewable Energy in India

Editorial Staff
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Capgemini, a multinational consulting and technology services company, announced that all its offices in India are now operating on 100 percent renewable energy. The company has avoided over 70,000 tonnes of carbon emissions per year, thanks to its embrace of renewable energy from onsite generation, offsite purchase through power purchase agreements and green power purchased through utility programs. Capgemini in India employs over 180,000 people across 13 cities, and has built 11.5MWp of on-premise solar plants across all campuses in the country that can even export surplus energy. Capgemini also recently installed a state-of-the-art ‘Battery Energy Storage Solution’, with an integrated Energy Management System and AI analytics, to decarbonize its energy usage further.

Headquartered in France, Capgemini is a global leader in consulting, technology services, and digital transformation.

Ashwin Yardi, CEO of Capgemini in India, said, At Capgemini, sustainability has always been a priority, and, over the years, we have taken significant steps to ensure we reduce our carbon footprint. In India, we have progressed our journey towards our net-zero goal, through this milestone of achieving 100 percent renewable energy across all offices in India.

Mitgo Expands Presence in APAC with New Offices in Indonesia and Singapore

Editorial Staff
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Global IT/MarTech company, Mitgo, has opened two new offices in Indonesia and Singapore to expand its presence in the Asia-Pacific (APAC) region. Mitgo’s global partner network, Admitad, is the first of its businesses to enter these markets, with long-term partners including Adidas, Shein, Norton, Banggood and Aliexpress. The new offices are expected to help Mitgo gain a larger share of the Southeast Asian market, which is currently experiencing incredible growth. Mitgo’s Managing Director, Neha Kulwal, who is recognised as one of the 50 Most Influential Digital Leaders by CMO Asia, will lead their expansion into these regions. Mitgo plans to invest in the local digital environment by recruiting local talent, supporting promising new projects, and sponsoring events. The company also plans to expand their footprint into other countries in the region, such as Vietnam and the Philippines.

Mitgo is a global IT/MarTech company that has a significant share of the MarTech market in India. The company offers solutions such as software development, web development, mobile app development, UI/UX design, digital marketing, and IT consulting.

Neha Kulwal is the Managing Director of Mitgo in the Asia-Pacific region. She has extensive experience in the Southeast Asian market and has been recognised by CMO Asia as one of the 50 Most Influential Digital Leaders. Kulwal is committed to growing Mitgo’s operations in APAC by replicating the success story of their operations in India.

NCP Leaders Protest, Demand Action Against Websites for Offensive Post on Savitribai Phule

Editorial Staff
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Leaders of the Nationalist Congress Party (NCP) in Mumbai demanded action against two websites, Indic Tales and Hindu Post, over allegedly objectionable articles concerning social reformer Savitribai Phule. The protest, attended by senior NCP members and party workers, aimed to condemn the posts as inciteful and insulting to Phule’s legacy. NCP member Chhagan Bhujbal wrote a letter to the state government requesting intervention and action against the websites producing offensive content. Savitribai Phule is known for her contribution to female education and is widely recognized as a pioneer in social reform movements. The NCP’s efforts hope to defend Phule’s legacy and prevent future harm caused by objectionable online content.

Scaler acquires Delhi-based education platform Pepcoding

Editorial Staff
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Tech education start-up Scaler has acquired Delhi-based edtech firm Pepcoding for an undisclosed sum. The deal will help Scaler strengthen its position in the education technology market and accelerate growth. The acquisition is the fourth for Scaler, which previously brought in AppliedRoots, Coding Minutes and Coding Elements. Pepcoding’s experience with undergraduate students will be beneficial for Scaler School of Technology, a new four-year residential programme in Bengaluru. The firm will open the programme to the first group of students this academic year, with the new team expected to offer expertise in building and executing the course.

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