Hindi-Chini bhai bhai?

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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Defence Minister Manohar Parrikar on Sunday arrived Shanghai on his first official visit to China for high-level talks with top military officials to consolidate ties between the armed forces of the two countries. Parrikar visited the Urban Planning Exhibition Centre in Shanghai where he was briefed by Chinese officials on the urban planning achievements in Shanghai. He also addressed members of the Indian community at the Shanghai consulate, touching issues such as India’s reliance in defence production, retaining skilled talent, high-end technologies, etc.

On Monday, 18th April 2016, Defence Minister Manohar Parrikar held talks with the Chinese military leadership at the People’s Liberation Army headquarters in Beijing, on a visit that both sides say is aimed at increasing trust between the two countries, including along the disputed border. Parrikar told his counterpart, General Chang Wanquan, that India “attaches highest priority to its relations with China” and is “committed to further developing friendly and cooperative relations with China”.

Indian officials said the visit is aimed at further consolidating the defence relations between the two countries which showed considerable improvement in the last few years with periodic high-level interactions between the two armed forces.

Defence Minister Manohar Parrikar is the first Indian defence minister to visit China in 3 years. The then defence minister, AK Antony, had visited China in 2013. Parrikar’s China visit, which comes just after the visit of US Defence Secretary, Ashton Carter, to India last week, is seen as a rebalancing act by India. Carter’s visit was seen as a push by the US to seek greater cooperation with India in US’s ‘Asia Pivot’ policy. Chinese officials have themselves played down the agreement, and responded officially by saying “it is known to all that India has been upholding an independent foreign policy” and that “like other countries India makes its foreign policies based on its own interests”.

Although Sino-Indian relations are centuries old, which is evident from the strong cultural ties between the 2 nations, post-independence relations have remained rather complex. Various irritants have affected the Sino-India relations- repeated border incursions, China’s “all-weather” friendship with Pakistan, China’s proximity to India’s neighbours, etc. Despite this, trade relations have prospered with Sino-Indian trade growing exponentially over the last 15 years.

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Dipa Karmakar: First Indian woman gymnast to qualify for the Olympic Games

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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Since India’s independence, only 11 Indian male gymnasts have taken part in the summer Olympics, and no Olympic medals were ever won. No Indian female gymnast had ever participated in Olympics.

Allahabad-based Ashish Kumar had first participated in the 2006 Asian Artistic Gymnastics Championships in Surat, where he won the bronze. Ashish Kumar had won the first ever CWG medal for India by clinching bronze at the Delhi 2010 Common Wealth Games. Agartala-based Dipa Karmakar had participated in 2011 National Games and won five golds in floor, vault, all-around, balance beam and uneven bars

Dipa Karmakar had created history by becoming the first Indian woman gymnast ever to win a medal in an international tournament. She had earned a bronze medal at the Glasgow CWG 2014.

Dipa Karmakar had participated in the Glasgow Gymnastics World Championship finals in November 2015 along with eight vaulters from eight nations. But, unfortunately, she couldn’t clinch an Olympic berth at Glasgow as she had finished in the fifth position in the world, outside the podium. She was the first Indian woman to represent India in the finals of the World Championships.

On April 18th 2016, Dipa Karmakar underwent the final qualifying tests for 2016 Rio de Janeiro Olympics in the first subdivision which includes gymnasts from other nations like Romania, Australia, Colombia, Belarus, Hungary, China, Poland, and Croatia. She created history by becoming the first Indian woman ever to qualify for Olympics. She gathered a total of 52.698 points in the final Olympic gymnast qualifiers held in Rio de Janeiro. She scored 15.066 points in Produnova, 11.700 on uneven bars, 13.366 in beams, and 12.566 in floor exercises to become the 79th woman gymnast among the qualified individuals.

This feat by Dipa Karmakar would promote gymnastics as a popular sport choice in India especially for women. And she will join the league of famous sportswomen of India like P T Usha, Anjali Bhagwat, Mary Kom, Mithali Raj, Sania Mirza, Saina Nehwal and many more who inspire millions of Indians.

Wishing the young gymnast all the best for Rio de Janeiro Olympics.

Budget 2016: Reducing Litigation and Providing Certainty in Taxation

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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With huge amount of investments in the rural sector and relief for small tax payers, Union Budget 2016 was largely pro-rural and pro-poor with focus on the rural sector, electrification and infrastructure.

Finance minister Arun Jaitley laid the target of containing India’s fiscal deficit to 3.9 per cent this fiscal year, 3.5 per cent in FY17 and 3 per cent in FY18 and emphasizing on three priorities namely strengthening India’s firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and reforms to boost economic opportunity.

On the other hand, budget also catered to the expectations of the individuals. Despite unchanged tax exemption limits, tax slabs, the budget did tend to address the deduction limits and unwind the India’s Tax Amnesty Scheme. The Budget tends to be of interest to the individuals by bringing:

 

  1. Relief to small tax payers
  2. Measures to moving towards Pension Society
  3. Measures for Promoting Affordable Housing
  4. Reducing litigation and providing certainty in taxation
  5. Simplification and rationalization of Taxation

 

Reducing litigation and providing certainty in taxation:

Notable measures have been taken to provide certainty in taxation regime, simplification and rationalisation of taxes and reduce tax litigation.

Some of the measures proposed are the Income Tax Declaration Scheme providing a limited compliance window to declare undisclosed income and assets, Direct Tax Dispute Resolution Scheme to reduce the backlog of cases stuck in appeal and realize tax arrears; waiver of interest and penalty for settling indirect share transfer disputes, rationalization of penal provisions and other administrative measures.

Proposal includes procedural simplification in areas like the rationalization of the withholding tax provisions, exemption from the requirement of non-residents having to obtain PAN to receive payments without penal withholding, legal framework for paperless assessments, speedy disbursement of refunds out of appeal effect, etc.

An Indirect tax Dispute Resolution Scheme, 2016, being introduced wherein in respect of cases pending before Commissioner (Appeals), the assesse, after paying the duty, interest and penalty equivalent to 25% of penalty imposed, can file a declaration. The proceedings against the assessee will be closed and he will also get immunity from prosecution. However, this scheme will not apply in certain cases.

Retail Sale Price [RSP] based assessment of excise duty being extended to all goods falling under heading 3401 and 3402 with the abatement rate of 30%.

Retail Sale Price [RSP] based assessment of excise duty being extended to: a) aluminium foils of a thickness not exceeding 0.2 mm [with abatement of 25%]; b) wrist wearable devices (commonly known as ‘smart watches’) [with abatement of 35%]; and c) accessories of motor vehicle and certain other specified goods [with abatement of 30%].

The Budget has proposed limited period compliance window for domestic tax payers to declare undisclosed income on which tax and penalty totalling to 45% would need to be paid. There would be no scrutiny or enquiry in relation to these declarations and declarants would also have immunity from prosecution.

Various other measures such as reducing the penalty in specified cases, payment of interest by Government at 9% (in lieu of the present 6%) in case of delay in giving effect to Appellate Orders, e-assessments for all assessees in 7 mega cities etc have also been proposed.

In light of above benefits, budget could be seen as an economic growth booster & promoter of individual development. In conclusion, Budget can be seen as impressive and sets the tone for course correction, both at the fiscal as well as the regulatory front.

 

Last mile deliveries: Mumbai Dabbawalas to deliver e-commerce products

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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Mumbai dabbawalas have earned a reputation of having one of the most efficient delivery system in the world. More than a century old Dabbawala System has been awarded a six sigma performance rating by the Havard Business Review magazine for its astonishing service accuracy rate. Their results are spectacular: “one error in every 8 million deliveries.” Business schools, Universities and Corporate from all over the world invite Dabbawalas to give lecture on their Management skills. Even Prince Charles and Richard Branson have applauded their management skills.

Dabbawalas are certified to the international standard: ISO 9001 in recognition of their reliable quality management system.

Indian e-commerce industry is trying to the most remote corners of the country. The growth of e-commerce industry in India has been phenomenal in last 3 years.

April last year, the e-commerce firm Flipkart tied up with them for the last-mile delivery of their products in Mumbai. The e-commerce firm was keen, according to the Mumbai Dabbawala Association, to tap into the deliverymen’s efficiency. In the initial days of the tie-up, after a quick training, a few dabbawalas made the deliveries post 6 pm on their bicycles.

Mumbai dabbawallas haven’t quit their traditional deliveries of tiffin-boxes. Once their main chores are over by 6 PM, they pick Flipkart’s deliveries, and between 6-10 PM, they convert into delivery boys’ for them. Initially, Dabbawallas faced transporting issues, as delivering on cycles was taking too much time. However, now, they have been provided with bikes, and thus, the delivery capacity has certainly increased.

As of now, each dabbawalla is delivering around 15 parcels a day. Soon, more bikes are being procured for the dabbawallas, so that the deliveries can happen faster. The success is now inspiring Flipkart to ask dabbawallas to deliver fresh fruits, vegetables and other grocery items as well, which require instant deliveries.

Subhash Talekar, the general secretary of the Mumbai Dabbawala Association said, “The only trouble is most dabbawalas can’t read in English. Hence, only a few are delivering products currently. But as younger people join our workforce, dabbawalas more comfortable with the English language can do more deliveries.”  Considering that every ecommerce portal stores their customers’ information in English, the address labels on the parcels are also written in English.

Flipkart’s crowd-sourcing model has delivery personnel on a specialised delivery programme, post extensive background verifications, and they are free to take up deliveries as per their convenience, the firm said.

It will reduce the delivery process by enabling these personnel to directly collect the package from the local seller and deliver it to the buyer, a step that will reduce order to delivery time to as little as three to four hours.

Crowd sourcing can lead to interesting developments in the success story of the e-commerce giant.

Kolkata flyover collapse: Who is to be blamed?

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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On 31st Mar 2016, as most of us were watching India vs West Indies ICC WT20 semi-finals a flyover collapsed in North Kolkata near the congested Ganesh Talkies area resulting into a man-made disaster. 14 were initially reported dead as the under-construction flyover collapsed. The death toll was expected to rise as many trucks, passenger vehicles and rickshaws were seen buried under the collapsed structure.

Fire brigade, disaster management personnel and police rushed to the site of collapse and started the rescue work. Those trapped under concrete and metal were being rescued with bare hands by the residents and the fire-fighters. 2 units of Army’s National Disaster Response Force were also deployed.

The 2.2 km flyover that collapsed was expected to be one of Kolkata’s longest, connecting Girish Park in north Kolkata to Howrah. The responsibility for building the flyover was with the Kolkata Metropolitan Development Authority. The flyover was commissioned in 2009 (to be completed by 2013); however, its construction had been delayed 6 times.

The blame game started as the news of the collapse spread across the country. One of the two BJP parliamentarians from West Bengal, Union Minister Babul Supriyo blamed the government for building a flyover that was not properly planned. He called the state government ‘callous’ and questioned how a flyover had been allowed to come-up in a residential area. Mamata Banerjee washed her hands off the tragedy saying that the “flyover was tendered in 2008 during CPM rule.”

On April 1st, 2016 it was declared that at least 23 people were killed and two were critical among the 85 injured in the flyover crash. CM Mamata Banerjee said local residents and personnel of the army, government, administration, NDRF and police worked together for the rescue. Officials said that the clearance of debris would take two-three more days, and urged residents to help rescue workers.

A sub-contractor to whom IVRCL(company responsible for construction of flyover) had given some parts of the flyover work is also being investigated. The company has denied any compromise with quality of work, or a design defect.

On April 2nd, 2016 the structural experts and civil engineers said that the Kolkata flyover collapsed due to a design flaw. The experts said that the cantilevered design of the T-shaped flyover was where the flaw lay (cantilever bridge rests on structures that hang horizontally into space on one end). The experts negated the construction company’s claims that the collapse was an ‘act of God’.

Kolkata police opened a case of culpable homicide against the company that had been building the flyover.  Also, two officials including a chief engineer of the Kolkata Metropolitan Development Authority (KMDA), which was responsible for supervising work at the Vivekananda flyover, were suspended. A sub-contractor to whom IVRCL had given some parts of the flyover work is also being investigated. The company has denied any compromise with quality of work, or a design defect.

P Sita, the legal team head of IVRCL said, “We are also shocked that flyover collapsed and want to know why it happened. This is an accident, how can we fix responsibility on someone”. K Panduranga Rao, group head (human resource and admin) of IVRCL said, “It’s nothing but a God’s act. So far in 27 years, we have constructed several number of bridges…such accident never happened”.

On the other hand the Chief Minister shirked the blame by saying, “The tender was awarded during the Left rule. We did not know anything about it”.

At least 23 killed and over 85 injured, still we have no clue about who is responsible for the grave disaster.

Image Source: http://indianexpress.com/article/india/india-news-india/the-sunday-story-flying-under/

 

Brussels Attack

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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Thirty-two people were killed in the three bomb attacks at Brussels airport and Maelbeek metro station and over 300 were injured. The casualties came from a wide variety of countries including Belgium, Colombia, Peru, France, Germany, Britain, Hungary, Portugal, Romania, Spain, India and the US.

The first two blasts occured at the departures area of Zaventem airport shortly after 08:00 (07:00 GMT). An hour later, an explosion hit Maalbeek metro station, situated close to the EU institutions. Both the metro system and the airport were then shut down.

Martin Schulz, President of the European Parliament, condemned the terror attacks. “My thoughts with #Brussels and its citizens after these heinous attacks. Stay in a safe place, follow instructions of authorities,” Schulz tweeted.

Belgian Prime Minister Charles Michel tweeted that the government was focusing its efforts on providing assistance to those wounded in the attack and warned the public to ‘avoid any movement’.

Belgian media said they understood the explosions were a suicide attack. The attacks came four days after Salah Abdeslam, the main suspect in the Paris attacks, was captured in Brussels. The city was on high alert following Abdeslam’s arrest and the country’s Ministry of Interior was anticipating a retaliatory response.

Militants with the Islamic State claimed responsibility for the deadly terror attack in Brussels that left over 35 people dead and injured several others. Belgian prosecutor Frederic Van Leeuw said suspects had been identified on CCTV and a massive manhunt had been launched. He said searches were taking place “in several parts of the country”, adding that an explosive device was found in Schaerbeek

On March 25th, 2016 Belgian police arrested six people in Brussels as a major investigation continued into the attacks that claimed 31 lives in the city. The arrests were made in the Schaerbeek district after police conducted house-to-house searches in the area.

The Belgian police continued its manhunt in the search for more suspects. Previous arrests and raids had revealed more connections with the November Paris attacks and an indication of a new French plot. President Hollande said the jihadist network which had attacked both Brussels and Paris was being “destroyed” but also cautioned that the peril remained and that everyone must be on a lookout.

On April 3rd, 2016 Brussels Airport reopened with three “symbolic” flights and strict additional security checks for passengers after the recent attacks by ISIS suicide bombers. Brussels Airport chief executive Arnaud Feist said the partial resumption of services started with three “symbolic passenger flights” to Faro, Athens and Turin. The airport is currently running at 20% capacity and the number of flights will increase in the coming days.

Terrorism has raised its ugly head yet again to inflame and divide people. This just raises the question whether there can be any end to brainless killings fueled by fanaticism.

Apple iPhone SE launch

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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On March 21, 2016 Apple unveiled the iPhone SE; the 4 inch iPhone SE, features an improved camera and hardware and is priced at $399-$499.  It is another attempt by Apple to shift from premium segment to mid-market. iPhone 5C was launched in 2013 with the same motive but was later withdrawn from market as it failed to meet customer expectations.

Whenever a new iPhone goes on sale, customers tend to act like it’s a religious holiday. There are the rituals of waiting outside stores in snaking lines and getting high-fived by hordes of excited Apple retail employees after making a purchase.

These customs happened predictably every year since 2007 — that is, until when the iPhone SE launched. Technically, the SE is a new iPhone, but it’s really just the older model iPhone 5S spiffed up with new internal parts to make it run faster and take sharper pictures.

Early morning lines for the iPhone SE could be found in a handful of major cities, ranging from Sydney, Australia to Miami, Florida, but many other Apple Stores had no queues whatsoever as excitement was unsurprisingly more tepid compared to the launch of a flagship smartphone like the iPhone 6s.

The SE has a 4-inch display, the same smaller size as iPhone models from three years ago, and has just about all the same handy features as the bigger and more expensive iPhone 6S, which went on sale last fall.

It can be viewed as today’s technology in yesterday’s body. The phone is meant for people who are not comfortable handling large smart phones but do not want to compromise on technology.

The company aims to capture market in developing economies like India and China by keeping price lower than the regular iPhone. Still the phone is too highly priced for the middle income group in these countries. So, the fate of the phone in these countries is still undecided.

One of the main reasons of failure of iPhone 5C was its confused positioning as a cheap iPhone. For most of the people in developing economy buying an iPhone is a matter of esteem and pride. By positioning iPhone 5C as cheaper version of iPhone this need of the customers was not met. iPhone SE could suffer a similar fate if not positioned correctly in these markets.

 

Game of Thrones: Win or Die

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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One of the most viewed television series worldwide released it’s first teaser trailer for the season 6 on February 14th, 2016 on HBO at 9 pm EST. Game of Thrones, best known for killing of the most favourite characters on show kept the fans around the world waiting for months to give out this first glimpse into what will happen in the upcoming season of the show. It is the first time that the story-line in show has surpassed the story-line in the books. This has kept most of the fans debating about the fate of their favourite characters after the last season ended.

The minute-long video is shot in action but leads down to a massive speculation on who will survive the upcoming season. The teaser showed many familiar faces on The Hall of Faces, the dark chamber in the House of Black and White in Braavos.

The video first gives viewers a glimpse of the head of the departed Ned Stark accompanied by his voice. After focusing on a few other characters who have already met their demise such as Richard Madden’s Rob Stark, and Michelle Fairley’s Catelyn Stark, the clip then begins to show Jon Snow.

In the finale of season 5, Jon Snow was stabbed multiple times and left to die, but his fate in the show had been a mystery ever since then. His face showed in The Hall of Faces seemed as the signal of his death.

Despite Jon Snow’s controversial appearance in the Hall of Faces, the final blow of the teaser was when viewers saw the head of Peter Dinklage’s character Tyrion Lannister in the dark hall heavily hinting that he is headed for an imminent death.

However, before the latest teaser trailer ends, the final shot saw the busts of Sophie Turner’s Sansa Stark, Maisie Williams’ Arya Stark, Emilia Clarke’s Daenerys Targaryen, and Lena Headley’s Cersei Lannister.

The teaser left the fans with more anxiety than before. The fates of all the characters in the show seems doomed. In addition to this teaser, HBO released a set of posters showing the heads of the most prominent characters of the show in The Hall of Faces.

With this trailer showing no actual footage from the show, the writers try to tease and torment fans until the show returns on April 24, but this could also mean that the lives of key characters are in danger for the upcoming season. After all, the message of the show is clear: Valar Morghulis (All Men Must Die).

 

The Year of Monkey

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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8th February 2016 marked the first day of the Chinese Lunisolar Calendar, the Chinese New Year – China’s most ceremonious holiday. This Spring Festival, the holiday is steeped in layers of myths and traditions.The festivities usually start on New Year’s Eve and continue till the 15th day of the new year. It is celebrated in many countries throughout Asia, including Japan, Korea, and Vietnam, and in other parts of the world where people with Asian heritage have settled. It is a time for families to come together to eat good food and participate in cultural traditions.

In China, it is customary for adult children to be home with their families by New Year’s Eve. This tradition leads to a massive travel season in China. Over 2.9 billion trips have been booked during New Year’s time in 2016. This festive season also calls for a lot of security measures in public transportation system. In Beijing, armed riot police and soldiers keep a close eye on the surge of travellers, ensuring a controlled form of chaos.

The date for Lunar New Year depends on the movements of both the moon and the sun. On the Gregorian calendar, the holiday will generally fall between Jan. 21 and Feb. 20. The festival traces its origins to the Shang Dynasty (between 1600 BC and 1100 BC), when people offered sacrifices to gods and ancestors to mark the end of an old year and the beginning of a new year.

While the Western zodiac system is divided into 12 months, the Chinese zodiac is divided into 12 years. Each year is associated with an animal: rat, ox, tiger, rabbit, dragon, snake, horse, sheep, monkey, rooster, dog and pig. People are said to be influenced by the personality of the animal that rules their birth year.

This is the Year of the Monkey, the ninth animal in the cycle. The monkey features prominently in many ancient Chinese legends. People born in the Year of the Monkey are said to be intelligent, clever, and gregarious, but also mischievous. They are skilled and smart, but shortcomings, like a quick temper and a touch of arrogance, tend to hold them back. Some famous people born under the Chinese Zodiac sign of the Monkey are Leonardo da Vinci, Julius Caesar, Charles Dickens, Elizabeth Taylor, Tom Hanks, Mick Jagger, Daniel Craig, Eleanor Roosevelt, Will Smith and Miley Cyrus among others.

Although Lunar New Year is rooted in religious traditions, in recent decades the holiday has become a largely cultural celebration. The colour red is a representation of good fortune to the Chinese. The colour appears around cities everywhere in China during the New Year – red lanterns in doorways, red paper cutouts adorning windows, etc.

The New Year begins at different times of the year for people of different faiths and cultures, but one thing that is common to all of them is celebration with friends and families. Most of the time the only thing that changes after new year celebration is the calendar but beginning of a new year gives a hope for a new beginning in life to write a better tomorrow.

The Viral Fever: Funded by Tiger Global

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Ruchi Patel, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur

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Tiger Global Management LLC has invested $10 million (₹65.6 crore) in ‘The Viral Fever’, an online digital-entertainment channel. Tiger Global picked up a stake close to 25% in the firm, valuing it at around ₹270 crore.

‘The Viral Fever’ is an online video-content creator channel, which was founded by Arunabh Kumar, an alumnus of IIT, Kharagpur. He was later joined by Amit Golani and Biswapati Sarkar. TVF was started to reach out to the younger generation covering topics like Indian, movies, lifestyle, social concepts, politics, TV programmes, etc. The group is known for its comedy videos such as Barely Speaking with Arnub—a satirical take on Times Now’s Arnab Goswami and its original online series such as TVF Pitchers and Permanent Roommates.

TVF has been successful in reaching out to young Indian audience who seldom watch the television to either pass the time or for entertainment. At present, the TVF Group has a total team of 70 with 11 as consultants in Mumbai and Delhi. Contagious Online Media Network Pvt Ltd- The Viral Fever’s parent company, earned a profit of ₹22 lakh last year.

Tiger Management Corporation founded by Julian Robertson was a hedge-fund which operated from 1980-2000.After closing his firm, Julian started using his capital and experience to help upcoming hedge-funders known as ‘Tiger Seeds’ in return for a company’s stake.One such Tiger seed was Tiger Global Management founded in 2001 by Chase Coleman-III, who was estimated as one of the most profitable hedge-fund founders. Tiger Global has stakes in close to 110 companies mostly based in the Internet sector. It has raised funds of about $35 billion to become the largest and most active startup investor over the years.

Tiger Global investments in India were on the rise, as it funded around 18 Indian firms by 2015. E-commerce and online marketplace companies like Shopclues, Roposo, LimeRoad, Quikr, InShorts, Grofers, LocalOye, Culture Machine and Policy Bazaar were funded so far. Tiger Global also invested in other firms like Chaayos, Delhivery, Freshdesk, Chargebee, Moonfrog labs, Ather Energy and Vedantu.  Tiger Global Management funded around $400 million to Ola cabs along with other investors to increase the value of Ola cabs to $5 billion. Tiger Global also increased their investments in e-commerce giant Amazon by $1.1 billion to buy 2.44 million more Amazon shares. Flipkart, Amazon’s arch rival is Tiger Global’s existing portfolio firm, with investment amount similar to that of Amazon’s. Prior to funding TVF, Tiger Global invested in another digital content creator Culture Machine, which runs the Being Indian and several other YouTube channels.

According to a report by US magazine Forbes, a total of $54 million have been generated by the top 10 online video content creators on YouTube for 2014 and 2015.

The lucrative revenue of digital content creators, and funding by well known investors will surely lead to a surge in free digital content creators around the world. The world has become a smaller place with content available free on internet. It is easier to connect to anything happening around the world nowadays because of the internet penetration. It also gives everyone a platform to express and reach out to masses.

References:

  1. https://en.wikipedia.org/wiki/The_Viral_Fever
  2. https://www.crunchbase.com/organization/tiger-global#/entity
  3. http://www.livemint.com/Companies/3TwExKIWy3bPwVZS4APOjM/Tiger-Global-invests-10-million-in-online-videos-creator-Th.html