Tamilian dollar answer
When the Make in India initiative was launched in 2014, it set a target of achieving 25% of GDP from manufacturing by 2025. In reality, the share of manufacturing has remained almost constant at about 16%. Amidst this underperformance, one state that stands out for getting 25% of GSDP from manufacturing is Tamil Nadu. Read full story on TOI+
Facebook Twitter Linkedin Email Disclaimer
Views expressed above are the author's own.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
2 hours ago
- India.com
Bad news for employees of this company as it sacked many employees due to…, not Narayana Murthy's Infosys, Google, Microsoft, IBM, Ratan Tata's TCS, name is…
Bad news for employees of this company as it sacked many employees due to..., not Narayana Murthy's Infosys, Google, Microsoft, IBM, Ratan Tata's TCS, name is... Photo: istock Recent months have been bad for tech employees as several big companies such as Google, Microsoft, and IBM have laid off hundreds of employees. In the same row, employment-oriented social network LinkedIn is going to lay off as many as 281 employees across California. The decision is going to impact the company, reports claimed. The Microsoft-owned professional networking platform has already notified affected employees about the job cuts. The layoffs include 159 roles in Mountain View, 60 in San Francisco, 23 in Sunnyvale, 11 in Carpinteria, and 28 remote workers in California. Larger Wave Of Job Reductions This major decision appears to be part of a broader round of job cuts at the parent company, Microsoft. It is worth noting that 122 Microsoft employees in the Bay Area were terminated earlier this month, as part of the company's plan to reduce its workforce by approximately 6,000 jobs overall. In April, Microsoft CEO Satya Nadella said that AI is writing up to 30 percent of the company's code, a major reason behind job cuts. As per WARN filing, seen by SF Gate, LinkedIn has laid off hundreds of software engineers. in Mountain View alone the company has fired as many as 71 crucial positions across the categories of software engineers, including staff and senior titles. Notably, this layoff does not include additional specialists working in machine learning, DevOps, and systems infrastructure. However, some of them are also affected. The filing further mentions designations such as desk strategists, product managers, designers among others are impacted. No Details About The Full Extent Of Layoffs The report doesn't have details about the full extent of the layoffs by LinkedIn, which is headquartered in Sunnyvale and Mountain View with several other offices across the world. Neither LinkedIn nor its parent company Microsoft have commented on the reasons for the job cuts, severance packages, or the possibility of future layoffs. This contrasts with 2023, when CEO Ryan Roslansky publicly explained a round of 716 job cuts via email. No such public statement has accompanied these latest reductions. LinkedIn's website currently lists its full-time employee count as between 18,400 and 18,500.
Economic Times
3 hours ago
- Economic Times
Can a toy make you a billionaire overnight? Meet the Chinese CEO who made $1.6 billion in a day thanks to a viral doll
Chinese CEO Wang Ning earned $1.6 billion in a single day as Pop Mart's viral Labubu dolls took the world by storm. Spotted with global celebrities, the mischievous toys sparked shopping frenzies, especially in the U.S. and U.K., where stores saw near-riots. (Facebook/ Agencies) What do a gremlin-faced doll, Blackpink's Lisa, and a near-riot in a London toy store have in common? The answer lies in one mischievous word: Labubu. This quirky, wide-eyed collectible from Chinese toy giant Pop Mart has not only taken over celebrity handbags and social media timelines—it's also added a staggering $1.6 billion to CEO Wang Ning's fortune in just one day. Yes, you read that right. In the era of high-tech IPOs and AI booms, it's a 10-dollar designer toy, sealed in a blind box, that's redefining wealth creation and retail hysteria. With its eccentric, impish smile and collector appeal, the Labubu doll has become the must-have accessory of the year. Spotted dangling from the designer purses of Rihanna, Jamie Chua, and India's very own Ananya Panday, Labubu is more than a toy—it's a statement. But the craze isn't just cosmetic. A BBC report recently highlighted how demand in the UK spiraled so wildly out of control that Pop Mart had to halt in-store sales after physical altercations broke out among eager buyers. The tipping point? Pop Mart's mobile app shot to the top of the U.S. app store, sending the company's shares soaring and instantly swelling Wang Ning's net worth to a jaw-dropping $18.7 billion, according to Forbes . At 38, Wang Ning has transformed from a Zhengzhou University advertising graduate to the architect of a global toy empire. Founded in 2010, Pop Mart didn't start with billion-dollar ambitions—but with blind boxes. These sealed packages conceal which toy you're getting, encouraging fans to keep buying for a full set. What sounds like a gimmick has turned into genius—thanks to psychological appeal and market-savvy execution. Today, Pop Mart collaborates with renowned artists to create collectible series like Molly, Skullpanda, and Dimoo. With half its sales still happening at physical outlets, and the rest through a robust digital and social media ecosystem, the brand has become a powerhouse of pop-cultural obsession, reaching across Asia, Europe, and the United States. Once confined to dusty toy shelves, collectibles have found their renaissance in what The Financial Times calls 'trendy connoisseurship.' Pop Mart has elevated figurine buying into a lifestyle pursuit for China's young, affluent consumers—and the world is catching on. Blind boxes now command second-hand resale values that attract not just fans but investors, with some venture capital firms reportedly dabbling in this curious market. And amid trade tensions and global economic uncertainty, Pop Mart's irresistible charm has proved its resilience, crossing borders with ease and capturing hearts—and wallets—everywhere it goes.
Time of India
4 hours ago
- Time of India
NMC to introduce policy to identify parking spaces, no-parking zones
Nashik: The civic body is drawing up a parking policy for the first time to address parking issues in the city. Nashik Municipal Corporation (NMC) is expected to introduce the policy within a month. The policy will help in identifying parking spaces and no parking zones. This initiative will help streamline traffic in the city and curb illegal parking. Speaking to TOI, a senior NMC official said that the policy will be introduced shortly. "We have already started preparing a policy with the help of a private agency with expertise in traffic and parking management. We have planned to start the pay-and-park system at 33 parking spaces, including 28 on-street and five off-street parking spaces. These spaces were earlier identified by the Smart City Corporation. The parking policy will include re-identification of these parking spaces across the city," said the senior NMC official. Out of the designated parking spaces, 'no parking zones' will be identified. If people park their vehicles in these zones, they will face action by the police authorities. This will help smoothen vehicular traffic in the city, said the NMC official. NMC is also planning multi-level or mechanical parking at some locations in the city. The parking policy will include identification of places where these projects will be developed, said the official. Moreover, the policy will include speed-reducing measures for all 52 junctions across the city to prevent mishaps and streamline traffic, he said. There are plans to start the 'pay-and-park' system in the city at the earliest. A tender will be floated immediately for deployment of private agencies to operate parking spaces, said the official. Although the vehicle population in Nashik city is increasing rapidly, there are currently no designated parking spaces, forcing vehicle owners to park on roadside. This has led to traffic jams during peak hours in several parts of old city area. City residents and social activists have been demanding that the NMC administration make parking spaces operational across the city to ease traffic congestion. Moreover, the traffic police have also written to the NMC administration several times, requesting that parking spaces be made operational at the earliest. Earlier in 2020, the agency appointed by the smart city corporation to start 'pay-n-park' across all 33 locations refused to operate the parking spaces, seeking an extension in the contract period by three years, a waiver of Rs 17.5 lakh royalty annually to NMC, and a hike in parking charges. There was no development in the last five years. Now, the NMC administration has decided to start parking spaces at various locations in the city. These locations will be identified through its parking policy.
