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- Bit by Bit 20th Sept || National Logistics Policy || TCS fails to bring back yound staff back into the office & More
Bit by Bit 20th Sept || National Logistics Policy || TCS fails to bring back yound staff back into the office & More
BGS Committee
September 20, 2022
Good Morning! The Indian Air Force is set to retire MIG-21 SQUADRON by the end of this month, but don't worry, bit by Bit will never retire.
So, here are:
"5 amazing stories in 5 minutes to make you future ready"
Happy reading!
MARKET DATA
BSE SENSEX : ₹59,141.23 (+0.51%)
NIFTY 50 : ₹17,622.25 (+0.52%)
NIFTY BANK : ₹40,904.40 (+0.31%)
USD/INR : ₹79.699 (+0.06%)
BRENTOIL : $91.94 (+0.65%)
MCXGOLD : ₹49,300.00 (-0.16%)
FII Net Cashflow : + ₹312 crores
DII Net Cashflow : - ₹95 crores
(Market data as of 11:00 PM on 19th September 2022)
ECONOMY
The Story:
Prime Minister Narendra Modi unveiled the National Logistics Policy on Saturday (NLP). The cost of logistics as a percentage of GDP is 11–12% in Europe, 10% in the US and less in China, and 13–14% in India. GoI has started a thorough examination to provide a framework for future repeated measurements. Systematic changes can gradually boost efficiency, lower waste, lower costs, and boost competitiveness.
The Government of India introduced the PM Gati Shakti Scheme (PMGSS) in October 2021 to facilitate integrated planning and implementation of infrastructure. It unites 16 ministries, including those in charge of roads, trains, and waterways. It includes several ongoing development programs, including the Bharatmala Pariyojana for roads, motorways, and expressways, the SagarMala program for port-led development, and the UDAN (Ude Desh ka Aam Naagrik) program for improved air connectivity.
The new NLP has been designed to ensure total enhancement. Initiatives for digital acceleration include the Integration of Digital Systems (IDS) to combine data from the road, rail, customs, aviation, foreign trade, and commercial sectors; the Unified Logistics Interface Platform (ULIP) to coordinate efficient cargo movement; the Ease of Logistics (ELOG) to streamline regulations; and a System Improvement Group (SIG) to track developments and remove system-related obstacles.
The goal of NLP is correct. As always, execution will be the key to success.
RETAIL
The Story:
ProcMart, a B2B e-commerce company that provides supply chain solutions, sees huge demand from FMCG, pharma, and automobile sector as the consumption has increased and come back to a pre-COVID level, said Anish Popli, Founder and CEO of the company, in an interview.
The company plans to reach Rs 1,000 crore in revenue in the next three years. It expects total revenue of Rs 200 crore this fiscal. Its total revenue jumped to Rs 101 crore in 2021-22 from Rs 39 crore in 2020-21
The sector-agnostic company is into indirect procurement. It provides a tech platform, end-to-end fulfillment, and maintenance repair operations (MROs). And it procures the machinery parts for manufacturing the products and packaging but does not directly manufacture the brand products.
ProcMart offers its services to various FMCG and retail companies, including Cargill, PepsiCo, Colgate, Diageo, Harman, Piramal, Cadbury, Britannia, Kellogg, and more
INDUSTRY
Key Facts:
Adani Group recently acquired Ambuja Cements at ₹385 per share and in ACC at ₹2,300 per share. The Holcim-Adani deal was completed by way of the transfer of 100% shareholding of Holderind Investments to Endeavour Trade and Investment in both Ambuja and ACC.
Endeavour Trade and Investment belongs to Adani Group, while the Mauritius-based Holderind is the holding company of Holcim
The Story:
In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has, in a single stroke, become the second largest cement manufacturer in the country. Stating reasons for the foray into the cement space, he said. At the same time, India is the second largest cement producer in the world; its per capita consumption is just 250 kg compared to 1,600 kilograms in China. "This is almost a 7x headroom for growth." Adani group is the world's largest solar power company and has committed USD 70 billion investment in the clean energy business, including green hydrogen
TECH
Key Facts :
Only 20% of the staff has started working from the office
TCS hired around 100,000 people in 2021
The Story :
Tata consultancy services is having issues getting its employees mainly millennials back to the office. Millennials account for 70% of all employees. After the 2020 pandemic employees are used to working from home and after not willingly coming back to the office and want to continue WFH
The IT firm had announced a new 25/25 model in 2021 that would be put into place by 2025, under which only a quarter of the company's half-million employees would be obliged to work from the office at any given point and would only spend a quarter of their time in the office.
This report also comes after the CEO comments on moonlighting, “Moonlighting is an issue we take very seriously as unethical. It is mentioned as part of employee contracts and against the interests of our businesses and customers,” said Subramaniam”
Want More Bits?
Key facts:
Only objects in the universe that can even stop light from escaping, just by sheer gravitational force
Being extremely dense gives them the power to warp the fabric of space and time
They are the ultimate energy factories and have the power to spawn new universes
Black holes do not just devour everything, on the flip side they explode in several interesting ways
Do black holes explode?
Black holes have quite interesting ways of exploding, either by self-detonation or by effecting their nearby environments.
Hawking Radiation: Sometimes, the black holes do not devour any new material, but they still emit energy slowly thereby loosing mass and ultimately evaporating over time. This phenomenon was discovered by the famed astrophysicist Stephen Hawking.
Super radiance: Rotating black holes or “kerr” black holes create an elongated region of space where nothing can stay still which is called “ergosphere”. They also pull photons in the process. The photons bounce in & out of the ergosphere and may gain energy during repeated processes. This is called super radiance. At one point of time, significant number of photons gain so much energy that they collectively become a “black hole bomb”. This shows how black holes can affect their surroundings.
