The Vertex Venture-backed company wants to clock revenue of $75-100 million and achieve profitability by 2021.

The post SG’s Nium eyes profitability by Q3 next year, NYSE listing by 2022 appeared first on DealStreetAsia.

The firm's CEO Sameer Nigam speaks about turning profitable, synergies with Flipkart and operations during pandemic.

The post India: PhonePe aims to be profitable by 2022, go public in 2023 appeared first on DealStreetAsia.

On Friday, SBI Cards and Payment Services posted a 66.41 percent fall in net profit at Rs 83.54 crore for the March-ended quarter from Rs 248.74 crore a year ago. The decline mainly points to a 138 percent jump in impairment

The country's second largest private sector bank ICICI Bank in its fourth quarterly results reported a standalone profit of Rs. 1221 crore. In the year ago period, profit at the bank came in at Rs. 969.06 crore. Net interest income for

The country's second largest private sector bank ICICI Bank in its fourth quarterly results reported a standalone profit of Rs. 1221 crore. In the year ago period, profit at the bank came in at Rs. 969.06 crore. Net interest income for

HDFC Asset Management Company has reported nine per cent fall in March quarter net profit at ₹250 crore against ₹276 crore in the same period last ye

The ban on cigarette and alcohol sales during the lockdown has created an underground market of rampant deals all over Pietermaritzburg.

Yes Bank shares jumped 20 per cent to hit upper circuit at Rs 31.60 apiece on BSE in otherwise weak trade on Thursday. Bank reported a net profit of Rs 2,629 crore for the quarter ended on March 31.

Consumer goods major Marico posted a 3% year-on-year (y-o-y) decline in net profit to Rs 204 crore for the quarter ended March 31, while the revenue from operations, at Rs 1,496 crore, declined 7% y-o-y.

With increased focus on other products like home loans, fixed income products, corporate bonds and deposits, insurance, AIF, PMS, SGBs and NPS, non-MF distribution revenue rose 13% y-o-y to Rs 54 crore.

The ratings agency explained that private sector is dominated by small doctor-run facilities in terms of number of facilities and number of beds.

It has been proven that portfolio allocation leads to long-term optimum results on investments. Awareness among investors is gradually increasing on the imperative of allocation.

The U.S. expects to earn $5 billion to $6 billion from a federal loan program, bolstering President Barack Obama’s decision to back low-carbon technologies.

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.

Rawalpindi : Deputy Commissioner Captain Anwar ul Haq Saturday said that profiteering and hoarding would never be tolerated especially in the holy month of Ramazan and those found violating the law would be dealt strictly.In a statement issued here, he said that no one would be allowed to cheat...

* Q4 profit likely 5.2 trln won, vs 5 trln won analyst f'casts

Global smartphone leader Samsung Electronics Co Ltd on Thursday confirmed expectations for its first annual profit decline since 2011, although a pickup in the fourth quarter hinted that earnings may have stabilized in the short term.

The Emirates Airline and Group chairman does not see air travel returning to normal for at least another 18 months.

BSE Sensex crashed nearly 413 points and NSE Niftycracked below the 8,400-mark in early trade today on profit-booking at higher levels and foreign capital outflows ahead of IIP data to be released later in the day.

Profit booking, weak rupee and lower crude oil prices dragged the Indian equity markets lower on Friday.

Emissions curbs set by the European Union’s Emissions Trading System, Europe’s main tool for reducing carbon emissions, have not hurt revenue, profits or employment at firms subject to the cap-and-trade programme over 2005-2014, according to a new OECD report.

1. ICICI Bank Q4 net profit rises 26% YoY to Rs 1,221 crore, misses Street estimates  Economic Times
2. ICICI Bank Q4 profit grows by 26%, misses estimates on COVID-19 provisions; NPAs dip  Moneycontrol.com
3. ICICI Bank Q4 net rises 26% to ₹1,221 crore  The Hindu
4. Why banks aren't ready for economic heavy-lifting this time around  Deccan Herald
5. ICICI Bank Q4 net up 26% at ₹1,221 cr but misses estimates on virus provisions  Livemint
6. View Full coverage on Google News

Sales rise 7.66% to Rs 172.38 crore

Aarti Madhusudhan begins a series on the workings of development organizations. In this first part, she looks at the role of board members: their obligations, services, and even their identities!

Telecom operator Reliance Communications today posted 5.8% rise in consolidated net profit to Rs 54 crore for the three-month period ended June 30.

The Dubai state carrier made 1 billion dirhams ($287.5 million) in the 12 months to March 31, compared to 871 million dirhams a year earlier.

Emirates, one of the world's biggest long-haul airlines, reported a 21 percentrise in full-year profit

Emirates, one of the world's biggest long-haul airlines, reported a 21% rise in full-year profit on Sunday, but warned the outbreak of the new coronavirus hit its performance in the fourth quarter of the financial year.

Fund house held sizeable market share in individual investors' segment

Mary Ann de Lares Norris is Chief Operating Officer of Oblong Industries. She brings her dog LouLou to Oblong's downtown LA headquarters.; Credit: Brian Watt/KPCC

KPCC recently reported on the tech world’s diversity problem. Technology firms face challenges in hiring diverse staffs of its coders, web developers and software engineers.

It’s also a challenge at nonprofits such as Southern California Public Radio,  parent of 89.3 KPCC, which has always sought to build a staff that reflects the region it serves. The section of that staff that develops the KPCC app and makes its website run is all white and mostly male.

But a small talent pool means the diversity challenge is even greater for nonprofits and even smaller tech firms.

“The first problem is that all of the people working for me are male,” says Alex Schaffert, the one female on KPCC’s tech team.  “I’m kind of focusing on maybe getting another girl into the mix.”

Schaffert can use the term “girl” because she happens to be the leader of the tech team:  KPCC’s Managing Director of Digital Strategy and Innovation. 

Why diversity is important

Schaffert recently launched the topic of diversity – or lack thereof – at a weekly meeting of her team. She expected a “stilted and awkward” discussion from the five white men on her team, but a few of them didn’t hold back.  

“Not having diversity represented on the team leaves us more susceptible to circular thinking and everyone sort of verifying each other's assumptions,” said Joel Withrow,  who was serving at the time as KPCC’s Product Manager. “It impacts the work. It limits what you’re able to build.”

Sean Dillingham, KPCC’s Design and Development Manager, said living in a diverse community is what attracted him to Los Angeles, and he wants diversity in his immediate work team, too.

“When I look at other tech companies, I will often go to their ‘about us’ page, where they’ll have a page of photos of everyone, and I am immediately turned off when I just see just a sea of white dudes, or even just a sea of dudes,” Dillingham said.

Big competition, small talent pool

Dillingham and Schaffert are currently recruiting heavily to fill two tech-savvy positions. When a reporter or editor job opens up at KPCC, Schaffert says close to 100 resumes come in.

"But if you post a programmer job, and you get three or four resumes, you may not get lucky among those resumes," she says. "There may not be a woman in there. There may not be a person of color in there."

In other words, the talent pool is already small, and the diversity challenge makes it even smaller. KPCC is competing for talent with Google and Yahoo and all the start-ups on L.A.’s Silicon Beach. 

Schaffert’s being proactive, mining LinkedIn and staging networking events to attract potential candidates. She’s also trying to make sure KPCC’s job descriptions don’t sound like some she's seen in the tech world.

"If you read between the lines, they’re really looking for someone who is male and is somewhere between 25-30 years old and likes foosball tables and free energy drinks in the refrigerator," Schaffert says. “So you read between lines, and you know that they’re not talking about me, a mother of two kids who also has a demanding career. They're talking about someone different.”

Pay vs. passion

Schaffert's challenges and approaches to dealing with them are similar to those of Mary Ann de Lares Norris, the Chief Operating Officer at Oblong Industries. Based in downtown Los Angeles and founded in 2006, the company designs operating platforms for businesses that allow teams to collaborate in real time on digital parts of a project.

“I think technology and diversity is tough,” Norris told KPCC.  She’s proud her company’s management ranks are diverse, but says only 12 percent of its engineers are female. “Pretty standard in the tech industry, but it’s not great,” Norris says. “We really strive to increase that number, and all of the other companies are also, and it's really hard.”

Like Schaffert at KPCC, Norris works hard fine-tuning job descriptions and communicating that her company values diversity and work-life balance. But sometimes, it just boils down to money.

"We have to put out offers that have competitive salaries,” Norris says, adding that she can’t compete with the major tech firms. "The Googles and the Facebooks of the world can always pay more than we can. So we attract people who are passionate about coming to work for Oblong.  And, of course, we also offer stock options."

KPCC doesn’t have the  stock options, but we’ve got plenty of passion. Could that be the secret recruiting weapon for both small tech companies and nonprofits?  

LinkedIn recently surveyed engineers about what they look for in an employer. Good pay and work-life balance were the two top draws. Slightly more women prioritized work-life balance and slightly more men chose the big bucks. 

Clinical Entrepreneurship professor Adlai Wertman says that, historically, nonprofits and small businesses actually had the upper hand over big companies in recruiting minorities and women.

"There’s a feeling that they’re safer, more caring environments, less killer environments, and we know that corporate America has been the bastion of white males," said Wertman. 

But Wertman says that advantage disappears in the tech world because of the "supply-and-demand" problem with talent. When big firms decide to focus on diversity – as some have recently — they have plenty of resources.

"They’re always going to be able to pay more, and in truth they’re getting access to students coming out of these schools in ways that we as nonprofits and small companies never will," said Wertman. 

Wertman worked 18 years as an investment banker on Wall Street, then left to head a nonprofit on L.A.’s skid row. Now he heads the Brittingham Social Enterprise Lab Enterprise Lab at USC’s Marshall School of Business. He believes that, early on, the big companies have the best shot attracting diverse tech talent. But in the long run, much of that talent will turn back to smaller firms and nonprofits.

"I think ultimately people vote with where they’re most comfortable, where 'my values align with my employer's values, and if I don’t feel those values align, then I’m going to leave,'" Wertman said. "Ultimately, I think, for a lot of women and minorities, there’s a lot of value alignment within communities that are doing good in the world." 

This content is from Southern California Public Radio. View the original story at SCPR.org.

Bycatch (species caught unintentionally in fisheries) in some commercial marine fisheries is the main cause of death in some populations of seabirds, sea turtles, marine mammals, sharks and fish. New research has revealed that bycatch from tuna fishing can be reduced by using better equipment, without compromising industry profits. However, significant policy efforts are needed to monitor bycatch and enforce more sustainable fishing practices.

Improving the efficiency of milk production could produce significant annual savings and potentially cut the environmental impacts of the industry by up to a third, according to new research from Northwest Spain.

IT firm says margins to remain under 16-17%, sees a $50-70-million hit from ransomware Maze attack

A new tool allows European businesses to see how, through informed decision-making, conserving the ecosystems they depend on is not only environmentally responsible, but can also increase profits, reduce risk and boost the value of their product or services.

An innovative system for pricing household water is proposed in a new EU-funded study1 researched in the US and UK. The tariff is designed by combining the economic value of water with reservoir storage data, and is intended to cut water usage during times of shortage by charging large-volume consumers a higher rate which increases as water becomes scarcer. The tariff increase subsidises water for other users, whilst also ensuring the system is economically stable. A case study suggests that the tariff could cut water consumption in the city of Valencia by up to 18%.

The benefit from big data only comes if you have knowledge of data capabilities and limitations.

IT firm says margins to remain under 16-17%, sees a $50-70-million hit from ransomware Maze attack

The economic benefits of restoring natural ecosystems outweigh the costs, according to new research. The study examined the financial costs and benefits of restoring a range of ecosystems, including those found in marine, inland and coastal habitats, and concludes that in most cases the large value of ecosystem services provides a net economic benefit.

A framework to combine economically viable agriculture with effective biodiversity conservation has been described in a recent study. According to the researchers, their approach provides a simple guide designed to help planners and farmers achieve sustainable agriculture.

The pollination benefits of planting field margins with wildflowers can outweigh the costs of set-up and maintenance, a new study suggests. On US blueberry farms wildflower strips resulted in double the number of wild bees on adjacent crops and significantly increased yield, the researchers found.

The bulk of the cuts --eighty percent-- will come from the exploration and production business.

Food Tank and The James Beard Foundation have released the first annual guide that celebrates more than 400 U.S.-based groups.