Greetings from Management Association GFGC Punjalakatte Welcome to the 2Nd Issue of Volume 1 of Arthapunja
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Greetings from Management Association GFGC Punjalakatte Welcome to the 2nd issue of volume 1 of Arthapunja. Apart from being a critical driver of economic growth, Foreign Direct Investment (FDI) is a major source of non-debt financial resource for the economic development of India. Foreign companies invest in India to take advantage of relatively lower wages, special investment privileges such as tax exemptions, etc. For a country where foreign invest- ments are being made, it also means achieving technical know-how and generating em- ployment. The Indian government’s favorable policy regime and robust business environment have ensured that foreign capital keeps flowing into the country. The government has taken many initiatives in recent years such as relaxing FDI norms across sectors such as defense, PSU oil refineries, telecom, power exchanges, and stock exchanges, among oth- ers. Corporate Idol of this issue is OYO Rooms founder and CEO Ritesh Agarwal, Fin term is Family of funds, Trend plot is focusing on Geographical Indications of Karnataka state. We seek for your valuable feedback and effective suggestions at [email protected] Thanks & Regards, Editorial Team OYO Rooms founder and CEO Ritesh Agarwal may seem young for a successful entrepreneur, but this shouldn’t surprise anyone who knows him. Agarwal began coding software at just eight- years-old, and by thirteen had his own SIM card-selling enter- prise. At 17, he authored The Encyclopedia of Indian Engineering Colleges, which went on to garner massive sales. That same year, he joined Worth Growth Partners as the youngest CEO in India. Though he would go broke soon after, he remained undeterred in his passion for entrepreneurship. While formal education wasn’t of much interest to the young Agarwal, for the sake of his parents’ happiness he enrolled in the University of London’s International Programme. He spent most of his time traveling to entrepreneurship events, however, sneaking in to events and conferences when he couldn’t pay the registration costs. At 17, he dropped out of school to found Oravel Stays. Essentially an Indian version of AirBnB, Oravel Stays was fueled by an Rs.30 lakh investment from accelerator Venture Nursery. A year later, Agarwal was selected for the Thiel Fellowship, an entrepreneurship program offering funding and men- torship to young entrepreneurs who drop out of college to found a business. Through the course of the fellowship, he realized that the problem with budget accommodation in India was not price or availability, but predictability. Shifting his focus to standardization, in 2013 he pivoted Oravel Stays to become OYO Rooms. OYO Rooms partners with budget hotels, bringing rooms to their standards before offering them through their platform. Rooms booked through OYO Rooms are subject to a 150-point standardization checklist. They also receive 30-point audit every three days, ensuring all rooms on the platform stay up to par. The company receives a commission from property owners for managing bookings, as well as a boost of credibility from OYO Room’s reputation for quality. After all, the company guarantees all OYO guests the same six things - air-conditioning, a flat- screen TV, free Wi-Fi, complimentary breakfast, spotless linen and clean bathrooms - and they take steps to make sure those promises are upheld. As of summer, 2016, OYO Rooms features 65,000 rooms across 170 cities. They expanded into Malaysia in January 2016, a first careful step into Southeast Asia. The company’s growth is fueled by $125 million in funding from investors including Softbank, Light speed Venture Partners, Sequoia Capital, and Greenbacks Capital. Agarwal, their twenty-two-year-old found- er and CEO, has received wide attention, including a spot on Forbes’s 2016 30 under 30 in Consumer Tech. By: Rajesh, Second BBA Family of Funds Family of Funds is a group of mutual funds managed by the same investment manage- ment company. Each fund typically has a different objective; one may be a growth- oriented stock fund, whereas another may be a bond fund or money market fund. Share- holders in one of the funds can usually switch their money into any of the family's other funds, sometimes at no charge. Families of funds with no sales charges are called no load families. Those with sales charges are called load families. By: Vaidehi, Second BBA Trend Plot Geographical Indication Tags of Karnataka A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a given place. GI, a kind of intellectual property right, is awarded to products that have some unique characteristics traceable to a par- ticular region, as a shield against infringement. A GI tag is enforceable under the Geographical Indications of Goods (Registration and Protec- tion) Act, 1999, which came into effect from September 2003. “The GIs will not only help the state maintain uniqueness about its products but also plays a vital role in protecting and promoting the state’s cultural and biological diversity. According to the latest report on registration of GIs released recently by the Union ministry of commerce and industry, 301products have so far been registered with the Indian Patent Office. Karnataka is followed by Maharashtra, at 29 GI tags, UP at 25 and Kerala at 24. Karnataka has taken a big leap by bagging the GI tag for 19 handicrafts, 16 agricultural, three manufactured products, and one food item. According to Brand Expert, Venugopalan Vishwanathan “Though Mysuru Pak, Belagavi pedha, Gokak kardant and Savanur khara de- serve to be on the food list, no one has applied for a GI tag yet for these items. Somebody should take the initiative, especially with Tamil Nadu also staking claim to Mysuru Pak. GI tagged items of Karnataka state are as follows, Mysore silk, Mysore agarbatti, Bidriware, Channapatna toys and dolls, Mysore sandalwood oil, Mysore Sandal Soap, Kasuti embroi- dery, Mysore traditional paintings, Coorg orange, Mysore betel leaves, Nanjangud banana, Ganjifa cards of Mysore, Navalgund durries, Karnataka bronzeware, Udupi mallige, Hadagali mallige, Ilkal saris, Molakalmuru saris, Coorg green cardamom, Dharwad pedha, Monsooned Malabar Arabica Coffee, Monsooned Malabar Robusta Coffee, Byadagi chilli, Devanahalli pomello, Appemidi mango, Kamalapur red banana, Sandur Lambani embroidery, Udupi Mat- tu Gulla brinjal, Guledgudd Khana textile, Bangalore Blue grapes, Bangalore rose onion, Kin- hal toys, Udupi sari, Mysore rosewood inlay. By: Neelesh, Second BBA BIZ QUEST-2 1. The maximum maturity period of Treasury bill (T-Bill) is ______ 2. What was the theme of 2019 Engineers Day for the year 2019? 3. Which state recently launched Jan Soochna Portal for its citizens? 4. A equity that is not listed on any stock exchange is termed as….. 5. Which stock exchange was the first in Asia? .