Newsletter | Financial benefits available for women, Nestle India CMD's optimism about India's consumption story & more

Valisure, based in New Haven, Connecticut, has petitioned the US Food and Drug Administration (FDA) to recall these products, conduct a thorough investigation, and revise industry guidelines.

Estee Lauder's shares experienced a 2% decline following the disclosure. Benzene was also detected in other acne treatment products, including Proactiv, PanOxyl, Walgreens' acne soap bar, and Walmart's Equate Beauty acne cream, among others, as reported by Reuters.

Suresh Narayanan, the Chairman and Managing Director of Nestle India, shed light on the challenges and dynamics of the Indian consumption market during a fireside chat at The Growth Summit in Delhi on Wednesday. The event was presented by YES BANK and CNBC-TV18, with Managing Editor Shereen Bhan moderating the discussion.

Narayanan highlighted India's robust long-term consumption story, emphasising the pivotal role played by the middle and upper-middle class in driving consumption trends. Despite the promising outlook, he acknowledged the existence of challenges within the market, particularly in what he referred to as the "belly of the market".

#TechTalks📱

Building an effective healthcare system for a billion people seems like an audacious project to take, but India proved its prowess in developing and implementing the CoWIN platform in less than three months during the coronavirus pandemic-induced lockdown.

In less than 18 months, CoWIN helped administer two billion Covid-19 vaccination doses, protecting over 90% of all eligible adults. This has shown how India has been progressively digitising its health systems to improve efficiency and reach the last mile.

At the recent Interim Budget 2024, the introduction of the U-WIN platform for immunisation documentation marks a commendable leap into efficient healthcare management through another tech-forward approach.

Samsung Electronics peaks the list of the Top 100 Global Innovators 2024

Samsung Electronics, a South Korean electronics and computing equipment manufacturing company, topped the list of Top 100 Global Innovators 2024 released by Clarivate, a leading global provider of transformative intelligence, on Tuesday, March 5.

Clarivate ranks the companies and research institutions that have invested in innovation with conviction and consistency across various disciplines and industries. Four Japanese companies found a place in the top five positions in the list of the Top 100 Global Innovators 2024.

Read here

#ExpertEdge💡

In Greek mythology, Prometheus stole fire from the gods and passed it to humans. As punishment, he was chained to a rock in the Caucasus Mountains, and every day an eagle came and ate part of his liver.

The modern world has become a Prometheus of its own. When our forefathers discovered fire, they not only found the fuel for our sustenance, but it also stoked our appetite for innovation, speed, and industrialisation. Catalysed by fossil fuels, the last hundred and fifty years were indubitably revolutionary.

#DailyData📈

 

#StartupsWorld🌍

The Founder of RAMJA Genosensor, Dr. Pooja Goswami, emerged victorious in 'The Moms Co. Mompreneurs Show' and secured a prize of ₹50 lakh in cash and media grants. Goswami’s project focuses on developing the first Indian paper-based Genosensor device, revolutionising bacterial infection and antibiotic resistance detection in just 90 minutes.

The Moms Co. Mompreneurs Show, a platform for mom entrepreneurs, awarded the first runner-up title to Jyoti Bharadwaj, Founder of TeaFit. The company is dedicated to offering clean, unsweetened beverages rooted in Indian ingredients and Ayurvedic recipes, combating the sugar menace prevalent in traditional beverage brands.

Business tools provider Exly has successfully raised $6.2 million in a recent funding round, with Chiratae Ventures leading the investment.

The company's Co-Founder & CEO, Suyash Sinha, expressed their commitment to customer success, emphasising that the funds would be allocated to enhance the product further.

Sinha outlined plans to incorporate artificial intelligence and a range of tools to empower customers, allowing them to maximise their earnings. The company also aims to onboard more entrepreneurs and knowledge professionals, expanding their customer base tenfold.

#Podcasts▶

CNBC-TV18’s Sonal Bhutra speaks with Utkarsh Singh 🇮🇳 CEO and Co Founder, BatX Energies, a battery recycling venture.

#PersonalFinance💰

In a groundbreaking year for the mutual fund industry, breaching the ₹50 lakh crore mark in assets under management (AUM), the latest report by Morningstar India reveals a stark gender imbalance among fund managers.

With total AUM soaring to ₹52.74 lakh crore, the report highlights the under-representation of women in this flourishing sector. The representation of women fund managers slightly decreased from 9.18% till January 2023 to 8.88% till January 2024.

International Women's Day is celebrated globally on March 8 — a day which is dedicated to recognising contributions of women across the world. In recent times, the government of India has introduced women-specific schemes to further uplift and empower women across various sectors. However, it is noteworthy that there are benefits and opportunities that are already being provided by banks and non-banking financial companies (NBFCs) to women in India.

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