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BY TAPONEEL MUKHERJEE
As we move ahead with the next phase of growth and dynamic changes in sectors across the spectrum from consumer-related businesses to infrastructure in India, a focus on long-term sustainable business models that can deliver both growth and cashflows will be essential.
Sectors from retail to energy have seen old business models challenged and, in some cases, upended. As businesses, investors and the government look at the next phase of growth, a focus on the sustainability of the business in the medium to long-term is vital, besides promoting new business models and technologies.
Regardless of what sectors we look at, the two fundamental questions to ask are whether the business can realistically make profits? And, who will pay? These two questions need to be asked by investors and policymakers alike.
The above discussion applies across the spectrum from energy to retail. For example, when pricing the sustainability of models in the energy space, a focus on the entire supply chain is crucial. For instance, a focus on the cost of energy production is important when one looks at the business model, but if there are significant changes required to the grid and the distribution networks, then the question in terms who finances the concomitant infrastructure changes assumes great importance. Mainly, low-cost energy that can’t be consumed isn’t a sustainable business model.
The focus needs to be on a model that can price in all the costs involved and, more importantly, access the financing required. Access to the funding required immediately translates into creating business models that focus on the source, price and availability of financing. For an energy business, the ability to pinpoint the infrastructure needed and the funding source will be vital even as India looks to transform its energy production combination with a much more significant focus on renewables and natural gas.
The same argument applies to brand building space. Creating a disruptive consumer brand is one that has attracted attention. While creating a great product is a critical component, as consumer-facing businesses will admit in selling to consumers, one of the biggest drivers along with product quality, if not the biggest, is the distribution network. Therefore, as investors look at the Indian market, a focus on understanding businesses that have deep and entrenched distribution networks will be crucial towards creating sustainable and profitable companies in the long run.
To further elaborate on the point above, a great product will appeal to a consumer if the value delivery in that consumer segment is over and above what the market offers. However, the long-term sustainability of the business is primarily driven by the capacity to reach a broad consumer base through an extensive distribution network to create the economies of scale required. Strategies that allow for the creation of extensive distribution networks and ensuring that the costs involved are priced into the model is essential.
Mainly, the focus must be not just on what can be sold, but more importantly, how? Consumption habits in India, including the propensity to consume online, can be significantly different from those in other markets. Success in India may be driven through the capacity to create India-centric business models. While it is true that for new models there is a significant challenge in pinpointing exact business models that will work, the critical aspect that needs to be kept in mind is a constant focus on profitability and cashflows is required in addition to innovation.
Additionally, regardless of what sector one is in, it is essential to realise that India is a very different market from the more developed economies. While India is a large market at an aggregate level, per capita incomes are still significantly lower than some other developed economies. Therefore, business models, whether in infrastructure or consumer side, need to price in the complex dynamics that at times can be the difference between success and failure in India.
The next phase of investing and policymaking in India needs to have a renewed focus on creating India centric business models. For sustainable cashflow generating profitable models, having a broad view of the market structure and pricing in all the costs involved will be crucial. (IANS)
There will be no chief guest at the Republic Day parade this year also as the plan to host state heads of five Central Asian countries -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- seems to have been cancelled due to the Covid situation in India as well as in the respective nations. Though the Ministry of External Affairs is yet to confirm this officially.
If the guests arrive, then this would be the second time when India hosts a group of state heads as the chief guests on the Republic Day. In 2018, state heads of ASEAN countries graced the occasion with their presence. Apart from Kazakhstan, none of these countries' state heads had been invited as the chief guests on the Republic Day. In 2009, Kazakhstan's then president Nursultan Nazarbayev was the Chief Guest.
The Government of India is in no mood to take any risk to invite any foreign guest. Mitul Gajera / Unsplash
As per sources, due to the corona situation, the Government of India is in no mood to take any risk to invite any foreign guest, so the plan seems to have been cancelled. Last year, British Prime minister Boris Johnson was invited for the same, but later cancelled due to rising corona cases in the UK.
In the past, there have been occasions when the Republic Day ceremony was celebrated without any foreign guest. In 1966, there was no foreign chief guest in the Republic Day parade ceremony as the then Prime Minister Lal Bahadur Shastri had passed away in Tashkent in January, and Indira Gandhi took oath as Prime Minister on January 24. (IANS/SP)
(Keywords : chief, guest, Republic Day, parade, India, January, pandemic, 2022, host, nation, guest, invite, foreign, occasion, presence, celebrate.)
A team of scientists from the Banaras Hindu University (BHU) have found a cure for those suffering from chronic wounds, particularly with diabetic foot ulcers. The team led by Prof Gopal Nath of the department of Microbiology, Institute of Medical Sciences, said that wounds that took months and years to heal, could now be cured in days or months. The findings of study have been published in the National Centre for Biotechnology Information, National Institutes of Health, US.
Prof Nath said that a wound is defined as a breach in the skin or body tissues due to injury. An acute wound is defined as a "recent break that is yet to progress through sequential stages of healing". The wounds where normal healing process is stalled due to underlying pathology (vascular and diabetes) or infection beyond three months is defined as chronic wound. While chronic wounds always get infected, the contaminated wounds are reasonably susceptible to infection.
A significant improvement could be achieved in the form of complete wound epithelization within a few weeks.Towfiqu barbhuiya / Unsplash
Infection with antibiotic-resistant bacteria and biofilm formation halt healing progress. These wounds cause significant psychological and physical morbidity. The traditional treatment strategies often succeed in healing wounds, he said adding that many wounds have been observed recalcitrant to them, leading to persistence and recurrent infections. Search for alternatives to antibiotics has now become a compulsion. Fortunately, bacteriophage therapy is a re-emerging solution to antibiotic-resistant bacteria.
Prof Nath's team carried out phage therapy of acute and chronic infected wounds in animals and clinical studies. It showed efficacy against Pseudomonas aeruginosa in a mice wound model. Furthermore, they evaluated the efficacy of phage cocktails in animal models' acute and chronic osteomyelitis caused by methicillin-resistant Staphylococcus aureus. They also observed biofilm eradication from K wire in rabbits' wound infection model. Clinical trials of phage therapy initiated by the BHU have reported the efficacy of topical phage in healing chronic wounds in three prospective exploratory studies and no adverse events mimicking the results in vivo animal models.
Scientists have found a cure for those suffering from diabetic foot ulcers. Unsplash
A clinical study by Gupta demonstrated the significant role of bacteriophage therapy in the chronic wounds associated with antibiotic-resistant bacteria. The study employed a total of twenty patients with chronic non-healing ulcers for more than six weeks duration. A significant improvement could be achieved in the form of complete wound epithelization within a few weeks. Another study, employing 48 patients having a minimum of one eligible full-thickness wound that did not heal in six weeks with convention wound management, showed the promising result, and significant improvement was observed in the wound healing.
The study projected that specific phage therapy is equally effective regardless of the diabetic or non-diabetic status of the patient though the healing was relatively delayed in diabetic patients. Another successful study has shown encouraging results on healing process of infected acute traumatic wounds. The average number of days required for complete granulation of wounds and attaining sterility and healing was half compared to conventional therapy. (IANS/SP)
(Keywords : scientists, cure, chronic, wound, suffer, ulcer, diabetes, healing, pathology, health, infection, bacteria, study, patient, therapy, successful.)
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By Anna Melnikova
The Indian cricket lovers have been waiting for a ton from Virat Kohli for a long time, and he finally has made it. However, not in the batting as most fans expect, but in catching balls.
The second day of the 3rd Test in Capetown between local Proteas and the Men in Blue was rich for interesting occasions. Thus, South Africa was waiting for a good scoring result after stopping all Indian batters on the first day. Their opponents, however, have been looking for nice bowling not to lose the game just in the first innings. And while Bumrah added five wickets to his score, one of the dismissals should go to Virat Kohli. By the way, if you want more cricket news in India, we recommend subscribing to the specified site using the link.
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The legendary captain was great in batting but now can not score a ton for more than two years. But the three-digit result came from another side, where he is also quite successful. And while most of his catches came from opponents' misses, he proved he can be effective in the outfield parts of the pitch. According to experts, Kohli has a unique ability to be energetic on the pitch and still be concentrated for long shots by opponents, which rarely come in Test format.
Kohli has a unique ability to be energetic on the pitch. Unsplash
Even a legendary Gavaskar, who was the first Indian with such a result, praised the ability of the recent captain to catch. He admitted the ability to grab slipping balls, which are hard to cope with. Interestingly, Virat became only the sixth Indian to achieve a milestone in this component in the Test format. Kohli needed 99 games to find the needed number, although he is focused on making the 28th century first of all.
Another three-digit achievement can happen just today. He opened the 3rd day of the Test in Capetown along with Pujara and stayed alive at the moment of writing this article. If you are fond of sports betting, we recommend that you go to the rating of sports betting sites in India and choose a reliable bookmaker.
(Disclaimer: This is a sponsored article and includes some commercial links.)
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