It will benefit all working in this sector: Niranjan Hiranandani
19th June 2021, Mumbai Uncensored: Due to the current pandemic times and also an underlying problem of service and quality faced by major developers, contractors, suppliers etc it has become imperative to build a seamless tech based channel to ensure smooth flow of materials. RERA/ other govt bodies are making this as urgent need of the hour to ensure deliverability of projects on time. To bridge this apparent gap Mr. Hardik Nitin Gothi, an entrepreneur from Mumbai having similar industry experience from the real estate and infrastructure sector has created an online platform called Yuzuh. The YUZUH website was recently launched by Shri. Niranjan Hiranandani, Chairman and MD of Hiranandani Group.
On this occasion, Shri. Hiranandani praised the efforts of the Mr.Gothi and said, ” during Covid-19 time, we all learnt how to work online. Now we have to accept online working culture as new normal. This app will bring developers, suppliers, contractors and all stakeholders on one platform and will make it possible to buy good quality materials at affordable prices. This will also help to fulfil the dream of Housing for all and Make in India of Honorable Prime Minister Shri Narendra Modi. I congratulate the team and my best wishes for them.”
Hardik Gothi describes his new start up as an online B2B portal for high quality building materials and hopes that more than 250 products will be available on this platform. He adds Yuzuh which means the ‘universe’ is going to be preferred choice as an online trading platform in this spectrum for bulk aggregation of building materials and empower all stake holders to execute business seamlessly. On this occasion, Ms. Priyanka Shah who is the Co founder & Director of Yuzuh, along with Mrs. Nancy Mehta Gothi, daughter of well known builder and chairman of Silver Group, Shri Mukesh Mehta, and also an integral part of the yuzuh team was present during the event. Mrs. Nancy Mehta Gothi adds “it is my strong belief that this online platform will enable the suppliers and manufacturers to grow their business multifold and at the same time provide an extraordinary service to the end user.”
Needless to say, Gothi has quite an impression being a first-generation entrepreneur having over a decade of experience leading an EPC company. He has delivered more than 1.5 million square feet of construction work across Maharashtra state. YUZUH aims to introduce a technologically streamlined supply chain process that will completely redefine this sector. He and his team believe that they use a “format” that has a dynamic setup to re-align industry practices with technology and e-commerce to stimulate change. The main goal is to make sourcing, procurement, and logistics to the real estate, construction, and infrastructure development industries as easy and convenient as possible.
Hardik Gothi has said, “This is how YUZUH will disrupt the traditional methods of the real estate construction & infrastructure development industry by making the procurement and logistics process smoother than ever before.”
Govt. Plans to Cut Cooking Oil Tax
The Indian market after seeing an unprecedented rise in the prices of edible oils plans to cut taxes on edible oil to keep the prices in check.
Khushi shah – Mumbai Uncensored, 5th May 2022
The war, combined with weather disruptions that limited harvests in other vegetable oil-producing regions, led to a supply shortage of sunflower oil. The ban by the world’s biggest palm oil producer and exporter on 28th April 2022, on the export on the widely used edible oil and all the conflicts between Russia and Ukraine that already upended the global agricultural trade in the world, sent oil prices skyrocketing in the market.
India is particularly sensitive to rising vegetable oil prices as it is dependent on imports for 60% of its needs. Inorder to keep the prices in check ,India, the world’s top importer of vegetable oils is planning to cut taxes on some edible oils to cool the domestic market after the war in Ukraine.
India has tried to reduce prices in the past, including reducing import duties on palm, soybean oil and sunflower oil, and limiting inventory to prevent stocking the oil.[ In September 2021] The import taxes on palm oil had been slashed to 2.5% from 10 %, while soy oil and sunflower oil had been reduced to 2.5 per cent from 7.5 per cent.
The reduction in these taxes were aimed at bringing down prices of the edible oils in India and boost consumption, effectively increasing overseas buying by the south Asian country.It would also bring down edible oil prices ahead of key festivals, when edible oil demand rises in the country
However, The moves so far have not been effective enough to cut down the rates of oil in the market
India, the world’s top importer of vegetable oils, wants to reduce the agricultural infrastructure and development cess on imports of crude palm oil to below 5% . According to reports, it is said that the government is now considering reducing import duties on crude varieties of canola oil, olive oil, rice bran oil and palm kernel oil from 35% to 5% to help boost domestic supplies. The new tax amount is still being deliberated The cess is levied over and above basic tax rates on certain items, and is used to finance agriculture infrastructure projects. The base import duty on crude palm oil has already been scrapped.
C.I.A. picks Indian origin Chief Technological Officer – Nand Mulchandani
Khushi Shah – Mumbai Uncensored, 3rd May 2022
Another Indian has raised the Indian flag abroad. Nand Moolchandani, who completed his schooling in Delhi, has been appointed as the first Chief Technology Officer (CTO) of the Central Intelligence Agency (CIA) of the US.
With a degree in Computer Science and Math from Cornell, a Master of Science degree in Management from Stanford, and a Master in Public Administration degree from Harvard, Nand Mulchandani will be leading a team of technologists at the C.I.A. He will be working with experts who already deliver world-class intelligence and capabilities to help build a comprehensive technology strategy.
William J. Burns, the CIA Director made the announcement specifying that he has prioritised focusing on technology. Nand Mulchandani has more than 25 years of experience in Silicon Valley as well as the US Department of Defense (DoD) and can bring substantial private sector, startup, and government expertise to the Agency.
The man, who describes himself as a “serial entrepreneur” in his Linkedn bio, prior to this position he served as the CTO and Acting Director of DoD’s Joint Artificial Intelligence Center. He also co-founded and was CEO of several successful startups Oblix (acquired by Oracle), Determina (acquired by VMWare), OpenDNS (acquired by Cisco), and ScaleXtreme (acquired by Citrix).
His LinkedIn profile says: “I pivoted from my career in private industry to serve in the Government by joining the Joint Artificial Intelligence Center at the US Department of Defense where I am driving the DoD’s next-generation AI efforts.”In his new role, Mulchandani will ensure the Agency is leveraging cutting-edge innovations and scanning the horizon for tomorrow’s innovations to further the CIA’s mission.
He said on Linkedn “I tried to leave a few breadcrumbs at the end of my last post when I was leaving the Department of Defense with “Just when I thought I was out, they pull me back in.” And believe me, this was certainly an “offer I could not refuse”,”
An Indian origin C.T.O. that collects, processes and analyses intelligence reports from around the world to strengthen national security of America is a new feather in the cap of not only Indian Diaspora, but also India at large.
Elon Musk’s purchase of Twitter may have prompted crypto ‘whales’ to purchase large amounts of Dogecoin.
Hemant Singh – Mumbai Uncensored, 2nd May 2022
The price of bitcoin increased when it was reported on Monday that “Dogefather” Elon Musk would be taking over Twitter. And it appears that the rise was powered by a huge number of high-value transactions.
According to CoinDesk, the number of Dogecoin transactions above $100,000 reached 2,440 on Monday, the highest level since January 14, according to statistics from market analytics firm IntoTheBlock.
Transactions in excess of $100,000 serve as a barometer of the activities of “whales,” or huge investors of the meme-inspired cryptocurrency.
Whales can be wealthy people or institutional investors such as hedge funds or banks.
When Twitter revealed that its board of directors had approved Musk’s $44 billion acquisition bid, the price of Dogecoin increased by as much as 27 percent, reaching a day high of 16.5 cents. It has already cooled off and is now worth roughly 13 cents.
Though there are several theories regarding what Musk may alter about Twitter once he takes over, Dogecoin supporters may be hopeful that Musk would integrate the cryptocurrency into the social media network.
The DeFi community on Twitter believed that Musk may eventually transform Twitter into a decentralized social media network, or one that is not controlled by a single company.
Musk’s influence on Dogecoin’s price is nothing new.
Dogecoin was invented in 2013 as a prank by engineers Billy Markus and Jackson Palmer. It is inspired by the Doge meme, which depicts a Shiba Inu dog.
Musk commenced tweeting about Doge in 2019 and has been a vocal promoter of the cryptocurrency ever since.In addition to owning it, he has mentioned working with Dogecoin developers on bettering its network. The world’s richest man has stated that the meme-inspired coin is suitable for transactions and is the “people’s crypto.”
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