Sethurathnam Ravi, Former BSE Chairman Addresses Budding Entrepreneurs At BW Disrupt 40 Under 40 Awards

Sethurathnam Ravi, popularly known as S Ravi is the former chairman of Bombay Stock Exchange Limited (BSE). Currently he is the Founder and Managing Partner of Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. He is also an Associate Member of Association of Certified Fraud Examiners (CFE), USA, and also a registered Insolvency Resolution Professional.

Sethurathnam Ravi

Sethurathnam Ravi was the chief guest at BW Disrupt 40 under 40 awards for the entrepreneurs. During his speech, he shares his vast experience with the budding entrepreneurs who attended the function. From what he had seen, the true success of an entrepreneur is achieved only by one out of 800. He also says that they are regulated by multiple regulators in many ways by multiple reforms and those who had gone through this unforeseen situation of covid to taste success is a great achievement.

Mr. Ravi also reminds those who had not received any awards to keep trying and that is what can help to succeed. By concluding he asks them to keep four situations in mind which can test them:

• Too much money

• Failure

• Disasters

• Unforeseen circumstances

Former BSE Chairman Sethurathnam Ravi also acknowledges that, CFOs are pivotal to the economy of any organization as they hold the keys to financial success of the corporation. The finance sector impacts everyone, from the global economy to the individual household. The common man to large conglomerates has to face the brunt of inflation and fluctuating rupee prices. As per IMF, India’s financial sector has faced many challenges in recent decades, with a large, negative, and persistent credit to GDP gap since 2012. This makes the finance sector making the prime focus of the national government as well as the common man.

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'The Crown' season 5 review: the show is still a gem for Netflix

There’s been enough drama in the British royal family this year. From jubilee celebrations to mourning the end of an era, it almost makes the return of The Crown for its fifth season too much to bear. With a new cast coming in, led by Imelda Staunton as Queen Elizabeth II, the jewel in Netflix’s crown is back to cover that most turbulent of eras — the 1990s.

At the centre will be Diana (Elizabeth Debicki, seamlessly stepping in for Emma Corrin), locked in an increasingly unhappy marriage to Prince Charles (Dominic West).

“Don’t rock the boat — ever!” Prince Philip (Jonathan Pryce) warns her, as rumours swirl that she’s collaborating on a tell-all book with journalist Andrew Morton. Ever determined to tell her side of a painful story, she does just that. The year 1992 — the "Annus Horriblis", as the queen famously termed it — gets its own episode (directed by Danish-Egyptian May el-Toukhy), as Charles and Diana reach a point of no return, other royal marriages implode and Windsor Castle suffers horrifying damage from a fire.

As always, the Peter Morgan-scripted show does a fine job of drawing parallels to now. When the first episode opens, Britain is entering a worrying recession and Ukraine is pulling away from Russia. Prime minister John Major (Jonny Lee Miller, perfectly capturing the watchfulness of the Conservative leader) observes just how “dangerously deluded and out of touch” the Royal family is, with the queen demanding public money to repair the Royal yacht, Britannia.

Charles is left obsessing over his accession. He tells one dinner party that it’s like being “stuck in a waiting room” (as ever the show’s timing is impeccable, given he has now — finally — become King Charles). An opinion poll favours him taking to the throne with Diana by his side.

But as everyone knows that fairy tale dissolved into tragedy. By 1997, Diana would be dead, killed in a Paris underpass in a car crash, alongside her lover, Dodi Al-Fayed (Egyptian-British actor Khalid Abdalla), son to the garrulous business tycoon Mohamed Al-Fayed (Salim Daw).

Right-wing 'terrorist ideology' blamed for Dover migrant attack

A petrol bomb attack on an immigration centre in Britain was motivated by far-right "terrorist ideology", police have said.

Counter-terrorism police said they found evidence on digital devices that there was "an extreme right wing motivation behind the attack".

The suspect is also believed to have had mental health problems.

He was found dead at a petrol station after the attack on the Western Jet Foil centre last Sunday, in which two people were injured.

The government had initially said the attack in Dover, at England's south-eastern tip, was not being treated as a terrorist incident.

But counter-terrorism police said in a statement on Saturday that the threshold for declaring a terrorist incident had now been met.

“Whilst there are strong indications that mental health was likely a factor, I am satisfied that the suspect’s actions were primarily driven by an extremist ideology,” said counter-terrorism co-ordinator Tim Jacques.

“Increasingly in counter terrorism casework, across all ideologies, we are seeing individuals who have mental health concerns and a hateful mindset.”

North Korea fires more missiles as US long-range bombers join final day of air drills

North Korea launched four ballistic missiles into the sea on Saturday as the US sent two supersonic bombers over South Korea in a display of military force that underscored rising tensions in the region.

South Korea’s Joint Chiefs of Staff said that the four short-range missiles fired from a western coastal area about midday flew about 130 kilometres towards the country’s western sea.

The North has test-fired more than 30 missiles this week, including an intercontinental ballistic missile on Thursday that led to evacuation alerts in northern Japan, and flew large numbers of warplanes inside its territory in a reaction to the combined aerial exercise involving the US and South Korea.

The South Korean military said two B-1B bombers trained with four US F-16 fighter jets and four South Korean F-35s jets on Saturday during the last day of the Vigilant Storm joint air force drills. The exercise involved about 240 warplanes, including fifth generation F-35 fighter jets from both countries.

North Korea’s Foreign Ministry late on Friday described Pyongyang's military actions this week as an appropriate response to the exercise, which it called a display of US “military confrontation hysteria”.

It said North Korea will respond with the “toughest counteraction” to any attempts by “hostile forces” to infringe on its sovereignty or security interests.

Everything you need to know about the UAE’s new unemployment insurance scheme

The UAE’s new unemployment insurance scheme is a mandatory programme that all Emirati and foreign employees in the public and private sectors must subscribe to from January 1, 2023, the Ministry of Human Resources and Emiratisation said on Wednesday.

The social security support programme, which was announced in May, is a welcome financial safety net that will pay Emiratis and residents a cash sum for three months if they lose their jobs.

The system will ensure the sustainability of a decent life for Emiratis and residents during their unemployment period and will reduce business risks, the ministry said at the time.

On Wednesday, the ministry signed an agreement with nine insurance companies that sets up the framework for the unemployment insurance scheme and released more details about the programme, including how much it will cost and that employees will pay for it themselves.

“The new unemployment insurance law is an essential part of the legislative and legal structure that the government is keen to develop to meet the requirements of the national economy,” Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, said on Wednesday.

“This supports the UAE’s endeavours to be the next capital of the future, and a global incubator for talent and companies and investments, which can be achieved through economic and social development and the empowerment of human capital.”

Here is everything you need to know about the new initiative.

Kenya Airways strike leaves thousands of passengers stranded

More than two dozen flights were cancelled and thousands of passengers stranded as pilots at Kenya Airways, one of Africa's biggest carriers, began a strike on Saturday, despite the government urging them to call it off.

The strike that began at 6am will affect thousands of business and leisure travellers at one of Africa's most important aviation hubs.

The Kenya Airline Pilots Association (Kalpa) said the carrier's management declined to listen to their proposals on how to resolve their grievances.

"No KQ [Kenya Airways] aircraft has departed Jomo Kenyatta International Airport flown by a Kalpa member from 6am this morning," the union said. "The strike is fully in force."

What does the US Federal Reserve's interest rate increase mean for people in the UAE?

Consumers will pay more to borrow money after the US Federal Reserve’s decision on Wednesday to raise interest rates by another three quarters of a percentage point to stem the disruptive surge in inflation, financial experts say.

The 75 basis point increase brings the Federal Open Market Committee's short-term rate between 3.75 per cent and 4 per cent, the highest level in 14 years.

This is the Fed's sixth interest rate increase in a row this year to combat inflation, which is at historic levels, and restore price stability.

Fed officials have stressed that they need to act aggressively to tamp down inflation, which currently stands at 8.2 per cent.

The headline Consumer Price Index (CPI) in the US increased by 0.4 per cent in September, up 8.2 per cent from a year earlier.

The core CPI, which excludes food and energy, increased by 6.6 per cent from a year ago, the highest level since 1982, according to Labour Department data.

Joe Biden says Twitter spews lies across the world

ROSEMONT, Illinois: US President Joe Biden said on Friday that Elon Musk had purchased a social media platform in Twitter that spews lies across the world.

“And now what are we all worried about: Elon Musk goes out and buys an outfit that sends — that spews lies all across the world… There’s no editors anymore in America. There’s no editors. How do we expect kids to be able to understand what is at stake?”

Petro Rabigh to plant 10,000 mangrove saplings to support Saudi Green Initiative

Petro Rabigh has launched an initiative to plant 10,000 mangrove saplings in line with the Saudi Green Initiative and the UN’s sustainable development goals. The first phase of the initiative targeted the plantation of 1,000 saplings along the Kharar Bay in Rabigh governorate, covering an area of more than 70,000 square meters. Company employees and their family members took part in planting the saplings. 

Othman bin Ali Al-Ghamdi, Petro Rabigh’s president and CEO, said the mangrove trees plantation initiative is part of the company’s commitment to reducing carbon dioxide emissions in order to mitigate pollution and support the goals of the Kingdom’s Vision 2030. The campaign aims to increase plant diversity, improve climate conditions, lower temperatures, and educate company personnel and their families as well as raise environmental awareness. He said that Petro Rabigh is collaborating with the Ministry of Environment, Water and Agriculture and utilizing several scientific studies and researches to carry out this initiative. 

“The company, as part of its keen interest in nature conservation, signed last March a 20-year term partnership and strategic cooperation agreement with Gulf Cryo, covering the extraction of 100,000 metric tons of carbon dioxide emissions annually from the mono-ethylene glycol plant, located in the Petro Rabigh Industrial Complex, with the aim of contributing to a sustainable economy and the replacement of fossil fuel-burning plants. This agreement is aligned with the Kingdom’s carbon circular economy concept, the ambitious Vision 2030 program, the Saudi Green Initiative, and the UN’s sustainable development goals,” Al-Ghamdi said.

Riot police deployed following 'disturbance' at London detention centre

Police and riot teams have reportedly been deployed to Harmondsworth detention centre following an overnight disturbance.

It occurred after a power outage at the west London centre, a Home Office spokesperson told Sky News. No one has been reported injured, and power was still down at the site as of 9am local time.

They withdrew an earlier claim that detainees "armed with various weaponry" left their rooms and entered the courtyard.

Work is currently underway to resolve the issue and appropriate authorities have been notified and are on the scene, the Home Office added.

Around 100 inmates staged a protest in the courtyard after the power outage, The Guardian reported.

The protest halted a move of about 100 residents to the Manston processing centre in Kent, it added.

No one held at the site is said to have left the premises, known as the Colnbrook immigration removal centre, located close to Heathrow Airport.

Anurag Batra on The Immense Opportunities Created By the Combined Entity of Zee-Sony in Terms of Employment Generation, Advertiser Sentiment & Spending

One of the youngest media moguls from India, Anurag Batra is a serial entrepreneur and a mentor to many successful entrepreneurs. He is a man of many talents and someone who adorns many hats. Anurag Batra is also an author, an angel investor and a TV show host and the founder of the iconic exchange4media group and Chairman BW Businessworld group. Dr. Anurag Batra, Editor-in-Chief, e4m & BW Businessworld, writes on the immense opportunities the combined entity of Zee-Sony will create in terms of employment generation, advertiser sentiment & spending.

Russia finally invaded Ukraine on 22nd February, polarising the world into allies of the North Atlantic Treaty Organization (NATO) and its own traditional allies of the Soviet era like Belarus. The cacophony of opinions and views on Russia’s conflict with Ukraine, which has been aspiring for a NATO membership, just turned shriller. Even as media professionals landed in the war zone, rumours and unverified social media posts began to confuse the actual situation on the ground.

Anurag Batra

According to Anurag Batra, polarisations are not only typical of geopolitics, where vested economic interests decide who takes which side. “We have been witnessing polarisations in domestic politics on ethnic or racial lines ‒ not just in India ‒ but also in the world’s oldest democracy, the United States of America. And information wars are preceding real conflicts, and then escalating them. Years of cultural and ideological conditioning supplemented with incessant fake news has often fructified into hardline opinions and strategies”, Dr. Anurag Batra explains.

Beyond the war zone and here at home, India is in the midst of a deep technological acceleration and is aligned with the world – and in some cases even ahead of the curve – in digital adoption across every aspect of life and business. Anurag Batra details, “Let’s look at some interesting numbers. The US retail market is the largest in the world, where e-commerce made up 16 per cent of it till February 2020, 20 years since retail went digital. In just two years since then, the percentage of e-commerce in retail has jumped to between 26 per cent and 30 per cent. Imagine an acceleration of that kind in just two years since the pandemic struck”.

Let’s also look at India, he says. “The country had 10 million retail investors, which has swelled to over 25 million in the past few years, driven by new-age apps such as Zerodha. Technology IPOs have seen great success – at least at listing – driven by these investors. India has recovered faster than any country in the world post-pandemic and I am sure we will remain on target to be a $5 trillion economy before the decade is out”.

If there are three words that describe the post-pandemic change in our professional and personal lives, they would be: Contactless, Collaboration and Compassion. India has embraced the 3C economy wholeheartedly – and we are seeing consolidation across the board driven by this new paradigm, Anurag Batra points out.

The media and entertainment sector are an important part of the creative economy. In my mind, the Zee-Sony merger is part of this move toward the 3C economy. The merger is a welcome development by all measures. Zee is a home-grown Indian company and its merger with a global heavyweight augur well for the industry as it is bound to drive consolidation and growth while bringing in enhanced investment into the sector.

“It is my hope that the merger will be approved by all stakeholders, policymakers and regulators, and withstand all legal challenges. This is essential if we have to grow the media and entertainment (M&E) industry. We need a broadminded approach across the legal, policy and regulatory framework to enable such a merger and acquisition (M&A) to pave the way for a lively and growth-oriented future for the industry. I also have a clear view of another perspective here. My belief is that financial investors should not suddenly assume the mantle of strategic partners”, says Mr. Anurag Batra.

If they want to see the creation of value for all stakeholders, they must continue to trust the management and board of the company while establishing appropriate checks, balances and governance controls. This is especially important if the management is always delivering spectacular returns. Strategic support and inputs would certainly assist the management but intervention, where none is required, is a surefire recipe for long-term disaster on the back of some misplaced desire for short-term satisfaction, Dr. Anurag Batra concluded.

Anurag Batra – An Inspiration For India’s Budding Entrepreneurs

Anurag Batra is an Indian Entrepreneur living in New Delhi. He is an entrepreneur, journalist, internet evangelist and media expert all rolled into one. Anurag Batra is a first-generation entrepreneur who acquired the iconic business media and magazine brand BW Businessworld, one of the most respected business publications in the country. He is the Chairman & Editor-in-Chief of BW Businessworld Group and also serves as the Founder & Editor-in-Chief of Exchange4media Group.

Anurag Batra is an entrepreneur of a different flavour. Unpretentious and sincere, this dynamic entrepreneur is a name many will find instantly recognizable. He was born on August 27, 1972 and grew up in a middle-class family in Gurgaon. His wife, Niti Batra is a second-generation entrepreneur and leads her family business of travel services established 40 years back successfully. She is currently the director of Joy Travels Pvt Ltd. Anurag Batra’s daughter Prarthna Batra is a student at Vasant Valley School, New Delhi and also an entrepreneur in her own forte.

Anurag Batra BW completed his schooling at Our Lady of Fatima Convent High School, Gurgaon. Later he attended Maharshi Dayanand University in Rohtak, Haryana to complete his B. Tech in Computer Sciences (1990-1994). For his post-graduation, Dr. Anurag Batra attended the Management Development Institute, Gurgaon, one of India’s Top 10 business schools from where he completed MBA in Marketing management and General management (1994-1996).

While he was doing his business studies, he had very limited ambition. During that period, his ambition was to join an IT services company in marketing. Just like his wish, he got placement through campus selection. But just before he joined the firm, came the turning point of his life. Through his friend, Anurag Batra met the people who were setting up Colliers Jardine in India. Batra’s mind changed and he joined Colliers Jardine. It was a joint venture between HDFC and Ireland affairs and did property services.

Anurag Batra was a person who is a lot interested in books. As a kid he would always read magazine. He used to read a lot of newspapers and books. He used to think in contrast to the traditional mindset of land broking and his thoughts led him to start the company called exchange for media, with the help of two of his friends. It was started to build a B-to-B exchange for buying and selling of media time and space. It was a failure for the first 3 years and then it evolved into a daily newsletter for the media advertising communication industry.

Anurag Batra is the man behind the expansion of BW Businessworld Media Group into one of the most respected business publications in the country. He serves as the Chairman and Editor-in-chief of the group since September 2013. Since taking over BW Businessworld, Anurag Batra has expanded the media organization into digital, events and BW communities and has taken into its fold www.digitalmarket.asia, a leading website on digital marketing, www.everythingexperiential.com - India’s leading experiential marketing website and launched BW Hotelier in partnership with hotelier international.

Anurag Batra Businessworld

At present, Mr. Anurag Batra is building the BW Businessworld group into new fields and taking it to new heights. Launched more than three decades ago, BW Businessworld is among India's largest and most respected business magazines. Anurag Batra has launched several other communities, which cater to niche audiences in different sectors, under the BW Umbrella including BW Smart Cities, an editorial platform in a 360-degree format launched in mid-February 2015. BW Businessworld also includes BW Accelerate – a structured platform for mentorship and growth of entrepreneurs.

Mr. Batra also founded the exchange4media group and from March 2000 to 2008, he was the Managing Director and Editor-in-Chief of the Group. He currently serves as the Chairman and Editor-in-Chief of the group since June 2000. Exchange4media group is India’s leading media industry company which houses several brands under its fold. The brands include - PITCH – India’s only Advertising, Marketing and Media Magazine; IMPACT – The Marketing Weekly; Franchisee Plus – Business Opportunity Magazine; Realty Plus – India’s leading monthly real estate magazine and samachar4media.com – leading media industry website in Hindi. Besides Mentoring leaders within the institution of E4M and within the eco system of media and digital, he is creating intrapreneurs.

In his past career, Dr. Anurag Batra was the Head of Portland Delhi and Media Planner, JWT from May 1999 till Aug 2000. JWT, previously known as J. Walter Thompson is a global advertising and marketing agency headquartered in New York City. He also served as the Principal Advisor of Stylekandy.com, one of India's premier fashion & lifestyle online magazines in Mumbai from Jan 2009 till Oct 2013. Anurag Batra also holds board and advisor roles including Board member at Management Development Institute, Gurgaon (MDI) and Director at Trilogic Digital Media.

Mr. Anurag Batra is also appointed by Government of India as the Chairman of an industry committee formed to come up with a vocational training framework for the media, communication and entertainment industry. He mentors many budding entrepreneurs and enjoys the process of reverse mentoring as in what he learns from these young entrepreneurs. At BW Businessworld BW Accelerate is an initiative to provide a structured platform to entrepreneurs for mentorship and growth.

Anurag Batra is also a regular speaker on National and International Conferences on Media, Internet, Television, Media policy and Entrepreneurship. As a member of the Sales & Marketing committee of the Delhi Management Association, he has a vital role to play in the decision-making processes of the industry circles. He is also the former President of the Franchising Association of India, Northern chapter. Anurag Batra is passionate about Magazines and is on the Executive Committee of the Association of Indian Magazines (AIM).

Dr. Anurag Batra also wants to give back to the industry, the benefit of his experiences and his love for teaching comes into play in his position as the Chairman of the Advisory Board of FMCC (Futuristic Media Communication Centre), a leading Media and Communication School in India. Annurag is also on the core group of TIE’s (The Indus Entrepreneurs), a special internet group focused on Education and Training. He is also advising the government through his white papers on Internet, Media and Television and their impact on society. He also writes a monthly column on Entrepreneurship, in India’s only Entrepreneurship magazine, Dare.

Anurag Batra thinks that the notion of helping other seems perfect. He also believes in the law of karma. He thinks what matters is sincerity and dedication. In his view, helping doesn’t mean that it may come in the form of money or in some material way, it may come in a way that is even more valuable than money. Even in his busy schedule, Anurag Batra spends time introducing people to people. Some of them ask for introduction, but he also does it even for people who don’t ask for introduction. It is something in which he invests his energy, time and mind. Anurag Batra believes that it is his duty to help people in some way.

In 2006, the prestigious Management Development Institute (MDI) and Mr. Batra’s Alma mater awarded him the “Most Distinguished Alumni of the Decade Award”. Dr. Anurag Batra believes that, if you make your hobby your profession, you don’t have to work and life is a blessing.