Connect with us

Latest News

Ivanka Trump To Attend Global Entrepreneurship Summit In Hyderabad

Published

on

Ivanka Trump To Attend Global Entrepreneurship,Global Entrepreneurship Summit In Hyderabad,Ivanka Trump To Attend India,United States of America president daughter,Prime Minister Narendra Modi,Ivanka Trump To Lead US delegation,us president daughter,Startup Stories

Ivanka Trump, the daughter of the President of the United States of Americawill be attending the Global Entrepreneurship Summit (GES) 2017, that will be hosted in Hyderabad. The three day summit, which promotes economic growth, inclusion and opportunities among entrepreneurs from across the world, will be held from November 28 to November 30, this year.

Prime Minister Narendra Modi had invited Ivanka Trump for the Global Entrepreneurship Summit during his meeting with US President Donald Trump in Washington, in June. The finer details regarding the visit were worked out between New Delhi, Washington and Hyderabad in the last one and a half month. India and USA will be co hosting the summit this year with Ivanka leading the American delegation. The event will be organized by NITI Aayog in coordination with the Ministry of External Affairs and will aim to showcase inspiring entrepreneurs and investors from around the world.

In a series of tweets, PM Modi announced Ivanka Trump would be leading the US delegation and called the summit a unique opportunity for bringing together entrepreneurs and startups with global leaders. 

Ivanka Trump, in a tweet, said she was honored to lead the US delegation and meet with passionate entrepreneurs from around the globe.

The Global Entrepreneurship Summit brings together investors and entrepreneurs to create new opportunities for collaboration, with a special focus on emerging nations from Africa and Asia. The Summit was started in 2010 under the leadership of the former President Barack Obama at Washington DC. This will be the first time India will be hosting the summit, which had been previously hosted in Istanbul, Dubai, Kuala Lumpur, Marrakesh, Nairobi and Silicon Valley. 

Airbnb cofounder Brian Chesky, Uber cofounder Travis Kalanick,  Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai have participated in the previous entrepreneurship summits. This year, entrepreneurs involved in India’s startup and entrepreneurship program Startup India, will be among the participants in Hyderabad and women entrepreneurs will be one of the focus areas. 

A news daily reported, Hyderabad was chosen as the venue for the summit for its international clientele and infrastructure for hosting large conferences.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Quick Commerce Set to Boost HUL’s Revenue

Published

on

StartupStories

Unilever’s CEO, Fernando Fernandez, is optimistic about quick commerce’s growth in India, predicting it will significantly boost Hindustan Unilever Ltd’s (HUL) revenue. Currently, quick commerce accounts for about 2% of HUL’s revenue, but Fernandez expects this to rise to 10-15% within the next three to four years.

Why Quick Commerce?

India’s unique demographic, with affluent and economically active households living in close proximity, makes quick commerce a logical and profitable channel. The margin mix in quick commerce is also favorable for improving profitability12.

Market Trends

Quick commerce is rapidly expanding in India, with its contribution to ecommerce sales doubling annually. Major players like Blinkit, Swiggy Instamart, and Zepto are driving this growth, driven by consumer preference for convenience over discounts13.

Future Outlook

Fernandez’s strategy aligns with Unilever’s goal to transform its business and meet evolving consumer preferences. Leveraging quick commerce will be key to enhancing HUL’s revenue in India, a crucial market for Unilever

Continue Reading

Latest News

Social Media Platform X Faces Global Outage

Published

on

Social Media Platform X Faces Global Outage

Elon Musk’s social media platform X, formerly known as Twitter, experienced a significant global outage on Monday. The disruption began around 3:20 PM IST, with over 19,000 reports of issues globally, according to Downdetector.

Impact by Region

  • United States: Over 21,000 users reported issues, primarily with the app.
  • United Kingdom: More than 10,800 incidents were recorded.
  • India: Nearly 2,300 users faced difficulties, though some reports suggest around 1,000 complaints, mainly with the search bar.

Nature of the Outage

The outage affected both web and mobile app versions, preventing users from accessing timelines or posting content. The cause remains unclear, as X has not issued an official statement.

Resolution

Services resumed after about 30-40 minutes, but concerns about the platform’s reliability have increased due to its recent technical issues

Continue Reading

Latest News

Acevector Limited Announces New CEOs for Snapdeal and Stellaro Brands

Published

on

Acevector

Acevector Limited, the parent company of Snapdeal and Stellaro Brands, has announced significant leadership changes within its organization. Achint Setia has been appointed as the new CEO of Snapdeal, while Himanshu Chakrawarti will transition to the role of CEO of Stellaro Brands.

Himanshu Chakrawarti to Lead Stellaro Brands

Himanshu Chakrawarti has successfully led both Snapdeal and Stellaro Brands for the past three years. In his new role, he will focus exclusively on driving growth at Stellaro Brands, which houses various apparel brands, including Rangita. Chakrawarti brings over 30 years of experience in the retail industry, having held leadership positions at notable companies such as Trent, Arvind, and the Landmark Group. His extensive background in brand building and retail operations will be instrumental in scaling Stellaro’s growth.

Strategic Focus

Chakrawarti’s shift to Stellaro Brands allows him to leverage his experience to enhance the brand’s market presence and operational efficiency. His leadership is expected to drive innovative strategies that align with consumer trends and preferences.

Achint Setia to Head Snapdeal

Achint Setia takes over as CEO of Snapdeal, bringing a wealth of experience in e-commerce, media, telecom, and government services. He has a proven track record in business building, marketing, strategy, and technology. Prior to joining Snapdeal, Setia served as the Chief Revenue and Marketing Officer at Zalora Group in Singapore. He has also held senior leadership roles at Myntra, Viacom18, McKinsey & Co., and Microsoft.

Background and Expertise

Setia holds an MBA in Strategy & Finance from the Indian School of Business and completed the Stanford GSB LEAD program in Corporate Innovation. His diverse experience positions him well to lead Snapdeal through its next phase of growth as it navigates a competitive e-commerce landscape.

Focus on Growth and Innovation

These leadership changes are strategically aimed at driving growth and innovation across both Snapdeal and Stellaro Brands. With experienced leaders at the helm of each business, Acevector Limited is well-positioned for continued success in the dynamic Indian market.

Market Positioning

The transition comes at a critical time for Snapdeal as it seeks to strengthen its market position amid rising competition from other e-commerce platforms. Setia’s expertise in digital ecosystems is expected to enhance Snapdeal’s offerings and customer engagement strategies.

Recent Developments at Acevector Limited

Acevector Limited has been actively involved in restructuring its operations to optimize performance across its portfolio. The company has previously made headlines with initiatives such as:

  • The formalization of a group structure encompassing Snapdeal, Unicommerce, and Stellaro Brands.
  • Strategic investments aimed at enhancing technology capabilities and expanding service offerings.

Conclusion

The appointment of Achint Setia as CEO of Snapdeal and Himanshu Chakrawarti as CEO of Stellaro Brands marks a pivotal moment for Acevector Limited. These strategic leadership changes are designed to leverage their extensive industry experience to foster innovation and drive growth across both brands. As they embark on their new roles, the focus will be on enhancing operational efficiencies and adapting to evolving market demands within India’s competitive e-commerce sector.

Continue Reading
Advertisement

Recent Posts

Advertisement