As Bengalureans prefer powerloom fabrics, handlooms take a hit

Production is slow and costly in old method The handloom industry in Bengaluru is witnessing a decline in sales as customers’ preference has shifted toward powerloom fabrics, which are cost-efficient. Sarvottam, manager of Prasiddhi Silks in Shantinagar, Bengaluru, said: “The handloom sector has been affected due to the arrival of powerlooms. In handlooms earlier, two […]

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Prices of vegetables, pulses surge because of unseasonal rains; roadside eateries hit

Profits have dived as prices of veggies skyrocket The business of roadside eateries has been adversely affected by the rise in prices of vegetables and pulses after unseasonal rain destroyed crops. Raju Rajanna, owner of Kolimani Family Restaurant, near the Bengaluru-Mysuru highway, informed The Observer the prices of the vegetables and pulses have increased by […]

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A place to post, sell, buy, blog

From handicrafts to cakes and fashion, the Instagram market hardly lacks anything Social media play an important role in the lives of many. Previously, Facebook was widely used, then came WhatsApp, and finally Instagram stepped into the scene. The Instagram trend initially was just to follow popular people and get updates on their lives. Lay […]

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Proposed ban will hit us hard, say drivers of aggregator autos

Commuters say ‘regular autos’ charge extra Drivers of Ola, Uber and Rapido autorickshaws are worried about their livelihood after the Karnataka government declared the aggregators’ autorickshaw services illegal.  The transport department cracked the whip following complaints from commuters that the aggregators were charging more than Rs 30 for 2 km. Another complaint was that they […]

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Globalization has increased suffering of SCs, says CM

Karnataka Chief Minister Basavaraj Bommai on Friday said reservation is the only way forward for backward castes.  Speaking at the fourth Madiga Day celebrations, he said: “There is no ladder in the caste system. The downtrodden continue to be there. There’s no movement upwards. Globalization, liberalisation and privatisation have made them suffer even more.” Members […]

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We must develop best practices for valuation, says minister Nirani

Industry must be ready for tech and climate disruptions While the practice of valuation in India is nothing new, it isn’t ready to take on the disruptions in the industry  as people are largely unaware, industry veterans feel. Minister of Large and Medium Industries Murugesh Nirani, addressing the 52nd Indian Valuation Congress in Bengaluru on […]

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If women work together, they can double India’s GDP: Exec Dir, FLO

“FICCI Ladies Organisation (FLO) is working further towards women empowerment and entrepreneurship” said Ujjwala Singhania, President of the Federation of Indian Chambers of Commerce & Industry (FICCI) FLO, while speaking at the inauguration of the 10th year of its Bengaluru Chapter  The FLO aspires for a society where women are harbingers of change. Rasmi Sarita, the Executive […]

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ESG funds surge in India; ‘environment’ takes the centre stage

Popularity and tangible results drive the trend As investments in ESG funds pick up pace, the environmental factor dominates in India, say investment consultants. ESG stands for ‘environmental, social and governance’ investments. These are essentially non-financial factors that are used to measure investment instruments to enable a socially responsible form of investing. While investing in […]

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