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For nearly a year, this startup moved from a swanky 7,500 sqft office in Chennai and squeezed into a 2,500 sqft single-storey house in Trichy. The 50-member corporate team gave up chairs and tables and agreed to sit cross-legged on the floor with laptops so that all employees could be accommodated in one-third the space. The effort was to understand the semi-urban and rural markets where the company had launched operations. IPL 2025 mega auction IPL Auction 2025: Who got whom IPL 2025 Auction: Updated Full Team Squads B2C supply chain platform Wheelocity, launched in April 2022, takes fresh vegetables and groceries in e-rickshaws to the doorsteps of customers in 3,500 towns and villages in the central districts of Tamil Nadu every day. So far, it has covered about one million customers. “While the urban centres and their suburbs are served well by retailers and q-commerce companies, such a network was absent in smaller towns and villages. That’s where we found our market,” says Selvam VMS, founder and CEO of Wheelocity. Trichy was selected as a launchpad. The team is bullish about replicating the model in the rest of Tamil Nadu and across the country. Wheelocity’s success can be traced to its founders’ experience at a B2B supplier to q-commerce companies all over India. Selvam was one of the co-founders of this Chennai-based company. Senthil Kumar A, who was in operations and logistics roles at leading companies including Hindustan Coca-Cola Beverages in Bengaluru, joined the company to head its operations. The two of them got inspiration to start Wheelocity after a visit in 2021 to an agritec company that was operating in the fruits and vegetable supply chain space. “We were fascinated by the dimensions of the supply chain that carried fruits and vegetables,” says Senthil Kumar, cofounder and COO of Wheelocity. “It required new levels of expertise. And we had to go through the steep learning curve quickly,” he adds. Post-Covid, q-commerce companies were gaining momentum and Selvam and Senthil Kumar launched ‘Wheelocity’. “We contacted q-commerce firms and explained our expertise in the fruits and vegetables supply chain. A year later, we realised that this ecosystem has been built strongly in the cities, but not in tier-4 towns and rural hamlets, which were a bigger market. We decided to become a B2C company and wound up the B2B vertical,” says Selvam. The shift to Trichy in Aug 2023 followed. To their surprise, there was no attrition of staff when the shift was announced. A couple of months later, they started selling fruits, vegetables and groceries on e-rickshaw carts. About 1,500 e-vehicles traverse the lanes of towns and villages with a jingle that alerts households to their arrival. This June, the company again opened a swanky office at Olympia Cyberspace in Guindy while retaining the Trichy office. It is looking to expand operations across south India. The startup has announced the raising of $15 million for the purpose. It is looking to expand to about 20,000 villages over the next 12-14 months, targeting a user base of 10 million consumers. The core team still shuttles between Chennai and Trichy every other week. A portion of the workspace in Chennai also features seating on the floor for employees, whose number has more than doubled to 120. “We are looking at expanding our product category to all types of essentials and apparels,” says Selvam. Ready to Master Stock Valuation? ET's Workshop is just around the corner!
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Louis Braille lost his sight in childhood, but that didn’t stop him from reshaping the lives of millions. At just 15, he developed the Braille system, enabling blind people to read, write, and access education. This tactile script represents independence, allowing users to participate fully in the world. Braille is more than dots on paper; it’s a bridge to knowledge, careers, and creativity. From books to signage, it ensures blind people can navigate life with dignity. Yet, even today, access to Braille materials remains limited in many parts of the world. While digital technology has expanded options for the blind, Braille remains essential for literacy and empowerment. Braille Day serves as a call to action, reminding governments, organisations, and people to ensure that this fundamental tool reaches everyone who needs it. A blind person once told the writer that society has long misunderstood disabilities, often seeing them as barriers rather than differences. He added that blind and visually impaired people frequently face stereotypes that underestimate their abilities. “We are often perceived as helpless or less capable, when in reality, many excel in fields as diverse as music, technology, law, and sports.” Think of legendary figures like Stevie Wonder, a musical genius, or Helen Keller, who became an author and activist despite being both blind and deaf. Their achievements highlight a universal truth: disability does not equate to inability. What people with disabilities often lack are not skills or talent but opportunities and equitable access. The responsibility lies with all of us to change this narrative. By focusing on abilities rather than limitations, we create a world where everyone’s potential can shine. The first step is dismantling biases and recognising that people with disabilities are talented, resourceful, and capable of extraordinary accomplishments. Why kindness matters Being kind to differently abled people isn’t about pity or charity—it’s about empathy and respect. Disabilities can present challenges, but they don’t define a person. Kindness bridges gaps and fosters understanding. It’s the small gestures—a helping hand, accessible communication, or simply treating someone with dignity—that make a world of difference. Kindness also involves advocating for inclusivity. Accessibility isn’t just about building ramps or installing Braille signage. It’s about designing systems, spaces, and experiences that allow everyone to participate equally. From inclusive education to workplaces that embrace diversity, kindness must be reflected in actions as much as words. Differently abled people often develop remarkable skills that others overlook. Blind people, for example, may have heightened auditory or tactile senses, enabling them to excel in music, craftsmanship, or science. Many also bring unique perspectives to problem-solving, finding innovative ways to tackle challenges. Their stories inspire, but more importantly, they demand respect and equality. These talents don’t stem from disability itself but from determination, resilience, and creativity. Society benefits when it provides platforms for these talents to flourish. Creating a more inclusive world The key to a kinder, more inclusive world lies in understanding and acceptance. This starts with education—teaching children that differences enrich our communities rather than divide them. Celebrating Braille Day in schools and workplaces can spark conversations about inclusivity and the contributions of differently abled people. We must also push for systemic changes. Governments and organisations need to prioritise accessibility, whether that means producing more Braille books, improving public infrastructure, or enforcing inclusive workplace policies. While progress has been made, much work remains to ensure that differently abled people enjoy the same rights and opportunities as everyone else. Living by example Change begins at the individual level. Challenge yourself to break out of preconceived notions about disability. Learn about the barriers differently abled people face and consider ways to make your environment more inclusive. Be mindful of language—terms like “differently-abled” or “people with disabilities” emphasise personhood over impairment. Listen to their experiences, support their endeavours, and celebrate their successes. Whether it’s a colleague excelling at work, an artist showcasing talent, or a neighbour navigating life with grace, acknowledge their contributions without condescension. Braille Day isn’t just a date on the calendar; it’s a chance to ponder on how far we’ve come and how much farther we need to go. It’s a celebration of human ingenuity and resilience, embodied by Louis Braille’s legacy. It’s also a call to action—a reminder that we must continue building a world where everyone has the tools to thrive, regardless of ability.Florida Gulf Coast 59, Cincinnati 52nLIGHT, Inc. ( NASDAQ:LASR – Get Free Report ) CEO Scott H. Keeney sold 12,013 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $9.96, for a total value of $119,649.48. Following the completion of the transaction, the chief executive officer now owns 1,340,146 shares in the company, valued at $13,347,854.16. This represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . nLIGHT Price Performance Shares of nLIGHT stock opened at $10.46 on Friday. The firm has a market cap of $506.57 million, a price-to-earnings ratio of -10.16 and a beta of 2.20. The stock has a 50-day simple moving average of $11.17 and a 200-day simple moving average of $11.28. nLIGHT, Inc. has a 52-week low of $9.64 and a 52-week high of $14.75. Institutional Trading of nLIGHT Large investors have recently added to or reduced their stakes in the business. Harvey Partners LLC increased its position in nLIGHT by 56.5% during the third quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock worth $18,547,000 after buying an additional 626,500 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of nLIGHT by 18.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock worth $22,087,000 after acquiring an additional 309,634 shares in the last quarter. Royce & Associates LP increased its holdings in shares of nLIGHT by 9.1% during the 3rd quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock valued at $29,221,000 after acquiring an additional 227,580 shares during the last quarter. Needham Investment Management LLC increased its holdings in shares of nLIGHT by 7.1% during the 3rd quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock valued at $24,990,000 after acquiring an additional 155,000 shares during the last quarter. Finally, Divisar Capital Management LLC raised its stake in shares of nLIGHT by 9.4% in the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock valued at $16,897,000 after acquiring an additional 133,023 shares in the last quarter. 83.88% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades View Our Latest Stock Report on LASR About nLIGHT ( Get Free Report ) nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. See Also Receive News & Ratings for nLIGHT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nLIGHT and related companies with MarketBeat.com's FREE daily email newsletter .
Feds suspend ACA marketplace access to companies accused of falsely promising ‘cash cards’NEW YORK, Nov 22 (Reuters) - Saudi Aramco's (2223.SE) , opens new tab digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said, cautioning that a transaction is not guaranteed. Mavenir is working with investment bank Evercore (EVR.N) , opens new tab on its talks with Aramco Digital, the sources said, requesting anonymity as the discussions are confidential. The deal by Aramco Digital, the wholly-owned technology subsidiary of the oil giant, would be its first major transaction in the telecommunications industry as part of Saudi Arabia's Vision 2030 plan, which focuses on technological advancements and economic diversification. Aramco and Evercore did not immediately respond to requests for comment. Mavenir declined to comment. The telecom equipment industry, which has long been dominated by vendors such as Sweden's Ericsson (ERICb.ST) , opens new tab , Finland's Nokia (NOKIA.HE) , opens new tab and China's Huawei, is one of the few critical areas where U.S. companies do not have a significant presence. Richardson, Texas-based Mavenir is a pioneer in a technology called Open Radio Access Network (Open RAN) that promises to radically cut costs for telecom operators building a mobile network. It uses cloud-based software and allows use of gear from many suppliers instead of relying on a handful of companies. The company has so far raised at least $800 million in various funding rounds , opens new tab . As the Trump administration took actions to thwart Huawei's U.S. business, it also pushed for more adoption of Open RAN technologies, which could put more American companies in the mix. The push to promote Open RAN continued under the Biden administration, but it was not widely adopted as the emerging technology could not always match all the features that traditional telecom vendors could provide. Last year, AT&T (T.N) , opens new tab signed a $14 billion Open RAN deal with Ericsson for 70% of its wireless network traffic by late 2026, giving a renewed boost to the sector. Sources said the incoming Trump administration may also prioritize development of the technology. While a deal between Aramco and Mavenir is likely to go through a U.S. national security review, the Biden administration signed a deal with the Saudis in 2022 to cooperate on the technology to build 5G and 6G networks in Saudi Arabia. As part of the deal with Mavenir, Aramco Digital is in talks to separately invest $200 million in a joint venture with the company for technology development in the region. Aramco Digital in January , opens new tab announced its intent to build Saudi Arabia's first Open RAN development center in partnership with Intel (INTC.O) , opens new tab , which has been working with telecom firms such as Vodafone (VOD.L) , opens new tab and Reliance Jio to develop the technology. Aramco Digital last week received , opens new tab a license to provide wireless services in Saudi Arabia. A cash infusion from the Saudis would allow Mavenir to upgrade its 5G technology and better prepare for the 6G network , opens new tab rollout in the latter half of the decade, at a time when the entire telecom industry is going through a downturn. Sign up here. Reporting by Anirban Sen in New York, Supantha Mukherjee in Stockholm, and Alexandra Alper in WashingtonEditing by Marguerita Choy Our Standards: The Thomson Reuters Trust Principles. , opens new tab Thomson Reuters Anirban Sen is the Editor in Charge for U.S. M&A at Reuters in New York, where he leads the coverage of the biggest deals. After starting with Reuters in Bangalore in 2009, Anirban left in 2013 to work as a technology deals reporter in several leading business news outlets in India, including The Economic Times and Mint. Anirban rejoined Reuters in 2019 as Editor in Charge, Finance to lead a team of reporters, covering everything from investment banking to venture capital. Anirban holds a history degree from Jadavpur University and a post-graduate diploma in journalism from the Indian Institute of Journalism & New Media. Thomson Reuters Supantha leads the European Technology and Telecoms coverage, with a special focus on emerging technologies such as AI and 5G. He has been a journalist for about 18 years. He joined Reuters in 2006 and has covered a variety of beats ranging from financial sector to technology. He is based in Stockholm, Sweden.
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Burn some rubber, TNLiverpool may be marching toward the Premier League title but there are looming contract concerns around the status of Mohamed Salah, Virgil Van Dijk, and Trent Alexander-Arnold. All three are due to expire at the end of the 2025 season, and while it hasn't impacted Liverpool's play on the pitch, there could be major changes coming to the side in the future. Arne Slot confirmed that the club is in contact with the trio about their contracts but as long as they're performing on the pitch, he's happy. While Salah's future has been the biggest transfer rumor at Anfield after the links to Saudi Arabia, Alexander-Arnold is also one to watch with links to Real Madrid. Los Blancos love securing free transfers, just like they did with Kylian Mbappe over the summer. So, what if Alexander-Arnold is next? It's no secret that Real Madrid has been interested in the English right back and with Dani Carvajal not getting any younger and coming off of an ACL tear , there's no guarantee that the Spanish star will be back to his best in 2025. Even if he is, for a club like Real Madrid, it's critical to have multiple top-level options at as many positions as possible and it doesn't get much better than netting a player like Alexander-Arnold. Only 26, Alexander Arnold has five assists in 22 appearances in all competitions this season following up six consecutive seasons of double-digit goal contributions in all competitions. Since breaking into the squad, he has established himself as one of the best chance creators in the world and playing behind Salah, he knows a thing or two about setting up world-class options with opportunities to score. Imagining a Real Madrid attack where Vinicius Junior and Mbappe are fed by Alexander-Arnold on the break is a devastating proposition. While it does hurt the Reds if he departs at the end of the season, in 21-year-old Conor Bradley, their right back of the future is in place already but Alexander-Arnold is also a generational talent. Losing him and Salah in the same summer could be hard to bounce back from but if there's a situation where only one of the trio departs, that's a manageable scenario. For Madrid, in a year where creators like Luka Modric could retire at any time, it's critical to ensure that their chance creation won't take a hit. Always a club to stay ahead of the curve, adding players like this before their prime is what Los Blancos do to stay at the top of the global game. It'll be important for Alexander-Arnold to maintain focus amid a title challenge but as long as he's able to do that, even if this is his last season at Anfield, it can be a chance to give Liverpool faithful a sendoff to remember.
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