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Annasha

Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more

Carlos Ghosn

Carlos Ghosn Rules The Automobile Industry While Being On House Arrest

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Honestly is a very important factor when one wants to be successful in life. But, what is more, important is standing in front of the entire world and having the confidence to defend oneself. Carlos Ghosn is the epitome of confidence, who is ready to seek justice at any cost. A powerful business, who instead of fleeing justice pointed out the flaws of the Japanese justice system. People who are barely interested in the business world have also heard about Carlos Ghosn. He is a famous Brazilian businessman who has served prestigious positions in many famous companies. He has served as the CEO of Michelin North America, CEO of Renault, and, many more. But, this year, he has become one of the most famous wanted fugitives.

Early Life

Carlos has a very interesting family history. He belongs to a family of rich businessmen and traders. Carlos’s grandfather was Bichara Ghosn, who became very famous in the entrepreneurial world. Carlos’s father was also a famous diamond trader who was convicted of murdering a priest.

Born on 9th March 1954, Carlos moved to different places during his childhood. He was born in Porto Velho but at the age of two, he and his mother moved to Rio de Janeiro as he became very sick. Again at the age of six years old, he moved to Lebanon.

Carlos completed his schooling from Lebanon and then he went to Paris for higher education. In 1974, he graduated from Ecole Polytechnique with a bachelor’s degree in engineering. He also went to Mines Paris Tech and graduated in the year 1978.

Early Career

Carlos’s career started with Michelin, a French tire manufacturing company. It is Europe’s largest tire manufacturing company and he worked there for eighteen years. He joined the company in 1978 and in 1984 he became the head of research and development for the company’s industrial tire division. In 1985, Carlos became the Chief Operating Officer for the South American market of Michelin.

Carlos has a very rich multicultural experience and that is why he fled to Rio and helped out Michelin regarding cross-functional management. He led the team with his unique management style and after a couple of years, the division again started making profits. In 1989, Carlos became the COO and President of Michelin North America. He became CEO of the same in the next year.

With Renault and Nissan

In 1996, Carlos became the President in charge of the marketing department and also the manufacturing sector. He had a major contribution to Renault as he was in charge of the South American division as well. He decided to restructure the entire company and in 1997 the company made a huge profit.

In 1999, after the joint partnership of Renault and Nissan, Carlos became the COO of Nissan. He became President of the company in 2000 and became the CEO of the company in 2001. During the year 1999, Nissan was drowning in debt and only three out of forty-six of its models were making profits. Carlos decided to turn the fate of this company and drawn some clear strategies for bringing the company on track.

Carlos also said that if he didn’t achieve the goal by 2001, he will resign from the company. After he started implemented Nissan’s Revival Plan, the company made a profit of $2.7 billion. Carlos successfully reached the goals for the company.

Carlos was named one of the most powerful people in business out of Europe by Fortune. In May 2005, Carlos became the President and CEO of Renault. Carlos became the first person in the entire world to run two famous companies listed on Fortune Global 500. He became one of the prominent figures in the Japanese business world and also outside. In April 2017, he stepped down from the position of Nissan’s CEO.

The allegations

Carlos was accused of misusing the company’s assets and thus Japan’s federal system arrested him. In November 2018, he was arrested at Haneda Airport. Nissan accused him of extorting money from the company for buying his yacht, houses, etc. But, he denies all of it. Carlos also said the justice system of Japan treated him like a terrorist and stood in front of more than a hundred journalists and admitted he is innocent.

But, on 2nd January 2020, Interpol sent a red notice to Lebanon for the arrest of Carlos. He was also in house arrest for a long span in Tokyo.

Subaru

Subaru – One Of The Most Prominent Japanese Automobile Companies

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The automobile industry keeps growing and flourishing for a long time. Many Asian companies have gained recognition in the automobile industry. But, Subaru is one of the largest automobile companies in Asia. And, in the world, it ranks twenty-second largest in terms of its production.

The population of Japan has witnessed huge rapid development in every field in the last few decades. From software companies to the automotive industry, they have buckled up to set and break their record. Subaru Corporation is the parent company of Subaru, the automobile sector. In 1953, Kenji Kiti and Chikuhei Nakajima founded the company. Though the parent company belonged to Chikuhei, Kenji built his own from scratch.

How did it start?

Chikuhei was a very prominent person on the lands of Japan. Apart from being a gigantic industrialist, Chikuhei was a Japanese naval officer, engineer, and politician. He went to Naval Staff College and then to the United States for further studies. He also went to Europe for some time. Chikuhei was the third Japanese to receive a pilot license.

In 1915, Chikuhei decided to establish a career in the industrial world as well and established Fuji Heavy Industries. Initially, Chikuhei started it as an aircraft research laboratory then later it became a manufacturing house of aircraft. The company’s name was renamed as Nakajima Aircraft Company and the production escalated during World War II.

After World War II

In 1946, after World War II ended, the company became famous as Fuji Sangyo Co. This year, the company created its first motor scooter, Fuji Rabbit. They used the spare parts of aircraft from the war to build it. In 1950, the Japanese government passed a new act which led the division of the company to twelve different smaller corporations.

Founding Kenji

During this time, Kenji was the CEO of Fuji Heavy Industries. But, he wanted to establish a new car company of his own. He started planning accordingly. Kenji suggested many names for the company and he found all of them very less attractive. But, Kenji decided to name his company “Subaru” which means Pleiades Star Cluster in Japan.

The first car of Subaru was Subaru 1500. Kenji came across a lot of obstacles regarding the manufacturing unit. And, only twenty of Subaru 1500 were manufactured. Later, more models like the tiny air-cooled 360, the Sambar, and, 1000 came up.

Nissan, General Motors and finally Toyota

Fuji Heavy Industries was the parent company of Subaru. And, in 1968, Nissan acquired 20.4 percent of its stake. This was a government order with a vision to go international and improve competitiveness. But, the acquisition was beneficial for both the companies. Nissan decided to use the strategy of Fuji Heavy Industries’s bus manufacturing unit. And, in turn, Subaru even now uses manufacturing parts of Nissan.

After the partnership, Subaru launched a series of new models. In 1969, it introduced R-2 which was followed by the Rex, the Leon, the BRAT, the Legacy, and, many more. In 1999, Nissan’s stake at FHI was sold to General Motors as Renault acquired Nissan. After this arrangement, Subaru introduced Baja in 2003 and Tribeca in 2005.

In 2005, the stake of FHI was liquidated by General Motors. Toyota Motors acquired 40 percent of this stake which accounts for 8.7 percent of the total stake. The joint of Toyota Motors and Fuji Heavy Industries worked off well and they have committed to many projects since then. In 2008, Toyota was having a 16.5 percent stake of FHI and they jointly launched the Toyota 86.

Eco-friendly manufacturers

Subaru is very strict about environmental issues and it claims to educate its every employee regarding recycling, eco-friendly implementations. And, unlike most of the company Subaru does preach and practice. The Lafayette Subaru plant achieved zero-landfill status as every by-product from the plant were recycled and reused.

In 2006, this plant received the U.S. EPA’s Gold Achievement Award in the sector of WasteWise Program.

The company has its current headquarters in Ebisu, Tokyo. Apart from Japan, Subaru has well-established markets in Canada, the United Kingdom and, United States. In Asia, it has production plants in Bangkok, Thailand, the Philippines, and many other places.

Electronic Arts

Trip Hawkins Says Accepting Failure Is The Path Of The Entrepreneurial Journey

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When you are starting something way out of your league, patience is a very important factor. A part of our young generation is going to be future entrepreneurs. And, they are expected to accept failure and be optimistic at every moment of life. The entrepreneurial journey is not a bed of roses especially for those going unorthodox. Our society is not a huge fan of gaming. Building a career revolving around gaming is a far-fetched dream. But, Trip Hawkins proved that one can excel in any field if the person is dedicated to it. Trip Hawkins is the owner of more than one gaming company. But, he became famous all over the world for founding Electronic Arts.

Early Life

Born and brought up in a small of California, Trip Hawkins had a very bright and creative childhood. Both of his parents were equally artistic. Though his father was a part of the growing electronics industry, he later delved into becoming an artist. His mother was a great musician and also wrote poems. Maybe the creative family background of Trip gave him the idea of designing everything of his own.

Trip Hawkins
Image Source: Google Images

Into the gaming world

It was in the 1960s when Trip started playing simulation board games. He played many games but his favorite one was Strat-O-Matic. He became addicted to the game and more than that he was keen about how it is working. The designing part intrigued him and led him to build his own game of a similar type. It was in 1973 that he builds the gaming but failed to sell enough copies of it.

But, this was the eye-opening moment of his life. He was in school using computers like every other kid but in a more advanced way. He really enjoyed the entrepreneurial side of his life. Though he failed in the first try, he made up his mind.

The Perfect Business Mind

It was in the 1970s when Trip was working with computers, coding and game development in a full-fledged way. This was the time when microprocessors for the first time invaded the electronics market. So, this gave Trip the idea of doing thorough research on market demand.

Before launching his own company, Trip studied how many people are having internet access, the rate of public demand and how long it will be there.

Working at Apple Computer

Before founding Electronic Arts, Trip worked at Apple. But, his planning didn’t stop and it took him eleven years for implementing it. The trip also went to Harvard University and there he designed his own course for studying game theory. The trip also did an MBA because he was interested in the business market equally. But, he noticed nobody in Apple wasn’t really a gaming enthusiast.

A gaming Pro with a business degree thus left Apple after working for four years. But, Trip admits that working closely with Steve Jobs helped him a lot in building his own empire.

Founding Electronic Arts

In January 1982, Trip approached Don Valentine, a Silicon Valley Venture Capitalist. He offered Trip office space and he finally accepted it. When Trip established the company he named it Amazin’ Software which was later renamed Electronic Arts. When Trip founded the company he invested $200,000 from his own pocket.

Electronic Arts are headquartered in Redwood City, California. Today, it is known as the second-largest gaming company in the American and European markets in terms of revenue and market capitalization. In 2018, the company’s annual revenue summed up to $5.15 billion. There are almost 9,000 employees working for the company.

After Electronic Arts

In 1991, Trip formed 3DO, a video game console company. After a couple of years, it became the most powerful video game console. In 1996, 3DO became a video game developer but it went out of business in 2003.

But, Trip didn’t give up that easily. In late 2003, he came up with a new video game development company, Digital Chocolate. In 2012, Trip resigned from the company and joined the board of directors of Extreme Reality.

In 2005, Trip became the eighth person to get enrolled in the Academy of Interactive Arts and Science Hall of Fame.

Bharat pe logo

Ashneer Grover’s Bharat Pe Is Bringing The Next Fintech Revolution Of India

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Dreams can only come true when you start dreaming. But, it is not everything that one needs to become successful. Similar is the entrepreneurial journey of Ashneer Grover. He is the founder of Bharat Pe, a-one-year-old start-up.

With the current scenario of the Indian ecosystem, one out of ten people aspires to become an entrepreneur. But, how many of them dare take a step forward? If you just go throughout the business magazine wishing you will become famous one day that is not happening. Is it? Ashneer Grover took a huge career risk because he wanted to chase his dreams.

Early Life

Ashneer belonged to a family with a rich academic background. His father is a Chartered Accountant and his mother is a teacher. So, he never faced any problem both socially and economically. Ashneer studied B. Tech in Civil Engineering from IIT Delhi. He also went to the University of INSA-Lyon, France for one year.

  • Ashneer Grover
    Image Source: Google

He was one of the six students to be selected by IIT Delhi for this Exchange Program. After completing his undergraduate program, the common dream to work for an MNC landed him at IIM Ahmadabad. He graduated with an MBA degree in 2006.

Early Career

He got his first job at Kotak Investment Banking. Ashneer joined as the Vice President and worked there for seven years. In 2013, Ashneer joined American Express as the Director of Corporate Development. For many MBA graduates, this is their dream job. But, Ashneer wanted to join a start-up, work for them and see how the system processes itself.

He decided to leave Amex and join Grofers. During this time, he didn’t receive much support from his family as every parent wants a secure future for their child. The chances were uncertain. But, Madhuri, spouse of Ashneer supported him as Ashneer seemed to be confident about it. So, in 2015, Ashneer joined Grofers as a core team member.

Knowing the start-up ecosystem

To establish one of your own you should know the internal system. So, joining Grofers was very much helpful for Ashneer and it also gave him a lot of exposure. He created a healthy network of investors which is a very crucial part of establishing a start-up. He worked at Grofers for a couple of years.

Everything seemed to be going well and he decided to leave the company. Indeed, you should not settle unless you achieve your goal irrespective of how big it is. When he broke the news to his family, they didn’t take it well. But, he did what he had to.

Ashneer joined PC Jeweller Ltd in November 2017 as Head of New Business. He helped the company develop some new business and payment strategies. While working with the new payment options for a company, the idea of Bharat Pe triggered him. He knew the risks of leaving the current job and giving all his time to a new start-up, but he did it anyway.

Once he decided to quit the company and till now, the contribution of his spouse his huge. In 2019, Madhuri also joined Bharat Pe to support her husband and help him make it bigger.

Bharat Pe

Initially, when Ashneer just started working for the Bharat Pe project, he was unable to afford many employees. It was just after the seed funding round that responsibilities increased and he needed someone by his side. Madhuri decided to join the company and manage some of the important things like finance control and banking HR.

It was challenging at the beginning but they hit huge success in less than a year. In October 2018, Ashneer officially launched Bharat Pe with less than twenty employees. And, within a year 500 sales employees were working for him. He successfully established offices in thirteen different cities including Mumbai, Pune, Bengaluru, and Delhi.

The network of Bharat Pe has increased to 11 lakh merchants and witnesses more than 15 million monthly UPI transactions.

Success of Bharat Pe

The company has recently raised $15 million in Series B funding. Venture Capitalist firm, Ribbit Capital and London-based Steadview Capital led the funding round. After this round, the total valuation of the start-up summed to $225 million. The monthly transaction through Bharat Pe is worth $83 million. The new start-up is catching everyone’s attention throughout the world.

GSAT -30

ISRO Starting The New Decade By Launching GSAT-30 As A Replacement Of INSAT-4a

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India has been creating and breaking its own record when it comes to spacecraft. For a very long time, Indian scientists have dedicated their lives to reach the space. And, for all the space-related activities ISRO is the best research organization of India.

It was ISRO that built India’s first satellite, Aryabhata which was finally launched in 1975. This was the first and one of the biggest successes of ISRO and India. Since then it has come a long way. Recently, ISRO has announced about launching its communication software, GSAT-30. The launch is supposed to take place on 17th January of this year.

The GSAT Series

ISRO designed all the GSAT satellites for the communication purpose of India. GSAT-1, the first of the series was launched on 18th April 2001. The main purpose of the satellite was conducting communication experiments like internet services and compressed digital television transmission. Many other features like the heat pipe radiator panel were also tested in this satellite.

The next in the line was GSAT-2 which mainly operated in S-band and C-band. GSAT-4 was designed for testing a lot of new features. But, the satellite never took off as GSLV-D3 was unable to complete the mission. The same happened to GSAT-5P which was an exclusive satellite for the GSAT series.

GSAT-8, GSAT-10, GSAT-12 are some of the other satellites that were more advanced. The latest GSAT satellite before GSAT-30 was GSAT-31. This was launched in February 2019 and it was configured on ISRO’s enhanced I-2K Bus.

GSAT-30

GSAT-30 is a whole new telecommunication satellite designed by ISRO. The satellite is used as a replacement for the INSAT-4A. But, the preliminary stages of the design are inspired by INSAT. According to ISRO, GSAT-30 will provide enhanced coverage. And, it is one of the main reasons the new satellite is better than INSAT-4A.

Features of GSAT-30

GSAT-30 is designed for improved and efficient spacecraft services. The main coverage that will be provided by this satellite is the Indian mainland and the islands in Ku-band. GSAT-30 will also provide extended coverage in the areas in C-band. It will mainly cover a lot of Asian countries, gulf countries and also Australia.

The weight of the satellite is 3,357 kg. Since GSAT-30 is a communication satellite it is going to enhance television uplink and VSAT services. The satellite is designed in such a way that it is capable of providing information services from the geostationary orbit in C and Ku-band. GSAT-30 has a mission life of fifteen years and it is expected to be a huge success.

Apart from providing television uplink and VSAT services, the satellite will be used extensively for teleport services, DTH television services, digital satellite newsgathering and, many such related applications.

Initial Purpose

Ground-tracking is very essential for every satellite. So, one Ku-band beacon downlink signal is transmitted for GSAT-30. The satellite would orbit EUTELSAT KONNECT. It is a telecommunication satellite for the operator Eutelsat.

Take Off

It is declared by ISRO that the blast-off will take place on 17th January from Ariane Launch Complex, Kourou. It is a French territory located along the north-eastern coast of South America. The time of the take-off is set to 02:35 hrs IST. GSAT-30 is using an Ariane 5 launch vehicle (VA 251) from Guiana Space Centre.

International Relations of ISRO

ISRO has international relations as well as cooperation with many foreign countries. For example, ISRO is carrying out a joint venture with France as the Indo-French Megha-Tropiques Mission. It has also planned a joint venture with NASA as well in 2020.

Organizations like the European Centre for Medium Range Weather Forecasts, European Organization for the Exploitation of Meteorological Satellites and the European Space Agency have signed various agreements with ISRO.

ISRO has also launched several satellites from foreign grounds. And, maximum of them are communication satellites and launched from Ariane. ISRO has international relations with more than thirty-six countries.

F5-Networks

Dominating The Technical Industry F5 Networks Acquired Nginx For $670 Million

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I think a major part of success depends on the time you start it. For example, when the internet was gradually grasping our world, then start-ups are now a part of the unicorn club. Similarly, the businesses which started growing just before the dot-com boom mostly vanished in no time. So, time is a major factor.

But, exceptions always happen in the business world. Everything is uncertain here. F5 Networks is a technology company that was founded in 1996. Jeff Hussey founded the company and then John McAdam joined him shortly. Both stepped down after serving the company for a long time. F5 Networks is a Seattle based company.

What is F5 Networks?

The term “technical” is a very wide domain. So, what are the specific products of F5 Networks? The company is mainly thriving in the networking area since the beginning. F5 Networks mainly provides ADN (application delivery networking).

ADN uses a series of technologies which when incorporated together secures the network, provides visibility and acceleration. Initially, the company was focused on load-balancing products (distributed network). But, Jeff modified and expanded the company with time. It also includes services like DDoS defense.

About the Founder

Jeff Hussey has a Bachelor’s degree in Finance from Seattle Pacific University. He also went to the University of Washington for acquiring his MBA degree. After he graduated in 1991, he joined Pacific Comlink in 1993. He served as the President of the company for a couple of years and then he shifted to Alexander Hutton.

Jeff Hussey
Image Source : Google

In 1996, Jeff founded F5 Networks and served as the CEO of the company for six years. But, this wasn’t the end of his passion. In 2012, Jeff started another start-up in the same area. And, he founded the company, Tempered Networks in August 2014.

John McAdam

John McAdam joined the company in 2012 as the President and CEO. He left the company in 2015. Under John’s leadership, the company expanded and made big acquisitions.

John went to the University of Glasgow and studied Computer Science. He served as the Board Member of Apptio and Tableau Software before joining F5 Networks. From 2015, John is a Board Member at Nutanix as well. Even after John resigned from the company in 2015, he still serves as the Board Member of F5.

Initial Stage of F5 Networks

When Jeff thought of starting a tech start-up, he was more inclined towards the economic part than the part where technology was implemented. Well, his main motive was to invest in something that would become a billion-dollar company someday.

In the meantime, some developers in Seattle started working on virtual reality. This idea was much ahead of the time and unfortunately, the serves didn’t support it. But, they didn’t give up and rather came up with an algorithm for load balancing. Jeff saw potential in this product and bought it from them.

This is how Jeff founded F5 Networks in 1996 and launched its first product in 1997 using that algorithm.

Picking up the momentum

After a couple of years, when the dot-com burst hit the market, it didn’t seem to affect F5 much. Because of the uniqueness of F5 was much advanced and it helped the company to survive the big crisis. In 1999, F5 Networks was listed on the Nasdaq Stock Exchange.

It was around 2000 when Jeff decided to hire an experienced tech geek for the company. And, John was perfect for the job. F5 Networks offered him the position of the President when he working for IBM. After he joined the company, John predicted the loss it might suffer due to the boom. So, next year he along with his tech team wrote a whole new algorithm for a new market.

Success and Acquisitions

Eventually, F5 Networks started provided security services as well. And, after the next couple of years, it started making huge profits. In 2003, the company acquired uRoam for $25 million. In 2007, the company made one of the biggest acquisitions in its history for $210 million.

For two consecutive years, the company’s name came under the section of Fortune’s 100 Fastest-Growing Companies. The headquarters of F5 Networks was shifted to the F5 Tower in 2017. The latest news F5 is discussing about is the acquisition of Shape Security. F5 Networks has more than 4,000 employees.