MAK in India: From Thiruchengode to global stage
Business News

MAK in India: From Thiruchengode to global stage

Business new tamfitronics Manickam Athappa Gounder walked six km to school for six years to clear SSLC. This farmer’s son from a small village called Pazhayapalayam in Thiruchengode taluk went on to do electronics and computer engineering (ECE) at PSG Tech in Coimbatore in the early 1970s. Over the next 50 years, he set up MAK Controls & Sytems, India, and Air MAK Industries, USA.MAK, as he now calls himself after his US exposure, has handed over the day-to-day operations of his mainstream business to a team of young professionals that includes his son.He now works with farmers in Panruti, Salem and Erode to improve productivity, walking with them to prevent pollution of Noyyal river by Tirupur dyers; supplies sewage cleaning kits for household septic tanks in cities such as Chennai; and makes paver blocks...
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Funimation Founder, Gen Fukunaga, Joins as Investor and Advisor to Toonsutra, India’s #1 Webtoon App, Business News
Business News

Funimation Founder, Gen Fukunaga, Joins as Investor and Advisor to Toonsutra, India’s #1 Webtoon App, Business News

Business new tamfitronics MUMBAI, INDIA, July 27, 2024 - (ACN Newswire) - ToonsutraIndia's homegrown webtoon comic app, announced today that industry legend Gen Fukunaga has joined the Company as an investor and Advisory Board member.Toonsutra AppFukunaga brings decades of experience in anime, pop culture and streaming platforms, having previously founded Funimation, which was sold to Sony Pictures Entertainment and acquired Crunchyroll to become the world's leading anime digital platform and one of the most successful streaming platforms globally. Goldman Sachs last year estimated Crunchyroll will account for 36% of all profit in the Sony Pictures Entertainment segment, encompassing the conglomerate's film and TV content businesses, by 2028.Toonsutra has quickly established itself as the #1 comic app in India in both the Apple and Android stores with over a million downloads of the app already. The Company...
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Weekend Business News Roundup July 27, 2024
Business News

Weekend Business News Roundup July 27, 2024

Business new tamfitronics Image: Artur Carvalho (Getty Images), Brandon Bell (Getty Images), Hims & Hers (Getty Images), Photo: Michael M. Santiago (Getty Images), Francois Mori (AP), Jordan Siemens (Getty Images), Joe Raedle (Getty Images), SubaruImage: Artur Carvalho (Getty Images)It’s the summer of recalls. Ice cream, coffeeand hot dogs have been pulled from grocery store shelves, and now the Food and Drug Administration (FDA) has announced a recall of several fresh produce products. - Bruce Gil Read More: People walk past a Citibank in New York City on Oct.14, 2022.Photo: Michael M. Santiago (Getty Images)With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. - Rocio Fabbro Read MoreA Boeing 787 DreamlinerPhoto: Francois Mori (AP)Boeing just...
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‘We need a graded approach to include petro products under GST’
Business News

‘We need a graded approach to include petro products under GST’

Business new tamfitronics CBIC chairman Sanjay Kumar Agarwal says protection of industry by raising duties is not permanent. He also discusses GST rate rationalisation. Excerpts from an interview with Sidhartha & Surojit GuptaFM has spoken about fewer customs slabs, if you could use that word. Can you help us understand how it will be structured?We routinely undertake an exercise of the conditional notification.And within two years, we have to take that exercise, and in case we find that exemption need not be continued, we allow that exemption to lapse. In certain cases, this condition is waived, depending on the type of exemption that has been given. The idea is that we want to reduce the number of customs duty rates. In this Budget also, we are seeking to give impetus to...
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