Category: Business

  • Indian economy is estimated to expand 9.2% in this fiscal ends in March, following a contraction of 7.3% in the previous fiscal year

    This post was originally published on The Asian Age | Home.

  • The Budget documents will be available mostly digitally, with only a handful of physical copies, officials said

    This post was originally published on The Asian Age | Home.

  • The economy, which was significantly hit by the pandemic, had contracted 7.3 per cent in the last fiscal

    This post was originally published on The Asian Age | Home.

  • Aviva Investors says voting at AGMs will be influenced by policies on climate, human rights, biodiversity and executive pay

    Aviva Investors, an important UK asset manager, has put the directors of 1,500 companies on notice that it is willing to seek their removal if they fail to show enough urgency in tackling issues including the climate crisis and human rights.

    The firm said the way it votes on the re-election of company board members in the upcoming AGM season would be heavily influenced by its four key stewardship priorities for the year, which also include biodiversity and executive pay.

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • Tata Group had on October 8 last year acquired Air India for Rs 18,000 crore

    This post was originally published on The Asian Age | Home.

  • Are retirement villages a rip-off? Retirees could be up to a million dollars worse off if they moved into a retirement village than if they remained at home, according to new analysis.

    This post was originally published on Michael West Media.

  • Web desk,

    Indian Prime Minister Narendra Modi is famous for scripted speeches. A recent teleprompter malfunctioning was exposed his inability and unprepared speech at an international platform of World Economic Forum-WEF.

    It happened during PM Modi struck during all of a sudden while speaking with confidence and fluency at the World Economic Forum after a technology glitch. PM Modi was puzzled by this awkward situation looking here and there and started making comments confirming if he could be heard properly.The nervousness was clearly visible on the Indian premier’s face after the embarrassing moment.

     

    This post was originally published on VOSA.

  • Screen Australia has awarded over $2 million in funding to a company owned by a former associate of Harvey Weinstein.

    This post was originally published on Michael West Media.

  • Last year, Tesla had sought a reduction in import duties on electric vehicles (EVs) in India

    This post was originally published on The Asian Age | Home.

  • Log4j, hacking, internet, cyber sescurity
    Australian governments and businesses have been warned they face their greatest hacking threat yet, Apache Log4j. John Stapleton reports on Australian Cyber Security Centre warnings of possible widespread systems failure

    This post was originally published on Michael West Media.

  • Bill Browder, who pushed for Magnitsky law, says anti-corruption laws should be used in response to deaths of at least 164 protesters

    One of the architects of the UK’s updated sanctions legislation has called for the government and crime agencies to target the wealth of the Kazakhstani elite following the deaths of at least 164 people during unrest.

    Bill Browder, an American investor turned campaigner, said the British government could use anti-corruption legislation to target the rulers of Kazakhstan on the grounds of human rights abuses.

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • The global rise of the vegan diet is pulling cultures to further innovate. Around the world, entrepreneurs, food scientists, and culinary geniuses are innovating new plant-based alternatives to combat the climate crisis and put an end to unnecessary animal suffering. However, the notion of eating plant-based is still within the early adoption phase. Whether you’re in North America or Asia, food cultures have become even more polarized—particularly from the outside looking in. Both the North and South have garnered an unsavory reputation for the now declining dog meat trade. True—approximately one million dogs are slaughtered in South Korea for their meat on an annual basis—but for this extreme, there is another. South Korea is positioned to become a leader in the vegan meat alternative market. Several recent plant-based brand launches and a burgeoning of new vegan products—along with a cutting-edge cultivated meat sector—is positioning the country as one to watch in the global plant-based space. 

    VegNews.UnlimeatspreadUnlimeat

    Meat consumption in South Korea

    The rise in meat consumption throughout the decades is reflected in both North American and Korean cultures. In South Korea specifically, pork is king. Between 1980 and 2018, South Korea’s pork consumption rose 6.3 kilograms each year to 27 kilograms each year—a 3.9 percent year-to-year increase on average. The popularity of chicken and beef also increased, though as of 2018, South Koreans only consume 12.7 kilograms of beef and 14.2 kilograms of chicken each year. Pork is central in countless Korean dishes—from pork bulgogi (dweiji bulgogi) to pork belly and pork cutlets (donkkaseu). Spam is also extremely popular in South Korean cuisine. The nation is the second largest consumer of Spam behind the US. To keep up with the demand, an average of 18 million pigs are killed each year in South Korea. Given this dependence on meat, an evolution to purely plant-based vegan diets is unlikely. Many people need a high-quality alternative—an animal-free food that provides the familiar tastes and textures of animal-based meat. And Korean innovators are stepping up to fill this gap. 

    VegNews.UnlimeatUnlimeat

    The rise of the South Korean vegan

    With the emergence of promising vegan alternatives and a significant reality check from the coronavirus pandemic, the plant-based diet is trending amongst South Korean consumers. A GlobalData Q1 Consumer Survey in 2021 reflected that 55 percent of participants would cite health as the main reason for purchasing plant-based products, and 37 percent claimed the onset of the pandemic had made them extremely or quite concerned about their health. According to the Korean Vegetarian Union, half a million South Koreans identified as true vegan, whereas another 1.5 million identified as vegetarian or mostly plant-based. Given these numbers the vegan population has tripled in the nation within the past decade, but it’s the significant rise in flexitarians that has caused such a boom in the plant-based market. The Korean Vegetarian Union estimates that 20 percent of South Korean citizens identify as flexitarian. While this term is rather loose, it describes an omnivore who is generally more open to plant-based options. They’re the person who purchases almond milk instead of cow’s milk but may still indulge in cheese from time to time. They aren’t afraid of trying a new plant-based menu item instead of their meat-based go-to at restaurants. They may participate in Meatless Mondays. In South Korea—and perhaps on a global scale—the openness and curiosity of flexitarians may be the key to the success and growth of vegan alternatives. 

    VegNEws.veggiegardenmeatballsVeggie Garden

    Vegan Korean companies to watch

    1 Unlimeat

    South Korea’s most prominent vegan beef brand has experienced major growth in recent months. The company raised $23 million in the fall of 2021 and announced the construction of a new manufacturing facility that will be one of the largest plant-based facilities in all of Asia. The nearly 97,000-square-feet building will greatly increase production of Unlimeat’s vegan grounds, strips, patties, and more. Unique to most meat alternatives, Unlimeat products are made from upcycled grains, oats, and nuts that would have been thrown away due to aesthetic imperfections. The brand is part of a larger South Korean food company, Zikooin, which was recently founded in 2017. The parent brand is working to get Unlimeat in international supermarkets as well as food service. To date, Unlimeat slices can be found in South Korean Subways and Domino’s Pizza. In the US, select products can be purchased through Wooltari Mall USA, a Korean online retailer. 

    2 Yangyoo

    In the dairy department, this Korean food-tech company is making waves beyond its nation’s borders. After partnering with a US subsidiary—Armored Fresh—to develop a line of shreds, slices, cubes, and spreads, Yangyoo will showcase its dairy-free cheeses at CES in Las Vegas this month. The company has yet to announce when these products will be available to consumers. 

    3 PlanTable

    The South Korean vegan market is not exclusive to vegan-only brands. CJ Cheiljedang—a behemoth of a South Korean food company with multiple brands under its name, including the licensing and distribution of Hormel (aka Spam) products—introduced a new plant-based offshoot called PlanTable. This year, the brand is scheduled to launch over 20 new products—from dumplings made with soy-based meat to vegan kimchi. The dumplings have already landed in Australia and Singapore, and there are plans to distribute these products to Europe and the US. 

    4 Pulmuone

    This 40-year old South Korean tofu manufacturer is getting into the plant-based meat business. Most in the US will recognize its Nasoya and Wildwood brands, though the soy megalith can name several other offshoots in its home country. The first eight products debuted in November 2021 in the form of soy-based crumbles and tenders, but the brand also plans to make inroads in the US. The upcoming Plantspired line will launch in America with a range of meatless patties, skillet meals, ready-made bolognese, and stir-fry “tossables.” The US debut date has yet to be released. 

    5 Better Meat

    Purely for foodservice, this vegan cold cut company was born from Shinsegae Food, a Korean food retailer and distributor. It is also the largest stakeholder of Starbucks in South Korea. As such, it leveraged this position to introduce plant-based cold cut sandwiches into Starbucks locations nationwide. The current options include three kinds of plant-based ham: bologna, mortadella, and a German-style ham. Bulgogi and sausage are next in the development line. 

    6 Veggie Garden

    A subsidiary of Nongshim—one of the country’s major food firms—Veggie Garden will launch a range of 18 vegan products this month. The collection includes vegan meat alternatives such as Grilled Steak and Royal Cuisine Nubiani (beef), non-dairy cheeses, dumplings, ready-made topokki (seasoned rice cakes), and sauces. An additional nine more products will debut in February.  

    VegNews.GoodmeatGOOD Meat

    Cultivated meat

    Beyond plant-based protein options, South Korea has joined the cell-based meat race with a goal of not only making these products publically accessible, but to improve the processes. In December 2021, CellMEAT released images of its Dokdo shrimp—the first of its kind. The shrimp was created without fetal bovine serum, making the process not only more efficient but more ethical. While the practice of taking tissue from unborn cows was seen as the standard when cultivated meat first gained momentum, companies are looking for more cost-effective and ethical methods to recreate animal muscle tissue. CellMEAT’s proprietary serum-free culture could change the game. Having declared the shrimp a success, the company is working to lower the cost of production and look into other seafood options like king crab and lobster. 

    On the land side of meat, Sejong University researchers revealed the country’s first cultivated pork last spring. The ultimate goal for the product is commercialization, though more funding is needed to make this leap. In the meantime, the university team is working on a beef prototype. 

    Like most countries, South Korea has yet to establish regulations around cultivated meat. Currently, Singapore is the only nation to approve the commercialization of cultivated meat, though Qatar is expected to be next. GOOD Meat—the cultivated meat arm of the American Eat JUST brand, known for its plant-based liquid egg—is the only cultivated meat being served in the world, in the form of cell-based chicken.  

    South Korea is forging its own path with the plant-based industry. On a global scale, the vegan market has relied less upon importing and more upon at-home innovation. In lieu of shipping in products from one of America’s leading meat companies such as Beyond Meat and Impossible Foods, nations are creating their own products and sharing them abroad. The industry has become a two-way street—a constant sharing of ideas, foods, and tastes that both inspire and excite consumers and entrepreneurs that are oceans apart. It’s not a competition, and the world still has a ways to go in regards to a vegan majority population, but the more we work together to make these products more accessible, the closer we are to a more compassionate and sustainable planet. 

    For more on vegan industry in South Korea, read:
    Burger King Adds Vegan Whopper in South Korea
    Vegan Delivery Service Launches in South Korea
    South Korea Is About to Label All Its Vegan Products

    This post was originally published on VegNews.com.

  • Big business profiteers have made out like bandits through the Pandemic, emboldened by myriad failures of government and community panic. Callum Foote and Stephanie Tran report on the RAT test wave and the wave of private hospital profit opportunity looming in its wake.

    This post was originally published on Michael West Media.

  • The closing of the transaction is anticipated by the end of March 2022, the company said

    This post was originally published on The Asian Age | Home.

  • Karachi,

    Pakistan Federal Investigation Agency’s-FIA Cyber ​​Crime Wing investigating and issues Notice to mega scam linked to Crypto Currency Exchange. Notices were also issued to Binance General Manager in Pakistan on $100 million scam through online application for the first time. More than Rs 18 billion Fraud from Pakistani citizens under the guise of crypto currency was also revealed.

    FIA Cyber ​​Crime Sindh claims that fraudsters transferred money abroad through cryptocurrency. The FIA ​​Cyber ​​Crime received complaints of fraud of billions of rupees through 9 online applications. Billions of rupees were falsified from Pakistanis through online applications and these online applications were linked to the global exchange currency of cryptocurrency. Bitcoin, Ethereum and Dodge Coins among others crypto-currencies were invested in Binance.

    Surprisingly, the news of the multi-million dollar fraud in the cryptocurrency exchange did not affect negative trend but reports of an extraordinary increase in trading. People involved in cryptocurrency trading have invested heavily and started selling different currencies and small investors are buying different digital currencies at their own risk.

    Consumers believe that Pakistani institutions have the right to investigate and if there is a flaw in the system, it should be rectified. Investments in cryptocurrency continued from Pakistan, but for withdrawal, the Pakistani currency also benefited in case of profit.

    This post was originally published on VOSA.

  • Sydney lockdown, Premier Gladys Berejiklian, Covid-19
    It’s a dang good thing we’re winning the cricket because the government has collapsed. Scott Morrison’s Team Australia has left the health system to fail; the virus is out of control, tracking and testing has crashed, and Liberal Party corporate mates Harvey Norman and Chemist Warehouse are profiteering. Michael West looks at the price of Scomo’s “personal responsibility”.

    This post was originally published on Michael West Media.

  • In the case of Branch Channels, there is no change in the service charges in the existing slabs

    This post was originally published on The Asian Age | Home.

  • WTO is a 164-member multilateral body which formulate rules for global exports and imports

    This post was originally published on The Asian Age | Home.

  • Exclusive: sponsorship unacceptable given concern about human rights in China, says Robert Hayward

    A Tory peer has vowed to lead a boycott of Coca-Cola products over the company’s sponsorship of the 2022 Beijing Olympics, saying its bid to profit from an event organised by the Chinese government was shameless.

    Robert Hayward, who was a founding chairman of the world’s first gay rugby club and a former personnel manager for Coca-Cola Bottlers, said it was unacceptable for firms to help to boost the use of the Winter Games as a propaganda exercise given concerns over the treatment of 1 million Uyghurs and other Muslims in Xinjiang province.

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • Banks have been permitted to charge Rs 21, instead of Rs 20 with applicable taxes, if any, shall be additionally payable

    This post was originally published on The Asian Age | Home.

  • The matter has been referred to the tax rate rationalisation committee and it will be discussed again at the next meeting of the council

    This post was originally published on The Asian Age | Home.

  • Earlier in May, the RBI had extended the last date for updation of KYC by regulated entities till December-end

    This post was originally published on The Asian Age | Home.

  • Rupert Murdoch, News Corp Australia, media inquiry
    Half a million Australians have called for a Royal Commission into Rupert Murdoch and Australia’s media concentration. Are News Corp thuggery and media diversity the main game though? Michael West investigates a mollycoddled media.

    This post was originally published on Michael West Media.

  • An airline has to pay for air navigation, landing and parking among others to the AAI

    This post was originally published on The Asian Age | Home.

  • On 5G Test bed, it informed that the indigenous 5G test bed project funded by the DoT has reached its final stages

    This post was originally published on The Asian Age | Home.

  • The sudden action from the central bank raises fears about asset quality and the overall health of the bank

    This post was originally published on The Asian Age | Home.

  • These changes in the labour code will have a significant impact on working hours, take-home salary and PF contribution

    This post was originally published on The Asian Age | Home.

  • The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence

    This post was originally published on The Asian Age | Home.

  • The Board of Directors of Indian Oil approved the deal at its meeting held on December 20

    This post was originally published on The Asian Age | Home.

  • Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore

    This post was originally published on The Asian Age | Home.