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ETPWLA highlights success, risk taking journey of women entrepreneurs: Aisha De Sequeira



In conversation with Aisha De Sequeira, Co-Country Head & Head of Investment Banking – India, Morgan Stanley. The Jury member at ETPrime Women Leadership Award (ETPWLA), shared her thoughts on the award initiative. Hailing the virtues of leadership and success, ETPWLA is here to set a benchmark of success for women in business and inspire a million others to come forward and wield the baton of excellence. The awards recognise women leaders who have helped create a new and lasting template for leadership. To know more, visit –

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We need to invest in women: Safeena Husain | ETPWLA



In conversation with Safeena Husain​, Founder & ED, Educate Girls Foundation and winner of ​’Beyond Business’ award at ETPrime Women Leadership Award (ETPWLA). Hailing the virtues of leadership and success, ETPWLA is here to set a benchmark of success for women in business and inspire a million others to come forward and wield the baton of excellence. The awards recognise women leaders who have helped create a new and lasting template for leadership. To know more, visit –

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Snow jobs: In tight labor market, ski areas up the ante

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It was once {that a} free ski go was sufficient to lure employees to seasonal jobs at mountain resorts. Not.

Within the present tight labor market, ski areas throughout the nation are having a troublesome time filling jobs, so that they’re upping the ante by boosting wages, offering extra housing and providing different perks to fill these jobs earlier than the snow flies.

New Hampshire’s Wildcat is providing a $1,000 bonus for brand spanking new snowmakers to come back on board, and Sunday River in Maine final yr elevated its hourly wage from $13 to $20 for that job. Utah’s Snowbird is increasing its pool van service to get staff to the mountain, and Sugarbush in Vermont, which has among the many lowest unemployment charges within the nation, is hiring extra overseas school college students.

“It is an unlimited problem for us,” Dave Byrd of the Nationwide Ski Areas Affiliation stated of the labor challenge.

As a result of ski resorts are by their nature in mountainous areas, they’re usually removed from cities from which to attract employees. And with the nationwide unemployment fee lately hitting the bottom stage in 50 years, potential employees would slightly have full-time jobs with advantages, stated Byrd, director of threat and regulatory affairs for the Colorado-based affiliation.

“We do not have a whole lot of ski areas which can be in shut proximity to main metropolitan areas. And even once we do, just like the ski areas in Salt Lake … they’re nonetheless struggling to seek out folks,” he stated.

The nation’s roughly 460 ski resorts rent about 100,000 seasonal employees every fall, he stated. Many depend on overseas visitor employees for five% to 10% of their labor, he stated.

“We’re not in a position to fill 100% of the roles we have now out there,” he stated, including that the J-1 visa program is crucial for the ski business.

This system is meant to present overseas employees who might be students, lecturers, camp counselors and au pairs coaching and expertise in these fields in america. The ski business makes use of about 8,000 J-1 visas, Byrd stated.

This yr, Vermont’s Sugarbush is bringing on greater than 100 overseas school college students by means of this system due to the problem in filling jobs. A number of years in the past, it had nobody on J-1 visas, spokesman John Bleh stated by electronic mail. Sugarbush has additionally been growing its worker housing over the previous a number of years, in response to Bleh.

Housing might be scarce, costly or each within the distant mountainous areas or resort cities, and on-line trip rental companies have added stress to the market by gobbling up a piece of the out there property, Byrd stated.

The housing crunch makes it troublesome to be ski bum these days.

“In case you wished to be ski bum and also you need to take a spot yr after you graduate school earlier than you go on to getting an actual job, that notion of the ski bum within the 1980s and 1990s, these are laborious to seek out, these folks, as a result of housing is so enormously difficult for us within the business,” Bryd stated.

And the free mountain go that comes with the job is now not sufficient of an incentive within the period of aggressive go applications that permit skiers and snowboarders to get a discount with out working on the resort, he stated.

On high of that, potential employees can now be picky and go for a year-round job with advantages.

“When House Depot and Goal are paying $13 an hour, and the ski space 20 minutes out of city — they have to match that,” Byrd stated. “They have to compete for that labor pool.”

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Largest unlock within the economic system right this moment is creating ​a gender-equal world ​: ​​Gayatri Yadav​​| ETPWLA



In dialog with​ ​Gayatri Yadav​​, ​​President & Head – Client Technique & Innovation ​, Star India and​ winner of ‘Model and Advertising and marketing Chief of the 12 months’ at ETPrime Ladies Management Award (ETPWLA). Hailing the virtues of management and success, ETPWLA is right here to set a benchmark of success for ladies in enterprise and encourage one million others to come back ahead and wield the baton of excellence. The awards recognise girls leaders who’ve helped create a brand new and lasting template for management. To know extra, go to –

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Large American Dream mall to open however will buyers come?

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Greater than twenty years in the past when a mega leisure and purchasing complicated was being conceived on an unlimited swath of swamp land in New Jersey, the iPhone did not exist, Amazon was solely promoting books on-line and malls had been the place you went for all of your purchasing wants.

Now, after infinite suits and begins and billions of {dollars} spent, American Dream is formally opening its doorways to the general public because the second largest mall within the nation, and third largest in North America. It’s going to showcase three million sq. ft of leasable house devoted to greater than a dozen leisure points of interest like a 16-story indoor ski slope, rollercoaster, waterpark and ultimately 450 retail, meals and specialty retailers.

The large query is: Who will come?

In immediately’s retail panorama, customers are glued to their iPhones and smartphones, the place they will do their purchasing with out ever leaving their sofa. Amazon has morphed into the largest on-line retailer on the earth. And total site visitors at malls, which had been on the rise within the late 1990s, has declined 10% since, in keeping with an estimate by Coresight Analysis.

A report from Credit score Suisse printed two years in the past predicted that as much as 1 / 4 of the purchasing malls will shut by 2022 given the growing reputation of on-line purchasing and a rash of retailer closings. Since 2015, solely 9 malls have been constructed, a dramatic fall from their peak building in 1973 of 43, in keeping with CoStar Group, an actual property analysis agency.

Amid that new actuality, American Dream is trying to attract 40 million guests in its first yr, with leisure accounting for greater than half of its house. Sights embrace a bunny subject and an aviary. There may even be such facilities as a doggy day care and a luxurious wing, the place buyers can sip champagne and pattern caviar as they wait to have their designer purses wrapped. Two resorts with a complete of three,500 rooms are being deliberate subsequent to the complicated.

“You can also make it your yard playground when you stay in Manhattan and even when you’re in New Jersey,” mentioned Ken Downing, chief artistic officer for Triple 5 Group, the mall’s developer. “It is a staycation. So, it is somewhat little bit of competing with mindset and emotion, excess of a property and even Disneyland.”

In the course of the grand opening Friday, the odor of noticed mud and sound of electrical drills served as a reminder that the American Dream continues to be a piece in progress. Solely sure sections had been accessible to buyers and the mall will not be absolutely operational till subsequent spring.

On the ice-skating rink, spectators had been watching skilled skaters do routines. New Jersey Governor Phil Murphy and his spouse rode one of many curler coasters together with different state officers on the Nickelodeon amusement park.

“The attraction is that this,” mentioned Giovanni Scolaro, who lives in close by Elmwood Park, New Jersey, pointing to the curler coasters and different points of interest. “I’ve a 7-year-old little one and grandchildren. That is going to be a draw.”

Canada-based mall and leisure conglomerate Triple 5 in 2011 took over the large challenge initially dubbed Xanadu from two builders, whose plans included constructing the world’s largest Ferris wheel. The challenge broke floor in 2004 however it languished through the early years, with its multi-colored, checkerboard exterior — since eliminated — drawing derision, together with from then-New Jersey Gov. Chris Christie who known as it “an offense to the eyes” and “the ugliest rattling constructing in New Jersey and perhaps America.”

The challenge was suspended in 2009 through the monetary disaster after a Lehmann Bros. affiliate did not fund its share of the development. Collectors seized the challenge in 2010, and Triple 5 got here on board a yr later, renaming it American Dream.

Triple 5 reimagined American Dream as a neighborhood hub for vacationers and locals, taking a web page from two different malls it had developed, West Edmonton Mall in Alberta, Canada and Mall of America in Bloomington, Minnesota — the 2 largest malls in North America. Leisure was a giant promoting level for each, accounting for 20% of the West Edmonton Mall’s house and 30% of Mall of America’s. That compares with the 6% common for U.S. malls, in keeping with CoStar.

American Dream has its fair proportion of skeptics who surprise about its probabilities of success, particularly given its proximity to New York Metropolis lower than 10 miles away.

“This improvement will both sink or swim,” mentioned Jason Goldberg, chief commerce technique officer of Publicis Communications. “It should be robust to get quite a lot of consideration if you find yourself subsequent to a a lot greater amusement park — Manhattan.”

Goldberg believes the complicated might work if the amusement park entices sufficient households in New Jersey to get into their vehicles and drive on the market . However he is unsure about how shops will fare since lots of the tenants like Zara and Uniqlo will be discovered elsewhere. One other thorny scenario: The mall will abide by the blue legal guidelines, which means retail might be closed Sundays despite the fact that the eating places and theme parks might be open, says James Cassella, the East Rutherford, N.J. mayor.

Nonetheless, there’s purpose for hope. Whereas emptiness charges on common on the nation’s malls are at present at 4%, prime malls have been the trade’s vibrant spot, boasting robust site visitors and at present averaging a 2% emptiness charge, says CoStar. That is in contrast with the underside rung of malls, that are wrestling with a 7% common emptiness charge.

David Smiley, assistant director of city design at Columbia College, predicts American Dream “will do fairly nicely.”

“There’s quite a lot of uncertainty within the retail world,” Smiley mentioned. “However American Dream is uncommon. It isn’t a typical mall.”

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Management is about ardour, inspiration and teamwork: Preeti Gupta | ETPWLA



In dialog with ​Preeti Gupta​, ​Group Govt President, Aditya Birla Group and winner of ​’HR Chief of the Yr’ award at ETPrime Ladies Management Award (ETPWLA). Hailing the virtues of management and success, ETPWLA is right here to set a benchmark of success for ladies in enterprise and encourage 1,000,000 others to return ahead and wield the baton of excellence. The awards recognise ladies leaders who’ve helped create a brand new and lasting template for management. To know extra, go to –

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Amazon’s revenue falls as sooner delivery prices soar

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Amazon’s push for sooner supply is hurting its income.

The net retailer mentioned third-quarter revenue fell 26% from a 12 months in the past, lacking Wall Road expectations. Its inventory sunk 6.5% in after-hours buying and selling.

Amazon is transferring to chop its supply time in half, to at some point as a substitute of two, for Prime members who pay $119 a 12 months. The corporate mentioned that it is costing the corporate about $1.5 billion to make the change, practically double what it anticipated.

“It is a massive funding, and it is the suitable long-term resolution for purchasers,” mentioned Amazon CEO Jeff Bezos, in an announcement.

The Seattle-based firm reported web revenue of $2.1 billion, or $4.23 per share, within the quarter ending Sept. 30. That is 36 cents under what analysts anticipated, in response to FactSet.

Its income, nonetheless, beat expectations, rising 24% to $70 billion.

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ETPWLA Panelists on how awards encourage ladies entrepreneurs



In dialog with Debarati Sen, Kanika Tekriwal, Kshama Fernandes and Dr Geetha Manjunath . The panel members at ETPrime Ladies Management Award (ETPWLA), share their ideas on How can awards like ETPWLA encourage ladies entrepreneurs? Hailing the virtues of management and success, ETPWLA is right here to set a benchmark of success for girls in enterprise and encourage one million others to return ahead and wield the baton of excellence. The awards recognise ladies leaders who’ve helped create a brand new and lasting template for management. To know extra, go to –

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‘Maleficent: Mistress of Evil’ claims No. 1 over ‘Joker’

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The Walt Disney Co.’s “Maleficent: Mistress of Evil” knocked “Joker” out of the No. 1 spot on the field workplace, however simply barely.

Studios on Sunday say the movie starring Angelina Jolie and Elle Fanning grossed an estimated $36 million in North America and $117 million internationally in its first weekend in theaters. The primary movie had a a lot stronger home exhibiting, opening to just about $70 million domestically in 2014, and the sequel was anticipated to earn extra stateside. Though

“It is not as robust as we hoped domestically, but it surely’s begin for October and we’ve an incredible window main into Halloween,” mentioned Cathleen Taff, Disney’s president of theatrical distribution. “Most encouraging is the truth that audiences appear to be responding very positively.”

The A CinemaScore — in distinction to the blended essential critiques — means that the movie may have an extended life on the field workplace.

Though it fell to second place after two weekends on the prime, Warner Bros.’ “Joker” continues to carry robust on the field workplace. It added $29.2 million in its third weekend in North America. The villain origin story has grossed over $247 million domestically. Worldwide, it is earned $737.5 million, and has already surpassed the lifetime grosses of “Justice League” and “Suicide Squad.”

Now the large query is whether or not the R-rated movie will make it to $1 billion, however with a $55 million manufacturing price range, it is already an enormous hit for the studio and can seemingly additionally grow to be director Todd Phillips’ highest-grossing movie too.

“It is already in territory that no one thought it will get to. It is achieved a field workplace that’s above the wildest expectations of the studio and analysts,” mentioned Paul Dergarabedian, Comscore’s senior media analyst. “Even when the field workplace stopped proper now it is an absolute, unqualified success.”

Third place went to a different new sequel, Columbia Photos’ “Zombieland: Double Faucet” with $26.7 million. The R-rated comedy comes 10 years after the unique, reuniting Jesse Eisenberg, Emma Stone and Woody Harrelson with director Ruben Fleischer.

“Three movies incomes over $25 million, that does not occur fairly often,” Dergarabedian famous, though the weekend is down from final yr when “Halloween” opened to over $76 million.

In notable landmarks, “Hustlers” crossed $100 million domestically this weekend. It is the second STX movie to take action this yr after “The Upside.”

And buzzy, awards-friendly indies are persevering with to thrive. “Parasite,” which opened final weekend, added $1.2 million. This weekend, Taika Waititi’s Nazi satire “Jojo Rabbit” opened in 5 theaters with a robust $350,000, the black and white Robert Pattinson and Willem Dafoe mindbender “The Lighthouse” earned $419,764 from eight theaters, and “Jay & Silent Bob Reboot” grossed $93,520 from one display this weekend.

However the yr remains to be down 5% from final yr.

“It was an incredible weekend for sequels and nice weekend for indie motion pictures,” Dergarabedian mentioned. “However we’re nonetheless struggling to get forward of final yr. We’re racing to the end line right here. We have solely acquired 11 weekends left to go.”

Estimated ticket gross sales for Friday by way of Sunday at U.S. and Canadian theaters, in keeping with Comscore. The place obtainable, the newest worldwide numbers for Friday by way of Sunday are additionally included. Closing home figures will probably be launched Monday.

1.”Maleficent: Mistress of Evil,” $36 million ($117 million worldwide).

2.”Joker,” $29.5 million.

3.”Zombieland: Double Faucet,” $26.7 million.

4.”The Addams Household,” $16.1 million.

5.”Gemini Man,” $8.5 million.

6.”Abominable,” $3.5 million.

7.”Downton Abbey,” $3.1 million.

8.”Judy,” $2.1 million.

9.”Hustlers,” $2.1 million.

10.”It: Chapter Two,” $1.5 million.

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Comply with AP Movie Author Lindsey Bahr on Twitter at: http://twitter.com/ldbahr



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Survey: China’s wealthy received richer in 2019 regardless of tariff struggle

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China’s richest businesspeople received richer in 2019 regardless of a tariff struggle with Washington and an financial slowdown, a survey confirmed Thursday.

The common web value of China’s richest 1,800 folks rose 10% over 2018 to $1.Four billion, based on the Hurun Report, which tracks the nation’s rich.

Jack Ma, who retired final month as chairman of e-commerce big Alibaba, was No. 1 for a second 12 months with a web value of $39 billion. Ma Huateng of Tencent, a video games and social media firm, was second at $37 billion, up 8%.

The outcomes mirror the significance of China’s shopper market at a time when U.S. tariff hikes have battered export-oriented manufacturing.

The variety of businesspeople on the listing from the tech, pharma and meals industries rose whereas these from manufacturing declined.

“Wealth is concentrating into the fingers of those that are capable of adapt to the digital economic system,” mentioned Rupert Hoogewerf, the report’s founder and chief researcher, in an announcement.

In distinction to the US and Europe, the place the ranks of the richest persons are dominated by inherited wealth, virtually everybody on the Chinese language listing is self-made.

Hoogewerf famous that when the survey started twenty years in the past, mainland China had no greenback billionaires.

Actual property developer Xu Jiayin, No. 1 in 2017, dropped to 3rd place with $30 billion.

Solar Piaoyang and Zhong Huijuan, a married couple, have been No. 5 at $25 billion after their drug firm, Hansoh, debuted on the Hong Kong inventory alternate. Hansoh makes remedies for schizophrenia and bipolar dysfunction.

Pharma tycoons account for 8% of this 12 months’s listing, double the share 10 years in the past, based on Hurun.

The web value of Ren Zhengfei, founding father of smartphone maker Huawei Applied sciences Ltd., which is on the middle of a wrestle between Washington and Beijing over expertise growth, rose 24% to $three billion. He climbed 36 locations on the Hurun listing to No. 162.

Huawei, which additionally makes community switching gear, mentioned gross sales rose 23.2% over a 12 months earlier within the first half of 2019. The corporate has warned, nevertheless, that it’s going to “face difficulties” as curbs on its entry to U.S. elements and expertise take impact.

Client industries benefited from an 8.4% rise in retail spending within the first half of 2019. That was regardless of a decline in financial progress to a 26-year low of 6.2%.

Qin Yinglin and Qian Ying, a married couple who personal Muyuan Meals, a pig breeder, profited from an outbreak of African swine fever that pushed up pork costs. Their web value tripled to $14 billion.

The listing included 156 folks underneath age 40, a rise of 24 names from final 12 months.

Colin Huang, 39, of e-commerce firm Pinduoduo, ranked No. 7 with $19 billion 4 years after founding his firm.

“No person on the planet has ever made that a lot from a standing begin,” mentioned Hoogewerf.

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Hurun Report: www.hurun.web

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