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Jubin Peter, Karthik Shivan share their journey of becoming one of India’s largest players in electronic distribution and retail

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Jubin Peter, Karthik Shivan
Jubin Peter, Karthik Shivan

Jubin Peter and Karthik Shivan from Qthree Ventures sat in an exclusive conversation with NewsX for its special segment NewsX A-List. Jubin Peter is Co-Founder & Chairman and  Karthik Shivan is the Co-Founder & MD of Qthree Ventures and they discussed with NewsX about their business and venture offering retailing and existing models.

Jubin Peter started off talking about the company, “This is one of the largest consumer durable platforms offering excellence in omnichannel fulfilment, distribution and market growth. We want to be one of the biggest national distributors serving considerable brands, especially in the TV space and air conditioners. We continue to serve following the pillars of our organization, which is to reach people, and commitment. We have spread ourselves across the length and breadth of the country, representing several global brands.”

Talking about the reason behind starting Qthree, Karthik Shivan said, “Both myself and Jubin come with a lot of experience in the consumer durable market. So, once when we were just discussing starting something of our own. We decided about something which is in the same platform in the industry that we understand, so that was the main reason behind its start.”

Speaking of Qthree ventures take on Central Government’s Make In India initiative, Shivan added, ”As our Prime Minister says that  Make In India aims to make our country self-reliant. When unless and until the startups in India, become self-reliant, it does not contribute to the economy of India. So that is a reason when we had this opportunity of manufacturing televisions, we took the first opportunity and we wanted to do something around that platform.”

Elaborating on the ease of doing business in India coming from a professional sector moving into entrepreneurship, Peter shared his insights. He said, “There have been a lot of systemic changes that have been happening around the business space in India. When we look 10 years back, the market was very different, prior to that it was again more unorganized but slowly we are moving towards a very organized structure. In India, thanks to several initiatives taken by various Central and even state governments, Make In India again as a big boost to manufacturers and maybe entrepreneurs like us. One of the major interesting parameters about integrity is one of the largest economic resurgent economies and it’s a very huge population to attend.”

“There are very few countries in the world with such huge domestic markets, so as not the number also themes at first catering to the domestic market completely indigenous view. So, there are several initiatives occurring in GSTs and imports and customs, even banking, so the entire ecosystem now forces us to evolve, in a more structured, more organized, more honest way. We really find the corruption is slowly moving up and clearing up in the system. All this enables us to look at a long term game. If you are venturing into Indian business now you should come with an aim to play it long and you should also aim to play clean,” Peter continued.

Sharing their future plans, Peter said “Thanks to the various people in the company and outside the company who have supported us in this journey. We had a wonderful stellar growth in the last seven years. We started as a regional distributor for a few brands and now moved on to be national distributors and we moved into the space of imports. Now we have become a manufacturer, we are in retail. Our vision, our mind and body got together since we started working on this as a venture. We always wanted to be in the space of electronics, but we wanted to be a vertically integrated ecosystem. So we always focused on being vertically integrated where we are from the grassroot levels of manufacturing to distribution, to domestic markets, to retailing to e-commerce and later also make for the world, which is exports.”

“We have successfully been able to touch base upon all these. Last seven years were primarily to develop strong foundations. We have always focused on creating strong foundations, and I believe we have done a fair job in creating the kind of foundations that we have infrastructure across the country. We have some great people who we have recruited from corporate. We also have figured out the platform to cater to different segments of income. So now it is easier to strategize and easier to execute. Henceforth, Qthree ventures will play a very significant role in space and consider we will be holding several licenses of several global brands and again we will be making it completely indigenously under the Make in India program, and selling it across the country,” Peter further added.

Sharing about how their professional background helped in understanding the market ecosystem and consumers better, Shivan stressed, “Our professional background has helped us to whatever we are today because that made us understand how retail works, how the factory works, how a brand has to be launched. We also understood how Indian consumers behave towards a brand. So, we are learning. Thankfully, both of us had a business orientation.”

“We took our job in the sense that one day we are going to open up businesses so we need to understand the job from the perspective of a business and ensure both of us are in touch. Throughout our careers, we understood how the market behaves and we have tried to implement the same thing into our business cultures,” Shivan further added.

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UNRULY TOURISTS THRONGING CASINOS AS IF IT WERE A CARNIVAL TIME: GOA BJP MLA

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A ruling BJP legislator in Goa on Tuesday criticised unruly tourists thronging the state’s offshore casinos as if it were a carnival time, thus foregoing social distancing norms and other Covid-related SOPs.

BJP MLA Atanasio Monserrate also expressed concern about increasing number of Covid-19 cases traced to Goa’s offshore casinos, while urging Health Minister Vishwajit Rane to direct his officials to conduct an inspection to see whether SOPs are being followed in the offshore casinos of Goa.

“They (tourists) come here to have fun, but Goans should not be infected by Covid-19 because of this. I will be speaking to the Chief Minister and the Health Minister to see what can be done to check if SOPs are being followed,” Monseratte said, commenting on the large unruly crowds outside the six offshore casinos operating in the Mandovi river off Panaji.

“No one is wearing masks. It is like a carnival. Goans may end up paying dearly for this. Maharashtra has even made testing compulsory for Goans. But here, it is free for all. According to the guidelines, they cannot allow operations like this,” Monserrate said.

Carnival is a popular Catholic event which marks the beginning of the holy lent season. On Monday, after photos of thousands of tourists milling on beaches and outside casinos without masks and in violation of the social distancing norms, were published in the local media, Chief Minister Pramod Sawant had announced an increase in penalty for not wearing masks from Rs 100 to Rs 200.

With IANS inputs

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MAHAGATHBANDHAN FIELDS RJD MLA FOR SPEAKER’S POST IN BIHAR

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RJD leader Tejashwi Yadav

The Mahagathbandhan (Grand Alliance) in Bihar on Tuesday fielded five-time Rashtriya Janata Dal (RJD) MLA Awadh Bihari Choudhury as its candidate for the post of Assembly Speaker. The election for the Speaker’s post is due on Wednesday.

Choudhury, an MLA from Siwan, is directly pitted against National Democratic Alliance (NDA) nominee and three-time BJP MLA Vijay Kumar Sinha.

RJD leader Tejashwi Yadav on Tuesday said Choudhury has filed his nomination for the Speaker’s post on behalf of the Opposition Grand Alliance. Confident of Choudhury’s victory, he said that the post of Speaker in the Legislative Assembly is an eminent and responsible post held by a leader who can take the ruling party and the Opposition along and listen to the views of all party leaders. The Speaker’s chair must be held by someone who has immense political experience, Tejashwi added.

Asked about seeking support from the All India Majlis-e-Ittehadul Muslimeen (AIMIM), Tejashwi said he would appeal to all the Opposition MLAs to vote for a veteran leader as Speaker of the Assembly. The RJD leader said Choudhury became an MLA for the first time in 1985 and has been elected an MLA five times.

Choudhury said the Grand Alliance has nominated him as the candidate for the post of Assembly Speaker. The Siwan MLA assured all the MLAs that if elected as Speaker he would run the House following all rules and perform his task without any prejudice.

Meanwhile NDA candidate Vijay Sinha said that normally the post of Speaker goes to the ruling party as it has the majority in the House. “The post of Speaker is elected with mutual understanding of ruling and opposition parties and it is based on numbers. Our alliance has projected me on the basis of seniority and we are fully confident about it,” Sinha said.

Tarkishore Prasad, the Deputy Chief Minister of Bihar and BJP leader said: “We have the numbers to elect the Speaker in the House and we will prove our majority. Traditionally, it goes to the ruling alliance.”

Meanwhile, the RJD’s Tejashwi Yadav urged pro-tem Speaker Jitan Ram Manjhi to conduct the oath-taking ceremony of every candidate of his alliance.

Yadav was hinting at Bahubali MLA Anant Singh of the RJD and Amarjeet Kushwaha of the CPI (ML). The former was elected from Mokama and is currently lodged in jail. Kushwaha has been elected from Ziradei and is lodged in Siwan jail. Both of them are facing criminal charges.

The opposition Mahagathbandhan has 110 seats in the Assembly and there is reportedly a big chance of 5 AIMIM, 1 BSP and one independent candidate voting in its favour. The ruling NDA has 125 seats. In such a situation every vote is important for both the sides.

With IANS inputs

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Hold Punjab, Haryana Chief ministers liable for stubble burning: AAP

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Senior Aam Aadmi Party (AAP) leader Atishi Marlena said on Monday that the Environment Committee of the Delhi Assembly, of which she is the chairperson, met the Air Quality Commission and demanded strict action against Punjab and Haryana governments for burning stubble.

She said the commission has been requested to fix the accountability of the Chief Ministers of Punjab and Haryana on the issue of burning stubble and take strict action against them by filing a case.

The AAP leader said the commission has also been requested to order the governments of Punjab and Haryana to resolve the stubble burning issue with bio-decomposer technology.

She said, “We presented the commission with two major agendas. The first is to give orders to the governments of Punjab and Haryana to implement the bio-decomposer developed by the Pusa Research Institute in cooperation with Delhi government with immediate effect. This is an effective as well as an efficient alternative to this problem. Secondly, we have also requested the commission to take stringent action against the Chief Ministers of Punjab and Haryana as they have failed to curb stubble burning. The Air Quality Commission has the power to take legal actions and can order jail term to anyone causing pollution.”

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RJD will hit the streets if NDA doesn’t meet 19L job promise, says Tejashwi

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RJD leader Tejashwi Yadav

Rashtriya Janata Dal (RJD) leader Tejashwi Yadav said in Patna on Monday that his party would hit the streets if the NDA doesn’t meet its poll promise of providing 19 lakh jobs in the next one month.

Tejashwi, reached the Bihar Assembly on day one to take oath as an MLA along with his elder brother Tej Pratap Yadav.

“The Assembly election was fought on the issues of unemployment and corruption. We had promised to provide 10 lakh jobs in the first cabinet meeting. The NDA, in the joint Sankalp Patra, also claimed to provide 19 lakh jobs. Now, they have formed the government in Bihar through conspiracy. As real representatives of people of Bihar, we will not let them go scot-free without implementing their poll promise,” said Tejashwi.

“In the last 15 years, Nitish Kumar has turned into the Bhishma Pitamah of corruption. Around a dozen of his cabinet ministers are either involved in corruption or facing criminal charges. As many as 60 scams took place during his government in last 15 years,” alleged Tejashwi.

“These scams are investigated by many IPS and IAS officers and some of them have written letters to the authorities for proper investigation,” said Tejashwi, alluding to letters written by Amitabh Kumar Das, a retired IPS officer, who has written letters against Mewalal Choudhary and Manju Verma.

“The selection of ministers is the only decision of Chief Minister. Didn’t he know the criminal charges on tainted Mewalal Choudhary? He has been an absconder in the past. The governor of Bihar had sacked him from the post of Bihar Agriculture University Vice chancellor. Still Nitish Kumar gave the important education ministry to him. Now, Nitish Kumar has given the education ministry to Ashok Chaudhary whose wife is involved in multi-crore scam. The CBI had registered a case against her and matter in pending in Supreme Court,” Tejashwi said.

“Over the last few years, Nitish Kumar used to claim that elections were fought on his face. The people of Bihar rejected him in the 2020 assembly election. That’s why his party came at third position. Despite being at third position, he has become CM. They conspired against the RJD in this election, still it became the single-largest party in the assembly with 75 seats and 23.5 percent to votes,” added Tejashwi.

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Former Assam CM Tarun Gogoi shows some improvement but still critical

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The health of former Assam Chief Minister Tarun Gogoi has slightly improved after deteriorating on Saturday, the Superintendent of Gauhati Medical College and Hospital, where he is admitted, said on Sunday. His condition, however, is still critical.

“Last evening former Assam Chief Minister Tarun Gogoi’s health deteriorated so we intubated him, he was critical yesterday. His AGB (arterial blood gas) test and parameters are slightly better today,” hospital Superintendent Dr Abhijit Sarma told ANI here.

Gogoi’s heath had deteriorated on Saturday. He was “critical” and on ventilator support following post-Covid complications. There were also reports that Gogoi is suffering from multi-organ failure.’

The 86-year-old Congress leader had become “completely unconscious” on Saturday afternoon after difficulty in breathing, Assam Health Minister Himanta Biswa Sarma said. He also suffered multiple organ failure, the minister confirmed.

Since Saturday, Gogoi has been on mechanical life support at the Gauhati Medical College and Hospital, where a team of doctors is monitoring his health and efforts are being made to revive his organs with medicines and dialysis.

The GMCH doctors are in constant touch with experts from Delhi’s premier All India Institute of Medical Sciences who have ruled out the possibility of shifting Gogoi outside the state in this condition.

Tarun Gogoi’s son, Congress leader and MP Gaurav Gogoi, is at the hospital.

The three-time former Assam CM had tested positive for Covid-19 in August. On 26 October, he had thanked the medical team at Guwahati Medical College and Hospital including the specialists, doctors, nurses, staff, for their “excellent care for the past two months” and had said that he looked forward to continuing his recovery at home under medical supervision.

With agency inputs

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Bharti Singh, her husband sent to judicial custody till 4 December

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On Sunday, a court in Mumbai sent comedian Bharti Singh and her husband Haarsh Limbachiyaa to judicial custody till 4 December. The two were arrested by the Narcotics Control Bureau (NCB) in connection with the alleged consumption of cannabis.

Before producing the couple in the court, the NCB took them to the hospital for medical examination.

Bharti Singh was held on Saturday while Haarsh Limbachiyaa was arrested a day later on Sunday.

“Charges of consumption of drugs have been invoked against them,” said Sameer Wankhede, Zonal Director of the NCB, Mumbai.

NCB on Saturday raided the production office and house of comedian Bharti Singh and recovered 86.5 grams of ganja (cannabis) from both places.

The NCB had earlier raided a place in Khar Danda area and nabbed a trafficker aged 21 years with various drugs including 15 blots of LSD (commercial quantity), ganja (40 grams), and Nitrazepam (psychotropic medicines). In follow up and in corroboration with previous inputs, the NCB raided the production office and house of comedian Bharti Singh.

This comes as the probe, which began from the drug case in connection with the death of actor Sushant Singh Rajput, continues to expand to the alleged drug abuse by Bollywood celebrities.

Recently, a raid was also conducted at the residence of actor Arjun Rampal, after which he and his girlfriend were summoned by the NCB for questioning in the matter.

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