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BizWiz 87

V.V. RAMANAN

BizWiz 87

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Which luxury brand has signed Priyanka Chopra Jonas for its ‘Unexpected Wonders’ range?

BizWiz 87

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theysay
Due to Covid, there was a demand shrinkage for travel, hospitality and discretionary spends; there was a rush to saving money. Companies deleveraged and cut back; SMEs just survived thanks to ECLGS. The economy was in a rollback situation. After Delta wave, things started coming back and by July-August 2021, there was a different feel. The combination of low rates and good deals resulted in the housing boom. Consumption typically in the months of April and May is subdued, but this time in April and May, we saw strong consumption across categories, products and services led by urban. In August, it continued to be strong. The credit growth at 15.5 per cent is probably one of the highest in the industry that we've seen for a very long time. Shanti Ekambaram, Group President and Whole Time Director-Designate, Kotak Mahindra Bank is confident that multi-year high loan growth is a sign of a strong comeback in consumption. Quoted in businessline
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Do nothing, get paid
Shoji Morimoto has what some would see as a dream job: he gets paid to do pretty much nothing. The 38-year-old Tokyo resident charges 10,000 yen ($71) per booking to accompany clients and simply exist as a companion. "Basically, I rent myself out. My job is to be wherever my clients want me to be and to do nothing in particular," Morimoto told Reuters, adding that he had handled some 4,000 sessions in the past four years. With a lanky build and average looks, Morimoto now boasts nearly a quarter of a million followers on Twitter, where he finds most of his clients. Roughly a quarter of them are repeat customers, including one who has hired him 270 times. His job has taken him to a park with a person who wanted to play on a see-saw. He has also beamed and waved through a train window at a complete stranger who wanted a send-off. The companionship business is now Morimoto's sole source of income, with which he supports his wife and child. Source: Reuters