Davda in Fortune's list of groundbreaking women in food world

September 4, 2014

New York, Sep 4: Tata Starbucks CEO Avani Davda is the only Indian featured in Fortune and Food & Wine's list of 25 "most groundbreaking" women who are changing the way people eat and think about food.

Avani-DavdaDavda, ranked 13 on the 'The Most Innovative Women in Food and Drink' list, leads the joint venture between the American coffee giant and its partner Tata Global Beverages in India, "historically a tea-drinking nation" where coffee is on the rise and a market where Starbucks is looking to profit.

In less than two years, Davda has opened 52 stores across Mumbai, Delhi, Pune, Bangalore, and Chennai.

Fortune said Davda, 34, has balanced Starbucks staples like Frappuccinos with local offerings.

Her team launched an India-sourced and roasted coffee, called India Estates Blend, to mark Starbucks' first anniversary in the country.

Fortune and its Time Inc sister publication Food & Wine spent months searching for the "most groundbreaking women in the food and drink world".

The publication said the women on list may not operate at the same scale as the big industry players such as PepsiCo's India-born CEO Indra Nooyi and Mondelez International CEO Irene Rosenfeld, who are regulars on Fortune's Most Powerful Women in Business ranking.

"But this group is permanently changing the way we eat and how we think about food. Now that's power in its own right."

The list also includes United Nations World Food Programme Executive Director Ertharin Cousin who as the head of the world's largest humanitarian organisation combating hunger, leads a team that must quickly get aid to those faced with conflict and natural disaster.

Congresswoman Chellie Pingree has made food policy reform one of her big issues in Congress, pushing for legislation that supports local, sustainable agriculture.

The list also includes Global Vice President of Quality Standards at American foods supermarket chain Whole Foods Margaret Wittenberg, TV personality and author Rachael Ray, cookware and gourmet food giant Williams-Sonoma CEO Laura Alber and Rural Outreach Africa founder Ruth Oniang'o, who has raised money to help 30,000 small farmers in Kenya, most of whom are women.

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News Network
March 18,2020

San Francisco, Mar 18: Facebook said a bug in its anti-spam system temporarily blocked the publication of links to news stories about the coronavirus. Guy Rosen, Facebook's vice president of integrity, said on Twitter Tuesday that the company was working on a fix for the problem.

Users complained that links to news stories about school closings and other information related to the virus outbreak were blocked by the company's automated system.

Later on Tuesday, Rosen tweeted that Facebook had restored all the incorrectly deleted posts, which also covered topics beyond the coronavirus.

Rosen said the problems were unrelated to any changes in Facebook's content-moderator workforce. The company reportedly sent its human moderators home this week because of the coronavirus outbreak.

A representative for Facebook did not immediately respond to questions on the status of Facebook's content moderators, many of whom do not work directly for the company and are not always able to work from home.

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Agencies
June 10,2020

US dictionary Merriam-Webster will update the meaning of the word "racism" after being contacted by a Missouri black woman, who claimed the current definition fell short of including the systematic oppression of people of colour, according to media reports.

"A revision to the entry for racism is now being drafted to be added to the dictionary soon, and we are also planning to revise the entries of other words that are related to racism or have racial connotations," according to a statement of the 189-year-old dictionary shared by Kennedy Mitchum, a recent graduate of Drake University in Iowa, on her Facebook.

Mitchum, 22, emailed the dictionary last month, following the death of African American George Floyd in the custody of four Minneapolis police officers, Xinhua news agency reported.

"I kept having to tell them that definition is not representative of what is actually happening in the world," Mitchum told CNN. "The way that racism occurs in real life is not just prejudice, it's the systemic racism that is happening for a lot of black Americans."

Merriam-Webster's first definition of racism is "a belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race."

"It's not just disliking someone because of their race," Mitchum wrote in a Facebook post on Friday. "This current fight we are in is evidence of that, lives are at stake because of the systems of oppression that go hand-in-hand with racism."

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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