BLOOMING INSIGHTS

Introduction You might be familiar with the concept of Globalization as there has been much buzz around it. While it has brought home many enormous benefits, the other side says something else. Globalization generally does not put much emphasis on the needs of the local population. To solve this problem, we have got a new concept which serves the global as well as local needs with the help of Glocalisation. Read this article to know about the concept of Glocalisation. What does it mean? Glocalisation is the process by which international goods or services are tailored to a local market's customs, regulations, or tastes. Globalisation and localisation are merged in this word. The term was first used in 1980 by Roland Robertson in the Harvard Business Review, who defined it as "the simultaneity—the co-presence—of both universalising and particularising tendencies." Brands who did it best Many businesses utilise glocalisation when they enter new markets, while others constan

Buzz around Bluesky The Internet welcomes a potential alternative "Bluesky" to tech platform Twitter, which was hitting the headlines due to its new boss, Elon Musk. Bluesky is grabbing the spotlight due to the fact that the platform has been launched by one of the former Twitter CEOs, Jack Dorsey. Bluesky is available on iOS and Android. Birth of Bluesky Bluesky's origin dates back to 2019 with Jack Doresey's announcement to fund a small team within Twitter itself. Surprisingly, it became independent of Twitter in 2022, just before Elon Musk boarded Twitter's flight. Bluesky intended to provide more user autonomy and control over the content as well as the data, unlike traditional social media platforms. How do I get started? Since Bluesky is still undergoing testing, access is available to invitees only. Several jokes are being floated on the internet, narrating people mocking people for selling the app's invite code for a handsome amount. Although the compa

Introduction India's aviation sector has experienced another setback with Mumbai-headquartered Go First Airlines filing for bankruptcy. The Go First crisis has sent shockwaves to multiple stakeholders by filing for bankruptcy and cancelling flights. In 2017, it was the fifth largest airline in India capturing a market share of 8.4 percent.  But what were the reasons for Go First’s downfall? What does the airline have to say?   Read this article to know all about what led to one of the biggest carriers to collapse and shut down its operations.   Reasons of flight cancellation  Go First has been cancelling more than 4000 flights impacting 75000 plus passengers from the past 30 days. The airline has cited operational reasons for cancelling such flights. Also, Go First was not able to meet its financial obligations resulting in lessors repossessing their aircrafts back. Out of the total 54 aircrafts owned by the airline, 28 are grounded making them un-operational.  These revelation

Introduction A total commitment is a paramount to reaching the ultimate in performance - this quotation is appropriate given that India and China, the two largest developing economies in the world, are expected to contribute 50% of the global growth in 2023, according to current forecasts regarding their contribution to global growth. Current projections India and China will together contribute for half of global growth this year, according to the IMF's most current version of the biannual Global Economic Outlook, compared to barely a tenth for the US and the euro area combined. According to the international lender, growth in India is anticipated to drop from 6.8% in 2022 (FY23) to 6.1% in 2023 (FY24), then rise to 6.8% in 2024 (FY25). One of the major economies in the world, the United Kingdom, is expected to be the only one to enter a recession in 2023 (-0.6%), while growth in Germany (0.1%) and Russia (0.3%) may slow or maybe stop altogether. According to the IMF, even if glo