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Keeping in mind Indian government’s ‘<keyword id="6354869" type="UNKNOWN" weightage="100" keywordseo="make-in-India">Make in India</keyword>’ initiative, <keyword id="3148562" type="UNKNOWN" weightage="100" keywordseo="Optiemus-Infracom-Limited">Optiemus Infracom Limited</keyword> and <keyword id="3148447" type="UNKNOWN" weightage="100" keywordseo="Wistron-Corporation">Wistron Corporation</keyword> have announced a joint venture agreement to set up manufacturing facilities for telecom products in India. While Optiemus Infracom Limited is a leading Indian telecom enterprise, Wistron Corporation is a Global Fortune 500 company and Taiwan’s leading <keyword id="1945116" type="UNKNOWN" weightage="100" keywordseo="Original-design-manufacturer">original design manufacturer</keyword> (ODM). The announcement was done in the presence of Mr Amitabh Kant, IAS Secretary - DIPP, Government of India. 
 
As per information, a strategic investment worth approximately US$ 200million would be done in world-class infrastructure, technologies and processes over the next five years. This would be done to cater to the growing Indian and global demands of telecom products like smart phones, tablets and smart devices. 
 
The joint venture also aims to create over 15,000 employment opportunities in India in the next 5 years and provide a complete end to end solution to global and Indian brands encompassing world-class manufacturing infrastructure, distribution, retail and after sales. 
 Mr. <keyword id="210829" type="PERSON" weightage="100" keywordseo="Ravinder-Zutshi">Ravinder Zutshi</keyword>, Managing Director, Optiemus Infracom Limited, said “It is a matter of great pride for us to actively contribute to the growing manufacturing ecosystem in the country. With this partnership, we are committed to make available world class technology products at affordable prices for global and local brands. Embarking on this new journey, we intend to emerge as one of the top three third party manufacturers in the country in the next five years. Our collective expertise in design, manufacturing, distribution, retail and after sales services will provide a holistic solution for brands in India.” 
 Mr. <keyword id="3148565" type="UNKNOWN" weightage="100" keywordseo="Robert-Hwang">Robert Hwang</keyword>, President &amp; COO, Wistron Corporation, “We are excited to enter the world’s fastest growing smartphone market with our partner, Optiemus Infracom Limited. We are confident that by leveraging each other’s strengths, we will be able to bring innovation and value at a faster pace to the end consumers. With our extensive expertise in the global ICT sector and our partner’s unique local market understanding, we plan to significantly grow and nurture the Indian technology market.” 
 
By 2017, India is expected to overtake USA to be the second largest smartphone market globally, as per research firm IDC. The market is expected to continue to grow in double-digits over the next few years as more and more people switch to smartphones and gradually upgrade to 4G-enabled phones. 
 
<a href="http://thefootballcolumn.com/wp-content/uploads/2013/09/hand-shake.jpg">Image Source</a>

Optiemus and Wistron join hands to invest $200mn to set up telecom manufacturing facilities in India

<ul class="summary-list"><li>A US diplomat accused Russia of using North Korean ballistic missiles at least 9 times in Ukraine.</li><li>Robert Wood said Russia and North Korea "must be held accountable for their actions."</li></ul>Russia has fired North Korean ballistic missiles against Ukraine at least nine times, according to a US diplomat.Robert Wood, the US Alternate Representative for Special Political Affairs in the UN, made the accusation on Tuesday at a UN Security Council meeting on Ukraine, <a target="_blank" href="https://www.reuters.com/world/us-russia-clash-un-over-north-korea-patriot-missiles-ukraine-2024-02-06/#:~:text=Russia%20invaded%20neighboring%20Ukraine%20nearly,Republic%20of%20Korea%20(DPRK)">per Reuters</a>."To date, Russia has launched DPRK-supplied ballistic missiles against Ukraine on at least nine occasions," he said, using the acronym for the Democratic People's Republic of Korea, as North Korea is officially known.Wood added that Russia and North Korea "must be held accountable for their actions, which undermine long-standing obligations under UN Security Council resolutions."A UN <a target="_blank" href="https://press.un.org/en/2024/sc15580.doc.htm">press briefing</a> of the Security Council meeting does not mention the accusations.If true, it would be significant, as it would show that Russia is ramping up its use of North Korean missiles in Ukraine.Last month, the White House <a target="_blank" href="https://www.businessinsider.com/russia-north-korea-missiles-ukraine-white-house-2024-1">said</a> it had information showing that Russia had fired North Korean missiles on two separate attacks on Ukraine on December 30 and January 2.South Korea's ambassador to the UN, Joonkook Hwang, went further, <a target="_blank" href="https://www.businessinsider.com/north-korea-using-ukraine-test-site-nuclear-missiles-south-korea-2024-1">accusing</a> Russia of using North Korean-supplied KN-23 missiles on December 30, January 2, and January 4.He said that North Korea had used Ukraine as "a test site of its nuclear-capable missiles."Ukraine's prosecutor-general, Andriy Kostin, <a target="_blank" href="https://suspilne.media/659434-rosia-vze-zapuskala-po-ukraini-raketami-z-kndr-genprokuror/?utm_source=copylink&amp;utm_medium=ps">told</a> Ukrainian state broadcaster Suspilne that a preliminary examination showed that a missile fired at central Kharkiv on January 2 was developed in North Korea.On Wednesday, Serhii Bolvinov, the head of the investigative department of the Kharkiv Oblast police, said in <a target="_blank" href="https://www.facebook.com/permalink.php?story_fbid=pfbid0jhKB7zKnyrvYv5JkZ6ytpPQkVH19CGhvzNqc75KG9iKWyMdsGMGnkArCqXwSBxdUl&amp;id=100002276907245">a Facebook post</a> that two of five missiles launched at Kharkiv earlier that day were made in North Korea.The claim could not be independently verified.While the potential use of North Korean missiles is worrying for Ukraine, military analysts say they could actually help the <a target="_blank" href="https://www.businessinsider.com/russia-use-north-korean-missiles-ukraine-reveal-effectiveness-2024-1">US figure out how effective the missiles are.</a>They also likely won't help Russia defeat Ukraine, as Michael Peck <a target="_blank" href="https://www.businessinsider.com/north-korean-missiles-wont-defeat-ukraine-russia?r=US&amp;IR=T">reported</a> last month.

Russia has used North Korean missiles at least 9 times against Ukraine, US diplomat says

<ul class="summary-list"><li>North Korea is gathering invaluable data by letting Russia use its missiles and ammo in Ukraine.</li><li>A South Korean official warned Ukraine has become a "test site" for North Korea's missiles.</li></ul>The front lines in Ukraine, bloody and bruised from one two years of brutal full-scale war, are proving opportunistic for North Korea.Through its arms deal with Russia, the so-called "Hermit Kingdom" is able to collect useful data on the performance of its artillery ammunition, rockets, and ballistic missiles. Ukraine's emergence as a "test site" for North Korean weapons, as a South Korean official described it, marks the <a target="_blank" href="https://www.businessinsider.com/russia-fired-nine-north-korea-missiles-ukraine-us-diplomat-2024-2">first clearly visible benefits</a> of closer Russian-North Korean relations.At a Monday event at the Center for Strategic and International Studies, US State Department Deputy Assistant Secretary Dr. Jung H. Pak talked about relations between Russia and North Korea, highlighting what the latter has to gain from sending weapons to Russia for its forces to use in Ukraine.North Korean ballistic missiles, she said, "are killing Ukrainian people, destroying Ukrainian lives, and certainly this is an abhorrent violation of UN Security Council resolutions."She said that she can't help but think "about what this does for Kim Jong Un and for North Korea that you have a permanent member of the UN Security Council buying arms and using North Korea's banned ballistic missiles against a country."Pak said it seemed as if Russia was blatantly disregarding nonproliferation norms and noted that "North Korea certainly is not doing this for free.""They're almost certainly looking for things like fighter aircraft, surface-to-air missiles, ballistic missile technologies, and other technologies or armored vehicles," she said, adding that there was a lot Russia could provide. There are many ways North Korea could benefit from this arrangement.All of the developments being seen amount to a "pretty fraught moment," Pak said, "in terms of nonproliferation, what it means for actual war fighting, and what North Korea might be learning about its weapons systems because Russia is actually using it on the battlefield."<div type="image" title="north korea missile launch march 5 2017" height="1335" width="2000" msid="108627529" hostid="261" sizebytes="49428"></div>Earlier this year, the US accused the Russians of using short-range ballistic missiles provided by North Korea in multiple strikes in Ukraine late last year, <a target="_blank" href="https://www.reuters.com/world/white-house-north-korea-recently-provided-russia-with-ballistic-missiles-2024-01-04/">citing declassified intelligence</a>. South Korea had previously reported in November 2023 that North Korea had likely delivered SRBMs and launchers, along with other munitions and artillery as part of a larger arms deal.While both Russia and North Korea have denied the existence of any such deal, Russian President Vladimir Putin and North Korean leader Kim Jong Un held a <a target="_blank" href="https://www.businessinsider.com/russia-desperate-need-for-weapons-ukraine-win-for-north-korea-2023-9">high-profile meeting last September to discuss closer military cooperation between the two states</a>, specifically so that Russia could get North Korean weapons in order to replenish its then dwindling ammo stockpiles.In return, it was suspected that North Korea might request the various technologies and educated personnel it needs for advanced weapons programs, US officials said at the time, including capabilities for its air force and nuclear weapons.<div type="image" title="North Korean leader Kim Jong-Un (left) shaking hands with Russian President Vladimir Putin (right)." height="1160" width="1880" msid="108627530" hostid="261" sizebytes="93072"></div>But Putin and Kim's meeting left vague uncertainties about just how far cooperation between the two could go. Was Russia that desperate for ammo that it would be willing to assist North Korea with its military wish list? It was hard to know.Then, in October 2023, the White House tracked what it identified as more than 1,000 containers of equipment and ammo sent from North Korea to Russia. A month later, South Korea said there'd been about 10 such transfers since August.In total, North Korea is believed to have sent at least a million shells to Russia, beating out the European Union's collective aid to Ukraine since the full-scale invasion in February 2022.North Korea's arms transfers to Russia, and the reported use of North Korea's ballistic missiles in Ukraine, arose during a <a target="_blank" href="https://www.reuters.com/world/us/russia-exploits-un-position-by-acquiring-n-korean-missiles-us-2024-01-10/#:~:text=South%20Korea%27s%20ambassador%20said%20Russia%27s,Korean%20envoy%20Hwang%20Joon%2Dkook.">January 2024 United Nations Security Council meeting</a>.The US and its allies condemned Russia for violating UN resolutions on North Korea. Russia didn't explicitly deny it had fired North Korean missiles, but it did call out "anti-Russian propaganda," saying there had been evidence that the use of such missiles was misinformation.Deputy US Ambassador to the UN Robert Wood said that Russia was "flagrantly violating Council resolutions to attack another UN member state," and he added that its arms deal with North Korea was "undermining the global nonproliferation regime."<div type="image" title="North Korea leader Kim Jong Un observes artillery fire competition in North Korea." height="1555" width="2362" msid="108627531" hostid="261" sizebytes="115054"></div>South Korea's ambassador to the UN, Hwang Joon-kook, said the consequences of such an arms deal went a step further than just closer cooperation between Russia and North Korea, saying North Korea is gaining "valuable technical and military insight" by <a target="_blank" href="https://www.businessinsider.com/russia-use-north-korean-missiles-ukraine-reveal-effectiveness-2024-1">allowing Russia to use its missiles in Ukraine</a>."By exporting missiles to Russia, the DPRK uses Ukraine as the test site of its nuclear-capable missiles," he added.While there are no specific details on which North Korean missiles have been used in Ukraine, experts have assessed Russia has fired KN-23s, which North Korea has claimed can carry nuclear warheads."From the ROK [Republic of Korea] standpoint, it amounts to a simulated attack," he said.<div type="image" title="North Korean military cadets hold a North Korean leader Kim Jong-Il's flag during a perform of the Arirang festival which is a part of commemorations marking the 60th anniversary of the Workers' Party of North Korea on October 6, 2005, in Pyongyang, North Korea." height="1950" width="3000" msid="108627532" hostid="261" sizebytes="351854"></div>But just because North Korea is getting actual combat data on its missiles in Ukraine doesn't mean it hasn't continued its own testing. Just Monday morning, it <a target="_blank" href="https://en.yna.co.kr/view/AEN20240319000200315">launched multiple SRBMs into its eastern waters</a>, South Korea reported. It's the first in over a month but the latest in an increasingly frequent testing schedule. It also came only days after South Korea and the US wrapped major joint military drills.Those 11-day drills involved computer-simulated training and 48 field exercises, double last year's. Throughout the drill, North Korea conducted its own exercises, projecting strength with various tank, artillery, and paratrooper missions.North Korea's latest missile test also occurred while US Secretary of State Antony Blinken was visiting Seoul.Experts have said 2024 is a big year for North Korea on a variety of fronts, as its <a target="_blank" href="https://www.businessinsider.com/north-korea-sitting-pretty-as-russia-china-vie-for-attention-2024-1">relationship with Russia and potentially China grows stronger</a>, and the 2024 US presidential election raises the potential for tension in the region.

North Korea's military is getting more than weapons testing can offer by letting Russia fire its missiles at Ukraine

<ul class="summary-list"><li>Peloton co-founders are starting Ernesta, a direct-to-consumer business selling custom rugs.</li><li>The venture has raised $25 million in investments from Addition, True Ventures, and others.</li></ul>Former Peloton CEO John Foley and two other co-founders of the fitness-equipment company are starting a new direct-to-consumer venture – selling custom rugs. The venture, called Ernesta, is expected to launch in spring 2023. On the company's website, Foley says the name Ernesta reflects his fascination with author Ernest Hemingway and also pays tribute to singer Robert Nesta "Bob" Marley. The company aims to bring "gorgeous, design-focused custom rugs to homes and places of gathering through an enjoyable, frictionless, and affordable experience," the <a href="https://www.ernesta.com/">website</a> states.The company promises a better buying experience for customers at the same price as a store-bought standard-sized rug.Having raised $25 million from a Series A funding round led by venture-capital firm Addition, Ernesta is currently expanding its team and hiring for executive, managerial, marketing, and operations positions. The company will be entering a global carpets and rugs market anticipated to reach $130 billion by 2030.The market is forecasted to rise 1.5% annually in 2024 to meet increased construction of new residential and nonresidential buildings, particularly in the Asia-Pacific region, and higher spending on improvements and repairs to existing buildings in the US and Western Europe, according to The Freedonia Group, an international business research company.Foley is Ernesta's CEO, with fellow Peloton founders Hisao Kushi serving as chief legal officer and Yony Feng as chief technology officer.<h2>'A new space'</h2>The three, along with Tom Cortese and Graham Stanton, <a href="https://www.businessinsider.com/peloton-company-history-rise-fall-2022-2">founded Peloton, known for its high-end exercise bikes and treadmills, in 2012</a>. Foley served as CEO until stepping down in February. He relinquished his executive chairman title in September, <a href="https://www.businessinsider.com/peloton-founder-servers-ties-former-ceo-executive-chairman-john-foley-2022-9">following months of controversy and reduced global demand</a> at the beleaguered company. In a statement, he said: "Now it is time for me to start a new professional chapter. I have passion for building companies and creating great teams, and I am excited to do that again in a new space. I am leaving the company in good hands." Other Ernesta founding team members also worked at Peloton, including former senior vice president Alan Smith; former vice president Jamie Beck; former senior director, operational excellence and engagement, Kristy Foss; former software and new product development executive Marissa Vivori, and former head of product design, Eric Hwang. The company will be entering a crowded space dominated by direct-to-consumer rugs like Ruggable, Flor, Revival, and well-established home decor brands like West Elm and Crate &amp; Barrel that also sell rugs.

Peloton co-founder John Foley launches business selling custom rugs directly to consumers

<div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><ul class="summary-list"><li>Jesse Marsch, who manages Austrian side RB Salzburg, sprinted down the sideline to celebrate after his side pulled back a 3-0 deficit against Liverpool FC in the Champions League on Wednesday night.&#xa0;</li><li>However, the American coach's actions came back to haunt him just nine minutes later when Liverpool's Mohamed Salah scored what proved to be the winner.</li><li>"The emotion I had in that moment and the pride I had in the way the team started out the second half is what led to that celebration," <a href="https://www.youtube.com/watch?time_continue=190&amp;v=eW3IFgna9ys">Marsch told BeIN Sports after the game.</a></li><li>Liverpool scored one of the goals of the season on the night via Andy Robertson, which you can watch below.&#xa0;</li><li><a href="https://www.businessinsider.com/category/soccer-news?r=US&amp;IR=T">Read more of our soccer stories here.</a></li><li><a href="https://www.businessinsider.com/">Visit Business Insider's homepage for more stories.</a></li></ul>Jesse Marsch, manager of Austrian side RB Salzburg, sprinted down the sideline to celebrate with his players after they came back from 3-0 down against Liverpool FC to level the score in the 60th minute of their Champions League group stage match Wednesday night.&#xa0;He was shown a yellow card for his actions.However, the 45-year-old from Wisconsin, USA, was silenced just nine minutes later when Liverpool's Mohammed Salah scored the winner, sinking Salzburg to a 4-3 defeat.Marsch, the first American to ever coach in the Champions League, had no regrets, though, <a href="https://www.youtube.com/watch?time_continue=190&amp;v=eW3IFgna9ys">telling BeIN Sports after the game:</a> "The emotion I had in that moment and the pride I had in the way the team started out the second half is what led to that celebration."I think in years past they didn't give yellows, or punish, trainers for that. But I'm ok with taking a yellow there."&#xa0;Read more: <a href="https://www.businessinsider.com/watch-lewandowski-help-bayern-beat-tottenham-hotspur-2019-10?r=US&amp;IR=T">A magical 'rainbow flick,' 2 goals, and a world class display: Robert Lewandowski shines as Bayern humiliates Tottenham</a>On the night at Anfield, Liverpool rushed to a 3-0 lead after just 36 minutes, thanks to goals from Sadio Mané, Andrew Robertson, and Mohamed Salah.Robertson's goal was particularly brilliant - the Scotland international started and finished a perfectly executed team move.Though it looked like the home side had secured all three points, Marsch's Salzburg hit back in explosive fashion, scoring three goals of its own in just 21 minutes.Hwang Hee-chan got the comeback rolling in the 39th minute, before Takumi Minamino added a second in the 56th.Four minutes later, Salzburg was level when substitute Erling Braut Haaland tapped in from close range for his 18th goal of the season - a goal which Marsch celebrated all too enthusiastically.&#xa0;Mohamed Salah spared Liverpool's blushes, however, in the 69th minute, prodding home Roberto Firmino's flick-on.&#xa0;Read more: <a href="https://www.businessinsider.com/the-40-best-young-footballers-in-world-soccer-right-now-2019-10?r=US&amp;IR=T">These are the 40 best young soccer players on the planet right now</a>Liverpool's win takes it into second place in Group E, ahead of Salzburg on goal difference, and behind leaders SSC Napoli.<div></div><div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/what-are-heel-spurs-donald-trump-vietnam-deferments-jacqueline-sutera-2017-8">A podiatrist explains heel spurs, the medical condition Trump said earned him a medical deferment from Vietnam</a></h3> <div> </div> </div>

RB Salzburg's coach was penalized for celebrating with his team, then got beaten by Liverpool FC 9 minutes later

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Bryan Bedder/Getty Images for The New York TimesGoldman Sachs Group chairman and CEO Lloyd Blankfein.</div></div></div><section><article><div><div><section data-share-hash=""><div>Goldman Sachs just announed a new class of managing directors.</div><div></div><div>Here's the statement:</div></section></div>NEW YORK, November 8, 2017 -- The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has selected a new class of Managing Directors, effective from January 1, 2018, the start of the firm's next fiscal year."Our new Managing Directors have demonstrated an outstanding commitment to our people, clients and culture during their tenures at the firm, and we wish them continued success as they take this important next step in their careers," said Lloyd C. Blankfein, Chairman and Chief Executive Officer of Goldman Sachs.The following individuals have been promoted to Managing Director: Gregg Abramson Sanjay Acharya Khalid Albdah Amal Alibair Karthikeyan Anbalagan Rolf Andersson Volker Anger Jonathan Armstrong Ken Ashley Lavanya Ashok Sebastian Ayton Jonathan Babkow Julio Badi Amitayush Bahri Soren Balzer Robert Barlick Jr. Philip Barreca Santiago Bau David Bauer Oksana Beard Lee Becker Virender Bedi Stuart Beer Christian Beerli Amanda Beisel Yumiko Bekku David Bell Pierre Benichou Andrew Benito Marco Bensi Laura Benson Stephen Bergin Daniel Berglund Greg Berry Shital Bhatt Dipanjan Bhattacharjee Anu Bhavnani Carissa Biggie Vineet Birman Daniel Bitel Anne Black Richard Blore Emmanuel Bodenstein Timothy Braude Sean Brenan Hugh Briscoe Nathaniel Bristol Leo Brito Troy Broderick Levee Brooks Eric Brothers Robert Bruns III Anthony Bunnell Meg Burke Susan Burt Sean Butkus Russell Byrne Edward Byun Adam Cahill Alessandro Calace Cristiano 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Optiemus and Wistron join hands to invest $200mn to set up telecom manufacturing facilities in India

BI India Bureau

Russia has used North Korean missiles at least 9 times against Ukraine, US diplomat says

Thibault Spirlet

North Korea's military is getting more than weapons testing can offer by letting Russia fire its missiles at Ukraine

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Peloton co-founder John Foley launches business selling custom rugs directly to consumers

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RB Salzburg's coach was penalized for celebrating with his team, then got beaten by Liverpool FC 9 minutes later

Barnaby Lane

Goldman Sachs' new managing director list is out

Matt Turner

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