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  • How Franchise Transforms the Hotel Industry: A Case Study of Hotel Chains

    The luxury hotel industry is undergoing a major transformation as more chains adopt the franchise model instead of owning and operating their own properties. This article will explore the reasons behind this trend and its implications for the future of the hotel industry. The hotel industry is a highly profitable business, despite being seasonal in nature. The price, quality of service, and amenities provided by the hotel depend on the type of hotel you go to. The hotel industry can be broadly classified into 4 main types – luxury, upscale, midscale, and economy. Today, We are going only going to focus on Luxury hotel chains like Hilton, Marriot, IHG, etc, and will understand why they are shifting their business model to franchisees. In this article: What is Franchise? How did Franchise transform Hotel Industry Pros & Cons Impact of Pandemic Future of Franchise Also, Read How Hilton Hotels Benefited from Franchising Model? What is Franchise? Franchising is a business model where a company allows independent business owners to operate under its name and brand while adhering to specific rules and guidelines. Think of McDonld's or Domino's. The hotel industry is no exception to this trend, with many hotel chains leveraging the benefits of franchising to expand their business, increase their market share, and offer greater convenience to their customers. This article explores how franchising has transformed the hotel industry, using case studies of successful hotel chains. How did Franchises transform Hotel Industry? In 2010, roughly 70% of branded hotels were franchised operations. By 2019, that figure rose to roughly 80%. Hotel companies are increasingly shifting towards franchising. While moving away from ownership of the real estate, they also earn a consistent stream of revenue from franchise agreements, while possessing more capital to invest (capital freed up by moving away from ownership) and expand their brand. Hence, this expansion implies that franchise hotels are more likely to outperform owner-operated hotels, as they are closer to economies of scale. Additionally, these corporations will possess fewer liabilities (as they don’t need to take on debt to buy real estate) and hence have stronger balance sheets. This will be rewarded with higher stock prices. The franchise model is a type of business model in which a business owner (the franchisor) shares their brand products, services, and business plan with a third party (the franchisee) so the franchisee can open their own branch under the franchise. For example, the franchisor would be a hotel brand, such as JW Marriot. The franchisee is the third party that owns the property – this could be an independent owner, a real estate company, etc. The franchisee pays a franchise fee to the franchisor to use their brand and receive support in operating their business. This fee will include initial investment and other smaller fees that cover aspects such as marketing, brand compliance, and quality control. Owners are often real estate investment groups or real estate investment trusts (REITs) that pool investor money to buy hotel real estate assets, namely the land, and buildings. These owners then usually franchise a hotel brand, sometimes known as Flags, to operate the hotel under. Pros & Cons of Franchising Hotels The hotel industry has been transformed by franchising in several ways: Rapid Expansion: Franchising allows hotel chains to expand rapidly without having to bear the financial and operational risks associated with direct ownership. Through franchising, hotel chains can expand into new markets and territories quickly and efficiently, leveraging the local knowledge and expertise of the franchisees. Increased Brand Recognition: Franchising enables hotel chains to increase their brand recognition and awareness, as each new franchisee adds to the brand's footprint and reputation. This is particularly important for smaller hotel chains that may not have the financial resources to invest in extensive marketing and advertising campaigns. Standardization of Quality and Service: Franchising allows hotel chains to maintain consistent quality and service standards across all their properties, regardless of location. Franchisees are required to adhere to strict operational and service guidelines set by the franchisor, which helps to ensure a consistent guest experience. Cost Savings: Franchising allows hotel chains to benefit from economies of scale, as franchisees are able to purchase supplies, equipment, and services at lower costs through group purchasing arrangements negotiated by the franchisor. Impact of Pandemic During the pandemic, restrictions placed on travel and stay-at-home orders issued by the authorities led to a sharp decline in hotel occupancies and revenues. Many hotels were forced to shut down, especially luxury hotels, resulting in many employees losing jobs. Economy class fared better. This explains why JW Marriot is leading in the industry – due to their well-recognized midscale brands. Since luxury hotels have higher operating costs, economy, and midscale hotels could still afford to stay open at lower occupancy rates, whereas luxury and upscale brands could not. It was observed that firms with a larger size, more leverage, and more cash flows were more resilient to stock declines. REITs were even worse hit, with share prices falling up to 70%, with smaller REITS faring even worse. Shareholder confidence fell as REITS were not able to pay dividends. There was a need for hotel businesses to change management and operations style to ensure employees’ and customers’ health and safety. Many individuals are still concerned about the coronavirus and actions being taken to prevent contagion and are unwilling to travel, dine, or stay at hotels. Future of Hotel Chains While the hospitality industry has experienced a severe downturn, it is expected to set back on its previous growth trend in the next couple of years. The number of travelers is on the rise, and incomes are also increasing in many developed countries. Almost half of international travel is for leisure, and hence the rise in the standard of living implies a growth in the luxury market. With location being an important factor for luxury hotels, most such hotels are situated in tourist destinations that will see a rise in tourists. Here is a quick comparison between Hilton Group, JW Marriot, and IHG.

  • Maersk Shipping: Deep Dive into the World's Largest Shipping Company

    If you have ever visited any shipping port you must have seen, the Maersk shipping container. They are the world's largest shipping company with annual revenue of $82 Billion. Maersk Shipping, also known as A.P. Moller-Maersk, is a Danish container logistics company that operates in over 130 countries worldwide. The company has been in operation for over 100 years and is recognized as the world's largest container shipping company. In this article, we will explore the history, operations, and global impact of Maersk Shipping. In this article: History of Maersk Maersk Operations Global Impact of Maersk Competition Analysis Acquisitions History of Maersk Maersk Shipping was founded in 1904 by Arnold Peter Moller and is headquartered in Copenhagen, Denmark. The company started out as a small shipping company that operated in the Baltic Sea, but over the years, it has grown to become a giant. In the 1960s, Maersk Shipping entered the container shipping industry, which was still in its infancy at the time. The company was one of the first to invest in container ships, which allowed for more efficient transportation of goods. Maersk Shipping continued to expand its fleet and operations throughout the 1970s and 1980s, and by the 1990s, it had become the largest container shipping company in the world. Operations of Maersk Maersk Shipping operates a fleet of over 708 vessels and has a total capacity of about 4.1 million TEU, this includes container ships, tankers, and supply vessels. This makes Maersk Shipping the second-largest container shipping company in the world by TEU, The biggest is Cosco Shipping, a Chinese-state-owned shipping line that beats Maersk by 4.3 million TEU. The company's operations are divided into four main segments: Ocean, Logistics & Services, Terminals & Towage, and Manufacturing & Others. The Ocean segment is the largest and includes Maersk's container shipping operations. The Logistics & Services segment provides freight forwarding, supply chain management, and warehousing services. Maersk Shipping's global reach is extensive, with operations in over 130 countries worldwide. Its biggest clients include Amazon, Disney, Microsoft, etc. Editor Note: The company doesn't disclose its client list, the above few names have been quoted on the basis of Bloomberg, not the company's site. Impact of Maersk Shipping Maersk Shipping's global impact is significant, as the company plays a crucial role in global trade and has a global market share of more than 16%. The company's container ships transport goods from all over the world, including consumer goods, raw materials, and industrial products. Even though Maersk is a global company, the majority of its revenue comes from the US ($13.6 Billion), then China ($3.3 Billion). In total, the company generated $81 billion in revenue in 2022. With a $15 Billion debt and $12 Billion of cash in the bank. Competition Analysis Maersk's biggest competition is with China's COSCO Shipping Line and MSC. If you don't know about MSC Shipping, they are a privately held company owned by the Aponte family. The domination of Maersk Line in terms of TEU capacity has been broken first time in 25 years by the MSC. Mediterranean Shipping Company (MSC) with 4,832,709 TEU and 740 ships Maersk with 4,185,693 TEU and 696 ships CMA CGM with 3,409,776 TEU and 604 ships COSCO Shipping Lines (COSCO) with 2,886,908 TEU and 464 ships Hapag-Lloyd with 1,798,866 TEU and 246 ships Although by Revenue, Maersk's is the most profitable with an $82 Billion revenue which is 3 times higher than MSC ($28 Billion), it should be noted that MSC is solely owned by a family and Maersk is a publicly listed company with institutional investors. Here is a quick comparison between the top 5 shipping companies by revenue: Recent Acquisitions Maersk has focused on acquiring logistics and e-commerce companies to expand its end-to-end solutions portfolio. Some of the recent acquisitions by Maersk in this sector are: Pilot Freight Services, a U.S.-based provider of bulky delivery services for B2C and B2B customers, for $1.7bn in February 20221 LF Logistics, a Hong Kong-based contract logistics company with premium capabilities in omnichannel fulfillment and e-commerce, for $3.6bn in August 20222 Visible Supply Chain Management, a U.S.-based e-commerce logistics company focused on B2C parcel delivery and fulfillment services, for $838m in August 2021 At the time of writing, Maersk currently has over $11 Billion sitting in its bank and can easily acquire or pay off its $15 Billion of debt. In conclusion, Maersk Shipping is the largest and most dominant player in the container shipping industry, with a fleet of over 700 vessels and a global network of ports and terminals. The company's size and scale give it a significant competitive advantage, and it is constantly evolving and investing in new technologies and sustainable practices in order to maintain its position as a leader in the industry. While there are other shipping companies that are also significant players in the industry, Maersk remains the clear leader in terms of market share and revenue, and it is likely to remain a dominant force in the global logistics industry for many years to come.

  • How Casetify Became a $2 Billion Phone Accessory Empire?

    Casetify is a phone case company that has taken the world by storm. With over $300 million in sales, how did this brand come to be? The rise of Casetify can be traced back to 2014, when the company was founded in Hong Kong. At the time, the smartphone industry was exploding, and people were looking for ways to personalize their devices. Casetify saw an opportunity in this trend and set out to create a phone case that was not only functional but also stylish and unique. Company's early success was largely due to its marketing strategy, which focused heavily on Instagram. Casetify recognized that Instagram was the perfect platform to showcase its products, and began targeting users who were interested in fashion and design. The company encouraged its customers to share photos of their Casetify cases on Instagram and even created a hashtag (#casetify) to make it easy for people to find and share their photos. Casetify selfie became an instant success. As the popularity of Casetify grew, so did its product line. Today, the company offers a wide range of phone cases, as well as other accessories like laptop sleeves, Apple Watch bands, and AirPod cases. Casetify's products are known for their high quality and attention to detail, and the company has become a go-to brand for people who want to protect and personalize their devices. Casetify has seen a steady rise in search queries on Google since 2018. According to Google Trends, the search interest in Casetify has increased consistently over the years, indicating a growing interest in the brand. The majority of the search traffic for Casetify comes from its home country, Hong Kong, where the company was founded, followed closely by South Korea. Casetify's TikTok Growth Another factor that may have contributed to Casetify's growing popularity is its presence on TikTok. The social media platform has become a powerful tool for brands looking to reach younger audiences, and Casetify has been quick to capitalize on this trend. The company has amassed over a million followers on TikTok, where it collaborated with serval TikTok influencers, who promoted cases and shared their custom codes for 20% off. Through its TikTok, Casetify has been able to reach a new generation, who are drawn to the company's fun and playful brand identity. By leveraging the power of social media, Casetify has been able to establish itself as a trendsetter in the phone case industry and a go-to brand for consumers looking to express their individuality through their accessories. Not just TikTok, The company has over 2.7 million followers on Instagram, where it regularly engages with its customers on social media, responding to questions and comments and sharing user-generated content. This has helped the company build a loyal following, with customers who are passionate about the brand and its products. Ikea Effect One of the things that set Casetify apart from other phone case companies is its focus on customization. Customers can create their own phone cases by uploading their own photos or designs, and Casetify will print them on a high-quality case. This has been a big hit with customers who want to express their own personal style and has helped Casetify build a loyal following. This concept of DIY customization is called the Ikea effect. Today, Casetify is a global brand with customers all over the world. The company has offices in Hong Kong, Los Angeles, and London, and has partnerships with major retailers like Nordstrom and Anthropologie. Casetify's success has also attracted the attention of investors, and the company has raised over $60 million in funding. Sustainable Case? One of the key factors in Casetify's success has been its ability to stay ahead of the curve. The company is constantly innovating and introducing new products to keep up with changing consumer trends. For ex, Casetify was one of the first companies to offer phone cases made from sustainable materials like bamboo and recycled plastic. The company has also launched a line of antimicrobial phone cases, which are designed to help keep phones clean and germ-free. In 2020, They started a campaign in association with earth day foundation, where they plant a tree for every sustainable case and reusable water bottle purchased from their website which costs over $70, Till date they have planted over 394,000 trees which means they have sold over $30 Million worth of cases. Looking to the future, Casetify shows no signs of slowing down. The company is continuing to expand its product line and its global reach, with plans to open new offices and partnerships in even more countries. With its focus on quality, customization, and innovation, it's no surprise that Casetify has become a leader in the phone case industry. Casetify's Growing Competition Case market has become increasingly competitive in recent years, with a number of new players entering the space. One of the companies that has emerged as a major player in this market is RhinoShield, a UK-based company that has gained a following for its high-quality and durable phone cases. In 2021, RhinoShield reported $21 million in sales, a testament to the company's success in a highly competitive market. Another famous company in this market is DBrand which makes custom skins and phone cases and has over $100 million in sales which makes them a billion-dollar company. Brand Partnerships Casetify has managed to stay ahead of the curve by focusing on innovation, quality, and customization. Also, Casetify has also forged partnerships with major brands like Pokemon, Star Wars, and Crocs to create themed phone cases. These partnerships have helped to boost Casetify's profile and appeal to a wider audience. For example, Casetify's Pokemon collection featured phone cases with images of popular characters like Pikachu and Eevee, which proved to be a hit with fans of the franchise. Casetify has also focused on expanding its product line beyond phone cases to include other accessories like laptop sleeves and AirPod cases. The company's laptop sleeves, in particular, have gained a following for their high-quality materials and attention to detail. Although Casetify is a private company and hasn't shared much information, In 2022, CNBC did an interview with CEO Wesley Ng. where he revealed that the company made over $300 Million in sales that year. With this, we estimate Casetify's valuation to be around $2 Billion. Summary The combination of Casetify's innovative products, partnerships with major brands, and strong social media presence has helped to establish the company as a major player in the phone case market. With a focus on sustainability and continued expansion into new markets and product lines, Casetify is well-positioned to continue its growth and success in the years to come.

  • Impaulsive co-host Mike Majlak launches 10/10 Burger chain with first store in Saudi Arabia

    Mike Majlak, the popular vlogging YouTuber and co-host of "Impaulsive with Logan Paul," has recently made a big move into the burger industry. Mike recently launched his new burger chain: 10/10 Burger. The brand's first store opened in City Walk Jeddah, Saudi Arabia, and has already gained significant attention from fans and food enthusiasts alike. Majlak's YouTube channel, which has over 2.7 million subscribers, features his food reviews and experiences from various burger places around the world. His passion for burgers and his love for sharing his food adventures with his followers inspired him to start his own restaurant chain. The name "10/10 Burger" is a nod to Majlak's rating system for burgers in his YouTube videos. He gives a "10/10" rating to burgers that are exceptional in taste, quality, and presentation. With his restaurant chain, he aims to deliver the same level of excellence to his customers. The first store of 10/10 Burger is located in Ash Shati District, Jeddah, Saudi Arabia, and the brand plans to expand globally in the coming years. The restaurant raised funding from Saudi investors, indicating the brand's potential for success in the region. Majlak has expressed his excitement about the launch of his new burger chain and his plans for expansion. In a recent vlog, he explained that he has always wanted to have his own restaurant, and now he is making his dream a reality. Apart from serving delicious burgers, 10/10 Burger has a unique and modern design. The restaurant features a minimalist black-and-white theme with stylish light fixtures. The launch of 10/10 Burger has already generated significant buzz among Majlak's fans, who are excited to try the burgers and experience the brand's unique ambiance. Majlak's meet-up event on May 13, 2023, at the Jeddah store is expected to attract a large crowd of fans and food enthusiasts. Mike Majlak's new burger chain, 10/10 Burger, is an exciting addition to the food industry. With his passion for burgers and his massive following, Majlak has the potential to make 10/10 Burger a global success. In addition to this, we have also previously written an article on his top 10 burger rating system. Check it out. The brand's focus on quality and presentation, coupled with its modern interior design, is sure to attract customers worldwide. Fans and foodies are eagerly waiting for the chain to expand to their region, and Majlak's meet-up event is expected to be a huge success.

  • Ahmedabad's Top 5 Most Expensive Properties for Sale

    Ahmedabad is one of the fastest-growing cities in India, with a vibrant culture, a thriving economy, and a rich history. The city is also home to some of the most luxurious and expensive properties in the country, catering to the high-end segment of the real estate market. Here are the top 5 most expensive properties for sale in Ahmedabad: 1. Axis Venetian Villas, Thaltej (Price: ₹5.13 Cr.) Axis Venetian Villas is a premium residential project located on the SG Highway, offering 33 exclusive villas spread over an acre of land. Each villa boasts of a lavish 8550 sqft of carpet area, with 5 bedrooms, a private pool, a terrace garden, and a basement. The villas are designed with Italian architecture and have marble flooring, wooden doors and windows, a modular kitchen, and branded fittings. The project also offers a clubhouse, a gymnasium, a spa, and a landscaped garden. 2. Sun Evoq, Bodakdev (Price: ₹3.62 Cr - ₹6.04 Cr.) Sun Evoq is a luxury residential complex that offers 18 spacious apartments spread over 4 BHK to 7500 sqft configurations. The project has a grand entrance lobby with advanced security features and a state-of-the-art clubhouse with a fitness center, a swimming pool, and a garden. The apartments are designed with modern aesthetics and have vitrified tiles, a false ceiling, concealed wiring and plumbing, a modular kitchen, and branded fittings. The project also offers stunning views of the Sabarmati River and is situated close to the Ahmedabad Airport and the railway station. The project is surrounded by greenery and has parks, temples, schools, and hospitals nearby. 3. Nishant Ratnaakar Beaumonde (Price: ₹3.13 Cr to ₹4.64 Cr.) Nishant Ratnaakar Beaumonde is a luxurious project located on the SG Highway, offering 192 units spread over 4 BHK-5 BHK residences that come with premium specifications and sizes ranging from 3915 sqft to 5800 sqft. The project offers a blend of contemporary and traditional architecture, with elegant interiors and exteriors. The apartments have wooden flooring, POP walls, designer doors and windows, a modular kitchen, and branded fittings. The project also offers a clubhouse, a banquet hall, a library, and a mini theatre. The project is located in a prime area and has malls, multiplexes, restaurants, and hospitals nearby. 4. Vrundavan 5, Science City (Price: ₹3.35 Cr.) Vrundavan 5 is a 5-star luxury project located on the SG Highway, offering 50 units spread over 4 BHK apartments that come with a carpet area of 5580 sqft. The project is spread over an area of 55.80 acres and offers a blend of modern and classical architecture. The apartments have marble flooring, POP walls, designer doors and windows, a modular kitchen, and branded fittings. The project also offers a clubhouse, a gymnasium, a children’s park, a swimming pool, and a spa. The project is located in a serene and green area and has schools, colleges, hospitals, and temples nearby. The price of each apartment is ₹ 3.35 Cr. 5. Gulmohar Greens, Science City (Price: ₹3.5 Cr.) Gulmohar Greens is a luxury township located on the SG Highway, offering luxurious 2BHK and 3BHK apartments spread over 5940 sqft of carpet area. The project is a gated community with 24/7 security and CCTV surveillance. The township offers luxurious amenities such as a clubhouse, a gymnasium, a children’s park, a swimming pool, a spa, a business center, and a shopping arcade. The project is located close to the Ahmedabad International Airport and the Gujarat State Road Transport Corporation bus depot. The price of each apartment is ₹ 3.50 Cr. Contact: - Axis Venetian Villas: - Sun Evoq: - Nishant Ratnaakar BeauMonde: - Vrundavan 5: - Gulmohar Greens:

  • Read, Learn, and Make a Difference

    In a world where millions of people lack access to basic needs such as health, education, and food, it is vital for individuals and businesses to contribute towards improving their lives. At Page 21, we believe that every little bit helps, and that's why we're proud to announce that we will be donating 20% of all our profits to a charity organization that focuses on providing health, education, and food in less fortunate countries. We understand that not everyone has the privilege of access to these basic necessities, and we feel compelled to help in any way we can. We want to do our part in making the world a better place, and we believe that this is one small way we can make a big impact. When you visit Page 21 and read an article, you are not just gaining knowledge or entertainment. You are also helping the needy. How? We make money through ads, and whenever you see an ad, you are indirectly donating to our charity partner. We are a small business, and we don't have billions in profit. But we believe that this shouldn't discourage giving. Every little bit counts and even the smallest donation can make a big difference in someone's life. We're not looking to change the world overnight, but we are committed to doing our part and helping those who need it most. We encourage you to join us in this effort. Donate directly to a charity, Here is a list: World Food Programme (WFP): WFP is the world’s largest humanitarian agency fighting hunger. In India, they work to improve the efficiency, accountability, and transparency of the government’s subsidized food distribution system, which reaches around 800 million, poor people. They also support food fortification, nutrition interventions, and climate resilience DevaMitra: DevaMitra is a charity that aims to ensure high-quality education and health facilities for underdeveloped people. They also promote women’s empowerment, skill development, and environmental awareness Save the Children: Save the Children is an international NGO that works for the rights and welfare of children in India and around the world. They focus on areas such as education, health, protection, humanitarian response, and advocacy Doctors Without Borders: This international medical humanitarian organization provides emergency medical assistance to people affected by conflict, epidemics, and natural disasters. If you don't have money right now, That's alright by just reading articles you are already contributing to a worthy cause. Thank You!

  • What is Deux Brief?

    In a world where social media platforms are taking over the way we consume news, a new experiment has been launched by Page 21- Trois Brief "Trois Brief," is an Instagram page that uploads three concise news posts related to business and economics news in India every day, for 30 days. The idea behind the experiment is to test if people enjoy concise news posts on Instagram and whether it can be a viable platform to expand further. "Trois" is the French word for "three," while "Brief" just means short and concise. So when these two words are combined, "Trois Brief" literally means "three news briefings" It is an attempt to cater to the younger generation who consume news in a different way than the older generation. They are more interested in bite-sized information that is easily consumable and shareable. The page aims to provide that kind of news. The posts are short, informative, and to the point. They cover a wide range of topics related to business and economics in India, including startup news, stock market updates, government policies, and economic indicators. The experiment is significant for several reasons. Firstly, it is an attempt to bridge the gap between the younger generation and the traditional way of consuming news. By providing news in a format that is more attractive to the younger generation, Trois Brief hopes to educate and inform them about what is happening in the country. Secondly, the experiment is significant because it is focused on business and economics news. The younger generation is more interested in business and entrepreneurship than the older generation. By providing news related to these topics, Trois Brief hopes to inspire and motivate the younger generation to become entrepreneurs and contribute to the growth of the Indian economy. Follow @troisbrief on Instagram for more;

  • Top 10 Must Visit Places in Ahmedabad

    Ahmedabad is a city in Gujarat, India, famous for its rich history, beautiful architecture, and delicious food. If you are planning to visit Ahmedabad, here are the top 10 must-visit places you should add to your itinerary. 1. Sabarmati Ashram Sabarmati Ashram is a historic place located on the banks of the Sabarmati River, where Mahatma Gandhi lived for over a decade. The ashram is a peaceful and serene place, and you can visit the Gandhi Museum and Library, which has a collection of books, photographs, and artifacts related to Mahatma Gandhi. There is no entry fee. Timings: Open 365 days a year from 8:30 AM to 6:30 PM 2. Kankaria Lake Kankaria Lake is a man-made lake that was built in the 15th century by Sultan Qutbuddin. The lake is surrounded by a beautiful garden, and you can enjoy various activities such as boating, a toy train ride, and an amusement park. There is also a zoo located within the park, which houses a variety of animals and birds. The entry fee is just Rs.10 per person Timings: Open 365 days a year from 9:00 AM to 10:00 PM 3. Adalaj Stepwell Adalaj Stepwell is a beautiful stepwell located on the outskirts of Ahmedabad. The stepwell was built in the 15th century and has intricate carvings and architecture. The stepwell was built for water conservation and also served as a resting place for travelers. Also, there is no entry fee. Timings: Open 365 days a year from 6:00 AM to 6:00 PM 4. Jama Masjid Jama Masjid is a beautiful mosque located in the old city of Ahmedabad. The mosque was built in the 15th century and has beautiful architecture and carvings. The mosque is a peaceful and serene place, and you can also visit the nearby markets and shops. Timings: Open 365 days a year from 7:00 AM to 6:00 PM 5. Sidi Saiyyed Mosque Sidi Saiyyed Mosque is a historic mosque located in the old city of Ahmedabad. The mosque is famous for its beautiful carved stone latticework, also known as the Sidi Saiyyed Jali. The mosque is a peaceful and serene place, and you can also visit the nearby markets and shops. Timings: Open 365 days a year from 6:00 AM to 8:00 PM 6. Calico Museum of Textiles Calico Museum of Textiles is a museum that houses a collection of antique and modern textiles from different parts of India. The museum has a vast collection of fabrics, costumes, and textiles, and you can also see the textile-making process. The entry fee is Rs.200 per person. Timings: Open Monday to Saturday from 10:30 AM to 1:00 PM and 2:30 PM to 5:00 PM 7. Sarkhej Roza Sarkhej Roza is a beautiful complex located on the outskirts of Ahmedabad. The complex has beautiful architecture and design, and you can also visit the nearby tombs and mosques. Timings: Open 365 days a year from 6:00 AM to 6:00 PM 8. Bhadra Fort and Teen Darwaza Bhadra Fort and Teen Darwaza is a historic fort and gateway located in the old city of Ahmedabad. The fort was built in the 15th century by Sultan Ahmed Shah and has beautiful architecture and design. The fort was used for various purposes over the years, including as a royal palace, government offices, and a prison. Timings: Open 365 days a year from 6:00 AM to 6:00 PM 9. Hathee Singh Jain Temple Hathee Singh Jain Temple is a beautiful temple located in the old city of Ahmedabad. The temple was built in the 19th century and has intricate carvings and architecture. The temple is dedicated to Lord Dharmanath, the 15th Jain Tirthankara. Timings: Open 365 days a year from 5:00 AM to 9:00 PM 10. Law Garden Night Market Law Garden Night Market is a popular market located in the heart of Ahmedabad. The market has a variety of stalls selling traditional Gujarati handicrafts, textiles, and clothing. The market is also known for its street food, and you can enjoy delicious snacks and dishes. Timings: Open 365 days a year from 5:00 PM to 11:00 PM These top 10 must-visit places in Ahmedabad offer a glimpse into the city's history, art, and culture. Make sure to add these places to your itinerary when you plan your trip to Ahmedabad.

  • Ahmedabad's Top 10 Must Visit Restaurants Places

    Ahmedabad, a city known for its rich culture, heritage, and food, is home to some of the best restaurants in Gujarat. The city has a plethora of dining options that offer delicious and authentic Gujarati cuisine, as well as a range of international cuisines. To help you discover the culinary delights of Ahmedabad, here are the top 10 must-visit restaurants: 10. Rajwadu (3.9/5) Rajwadu is a restaurant that offers a traditional Gujarati dining experience with a royal touch. Located near Jivraj Tolnaka in Vejalpur, the restaurant's ambiance is inspired by the state's royal heritage. The food is served in silverware, adding to the experience. Rajwadu's Thali, a platter of various dishes, is a must-try for anyone visiting the restaurant. Address: Near Jivraj Tolnaka, Vejalpur, Ahmedabad, Gujarat 380051 9. Toran Dining Hall (4/5 Located on Ashram Road in Ahmedabad, opposite Sales India, Toran Dining Hall is known for its traditional Gujarati dining experience. The restaurant serves a variety of vegetarian dishes, and its Thali is a popular choice among visitors. The ambiance is simple and cozy. Address: Opposite Sales India, Ashram Road, Ahmedabad, Gujarat 380009 8. Gordhan Thal (4.1/5) Gordhan Thal, located near Gurudwara on SG Highway Circle in Ahmedabad, offers a traditional Gujarati dining experience with a modern touch. The restaurant's ambiance is contemporary, and the food is served in stylish cutlery. Gordhan Thal's Thali is a must-try for anyone visiting the place. Address: SG Highway Circle, Near Gurudwara, Bodakdev, Ahmedabad, Gujarat 380054 7. Moti Mahal (4.2/5) Located on the first floor of the Super Mall near Lal Bungalow on CG Road in Navrangpura, Ahmedabad, Moti Mahal serves authentic North Indian cuisine. The restaurant is known for its mouth-watering kebabs and biryanis. The ambiance is modern and stylish, and the restaurant also offers outdoor seating. Address: 1st Floor Super Mall, Near Lal Bungalow, CG Road, Navrangpura, Ahmedabad, Gujarat 380009 6. Dakshinayan (4.3/5) Dakshinayan is a restaurant that offers authentic South Indian cuisine. Located on the ground floor of Shivalik Plaza on IIM Road in Panjrapole Cross Road, Ambawadi, the restaurant is known for its dosas, idlis, and uttapams. The ambiance is simple and cozy, and the restaurant also offers outdoor seating. Address: Ground Floor, Shivalik Plaza, IIM Road, Panjrapole Cross Road, Ambawadi, Ahmedabad, Gujarat 380015 5. Swati Snacks (4.3/5) Swati Snacks is a restaurant located on Panchavati Cross Road, Ambawadi Road, Ahmedabad. The restaurant serves traditional Gujarati snacks like dhoklas, theplas, and khandvis. The ambiance is simple and traditional, and the restaurant is known for its quick service and delicious food. Address: Panchavati Cross Road, Ambawadi Road, Ahmedabad, Gujarat 380006 4. Vishala - Rating 4.4/5 Vishala is an outdoor restaurant that serves traditional Gujarati food. The restaurant has a rustic and rural feel, with mud walls and thatched roofs, making it a unique and memorable dining experience. The food is served on traditional brass plates and bowls, and the restaurant also has a live cultural performance that adds to the overall ambiance. The must-try dishes at Vishala include the Gujarati thali, which is a platter of various vegetarian dishes, and the masala chaas, a spiced buttermilk drink. Address: Opposite APMC Market, Vasna Road, Ahmedabad, Gujarat 380055 3. Tinello - Rating 4.5/5 Tinello is one of the best Italian restaurants in Ahmedabad, located in the Hyatt Regency Hotel on Ashram Road. The restaurant has a modern and chic decor and serves authentic Italian cuisine. The must-try dishes at Tinello include ravioli, pizza, and tiramisu. The restaurant also has an extensive wine list, and the staff is knowledgeable about pairing wines with food. Address: Hyatt Regency Ahmedabad, 17/A, Ashram Road, Usmanpura, Ahmedabad, Gujarat 380014 2. The Eatery - Rating 4.5/5 The Eatery is a multi-cuisine restaurant located in the Four Points by Sheraton hotel on Ellis Bridge, serving both Indian and international cuisine. The restaurant has a casual and welcoming ambiance, making it perfect for families and groups. The must-try dishes at The Eatery include dal makhani, butter chicken, and the sushi. The restaurant also has a live counter where you can watch the chefs prepare your food. Address: Four Points by Sheraton Ahmedabad, Opposite Gujarat College, Ellis Bridge, Ahmedabad, Gujarat 380006 1. Agashiye - Rating 4.6/5 Agashiye, located in The House of MG Hotel on Sidi Saiyad Jali Road, is one of the most popular fine-dining restaurants in Ahmedabad. The restaurant serves traditional Gujarati cuisine, and the ambiance blends modern and traditional decor. The must-try dishes at Agashiye include the Gujarati thali, handvo, and the khaman dhokla. The restaurant also has a rooftop seating area that offers stunning views of the city. Address: The House of MG, Sidi Saiyad Jali Road, Opposite Electricity House, Lal Darwaja, Ahmedabad, Gujarat 380001

  • Martin Shkreli's Latest AI Venture: The Future of Healthcare?

    Martin Shkreli, the infamous "Pharma Bro," has launched a new AI healthcare platform called Dr. Gupta AI. Along with his other venture, Druglike, Shkreli aims to revolutionize the healthcare and pharmaceutical industries. In a recent interview on the "My Visit Million" podcast, Shkreli announced the launch of Dr. Gupta AI. Described as "ChatGPT meets doctor," Dr.Gupta AI is an artificial intelligence-based platform that allows patients to consult with healthcare professionals via messaging. The idea behind Dr.Gupta AI is to leverage the capabilities of AI to improve the efficiency and accuracy of medical diagnosis and treatment. Shkreli envisions a system where patients can interact with an AI-powered virtual doctor through a chatbot interface, which would be able to analyze their symptoms and medical history and recommend treatments. The first 10 messages are free, after that patients need to pay $20 per month. While the concept of virtual healthcare is not new, Dr. Gupta AI promises to take it to the next level with the help of AI, It takes in your medical information to accurately identify the problem. Shkreli believes that the technology can significantly reduce the cost and time involved in medical consultations, and ultimately improve the overall quality of healthcare. Shkreli's other venture, Druglike, is a Web3 drug discovery software platform that aims to make drug discovery more accessible and affordable. The platform allows contributors to earn rewards paid out in a new cryptocurrency called Martin Shkreli Inu (MSI). Since its debut, Martin Shkreli Inu has been volatile and is down 52% gain since its debut. MSI Token plunged 90% after a wallet that appeared to belong to Shkreli sold more than 160 billion tokens. Shkreli, via a Discord account that is believed to be run by him, told Bloomberg “I got hacked” when asked about the massive transfer. Druglike incorporates a blockchain verification system, making it more transparent and secure. Shkreli believes that traditional drug discovery software is too difficult and expensive to use, and Druglike will remove these barriers and increase innovation. He also believes that a broader group of contributors should be able to share the rewards. It is worth noting that Martin is currently prohibited from working in the pharmaceutical industry due to a lawsuit that accused him of devising a monopolistic scheme to safeguard the profits of Daraprim, a medication used to treat parasitic infections. In 2015, he increased the price of the drug by over 5,000%, sparking widespread criticism and backlash. He is also being investigated by the FTC for possibly violating his ban from the pharmaceutical industry. FTC has asked a federal judge to hold Shkreli in contempt for failing to provide information about his involvement with Druglike. Shkreli has denied that Druglike is a drug company and said he was only an advisor to the firm. He also said that Druglike was not engaged in drug discovery, but rather in software development. Currently, The judge has not yet ruled on the FTC’s request for sanctions against Shkreli. If he is found in contempt, he could face additional fines or prison time. Both Dr. Gupta AI and Druglike are under one parent company called DL Software, which raised money from Silicon Valley investors. Along with this, Martin also has a substack newsletter which he started a month after his release from prison. The newsletter covers topics such as investing, science, and technology. He also shares his personal opinions and experiences on various issues with over 4,000 subscribers. Shkreli recently criticized Cuban’s pharmacy in the newsletter for not being transparent in its pricing and for misleading consumers about the savings they would get. He also questioned Cuban’s character and business acumen and predicted that his pharmacy would fail. Cuban has not responded to Shkreli as of now. While Shkreli's past actions have been controversial, his latest ventures have the potential to revolutionize the healthcare and pharmaceutical industries. Dr. Gupta AI and Druglike could make healthcare more accessible and affordable while increasing innovation and transparency in drug discovery. Only time will tell if these ventures will be successful, but they are certainly worth watching. Editor Note: The article is not an AD or affiliated with Martin Shkreli, At Page 21 we believe every interesting news story should be covered, Sources: My First Million Podcast, Bloomberg, Daily Mail, and Fortune.

  • After IPL, JioCinema Plans to Premium

    With the IPL tournament drawing record viewers, JioCinema aims to start premiering some of its web originals soon and charge users for it. Its big plans come as Netflix and Disney+ Hotstar face challenges in India. What happened: Jio Studios, the media and content arm of Reliance Industries, has announced over 100+ stories across genres of films, original web series, and mini-originals across Hindi, Marathi, Bengali, Gujarati, south Indian languages, and Bhojpuri. The studio has also entered a multi-year, multi-film deal with SVF Entertainment for content involving popular actors such as Mithun Chakraborty and Dhrubo Banerjee. Why it matters: JioCinema, the streaming app exclusive digital streaming partner for IPL, is venturing into original content with Jio Studios' recent announcement. The move is aimed at turning the free app into a paid service and earning a larger slice of the growing but challenging Indian streaming space. JioCinema has been drawing record numbers of viewers to its platform due to the cricket IPL, which Reliance-backed Viacom18 is airing for free on the app. The big picture: JioCinema is planning to premiere at least some of its web originals soon when it still has IPL viewers. This move comes while global giants such as Netflix and Disney+ Hotstar have been facing a tough time in India amid global headwinds. JioCinema is in an intense battle with Disney Star, as it has not only pipped Disney+ Hotstar to win the digital rights for the 2023-27 cycle, but with Disney Star continuing to hold the TV rights, a larger TV vs Digital contest is playing out in this IPL season. Between the lines: JioCinema's big plans for its OTT business, backed by deep-pocketed parent Reliance Industries, are aimed at building synergies in its multi-pronged media businesses. Jio Studios' announcement of over 100+ stories is aimed at scaling what is traditionally a very fragmented industry. Flashback: JioCinema was launched in 2016 as a part of Jio's digital entertainment platform. The platform offers a wide range of Indian movies, TV shows, and music videos for free. By the numbers: JioCinema claims to have had over 375 crore views in the opening week of IPL, with the first weekend alone amassing 147 crore views. Reliance-backed Viacom18 won the digital rights for the 2023-27 cycle for Rs 23,758 crore, while Disney Star won India TV rights for a bid of Rs 23,575 crore. What they're saying: "We are in the most exciting and eventful phase of Indian entertainment, with storytelling taking center stage in an era of explosive digital disruption. Since its inception five years ago, Jio Studios has worked very hard to lay solid foundations in scaling what is traditionally a very fragmented industry," said Jyoti Deshpande, President - RIL Media and Content Business. Catch up quick: Jio Studios has announced over 100+ stories across genres of films, original web series, and mini-originals across various Indian languages. The move is aimed at scaling what is traditionally a very fragmented industry. JioCinema, the exclusive digital streaming partner for IPL, is venturing into original content with Jio Studios' recent announcement. The move is aimed at turning the free app into a paid service and earning a larger slice of the growing but challenging Indian streaming space.

  • Apple Triples India iPhone Output

    Apple Assembles Over $7 Billion of iPhone In India & Opening 2 New Apple Stores What happened: Apple has tripled its iPhone production in India, with more than $7 billion worth of iPhones assembled during the FY2022-23. Move comes as Apple aims to reduce its reliance on China and expand to other countries. Apple now manufactures almost 7% of its iPhones in India. Why it matters: The tripling of iPhone production in India is significant for the country, which accounted for only 1% of the world's iPhones in 2021. It also reflects Apple's growing interest in diversifying its supply chain and reducing dependence on China amid the escalating tensions between China and the US. The big picture: With the expansion of production in India, Apple is seeking to tap into the country's fast-growing smartphone market and benefit from Prime Minister Narendra Modi's recent incentives to boost local manufacturing. Also, the opening of two flagship stores in Mumbai and Delhi is part of Apple's broader strategy to increase its retail presence in India and further expand its reach in the region. Between the lines: Apple's decision to expand its manufacturing partners to Pegatron Corp. and Foxconn Technology Group highlights its efforts to reduce its dependence on a single supplier and diversify its production base. Additionally, the opening of two flagship stores in India signals Apple's commitment to investing in the country's market and building a stronger presence in the region. Flashback: In 2020, Apple launched its online retail store in India, making its products more widely available in the country. The move was a significant step for Apple, which had previously relied on third-party sellers to distribute its products in India. By the numbers: Apple now manufactures almost 7% of its iPhones in India, up from just 1% in 2021. The company has also tripled its iPhone production in India to over $7 billion during the financial year 2022-23. What they're saying: "Apple's decision to expand its manufacturing base in India and reduce dependence on China is a smart move given the current geopolitical tensions between the US and China," said a supply chain analyst. Catch up quick: Apple has tripled its iPhone production in India to over $7 billion during the financial year 2022-23, and now makes almost 7% of its iPhones in the country. The move reflects Apple's growing interest in diversifying its supply chain and reducing its dependence on China. Additionally, the company is opening two flagship stores in Mumbai and Delhi as part of its broader strategy to increase its retail presence in India and expand its reach in the region.

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