India

At 84, Indian Industrialist Ratan Tata Funds Goodfellows
Business, India

At 84, Indian Industrialist Ratan Tata Funds Goodfellows

84-year-old Indian Industrialist Ratan Tata, who oversaw the operation of the $128B Tata Group for decades, has invested in a company that pairs retirees with recent college grads for lasting partnerships. To further its mission of fostering "inter-generational friendships," Ratan Tata funds Goodfellows announced on Tuesday that it had received a seed investment from Mr. Tata, the prominent chairman emeritus of Tata Sons Ltd., which controls over 150 companies, including some of India's most valued, including software outsourcer Tata Consultancy Service Ltd. and the country's largest steelmaker Tata Steel Ltd. Shantanu Naidu, 30, who also serves as general manager of Ratan Tata's office and startup investment portfolio, launched the company. Mr. Naidu also lends a hand to Mr. Tat...
Big Bull Rakesh Jhunjhunwala Green Flags Indian Stock Markets
Business, India

Big Bull Rakesh Jhunjhunwala Green Flags Indian Stock Markets

Rakesh Jhunjhunwala remains bullish on domestic stock markets even as Dalal Street, along with global peers, faces multiple headwinds. In an interview with CNBC TV18, the ace investor Jhunjhunwala who just entered the aviation space with Akasa Air, asserts that domestic stock markets will grow regardless of global developments. Despite his continued support for Indian markets, he predicted Dalal Street's expansion would be slower than expected. The ace investor is one of the most vocal proponents when investing in India. Talking about spaces he believes could do well in the future, Rakesh Jhunjhunwala said that PSU banks are his bet as he thinks credit will rise, and the consequence will be an increase in banks' pricing power. The power of PSU banks gathering deposits is his betting...
Har Ghar Digital, Har Jeevan Digital: India Domains at Rs 75
Business, India

Har Ghar Digital, Har Jeevan Digital: India Domains at Rs 75

India is on a mission to increase access to the digital world. The Har Ghar Digital, Har Jeevan Digital campaign offers individuals to book a website domain name with registry.in. Individuals can get .in and .भारत (.bharat) for an annual fee of only Rs 75 or $1 only. This digital India campaign is a major opportunity for every working professional as India gets ready to celebrate its 75th Independence Day on August 15, 2022. Domain names on the Internet are no longer as pricey as they once were. They are more affordable than purchasing a meal. In honor of India's 75th Independence Day, domain names are available for just Rs 75 per year. This offer is made available by The National Internet Exchange of India (NIXI) as part of its statewide "Har Ghar Digital, Har Jeevan Digital" campa...
Agritech Startup DeHaat Joins the League of Layoffs
Business, India

Agritech Startup DeHaat Joins the League of Layoffs

Agritech startup DeHaat is the latest startup to reduce its workforce by laying off employees. This comes less than a year after the company raised $115M in the largest funding round ever for an Indian agricultural technology startup. Shashank Kumar, the founder and CEO of the company, denies the allegations that the business fired five hundred employees. In a conversation with Money Control, CEO Shashank Kumar disputed the number in triple digits. "It (layoffs) was more of a corrective measure around performances and due to culture misfit but the number is definitely not in three digits," Shashank told Money Control. The organization claims it has more than 2,000 employees on its payroll. Kumar stated that the organization had recruited more than 1,200 to 1,300 workers over the ...
After a Ban in 2016, Google Street View Relaunched in India
India, Technology

After a Ban in 2016, Google Street View Relaunched in India

Because of worries over the country's security, Google Street View was banned in India in 2016, now relaunched with strong partnerships! According to reports, Google had submitted an additional proposal for the Street View service in 2018, but like the previous one, it was declined. This time, the rollout of Google's Street View service in India depends on partnerships with various local agencies and organizations. Google has formed partnerships with the mapping solutions provider Genesys International and the IT powerhouse Tech Mahindra to bring you the Street View function. Google claims this is the first time that Street View has ever been brought to life entirely by local partners anywhere in the world. What is Google Street View Google Street View provides users with panoramic v...
An Analysis of India’s 5G Spectrum Auction Outcome
India, Technology

An Analysis of India’s 5G Spectrum Auction Outcome

India's most awaited battle for the 5G Spectrum auction got Indian billionaires Mukesh Ambani and Gautam Adani, along with a slew of players expected to bid as much as $14 billion for frequency rights. These rights could determine who dominates the digital era. The scheduled date is Tuesday, July 26, 2022, from 10 am till 6 pm. Although Mukesh Ambani's Reliance, Jio Infocomm Ltd., has paid the highest pre-auction deposit, thereby being the most aggressive bidder in the sale and a new entrant Adani Data Networks Ltd., whose bids will be closely watched as competitors try to map out its telecom ambitions. Wireless carriers Bharti Airtel Ltd., a joint venture between Vodafone Group Plc and Kumar Mangalam Birla's group managed by billionaire Sunil Mittal, and Vodafone Idea Ltd., are als...
An Analysis of Paytm 0% MDR for Businesses to Use Paytm Gateway
Business, India

An Analysis of Paytm 0% MDR for Businesses to Use Paytm Gateway

If there is any payment app that deeply profited from India's demonetization, it is One97 Communications's Paytm (NSE: PAYTM). If you aren't aware of the 2016 Indian Banknote Demonetization, know that on November 8, 2016, the Government of India canceled all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series, replacing them with the new ₹500 and ₹2,000 banknotes. Now Paytm, founded in August 2010 with an initial investment of US$2M by its founder Vijay Shekhar Sharma in Noida, Delhi NCR, rode the tide, spent a great deal on marketing and came to the public notice. Now it seems to be the Paytm 0% MDR (Merchant Discount Rate) for online businesses. Come to think of it, the advent of Paytm was at a strategic hour when India's national payment solution BHIM was waiting for the sperm...
A Heatmap Analysis of EdTech in India Selling Ice to Eskimos
Business, India

A Heatmap Analysis of EdTech in India Selling Ice to Eskimos

Across Indian media, there is a wave of critical reviews of edtech predicting an apocalyptic hour in the industry. These reviews are, however, a commentary on marketing missteps or financial miscalculations and not a deeper crack that concerns data privacy in India and the exploitation of child-sensitive data. New parents, aka woke millennials succumb to marketing gimmicks by these edtech startups in India. They outsource the brain development of their newborns and toddlers. The reason behind such outsourcing is busy work life and the fear of missing out in an extremely competitive world.  Nikhil Subramaniam at INC42 covers the edtech bubble, Jaspreet Kalra, Olina Banerji, and Arundhati Ramanathan at The Ken write about Deloitte's delay in signing off Byju's 2021 financial statem...
The Eloquent Brief: Invact Metaversity Meltdown, Ft. Manish Maheshwari
Business, India

The Eloquent Brief: Invact Metaversity Meltdown, Ft. Manish Maheshwari

At this moment, a lot is happening in India. Starting from massive layoffs to the preparation for the upcoming Shark Tank India and then edtech crumbling worse than cookies, you have a moment for every enthusiast. Among these, the most interesting appears to be Invact Metaversity.  What is Invact Metaversity? Invact Metaversity is the imagination of a hyperloop MBA in a virtual environment, which isn't a recorded or live face-to-face classroom but a more adult version of Google Earth view where you can imagine yourself walking into some campus. Some use of AR/VR, a 3-D rendering of university life.  Twitter (NYSE: TWTR) India's former head, Manish Maheshwari, and Microsoft's former executive Tanay Pratap founded Invact Metaversity in December 2021, but now, the two are considerin...
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