Mukesh Ambani, the patriarch of Reliance Industries (RIL), and Gautam Adani, the chairman of Adani Group of companies, have secured the top positions on the Fortune India Rich List, created in partnership with Waterfield Advisors, with respective wealth of $99.7 billion and $63.71 billion. With a wealth of $34.6 billion, the Mistry family of Shapoorji Pallonji Group holds the third position on the list, while the Poonawalla family, owners of vaccine maker Serum Institute, with a wealth of $32.9 billion, stands fourth. Stockbroker and founder of D-Mart-branded grocery stores, Radhakishan Damani, claims the fifth spot on the India Rich List with a wealth of $23.4 billion
Rs 1,000 crore for promotion of start ups.
In a start-up set up, nothing is fixed, not even your job-description
'Digital India is the biggest experiment that will transform India if Modi gets it right.'
Sebi to consider changes in start-up listing norms
Tata Trusts is one of India's oldest, non-sectarian philanthropic organisations involved in areas of community development.
The number of ultra-high net worth individuals (UHNWIs) in India is expected to rise 58.4 per cent in the next five years from 12,069 in 2022 to 19,119 in 2027, a report by property consultancy Knight Frank said on Wednesday. In its "The Wealth Report 2023", Knight Frank said that the number of Indian UHNWIs, with a net worth of $30 million or above, fell 7.5 per cent in 2022 due to economic slowdown, rate hikes, appreciation of the US dollar and geopolitical uncertainties. Globally, the number of UHNWIs fell 3.8 per cent in 2022 compared to 2021.
On an annual basis, we'll seek out solutions to Indian Railways' most critical problems through 'innovation challenge': Suresh Prabhu
Lenders taking up incubator-style roles with small investments in start-ups
Qualcomm has been playing a key role driving India's wireless revolution
Reliance Industries Ltd invested over $125 billion in the last ten years as it undertook massive expansion in hydrocarbon and telecom businesses, a report said, estimating that the conglomerate's investments in the next three years would be in relatively less capex-heavy retail and upstream new energy. Reliance is coming out of a series of long and intensive capex cycles (hydrocarbons and telecom).
Rasna, which became a household name in the 80s and 90s and is still ruling the pre-mix market, is now looking at overseas franchise arrangements for manufacturing abroad. As part of the arrangement, the franchisee would invest in the plant and machinery and it would also take care of day-to-day operations. Rasna would supply the pre-mix, technical know-how and some financial support.
The soldiers of small enterprise are now making waves in their own little way.
What work in Jaipur's favour are lower costs, a good talent pool, better quality of life, and proximity to the Delhi National Capital Region
A start-up gets the Microsoft suite of tools and technologies free for three years, as well as access to funding of up to Rs 25 crore by IDG Ventures, officials of two entities said. The programme is open to technology companies that are less than three years old with annual revenues that are less than Rs 5 crore.
'While every year presents new challenges, it also provides opportunities for better growth and performance.'
With the number of start-ups reaching the unicorn level falling drastically in 2023, the Hurun Unicorn Index said it has demoted eight gazelles - start-ups that were founded in 2000 and have the potential to go to unicorn in three years - to cheetahs.
S D Shibulal, former chief executive and managing director of Infosys, has joined the ranks of the company's other founders in nurturing start-ups.
For the new millennium generation, slowly and at an accelerating pace, it is attractive to harbour a start-up ambition, says R Gopalakrishnan.
Managing human resources remains a major and under-appreciated challenge for most start-ups.
Prime Minister Narendra Modi had announced the policy last month.
YourStory.in is proud to present the 30 Best Emerging Tech Product Start-ups in India as part of TechSparks 2012 TECH30 Report. Here are the profiles of the 30 promising tech start-ups
Prime Minister Narendra Modi has met leading American economist Paul Romer, investor and co-founder of hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views with them and briefed them about the reform trajectory of his government to foster economic growth. Prime Minister Modi is in New York on the first leg of his maiden state visit to the US at the invitation of President Joe Biden. Modi and Romer held discussions on India's digital journey, including the use of Aadhaar and innovative tools like Digilocker.
Prime Minister Narendra Modi on Thursday said the interim Budget presented by Union Finance Minister Nirmala Sitharaman offers the "guarantee" of strengthening the foundation of a developed India and carries the "confidence of continuity".
Yes, startups neither have a rigid structure, nor do they have to be uptight about things, but basic discipline is a must, and it is in the hands of startup founders to inculcate some rules within the team.
The proposals cleared by the DAC include new-generation anti-tank mines, air defence tactical control radar, heavy-weight torpedoes, medium-range maritime reconnaissance and multi-mission maritime aircraft, flight refueller aircraft and software-defined radios.
Recently, he had surprised many by talking of net neutrality
India's first angel-backed start-up accelerator VentureNursery will train them intensely for 13 weeks after which they will get to pitch for seed funding.
'Some of these companies are India focused, some are overseas focused and some companies are focused on both.' Ritu Jha/Rediff.com reports from California.
Around 6,967 tech employees lost their jobs in Bengaluru, the highest among Indian cities, partially because of its evolution in recent years as a start-up hub.
'People don't know even 20 percent of what I did.'
'We look at the opportunities that are going to come in various fields in the next 5 to 10 years, do some research and come up with business plans.' 'Then, we go and seek out founders who will run the actual business.'
Sequoia Capital might emerge as leading global investor in start-up space in the country, as funds from other sources dry up.
Start-ups in India with high valuations are witnessing a fund crunch and drop in valuations as investors tighten their belts and look at businesses that are sound.
It's not unusual for the tax departments to freeze bank accounts and there have been instances of the authorities recovering the outstanding from the bank, though such course of action is not common.
Many big countries are facing difficulties in doing so for their citizens, Modi said.
After the Google investment, the company's monthly transactions have spiralled up from 65,000 to nearly one million in just a year. According to reports, the start-up is in fresh talks to raise about $6 million from investors, including Google, says Samreen Ahmad.
These companies were identified through the India Innovation Growth Programme, an innovation contest through which the US firm identifies Indian research and development potential.
Fun and games at start-ups have ended as easy money dries up.
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