Life Coach Rahul Subramaniam decodes how student-led businesses create a new way for India

 

These are some of the most exciting times for Indian commerce. The nation has catapulted its growth rate and disrupted the global business landscape like none other. After allowing the free flourish of the private sector just three decades ago, in 1991, India today has become the third-largest startup ecosystem in the world after the US and China. According to the Economic Survey 2021-22, the number of newly recognised startups has increased to over 14,000 in 2021-22 from only 733 in 2016-17. India today boasts a total of more than 50,000 startups!

How deep does this enterprising spirit go?

Budding entrepreneurs today come from all walks and stages of life. They are experienced capitalists, gumptious employees, driven homemakers, fresh college graduates, and even … high school students. Aamish Ahmad Beg, a 17-year-old student from Lucknow, UP, is a prime example. He is the founder and developer of Socale, a networking application that matches users with similar interests to help curate communities of like-minded individuals…Read More

Will invest $20 bn; plan to grow revenue to $80 bn: Vedanta's Anil Agarwal

 ‘Government-listed companies can see their market cap go up five times if they are either corporatised or privatised’, said Agarwa

The $30-billion Vedanta group is set for an aggressive growth plan even as it enters newer areas such as semiconductor fabs. Chairman Anil Agarwal speaks to Surajeet Das Gupta on the group’s ambitious plans and more. Edited excerpts: What is your overall growth plan for the next few years, especially as you enter new areas? Our plan is very clear. In the next four to five years, we will invest $20 billion and it has been allocated. In oil and gas, we hope to hit 500,000 barrels and will invest $4 billion, in technology we will invest $2-3 billion for the display and …

Tata will be back with startups this month, advocates open market in India

BREAKING NEWS| Ratan Tata, who will resume working with startups from February 23 after handing over the reins of Tata Sons to N Chandrasekaran, has called for India to remain an open market but with more with regulatory intervention to curb unfair competition.

"The regulators need to focus on areas where there is unfair competition, which is done to kill the newer startups but ensure that there is enough latitude and enough of a playing field that everyone has a chance," said Tata responding to a query on protectionism and capital dumping at a startup event organised by Kalaari Capital.

Tata, who is an advisor to Kalaari, has invested in over 20 startups including firms such as Urban Ladder, Ola, Madrat Games, Nestaway and Snapdeal. Since October, when the Tata Sons board sacked Cyrus Mistry as chairman, Tata had temporarily his involvement with startups and instead focused on finding a new head of the software to salt conglomerate.

Chandrasekaran, CEO of TCS will take over as the Tata Sons chairman on February 21.

Kalaari's founder Vani Kola, who was interviewing Tata on Tuesday, along with the founders of India's two most successful startups Flipkart and Ola have called for protection against so-called "capital dumping" by global rivals such as Amazon and Uber, who have committed to invest billions of dollars in India.

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