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Articles by Vineet Rai
How agritech is reshaping Indian agriculture
India’s agriculture is transforming through agritech, boosting farmer incomes and productivity. Despite being a top producer, low exports and yields remain challenges. Innovations in IoT, data analytics, and investment could add $600 billion to GDP by 2030. Experts focus on carbon markets, financing, and open networks to drive growth. Events like Startup Mahakumbh foster collaboration, shaping a sustainable and profitable future for Indian agriculture.
6 Aftereffects of the INR 2000 Note Withdrawal by RBI
Despite the fact that bank branches have the option to swap Rs 2000 notes for smaller denomination notes, it seems that many people have started using their INR 2000 notes as payment. This behaviour is being done in order to avoid long waits at banks, which may occur if people tried to exchange these higher denomination currencies for lesser denominations. Since the deadline is still four months away, RBI Governor Shaktikanta Das clarified on Monday that there was no need to fear.
4 Unknown Traits That Make You A Great Leader
In today's day and age there are several opportunities to take on leadership roles. Companies are diversifying job roles and creating positions of team leads at every level. In such places it is important to recognise traits that help make a good leader. We also often hear and witness CEOs, founders, bosses and mentors that do not lead teams but abuse their position of power.
I-T Department Issues New Taxing Guidelines for Online Gaming
On Monday, the Income Tax Department issued fresh guidelines for the removal of difficulties when dealing with winnings from online games. The Central Board of Direct Taxes issued circular 'Guidelines for removal of difficulties under sub-section (3) of section 194BA of the Income-tax Act, 1961' and shared that anyone who is responsible for paying any income by means of winnings through online games is required to deduct income tax on the net income from the user's account.
'Wowing' Users Since 2014
Since the very beginning of WOW Skin Science, the co-founder made a strategic decision to adopt a digital-first approach. Drawing cues from previous experiences in the IT retail sector, he recognized the immense potential of technology in building a brand and leveraged this knowledge to develop his own business. "Our early adoption of the digital medium allowed us to reach consumers in all tier cities, which would have been challenging in a traditional brick-and-mortar scenario.
Stipend Growth In India Outperformed Salary Growth: Team Lease Report
TeamLease Services, India's leading staffing conglomerate revolutionising employment, employability, and e-workforce, has released its flagship 'Jobs and Salary Primer Report' for FY 2022-2023. The unique and comprehensive report reveals a range of salary growth between 3.20% and 10.19% across various industries, which is slightly slower compared to the previous year.
JSW Steel To Acquire National Steel And Agro Industries
JSW Steel, the flagship company of the diversified JSW Group, got approval in respect to the corporate insolvency resolution process of National Steel and Agro Industries (NSAIL) in a month's time for a total consideration of INR 621 crore. Last week, JSW Steel said the resolution plan submitted by JSW Steel Coated Products for NSAIL was approved under the Corporate Insolvency Resolution Process.
Is Celebrity Endorsement a Futile Exercise For Many Startups?
Celebrities continue to dominate the endorsement space even today when digital ads have taken over print and television ads. Even though there are multiple other avenues to market a product, new-age brands, just like their legacy counterparts, also seem to be going in for celeb marketing, even if it means burning a hole in their pockets. And, within celebrity marketing, film stars still dominate the industry, followed by sportspersons and now content creators.
PhonePe Raises Additional $100 Million From General Atlantic
Fintech unicorn PhonePe has secured another $100 million in fresh funding from existing backer General Atlantic at a pre-money valuation of $12 billion. The investment is part of the Walmart-owned fintech major's larger ongoing financing round through which it aims to garner funding of up to $1 billion from investors. With the latest capital infusion, PhonePe's total fund count in the current round has touched $850 million.
Pratilipi Announces Partnership With HarperCollins India To Onboard 200 E-Books On Platform
Pratilipi, one of India's largest digital storytelling community of readers and writers across 12 Indian languages, has today announced a partnership with leading publishing house HarperCollins India. Starting June 2023, 200 commercial fiction titles in Hindi and English from the publishing house will be available in the form of e-books on Pratilipi's platform. This partnership will add to Pratilipi's extensive portfolio of books in the fiction space.
Bitcoin Pizza Day: Celebrating the Costliest Pizza In the Human History
The curious case of a Floridian programmer named Laszlo Hanyecz and his purchase of two pizzas worth 10,000 Bitcoin in 2010 precisely tells you about the true volatile nature of cryptocurrencies such as Bitcoin. On May 18, 2010, Hanyecz took to the Bitcointalk.org forum to announce his decision to pay 10,000 BTC to anyone willing to place an order of two pizzas, preferably two large pies for him. No one took his offer until May 22, when 19-year-old Jeremy Sturdivant accepted his offer.
5 Things That Have Changed in Startup Pitching This Year
Startups are pivoting their business models to remain more relevant with the times as a result of the financing winter and changing expectations from the funds. According to Shrijay Sheth, Investor and Founder of Legalwiz.in, one notable change is the focus shifting from traction or user growth-based business models to revenue and profitability-driven models. Firms with sustainable growth, such as Zerodha, Dream11, and Zoho, have firmly established a trend of being economy-centric businesses.
7 Bollywood Celebrities Who Have Invested In Real Estate Outside India
Superstar Salman Khan plans to make a 19-storey hotel at Mumbai's sea-facing Carter Road land which is owned by Salma Khan, the actor's mother, according to a report by The Times of India. Before, the land was part of the Starlet CHS residential building, where Khan had bought apartments and had planned to make it into a residential complex.
Blackstone Acquires International Gemological Institute
Global private equity firm Blackstone has announced that it has acquired the International Gemological Institute (IGI) from Shanghai Yuyuan Tourist Mart (Group) Co Ltd, a subsidiary of Fosun, and Roland Lorie, a member of the founding family, at an enterprise value of over $525 million. The company is a global leader in independent certification of diamonds, gemstones, and jewellery, with a global footprint of 29 laboratories, including 18 in India, and 18 schools of gemology across 10 countries.
Hindustan Unilever Limited And Genpact Launch Be.Seen To Scale Minority-Owned Businesses In India
Hindustan Unilever Limited (HUL) a fast moving consumer goods company, along with Genpact, a global professional services firm focused on delivering outcomes that transform businesses, today announced the launch of Be.Seen, an accelerator program to help scale businesses owned by minority and underrepresented groups in India.
Tech Mahindra Partners With EarthID To Create Blueprint For Self-Sovereign Identity (SSI) Powered Metaverse
Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, has recently announced a strategic partnership with EarthID, the Decentralized Identity Management platform that allows secure and frictionless exchange and verification of identity information. The partnership will co-create a blueprint for a Self-Sovereign Identity (SSI) powered Metaverse platform that will provide users control over their data, privacy, and consent.
Porter Expands To International Market With Its Foray Into UAE
Porter, tech-based on-demand logistics company, has announced its expansion overseas with entry to UAE offering its intra-city logistics services in Dubai. The company will provide a tech-enabled platform to ensure hassle-free deliveries through its LCVs and 2-wheelers addressing the gap in intra city logistics requirements in the region for small package delivery requirements of both personal and businesses. "We are thrilled to enter the UAE as our first overseas market.
Impact Unicorn: Rightful Indian Legacy For G20
G20 is the powerful global forum that sets the agenda for the largest 20 economies to align around broad political and economic goals through a policy communique. The Presidency of G20 Forum is a rotating one and India is the President for the year 2023.
Investors and philanthropists can support an inclusive recovery
The COVID-19 crisis has shown that philanthropic and grant capital is best placed to mobilize rapid relief. Impact investments can drive long-term innovation, especially among local community organisations. Both approaches are required to channel much-needed financial resources into innovative community-focussed organisations working on the frontlines of the crisis.
The future of Start-ups: Imagining the next decade for the entrepreneurial sector
work from home is not an option but is the new strategy | Pic: Edex Live The pandemic has brought in many resets, the most stunning one has been to the start-up world where the founders have to suddenly be concerned about the bottom line for their survival from a euphoric growth and scale-at-all-costs model.
Impact is the new mainstream
Covid-19 has brought an end to the ‘greed is good’ era. There will now be a new economic world order in which the only thing that will matter is an inclusive and sustainable world. As the challenges of Covid-19 unravel and ravage humanity across the globe, one recurring discourse has been to use this disruption to reimagine the economic architecture. Is it possible to convert the pandemic into a launchpad for a more humane, inclusive, and sustainable world?
Open for business
If you’ve always wanted to engage in some philanthropy but never knew whom to give to, or how, here’s the answer. India may soon have a social stock exchange — a bourse for the social sector — where donors will be able to contribute to an NGO or a for-profit organisation of their choice that is ‘listed’ on the exchange.
What counts as impact
As large pools of capital get allocated, we have to make sure that the soul of impact investing is not compromised. At the turn of the century, some of us set out to find an alternate way to look at development. Capitalist principles had brought about steep economic growth; however, this had come with gaping economic disparity. We wanted to understand: could one tame capitalism and steer it to bring positive change in the lives of those who had hitherto been ignored in capitalist systems?
2019: A roadmap for impact investment in India
When you drive past a massive dump of waste in Indian cities, most of us feel helpless. The dump is not only an eyesore but also represents a serious health hazard to the people living around it and more importantly, to those scavenging waste from it. But if you are an impact investor, you might see this challenge as an opportunity--to not only get rid of it but also help poor rag pickers with better waste management.
Why green light is in Aavishkaar-Intellecap Group’s anti-portfolio
We are a thesis investor and when we look at a business we seek a great management team, a desire to stay on course for long and a business idea that has potential to scale. An area that we were quite curious and have seen many companies was the area of solar lantern business. We looked at Ignite Innovations—the first company in the stable—and from there on, D Light, Green Light and Cosmos Ignite as well.
How to double farmers' income: Move them from being just farmers to agripreneurs
As the Finance Minister sits to prepare a budget that would seem to suggest a massive focus on Rural India and the farmers, he may well introspect if doing more of the same would be the right way to go. The Modi Government has sets its goals on the idea of - 'Doubling Farmers Income in 5 years.'The big question is if that can be done without coming up with new ideas that can unleash the potential that Indian agriculture claims to possess but has never delivered.
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