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India Needs 125 Fortune 500 Firms to Achieve $5 Trillion Target, Says Lava Founder

OutlookIndia

OutlookIndia · 5m ago

India Needs 125 Fortune 500 Firms to Achieve $5 Trillion Target, Says Lava Founder

India needs at least 125 Fortune 500 companies to bolster its economy to a $5 trillion target, according to Hari Om Rai, founder of Lava International. He emphasized the necessity of nurturing smaller firms alongside large conglomerates to achieve global competitiveness, a skilled workforce, and an equitable share of the global economy. Currently, only nine Indian companies are on the Fortune 500 list. Rai advocates for supportive policies to foster these companies' growth and skill acquisition.

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AI, online gaming can add up to $300 billion to India's GDP by 2026-27: Rajeev Chandrasekhar

Economic Times

Economic Times · 1y ago

AI, online gaming can add up to $300 billion to India's GDP by 2026-27: Rajeev Chandrasekhar

According to Union Minister Rajeev Chandrasekhar, the artificial intelligence (AI) and online gaming sectors have the potential to contribute up to $300 billion to India's GDP by 2026-27. The government plans to host a global summit called 'India AI-2023' on December 10 as part of its efforts to promote AI. Chandrasekhar also mentioned that the government aims to achieve a $1 trillion digital economy as part of the $5 trillion GDP target.

India lacks adequate risk capital to realise its $5 trillion economy ambition: Kamakodi

Economic Times

Economic Times · 26d ago

India lacks adequate risk capital to realise its $5 trillion economy ambition: Kamakodi

India lacks sufficient risk capital necessary to achieve its USD 5 trillion economic goal, despite being the world's fourth-largest economy, according to City Union Bank's MD and CEO, N. Kamakodi. He highlighted the importance of building a risk capital pool, as India has a high population and low per capita income. Unlike Germany, which relies on debt, and the US, which relies on equity, India needs a different approach to meet long-term objectives.

Product-market fit for lean startups

Internet

Internet · 10m ago

Product-market fit for lean startups

- Product-Market Fit (PMF): Essential for startup success; defined as efficiently satisfying market needs. - Lean Startup Methodology: Focuses on minimizing risk and waste through customer feedback and iterative development. - Key Steps to Achieve PMF: 1. Define Target Market: Understand demographics and psychographics. 2. Identify Underserved Needs: Conduct research to find market gaps. 3. Develop Value Proposition: Clearly articulate benefits and differentiators. 4. Create Minimum Viable Product (MVP): Build a simple version to gather feedback. 5. Engage Target Market: Launch MVP and collect user insights. 6. Iterate and Improve: Adjust based on feedback for better alignment. 7. Measure Success: Use KPIs to track progress and inform growth strategies.

India to spend up to $385 bn to meet renewable energy target, says Moody's

VCCircle

VCCircle · 1y ago

India to spend up to $385 bn to meet renewable energy target, says Moody's

India will need to invest around $385 billion to achieve its target of 500 gigawatts (GW) of renewable energy by 2030, according to Moody's Ratings. Despite this push for renewable energy, coal will continue to play a significant role in electricity generation for the next decade. Moody's estimates that annual capacity additions of around 44 GW will help meet the renewable energy target. India will need to spend $340-$385 billion on capacity, transmission, and distribution over the next six to seven years. However, government-related issuers are expected to maintain moderate leverage during this period.

Nvidia becomes first company to clinch $4 trillion in market value - The Economic Times

Economic Times

Economic Times · 1m ago

Nvidia becomes first company to clinch $4 trillion in market value - The Economic Times

Nvidia became the first company to achieve a $4 trillion market capitalization, driven by a surge in demand for artificial intelligence technologies. It previously surpassed the $1 trillion mark in June 2023, tripling its value in about a year, outpacing Apple and Microsoft. Nvidia’s growth reflects confidence in AI, with its processors playing a crucial role. The company's stock has significantly rebounded, being a major player on the S&P 500 index.

OpenAI is looking to build an AI chip empire worth more than AMD, Nvidia and intel combined — Sam Altman wants up to $7 trillion says WSJ report

Techradar

Techradar · 1y ago

OpenAI is looking to build an AI chip empire worth more than AMD, Nvidia and intel combined — Sam Altman wants up to $7 trillion says WSJ report

OpenAI CEO Sam Altman is reportedly in discussions to raise $5 trillion to $7 trillion in an ambitious fundraising effort to reshape the global AI chip industry. The goal is to address the scarcity of GPUs needed for large language models. Altman is proposing a partnership with investors, chip makers, and power providers to collectively finance the construction of chip foundries. Potential investors include the United Arab Emirates (UAE) and representatives from Taiwan Semiconductor Manufacturing Co. (TSMC). The involvement of the UAE could raise geopolitical concerns regarding US strategic priorities. It remains uncertain if Altman has secured commitments for the fundraising target.

Reliance Industries rises to 86th spot in Fortune 500 global rankings; check other Indian firms on the list | Mint

Livemint

Livemint · 1y ago

Reliance Industries rises to 86th spot in Fortune 500 global rankings; check other Indian firms on the list | Mint

Reliance Industries Limited, led by Mukesh Ambani, has climbed two places to reach the 86th spot on the Fortune 500 companies list in 2024. This makes it the highest-ranked Indian company on the list. Reliance Industries is the largest company in India based on market capitalization, which currently stands at ₹19.585 trillion. The company's revenue for the financial year 2024 grew by 2.6% to ₹10,00,122 crore, with significant contributions from its oil and gas, retail, and digital services businesses.

Jensen Huang, AI visionary in a leather jacket - The Economic Times

Economic Times

Economic Times · 1m ago

Jensen Huang, AI visionary in a leather jacket - The Economic Times

Jensen Huang, co-founder and CEO of Nvidia, has become a prominent figure in tech due to Nvidia's GPUs, crucial for AI technologies like ChatGPT. Nvidia's success has boosted its market value beyond $4 trillion, with Huang's personal fortune reaching $150 billion. Known for his optimistic yet low-key demeanor, he focuses on advancing high-powered computing solutions. He contrasts with other tech leaders by emphasizing technology over personal fame while maintaining a strong, disciplined leadership style.

Investment MOUs worth Rs 16 lakh crore signed in Davos: Fadnavis

YourStory

YourStory · 7m ago

Investment MOUs worth Rs 16 lakh crore signed in Davos: Fadnavis

Maharashtra signed MoUs worth Rs 16 lakh crore at the World Economic Forum in Davos, aiming to boost its GDP to $1 trillion by 2030, as part of India's $5 trillion economy target. Chief Minister Devendra Fadnavis attributed this to investor confidence in policy continuity and Prime Minister Narendra Modi. Agreements span various sectors, with the state committed to ensuring these translate into real investments. Indian leaders emphasized collective growth for national progress.

Fireside-backed petcare startup Supertails snags Series B cheque

VCCircle

VCCircle · 1y ago

Fireside-backed petcare startup Supertails snags Series B cheque

Supertails, a petcare startup backed by Fireside Ventures, has raised Rs 125 crore ($15 million) in Series B funding. The round was led by RPSG Capital Ventures and saw participation from existing investors, including Fireside Ventures, Saama Capital, DSG Consumer Partners, and Sauce VC. Supertails plans to use the funding to acquire new customers, invest in technology, and expand its healthcare services. The Bengaluru-based startup aims to achieve an annual recurring revenue of Rs 500 crore in the next two years.

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