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News on Medial
'Jobs are for the poor...': Stockifi founder lists 20 reasons that make Gujaratis business powerhouses
Business Today
·
8m ago
Medial
Abhijit Chokshi, founder of Stockifi, analyzes the Gujarati community's dominance in business, highlighting their considerable economic contribution despite their small population. Key factors include an entrepreneurial mindset, early financial education, community support, risk-taking, and a frugal lifestyle that fosters long-term wealth accumulation. Gujaratis excel in diamond trading, stock markets, and own significant US businesses, such as motels. Their success is underpinned by a cultural preference for business over traditional jobs.
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Creador makes poor returns from India portfolio
VCCircle
·
1y ago
Medial
Creador, the private equity firm focused on South and Southeast Asia, has sold a portfolio company in India, resulting in poor returns. The firm, led by founder Brahmal Vasudevan, has been slowing down its investment activity in India but managed a partial exit from its portfolio. The details of the transaction and the reasons for the poor returns were not mentioned in the article.
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From shaping business growth to future readiness: CHRO as the new strategic powerhouse | Mint
Livemint
·
1y ago
Medial
The role of the CHRO (Chief Human Resources Officer) is evolving in the face of increasing disruption in the business landscape. As highlighted in Deloitte's report, CHROs are crucial in guiding organizations through change and ensuring sustained business growth. Key areas in which CHROs are making an impact include understanding the business in-depth, developing talent strategies to drive growth, embracing the AI era, leveraging technology, and strengthening the organization's competitive edge through culture. By prioritizing employee-centric approaches, CHROs are becoming strategic powerhouses in the boardroom.
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What ails the software jobs market? Zoho's Sridhar Vembu says it's not AI
Economic Times
·
8m ago
Medial
Zoho founder Sridhar Vembu suggests that the software industry's challenges are due to excess capacity from abundant venture capital, not artificial intelligence (AI). This has led to inefficiencies, with duplicated IT systems draining resources. Companies often hire Indian talent to manage these inefficiencies, creating many IT jobs. While AI can boost productivity by 10-20%, it doesn't pose a significant threat to jobs yet. The industry faces challenges from changing skill requirements and automation.
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Smartphone startup Nothing’s India head Manu Sharma quits
Inc42
·
1y ago
Medial
Manu Sharma, the General Manager and Vice President of smartphone startup Nothing, has resigned from his position. Sharma, who joined the company in February 2021, will have his last working day on January 20, 2024. He was responsible for establishing Nothing's presence in India and building the business from scratch. However, personal reasons led to his decision to move on. Nothing, founded by former OnePlus co-founder Carl Pei, competes with major brands like Apple and Samsung.
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Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe
Livemint
·
9m ago
Medial
In 2025, major tech and corporate firms, including ADM and Salesforce, are implementing significant layoffs amid market challenges. ADM plans to cut 700 jobs globally to save costs due to market uncertainties. Salesforce is laying off over 1,000 employees while hiring for AI initiatives, with laid-off staff able to reapply internally. Microsoft, Meta, and Amazon are also reducing jobs, citing performance and economic reasons, contributing to widespread industry employment turmoil.
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From Steve Jobs to Sam Altman: A list of founder fired from their own companies.
Livemint
·
1y ago
Medial
The phenomenon of founders being fired from their own companies like Steve Jobs at Apple and Sam Altman at OpenAI is common. It delves into the reasons for their dismissals and the subsequent successes they achieved after leaving their respective companies. The list of founders ousted from their own companies also includes names like Jack Dorsey of Twitter and Travis Kalanick of Uber. The article draws parallels between Jobs and Altman and highlights the challenges that come with being a founder and CEO. Read the source article for the full list.
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The 51 most disruptive startups of 2024 | TechCrunch
TechCrunch
·
10m ago
Medial
TechCrunch identified 51 of the most disruptive startups of 2024, spotlighting those with innovative technologies, compelling business models, or groundbreaking stories. These startups, organized alphabetically, span various industries, including AI, robotics, fintech, healthcare, and more. Noteworthy entries include Abridge for AI medical transcription, Agility Robotics for humanoid robots, and Covariant for production robots. While well-known AI powerhouses like OpenAI are excluded, the list highlights emerging leaders pushing industry boundaries, offering notable advancements, and pioneering technologies in their respective fields.
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Don’t register startup outside India unless you have a very strong reason: Livspace's Ramakant Sharma
Economic Times
·
1y ago
Medial
Startups in India are being urged to register their companies within the country, with Livspace co-founder Ramakant Sharma stating that he could not find any advantages in registering outside of India, unless the business is not Indian. Sharma highlighted the thriving Indian economy and the growth of consumer brands as reasons for startups to register in India. This advice comes as several startups are considering shifting their domiciles from other countries back to India, due to improved regulations and access to funds.
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‘More money on the table’ if Tata Steel can create more assets, jobs in UK
Livemint
·
1y ago
Medial
The new Labour government in the UK is willing to offer a higher grant to Tata Steel if the company invests in building downstream assets and creating more jobs for workers affected by the closure of blast furnaces. Discussions are also ongoing with the Dutch government, which has agreed to provide financial aid to Tata Steel for a similar transition at its mill in the Netherlands. The UK government supports the closure of blast furnaces for safety reasons and is focused on helping Tata Steel create a sustainable business and save jobs. In India, Tata Steel is evaluating the impact of a recent Supreme Court judgement regarding mineral rights and considering whether to continue investing in captive iron ore mines.
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Gen Z has discovered the ultimate anti-layoff hack: government jobs
Business Insider
·
1y ago
Medial
Gen Z and millennial workers are considering government jobs due to uncertainty and layoffs in the private sector. The public sector offers benefits such as good health insurance, early retirement with a pension, and student loan forgiveness. TikTokers are even promoting white-collar government jobs like payroll specialists. Despite lower salaries compared to the private sector, the stability and perks make it appealing for disillusioned young workers.
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