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We kept squeezing salaried class, this Budget shifts that: Mittal

Inshorts · 6m ago

We kept squeezing salaried class, this Budget shifts that: Mittal

Entrepreneur Anupam Mittal said India kept squeezing its salaried class but Budget 2025 shifted that. He added that the move to impose no tax on up to ₹12 lakh annual income is "a systemic correction, not just a tax cut". "You don't build an economy by making people feel gareeb (poor). You build it by making them wealthier," he added.

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Kotak Mahindra was a startup in 1985, had raised ₹30 lakh: Kotak

Inshorts · 1y ago

Kotak Mahindra was a startup in 1985, had raised ₹30 lakh: Kotak

Kotak Mahindra Bank Founder Uday Kotak said the bank was a startup in 1985 and had raised a capital of ₹30 lakh. "The whole concept of entrepreneurship was at the core of who we are," he stated. "A lot of Kotak-ites started with strong middle-class values and that really kept us all together. We didn't start as highflying," he added.

Stop this deshdroh: Anupam as Suhel says '80% of Indian startups are a racket'

Inshorts · 4m ago

Stop this deshdroh: Anupam as Suhel says '80% of Indian startups are a racket'

After Indian businessman Suhel Seth appeared on a TV debate and said, "80% of the startups in India are nothing but a racket," entrepreneur Anupam Mittal posted on X, "Ye deshdroh bandh karo (Stop this treason)." Anupam added, "Aren't we harassed enough that we need this crab mentality egging the bureaucracy on by calling founders and VCs frauds?"

Shark Tank’s Namita Thapar against employees working long hours without financial upside: ‘This is a crock of bulls**t…’ | Company Business News

Livemint

Livemint · 8m ago

Shark Tank’s Namita Thapar against employees working long hours without financial upside: ‘This is a crock of bulls**t…’ | Company Business News

Namita Thapar, Executive Director of Emcure Pharmaceuticals and a Shark Tank India judge, criticized the notion that employees should work long hours without financial benefits, distinguishing them from founders who gain financial upside. In a podcast, Thapar emphasized the adverse health effects of excessive work for salaried employees, advocating for reasonable work hours. Anupam Mittal, another panelist, countered, arguing that achieving extraordinary success requires going beyond clock-watching and embracing a growth mindset.

If couples don't stare at each other, how'll India be most populous: Anupam Mittal

Inshorts · 7m ago

If couples don't stare at each other, how'll India be most populous: Anupam Mittal

Shaadi.com Founder Anupam Mittal reacted to L&T Chairman SN Subrahmanyan's 'How long can you stare at your wife?' comment. "But sir, if husband and wife don't look at each other, how will we remain most populous country in the world?" Mittal said. He earlier said employees must work long enough so that it's the only thing they have time for.

Amazon employees criticise CEO Andy Jassy after admitting AI will replace jobs in future - The Economic Times

Economic Times

Economic Times · 2m ago

Amazon employees criticise CEO Andy Jassy after admitting AI will replace jobs in future - The Economic Times

Amazon CEO Andy Jassy announced that the company's corporate workforce will shrink over the next few years due to efficiency gains from AI, according to a recent memo. This announcement led to backlash from employees, who criticized Jassy's leadership and expressed concern over the increased reliance on AI. Employees were unhappy about the potential job losses. Meanwhile, Amazon also froze its retail hiring budget amid shifts in workforce and technology strategies.

Decoding the changing shades of real estate in family office portfolios

VCCircle

VCCircle · 4m ago

Decoding the changing shades of real estate in family office portfolios

A growing number of family offices are diversifying their investment portfolios by including real estate, driven by generational shifts, liquidity concerns, and changing market dynamics. Wealth advisers and industry executives note this trend as families reconsider direct property ownership. Real estate remains a traditional asset class offering stability and potential income, attracting family office investments despite challenges. This shift represents a strategic approach to preserving and growing family wealth through diverse real estate investments.

Why is Groww raising brokerage fees by 150% for small trades?

Economic Times

Economic Times · 3m ago

Why is Groww raising brokerage fees by 150% for small trades?

Groww, India's leading broker, is raising brokerage fees by 150% for small trades due to regulatory pressures squeezing profits. The minimum equity brokerage will increase from ₹2 to ₹5 per order starting June 21. This move, affecting about 13 million clients, aligns with industry-wide adjustments following SEBI's 'true-to-label' norms that reduced profitability by eliminating hidden markups. Additionally, Groww will revise its Margin Trading Facility interest rates, impacting high-volume users.

JPMorgan engineers' efficiency jumps as much as 20% from using coding assistant

Economic Times

Economic Times · 5m ago

JPMorgan engineers' efficiency jumps as much as 20% from using coding assistant

JPMorgan Chase software engineers increased efficiency by 10% to 20% through a new coding assistant, according to global CIO Lori Beer. This tool allows engineers to focus on higher-value AI and data projects. With a $17 billion tech budget for 2024, JPMorgan plans to leverage AI for substantial business gains, potentially adding $1 billion to $1.5 billion in value. The bank aims for value transformation, not just incremental AI shifts, as it optimizes its tech workforce.

UK deal will set roadmap for talks with EU, but US a different ballgame: Sunil Bharti Mittal

Economic Times

Economic Times · 1m ago

UK deal will set roadmap for talks with EU, but US a different ballgame: Sunil Bharti Mittal

The article discusses an impending trade agreement between India and the UK. Sunil Bharti Mittal, chairman of Bharti Enterprises, emphasizes the opportunity the deal presents for Indian industries, as it provides market access and tariff advantages. Mittal highlights potential benefits in high-tech and SME sectors, greater investment opportunities, and strengthened Indo-UK relations. He views this deal as a strategic advancement that can guide future negotiations with entities like the EU, contrasting it with the complexities of US trade talks.

Sebi proposes new asset class placed between MFs and PMS for higher risk takers

Money Control

Money Control · 1y ago

Sebi proposes new asset class placed between MFs and PMS for higher risk takers

India's market regulator, the Securities and Exchange Board of India (SEBI), has proposed a new asset class that bridges the gap between mutual funds and portfolio management services. This asset class would offer greater flexibility in portfolio construction by allowing investment in derivatives for purposes beyond hedging and rebalancing. SEBI suggested a minimum investment of INR 10 lakh per investor in this asset class, aimed at curbing unregistered and unauthorized investment products. The proposed asset class is expected to provide regulated investment products with higher risk-taking capabilities.

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