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Young entrepreneurs should focus on ethics in business, improving quality of goods and services, says Youth Affairs secretary

Business Today

Business Today · 11m ago

Young entrepreneurs should focus on ethics in business, improving quality of goods and services, says Youth Affairs secretary

Meeta Rajivlochan, Secretary of the Department of Youth Affairs, emphasized the importance of ethics and quality improvement in business during the FICCI Young Leaders Award. She highlighted the need for trust as the most crucial commodity in today's business environment, urging young entrepreneurs to follow ethical practices. Rajivlochan also noted the significance of building Brand India by showcasing the country's commitment to quality and value. She advised entrepreneurs to focus on making Indian products world-class instead of relying on Western standards, emphasizing the impact of trust on reducing costs and driving positive outcomes.

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Zerodha's Nikhil Kamath unveils inaugural WTFund cohort of innovators under 25

YourStory

YourStory · 11m ago

Zerodha's Nikhil Kamath unveils inaugural WTFund cohort of innovators under 25

Zerodha Co-founder Nikhil Kamath revealed the first cohort of entrepreneurs selected by WTFund, a non-equity grant fund for entrepreneurs aged 25 and under. The 15 selected startups are working on solving various issues in sectors like healthcare, AI, and sustainable goods. WTFund offers non-equity grants of up to Rs 20 lakh, mentorship from industry leaders, and support for legal and accounting needs. The aim is to foster the entrepreneurial spirit in India's youth and provide resources for young entrepreneurs to start and grow their ventures.

Do not do startup for the sake of it, says Boat cofounder Aman Gupta

Economic Times

Economic Times · 4m ago

Do not do startup for the sake of it, says Boat cofounder Aman Gupta

Aman Gupta, cofounder of Boat, advises young entrepreneurs not to start businesses simply for the sake of it. He emphasizes the importance of founder branding, where entrepreneurs enhance their business’s visibility through personal image. Gupta notes that successful execution is key, rather than being first in the market, as illustrated by companies like Flipkart and Boat. He also highlights India's growing focus on entrepreneurship and effective brand building for business success.

'We should stop worshipping unicorns', says CRED founder Kunal Shah

IndianStartupNews

IndianStartupNews · 1y ago

'We should stop worshipping unicorns', says CRED founder Kunal Shah

Kunal Shah, founder of CRED, expressed his belief that India should shift its focus away from worshiping unicorns and instead celebrate entrepreneurs who have built profitable companies without relying heavily on capital. He noted that while unicorns are mythical, many lesser-known founders have achieved success through profitable ventures. Shah highlighted the importance of recognizing entrepreneurs who create profit pools and build sustainable businesses. His comments come amid a slowdown in India's startup ecosystem, marked by a decrease in new unicorn additions and a funding winter.

No more long delays: Defence secretary says India plans to reduce weapon buying timeline from 6 to only 2 years

Economic Times

Economic Times · 1m ago

No more long delays: Defence secretary says India plans to reduce weapon buying timeline from 6 to only 2 years

India aims to reduce its weapon procurement timeline from six to two years, as outlined by Defence Secretary Rajesh Kumar Singh. The focus is on improving post-operation assessments, addressing structural procurement challenges, and boosting indigenous capability. Singh highlighted the need to streamline the Defence Acquisition Procedure (DAP) and enhance domestic manufacturing. The country’s defence exports have grown significantly, and efforts are concentrated on increasing high-value system sales internationally.

Youth Co:Lab challenge 2024-25 to focus on inclusive development for PwDs

YourStory

YourStory · 6m ago

Youth Co:Lab challenge 2024-25 to focus on inclusive development for PwDs

The Atal Innovation Mission, NITI Aayog, and UNDP have launched the 7th Youth Co:Lab National Innovation Challenge, focusing on disability-oriented startups. Supported by Citi Foundation and ATF, the challenge invites young entrepreneurs, including those with disabilities, to innovate in Inclusive Assistive Technology, Accessible Education and Skilling, and Innovative Care Models. Shortlisted startups will receive incubation, mentorship, and seed grants. Applications close January 18, 2025, with winners representing India at the Asia-Pacific Summit.

Zepto's Kaivalya Vohra, Perplexity's Aravind Srinivas among India's standout young entrepreneurs this year

YourStory

YourStory · 22d ago

Zepto's Kaivalya Vohra, Perplexity's Aravind Srinivas among India's standout young entrepreneurs this year

The Avendus Wealth – Hurun India U30 List 2025 highlights 79 young Indian entrepreneurs under 30 who are reshaping the business landscape with innovative ventures. Notable figures include Zepto’s co-founder Kaivalya Vohra and Perplexity’s Aravind Srinivas. These entrepreneurs have collectively raised significant capital and created thousands of jobs, with their ventures ranging across sectors such as technology, consumer goods, and healthcare. The list underscores a shift towards first-generation entrepreneurship and emphasizes strategic financial deployment in product development.

Bhavish Aggarwal pokes fun at Elon Musk, says ‘Tesla for West, Ola for Rest’ | Mint

Livemint

Livemint · 11m ago

Bhavish Aggarwal pokes fun at Elon Musk, says ‘Tesla for West, Ola for Rest’ | Mint

Bhavish Aggarwal, CEO of Ola Electric and Ola Cabs, mocked Tesla founder Elon Musk, stating that "Tesla is for the West and Ola is for the rest". Aggarwal emphasized that companies like Tesla cater to the rich, while Ola Electric aims to build for the global south, starting with India. He also questioned Musk's ventures, suggesting he should try something new. Aggarwal highlighted Ola's achievements, including launching India's first gigafactory and the focus on AI text technology with his new venture, Krutrim. He expressed Ola's vision for India and the role of Indian youth in shaping the future.

“But I don’t know any VCs!”

Internet

Internet · 7m ago

“But I don’t know any VCs!”

What if you have a startup for which you’d like to raise venture funding, but you don’t know any VCs? This blog addresses the common challenge entrepreneurs face when seeking venture capital without existing connections. It emphasizes that venture capitalists (VCs) primarily rely on referrals from trusted sources, making unsolicited submissions ineffective. To increase the chances of getting noticed, entrepreneurs should focus on building a solid business plan and presentation. The author suggests that entrepreneurs should network strategically to position themselves among the few startups VCs consider each year. Ultimately, having a well-prepared pitch and a strong understanding of their business will help them stand out when opportunities arise.

AI Models Seeking Govt Funding Must Address Sector Specific Problems: MeitY's Abhishek Singh

OutlookIndia

OutlookIndia · 5m ago

AI Models Seeking Govt Funding Must Address Sector Specific Problems: MeitY's Abhishek Singh

The Indian government's IndiaAI Mission is inviting AI model proposals from startups, researchers, and entrepreneurs that tackle cross-sectoral problems. Abhishek Singh, Additional Secretary at the Ministry of Electronics & Information Technology, emphasized that models should be based on datasets trained in the Indian context. Proposals will be evaluated based on problem-solving approaches, sustainability, and must consolidate teams for final submissions. Intellectual property rights will remain with model developers, fostering an India-centric foundational AI model.

Relief for Indigo: No additional tax on aircraft parts re-imported following repairs, says Delhi HC

Livemint

Livemint · 5m ago

Relief for Indigo: No additional tax on aircraft parts re-imported following repairs, says Delhi HC

The Delhi High Court has ruled against the Integrated Goods and Services Tax (IGST) levy on the repair cost of re-imported aircraft parts, offering relief to aviation companies like IndiGo. This ruling declared a part of the 2021 customs exemption notification unconstitutional, as it improperly expanded the tax scope. The court determined that re-imported repaired goods should be classified as an import of services, not goods, making them exempt from IGST under the Customs Tariff Act.

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