Thursday, April 18

Entrepreneurs Talk

Read the successful businessman stories and their business and how they face the problems and resolve them according to the situation to get the success.

Innovation Is The New Way Of Doing Things, Subramanian Swamy Told To IITians
Entrepreneurs Talk

Innovation Is The New Way Of Doing Things, Subramanian Swamy Told To IITians

BJP leader Subramanian Swamy has exhorted students of IITs to innovate, become entrepreneurs but never settle for a job which is how they can contribute to the nation's economy and make India a true global, economic and political power. The Need of Innovation "Students take engineering degrees from different streams and later pursue business courses in IIMs or some might settle down for a job. Now, to resolve India's situation, we need to understand that to become a global economic power, there are two possible ways. One is to follow steady growth by increasing capital and labour which is always associated with diminishing returns and less growth. But if one wants to jump growth curves, then the only way known in economics is through "Innovation" new ways of doing things", said Swamy whi...
‘This Is The Best Time For Our Business’ Says Kunal Bahl
Entrepreneurs Talk

‘This Is The Best Time For Our Business’ Says Kunal Bahl

Kunal Bahl comments on the sale of Freecharge to Axis Bank, says it will provide Snapdeal the "necessary boost in resources" to continue its e-commerce journey. Just hours after the deal was announced, Bahl wrote to employees seeking to assuage concerns saying Axis Bank intends to not just retain all Freecharge employees but also "invest significantly" in the team and brand. His comments also assume significance amid reports that the Snapdeal board is leaning towards selling the e-commerce company to Flipkart. Snapdeal earlier announced the sale of Freecharge to Axis Bank for $60 million, which was much lower than the price of $400 million for which it bought Freecharge  back in 2015. Bahl referred to the transaction with Axis Bank was "a great outcome". "They intend to retain...
B2B Startups Coming Up In Big Way Says Mohandas Pai
Entrepreneurs Talk

B2B Startups Coming Up In Big Way Says Mohandas Pai

Tech investor T V Mohandas Pai today said business-to-business startups are coming forth in a "big-way" despite difficulties in running them when compared to business-to-consumer startups. Quoting a report, he said there are 20,000 startups in India and 90 per cent of them are B2C, because they are started by young people barely out of college. For them B2C becomes easy because they see the challenges faced by the consumers out of experience and exposure, he said. "The balance 10 per cent, about 2,600 companies all across the country, would be B2B and of them I would expect 1000 companies to be high quality companies." Pai was speaking during a panel discussion on the topic "B2B startups and their impact on various sectors", organized by Airbus BizLab. He said despite difficult...
Health Care Holds Amazing Opportunities For Startups- GV Prasad, Dr Reddy’s Laboratories
Entrepreneurs Talk

Health Care Holds Amazing Opportunities For Startups- GV Prasad, Dr Reddy’s Laboratories

There are "amazing" growth opportunities for start-ups in the health care sector in India in terms of technology and patient-centric solutions, CEO and co-chairperson, Dr Reddy's Laboratories, G V Prasad has said. "Amazing opportunities (are there), both in terms of science, technology as well as patient-centric solutions, using technology like IT, analytics, lot of start-ups (are) coming up...not from the traditional companies. These are coming from young people who do not have a pre-conceived notion of what health care should be," he said. He said patients treatment, hospitals and pharmaceuticals are some of the factors that would drive the growth of start-ups in the health care sector. "I think treatment, hospitals as well as pharmaceuticals themselves and all the technology-driven...
Super 30 Will Start Online Coaching For Students: Anand Kumar
Entrepreneurs Talk

Super 30 Will Start Online Coaching For Students: Anand Kumar

Super 30 founder Anand Kumar today said he has plans to expand the programme to provide online coaching to meritorious students from across the country soon. "I have plan to launch Super-100 to enroll 100 meritorious class X pass out students from across the country to provide them coaching online," Kumar told Pixr8 today. The online application for the proposed coaching were being invited and select candidates would be selected based on merits, he said. While priority for the selection of candidates would be underprivileged, the focus would be to select candidates from Bihar, Uttar Pradesh and Jharkhand, he said expressing hope the online coaching facility would be launched in the later part of this year. Kumar said he also has plan to open a branch of the Super 30 coaching centre in or...
Sad over recent IT layoffs: Narayana Murthy
Entrepreneurs Talk

Sad over recent IT layoffs: Narayana Murthy

Founder Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy. "...It is sad...," Murthy told in an email reply to a Pixr8 query about recent IT layoffs. Murthy, however, did not elaborate on the matter. Infosys had announced that it could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review amid a challenging business environment. The development comes at a time when its peers Wipro and Cognizant are taking similar measures to control costs. The US-based Cognizant had rolled out a voluntary separation programme for directors, associate VPs and senior VPs, offering them 6-9 months of salary. Wipro, too, is learnt to hav...
Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev
Entrepreneurs Talk

Patanjali to Wipe Out MNCs From Indian Market in 5 yrs: Baba Ramdev

Yoga guru Ramdev said today that Patanjali Ayurveda, promoted by him, will steal the march over multinational firms manufacturing consumer products. Comparing them to the East India Company that had entered the country with a purpose to "loot", Ramdev said that he aims to make India free from the MNCs. He said that the MNCs here were not working for the countrys development, rather their sole objective was to "loot" India. "Patanjali agle panch varshon mein in videshi kampaniyon ko moksh de degi ( Patanjali will finish the MNCs up from the Indian market in next five years)," he said. He was speaking at a function organised here to mark the birth anniversary of Yogi Bharat Bhushan. "In the next five years, Patanjali would educate the farmers about the latest techniques in far...
Amazon Will Keep Investing Billions in India: Jeff Bezos
Entrepreneurs Talk

Amazon Will Keep Investing Billions in India: Jeff Bezos

Global e-commerce major Amazon will keep investing in the Indian market to strengthen technology and infrastructure as it looks to overtake local rival Flipkart. The US-based company has already committed investments to the tune of $5 billion in India. “Our India team is moving fast and delivering for customers and sellers. It’s still day 1 for e-commerce in India, and I assure you that we’ll keep investing in technology and infrastructure,” Amazon founder and CEO Jeff Bezos said in a statement. The world’s second richest man also said “Amazon.in is the most visited and the fastest-growing marketplace in India.” Amazon, which entered India in 2013, has been locked in an intense battle with Tiger Global-backed Flipkart for leadership in the Indian market. Amazon has been aggr...
Patanjali Will Soon Expand Globally- Acharya Balkrishna
Entrepreneurs Talk

Patanjali Will Soon Expand Globally- Acharya Balkrishna

Patanjali Ayurveda's Co-Founder and CEO Acharya Balkrishna on Thursday announced that the company is planning to expand globally in the near future, while addressing a 'Made in India - Food Buyer Seller Meet' organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Agricultural and Processed Food Products Export Development Authority ( APEDA). He urged players of food processing sector to come together and promote healthy food products. "This initiative taken by FICCI is an example of industry players taking a step towards making Indian food industry an international brand accepted by all. Patanjali Ayurveda Ltd. is committed to go global and fight adulteration in Food industry," said Balkrishna. Patanjali already has its presence in many countries, ther...
Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy
Entrepreneurs Talk

Need to Reduce ‘Friction’ in Businesses in India: Narayana Murthy

To transform India's economy, there is a need to reduce "friction" in businesses and create an "environment" wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said. For the transformation of the Indian economy, he said it is essential for the younger generation to be daring and that India is integrated with the global economy. "We still have a little bit of work in reducing friction to businesses. We need to create an environment where the government has more trust in its entrepreneurs than it is today," Murthy, 70, told students of the prestigious Darden School of Business at the University of Virginia here. Murthy, the recipient of the 2017 Thomas Jefferson Foundation medal in Global Innovation, was responding to Darden School of...