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We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

8Dec By AnkitaNo Comments

Entrepreneurs Talk

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

Elon Musk-backed Hyperloop Transportation Technologies (HTT) Co-Founder Bibop G Gresta today said the company is ready to build Hyperloop between Mumbai and Pune, but the decision is left with Union Transport Minister Nitin Gadkari to go ahead with the project. "Gadkari has a proposal to build the Hyperloop on his table and he has to take a decision. If he wants to go ahead with it, we are ready, and it will be a feasibility study to begin with to lay line between Bombay (Mumbai) and Pune," he told PIXR8 here on the sidelines of the Carnegie Global Technology Summit 2016 here. Hyperloop runs faster than an aircraft at a speed of 1,120 kmph. Asked about the regulatory challenges to build Hyperloop in India, Gresta said Gadkari, during the meeting, had expressed the Indian Government's w...

Will Surpass $10 Billion Investment Commitment For India: Masayoshi Son

3Dec By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Will Surpass $10 Billion Investment Commitment For India: Masayoshi Son

Positive on India's prospects, Japan's SoftBank today pledged that it will "surpass" the stated commitment of investing USD 10 billion in the country as it ramps up investments in solar power generation and Internet-led businesses. "We have already invested USD 2 billion in last few years... we will surpass my commitment of investing USD 10 billion," SoftBank Chairman and Chief Executive Masayoshi Son said at the HT Leadership Summit here. He further said SoftBank is investing in areas like solar power generation and "lots of Internet-related companies". "We continue to expand on that," said the high-profile businessman, who made headlines earlier this year when he decided to continue as the head of SoftBank instead of handing over the baton to India-born Nikesh Arora. SoftBank in...

Mohandas Pai Warns Indian Businessmen For Not Investing in Indian Startups

20Nov By NitishNo Comments

Entrepreneurs Talk

Mohandas Pai Warns Indian Businessmen For Not Investing in Indian Startups

With China and the US pumping in massive foreign capital into India's digital economy, a top Indian investor and educationist has warned that the country could become a "digital colony" unless Indian businesses start investing in it. "India could become a digital colony," warned Mohandas Pai, chairman of Manipal Global Education, referred to possible consequences of the massive money being pumped into India's digital economy by the US and China. "There is a fight between US and China to dominate digitally. And the Indian capital where they are, buying real estate in California?" he asked. "If you miss this digital revolution, our big companies would be controlled by Chinese capital which is very dangerous," Pai warned. India, which has the world's third largest startup eco system, has ...

Crackdown on Immigration could affect Google’s Future Plans- Sundar Pichai

16Nov By AdityaNo Comments

Entrepreneurs Talk

Crackdown on Immigration could affect Google’s Future Plans- Sundar Pichai

Google's Indian-origin chief Sundar Pichai today said the global tech giant remains committed to Britain and will go ahead with a new one-billion-pound London headquarters that will create 3,000 jobs by 2020, but warned that post-Brexit crackdown on immigration could affect future plans. "Here in the UK, it's clear to me that computer science has a great future with the talent, educational institutions, and passion for innovation we see all around us," he told BBC during his first visit to the UK as Google's chief executive. "We are committed to the UK and excited to continue our investment in our new King's Cross campus," he said. Pichai's remarks will be a big boost to British economy after the June referendum in favour of the UK leaving the 28-member European Union. But Pichai did...

Employees are Scared For Their Safety After Trump’s Win: Indra Nooyi

15Nov By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Employees are Scared For Their Safety After Trump’s Win: Indra Nooyi

PepsiCo's India-born CEO Indra Nooyi has said Hillary Clinton's defeat in the elections has left her daughters, gay workers, employees and the non-whites devasted as there was "serious concern" among them about their safety in the US with Donald Trump as president. "Do you have a box of tissues here," Nooyi, a staunch Clinton supporter, said at the New York Times Dealbook Conference here when asked how she felt on the morning of November 9, when Trump won the presidential election. A visibly dejected Nooyi said Clinton's loss left her daughters and PepsiCo's employees devastated and there were serious concerns among the company's workers, especially the non-white employees, about their safety in an America with Trump as its president. "I had to answer a lot of questions from my daughte...

Nadella Congratulates Trump; Looks Forward to Work With Him

11Nov By NitishNo Comments

Entrepreneurs Talk

Nadella Congratulates Trump; Looks Forward to Work With Him

Tech giant Microsoft's India-born CEO Satya Nadella has congratulated US President- elect Donald Trump and said he looks forward to working with all those elected in the general election. "Yesterday, we witnessed the democratic process in action here in the US. The results are of importance around the world, and I know that interest is shared among Microsoft employees," Nadella, 49, wrote on Microsoft-owned professional networking site LinkedIn yesterday. "We congratulate the president-elect, and look forward to working with all those elected yesterday. Our commitment to our mission and values are steadfast, and in particular fostering a diverse and inclusive culture," he said. In a stunning result, Trump yesterday beat seasoned politician and Hillary Clinton in the knife-edge ...

Move to Withdraw Rs 500, 1,000 Notes Master Stroke: Narayana Murthy

9Nov By PriyankaNo Comments

Entrepreneurs Talk

Move to Withdraw Rs 500, 1,000 Notes Master Stroke: Narayana Murthy

Terming the decision to demonetise Rs 500 and Rs 1,000 currency notes as a "master stroke", IT czar N R Narayana Murthy today said the move will address issues like black money and corruption and also help the economy become more digital. "Prime Minister is working hard to reduce corruption. Black money is a scourge on any developing economy. He (Narendra Modi) has been a great supporter of digital economy. So yesterday when he made the announcement, I thought it was a master stroke," he said at an event here. Murthy added that this hopefully will help reduce corruption and black money and also accelerate the move towards digital economy. Taking the nation by surprise, in a major assault on black money, fake currency and corruption, Prime Minister Narendra Modi yesterday announced...

Self Driving Won’t Work in India Because Nobody Obeys Driving Rules: RC Bhargava

6Nov By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Self Driving Won’t Work in India Because Nobody Obeys Driving Rules: RC Bhargava

At a time when the automotive world is bullish on self driving cars, Maruti Suzuki Chairman R C Bhargava says such autonomous vehicles will not work in India as "nobody obeys any of the driving rules". "I would love to see people try and put that technology to use in the Indian driving conditions," Bhargava said. At an interaction here late last evening, he was asked about his views on self driving cars and how were they likely to impact the traditional automobile industry. "I think no technology will work here when nobody obeys any of the driving rules, no nobody obeys any of the systems which are there. How will you devise a technology that will predict customer behaviour, nobody can predict customer behaviour?" he said. Asked about the impact of taxi aggregators like Ola and...

Focus on Business & Market Leadership, Not on Cyrus Mistry Exit: Ratan Tata

25Oct By NitishNo Comments

Entrepreneurs Talk

Focus on Business & Market Leadership, Not on Cyrus Mistry Exit: Ratan Tata

A day after the abrupt ouster of Cyrus Mistry as Tata Group chairman, Ratan Tata, who has assumed charge as interim Chairman, today asked senior management of the conglomerates firms to focus on their businesses without being concerned about the top level change. Stating that his role is for short term so as to ensure stability and continuity at the group, Tata asked top executives of the USD 100 billion conglomerate to act as leaders in respective markets and focus on enhancing returns to shareholders. "I assumed the role of the interim Chairman for stability and continuity so that there is no vacuum. This will be for a short time. A new permanent leadership will be in place," he said while addressing managing directors and senior leaders of Tata companies at the Bombay House. In...

Patanjali to Enter Textile Manufacturing Sector, Says Baba Ramdev

22Oct By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Patanjali to Enter Textile Manufacturing Sector, Says Baba Ramdev

Patanjali is entering the textile manufacturing sector, its founder Yoga guru Baba Ramdev today said and expressed hope that the groups growth rate will swell to 200 per cent in the next fiscal. Patanjali group will make a big venture in textile manufacturing sector and apart of traditional kurta-pajama, it will come out with foreign wears like jeans, Ramdev said at the inaugural function of the two-day Global Investors Summit here. "Our growth rate is 100 per cent in the current fiscal, which is going to climb to 200 per cent in the next financial year," he said. He said Patanjali group wants to throw up Rs 10,000 crore income avenues to farmers in farming, milk production and other sectors in the next 2-3 years. Ramdev said that big economies globally were facing a slowdown but our...

We Believe in Branded and Expensive Gratification for Our Users – Hetin Sakhuja, Founder of Lucky Stars

6Oct By NitishNo Comments

Entrepreneurs Talk

We Believe in Branded and Expensive Gratification for Our Users – Hetin Sakhuja, Founder of Lucky Stars

Lucky Stars is a phenomenon in the business of apps. Conceived from a simple idea of gratifying users, Lucky Stars is one of the fastest growing app in the industry and has been delighting its users by providing an opportunity to win branded and expensive gifts like smart phones, smart TV’s, two wheelers, gold coins amongst other equally expensive gifts. Hetin Sakhuja, the techopreneur and the force behind the concept, whose company Interact Mobile Technology Private Limited developed the Lucky Stars app, explains to Team NewsBarons the thought behind Lucky Stars as a ‘Win Gifts for Free’ app, how it is the one of the most meaningful platforms for brand-consumer interaction and its ‘no rider – all benefit’ user approach. Explain the USP of Lucky Stars. Luc...

Market Potential Huge, E-commerce Bound To Succeed: Nadan Nilekani

30Sep By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Market Potential Huge, E-commerce Bound To Succeed: Nadan Nilekani

E-commerce players in India are bound to succeed because of huge market opportunities, and the coming Diwali season will be a pointer to where this space is headed, says Infosys co-founder Nandan M Nilekani. He is also of the view that a prudent cash management and improved customer experience will stand them in good stead. "E-commerce businesses are becoming more disciplined about their operations, they are burning less cash, they are improving their customer experience, and this Diwali season will be a very good indication of how the market is growing," Nilekani, the brain behind the biometric Aadhaar, said. "All these companies are well-funded, they have enough capital to last for a couple of years. So, that gives adequate time to discipline the model. In any case, they are doing an ...