Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
India’s Commerce Minister, Piyush Goyal, has put forward a unique proposal inspired by the Russian startup model, which could revolutionize the country’s growing startup ecosystem. This new plan involves building dedicated townships to support startups, providing them with much-needed infrastructure, affordable workspaces, and access to resources. Here’s what the model entails and how it could benefit India’s entrepreneurs. What Is the Russian Startup Model? In Russia, the government has set up several startup townships, designed specifically to nurture innovation. These include Skolkovo near Moscow, Innopolis near Kazan, Zhigulevsk Valley Technopark, and Akademgorodok in Siberia. Startups in Russia register with the…
Zerodha, India’s largest discount brokerage firm, has reported an impressive 62% jump in profit for the financial year 2023-24, taking its earnings to Rs 4,700 crore. The company also achieved a 21% revenue increase, bringing the total to Rs 8,320 crore. CEO Nithin Kamath confirmed these results on 25th September, emphasizing the company’s consistent financial success. The firm continues to set a benchmark for the industry with robust growth in both revenue and profit. Operating Margin Hits 57%, Topping Global Companies Zerodha’s operating margin for FY24 reached an extraordinary 57%, outperforming several major global tech companies. When unrealized gains of…
The much-anticipated Initial Public Offering (IPO) of KRN Heat Exchanger kicked off on 25th September 2024, and it has already created a stir in the market. The IPO, open for subscription until 27th September, has witnessed an impressive rise in the Grey Market Premium (GMP), crossing 100% on its first day. With a total IPO size of Rs 341.5 crore, the company is offering fresh equity shares, setting a price band between Rs 209 and Rs 220 per share. Given the promising start and expert opinions from leading brokerage houses, many investors are wondering whether they should subscribe to this…
Zerodha, India’s top brokerage firm, is bracing for a significant decline in its earnings as new regulatory guidelines from the Securities and Exchange Board of India (SEBI) are set to take effect. According to Nithin Kamath, Zerodha’s CEO, these rules could severely impact the company’s revenue, with losses expected to range from 30% to 50%. The primary reason for this anticipated downturn is SEBI’s new regulatory measures, particularly the “True-to-Label” rule, which takes effect on October 1, 2024. In addition to this, a proposed framework for index derivatives could further tighten the situation for Zerodha in the coming months. Understanding…
In today’s fast-paced world, more people are seeking alternatives to traditional jobs and turning to business ventures for better financial security. If you’re one of them, here’s a business idea that can bring in significant earnings with a small investment—the flower business. Flowers are in constant demand, be it for daily puja, weddings, events, or festivals. The best part? This business can bring in high profits, especially during the festive season when demand surges. If you start it right, you can earn as much in two months as many make in a year. Starting Your Flower Business: What You Need…
The much-anticipated Uttar Pradesh International Trade Show (UPITS) is all set to begin on September 25, 2024, at the India Expo Center and Mart in Greater Noida. This exciting event, which will run until September 29, is a fantastic opportunity for visitors to explore a variety of exhibits and indulge in the vibrant cultural experience that Uttar Pradesh has to offer. Here’s everything you need to know about the trade show, including how to reach the venue, timings, and other essential details. No Entry Fee or Parking Charges Good news for all visitors—there are no entry fees for the UP…
New Delhi: The Securities and Exchange Board of India (SEBI) has approved two major companies, Hyundai Motors and food delivery giant Swiggy, for their initial public offerings (IPOs). Hyundai is gearing up to launch the biggest IPO in India’s history, valued at a whopping Rs 25,000 crore. This massive IPO is expected to hit the market as early as October, making it the largest since the LIC IPO of 2022. Hyundai’s Record-Breaking IPO Hyundai Motors India is all set to create a buzz with its upcoming Rs 25,000 crore IPO. As per the current information, Hyundai’s IPO will be carried…
New Delhi: Byju’s, India’s EdTech giant, is under significant legal pressure following a decision by the Delaware Supreme Court. The court has ruled against Byju in a case filed by its US-based lenders, claiming that the company defaulted on a $1.2 billion loan. However, Byju has assured that this ruling will not impact its ongoing legal proceedings in India. Background: The $1.2 Billion Loan Dispute Byju’s had raised a $1.2 billion ‘Term Loan B’ (TLB) through its parent company Byju’s Alpha, backed by institutional investors in the US. However, Byju’s lenders, represented by Glass Trust, alleged that the company defaulted…
Many international airlines offer in-flight Wi-Fi, making long journeys more comfortable for passengers. But if you’ve flown within India, you may have noticed that Wi-Fi is absent from most domestic flights. This begs the question: how exactly does Wi-Fi work on aeroplanes, and why isn’t it common in domestic Indian flights? How Does Wi-Fi Work on Planes? There are two main technologies used to provide Wi-Fi on aeroplanes: Air-to-Ground and Satellite Wi-Fi. Both systems work in different ways, but their goal is the same—offering passengers internet access even when thousands of feet in the air. While these technologies are increasingly…
China, a global leader in metal production, particularly in steel and aluminium, is facing economic challenges that have far-reaching effects. Producing over 1 billion tonnes of steel annually, China dominates with more than 50% of the world’s crude steel production. However, with its slowing economy, the steel industry is feeling the impact. This, in turn, is affecting steel prices globally, including in India, where domestic steelmakers are grappling with cheap Chinese steel imports. Economic Woes in China Slow Steel Consumption For years, China’s rapid industrialization, large infrastructure projects, and housing sector growth drove immense demand for steel. However, the country’s…