At the 7th JIIF Foundation day, Paytm founder Vijay Shekhar Sharma praised the Indian government for mainstreaming startups and driving the transition from the 'American dream' to the 'Indian dream'. Sharma declared it a "golden period" for Indian founders and entrepreneurs, where they have unprecedented opportunities to leverage technology and innovation. He also advised companies seeking to go public to not underestimate Indian bankers and to take into account the sentiments of domestic, retail investors through roadshows and communication in simple terms.
Vijay Shekhar Sharma Praises Government for Fostering Indian Entrepreneurship
At the 7th JIIF Foundation day, Paytm founder Vijay Shekhar Sharma hailed the Indian government for its role in promoting startups and encouraging the transition from the "American dream" to the "Indian dream."
Background
India has emerged as a global hub for startups in recent years, with initiatives such as the Start-up India program and Atal Innovation Mission playing a crucial role in nurturing young entrepreneurs. Paytm, founded by Sharma in 2010, has become one of the most successful Indian startups, revolutionizing digital payments and financial inclusion in the country.
Sharma's Comments
Sharma lauded the government's efforts to mainstream startups and create a favorable environment for innovation. He emphasized that Indian founders and entrepreneurs now have unparalleled opportunities to leverage technology and make a significant impact.
"This is a golden period for Indian founders and entrepreneurs," said Sharma. "We have the technology, the talent, and the support of the government. Now it's up to us to make the most of this opportunity."
Advice for Companies Seeking to Go Public
Sharma also shared his perspectives on companies planning to go public. He cautioned against underestimating the importance of Indian bankers and advised companies to prioritize the sentiments of domestic, retail investors.
"Don't underestimate the Indian bankers," said Sharma. "They have a deep understanding of the Indian market and can provide invaluable guidance. And never forget the retail investors. They are the ones who will ultimately determine the success of your IPO."
Top 5 FAQs
1. What is the "Indian dream"? The "Indian dream" refers to the aspirations of Indians for success, prosperity, and a better future within their own country.
2. How has the government supported startups in India? The government has introduced various initiatives to support startups, including tax breaks, funding programs, and mentorship opportunities.
3. What is Paytm known for? Paytm is a leading Indian digital payments and financial services company, known for its mobile wallet, payment gateway, and banking services.
4. What advice did Sharma give to companies seeking to go public? Sharma advised companies to prioritize the sentiments of domestic, retail investors and to engage with them through roadshows and clear communication.
5. What is the future of entrepreneurship in India? Sharma believes that India has enormous potential for entrepreneurship and that the future is bright for Indian founders and startups.
JTL Industries announced that its board has approved a proposal to split the company's equity shares, making them more affordable and accessible to small investors. The stock closed 0.42% lower on Thursday, with a market cap of Rs 4,437.98 crore. The division of shares is expected to be completed within two months, with the aim of increasing liquidity in the capital market. This is the second stock split for the company, which has seen a phenomenal rally of 88% in the last two years and a whopping 2773% in the last five years.
Prime Minister Narendra Modi released the 18th installment of PM Kisan Yojana during his visit to Maharashtra, with more than 9.4 crore farmers benefiting from over Rs 20,000 crore. This brings the total amount disbursed through the PM Kisan scheme to nearly Rs 32,000 crore for 1.20 crore farmers in Maharashtra alone. Additionally, the Prime Minister also announced the release of nearly Rs 2,000 crore for Maharashtra's farmers under the Namo Shetkari Mahasanman Nidhi Yojana. Farmers facing issues with the scheme can contact the PM Kisan helpline numbers for assistance, while staying updated on the latest business and stock market news on Zee Business's social media platforms and website.
Nissan Motor India introduces updated version of its compact SUV, the Magnite, in the Indian market with visual and interior enhancements. The prices, starting at Rs. 5.99 lakh, are valid for the first 10,000 customers and deliveries have already begun. The new Magnite features a more prominent front grille, revised bumper, new LED DRLs, new variant names, and refreshed interior design with ambient lighting and two-tone leatherette seats.
The highly anticipated Nissan Magnite facelift is set to launch in India with improved powertrain options and features. The entry-level XE and XL trim levels will not be affected by the changes, allowing for a lower starting price point. Early buyers of the facelifted model may receive delivery just one day after its launch. Additionally, the Magnite Geza Edition, with its turbo-CVT variant, offers a breath of fresh air to the lineup. With an introductory price of Rs 6.5 lakh, the Magnite AMT is India's most affordable automatic SUV, making it a popular choice among budget-conscious buyers.
A couple in Kanpur is accused of scamming people of over Rs 35 crore by promising to use an "Israel-made time machine" to make their skin look younger. The couple ran a therapy center called 'Revival World' and convinced people that the polluted air in the city was causing them to age faster. They charged Rs 90,000 for the "oxygen therapy" which they claimed could make a 60-year-old look like a 25-year-old. The shocking scam came to light after three individuals who were duped by the couple filed complaints with the Kanpur Police.
Despite attempting to absolve themselves of legal responsibility for child safety infractions by merging Twitter into X, Elon Musk's company is still facing a $400,000 fine for failure to comply with an investigation into the proliferation of child sexual abuse material on its platform. The presiding judge rejected X's argument that they had no obligation to respond to the notice, stating that under Nevada law, the merger turned Twitter into a "constituent entity" and transferred all of its liabilities to X. The judge also called out the company's expert witness for providing "superficial" and flawed testimony in an attempt to defend X's actions.
The International Olympic Committee has suffered a major blow as three of its Japanese sponsors – Toyota, Panasonic, and Bridgestone – have decided to not renew their contracts. This is believed to be a result of the controversies surrounding the postponed 2020 Tokyo Games, including fan bans, high costs, and corruption scandals. The IOC will now be looking to secure new sponsorship income from the Middle East and India, as it faces the loss of over $2 billion from these three companies alone.
Indian Bank has recently released the admit card for the online exam for the post of Local Bank Officer (LBO) on their official website indianbank.in. Candidates can now download their admit cards by following a few steps and entering their registration number and date of birth. This update is crucial for aspiring candidates looking for latest government jobs and exam preparation materials, which are available on the Jagran Josh Sarkari Naukri App.
Canara Bank, one of India's leading public sector banks, is seeking qualified candidates for the positions of Company Secretary (CS) in Middle Management Grade and Scale III. The bank has announced a total of six vacancies for this role, three in Middle Management Grade MMGS II and three in Scale III. Eligible candidates can apply online through the official website before October 20, 2024.
With over a decade of experience in renewable energy and sustainability, Litha Communications has announced its renewed focus on providing specialised public relations and media services for these sectors. The well-established media and events company aims to drive the just energy transition forward through strategic communications, comprehensive event management, specialized content creation, and stakeholder engagement. As the world moves towards a sustainable future, Litha Communications is poised to play a vital role in shaping the narrative and driving engagement in the energy and sustainability sectors.