Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Action film "<keyword id="19930293" type="General" weightage="20" keywordseo="Bade-Miyan-Chote-Miyan" source="keywords">Bade Miyan Chote Miyan</keyword>", starring <keyword id="19896353" type="General" weightage="20" keywordseo="Akshay-Kumar" source="keywords">Akshay Kumar</keyword> and <keyword id="19915804" type="General" weightage="20" keywordseo="Tiger-Shroff" source="keywords">Tiger Shroff</keyword>, and Ajay Devgn-led "<keyword id="20278357" type="General" weightage="20" keywordseo="Maidaan" source="keywords">Maidaan</keyword>" will now release on April 11, the makers have announced. The two films were earlier scheduled to be make their debuts in theatres on April 10 but as the festival of <keyword id="20481267" type="General" weightage="100" keywordseo="Eid" source="keywords">Eid</keyword> will be celebrated on April 11, the makers decided to shift the release. Akshay and Tiger shared the news of their film's new release on their respective Instagram pages on Monday evening. "Bade aur Chote aur poori 'Bade Miyan Chote Miyan' ki team ki taraf se aap sab ko advance mein Eid Mubarak. Dekhiye #BadeMiyanChoteMiyan on Eid with your entire family, now releasing on 11th April only in cinemas," read the post on Akshay's page. "Bade Miyan Chote Miyan" is directed by Ali Abbas Zafar of "Sultan" and "Bharat" fame, and produced by Pooja Entertainment in association with AAZ. The film, which also stars Prithiviraj Sukumaran, Manushi Chhillar and Alaya F, will see Akshay and Tiger perform death-defying stunts as they play two elite soldiers who embark on a mission to recover a stolen AI weapon. Devgn also announced that "Maidaan", a period sports biopic on Syed Abdul Rahim, will release on April 11. "Mark your calendars! #Maidaan release across cinemas in India on 10th April, with special previews starting 6pm onwards. Full scale release to follow on the <keyword id="743737" type="General" weightage="20" keywordseo="Eid-holiday" source="Orion">Eid holiday</keyword> on 11th April. Reserve your seats now," the actor posted. "Maidaan" is directed by Amit Sharma and produced by Boney Kapoor.

Akshay Kumar-Tiger Shroff starrer 'Bade Miyan Chote Miyan' and Ajay Devgn's 'Maidaan' to now release on April 11

<ul class="summary-list"><li>Malaysia's new king was appointed on Wednesday as part of the country's rotating monarchy. </li><li>The king and his family are worth an estimated $5.7 billion, Bloomberg reported.</li></ul>Malaysia has a new billionaire king who spends his fortune on vintage cars, motorbikes, private jets, and — apparently — exotic animals.Sultan Ibrahim Iskandar, 65, was <a target="_blank" href="https://www.businessinsider.com/malaysia-king-luxury-cars-army-ties-hitler-sultan-ibrahim-iskandar-2024-1">declared king</a> on Wednesday as part of the country's <a target="_blank" href="https://www.businessinsider.com/malaysia-crowns-new-king-under-system-where-9-families-take-turns-2019-1">rotating monarchy</a>. The unique system allows the hereditary rulers from Malaysia's nine royal families to rotate the rule of the monarch every five years.<div type="image" title="malaysian royals" height="1333" width="1777" msid="107369173" hostid="261" sizebytes="123392"></div>Sultan Ibrahim is head of the Johor royal family and is considered one of the country's wealthiest men.Unlike the British royals, who embrace the concept of <a target="_blank" href="https://www.marieclaire.com.au/fashion/british-quiet-luxury-aesthetic/">quiet luxury</a>, the Malaysian monarch regularly shows off his Ferraris and motorbike collection on social media.<h2>Private jets, motorbikes, and 300 luxury cars</h2><a target="_blank" href="https://www.bloomberg.com/graphics/2024-sultan-johor-malaysia-new-king/">Bloomberg</a> made a conservative estimate that the Johors are worth around $5.7 billion.That's partly due to the family's $1.1 billion investment portfolio, which includes $105 million worth of investments in public companies, $483 million worth of investments in private companies, and various real-estate projects.Sultan Ibrahim isn't afraid to <a target="_blank" href="https://www.businessinsider.com/loud-luxury-items-popular-designer-brands-2024-1">make his wealth known</a>. You just have to look at his TikTok and Facebook accounts, where he posts photos and videos of his <a target="_blank" href="https://www.tiktok.com/@theroyaljohor/video/7261976217627200770">motorbike</a> and <a target="_blank" href="https://www.tiktok.com/@theroyaljohor/video/7253627073187597575?fbclid=IwAR1nhc7K1pYidUgOFid89ibCIU2DxPECb3G0L6x83CaEtN83TK85iuKmGlw">luxury car collections</a>, which include a 1980s <a target="_blank" href="https://www.tiktok.com/@theroyaljohor/video/7253056683860151559?fbclid=IwAR1nhc7K1pYidUgOFid89ibCIU2DxPECb3G0L6x83CaEtN83TK85iuKmGlw">Ferrari Testarossa </a>and a <a target="_blank" href="https://www.facebook.com/officialsultanibrahim/photos/a.458865980946767/464314363735262/?type=3&amp;locale=ms_MY">bright-pink Rolls Royce</a>.<div type="image" title="malaysia palace" height="1333" width="2000" msid="107369175" hostid="261" sizebytes="328442"></div>Altogether, the king has 300 luxury vintage cars, including a 1936 Mercedes 540 that once belonged to Adolf Hitler.In a resurfaced 2013 interview <a target="_blank" rel=" nofollow" href="https://www.youtube.com/watch?v=ZjLeIb-cr9E">posted to YouTube in 2017</a>, Sultan Ibrahim said he inherited the car from his great-grandfather, who was given the car by Hitler, a family friend.In addition, he has a collection of private jets, including three Gulfstreams and a gold-and-blue Boeing 737.<a target="_blank" href="https://timesofindia.indiatimes.com/world/rest-of-world/who-is-sultan-ibrahim-sultan-iskandar-of-johor-the-next-king-of-malaysia/articleshow/104746096.cms?from=mdr&amp;utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst">The Times of India</a> reported that the king also owns several exotic animals, such as tigers, lions, and crocodiles.And despite their celebrity status, Sultan Ibrahim and his family appear to enjoy dining at local restaurants. In May 2023, a <a target="_blank" href="https://www.tiktok.com/@theroyaljohor/video/7200967689341308187?fbclid=IwAR1nhc7K1pYidUgOFid89ibCIU2DxPECb3G0L6x83CaEtN83TK85iuKmGlw">video</a> posted to the Johor royal family's TikTok account showed them dining at Istanbul Turkish Cuisine, a <a target="_blank" href="https://www.instagram.com/p/Cs1AmxDJJi4/?hl=en">reservations-only</a> restaurant in Horizon Hills, Johor.Meanwhile, <a target="_blank" rel=" nofollow" href="https://www.theguardian.com/world/2024/jan/31/new-king-of-malaysia-crowned-sultan-ibrahim-sultan-iskandar-">The Guardian</a> reported that the king is known for his charitable work. He was previously known to have taken trips around Johor in his Harley-Davidson, where he handed out money to the less fortunate, according to the publication. How much of his wealth he gives to charity, however, is unknown.<h2>A businessman and real-estate mogul</h2>When he isn't undertaking royal duties, Sultan Ibrahim is a businessman known for investing in private companies and real-estate.According to Bloomberg, he owns just under a quarter of U Mobile, one of Malaysia's largest cellphone providers and a 40 percent stake in Maharani Energy Gateway, an oil and gas company in Johor.Entrepreneurial ambition seems to run in the family. The king's eldest son, Tunku Ismail the Crown Prince of Johor, <a target="_blank" href="https://www.nst.com.my/sports/football/2024/01/1005139/tmj-vows-continue-killing-malaysian-football">owns Johor-based soccer club Johor Darul Ta'zim</a>. The Crown Prince also has the title of <a target="_blank" href="https://www.facebook.com/photo/?fbid=925760875574769&amp;set=a.277366897080840">regent</a>, meaning he can step in for his father when he is unable to perform his role.<h2>Money is power</h2>The family's money stretches beyond Malaysia and into Singapore.Bloomberg reported that Sultan Ibrahim owns $4 billion worth of land in the country, including Forest City, a luxury compound that's being built on man-made islands off the coast of Singapore.When completed, the development is estimated to be half the size of Manhattan and could cost around $100 billion, the publication said.In a recent interview with <a target="_blank" href="https://www.straitstimes.com/asia/se-asia/no-puppet-king-sultan-of-johor-set-to-voice-his-views-as-malaysia-s-next-monarch">The Straits Times</a>, the king unveiled plans to privately restore a high-speed railway line between Singapore and Kuala Lumpur, Malaysia's capital.The project was previously fronted by the Malaysian and Singapore governments, but was shelved in 2021 due to the expensive cost. According to Bloomberg, it was estimated to cost 100 billion Ringgit, or around $21.2 billion.<div type="image" title="King of Malaysia Sultan Ibrahim Iskandar and Malaysia's Prime Minister Anwar Ibrahim" height="1333" width="1777" msid="107369177" hostid="261" sizebytes="189778"></div>"It helps when you have a monarch who has a very good relationship with Singapore," Khairy Jamaluddin, a former cabinet minister in Malaysia, told Bloomberg."That relationship has to be elevated in the next few years for us to really present Malaysia and Singapore as a seamless market."The scope of the king's wealth matters, particularly when it comes to business dealings that would benefit citizens of both countries, such as the railway development. If followed through, the project would help maintain the royal family's good public standing during a period of political instability in Malaysia.Former King Abdullah Ahmad Shah had to intervene in government proceedings multiple times during his reign. He appointed three prime ministers, twice after the government collapsed, and more recently after an inconclusive election result in November 2022, Bloomberg reported.Nonetheless, it's worth noting that Sultan Ibrahim and the Johor family's business dealings appear to contradict the country's constitution, which states that the king "shall not actively engage in any commercial enterprise," according to Bloomberg.The country's former Prime Minister Mahathir Mohamad has openly criticized the family, saying they shouldn't be involved in business dealings because of the unfair influence it would have on the Malaysian people, Bloomberg said."Unfortunately, the Malays cannot say no to their rulers. Their culture is such that if the rulers want to do something, whatever the constitution or the law may say, they cannot say no," he said, according to the publication.The Johor royal press office did not respond to a request for comment.

Malaysia's new king has a $5.7B family fortune. Here's how he spends his money.

<ul class="summary-list"><li>Tiger Woods's <a href="https://www.insider.com/tiger-woods-responds-to-ex-girlfriend-erica-herman-breakup-lawsuit-2023-3">ex-girlfriend Erica Herman</a> claims he evicted and abused her, but she has an NDA.</li><li>Woods's desire for privacy has come up in tabloids, court filings, even the name of his yacht.</li></ul>When security guard John Davis slipped on some stairs at a Florida mansion in 2010 and hurt his knee, he filed a lawsuit. The defendant, Christopher Hubman, wasn't a name most people would recognize.But to people who knew Hubman's role as the trusted lieutenant of golf superstar Tiger Woods, the real target of the lawsuit was obvious: Woods himself, whose net worth at the time had just surpassed half a billion dollars. Even though Davis was injured at Woods's mansion, Hubman handled the suit as an officer of the trust controlling the estate, and everyone in the case took pains to play down the connection. At one point in a deposition, Davis referred to a witness as "Tiger's personal assistant," before catching himself — "Oh," he said. "She's the client's personal assistant."Davis wasn't the first person asked to keep Tiger Woods's name out of his mouth, and according to a $30 million lawsuit filed earlier this month by <a href="https://www.insider.com/tiger-woods-girlfriend-erica-herman-2022-4">Woods's ex-girlfriend Erica Herman</a>, he wasn't the last.Herman is suing to nullify a nondisclosure agreement she signed in 2017 while dating Woods, with her legal filings citing laws that allow people with allegations of sexual abuse to invalidate such contracts. Her lawyers are arguing that the agreement needs to be scrapped to proceed with another suit against Woods, related to her claim that Woods used a ruse to wrongfully evict her from his house. As it stands, the agreement is so broad, her lawyers said in a filing, that she is "unsure what other information about her own life she may discuss, or with whom." The battle over <a href="https://www.insider.com/tiger-woods-ex-argues-nda-is-invalid-citing-sexual-harassment-assault-laws-2023-3">Herman's NDA</a> is a window into Woods's longtime obsession with privacy. In both public statements and personal dealings, he has repeatedly sought to limit and control what people know about the real life of the world's most famous golfer — leveraging legal barriers, financial trusts and his immense wealth to keep things quiet. Even his former personal chef has an NDA. As public scrutiny and tabloid speculation intensify around Woods once again, the carefully constructed walls around his private life face arguably their biggest test since the infidelity scandal that imploded his public image and professional career over a decade ago.<h2>Tiger Woods doubles down on privacy</h2>Woods built his brand in the late 1990s and early 2000s on the carefully crafted image of a clean-living athlete, armed with a thousand-watt smile and the ability to turn golf tournaments into must-see TV. His winnings on tour and prolific sponsorship deals netted him hundreds of millions of dollars, with his spotless public persona making him ideal for marketers. But Woods's reputation came crashing down in 2009, after The National Enquirer and Us Weekly reported that he'd had affairs with two women during his marriage to Elin Nordegren. The reports sparked a tabloid frenzy. Dozens more women came forward claiming to have had affairs with the golfer, and Woods ultimately sought treatment for sex addiction as his marriage to Nordegren crumbled.The media fracas appeared to prompt him to clamp down on control of his private life, already well-guarded behind trusts and the threat of litigation. Woods reportedly made at least two of his former girlfriends sign NDAs. Woods's desire for privacy has seemingly informed much of the way he conducts his life. He previously lived in a <a href="https://www.insider.com/tiger-woods-ex-wife-elin-nordegren-selling-florida-mansion-2018-3">Florida enclave</a> so exclusive that Time magazine reported <a href="https://content.time.com/time/nation/article/0,8599,1943684,00.html" target="_blank" rel="noopener">even police officers</a> had to ask permission to enter. At one Georgia golf club, Woods requested a locker near the back stairwell so he could escape attention, The Atlanta Constitution reported in 2000. He lambasted the owner of a South African game reserve for publicizing his marriage proposal to Nordegren. <div type="image" title="tiger woods yacht privacy" height="672" width="895" msid="98637816" hostid="261"></div>His attempts at a private life have also repeatedly run up against the realities of fame, and at times prompted litigation. Woods named his $20 million superyacht "Privacy," but even before the boat's completion in 2004 he sued the builder for using his name and photos in promotional material without authorization. Woods has also excoriated the press for digging into his private life."Personal sins should not require press releases," he said during his divorce from Nordegren. "Problems within a family shouldn't have to mean public confessions." <h2>Woods has a history of NDAs</h2>Woods has managed to stage an improbable comeback in recent years both on and off the golf course. Although he lost some sponsorship deals after the infidelity scandal, his personal wealth ultimately swelled to an <a href="https://www.insider.com/tiger-woods-net-worth-wife">estimated net worth</a> of over $1 billion last year, according to Forbes. Herman's steady presence at Woods's side in recent years has also helped rehabilitate his image, as Woods overcame injuries to rise once again to the top of the golf world and regain a measure of control over his public relations. But a new law that invalidates certain nondisclosure agreements where a signer claims sexual harassment or assault may help penetrate Woods's thick legal armor. Herman is asking that her nondisclosure agreement be invalidated on these grounds.Woods's lawyers filed a response on Monday to the suit that disputed the allegations and stated Herman "is a not a victim of sexual assault or abuse sought to be protected by Congress when enacting the statute."Attorneys for Woods and Herman did not respond to Insider's requests for comment.Herman's three-page NDA, filed by Woods's lawyers, is mostly blacked out. The only section that's not redacted says that any disputes about it have to be resolved privately.<div type="image" title="erica herman and tiger woods" height="2776" width="3701" msid="98637817" hostid="261"></div>Other women who have been in relationships with Woods also signed NDAs. <a href="https://www.insider.com/tiger-woods-failed-to-hide-affair-from-wife-2021-1">Rachel Uchitel</a>, who was dating Woods while he was married to Nordegren, struck an $8 million deal to keep quiet.But the sweeping nondisclosure agreement she signed went far beyond the details of her affair, The New York Times <a href="https://www.nytimes.com/2021/08/09/style/rachel-uchitel-tiger-woods-nda.html" target="_blank" rel="noopener">reported</a> in 2021. The NDA barred Uchitel from discussing "directly or indirectly, verbally or otherwise" Woods's "lifestyle, proclivities, customs, private conduct, fitness, habits, sexual matters, familial matters" and other topics with more or less anyone: "family members, relatives, acquaintances, friends, associates, co-workers, journalists." The agreement even prohibited her from acknowledging she had signed an NDA."This is someone who everyone wants to be a hero," Uchitel told The New York Times of Woods, "and anyone who crosses that narrative will be shamed."Woods's team, though, ultimately only paid Uchitel $5 million of the $8 million they'd initially agreed upon, alleging that she had violated the terms of the NDA. In 2020, Uchitel filed for bankruptcy. In 2018, celebrity news website TMZ <a href="https://www.tmz.com/2018/04/02/tiger-woods-kristin-smith-breakup/" target="_blank" rel="noopener">reported</a> that Kristin Smith, who was reportedly in a relationship with Woods around the same time he began dating Herman, was also threatened with legal action related to an NDA.Woods's bubble has been pierced on occasion. In 2012, his former coach Hank Haney wrote a tell-all book. A <a href="http://www.espn.com/espn/feature/story/_/id/15278522/how-tiger-woods-life-unraveled-years-father-earl-woods-death" target="_blank" rel="noopener">2016 ESPN profile</a> described how Woods, a longtime military obsessive, spent days doing training exercises with Navy SEALs. During one firearms course, Woods ended up shooting a target of a person with a camera intended to simulate a civilian bystander, then cracked a joke about how much he hated photographers. Often, though, Team Tiger locks things down. In October 2021, exhibits and transcripts were sealed in an unsuccessful case brought by the family of an employee at Tiger Woods's restaurant who died in a drunk driving incident. One of the depositions was of Herman, who was then a manager at the restaurant. A judge ultimately ruled that Woods and the restaurant could not be held responsible for the employee's death.Earlier this week, when Insider called Matthew Byrne, Woods's former personal chef, he said he couldn't talk. "I'm on an NDA," he said. "I have nothing to say."<h2>Celebrities turn to NDAs in private life</h2>Woods isn't the only celebrity to make heavy use of NDAs. Buzzfeed <a href="https://www.buzzfeednews.com/article/hallielieberman/celebrity-gossip-sex-scandal-ndas" target="_blank" rel="noopener">reported</a> in 2021 that actors, athletes and other celebrities – women and men – required sexual partners to agree to say nothing about their encounters. One unnamed actor reportedly tried to make a woman sign an NDA after they had drunk alcohol and done cocaine together. Charlie Sheen reportedly made sexual partners sign NDAs that provided for $100,000 in damages if they were violated. (Sheen's representatives told Buzzfeed that "Charlie doesn't require NDAs.") Donald Trump famously paid Stormy Daniels to keep quiet about an affair that he has <a href="https://www.businessinsider.com/stormy-daniels-donald-trump-admit-affair-accidentally-2023-2">denied</a> took place. Revelations of the use of NDAs by Hollywood mogul Harvey Weinstein, actor Bill Cosby, and Fox News host Roger Ailes to force women they abused to keep quiet formed the context for lawmaker's passage last year of the Speak Out Act, a law cited by Herman's lawyers.Woods has cast his intense desire for privacy as an outgrowth of his natural shyness. At the height of "Tigermania" in the early 2000s, Woods could barely step outside without causing chaos. By then, Woods had been an object of public fascination nearly his entire life: His father, Earl Woods, began taking Woods on television to show off his golf prowess when he was just two years old.<div type="image" title="Tiger Woods house" height="450" width="600" msid="98637818" hostid="261"></div>Appearing on the Oprah Winfrey Show in 2001, after winning his second Masters tournament at age 26, Woods explained that off the golf course, he loathed public attention. Of his then-ascendant fame, "I honestly don't feel comfortable with it," he said. But Woods also has a financial stake in protecting his image. When Woods's cheating on his wife came to light, his reputation took a hit. He lost lucrative sponsorships from Gatorade and AT&amp;T, among others. Among sportscasters there was widespread speculation that the scandal damaged his mental game and knocked him off leaderboards for years.But Woods recovered financially as he returned to golf. Despite a succession of injuries that impaired his performance, his wealth only grew as he signed new sponsorship deals with companies including Rolex, Monster Energy, and Bridgestone Golf. Even a 2017 DUI, which Woods said was related to treatment for back pain, seemed to not tarnish his return to the public eye. Herman has been an essential part of Woods's rehabilitated image. She's appeared at his side on the golf course and at the White House when he was awarded the Presidential Medal of Freedom in 2019. Tabloids wrote glowing profiles of the couple's relationship; as recently as last year, OK <a href="https://okmagazine.com/p/tiger-woods-erica-herman-spark-engagement-rumors/" target="_blank" rel="noopener">speculated </a>that Woods and Herman would soon marry.The two met when Herman was in college in the mid-2000s and working at the Blue Martini Lounge in Palm Beach Gardens, where Woods was a regular, Page Six reported.Before she became a manager at Woods's upscale Florida steakhouse, The Woods Jupiter, Herman owned an Orlando restaurant, Aura Bar, with two business partners. The restaurant was short-lived, and its online presence is sparse. But it appears to have attempted to woo the golf crowd: Far and away the most photos on Aura's Facebook page come from a party held at the 16th hole of the 2011 Arnold Palmer Invitational – where staff were watching Tiger Woods.When Woods's image imploded in 2009, he used nondisclosure agreements to stanch the gush of details about his personal life into the media. But since then, public tolerance for stars' sweeping use of NDAs to prevent reports of their misdeeds from emerging has waned. Now, Woods is finding that the tool he once relied on to protect himself from scrutiny is having the opposite effect of sparking questions about what he may have to hide.

A superyacht named "Privacy" and an NDA for his personal chef: Tiger Woods longtime obsession with keeping his life private

When the <keyword id="6662033" type="UNKNOWN" weightage="100" keywordseo="Big-Cats">big cats</keyword> world over are fast losing their <keyword id="1342788" type="UNKNOWN" weightage="100" keywordseo="natural-habitat">natural habitat</keyword>, it is heartening to see one Indian state setting up a new home for this endangered species. <keyword id="13126" type="COMPANY" weightage="100" keywordseo="Maharashtra">Maharashtra</keyword> will soon be home to the state’s fifth <keyword id="51012" type="ORGANIZATION" weightage="100" keywordseo="tiger-reserve">tiger reserve</keyword> if it gets approval from the <keyword id="49041" type="ORGANIZATION" weightage="100" keywordseo="National-Tiger-Conservation-Authority">National Tiger Conservation Authority</keyword>, a senior official said in Mumbai. There are already four tiger reserves in the state including <keyword id="6416868" type="COMPANY" weightage="100" keywordseo="Melghat">Melghat</keyword>, <keyword id="6364430" type="UNKNOWN" weightage="100" keywordseo="Tadoba">Tadoba</keyword>, <keyword id="378980" type="COMPANY" weightage="100" keywordseo="Pench">Pench</keyword> and <keyword id="305828" type="ORGANIZATION" weightage="100" keywordseo="Sahyadri">Sahyadri</keyword>. 
 The sanctuary identified for the new tiger project is located at <keyword id="1957392" type="UNKNOWN" weightage="100" keywordseo="Nagzira-Navegaon">Nagzira-Navegaon</keyword> – lying between Bhandara and Gondia districts. Earlier, <keyword id="1957393" type="UNKNOWN" weightage="100" keywordseo="Nagzira-sanctuary">Nagzira sanctuary</keyword> spanned some 150 sq km while the <keyword id="131360" type="UNKNOWN" weightage="100" keywordseo="Navegaon-National-Park">Navegaon National Park</keyword> covered 130 sq km. With the upcoming tiger habitat in view, the entire area has been increased to 700 sq km, principal secretary (forests) Praveen Pardeshi told the media. 
 Some big cats housed in Tadoba often wander outside the core area and these will be moved to the <keyword id="612932" type="UNKNOWN" weightage="100" keywordseo="Nagzira-Navegaon-tiger-reserve">Nagzira-Navegaon tiger reserve</keyword>. There are more than 100 tigers in Tadoba while Nagzira alone shelters some 20 tigers. 
 As per the latest data, the average number of tigers in Maharashtra grew from 103 in 2006 to 168 in 2011. Other states like Kerala, <keyword id="20154" type="ORGANIZATION" weightage="100" keywordseo="tamil-nadu">Tamil Nadu</keyword>, Karnataka, <keyword id="6354915" type="CITY" weightage="100" keywordseo="Assam">Assam</keyword> and the Western Ghats region also saw a rise in number, according to new surveys conducted via camera traps. 
 India is home to the world’s largest population of wild tigers and the number stood at 1,706 according to the last census in 2011 (ranging between a minimum of 1,571 and a maximum of 1,875 across 17 Indian states). In a bid to boost the <keyword id="110107" type="UNKNOWN" weightage="100" keywordseo="tiger-population">tiger population</keyword>, the central government gave in-principle approval for the creation of five <keyword id="1186294" type="UNKNOWN" weightage="100" keywordseo="new-tiger-reserves">new tiger reserves</keyword> in 2012. These include <keyword id="42865" type="PERSON" weightage="100" keywordseo="Pilibhit">Pilibhit</keyword> (<keyword id="6357713" type="COMPANY" weightage="100" keywordseo="Uttar-Pradesh">Uttar Pradesh</keyword>), <keyword id="1089395" type="UNKNOWN" weightage="100" keywordseo="Ratapani">Ratapani</keyword> (<keyword id="6355554" type="COMPANY" weightage="100" keywordseo="Madhya-Pradesh">Madhya Pradesh</keyword>), <keyword id="191956" type="COMPANY" weightage="100" keywordseo="Sunabeda">Sunabeda</keyword> (<keyword id="6357961" type="CITY" weightage="100" keywordseo="Odisha">Odisha</keyword>), <keyword id="1957401" type="UNKNOWN" weightage="100" keywordseo="Mukundara-Hills">Mukundara Hills</keyword> (<keyword id="6355588" type="ORGANIZATION" weightage="100" keywordseo="Rajasthan">Rajasthan</keyword>) and <keyword id="119091" type="CITY" weightage="100" keywordseo="Sathyamangalam">Sathyamangalam</keyword> (Tamil Nadu). The proposed Mukundara Hills Tiger Reserve constitutes three wildlife sanctuaries including Darrah, Jawahar Sagar and Chambal. 
 India is also planning to set up an all-new tiger sanctuary inside the <keyword id="63330" type="CITY" weightage="100" keywordseo="Sundarbans">Sundarbans</keyword>, <keyword id="1957403" type="UNKNOWN" weightage="100" keywordseo="Worlds-largest-mangrove-forest">world’s largest mangrove forest</keyword> which straddles the border of <keyword id="6357783" type="CITY" weightage="100" keywordseo="West-Bengal">West Bengal</keyword> with <keyword id="6354759" type="COUNTRY" weightage="40" keywordseo="Bangladesh">Bangladesh</keyword>. The Sundarbans, a <keyword id="6383012" type="ORGANIZATION" weightage="100" keywordseo="Unesco-World-Heritage-Site">UNESCO World Heritage Site</keyword> spanning some 10,000 sq km, already houses a tiger reserve but a second one could be coming up to accommodate the increasing tiger population in that region. 
 
With input from agencies 
Image: Wikipedia

Soon, Big Cats Will Find A New Home At Nagzira-Navegaon In Maharashtra

The Festival of Light had come and gone, and we certainly hope you enjoyed your Diwali with lights and bangs. But now that it’s over, many of us are already busy on the Web, trying to chalk out some never-before holiday plans. Before you finalise destinations and dates, here’s a look at the most mesmerising train journeys across an incredible India that will keep you spellbound even before you reach the vacation spot. 
 Last month, we brought our readers a list of most <keyword id="1943444" type="UNKNOWN" weightage="100" keywordseo="Scenic-train-rides">scenic train rides</keyword> through the mountains. And this time around, we take you on a <keyword id="6374782" type="UNKNOWN" weightage="100" keywordseo="journey">journey</keyword> through India’s heartland as the sweeping plains, emerald forests, golden deserts and hilly terrains chug past you at a relaxed pace. Whether you are travelling in 5-star cabins or a rickety carriage, nothing can beat the unique experience these rail rides offer to soak up the atmosphere, enjoy the views and be a part of the untravelled India you have never seen before. 
 
Image: Wikipedia

Chugging Along: 9 Picturesque
Train Rides Into The Heartland Of India

<ul><li>Zomato launched the IPO with a price band of ₹72-76.</li><li><keyword id="119846" type="ORGANIZATION" weightage="20" keywordseo="qualified-institutional-buyers">Qualified Institutional Buyers</keyword> bid for 2,013 crore shares.</li><li>It had raised ₹4,197 crore from 186 anchor investors on Tuesday. </li></ul>Food delivery firm Zomato launched its much-awaited initial public offering (IPO) on Wednesday, and it has been oversubscribed by 38 times. By 5 p.m., on July 16, the issue had attracted bids for 2,751 crore compared to the issue size of 71.9 crore shares. According to BSE data, the shares allocated for the Qualified Institutional Buyers (QIBs) bid for 2,013 crore shares. This is 51 times higher than 38.8 crore Zomato had reserved for this segment. The shares allocated for non-institutional investors were subscribed by 32 times and shares meant for employees were subscribed by 62%. Retail Individual Investors (<keyword id="106115" type="PERSON" weightage="20" keywordseo="Rii">RII</keyword>) subscribed to 96 crore shares, which was seven times of the issue size of 12.9 crore shares. Zomato had raised<a href="https://www.businessinsider.in/business/startups/news/zomato-raises-4197-crore-from-186-anchor-investors-oversubscribed-by-35-times/articleshow/84399035.cms"> ₹4,197 crore</a> from 186 anchor investors on Tuesday, July 13. Reports suggest that the issue got about 30-35 times more bids from anchor investors than it intended to sell in the first place. The company had allotted 55.22 crore equity shares to these anchor investors for ₹76 per equity shares. Several marquee investors were allotted more than 2% of the anchor book. This included the Government of Singapore, Morgan Stanley Investment Fund, <keyword id="11633263" type="UNKNOWN" weightage="20" keywordseo="tiger-global-investment-fund">Tiger Global Investment Fund</keyword>, Baillie Gifford Pacific Fund, Fidelity Fund, New World Fund, Canada Pension Plan Investment Fund and Kotak Flexi Cap Fund. The food aggregator business intended to raise ₹9,375 crore with this IPO. About ₹9,000 crore will be a fresh issue and ₹375 crore will be a secondary issue by InfoEdge. The company will open its IPO for retail investors on Wednesday, July 14, at 10 a.m., at a price band of ₹72-76. SEE ALSO <a href="https://www.businessinsider.in/tech/news/amazon-acquires-facebooks-satellite-internet-team-bolstering-its-efforts-to-compete-with-spacex/articleshow/84395065.cms">Amazon acquires Facebook's satellite internet team, bolstering its efforts to compete with SpaceX</a> <a href="https://www.businessinsider.in/business/startups/news/softbank-swiggy-deals-gets-cci-approval-two-days-before-zomato-ipo/articleshow/84347306.cms">SoftBank-Swiggy deal gets CCI approval, two days before Zomato IPO</a> <a href="https://www.businessinsider.in/business/startups/news/payments-firm-mobikwik-files-for-1900-crore-ipo-reportedly-to-seek-1-billion-valuation/articleshow/84347520.cms">Payments firm MobiKwik files for ₹1,900 crore IPO, reportedly to seek $1 billion valuation</a>

Zomato IPO gets oversubscribed by 38 times

<ul class="summary-list"><li>Hedge-fund <keyword id="25931" type="COMPANY" weightage="60" keywordseo="billionaire">billionaire</keyword> <a href="https://www.businessinsider.com/billionaire-julian-robertsons-tiger-network-spans-hundreds-of-funds-2019-11">Julian Robertson</a> received a total of $1.2 million NZ ($800,000 USD) from the <keyword id="22501" type="COUNTRY" weightage="60" keywordseo="New-Zealand">New Zealand</keyword> government to pay employees at his luxury resorts.</li><li>Not unlike the <a href="https://www.businessinsider.com/what-it-means-employer-received-paycheck-protection-program-loan-2020-5">Paycheck Protection Program</a> that helps American businesses affected by the coronavirus crisis, New Zealand's wage subsidy has been hit by allegations of fraud and <a href="https://www.businessinsider.com/trump-donor-paid-trump-fundraisers-to-lobby-for-trump-bailout-2020-4">favoring large businesses</a>. </li><li>Robertson has amassed a <a href="https://www.forbes.com/profile/julian-robertson-jr/#104cce2c441e">$4.4 billion fortune</a> running hedge fund <a href="https://www.businessinsider.com/family-tree-shows-how-many-tiger-cub-hedge-funds-there-are-2019-12">Tiger Management</a>.</li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>A billionaire former hedge-fund manager took hundreds of thousands of dollars from New Zealand's government to pay the staff at the luxury resorts he owns there, data from <a href="https://www.msd.govt.nz/about-msd-and-our-work/newsroom/2020/covid-19/covid-19-wage-subsidy-employer-search.html">New Zealand's Ministry of Social Development</a> shows.<keyword id="295170" type="PERSON" weightage="60" keywordseo="Julian-Robertson">Julian Robertson</keyword>'s <a href="https://www.businessinsider.com/hedge-fund-billionaire-luxury-golf-trip-new-zealand-tiger-tour-2017-11">luxury resorts and golf courses</a> received more than $1.2 million NZ ($800,000 USD) in aid to help them pay their staff as <a href="https://www.businessinsider.com/us-hospitality-tourism-job-postings-on-indeedcom-down-over-60-2020-4">tourism came to a grinding halt</a> amid the coronavirus pandemic. Like the <a href="https://www.businessinsider.com/large-companies-returning-small-business-paycheck-protection-program-loans-2020-4">Paycheck Protection Program</a> in the United States, New Zealand's wage subsidies scheme has been criticized for <a href="https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&amp;objectid=123306540654">giving funds to larger businesses</a> that could survive without government aid.An investigation by the Ministry of Social Development found that some recipients of the subsidies withheld the money from the unemployed workers for which it was destined, <a href="https://www.theguardian.com/world/2020/apr/24/new-zealand-pay-subsidy-scheme-hit-reports-firms-pocketing-cash">The Guardian</a> reported. Robertson's properties have not been accused of misusing the funds.A representative for Robertson did not respond to Business Insider's request for comment on the subsidies or how they will be used. A spokeswoman for Robertson told New Zealand news site <a href="https://www.stuff.co.nz/business/industries/121423213/coronavirus-us-billionaires-companies-claim-nearly-13m-in-wage-subsidies-to-pay-luxury-resorts-and-winery-staff">Stuff.co.nz</a> that Robertson's businesses had drawn (and continued to draw) from their cash reserves. "Our staff are an important asset, and the New Zealand Government's wage subsidy helps protect them," the spokeswoman told the outlet. The properties that received funds include the Kauri Cliffs golf course and lodge where <a href="https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&amp;objectid=120169046904">former President Barack Obama played</a> during a visit to New Zealand in 2018. Rooms at that resort start at $1,730 NZ ($1,060 USD), according to its <a href="https://www.robertsonlodges.com/the-lodges/kauri-cliffs">website</a>. Three other properties owned by Robertson also benefited from the subsidies, covering 187 total employees, according to <a href="https://www.msd.govt.nz/about-msd-and-our-work/newsroom/2020/covid-19/covid-19-wage-subsidy-employer-search.html">New Zealand's Ministry of Social Development</a> database.Robertson is the sole owner of the resorts, according <a href="https://www.stuff.co.nz/business/industries/121423213/coronavirus-us-billionaires-companies-claim-nearly-13m-in-wage-subsidies-to-pay-luxury-resorts-and-winery-staff">Stuff.co.nz</a>, which first reported that Robertson's companies had received government subsidies. The 87-year-old billionaire is estimated to have a net worth of more than $4 billion from running hedge fund Tiger Management between 1980 and 2000, per <a href="https://www.forbes.com/profile/julian-robertson-jr/#104cce2c441e">Forbes</a>.Read the original article on <a href="https://www.businessinsider.com/billionaire-julian-robertson-took-nz-aid-pay-luxury-resort-staff-2020-5">Business Insider</a>

American billionaire hedge-fund manager Julian Robertson took $800,000 in COVID-19 aid from New Zealand's government to pay the staff at his luxury resorts

<keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>, the poster child of the Indian startup ecosystem, was devalued for the seventh time in January 2017, by <keyword id="4205639" type="UNKNOWN" weightage="20" keywordseo="fidelity-partners">Fidelity Partners</keyword>. At a $5.56 billion valuation, Flipkart’s shares were valued at $52.13 in November 2016, down by 36.1 percent from $81.55 per share as of August 2016. The domino effect hit the cab aggregator <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> next with the US-based investment firm <keyword id="4205636" type="UNKNOWN" weightage="20" keywordseo="vanguard-world-fund">Vanguard World Fund</keyword> marking down Ola by over 40 percent. 
 According to their regulatory filing with the <keyword id="108474" type="ORGANIZATION" weightage="20" keywordseo="US-Securities-and-Exchange-Commission">US Securities and Exchange Commission</keyword>, the current valuation for Ola is now $3 billion, with its shares dropping from $311.27 per share in the previous quarter to $182.70 apiece. During their peak, Ola had raised $500 million at a valuation of $5 billion. 
 That’s not all. According to reports, e-commerce giant <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> is reportedly looking at raising funds at a lower valuation of $4 billion. At their last fundraising round, they raised $200 million at a valuation of $6.5 billion. 
 
Valuations are normally decided according to a company’s market share, its gross margins, and its rate of growth, among other factors, but is anyone talking about the elephant in the room? Does a number decide a company’s worth or does the mettle lie someplace else? 
 
What’s The Big Deal about Valuations? 
 
While Valuations and devaluations are part of the game, they are a mix of market environment, risk appetite, a fund manager’s biases, hot new trends, fear of missing out, the multiples comparable are commanding, and of course, expected cash flows and margins. 
In 2015, we lauded the entry of Flipkart, Ola and Snapdeal in the Unicorn club. The first quarter of 2015 saw over $1.7 billion funding in start-ups and all we hear now are downturns with reality hitting the magic creatures to the ground and forcing them to compete in a horse race for fund-raising. 
 
<a href="http://www.businessinsider.in/heres-how-uber-is-letting-you-earn-from-its-platform-uberdost/articleshow/57083396.cms">ALSO READ: Here's how Uber is letting you earn from its platform 'UberDost'</a> 
 
While there were muffled concerns of profitability and unit economics, the dynamics took a harder turn when in the middle of 2016 the world economic dynamics shifted. 
 
Suddenly, the pouring funding started slowing down, news of firing rounds, internal tiffs, and investor involvement began to cloud the startup skyline. 
 
Now the lauded valuations started to seem bloated and overhyped, and the cost-cutting started and it doesn’t seem to end. 
 
 
 
 
The secret is in the Business Model 
 <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword>, while digging deeper into factors ailing the startup ecosystem in India, realized that business models had to be one of the core ingredients to a startup’s success or failure. So, we got in touch with key players, notable investors and successful companies that had a say in the functions of the industry. 
 
What clearly emerged was that there were mainly three business models that most start-ups and unicorns, followed in India- 
 
1) Cut prices to gain industry share and chase profit later 
2) Set up person-to-person exchanges 
3) On-Demand Model 
 
Now we break down the models to see why Indian start-ups think they’d work and why they haven’t succeeded yet. 
 
Investors’ Point of View 
 <keyword id="262067" type="PERSON" weightage="20" keywordseo="Mahesh-Murthy">Mahesh Murthy</keyword>, Co-Partner, Seedfund, one of India’s most vocal investors told us what’s wrong with the Indian startup ecosystem,”The problem is that we are idolizing businesses that are not ‘New’. There is nothing elusive or different about the companies we look up to, they are just copycats.’’ 
 Seedfund, which is an early stage VC firm has invested in companies like Redbus.in, Chumbak, Carwale, and Voonik. “Real businesses need little or no marketing. The cost of acquiring a customer shouldn’t be higher than your investment in your product which is what is happening right now’’<keyword id="20148" type="PERSON" weightage="20" keywordseo="murthy">Murthy</keyword> comments on the viability of the business models of India’s best-known <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword>. 
 “Innovation for the sake of innovation is useless. Most consumers prefer the companies that are competitors to Flipkart, Snapdeal, and Ola and that speaks volumes. We are just looking for great service coupled with great value for money and <keyword id="18635" type="CITY" weightage="100" keywordseo="Amazon">Amazon</keyword> and Uber give us that while the other companies don’t hit the mark while getting celebrity endorsements with full-page ads.’’ 
 “Rule Number 1 of business: Never lose money. Rule Number 2: Don’t forget Rule Number 1,” said <keyword id="71133" type="PERSON" weightage="20" keywordseo="Warren-Buffet">Warren Buffet</keyword>, probably the most popular investor in the world. 
 <keyword id="542474" type="PERSON" weightage="20" keywordseo="Reid-Hoffman">Reid Hoffman</keyword> from <keyword id="28120" type="CITY" weightage="20" keywordseo="Linkedin">LinkedIn</keyword> and now a VC says that as a VC, you should be able to put your money into a startup and walk away from your investment and at the most, you are best placed to understand a sector if you have built a business in it or at the very least, worked in it. For Indian start-ups, we see the opposite happening with Flipkart who recently appointed <keyword id="6379357" type="UNKNOWN" weightage="20" keywordseo="Kalyan-Krishnamurthy">Kalyan Krishnamurthy</keyword> as CEO, who is an ex-employee at Flipkart’s key investor, Tiger Global. 
 
What is a business model? 
 
A business model explains which consumer pain a startup chooses to relieve, why your solution works better than competing ones and how big a wedge a company can drive between what customers are willing to pay and the costs. 
 
Breaking down the Business Models 
 
There are broadly the following business models at play when it comes to start-ups that hold the public eye in India: 
 
1. Cut prices to gain an industry share and chase profit later: Target a huge market and sell a product at the lowest price with fast delivery and great service. As the company grows, expand the product line, negotiate volume discounts with suppliers, invest in technology, customer response time and cut waste from the operations. Then deliver the lower costs to customers in the form of lower prices. 
 
This was Amazon’s model which is still one of the fastest growing companies in India and the world. Although it was founded back in 1994, Amazon didn’t actually make a profit until 2001. Amazon has some profitable projects, but the money made from them is typically used as investments to fund other Amazon businesses and ventures. The company invests its profits in new lines of businesses and uses them to expand. In short, Amazon seems to value growth over profits. 
 
 
 
​ <keyword id="8589" type="PERSON" weightage="20" keywordseo="padmaja">Padmaja</keyword> <keyword id="980938" type="PERSON" weightage="20" keywordseo="Ruparel">Ruparel</keyword>, President, Indian Angel Network doesn’t believe in this model simply because she thinks that Indian consumers are flighty, “There is a constant need to lure the consumer to stick with you which is tricky when you’re not the only player in the market. Your focus here is on how quickly you can grow the market and not on your business strategy.’’ Ruparel believes in investing in a much more stable business model, “We are old-fashioned for sure as our focus is on businesses building a top-line and a bottom-line. We ascertain a business by unit economics and even though the cycle might be slightly longer, B2B start-ups create a sustainable business.” 
 
“The consumer is surely attuned to buying online which was their aim, but only some players will remain in this market. Consolidation is inevitable as loss-making businesses can’t stay afloat for long, but only time will tell who will remain the top dogs here,’’says Padmaja when asked about the future for consumer-centric start-ups. 
 
India’s perspective: “E-commerce companies like Snapdeal and Flipkart are following a similar model to that of Amazon in India. The difference is that Amazon can afford to lose money in India as it is profitable in other markets. The former players are just playing in India where they’re losing money trying to compete with Amazon,” comments Mahesh Murthy. 
 
2. Set up person-to-person exchanges: A house owner in a town has a huge house that has idle rooms that aren’t occupied. The young professionals living in the city need accommodation in different towns to work flexibly but they don’t want to own a house or live in expensive hotels. It seems to be working for <keyword id="719382" type="COMPANY" weightage="20" keywordseo="Airbnb">Airbnb</keyword> which doesn’t own any inventory and millions of people have taken advantage of these services, and Airbnb now has a market value estimated at $30 billion—roughly the same size as the <keyword id="183920" type="CITY" weightage="20" keywordseo="Marriott-International">Marriott International</keyword> hotel chain. 
 
Vikram Gupta, CEO, IvyCap Ventures, “India is not a mature market where you can write off $100 million checks to companies that are spearheaded by college graduates or in some cases, dropouts. The entire ecosystem is disturbed as new companies were getting funding at overhyped valuations. The market has started to finally stabilize and we see investors going back to the revenue as a yardstick for company’s growth instead of the GMV. The businesses are coming back to realistic valuations and while they might have money left in the bank, they are looking to reduce their cash burn rate.” 
 
 
 
India’s perspective: Companies like <keyword id="2808667" type="UNKNOWN" weightage="20" keywordseo="OYO">OYO</keyword> are trying to work with small hotels and guesthouses and have even leased their own properties but the burn-rate is consistent. With simplifying its business model and focusing on one aspect; people sharing their homes with people and minimal revamping, Airbnb has revolutionized how the world sees hotel accommodation forever. 
 
3. On-Demand Model: Smartphones have driven transformational shifts in how we consume goods and services, and many consumers have become acclimated to purchasing at the press of a button. The on-demand model allows a startup to leverage new technology while utilizing existing infrastructures. Another benefit lies in the use of freelance labor with its obvious advantages in cost cutting. 
 
Uber is a great example of the sharing economy where they connect the supply to the demand of taxis without investing in their own fleet. 
 
India’s perspective: <keyword id="6362049" type="UNKNOWN" weightage="20" keywordseo="Ola-Cabs">Ola Cabs</keyword> is Uber’s biggest competitor in India and while both companies burn a lot of money trying to lure customers to get into a taxi, Uber is currently the world’s most valuable startup at $69 billion. 
 
<a href="http://www.businessinsider.in/online-cab-players-in-2016-completed-nearly-half-a-billion-rides-with-250-y-o-y-growth-in-india/articleshow/57273938.cms">ALSO READ: Online cab players in 2016 completed nearly half a billion rides with 250% y-o-y growth in India</a> 
 
Winner Speak 
 V. Krishnan, Co-founder, and Director of <keyword id="1675768" type="UNKNOWN" weightage="20" keywordseo="Justdial-Ltd">JustDial Ltd</keyword> who likes to call his company an ‘18-year old startup’ says that for a successful business you don’t need an extraordinary idea, “The problem with start-ups today is that they don’t focus on profitability. To create a profitable business, you need extraordinary execution, not an idea. Giving money to people to use your services doesn’t make sense. The Indian customers are not loyal to brands, but to offers. Our goal was to create a world-class business and a world-class company.’’ 
 
For the first ten years of JustDial’s existence, the company didn’t raise any funding. The company ran on a shoe-string budget and used its own money to survive. In 2006, when internet penetration and broadband gained traction in India, the company was ready with its fully functional website to complement its telecom services. From 2-3% internet users to now 85% internet users, the company has grown to 200 Cr web searches annually, without any cashback or incentives. The company is probably one of the rarely profitable internet companies in the country today. 
 
<a href="http://www.businessinsider.in/65-of-start-ups-feel-indian-startup-eco-system-may-be-in-a-tech-bubble-report/articleshow/57205211.cms">ALSO READ: 65% of start-ups feel Indian startup eco-system may be in a tech bubble: Report</a> 
 
“The core business of start-ups isn’t ready but there is marketing happening. India is going to be giving you a lot of opportunities. Everyone wants to create a company, raise a great valuation and sell it off to do something bigger; the attitude is wrong," he signs off. 
​ 
Business Insider got in touch with Flipkart, Ola, Snapdeal, and Uber for this story but the companies chose to not comment on the same. 
 
​ 
 
Business Insider’s Take 
 
While popular Indian start-ups struggle to survive without additional funding coming in, we see some internet companies like JustDial and BookMyShow staying afloat, without investor-intervention. 
 
When it comes to businesses and business models, investors and successful companies agree that the tried and tested works; build a business with a strong product that you can alter as technology develops. The business of losing money can only take you so far if you don’t put it to good use. 
 
There’s a difference between investment into a product and burning money, and the start-ups better realize that before they get acquired or relinquished by the players who created the game that they’re set to lose. 
 
The market is big enough for companies that create value for customers not just for start-ups that create customers; the difference is everything. 
 
(Graphics: All figures in INR crores for the financial year 2015- 2016. Source: <a href="http://www.livemint.com/Companies/vtqiTC9VgJgnUfOAH2QdiL/Flipkart-still-Indias-top-startup.html">Mint Research</a>) 
 
**For Oyo, the result is from Apr-Dec 2015. 
*BookMyShow is the only company mentioned that has profits.

BI Investigation: Business models akin to Amazon and
Uber’s aren’t working for Indian startups

Scared of losing guests and business, <keyword id="20324" type="UNKNOWN" weightage="80" keywordseo="Hoteliers">hoteliers</keyword> in <keyword id="54507" type="CITY" weightage="80" keywordseo="Ranthambore">Ranthambore</keyword> used their influence to relocate park’s most-watched tiger, T24. 
 
As per sources, the operation of relocating T24 to Udaipur zoo was so secretive that even Forest Minister Raj Kumar Rinwa was kept in dark. 
Sources told Times of India that T24 was shifted on Saturday as hoteliers felt it may frighten away guests as it apparently killed a forest guard recently. 
 
A wildlife expert said that hoteliers were divided as majority were in favour of keeping the tiger at the park as it was the most sighted one but there was also a dispute among the forest staff about the identity of the tiger that killed the forest guard. 
 
"Forest officials were confused between T72 and T24," the expert told TOI and added, "However, a handful of lobbyists supporting T24's shifting were more powerful and succeeded in their design." 
 
The shifting came at a time when Rinwa was in the process of constituting a committee to verify whether it was T-24 or some other tiger which had attacked humans. But all of a sudden, he was told about the futility of the exercise since T-24, fondly known as 'Ustaad', was already half way towards Udaipur. 
 
Sources told TOI that Rinwa had requested Rajya Sabha MP VP Singh Badnore to head the committee, who had reportedly recommended conservationists Valmik Thapar and Rajpal Singh Shekhawat as other members. 
 
Insiders told the news daily that experts had suggested to Chief Minister Vasundhara Raje that even if T24 was attacking humans, it could be shifted to the Sariska reserve or Mukundra, a new forest zone adjacent to Ranthambore identified for tiger reserve expansion. 
 
Experts say carnivores have a natural tendency to fear humans. "But you can't say that T24 was a man-eater as it never chased humans," the expert said. 
 
Congress party MLA from Kumher, Vishvendra Singh, cited the instance of T7, which was shifted from Ranthambhore to Sariska after it attacked a few humans, including forest ranger Daulat Singh. 
 
"T7 is now happily settled as ST6 at Sariska. Why should there be different treatment for similar incident?" Singh told TOI and added that he sighted T7 thrice at Bharatpur, where it had strayed in 2010. "It never attacked anybody at Bharatpur," he said. 
 
Rinwa said that Kumbhalgarh and Mukundra forests have also been identified for expansion as tiger reserves, where T24 could be shifted if experts so recommended. 
 
Conservationist Thapar supports T24's caging, saying: "In my 40 years of experience of Ranthambhore tigers, T24 is the most dangerous one. He killed four people including two forest guards and two locals. The forest department and the government of Rajasthan have done a successful job in relocating a man-killing and eating tiger.”

Ranthambore just lost its most sighted tiger. Thanks to hoteliers

Welcome to <keyword id="9884466" type="UNKNOWN" weightage="60" keywordseo="insider-cannabis">Insider Cannabis</keyword>, our weekly <keyword id="621414" type="PERSON" weightage="60" keywordseo="Newsletter">newsletter</keyword> where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global <keyword id="14728" type="ENTERTAINMENT" weightage="100" keywordseo="cannabis">cannabis</keyword> boom.<a href="http://newsletter.businessinsider.com/join/cultivated">Sign up here to get it in your inbox every week</a>.Happy Friday readers,The cannabis news machine was cranking on all cylinders this week.First, the SAFE Banking Act was reintroduced in the House by a bipartisan group of lawmakers. The Senate version will be introduced next week. We read through the bill and <a href="https://www.businessinsider.com/marijuana-legalization-federal-decriminalization-congress-democrats-banking-schumber-2021-3">pulled out all the most important details</a>.The SAFE Banking Act, a relatively narrow cannabis reform bill, has a really good chance of becoming law. The <a href="https://www.businessinsider.com/marijuana-legalization-federal-decriminalization-congress-democrats-banking-schumber-2021-3">same cannot be said for more widespread decriminalization bills</a>, at least in this Congress, as we reported with our colleague Kimberly Leonard in DC. President Biden, for his part, will not likely be a friend to cannabis reform efforts - recent reporting from <a href="https://www.thedailybeast.com/biden-white-house-sandbags-staffers-sidelines-dozens-for-pot-use">The Daily Beast</a> shows that the White House fired staffers who admitted to past cannabis use. Bob Dylan may have said it best: The times are a-changing, but not quite as quickly as some may have hoped.It's important to keep in mind the more pernicious impact of punitive cannabis policies, though: It's on people of color. Ninety-four percent of marijuana-related arrests by the NYPD last year were people of color.In other news, check out <a href="https://online.sxsw.com/event/sxsw-online/planning/UGxhbm5pbmdfMzM1NDcw">my panel on cannabis reporting for SXSW online</a> with some of the other folks on the beat. You can watch it anytime before Saturday.-Jeremy (<a href="https://twitter.com/jfberke?lang=en">@jfberke</a>) and Yeji (<a href="https://twitter.com/jesse_yeji?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">@jesse_yeji</a>)Here's what we wrote about this week:<h3><a href="https://www.businessinsider.com/cannabis-tech-startup-dutchie-raises-200-million-tiger-global-dfj-2021-3">The CEO of a $1.7 billion cannabis-tech startup shares how he convinced Tiger Global and DFJ to bet on the spread of marijuana legalization</a></h3>Dutchie closed a $200 million Series C funding round led by Tiger Global. The monster round gives Dutchie a valuation of $1.7 billion.Cannabis tech is one of the few areas that mainstream investors are allowed to bet on - and cannabis is hot.<h3><a href="https://www.businessinsider.com/cannabis-stocks-to-buy-new-york-legalizes-marijuana-2021-3">A top Wall Street analyst lays out 5 cannabis stocks to buy now that could pop if New York races ahead to legalize marijuana</a></h3>New York Gov. Cuomo said he expects to strike a deal to legalize cannabis ahead of the April 1 budget. Cantor Fitzgerald analyst Pablo Zuanic picked five companies to bet on that are set to benefit.<h3><a href="https://www.businessinsider.com/which-cannabis-companies-are-at-risk-of-bankruptcy-2020-12">The bankruptcy risk of every major cannabis company, ranked</a></h3>Cannabis companies that survived a tumultuous 2019 and 2020 are seeing their fortunes improve. Insider looked through data from CreditRiskMonitor to see the risk of bankruptcy for major cannabis companies.The good news is that cannabis companies have generally seen their financial situations improve over the past year. The bad news is that many still remain at risk and in the "red flag" zone. <h3><a href="https://www.businessinsider.com/marijuana-legalization-federal-decriminalization-congress-democrats-banking-schumber-2021-3">Several Democratic senators say they're against cannabis legalization, busting claims that the filibuster is the only obstacle in the way of reform</a></h3>Democratic leaders want to federally legalize weed, an exciting prospect for the industry. But six Democratic senators on Capitol Hill told Insider they had reservations about doing so.Insider's interviews with several senators on Capitol Hill show Democrats aren't united on the issue, and the prospect of decriminalizing <keyword id="40905" type="PERSON" weightage="60" keywordseo="Marijuana">marijuana</keyword> at the federal level this Congress isn't as high as the industry envisions. Republicans tend to oppose the matter, but some would like legislation to support cannabis shops. <h3><a href="https://www.businessinsider.com/cannabis-banking-bill-safe-act-congress-marijuana-credit-debit-card-2021-3">A House bill would help cannabis companies work with big banks and let you use your credit card when shopping for marijuana. Here are 7 things to know about the bipartisan plan.</a></h3>House lawmakers introduced a modest cannabis reform bill this week that has a good chance of becoming law, because it has bipartisan support. Insider read through the SAFE Banking Act and chose the top takeaways from the legislation.<h2>Executive Moves</h2><ul><li>Curaleaf <a href="https://www.prnewswire.com/news-releases/curaleaf-appoints-carlos-madrazo-as-senior-vice-president-investor-relations-and-capital-markets-301247077.html">announced</a> that investment banking veteran Carlos Madrazo is joining the company as senior VP of investor relations and capital markets</li><li>Former Nike senior brand director Craig Lyon is joining Connected Cannabis as head of marketing, the <a href="https://www.prnewswire.com/news-releases/connected-cannabis-co-appoints-craig-lyon-as-vice-president-head-of-marketing-301248582.html">company announced</a> on Tuesday.</li><li>Grassroots cannabis cofounder <a href="https://www.benzinga.com/markets/cannabis/21/02/19807537/exclusive-cannabis-focused-koach-capital-launches-100m-fund-adds-mitch-kahn-to-team">Mitch Kahn is joining cannabis sale-leaseback fund Koach Capital</a> as a partner.</li></ul><h2>Deals, launches, and IPOs</h2><ul><li>California cannabis company MWG Holdings Group <a href="https://www.businesswire.com/news/home/20210317005772/en/California-Cannabis-Company-MWG-Holdings-Group-Inc.-Closes-10.8-Million-Series-B-Preferred-Private-Placement">announced</a> it closed a $10.8 Million Series B preferred private placement.</li><li><keyword id="2874738" type="PERSON" weightage="60" keywordseo="Psychedelics">Psychedelics</keyword> company Field Trip <a href="https://www.globenewswire.com/news-release/2021/03/17/2194659/0/en/Field-Trip-Health-Ltd-Announces-Closing-of-95-Million-Bought-Deal-Financing.html">announced</a> it closed a $78 million bought deal financing.</li><li>Cannabis real estate firms <a href="https://www.globenewswire.com/news-release/2021/03/18/2195573/0/en/NewLake-Capital-Partners-and-GreenAcreage-Real-Estate-Corp-Announce-Closing-of-Merger-Creating-One-of-the-Largest-Cannabis-Real-Estate-Companies-in-the-Industry.html">NewLake Capital Partners and GreenAcreage Real Estate Corp are merging</a>, to create what the companies say would be the largest cannabis real estate firm with a combined portfolio of $325 million across 9 states.</li><li>Publicly traded cannabis tech company <a href="https://www.prnewswire.com/news-releases/akerna-to-acquire-viridian-sciences-301245403.html?tc=eml_cleartime">Akerna will acquire Viridian Sciences</a>, a business management platform geared toward dispensaries in an all-stock transaction. The company did not disclose the size of the deal.</li></ul><h2>Policy moves and politics </h2><ul><li>Dozens of White House staff have been sidelined for their past cannabis use, according to <a href="https://www.thedailybeast.com/biden-white-house-sandbags-staffers-sidelines-dozens-for-pot-use">The Daily Beast</a>. Press Secretary Jen Psaki <a href="https://twitter.com/PressSec/status/1372921409509462018">on Friday said</a> that only five people who started working at the White House are no longer employed.</li><li>Sens. Chuck Schumer, Cory Booker, and Ron Wyden <a href="https://www.facebook.com/watch/live/?v=242293147619229&amp;ref=watch_permalinklink">held a discussion on Facebook Live</a> to underscore their support for the SAFE Banking Act and federal marijuana decriminalization.</li><li>A deal to legalize recreational cannabis in New York is "very close" according to state lawmakers and Gov. Cuomo. Senator Liz Krueger, a co-sponsor of the MRTA, <a href="https://www.marijuanamoment.net/cuomo-caves-on-marijuana-homegrow-and-equity-funding-top-new-york-senator-signals/">said in a radio interview</a> this week that she is "extremely pleased" with the agreement that Gov. Cuomo and other lawmakers have reached in regards to growing pot at home and social equity funding. </li><li>The New Mexico Senate Judiciary Committee passed HB12, a bill t<a href="https://www.marijuanamoment.net/new-mexico-marijuana-legalization-bill-heads-to-senate-floor-following-contentious-committee-hearing/">hat would legalize cannabis in the state</a>, on Thursday. The bill could become law as soon as this weekend.</li><li>A bipartisan group of lawmakers introduced the SAFE Banking Act, a bill that would allow cannabis companies to access banking services. <a href="https://www.businessinsider.com/cannabis-banking-bill-safe-act-congress-marijuana-credit-debit-card-2021-3">Read our story here</a>.</li><li>Sen. Bob Menendez <a href="https://www.menendez.senate.gov/newsroom/press/menendez-introduces-bipartisan-marijuana-insurance-bill-as-more-states-enact-cannabis-laws">reintroduced the CLAIM Act</a>, a bill that would allow cannabis companies to access insurance.</li></ul><h2>Research and data</h2><ul><li>A report from the nonprofit Tax Foundation found that the value of marijuana sales - if projections hold - may be twice that of firearms and ammunition and <a href="https://taxfoundation.org/excise-taxes-excise-tax-trends#Marijuana">three times bigger than McDonald's sales revenue by 2023</a>.</li><li>Between 2010 and 2019, there were eight times as many marijuana-related arrests of Black and Latinx people as there were of white people in New York City, <a href="http://smart-ny.com/mj-covid-report/">according to a report</a> from the nonprofit Drug Policy Alliance and the City University of New York's Public Science Project.</li><li>People of color made up <a href="https://www1.nyc.gov/site/nypd/stats/reports-analysis/marijuana.page">94% of arrests by the NYPD last year</a>, according to the department's data. </li></ul><h2>Earnings roundup</h2><ul><li>Columbia Care <a href="https://ir.curaleaf.com/2021-03-09-Curaleaf-Reports-Record-Fourth-Quarter-and-Fiscal-Year-End-2020-Financial-and-Operational-Results">released its Q4 and full-year results</a>, reporting a combined revenue of $76 million and a $73.7 million net loss for the quarter.</li><li>Green Thumb Industries released its <a href="http://www.globenewswire.com/news-release/2021/03/17/2194911/0/en/Green-Thumb-Industries-Reports-Record-Results-for-the-Fourth-Quarter-and-Full-Year-2020.html">Q4 and full-year results</a>, reporting net revenue of $177.2 million and $22.5 million in net income. </li><li>Sundial released its <a href="https://www.prnewswire.com/news-releases/sundial-reports-full-year-and-fourth-quarter-2020-financial-and-operational-results-301249692.html">Q4 and full-year results</a>, reporting net revenue of C$13.9 million and a net loss of C$64.1 million.</li><li>Hexo Corp released its <a href="https://www.globenewswire.com/news-release/2021/03/18/2195226/0/en/HEXO-Corp-announces-positive-adjusted-EBITDA-and-94-increase-in-net-revenue-from-prior-year.html">Q2 results</a>, reporting net revenue of $32.8 million and a net loss of $20.8 million.</li></ul><h2>Chart of the week</h2>Cannabis jobs have been growing rapidly across the US in recent years. The industry has averaged 27.5% growth each year, according to Leafly's 2021 Jobs Report. In 2021, there are now 321,000 legal cannabis jobs in the country:<div type="image" title="Total cannabis jobs in the US" height="1040" width="1240" msid="81593612" hostid="261"></div><h2>What we're reading</h2><a href="https://www.vice.com/en/article/3an9eb/investors-are-debating-who-should-own-the-future-of-psychedelics">Investors Are Debating Who Should Own the Future of Psychedelics</a> (Vice)<a href="https://variety.com/2021/tv/news/chopped-cannabis-discovery-plus-food-network-1234932480/">'Chopped' Takes on Cannabis and Generation Z in New Editions for Discovery Plus</a> (Variety)<a href="https://www.nytimes.com/2021/03/18/opinion/oregon-psychedelic-therapy.html">Can Magic Mushrooms Heal Us?</a> (NYT)<a href="https://www.thedailybeast.com/biden-white-house-sandbags-staffers-sidelines-dozens-for-pot-use">Biden White House Sandbags Staffers, Sidelines Dozens for Pot Use</a> (The Daily Beast)<a href="https://www.discovermagazine.com/health/does-smoking-marijuana-cause-cancer">Does smoking marijuana cause cancer?</a> (Discover Magazine)<a href="https://www.discovermagazine.com/health/does-smoking-marijuana-cause-cancer">The data on legalizing weed</a> (NPR)<a href="https://thenewsstation.com/wheres-president-biden-at-on-marijuana-his-teams-mum/">No One Knows Where President Biden is on Marijuana</a> (The News Station)<a href="https://www.politico.com/news/2021/03/11/mexico-marijuana-legalization-biden-pressure-443800">Mexico's move to greenlight marijuana may pressure Biden</a> (Politico)

You Searched For "new tiger reserves" and got 10 results

Akshay Kumar-Tiger Shroff starrer 'Bade Miyan Chote Miyan' and Ajay Devgn's 'Maidaan' to now release on April 11

PTI

Malaysia's new king has a $5.7B family fortune. Here's how he spends his money.

Mikhaila Friel

A superyacht named "Privacy" and an NDA for his personal chef: Tiger Woods longtime obsession with keeping his life private

Jack Newsham,Katherine Long

Soon, Big Cats Will Find A New Home At Nagzira-Navegaon In Maharashtra

Sanghamitra Mandal

Chugging Along: 9 Picturesque Train Rides Into The Heartland Of India

Sanghamitra Mandal

Zomato IPO gets oversubscribed by 38 times

Kritti Bhalla

American billionaire hedge-fund manager Julian Robertson took $800,000 in COVID-19 aid from New Zealand's government to pay the staff at his luxury resorts

Taylor Nicole Rogers

BI Investigation: Business models akin to Amazon and Uber’s aren’t working for Indian startups

Tanya Dubey

Ranthambore just lost its most sighted tiger. Thanks to hoteliers

BI India Bureau

Insider Cannabis: Stocks to bet on for New York legalization - Cannabis on Capitol Hill - Dutchie's $1.7 billion valuation

Jeremy Berke,Yeji Jesse Lee

Popular Keywords

Buying Guides