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<ul><li>Lal and Ram are among the few businessmen in India whose wealth rose in the middle of the coronavirus crisis to $1 billion — adding them to the list of 102 <keyword id="6393637" type="UNKNOWN" weightage="20" keywordseo="Billionaires">billionaires</keyword> in India. </li><li>79-year old <keyword id="300021" type="COMPANY" weightage="20" keywordseo="Arun-Bharat-Ram">Arun Bharat Ram</keyword> joined the billionaire club in India after his company Shri Ram Group of Companies witnessed a 63% increase in share price since March 25. According to Forbes, Ram’s net worth clocked $1.1 billion. </li><li><keyword id="248093" type="PERSON" weightage="20" keywordseo="Arvind-Lal">Arvind Lal</keyword>, who heads Dr Lal Path Labs witnessed an 8% boost in share price after it got regulatory approval to conduct the coronavirus test in the last week of March — making him a billionaire. </li></ul>Coronavirus pandemic has led to a lot of bloodbath in the stock markets around the world. Thousands of companies have reported losses while some others are struggling to just survive. However, there are some rare exceptions like Arvind Lal who heads Dr. Lal Path Labs and chemical magnate Arun Bharat Ram, who owns Shri Ram Group of Companies (SRF). ALSO READ: <div type="Article" hostid="261" msid="76284421" title="Watch an emotional Darren Sammy call out the casual racism of his IPL teammates — ‘I saw you as brothers,’ says the former West Indies captain" mstype="2" mssubtype="0"></div> Lal and Ram are among the few businessmen in India whose wealth rose in the middle of the coronavirus crisis to $1 billion. From chemicals to colleges 79-year old Arun Bharat Ram joined the billionaire club in India after his company Shri Ram Group of Companies witnessed a 63% increase in share price since March 25. According to Forbes, Ram’s net worth clocked $1.1 billion. <div type="image" title="snapshot-1591771327997" msid="76297267" hostid="261"></div> Ram is on board of more than 14 companies and heads 6 different companies worldwide including JK Paper Limited. SRF is a $1.1 billion company which was founded in 1970 and promotes chemical raw materials used in pharmaceuticals and pesticides. SRF group is into a range of other products including fabric, real estate among others. It also promotes Delhi’s Lady Shri Ram College and the Shri Ram Schools in India. One of the primary reasons for the increase in Ram’s wealth was a sudden spike in all Indian chemical stocks. A whole lot of businessmen are ditching chinese supply chain and looking for cheaper alternative options in India — leading to a sudden spike in share price. The Indian doctor who became a billionaire Arvind Lal is a doctor who heads the $174 million Dr Lal Path Labs. The share price of Dr. Lal Path Labs jumped by 14% between March 30 and June 10 after the Indian government allowed <keyword id="1349548" type="PERSON" weightage="20" keywordseo="private-labs">private labs</keyword> to conduct coronavirus tests in March. According to Forbes, Arvind Lal is now worth a billion dollars. <div type="image" title="snapshot-1591770378251" msid="76297140" hostid="261"></div> 70-year-old Lal owns a 57% stake in his publicly listed company which has a market capitalization of ₹131.98 billion. However, despite offering the coronavirus test at large, Lal’s company could end up making only small gains from it. According to Forbes, these COVID-19 tests will not “contribute in a big way” to the revenues of the company as the government has fixed the price of a test at ₹4,500. Dr. Lal Path Labs was founded in 1949 by S.K Lal, Arvind Lal’s father. Lal inherited the diagnostics lab from his family when he was 28 years old. The chain of diagnostics lab made its Initial Public Offering in 2015 and has witnessed a 79% increase in its share price since then. SEE ALSO: <a href="https://www.businessinsider.in/india/news/liquor-to-become-cheaper-in-delhi-as-the-state-withdraws-coronavirus-cess/articleshow/76294483.cms">Liquor to become cheaper in Delhi, as government withdraws coronavirus cess</a> <a href="https://www.businessinsider.in/business/news/shopping-malls-are-open-but-retailers-face-the-next-big-challenge-getting-people-to-the-stores/articleshow/76294870.cms">Shopping malls are open but retailers face the next big challenge – getting people to the stores</a>

Arun Bharat Ram and Arvind Lal — the two businessmen who became billionaires during the lockdown

<ul><li>The incumbent <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> government in India led by the <keyword id="58687" type="ORGANIZATION" weightage="20" keywordseo="Bharatiya-Janata-Party">Bharatiya Janata Party</keyword> (BJP) has released election <keyword id="42763" type="PERSON" weightage="20" keywordseo="Manifesto">manifesto</keyword> 3 days before the first polling date. </li><li>As expected, the 2019 manifesto builds on a lot of pledges the government made in its interim budget announcement and on the campaign trail, especially with regards to rural distress, job creation and national security. </li><li>The manifesto - the first ever under Prime Minister Narendra Modi - comes a week after rival party Congress released its own, giving the BJP the chance to counter the opposition party’s promises, specifically NYAY, its minimum income support scheme. </li></ul>The incumbent Narendra Modi government, led by the Bharatiya Janata Party (BJP), has released its election manifesto 3 days before the first polling date. Speaking at the launch of the manifesto, Modi said that the government had made 75 proposals in line with India’s 75-year independence celebration in 2022, all of which would be implemented in a “time-bound” manner. As expected, the 2019 manifesto builds on a lot of pledges the government made in its interim budget announcement and on the campaign trail, especially with regards to rural distress, job creation and national security. The Prime Minister <a href="https://www.thehindu.com/news/national/pm-promises-farmers-income-doubling-by-2022/article24212508.ece">had already promised </a>to double all farmers incomes by 2022. Under the government’s already-announced PM Kisan Yojana, cash will be transferred to beneficiaries, which hold 2 hectares of land or less, in three installments of ₹2000 each every year, culminating in a total payment of <a href="https://www.businessinsider.in/as-expected-the-modi-administration-just-launched-a-direct-benefit-transfer-scheme-for-the-nations-farmers/articleshow/67786710.cms">₹6,000 per year</a>. Under pressure after rival Congress’ income support scheme, the BJP has extended this benefit to all farmers, as opposed to only smallholding farmers, which will significantly increase the outlay of the scheme. In addition to the farmer handouts, the BJP outlined a pension scheme for informal sector workers in its interim budget. The scheme proposes a monthly pension of ₹3,000 above the age of 60. It is also offering tax breaks for workers in the formal sector that earn less than ₹500,000 a year. In another play towards farmers, the manifesto promised interest-rate free credit cards loans less than ₹100,000 to all farmers. The BJP also plans to mobilise ₹100 trillion of investments into infrastructure within the next five years and improve road connectivity between cities by doubling the amount of national highways It also wants to ensure that every Indian doesn’t live more than 5 kms away from a banking outlets and push India to a top 20 position in the World Bank and IMF’s Ease of Doing Business index from current level <a href="http://pib.nic.in/newsite/PrintRelease.aspx?relid=184513">of 77</a>. The policy document also reiterated the BJP’s commitment to implementing a uniform civil code across all Indian states and revoking <a href="https://www.thehindu.com/news/national/what-is-article-35a/article19567213.ece">Article 35A</a> of the Constitution, which it explains went against the interests of non-permanent residents of Jammu &amp; Kashmir as t conferred special rights on residents especially in the acquisition of property and eligibility for public sector jobs. This manifesto lays down the foundation of a continuing government, finance minister <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> said. The manifesto announcement by party president <keyword id="6355521" type="PERSON" weightage="20" keywordseo="amit-shah">Amit Shah</keyword> started with a rundown of the Modi administration’s purported achievements over the past five years - a crackdown on corruption and black money, strikes against terrorists, a reining in of prices, the construction of 80 million toilets etc in line with <a href="https://www.businesstoday.in/current/economy-politics/what-promises-did-the-bjp-make-in-its-2014-manifesto/story/334812.html">its 2014 manifesto</a>. The manifesto had 75 pledges to celebrate 75 years of India’s independence in 2022. These included the doubling of farmers incomes, the continued strengthening of the armed forces and border security patrols, the passage of the contentious Citizenship Amendment Bill, the construction of the also-contentious Ram Mandir and the expansion of its Ayushman Bharat health insurance scheme. The manifesto - the first ever under Prime Minister Narendra Modi - comes a week after rival party Congress released its own, giving the BJP the chance to counter the opposition party’s promises, <a href="https://www.businessinsider.in/lok-sabha-elections-2019-can-congress-nyay-scheme-end-indias-poverty/articleshow/68577960.cms">specifically NYAY,</a> its minimum income support scheme. SEE ALSO: <a href="https://www.businessinsider.in/congress-manifesto-released-plans-for-separate-farmers-budget/articleshow/68684769.cms">India’s Congress party proposes a separate farmer’s budget and single rate GST in its election manifesto</a> <a href="https://www.businessinsider.in/lok-sabha-elections-2019-heres-a-comparison-of-the-income-sops-offered-by-the-bjp-and-the-congress/articleshow/68576480.cms">Here’s a comparison of the election sops offered by the BJP and the Congress</a>

Narendra Modi's election manifesto packs larger doles and a rosy narrative

<ul><li>One of India’s biggest producers, <keyword id="6354597" type="PERSON" weightage="20" keywordseo="Ekta-Kapoor">Ekta Kapoor</keyword>, says streaming giants will go for movies which are economical. </li><li>She suggested Indian film makers to start producing cost-effective films so that they can approach OTT players in case they are unable to release their films theatrically. </li><li>Kapoor is confident that people will still watch films — even if they stream it online. </li></ul>Indian film and television producer Ekta Kapoor believes the budgets for movies should go down by at least 30% post the COVID-19 crisis. “I would say to keep in mind that tomorrow supply vs demand might change with different apps, because there are only three or four big apps picking up films people like us will be making more content instead, they will have to deliberately keep cost at 30% lower, one sector i.e theatres have gone down,” Ekta Kapoor, Joint Managing Director and Creative Head of '<keyword id="1227219" type="COMPANY" weightage="20" keywordseo="Balaji-Telefilms-Limited">Balaji Telefilms Limited</keyword>', told Business Insider in its latest episode of the Big reset. <div type="twitter" handle="BiIndia" handlename="Business Insider India🇮🇳" image="http://pbs.twimg.com/profile_images/1232926719016718336/sfffJHNV_normal.jpg" favoritecount="63" retweetcount="35" status="#TheBigReset | @Biindia's @iyer_sriram speaks to @SunjoyJ of @orfonline, @BTL_Balaji's @ektarkapoor, @oyorooms'… https://t.co/KazRSOwkCG" createdat="1591785193000" id="1270665315731386369"></div> Kapoor is the Managing director of Balaji Telefilms and is famous for producing some of best-selling soap operas for more than two decades. She suggested Indian film makers to start producing cost-effective films so that they can approach OTT players in case they are unable to release their films theatrically. “Since everyone is aware of the situation being so drastic, the industry must come together and say let’s make cost-effective films, tomorrow if they don’t release in the theatres there are many apps,” Kapoor told Business Insider “Film will be watched” While India was under lockdown, the multiplexes did not only lose ticket sales but also sales from pricey food and cold drinks served within the theatres. This, in turn,will reduce the returns multiplexes used to share with the film producers. “We (Balaji telefilms) are now pumping more money into films because we believe deliberation will lead to celebration — and it takes one and half to a year to make a movie. We’re hoping that there is a mindset change and we are investing” Kapoor says Balaji telefilms simultaneously is also investing in digital platforms now and television. “We are not scared as the producers of the industry know if the film can’t be released automatically there’s a digital platform where the film will be watched,” Kapoor added. SEE ALSO: <a href="https://www.businessinsider.in/international/news/a-chinese-company-trump-tata-nano-by-selling-the-worlds-cheapest-car-but-it-still-looks-like-a-giant-matchbox/articleshow/76300728.cms">A Chinese company trump Tata Nano by selling the world’s cheapest car — but it still looks like a giant matchbox</a> <a href="https://www.businessinsider.in/thelife/personalities/news/arun-bharat-ram-and-arvind-lal-the-two-businessmen-became-billionaires-during-the-lockdown/articleshow/76297080.cms">Arun Bharat Ram and Arvind Lal — the two businessmen who became billionaires during the lockdown</a>

Indian filmmakers should cut production cost by at least 30%, says Ekta Kapoor

Mahindra Group Chairman <keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword> has invested USD 1 million (about Rs 7.5 crore) in Gurugram-based Hapramp -- a startup working on <keyword id="28128" type="ORGANIZATION" weightage="20" keywordseo="Technologies">technologies</keyword> like blockchain and social media. The startup was founded in 2018 by five students of Indian Institute of Information Technology-Vadodara. "Took 2 yrs, but I finally found the start-up I was looking for! @Hapramp is indigenous, built by 5 young founders &amp; brings together a best-in-class combination of creativity, technology &amp; data protection. Look out for @gosocial_app their social networking platform," Mahindra tweeted on Wednesday. In 2018, Mahindra had announced via Twitter a funding opportunity for an Indian social media startup that met certain criteria. He had asked ex-Mahindra executive, Jaspreet Bindra to work with him to find a next-gen Indian social network start-up. "The Hapramp team is building a Web 3.0 social network. It is built on emerging digital technologies, has a solid business model which rewards content creators, protects personal data, and best of all, is built here locally in India," Bindra said. He has been signed on as Executive Advisor and Mentor to the Hapramp founding team. Hapramp has been incubated through its early days by Huddle, a sector-agnostic incubator that is based in Gurugram. It has also invested in Hapramp. In addition to its flagship social networking solution <keyword id="9376913" type="COMPANY" weightage="20" keywordseo="gosocial">GoSocial</keyword>, Hapramp also operates 1Ramp.io, a social media platform powered by Steem Blockchain, and Asteria Protocol. Asteria Protocol will help platforms to privately and securely treat public data. "We are honoured and excited. This is a massive approval of our mission to give creators the right to their content. We plan to use the funds to expand our platform and want to empower creators," Hapramp co-founder and <keyword id="9376924" type="UNKNOWN" weightage="20" keywordseo="ceo-shubhendra-vikram">CEO Shubhendra Vikram</keyword> told . He, however, declined to comment on the valuation. Talking about GoSocial, Vikram said the platform has aleady garnered 50,000 users in less than three months. It allows users to take creative challenges designed by photographers, artists, writers, and designers and get rewarded. He added that the current focus is on building userbase and monetisation will happen eventually. The app is available on Google Play Store and will soon be available on <keyword id="481401" type="PERSON" weightage="20" keywordseo="Apple-App-Store">Apple App Store</keyword> as well. "We are targeting one lakh users in the next three months and 10 lakh by the end of the year in India. We also plan to take the platform to South East Asian countries, we will look at that around October," he said. The startup has 12 employees. The founders are based in Gurugram, while the staff is located across the country. "We will continue to operate a lean team but we are looking at hiring. By end of the year, we should be at 25-30 people," Vikram said. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/microsoft-brings-its-venture-fund-m12-to-india-its-fifth-office-in-the-world-is-now-in-bengaluru/articleshow/76297385.cms" data-type="tilCustomLink">Microsoft brings its venture fund M12 to India – its fifth office in the world is now in Bengaluru</a> <a href="https://www.businessinsider.in/thelife/personalities/news/arun-bharat-ram-and-arvind-lal-the-two-businessmen-became-billionaires-during-the-lockdown/articleshow/76297080.cms" data-type="tilCustomLink">Arun Bharat Ram and Arvind Lal — the two businessmen who became billionaires during the lockdown</a>

Anand Mahindra invests $1 million in Gurugram-based startup Hapramp

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Arun Bharat Ram and Arvind Lal — the two businessmen who became billionaires during the lockdown

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Narendra Modi's election manifesto packs larger doles and a rosy narrative

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Indian filmmakers should cut production cost by at least 30%, says Ekta Kapoor

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