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

11 under-30 founders named in Hurun India’s Future Unicorn Index 2024

India's <keyword id="22879519" type="General" weightage="20" keywordseo="organised-gold-loan-market" source="keywords">organised gold loan market</keyword> is projected to double in the next five years to Rs 14.19 lakh crore despite expected moderation in growth due to stricter regulations, according to a <keyword id="19938520" type="General" weightage="20" keywordseo="PwC-India" source="keywords" meta.keywordsubtype="org" meta.entityname="PwC India" meta.hostid="153" meta.entityid="PwC India">PwC India</keyword> report. In fiscal 2023-24, the organised <keyword id="21627536" type="General" weightage="100" keywordseo="gold-loan-market" source="keywords">gold loan market</keyword> demonstrated substantial growth, reaching a valuation of Rs 7.1 lakh crore, according to the report titled 'Striking gold: The rise of India's gold loan market' . "It is expected to reach around Rs 14.19 lakh crore by FY 2029 at a five-year CAGR of 14.85 %," it said. Indian families own massive quantities of gold, estimated at 25,000 tonne. Existing gold holdings with <keyword id="19895507" type="General" weightage="20" keywordseo="Indian-households" source="keywords">Indian households</keyword> are valued at roughly Rs 126 lakh crore, the report said. It further said the gold loan market is poised to see moderate growth over the next two years, as gold lenders are facing increased scrutiny from regulatory authorities regarding loan-to-value (LTV) maintenance and auction-related procedures. "The second-largest player in the gold loan market being inactive would have an impact on market growth in FY25," the report said. Also, the <keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>'s advisory to <keyword id="19938300" type="General" weightage="20" keywordseo="NBFCs" source="keywords">NBFCs</keyword> on cash disbursement, which limits the amount of cash disbursal to Rs 20,000, could push customers to rely on the unorganised sector. The regulator has also raised concerns about the evaluation process for lending activities through fintech startups. The increased regulatory scrutiny and revised guidelines have led to a dip in the share prices of leading NBFCs, PwC said. "Gold loan lenders are expected to use this period to ensure that they are compliant with all regulatory guidelines while undertaking several measures to optimise their middle and back offices through digitisation initiatives," it said. Lenders are also expected to implement cost optimisation initiatives that will help drive up the bottom-line profitability of their companies and enhance investor confidence which has slightly depleted as a result of the regulatory scrutiny. Furthermore, the report said rising gold prices over the past financial year may also drive lenders to take a cautious approach to lending rates and pricing as any downward movement in gold prices will result in a substantial LTV breach that will further create operational issues for lenders in the form of auctions. "The growth of the gold loan market is expected to be steered by both banks and NBFCs," the report said. The emergence of digital gold loan aggregator platforms and their strategic collaboration with gold loan lenders such as banks and NBFCs will be a key driving factor for the growth of the industry, enabling gold loan lenders to tap into a previously untapped segment of digitally savvy customers. "While the forecasted growth of the gold loan market means potential growth for all players, the impact on the players may vary. Banks are expected to benefit from their lower interest rates," PwC said. Jaikrishnan G, Partner (Financial Services), PwC India said lending against gold is the oldest form of credit. It remains one of the most attractive options for consumer as well as lenders. "High return-on-assets, manageable risk, timely regulatory interventions, growing adoption, tech-enabled operating models have all contributed to sector growth. As India embraces the vision of Viksit Bharat, gold loans will provide much needed liquidity and credit access to growing small and medium entrepreneur segments," he said. The report further said growth by NBFCs is expected to be fuelled by their expansion and increased outreach to regions with low penetration, bringing new credit customers to the financial services ecosystem. Also, fintechs will play a critical role in bringing in the required technology and innovation into the industry, thus helping lenders to create unique product propositions to boost growth, it said. <keyword id="20037818" type="General" weightage="20" keywordseo="South-India" source="keywords">South India</keyword> contributes to a vast extent, as it emerges as the dominant market for gold loans, with 79.1% share of the total outstanding loans. The report also noted that an assumption can be made that the entire Rs 126 lakh crore worth of gold will not be available for pledging due to various reasons like jewelry belonging to religious institutions, jewellery with emotional value, and certain jewellery held by individuals who are not in need of finance.

Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report

Washington, <keyword id="3141906" type="General" weightage="100" keywordseo="vivek-ramaswamy" source="Orion">Vivek Ramaswamy</keyword>, an Indian-American tech entrepreneur, announced that he's running for the 2024 Republican presidential nomination. In a short video launched on Tuesday, the 37-year-old said: "We've celebrated our 'diversity' so much that we forgot all the ways we're really the same as Americans, bound by ideals that united a divided, headstrong group of people 250 years ago. I believe deep in my bones those ideals still exist. I'm running for President to revive them. "We're in the midst of a national identity crisis. Faith, patriotism &amp; family are disappearing. We embrace one secular religion after another -- from wokeism to climatism -- to satisfy our deeper need for meaning. Yet we cannot even answer what it means to be an American. "The GOP can fill that void. E pluribus unum: from many, one. That is the dream that won the American Revolution; that reunited us after the Civil War, that won us two World Wars &amp; the Cold War. That is the dream that still gives hope to the world. That is American exceptionalism." Ramaswamy, whose parents immigrated from <keyword id="7480616" type="General" weightage="80" keywordseo="vadakkencherry" source="Orion">Vadakkencherry</keyword> in Palakkad, Kerala, co-founded Strive Asset Management and currently serves as the Executive Chairman. Prior to Strive, he founded the biopharmaceutical company Roivant Sciences. He is also the author of the books, "Woke, Inc.: Inside Corporate America's Social Justice Scam", published in August 2021 and "Nation of Victims: Identity Politics, the Death of Merit, and the <keyword id="16603267" type="General" weightage="80" keywordseo="path-back" source="Orion">Path Back</keyword> to Excellence", published in September 2022. Ramaswamy filed a statement of candidacy with the Federal Election Commission earlier on Tuesday and is scheduled to speak at a Polk County Republican event in Iowa on Thursday. The other Indian-American to launch her Republican presidential bid is <keyword id="156885" type="General" weightage="80" keywordseo="nikki-haley" source="Orion">Nikki Haley</keyword>, the former South Carolina Governor and Permanent Representative to the UN. SEE ALSO: <a href="https://www.businessinsider.in/tech/gadgets/news/four-out-of-five-wireless-earbuds-sold-in-india-in-2022-were-from-an-indian-company/articleshow/98141414.cms">Four out of five wireless earbuds sold in India in 2022 were from an Indian company</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-compare-your-tax-liability-in-old-and-new-tax-regimes/articleshow/98116217.cms">How to compare your tax liability in old and new tax regimes</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-11r-pre-orders-to-begin-today-free-buds-z2-card-discounts-specs-and-more/articleshow/98112032.cms">OnePlus 11R pre-orders to begin today – free Buds Z2, card discounts, specs and more</a>

Indian-American tech entrepreneur Vivek Ramaswamy announces Republican bid for President in 2024

<ul><li>73% of skilled aspirers and 59% of home-based <keyword id="53533" type="General" weightage="20" keywordseo="entrepreneurs" source="Orion">entrepreneurs</keyword> express a strong readiness to pay for <keyword id="6418027" type="General" weightage="20" keywordseo="skill-development" source="Orion">skill development</keyword>. </li><li>The gap between skill demand and the willingness to invest in acquiring those skills presents a huge opportunity for entrepreneurs to develop solutions </li><li>Governments and <keyword id="8182685" type="General" weightage="20" keywordseo="nonprofit-organisations" source="Orion">nonprofit organisations</keyword> hold the potential to address the employability-skilling gap for around 130 million individuals through <keyword id="871433" type="General" weightage="20" keywordseo="skill-enhancement" source="Orion">skill enhancement</keyword> endeavours. </li></ul>Almost 50% of young workers in India show a strong willingness to learn new skills for improved job opportunities. This enthusiasm is observed within distinct segments, including moderately high-skilled blue/grey-collar workers under 30 (skilled aspirers), those engaged in low to semi-skilled jobs (tenacious strivers), and females under 30 pursuing or desiring to initiate home-based businesses (home-based entrepreneurs), reveal the findings of report titled ‘The Next Frontiers: Skilling and Employability Solutions for the Next Half Billion', by Omidyar Network India (ONI), an impact-focused investment firm. The report delves into the prospect within the Indian market to provide skill development and employment opportunities for a substantial segment of unskilled, <keyword id="18583019" type="General" weightage="20" keywordseo="low-skilled" source="Orion">low-skilled</keyword>, and moderately-skilled workers. The research partnership for this project was with Redseer. The launch event occurred on Tuesday and was graced by Atul Kumar Tiwari, Secretary at the Ministry of Skill Development and Entrepreneurship, Government of India, along with Ved Mani Tiwari, Chief Executive Officer of the National Skill Development Corporation (NSDC). <cmsannotation type="cmsannotation" annotationid="Adding 100 million workers to the workforce can boost GDP by 20%" comment="subhead" text="Adding 100 million workers to the workforce can boost GDP by 20%">Adding 100 million workers to the workforce can boost GDP by 20%</cmsannotation> The report highlights prospects for entrepreneurs, government bodies, and nonprofit organisations to create solutions or encourage technology-driven skill development and job opportunities. It studies 580 million Indian workers needing skill enhancement and employment aid and pinpoints specific groups with a strong desire to upskill and invest in those abilities, potentially positively impacting 230 million individuals. The findings reveal that adding 100 million workers to the workforce can boost GDP by 20%, steering India's economy towards a $4 trillion mark. <cmsannotation type="cmsannotation" annotationid="Huge prospects for entrepreneurs in skill development" comment="subhead" text="Huge prospects for entrepreneurs in skill development">Huge prospects for entrepreneurs in skill development</cmsannotation> The report emphasises a substantial opportunity for entrepreneurs in the form of a market consisting of 100 million young workers seeking skilling solutions. Among these segments displaying eagerness to acquire new skills, a significant portion also exhibit a high willingness to invest financially. Specifically, 73% of skilled aspirers and 59% of home-based entrepreneurs express a strong readiness to pay for skill development that promises better employment prospects, stability, and growth opportunities. Among the skilled aspirers, 45% of men show keen interest in entrepreneurship, while 33% of women are more inclined towards advancing in their current roles. These segments represent untapped potential that could significantly enhance employability and positively impact a substantial part of India's workforce. The gap between skill demand and the willingness to invest in acquiring those skills presents an estimated opportunity for entrepreneurs to develop solutions valued at approximately $1.5 billion to $2billion (₹12,570 crore to ₹16,760 crore). Notably, the key areas for skill development where entrepreneurs can contribute include fundamental business management skills, digital marketing, communication, and advanced vocational skills. <cmsannotation type="cmsannotation" annotationid="Government and nonprofit entities can help bridge the skills gap" comment="subhead" text="Government and nonprofit entities can help bridge the skills gap">Government and nonprofit entities can help bridge the skills gap</cmsannotation> Governments and nonprofit organisations hold the potential to address the employability-skilling gap for around 130 million individuals through skill enhancement endeavours. The report highlights that although certain segments exhibit a strong willingness to acquire new skills, their readiness to invest financially in learning opportunities remains relatively low. As a result, these segments are excluded from the pool targeted by entrepreneurs and profit-driven initiatives. To cater to such populations, the government and nonprofit entities can bridge the disparity between the desire to acquire skills and the readiness to invest. This can be achieved through initiatives like subsidised skill development programs, bolstering apprenticeship initiatives, and providing capital support programs. Moreover, policy reforms in areas such as paid childcare and parental leave can significantly contribute to the inclusion and retention of workers within the employability spectrum, particularly among women seeking to enter or continue in the workforce.

India shows eagerness to upskill as it aims at a $4 trillion economy

<keyword id="19955368" type="General" weightage="100" keywordseo="budget-2024" source="keywords">Budget 2024</keyword>, which is set to be presented on July 22nd, is set to accelerate the growth of <keyword id="20459350" type="General" weightage="20" keywordseo="Indian-stock-markets" source="keywords">Indian stock markets</keyword> by as much as 20%, a recent survey by <keyword id="19897999" type="General" weightage="20" keywordseo="Bloomberg" source="keywords" meta.keywordsubtype="org" meta.entityname="Bloomberg" meta.hostid="261" meta.entityid="Bloomberg">Bloomberg</keyword> noted. While some respondents hope that the <keyword id="20983733" type="General" weightage="20" keywordseo="NSE-Nifty50" source="keywords">NSE Nifty50</keyword>, which is currently trading at 24,273.35 points, might reach 26,000 points by the end of this year, others estimate the index to inch up even higher. The budget is likely to boost consumer spending, accelerate consumption, and support infrastructure development, noted half of the 24 experts Bloomberg surveyed. Data by Bloomberg Intelligence predicted that the estimated earnings per share (EPS) of companies on the MSCI India Index is set to rise by 15.6% on year basis, for the calendar year 2024. In contrast, Chinese firms are expected to grow at about 10%. One-fourth of surveyed analysts noted that pushing capital expenditure would be the government's top priority, while the other half thought the focus would be on boosting consumer demand. Naturally, analysts see potential growth in consumer discretionary stocks in the months to come, followed by financial services. <h2>Focus on Women, Capex</h2>Many are expecting the government to raise the standard deduction threshold from the current Rs 50,000 to Rs 1,00,000. The government is also thinking of raising the limits of the <keyword id="19930663" type="General" weightage="20" keywordseo="Public-Provident-Fund" source="keywords">Public Provident Fund</keyword> (PPF) from Rs 15,000 to Rs 25,000. As per Ashwajit Singh, Founder and Managing Director of IPE Global, "the budget is expected to be tilted towards adopting a strategy for the underprivileged, youth, farmers, and women. The budget is expected to reflect the government’s tried and tested formula of ‘guarantees’ by opting for income transfer policies and spending more on welfare schemes in government campaigns in India. Allocations for existing schemes such as 'Housing for All’, MGNREGA, and health insurance for these sections of society are likely to increase while new schemes may be introduced". According to Badal Yagnik, CEO of Colliers India, the real estate segment is optimistic regarding this budget: "Housing, infrastructure development, sustainability, and digitization will remain at the core of the budget, which will go a long way in supporting real estate growth across segments in the long term. EV infrastructure, renewable energy, and green financing will continue to remain in focus, creating a strong base for a sustainable future. Incentivization of green buildings through minimum alternate tax or tax breaks similar to the infrastructure sector will be particularly beneficial. Meanwhile, retail investors are calling for additional rationalizing of the capital gains tax structure. The Union Budget 2024–25 should explore initiatives to boost greater retail engagement in REITs and InvITs". Anooshka Soham Bathwal, founder of Dhanvesttor, a financial management platform, expects that the government's focus is likely to keep driving the increased participation of women in the workforce in the upcoming full budget, where it can attain the same by incentivising higher education for women. "To promote entrepreneurship, the government can introduce special benefits for the businesses started by women. Further steps towards a stable policy environment and ease of doing business are also desirable. Incentives on tax, funding, and growth for women-centric organizations can help to further attain the inclusive growth objective of government". Bathwal also emphasized that the budget should promote entrepreneurs and the country's startup system. "Entrepreneurs are advocating for additional tax breaks for investors and promoters to attract more domestic capital. As India progresses towards becoming a global hub for entrepreneurship and innovation, fostering both technological and process innovations is crucial. Significant improvements in ongoing training and skill upgrades are vital, particularly given the rapid growth in Tier 2 and Tier 3 markets. Additionally, the government needs to address the credit challenges faced by SMEs", she continued Also read <a href="https://www.businessinsider.in/budget/budget-2024-heres-what-indias-elderlies-want/articleshow/111486023.cms" data-type="tilCustomLink">Budget 2024: FM might delight India's senior citizens this time around</a> <a href="https://www.businessinsider.in/finance/union-budget-2024-25-when-will-it-be-presented-what-to-expect-and-more/articleshow/111014203.cms" data-type="tilCustomLink">Union budget 2024-25 : When will it be presented, what to expect and more</a>

Budget 2024 to fuel stock markets: Bloomberg Survey

<keyword id="6355629" type="General" weightage="100" keywordseo="google" source="Orion">Google</keyword> on Tuesday announced its <keyword id="14193636" type="General" weightage="20" keywordseo="Startups-accelerator-programme" source="Orion">startups accelerator programme</keyword> that will nurture about 20 startups led by women founders in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>. The programme is aimed to help women founders address challenges that are unique to their experience, including fundraising, hiring and many others. The inaugural batch of Google for <keyword id="8826137" type="General" weightage="20" keywordseo="Startups-Accelerator" source="Orion">Startups Accelerator</keyword> - India Women Founders programme will accept up to 20 women-founded/ co-founded startups in India, including startups at the minimum viable product stage, and support them through a three-month programme. The programme will place special focus on areas like access to networks, access to capital, hiring challenges, mentorship and many others which, for a variety of social reasons and low representation, prove challenging for female founders. In addition to these, the curriculum will include workshops and support around AI/ML, Cloud, UX, android, web, product strategy and growth, as well as provide access to a global community of women founders. India is the world's third largest startup capital, trailing only the US and China. It boasts over a 100 unicorns with 22 getting added to the list just in 2022, spanning verticals such as e-commerce, healthtech, fintech and many others. However, only 15 per cent of these <keyword id="3357129" type="General" weightage="20" keywordseo="Indian-unicorns" source="Orion">Indian unicorns</keyword> have one or more women founders. "The new programme is part of a larger effort by Google towards improving the representation of women across different sections of India's digitally-trained workforce, be it entrepreneurship, professionals looking to upskill or young graduates seeking a head start on their career, with the ultimate objective of making technology universally relevant and helpful," the tech giant wrote in a blogpost. The applications for the programme are open till July 10, it added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-and-disney-to-get-into-an-intense-bidding-war-for-another-ipl-package-heres-why-it-matters/articleshow/92203554.cms">Mukesh Ambani and Disney to get into an intense bidding war for another IPL package – here’s why it matters</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/elon-musk-lost-as-much-as-mukesh-ambanis-total-wealth-in-2022/articleshow/92203221.cms">Elon Musk lost as much as Mukesh Ambani's total wealth in 2022</a>

You Searched For "Indian entrepreneurs" and got 6 results

11 under-30 founders named in Hurun India’s Future Unicorn Index 2024

Kunal Kambli

Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report

PTI

Indian-American tech entrepreneur Vivek Ramaswamy announces Republican bid for President in 2024

IANS

India shows eagerness to upskill as it aims at a $4 trillion economy

Anagh Pal

Budget 2024 to fuel stock markets: Bloomberg Survey

Ira Alok Puranik

Google to launch accelerator programme for women entrepreneurs in India

IANS

Popular Keywords

Buying Guides