Start_upinfo

CNBC-TV18 recently reported that Godfrey Phillips will sign a term sheet with the startup New Shop to sell 24Seven, its retail business. According to CNBC-TV18, the two parties hope to conclude the transaction by the end of this month following the signing of the term sheet. Sources have likewise approved the commencement of the exchange of shops and resources of the retail business to the New Store. The leading body of Godfrey Phillips chose to leave the retail business in April 2024. Between Bina Modi, the managing director of Godfrey Phillips, and her son, Sameer Modi, the current Executive Director, a serious inheritance dispute led to the resolution. Sameer Modi had gone against the offer of the retail business. However, a Delhi court dismissed Sameer Modi's concerns in July 2024, allowing the business to decide whether to sell the retail business in the future. Established in 2019, the retail fire up, New Shop works across 35 urban areas, with 160 general stores, working 24 hours. The continuous advertiser debate at the KK Modi Gathering, explicitly at Godfrey Phillips, began in 2019 with the passing of KK Modi. After his end, the mallet was passed to his significant other Bina Modi and that started a progression fight with her children - Samir Modi and Lalit Modi. Lalit couldn't help contradicting Bina Modi's height as MD of Godfrey Philips and began mediation procedures against her. He advocated for the family to split the proceeds from the sale of the business. In a new meeting with CNBC TV18, Samir Modi upheld his sibling to sell the organization and finished the debate. According to CNBC-TV18, the Nomination and Remuneration Committee (NRC) rejected Samir Modi's request to be reappointed as Director. To this end the impending AGM on Sep 6 is huge. Investors will presently settle on two pivotal boundaries - One, whether to reappoint Bina Modi as MD. What's more, the subsequent one is whether to dispose of Samir Modi from the Board. As per sources, Samir Modi remained against the reappointment of Bina Modi as the MD of Godfrey Phillips. #retailchain #24seven #startupinfo #trendingpost #trending #trendingnow #viralpost #businesstips #business

Dipali Goenka was born in 1969 in Jaipur, India, into a Marwari family with a long history of business success. She married Balkrishan Goenka, the co-founder and chairman of the Welspun Group, in 1987 at the tender age of 18, after completing her education at the prestigious Maharani Gayatri Devi Girl's School. Her personal life would be shaped by this union, as would her remarkable professional journey. Dipali's transformation from a housewife to a business leader did not happen overnight. She joined her husband's textile business, Welspun, in 2002. At first, she was in charge of the design studio. She worked hard to learn everything about the business, from buying cotton to manufacturing processes and machine operation, during this time. She quickly gained the respect of her coworkers thanks to her hands-on approach and keen attention to detail, which laid the groundwork for her future success. Welspun embarked on a remarkable growth and diversification journey under Dipali's leadership. The company established itself as a major player in the sector worldwide by building Welspun City, a sprawling textile manufacturing facility covering 2500 acres in Gujarat, in 2004. Dipali was in charge of the 2006 acquisition of Christy, a well-known 1850-founded manufacturer of household linens, which added to Welspun's product line and global reach. Dipali continued to advance within the business, and in 2010, she was promoted to CEO of Welspun's global business. She was the joint managing director by 2014, in charge of the company's operations and strategic decisions. Under Dipali's direction, Welspun continued to expand and diversify despite the setback. The organization extended its presence to 32 nations, including the US, Joined Realm, Europe, Canada, and Australia. Under Dipali's initiative, Welspun has proceeded to develop and flourish. Her strategic vision and unwavering dedication to excellence have earned the company a staggering Rs 18,348 crore value. #DipaliGoenka #WelspunGroup #startupinfo

Nisha Madhulika is now one of India's most successful YouTubers, with over 14 million subscribers. She used to be a teacher. She started her YouTube channel in 2011 at the age of 52 to pursue her passion for cooking rather than teaching. She has uploaded over 2200 instructional videos and has established herself as a respected name in the culinary industry thanks to her straightforward, straightforward recipes that make use of common ingredients. The power of the internet and how dedication can turn a passion into a successful career are brought to light by Nisha's meteoric rise to fame. She currently oversees a prosperous digital empire with a net worth of approximately Rs 29 crore. Millions continue to be inspired by her story, which demonstrates that it is never too late to pursue one's dreams. #NishaMadhulika #YouTubeChef #Inspiration #DigitalSuccess #CulinaryJourney

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The story of Ravi Pandit demonstrates the power of perseverance, strategic thinking, and adaptability to shifting market conditions. Naturally introduced to an unobtrusive Marathi family in Pune, Pandit opposed the chances and fabricated an innovation stalwart that today brags a valuation over Rs 49,500 crores. Ravi Pandit's process started with humble roots. Subsequent to finishing his sanctioned bookkeeping degree, he had the potential chance to seek after a graduate degree at the esteemed MIT Sloan School of The board in the US. However, the educational loan he had taken on amounted to a staggering Rs. 1 lakh in annual payments, while his family’s income was a mere Rs. 15,000. Undeterred, the 25-year-old Pandit took matters into his own hands and secured a job at Grant Thornton in Chicago, where he diligently worked for a year to pay off his entire loan. #RaviPandit returned to India with a wealth of experience and a clear vision for the future after his loan was paid off. His dad's ten years old firm, Kirtane and Pandit Contracted Bookkeepers, had essentially centered around bookkeeping administrations, yet Pandit perceived an undiscovered open door. He noticed that IT-based consulting had not yet taken off in India, but accounting firms in the United States were heavily involved in it. Pandit formed KPIT Infosystems, an IT-based consulting firm, with two of his coworkers in 1990 to start a new venture. Pandit took a different approach than competitors like TCS, Wipro, and Infosys, which were concentrating on offshore software development centers. He changed the game by positioning KPIT Infosystems as a provider of on-site software development services. The technology industry experienced a boom toward the end of the 1990s, with the dotcom bubble reaching its zenith in 1999. In a worldwide IPO frenzy that year, a staggering 565 tech companies went public.

Reliance Industries, India's largest conglomerate, disclosed in its annual report that it reduced hiring and focused on cost efficiency when it laid off 42,000 employees in FY24. It is consistent with the staggering 63 750 layoffs that India's top IT companies, such as TCS, Wipro, and Infosys, made in FY24. Compared to the previous year, when it hired 263,000 people, the company only hired 171,000. Over 143,000 of those workers chose to leave on their own accord.   At the end of the year, the largest vertical, Reliance Retail, had around 207,000 employees, down from 246,000 the year before. In the retail sector, the company observed high employee turnover, particularly in in-store operations. Despite raising $1.85 billion in funding, Reliance Retail saw its revenue decline, prompting the layoffs. The unit reported a modest increase in revenue of 7% in the first quarter compared to the previous year, far below analysts' expectations of 15% to 20%. In addition, Reliance Retail only opened 82 new stores in the quarter, a significant drop from the average of 740 stores per quarter for fiscal year 2023. #BusinessNews #Startuppedia #Reliance #Mukeshambani

One of India's best bowlers, Jasprit Bumrah, showed off his skills against South Africa on June 29, 2024, demonstrating why he is so important to Team India. He has an annual salary of Rs 7 crore and falls into the Grade A+ category of the BCCI. He also makes a lot of money from his IPL contract with Mumbai Indians. Sanjana Ganesan, a well-known sports presenter and former model, is Bumrah's spouse. Sanjana began her career as a software engineer before moving into television. She has hosted major events like the 2019 ICC Cricket World Cup. She is thought to be worth Rs 8 crore and makes between 20 and 40 lakh per TV appearance. In a private ceremony held in Goa on March 15, 2021, the couple got married. #cricket #cricketfans #cricketlover #bumrah #bumrahbowling #bcci #bcciindiancricket

Rapido, a ride-hailing startup based in Mumbai, has received new funding totaling $120 million, led by WestBridge Capital, and is now valued at $1 billion, making it a new unicorn. After Krutrim and Perfios, Rapido is the third startup this year to become a unicorn. Following a time of slow subsidizing, the startup business is seeing bigger arrangements once more. This year, Zepto raised $665 million, and Purplle raised over $100 million. With the proposed expulsion of the heavenly messenger charge, startup financing is supposed to increment. #StartupFunding #Rapido #Unicorn #WestBridgeCapital #TechNews #Investment #MumbaiStartups #FundingRound #StartupEcosystem

The story of Ameera Shah is one of extraordinary vision, unwavering determination, and a commitment to excellence that never changes. Naturally introduced to a group of conspicuous specialists Dr. Sushil Shah and Dr. Duru Shah, Ameera's way separated from the customary clinical course, driving her on an exceptional pioneering venture that has changed the medical services scene in India. Ameera Shah had it all as a young professional: a lucrative position at Goldman Sachs in the United States, a promising career in finance, and the allure of the American dream. However, she was unable to ignore the call of her roots and the desire to leave a lasting impression. Ameera made the brave decision in 2001, when she was just 21 years old, to leave her high-paying job and return to India in order to give the pathology business owned by her family new life. Ameera's landing in the privately-run company, then, at that point, known as City Lab, denoted the start of a noteworthy change. Perceiving the holes in her dad's manual activities and the absence of mechanical mix, Ameera immediately set off to upset the business. She presented state of the art innovation, smoothing out cycles and driving proficiency. She started an ambitious expansion plan to turn Metropolis Lab into Metropolis Healthcare, a multinational chain of 125 diagnostic centers in seven countries, extending her strategic vision beyond the initial lab. #Metropolis Healthcare's revenue has skyrocketed from $1.5 million to a staggering $90 million under Ameera's leadership, and the company's workforce has grown from 40 to 4,500 employees. Ameera successfully led the company's public listing in April 2019, further establishing it as a major player in the Indian healthcare sector with a market capitalization of Rs 10,453 crore. Ameera is an independent director at Torrent Pharmaceuticals Limited, Shoppers Stop Limited, and Kaya Limited, as well as a board member at Marico Kaya Enterprises Limited. She is also a member of AXA's global advisory board and a Baylor College of Medicine advisor. #trendingpost #trending #trendingnow #viralpost #startupinfo #businesssuccess #business #businesswoman

Grow The Funguy is a mushroom agri-tech startup that was founded in 2022 by Adam Shamsudeen and Raeesa Manaal. It offers the best materials for growing mushrooms at home. Adam Shamsudeen lived comfortably with his parents in Saudi Arabia until his father, an engineer, suffered a significant heart attack when Adam was in the 11th grade. For his treatment, the entire family returned to Kerala, India. Adam discovered the advantages of including mushrooms in one's diet while conducting research on healthy living. As a result, Adam and Raeesa Manaal, his wife, set out on a mission to use mushrooms to improve people's health under the brand name "Grow The Funguy." The agri-tech startup sent off its most memorable item, an easy to understand mushroom developing pack evaluated at Rs 699, which is a distinct advantage. Anyone could easily grow fresh, organic mushrooms at home with this cutting-edge kit. Then came Adam's "Mushpellets," which were invented. These pelletized mediums, completely natural, definitely worked on the mushroom-developing cycle for ranchers. "Farmers can simply place the seed in hot water. Raeesa explains, "The mushroom grows without any further effort." The co-founder added, "Our innovative Mushpellets have helped the farmers generate Rs. 6 crore revenue so far." Since then, Grow The Funguy has expanded its product line to include a variety of supplements based on mushrooms, do-it-yourself kits for budding mushroom farmers, and exotic mushroom varieties like Lion's Mane and Reishi. The startup's first year was difficult because they only made between Rs 2 and 3 lakh in revenue. However, the mushroom brand's revenue in FY24 exceeded Rs 1 Crore. #entrepreneurship #entrepreneurmindset #madeinindia #businessindia #startupfounders #businessnews #indianstartups #business #businesswoman #businessowner #businesstips #trendingnow #viralpost #trending #trendingpost