Tag: entrepreneurs

Forbes 30 under 30 Asia 2024 list: India’s trailblazers in the art & style and food & drink categories

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

‘Younger entrepreneurs have no fear of failure’: Kedaara Capital founder Manish Kejriwal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Founder and Managing Partner of Kedaara Capital, Manish Kejriwal, highlighted that there is no longer a fear of failure among the younger generation in the country’s entrepreneurial segment. Speaking during a panel discussion at CNBC-TV18’s India Exchange programme on Thursday, April 4, in Mumbai, Kejriwal said that the mindset of “the old fallacy of if the company doesn’t work, we will be finished” has evolved.

Pointing out the trend witnessed by the investment management companies, Kejriwal said, “For us as private equity, a lot of the investments are essentially first and second-generation entrepreneurs, who are not able to convince their kids to go into the industries that they had started in the 80s, and 90s.”

Investment management companies like Kedaara are solving a succession problem, not an investment problem, he added.

While praising Gen Z’s for the ideas they are coming up with, Kejriwal stressed that the two biggest sources of “entrepreneurial juice in India” are no shame for failure and the availability of capital.

During the discussion, Kejriwal also proposed to replace the yearly budgetary ritual with a system in which the government sets the financial plans and policy directions every three to five years.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

We need to take a hard look at who is framing the rules and if they work for women: Akshita M Bhanj Deo

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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“There’s this idea that we’re getting the focus on women’s education and if we focus on women’s education that’s going to make sure that they’re going to draw join the labour force, but we know that’s not true,” said Akshita M Bhanj Deo, a culture writer and Director of Belgadia Palace at a She Shakti event during a panel discussion on women entrepreneurs.

During the discussion, Deo challenged the notion that increased emphasis on women’s education would automatically lead to greater representation in the labour force. “While education is undoubtedly pivotal, it’s a misconception that it’s the sole driver of women’s workforce engagement,” she remarked. “We need to scrutinise the societal norms and workplace structures that impact women’s choices.”

Drawing from her own journey, Deo highlighted the importance of fostering a conducive work environment. “Sometimes, even seemingly small steps can make a significant difference,” she asserted. “For instance, having facilities like sanitary napkins available in workplace restrooms can have a profound impact on women’s comfort and sense of belonging.”

Deo’s experience, both in the corporate sector and in her role at an industrial nonprofit in Mumbai, has provided her with a nuanced perspective on the subject. She said that the need for an inclusive approach that considers the diversity of women’s experiences. “Our conversation about women in the workforce must extend beyond urban, white-collar settings,” she stated. “Rural women, those from indigenous communities, and transgender women all face distinct challenges that need to be addressed.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Coach-Soch: Procrastinate on procrastination

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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To question is to think.
To think is to introspect.
To introspect is to seek.
To seek is to be aware.
To be aware is when the journey begins.

Procrastination is telling

It is easy to postpone.

It is easy to delay.

It is easy to say, not now.

It is easy to pretend that we are working on that project, and things are getting delayed.

It is easy to find excuses for not having even started the project.

Most of us do this many times.

Successful leaders know the difference between what to wait for a decision and what to decide with available data.

Procrastination is the action of unnecessarily and voluntarily delaying or postponing something despite knowing that there will be negative consequences for doing so. The word gas roots from the Latin word procrastinatus, which itself evolved from the prefix pro-, meaning “forward,” and crastinus, meaning “of tomorrow.”

Fear of failure

Entrepreneurs are brave. They don’t fear the unknown. They are always full of high energy. Scratch the surface and you will learn a thing or two.

Most entrepreneurs are worried about taking a bad decision. To avoid such a bad decision scenario, they end up spending time on things that don’t matter or don’t deserve attention. Just until they are confident that their decision will work out well.

Is this perfectionism? Yes, it is. Many entrepreneurs want to have perfection in everything they do. Some of them accept that the ideal world is not perfect and accept that decisions and outcomes won’t be perfect all the time.

Some of them simply have not done sufficient groundwork or what they feel is sufficient groundwork. They keep stalling decision-making.

Yet, as an entrepreneur, the deadline is in your mind. You might feel that any delay is only going to impact you alone. That’s where the mistakes multiply. Your decisions or decision delays impact everyone in your team and your stakeholders. It might be tempting for you to delay your decisions and find comfort in other easier decisions or other projects which are far more creative.

Why delay?

Not having fun anymore?

Not feeling interested in your project?

Want to simply doodle?

Want to simply channel surf?

Think back to the last time you started a new project. You probably felt excited about planning that consumer acquisition program or that new tech revamp or even hiring a CTO for your team.

Why is this project not interesting to you? Why is it making you postpone or procrastinate? Is there any nagging fear of failure? Or lack of interest in the project at all? You may want to introspect why.

You probably are witnessing something different from your usual work persona.

If you think this well, you might realise that something about that project may not feel right. You may not be able to articulate it. Probably that’s why you are simply avoiding doing it or even starting with it.

Still stuck?

Are you having so many pending things that you are not sure where to start?

So many people waiting for your actions? So many projects are pending your input or decisions?

In order to warm up yourself, are you simply trying to do low-impact projects or tasks that keep you in a routine, but don’t add value to the larger picture?

Are you finding yourself worried about the size and scale of the project? Are you trying to behave as if it does not worry you?

Inertia & intent

Procrastination slows down your productivity and keeps you from reaching your goals.

No doubt that you should overcome it.

It’s important to be conscious of your motivations, goals and priorities. Not just because this will help you to stop procrastinating, but also because it will help you with many other challenges. But start now. No more pauses, please.

— The author, Srinath Sridharan is a Corporate Adviser and Independent Markets Commentator. For other articles in the Coach Soch series, click here.

(Gender representation of his/he is only representative and the leadership learnings here are gender-neutral)

Disclaimer: The above observations are from the author’s experience in coaching — mentoring many individuals across hierarchies, geographies, industries and life stages of organisations and ideas.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Coach-Soch: A short break can be stronger recharge

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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To question, is to think.

To think, is to introspect.

To introspect, is to seek.

To seek, is to be aware.

To be aware, is when the journey begins.

It’s been ages since you took a holiday.

Even Sundays or other holidays seem busy with work, family, calls, emails, messages, trying to hide work from family, trying to act that you are there with family… sounds familiar ?

Being busy all the time can add to your stress and can even put you under emotional bind. As an outcome, it becomes tough to focus and think clearly. Not to mention the health related issues like feeling edgy and irritated, sleeping disorder, and mood swings. Yet even the most rational of us go through this feeling that we can’t afford to take off — either for a short break during the day or a short holiday.

Engine overheated

Think of your car. If it’s engine is overheated, and the coolant can’t cool it fast enough, the car would stall. Same is with our brain and the physical energy.

A look at the animal kingdom teaches us a lot. Even the fastest amongst the animals, get their break or downtime after a hunt. They take a break to regain back their strength and energy levels.

Sadly, most of the workforce industry — be it the corporate world, entrepreneurship, new age digital economy firms — continue to use time spent on work as a productivity metric. This has not only shaped our thinking that we need to put in more hours at / for work. Also there are many experts who push us to hustle and hustle more towards success. Will these build up success ?

For almost all of us, burn out is a syndrome that could be an outcome. We have to learn that it is ok to take a short break in a crazy day. It is ok to take short 2-day detox break or holiday to recharge. You don’t need to wait till you have ticked every item on your checklist. After all, have not you realised that longer your worked on a task, at times you got sidetracked or hazy. Welcome to the world. Most of us feel the same way.

Productivity

Productivity is not getting things done. It is actually getting all those things well. To achieve higher quality of your work, you need to be at your peak performance. Work is like a marathon. It is not a sprint. In a marathon, you pace yourself. You listen to your body and it’s rhythm. Try the same with work. Take a break when your body or mind wants one.

We are wired to throw ourselves onto tasks which we think are difficult and which challenges us to find a solution. We forget that challenges need our creativity to help us find solutions. Creativity needs calm thinking and plenty of energies. This makes another reason for us to take a short break, before or in midst of our work pace.

There are more research that emerge every now and then to prove these. Be it that helps in talent engagement levels, or reducing work stress, or making workforce more productive.

Timing and duration counts

For some, a short 20 min break during the day helps. It could be to play a video game or simply chit chat over coffee or take a quick walking or running break.

For some, a hour long break is needed to get their batteries recharged.

For some, taking a quick day long break or a hiking trip helps them recharge.

The point is simple — Each of us have a recharge category that works well for us. You have to decide what type of break, for how long, and how frequently do you need one. To simple make you more productive and efficient.

Importantly breaks should not be your reward to yourself for completing your checklist. After all, you have a human identity than just your work. It’s okay to take a break …

— The author, Srinath Sridharan is a Corporate Adviser and Independent Markets Commentator. For other articles in the Coach Soch series, click here.

(Gender representation of his/he is only representative and the leadership learnings here are gender-neutral)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Coach-Soch: When founders feel an emptiness

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Many a times, one feels empty.
Almost like this blank screen….
Zero thoughts.
Feeling of being in a vacuum.
No new ideas.
No sense of urgency to react or to act on various stimuli. Be it meetings, mails, decisions awaited from you.

Such dilemma

Well, once in a while, the founders go through this type of Vacuum patch too. The feeling of emptiness.

This could happen for a variety of reasons – medical condition (physical/ mental), being bored, depression, insecurity, stress, and even not relating to what you do. If the vacuum patch continues for long time, check with your physician for an assessment.

Most of us, as working professionals or entrepreneurs, sometimes wake up with the feeling ‘there is no important reason to get up today to even go to work’. Such an emptiness feeling is something almost all of us see from time to time. To overcome such a feeling is important. It is okay to feel so.

Some people succeed in overcoming such a feeling by taking up something new to experiment – writing, painting, cooking, gymming, outdoor sports, travel, meditation, etc. many succeed by simple taking up a routine.

Sometimes the feeling of emptiness seems haunting or worrisome. You might feel that there is nothing to look forward to. But there also lies a solution. If you can find out something worth working towards, even if it’s a minor hobby or goal, that can pep you up. Many have found greater energy boost with winning a video game or a personal goal to complete certain number of kms to run or to cycle. Cherish those smaller joys. Celebrate every small step. Be it that of your completing a 7 km run or the deep cleaning of your wardrobe that you have been postponing for many months or that simple post dinner walk that you went with your family after ages. In smaller joys are the deeper impact.

How do these help ?

As humans, we end up missing the smaller and simpler joys of life, in the name of chasing larger personal and professional goals. You want to build an enterprise, but forget that you are the Hero for your children — and you keep missing their school events where they await showing off their skills to you.

Sometimes, you might find yourself staring at a situation that you have tried solving or changing. Once you realise that it’s not worth attempting any more or that you don’t want to try any further, make that acceptance wholeheartedly. The only time to step out of the situation, be it at work or in personal life, is when you don’t have any more passion towards the situation you are trying to resolve. If it’s something you are passionate towards, it’s worth trying even 10,000 times even if you failed each successive time.

Sometimes you might not able to crack an idea or even get through that individual investor who is not supportive. Whether it’s feeling ineffective in your role or organisation, despite your designation, feeling of emptiness and helplessness is okay. Yet you might be forced to maintain that facade of normalcy, for the others in your team or family derive comfort and inspiration from your actions.

Identified the feeling

Accept your emotional state. Accept the feeling of emptiness. You are not alone. It is okay to feel so.

You are a leader. You can create an environment at work to add joy and contentment to your colleagues. What’s stopping you from starting some of those passion projects?

You are an important person in your family. What’s stopping you from taking charge of few other roles that you can play at home?

No one is stopping you. You are the one to initiate. And it’s in your mind. Just start and don’t procrastinate.

— The author, Srinath Sridharan is a Corporate Adviser and Independent Markets Commentator. For other articles in the Coach Soch series, click here.

(Gender representation of his/he is only representative and the leadership learnings here are gender-neutral)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Entrepreneurs to take country to higher growth, prosperity: Marico chairman

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Entrepreneurs will lead the country to higher growth and prosperity, Marico Chairman Harsh Mariwala on Monday opined and suggested businesses adopt a transformative ‘digital approach’ for sustainable growth. Highlighting the role of digitisation, Mariwala said the industry should prioritise their digital initiatives and avail this business growth opportunity with the right approach.

Mariwala, who on Monday was awarded AIMA Life Time Achievement Award, said entrepreneurs have a huge role to play in the development and they should be helped and promoted by the industry.

“Entrepreneurs create a lot of wealth for stakeholders, whether it is for themselves or associates or customers also. Entrepreneurs are only going to lead India into a different economic growth and we cannot be dependent on the government for increasing our growth. It is only the entrepreneurs, who will make India prosperous,” said the Marico chairman in his virtual interaction at AIMA foundation day. Mariwala, through his ASCENT Foundation, is working with 800 entrepreneurs all over India.

Also Read | Maaza bigger than Coke with Rs 2,826 cr sales in FY21, Limca at Rs 2,061 cr

Besides, he is also working on mental health initiatives, with a focus on making mental health treatment accessible to marginalised and disabled persons and communities in rural areas. When asked about digital companies performing better than the traditional companies, Mariwala said now the companies “would have to look digital from an ‘opportunistic lens’ with the right approach”.

“It is going to hit you. It is one of the prime topics at board level…,” he added. “You would have to identify your digital road map in the business you are in… you have to prioritise that and then decide whether you want to invest into the digital market… then have people who are experts in digital,” Mariwala said.

He suggested that business leaders should recruit people who are digital savvy and are very young. “You have to learn from them and do not give them any other responsibilities and let their whole time spend on organisation going digital,” he said.

Mariwala also said the constitution of the board is very important and should have been based on the competence of people. “For example in FMCG business, the competence is required in marketing, sales and distribution. We have a digital expert on board because this is also important. Now all organisations are more aggressive on the digital front,” he said.

Also Read | Backstory: When Cadbury battled Nestle over the Colour Purple

Most of the issues discussed in the board are strategic and several committees such as audit play a different role, the Marico chairman said. While remembering his old days, Mariwala, founder of FMCG maker Marico, said he had started his business in 1970s when there was license raj in the country and had to “grease some palms and use networks” to start.

“I also did not like the b2b business, where you have to meet buyers and take them for dinner. I was very comfortable talking to general trade, like distributors, retailers and others. It suited me and liked to interact with final consumers,” he said adding that he has learned a lot in his journey. Over a period of time, he started expanding and building his two FMCG brands – Saffola and Parachute – and witnessed positive results of advertising.

“If I look back at my own journey, where did we get those breaks in terms of increased market share? It occurred whenever we did something very different. In a highly competitive environment, it is very important for any entrepreneur to identify to right to win. It is very difficult to win in a crowded marketplace if you are not differentiated,” he said. This differentiation can only come from innovation or through a pioneering initiative, he added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Govt rolls out Rs 945 cr fund for startups, aim to support domestic entrepreneurs

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Commerce and Industry Minister Piyush Goyal on Monday expressed hope that the Startup India seed fund scheme would support domestic entrepreneurs and their business ideas that often cannot take off due to the absence of critical capital at an early stage. The scheme was announced by Prime Minister Narendra Modi in January to support startups and help budding entrepreneurs pursue innovative ideas.

Goyal said good ideas often get bought out by international venture capitalists at throwaway prices. ”The idea behind the scheme is to ensure adequate availability of funds, particularly to startups with good ideas in different fields. I do hope that this scheme will support our domestic entrepreneurs and their business ideas that often cannot take off due to the absence of critical capital at an early stage,” Goyal said while launching the scheme.

He also exuded confidence that the scheme will secure seed funding, inspire innovation, support transformative ideas, and facilitate the implementation of those ideas. He added that smaller towns are often deprived of adequate funding and this scheme will create a robust startup ecosystem in Tier 2 and Tier 3 regions of India.

It will be implemented from April 1, 2021. The Rs 945 crore corpus will be divided over the next four years for providing seed funding to eligible startups through eligible incubators across India. The government has constituted an Experts Advisory Committee(EAC) which will be responsible for the overall execution and monitoring of the scheme.

Over 7,500 new startups are incorporated every year and it is essential to provide seed funding to startups with innovative ideas to conduct their ’Proof of Concept’. The scheme is being launched by DPIIT (Department for Promotion of Industry and Internal Trade) to support this early-stage startup funding.

It would provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry and commercialization. The scheme aims to support an estimated 3,600 entrepreneurs through 300 incubators. The online portal created by DPIIT for the scheme will allow incubators to apply forfunds under it. Grants of up to Rs 5 crore shall be provided to the eligible incubators selected by the EAC.

The selected incubators would provide grants of up to Rs 20 lakh for validation of Proof of concept, or prototype development, or product trials to startups. Further, investments of up to Rs 50 lakh will be provided to the startups for market entry, commercialization, or scaling up through convertible debentures or debt-linkedinstruments.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Farm reforms will help turn farmers into entrepreneurs: PM Modi

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Prime Minister Narendra Modi on Tuesday said his government’s ’historic’ farm reforms will create opportunities to take farmers to entrepreneurship and added his regime is focused on increasing their income. Modi was speaking after releasing the autobiography of former Union Minister Balasaheb Vikhe Patil and renaming the Pravara Rural Education Society in Ahmednagar district after the Padma Bhushan recipient, via video conferencing.

Terming the farm reforms as historic, the prime minister said, ”Today opportunities are being created to take farming and farmers from the role of annadata (food provider) to entrepreneurship.” Referring to high milk, sugar, and wheat production in Gujarat, Maharashtra, Haryana and Punjab, Modi said such models of local enterprise will take the country forward. He said there was a time after Independence when the country did not have sufficient food stock.

”The government’s priority then was to increase food production. So the entire focus was on increasing production. Farmers toiled hard to achieve the objective,” Modi said.

”But governments and policies did not pay attention towards the profitability of farmers while being concerned about increasing productivity. ”People forgot about income for farmers. But for the first time, this thinking has been changed,” he said and listed steps the Centre has taken for the welfare of farmers.

Also Read: All you need to know about agriculture reform Bills and why farmers are against them

Noting that the COVID-19 threat still persists, Modi called for observing social distancing norms and maintaining effective personal hygiene.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Turn crisis into opportunity, Gadkari tells entrepreneurs

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

In order to boost the morale of the entrepreneurs who have been suffering due to the lockdown, Union Minister Nitin Gadkari has been talking to various stakeholders and telling them not to lose hope. Gadkari has been using social media and other means like video conferencing to reach out to people, entrepreneurs and industry leaders.

Gadkari is even reaching out to foreign students, seeking their suggestions on how to bring the battered economy back on track. He believes only dialogue can solve problems.

According to a top official of the MSME ministry, Gadkari makes a point in all meetings that there is a need to convert this crisis into an opportunity. “He tries to instil a sense of hope amidst all the gloom. It has positive impact on the stakeholders as it is coming from none other than a minister,” the official said.

He held a talk ‘Response to global pandemic, Roadmap for India’ with students of Indian origin living in 43 countries including Britain, Canada, Singapore and Australia recently. During the talk he appealed to them to play an active part in the fight against the coronavirus and said that the youth have the ability to take the country forward. He asked them to work on innovative ideas in this direction. He also asked them to take advantage of the situation arising from the world’s disillusionment with China.

During a recent meet with representatives of Assocham on reviving the MSME sector, Gadkari said that the Japanese government has recommended a special package for its industry to pull out of China and invest elsewhere. Gadkari termed it a big opportunity for India to take advantage of the situation. “There is a need to forge new partnership to establish joint ventures in India to attract global firms. We need to meet the global demand apart from meeting domestic demand as many companies now want to get out of China.”

Gadkari also emphasised on the need to lessen the burden of big cities such as Gurugram, Delhi and Mumbai as economic drivers. He said there is a need to create economic and industrial clusters outside the big cities to drive growth.

Gadkari said currently work on 22 expressways is going on at a fast pace. The Delhi-Mumbai Expressway is one of them where there is an opportunity of investment in IT Parks, Logistics and industrial units.

Gadkari has spoken to representatives of Ficci, Assocham, CREDAI and leaders of other business organisations since the lockdown came into force on March 24.

According to ministry officials, Gadkari has reached out to at least 10,000 industry leaders during the lockdown period and has discussed its economic fallout and how to revive the economy post lockdown.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow