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Women-led startups rise to 18% in past five years: Report
- Women-led startups in India have seen significant growth over the past five years, with their share increasing from 10% of the total in 2017 to 18% in 2022, according to the WISER's Women in India's Startup Ecosystem Report.
- The number of Indian startups has surged from approximately 6,000 in 2017 to 80,000 in 2022, and during this period, the number of women-led unicorns (startups valued at over $1 billion) has also increased from 8% to 17%.
- Funding for Indian startups by venture capitalists (VCs) has risen from $5.9 billion in 2017 to $21.9 billion in 2022. The share of funding directed towards women-led startups has increased from 11% to 20% during this time.
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Edelweiss CEO's post after Narayana Murthy's ‘70-hour work week’ remark is viral
- Infosys founder Narayana Murthy's statement about Indian youth working 70 hours a week for increased productivity sparked mixed reactions on social media.
- Radhika Gupta, Edelweiss MF's MD and CEO, highlighted that many Indian women have been working more than 70 hours a week for years, contributing to India's growth and raising the next generation.
- Gupta's post received significant attention on social media, with users praising the tireless dedication of Indian women and recognizing their crucial role in India's progress.
- Some users shared personal experiences, expressing appreciation for the efforts of both Indian women and men in managing demanding work and family responsibilities in cities like Mumbai.
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Musk an 'Engineer,' Bill Gates a 'Leader': New research reveals founder personality traits
- The study identified six distinct founder personality types, including "leader," "accomplisher," "operator," "developer," "fighter," and "engineer."
- Bill Gates is cited as an example of a "leader" personality type, known for his openness to adventure. Melanie Perkins, co-founder of Canva, exemplifies this type with her determination and adventurous spirit.
- Jeff Bezos is classified as an "accomplisher" due to his meticulous planning and long-term vision, which contributed to Amazon's success. Elon Musk is characterized as an "engineer" with limitless imagination and profound intellect.
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Key takeaways from the 2023 G20 summit in New Delhi
- Softened Stance on Ukraine: G20 refrained from directly criticizing Russia for Ukraine war, instead emphasizing non-acquisition of territory by force.
- African Union Membership: The AU officially became a G20 member, boosting Global South representation.
- Transport Corridor Initiative: US, India, Saudi Arabia announced plans for Middle East-South Asia-Europe rail and port links.
- Climate Change Progress: G20 agreed to triple global renewable energy by 2030 and acknowledged the need to phase out unabated coal power.
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Cognizant appoints six female Senior Vice Presidents to cultivate diversity in leadership
- Cognizant appointed six women as Senior Vice Presidents to diversify its executive team.
- The promotions include Elisa de Rocca-Serra as SVP, EMEA General Counsel and Contract Lifecycle Risk Management.
- Thea Hayden is now SVP, Global Marketing, leading an integrated marketing team for global audiences.
- Patricia (Trish) Hunter-Dennehy is the SVP, Healthcare Provider/Payor Business Unit overseeing healthcare operations in the US.
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JPMorgan CEO Jamie Dimon slams remote managers: ‘Not the way to build a great company’
- Jamie Dimon, CEO of JPMorgan Chase, criticizes remote managers, emphasizing the importance of accessibility for effective leadership.
- Dimon expresses skepticism about remote work, citing its potential hindrance to teamwork and creativity.
- JPMorgan Chase has approximately 60% of its workforce back in the office full-time, with some employees working remotely depending on their roles.
- The bank expects managing directors to lead by example and be present in the office five days a week, despite objections from some employees.
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Former Google engineer leaves company citing 'unstable AR leadership', receives invite from Microsoft on Twitter
- Mark Lucovsky, Google's Senior Director of Engineering for AR and XR, departs due to concerns over unstable commitment and vision in Google's AR leadership.
- Lucovsky has a notable background at Microsoft, Facebook, and other companies, contributing to the development of Windows NT and possessing extensive software stack experience.
- Eric Horvitz, Microsoft's Chief Scientific Officer, extends an intriguing invitation to Lucovsky, hinting at a potential reunion at Microsoft to advance the field of Augmented Reality. Horvitz tweeted, "Time to come home?.
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Burnout in the Workplace: A Growing Challenge Demanding Urgent Action
- Burnout is a persistent problem in the workplace, with 38% of professionals reporting higher levels of burnout compared to the previous year.
- The top factors contributing to burnout are heavy workloads, lack of communication and support from management, and insufficient tools and resources.
- The groups most affected by burnout are millennials, working parents, and employees with 2 to 4 years of tenure at their current company.
- Efforts to combat burnout should focus on fostering a healthy workplace culture, including open communication and support from managers. Measures such as encouraging time off, providing schedule flexibility, and offering guidance on prioritization can help alleviate burnout.
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Navnit Nakra, OnePlus India CEO leaves company to 'Follow Passion'
- Navnit Nakra, the CEO of OnePlus India, has stepped down from his position to pursue his passion, according to media reports.
- Nakra, who previously held the role of Vice President, Head of Sales, and Chief Strategy Officer, was elevated to the position of CEO and Head of OnePlus India earlier in 2021.
- OnePlus confirmed Nakra's departure, expressing gratitude for his contributions to the company and wishing him the best for his future endeavors.
- Despite the leadership change, OnePlus remains committed to India as a region and its community members, with plans to strengthen its focus in the country.
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Why companies are prioritizing soft skills?
- The pandemic has led companies to prioritize soft skills alongside technical abilities when hiring new employees.
- Turbulence caused by lockdowns and disrupted economies highlighted the value of retaining employees with collaboration skills and adaptability.
- Soft skills, such as leadership and teamwork, are now being prioritized alongside technical abilities.
- Communication and adaptability have gained importance, especially for roles involving remote or hybrid work.
- Job ads are becoming more inclusive, encouraging candidates who may not meet all criteria to apply, although companies may still have specific skill requirements in mind.
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Cisco CEO expresses gratitude to PM Modi, acknowledges leadership
- Cisco CEO Chuck Robbins met with Indian PM Narendra Modi on Wednesday, the same day the company announced it would start manufacturing in India.
- Robbins shared pictures from the visit on Twitter, thanking PM Modi for his leadership.
- PM Modi responded to the tweet, expressing his approval of Cisco's efforts to take advantage of opportunities in India.
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Former IIT Director explains why some students lose interest in engineering
- Ajit Kumar Chaturvedi former IIT Director explains why some students lose interest in engineering.
- He says, Many students who enter IITs lose interest in pursuing engineering by the third or fourth semester, Students' misconceptions about engineering and science education are a root cause of disinterest.
- Engineering education is built on the foundations of physics, chemistry, and maths, and the 'Science of Engineering' plays an important role in an engineer's ability to design and analyze practical systems.
- In response to declining interest among engineering students, IITs are exploring ways to balance teaching the Science of Engineering with nurturing the excitement of engineering.
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Meet Akriti Chopra, Zomato's employee turned founder who earned 149 Crore in ESOP
- Akriti Chopra, co-founder of Zomato, has become an inspiration for women in India by rising from an employee to one of the company’s top executives.
- Chopra graduated from Lady Shri Ram College and started her career as an articled assistant at PwC before joining Zomato in 2011 as senior manager of finance & operations.
- Chopra played a crucial role in establishing and scaling Zomato’s financials and later became the company’s Chief People Officer and Chief Financial Officer.
- After Zomato’s IPO in 2021, the value of the employee stock ownership plan held by Chopra was valued at Rs 149 crore, placing her among the company's top shareholders.
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IBM CEO Arvind Krishna warns employees of career impact if they don't return to office
- IBM CEO Arvind Krishna warns employees that remote work can hurt career prospects, particularly in managerial roles.
- Krishna cautions that managing people remotely is difficult and some face-to-face communication is important for people managers.
- IBM encourages employees to come to the office at least 3 days a week, citing increased productivity & collaboration.
- While remote work may be suitable for individual roles like customer service or software programming, Krishna believes it is not as conducive to career growth as in-person work.
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Open AI CEO says era of remote work is over, in-person collaboration key for best products
- OpenAI CEO, Sam Altman, suggests that remote work may result in confusion and working from the office is a better model for creating new products.
- Altman's comments come amidst a growing debate on flexible remote work, hybrid work, or complete office-based work.
- Numerous global tech companies have implemented strict policies to return employees to the office, at least twice or thrice a week.
- Altman views remote work as an experiment, which is now over, and the technology is not yet good enough for people to be full remote forever, particularly in startups.
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