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Best Entrepreneurial Leadership Program in India
- India offers a range of entrepreneurial leadership programs for aspiring leaders to navigate and excel in the business environment.
- Top entrepreneurial leadership programs in India include IIT Bombay’s B.Tech in Entrepreneurship, ISB Hyderabad, NMIMS BBA Program with Entrepreneurship Specialization, XLRI Jamshedpur, IIM Bangalore, and more.
- These programs focus on developing skills such as critical thinking, leadership, innovation, strategic decision-making, adaptability, and entrepreneurship.
- After completing these programs, students can pursue careers in startups, large companies, or start their own businesses.
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Economic Times
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India approves $119 million fund for space startups
- The Indian government has approved a $119 million fund for the country's space startups.
- The fund aims to support the development of space technology, generate employment, fortify supply chains, and boost research and development.
- The fund will be managed by the Indian National Space Promotion and Authorisation Centre.
- India aims to increase its market share in the commercial space market from 2% to $44 billion by 2033.
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Yourstory
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Sarvam AI launches homegrown multilingual LLM, Sarvam-1
- Sarvam AI has launched Sarvam-1, a homegrown Large Language Model (LLM) trained on 10 major Indic languages.
- The model, with approximately two billion parameters, aims to support linguistic diversity in building local AI applications.
- Sarvam-1 outperforms standard benchmarks and achieves high accuracy on knowledge and reasoning tasks, especially in Indic languages.
- The model is computationally efficient, offering 4-6X faster inference speed compared to larger models while maintaining competitive performance.
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ISN
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India's Infosys expands partnership with Meta to drive enterprise AI innovation
- India's Infosys has expanded its partnership with Meta to drive enterprise AI innovation.
- The collaboration focuses on utilizing Meta's Llama stack, a series of large language models (LLMs) designed for innovation across industries.
- Infosys unveiled a Meta center of excellence (COE) to accelerate the adoption of Meta's Llama stack and support enterprise AI integration.
- Infosys is integrating Meta's Llama models with its AI-driven platform, Infosys Topaz, to deliver AI solutions for digital transformation and operational scalability.
- An AI Experience Zone has been unveiled at Infosys' Bengaluru campus to showcase innovative enterprise AI advancements developed with Meta's Llama technology.
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TheStartupMag
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The Benefits of Using Furniture Retail Software for Streamlining Operations
- Efficiency and organization are vital in the fast-paced world of retail today.
- Furniture retail software improves inventory management by providing real-time updates and automated tracking.
- The software enhances the customer experience through personalized suggestions and access to detailed product information.
- It streamlines the sales process, automating sales activities and providing data on sales patterns for better decision-making.
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Gritdaily
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UK Government Eyes to Ban Natural Supplements: What Does This Mean to Companies and Customers?
- Natural supplements may face an uncertain future in the U.K. as the government moves to ban supplements lacking a documented “history of consumption” before 1997.
- The proposed legislation has shocked the supplement industry and raised concerns among consumers who rely on these products.
- Particular supplements like Tongkat Ali could be banned. This could limit access to many popular options and push people toward using conventional pharmaceuticals instead.
- The ban may mean seeking alternatives for those who have found relief and support from these products.
- For businesses like Natural Foundation Supplements (NFS), the proposed ban threatens their very existence. For instance, many of their carefully-crafted supplements now risk being labeled as “banned supplements” despite their proven efficacy and safety record.
- The ban could force supplement companies to reformulate their products, removing key ingredients used for centuries in traditional medicine. This would undermine the supplements’ effectiveness and erode the trust consumers have placed in these brands.
- One of the most concerning aftermaths of the proposed ban is the potential rise of unregulated online sales. As consumers seek ways to obtain their preferred supplements, they may turn to unauthorized sources, exposing themselves to the risk of purchasing low-quality, contaminated, or even harmful products.
- The supplement industry fears the ban will encourage scammers who want to capitalize on consumer desperation. Without proper oversight and regulation, the market could become flooded with dangerous counterfeit products, risking public health.
- Natural Foundation Supplements aims to rally public support for the ban on natural supplements by launching a petition campaign. King urges consumers, industry professionals, and all those who value the freedom to choose natural health options to sign the petition and make their voices heard.
- King aims to gather a significant number of signatures to inform the widespread concern over the potential consequences of the ban, such as reduced consumer choice, the push toward pharmaceutical alternatives, and the rise of unregulated online sales.
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Gritdaily
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Lila Landis Has Dedicated Her Career to Global Trade Compliance
- Lila Landis, LCB, CUSECO, CCEP-I, has dedicated her career to global trade compliance.
- Landis envisions trade compliance as an effortless integration of business operations and regulatory adherence.
- Landis greatly values collaboration and mentorship in the compliance industry.
- One of Landis’ standout achievements is her development of a comprehensive global health and safety program.
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Yourstory
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The evolution of green buildings: Technology driving sustainability in construction
- Green buildings are key to sustainable development and reduce the impact on health and the environment. Technological advancements have improved the energy efficiency of these buildings, and smart technologies optimise energy usage.
- Water conservation is a significant facet of green construction, and India has implemented various water conservation initiatives, including efficient usage and rainwater harvesting.
- The building industry is promoting sustainability by investing in sustainable building materials that have a minimal carbon footprint, which reduces resource consumption and waste generated during construction.
- Building Information Modelling (BIM) technology is a digital representation widely used in India to optimise planning, design and management processes and reduce resource wastage.
- India's smart homes market is projected to grow by 9.14% from 2024 to 2028, with the green buildings market contributing $39 billion by 2025.
- LEED certification is widely recognised in the construction industry; India has its green building materials certification system, and the regulatory framework is promoting sustainability.
- India's goal of achieving net-zero emissions by 2070 highlights the importance of green buildings. Global leaders have committed to tripling renewable energy and doubling energy efficiency by 2030.
- Enhanced building codes and sustainability standards are crucial in promoting green building practices, reducing carbon footprints, conserving resources, and promoting healthier living environments.
- Green building practices have come a long way since the introduction of ecological architecture in the 1960s for sustainable development. The future of green buildings seems promising, driven by an increased awareness of climate change and regulatory support.
- Government incentives in India for green building projects, such as tax benefits, low-interest loans, and fast-track approvals, aim to make green building practices financially viable and encourage private sector investments.
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Yourstory
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Is AI legal tech a recipe for disaster?; Nutrabay combats counterfeit products
- NVIDIA and Reliance Industries are collaborating to build AI infrastructure in India, and explore the possibility of India exporting AI solutions to emerging markets.
- Elon Musk's no-nonsense attitude is necessary for running a large company, according to Indian-origin entrepreneur Saiman Shetty who worked for the billionaire at Tesla.
- Legal professionals are exploring the use of AI technology, but are proceeding with caution to ensure accuracy and ethical standards are upheld.
- Nutrabay, a start-up that curates scientifically-backed nutritional supplements, raised an ARR of INR 100 crore in FY24, offering affordable supplements to combat counterfeits in India.
- Miyara Health, founded by Gayatri Muthukrishnan and Sanjana Rao, offers a digital companion for menopause that includes AI chatbot awareness, personalized health assessments based on symptoms, and self-paced symptom management programmes.
- Swiggy's upcoming IPO would value the company at $13.5bn, due to market volatility.
- After Disney's $8.5bn merger with Reliance's media assets, Disney's Hotstar India head Sajith Sivanandan has resigned as business integration gathers pace.
- Snapchat users with iPhones on iOS18 or later can now replace the flashlight or native camera lock screen with the Snapchat camera.
- NVIDIA sold its first million chips in 1997, four months after the release of the RIVA 128.
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Gritdaily
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Maggie Davis, MS, Has Dedicated Her Career to Making a Difference in Health and Nutrition
- Maggie Davis, MS, has dedicated over five decades to nutrition and dietetics, working as a nutrition specialist and owning Live Nutrition Inc.
- Her expertise includes weight management, nutrition therapy for various conditions, and diabetes education and treatment.
- Davis has received recognition for her work and is an active member of professional organizations in her field.
- She is also an accomplished writer and is working on a new book and developing medically tailored menus for patients.
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Inc42
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How These Ex-Freshworks Executives Are Rewriting Rules Of Content Distribution
- Ramesh Ravishankar and Srivatsan Venkatesan, ex-executives of Freshworks, started Highperformr, a SaaS platform that provides an AI-powered social media management solution to optimise content distribution and lead generation for businesses.
- The Chennai-based startup, founded in July last year, streamlines content creation, scheduling, and publishing processes for marketing and sales teams to help them fully utilise social media for lead generation, engagement and hiring.
- Highperformr leverages generative AI and LLM capabilities to help businesses identify high-value leads through audience monitoring and maximise social media ROI.
- Highperformr uses Google Cloud Platform (GCP) with Vertex AI, OpenAI, and open-source LLMs for a solid and scalable setup. The startup plans to integrate with platforms like Microsoft Teams, Zoho CRM, Pipedrive, Salesloft, Outreach, Canva, among others.
- The company's primary challenge is achieving product-market fit and scaling up the business. It aims to reach 1,000 paying customers by FY25 and grow its workforce, particularly in sales and marketing.
- The Indian SaaS market is expected to become a $70 Bn opportunity by 2030, driven by the advent of GenAI, which, according to an Inc42 report, is expected to grow to $17 Bn by the end of this decade.
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Inc42
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How Melorra’s Golden Promise Soured
- Melorra, the Indian D2C jewellery brand, is reportedly being acquired by public-listed jewellery firm SENCO Gold for INR 50 Cr ($6.7 Mn).
- This represents a drop of 94% from its previous valuation of INR 1,000 crore ($120 Mn) in 2022 when the firm raised its last funding round.
- Melorra's failure to offer the in-store, ‘touch and feel’ experience to customers, and missing an early move into showroom-based operations, are being seen as reasons for its decline.
- The company has shut down most of its physical store outlets, with many customers having complained about unpaid refunds and poor service.
- It appears to have suffered a cash crunch, although audited financials for the past two fiscal years are not available to verify claims.
- Despite raising funds totalling $72 Mn until 2022, during Melorra's funding spree, the majority of which came from existing and new investors between 2019 and 2022, the firm failed to optimise margins and failed to retain key leadership, including its chief technology product officer.
- Competition from established players that had the operational bandwidth and cash balances to cope with the demand for lightweight jewellery, compromised Melorra’s offerings.
- The firm spent INR 120 Cr ($16 Mn, approx) on advertising in FY22, a 175% jump from INR 43.7 Cr ($5.9 Mn) from the previous year.
- Marketing spend was required to help compensate for the high capex of opening new retail outlets, which were opened in malls and high street locations.
- Data from Data.ai shows that Melorra's active user base was low compared to the competition. Over the last five months, its average monthly active user base was just 129K, compared to BlueStone’s 545.2K.
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Yourstory
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Healthify raises $20M in fresh capital to drive US expansion
- Healthify, an AI-powered health and fitness app, has raised $20 million in fresh capital.
- The funding round, led by existing investors Khosla Ventures and LeapFrog Investments, aims to drive the company's expansion into the US market.
- Healthify plans to enhance its AI capabilities to offer personalized health guidance, recognizing different languages, cultures, and local fitness habits.
- The company aims to achieve profitability and generate positive cash flow in India before the end of the fiscal year.
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Economic Times
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Healthify raises $20 million in round led by Khosla Ventures, LeapFrog Investments
- Health and wellness startup, Healthify has raised $20m in a round led by Khosla Ventures and LeapFrog Investments.
- Currently, the company offers services such as nutrition tracking as well as fitness coaching.
- The funds will help the company grow its presence, particularly in the US, and upgrade its AI capabilities.
- The round included participation from Claypond Capital, the family office of Manipal Group chairman Ranjan Pai.
- The firm has a conversational AI coach, Ria as well as a photo-based nutrition tracker, Snap and coach copilot.
- According to the co-founder and CEO Tushar Vashisht, almost 50% subscribers in India are AI subscribers.
- The firm claims to have around 40 million users and expects to become earnings before interest, taxes, depreciation and amortisation positive by the end of FY25.
- The company intends to focus on making its India business cash flow-positive by the end of this fiscal year.
- Healthify raised a total of $125m in primary equity to date and is looking to expand its B2B operations.
- The company's B2B clients include Amazon, Micro Labs and Accenture.
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