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Forbes India in association with TheIndicast.com bring you conversations with the people behind the Forbes India Magazine. Listen to what went in developing the cover story and special reports in the latest issue of the Forbes India Magazine along with expert insights on the top news from one of the most vibrant world economies
 
Every fortnight, Forbes India’s Divya Shekhar brings you conversations about business, economy, life and society, as seen through the written word. The episodes chronicle what’s cool, contextual and worth talking about in the world of books and publishing. With personal stories, reportage, research or investigation, our guests throw the spotlight on some of the most relatable and relevant ideas of our time and help us make sense of the people and trends that shape the world.​
 
The Startup Fridays Podcast is a weekly podcast series where Forbes India's Technology Editor Harichandan Arakali brings you conversations with startup entrepreneurs who are finding opportunities in solving problems in multiple areas. From agriculture and satellite imagery to digital finance and cryptocurrencies, venture capital investors, and more, meet the change agents on this podcast, out every Friday
 
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What are the numerous untold tales behind a plate of food that you’ve ordered at a restaurant? In this episode, Divya Shekhar speaks with restaurateur Gauri Devidayal about her new book ‘Diamonds for Breakfast’, which she has co-written with writer-editor Vishwas Kulkarni. She discusses how and why she wrote about her experience of running one of t…
 
In this episode, Nishchay Ag, co-founder and CEO of Jar, talks about how there is a massive addressable gap in India's middle class with financial products that go beyond the top 30 million that everyone is targeting. Nishchay talks about how he and his friend Misbah Ashraf went from a few WhatsApp group pilots to 10 million users at Jar, in just t…
 
Tata Consultancy Services, India’s biggest technology services and consulting company, announced a surprise change at the top yesterday. CEO Rajesh Gopinathan has resigned to “pursue his other interests,” and K Krithivasan, another company veteran will take over in the coming months, the Mumbai-listed IT giant told the stock exchanges after the mar…
 
Venture capital funding for India’s startups fell from $38.5 billion in 2021 to $25.7 billion in 2022, according to the latest report on the sector by Bain and Company, a consultancy, and Indian Venture and Alternate Capital Association. However, more early-stage deals were struck in 2022, helping the overall deal volume to be marginally higher, ac…
 
The Japanese have a long tradition of finding the secret to a sense of purpose, happiness and balance in everyday life. And they have a word—Ikigai—to represent just that. In this episode, Divya Shekhar meets up with Francesc Miralles, who has authored the globally bestselling Ikigai series of books along with Hector Garcia. They speak about whethe…
 
Facebook’s parent company Meta Platforms will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years,” CNBC reports. Also in this brief, OpenAI releases GPT-4, the latest version of its large …
 
This issue of Forbes India celebrates women founders of successful outfits from across the country. This new crop of entrepreneurs is leaving gender stereotypes behind and building valuable organisations. Their passion to succeed has caught the attention of VCs, consumers, analysts, and believers. In this podcast, Rajiv Singh sifts through 11 inspi…
 
The year 2022 saw women-led startups in India increase their share of venture capital investments and do better than the overall startup ecosystem in the country, even as the so-called funding winter descended on the sector amid worsening global macroeconomic conditions. Marquee investors such as Sequoia Capital and Accel as well as accelerators an…
 
Foxconn, one of Apple’s largest contract manufacturers, said on Saturday that there was no definitive agreement about investment in India, the French news agency AFP reported. This came after a report from Bloomberg on Friday last that Foxconn will invest about $700 million to build a new plant near India’s tech capital Bengaluru. Also in this brie…
 
In this episode, Bala Srinivasa, managing director at Arkam Ventures, talks about experiences from the firm’s first set of 14 investments so far from their $106 million inaugural fund. Over the last four years, Srinivasa, and his fellow founding partner Rahul Chandra, have backed entrepreneurs who have successfully applied technology to create busi…
 
In this episode, Divya Shekhar discusses a brief history of the biggest corporate failures in India over the past two decades and what we can learn from them with Nandini Vijayaraghavan, who is the director and head of research at the Singapore office of the Korea Development Bank. In her latest book ‘Unfinished Business: Evolving Capitalism in the…
 
Over the years, Forbes India has covered philanthropic stories, trying to understand different trends, evolving purposes, and people who are at the forefront of various giving initiatives. So what's new in this edition? Divya J Shekhar answers this question and shares how philanthropy has moved beyond the billionaires…
 
Amazon announced on February 24 that it will integrate its logistics network and SmartCommerce, a suite of SaaS products built on Amazon Web Services, with the government of India-backed Open Network for Digital Commerce (ONDC). Ericsson has announced the largest layoff in the telecom sector in the current economic slowdown, Reuters reports. Also i…
 
Google has started to support third-party billing for Google Play Store purchases in India as the Android maker begins to comply with local rules, after its challenge to a diktat from India’s Competition Commission was initially rejected by the country’s top courts, but remains pending, TechCrunch reports. Meanwhile, C.E. Info Systems, better known…
 
India and Singapore have linked their digital payments systems, UPI and PayNow, to support instant and low-cost cross-border payments. The system went live yesterday. Capgemini forecast weaker revenue growth and said it would slow down hiring in 2023 amid a global economic slowdown, Reuters reports. Meanwhile, Wipro is asking some recruits to join …
 
Tata Group’s Jaguar Land Rover said on Tuesday it is opening three new engineering hubs in Europe to develop autonomous vehicle technologies as part of its partnership with Silicon Valley artificial intelligence company Nvidia, Reuters reports. Also in this brief, several countries, last week, agreed on a call to action over the use of AI in warfar…
 
In this episode, Nitin Chhabra, co-founder and CEO of Ace Turtle, a tech-enabled retail business that’s the force behind brands like Lee and Wrangler in India, talks about how the company started out as a SaaS business, selling software for the so-called omnichannel retail. Nitin and co-founder Berry Singh then decided to risk that entire business,…
 
Microsoft’s announcement of its Bing AI last week was received with much fanfare, which even prompted Google to rush through its botched announcement. The experience of some early testers, however, hasn’t been very good, and the whole thing could backfire. Also in this brief, Tesla is recalling more than 360,000 cars over safety concerns related to…
 
Do you think you will have a better understanding of your country and what it means to be Indian if you travelled over 18,000 kilometres, on the road for more than 50 days? When fourth-generation entrepreneur Bhairavi Jani did that, she discovered new facets and truths about India that are now part of her new book Highway to Swades. In this episode…
 
Salesforce CEO Marc Benioff took a vacation to French Polynesia to “detox” himself from gadgets and other digital distractions, the entrepreneur told The New York Times, Business Insider reports – the original piece is behind a paywall. Benioff took a vacation after firing 10 percent of the cloud-based CRM provider’s staff. Meanwhile, fintech darli…
 
Blue Origin, the aerospace company started by Amazon founder Jeff Bezos, has developed the technologies needed to make solar panels on the Moon, with zero carbon emissions and no water, the company said in a blog post on Friday last. Twilio, yesterday, announced plans to cut another 17 percent of its workforce or roughly 1,500 jobs, CNBC reports. A…
 
This issue is forward-looking and focuses on startup-led innovation in India. It also uncovers critical challenges that need to be surmounted to let this ecosystem thrive and produce sustainable solutions. Harichandan Arakali unpacks the stories from this issue that have put a spotlight on entrepreneurs who are trying to solve the hard problems…
 
In this episode, Suresh Sambandam, founder and CEO of OrangeScape, better known for its product Kissflow, talks about persevering for over 15 years, before he found himself at the right place at the right time offering the right product. Suresh now dreams of making his company at least one of the top three in the world in its category. He also talk…
 
Shell’s board of directors are being personally sued over their alleged failure to properly manage risks associated with the climate crisis, Euronews reports. The lawsuit, brought by Environmental law charity ClientEarth says the British oil giant’s 11 directors have breached their legal duties under the UK’s Companies Act by failing to bring their…
 
Microsoft has re-launched its search engine Bing with artificial intelligence features, the company said in a blog post yesterday. The new search engine is available for preview at bing.com. Microsoft is a large investor in Open AI, the research lab and company whose ChatGPT bot has taken the tech world by storm for its ability to deliver human-lik…
 
The naval version of India’s light combat aircraft made a successful landing on the INS Vikrant, India’s indigenous aircraft carrier, the ministry of defence said in a press release yesterday. Separately, Prime Minister Narendra Modi, yesterday, opened India’s largest helicopter factory at Tumakuru, near Bengaluru. The facility, established by Hind…
 
In this episode, Ben Mathias, managing partner at Vertex Ventures for Southeast Asia and India, talks about how he decided to leave behind a nice life in the software industry in Silicon Valley, to come to India as a VC investor. With over three decades in the tech and VC industry combined, Ben talks about what investors did to startups over the la…
 
From the Bookshelves of Forbes India is back after a short New Year break, and is happy to present the first fiction title to be discussed on the podcast. Sri Lankan writer Shehan Karunatilaka won the Booker Prize 2022 for his novel ‘The Seven Moons of Maali Almeida’ barely three months ago. He speaks with Divya Shekhar about using ghosts, ghouls a…
 
As India’s Finance Minister Nirmala Sitharaman presents the country’s budget today for the coming fiscal year that starts April 1, expectations are high on all fronts, especially as India is widely seen as the one major economy that will grow strongly during a period when the global economy is expected to slow down. Here’s what some of India’s tech…
 
The International Monetary Fund yesterday revised upward its global growth projections for the year, after better-than-expected data on spending by American households and businesses, and in other countries, and Europe’s handling of its energy crisis, CNBC reports. Also in this report, pet fish apparently changed their owner’s Nintendo username, do…
 
Forbes India 30 Under 30 alumni have always written outstanding success stories and this year is no different. In its 10th edition, Forbes India 30 Under 30 has once again found young dreamers who are only getting started. From 21-year-old Udit Singhal of Glass2Sand to Siva Teja Kakileti of Niramai, to cofounders of Genrobotics, to Commonwealth Gam…
 
In this episode, Anjani Bansal, partner and India country head at Global Brain, a Japanese VC firm, talks about why certain opportunities in small-town India are ready for startups to grab and create disruptive innovations. The time is also right for Global Brain to step up its own operations in India, Bansal says, who is looking to grow his team a…
 
The US Justice Department yesterday accused Google of abusing its dominance in digital advertising, and said the internet giant should be forced to sell its ad manager suite, Reuters reports. Venture capital funding of startups fell more than 38 percent in 2022 versus 2021, GlobalData finds. Indian software-as-a-service companies, however, were a r…
 
Amazon has launched Amazon Air, its dedicated air cargo fleet in India, partnering with Quickjet, the ecommerce giant said in a press release yesterday. It will start with Delhi, Mumbai, Hyderabad and Bengaluru. Activist investor Elliott Management’s next target is Salesforce, Wall Street Journal reports. Also in this brief, Microsoft invests more …
 
In today’s episode, Rahul Garg, founder and CEO of Moglix, talks about what’s next for the company, which he says is knocking on $600-700 million in revenue. He also talks about his love of solving not just difficult problems, but difficult and large ones, which feeds his entrepreneurial decisions. Aspiring founders must understand this, and prepar…
 
India’s Supreme Court yesterday rejected Google’s ask that an order by the Competition Commission imposing a fine and changes to its market practices with respect to Android software be stayed. Google had approached the top court after the National Company Law Appellate Tribunal, earlier this month, had refused to stay the Competition Commission’s …
 
GoMechanic, a car service startup backed by VC investors including Sequoia Capital, Tiger Global Management and Chiratae, will cut 70 percent of its staff and undergo an independent audit of its books, the company’s co-founder Amit Bhasin said in a post on LinkedIn yesterday. Also in this brief, Microsoft yesterday confirmed the 10,000 job cuts tha…
 
Microsoft will likely announce thousands of job cuts soon resulting from a decision to cut 5 percent of its global workforce, Sky News reported yesterday. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs, The Verge pointed out. Also in this brief, Apple’s new MacBook Pro laptops with the M2 chips, Google’s pla…
 
ShareChat, yesterday, joined a growing list of Indian startup unicorns that have laid off employees amid a funding winter. The company has laid off 20 percent of its workforce to conserve cash, as the current global economic slowdown has made it harder to raise funding, according to multiple reports. The desi social media venture is among the most …
 
After an IPO frenzy 18 months ago, things appear to have cooled in the Indian startup ecosystem. But enthusiasts and hopefuls are still gearing up to list their companies in 2023. Times have changed now. Analysts believe that only those who have shifted their focus from aggressive growth to profitability will be rewarded in the volatile and cautiou…
 
In today’s episode, Cody Friesen, founder and CEO of SOURCE Global, talks about his dream of putting to bed one of humanity’s biggest and most urgent problems—the lack of access to clean drinking water for billions around the planet. Friesen is a scientist, engineer, teacher and entrepreneur. In this conversation, he also reflects on his approach t…
 
Infosys yesterday raised its revenue outlook for FY23 citing strong growth momentum from the first nine of the fiscal year and a record order book, even as a recession looms large in its biggest markets. The company’s numbers beat street expectations and CEO Salil Parekh said its strong capabilities in cloud technologies and automation had helped I…
 
Normal air traffic operations are slowly resuming in the US after flights were halted across the country on Wednesday, due to a software glitch in the Federal Aviation Administration’s computer systems, BBC reports. Also in this brief, Jio crosses 100 cities with its 5G services; and Maruti Suzuki India expects to launch the eVX, an electric SUV, b…
 
Microsoft is in talks to invest $10 billion into OpenAI, the owner of ChatGPT, the AI app that has gone ultra-viral, Semafor reported yesterday, citing people familiar with the matter. OneWeb yesterday confirmed the successful deployment of 40 satellites launched by SpaceX, taking it to a total of 542 low-earth-orbit satellites and a step closer to…
 
Tata Consultancy Services, India’s biggest IT services company, said its quarterly revenue has crossed the $7 billion mark, with sales for its fiscal third quarter, the October-December period, coming in at $7.075 billion. A near-term slowdown in demand is apparent in the staff addition numbers. TCS saw a net reduction in its workforce, for the fir…
 
Apple may not be releasing a new iPhone SE in 2024, according to analyst Ming-Chi Kuo, who bases his predictions on sources in the supply chain, The Verge reported on Jan. 7. The Infosys Prize for 2022 was announced on Jan. 7, by Infosys Science Foundation. The Prize carries a pure gold medal, a citation, and a cash purse of $100,000 each in catego…
 
Indian Space Research Organisation and Microsoft yesterday signed a Memorandum of Understanding to together help space-tech startups in India. They will offer technology tools and platforms, go-to-market support and mentoring to help Indian space startups scale and become enterprise ready. Amazon’s layoffs are bigger than originally rumoured. And a…
 
Facebook and Instagram’s parent company Meta Platforms was fined 390 million euros or $414 million in the EU’s latest fine against the social network apps provider, Wall Street Journal reports. In India, Google’s appeal seeking an immediate stay against a Competition Commission fine has been declined by the National Company Law Appellate Tribunal, …
 
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