<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (2024)

Table of Contents
What exit polls mean? What if exit polls are not accurate? Grave robbers 'We don't have any help' 'Coming to the end' Most Subscribed YouTube Channels: Who are the Top 10? MrBeast T-Series Cocomelon SET India Kids Diana Show Vlad and Niki Like Nastya PewDiePie Zee Music Company WWE FAQs Discover What Jio will do Africa: The usage gap Monetisation and beyond New infrastructure On the opportunity in Singapore On dealing with competition On strategic product-driven changes On change in pricing On the anticipated challenges of the Singapore market On further global expansion plans Countries with the most gold reserves Why do countries have a gold reserve? Frequently Asked Questions (FAQs) 1. Jasprit Bumrah (India) 2. Rashid Khan (Afghanistan) 3. Travis Head (Australia) 4. Jofra Archer (England) 5. Rachin Ravindra (New Zealand) 6. Fakhar Zaman (Pakistan) 7. Tristan Stubbs (South Africa) 8. Matheesha Pathirana (Sri Lanka) 9. Andre Russell (West Indies) 10. Corey Anderson (United States of America) Top Indian banks in 2024 based on market cap HDFC Bank ICICI Bank State Bank of India (SBI) Kotak Mahindra Bank Axis Bank Punjab National Bank of India (PNB) Bank of Baroda (BoB) Indian Overseas Bank IndusInd Bank Union Bank of India (UBI) IDBI Bank FAQs Top 10 Most Viewed Live Stream in the World Chandrayaan-3 Mission Soft-landing LIVE Telecast World Cup 2022 Quarter Final: Brazil vs. Croatia World Cup 2022: Brazil vs. South Korea Vasco da Gama vs Flamengo Crew Demo-2 Butter by BTS, Official MV Apple Event Corinthians x São Paulo Depp vs. Heard Trial Flamengo vs. Fluminese: Rio Cup Final Top 10 powerful countries in 2024 United States Russia China India South Korea United Kingdom Japan Turkiye Pakistan Italy Positive Quotes on Life and its Various Aspects to Keep in Mind Success Quotes: Embracing Your Power Success Quotes: The Power of Persistence Success Quotes for Your Career: Believe in Your Potential Success Quotes for Achieving Greatness: The Importance of Hard Work Motivational Quotes For Success: Hard Work is Key Motivational Quotes for Your Career: Believe in Yourself Motivational Quotes: If You Fail, Try Again Motivational Quotes: Take Charge of Your Life Embrace the Power of Positivity Overcoming Challenges with Optimism Believe in Your Potential Harnessing the Power of a Positive Mindset Securitised Debt Instruments Online fixed income platforms FAQs
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> <![CDATA[Forbes India is your destination for business, stock market, startup and technology news, and a peek into the lives of India's richest and most famous.]]><![CDATA[https://www.forbesindia.com/]]>Tue, 04 f 10:35:01 GMThttps://www.forbesindia.com/https://www.forbesindia.com/en-ushttps://www.forbesindia.com/images/logo.jpgForbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business newshttps://www.forbesindia.com/feeds/rss-feeds_article.xmlFeed provided by Forbes India<![CDATA[ Introducing Elixir Reserve 2: Discover Mumbai&#039;s pinnacle of rare luxury ]]><![CDATA[https://www.forbesindia.com/article/brand-connect/introducing-elixir-reserve-2-discover-mumbais-pinnacle-of-rare-luxury/93268/1]]><![CDATA[<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (1)In Mumbai's bustling metropolis, discovering quiet luxury can feel like finding a rare gem. However, Elixir Reserve-2, uniquely surrounded by lush forests, a serene lake, and picturesque hills, offers a haven of splendour and calm within the vibrant urban landscape. Situated next to Aarey Forest, its abundant panoramic views and idyllic landscapes will make your home a sanctuary of a grand living experience amidst a location like no other. Welcome to a life beyond imagination. Welcome to Elixir Reserve-2.

Strategic and Accessible Location

Situated in the heart of the city, Elixir Reserve-2 offers easy access to both the eastern and western parts of Mumbai. Located adjacent to JVLR, commuting to the western side is seamless. The upcoming Metro station, just half a kilometre away, further enhances accessibility, making Elixir Reserve-2 the best choice for those seeking both luxury and connectivity.

Conveniences at its Best

Elixir Reserve-2 promises a lifestyle where serenity and urban living coexist harmoniously. It features top-tier amenities, including the A.M. Naik School (ICSE board) on campus, Hi-Street Retail within the development, and a fully developed sports complex with multiple turfs just a few steps away. Also, the Nirali A.M. Naik Charitable HealthCare Facility is just two minutes away. Within a 5-km radius, residents can enjoy the beauty of Powai Lake, access premier healthcare at Hiranandani Hospital, and benefit from proximity to renowned educational institutions such as Bombay Scottish School, IIM Mumbai, and IIT Powai. Elixir Reserve-2 is the epitome of luxurious living, offering a perfect blend of urban convenience nestled in peaceful surroundings.

Unmatched Features

Elixir Reserve-2 has the unique feature of a preserved hillock spanning over 3 acres, which has a 40 ft elevated walkway nestled amidst tree canopies. This will lead people to experience nature at close quarters. The development also has an impressive array of over 25 lifestyle amenities including a state-of-the-art clubhouse, a tennis court, badminton courts, gymnasium, banquet hall and much more. The centrepiece of the podium landscape is the dual level swimming pools – the symphony pools which are marked by the harmony of the water cascade. The clubhouse, amenities, and landscape are meticulously crafted to provide a lifestyle where comfort, peace, and indulgence are paramount.

Redefining the new standard of Luxury Living

Elixir Reserve-2 isn't just a place to live; it's a testament to modern luxury. With its seamless mix of sophistication, comfort, and stunning surroundings, it offers residents a lifestyle like no other. The spacious 4 BHK residences here are thoughtfully designed to maximize space and comfort, offering ample room for relaxation and entertainment.

  • Grand Living Space - With the living and dining room exceeding 450 sq. ft., these homes are ideal for hosting gatherings and creating cherished memories with loved ones
  • Panoramic 270-Degree Lake View: Each residence features a spacious deck spanning over 26 ft., offering breath-taking views of the Powai Lake thereby allowing you to immerse yourself in the tranquil beauty of the surroundings and the serenity of the water.
  • Seamless Integration of Technology: These homes offer home automation that enhances comfort, sophistication and convenience.
  • Testament of Luxury - Premium finishes, ensuite bathrooms, and breezy homes ensure style and elegance at every turn.

About L&T Realty

L&T Realty is the real estate development arm of Larsen & Toubro Limited, one of India's largest engineering and construction conglomerates. With a legacy of excellence spanning decades, L&T Realty is committed to delivering world-class residential, commercial, and retail developments that redefine the standards of luxury living. Drawing upon its expertise in engineering and construction, L&T Realty focuses on creating innovative and sustainable developments that cater to the evolving needs of modern-day living. By combining cutting-edge technology, meticulous planning, and superior design, L&T Realty aims to create spaces that not only enhance the quality of life for its residents but also contribute positively to the surrounding community and environment.

*T&C Apply. The project has been registered via MahaRERA registration no. P51800055987 and is available on the website https://maharera.mahaonline.gov.in under registered projects. The hillock is an independent feature adjacent to the project. Certain amenities shall be available on completion of the entire development on the larger land. For more details refer to the AFS uploaded on the MahaRERA website.

The pages slugged ‘Brand Connect’ are equivalent to advertisem*nts and are not written and produced by Forbes India journalists.

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Wed, 03 Jul 2024 16:24:09 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235159_forbes_teamology_800x600_280x210_150x113.jpg<![CDATA[ Brand Connect ]]><![CDATA[ Brand Connect ]]>en-us
<![CDATA[ Lok Sabha Elections 2024: The last steps of the great Indian ballot ]]><![CDATA[https://www.forbesindia.com/article/news/lok-sabha-elections-2024-the-last-steps-of-the-great-indian-ballot/93288/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (2)[CAPTION]Image: Priyanshu Singh/Reuters[/CAPTION]
People wait to vote at a polling station during the seventh and last phase of India's general election in Varanasi, India, on June 1, 2024. Nestled along the sacred Ganga river and holding a revered position in the play of Indian politics, Varanasi's diverse population lined up to vote in harmony, recording a 56.35 percent voter turnout.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (3)[CAPTION]Image: Debajyoti Chakraborty/NurPhoto via Getty Images[/CAPTION]
Travelling long distances, polling officials gather at the distribution centre in Netaji Indoor Stadium, Kolkata, on May 31, 2024, to collect electronic voting machines (EVM), ballot units, and other election materials ahead of the final phase of the 2024 elections.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (4)[CAPTION]Image: Francis Mascarenhas/Reuters[/CAPTION]
A Bakharwal breed dog leads a couple from Almi, a remote Himalayan hamlet in Chamba district, as they step out to vote in the final phase of the general elections in Himachal Pradesh on June 1, 2024. Polling officials trudged up treacherous Himalayan mountain paths and across rickety bridges for seven hoursto set up a polling booth.

Also read: Can inheritance tax alter succession planning in India's family-owned businesses?

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (5)[CAPTION]Image: Santosh Kumar/HT via Getty Images[/CAPTION]
Security team follows polling officials carrying EVMs and other election materials at a distribution centre in BS College Danapur, Patna, on the eve of the seventh phase of the Lok Sabha election on May 31, 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (6)[CAPTION]Image: Sudipta Das/NurPhoto via Getty Images[/CAPTION]
A recreational facility awaits children outside a pink booth set up to empower safe, accessible voting for women in Kolkata, India, on June 1, 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (7)[CAPTION]Image: Santosh Kumar/HT via Getty Images[/CAPTION]
Young women show their inked fingers after casting votes at a polling booth in Patna Women's College, Bihar, on June 1, 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (8)[CAPTION]Image: Santosh Kumar/HT via Getty Images[/CAPTION]
Women from Danapur-Diyara, a village 12 km from Patna, pose for a photo after casting their vote at a polling booth on June 1, 2024, in Patna, India. Most villagers from Diyala take rickety wooden boats across the Ganga to reach Patna.

Also read: Inside the 2024 elections: Policy complacency risk or is it too optimistic?

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (9)[CAPTION]Image: Sahiba Chawdhary/Reuters[/CAPTION]
Catholic nuns from the Missionaries of Charity, the global order of nuns founded by Saint Mother Teresa, wait in a line to vote at a polling station during the seventh and last phase of India's general election in Kolkata, India, on June 1, 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (10)[CAPTION]Image: Santosh Kumar/Hindustan Times via Getty Images[/CAPTION]
A cheerful polling official puts an election print material to use, shielding herself from scorching heat at a distribution centre in Gandhi Maidan, Patna, on the eve of the final phase of the Lok Sabha election on May 31, 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (11)[CAPTION]Image: Priyanshu Singh/Reuters[/CAPTION]
Polling officials gather around a water tanker to fill their bottles at a distribution centre for election materials ahead of the seventh and last phase of India's general election on a hot summer day in Varanasi on May 31, 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (12)[CAPTION]Image: Adnan Abidi/Reuters[/CAPTION]
Portraits of Sikh gurus flank polling officers in a hall set up as a polling station in Faridkot district, Punjab, on June 1, 2024.

Also read: India votes: Phase One of the Lok Sabha elections 2024 in pictures

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (13)[CAPTION]Image: Adnan Abidi/Reuters[/CAPTION]
Supporters of Sikh separatist leader Amritpal Singh, an independent candidate, sit under shade outside a polling station in a village in Firozpur, Punjab, on June 1, 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (14)[CAPTION]Image: Adnan Abidi/Reuters[/CAPTION]
A man holds his son as he votes at a polling station on June 1, 2024, during the seventh and last phase of the general election in Firozpur district, Punjab.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (15)[CAPTION]Image: Dibyangshu SARKAR / AFP[/CAPTION]
The driver of the iconic, dwindling yellow taxi shows his inked finger after casting his ballot to vote during the seventh and final phase of voting in India's general election, along a street in Kolkata on June 1, 2024. The dwindling metered yellow taxis can now be booked through an app, a brainchild of West Bengal's Department of Information Technology & Electronics.

Also read: In election season, lessons marketers can learn from politicians, and vice-versa

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (16)[CAPTION]Image: AFP[/CAPTION]
A man walking with his ponies shows an indelible ink mark on his finger after casting his vote in Kufri, Himachal Pradesh state, on June 1, 2024. Over the last year, the National Green Tribunal panel has heavily criticised horses and ponies for damaging Kufri's green forest.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (17)[CAPTION]Image: Samir Jana/HT via Getty Images[/CAPTION]
Monks of ISKCON Temple sing and chant with gusto while in a queue to cast their ballots at La Martiniere School on June 1, 2024, in Kolkata.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (18)[CAPTION]Image: Ritesh Shukla/Getty Images[/CAPTION]
Polling officials seal electronic voting machines at a polling booth at the end of the voting day on June 1, 2024, in Varanasi, India. The Election Commission of India has deployed advanced technology, including electronic voting machines and a Voter Verifiable Paper Audit Trail, to ensure a secure and transparent voting process.

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Mon, 03 Jun 2024 18:43:05 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235236_1_india-election_sm_280x210_150x113.jpg<![CDATA[ Madhu Kapparath ]]><![CDATA[ Madhu Kapparath ]]>en-us
<![CDATA[ Big trading days: Online brokers disappoint ]]><![CDATA[https://www.forbesindia.com/article/news/big-trading-days-online-brokers-disappoint/93287/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (19)[CAPTION]Brokers have to be prepared for days where there is a rush of users in the system. This is typically seen on days like Budget day or when election results, including state election results, are announced.Image: Shutterstock[/CAPTION]

Users of Groww and Zerodha, the largest and second largest brokers in India, were irate on Monday morning. As the market started trading on June 3, users faced problems logging in and executing trades. This came on a day when the markets were in an exuberant mood on account of the exit poll results, which suggested a return of the Modi-led Bharatiya Janata Party (BJP) government.

Part of the problem lay with CDSL, the Central Depository Services (India) Limited, which is one of the two depositories mandated to store securities held in demat accounts. Brokers faced problems connecting with CDSL in the morning. As a result, a TPIN sent by CDSL, which users need to trade, was unavailable. This issue seems to have been resolved quickly. What is unknown is whether problems with logins persisted, and for how long.

_RSS_While the problems on June 3 were frustrating to users, they were also part of a pattern where heavy trading days see broker systems going down. This is typically on account of two factors. The first are broadly classified as risk-based issues, where even though users are able to log in, share prices may not be correctly displayed, portfolios may take time to load, and trades may take long to place. Orders are in queue is a common message users see. These set of problems are primarily on account of the broker end.

“Architecturally, brokerage systems are quite complex and aren’t built to handle a sudden spurt in trading activity,” says Tejas Khoday, co-founder and CEO of FYERS, an online broker. There are multiple API [application programming interface] integrations required.

This is where the planning capacity of the broker for big days comes into play. “Can we control the incident?” says Shanker Ramrakhiani, chief information security officer at IIFL Securities. “The answer is yes, but the organisation has to have the capacity to scale systems three or five times.” This means that brokers have to be prepared for days where there is a rush of users in the system. This is typically seen on days like Budget day or when election results, including state election results, are announced.

In light of users’ system outages, the regulator Securities and Exchange Board of India (Sebi) has mandated brokers to declare all technical glitches—where users are unable to access the broking system for more than five minutes. In FY24, according to data released by the National Stock Exchange (NSE), 57 brokers declared at least one glitch in their systems. Zerodha reported six glitches, Groww three and Upstox five in FY24.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (20)

Second, brokers are dependent on integrations with the exchanges as well as depositories like CDSL and NSDL. When an issue arises anywhere, it is usually the broker that is blamed. For instance, one of the issues on June 3 was the fact that users need a TPIN from CDSL to sell shares and those TPINs were not available.

The only way out, according to Khoday, is to build capacity in excess of demand and work on a regular health check of systems. FYERS has a status dashboard that informs users of how their systems are working in real time. Ramrakhiani of IIFL says it helps when systems are on a cloud as it is possible to auto scale them at quick notice.

Also read: Markets on a sugar rush as exit polls thrust Sensex, Nifty to record highs

While Sebi mandates that brokers must not have more than five glitches in a year, it is important to note that the definition of glitches is very wide. What the data doesn’t count is how long the glitch lasted, the reason for the glitch, and how many users it impacted.

An industry executive who spoke on the condition of anonymity compared this to the fact that airlines rarely train pilots on the CAT III instrumentation system to land during foggy days. It is not worth spending so much for a few weeks of flight disruptions. Similarly, brokerages, most of whom now offer free delivery based trades, don’t see it worth their while to spend on big disruption days.

Users transacting on online brokerages often ask for compensation for trades not executed on account of system outages. Here, brokers are quite clear that they facilitate trades and are not responsible for trades not going through. Users sign agreements that indemnify brokers. For those still aggrieved, there is the Sebi SCORES platform where complaints with supporting evidence can be filed. The claim then goes through arbitration and if the investor or trader is still aggrieved the claim can be litigated.

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Mon, 03 Jun 2024 18:19:07 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235210_brokers_280x210_150x113.jpg<![CDATA[ Samar Srivastava ]]><![CDATA[ Samar Srivastava ]]>en-us
<![CDATA[ Markets on a sugar rush as exit polls thrust Sensex, Nifty to record highs ]]><![CDATA[https://www.forbesindia.com/article/take-one-big-story-of-the-day/markets-on-a-sugar-rush-as-exit-polls-thrust-sensex-nifty-to-record-highs/93286/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (21)[CAPTION]Most exit polls predict that the BJP alone will comfortably cross the half-way mark in the lower house of the parliament (272 seats) and even improve on its 2019 tally of 303 seats, with polls pointing to potentially more than 330 seats for the party alone Image: Debajyoti Chakraborty/NurPhoto via Getty Images [/CAPTION]

Even as actual count of votes of the Lok Sabha elections is scheduled on Tuesday, markets investors are already on somersaults based on exit polls, which point to a third term of Prime Minister Narendra Modi-led NDA (National Democratic Alliance). Hectic buying by investors, as soon as markets opened for trading on Monday, drove both the benchmark indices to all-time highs while the volatility index India VIX cooled off drastically.

The Sensex hit a new high at 76738.89, gaining 2777.58 points or 3.7 percent. The 50-share index Nifty too made a record high, adding 808 points, or 3.5 percent, to 23,338.70.

_RSS_Following the last phase of elections, all exit polls estimate that the Bharatiya Janata Party (BJP)-led NDA alliance looks set to secure a strong majority, with more seats than it won in 2019. If the results are in line with the exit polls, investors feel that it will allow the government to bring back some economic reforms like land laws. Official results of the Lok Sabha elections will be announced on June 4. Voting was conducted in seven phases from April 19 to June 1.

“The victory of PM Modi/BJP augurs well for the economy and capital markets as it provides stability and continuity in policy- making with a single-party majority government, which will be expected to continue pushing its economic agenda,” says Gautam Duggad, head of research, institutional equities at Motilal Oswal Financial Services. He feels after the clear verdict, stock markets will be relieved and get back to fundamentals and business-as-usual mode.

Duggad explains that fundamentally, India is witnessing its own mini-Goldilocks moment with factors such as strong macros (GDP growth of 8.2 percent in FY24 on the back of 7 percent growth in FY23, inflation at 5 percent, both current account and fiscal deficits well within tolerance band, stable currency, etc.), solid corporate earnings, focus on manufacturing, capex and infrastructure creation, and valuations at 20 times one-year forward earnings.

“This verdict and consequent political stability, and continuity in policy-making will act like an icing on the cake and keep India as the cynosure of all eyes,” Duggad adds.

However, markets were nervous and anxious during the voting phase on political uncertainty with India VIX heating up considerably. On Monday, India VIX cooled off nearly 15 percent, a clear sign that investors are not expecting any major markets corrections.

The India VIX had seen a sharp rise of about 116 percent in the first two weeks of May, indicating investors were getting increasingly nervous about a sharp correction in markets in at least the next 30 days. The India VIX, often referred to as a fear gauge or fear index, has an inverse correlation with rising markets. India VIX had risen over 90 percent in last one month.

“If the Lok Sabha results on June 4 matches exit poll numbers, our country is likely to enter a ‘golden phase’ of political stability and policy continuity,” says Neeraj Chadawar, head of research, Axis Securities.

Chadawar believes that policy continuity is a crucial element for the continuation of the current macro cycle. The focus of Modi in the third term is expected to continue on developing the country’s public infrastructure such as roads, water, metro, railways, defence, digital infrastructure, and green technologies.

“Its overall focus would also be on creating more jobs and achieving investment-driven growth. Furthermore, the private capex, which has been sluggish for the last several years, is expected to receive a much-needed push in the upcoming years,” Chadawar says.

However, market movements in the past elections suggest that the market tends to do well going into the election but may fall relatively lower after results. According to Saion Mukherjee, equity research head, Nomura, markets may react positively in the short term while foreign institutional investors (FIIs) flows may improve post elections.

“Unlike in the past elections, outperformance of Indian equity markets to other benchmark indices such as the S&P and MSCI EM is lower this time. We think higher valuation relative to the past and expectation of an NDA win meant that the risk-reward is not very favourable going into the election. Some investors thus do not want to take the event risk. We think foreign investors, in particular, are on the sidelines awaiting clarity on the election outcome,” Mukherjee says.

FIIs have net sold $4 billion of Indian equities in FY25 so far. FII holding in Indian stocks, as a result, have declined to 15.6 percent versus 19.5 percent pre-Covid, as per an analysis by Nomura. While domestic money has remained sticky with inflows under systematic investment plan (SIPs) and inflows into pension and insurance schemes. Flows under MF SIPs are now 140 percent higher than pre-Covid levels.

Also read: Markets stare at $14.5 billion outflow risk

What exit polls mean?

Most exit polls predict that the BJP alone will comfortably cross the half-way mark in the lower house of the parliament (272 seats) and even improve on its 2019 tally of 303 seats, with polls pointing to potentially more than 330 seats for the party alone. The exit polls give a range of 359-401 seats for the NDA.

According to average of all exit polls, NDA is forecast to win 370 seats (NDA had won 353 seats in 2019) Today’s Chanakya, the only agency that predicted the 2014 seats correctly, has estimated 400 seats for the NDA. Meanwhile, the highly respected and eagerly awaited Axis MY India Exit Poll (the agency that accurately predicted 2019 and also has a track record of correctly predicting 64 out of 69 polls to date) has placed the NDA in the higher range with 400 seats (361-401).

Within the NDA, the BJP alone is expected to win 325 seats. If the actual election results are in line with the exit polls, it will be the first time since the 1960s that an incumbent Prime Minister will be returning to power for a third consecutive term with a comfortable majority. Earlier, it was only Jawaharlal Nehru (India’s first Prime Minister) who won the Lok Sabha Elections in 1962, 1952 and 1957. And if the BJP wins 325 seats as predicted by the exit polls, it would have surpassed its previous tally for the second time in a row after winning 282/303 seats in 2014/2019, highlighting the pro-incumbency trend.

The opposition I.N.D.I.A. alliance is projected to win 140 seats. Within the opposition grouping, Congress is likely to improve its tally from 52 in 2019 to win 65 seats. Congress’ tally had slumped to 44 in 2014 (its lowest ever) from 206 in 2009 and then marginally improved to 52 in 2019. Congress is also expected to increase its vote share to 21 percent in 2024 from 19 percent in 2019, but it will still be close to half of the BJP’s expected vote share.

What if exit polls are not accurate?

Historically, out of the four exit polls conducted for general elections over 2000-2019, three have correctly predicted the direction of voting trends. Exit polls have also been generally more accurate than the pre-election opinion polls. For instance, in 2019, the major agencies' exit polls projected an NDA majority, though its margin of victory was underestimated. Pre-election opinion polls in 2019, however, were more off the mark in terms of the victory margin. These situations were a repeat of 2014.

“In 2009 — where exit polls predicted the outcome direction correctly — the number of seats won by the UPA alliance, which formed the government, were more accurate in opinion polls compared with exit polls,” says Shreya Sodhani, economist, Barclays. The exception was 2004.

In 2004, most exit polls as well as opinion polls pointed to the NDA winning a majority to form a government. However, the final results showed the BJP underperforming these expectations, and Congress outperforming, ultimately forming the next government with its coalition partners (the United Progressive Alliance), says Sodhani.

Rajeev Karandikar, a leading mathematician and psephologist in India, says that India’s first-past-the-post system makes it difficult to forecast the number of seats a party will win. He notes that polling agencies generally have been accurate on the vote share, which they then extrapolate to the number of seats a party will likely win using conservative estimates. Hence, the polls generally get the direction right, but not the margin of victory.

However, as of now, exit polls have enthused markets investors expecting policy continuity.

“A tally of more than 331(+/-15) seats for the BJP (2019: 303), as per Axis-India Today, regarded as one of the leading poll agencies, could be a big boost for markets,” says Sodhani. On the other hand, if BJP wins less than 272 seats in the final results, despite the NDA clearly crossing the majority mark — indicating stability in government as well, Sodhani thinks there may be a knee-jerk reaction in stock markets.
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Mon, 03 Jun 2024 17:45:12 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235209_exit-polls_280x210_150x113.jpg<![CDATA[ Nasrin Sultana ]]><![CDATA[ Nasrin Sultana ]]>en-us
<![CDATA[ Japanese crypto exchange DMM Bitcoin suffers $305 million loss in hack ]]><![CDATA[https://www.forbesindia.com/article/cryptocurrency/japanese-crypto-exchange-dmm-bitcoin-suffers-305-million-loss-in-hack/93284/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (22)[CAPTION]Image: Rob Dobi/Getty Images[/CAPTION]

Today, DMM Bitcoin, one of Japan's largest crypto exchanges, reported a significant security breach. The incident, which occurred around 1:26 p.m., led to the theft of 4,502.9 BTC, with an estimated value exceeding $300 million. The breach involved unauthorised access to the exchange's wallet, highlighting significant vulnerabilities in its security infrastructure.

In an official statement, DMM Bitcoin announced they have implemented measures to prevent further unauthorised access. To enhance security, they have temporarily suspended new account openings, crypto asset withdrawals, and the acceptance of new buying orders for spot trading.

The exchange has temporarily restricted all spot purchases on the platform and noted that withdrawals in Japanese yen "may take more time than usual." In response to the hacking incident, Japan's Financial Services Agency has mandated the company investigate the breach and take measures to safeguard customers from potential damages. Additionally, the police have commenced their own investigation into the matter.

DMM Bitcoin has assured its customers that their Bitcoin deposits are fully guaranteed. In their announcement, they stated, "Please be assured that all your Bitcoin (BTC) deposits will be completely covered. We will procure the equivalent amount of BTC that was compromised with the support of our group companies."

The exchange has expressed sincere apologies to its customers for any inconvenience caused, stating, "We deeply apologise for any inconvenience caused to our customers." DMM Bitcoin is currently conducting a thorough investigation into the details of the breach and has committed to providing updates as more data becomes available.

Despite increasing popularity, crypto assets have been marred by scandals and sudden price crashes. In 2014, thieves stole 850,000 bitcoins from the Japanese exchange Mt. Gox, amounting to about $470 million at that time. Similarly, in 2018, another Japanese exchange, Coincheck, experienced a significant hack, resulting in the loss of nearly $500 million. These incidents highlight the ongoing security challenges within the crypto industry.

According to DeFi, a web3 security firm specialising in tracking crypto thefts and scams, hackers made off with approximately $2 billion in crypto through various cyberattacks and thefts last year. Although this figure represents a substantial loss, it is noteworthy that it is the lowest annual total since 2020.

Shashank is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist.
Twitter: @bhardwajshash

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Mon, 03 Jun 2024 16:18:27 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235203_dmmbitcoins_280x210_150x113.jpg<![CDATA[ Shashank Bhardwaj ]]><![CDATA[ Shashank Bhardwaj ]]>en-us
<![CDATA[ India: Building upward, thrusting forward ]]><![CDATA[https://www.forbesindia.com/article/brand-connect/india-building-upward-thrusting-forward/93283/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (23)

India, a nation on a remarkable trajectory of growth and development, has captured global attention with its rapid advancements and ground-breaking projects. At the heart of this awe-inspiring progress is the nation's robust infrastructure development, which is not just transforming cities but also unlocking immense economic potential. Leading this revolution are visionary leaders and innovative ideas shaping the future. The prestigious Build India Infra Awards, a testament to India's prowess, celebrated this transformation, honouring the exceptional achievements that are propelling the nation forward.

In a dazzling spectacle of ingenuity and achievement, the Indian capital recently played host to the esteemed Build India Infra Awards 2024. This grand event was dedicated to recognizing the visionaries shaping India's infrastructure landscape, honoring outstanding accomplishments in vital sectors such as roads, railways, metros, ports, and aviation.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (24)[CAPTION]Vaibhav Dange[/CAPTION]

At the heart of the event was the keynote address delivered by Mr. Vaibhav Dange, the visionary behind Build India, renowned as a policy expert in infrastructure governance, Mr. Dange emphasized the pivotal role infrastructure plays as the backbone of every economy. He articulated, "Infrastructure is the cornerstone of our journey towards becoming a developed nation. It is the bedrock upon which our aspirations are built.”

The awards ceremony featured 60 nominees spanning five sectors across three distinct categories, each highlighting impact, innovation, and sustainability. These nominations showcased a diverse array of projects, illustrating the depth of creativity and ingenuity prevalent across India's infrastructural endeavors.

In addition to celebrating achievements, the event provided a platform for insightful discussions on the evolving trends within the infrastructure industry. Led by moderator Ms. Mugdha Kalra, a panel of distinguished guests including luminaries like Mr. Arvind Singh and Mr. Sanjay Bhatia focused on the pivotal role of infrastructure in shaping India's growth trajectory and the need for sustainable development practices.

A country is recognised by infrastructural advancements and innovation is at the center of it. Innovation acts as a catalyst for growth and plays a pivotal role in Indian infrastructure as well. At the Build Infra Awards, we saw another panel discussion which discussed the relationship between invention and revolution. We found yet another interesting perspective here when sustainability was added to the equation. And hence, accomplished panelists like Paul Jensen and Smt. Bharti Chaturvedi, among few more, discussed building a robust infrastructure – The Sustainable Way.

Further enriching the evening was the presence of Shri. Nitin Gadkari, Union Minister for Road Transport and Highways, Government of India. Widely lauded for his contributions to India's transport infrastructure, Mr. Gadkari shared his strategic vision for the nation's infrastructure growth in an engaging one-on-one interview with CNBC's Pariksh*t Luthra. He elaborated on transformative projects like the Dwarka Expressway and the ambitious network of Green Express Highways. Traffic has been a prime concern for most metro cities – especially Delhi and Bengaluru. To this he said, “Delhi’s main issue is the traffic. But now, because of the Dwarka Express Highway and its interesting design, 50% of the traffic problems in Delhi NCR can be solved”.

The Build India Infra Awards 2024 celebrated the remarkable advancements in India's infrastructure and highlighted the innovative spirit driving this transformation

Through visionary leadership, sustainable practices, and cutting-edge technology, India is steadily paving its path towards becoming a developed nation. The insights shared by industry leaders and policymakers underscore the critical role of infrastructure in economic growth and societal well-being. As India continues to build upward and thrust forward, the collaborative efforts of visionaries, innovators, and policymakers will undoubtedly shape a future where robust, sustainable infrastructure serves as the foundation for prosperity and global recognition.

The pages slugged ‘Brand Connect’ are equivalent to advertisem*nts and are not written and produced by Forbes India journalists.

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Mon, 03 Jun 2024 15:26:58 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235215_thumbnail800x600_280x210_150x113.jpg<![CDATA[ Brand Connect ]]><![CDATA[ Brand Connect ]]>en-us
<![CDATA[ Will GenAI disrupt higher education? ]]><![CDATA[https://www.forbesindia.com/article/international-management-institute/will-genai-disrupt-higher-education/93282/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (25)[CAPTION]The overall impact of GenAI on higher education will be very positive as it will help create superior learning outcomes for the learners, which is the ultimate objective of any kind of education.Image: Shutterstock[/CAPTION]

Now that GenAI is no longer the flavour of the month and is here to stay, grow and develop more use cases, it is time to stand up and take notice in full seriousness. So, what will GenAI do to the nature of jobs that exist today? We have already read a lot about how it will eliminate certain routine software development jobs as it will write efficient and error-free code. It will change the nature of several other jobs, such as content creation of all kinds, spanning video, image, audio, text, and data.

_RSS_One area that has not been talked about at the same level of detail is education, in general, and higher education, in particular. Education is probably the last bastion that has not been disrupted by technology. Yes, online education has taken off, but it has not really disrupted traditional education; it has simply allowed access to an audience that traditional education was not designed to serve. The question is whether GenAI will disrupt this last bastion. My view is that it will be a very positive disruption that will benefit the learners, who are the customers and audience for education in the first place.

In today's education setting, the teacher is a fountainhead of knowledge who disseminates that knowledge to learners. The learner outcomes are a strong function of the quality of the teacher, their ability to inspire and motivate, in addition to the depth of their subject knowledge and their ability to explain. This ability to explain is a function of the teaching style and pedagogical tools used, which will work for certain learning styles but not all. This means some learners whose learning style is aligned with the teacher's teaching style will learn the most effectively, whereas other learners' learning will be compromised. With whatever limitations it has, this role of the teacher will likely not be disrupted in primary education and possibly secondary education because of the younger age and maturity of the learners, who need the hand-holding and the push from the teacher. Higher education is, however, a different ball game where the learner is older and more mature and not as strongly dependent on the push provided by the teacher. Higher education is, therefore, a strong candidate for being disrupted by GenAI.

So, how will this disruption in higher education play out? How will it benefit the learners? How will it impact the teachers? The driver of this disruption will be the development of very specialised Large Language Models (LLMs) built from carefully curated high-quality content. Currently, learners are taught the fundamentals in the class by the teacher, who prescribes a textbook and a set of reference books, plus additional reading to supplement their learning. The textbook, reference books, and reading materials approach is fundamentally inefficient as learners have to rummage through a lot of material to find precisely what they are looking for. This is further complicated because what the learner is looking for will vary from learner to learner, so a standard mechanism of finding what they want is not possible.

Now, how does an LLM help? The specialised LLM for that subject replaces textbooks, reference books, and all reading materials. The LLM is trained on all this content and more—the best in class available anywhere in the world. These subject-specific LLMs will become the fountainhead of knowledge instead of the teacher. Depending on what exactly a learner is looking for, they will provide a customised prompt to the LLM, which will provide a customised answer obtained efficiently from the vast ocean of subject-specific content on which the LLM has been trained. This will support a broad cross-section of learning styles since the learners can customise their prompts based on their learning needs and have multiple follow-up prompts. What will the teacher's role be? The teacher's role will be to create curiosity and motivation in the learner by exposing them to the type of problems they can solve and the big questions they can answer with the knowledge of the subject being learned. The teacher will not teach the fundamentals of the subject in the class. The teacher will seed the curiosity for learning in the learners, based on which they will interact with the LLM through a series of customised prompts to address their curiosity and hunger to learn efficiently. The same subject-specific LLM will work for all learners of that specific subject. What will differ across learners is what prompts they use along with their follow-up prompts, which will be a function of their learning requirements and learning styles. After the session with the LLM, the learners will return to the class for peer discussion and learning facilitated by the teacher. This is the classic flipped classroom model, the holy grail of optimising learning outcomes and driving learning efficiencies.

Also read: Generative AI in the classroom: Next edtech evolution

Should the teacher feel threatened by this mode of learning? The teacher will definitely get pushed out of their comfort zone but should not feel threatened. The teacher should, instead, feel empowered with their ability to get tremendous leverage in the learning outcomes they can create for the learners way beyond the scope of their own knowledge on the subject. The teacher will become the ultimate learning facilitator as they will guide the learners in their individual learning journeys that could differ across a group of learners. It will lead to mass customisation of learning outcomes for learners, with the same teacher guiding the learning process for this entire cohort of learners.

It appears, therefore, that the overall impact of GenAI on higher education will be very positive as it will help create superior learning outcomes for the learners, which is the ultimate objective of any kind of education. Higher education learners, being older and more mature, will be able to derive maximum benefit from the flipped classroom model made possible by LLMs and facilitated by teachers. Teachers, as learning facilitators, will be able to create a better impact on learning outcomes than what they do now, where they are primarily limited to disseminating the knowledge they possess.

*Author is Dr Himadri Das, Director General, International Management Institute New Delhi (IMI New Delhi)

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Mon, 03 Jun 2024 15:03:34 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235197_genai_280x210_150x113.jpg<![CDATA[ International Management Institute (Delhi) ]]><![CDATA[ International Management Institute (Delhi) ]]>en-us
<![CDATA[ Photo of the day: Watching sealed fate ]]><![CDATA[https://www.forbesindia.com/article/photo-of-the-day/photo-of-the-day-watching-sealed-fate/93281/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (26)Police personnel watch CCTV footage to monitor the strong room where Electronic Voting Machines (EVMs) were kept after the seventh and last phase of the Lok Sabha election at AN College on June 2, 2024, in Patna, India.
Image: Santosh Kumar/Hindustan Times via Getty Images

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Mon, 03 Jun 2024 12:41:07 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235194_evm_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ AR Rahman: From the Oscar in 2009, to musical innovations ]]><![CDATA[https://www.forbesindia.com/article/15th-anniversary-special/ar-rahman-from-the-oscar-in-2009-to-musical-innovations/93280/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (27)[CAPTION]In 2009, AR Rahman won two Oscars—for Original Score and Original Song—for his work in Danny Boyle’s Slumdog MillionaireImage: Jeff Kravitz/Filmmagic[/CAPTION]

On February 22, 2009, at the 81st Academy Awards, when AR Rahman won his first two Oscars—for Original Score and Original Song—for his work in the Danny Boyle-directed Slumdog Millionaire, quite a few were left scratching their heads back home in India. Even for the most die-hard Rahman fan (or perhaps especially for them), ‘Jai Ho’ was hardly the music composer’s best. Despite winning eight Oscars, the film itself had been received with muted enthusiasm in India, with the Indian Express calling it “Salaam Bombay on speed”, referring to Mira Nair’s 1988 classic, while others were revolted by what has come to be called “poverty p*rn”.

_RSS_These wins were accompanied and followed by a plethora of other international award nominations and wins, including two Grammys, for the same tracks. Although Rahman had worked on international films earlier as well—He Ping’s Chinese film Warriors of Heaven and Earth (2003) and Shekhar Kapur’s English film Elizabeth (2007)—it was Slumdog Millionaire that firmly imprinted Rahman on Hollywood’s consciousness.

So much so, that last August, in an interview to Forbes, he said: “As an Indian composer, winning an Oscar and all that stuff, there is a pigeonhole you are put into. ‘Oh Indian stuff, let’s go to AR!’ Even though I have done 127 Hours, Pele and other stuff, but still the urge… there’s nothing bad with that. I am doing a lot of Indian movies. I love doing Indian movies. I am proud. But I also love to do something that is completely unrelated to India, as a creative expression. To get those is very difficult in Hollywood, all the places are already taken.”

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (28)In the years following his Oscar wins, Rahman has worked in several international films, including Boyle’s 127 Hours (2010), Alex Kurtzman’s People Like Us (2012), Lasse Hallstrom’s The Hundred-Foot Journey (2014), Jeff and Michael Zimbalist’s Pele (2016), and Gurinder Chadha’s Viceroy’s House (2017) and Blinded by the Light (2018). In 2011, he released a single, ‘Miracle Worker’, along with Mick Jagger of Rolling Stones, as part of the latter’s project called SuperHeavy. In 2019, Marvel Studios roped in Rahman to compose the ‘Marvel Anthem’ in Hindi, Tamil and Telugu in its attempt to widen its India fanbase.

Also read: A R Rahman: A sound in the making

When Rahman composed music for his first film, Mani Ratnam’s Roja (1992), apart from unfavourable comparisons with Ilaiyaraaja—Roja was the first of Ratnam’s 11 films without Ilaiyaraaja’s music—there was criticism of his dependence on technology. There was even some degree of apprehension that if Rahman could make computers produce the sounds of musical instruments, then what would happen to musicians. While that debate has long been laid to rest, what has remained unabated is Rahman’s love of technology.

Moving beyond music alone, and harnessing his global status, in 2022 Rahman released Le Musk, a virtual reality (VR) thriller film that he wrote, directed and co-produced. The 36-minute film premiered as part of the Cannes XR programme at the 75th Cannes Film Festival where the cinematic experience was accentuated by smell, motion and music. For this, Rahman worked with Positron, a Los Angeles-based VR technology and entertainment company, which provided the motion chairs and headsets for viewing the film.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (29)[CAPTION]AR Rahman (extreme right) with the cast and crew of Slumdog Millionaire as it wins the Best Picture award at the 81st Annual Academy Awards on February 22, 2009, in Los Angeles, CaliforniaImage: Kevin Winter/Getty Images [/CAPTION]

Continuing his trysts 1with technology, in August 2023, Rahman announced the launch of a metaverse music platform called Katraar’, where up-and-coming musicians and artistes can upload their work and earn from it. Katraar will be deployed on the Hedera Network of HBAR Foundation, with which Rahman is also planning to work on NFTs in the realms of music, art and storytelling.

In 2024, Rahman’s most recent works have been in Tamil films Ayalaan and Lal Salaam, Malayalam film Aadujeevitham, and Hindi films Maidaan and Amar Singh Chamkila. He has also teamed up with actor-director Prabhu Deva after 25 years for a film slated to release next year; their work in Gentleman (1993), Kadhalan (1994), and Mr Romeo (1996) were runaway successes of the times.

And 15 years after Rahman won the Oscars, ‘Jai Ho’ has coincidently resurfaced in media reports recently, with filmmaker Ram Gopal Varma claiming the song was, in fact, composed by Sukhwinder Singh, one of its vocalists. Singh has, however, refuted the claim.

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Mon, 03 Jun 2024 11:25:14 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235190_arrahman_280x210_150x113.jpg<![CDATA[ Jasodhara Banerjee ]]><![CDATA[ Jasodhara Banerjee ]]>en-us
<![CDATA[ Museum for Rescued Art in Rome gives stolen artefacts their due ]]><![CDATA[https://www.forbesindia.com/article/lifes/museum-for-rescued-art-in-rome-gives-stolen-artefacts-their-due/93278/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (30)[CAPTION]Director of the Museo Nazionale Romano Stephane Verger poses during a visit to The Museum for Rescued Art in Rome on May 24, 2024. Image: Photography Tiziana FABI / AFP[/CAPTION]

Antiquities recovered after being looted in Italy and sold on the global black market have found their sanctuary in the heart of Rome.

The "Museum for Rescued Art" is housed in a spectacular hall within the majestic Diocletian Baths, ancient Rome's largest bath complex.

_RSS_Currently holding dozens of amphorae, coins and busts, the museum stages rotating exhibits aimed not just at showcasing the art, but recounting how it was rescued.

Some of the antiquities were looted during illegal excavations of Etruscan necropolises north of Rome or from secret digs in the southern region of Puglia.

Many were smuggled out of Italy via a network of antique dealers and sold to foreign collectors.

Some of the objects highlighted were "resold or donated to major American museums" in the past, said museum director Stephane Verger, a French archaeologist.

Italy has waged legal and diplomatic battles lasting years as it seeks to recover its stolen artworks and plundered archaeological artefacts.

Two years ago it scored a major success.

The prestigious Getty Museum in Los Angeles agreed to return to Italy a group of three life-size terracotta statues known as "Orpheus and the Sirens" dating from the fourth century B.C., acknowledging they had been illegally excavated.

They, too, made their way to the Museum for Rescued Art, part of a thematic exhibit on Italian terracotta.

"We don't want to be like those big museums and simply show beautiful works," Verger told AFP.

"It is an educational museum which shows all the dangers of international trafficking."

But the works do not stay here.

"After being exhibited for some time, they are repatriated to other Italian museums", Verger said -- precisely where they should have been all along had they not been smuggled out of the country.

Grave robbers

Illegal excavations, such as when ancient burial sites are targeted by "tombaroli", or grave robbers, are damaging in two key ways.

Archaeologists are deprived of the looted objects themselves, but also key information on how, where and when they were found.

"Clandestine excavations have a very negative impact on our knowledge of ancient cultures," Verger said.

He added: "These days in archaeological work, context is about half the scientific value of the work."

The museum, which opened two years ago, is temporarily closed due to construction works ahead of the 2025 Jubilee Year, in which millions of Catholic pilgrims are expected to visit Rome.

But when it re-opens, could it welcome "The Athlete of Fano", a splendid ancient Greek statue in bronze that has been at the Getty for nearly 50 years?

The European Court of Human Rights ruled earlier this month in favour of Italy's request to take back the statue, known in the United States as "Victorious Youth".

But Getty contests the decision and the case could be referred to the court's Grand Chamber for further examination.

Discovered 60 years ago by Italian fishermen off the Adriatic coast of Fano in central Italy, the statue is believed to have been immediately sold, changing hands several times before resurfacing on the art market in 1974.

Also read: Is Amsterdam's Van Gogh Museum ready for a new round of Pokemon mania?

The statue, which depicts a nude athlete with a wreath atop his head, was acquired from a German dealer by the J. Paul Getty Museum for nearly $4 million.

As to whether the athlete will make a stopover to Rome's museum, Verger said that "nothing is certain".

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Mon, 03 Jun 2024 11:23:10 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235186_directorofthemuseonazionaleromanostephanevergersm_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ France&#039;s historic D-Day beaches threatened by rising sea levels ]]><![CDATA[https://www.forbesindia.com/article/lifes/frances-historic-dday-beaches-threatened-by-rising-sea-levels/93279/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (31)[CAPTION]This photograph shows a bunker (Blockhaus) from the Atlantic Wall that fell after cliffs collapsed near Sainte Marguerite-sur-Mer, northern France, on May 15, 2024. Image: Olivier MORIN / AFP[/CAPTION]

As France prepares to mark 80 years since Allied forces landed on the beaches of Normandy, the historic coastline faces a new threat -- rising sea levels linked to climate change.

More than 100 kilometres (62 miles) of Normandy's coastline bear traces of June 6, 1944, including bunkers, shipwrecked vessels, and other vestiges from the Allied troops' first step to freeing western Europe from Nazi German occupation.

But now, the sea from which 150,000 Allied troops conducted the largest seaborne invasion in history threatens those same heritage sites.

_RSS_Rising sea levels are eroding dunes and cliffs, while marshes and reclaimed land risk submersion at sites visited by millions each year.

The famed beaches –- code-named Utah, Omaha, Juno, Sword and Gold –- that were stormed by US, British Commonwealth and other allied troops have all drastically changed in 80 years.

The D-Day sites "already bear no resemblance to what Allied soldiers experienced on June 6, 1944", said Regis Leymarie, a geographer with the Coastal Conservatory in Normandy.

"We're in the process of moving from historic sites to places for interpreting history," he added.

And changes are coming fast.

Rising global sea temperatures are accelerating the melting of polar ice caps and increasing sea levels, posing a threat to Normandy's coastal communities.

"The environment will be transformed in 10 years or so," said Leymarie.

'We don't have any help'


For some communities, these changes are already here.

In Graye-sur-Mer, a village along Juno Beach, the sea has toppled entire bunkers, leaving local residents worried that history is being swept out with the tide.

And yet, few town councils are prepared to take action.

Of the 15 or so contacted by AFP in recent months, fewer than half have replied.

Three others said they would not be "affected" or even "threatened" in the near future.

Charles de Vallavieille, the mayor of Sainte-Marie-du-Mont and director of the Utah Beach Museum, disagreed.

"(There are) difficulties. We must not deny them," he said.

Standing in front of the museum founded by his father in 1962, de Vallavieille recalled watching former soldiers return to Normandy.

"I've seen veterans waving to the sea, crying... It’s the emotion of the beach," de Vallavieille said.

He said these sites should be protected but that there are limitations to actions local leaders can take, adding: "We don’t have the right to do anything".

"We don't have any help even though it's a problem that affects the whole coast –- protect one place and the water will go elsewhere."

'Coming to the end'


Located between the American and British landing sites, the Bessin cliffs, which were the site of a daring vertical assault by US Army Rangers, have not been spared.

Several German artillery batteries stood on these hard-to-reach outcrops, including the famed Pointe du Hoc, which attracts some 500,000 visitors a year.

Ascending the 25-metre (82-foot) cliff face in foul weather and under German fire, only 90 of the 225 attackers escaped unharmed.

Managed by the American Battle Monuments Commission (ABMC), the site is very fragile and partially collapsed in 2022.

ABMC said it had taken several steps to "secure the area", including installing reinforced concrete walls and sensors to detect significant movement.

The agency also moved paths back 20 metres to ensure public safety.

For Normandy conservation official Leymarie, the only thing left to do is adapt to the coming changes.

Sea levels are currently rising by a few millimetres a year.

"It's only over two or three generations that we become aware of it," he said.

Also read: Climate change one of the top concerns for Gen-Zs and millennials in India: Report

"We're coming to the end of the D-Day landing sites as we knew them," Leymarie said.

"And nature will reclaim its right."

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Mon, 03 Jun 2024 10:35:06 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235187_thealliedlandingonnormandysm_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ Top 10 most subscribed YouTube channels in the world [2024] ]]><![CDATA[https://www.forbesindia.com/article/explainers/most-subscribed-youtube-channels-in-the-world/87475/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (32)

Since its launch in 2005, YouTube has been the go-to platform for entertainment. Whether you're in the mood for funny moments, news updates, or educational content, YouTube has it all. Regarding capturing viewers' interest, some YouTube channels have stood out and secured a spot in the world's top 10 most subscribed YouTube channels. In this article, we find out all about these most subscribed channels on YouTube.

Most Subscribed YouTube Channels: Who are the Top 10?

Have you ever wondered which YouTube channel holds the title of being the most followed in the world? Well, the answer might surprise you.

Believe it or not, the most followed YouTube channel hails from India. With its captivating Bollywood songs and snippets, T-Series claims the top spot among the top 10 YouTube channels with the most subscribers (as of June 3, 2024)

Also Read: The 10 most followed Instagram accounts in the world in 2024

Let’s take a look at the others.

Rank & Channel Subscribers (millions) Primary Language & Country
#1 MrBeast 269
English & United States
#2 T-Series 266 Hindi & India
#3 Cocomelon 176 English & United States
#4 Sony Entertainment Television 173 Hindi & India
#5 Kids Diana Show 122 English & Ukraine - United States
#6 Vlad and Niki 118
English & Russia
#7 Like Nastya 116 English & Russia - United States
#8 PewDiePie 111 English & Sweden
#9 Zee Music Company 107 Hindi & India
#10 WWE 102
English & United States

Now, let’s take a closer look at the successful journey of these top 10 YouTube channels with the most subscribers in the world:

Also Read: Top 10 Indians with highest followers on Instagram in 2024

MrBeast

  • Joined: Feb 20, 2012
  • Category: Entertainment
  • Number of videos: 798

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (33)

MrBeast, also known as Jimmy Donaldson, holds an unrivalled throne as the most followed individual on YouTube and the most subscribed YouTube channel in the world. Soaring to fame and fortune, he has amassed an immense subscriber count, placing him among the wealthiest YouTubers. MrBeast's inspiring journey, with the 100,000-counting feat in 2017, electrifying viral stunts, jaw-dropping $456,000 prize challenges, and Squid Game set recreation showcases his mesmerising devoted fan base with captivating content.

Also Read: Top 20 most-liked posts on Instagram

T-Series

  • Joined: March 13, 2006
  • Category: Music and Film
  • Number of videos: 21,000

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (34)

T-Series stands second among the world's top 10 most subscribed YouTube channels. This Indian record label and film production powerhouse has enchanted audiences worldwide with captivating Bollywood soundtracks and mesmerising Indian pop music. Their journey started in 1983, offering users diverse language options and engaging content like music videos, movie trailers, and interviews.

Also Read: Top 10 most viewed YouTube live streams in the world

Cocomelon

  • Joined: Sep 2, 2006
  • Category: Education
  • Number of videos: 1100

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (35)

Cocomelon, a beloved kids' YouTube channel, is ranked third among the most subscribed channels on YouTube. Its entertaining and educational content, including nursery rhymes, made it the best YouTube channel for kids. The channel uses bright colours, catchy music, and simple language to ensure repeated views and high engagement. Its famous "Bath Song" has garnered over 5 billion views, making Cocomelon a hit.

Also Read: Top 10 most-viewed videos on YouTube in 2024

SET India

  • Joined: Sep 21, 2006
  • Category: Entertainment
  • Number of videos: 138,000

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (36)

Sony Entertainment Television (SET) India is a prominent Hindi entertainment channel, ranking fourth in the list of the most subscribed YouTube channels. Launched in 1995, it holds a significant advantage as one of the oldest players in the Bollywood industry. Various dramas and reality shows fuel the channel's popularity. SET India's 24/7 entertainment offerings appeal deeply to its dedicated user base, making it one of the most-viewed YouTube channels worldwide.

Also Read: Top 10 most followed accounts on Twitter / X in the world

Kids Diana Show

  • Joined: May 12, 2015
  • Category: Entertainment
  • Number of videos: 1200

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (37)

Kids Diana Show, an English-language series for children, features 7-year-old Diana and her brother Roma in playful and entertaining videos. The channel's excellent editing, engaging content, and consistent uploads have made them a top-rated YouTube star in the kids' entertainment category. Their videos, which include a mix of live performances, animation, and music, are dubbed in 20 languages, appealing to a global audience and have made it one of the best YouTube channels.

Also Read: Top 10 YouTube channels in India with most subscribers

Vlad and Niki

  • Joined: Apr 23, 2018
  • Category: Kids
  • Number of videos: 718

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (38)

Vlad and Niki is one of the most-viewed YouTube channels among the kids, featuring the American-born brothers Vladislav and Nikita Vashketov. Their channel stands out by providing entertainment and informative content, such as cooking videos and lessons on various cultures and languages. From toy unboxing to creating their toys, the brothers' YouTube journey has led to remarkable success, including a deal with Playmates Toys and their very own app.

Also Read: Top 10 most visited websites in the world

Like Nastya

  • Joined: Dec 6, 2016
  • Category: Kids Entertainment
  • Number of videos: 885

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (39)

At just eight years old, Anastasia Radzinskaya, popularly known as Like Nastya, has become a sensation on YouTube with her family-friendly content. Like Nastya holds the seventh spot on the list of the most subscribed YouTube channels. The channel's success can be attributed to its laser-focused approach, catering specifically to children aged 2 to 8, with videos featuring Nastya and her parents playing, learning, and singing. The relevant educational app for kids also engages its young audience, promoting more views and subscribers.

PewDiePie

  • Joined: Apr 29, 2010
  • Category: Gaming and Entertainment
  • Number of videos: 4,700

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (40)

PewDiePie, whose real name is Felix Arvid Ulf Kjellberg, is a renowned online personality known for his diverse YouTube content, including gaming, challenges, reactions, and travel videos. PewDiePie's consistency in uploading videos and collaborations with other YouTubers have contributed to his success. His fame has transcended YouTube, landing him on TIME's "100 most influential" list and making him a household name worldwide. His journey from online gaming to global recognition has made him an iconic figure in the digital world.

Also Read: Most-liked and disliked Youtube videos in the world

Zee Music Company

  • Joined: Mar 12, 2014
  • Category: Music
  • Number of videos: 11,000

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (41)

Zee Music Company, one of India's leading entertainment companies, has garnered immense popularity on YouTube with a massive library of 222,000 hours of television content. The channel's appeal lies in its vast collection of Bollywood music, catering to over a billion music lovers worldwide. From traditional classical tunes to modern pop songs, Zee Music Company offers something for everyone, making it one of the most subscribed YouTube channels.

WWE

  • Joined: May 11, 2007
  • Category: Entertainment
  • Number of videos: 76,000

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (42)

The WWE channel on YouTube has amassed a massive following of subscribers, catering to fans worldwide with entertaining content featuring favourite WWE superstars and live shows like Raw and SmackDown. Its popularity is attributed to highly entertaining videos, a global audience, and effective cross-platform promotion. WWE's effective marketing strategies and diverse content appeal to a wide range of viewers, from kids to adults, solidifying its position as one of the most-subscribed channels on YouTube.

These top 10 most subscribed YouTube channels in the world continue to push the boundaries of creativity and engagement as the YouTube landscape remains ever-evolving.

FAQs

1. Who is the most followed YouTube personality in India in 2024?

The most followed YouTube personality in India in 2024 is Ajay Nager, also known as CarryMinati, with an impressive 42 million subscribers.

2. What is the most viewed YouTube video of all time?

The most-watched YouTube video is "Baby Shark Dance" by Pinkfong Baby Shark - Kids' Songs & Stories. This viral video was uploaded on June 17, 2016, and has since garnered astonishing views, making it the reigning champion of YouTube's most-viewed videos.

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Mon, 03 Jun 2024 09:40:24 +0530 GMThttps://www.forbesindia.com//media/images/2023/Aug/img_215711_top10_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ Photo of the Day: 2024 French Open ]]><![CDATA[https://www.forbesindia.com/article/photo-of-the-day/photo-of-the-day-2024-french-open/93277/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (43)Carlos Alcaraz of Spain plays a forehand against Sebastian Korda of United States in the Men's Singles third round match on Day Six of the 2024 French Open at Roland Garros on May 31, 2024 in Paris, France. Carlos Alcaraz won the match.

Image credit: Mateo Villalba/Getty Images

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Sun, 02 Jun 2024 10:49:04 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235181_sm_sunday_gettyimages_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ Photo of the Day: India&#039;s election comes to a close ]]><![CDATA[https://www.forbesindia.com/article/photo-of-the-day/photo-of-the-day-indias-election-comes-to-a-close/93276/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (44)Security personnel carry Electronic Voting Machines (EVMs) and other voting materials as they leave for polling stations in Patna on May 31, 2024, on the eve of the seventh and final phase of voting in India's general election.

Image credit: Photo by Sachin KUMAR / AFP

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Sat, 01 Jun 2024 12:10:32 +0530 GMThttps://www.forbesindia.com//media/images/2024/Jun/img_235179_sm_saturday_afp__indiapoliticsvote_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ From Grip Invest&#039;s securitised debt instruments to the legacy of Zardozi: Our most-read stories of the week ]]><![CDATA[https://www.forbesindia.com/article/news/from-grip-invests-securitised-debt-instruments-to-the-legacy-of-zardozi-our-mostread-stories-of-the-week/93267/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (45)[CAPTION]Image: Shutterstock[/CAPTION]

1) Taking bonds to the masses
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (46)
Last year, two regulatory changes by the Securities and Exchange Board of India altered the bond investment plane in the country. The first change was regulating online bond buying platforms, which stipulated the rights and obligations of both platforms and consumers. The second change was reducing the ticket size from Rs100,000 to Rs10,000. Taking advantage of these changes, Grip Invest has innovated the process of buying and selling plain vanilla company bonds and offered securitised debt instruments to retail investors. Here's how these new fixed-income instruments are appealing to retail investors.

2) Bonds and disappearing FII
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (47)
The first story of the newsletter shows promise for the bond market as retail investors get interested in these instruments. One can hope this market might get the same boost as retail investors gave the equity market. However, the flip side of this scenario is the lack of enthusiasm among foreign institutional investors (FIIs). The inclusion of Indian government bonds in two global indices starting this June was expected to bring FIIs to the Indian shores. But upon closer look, the excitement seems to be fizzling out. So why are FIIs selling Indian bonds? Will this tide turn? Let's find out.

3) Tough road to trade
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (48)
A new report released on Thursday by LinkedIn and The Quantum Hub reveals that organisations are actively working towards gender diversity and adopting an inclusive hiring approach. There has been an increase in the overall representation of women in senior positions—directors, vice presidents, C-suites, and partner positions—rising from 24 percent in 2016 to 26 percent by 2020 and 27 percent in 2024. Data from more than a billion members on LinkedIn, across 41,000 skills, 67 million companies, and 133,000 schools globally, was analysed to understand the trend of women in leadership. But all is not rosy. Here are some essential highlights from the report.

Discover

1) Clash of the Titans?
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (49)
The campaign frenzy for the Lok Sabha elections has already settled. The last phase of polling is on June 1. On June 4, the results of these long-fought battles will be out. But this will be just two days before India witnesses another clash of the Titans. This year's bidding for fresh 5G technology spectrum opens on June 6. While a fresh scramble of aggressive bidding—of the likes of 40 rounds in seven straight days, which we saw in mid-2022—is unlikely, we will see India's leading telcos Reliance Jio and Bharti Airtel go head to head for the airwaves. Here's a quick explainer before the fireworks begin next week.

2) Going back to the roots
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (50)
Peruvian chef Virgilio Martinez's fine-dining restaurant in Lima offers a 14-course menu. Each course represents the ecological diversities of the 14 altitudes housed within the Latin American nation—from the Pacific coast to the Andean peaks via the jungles of the Amazon. Called Central, the restaurant has been voted the world's best for two consecutive years—2023 and 2024—by the prestigious World’s 50 Best list. Martinez is often out foraging across the country and devising ways to capture the uniqueness of the local produce on the menu at Central. In a chat with Forbes India, the chef discusses why he digs deep into ancient cultures, how the future of food can be sustainable and what being No. 1 means to him.

3) Cooking up a storm
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (51)
Like two bond stories, we have two culinary journeys for you this weekend. While chef Virgilio Martinez is about returning to the culture's roots to better his cooking, back home, Aditi Dugar is an accidental entrepreneur whose fine-dining space Masque in Mumbai, is about showing off the wealth of India's produce. Masque's 10-course degustation menu has brought it to the extended World’s 50 Best Restaurants list. At No. 78, Masque is one of only two Indian restaurants to have made it to the list, along with Indian Accent (at No. 89). Masque is currently the crown jewel in Dugar's sprawling empire under Urban Gourmet India. Here's a look at Dugar's journey, which began from helping her mother in the kitchen.

4) The Michelangelo of Zardozi
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (52)
When one thinks of Agra, quite a few attributes pop into the head—Taj Mahal, Petha, Agra fort, Mughlai cuisine, Kachori-jhol, Dayal Bagh, and other numerous UNESCO World Heritage, leather goods, and even a psychiatric hospital. But the labyrinthine alleys of Basai Khurd, adjacent to Shiv Kothi in Agra, carry the legacy and rich history of generations devoted to the art of zardozi embroidery. Faizan Uddin, grandson of Sheikh Shamsuddin, renowned for his role in resurrecting the art of zardozi and stands as the sole innovator in India credited with pioneering the technique of 3D zardozi embroidery, carries the torch of a legacy that reshaped the landscape of Indian embroidery. Here's all you need to know about the family that crafts masterpieces.

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Sat, 01 Jun 2024 10:00:00 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235142_reading_shutterstock_260752199_sm_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ UN urges businesses to make progress on women&#039;s sexual health ]]><![CDATA[https://www.forbesindia.com/article/lifes/un-urges-businesses-to-make-progress-on-womens-sexual-health/93269/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (53)[CAPTION]Women's sexual health. Image: Shutterstock[/CAPTION]

The United Nations on Thursday called on companies to set targets to improve the sexual and reproductive health of women employees, saying it could help increase productivity and reduce departures.

Unveiling metrics for evaluating workplace policies on women's sexual health, the United Nations Population Fund said that measures such as financing contraception, preventing harassment and offering free sanitary products should become stated corporate targets.

"Women represent nearly 40 percent of the global workforce. Yet, the average workplace was not built with a woman in mind," said UNFPA Executive Director Natalia Kanem.

_RSS_To date, women's sexual health has been only marginally represented in company reports on environmental, social and governance (ESG) indicators, which some investors use to make business decisions.

The absence of a standardised methodology has also complicated reporting on the issue.

So the new UNFPA metrics, which the agency calls the "first-of-its kind", aim to track progress on issues such as maternity leave, sexual harassment protocols, as well as access to fertility treatments and services linked to sexually transmitted infections.

Also read: The Mozambicans paving the way for conservation and empowerment

Businesses and investors could then use the data to make decisions on whether to choose a particular supplier or invest in a company based on their track record on women's sexual health, the designers argue.

According to studies cited by the UNFPA, investing in sexual and reproductive health "can yield up to a 22 percent increase in productivity, 62 percent reduction in absenteeism, and 23 percent reduction in staff turnover".

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Sat, 01 Jun 2024 09:27:25 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235160_sexualhealth_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ At 8.2 percent, India&#039;s GDP growth continues to surprise ]]><![CDATA[https://www.forbesindia.com/article/news/at-82-percent-indias-gdp-growth-continues-to-surprise/93275/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (54)[CAPTION](File) Sheets of steel being rolled at the POSCO India Pune Processing Center Pvt. Ltd. in MIDC Talegaon, outskirts of Pune, India.Image: Abhijit Bhatlekar/Mint via Getty Images [/CAPTION]

India’s GDP numbers beat expectations with 8.2 percent growth in FY24 as the economy saw a rise in investment spending even as consumption spending stayed tepid. Numbers released for Q4FY24 saw GDP coming in at 7.8 percent.

Government estimates had earlier placed FY24 growth at 7.6 percent. Strong growth also resulted in a reduction in the FYT24 fiscal deficit number to 5.6 percent.

_RSS_The gross value added or GVA numbers for both Q4FY24 and FY24 were lower at 6.3 percent and 7.2 percent respectively. “The gap between the GDP from the expenditure side and the GVA from the supply side has continued to increase,” says Sakshi Gupta, principal economist, HDFC Bank. This was on account of the fact that subsidies were lower during the year while indirect taxes saw a rise. A fall in the wholesale price index also saw nominal growth at 9.5 percent compared to the double-digit growth in nominal GDP seen in FY23 and FY22.

While headline GDP numbers were strong they masked a growing weakness in consumption spending that accounts for two-thirds of growth. The increase in private final consumption expenditure stood at 4 percent, which was half the percentage increase in gross fixed capital formation at 8 percent.

The sluggishness in consumption is on account of spending in urban India having petered down after the post Covid bump in sales and rural spending being slow due to the unevenness of the monsoon in 2023. With this year’s monsoon forecast there is an expectation that rural spending would resume.

Also read: With a record $776.68 billion worth of exports in FY24, India's trade deficit narrows to $78 billion

For FY25 the Reserve Bank of India has kept its growth forecast unchanged at 7 percent and consumer price inflation at 4.5 percent. Lower food price inflation could prompt people in rural India to spend more, according to Gupta. Growth could be further aided by rate cuts in the second half of FY25.

For now, all eyes are on the first full Budget of the next government that should lay the direction for growth in the next five years. Keenly watched would be whether the government would give a boost to consumption either through tax cuts or increased subsidies or continue to boost capital spending. A pick-up in corporate capex will also be keenly watched.

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Fri, 31 May 2024 19:19:15 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235175_gdp_280x210_150x113.jpg<![CDATA[ Samar Srivastava ]]><![CDATA[ Samar Srivastava ]]>en-us
<![CDATA[ Can Jio subsidiary Radisys succeed in its ambitious 5G technology African venture? ]]><![CDATA[https://www.forbesindia.com/article/take-one-big-story-of-the-day/can-jio-subsidiary-radisys-succeed-in-its-ambitious-5g-technology-african-venture/93274/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (55)[CAPTION]Radisys, a wholly owned subsidiary of Reliance Jio Platforms, announced plans to offer 4G and 5G shared network infrastructure technology in partnership with Next-Gen InfraCo (NGIC), a Ghana government backed telecom company, to customers and businesses in Ghana, with plans to expand to other countries across Africa in coming years.Image: Shutterstock[/CAPTION]

For decades now, the growth opportunities that business leaders, economists and investors anticipated from Africa—from pharmaceuticals to minerals and telecom, light manufacturing and digital services—remained unlimited. Last week, Radisys, a wholly owned subsidiary of Reliance Jio Platforms, announced plans to offer 4G and 5G shared network infrastructure technology in partnership with Next-Gen InfraCo (NGIC), a Ghana government backed telecom company, to customers and businesses in Ghana, with plans to expand to other countries across Africa in coming years.

_RSS_It has raised the possibility that Jio will lock horns with its India rival Bharti Airtel in Africa too, where the latter provides telecom and mobile services. But, at least for now, this will not be the case. While the turf will be the same—and Airtel already operates in 14 African countries—Radisys with NGIC offers a telecom infrastructure and vendor service, which is different from Airtel’s telecom and mobile money service.

Africa contributed about 25 percent to Airtel’s consolidated FY24 revenues and, after a tough period of initiation where it had to raise debt to keep the business running and profitability became a concern, it managed to turn the business around. Costs were lowered and it focussed on providing 4G technology. It is the second largest telecoms operator in Africa, after South Africa’s MTN, with 38 million Airtel Money customers.

What Jio will do

NGIC will work with local mobile network operators (MNOs) AT Ghana and Telecel Ghana, besides Radisys, Nokia and Tech Mahindra, the latter being a managed service provider (MSP) for Microsoft Core Network. “NGIC aims to expand beyond Ghana, leveraging cloud and Open RAN (radio access networks) technologies to create borderless networks,” says Harkirit Singh, CEO of Ascend Digital Solutions, which specialises in helping telcos build fixed and wireless network solutions.

The various partners provide the complete stack of core infrastructure, RAN, devices, platforms, and application ecosystems, enabling us to replicate the successful template established in India by Jio. “Our plan is to bring this proven model to Africa,” Singh told Forbes India.

An Open RAN infrastructure allows inter-operation between cellular network equipment provided by different vendors. They can enter the market and offer telecom connectivity to the Ghana region.

NGIC has begun roadshows to raise $200 million from potential investors across the US, Middle East, Asia, and Europe. The capital will be utilised over a three-year period, with the first round of funding expected to close in August this year.

“The venture will provide 4G and 5G infrastructure—it means wireless equipment, base stations, radios and antennas. The objective is to expand coverage and capacity so that all mobile network operators benefit from it,” Arun Bhikshesvaran, CEO of Radisys, told Forbes India. For 5G technology, NGIC has an exclusive licence for a 10-year use through a national shared network.

As in India, Radisys and its partners are betting big on 5G technology for the African market. “We are taking a modern approach: At this age if you’re going to invest in infrastructure you have to do it in a way where you get the best of what is available today in terms of lifecycle management cost, flexibility in the network and separation of software and hardware.”

“And make it useful for people—the devices need to be offered at the right affordability structure. We are not trying to build 5G networks to power iPhones to watch YouTube videos. It has a strong social purpose,” Bhikshesvaran says.

Also read: Will Bharti Airtel take on Jio at the spectrum auction?

Radisys, founded in the United States 38 years ago, specialises in three segments—communication services sector; fixed broadband and mobility (wireless network). In India, Radisys operates in all three areas. “In communication services our software and hardware is installed in 200 operating networks across the world and is part of all modern VoLTE networks. We are connected with 2 billion subscribers on a daily basis,” Bhikshesvaran says.

So when you make a call a ring-back tone, announcements and conferencing, the software is powered by Radisys.

In the fixed broadband, Radisys offers fiber to home, fiber to building technology where the hardware and software is used by Reliance Jio. It is involved in major FTTX projects with other customers globally, for example Deutsche Telekom in Germany.

Radisys in India, which is unlisted, clocked a 139 percent year-on-year jump in net profit at Rs 63.14 crore in FY23, on revenues from operation of Rs 848.64 crore, which rose over 50 percent for the corresponding period in the previous year.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (56)

Africa: The usage gap

This venture appears to be a well thought out one. The journey spanned over two years, driven by a strategy and vision to democratise mobility through meaningful connectivity. “We defined three key imperatives: The availability of cloud-based and Open RAN technology to build a hyperscale telco cloud, collaboration with technology partners who share our vision of creating high-skilled technology jobs, and the provision of affordable devices alongside platforms and services/applications,” Singh told Forbes India.

“The key challenge in the market is the usage gap, necessitating more devices and an ecosystem of applications and platforms to drive consumption,” he says.

Airtel, which went into Africa as a telecom service provider, found the early years a massive struggle. It emerged profitable in Africa only in 2018, eight years after it had bought out Kuwait-operator Zain’s mobile operations in Africa for nearly $9 billion.

Airtel insiders will tell you that Africa offers huge opportunities, but this does not mean that it is an easy market to monetise business. “Africa always comes with nuances of its own—repatriation of money is a concern, dealing with forex and currency depreciation is a concern,” says an industry source who formerly worked at Airtel. “Africa is a continent, not a country, the French speaking region and market is different from the English speaking or the African speaking one. It is still a Third World market, barring the matured markets of Nigeria and Kenya,” he told Forbes India on condition of anonymity.

Bhikshesvaran does not agree. “If you enter a market after it is mature then you will be late. You’ve got to be part of the change to make things happen for society,” he says. NGIC will start in a phased manner, looking to roll out 4G and 5G networks in Ghana’s capital Accra, besides fixed wireless network.

Despite high mobile penetration rates (see Ghana snapshot table), the growth of 4G and 5G in Ghana is hindered by a lack of market competition. The NGIC aims to address this imbalance through a Network-as-a-Service (NaaS) model.

NGIC will be collaborating with the Smart Africa Alliance, which includes 38 African countries and representation from the International Telecommunication Union (ITU), African Union, World Bank, and others. “We believe that the Ghana model will become a playbook for all member states, with at least 6-7 countries eager to replicate it,” Singh says.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (57)

Monetisation and beyond

Capex towards 5G technology has meant that the need for MNOs to monetise on this technology has only risen. In India, the hype for 5G technology grew faster than its usage. The technology is obviously useful—and has helped telcos such as Jio and Airtel to debottleneck their 4G networks—but there are very few use cases to test the capabilities of 5G.

The 5G expansion into Africa will mean there will be a real challenge to monetise on this technology. Bhikshesvaran presents a realistic picture. “The question is is there a demand which can be captured and served well? The answer is yes. The demand is for broadband application, experiences and services. That is unquestionable.

What is the most effective way to deliver capacity to meet the demand?” Bhikshesvaran asks. “It is a combination of spectrum which is available, price point for the devices and best underlying technology which you use to deliver this package. In 2024, it is not efficient to build it on 2G or 3G technology, it has to be built on 4G and 5G.”

“There is no one solution which fits all. In some frequency bands the ecosystem is different. In other frequency bands, the ecosystem is better suited for 5G. It is building the underlying broadband infrastructure as a utility at the optimum price per gigabyte possible, for both capex and operating expenses,” he says.

There is no doubting Jio and NGIC’s strategy of building a shared telecom infrastructure ecosystem. If executed well, it will encourage competition amongst MNOs and serve as a catalyst for digital entrepreneurs to develop local content. Their ability to plan R&D, products and think as a B2B player will also determine their success. Ultimately, of course, the test will be in whether the venture emerges profitable.

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Fri, 31 May 2024 17:35:28 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235166_jioinafrica_280x210_150x113.jpg<![CDATA[ Salil Panchal ]]><![CDATA[ Salil Panchal ]]>en-us
<![CDATA[ Gen Z, the X factor and smartphones: Inside HMD&#039;s bold gambit ]]><![CDATA[https://www.forbesindia.com/article/take-one-big-story-of-the-day/gen-z-the-x-factor-and-smartphones-inside-hmds-bold-gambit/93273/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (58)[CAPTION]Ravi Kunwar, VP-India & APAC, HMD (human Mobile Devices). The maker of Nokia-branded phones, HMD is all geared up to launch the company's own branded phones in India soon.
Image: Madhu Kapparath[/CAPTION]

Ravi Kunwar has loaded his armoury with unconventional weapons. “We are not waging a spec war,” says the vice president (India & APAC) of HMD Global. The Finnish company, which has been producing Nokia phones since 2017, is set to launch its own line of mobile devices sans Nokia branding. “It’s not going to be ‘X’ megapixel versus ‘Y’ megapixel,” reckons Kunwar, an old Nokia hand who joined HMD in December 2016, and has had stints with Microsoft and Samsung in his over three decades of experience in the mobile and consumer durables industries. “It’s not going to be ‘small’ versus ‘big’ screen,” says Kunwar, outlining HMD’s differentiated game plan.

_RSS_The Finnish brand is shunning the tried-and-tested path. HMD will not play a price warrior. “It can’t be our price versus their price,” says the handset veteran, who is confident of taking on the much bigger smartphone rivals in India with his out-of-the-box product and marketing strategy. HMD, he underscores, will roll out phones that would be loaded with a different kind of specs: Sustainability, repairability, and data privacy. “Our products will have best-in-the-class features,” he claims. “But we are more than that. We are making sustainable phones,” he underlines. HMD’s plan, he lets on, is rooted in purpose. “We do what is right for our partners, people, and the planet,” he says.

Kunwar’s language mirrors HMD’s global ideology. Take, for instance, the talk on sustainability, which revolves around three Rs: Repair, reuse, and recycle. HMD’s approach, he reckons, spans the lifecycle of a device. “We make devices that last; we help keep devices in use for longer, and we harvest recycled materials. Then we do it again,” he says, reflecting the global credo of the brand. “If your car breaks down,” the Finnish company decodes its philosophy by making an elementary point on its website, “you don’t drive it straight to the junkyard. You try to get it fixed.” The descriptive note flashing on the global website goes on to ask a pertinent question: Why should one buy a brand-new phone if the screen cracks, or if the battery runs dry?

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (59)

HMD is building for the present and future. “We’re making phones that you can fix yourself,” says Kunwar. “We are making phones which appeal to Gen Z,” he says. This generation—born between the nineties and the noughties—prefers a brand that drives sustainability. “We needed to answer ‘what next’ for HMD,” he says, adding that the philosophy of the company was in sync with Gen Z and a growing set of consumers who care for the environment, and the future.

Noble intent notwithstanding, the task won’t be easy. “I know it’s a red ocean,” confesses Kunwar. With the top five brands collectively cornering almost 65 percent of the smartphone market during the first quarter of this year—Vivo (16.2 percent), Samsung (15.6 percent), Xiaomi (12.8 percent), Oppo (10.2 percent), and Realme (9.8 percent)—there is not much left for a new brand to manoeuvre. “I know it’s hyper-competitive,” concedes Kunwar, who is fixated on the task of making a mark in the Indian market, which happens to be HMD’s biggest in terms of value, volume, and profit. “But we are ready,” he says beaming. His team flashes a victory sign.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (60)

The smartphone dangal is on. As one strides into the corporate headquarters of HMD in Sector 62 of Gurugram, one can sense a feisty vibe. “Fight the odds,” reads one of the motivating posters of Aamir Khan-starrer Hindi blockbuster Dangal, which dangles on one of the walls. Then there is Shahrukh Khan-starrer Chak De India, which urges the team to “find your chords”. For the ones still starved of inspiration, there is another poster of Bhaag Milkha Bhaag, and the message is: Run to greatness. ‘Take bold steps,’ ‘dare and dazzle,’ and ‘show your colours’ are a bunch of energising words that lift the peppy office interior.

The panoramic landscape, though, changes as one steps out of the building. Just 100 metres away, one can spot a billboard of Vivo, the biggest smartphone brand in India during the January-March quarter of this year. A kilometre away from HMD’s building, Samsung makes its strong presence felt via signboards, posters and aggressive advertisem*nts. Xiaomi, another Chinese biggie which topped the chart for 20 consecutive quarters in India, starts grabbing the eyeballs as Mi-branded stores dot the competitive landscape.

Also read: The Nokia 3210 returns, offering a retro alternative to modern smartphones


For HMD, the fight won’t be a cakewalk. What makes it tougher for the Finnish challenger brand is the sobering reality that Nokia—a brand that HMD has been making and selling since 2017—doesn’t even have a 1 percent smartphone market share in India (see box). Even though Nokia is the biggest feature phone brand in India in terms of value market share, this statistic won’t be of much use when it comes to the smartphone battle. HMD is going solo, and it won’t be easy.

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Interestingly, a clean slate and a life without baggage—HMD won’t be carrying Nokia branding on its phones—is what gives the Finnish contender a fighting chance. “It’s a new beginning, a new brand, and a new experience,” reckons Ash*ta Aggarwal, professor of marketing at SP Jain Institute of Management and Research. The fact that HMD has been selling Nokia-branded phones by highlighting its name—the makers of Nokia phones—makes it a known brand. “It will have the brand equity and recall that Nokia had,” she adds.

Industry experts too reckon that HMD will reap a positive Nokia rub-off. “Nokia’s strong position in the feature phone market and its vast retail footprint is an opportunity for HMD in entry-level smartphones,” says Upasana Joshi, senior research manager at IDC. Nokia, she adds, had a 21.6 percent market share in feature phones in the first quarter of this year.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (62)

Another plus for a rookie brand is a dominant feature phone market in India, which rebounded last year. “A huge chunk of the population remains unpenetrated. This gives new players an opportunity,” says Tarun Pathak, research director at Counterpoint Research. Last year, around 65 million feature phones were sold in India. As and when a user upgrades to a smartphone, HMD will strongly remain in the recognition fray of the buyer. HMD, Pathak underlines, has experience in manufacturing Nokia phones. “Therefore, it’s not new to the market,” he says. HMD plans to enter the belly of the smartphone market—$100-$200 (Rs 8,327-Rs 16,654)—that covers 48 percent of the smartphone market in India. “Since Nokia’s market share is negligible, there won’t be any chance of cannibalisation,” he adds.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (63)

A new brand, point out handset analysts, will also have an initial edge. “This edge is known as ‘beginner’s luck,” reckons Faisal Kawoosa, founder of techARC, a technology analytics, research, and consulting firm. But after the honeymoon, he underlines, the brand will have its task cut out. “Your product, proposition, and marketing will decide your fate,” he says. “Beginner’s luck can only work in the beginning,” he says, adding that HMD needs an aggressive marketing strategy to take on the nimble and fierce Chinese brands. A Nokia pedigree, he points out, gives an entry. “How HMD plays its game after the entry is up to the new brand,” he says.

HMD’s Kunwar, for his part, is confident of success. “We are sticking to innovation, and the three pillars of sustainability, repairability and data privacy. We are confident,” he signs off.

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Fri, 31 May 2024 16:59:44 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235164_ravikunwar_hmd_280x210_150x113.jpg<![CDATA[ Rajiv Singh ]]><![CDATA[ Rajiv Singh ]]>en-us
<![CDATA[ Seine still failing water tests two months from Paris Olympics ]]><![CDATA[https://www.forbesindia.com/article/lifes/seine-still-failing-water-tests-two-months-from-paris-olympics/93271/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (64)[CAPTION]Water charity Surfrider has been conducting regular tests to measure levels of two crucial bacteria which indicate the presence of faecal matter (Photo by Martin BUREAU / AFP)[/CAPTION]

Water tests in the Seine in Paris show the river is still too dirty to swim in, two months before the start of the Paris Olympics when it is set be used by athletes, data from a charity showed Wednesday.

French authorities have been in a race against time to clean up the Seine, which is set to host the swimming leg of the triathlon at the end of July as well as the open-water swimming in August.

Water charity Surfrider has been conducting regular tests to measure levels of two crucial bacteria which indicate the presence of faecal matter.

_RSS_Its latest results showed levels of E. Coli and enterococci higher than authorised levels set by sports federations and European bathing standards.

One reading for E.Coli at the Alexandre III bridge was more than three times higher than the maximum level authorised by the triathlon and open-water swimming federations.

Heavy rainfall in May is likely to have contributed to what Surfrider called the "poor" water quality.

It noted that there had been heavy rain 36 hours before the tests, but only light rain in the 12 hours previous.

Heavy rainfall is known to overwhelm Paris' more than century-old sewage system, leading to direct discharges into the river of untreated effluent.

Organisers are praying for fine weather during the July 26-August 11 Olympics and have been open about the possibility of needing to delay or even cancel the Seine swimming in the event of storms.

New infrastructure

Although a new water treatment plant was inaugurated upstream of Paris at the end of April in Champigny-sur-Marne, another major Olympics-related water infrastructure project has yet to enter service.

A giant new underground storm water facility close to the Austerlitz train station in eastern Paris -- which will stock water to prevent discharges into the river -- is scheduled to come on stream in early June.

Cleaning up the Seine had been "probably the most difficult (Olympic) project to organise," deputy Paris mayor Emmanuel Gregoire told reporters in April.

Around 1.4 billion euros ($1.5 billion) has been spent by French authorities upgrading sewage treatment and storm water facilities around Paris to reduce the amount of untreated faecal matter flowing into the river and its main tributary, the Marne.

The cleaning-up of the Seine has been promoted as one the key legacy achievements of the Paris 2024 Games, with mayor Anne Hidalgo intending to create three public bathing areas in the river next year.

Also read: Gustave Eiffel: French tower builder who sparked skyscraper frenzy

She and President Emmanuel Macron have also promised to take a dip before the Games to demonstrate it is safe, with Hidalgo pencilling in June 23 for her swim, according to sources.

Olympic open-water swimming has been hit by pollution concerns in the past, notably in Rio in 2016 and Tokyo in 2021.

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Fri, 31 May 2024 16:14:09 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235158_parisfrancesm_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ Career advice: How to become a &quot;friction fixer&quot; ]]><![CDATA[https://www.forbesindia.com/article/stanford/career-advice-how-to-become-a-quotfriction-fixerquot/93270/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (65)[CAPTION]Friction makes work harder, slower, and more complicated.Image: Shutterstock[/CAPTION]

Emails that drone on and on. Meetings that could have been Slack messages. Memos loaded with empty jargon. We’re all familiar with friction, or what Robert I. Sutton and Huggy Rao describe as “forces that make it harder, slower, more complicated, or downright impossible to get things done.”

_RSS_In their new book, The Friction Project: How Smart Leaders Make the Right Things Easier and the Wrong Things Harder, Sutton (a professor of organizational behavior, by courtesy, at Stanford Graduate School of Business and professor emeritus of management science and engineering at Stanford) and Rao (a professor of organizational behavior at Stanford GSB) offer a wealth of advice on identifying and removing troublesome friction — while implementing the helpful kind. Here are some tips for aspiring “friction fixers”:

Less Is More: We often believe that adding stuff is an improvement. Calling extra meetings or creating new positions might feel productive but may do more harm than good. To combat “addition bias,” Sutton and Rao recommend locating subtraction targets. Try “the rule of halves”: a thought experiment where you reduce something (like the length of a meeting) by 50% and only add back what’s truly missing.

Value People’s Time: The hallmark of great friction fixers is their consideration of other people’s time. Sutton shares an example from an unexpected place — the California DMV, where he saw a friendly employee make their way down a line of 50 people, handing out forms (and pens) so some could finish their business on the spot and others could wrap up their appointments more quickly. Thanks to this helpful friction fixer, Sutton was out of the DMV in half an hour.

Get Rid of Gobbledygook: Overly complex lingo can be confusing. Take the management framework Holacracy, which is full of lines like this: “A Role may link into another Circle if a Policy of that other Circle or any Super-Circle thereof invites it.” To avoid “the hazards of convoluted crap,” Sutton and Rao suggest speaking or writing in concrete terms, incorporating sensory metaphors, and using the present tense.

Also read: Tools and strategies for taming a politically polarized workplace

Slow Down: Some friction is good. Sometimes, you must get your employees or colleagues to resist impulsive or instinctive moves. In particular, generating great ideas can’t be rushed. “To do creative work right, teams need to slow down, struggle, and develop a lot of bad ideas to find a rare good one,” Sutton and Rao write. After launching a new project, take a moment for some “imaginary time travel.” Generate “previctorems” in which your team sketches out the story of its future success and “premortems” in which you speculate about massive failure.

Everyone Can Fix Friction: Friction elimination is both top-down and bottom-up. Hawaii Pacific Health’s Getting Rid of Stupid Stuff (GROSS) campaign was initiated by a chief medical officer but driven by doctors and nurses who flagged tasks that cut into their time with patients — like a mouse click that was sucking up 1,700 hours of nurses’ time every month. While senior executives may initiate systemic change, every member of an organization can contribute to friction fixing.

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Fri, 31 May 2024 15:47:51 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235154_frictionfixer_280x210_150x113.jpg<![CDATA[ Stanford ]]><![CDATA[ Stanford ]]>en-us
<![CDATA[ Petcare brand Heads Up For Tails launches its first store in Singapore ]]><![CDATA[https://www.forbesindia.com/article/news/petcare-brand-heads-up-for-tails-launches-its-first-store-in-singapore/93266/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (66)[CAPTION]Rashi Narang, Founder of Heads Up For Tails at HUFT's Gurugram office. Photo: Amit Verma[/CAPTION][br]

Recently, petcare brand Heads Up For Tails (HUFT) announced its global expansion with the opening of its first store in the Singapore market. With close to 90 stores and 1000 SKUs in India, the company, founded in 2008, has established a reliable brand name for its innovative products and services for pets.Heads Up For Tails’ revenue from operations grew to Rs 312.8 crore in FY23 from Rs 215.6 crore in FY22. However, a 65.6 percent surge in the total cost led HUFT's losses to touch Rs 76.7 crore in FY23 compared to Rs 18.7 crore in FY22.

_RSS_After having tracked the market for over five years, Rashi Sanon Narang, founder of HUFT says, “We realised that the dynamics of the market lend itself very well for us—the market is very evolved, has high paying capacity, customers are looking for unique products and experience and have very little choice.” Given that she spent a couple of years living in Singapore, she knew the market fairly well. She adds, “We see Singapore as an extension of India—the business environment is extremely company friendly.” The 500 sq ft store in Singapore features over 1,000 products, including designer pet accessories, daily nibbles, gourmet treats, organic grooming, daily essentials, and personalised merchandise.

Forbes India spoke to Narang about her plans to deal with the competition and further global expansion. Edited excerpts:

On the opportunity in Singapore

HUFT recognised a significant opportunity in Singapore's pet market, which is valued at approximately Rs 1,000 crore despite the country's small geographic size. This substantial market potential, combined with a demand for unique products and experiences, aligns perfectly with HUFT’s offerings. Our combination of high-quality products and exceptional customer experiences is ideally suited to meet the needs of pet parents in Singapore.

On dealing with competition

The market in Singapore is very mature and organised, primarily dominated by one large player. However, we see this as a ripe opportunity for disruption. Our strategy focuses on offering highly differentiated products and experiences, which we believe the market currently desires but lacks. By introducing unique, high-quality products and exceptional customer experiences, we aim to meet the unmet needs of pet parents in Singapore, positioning ourselves as a fresh and appealing alternative to the existing offerings.

On strategic product-driven changes

Most of our existing product portfolio aligns well with the Singapore market, as we designed it with a global perspective from the outset. Our offerings boast unparalleled width and depth, catering to a diverse range of pet care needs. Our Singapore store includes a range of cooling products tailored for the local climate, such as cooling mats, bowls, and raincoats. Additionally, Heads Up for Tails is developing a special edition line for Singapore in the lifestyle and treats categories.

Also read: From a pet project to a massive brand, the tale of Rashi Narang's 'paw'sitive journey

On change in pricing

Our pricing strategy will be competitive to quickly capture market share and build a volume-driven business. We aim to offer excellent value, ensuring our products are accessible to a wide range of customers. Additionally, we plan to introduce premium products specifically for the Singapore market, reflecting the higher paying capacity and the elevated cost of operations. This dual pricing strategy will allow us to cater to various market segments effectively.

On the anticipated challenges of the Singapore market

Our most significant challenge will be establishing brand recognition in Singapore. Unlike in India, where we had the advantage of being an early mover and have built our reputation over 16 years, we need to create the same level of buzz and trust in a much shorter timeframe.

The second is the cost of operations in Singapore will be much higher as compared to India. We are hoping to manage our cost structures efficiently to maintain competitive pricing without compromising on quality or customer experience.Heads Up for Tails: For the love of dogs

On further global expansion plans

Our expansion into Singapore has already begun to generate recognition among South Asian buyers, leading to inquiries from companies in Indonesia, Thailand, and Myanmar. While we currently do not plan to establish retail operations in these countries, we are enthusiastic about supplying our products to meet the growing demand. This will allow us to expand our brand presence and reach new markets without the overhead of setting up retail locations.

Besides Singapore, the UAE is the only other country where we plan to establish direct retail operations. In a short period, Dubai has emerged as a substantial market for us. Similar to Singapore, Dubai's market is sophisticated, with a high capacity for premium products and unique experiences. We believe our offerings will be well-received and appreciated by pet parents in Dubai, mirroring our success in Singapore. While we entered Singapore directly, we will be looking for a JV partner for UAE.

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Fri, 31 May 2024 14:54:26 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235136_rashinarangsm_280x210_150x113.jpg<![CDATA[ Naini Thaker ]]><![CDATA[ Naini Thaker ]]>en-us
<![CDATA[ RFK Jr. calls for end to &#039;hostile&#039; crypto policies in US ]]><![CDATA[https://www.forbesindia.com/article/cryptocurrency/rfk-jr-calls-for-end-to-hostile-crypto-policies-in-us/93265/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (67)[CAPTION]Independent presidential candidate Robert F. Kennedy Jr. speaks at the Libertarian National Convention in Washington, DC.Image: Kevin Dietsch/Getty Images [/CAPTION]

Robert F. Kennedy Jr., an independent candidate for the US presidency, has outlined his vision for the country's blockchain industry. Kennedy Jr. aims to position the United States as the global centre for blockchain technology, ensuring that American companies remain competitive and innovative in the space.

If elected, RFK Jr. has committed to addressing the perceived challenges of crypto regulation facing the crypto market. Kennedy Jr. asserts that the current crypto regulatory environment threatens Americans' transactional freedom, a concern he aims to resolve leading up to the November election.

On May 30, Kennedy Jr. emphasised the importance of financial autonomy and decentralised currency, citing concerns about totalitarianism and government overreach. He says the need for "sovereignty over our own wallets and transactional freedom" is crucial in today's political climate.

Kennedy highlighted the Canadian government's 2022 decision to freeze fiat and cryptocurrency accounts belonging to "Freedom Convoy" protesters, who advocated against vaccine mandates for truckers. According to him, the Biden administration's perceived hostility towards Bitcoin drives the technology abroad, leading to a decline in the number of crypto companies operating in the United States.

He also pointed out that U.S. laws have already driven many crypto companies to Switzerland and Singapore, where crypto regulatory environments are more favourable, while emphasising the need for the U.S. to remain a hub for blockchain technology.

Kennedy promised to end the Federal Reserve, Securities and Exchange Commission (SEC), and Federal Deposit Insurance Corporation (FDIC) 's perceived hostility toward cryptocurrencies.

Donald Trump, the presidential candidate, has pledged to ensure that the future of crypto is U.S.-centric if he wins the election. Kennedy's chances of securing the presidency are low, with a current polling percentage of 9.8 percent. In comparison, Trump is leading the pack with 41.2 percent, followed closely by President Joe Biden at 39.5 percent.

Many within the crypto community argue that the Securities and Exchange Commission (SEC) lacks the necessary jurisdiction to oversee digital assets. Congress has not passed specific laws granting the regulator such authority.

Despite these claims, the SEC has launched multiple lawsuits against crypto firms, alleging violations of securities laws and illegal operations. The Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) are also perceived as unfriendly towards the crypto industry.

Shashank is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist.
Twitter: @bhardwajshash

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Fri, 31 May 2024 14:17:02 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235130_robertf.kennedyjr_280x210_150x113.jpg<![CDATA[ Shashank Bhardwaj ]]><![CDATA[ Shashank Bhardwaj ]]>en-us
<![CDATA[ Israel- Palestine: Two states, one long conflict ]]><![CDATA[https://www.forbesindia.com/article/15th-anniversary-special/israel-palestine-two-states-one-long-conflict/93263/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (68)[CAPTION]Smoke billows following Israeli bombardment in Rafah, in the southern Gaza Strip, on March 27, 2024, amid the ongoing conflict between Israel and the Palestinian militant group HamasImage: Said Khatib / AFP[/CAPTION]

In January 2009, Hamas (the Palestinian Islamist military group that controls the Gaza Strip) accepted the offer of a ceasefire on Israel, following an intervention by the United Nations (UN); Israel, too, began its withdrawal from Gaza. Fifteen years later—as the Israel-Palestine conflict refuses to be resolved—Hamas once again, in May 2024, accepted a proposal of ceasefire over Gaza and agreed on a hostage release deal with Israel. But, only a few days later, Israel launched strikes on the Palestinian city Rafah, leading to the end of ceasefire talks and the hostage deal. The situation remains fluid as of May 10.

_RSS_The current situation follows months of intense fighting between Hamas and Israel, after the former launched an attack on the latter on October 7, 2023, killing more than 1,400 Israelis and taking more than 240 hostages. Israel retaliated with extensive airstrikes on the Gaza Strip and a ground invasion, resulting in more than 33,000 Palestinians losing their lives.

The Israel-Palestine conflict revolves around land that both claim authority and control over. Both Jews and Arab Muslims have been connected to it for millennia, but the current political troubles started in the early 20th century, resulting in numerous violent conflicts, which impacted other countries and killing several thousands.

In the 15 years between 2009 and now, much has happened in this long-standing dispute. In 2011, Palestine’s President Mahmoud Abbas applied for the country’s membership in the UN. Although the application failed—it didn’t get the required minimum support of nine of the Security Council’s 15 members—Palestine obtained the status of a non-member observer state in November 2012. In the same month, violence broke out between Israel and Gaza, concluding with an Egypt-brokered truce.

A new round of negotiations began in 2013, but was suspended by Israel in April 2014, following the announcement of a Palestinian Unity Government, which was a reconciliation between the Abbas-led Fatah movement and Hamas, which controlled Gaza.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (69)

In 2014, conflict was triggered again after Hamas abducted and murdered three Israeli teenagers, and, in retaliation, Israelis kidnapped and killed a Palestinian teenager. Hamas and other Palestinian groups launched rockets into southern Israel, which launched missile strikes and a ground invasion into Gaza. The 50-day conflict came to an end in August 2014. In June 2015, Palestine’s Unity Government was dissolved after Abbas said it was unable to operate in the Gaza Strip.

The current conflict has seen citizens’ protests worldwide and, more significantly, on numerous university campuses in the US, a supporter and ally of Israel for long.

Also read: India's defense sector: From increased spending to indigenisation

Pro-Palestinian students’ protests have surged at institutions such as the New York University, Columbia, UCLA, and the University of Virginia. Students are demanding that these institutions, many with massive endowments, financially divest from Israel. This means severing ties with Israeli companies or those that do business with Israel. There are also demands to end academic relationships with Israeli institutions. Around 2,000 demonstrators have been arrested. Universities in France, Germany, Canada, Australia, and Mexico are also witnessing protests, some in support of Palestine, others Israel.

The political solution to the conflict, supported by the international community and previously endorsed by both Israel and the Palestinian Authority, is the ‘two-state solution’. This entails establishing Palestine as an independent state in Gaza and most of the West Bank, with the rest of the land going to Israel. While the plan is clear in theory, significant divisions persist between the two sides regarding its implementation. Also, influential factions on both sides strongly oppose it. Alternatively, there is the ‘one-state solution’, under which the entire land is unified as either one large Israel, one large Palestine, or a shared state under a new name.

According to Harsh V Pant, professor of International Relations, King’s India Institute, King’s College London, since the Israel-Palestine conflict is “embedded in the wider ideological, religious and political dynamic of the region, it’s not very easy to resolve.” He believes the conflict is not just wreaking havoc among the two groups, but has significant implications in neighbouring countries, India, and the world at large. “India’s relationships with many stakeholders in Israel, Gulf States, and even Iran are significant. If the conflict escalates, it is likely to start impacting India’s economy in ways that will be detrimental to India’s growth story.”

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Fri, 31 May 2024 13:07:00 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235127_rafah_280x210_150x113.jpg<![CDATA[ Samidha Jain ]]><![CDATA[ Samidha Jain ]]>en-us
<![CDATA[ Bid to &#039;privatise&#039; Brazil beaches sparks outcry ]]><![CDATA[https://www.forbesindia.com/article/lifes/bid-to-privatise-brazil-beaches-sparks-outcry/93261/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (70)[CAPTION]Aerial view of people enjoying Recreio dos Bandeirantes beach amid a heat wave in Rio de Janeiro, Brazil. Image: Photography TERCIO TEIXEIRA / AFP[/CAPTION]

Aproposed constitutional amendment that could see Brazil's famed beaches fall into private hands has outraged environmentalists and citizens in a country that prides itself on open access to its vast shores.

Brazil has one of the world's longest coastlines, at around 7,500 kilometers (4,600 miles) and by law beaches are public assets and thus government property. They are largely pristine, without the eyesore high-rise condos and hotels common at seaside resorts in other countries.

However, a proposal to change the government ownership rule has been making its way through Congress, promoted by senator Flavio Bolsonaro, son of ex-president Jair Bolsonaro who often said while in office that he dreamed of creating the "Brazilian Cancun" -- a nod to Mexico's hub of mega resorts.

The idea is to transfer ownership of coastal land to states, municipalities and private occupants, which critics say could damage environmental protection efforts and block beach access.

A senate public hearing on Monday sparked outrage on social media.

"Let's pressure the senators to vote against this proposal," said Brazilian actress and environmental activist Laila Zaid in an Instagram video viewed almost one million times.

The furore comes as Brazil is tackling historic flooding in its south, which experts attribute to climate change.

Leticia Camargo, who coordinates a working group on marine conservation in Congress, told AFP the proposal could "lead to greater occupation of marine land right at a time when climate change will make storm surges and coastal erosion increasingly frequent."

She said the move could also open up "pressure for very large real estate interests."

The proposal has already been approved by the lower house, and Camargo said it would likely be approved by the Senate Constitution and Justice Committee, where the right-wing opposition has a majority.

It then heads to the full Senate for a vote.

Camargo says she is positive the pressure from the public could stall the amendment.

Local media reported senate president Rodrigo Pacheco will not immediately put the matter on the agenda for a vote.

Flavio Bolsonaro said on X it was "fake news" that the aim was to privatize beaches.

Daniel Capecchi, a constitutional law professor at the Federal University of Rio de Janeiro, said that if it went to a vote, there was a "considerable probability" the measure would be approved.

Also read: In Brazil, stargazers escape cities in search of 'astro-tourism'

However, he said if studies prove the change will have a severe environmental impact it could be challenged in court as a violation of the unalterable constitutional right to an ecologically balanced environment.

Camargo said the fierce public reaction shows "that if you mess with Brazilian culture in such a serious way, which is our access and our use of the beach, you touch a serious issue."

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Fri, 31 May 2024 12:21:47 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235122_brazilbeachsm_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ Photo of the day: World No Tobacco Day 2024 ]]><![CDATA[https://www.forbesindia.com/article/photo-of-the-day/photo-of-the-day-world-no-tobacco-day-2024/93260/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (71)Congress party workers burn packets of cigarettes during a demonstration on the eve of 'World No Tobacco Day' in Amritsar on May 30, 2024. Narinder Nanu / AFP

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Fri, 31 May 2024 12:17:10 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235119_notobaccoday_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ Air India: Arvind Jadhav took charge of Air India in 2009. But the airlines woes never ceased ]]><![CDATA[https://www.forbesindia.com/article/15th-anniversary-special/air-india-arvind-jadhav-took-charge-of-air-india-in-2009-but-the-airlines-woes-never-ceased/93259/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (72)[CAPTION]Much of Air India’s crisis was due to an ill-timed move by the government in 2007 to merge the national carrier—then flying internationally—with domestic carrier Indian AirlinesImage: Punit Paranjpe[/CAPTION]

He seemed to have a magic bullet. Or at least that’s what the then-Indian government thought shortly after he made a presentation to them.

Why else was there a desperate attempt by the government to appoint Arvind Jadhav as the head of National Aviation Company of India Limited, the company that owned Air India, at a time when the Election Commission’s Code of Conduct had kicked in, and the Manmohan Singh government’s first tenure was coming to a close.

_RSS_Jadhav, a sharpshooting bureaucrat from the Karnataka cadre, had already built up a reputation as a hard taskmaster and took charge as Air India’s chief on May 4, 2009. He quickly set in motion a plan to turn around the troubled fortunes of Air India in 36 months, which would see the airline rationalise routes, capacities and even rethink purchasing new aircraft. Air India’s low-cost arm, Air India Express, was also set to start domestic operations in a market that had gravitated towards low-cost airlines.

While the plan to offer low-cost operations in the domestic market materialised, and the airline began to see some turnaround within a year, Jadhav’s term was riddled with run-ins with the staff, leading to three major strikes, including a 10-day strike by the pilots seeking Jadhav’s ouster. By the time he was sacked in 2011, Air India’s debt grew to ₹43,000 crore, from ₹16,000 crore in 2009.

Of course, the blame for the crisis isn’t entirely Jadhav’s alone. Much of that is largely due to an ill-timed move by the government in 2007 when it merged Air India—then flying internationally—with domestic carrier Indian Airlines, creating a bigger entity, the National Aviation Company of India Ltd. Both Air India and Indian Airlines were making losses at that time, bleeding ₹541 crore and ₹240 crore, respectively, in 2007.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (73)

The merged company had more than 30,000 employees—256 per plane—in 2007, twice the global norm. That meant the company was spending almost one-fifth of its revenue on employee pay and benefits while other airlines traditionally spend only about one-tenth. Besides, the 2008 global economic collapse threw operational expenses out of gear as oil prices skyrocketed. As more private airlines took to flying on routes that once belonged to Air India, business plummeted. That meant, over time, the airline racked up debt, which stood at ₹60,000 crore by August 2021 and was steadily losing money on operations. In effect, it had become a white elephant.

Also read: 'N Chandrasekaran has tied Tata's future to the future of India'

Since coming to power in 2014, the Narendra Modi government has made multiple attempts to sell the airline to private companies, before managing to complete the process in October 2021. The Tata group, which had ceded control half a century ago, was quick to throw in its towel, and its wholly-owned subsidiary Talace Pvt Ltd put an enterprise value (EV) bid at ₹18,000 crore with debt to be retained at ₹15,300 crore and a cash component of ₹2,700 crore. Tata’s bid was higher than the Ajay Singh-led consortia’s EV bid at ₹15,100 crore. The Tatas took 100 percent control of Air India, the low-cost carrier AI Express, and Air India’s 50 percent stake in ground handling firm AI-SATS.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (74)

A plan to transform was brought in quickly, with the Tatas appointing Singapore Airlines veteran Campbell Wilson, who referred to the turnaround as a Test match in an era of T20 matches. The airline has a five-year plan titled Vihaan.ai, which translates to the dawn of a new era in Sanskrit. The airline has set itself clear milestones focussed on growing its network and fleet, developing a revamped customer proposition, improving reliability and on-time performance, and taking a leadership position in technology, sustainability and innovation, while aggressively hiring industry talent. It is close to cornering 30 percent of the domestic market, a target it had set to complete by 2026.

Now, since the acquisition, the Tata group is busy merging another group-owned airline, Vistara with Air India, while AirAsia India, which it owned, has been merged with Air India Express to create two airlines, a low-cost and a full-service one. It has also placed orders for 470 aircraft, which is expected to help the airline fly back into its once-lost glory.

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Fri, 31 May 2024 12:07:04 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235116_airindia_280x210_150x113.jpg<![CDATA[ Manu Balachandran ]]><![CDATA[ Manu Balachandran ]]>en-us
<![CDATA[ Why being cranky at work isn&#039;t the end of the world ]]><![CDATA[https://www.forbesindia.com/article/lifes/why-being-cranky-at-work-isnt-the-end-of-the-world/93262/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (75)[CAPTION]Employees who lose their cool in the office tend to quickly feel guilty about their behavior. Image: Shutterstock[/CAPTION]

It's not always easy to stay upbeat at work, as the worries of everyday life can soon take their toll on your mood. A bad night's sleep or an exhausting commute can quickly cause us to lose our cool, much to the annoyance of our colleagues. But while inconsiderate outbursts are regrettable, in the long term, they could encourage us to be kinder in the office.

_RSS_So suggests research published in the Journal of Business Ethics. Its authors examined the repercussions of rudeness in the workplace. While managerial literature has repeatedly shown that rudeness spreads quickly in a workplace, few studies have looked at how this lack of courtesy affects the people who fall victim to it, and those who perpetuate it.

Researchers in the US asked employees to recall times when they had been rude to a coworker.

They found that workers who lose their temper in the office tend to quickly feel guilty. They often talk to their partner back home about their bad behavior. This is not surprising in itself: it's not uncommon for couples to talk about their respective working days over a drink or their evening meal.

But what is more surprising is that these conversations influence their behavior. In fact, employees who have been rude in the office the day before tend to be particularly pleasant the day after.

"Because you feel guilty, the next day at work, you work harder, and you’re more careful not to be rude again. It’s self-correcting over time. Which might explain why some people are rude some days and not rude other days," explains study coauthor, Klodiana Lanaj, quoted in a news release.

This shows that employees are much more concerned about their professional reputation than you might think. They don't want their shortcomings to affect how they are perceived, or for their colleagues -- and especially their superiors -- to see them as "the office grump." "When you’re being uncivil, it comes back to hurt you as well. Guilt is this complex phenomenon. It’s burdensome, but it can also help us recover by reducing incivility and engaging more at work," says study coauthor, Daniel Kim.

Also read: The lunch break may play a greater role in productivity than you think

So being rude at work might not always be so bad. But it's worth remembering that we should try, as much as possible, to show courtesy and respect in the professional sphere. It's much nicer to have a friendly relationship with your colleagues than to fear that one of them will let their frustration boil over in the office. People are happier working in a light-hearted atmosphere, where good manners are valued, than in a tense environment.

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Fri, 31 May 2024 11:54:36 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235120_productivitysm_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ Top 20 countries with largest gold reserves [Q1 2024] ]]><![CDATA[https://www.forbesindia.com/article/explainers/gold-reserves-by-country/90127/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (76)

Why do countries keep gold reserves? Because gold reserves are critical for the economic stability of a country, acting as a reliable store of value, particularly during financial uncertainties. The gold standard was a global practice in the late 1800s and a significant part of the 1900s. In this era, countries backed the value of their paper money with gold by establishing a fixed exchange rate between their currency and a specific amount of gold. Essentially, each unit of currency issued had a corresponding value in gold, and individuals could exchange their paper money for actual gold at this set rate.

_RSS_Although officially abandoned in the 1970s, many countries maintain gold reserves; the demand for gold reserves is rising due to growing economic uncertainty. Central banks are once again favouring gold as the preferred safe-haven asset. Gold reserves continue to play a crucial role in shaping a country's creditworthiness and overall economic standing, even as the contemporary economic landscape evolves.

In this post, we look at a ranking of gold reserves by country to find the top 20 countries with the most gold reserves.

Countries with the most gold reserves

As estimated by the World Gold Council, here are the current rankings of gold reserves by country in Q1, 2024.

Also Read: Gold rate history in India: 2000 to 2024

Rank & Country Gold Reserve (in tonnes)
Gold Reserve (in $ millions) & Holdings in %
#1 United States of America 8,133.46
579,050.15 (71.33%)
#2 Germany 3,352.65
238,662.64 (70.56%)
#3 Italy 2,451.84
174,555.00 (67.55%)
#4 France 2,436.88
173,492.11 (68.61%)
#5 Russian Federation 2,332.74
166,076.25 (28.14%)
#6 China 2,262.45
161,071.82 (4.64%)
#7 Switzerland 1,040.00
69,495.46 (8.04%)
#8 Japan 845.97
60,227.84 (4.67%)
#9 India 822.09
58,527.34 (8.98%)
#10 Netherlands 612.45
43,602.77 (60.47%)
#11 Turkey 570.30
40,601.81 (100.00%)
#12 Taiwan (POC) 423.63
28,224.67 (4.71%)
#13 Portugal 382.63
27,240.93 73.27%)
#14 Poland 359.89
25,621.75(12.65%
#15 Uzbekistan 357.69
25,465.03 (74.28%)
#16 Saudi Arabia
323.07
21,588.22 (4.71)
#17 Kazakhstan 310.62
22,114.18 (58.36%)
#18 United Kingdom 310.29
22,090.45 (12.57%)
#19 Lebanon 286.83
17,249.75 (54.45%)
#20 Spain 281.58
20,046.51 (19.28%)

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (77)

Why do countries have a gold reserve?

Countries maintain gold reserves for several reasons.

Firstly, gold is considered a stable and reliable store of value. By holding gold, countries can instil confidence in their economic stability, especially during financial uncertainty.

Additionally, gold has historically played a role in supporting the value of a country's currency. While the gold standard is no longer widely used, some countries still view gold reserves as a means to maintain currency stability.

Diversification is another key reason. Gold is a tangible asset; by holding it in their reserves, countries can diversify their overall portfolio. This diversification helps mitigate the risks associated with fluctuations in the value of other assets.

The appeal of gold is heightened by its inverse correlation with the US dollar. When the value of the dollar declines, gold tends to increase in value. This dynamic allows central banks to safeguard their reserves during periods of market volatility.

Gold reserves also have a role in international trade and finance. Some countries use gold to settle trade imbalances or as collateral for loans. The presence of gold reserves can enhance a country's creditworthiness and influence its standing in the global economic system.

Moreover, gold serves as a hedge during crises. Its value often rises during economic downturns or geopolitical uncertainties, safeguarding against inflation and currency devaluation.

Frequently Asked Questions (FAQs)

1. What are the countries with the most gold reserves?

The top 3 countries with the most gold reserves include the United States, Germany and Italy. The United States has the most gold reserves and has nearly as many reserves as the combined total of the next three countries with the largest gold holdings: Germany, Italy, and France.

2. What is India's ranking in gold reserves?

India holds a significant position in global gold reserves, ranking 9th in the list of countries with the most gold reserves. With a rich cultural affinity for gold and a history of gold being a traditional store of value, India's gold reserves contribute to its economic stability and play a key role in the country's financial landscape.

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Fri, 31 May 2024 10:45:06 +0530 GMThttps://www.forbesindia.com//media/images/2023/Dec/img_223933_goldreservesbycountry_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ T20 World Cup 2024: Ten players to watch out for ]]><![CDATA[https://www.forbesindia.com/article/lifes/t20-world-cup-2024-ten-players-to-watch-out-for/93258/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (78)[CAPTION]Jasprit BumrahImage: Photo by Alex Davidson-ICC/ICC via Getty Images[/CAPTION]

Cricket fans are set to be taken for yet another round of world cricket as the ICC T20 World Cup 2024 gets underway on June 2 in the US for the very first time. The showpiece event will see 20 teams fighting for the world title with the USA and West Indies to host the matches. It will be the ninth edition of the T20 World Cup—the format that has reinvented how the game of cricket is played.

_RSS_The 20 teams have been distributed into four groups and after the first round, the top two teams from each group will proceed to the super eights, followed by semis and the final. Each team has come to the event with their best possible line-ups and the tournament is expected to be a blockbuster. Like in every edition, a few standout players are likely to bring life to the tournament and give fans an unforgettable experience. Here are Forbes India’s top ten players to watch out for in the ICC T20 World Cup 2024.

1. Jasprit Bumrah (India)

T20 cricket is mostly about batters—the sixes and fours—but there’s a famous saying that goes, “Batters win you games but bowlers win you tournaments”, and Jasprit Bumrah is the kind of bowler who has every ingredient in his bowling to win his team the trophy. However, despite his skillset and consistent performances in the world events, Bumrah is yet to see his team win an ICC trophy. This makes the ICC T20 World Cup 2024 much more important for him as he would be eager to finally touch the much-prized gold of the World Cup trophy. He has been in phenomenal shape lately with his performances in the just-concluded Indian Premier League (IPL) where he picked up 20 wickets in 13 matches. It won’t be a surprise if he ends the World Cup as one of the top performers.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (79)[CAPTION]Rashid KhanImage: Photo by Francois Nel/Getty Images[/CAPTION]

2. Rashid Khan (Afghanistan)

There is rarely an event that Rashid Khan takes part in and doesn’t leave a mark. He has emerged as one of the best, if not the best, T20 bowlers in the world over the years. He takes part in almost every T20 league across the globe and spins his magic like no one else. This year he has been handed the captaincy of Afghanistan and with added responsibility, he could become much more dangerous. Although he has had some struggles in the recent past after coming back from an injury, he seems to be getting his groove back. He didn’t put the IPL on fire this season but still had a decent season. Khan not only brings his magical leg-spin to the table but can be more than handy with the bat as well. Afghanistan will also need his leadership skills to come to the fore for them to have a good outing in the ICC T20 World Cup 2024.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (80)[CAPTION]Travis HeadImage: Photo by Pankaj Nangia/Getty Images[/CAPTION]

3. Travis Head (Australia)

When we talk about world events, how can Travis Head not be a part of the conversation? In his short career so far, he has already won Australia some of their biggest games in the recent past, including the finals of ICC World Cup 2023. The left-handed batter is only getting better with time. In the just-concluded IPL 2024, Head was breathing fire as he scored 567 runs in 15 matches at a staggering strike rate of 191.55 (best in the tournament for batters with 500+ runs). He, alongside young Abhishek Sharma, took T20 batting to the next level by almost hitting every other ball out of the park. Head would try to continue his blitz in the T20 World Cup 2024 and is undoubtedly one of the top batters to look forward to in the tournament.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (81)[CAPTION]Jofra ArcherImage: Shaun Botterill/Getty Images[/CAPTION]

4. Jofra Archer (England)

After earning the title of one of the scariest bowlers in the world, Jofra Archer suddenly drifted off the scene due to injuries. However, the England cricketer is finally back in action and would look to make an instant impression in the T20 World Cup 2024. Archer is known for his speed—frequently bowling in high 140s—that too with amazing accuracy. He returned to international cricket a few days back in the T20I series against Pakistan and seemed to be doing fine. The pacer picked up two wickets and was also handy with the bat down the order. England, the defending champions, are coming to the World Cup with a thin bowling line-up, which makes Archer’s role much more important to their cause.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (82)[CAPTION]Rachin RavindraImage: Hagen Hopkins/Getty Images[/CAPTION]

5. Rachin Ravindra (New Zealand)

Young Rachin Ravindra was one of the revelations of the ICC ODI World Cup 2023. But many thought he didn’t have the T20 prowess in him. However, with his blitz in IPL 2024, Ravindra showed another side to his scintillating batting. He showed he could go berserk from ball one and provide his team with a good and quick start at the top. He bowls useful left-arm spin as well, making him a more prized player for the Kiwis. In the ICC T20 World Cup 2024, players like Ravindra will be in high demand since pitches are expected to be on the slower side. The 24-year-old has a great ability to play both through the ground and go the aerial route. New Zealand have come close to lifting the World Cup trophy in the last few editions and they would fancy their chances once again in the USA and West Indies.

Also read: IPL 2024: Once forgotten, Shivam Dube is now a frontrunner for India's World Cup squad

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (83)[CAPTION]Fakhar ZamanImage: Gareth Copley/Getty Images[/CAPTION]

6. Fakhar Zaman (Pakistan)

Fakhar Zaman is known for his T20 heroics and has been around for a long time. He steps up for Pakistan in almost every major event. He is once again going to be the key to the men-in-green’s success in the global event. Zaman has historically opened the innings but in the last few years, he has been given the responsibility in the middle-order and more often than not he doesn’t disappoint. The left-handed batter is capable of playing those mighty quick knocks and getting his team out of tough situations. His role becomes much more important in the current Pakistan squad since no other batter strikes as well as he does. The experienced campaigner is in good touch and he is displaying it quite well in the ongoing T20I series against England.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (84)[CAPTION]Tristan StubbsImage: Cameron Spencer/Getty Images[/CAPTION]

7. Tristan Stubbs (South Africa)

With some of the top T20 talents named in the squad, South Africa looks like one of the strongest teams on paper. Tristan Stubbs, the explosive batter, is one such young talent who could put the ICC T20 World Cup 2024 on fire. He was in tremendous form in the IPL 2024 for Delhi Capitals. The right-handed batter scored 378 runs in 13 innings at an average of 54 and a strike rate of 190.90. The most interesting thing about his batting is the intent. He doesn’t hold back from taking the risk, irrespective of the conditions and opposition. His wide range of strokes from all sides of the ground makes his job a little easier. South Africa has experienced the duo of Aiden Markram and Heinrich Klaasen at the top and middle, so Stubbs will need to do the tough job of finishing the innings.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (85)[CAPTION]Matheesha PathiranaImage: Farooq Naeem / AFP[/CAPTION]

8. Matheesha Pathirana (Sri Lanka)

Matheesha Pathirana will be one of the most unique bowlers taking part in the ICC T20 World Cup 2024. His ‘slingy’ bowling action is one of a kind and often bamboozles even the top batters. On top of it, Pathirana is extremely quick—he frequently bowls at 145 kmph—and has good variations under his belt. He was at his very best for Chennai Super Kings in the IPL 2024, although he was returning from an injury and had to miss some matches due to international duty as well. Despite that, he picked up 13 wickets in 6 matches and bowled some rippers in his short stay. The young speed gun will have to bring on his A game to ensure Sri Lanka stands a chance to make a case for themselves in the World Cup.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (86)[CAPTION]Andre RussellImage: Sarah Reed/Getty Images[/CAPTION]

9. Andre Russell (West Indies)

The Windies all-rounder is one of the most dangerous T20 players in the world. When he gets going with the bat, it is almost impossible to stop him. He will be playing at his home and knowing the conditions well, he could unleash himself and make things tough for all the opposite teams. He had an impressive IPL 2024, contributing with both bat and ball in Kolkata Knight Riders’ successful campaign. The flamboyant cricketer scalped 19 wickets in 14 innings and scored 222 runs in 9 innings with the bat. Russell, when fit, is a weapon in all three departments. West Indies has had a terrible time in international cricket in the last few years but this World Cup at home could enforce their revival and to do that, they will need Andre Russell to step up.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (87)[CAPTION]Corey AndersonImage: Daniel Pockett - CA/Cricket Australia via Getty Images[/CAPTION]

10. Corey Anderson (United States of America)

Remember Corey Anderson, the left-handed destructive batter who bowled decent pace as well for New Zealand? He is now the main man for the United States of America’s international cricket team, bringing years of experience to the table. Anderson not only contributes to both batting and bowling for the USA but also helps the players learn the different nuances of playing at the highest level. He has been in decent touch, especially with the bat, in recent times, and will try to continue helping his team in the ICC T20 World Cup 2024. USA recently stunned Bangladesh to win the three-match T20 series by 2-1 and Anderson played a decent part in it. He will play a crucial role for them in their first big event.
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Fri, 31 May 2024 10:34:31 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235099_bowlerjaspritbumrah_280x210_150x113.jpg<![CDATA[ Mohsin Kamal ]]><![CDATA[ Mohsin Kamal ]]>en-us
<![CDATA[ Top 10 banks in India by market cap in 2024 ]]><![CDATA[https://www.forbesindia.com/article/explainers/top-10-banks-india-by-market-cap/87913/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (88)

How important is the banking sector for a country? Undoubtedly, it is the backbone of an economy, as it aids in the economy's growth, trade, and investments, ensures financial access for all, and provides loans to individuals and businesses. With a tech-savvy population and a booming economy, India's banking sector has significantly evolved over the past decade. In 2024, the top banks in India, in terms of market capitalisation, are also among the top in the same terms globally. For example, HDFC Bank is among the top 10 banks in the world in 2024 by market cap.

In this article, we will delve into the top 10 banks of India, comprehensively analysing their operations, financial performance, and overall impact.

Top Indian banks in 2024 based on market cap

Here's a table showcasing the top 10 banks in India, ranked by their market caps (as of May 31, 2024).

Rank & Bank Name Type Market Cap (Rs Lakh Crore)
#1 HDFC Bank Private 11.57
#2 ICICI Bank Private 7.84
#3 SBI Public 7.35
#4 Kotak Mahindra Private 3.32
#5 Axis Bank Private 3.59
#6 Punjab National BankPublic 1.39
#7 Bank of Baroda Public 1.35
#8 Indian Overseas Bank
Public 1.25
#9 IndusInd Bank Private 1.13
#10 Union Bank of India
Public 1.14

Here’s a deep dive into the top banks in India, examining their foundation:

Also Read: Top 10 index funds in India by AUM

HDFC Bank

  • Founded on: August 30, 1994
  • CEO: Sashidhar Jagdishan

_RSS_HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms. As one of the leading private banks in India, it holds a prominent position in the financial industry. Renowned for its robust performance and innovative solutions, HDFC Bank is a key player in retail, corporate, and institutional banking.

On July 1, 2023, HDFC Bank merged with HDFC Ltd., its sister housing finance company. The merger took place to provide better and more comprehensive financial services to the users.

Sashidhar Jagdishan, the managing director and chief executive at HDFC Bank, has recently been named the highest-paid bank CEO in India.

Also Read: Top 10 FMCG companies in India by market cap

ICICI Bank

  • Founded on: January 5, 1994
  • CEO: Sandeep Bakhshi

ICICI Bank offers a wide range of financial services. It serves millions of customers in India and abroad, known for its customer-friendly approach, competitive rates, and advanced technology.

In its recent ESG Report, ICICI Bank has notably declared its green financing portfolio constituted 21.4 percent of the total amount they lent out in 2023, amounting to about $119 billion.

Also Read: Commercial banks in India: Types and functions

State Bank of India (SBI)

  • Founded on: July 1, 1955
  • Chairman: Dinesh Kumar Khara

With its headquarters in Mumbai, SBI is India's largest public sector bank. It has 22,405 branches in India, holds a 23 percent market share, and has a strong presence abroad, with more than 233 foreign branches in 36 countries.

In the April-June quarter of the fiscal year 2023-24, SBI overtook Reliance Industries as India's most profitable company.

Kotak Mahindra Bank

  • Founded on: November 21, 1985
  • CEO: Ashok Vaswani

Kotak Mahindra Bank provides a variety of services to various customers, including corporates, retailers, and SMEs.

Uday Kotak, who had been the MD and CEO of Kotak Mahindra Bank Ltd. for 21 years, has stepped down. His successor is yet to be determined, and the RBI has reportedly rallied for an outsider to succeed him.

Axis Bank

  • Founded on: December 3, 1993
  • CEO: Amitabh Chaudhry

Axis Bank is among India's largest private-sector banks. It specialises in financial services for large and mid-sized corporates, SMEs, and retail businesses. Axis Bank prioritises digital banking, ensuring a seamless and user-friendly experience and caters to diverse retail, corporate, and institutional needs.

Amitabh Chaudhry, the CEO of Axis Bank, is the second highest-paid Indian bank CEO. The bank partnered with the digital banking enterprise OPEN this year to bring about a native digital current account journey for its user base.

Punjab National Bank of India (PNB)

  • Founded on: May 19, 1893
  • CEO: Atul Kumar Goel

Punjab National Bank provides a wide range of banking services, such as retail, corporate, and international banking. The bank's commitment to financial inclusion is evident through its strong presence in rural and semi-urban areas. It has a vast customer base exceeding 180 million.

Freedom fighter Lala Lajpat Rai was one of the founding members of the bank and was closely associated with the management of the bank in its early years.

Bank of Baroda (BoB)

  • Founded on: July 20, 1908
  • CEO: Debadatta Chand

Headquartered in Vadodara, Gujarat, Bank of Baroda witnessed the first-ever three-way merger with Dena Bank and Vijaya Bank. As a nationalised bank, Bank of Baroda is renowned for its extensive branch network and diverse banking services, covering retail and corporate banking and treasury operations.

According to recent filings, the Bank of Baroda recorded a net profit of ₹4,070.1 crore for the April to June quarter in FY 2023-24, 88.7 percent higher than its performance in the same quarter in the last FY.

Indian Overseas Bank

  • Founded on: 10 February 1937,
  • CEO:Ajay Kumar Srivastava

Started in 1937, the Indian Overseas Bank was initially focused on foreign exchange business. Today, it offers financial services such as deposit accounts, loans, and investments. Apart from its significant presence in the countries, Indian Overseas Bank has branches in Singapore, Hong Kong, Thailand, South Korea, and Sri Lanka.

IndusInd Bank

  • Founded on: April 17, 1994
  • CEO: Sumant Kathpalia

IndusInd Bank is a prominent private bank in India. With branches concentrated in major Indian metro cities and representative branches in Dubai, Abu Dhabi, and London, the bank offers diverse financial services. It prioritises personalised solutions and superior customer service for retail, corporate, and institutional clients.

Shiv Kumar Bhasin, formerly EVP and Group Chief Technology and Operations Officer at the NSE, has joined IndusInd Bank as the Chief Transformation Officer recently.

Union Bank of India (UBI)

  • Founded on: November 11, 1919
  • CEO: A. Manimekhalai
Mahatma Gandhi inaugurated the Union Bank of India's office when it was established in 1919. The bank was nationalised in 1969 with 14 other banks to utilise their funds and resources for the development of the country. UBI had four branches when India became independent. Today, it has a network of more than 8700 branches across India, thanks to the merger with Corporation Bank and Andhra Bank in April 2020.

IDBI Bank

  • Founded on: July 1, 1964
  • CEO: Rakesh Sharma

IDBI (Industrial Development Bank of India) started as a development financial institution to provide financial services to the industrial sector when it was established by the government of India in 1964. In 2005, the institution was merged with the commercial division to make the present-day IDBI Bank. SIDBI, EXIM, National Stock Exchange of India, SEBI, and National Securities Depository Limited have their roots in IDBI. The government of India now holds a 45.48 percent stake in the bank, and the controlling share of 49.24 percent is held by Life Insurance Corporation (LIC) after the institute was asked to infuse capital and manage the bank to meet the regulatory norms in 2019.

FAQs

1. Which bank has the highest market cap in the world?

US’s JP Morgan Chase has the highest market cap among all banks in the world at $432.31 billion.

2. Which is India’s first private bank?

IndusInd Bank, established in April 1994 in Mumbai, holds the title of India's first private bank.

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Fri, 31 May 2024 09:35:42 +0530 GMThttps://www.forbesindia.com//media/images/2023/Aug/img_217259_top10banksinindiabymarketcapitalisation_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ Top 10 most viewed YouTube live streams in the world ]]><![CDATA[https://www.forbesindia.com/article/explainers/top-10-most-viewed-youtube-live-streams-world/87775/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (89)

YouTube live streams were introduced back in April 2011, and since then they have been a handy tool for various channels and their dedicated fans and viewers to partake the excitement of an event taking place live. From space research institutes to football clubs to celebrity musicians, YouTube live streams are utilised to broadcast an exclusive live experience worldwide.

_RSS_For example, ISRO, the Indian Space Research Organisation, live streamed the soft landing of Chandrayaan-3 on the South Polar lunar surface on August 23, 2023. The live broadcast became the most watched out of all YouTube live streams till date. It commanded over 80 lakh or 8 million peak concurrent viewers (PCVs).

The second most viewed live stream in the world is the 2022 Football World Cup Quarter Final match between Brazil and Croatia. The top two live streams are indicative of the two sectors that viewers are fanatic about throughout the world- space and sports. However, which other videos come out on top to make the top 10 most viewed live streams on YouTube?

Also Read: Top 10 most followed accounts on Twitter / X in the world

Top 10 Most Viewed Live Stream in the World

With the Chandrayaan-3 softlanding video commanding the highest till date, here’s a list of the other top most viewed live streams in the world, sourced from data collected by Playboard. ISRO’s live stream figures are not yet updated on Playboard, at the time of writing.

Rank & YouTube Stream Peak Real-time Views Streamed on
#1 ISRO – Chandrayaan 3 Mission Soft Landing 8.09 million August 23, 2023
#2 CazéTV – World Cup 2022 QF Brazil vs Croatia 6.14 million December 9, 2022
#3 CazéTV – Brazil vs. South Korea 2022 World Cup 5.20 million December 6, 2022
#4 CazéTV – Vasco vs Flamengo 4.79 million March 19, 2023
#5 SpaceX- Crew Demo-2 4.08 million May 28, 2020
#6 Hybe Labels: Butter from BTS 3.74 million May 21, 2022
#7 Apple Event 3.69 million September 7, 2022
#8 CazéTV - CORINTHIANS X SÃO PAULO
3.61 million January 1, 2024
#9 Law and Crime Network: Depp vs. Heard Trial 3.54 million June 1, 2022
#10 Fluminese Football Club: Rio Cup Finals 3.52 million July 9, 2020

Time to dig a little deeper into the most viewed live stream in the world, along with the nine other most viewed YouTube live streams!

Also Read: Most-liked and disliked Youtube videos in the world

Chandrayaan-3 Mission Soft-landing LIVE Telecast

  • Channel Name: ISRO
  • Country: India
  • Channel Type: Space Research and Exploration

Chandrayaan-3, the third lunar mission ever by India, had grabbed the attention of over 8.06 million viewers from all over the world, and millions more in India. The smooth landing of the spacecraft was indeed a sight to behold and live streamers were not disappointed. Notably, with Chandrayaan 3, India has become the first country ever to reach the south pole of the moon–this historic feat is a first for all of humanity.

Also Read: Top 20 most-liked posts on Instagram

World Cup 2022 Quarter Final: Brazil vs. Croatia

  • Channel Name: CazéTV
  • Country: Brazil
  • Channel Type: Sports and Fitness

The FIFA World Cup 2022 was a grand celebration of football, with fans worldwide turning to their screens to watch every single moment of the matches with rapt attention. Hosted in Qatar, the quarter final stage for the World Cup kicked off on December 9, 2022, with Brazil playing Croatia in the first match. Notably, Croatia defeated Brazil, the darlings of millions of football fans around the world, likely making this one of the most watched live streams of all time.

World Cup 2022: Brazil vs. South Korea

  • Channel Name: CazéTV
  • Country: Brazil
  • Channel Type: Sports and Fitness

This YouTube live stream was again from the FIFA World Cup 2022 hosted in Qatar. While the second most viewed live stream in the world saw Brazil in the quarter finals, this match preceded that one. Brazil played South Korea for a spot in the quarter finals, and the former bested the latter to go on to the next level.

Also Read: Top 10 most-viewed videos on YouTube in 2024

Vasco da Gama vs Flamengo

  • Channel Name: CazéTV
  • Country: Brazil
  • Channel Type: Sports and Fitness

Football seems to be the live streaming audience’s hot favourite. On number 4, is yet another football match. This one being Rio de Janeiro-based sport club Flamengo beating its rival Vasco da Gama in this particular match from March 2023.

Also Read: Top 10 most visited websites in the world

Crew Demo-2

  • Channel Name: SpaceX
  • Country: The United States of America
  • Channel Type: Space Research and Exploration

Space is also extremely popular. The Crew Dragon Demo-2 or Crew Demo-2 was the first ever crewed test flight of the spacecraft called Crew Dragon from Elon Musk’s SpaceX. Endeavour, the spacecraft, was launched on May 30, 2020.

Butter by BTS, Official MV

  • Channel Name: Hybe Labels
  • Country: South Korea
  • Channel Type: Entertainment

BTS or the Bangtan Boys is a widely renowned South Korean boy band that was created in 2010. The band is known for popularising K-Pop music in the rest of the world, and Butter in particular is one of their better known songs that went on to draw millions into BTS’s magnetic fandom.

Apple Event

  • Channel Name: Apple
  • Country: The United States of America
  • Channel Type: Technology

Apple Events are one of those days around which a tech enthusiast’s calendar and year is planned. They draw millions of viewers as the iPhone maker reveals new products at these events. This event in particular introduced the Apple Watch Series 8, Apple Watch SE, Apple Watch Ultra, AirPods Pro, iPhone 14, and iPhone 14 Pro.

Corinthians x São Paulo

  • Channel Name: CazéTV
  • Country: Brazil
  • Channel Type: Sports and Fitness

Depp vs. Heard Trial

  • Channel Name: Law & Crime Network
  • Country: The United States of America
  • Channel Type: News

The John C. Depp vs. Amber Laura Heard trial was held in Fairfax County, Virginia, between April 11 and June 1, 2022. The trial hinged on allegations of defamation, and this live stream in particular was of the final verdict. The entire trial was live streamed. Depp won the case.

Flamengo vs. Fluminese: Rio Cup Final

  • Channel Name: Fluminese Football Club
  • Country: Brazil
  • Channel Type: Sports and Fitness

Football for the win again! The ninth of the top 10 most viewed live stream in the world is the Rio Cup Final from 2020, with two of Brazil’s most renowned football clubs fighting for the trophy. Fluminese Football Club beat Flamengo in this one.

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Fri, 31 May 2024 09:30:06 +0530 GMThttps://www.forbesindia.com//media/images/2023/Aug/img_216841_top10livestreamsyoutube_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ Top 10 countries with most powerful military strength [2024] ]]><![CDATA[https://www.forbesindia.com/article/explainers/top-10-countries-with-most-powerful-military-strength/89891/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (90)

If you look closer at military strength rankings, the top 10 powerful countries boast fairly impressive military capabilities, setting them apart. These nations have a strong military heritage and are continuously enhancing their military might, positioning themselves as strong contenders for the title of the most powerful army in the world.

_RSS_Global Firepower’s Military Strength Rankings 2024 evaluates 145 countries, considering over 60 individual factors like troop numbers, military equipment, financial stability, geographic location, and available resources. These elements contribute to a PowerIndex score, with lower scores indicating stronger military capabilities.

In this article, we will look at the world's top 10 most powerful militaries for 2024.

Top 10 powerful countries in 2024

The top 10 powerful countries in the world by military strength rankings, according to GFP, are:

Rank & Nation Power Index Total Military Personnel (est)
#1 United States 0.0699 2,127,500
#2 Russia 0.0702 3,570,000
#3 China 0.0706 3,170,000
#4 India 0.1023 5,137,550
#5 South Korea 0.1416 3,820,000
#6 United Kingdom 0.1443 1,108,860
#7 Japan 0.1601 328,150
#8 Turkiye 0.1697 883,900
#9 Pakistan 0.1711 1,704,000
#10 Italy 0.1863 289,000

Also Read: Top 10 most peaceful countries in the world

It’s time to take a more detailed look at the top 10 military powers in the world and find out why they are so high in the military strength rankings. And how much they spend on military expenses according to the World Bank:

United States

  • Capital: Washington, D.C.
  • Military spending: $831 billion

The United States stands first among the top 10 militaries in the world. This dominant position is attributed to the country's commanding presence in crucial material, financial, and resource categories. The United States also leads globally in technological advancements, excelling in the medical, aerospace, and computer/telecom sectors. The nation possesses 13,300 aircraft, with 983 being attack helicopters.

Key exports encompass computers, electrical machinery, vehicles, chemicals, food, live animals, and military gear. The nation often assumes leadership roles in international bodies and is pivotal in establishing entities like the United Nations, NATO (North Atlantic Treaty Organisation), and the World Bank.

Also Read: Top 10 smallest countries in the world

Russia

  • Capital: Moscow
  • Military spending: $109.0 billion

With a history spanning a millennium, Russia came into being after the Soviet Union's collapse in 1991, maintaining nearly 900,000-strong active military forces. Russia has advanced technology, a significant and well-trained military force, and strategic global influence. However, the ongoing Russo-Ukrainian War has highlighted shortcomings regarding leadership, preparedness, and supply chain management within the Russian military. Nevertheless, Russia continues to hold its second-place position among the top 10 armies in the world.

China

  • Capital: Beijing
  • Military spending: $227 billion

China, home to one of the world's most ancient civilisations, has been under communist rule since its founding as the People's Republic of China in 1949. It boasts the world's second-largest economy, next only to the United States.

Ranking third among the most powerful militaries in the world, China enjoys a significant economic advantage with significant manpower. China has been channelling substantial efforts into bolstering its naval, airpower, and land warfare capabilities, primarily through domestic sources. China has 3,166 aircraft and 4,950 tanks among its substantial resources.

India

  • Capital: New Delhi
  • Military spending: $74.0 billion

In South Asia, India occupies a peninsula between the Bay of Bengal and the Arabian Sea. Throughout history, India encountered incursions from various invaders, including Turks, Arabs, Persians, and the British. The country became a republic in 1950 after gaining independence from British rule in 1947.

India’s large population, growing focus on digitisation and modernisation, and an efficient domestic military-industrial complex make it one of the top 5 strongest armies in the world. India possesses a total of 2,210 aircraft, 4,614 tanks, and 295 assets in terms of naval forces.

South Korea

  • Capital: Seoul
  • Military spending: $44.7 billion

South Korea, officially the Republic of Korea, is an East Asian nation in the southern region of the Korean peninsula. The capital, Seoul, was strategically positioned at the heart of the peninsula during the Joseon dynasty due to its auspicious feng shui, emphasising harmony and well-being through object placement.

South Korea possesses the strength of its aircraft fleet, armoured fighting vehicles, and helicopter assets. With over 133,000 vehicles and 739 helicopters, including a formidable fleet of 112 attack helicopters, South Korea's military prowess is a testament to its ongoing commitment to security, fueled by decades-old tensions with North Korea.

United Kingdom

  • Capital: London
  • Military spending: $62.8 billion

The United Kingdom is situated in the northwestern part of Europe, encompassing the island of Great Britain, which includes England. Its capital, London, holds a prominent global status as a significant financial hub, catering to Scotland, Wales, and Northern Ireland. London is also renowned as one of the world's most visited cities.

The United Kingdom stands tall among the top 10 militaries in the world with its manpower, airpower, logistical efficiency, and financial resources. The UK's strong aerial tanker aircraft fleet and available ports are significant advantages.

Japan

  • Capital: Tokyo
  • Military spending: $53 billion

Japan is one of the globe's most literate and technologically advanced nations, an impressive feat even as much of its terrain is dominated by mountains and dense forests. Its citizens embrace an urban lifestyle influenced by neighbouring cultures, harmonising ancient traditions with Western elements and showcasing a unique cultural blend.

Japan excels with major ports among the top 10 powerful countries, showcasing its strategic maritime advantage. With four helicopter carriers, Japan secures the second spot in this category, just behind the United States. This fleet is equipped with advanced onboard technology for specialised roles on the battlefield. Japan maintains a capable and well-rounded military force with 50,000 Air Force personnel, 150,000 Army personnel, and 51,000 Navy personnel.

Turkiye

  • Capital: Ankara
  • Military spending: $40.0 billion

The geographical location of Turkey, the gateway between Europe and Asia, makes it one of the most strategically powerful countries in the world. Turkey has been a member of NATO since 1952, and with a strength of 3,55,000 active armed personnel, it has the second-largest military in the alliance.

Although historically, the United States and NATO member countries have been top arms exporters to Turkey, it has started expanding its imports, making Russia its significant arms trade partner. Further, Turkey is heavily investing in its indigenous defence industry and pursuing over 700 projects.

Pakistan

  • Capital: Islamabad
  • Military spending: $6.3 billion

The Islamic Republic of Pakistan was founded in 1947 through a rebellion by Muslims against the Hindu majority in British India, securing their homeland. Pakistan is an active member of various international organisations, such as the United Nations, the World Trade Organization, and the International Monetary Fund.

Pakistan has one of the most powerful militaries in the world and impressive strengths in areas such as manpower, airpower, land power, and naval capabilities. A heightened emphasis on harnessing natural resources like natural gas and coal and its strategic positioning along shared borders have further elevated Pakistan's standing on the world stage.

Italy

  • Capital: Rome
  • Military spending: $31.6 billion

Italy, officially known as the Italian Republic, is a Southern European country and a member of the European Union. Italy is renowned for its diverse cuisine, including pasta, pizza, and wine, with regional variations. Historically, it comprised smaller kingdoms and city-states before unification in 1861.

Italy, the last in GFP’s list of top 10 powerful countries, excels in areas such as its aerial tanker aircraft fleet, substantial total helicopter strength, impressive attack aircraft capabilities, and the possession of multiple aircraft carrier warships. Italy has a fleet of 404 helicopters, including 58 attack helicopters.

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Fri, 31 May 2024 09:25:24 +0530 GMThttps://www.forbesindia.com//media/images/2023/Nov/img_223275_top10countrieswithstrongestmilitarypower_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ Best motivational quotes to achieve success in life ]]><![CDATA[https://www.forbesindia.com/article/explainers/success-quotes/87281/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (91)

In life, the path to success is often winding and steep, filled with obstacles and challenges. However, it's the courage to continue that counts. After all, success is not just about achieving goals but also about the journey and the learnings along the way. It's about the resilience to bounce back from failures and the determination to keep going despite the odds.

_RSS_Success is deeply personal and unique to each individual. Success for one might not be the same for another. Which is why, in this post, we will explore some of the most inspiring success quotes from a range of personalities who have achieved remarkable success in their variety of fields. Hopefully, these quotes will motivate, inspire, and guide you on your path to success.

Positive Quotes on Life and its Various Aspects to Keep in Mind

Speaking of uplifting quotes - we can often feel overwhelmed by the prospect of hard work. Consistently putting in significant efforts toward our goals can seem like a never-ending journey. However, every step taken is a step closer to the peak. Here are some quotes to drive that thought home:

Success Quotes: Embracing Your Power

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (92)

  1. "Success is the sum of small efforts - repeated day in and day out." - Robert Collier
  2. "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer
  3. "Strive not to be a success, but rather to be of value." - Albert Einstein
  4. "Success consists of going from failure to failure without loss of enthusiasm." - Winston Churchill
  5. “Chase the vision, not the money; the money will end up following you.” – Tony Hsieh, late CEO of Zappos
  6. "Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it." - Bruce Lee
  7. "Coming together is a beginning; keeping together is progress; working together is success." - Edward Everett Hale
  8. "If everyone is moving forward together, then success takes care of itself." - Henry Ford
  9. "The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand." - Vince Lombardi
  10. “A thinker sees his own actions as experiments and questions--as attempts to find out something. Success and failure are for him answers above all.” ― Friedrich Nietzsche
  11. “There is a price to pay for success, there is also a price to pay for failure. The question is, what price are you willing to pay?” ― Fela Bank-Olemoh
  12. “Doubt kills more dreams than failure ever will.” – Suzy Kassem
  13. “Don’t worry about failure; you only have to be right once.” – Drew Houston, Co-Founder and CEO of Dropbox
  14. “Seven Steps to Success 1) Make a commitment to grow daily. 2) Value the process more than events. 3) Don't wait for inspiration. 4) Be willing to sacrifice pleasure for opportunity. 5) Dream big. 6) Plan your priorities. 7) Give up to go up.”— John C. Maxwell
  15. “In order to succeed, your desire for success should be greater than your fear of failure. ” — Bill Cosby
  16. “Successful people have libraries. The rest have big screen TVs.” — Jim Rohn

Even when you know that hard work is the key to success, failures will likely bring you down at some point. It's important to remember that your failure doesn't define you and simply tell you to take another road to success:

Also Read: Quotes by APJ Abdul Kalam: Inspiring thoughts for a positive life and success

Success Quotes: The Power of Persistence

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (93)

  1. "Our greatest glory is not in never falling, but in rising every time we fall." - Confucius
  2. "I can accept failure, everyone fails at something. But I can't accept not trying." - Michael Jordan
  3. “Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” – Albert Schweitzer
  4. "Failure is simply the opportunity to begin again, this time more intelligently." - Henry Ford
  5. "Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill
  6. “A successful man is one who can lay a firm foundation with the bricks others have thrown at him.” – David Brinkley
  7. “The value of an idea lies in the using of it.” – Thomas Edison, late Co-Founder of General Electric
  8. "Energy and persistence conquer all things." - Benjamin Franklin
  9. "Persistence can change failure into extraordinary achievement." - Matt Biondi
  10. "Ambition is the path to success. Persistence is the vehicle you arrive in." - Bill Bradley
  11. "Success is the result of perfection, hard work, learning from failure, loyalty, and persistence." - Colin Powell
  12. "Patience, persistence, and perspiration make an unbeatable combination for success." -Napoleon Hill
  13. "Paralyze resistance with persistence." - Woody Hayes

Also Read: 28 Best motivational quotes to elevate your mindset and enable positive thinking

Embracing your passion can be challenging, particularly when grappling with self-doubt or questioning your abilities. In these moments of uncertainty, we hope these positive affirmations provide the encouragement you need to confidently stride forward:

Success Quotes for Your Career: Believe in Your Potential

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (94)

  1. "The future depends on what you do today." - Mahatma Gandhi
  2. "I find that the harder I work, the more luck I seem to have." - Thomas Jefferson
  3. "Choose a job you love, and you will never have to work a day in your life." - Confucius
  4. "Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work." - Steve Jobs
  5. “Your reputation is more important than your paycheck, and your integrity is worth more than your career.” – Ryan Freitas, Co-Founder of About.me
  6. "Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy." - Norman Vincent Peale
  7. "Believe in yourself, take on your challenges, dig deep within yourself to conquer fears. Never let anyone bring you down. You got this." - Chantal Sutherland
  8. "Believe in yourself, and the rest will fall into place. Have faith in your own abilities, work hard, and there is nothing you cannot accomplish." - Brad Henry
  9. "Believe in yourself, push your limits, experience life, conquer your goals, and be happy." - Joel Brown
  10. “Your talent determines what you can do. Your motivation determines how much you’re willing to do. Your attitude determines how well you do it.” —Lou Holtz
  11. “It’s no use going back to yesterday because I was a different person then.” – Alice, Alice In Wonderland
  12. “All our dreams can come true if we have the courage to pursue them.”- Walt Disney

To realize your dreams, it's essential to cultivate a mindset of positivity and resilience, regardless of the obstacles life places in your way. Here are a few positive quotes designed to uplift and inspire you throughout your journey to success:

Success Quotes for Achieving Greatness: The Importance of Hard Work

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (95)

  1. "There are no secrets to success. It is the result of preparation, hard work, and learning from failure." - Colin Powell
  2. "Success is peace of mind which is a direct result of self-satisfaction in knowing you did your best to become the best you are capable of becoming." - John Wooden
  3. "Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do." - Pele
  4. "The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand." - Vince Lombardi
  5. "Success isn't always about greatness. It's about consistency. Consistent hard work leads to success. Greatness will come." - Dwayne Johnson
  6. "Focused, hard work is the real key to success." - John Carmack
  7. “Victory has a thousand fathers, but defeat is an orphan." - John F. Kennedy
  8. "Success is getting what you want. Happiness is wanting what you get."- Dale Carnegie
  9. “The bad news is time flies. The good news is you’re the pilot.” – Michael Altshuler

We trust these positive quotes on life will guide you through the most challenging times and inspire you to persist. Because there's always a silver lining, even if it appears later rather than sooner.

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Fri, 31 May 2024 09:24:32 +0530 GMThttps://www.forbesindia.com//media/images/2023/Aug/img_214991_successquotes_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ 100+ Motivational quotes to inspire your positive mindset for success in life ]]><![CDATA[https://www.forbesindia.com/article/explainers/motivational-quotes/84853/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (96)

In today’s fast-paced and competitive world, it's easy to lose track of our passion and goals and become overwhelmed by the challenges we face—no matter which walks of life you hail from. If you speak particularly of people involved in business endeavours across industries, we're often faced with constant pressure to perform at our best and achieve success, whether it's in our careers or our personal lives.

It's during these very moments of doubt and uncertainty that motivational quotes can be quite a powerful tool to help you in staying focused and motivated.

Also Read: Quotes by APJ Abdul Kalam: Inspiring thoughts for a positive life and success

By tapping into the wisdom and experiences of successful individuals who have overcome similar obstacles, you can gain valuable insights and inspiration that can guide you towards achieving your own goals and aspirations. Whether it's a quote from a famous leader or a successful entrepreneur, these words of wisdom can bring the clarity and direction you require to keep yourself on track and stay motivated, even when faced with animosity.

Moreover, motivational quotes can help you cultivate a positive mindset and attitude, which is essential for success in any field. By focusing on the possibilities instead of the limitations, you can develop a sense of resilience and optimism that can help us overcome obstacles and bounce back from failures.

Also Read: 50 quotes from visionary leaders to motivate and inspire entrepreneurs

In this article, we list down motivational quotes to help you stay inspired on your journey towards success. These quotes are carefully chosen to empower you with the very guidance and inspiration you need to overcome challenges, stay focused on your goals, and reach your full potential.

Whether you're a business executive, an entrepreneur, or simply someone looking for inspiration, these quotes are sure to help you rise to the challenge and achieve your dreams!

Also Read: Best Motivational Quotes to Achieve Success in Life

Motivational Quotes For Success: Hard Work is Key

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (97)

Speaking of inspirational quotes, more often than not we’re bogged down by the prospect of hard work; putting in significant efforts continuously while working towards our goals can seem like climbing a mountain with no peak in sight, after all. When you’re close to giving in, these quotes can help you get back on track:

  1. "If people knew how hard I worked to get my mastery, it wouldn't seem so wonderful after all." — Michelangelo
  2. "Before you start some work, always ask yourself three questions - Why am I doing it, What the results might be and Will I be successful. Only when you think deeply and find satisfactory answers to these questions, go ahead." — Chanakya
    Read more at https://www.brainyquote.com/authors/chanakya-quotes
  3. "Do the best you can until you know better. Then when you know better, do better." — Maya Angelou
  4. "Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do." — Pele
  5. "I do not know anyone who has got to the top without hard work. That is the recipe. It will not always get you to the top, but should get you pretty near." — Margaret Thatcher
  6. "Hard work spotlights the character of people: some turn up their sleeves, some turn up their noses, and some don’t turn up at all." — Sam Ewing
  7. "The only thing standing between you and outrageous success is continuous progress you need discipline." — Dan Waldschmidt
  8. "Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work."— Stephen King
  9. "Hard work is a prison sentence only if it does not have meaning. Once it does, it becomes the kind of thing that makes you grab your wife around the waist and dance a jig." — Malcolm Gladwell
  10. "The fight is won or lost far away from witnesses — behind the lines, in the gym, and out there on the road, long before I dance under those lights." — Muhammad Ali
  11. "Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all." — Dale Carnegie
  12. "The only place where success comes before work is in the dictionary." — Vince Lombardi
  13. "There are no secrets to success. It is the result of preparation, hard work, and learning from failure." — Colin Powell
  14. "Strive not to be a success, but rather to be of value." — Albert Einstein
  15. “Try not to become a man of success. Rather become a man of value.” ― Albert Einstein
  16. “Success is stumbling from failure to failure with no loss of enthusiasm.” ― Winston S. Churchill
  17. “Don't spend time beating on a wall, hoping to transform it into a door. ” ― Coco Chanel
  18. “If A is a success in life, then A equals x plus y plus z. Work is x; y is play; and z is keeping your mouth shut” ― Albert Einstein
  19. “It is hard to fail, but it is worse never to have tried to succeed.” ― Theodore Roosevelt
  20. “If you want to live a happy life, tie it to a goal, not to people or things.” ― Albert Einstein
  21. “It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome.” – William James
  22. “Success depends upon previous preparation, and without such preparation, there is sure to be failure.” — Confucius
  23. “Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” – Thomas A. Edison
  24. “It is better to fail in originality than to succeed in imitation.” – Herman Melville
  25. “In most things success depends on knowing how long it takes to succeed.” – Montesquieu
  26. “I don’t believe in failure. It’s not failure if you enjoyed the process.” – Oprah Winfrey
  27. “Success is not how high you have climbed, but how you make a positive difference to the world.” ― Roy T. Bennett, The Light in the Heart
  28. “The worst part of success is trying to find someone who is happy for you.” ― Bette Midler
  29. “I'm a success today because I had a friend who believed in me and I didn't have the heart to let him down.” ― Abraham Lincoln
  30. “However difficult life may seem, there is always something you can do and succeed at.” — Stephen Hawking
  31. “Today a reader. Tomorrow a leader.” – Anonymous
  32. He who asks a question is a fool for five minutes; he who does not ask a question remains a fool forever.” — Chinese Proverb
Also Read: 28 Best motivational quotes to elevate your mindset and enable positive thinking

Motivational Quotes for Your Career: Believe in Yourself

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (98)

Taking a step towards your passion can be hard, especially when you lack faith or doubt your own expertise. At these moments of hesitation, we hope these motivational quotes provide the final push you need:

  1. "Whatever we believe about ourselves and our ability comes true for us." — Susan L. Taylor
  2. "People who say it cannot be done should not interrupt those who are doing it." — George Bernard Shaw
  3. "He who would learn to fly one day must first learn to stand and walk and run and climb and dance; one cannot fly into flying." — Nietzsche
  4. "The harder the conflict, the more glorious the triumph." — Thomas Paine, American Founding Father
  5. "Never be limited by other people’s limited imaginations." — Dr. Mae Jemison
  6. "Start where you are. Use what you have. Do what you can." — Arthur Ashe
  7. “You can do what you have to do, and sometimes you can do it even better than you think you can.” - Jimmy Carter
  8. “It's hard to beat a person who never gives up.”— Babe Ruth
  9. “You may be the only person left who believes in you, but it's enough. It takes just one star to pierce a universe of darkness. Never give up.” — Richelle E. Goodrich
  10. "The minute you decide to do what you love to do, you have made a life plan for yourself and a career choice." — Huda Kattan
  11. “Earn Nicely, spend wisely and you will live happily.” ― Auliq Ice
  12. Match your talent with opportunities that you are passionate about.” ― Germany Kent
  13. “When opportunities knock on your door, don't wait too long to decide because when you take too much time, the decision will be made for you — typically, this will not be to your benefit.” ― Jen Alvares
  14. “A rare skill can help you pay more bills than usual.”― David Angway
  15. “Ever day you spend at work is a foundation for your future.” ― Abhishek Ratna, No Parking. No Halt. Success Non Stop!
  16. “No career counselor or internship will be able to help you with your career if you don't have an aim, purpose, and passion for what you want to do in life.” ― Germany Kent
  17. “Some women choose to follow men, and some choose to follow their dreams. If you’re wondering which way to go, remember that your career will never wake up and tell you that it doesn’t love you anymore.” — Lady Gaga
  18. “Leaders never use the word failure. They look upon setbacks as learning experiences.” – Brian Tracy
  19. “It does not matter how slowly you go as long as you do not stop.” — Confucius
  20. “Wanting to be someone else is a waste of the person you are.” — Kurt Cobain
  21. "You can't build a reputation on what you're going to do." —Confucius
  22. “If you’re offered a seat on a rocket ship, don’t ask what seat! Just get on.” – Sheryl Sandberg
  23. “Opportunities don’t happen, you create them.” – Chris Grosser
  24. “Find out what you like doing best, and get someone to pay you for doing it.” – Katharine Whitehorn
  25. Feeling confident or pretending that you feel confident is necessary to reach for opportunities. It’s a cliché, but opportunities are rarely offered; they’re seized. – Sheryl Sandberg
  26. “I am not a product of my circ*mstances. I am a product of my decisions.” —Stephen Covey
  27. “Getting fired is nature’s way of telling you that you had the wrong job in the first place.” —Hal Lancaster
  28. “The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.” —Steve Jobs
  29. “If opportunity doesn’t knock, build a door.” —Milton Berle
  30. “So often in life, things that you regard as an impediment turn out to be great, good fortune.” — Ruth Bader Ginsburg
  31. “Tell me and I forget. Teach me and I remember. Involve me and I learn.” — Benjamin Franklin
  32. “You are never too small to make a difference.” — Greta Thunberg
  33. “Individually, we are one drop. Together, we are an ocean.” — Ryunosuke Satoro, Japanese author.
  34. “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean

Motivational Quotes: If You Fail, Try Again

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Even when you know that hard work is the key to success, failures are sure to bring you down at some point or other. It’s important to remember that your failure doesn’t define you, and simply tell you to take another road to success:

  1. "As I look back on my life, I realise that every time I thought I was being rejected from something good, I was actually being redirected to something better." — Dr. Steve Maraboli
  2. "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot
  3. "Develop success from failures. Discouragement and failure are two of the surest stepping stones to success." — Dale Carnegie,
  4. "You’re not obligated to win. You’re obligated to keep trying to do the best you can every day." — Marian Wright Edelman
  5. "Success isn't always about greatness. It's about consistency. Consistent hard work leads to success. Greatness will come." — Dwayne "The Rock" Johnson
  6. "Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." — Thomas Edison
  7. Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end.”- Roy T. Bennett
  8. “If you have a dream, don’t just sit there. Gather courage to believe that you can succeed and leave no stone unturned to make it a reality.”— Dr. Roopleen
  9. “No. Don't give up hope just yet. It's the last thing to go. When you have lost hope, you have lost everything. And when you think all is lost, when all is dire and bleak, there is always hope.” — Pittacus Lore
  10. “Change course, but don’t give up.”- Roy T. Bennett
  11. “We keep moving forward, opening new doors, and doing new things, because we're curious and curiosity keeps leading us down new paths.” —Walt Disney
  12. “Courage doesn't always roar, sometimes it's the quiet voice at the end of the day whispering 'I will try again tomorrow.” — Mary Anne Radmacher
  13. "It's fine to celebrate success but it is more important to heed the lessons of failure." — Bill Gates
  14. “I have not failed. I've just found 10,000 ways that won't work.”― Thomas A. Edison
  15. “Pain is temporary. Quitting lasts forever.” ― Lance Armstrong Sally Jenkins, Every Second Counts
  16. “Only those who dare to fail greatly can ever achieve greatly.”― Robert F. Kennedy
  17. “Just because you fail once doesn't mean you're gonna fail at everything.” ― Marilyn Monroe
  18. “Failure is a bend in the road, not the end of the road. Learn from failure and keep moving forward.” ― Roy T. Bennett
  19. “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.” ― Robert T. Kiyosaki, Rich Dad, Poor Dad
  20. “The one who falls and gets up is stronger than the one who never tried. Do not fear failure but rather fear not trying.” ― Roy T. Bennett, The Light in the Heart
  21. “Leaders never use the word failure. They look upon setbacks as learning experiences.” – Brian Tracy
  22. “Failure is not the opposite of success, it’s part of success” ― Arianna Huffington
  23. “We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding that failure is not the opposite of success, it’s part of success.” –Arianna Huffington
  24. “Failure isn’t an option. I’ve erased the word ‘fear’ from my vocabulary, and I think when you erase fear, you can’t fail.” –Alicia Keys
  25. “Never be afraid of failure. And don’t stop yourself from doing something you want to do because of what others might think. Only you know yourself best.” –Suki Waterhouse
  26. “Failure doesn’t mean you are a failure it just means you haven’t succeeded yet.” ― Robert H. Schuller
  27. “I think everyone should experience defeat at least once during their career. You learn a lot from it.” ― Lou Holtz
  28. “All men make mistakes, but a good man yields when he knows his course is wrong, and repairs the evil. The only crime is pride.” ― Sophocles, Antigone
  29. “There is no failure except in no longer trying.” ― Elbert Hubbard
  30. “The master has failed more times than the beginner has even tried.” ― Stephen McCranie
  31. “Nothing is impossible, the word itself says, “I’m possible!” — Audrey Hepburn
  32. "Winners never quit, and quitters never win." ― Vince Lombardi
  33. “Doubt kills more dreams than failure ever will.” —Karim Seddiki
  34. There is no secret to success. It is the result of preparation, hard work, and learning from failure. – General Colin Powell
  35. Ninety-nine percent of the failures come from people who have the habit of making excuses. – George Washington Carver

Motivational Quotes: Take Charge of Your Life

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To achieve your ambition, you need to live a life of positivity and learn to persevere no matter how many walls life builds in your path. Here are a few inspirational quotes to help keep you motivated throughout your journey to greatness:

  1. "Life is 10% what happens to you and 90% how you react to it." — Charles R. Swindoll
  2. "Obstacles can't stop you. Problems can't stop you. Most of all, other people can't stop you. Only you can stop you." — Jeffrey Gitomer
  3. "We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes – understanding that failure is not the opposite of success, it’s part of success." — Arianna Huffington
  4. "If we had no winter, the spring would not be so pleasant. If we did not sometimes taste adversity, prosperity would not be so welcome." — Josh Billings
  5. "He who is not courageous enough to take risks will accomplish nothing in life." — Muhammad Ali
  6. "Impossible is just an opinion." — Paulo Coelho
  7. “The biggest guru-mantra is: never share your secrets with anybody. It will destroy you.” — Chanakya
  8. "On any given Monday I am one sale closer and one idea away from being a millionaire." — Larry D. Turner
  9. "Setting goals is the first step in turning the invisible into the visible." —Tony Robbins
  10. "Sometimes, you have to give up. Sometimes, knowing when to give up, when to try something else, is genius. Giving up doesn’t mean stopping. Don’t ever stop." — Phil Knight
  11. "You can't get there by bus, only by hard work and risk and by not quite knowing what you're doing. What you'll discover will be wonderful. What you'll discover will be yourself." — Alan Alda
  12. "I am who I am today because of the choices I made yesterday." — Eleanor Roosevelt
  13. “You can dance in the storm. Don't wait for the rain to be over before because it might take too long. You can do it now. Wherever you are, right now, you can start, right now; this very moment.”- Israelmore Ayivor
  14. “Avoid him who talks sweetly before you but tries to ruin you behind your back, for he is like a pitcher full of poison with milk on top.” — Chanakya
  15. “Do it again. Play it again. Sing it again. Read it again. Write it again. Sketch it again. Rehearse it again. Run it again. Try it again. Because again is practice, and practice is improvement, and improvement only leads to perfection.”- Richelle E. Goodrich
  16. “There are five important things for living a successful and fulfilling life: never stop dreaming, never stop believing, never give up, never stop trying, and never stop learning.”- Roy T. Bennett
  17. “Every master was once a disaster.” – David T.S Wood
  18. “When it comes to your dreams, every risk is worth it.” – Joel Brown
  19. “Gain control of your time, and you will gain control of your life.” John Landis Mason
  20. “Be grateful for what you already have while you pursue your goals.” ― Roy Bennett
  21. “If you don’t have a goal in mind, you can’t expect to achieve it.”― Frank Sonnenberg, The Path to a Meaningful Life
  22. “Focus on yourself and your goals and don’t get distracted by dishonesty and disloyalty from people, who only waste your time and energy!”― Lily Amis
  23. “Your focus should be on becoming a type of person you want to be, not a specific goal” ― James Clear, Atomic Habits
  24. “Life is not about a goal to be achieved, but a goal to be reached.”― Pawan Pandit, Alive Sentence
  25. You define your own life. Don’t let other people write your script.” — Oprah Winfrey
  26. “Goals must stretch and test your cognitive skills for results achievement.” — Invajy
  27. “If you want to be happy, set a goal that commands your thoughts, liberates your energy and inspires your hopes.” —Andrew Carnegie
  28. “People with ambition don’t give a damn what other people think of them.” ― Diane Setterfield
  29. “My belief in life is that you need only three things to get to the top- Talent, Ambition and Initiative.” ― Ankit Patni
  30. "When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps." ― Confucius
  31. "If you set goals and go after them with all the determination you can muster, your gifts will take you places that will amaze you." ― Les Brown
  32. "No matter how many goals you have achieved, you must set your sights on a higher one." ― Jessica Savitch
  33. “What lies behind us and what lies before us are tiny matters compared to what lies within us.” — Ralph Waldo Emerson
  34. “Build your own dreams, or someone else will hire you to build theirs.” – Farrah Gray
  35. “It’s the pain and failure that teaches you the best lesson in life and motivates you to rebuild yourself and stand again with a robust faith.” —Priti Chaubey
  36. “In life you make the small decisions with your head and the big decisions with your heart.” —Omid Kordgstani

We hope these motivational quotes on life get you through the toughest times, and teach you to keep going, because there’s always light at the end of the tunnel, even if you find it later and not sooner.

Good luck with all your endeavours.

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Fri, 31 May 2024 09:22:59 +0530 GMThttps://www.forbesindia.com//media/images/2023/May/img_207519_motivationalquotes_280x210_150x113.jpg<![CDATA[ Forbes India ]]><![CDATA[ Forbes India ]]>en-us
<![CDATA[ 100+ Best motivational quotes to elevate your mindset and enable positive thinking ]]><![CDATA[https://www.forbesindia.com/article/explainers/positive-thinking-quotes/87379/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (101)

In life's journey, we often encounter challenges that test our resilience and determination. During such times, positive thinking can be our greatest ally. Positive thinking is not just about maintaining a sunny outlook; it's about embracing optimism, believing in our abilities, and having faith in the outcomes. It's about seeing the glass as half-full, not half-empty.

This article brings together a collection of powerful positive thinking quotes from various authors, leaders, and thinkers. These inspiring quotes pack in the potential to motivate and enhance your perspective on the power of positivity.

Also Read: Best motivational quotes to achieve success in life

Embrace the Power of Positivity

When overwhelmed with negative thoughts, it's helpful to embrace a mindset of positivity and resilience, regardless of the obstacles life may face. Here are some uplifting positive thinking quotes to inspire and motivate you on your path to success:

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  1. "Positive thinking will let you do everything better than negative thinking will." - Zig Ziglar
  2. "Your positive action combined with positive thinking results in success." - Shiv Khera
  3. "Positive thinking is more than just a tagline. It changes the way we behave. And I firmly believe that when I am positive, it not only makes me better, but it also makes those around me better." - Harvey Mackay
  4. "Positive thinking is a valuable tool that can help you overcome obstacles, deal with pain, and reach new goals." - Amy Morin
  5. "Positive thinking is the notion that if you think good thoughts, things will work out well. Optimism is the feeling of thinking things will be well and be hopeful." - Martin E. P. Seligman
  6. "The power of positive thinking can change your life." - Devin McCourty
  7. "Doing Good is a simple and universal vision. A vision to which each and every one of us can connect and contribute to its realisation. A vision based on the belief that by doing good deeds, positive thinking and affirmative choice of words, feelings and actions, we can enhance goodness in the world." - Shari Arison
  8. “Whenever something bad happens, keep calm, take a few deep breaths and shift the focus to something positive.” ― Roy T. Bennett
  9. “When things do not go your way, remember that every challenge — every adversity — contains within it the seeds of opportunity and growth.” ― Roy T. Bennett
  10. “Enjoy every step you take. If you're curious, there is always something new to be discovered in the backdrop of your daily life.” ― Roy T. Bennett, The Light in the Heart
  11. “You may find the worst enemy or best friend in yourself.”- English Proverb
  12. “If you are positive, you’ll see opportunities instead of obstacles.” – Widad Akrawi
  13. “Luck is a dividend of sweat. The more you sweat, the luckier you get.” – Ray Kroc
  14. “A positive attitude causes a chain reaction of positive thoughts, events and outcomes. It is a catalyst and it sparks extraordinary results.”- Wade Boggs
  15. “It takes but one positive thought when given a chance to survive and thrive to overpower an entire army of negative thoughts.”- Robert H. Schuller
  16. "Once you replace negative thoughts with positive ones, you'll start having positive results." – Willie Nelson
  17. “If you don’t like the road you’re walking, start paving another one.” — Dolly Parton
  18. “A dead end is just a good place to turn around.” — Naomi Judd
Also Read: Quotes by APJ Abdul Kalam: Inspiring thoughts for a positive life and success

Overcoming Challenges with Optimism

We can often find ourselves overwhelmed by persistent effort - the idea of consistently striving towards our goals can feel like an endless uphill journey. But if you're on the verge of succumbing to negativity, these quotes can serve as a beacon of positivity, guiding you back to a path of optimism.

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  1. "Well, if it can be thought, it can be done, a problem can be overcome." - E.A. Bucchianeri, Brushstrokes of a Gadfly
  2. "There are no negatives in life, only challenges to overcome that will make you stronger." - Eric Bates
  3. "Beautiful souls are shaped by ugly experiences." - Matshona Dhliwayo
  4. "Some fish love to swim upstream. Some people love to overcome challenges." - Amit Ray, Walking the Path of Compassion
  5. "The tests we face in life's journey are not to reveal our weaknesses but to help us discover our inner strengths. We can only know how strong we are when we strive and thrive beyond the challenges we face." - Kemi Sogunle
  6. "Life always gives us another change: It's called 'To Move On'." - Ana Claudia Antunes, A-Z of Happiness: Tips for Living and Breaking Through the Chain that Separates You from Getting That Dream Job
  7. "The victory over our inner self is a daily struggle. Be strong and do not give up." - Lailah Gifty Akita, Pearls of Wisdom: Great mind
  8. "Great things happen to those who don't stop believing, trying, learning, and being grateful." - Roy T. Bennett, The Light in the Heart
  9. “Change your thoughts and you can change your world.”- Norman Vincent Peale
  10. “Always turn a negative situation into a positive situation.”- Michael Jordan
  11. “Life is about accepting the challenges along the way, choosing to keep moving forward, and savoring the journey.”- Roy T. Bennett
  12. “Be thankful for everything that happens in your life. It’s all an experience.” – Roy Bennett
  13. “People have to remain positive and believe in those dreams. It’s really important.” – Kirsty Coventry
  14. “Stay positive in every situation and everything you do and never stop trying. Have faith. Don’t stop due to failure.” – Anurag Prakash Ray
  15. ​“Optimism is a happiness magnet. If you stay positive, good things and good people will be drawn to you.”– Mary Lou Retton
  16. “Having the positive belief that it will all be OK just means that you hustle and make it work because failure is not even an option in your own mind.” – Natalie Massenet
  17. “A positive mind finds a way it can be done. A negative mind looks for all the ways it can’t be done.” – Napoleon Hill
  18. “Fight for the things that you care about, but do it in a way that will lead others to join you.” —Ruth Bader Ginsburg
  19. "Sometimes, when things are falling apart, they may actually be falling into place." — Unknown
Also Read: 50 quotes from visionary leaders to motivate and inspire entrepreneurs

Believe in Your Potential

Embarking on a journey towards your passion can be challenging, particularly when self-belief wavers or your own skills seem uncertain. During such moments of doubt, we hope these positive thinking quotes offer the encouragement you need to take that leap

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  1. "The only journey is the journey within." - Rainer Maria Rilke
  2. “The man who has confidence in himself gains the confidence of others.” – Hasidic Proverb
  3. "Personal development is a major time-saver. The better you become, the less time it takes you to achieve your goals." - Brian Tracy
  4. "The only way that we can live, is if we grow. The only way that we can grow is if we change. The only way that we can change is if we learn. The only way we can learn is if we are exposed. And the only way that we can become exposed is if we throw ourselves out into the open. Do it. Throw yourself." - C. JoyBell C.
  5. "There is no greater journey than the one that you must take to discover all of the mysteries that lie within you." - Michelle Sandlin
  6. "Life is growth. If we stop growing, technically and spiritually, we are as good as dead." - Morihei Ueshiba
  7. "The only way to grow is to challenge yourself." - Ashley Tisdale
  8. “Great leaders can see the greatness in others when they can’t see it themselves and lead them to their highest potential they don’t even know.” ― Roy T. Bennett, The Light in the Heart
  9. “Live life to the fullest, and focus on the positive.”- Matt Cameron
  10. “Believe you can and you’re halfway there.” – Theodore Roosevelt
  11. “Think positive, be positive and positive things will happen.” – Unknown
  12. “Pessimism leads to weakness, optimism to power.”- William James
  13. “The mind is everything. What you think you become.” – Buddha
  14. “You are the conductor of your own attitude! Nobody else can compose your thoughts for you.” – Lee J. Colan
  15. “Fake it until you make it! Act as if you had all the confidence you require until it becomes your reality.” – Brian Tracy
  16. “Write it on your heart that every day is the best day in the year.” – Ralph Waldo Emerson
  17. “A positive mind finds opportunity in everything. A negative mind finds fault in everything.” – Unknown
  18. “If you can change your mind, you can change your life.” – William James
  19. “You are so much more than what you are going through.” – John Tew
  20. “Optimist. Someone who isn’t sure whether life is a tragedy or a comedy but is tickled silly just to be in the play.” – Robert Brault
  21. Be not afraid of life. Believe that life is worth living, and your belief will help create the fact.” – William James
  22. “You were born to win, but to be a winner, you must plan to win, prepare to win, and expect to win.” Zig Ziglar
  23. “Life is what happens to us while we are making other plans.”― Allen Saunders
  24. “Don’t try to be perfect. Just try to be better than you were yesterday.” – Unknown
  25. “You are the conductor of your own attitude! Nobody else can compose your thoughts for you.” – Lee J. Colan
  26. “The greatest discovery of all time is that a person can change his future by merely changing his attitude.” – Oprah Winfrey
  27. “When you wake up every day, you have two choices. You can either be positive or negative; an optimist or a pessimist. I choose to be an optimist. It’s all a matter of perspective.” – Harvey Mackay

Harnessing the Power of a Positive Mindset

Despite knowing perseverance is the pathway to triumph, setbacks may occasionally dampen your spirit. It's crucial to remember that your missteps don't characterise you but rather guide you to explore a different route to success. Here are some inspiring quotes from Roy T. Bennett:

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  1. "Don't be pushed around by the fears in your mind. Be led by the dreams in your heart."
  2. "Instead of worrying about what you cannot control, shift your energy to what you can create."
  3. "Believe in yourself. You are braver than you think, more talented than you know, and capable of more than you imagine."
  4. "Live the Life of Your Dreams: Be brave enough to live the life of your dreams according to your vision and purpose instead of the expectations and opinions of others."
  5. "Success is not how high you have climbed, but how you make a positive difference to the world."
  6. “Keep your face always toward the sunshine, and shadows will fall behind you.” – Walt Whitman
  7. “Life isn’t about finding yourself. Life is about creating yourself.”― George Bernard Shaw
  8. "Pursue what catches your heart, not what catches your eyes."
  9. "Keep Going. Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end."
  10. “Be mindful. Be grateful. Be positive. Be true. Be kind.”- Roy T. Bennett
  11. “Attitude is a little thing that makes a big difference.”- Winston Churchill
  12. “Each day, I come in with a positive attitude, trying to get better.”- Stefon Diggs
  13. “Life becomes easier and more beautiful when we can see the good in other people.”- Roy T. Bennett
  14. “Don’t worry about failures, worry about the chances you miss when you don’t even try.”- Jack Canfield
  15. “Dwell on the beauty of life. Watch the stars, and see yourself running with them.”- Marcus Aurelius
  16. “I am a positive person. I never think of the glass as half empty. I just keep pushing forward.”- Rosie Perez
  17. “It’s a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient.”- Daniel Kahneman
  18. “You, and only you, are ultimately responsible for who you become and how happy you are.”- Rachel Hollis
  19. “The positive thinker sees the invisible, feels the intangible, and achieves the impossible.”- Winston Churchill
  20. “Your positive action combined with positive thinking results in success.” – Shiv Khera
  21. “Look for something positive in every day, even if some days you have to look a little harder.”
  22. “In order to carry a positive action, we must develop here a positive vision.” – Dalai Lama
  23. “Positive anything is better than negative nothing.” – Elbert Hubbard
  24. “Negative and positive thinking is infectious, as it tends to influence not only situations but also people around.” – Lindsay J. Hallie
  25. “Positive thinking does not imply a miracle cure; if you focus on living rather than drowning in sorrow, self-pity and anger, you may just find yourself thinking your way to good health and wellness.” – Ruby T.
  26. “Look for something positive in every day, even if some days you have to look a little harder.” – Unknown
  27. “If you absolutely can’t stay positive, don’t go negative, just cruise neutral for a while until you can get back up.” – Terri Guillemets
  28. “The happiness of your life depends on the quality of your thoughts.” – Marcus Aurelius
  29. “Be positive with every idea surrounding your dreams.Think about the possibility of what you plan to do and approach it with an optimistic action. Stay positively.” – Israelmore Ayivor
  30. “A positive attitude may not solve every problem but it makes solving any problem a more pleasant experience.” – Grant Fairley

We hope these positive thinking quotes on life will navigate you through the most challenging times and encourage you to endure, because there's always a beacon of hope, even if it shines at the end of the long tunnel rather than at the beginning.

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<![CDATA[ From silk scrolls to original lithography by Marc Chagall, 4,000 historic French state dinner menus up for auction ]]><![CDATA[https://www.forbesindia.com/article/lifes/from-silk-scrolls-to-original-lithography-by-marc-chagall-4000-historic-french-state-dinner-menus-up-for-auction/93256/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (106)[CAPTION]The collection of Lyons-based chef Christophe Marguin The collection of Lyons-based chef Christophe MarguinImage: Courtesy of Millon Auction House©[/CAPTION]

From cooking for dictators to rushing to accommodate Barack Obama's love of cheese—a collection of French state dinner menus offered a unique insight into 150 years of diplomatic and gastronomic history on Wednesday.

The 4,000-plus menus were on display in Paris before going up for auction on Friday, with the oldest dating back to an imperial dinner given by Napoleon III in 1868 that carries a few wine stains from the moment.

They offer a who's who of royalty, statesmen and dictators, from John F Kennedy and Nelson Mandela to Saddam Hussein and Vladimir Putin -- right up to the sumptuous meal at Versailles for King Charles III last year.

They were obsessively collected by a Lyons-based chef, Christophe Marguin, who has put them up for auction with the Millon auction house at estimations ranging from 10 to 1,500 euros ($1,600) per lot.

Some are printed on beautiful silk, and one for US president Jimmy Carter features an original lithograph by painter Marc Chagall.

They hint at the complex logistics that surround diplomatic moments—such as the commemorations for the 70th anniversary of the D-Day landings in 2014 when then-president Francois Hollande had to dash from a meal with Obama to another with Putin.

Having enjoyed a blue lobster salad and grilled sea bass, Obama messed with the delicate timing by asking for a cheese course that was not on the tight menu schedule "almost causing a diplomatic incident," Pierre Marquis, expert with Cabinet Poulain, who are assisting with the auction, told AFP..

Those logistics pale compared to the meal for 23,000 local mayors, held in the Tuilerie Gardens in 1900, that required seven kilometres of tablecloth, 125,000 plates, 600 cooks, 2,200 servers, 2,000 kilos of salmon, 1,200 litres of mayonnaise and 39,000 bottles of wine.

"We see the evolution of international relations. Visits at the end of the 19th century were much rarer, so they were exceptional events with several meals at the Elysee, sometimes at Versailles... often with military parades and a programme of opera or theatre," said Millon.

Also read: Marmalade fest celebrates quintessential British breakfast treat

Some menus carried subtle messages.

When France was trying to ensure close ties with both Russia and Britain in 1897, the dinner for Russian Tsar Nicolas II included both Sturgeon from the Volga and "Ananas a la Victoria"—a pineapple dessert named after the British queen.

It is the French president who usually has the final call on the menu, but there is back-and-forth to ensure it fits the tastes of the guests.

For one visit, Queen Elizabeth II was offered two choices—with foie gras or without—for fear of offending her environmentally-conscious son Charles.

"But it was the queen that decided, and clearly she liked foie gras, so it stayed in," Millon said.

]]>
Thu, 30 May 2024 17:15:34 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235096_collection_de_menus_du_chef_christophe_marguin_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ Japanese researchers build the world&#039;s first wooden satellite ]]><![CDATA[https://www.forbesindia.com/article/lifes/japanese-researchers-build-the-worlds-first-wooden-satellite/93255/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (107)[CAPTION]The world's first wooden satellite made from wood and named LignoSat, developed by scientists at Kyoto University and logging company Sumitomo Forestry, is shown during a press conference at Kyoto University in Kyoto.Image: STR / JIJI Press / AFP©[/CAPTION]

The world's first wooden satellite has been built by Japanese researchers who said their tiny cuboid craft will be blasted off on a SpaceX rocket in September.

Each side of the experimental satellite developed by scientists at Kyoto University and logging company Sumitomo Forestry measures just 10 centimetres (four inches).

_RSS_The creators expect the wooden material will burn up completely when the device re-enters the atmosphere—potentially providing a way to avoid the generation of metal particles when a retired satellite returns to Earth.

These metal particles could have a negative impact on the environment and telecommunications, the developers said as they announced the satellite's completion on Tuesday.

"Satellites that are not made of metal should become mainstream," Takao Doi, an astronaut and special professor at Kyoto University, told a press conference.

The developers plan to hand the satellite, made from magnolia wood and named LignoSat, to space agency JAXA next week.

It will be sent into space on a SpaceX rocket from the Kennedy Space Center in September, bound for the International Space Station (ISS), they said.

From there, the satellite will be released from the Japanese ISS experiment module to test its strength and durability.

Also read: Agnibaan-01 soars, boosts private Indian space tech to new heights

"Data will be sent from the satellite to researchers who can check for signs of strain and whether the satellite can withstand huge changes in temperature," a Sumitomo Forestry spokeswoman told AFP on Wednesday.

Also on Tuesday, a rocket carrying a separate sophisticated satellite—a collaboration between the European Space Agency (ESA) and JAXA—blasted off from California on a mission to investigate what role clouds could play in the fight against climate change.

The EarthCARE satellite will orbit nearly 400 kilometres (250 miles) above Earth for three years.

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Thu, 30 May 2024 16:45:03 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235093_wooden_satellite_280x210_150x113.jpg<![CDATA[ AFPRelaxnews ]]><![CDATA[ AFPRelaxnews ]]>en-us
<![CDATA[ Global pharma: Focus on core business, pure-play innovation ]]><![CDATA[https://www.forbesindia.com/article/15th-anniversary-special/global-pharma-focus-on-core-business-pureplay-innovation/93254/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (108)[CAPTION]India may be the world’s generic drug capital, but when it comes to pure-play innovation, there is a long way to goImage: Getty Images[/CAPTION]

The year 2009 saw three large mergers and acquisitions between a few of the world’s largest pharmaceutical companies.

Pfizer acquired Wyeth in a deal worth $68 billion with an aim to expand its product portfolio, gain access to Wyeth’s expertise in biotech and vaccines, and increase its presence in emerging markets. Pharma giants Merck and Schering-Plough came together to form a new entity with a strong presence in cardiovascular and respiratory markets, as well as in biologics and vaccines. The deal was worth $41.1 billion. Lastly, in a $47 billion deal, Roche acquired Genentech, known for its innovative work in biotech research. Roche was already a leader in cancer treatments, and with access to Genentech’s portfolio, it developed ground-breaking therapies for cancer. All these mergers and acquisitions were driven by one key factor: High cost of drug development.

_RSS_Fifteen years later, the strategy has drastically changed—pharma companies are hiving off non-core businesses to focus on pure-play drug development.

One such case study is Novartis. In 2018, the company sold its stake in the consumer health care joint venture to GlaxoSmithKline for $13 billion. Since then, Novartis turned its attention to pure-play innovative medicines. Novartis has also sold off its eye wear business, Alcon; exited its stake in pharma giant Roche for over $20 billion, and spun off its generic medicine arm Sandoz in 2023.

But Novartis isn’t the only one. In 2021, Merck spun out its women’s health portfolio, along with biosimilars and established medicines, into Organon. News reports suggest that Lupin was also likely to demerge its API business, either via a potential listing or a stake sale. Earlier this year, French drugmaker Sanofi was reportedly looking to spin off its consumer business in India. This strategic decision is in line with the parent company’s decision to sell off its entire OTC (over-the-counter) business to focus on innovation, reckon analysts.

“For years now, innovator drugs have always been a priority for most global pharma giants,” explains Vishal Manchanda, senior VP, institutional research, Systematix Group. Danish drugmaker Novo Nordisk’s blockbuster drugs, Ozempic (for diabetes) and Wegovy (for obesity), have been a result of continued investment in R&D—14 percent in 2023. Pharma giant Merck & Co spent about $30.5 billion on R&D in 2023, about 51 percent of its total revenue; and Novartis spends over $11 billion on its R&D pipeline, which is almost 25 percent of its sales.

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (109)

During a recent interaction with Forbes India Vasant Narasimhan, CEO, Novartis, said: “On average, when we look at the last 20 years, our returns on R&D are well above our cost of capital.” But the risk associated with innovator drugs is that it isn’t consistent. “What happens is you’ll have a few hugely successful drugs, and then you’ll have a few years where you don’t have many successes, and you must accept that, and have the patience and wisdom to accept that you will have rough patches.” According to Narasimhan, it takes over seven years to bring a new drug from initial clinical trials to the end of Phase III, with an average cost at $2.3 billion.

So how far are Indian drugmakers when it comes to innovator drugs? Though India is the world’s generic drug capital, when it comes to pure-play innovation, there is a long way to go.

Also read: Novartis: Innovating for the world, from India

Sun Pharma is one of the few that has been successful in this space. It has a pipeline of over 10 specialty and innovative drugs in the US via acquisitions of late-stage drugs in clinical trials. At the annual meeting of the USA-India Chamber of Commerce in Boston, Dilip Shanghvi, managing director, Sun Pharma, explained that to get into the big leagues, the mindset of Indian drug makers needs to change. “This is clearly a long-term investment and takes time to produce return against high risks or potential failures. But once a product is in the market and it becomes successful, it is justified for all the efforts. I see all this happening in the next two to three years,” he said.

Apart from Sun Pharma, many others such as Dr Reddy’s, Glenmark, Lupin, Biocon and Zydus Lifesciences have been investing in innovative drug research. “But Indian companies need to start investing a large base of their total revenue into drug discovery,” says Manchanda. “Generics has a cap on how much it can grow. To achieve scale, they will need to focus more on innovation like most global pharma companies.”

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Thu, 30 May 2024 16:11:10 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235090_pharma_280x210_150x113.jpg<![CDATA[ Naini Thaker ]]><![CDATA[ Naini Thaker ]]>en-us
<![CDATA[ Grip Invest: Taking bonds to the masses ]]><![CDATA[https://www.forbesindia.com/article/take-one-big-story-of-the-day/grip-invest-taking-bonds-to-the-masses/93253/1]]><![CDATA[

<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (110)[CAPTION]Grip Invest Technologies Pvt Ltd - (from left) Aashish Jindal, Co-founder & CPO; Nikhil Aggarwal, Founder & CEO; Vivek Gulati, Co-founder & COO. Grip is an investment platform that allows retail investors to diversify their portfolio with fixed income investment opportunities.Photo: Madhu Kapparath[/CAPTION]

Chitra Koushik’s father is an out-and-out fixed deposit saver. The retired post office employee would either save at his local bank or in savings certificates of his employer. He knew no other form of saving.

A little over a year ago, his daughter suggested that he try fixed income instruments with a higher payout that she found on Grip Invest, a platform which specialises in fixed income investing. While her father was sceptical, Koushik persisted and managed to persuade him to invest a total of Rs10 lakh in a product that invested in securitised lease payments for a cab aggregator.

_RSS_According to her, the risk was compensated by the higher payout of 9.5 to 10 percent. While it is still early days in her investing journey, so far, the interest payments have continued uninterrupted, prompting her to continually up her parents’ investments. She is also aware of the risks involved and stays away from lower quality products that offer payouts of 13 to 14 percent. Koushik’s investments on Grip Invest total Rs50 lakh.

Over the last two years, the rise in interest rates globally and in India has resulted in an increase in Indians investing in higher yielding debt products. “There is a class of people who want higher yields without the volatility or risk associated with equity investments,” says Nikhil Aggarwal, Founder and CEO of Grip Invest. This can be done either through the mutual fund route, AIFs or debt investing platforms. Of these, AIFs are available only to high net worth individuals with a minimum investment size of Rs1 crore, mutual funds are accessible to anyone but offer few high-yielding products (the most popular are central and state government bond funds).

Debt investing platforms offer bonds (government, corporate) and have benefited on account of two regulatory changes in the last year. First, are Sebi (Securities and Exchange Board of India) rules regulating Online Bond Buying Platforms (OBPP). These stipulate the rights and obligations of both platforms and consumers. For instance, it was possible earlier that money was transferred to purchase a bond and the seller didn’t transfer the bond in the buyers demat account. With this regulation, there are formal mechanisms to enforce contracts.

In effect, Sebi is working on creating an exchange-driven marketplace for bonds. There are initial signs of this working for investors. On May 30, the Corporate Bond Reporting and Integrated Clearing System reported trades of Rs5 crore within the first hour of opening.

Second, is the minimum ticket sizes for investment in bonds. In May, this threshold was reduced to Rs10,000 from Rs100,000. This makes bonds of all types a truly retail product. Simply put, anyone with a demat account can complete the KYC requirements in a bond platform and have them transferred to their demat account. With lower amounts, platforms are trying their hand at innovative products that they say reduce risk while offering higher payouts. Kreditbee, which makes loans to customers, noticed the appetite among retail investors. “Grip was a subscriber to one of our non-convertible debenture transactions and we realised there was appetite for such debt among retail investors as well,” says Vivek Veda, CFO at Kreditbee.

Securitised Debt Instruments

While buying and selling plain vanilla company bonds is the preferred offering of bond platforms, Grip Invest has innovated and offered securitised debt instruments to retail investors. These put the receivables from a particular asset into a single instrument and sell units to retail investors.

Sample this: The investor buys units in a security that has purchased cars of ride-hailing company BluSmart. The money earned by running the cars as taxis is packaged into a security and paid out to investors. The leased cars (brand new Tata Tigor vehicles) are hypothecated to the investor and the rentals flow into an escrow account from which money is paid out. Called LeaseX, these securities have a BB+ rating. This product has been on the market since September 2023 and offers a 14 percent yield.

The growing crop of personal loans has resulted in companies looking to raise capital against those assets. Recently, NBFC Navi put their personal loans into a security and offered those receivables to investors at a 9.5 percent yield.

Savvy investors like Shobhit Gupta, a manager at EY, are happy to do the research themselves and buy these products. Gupta says he is primarily a fixed income investor and found securitised debt instruments while researching for high-yielding fixed income assets. He has put in Rs40 lakh in them and likes the fact that every month he gets an interest payout as well as some portion of the principal as a payout reducing risk.

One point to note is that while these instruments are rated and come with all the standard disclaimer warnings, there is always a chance of a default. Grip says it has taken care of this by asking for security in excess of the price of the units as well as a first loss default guarantee. As Koushik explains, in one of the securities she bought that had pooled leased assets, Bigspoon, a cloud kitchen company, defaulted. Grip continued to provide them with updates and no payment was missed on account of the security the company had already mortgaged.

What’s in it for the companies? The ability to raise money from individual investors at more attractive rates. Often companies in the early part of their lifecycle find it hard to convince banks to lend to them. At Everest Fleet, a mobility company, the option was to raise some money from banks and to get in expensive equity capital for the rest. Instead, says Shivang Unadkat, co-founder, Everest Fleet, the company connected with Grip and became a part of two securitised debt instruments that yield 14 to 15 percent. Now, as the company has matured and has a BBB rating, it should be able to raise money at lower rates, says Unadkat.

Also read: Bonds play: FII money into Indian debt market fizzling out again

Online fixed income platforms

Online fixed income platforms differ from mutual funds as they offer investors the opportunity to pick and choose specific instruments. Grip offers government and corporate bonds as well as securitised debt instruments with rating rationals as well as information documents on their website. (All bond buying platforms are required to display these.)

Grip set up in 2020 has raised Rs100 crore from a clutch of investors, including Venture Highway, Anicut Capital and AvantEdge. Aakanksha Sharma of Venture Highway, who invested Rs20 crore in Grip in multiple rounds, points to the increased sophistication on retail investors in understanding that a fixed income-like portfolio can also offer higher returns.

So far, Grip has done Rs250 crore (with an average ticket size of Rs2.5 lakhs) in securitised debt instruments and sees the market for both bonds and SDIs growing rapidly in the coming years. Aggarwal of Grip points to online brokers like Zerodha and RKSV (now Upstox), who in their infancy, took time to scale up. The tipping point came when online KYC was allowed and demat account additions zoomed. With the minimum investment in corporate bonds reduced to Rs10,000, Aggarwal believes that the tipping point has been reached here as well.

Going forward, Aggarwal sees Grip as a ‘manufacturer’ of fixed income products like SDIs and hopes they have enough supply to cater to the increased demand for retail investors. Expect some distribution tie-ups as well. How far could this market go? “The fixed deposit market is $2.5 trillion. Even if 10 percent of this moves to bonds and SDIs, that’s a total size of $250 billion (Rs25,00,000 lakh crore) to play for,” says Aggarwal.

]]>
Thu, 30 May 2024 15:06:35 +0530 GMThttps://www.forbesindia.com//media/images/2024/May/img_235085_gripinvest_280x210_150x113.jpg<![CDATA[ Samar Srivastava ]]><![CDATA[ Samar Srivastava ]]>en-us
<![CDATA[ Forbes India | Leadership, Innovation, Billionaires, Startups, India's richest people, Business news ]]> (2024)

FAQs

Who is the no. 2 richest person in India? ›

Gautam Adani

Who is the No 1 money man in India? ›

Since 2008, Mukesh Ambani has been the richest Indian, with his wealth based in Reliance Industries.

Who is the richest in India in 2024? ›

Hurun India Rich List 2024: Top 10 Richest Indians
RankNameNet worth (in INR, crores)
1Gautam Adani & family1,161,800
2Mukesh Ambani & family1,014,700
3Shiv Nadar & family314,000
4Cyrus S Poonawalla & family289,800
6 more rows
Aug 29, 2024

Who is the richest man in India now? ›

1. Mukesh Ambani. Mr Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, is India's wealthiest individual. According to Reliance Industries's latest financial reports the company has a revenue of INR 1,000,122 Crore ($119.9 billion) in FY2024.

Who is considered rich in India? ›

A household income of above 30 LPA is generally considered rich in India as per many studies in this field.

Who is the richest 2 person in the world? ›

Top 10 richest people in the world
Name & RankNet Worth (in $ Billions)Country
#1 Elon Musk$243.7United States
#2 Jeff Bezos$197.0United States
#3 Bernard Arnault & family$189.4France
#4 Mark Zuckerberg$180.5United States
6 more rows
Sep 3, 2024

Who is 21 year old billionaire in India? ›

The 2024 Hurun India Rich List has revealed the youngest billionaires in India under 40, including Harshil Mathur and Shashank Kumar, founders of RazorPay who topped the list. Zepto Kaivalya Vohra's CEO and co-founder, Adit Palicha, become the youngest entrant to enter the list at the age of 21.

Who is the youngest billionaire in India all time? ›

Nikhil Kamath is India's youngest billionaire; Know about his career, education, and net worth. Check out who else is on Forbes' 2024 list.

When was India at its richest? ›

The Indian subcontinent, due to its large population, had one of the largest economy of any region in the world for most of the interval between the 1st and 18th centuries. Angus Maddison estimates that from 1-1000 AD India constituted roughly 30% of the world's Population and GDP.

Who is the richest Indian woman? ›

Women's Day 2024: Richest women in India and their net worth
  1. #1 Savitri Jindal. Net Worth: $29.1 billion.
  2. #2 Rohiqa Cyrus Mistry. Net Worth: $8.7 billion. ...
  3. #3 Rekha Jhunjhunwala. Net Worth: $8 billion. ...
  4. #4 Vinod Rai Gupta. Net Worth: $4.2 billion. ...
  5. #5 Smita Crishna-Godrej. ...
  6. #6 Leena Tiwari. ...
  7. #7 Falguni Nayar. ...
  8. #8 Anu Aga. ...
Mar 7, 2024

Who is the richest man in 2024? ›

As of September 1, 2024, the richest person in the world is Tesla and SpaceX CEO Elon Musk. He's worth $243.7 billion. He moved into the number one spot in late May 2024, overtaking Bernard Arnault of France.

Who is the richest man in Delhi? ›

Yusuff Ali to Delhi's Shiv Nadar and Pune's Cyrus Poonawalla: Richest persons from 13 different Indian cities.

How rich is Anant Ambani? ›

What is his net worth? As per various reports, Anant Ambani's net worth is estimated to be around $40 billion (approximately Rs 3,35,770 crore) as of 2024.

Who is the no. 1 richest person in the world? ›

2022
No.NameNet worth (USD)
1Elon Musk$219 billion
2Jeff Bezos$177 billion
3Bernard Arnault & family$158 billion
4Bill Gates$129 billion
6 more rows

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