Indian Businesses

"The scion of Indian industrialist royalty, Akash Ambani was always expected to rise in business. But he has been putting in hard work. Ambani was promoted in June to chairman of Jio, India's largest telecom company, with over 426  million subscribers, after being controversially handed a board seat at just 22.

Mintoak has built a modularised, cloud-native, API-first payments Platform-as-a-Service (PaaS) that allows their banking partners to deploy and rapidly scale value-added services (payments, lending, engagement) to their tens of millions of SME customers.

"Cumulative wealth has increased by 9.4 per cent, while average wealth has decreased by 1 per cent. 602 individuals saw their wealth increase or stay the same, of which 149 are new faces, whilst 415 saw their wealth drop and there were 50 dropouts," as per a statement issued by IIFL Wealth and Hurun India.

In India, the OCI is growing at 25 per cent quarter on quarter (QoQ) and the company has clocked double-digit growth across all lines of businesses, in some even triple digit, Kapil Makhija, Vice President - Technology Cloud Business, Oracle India, told IANS.

The annual compound growth rate in milk production during the first decade after independence was 1.64 per cent, which declined to 1.15 per cent during the 1960s. In 1950-51, per capita consumption of milk in the country was only 124 gram per day. By 1970, this figure had dropped to 107 gram per day, one of the lowest in the world and well below the minimum recommended nutritional standards.

These two risks were followed by the potential impact of rising interest rates and slower economic growth, Moody's said in a statement. "Given the supply chain disruptions, multinational corporations (MNCs) have indicated a rising intention to relocate more manufacturing away from China.

According to a report by Zendesk, 'exceptional' is what businesses must strive for when meeting customer expectations. However, just 17 per cent of Indian businesses are qualified as 'CX Champions' -- those considered the highest standard-bearers, indicating there are only a few organisations in India delivering exceptional customer services.

Elaborating on the subject, Dipan Mehta said the next set of multibaggers will come from concept stocks rather than mature businesses. He defined concept stocks as the ones where companies are doing something differently with a huge market and can be scaled up at a very low cost.

According to a Finance Ministry notification, 20 per cent export duty on rice in husk, husked rice and milled rice has been imposed which would be applicable from September 9. The move would help rein in prices of rice across the country. The decision to impose 20 per cent export duty on rice comes after wheat exports were banned in May.

According to the hospital medicos, Dr Anahita Pundole is suffering from pneumothorax and hip fracture, but her blood pressure is maintained and she is under observation. Her husband Darius Pundole has suffered bilateral jaw fractures with a displaced jaw causing airways obstruction. A surgeon has pulled out the jaw with with wire fixation and cleared the airway clear and he is also stable. The injured couple is being handled by a team comprising Dr Nita Warty, Dr Karl Vazifdar, Dr Mehli Nazir and others.