Business Today 24 December 2023

India is a country where nearly half the population consists of women. According to World Bank data from 2022, women constitute 48.4 per cent of India’s population. India has a woman President, a woman Finance Minister, a woman heading markets regulator Securities and Exchange Board of India, and the heads of the Competition Commission of India and even the Railway Board are women. Women are also playing critical roles in India’s space ambition. And yet, when viewed from a macro perspective, there’s still a lot of work to be done. But the good news is that things are changing. Today’s Indian woman is keen to break barriers and carve out her niche, and we are increasingly witnessing several such examples in the world of business in particular. Many women are…

SOURCE IREDA DRHP, CMIE ECONOMIC OUTLOOK 66 PER CENT The share of renewable energy the government is looking to achieve by 2032 in total installed capacity, compared to 42 per cent in July 2023 ₹24.43 LAKH CRORE The total outlay expected towards renewable capacity additions during FY23-FY32 25 TIMES Surge in the central government’s spending on new and renewable energy to ₹10,222 crore in FY24 (BE) from ₹395 crore in FY14…

18 PER CENT PROPORTION OF START-UPS OWNED BY WOMEN OF THE TOTAL 80,000 IN 2022, UP FROM 10 PER CENT OF THE ROUGHLY 6,000 IN 2017 35 PER CENT SHARE OF WOMEN IN THE START-UP WORKFORCE IN THE COUNTRY, COMPARED TO 19 PER CENT IN CORPORATES 6 WOMEN-LED START-UPS HAVE BECOME SOONICORNS IN 2023; THIS INCLUDES CBREX, GIVA, THE SOULED STORE, RECYKAL, ZYPP ELECTRIC AND MOBIKWIK SOURCE TRACXN AND WOMEN IN INDIA’S STARTUP ECOSYSTEM REPORT 2023 FUNDING TRICKLE IN THE PAST DECADE, 25 PER CENT OF WOMEN-LED START-UPS HAVE OBTAINED FUNDING *DATA TILL NOVEMBER 17, 2023 SOURCE TRACXN SHOW ME THE MONEY WOMEN-LED START-UPS RECEIVED FUNDING OF MORE THAN $1 BILLION FOR THE SIXTH CONSECUTIVE YEAR IN 2023 *DATA TILL NOVEMBER 17, 2023 SOURCE TRACXN UNICORN RIDERS SINCE 2008, AS MANY AS…

About Motwani Jadeja Foundation Motwani Jadeja Foundation is a non-profit, distributed, global venture fund (US 501c3), designed to transform entrepreneurial individuals into creative change makers. Their start-ups are a reflection of this ethos. Motwani Jadeja Foundation supports a global network of entrepreneurial thinkers, artists, writers and tech innovators driven by the values of individual freedom and excellence. Motwani Jadeja Foundation aims to support and empower entrepreneurs to enable exponential change! It is industry-agnostic and particularly cares about impact investing in education, the maker movement and women’s rights, primarily in South Asia. Based out of the Bay Area, NYC, and India, the foundation has a strong global footprint across various tech sectors and academia. Its background and network have deep roots throughout Google and Stanford, from where it develops opportunities that…

▶ THE ECONOMY SEEMS to be in better shape than anticipated. Growth prospects appear much brighter than earlier believed, and government finances are in better shape, with the fiscal deficit more manageable than expected. Official estimates for gross domestic product (GDP) growth in the July-September quarter of financial year 2023-24 (Q2FY24), that were released on November 30, reveal that the economy grew at 7.6 per cent year-on-year against 7.8 per cent in Q1. It was significantly higher than the Reserve Bank of India’s (RBI) estimate of 6.5 per cent. This growth was aided by a nine-quarter-high expansion in the manufacturing sector, of 13.9 per cent. The construction sector, too, grew by 13.3 per cent in Q2, while mining grew 10 per cent, and electricity and utilities clocked a similar 10.1…

▶ THE LAST FEW weeks have not been easy for Gautam Singhania, the 58-year-old Chairman and Managing Director of Raymond. A very public spat between him and his now estranged wife, Nawaz Modi Singhania, has not gone down well with the stock market, sparking a 14 per cent fall in share prices in November. The family battle has a professional angle, since Nawaz Modi is a non-executive director of Raymond. Singhania has requested privacy, but there are concerns. A recent note by proxy advisory firm Institutional Investor Advisory Services asks how “private” the lives of listed company CEOs ought to be. “A CEO’s divorce can affect the company in many ways. First, a divorce may impact the CEO’s efficiency. There is a growing body of work that suggests that family conflict…