From the industrial revolution to the dot-com era, the underpinning entrepreneurial ethos has consistently propelled advancements. This reorientation of perspective invites a nuanced exploration of the expansive history of startups, refuting the misconception that startup ventures, especially in technology, represent a recent phenomenon. Instead, they embody a dynamic and enduring force shaping the perpetual evolution of corporate landscapes and societal progress.
If you think that fintech in India started just few years ago, think again. For most of GenZ readers, it was actually before your birth! Today we know of stock market investments as easy as a few clicks on our phone.
The inception of the National Stock Exchange (NSE) in 1992, marked a watershed moment in the nation’s financial services sector. It was the first fintech moment in Indian financial services. This groundbreaking endeavour, driven by the visionary leadership of the then-newly formed Securities and Exchange Board of India (SEBI), heralded the advent of fintech in the world of finance. The NSE’s mission was clear: to dismantle the archaic, paper-based system that had long plagued the Indian stock markets and replace it with a transparent and technology-driven alternative.
At the time, the Bombay Stock Exchange (BSE) had been the epicentre of stock trading in India, but it was entangled in a web of nepotism and opacity, largely controlled by old wealth cartels. It had seen the stock market scam, which was essentially a banking scam. Harshad Mehta and others manipulated the banking system, while the narrative makes it to be a securities market issue.
Denne historien er fra February 10, 2024-utgaven av BW Businessworld.
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Denne historien er fra February 10, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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'Committed to helping India achieve carbon neutrality'
R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan
AN INDUSTR BENCHMAR
The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta
The drip of good health
IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.
"MACARONS FOR THE MASSES"
CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.
THE HOLY GRAIL OF PROFITABILITY
Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission
Shaping the Future of Cyber Risk Management
With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific
THE PILLAR OF A RESILIENT DIGITAL FUTURE
The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals
