"My brother has committed suicide, I think," said a familiar voice on a phone call in the early morning.
"Oh god, what happened?" I asked.
"He had pledged our family home to a bank to borrow money for his startup and then he couldn't repay the loan. So, the bank possessed the home and has asked all our family members, including our old grandparents, to vacate it... and they have nowhere else to go! I think that's why he has swallowed some pills and is not waking up today!"
I was so shocked that I found myself speechless; mercifully, my friend disconnected the phone, leaving me in a deep reverie. I, like most others in today's world, look at startups as the solution to all modern economic challenges: Create quality jobs, grow the economy, protect our economy from foreign tech marauders... the list of our expectations from startups is never-ending.
The government has jumped in equally enthusiastically: Its Startup India Mission in 2022-23 saw nearly 23,000 units getting registered and statistics for the current year indicate even more are registering. In addition, practically every IIT (Indian Institute of Technology) and IIM (Indian Institute of Management) and similar educational institutions have launched their own startup centres! We, Indians, have caught the startup fever!
Denne historien er fra November 04, 2024-utgaven av Business Standard.
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Denne historien er fra November 04, 2024-utgaven av Business Standard.
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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Supreme Industries stock slips on weak Q2 showing
Brokerages cut earnings estimates after firm disappointed the Street
Dabur stock fall may provide entry to long-term investors
Dabur's performance in the July-September quarter of the current financial year (Q2FY25) was weak but in line with consensus. Consolidated revenue declined 5 per cent year-on-year (Y-o-Y) due to a temporary adjustment in General Trade (GT) inventory.
Capital markets' boom drives NSE Q2 PAT up 57% at ₹3.14K crore
The National Stock Exchange (NSE) reported a 57 per cent year-on-year (Y-o-Y) jump in consolidated net profit to ₹3,137 crore during the quarter ended September 2024 (Q2 FY25) amid a boom in the capital markets.
Sebi directs Embassy Reit to suspend CEO Aravind Maiya
The Securities and Exchange Board of India (Sebi) on Monday directed Embassy Office Parks Management Services, manager to the Embassy Real Estate Investment Trust (Reit), to suspend its chief executive officer Aravind Maiya for lapses in the \"fit and proper\" criteria.
Quant MF expects market correction to pave the way for risk-on phase
The recent downturn in the equity market may see a reversal once the US elections are over, according to Quant Mutual Fund, which emphasizes that the last month's correction should be seen as an opportunity to build more resilient and rewarding portfolios.
Mid, smallcap bounceback may be a distant dream
Analysts believe markets lack positive triggers for an immediate turnaround amid looming US polls
Sebi allows MFs to invest in overseas schemes with India exposure
The Securities and Exchange Board of India (Sebi) has allowed mutual funds (MFs) to invest in overseas funds and unit trusts (UTs) that have up to 25 per cent exposure to Indian equities.
Worst not over yet? Mkt selloff may continue amid headwinds
Technical charts suggest Sensex can slide to 72,000 levels in the worst-case scenario
New York Times beats estimates as digital subscriber count grows
New York Times Co reported third-quarter earnings that beat analysts' expectations, as the company saw an increase in its subscriber count in the months leading up to the 2024 Presidential Election.
Pak blames 'winds from India' as Lahore AQI hits record high
Ministers in Pakistan's Punjab province on Monday blamed winds from India for worsening the smog, urging the Indian authorities to take the matter seriously, after the air quality index (AQI) in Lahore hit a record high over the weekend.
