Government’s Bold Step Towards Inclusive Growth and Economic Empowerment In a landmark move during the Union Budget 2025, Finance Minister Nirmala Sitharaman introduced a new scheme offering term loans of up to Rs 2 crore for first-time entrepreneurs, with a focus on women and individuals from Scheduled Caste (SC) and Scheduled Tribe (ST) communities. The initiative aims to empower 500,000 first-time borrowers over the next five years, marking a significant step toward India’s “Viksit Bharat” vision—one that seeks a nation free of poverty and thriving with economic opportunities. A Step Towards Financial Inclusion The new scheme reflects the government’s commitment to bridging…
Author: Startup Desk
Samsung shares hit a three-year high on Friday after the South Korean tech giant forecast a 15-fold increase in its second quarter operating profit from the same time last year, as the global artificial intelligence boom buoys demand for advanced computer chips. Key facts AI boom Samsung has not released much information on its expected second quarter takings but the impressive forecasts are most likely down to strong performance in its semiconductor unit. Samsung is one of the world’s largest computer chip manufacturers and booming demand for artificial intelligence has sent prices for chips skyrocketing, particularly high-end chips that can be used…
Crypto Market Shaken as Mt. Gox’s Repayment Process Triggers Sell-Off Bitcoin’s value plunged to its lowest level since February early on Friday, amid a broader cryptocurrency market sell-off. The decline is attributed to the defunct crypto exchange Mt. Gox initiating the repayment process to its creditors, sparking concerns of a potential liquidation surge. Key Facts: Key Background: On Friday, the administrators of Mt. Gox, which went bankrupt in 2014, announced the start of the creditor repayment process as per their “Rehabilitation Plan.” The repayments, expected to be staggered, will total approximately 140,000 Bitcoins (valued at $7.6 billion) and 143,000 Bitcoin…
Key Takeaways: In a rapidly evolving business landscape, the significance of empathy and mental health in leadership cannot be overstated. Anisha Padukone, CEO of The Live Love Laugh Foundation, and Dr. Shyam Bhat, a psychiatrist and chairperson on the foundation’s board of trustees, advocate for a profound shift in how business leaders approach their roles. They emphasize that investing in mental health and adopting a sense of spirituality is no longer optional but essential for sustainable success. Rising Burnout Levels Demand Action India, despite being a bright spot in the global economy, faces significant challenges, especially concerning employee burnout. A…
The superstar’s Gucci gown was all about celebrating the magic of New York City When it came time to choose what she would wear to the 77th annual Tony Awards on Sunday, Alicia Keys wanted to honor the city that has given her everything. To celebrate her first Broadway musical, Hell’s Kitchen, being nominated for a whopping 13 awards, including Best Musical, the Grammy-winning singer-songwriter wore a custom oxblood-red gown courtesy of Gucci. She paired the look with matching evening gloves and white gold Diamante earrings from Roberto Coin with guidance of her stylist Jason Bolden. According to Keys herself, the ensemble…