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A slew of Indian startups on Sunday hailed Prime Minister's National Startup Day initiative, saying that the commemoration will not only encourage the country's innovators and young entrepreneurs but also help boost global investors' confidence in their contribution to economic growth.
In a virtual meeting with over 160 leading startups on Saturday, Modi said that like small businesses, which are the spine of India's economy, startups are turning out to be the game changers. "We have played a small role in inspiring new-age founders to think beyond existing categories and take up challenges that solve real social problems, even if it requires creating a new category altogether. 'Businesses with a cause' is critical to continue writing the great Indian startup story," Chitresh Sharma, CEO and Co-founder of fintech platform Refyne, told IANS.
Modi said that like small businesses, which are the spine of India's economy, startups are turning out to be the game changers. | Photo by Per Lööv on Unsplash
"Indian startups have been on a rapid growth trajectory and will continue to gain investor confidence across the globe as is visible in the influx of investments seen lately," Sharma added. India produced 46 unicorns (companies with over $1 billion valuation) in 2021. Harvard University professor Viney Sawhney, an expert in private equity, venture capital (VC) and investment banking, described the Indian venture capital (VC) scene as stunning.
"India is not a new territory for the US-based VC investors. The country has seen a dramatic escalation in dollar terms that has been invested in the last year-and-a-half. The growth doubled as far as unicorn count is concerned and that I think has spurred and attracted a lot of attention here in the US," he said on Saturday during a fireside chat organised by Agility Ventures, one of the leading angel investors networks in the country. Professor Sawhney informed that India had surpassed a record level of investments in the year 2021, touching an all-time high of almost about $42 billion.
2022 is going to be a golden year for unicorns and we hope to create 100 plus more unicorns this year. | Photo by Jason Goodman on Unsplash
"India deserves to get a lot more than $42-billion in the VC space. The potential for India is simply stunning and we have not even scratched the surface as yet of what is yet to come," he noted. Agility Ventures said it has received approvals from the Securities and Exchange Board of India (SEBI) for an angel fund with a total corpus Rs 450 crore ($60 million). Nirmit Parikh, CEO and Founder of leading jobs and professional networking platform apna.co, said that the entire nation is celebrating the innovations brought by startups. "We are certain that India will become the innovation capital of the world in the next few years," he told IANS.
According to Nirmit Parikh, CEO and Founder of leading job and professional networking platform apna.co, the nation is celebrating startup innovations. | Photo by Isaac Smith on Unsplash
Sachin Chopra, Co-Founder and CEO of lifestyle and sustainable mobility brand, Ninety One, said that the move will help emerging entrepreneurs in the digital space, e-commerce and innovative business ideas across sectors. According to Shruti Aggarwal, Co-founder of fintech platform Stashfin, the National Startup Day is a testimony of the government's focus on supporting the startup ecosystem. "2022 is going to be a golden year for unicorns and we hope to create 100 plus more unicorns this year. This decade is pegged to be 'techade' as well as 'Fintechade' and we must celebrate the achievements and power of the new-age startups," she said. (IANS/ MBI)
(Keywords: India, business, Modi, startups, unicorns, capital, investors, growth, platform, founders)
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Cities contribute 80 per cent to global GDP -- but they also account for 75 per cent of global greenhouse gas emissions. Integrating nature-positive solutions can help protect cities from growing risks associated with extreme weather while driving sustainable economic growth. In collaboration with the Alexander von Humboldt Institute and the government of Colombia, the World Economic Forum's BiodiverCities by 2030 Initiative published a report addressing the urgency of cities' untenable relationship with nature.
Also Read : The Glass City of India
The initiative's goal is to reverse this existential global threat and move forward with a plan that will result in cities and nature co-existing in harmony by the end of the decade. The report is a call for multi stakeholder action to integrate nature as infrastructure into the built environment. In making the economic case for BiodiverCities, Nature-based Solutions (NbS) for infrastructure and land-sparing are found to be cost-effective ways for cities to innovate and meet current challenges. Spending $583 billion on NbS for infrastructure and on interventions that release land to nature could create more than 59 million jobs by 2030, including 21 million livelihood-enhancing jobs dedicated to restoring and protecting natural ecosystems.
Cities contribute 80 per cent to global GDP.Unsplash
"In the conventional paradigm, urban development and environmental health are like oil and water," said Akanksha Khatri, Head of Nature and Biodiversity, World Economic Forum. "This report shows that this does not have to be the case. Nature can be the backbone of urban development. By recognizing cities as living systems, we can support conditions for the health of people, planet and economy in urban areas." The report finds that by incentivizing investments in natural capital, cities can unlock the benefits of nature. Nature-based solutions are on average 50 per cent more cost-effective than man-made alternatives and deliver 28 per cent more added value.
This capitalization, in turn, instils and nurtures nature-positive values and fosters bio-inspired innovations that will ultimately optimize economic competitiveness and prosperity. "As cities think about building for the post-pandemic future, they have a priority to provide their citizens with a more equitable and prosperous quality of life by protecting their natural resources," said Mauricio Rodas, Co-Chair of the Global Commission on BiodiverCities by 2030 and former mayor of Quito, Ecuador. "In this report, we offer actionable solutions to heal the relationship between cities and nature. We need all stakeholders to invest in urban nature."
They also account for 75 per cent of global greenhouse gas emissions. Unsplash
"Cities don't need to be concrete jungles in conflict with nature in and outside their boundaries," said Jo da Silva, Arup Global Sustainable Development Leader. "They should be places where all people and nature co-exist and thrive together. Nature-based solutions offer wider benefits than traditional engineered agrey' solutions -- such as improving resilience, increasing citizens' health and wellbeing and moving cities to net zero. "Using powerful new digital mapping tools to help us understand cities as complex systems, we are increasingly adopting nature-based solutions in our projects -- this needs to be accelerated on a global scale." (IANS/SP)
(Keywords : city, contribute, global, GDP, emissions, weather, economy, greenhouse, gas, growth, threat, nature, environment, ecosystem, capitalization, development, innovation, quality, resources.)
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Ravencoin and HUH Token have made announcements over the last few days and weeks. Ravencoin holders are interested in the reward halving that is happening soon. This news has caused an increase in market value for Ravencoin. HUH Token has officially become a multi-chain token. This means HUH Token is now available on more than one blockchain and is more accessible to a broader group of people. This increases exposure for the token as many using different blockchains will be able to discover the token.
Ravencoin is a digital peer to peer network and allows instant payments worldwide. The growing developer community in Ravencoin can utilize their technology and create digital assets. Ravencoin used Bitcoin as their base but differentiated themselves by increasing their supply and rewarding more tokens as a result of mining. Additionally, Ravencoin’s block time is meant to be much faster than that of Bitcoin.
Ravencoin had seen its price increase in the past few days and has been a rewarding process for those who purchased just before their latest news was announced. The increase in purchasing could directly result from their statement that their reward system is going to be halved. Reducing the number of rewards that are received will decrease the supply of the token, and therefore, Ravencoin should raise in price in theory. Investors will be waiting patiently to see if this proves true in the coming weeks.
HUH Token is a token that aims to make many individuals affluent through its smart contract features. HUH Token states that anyone can do this by using their token. Furthermore, it features a referral system that generates Binance Coin as a reward. Finally, its static reflection system will increase the number of tokens owned as more people make transactions using the token. This combination of factors has led to many rewards being generated for the HUH Token community, otherwise known as HUH Nation.
HUH Token was released in late December 2021 and has not been available for a vast amount of time and saw an incredible increase in price shortly after release. After an adjustment period, the token is expected to increase as its creators release more information regarding their future projects. Their wider goal is to release a social platform that is rewarding for all users, especially content creators or social influencers. Given the direction of the online world, it is reasonable to assume that this project could find success.
HUH Token’s most recent announcement shared with the crypto world that they are now available on UniSwap. As HUH Token was first released on the Binance smartchain, this update means that HUH Token is now a multi-chain token. Increasing the availability of the token and ease of purchase will give many more people the opportunity to join their project. As the token becomes available on more exchanges and is listed on more websites, the popularity and likely the price of the token will increase alongside it.
Ravencoin and HUH Token are seeing a positive start to the year with their most recent announcements. Ravencoin could see a small potential growth after halving rewards and could sell at the new high price. Only time will tell. As HUH Token is new, they are releasing more information as time goes on. If the community responds positively to these announcements, HUH Token could benefit those who joined at their low price point.
Learn More About HUH Token Here:
HUH Official Swap: https://swap.huh.social/
Disclaimer: (This article is sponsored and includes some commercial links)
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By Animesh Deb and Venkatachari Jagannathan
After facing a body blow due to pandemic, the real estate sector seems to have come out of the woods lately and the growth momentum in the realty space is expected to continue in 2022. Among various segments, residential space saw a huge uptick in 2021.
"The year 2021 was a watershed moment for India's real estate sector. Even when the going was tough, the sector not only remained resilient but also emerged stronger than expected," said Ramesh Nair, CEO, India and Managing Director, Market Development, Asia at Colliers, a global real estate consultancy.
The consultancy expects 2022 to be even better for the realty sector, even if it is marred by the new Covid-19 variant - Omicron. "We have now learned to live with uncertainty. Gross absorption in 2022 should be about 15-20 per cent higher than this year as occupier confidence is back in the market," Nair said. The residential segment has witnessed green shoots of recovery and is expected to gain further momentum in 2022.
"The residential segment is expected to reach pre-Covid quarterly sales volumes in 2022 and given the strong momentum may also match the pre-demonetization quarterly sales in the latter half of 2022," said Samantak Das, Chief Economist and Head of Research and REIS (India) at real estate consultancy firm JLL.
people are going in for bigger apartments Jason Briscoe / Unsplash
Besides, industrial and warehousing are expected to strengthen in 2022 aided by strong business fundamentals. Further, investment in life sciences and data centres businesses are also gaining traction. "New projects are coming up. One of the trends is that people are going in for bigger apartments than what they earlier had following the work-from-home norm since the Covid-19 pandemic struck India in 2020," said T.Chitty Babu, Chairman and CEO, Akshaya.
"Earlier people had spent most part of their day in the office or college or school. And when home turned into office, college and school they found their existing dwelling small and are now upgrading." On the manpower utilization post Covid-19-led lockdowns, Babu said with migrant workers going back to their native places, the real estate players have learnt to carry on with their project with lesser hands. Furthermore, in 2022, Mumbai, Bengaluru and Hyderabad are expected to lead India's residential real estate recovery, said online real estate seller Housing.com.
Notably, home purchases have picked on the back of record low home loan interest rates and higher affordability driven by stable real estate prices. "… the tier-II cities like Surat, Jaipur and Patna are the ones that have recorded the highest increase in online property search volume in 2021," Housing.com said in a statement.
record low home loan interest rates Tierra Mallorca / Unsplash
In recent times, retail demand has skyrocketed and changed the pattern from investor to end-user driven market. "Some pockets that witnessed infrastructural announcements in 2021, like the area around Noida International Airport, will be on the radar of investors and buyers. The trend of bigger and smart homes, luxury features, and increased demand for plots that started in 2021 will carry forward to 2022," said Manoj Gaur, CMD, Gaurs Group and Vice President - North, CREDAI National.
Segment-wise, the office space sector is expected to perform better in 2022. It is likely to clock a 30-35 per cent growth YoY. Especially, the data centre business is moving northwards. With increasing talks of data protection and safety measures, investments in data centres are going to give a structural push to the real estate industry.
"…rollout of 5G, ever-rising digital usage, increasing footprint of global data centre operators and cloud players would usher in another high growth year for the Indian data centre industry in 2022," JLL said. After two long years of working from home, the trend of working from offices too is expected to pick up in 2022. "…as office resumption picks up, it is expected to translate into healthy traction in new leasing activity, as the underlying demand potential from occupiers, who are mainly IT or ITES and global MNC companies, is estimated to remain strong," rating agency ICRA said.
the office space sector is expected to perform better in 2022Austin Distel / Unsplash
According to Nitin Gupta - President- Sales, Marketing, CRM (Head) at Mantra Properties and Developers: "Lately IT sector in India has been into aggressive hiring, which will play an important role in income." "This has led to increased demand in commercial space, this has led towards increased requirement for boutique offices creating a flexible environment. Hence this will lead to increased demand for commercial spaces."
For residential space, Gupta expects a rise of eight-to-ten per cent in capital value in the year 2022. Furthermore, commercial spaces such as retail malls have witnessed a faster recovery in cash flows after the second wave, compared to the recovery after the first wave of the Covid-19 pandemic, driven by faster relaxation in the restrictions and improved vaccination coverage.
Cyrus Mody, Managing Partner at Viceroy Properties said home sales and new launches are showing improvement which in turn indicates a turnaround in the real estate sector after undergoing dramatic structural changes followed by severe lockdowns during the two Covid-19 outbreaks. "The stamp duty benefit announced by the government of Maharashtra encouraged fence sitters to invest in residential real estate resulting in historic sales numbers," he added.
Maharashtra government reportedly reduced the stamp duty on property registrations Unsplash
In a bid to provide a boost to the realty sector, the Maharashtra government reportedly reduced the stamp duty on property registrations during September to December in 2020 and January to March in 2021. The other thing in which people have now become more aware is about green and sustainable buildings.
"The Covid-19 has created awareness about green buildings. India is the second largest market for us with about 3,800 projects participating and about 2,500 projects getting 'LEED' certified," said P.Gopalakrishnan, Managing Director, Asia Pacific & Middle East Markets, US Green Building Council. According to Gopalakrishnan, the participating projects include new buildings under construction as well as existing buildings that are carrying necessary additions, modifications to get certified. Gopalakrishnan said, educational institutions, hotels, office buildings and others are also now looking at green certification. (IANS/SP)
(Keywords : pandemic, real estate, growth, momentum, residential, uncertainty, recovery, industrial, warehousing, business, investment, traction, apartment, manpower, Mumbai, Bengaluru, Hyderabad, purchase, Surat, Jaipur, Patna, commercial, turnaround, lockdown, boost.)
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