Tag: Business

Surat (Gujarat) [India], February 5: India’s Union Budget for 2025, presented by Finance Minister Nirmala Sitharaman, introduces significant measures aimed at bolstering the startup ecosystem, enhancing rural health and hygiene, advancing skill development, and providing substantial tax relief to taxpayers.

Startup Ecosystem Enhancement

In a landmark move, the government has abolished the ‘angel tax’ on investors funding startups. This tax, introduced in 2012 to curb money laundering, had been a significant hurdle for early-stage companies and their investors. Its removal is expected to stimulate innovation and attract more investment into India’s burgeoning startup ecosystem.

Additionally, the budget proposes the establishment of a Fund of Funds for startups, with a government contribution of ₹10,000 crore. This initiative aims to provide financial support and encourage entrepreneurial activities across the country.

Rural Health, Hygiene, and Skill Development

The budget places a strong emphasis on rural development, particularly in health, hygiene, and skill empowerment. A six-year mission to boost pulses output and a five-year mission for cotton production have been announced, aiming to enhance agricultural productivity and support farmers.

To address skill development, the government plans to establish five national skilling centers to enhance skilled manpower for manufacturing. These centers will focus on equipping the rural workforce with the necessary skills to participate in and benefit from the manufacturing sector’s growth.

Taxpayer Benefits

In a significant relief for the middle class, the budget raises the threshold of the nil tax slab for income tax payers to ₹12 lakh per annum. For salaried taxpayers, this threshold is effectively ₹12.75 lakh, considering the standard deduction. The revised tax slabs are as follows:

1. Income up to ₹4 lakh: Nil
2. ₹4 lakh to ₹8 lakh: 5%
3. ₹8 lakh to ₹12 lakh: 10%
4. ₹12 lakh to ₹16 lakh: 15%
5. ₹16 lakh to ₹20 lakh: 20%
6. ₹20 lakh to ₹24 lakh: 25%
7. Above ₹24 lakh: 30%

This restructuring is expected to boost consumer demand by increasing disposable incomes.

Conclusion

The Union Budget 2025 reflects the government’s commitment to fostering a conducive environment for startups, improving rural health and skill development, and providing substantial tax relief to taxpayers. These measures are anticipated to stimulate economic growth, enhance the quality of life in rural areas, and empower individuals through skill development initiatives.

Disclaimer: Views expressed above are the author’s own.

New Delhi [India], February 05: As the world evolves, certain individuals emerge as visionaries, disruptors, and leaders. These top 10 personalities from diverse fields—entrepreneurship, fitness, digital finance, entertainment, wellness, and media—are shaping industries, inspiring millions, and redefining what it means to lead in the modern age.

1. Ranveer Allahbadia: Redefining Content Creation and EntrepreneurshipRanveer Allahbadia, better known as BeerBiceps, is a trailblazer in the world of digital content and entrepreneurship. As the co-founder of Monk Entertainment, Level Supermind, Raaaz India, and BeerBiceps Skillhouse, Ranveer has built an empire that supports content creators, brands, and individuals in exploring their potential. His popular podcast, The Ranveer Show on Spotify, is a treasure trove of deep conversations with leading figures from various industries, ranging from business moguls to spiritual leaders.

Beyond podcasting, Ranveer’s YouTube channel delivers diverse content on fitness, fashion, finance, motivation, and self-development, inspiring millions of viewers worldwide. Through BeerBiceps Skillhouse, he is empowering the next generation of podcasters, demonstrating the transformative power of authentic storytelling.

Contribution: Teaching podcasting through BeerBiceps Skillhouse.

2. Yash Vardhan Swami: Revolutionizing Health and FitnessYash Vardhan Swami, the founder of TrainedByYVS, is at the forefront of fitness innovation, combining physical wellness with mental health. His unique approach focuses on sustainable lifestyles and mindset transformation, making fitness accessible and achievable for people from all walks of life.

Having mentored over 200 fitness coaches, Yash has created a ripple effect in the industry, empowering professionals to make a difference. His goal of impacting one million lives by 2025 is fueled by his dedication to science-backed fitness solutions, helping individuals achieve long-term health and happiness.

3. Arun Pandit: A Modern Visionary in Astrology and NumerologyArun Pandit, widely recognized as Astro Arun Pandit, is a Gold Medalist astrologer who has revolutionized traditional practices by integrating them with modern scientific approaches. Pandit’s expertise spans astrology, numerology, and Vastu, offering innovative solutions to contemporary challenges. His dedication to preserving ancient sciences while adapting them for modern audiences has earned him a global following.

Beyond his work in astrology, Pandit is a philanthropist, using his platform to support various social causes. His entrepreneurial journey is driven by a vision to make these ancient practices accessible and practical, empowering individuals to harness their potential.

Contribution: Teaching courses like Vastu, Astrology, and Numerology.

4. Honey Singh: A Global Music IconHoney Singh, known as Yo Yo Honey Singh, has redefined the music scene by blending Punjabi rhythms with contemporary beats. His journey from a session musician to a Bollywood sensation has made him an international star. His hits like Angreji Beat and Lungi Dance have dominated the music charts, earning him a place in global pop culture.

Despite facing personal challenges, including health issues and a publicized case, Singh remains a resilient figure, using his platform to raise awareness about mental health. As of 2025, he continues to be a dominant force in the music world, blending traditional and modern styles, and cementing his legacy as a cultural ambassador.

5. Jeet Shah: The Digital Marketing EducatorJeet Shah’s rise from a food delivery executive to a successful entrepreneur is a testament to his grit and determination. As the founder of Simpex School Private Limited, Jeet has trained over 100,000 individuals in digital marketing, providing them with tools to build successful careers.

Jeet’s educational initiatives extend beyond the classroom, with his YouTube channel and book, Coaching King, serving as valuable resources for aspiring entrepreneurs. His commitment to making digital skills accessible has positioned him as a leader in India’s growing digital economy.

6. Samay Raina: The Chess EntertainerSamay Raina has redefined chess as a mainstream entertainment form. His live streams featuring international grandmasters have brought the game closer to millions, making it fun and engaging for younger audiences.

Beyond chess, Samay’s comedy shows and online presence showcase his versatility as an entertainer. His ability to blend intellectual pursuits with humor has made him a unique figure in the entertainment industry, paving the way for a new genre of content.

7. Deepinder Goyal: Revolutionizing the Food Industry with ZomatoDeepinder Goyal, the visionary founder and CEO of Zomato, has transformed the food delivery landscape not just in India but globally. Under his leadership, Zomato has become a household name, offering innovative solutions like hyperlocal delivery and subscription-based dining services.

Goyal’s focus on sustainability has led to initiatives aimed at reducing food waste and promoting eco-friendly packaging. His customer-first approach and relentless drive for innovation have positioned Zomato as a pioneer in the food tech industry.

8. Smitaa Nair: Smitaa Nair’s journey is a powerful testament to perseverance and resilience. From battling personal struggles to founding Phoenix Vision Strategies, she has empowered over 90,000 people across 14 countries. With 15+ years of experience in business coaching, sales, and mindset development.

Smitaa helps entrepreneurs and startups break barriers and achieve success. Her story, shaped by overcoming depression and societal expectations, fuels her passion for guiding others. Through personalized coaching, workshops, and her book The Whole Pie, she continues to inspire transformation, teaching individuals to embrace a holistic approach to success and reach their full potential.

9. Hariram Rinwa: Reviving Ayurveda for Modern AudiencesHariram Rinwa, the founder of Ayubal Wellness and Ashpveda, is redefining Ayurveda with a modern twist. His entrepreneurial journey began in Rajasthan, where he combined traditional Ayurvedic knowledge with innovative practices to create premium health and wellness solutions.

Rinwa’s dedication to quality and authenticity has earned his brands a loyal customer base, both in India and abroad. His mission to make Ayurveda relevant for contemporary lifestyles is a shining example of how ancient wisdom can address modern challenges.

10. Sameer Satyarth: A Young Visionary in Public RelationsSameer Satyarth, the founder of Fox Wing Media LLP, began his entrepreneurial journey at just 14. Today, he is one of India’s top certified public relations professionals, offering services across 195+ countries. His company specializes in branding and media strategies, setting new benchmarks in the PR industry.

Sameer’s innovative approach to public relations has earned him widespread recognition. His dedication to excellence and his ability to adapt to the evolving needs of the digital age make him a force to be reckoned with in 2025.

These trailblazers exemplify the qualities of resilience, innovation, and leadership. As they continue to break barriers and inspire millions, their stories serve as a reminder that the future belongs to those who dare to dream big.

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Rajkot (Gujarat) [India], February 05: Ultracab (India) Limited (BSE: 538706), a leading manufacturer and exporter of electric wires and cables, has won an order of Rs. 51.06 crore from the Maharashtra State Electricity Distribution Company Limited (MSEDCL).

The order is for the supply of LT XLPE cables of various sizes and will be completed by June 2025.

Nitesh Vaghasiya, Chairman & Managing Director of Ultracab (India) Limited, said, “This order by Maharashtra State Electricity Distribution Company Limited is a significant win for us and reflects the trust our customers have in our products. We are thankful to MSEDCL and look forward to completing the order on time.”

Founded in 2007, Ultracab is a Gujarat-based manufacturer and exporter of high-quality electric wires and cables, serving domestic, industrial, solar and elevator applications. Renowned for reliability, the company leverages advanced technology and rigorous quality control to ensure superior products. Its diverse portfolio includes domestic cables (house wires, PVC/XLPE power cables), international cables (auto cables, welding cables), and specialised cables (super flat, elevator and solar cables).

Key Highlights:

• Ultracab (India) Limited has won a Rs. 51.06 crore order from Maharashtra State Electricity Distribution Company Limited (MSEDCL).
• The order is expected to be completed by June 2025.
• Ultracab’s shares saw a nearly 4% rise, reaching Rs. 15.55, with an intraday high of Rs. 17.52 with high volume. Market cap reached Rs. 201.80 crore.
• Revenue increased by 159.5% to Rs. 57.24 crore, and profit increased by 64.6% to Rs. 2.70 crore compared to the same quarter last year.
• A Rs. 4,981 lakh Rights Issue is currently open for subscription, closing on February 11.

Ultracab’s clients include leading corporates like Tata Group, Adani Group, Jindal Group, Vedanta Group, and various public sector undertakings such as the Indian Railways, Engineers India, Power Grid Corporation, SAIL, Bharat Petroleum, Mangalore Refinery and Petroleum, Nuclear Power Corporation of India Limited, Bharat Heavy Electricals Limited, and more.

Ultracab has a state-of-the-art manufacturing facility at Shapar in Rajkot and remains committed to excellence and innovation in the cable industry. In addition to India, the company’s products are also sold in the US, the UK, UAE, Africa, Singapore, South Korea, Vietnam, Belgium, Uganda, etc.

MSEDCL is one of the largest power distribution companies in India and serves more than 2.70 crore customers throughout Maharashtra and a few suburbs of Mumbai city.

Ultracab’s shares were trading at Rs. 15.55 on Wednesday, up by nearly 4% over the previous close of Rs. 14.99. The shares touched a high of Rs. 17.52 in intraday trades. The company’s market cap rose to Rs. 201.80 crore.

Ultracab recently reported robust numbers for the third quarter of the financial year 2024-25. Its revenue was up by 159.5% to Rs. 57.24 crore in the December 2024 quarter as against Rs. 22.05 crore in the same quarter of the previous year. Profit for the quarter was Rs. 2.70 crore, an increase of 64.6% over Rs. 1.64 crore in the same quarter last year. The company’s Rights Issue of Rs. 4,981 lakh is open for subscription and will close on February 11.

Ultracab (India) Limited:

Founded in 2007, Ultracab (India) Limited, based in Rajkot, Gujarat, is a leading manufacturer and exporter of high-quality electric wires and cables. The company offers a wide range of products, including domestic, international, and specialized cables. With a state-of-the-art manufacturing facility and a commitment to innovation and quality, Ultracab serves industries across India and globally, including markets in the UK, UAE, and Africa.

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New Delhi [India], February 4: The wait is over, and the numbers are in. Finance Minister Nirmala Sitharaman has presented the Union Budget 2025, and now the real analysis begins. Across boardrooms and startup hubs, industry leaders are dissecting the budget’s details, assessing its potential to shape the economic landscape. Here’s a snapshot of what some of the most influential voices in business are saying about the budget’s promises and potential pitfalls.

 Harsh Goenka, Chairman, RPG Group

Just like the men in blue, FM Sitharaman has announced a Champions budget that Deep(ly) Seeks to institute structural reforms, Trump’s consumption woes, putting money in the hands of the middle class. India does a ‘shahi snan’, cleansing itself from structural issues and transforming towards a truly Viksit Bharat.

Dilip Oommen, CEO of ArcelorMittal Nippon Steel India (AM/NS India)

The Union Budget sets a bold course for an ‘Atmanirbhar Bharat’, demonstrating the Government’s commitment to sustainable growth under the Viksit Bharat@2047 agenda. With ₹11.21 lakh crore allocated for capital expenditure, the focus on infrastructure will stimulate growth, especially in the steel sector. Actual spending from the committed outlay within the financial year will set the tone for immediate and future economic growth.

The overall focus on renewable energy is a commendable step. The additional focus on Nuclear Energy, with a target of 100 GW by 2047, is a decisive step in India’s green energy transition. This will help drive the country’s green transformation and the steel industry.

The steel sector also stands to benefit from indigenous shipbuilding and marine development projects and enhanced credit availability for MSMEs, which will give them access to financing for businesses involved in the construction and manufacturing sectors.

 CA Harishankar Tosniwal, Managing Partner, H Tosniwal & Co.

The budget focuses on rural development under the vision of “Vikshit Bharat” and provides significant relief to the middle class. Investor participation has increased by 33%, with mutual fund investors rising from 2.9 crore in 2021 to 5.6 crore in December 2024. MSMEs benefit from increased turnover and capital investment limits. The extension of startups’ eligibility for benefits to 2030 fosters innovation. Simplified TDS and TCS provisions are indicative of a straightforward Income Tax Bill. Overall, this budget drives economic growth, fosters innovation, and strengthens India’s financial landscape for a prosperous future. I see this as an uplifting budget for our country; India has been growing, and it’s time to outgrow it.

Pallavi Jha, Chairperson & MD, Walchand PeopleFirst and Dale Carnegie India

“The FY25 Union Budget focuses ambitiously on energy, skilling, and employment, with a Rs 500 crore allocation for Centres of Excellence to address rising unemployment. However, this funding remains insufficient to meet the needs of India’s large demographic dividend. The sluggish uptake of existing programs like the PM Internship Scheme highlights the critical need for structural reforms to drive implementation and quality assurance and prevent creating another layer of mediocre training providers. While the focus on agriculture and manufacturing aligns with India’s long-term growth imperatives, these interventions risk becoming short-term electoral gestures rather than solutions to deep-rooted structural challenges.

Malavika Kaura Saxena, CMO, Rusan Pharma

The scale-up of Cancer Care centres in Budget 2025 is a transformative step toward improving accessibility and easing the burden on overstretched healthcare infrastructure. We urge policymakers to ensure these centres integrate pain management and palliative care, which are critical to holistic cancer treatment. The tax exemptions for life-saving drugs and rare disease therapies are a move in the right direction, as they will enhance affordability and availability for patients. These measures align with Rusan’s mission to prioritize patient-centric, accessible healthcare solutions. Rusan Pharma remains committed to supporting initiatives that bridge gaps and foster equitable health outcomes.

Rajesh Bharatiya, CEO, Peoplefy

In the Union Budget 2025, the Finance Minister announced the creation of a national framework to promote Global Capability Centres in Tier II cities. This is a much-needed and welcome move that will facilitate the necessary infrastructure development and employment generation in these cities. A large number of global companies have yet to establish such capability centres. Our central and state governments will continue to take a proactive approach to bring them to India. As of 2024, India has over 1,700 employees, and it employs nearly 1.9 million professionals. The GCC sector can easily add another 5 lakh jobs in India in the next 2-3 years.

Prateek Tosniwal, Partner at MICS International, Founder at IVY Growth Associates

The 2025 budget is a multi-pronged approach to boosting India’s economy and empowering its citizens. Abolishing the ‘angel tax’ and creating a Rs 10,000 crore Fund of Funds will ignite the startup ecosystem. Simultaneously, missions for pulses and cotton, along with five new skilling centres, demonstrate a commitment to rural development and workforce enhancement. Substantial tax relief, with the nil tax slab raised to Rs 2 lakh, puts more money in the hands of taxpayers, fueling consumption. These measures, focusing on innovation, agriculture, skills, and tax relief, aim to drive sustainable growth and improve the lives of all Indians.

Dr. Manish Doshi, Founder & MD, Concept Medical Group of Companies

The Union Budget 2025 marks a significant step towards strengthening India’s healthcare ecosystem, particularly for the Medtech, medical device, and pharmaceutical industries. The government’s decision to exempt 36 life-saving drugs from basic customs duty and bring six essential medicines under a concessional 5% duty is a commendable move, ensuring affordability and accessibility of critical therapies for millions. This will not only ease the financial burden on patients but also encourage the domestic manufacturing of advanced medical solutions.

Furthermore, the initiative to establish National Centers of Excellence for Skilling in collaboration with global experts is a visionary approach. In an era where technology-driven healthcare is rapidly evolving, a skilled workforce is crucial. By addressing industry challenges such as staff burnout and caregiver shortages, these centres will help bridge the talent gap, fostering a more sustainable healthcare system. Combined with incentives for research and development, these measures will undoubtedly propel India towards becoming a global leader in medical innovation and self-reliance in healthcare technology.

At Concept Medical, we welcome these progressive policies that align with our mission of pioneering transformative medical technologies. With a well-balanced focus on accessibility, affordability, and innovation, this budget is a major leap forward in shaping a robust Medtech and pharma landscape for the future.

Manan Choksi, CEO, Udgam Consultancy

Connecting all Govt schools with Broadband, 50,000 Atal Tinkering Labs, and an outlay of Rs. 500 Cr for AI COE is welcome. Smart classes will be cheaper thanks to a reduction in duty on LED components. Overall, it is a great budget for education!

Richank Tiwary, Co-Founder, Mediatronics Group

The 2025 budget emphasizes a strong commitment to media growth, acknowledging its critical role in shaping public opinion, education, and the economy. Key investments are being made to support digital media innovation, promote local journalism, and ensure media diversity. A focus is also placed on ensuring responsible media practices, combating misinformation, and fostering a balanced and independent press. The government’s vision is to foster a vibrant media landscape that remains resilient, transparent, and adaptive to technological changes, ensuring all citizens have access to reliable, high-quality information in an increasingly digital world.

Chennai (Tamil Nadu) [India], February 4:  Automation Expo South 2025 is set to be South India’s largest automation and technology showcase, bringing together 300+ exhibitors across 75,000 sq. ft. and three days of knowledge-driven events. Covering Process Automation, Factory Automation, AI, Robotics, Machine Vision, and Smart Manufacturing, the expo will serve as the ultimate platform for industry leaders, manufacturers, and technology providers.

Why Chennai?

“Chennai, a key industrial and innovation hub, is the ideal venue for Automation ExpoSouth 2025. With its strong base in manufacturing, automotive, electronics, and IT, this event will drive automation adoption and digital transformation across industries.” – Dr. M. Arokiaswamy, Founder & MD, IED Communications Ltd.

A Hub for Industrial & Technological Excellence

As India’s “Detroit”, Chennai is a powerhouse in automobile manufacturing, textiles, chemicals, energy, and engineering services. With Tamil Nadu leading in Industry 4.0 adoption, the region is rapidly integrating IIoT, AI, and cloud computing to enhance process automation.

Global Market Growth – The Process Automation & Instrumentation market is projected to exceed $101.6 billion by 2032, fuelled by increasing demand for digitalization and smart manufacturing solutions.

Major Exhibitors at Automation Expo South 2025:

Automation Expo South will feature 300+ exhibitors showcasing the latest automation solutions from across the globe. Some of the key industry players include Achievers Automation, Advantech Industrial Computing, Alstrut India Pvt Ltd, Axis Solutions Pvt. Ltd., Baumer Technologies India Pvt. Ltd., Cognex Corporation, Dynalog India Ltd, EPLAN Software Private Limited, FATEK Automation Corporation India, Gadgeon Smart Systems Pvt Ltd, Janatics Global Solutions Pvt. Ltd., Jumo India Pvt. Ltd., EATON – MTL Instruments, Nagman Instruments & Electronics Pvt Ltd.,Pepperl+Fuchs India Pvt. Ltd (PA), Phoenix Mecano India, Robonetics Automation Solutions LLP, Sanyo Denki India Pvt. Ltd., VEGA India Level and Pressure Measurement Pvt. Ltd.,Virya Autonomous Technologies, Yokogawa India Limited and many more.

What to Expect at Automation Expo South 2025?

• Cutting-Edge Technology Showcase: Witness the latest advancements in AI-driven automation, Industry 4.0, Industrial IoT (IIoT), Robotics, and Smart Manufacturing.
• Live Demonstrations & Product Launches: Experience real-time solutions in factory automation, process control, machine vision, and industrial robotics.
• Conferences & Knowledge Sessions: Gain insights from top industry experts, automation pioneers, and thought leaders on the future of automation.
•  Networking Opportunities: Connect with decision-makers, CEOs, engineers, and procurement professionals driving the future of automation.
• Start-ups & Innovation Pavilion: A special focus on emerging automation start-ups and deep-tech solutions shaping tomorrow’s industries.

Visitors are from Automotive, Aerospace, and Industrial Manufacturing, Oil & Gas, Energy, and Infrastructure, OEMS, Electronics & Semiconductor Industry, Food & Beverage & FMCG, Pharmaceutical & Medical Devices, Textile & Garment Industry – Automation in textile machinery, production, and material handling.

Concurrent Events at Automation Expo South 2025

Automation Expo South 2025 will host high-value industry conferences designed for business leaders, technical experts, and automation professionals. 3 Days of Networking, Learning & Business Growth Opportunities!

Event Details

•  Dates: 6th – 8th March 2025 Venue: Chennai Trade Centre (New Exhibition Hall)
• CEO Connect 6th March 2025 | 05:30 PM onwards New Exhibition Hall, Chennai Trade Centre
• Conference on Process & Valve Automation 7th March 2025 | 09:30 AM New Exhibition Hall, Chennai Trade Centre.
• Conference on Factory Automation & Robotics 7th March 2025 | 01:30 PM New Exhibition Hall, Chennai Trade Centre.
• Back to Basics – Hands-On Automation Course 8th March 2025 | 09:30 AM New Exhibition Hall, Chennai Trade Centre

Delegates will gain first-hand insights from industry experts, access latest technology innovations, and engage in high-level discussions on the future of automation

Join South India’s Largest Automation Gathering & Stay Ahead in the Automation Revolution!

For additional information and to register, please visit: https://south.automationindiaexpo.com.

• For inquiries, contact via email: jyothi@iedcommunications.com or call 9820093667 / 7777015667
• Conference details are also available on the portal.

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New Delhi [India], February 04: Jindal Steel and Power has appointed Ritesh as its Chief AI Officer, marking a significant step in the company’s commitment to AI-driven innovation in the manufacturing sector.

With a strong track record of leadership in data science and artificial intelligence, Ritesh will spearhead AI transformation initiatives aimed at enhancing operational efficiency, product quality, safety, and sustainability. His vision is to integrate AI-powered solutions into core manufacturing processes, positioning Jindal Steel and Power at the forefront of technological advancements in the steel and power industry.

“I’m incredibly excited to lead the AI transformation at one of India’s leading steel and power conglomerates. We are eager to collaborate with individuals, startups, and research institutions passionate about AI innovation in manufacturing. Let’s work together to build a smarter, more sustainable future!”

Ritesh Mohan Srivastava

Ritesh brings extensive global experience in AI, data science, and analytics, having led high-performing teams across the USA, Europe, the Middle East, and Southeast Asia.

Prior to joining Jindal Steel and Power, he served as Chief Data Officer at BharatPe, where he played a pivotal role in driving data-driven decision-making across multiple product teams. Before that, he held leadership positions at Novartis, where he managed large-scale AI/ML initiatives, as well as at Yatra and CarDekho, where he led advanced analytics and decision science teams.

Beyond corporate leadership, Ritesh has actively contributed to the AI and data science community as an advisory board member at IN44 Capital and a council member at AIM Leaders Council. His industry expertise has earned him accolades, including AI Changemaker of the Year and recognition as one of India’s Top 50 Data Scientists.

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