ABP Asmita, a leading news channel in Gujarat, successfully concluded ‘Gujarat Na Anmol Ratna’, an event to felicitate eminent businesses from the state that are adding to its prosperity.
The event was held at the Crowne Plaza, S.G. Highway in Ahmedabad on 5th March 2022 and was attended by business leaders and dignitaries from all over the state. The awardees were chosen based on their innovation, impact, and contribution to society. This inspiring event spotlighted the successes of small businesses and entrepreneurs.
On this occasion, the Honorable Home Minister of Gujarat, Shri Harsh Sanghavi presided over the ceremony and presented awards to the inspiring winners, and encouraged Gujarat's thriving business community.
The ‘Gujarat Na Anmol Ratna’ event, presented by Dharmaj Crop Guard Ltd, recognises the dedication and enthusiasm of many legendary Gujaratis who have made major contributions to society. The purpose of this event is to honor the achievements of these inspiring individuals and to celebrate the accomplishments of Gujaratis around the world. This on-ground award event will also have an on-air series documenting the inspirational journeys of these enterprises and through this special documentary, viewers can learn more about how to start their own businesses.
ABP Network is a strong player in the regional broadcasting space, with a particular focus on serving the multilingual population. ABP Asmita is one of its most popular channels, reaching viewers across Gujarat. The ‘Gujarat Na Anmol Ratna’ award event was created specifically for the Gujarati viewers. The event was well-attended by various luminaries to recognise Gujaratis' achievements and tenacious energy.
In conclusion, the Gujarat Na Anmol Ratna awardees are experts in their fields and have made a significant impact in the state of Gujarat. ABP Asmita aims to honour their talent, abilities, character, and overall service to the state with this recognition.
Dharmaj Crop Guard Ltd presents Gujarat Na Anmol Ratna 2022 awardees were as follows:
1. Ramesh Talavia, Managing Director, Dharmaj Crop Guard Ltd
2. Ramesh Bhogayata, Managing Director, Shree Nandan Courier Ltd
3. Ashish Desai, Chairman & Managing Director, Biokindle Lifesciences Private Limited
4. Prahlad Parmar, Trustee, Shubham Institute of Nursing Science and Research Centre
5. Jatin Shah, Managing Director, Bhavya Machine Tools
6. Dharmendra Sharma, Managing Director, Fusion Wealth Private Ltd
7. Kapil Thaker, Managing Director, Het and Care
8. Siddharth Raval, Managing Director, Silicon Fin
9. Bhavik Sheth, Director, Shree Balaji Developers
10. Dr. Jigar Thakar, Director, JIDEN INC
11. Ankur Patel, CEO, Bull Bell Academy - "Mr. Ankur Patel"
12. Brijesh Patel, Director, Kayra Automobiles Pvt Ltd - (Doctor Garage)
13. Rajendra Soni – Dada, Managing Director, Vastu Uday - "Dada"
14. Pritesh Shah, Director, EARTH EUPHORIA INFRA LLP (EARTH EUPHORIA)
15. Vijay Patel, Director, Greenland Bio Science Pvt Ltd
16. Tanuj Patel, Founder & Managing Trustee, Roots Foundation
17. Shailesh Shah, Producer, Prince Parth Films -Mr. SHAILESH SHAH
18. Dr. Dhaval Godhani, Medical Director, Salus Hospital
19. Yogesh Poojara, Founder, Poojara Telecom
20. Sheetal Chokhawala Vani, CEO, Rentio Foods Pvt Ltd
21. Dharmesh Patel, Director, ED World Education
22. Raj Hadvani, Executive Director, Gopal Snacks Pvt Ltd
23. Bhikam Chand Jain, Chairman, Rishika Industries Ltd
24. Dr. Nisha Shah, Professor, Ahmedabad Homoeopathic Medical College, Parul University
India’s original food & travelconnoisseurs Rocky Singh and Mayur Sharmaare geared up for a new season through majestic Rajasthan
As travel restrictions ease in India, food enthusiasts and childhood friendsRocky Singh and Mayur Sharma, are all setforthe 7th Seasonof HistoryTV18’sdigital-first series #RoadTrippinWithRnM. On this season, the pairstart off with the monuments and street food of Delhi before driving into Rajasthan, exploring its palaces, forts,rich historical and cultural legacy. And of course, its food. Viewers can follow the trip from 8th to 19th March on HistoryTV18’s and Rocky and Mayur’s social media.
In the spirit of International Women’s Day, the duo will interact with and celebrate inspirational womenon the trip and share insights and perspectives on life, career, interests, travel, and more. Season 7of the award-winning digital series will shine light on the lavish luxury, royal traditions, and rich heritage at every turnin the regal state of Rajasthan. The focus in the ‘Pink City’ Jaipur will beon its forts and mahals along with great eateries. The drive through Jodhpur will be incomplete without a visit to one of Rajasthan’s most formidable and magnificent forts,Mehrangarh, known for its splendid architecture offering a panoramic view of the city. The dynamic twosome will also travel through evocative destinationslike Bikaner, Jaisalmer, and Pushkar.
The series #RoadTrippinWithRnMhas, over the last six seasons, become all the rage on social media.Millions of viewers have joined in to enjoy the camaraderie between the two travellers and the myriad experiences on offer.The spontaneous nature of the trip with new adventures round every bend, their well-known love for food,over-the-top sense of humour, all amalgamate to create highly engaging content. HistoryTV18’sability to put out the content on social media in near real time, which the audience across India have loved. So far #RoadTrippinWithRnM has clocked a whopping 800 million impressions, 200+ million video views, and 8 million engagements creating a new benchmark of sorts for travel and food based digital content.
Speaking on the new season Rocky says, “Mile upon mile of endless sand as far as the eye can see. Fiery hot foods, Grand palaces and haunted cities...Rajasthan holds many mysteries and has always been a delight to travellers from the world over. I look forward to the ultimate road trip because for a traveller, the journey is always more fascinating than the destination.”
Mayur adds, “I’m looking forward to the joy of the open road and 'soaking' in the magnificent desert landscapes, along with all the unexpected delights that come with a road trip. As always, we've packed wisely. We are setting out with large doses of curiosity and sanitizer as we seek to embrace Rajasthan without filters.”
Speaking on new season’s launch,Arun Thapar, President-Content & Communication of HistoryTV18 says, “RoadTrippinWithRnM owes its incredible following and growing popularity to the sheer richness and diversity of the sights, sounds, flavours and experiences that it has showcased around India. Each season’s journeys, locations, people and places are varied yet bound together by Rocky and Mayur’s friendship, inimitable humour and quirkiness. It’s a show that’s rich in facts, presented with a lot of joy. It celebrates the wonders, great and small, that lie all around if one chooses to see and feel. The series has connected and engaged millions of viewers, winning loyal fans and critical acclaim. And we can’t wait to find out where the next bend in the road leads.”
Follow #RoadTrippinWithRnM season 7 on Facebook, Twitter, Instagram and YouTube starting 8th March.
46% notice ads on digital while 29% shops online as per Axis My India’s CSI survey
Flipkart and Amazon most preferred shopping apps among Indian consumers
· Over 10,151 people surveyed 70% is from rural India while 30% is from urban India
· Consumption of TV, Internet, Radio has improved for 22% of families
· 29% reveal that online TV streaming services have transformed television viewing habits
Axis My India, a leading consumer data intelligence company, released its latest findings of the India Consumer Sentiment Index (CSI), a monthly analysis of consumer perception on a wide range of issues. The month of February encapsulates that while almost 46% views ads on the internet, only a little more than half of it shops online with the most preferred apps being Flipkart, Amazon and Meesho. In addition, while this month’s media consumption has increased for 22% of the families, a second majority of 29% reveal that online TV streaming services have changed the way one watches television.
The March net CSI score, calculated by percentage increase minus percentage decrease in sentiment, was up to +9, from +7 last month and reflecting an increase in the net score post the February drop because of the Omicron scare.
The sentiment analysis delves into 5 relevant sub-indices – Overall household spending, spending on essential and non-essential items, spending on healthcare, media consumption habits & mobility trends.
This month, Axis My India’s Sentiment Index dived deeper to comprehend consumer’s behaviour with regards to online streaming, advertisement and shopping. The survey further revealed most preferred app by consumers for online shopping. Finally it also gauged consumer views on the impact of upcoming five state elections, start-up ecosystem and RBI proposed digital currency on the nation.
The surveys were carried out via Computer Aided Telephonic Interviews with a sample size of 10,151 people of which 70% belonged from Rural India while 30% belonged from urban counterparts. In addition 63% of the respondents were male while 37% of the respondents were female
Commenting on the CSI report, Pradeep Gupta, CMD, Axis My India, said, “With greater relaxation from the government in terms of mobility and increased encouragement from corporates to return to physical setting, we can witness the country’s effort to go back to the ‘old normal’. Consumers are spending where necessary and exercising ‘very mild’ caution on discretionary expenditures or mobility habits. Attracting consumers’ interest is also the five state elections, as they are expected to have an overall impact on the country’s economy. In addition, positive outlook towards RBI’s proposed digital currency also reflect the nations wider acceptance towards this change. PM Narendra Modi being voted as the leader best suited to guide India’s internal & external security in the wake of the current Russia-Ukraine crisis is not a surprise. Finally, increased online ad consumption & online purchase behaviour reflect the gradual dominance of digital in a consumer’s life and the need for marketers to develop an omni-channel marketing strategy.”
· Consumption of media has increased for 22% of the families reflecting an decrease of 2% from the last month. Consumption remains the same for a majority of 57% of families same as last month. The overall, net score of this month is at +1 as compared to +2 for the previous month
· Overall household spending has increased for 54% of families which reflects a 1% increase from the last month. The net score which was at +39 last month has increased by +5 to +44 this month
. Spends on essentials like personal care & household items has increased for 43% of the families which has maintained compared to last month. Spends however remain the same for 38% of the families. The net score which was +20 last month has increased to +24.
· Spends on non-essential & discretionary products like AC, Car, Refrigerator has increased for 8% of families. Expenditure nevertheless remains the same for 87% of the families. The net score is at to +3 remaining the same as last month.
· Consumption on health-related items more or less remains the same for 49% of the families, while a surge is witnessed among 35%. The health score which has a negative connotation i.e., the lesser the spends on health items the better the sentiments, has a net score value of -19 as compared to -20 last month. This signifies persisted apprehension for overall health and well-being of the consumers.
· 90% families said that they are going out the same for short vacations, mall and restaurant. Increased travel is reflected only among 5% of families while 5% reported reduced mobility. The overall mobility score which was at -3 last month has remained the same.
On topics of current national interest:
· Axis My India further evaluated consumer’s views on the impact of streaming services on television viewing. A majority of 57% said that online streaming services has not impacted their television viewing habits, signifying that TV is still the dominant medium in India. 29% however is of the view that online TV streaming services have changed the way one watches television, this insight unravels a surging need for video on demand services that provides flexibility in content viewing
· To gauge advertisement attention in the mind space of consumers, the survey discovered that a huge 46% notice ads on internet. This behaviour is higher in the younger age groups as expected.
· Assessing consumer’s views on online shopping preferences, Axis My India’s survey found out that only 29% indulge in online shopping. In addition a majority of 46% prefer to shop via Flipkart, while 33% prefer to shop from Amazon. Meesho, Myntra, Snapdeal, Ajio and Paytm Mall are other preferred choices.
· The CSI – Survey furthermore captured consumer’s views on upcoming five state elections of Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa. A huge majority of 50% strongly believe that the results of these 5 state elections will have a considerable impact on the 2024 National Elections. These are the views of people residing across the nation & not just the election states.
· In an attempt to understand consumers view on a series of Budget announcement, Axis My India discovered that 68% believe that RBI’s proposed Digital currency/Digital Rupee will encourage safer and secure mode of online transaction/ transfer of funds. This positive outlook could mean a wider acceptance of the proposed digital currency upon its introduction. A minority of 13% and 6% believes that the digital rupee will ensure reduced dependency on cash/physical notes; and stimulate increased global as well as rural transaction respectively.
· Exploring consumer’s views on the start-up ecosystem, the survey discovered that 85% believes that start-ups are going to be the backbone of ‘New India’.
· Finally, 41% of respondents believe that PM Narendra Modi is best suited to handle India’s internal & external security, a factor which gains prominence considering the current Russia-Ukraine crisis.
Bharti Airtel (“Airtel”), India’s premier communications solutions provider, announced that it has acquired a strategic stake in Aqilliz – a Blockchain as a Service Company under the Airtel Startup Accelerator Program, subject to applicable statutory approvals.
Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom that integrates differential privacy and federated learning on a distributed digital ledger. This allows brands to create secure and consent-based solutions to engage with customers in a rapidly evolving digital economy that’s becoming increasingly decentralised.
Airtel aims to deploy Aqilliz’s advanced blockchain technologies at scale across its fast growing Adtech (Airtel Ads), Digital Entertainment (Wynk Music & Airtel Xstream) and Digital Marketplace (Airtel Thanks App) offerings.
Adarsh Nair, CEO – Airtel Digital, said: “We, at Airtel, are deeply researching new technologies that drive the future of a digitally connected India. This relentless focus on innovation is also enabling us to unlock new growth engines within Airtel. Blockchain technology is maturing and we see its application across areas such as Adtech, Creator Economy, and Loyalty Programs. We are thrilled to have Aqilliz join our Startup Accelerator Program and be part of Airtel’s digital innovation factory.”
Gowthaman Ragothaman, Founding CEO – Aqilliz added: “We are extremely excited to be a part of Airtel’s digital innovation play and bring this first of its kind blockchain technology to India. Legacy customer engagement, ad tech and marketing technologies are built for centralised databases. The future of the digital economy is already pivoting to managing value exchanges between brands, platforms and the consumer. Aqilliz’s patented technology will enable Airtel to capture and carry this value exchange in the form of consent and provenance across the digital supply chain. We look forward to working closely with the team at Airtel.”
Airtel Startup Accelerator Program invests in early stage start-ups working on technologies that have adjacencies to Airtel’s business offerings. The Program gives Startups the opportunity to deploy their technologies and applications at a massive scale, which includes 340M+ retail customers and over 1M+ business. In addition to funding, the Program offers mentorship from Airtel’s leadership team and access to Airtel’s global strategic partners.
Recently, Airtel launched the ‘Airtel India Startup Innovation Challenge’ in partnership with Invest India. Early stage Indian startups were invited to demonstrate solutions for 5G, IoT, Cloud Communications, Digital Advertising and Digital Entertainment. 10 winners will get the opportunity to access Airtel’s digital engineering ecosystem to co-create solutions and select few will be inducted into the Airtel Startup Accelerator Program.
"We have a million problems, but at the same time we have over a billion minds"
- Honourable Prime Minister, Shri Narendra Modi
The last half of the past decade saw some monumental changes in the flourishing Indian startup and adjoining investment ecosystem. In November 2021 alone, as per one of the sources, over 30 growth and late-stage and 92 early-stage startups raised around $4.33 billion. The current startup landscape in India aptly portrays an image of a modern and sophisticated market, in terms of real value as well as in the nature of capital flow. Innovation, and implementation of the same, to solve major problems at a national and an international level has garnered support from the general public and more importantly, the government. The acceptance of modern day trade with a mix of technology and traditional values has made the Indian startup ecosystem stronger than before.
"The startups today defy natural rates of growth. An idea can become a global product within a year, multiplying customers and employees"
- Honourable Prime Minister, Shri Narendra Modi
The Government of India, to a large extent, has been proactive in taking steps for the better of all the stakeholders involved. Startup India, the flagship initiative of the state, intends to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. Several programs have been undertaken since the launch of the initiative on 16th of January, 2016 by Hon’ble Prime Minister, to contribute to his vision of transforming India into a country of job creators instead of job seekers. These programs have catalysed the startup culture, with startups getting recognized through the Startup India initiative and many entrepreneurs availing the benefits of starting their own business in India. Over the last 5 years, the Startup India initiative has seen considerable growth and on June 3rd 2021, reached the milestone of recognizing 50,000 startups in India. Last 10,000 startups were recognized in just 108 days. The ambitions of India’s entrepreneurs can be understood by the fact that over 16,000 startups were recognized in the financial year 2020-2021.
"Start-ups are going to be the backbone of new India. When India completes 100 years of independence, startups will have an important role. Country's innovators are making the country proud globally."
- Honourable Prime Minister, Shri Narendra Modi
The rate of success, too, has drastically improved with many startups reaching a certain stage of maturity. This can be evidenced by the recent listing of new-generation startups like Nykaa (FSN E-Commerce Ventures), Zomato, Policybazaar (PB Fintech Ltd), Paytm (One 97 Communications Ltd) and more. In all, the major 7 to 8 IPO listing of these companies raised as much as $2.5 billion from public markets. The active interest of investors has been constantly visible across stages and sectors, whether we are talking about angel investors in the pre-seed rounds or the massive institutional investors in the later stages.
Total investments that flowed into Indian startups stood close to $34 billion in 2021, this is almost 3 times more than what was raised during Covid in 2020,Interestingly, Indian startups got well funded across all stages in 2021, unlike some of the previous years, which shows that the ecosystem is maturing by the day,
With growing interest and development, the fiscal infrastructure of the ecosystem deserves some more attention from the government to ensure the protection of startups as well as investors and thus work towards establishing a rather durable channel for more organised and regulated operations in the ecosystem. The fiscal measures in the coming years will be imperative to shape the future. For the same, here are some expectations for the 2022 Budget that will be presented on the 1st of February 2022 by Mrs. Nirmala Sitharaman, Minister of Finance
First and foremost, there is a need to treat startups at par with the other listed companies with regards to unlisted capital gains. The tax rates and period should be identical to that of the listed companies.
Secondly, there is a need to do away with the current notional concept where ESOPs are taxed when exercised. The state could consider taxing the gains on exit when the proceeds are received by the ESOP owner/employee.
Further, tax losses should be allowed in the event of change in control. This is to incentivise takeovers and benefits to incoming majority investors/acquirers which will benefit the whole ecosystem and promote larger amounts of R&D and innovation activities.
On a micro level, if we were to look at sector specific provisions, Ed-tech is an important driver of the Indian economy. Online Ed-tech businesses should enjoy tax benefits and GST exemptions. This will enable faster growth of Indian startups in this space, proving to be a benefit for the society at large and even in the global community.
For investors, there is a need to exempt the GST on management fees levied on onshore Indian funds similar to the offshore funds.
In addition to this, easing foreign outbound investment in overseas domiciled startups by SEBI regd AIFs in all categories will be an appreciated step by the investor community. Including this under the automatic route will further help.
The above are some areas where it is believed that improvisations will benefit the stakeholders on a greater level considering the critical stage at which the ecosystem is at presently. The general public and the government, both, are now aware of the Indian entrepreneurial spirit, the aim should be to protect and nurture the same with all hands available, fiscal being one.
"We want to enable Start-Ups and make India no 1 in this field. Start-Up India and Stand-Up India!"
- Honourable Prime Minister, Shri Narendra Modi
The article has been authored by Yagnesh Sanghrajka for 100X.VC Research. Yagnesh is the founder and CFO at 100X.VC.
100X.VC is the first VC to invest in early stage startups using India SAFE Notes. We fund exceptional Indian founders. We deeply value our relationships with founders, co-investors, and corporations.