Audio
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20 percent tax on international credit card use: What does this mean for you?
In One Thing Today, we discuss the rationale and the impact of the Finance Ministry's amendment to existing FEMA regulations, announced last night, whereby credit card spends made overseas in foreign currency will attract tax collected at source (TCS). Forbes India's Salil Panchal spoke with Amit Singhania, partner at Shardul Amarchand Mangaldas &Co to understand the rationale behind this move, how your spending could be impacted, what it means for the card issuing banks and spending patterns
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Climake's Shravan Shankar and Simmi Sareen on the glass-half-full climate tech finance scene in India
Shravan Shankar and Simmi Sareen, co-founders of Climake, a platform for climate tech funding and market access, discuss the latest edition of their flagship annual report—The State of Climate Finance in India 2023. Equity funding for climate tech decreased by 34 percent in 2022 from the previous year, although 2021 numbers were a bit skewed by eight large strategic, IPO, and post-IPO deals, they note. They also found that, on the positive side, investments in sectors beyond renewables—like agritech and waste and circularity—which urgently need to grow, increased
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OneThingToday: PVR Inox's challenges, rise of OTT and the post-Covid cinema experience
In One Thing Today, we discuss the challenges faced by PVR Inox and multiplexes in general, in a sort of a continuation of our conversation yesterday about Hotstar and the rise of OTT content. Forbes India's Naini Thaker spoke with Karan Taurani, senior VP and research analyst for media, consumer discretionary and internet, at Elara Capital to analyse some of this. Among the takeaways are nuggets about what might get people enthused enough about the cinema to ditch their living room couches and head for the big-screen experience
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Nitin Jayakrishnan and Abhijeet Manohar on their plan for Pando after recent $30 mln funding
In this episode, Nitin Jayakrishan and Abhijeet Manohar, co-founders of Pando, a supply chain fulfilment cloud platform provider, talk about plans for their five-year-old venture, after a recent series B funding of $30 million. Investors in the SaaS startup include Nexus Venture Partners, Chiratae, Iron Pillar and Uncorrelated Ventures, the latter two leading the new round. Jayakrishnan and Manohar are second-time entrepreneurs, and they talk about how Pando represents a new generation of Indian SaaS startups that are building software for the world's biggest companies
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Jaspreet Bindra on the broader conversation needed to avoid the 'Hiroshima moment' of AI
Jaspreet Bindra, founder of Tech Whisperer, a consultancy in the UK, and former chief digital officer of Mahindra Group, talks about the rapid rise of generative artificial intelligence and offers five practical tips to make smarter use of tools like ChatGPT. He talks about how AI could be the first technology that could replace humans and how, like nuclear technology, it could bring terrific advancement to society or terrible acts of destruction. And he gives us a peek into his current academic work in AI and ethics to which he is attempting to bring learnings from Indian philosophy
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Inside Apple's grand ambitions for India
Marking the 25th anniversary of its products being made available in India, Apple launched two retail stores—one in Mumbai and one in New Delhi. The events were a prelude to the Cupertino-based tech giant's ambitious plans for India. In a recent earnings call Tim Cook, CEO of Apple, said, "There are a lot of people coming into the middle class and I really feel that India is at a tipping point." What has made Apple sharpen its focus on this growing market? Naandika Tripathi breaks down the minute details
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The Big Picture: Alok Nanda on the future of sustainable aviation and GE Aerospace's work in India
In this episode, Alok Nanda, CTO of GE South Asia and CEO of GE's India Technology Center, talks about the next decade of growth of the aviation and aerospace industry—a lot of which will happen in India. Over more than the last two decades, GE Aerospace's Indian team has made significant contributions to every important engine platform the company has developed, Nanda says. He also gives his perspective on where the industry is headed in sustainable aviation, ranging from the development of planet-friendly fuels to using AI to more accurately estimate when engines need repair
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Sean Duca at Palo Alto Networks on the company's growing prospects and ops in India
Sean Duca, vice president and regional chief security officer for Asia Pacific and Japan at Palo Alto Networks, one of the world's largest cybersecurity technologies providers, talks about how while businesses can differ in their products and services, their security needs are similar. As bad actors become more brazen, Sean wants to impress upon everyone that the threats are real. He also talks about some of the products at the company that are seeing strong demand and how the company's Indian operations have expanded strongly, with both enterprise customers and product development
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.jpg?impolicy=website&width=360&height=270 "Decoding Ashwin Desai's second innings with Aether Industries")
Decoding Ashwin Desai's second innings with Aether Industries
Ashwin Desai started Aether Industries from scratch at the age of 62. After putting in 36 years of hard work, he had to let go of his successful company called Anupam Rasayan in 2013. This wasn't the first sacrifice Desai made on his journey to Forbes World's Billionaires list in 2023. In this podcast, Manu Balachandran get into the details of the cover story of the current issue and how Desai built Aether Industries into one of the largest global manufacturers of speciality chemicals
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SwitchOn's founders on how they're helping ITC, Unilever and SKF automate quality checks on the go
In this episode, Aniruddha Banerjee and Avra Banerjee, cousins-turned co-founders, talk about how the quality inspection processes at some of the world's largest manufacturers are ripe for innovative interventions, as much of those remain manual. To that end, they're building an IoT, computer vision and machine learning-based platform at their five-year-old venture, SwitchOn, with customers such as ITC, Unilever and SKF. SwitchOn has recently raised $4.2 million in series A funding, and the Banerjees are looking to increase their revenue by 10X this year to $15 million
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Vishal Salvi at Infosys on why the company's cybersecurity practice team has grown 5X in four years
In this episode, Vishal Salvi, chief information security officer and head of cyber security practice at Infosys, talks about the increasing complexity of cybersecurity as it often evolves separately from the business-oriented technologies and digital solutions used by enterprises. He explains how security is becoming more "sentient" as the need for real-time context increases with the scale of operations of the company's multinational customers; and how this all adds to the challenge of finding experienced people in this area, making it an evergreen field for any young aspirant