Companies & Sectors
Mukesh Ambani's 5-point advice for new enterpreneurs, startups
Counselling a five-point tip-sheet for budding entrepreneurs and potential start-up founders, Reliance Industries Chairman Mukesh Ambani on Wednesday said it is essential to find a passion for solving a problem without focusing primarily on financial returns.
 
"First, you have to figure out what you want to do. As an entrepreneur, it is important to find a passion... a problem to solve... it is not finding the solution that is so important as finding a problem to solve," Ambani said at an interactive session at the Nasscom India Leadership Forum 2017 here.
 
"If you focus on financial results the chances are you would not become great and solve a problem," he said.
 
Exhorting enterpreneurs never to get disheartened by failure, he said they should regard themselves as custodians of investors' money.
 
"Treat investor money even more carefully than your own," he said.
 
Moreover, align your team to your passion. An entrepreneur should always be positive... be an optimist," he added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  
 

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Sasikala surrenders, supporters clash with police
AIADMK General Secretary V.K. Sasikala, held guilty for corruption, on Wednesday surrendered before a trial court at a prison here.
 
Sasikala gave herself up at the Central Jail on the city's southern outskirts with her relatives Elavarasi and V.N. Sudhakaran after reaching from Chennai by road, officials said.
 
As the long-time confidante of the late Tamil Nadu Chief Minister J. Jayalalithaa reached the prison complex, clashes erupted between AIADMK supporters and police personnel.
 
One official said Sasikala underwent a medical check-up.
 
The surrender came a day after the Supreme Court upheld her conviction in a case of holding assets disproportionate to known sources of income.
 
Also held guilty were her two relatives and the late Jayalalithaa.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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80% of Indian millennials work harder than bosses: Survey
Over 80 per cent of India's millennials -- those born between 1980-2000 -- say they work harder than their bosses, as their work hours stretch longer than their managers', a survey revealed on Wednesday.
 
According to the survey conducted by Talentedge, a Delhi-based Ed-Tech firm, more than than 12 hours are spent at work by 16 per cent of the millennials aged 21-24, whereas only two per cent of their superiors are spending the same time at work. 
 
"We are constantly finding surprising insights in our interaction with young professionals of India and these findings reflect an inability in corporate India to marry productivity with efficiency," Aditya Malik, CEO and MD at Talentedge, was quoted as saying in a statement. 
 
While overwhelming evidence suggests that a workweek of more than 40 hours leads to a dip in the productivity, there are many professionals heralding long workweeks as a measure of their effectiveness.
 
In addition, up to 87 per cent millennials think that they should get an increment even if their bosses do not get one.
 
"We hope these findings will bring some realistic and honest discourse in corporate India over work hours and productivity," Malik added.
 
The survey, that included over 1,000 young professionals across eight metros, was conducted via social media and one-on-one calling, giving an insight into how the young working professionals feel about work hours versus productivity and their contribution towards the organisation's growth.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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