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Peak XV’s big bets on Indian startups; How Tally stayed relevant for 40 years

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Peak XV’s big bets on Indian startups; How Tally stayed relevant for 40 years

Rising input costs are squeezing the profitability of FMCG firms. Should you be worried about price hikes? 

Not for the moment at least, as companies have absorbed a part of the inflation costs to not hurt consumer demand during the festive season. However, as firms continue to face margin pressures, decisions on price hikes could be taken post-Diwali, from December onwards, say stakeholders.  

In other news, US Vice President J D Vance has admitted that his rhetoric has been “imperfect” when he referred to foreign professionals holding H-1 B visas as “indentured servants”. He clarified that his criticism was of the visa system, which gives employers too much power over foreign employees, and not targeted at H-1B visa holders. 

India had condemned the terminology used to describe foreign professionals, calling it “deeply offensive” and carrying painful historical and colonial legacy connotations.

Meanwhile, the Delhi government has approved the setting up of Go-Delhi Foundation with a corpus of Rs 50 crore to empower young innovators and startups. The foundation aims to promote startups, innovation and entrepreneurship in the capital and support young people, researchers and entrepreneurs in turning their ideas into practical products and successful enterprises.

ICYMI: In their new book The Lift-Off Nation, Peak XV’s Rajan Anandan and Saurabh Srivastava make the case for India’s startup golden age. Anandan calls for greater corporate investment in R&D and startups and discusses the government’s Rs 1 lakh crore RDI scheme.

Here’s your trivia for today: Which company’s famous plaid pattern is called ‘novacheck’?


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