TiE Mumbai announces its Hall of Fame - Excellence in Entrepreneurship & Enablers of the Entrepreneurial Ecosystem

9 awardees chosen after a rigorous selection process

Ratan N. Tata honoured with Lifetime achievement award

Mumbai, 28 January 2020: The Indus Entrepreneurs (TiE) Mumbai, is in its second year of initiating a "Hall of Fame" series that is aimed at recognizing outstanding Entrepreneurs, Investors, Investment Bankers, Corporates, Public Sector & Government change agents who have contributed tremendously to the development of the Economy and the Ecosystem in India and Globally. These recognitions are given to high achievers, impactful value creators, marquee individuals and institutions who have brought about positive change through innovation, disrupted the norms and are wealth creators.

The “Hall of Fame” awardees were recognized at the 11th edition of TiECon Mumbai, which was held today 28^th January 2020 at NCPA, Nariman Point, Mumbai. The Chief Guest for this year's prestigious "TiE Mumbai's Hall of Fame" was Shri Narayana Murthy, Founder Infosys who is a veteran Industry leader and a strong proponent of the Entrepreneurial landscape in India.

This year, TiE Mumbai had the privilege of honoring Sri Ratan N. Tata with the Lifetime Achievement Award for his outstanding contribution that spans across years of focus and dedication.

Atul Nishar, President, TiE Mumbai said, “Sri Ratan Tata’s lasting legacy is the highest standards of ethics and integrity that will guide entrepreneurs in their journey for decades to come. The awardees of the Hall of fame have shown exemplary courage, passion and foresight in being disrupters who have created wealth and opportunities for thousands.”

About the Awardees

This year’s Hall of Fame 2020 inductees includes the following illustrious Entrepreneurs, Investors and Achievers of the Entrepreneurial Ecosystem -

1. Outstanding Indian Entrepreneur: Ashish Hemrajani – CEO & Co-founder, Bigtree Entertainment Pvt. Ltd.

2. Outstanding Entrepreneur B2B e-Commerce: Amod Malviya, Sujeet Kumar, Vaibhav Gupta - Co-founders, Udaan

3 Outstanding Entrepreneur Deep Tech: Sneh Vaswani - Co-founder & CEO, Miko

4. Outstanding Entrepreneur Fashion & Life Style: Anita Dongre - Founder, House Of Anita Dongre

5. Outstanding Serial Entrepreneur & Angel Investor: Anupam Mittal - Founder & CEO, People Group

6. Outstanding Social Change Agent: Vineet Rai - Founder Chairman, Aavishkaar Group

7. Outstanding Value Creating Institution: NPCI - Dilip Asbe, MD & CEO

8. Outstanding Angel Investor: Sanjay Mehta - Founder & Partner, 100X.VC

9. Outstanding Institutionalized Angel Investors: Venture Catalyst - Dr. Apoorv Sharma, Anuj Golecha, Anil Jain, Gaurav Jain

TiECon Mumbai is the largest Entrepreneurial Leadership Conclave that takes place once a year in Mumbai. TiEcon Mumbai 2020 will focus on how start-ups are going to drive the future by changing how we use and consume goods and services, interact with technology and deploy them to solve pressing problems. The innovation driven by start-ups may make many current businesses redundant and create opportunities for new ones. TiEcon Mumbai 2020 will spotlight all of this, and more.

TieCon Mumbai 2020 The Decade of Startups – Kickstarting the Future

• TieCon Mumbai 2020 Keynote Speakers focus on Innovation and technology such as Artificial Intelligence, Machine Learning , BlockChain.
• First time ever at TieCon Mumbai – A startup Expo with more than 150 Startups exhibited their products.
• EpiCentre of Start up Creation
• Trillion dollar Digital Economy by 2015
• Emphasizes on strengthening capabilities and fostering Co-creation.
• Epitome of Digital Innovation and Economic Transformation
• Era of Robots, Drones, Star Wars.

Mumbai (28 January 2020) -- The 11^th Edition of TiECon Mumbai kick started on an enthusiastic  note with marquee speakers focusing on ways to accelerate growth, drive more intelligent engagement and methods to empower business building ideas.

Mr Atul Nishar, President, TiE-Mumbai said, “The four principles to accelerate transformational growth are job creation, skilling, training force, ethics and build sustainable business models. Start Ups should align interest with the national interest.”

Held at NCPA, Nariman Point, Mumbai, the opening day saw sessions with iconic speakers ranging from Deepak Parekh, Narayan Murthy, Mohandas Pai.and many others. 

Deepak Parekh shared his journey and learnings. He said, “Age is no bar, All you need is idea, ability, patience and ability.” He advocated the importance of learning by doing philosophy, humility, open door policy and “build life worth and not net worth.” HDFC will soon announce 100 Cr per year fund scheme to invest in startups.

Keynote Speaker Mohandas Pai quoted, “” AI will dominate the core of next exponential enterprises, rewriting the fundamentals of the establishment and this is the opportunity to capture. Mumbai, being the financial hub and epicenter of action has to lead India. This is an era of Robots, Star Wars.”

Mr Ratan Tata was conferred Life Time Achievement Award TieCon Mumbai 2020.

Narayan Murthy advised the aspiring entrepreneurs to create enterprises with highest standards of integrity, ethics and honesty. Assisted technology will help human beings by making them more productive.

This year’s theme, ‘The Decade of Startups – Kickstarting the Future’ is designed with the intention to explore, bring forth the most disruptive innovative ideas and nurture with expertise, opinions, access, consultation and resources paving way to aspiring Unicorns. India offers a blockbuster market with digital savvy population and a favorable demographic composition attracting global investors. 

The 2-day forum focuses on tech driven innovation. The other highlights are Pitch room, Start Expo, Masterclasses, Start up Clinic, Co- founder dating.

TiE- Mumbai is Western India’s premium conclave, a melting pot of Start ups with Industry Legends to celebrate innovation. It is a platform of provocative ideas, brilliance, talent, products, brilliance, investments and governance.

NSE is now world’s largest derivatives exchange

Mumbai, January 21, 2020: National Stock Exchange of India Ltd (NSE) has emerged as the world's largest derivatives exchange in 2019 by number of contracts traded surpassing the CME Group, based on the statistics published by Futures Industry Association (FIA), a derivatives trade body. NSE is also ranked 3rd in the world in the cash equities segment by number of trades as per the statistics published by the World Federation of Exchanges (WFE).

Commenting on the occasion, Mr. Vikram Limaye, MD & CEO, NSE said, “It is indeed a matter of great pride for all of us and for our country that NSE has emerged as a global leader and has achieved this unique distinction of being the largest derivatives exchange in the world and the 3rd largest exchange in cash equities. We are grateful to the government, regulators and all our stakeholders for the support extended to us over the years. Our achievements have been made possible by supportive government and regulatory policies, state of the art technology infrastructure, a robust risk management framework and broad based trust and participation by the entire spectrum of global and domestic investors.

Market development is critical for financing the growth of India and for achieving the aspiration of becoming a $5 trillion economy by 2024-25. Robust capital markets are not only critical for financing the country's growth potential but also for creating employment opportunities for our youth.”

NSE has been focused on building robust markets for all asset classes. Over the last 5 years, the cash equities segment has grown by more than 90%, from a daily average turnover of about Rs.17,572 crores in CY 2015 to about Rs. 34,264 crores in CY 2019. During the same period, equity derivatives daily average turnover has increased by 70% from about Rs.52,371 crores in CY15 to Rs 88,772 crores in CY19. Derivatives to cash market turnover ratio consistently remained around 3x. Further, during this period, NSE witnessed about 60% delivery percentage of trades executed in the cash market. Empirical research globally and in India has established beneficial impact of the derivatives market on cash market turnover.

Growth in volumes of both cash equities and derivatives is on the back of deepening of equity markets in India. NSE witnessed more than 1.2 crore new investor registrations in the cash equities segment in the last 5 years out which close to 87 lakh registrations were in the last 3 years. It is also observed that a third of the new investors have come from tier 3 and tier 4 cities and towns. Another heartening feature is adoption of digital tools by investors with about 26% of total trading activity in the cash equities segment coming through mobile and internet trading.

TiECon Mumbai 2020 The Decade of Startups – Kickstarting the Future

Mumbai, 21 January 2020: The 11th edition of TiECon Mumbai is scheduled to be held on 28th - 29th January 2020 at NCPA, Nariman Point, Mumbai with a vibrant theme “The Decade of Startups – Kickstarting the Future”

TiECon Mumbai is the largest Entrepreneurial Leadership Conclave that takes place once a year in Mumbai. TiEcon Mumbai 2020 will focus on how start-ups are going to drive the future by changing how we use and consume goods and services, interact with technology and deploy them to solve pressing problems. The innovation driven by start-ups may make many current businesses redundant and create opportunities for new ones. TiEcon Mumbai 2020 will spotlight all of this, and more.

In the last decade, startups have emerged as a force to be reckoned with. They have proven their worth to the economy of the country and to the world. But this is just the beginning, as startups and entrepreneurs are now focusing on more industries with the use of upcoming technologies such as Artificial Intelligence, and Blockchain.

“TiEcon 2020 is designed to contemplate on the future of ideas that entrepreneurs and the leaders needed to embrace to navigate through remarkable breakthroughs and journeys paving the way for the next decade of the startup world.” said Atul Nishar, President of TiE Mumbai.

Key Highlights of TiECon Mumbai 2020:

·        Pitch Room - 60 Startups to pitch to investors across both days of the conference. TiE Mumbai has received 300+ applications and with an internal jury are in the process of Shortlisting 60 startups.

·        Angel Investors Debate - A one of a Kind Debate session, where Angel Investors debate about a topic related to the startup eco-system. You'll get to find out how investors think in this raw format debate session

·        Startup Expo - First time at TiEcon Mumbai - a Startup Expo with more than 150 startups exhibiting their products. From Hardware startups, to digital apps, to SaaS products for enterprises, and F&B startups as well, all of them will all be there showcasing their products.

·        TiEcon Mumbai Masterclasses - Specially designed workshops for entrepreneurs to up their game. Design Thinking, Digital, HR, and Legal will be some of the open ended Masterclasses.

·        Startup Clinic - KPMG & Nishith Desai Associates, will be giving free consultation to startups. These are top firms, who are willing to spend their precious time and resources to help nurture entrepreneurs

·        Co-Founder Dating – This is where curated entrepreneurs will be matched with potential Co-Founders. This is crucial for startups to survive when they need to achieve scale. Having the right skilled Co-Founder to run separate tasks within the organization is something that investors look for while funding startups.

·        TiE Food Network-  will be launched at the event to help foster and grow F&B entrepreneurs- Traditional Restaurateurs, Beverage makers, QSR’s, Cloud Kitchens, Bakers, FMCG products, nutritional and organic foods, wellness and health focused diet F&B entrepreneurs

The marquee speakers at the event are Deepak Parekh - Chairman, HDFC, N. Chandrasekaran - Chairman, TATA Sons, Kunal Bahl & Rohit Bansal of Snapdeal, Ma Anand Sheela, Narayana Murthy- Founder, Infosys, Satyajeet Singh - Head Strategic Product Partnership, India & South Asia, Facebook, Varun Dua - CEO & Co-Founder, Acko Insurance, Sandeep Laxman - Head, Fintech BD, Amazon Internet Services Pvt. Ltd., Mohandas Pai - Chairman, Manipal Global Education, Lizzie Chapman - Co-Founder & CEO, Zestmoney, Ranu Vohra - MD & CEO, Avendus Capital, VS Sudhakar - Co-Founder, BigBasket, Anupam Mittal - Founder & CEO, People Group (Shaadi.com), Ashish Hemrajani - CEO & Co-Founder, BookMyShow, Harish Mehta - Chairman & MD, Onward Technologies, Nishith Desai - Founder, Nishith Desai Associates,  Ashwin Suresh - Founder PocketAces/FilterCopy, Kaustubh Jha - Head of Marketing, Kolkata Knight Riders, Kapil Bharati - Co-Founder & CTO, Delhivery (Unicorn Startup), Dhanpal Jhaveri - Vice Chairman, Everstone India, Shinjini Kumar - Consumer Business Manager, Global Consumer Banking, Citibank,  Kshitij Sheth - Vice President, ChrysCapital , Sumer Juneja - Partner & Head of India, SoftBank,   Harsh Jain - CEO & Co-Founder, Dream11 (Unicorn Startup), , Keshav Murugesh - Group CEO, WNS Global Services, Pradeep Udhas - Office Managing Partner, West, KPMG India and many more to be confirmed.

Mr. Ratan Tata - Chairman Emirates, Tata Sons will also be honored with the lifetime achievement award at the event.

MGTO presents The Parade for Celebration of the Year of the Rat to share blessings on 3rd Day and 8th Day of Lunar New Year

~The “Parade for Celebration of the Year of the Dog” brings joyful celebrations to all

on 3^rd Day and 8^th Day of Lunar New Year~ 

Mumbai, 16^th January 2019: Macao Government Tourism Office (MGTO) will present the mega celebration event — “Parade for Celebration of the Year of the Rat” at the central and northern districts on the 3rd day (27 January) and 8th day (1 February) of Lunar New Year respectively to celebrate the joyful occasion with residents and visitors. The event features a range of spectacular activities including float parade, mega performances, fireworks display, float exhibition, Favourite Parade Float Voting and more.

 The “Parade for Celebration of the Year of the Rat” (the “Parade”) is organized by MGTO and co-organized by Municipal Affairs Bureau, Cultural Affairs Bureau and Sports Bureau, as well as sponsored by Asia Tourism Exchange Center. A press conference for the event was held today (8 January) to unveil the event program. MGTO Acting Director Cheng Wai Tong and Deputy Director Ricky Hoi, Assistant Director of Asia Tourism Exchange Center, Li Wen Pei, Vice President of Cultural Affairs Bureau, Chan Kai Chon, Head of Department of Civic Affairs and Consultation of Municipal Affairs Bureau, Patsy Ko Pui San, and Head of Sports Facilities Management Department of Sports Bureau, Ho Wa, were present in the press conference together with representatives of the supporting and sponsoring entities.

For the upcoming Chinese New Year, MGTO has tailored an array of celebrations for residents and visitors. With both the double first solar terms and an intercalary month falling on the Geng-Zi Year of the Rat, 2020 is considered a blissful year for tying the knot. As a major highlight during Chinese New Year, the “Parade for Celebration of the Year of the Rat” will be themed around a story of the Rats’ splendid wedding. Delivering the story through a confluence of aerial dance and acrobatics, the Parade will be unveiled on the third night of Chinese New Year to extend blissful wishes for spectators. Performance teams from near and afar will also perform at major tourist attractions during Chinese New Year for a close encounter with residents and visitors.

In speaking at the press conference, MGTO Acting Director Cheng Wai Tong stated that Macao boasts a year-round calendar of diverse and spectacular events and festivals, which not only manifests the harmonious flourishment of diverse cultures in the city but also offers great opportunities for residents and visitors to create wonderful memories with their dearest ones. He hopes that this annual event which carries on traditional Chinese culture can let everyone experience a rich ambience of Spring Festival in Macao.

Fireworks add festive joy on 3rd day of Lunar New Year

The first round of the Parade will feature a range of elements including aerial acrobatics, float parade, procession of performance groups and fireworks display. At 8 p.m. on the 3rd day of Lunar New Year, an aerial acrobatics show will lift the curtain on the Parade. Joined by a total of 34 local and international performance groups, 18 dazzling auspicious floats will then set off from Sai Van Lake Square before Macau Tower, march along Avenida Dr. Sun Yat-Sen on Macao Peninsula until the destination at Macao Science Center. Starting from 5:30 p.m., warm-up performances will take place at intervals, featuring artists from Macao and Hong Kong including Selena Lee, Paisley Hu and Mandy Wong, among others. A 15-minute fireworks display will take place above the sea area overlooked by Macau Tower at 9:45 p.m.

For the convenience of residents and visitors, MGTO will operate free shuttle bus service around multiple routes between event locations and various districts in Macao Peninsula, Taipa and Coloane. Starting from 8 p.m. on the night, MGTO will live broadcast the Parade on LED screens set up at multiple locations in the city. In addition, TDM and Macao Cable TV will live broadcast the Parade on the 3rd day of Lunar New Year.

The Parade will fill Northern District with good luck on 8th day of Lunar New Year

There will be another float parade and finale show of cultural performances on the 8th day of Lunar New Year. At 8 p.m., 18 floats will set off from Rua Norte do Patane to march along Avenida do Conselheiro Borja, Estrada do Arco, Estrada da Areia Preta, Avenida de Venceslau de Morais, Rua Quatro do Bairro da Areia Preta, Avenida da Longevidade, Rua do Mercado de Iao Hon until the finishing point at Iao Hon Market Garden, where artists from Macao and Hong Kong including Louis Yuen, Germano Guilherme, Elise Lei, Elvin Chio, BoBo Chan and Kenny Lei will dazzle the finale show among others.

Vote for your favourite float to win attractive prizes

By scanning QR codes on the floats, residents and visitors can access the voting platform for the activity “Favourite Parade Float Voting”, vote for their favorite floats and submit their personal information, to enter the grand lucky draw for chances to win attractive prizes including air tickets, hotel accommodation, ferry tickets, Smart TVs and smartphones, etc.

A close encounter with beautiful floats for abundant blessings

18 splendid floats are presented by the following entities: Asia Tourism Exchange Center, Macao Government Tourism Office, Municipal Affairs Bureau, Cultural Affairs Bureau, Sports Bureau, Sociedade de Jogos de Macau, S.A., Tak Chun Group, Suncity Group, Meg-Star Group, Wynn Macau, Limited, Galaxy Entertainment Group, MGM, David Group, Melco Resorts & Entertainment Limited, Sands Resorts Macao, UO Group, Chimelong Tourist Resort and Multinational (Holdings) Group. The floats will be on display at the seafront of Macao Science Center from 27 January (10 p.m.) to 1 February (5 p.m.), and following that, on display at Tap Seac Square from 1 February (10 p.m.) until 8 February (6 p.m.). Local residents and visitors can freely enjoy the sight of the floats.

For event details, please visit http://www.macaotourism.gov.mo or follow MGTO's WeChat ID “MGTOweixin”.

Housing sales fell 30%; new launches decline 44% in Q3FY20: PropTiger report

New Delhi, 14^th Jan 2020: New project launches in India’s nine key residential markets continued to show a decline, falling 44 per cent year-on-year in the period between October and December 2019, primarily on liquidity concerns, shows the report by PropTiger.com, part of Elara Technologies, that also owns Housing.com and Makaan.com.

According to “Real insight Q3FY20”, a quarterly analysis of India’s nine key property markets by PropTiger DataLabs, the ongoing industry concerns related to the NBFC sector, on which real estate developers largely depend on for their financial needs, has made borrowing difficult for builders at a time when a demand slowdown has hit housing sales. This double whammy has resulted in developers continuing to show a cautious stance towards new project launches. 

“The various measures launched by the government in the recent past to revive growth in the real estate market seem to have made little impact. Considering real estate is a major contributor to overall GDP, which hit a glacial 4.5 per cent rate of growth in the July-September period, we expect further assistance from the government, which would nudge buyers to invest in real estate. In the Union Budget scheduled to be released on 1^st February, we expect the Hon’ble Finance Minister to announce measures that would result in higher savings for individual taxpayers, some of which would hopefully make its way towards property purchases,” said Dhruv Agarwala, Group CEO, Elara Technologies, the country’s only full stack real estate technology platform that owns Housing.com, Makaan.com and Proptiger.com. 

Sales fell across cities

Housing sales in India’s nine key property markets fell 30 per cent annually during the October-December quarter despite the government launching several measures in the recent past to revive buyer sentiment. As against 91,464 units sold during the quarter last year, only 64,034 homes were sold across the nine markets in Q3 this year.

Mumbai contributed nearly 40 per cent to overall sales numbers. 

What points towards a nation-wide phenomenon, sales declined across all these markets, with Bengaluru, popularly known as India’s Silicon Valley, registering a 50 per cent fall in sales numbers.  

When compared to the first nine months of the previous financial year, sales fell by 13 per cent during the same period in the current fiscal. As against 263,294 units last year, only 228,220 housing units were sold this year.

Units Sold						Growth
City
	Q3FY19	Q4FY19	Q1FY20	Q2FY20	Q3FY20	YoY (%) Q3vsQ3	QoQ (%) Q2vsQ3
Ahmedabad	5,960	6,414	6,479	5,578	5,118	-14%	-8%
Bangalore	10,299	10,092	9,600	8,425	5,155	-50%	-39%
Chennai	4,467	4,605	4,571	3,772	3,015	-33%	-20%
Gurgaon	4,069	6,970	5,880	3,581	3,834	-6%	7%
Hyderabad	7,869	8,857	7,723	7,002	4,372	-44%	-38%
Kolkata	3,810	4,341	4,333	3,052	2,566	-33%	-16%
Mumbai	30,850	27,527	28,726	24,882	25,198	-18%	1%
Noida	4,556	4,148	3,627	3,038	2,830	-38%	-7%
Pune	19,584	17,911	18,034	15,883	11,946	-39%	-25%
Grand Total	91,464	90,865	88,973	75,213	64,034	-30%	-15%

Sold Units
City
	Apr-Dec 18	Apr-Dec 19	YoY (%)
Ahmedabad	17,436	17,175	-1%
Bangalore	31,932	23,180	-27%
Chennai	14,011	11,358	-19%
Gurgaon	11,794	13,295	13%
Hyderabad	21,505	19,097	-11%
Kolkata	10,754	9,951	-7%
Mumbai	85,811	78,806	-8%
Noida	19,141	9,495	-50%
Pune	50,910	45,863	-10%
Grand Total	263,294	228,220	-13%

Inventory declined 12%

As buyers showed greater faith towards ready homes, inventory levels, declined 12 per cent during the quarter. From 8.83 lakh unsold housing units at the end of the same period last year, unsold stock fell to 7.75 lakh in Q3 FY20. Mumbai and Pune together contribute 57 per cent of this unsold stock.  Also, half of the units in this stock are affordable homes (units priced below Rs 45 lakh). 

At the current sales velocity, builders would take 29 months to sell off the existing stock.

Unsold Inventory						YoY (%) – Q3vsQ3	QoQ (%) Q2vsQ3
City	Dec/2018	Mar/2019	Jun/2019	Sep/2019	Dec/2019	Dec 19 Vs Dec 18	Dec 19 Vs Sep 19
Ahmedabad	60,015	57,220	52,294	50,690	48,367	-19%	-5%
Bangalore	86,335	83,447	80,520	79,046	79,496	-8%	1%
Chennai	36,642	37,344	35,384	33,304	33,694	-8%	1%
Gurgaon	46,364	44,469	44,522	44,199	42,071	-9%	-5%
Hyderabad	42,140	41,509	38,349	35,216	33,227	-21%	-6%
Kolkata	46,364	44,861	42,040	40,029	37,979	-18%	-5%
Mumbai	338,894	328,052	317,253	305,018	296,465	-13%	-3%
Noida	67,991	65,577	63,847	61,545	59,261	-13%	-4%
Pune	158,738	155,679	151,842	148,676	144,300	-9%	-3%
Grand Total	883,483	858,158	826,051	797,723	774,860	-12%	-3%

Over 5 lakh new units to be delivered in CY2020

A total of 5.33 lakh units were delivered across the nine markets in calendar year 2019, and another 5.45 lakh units are expected to be delivered through the course of calendar year 2020.

Launches fall most in Kolkata, Gurugram

Only 41,133 units were launched in Q3 FY20 as against 73,226 units in the corresponding period last fiscal, the report shows. New launches fell across markets, with Kolkata and Gurugram seeing the biggest fall, at 79 and 74 per cent, respectively.

  

Nearly 40 per cent of new launches were concentrated in India’s financial capital Mumbai, data show.

Affordable housing continued to dominate launches, with 52 per cent units launched in this segment.

When compared to the first nine months (April-December) of the previous financial year, launches declined by 32 per cent during the same period in the current fiscal. While 215,596 units were launched between April and December in the previous year, 145,852 units were launched during the same period this year.

Prices increase marginally across cities; Hyderabad sees 13% appreciation

Average values of property increased by 13% year-over-year in Hyderabad, the highest increase among all the cities included in the report, while Gurugram and Ahmedabad registered 6% and 5% increase, respectively.  In other cities, prices showed only nominal increases, between one and three per cent.  

(The cities coved in the analysis are Ahmedabad, Bengaluru, Chennai, Gurugram (includes Bhiwadi, Dharuhera and Sohna), Hyderabad, Kolkata, Mumbai (includes Navi Mumbai and Thane), Pune and Noida (includes Greater Noida and Yamuna Expressway))