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‘Limited access to capital, gender bias biggest challenges for Indian women entrepreneurs’

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Kolkata, Sep 8: Lack of access to capital, gender bias at work place and a weak infrastructure in capacity building for women to derive necessary skill sets are the “key challenges” in the way of women entrepreneurship in India, a US-based woman entrepreneur and investment banker said here on Thursday.

“In India despite all the pro women government schemes, the awareness of how to get access to capital is very limited. The women may manage to get the debt but the access to private equity in the form of venture funding or mid to late stage funding is minimal,” Accelerator Group LLC Managing Director Seema Chaturvedi said in a media round table organised by the US Consulate General Kolkata at the American Center here.

She also stated that the women are victims of gender bias at workplace across the world and are stereotyped primarily as care givers in the household.

“It came out during the workshops that whether the woman is from New York or from Coimbatore, there were slimier experiences of significant gender bias at the work place. These experience was not related to being an entrepreneur but is more related to being a woman,” she claimed.

In the run up to the upcoming Global Entrepreneurship Summit (GES) 2017, Chaturvedi was in the city to engage with Global Links students, government officials, entrepreneurs, businessmen, start-ups, and NGOs for promoting entrepreneurship, innovation and business incubation through programmes. 

Claiming that the capacity building for women skills is strongly missing in this country, she said a lot women entrepreneurs in India do not have an ability to access certain opportunities as they lack certain soft skills like pitching their ideas to the investors.

“A lot of women either do not have access or are not aware of the opportunities, Some of them do not know how to pitch. So the bottleneck is more societal,” she added.

IANS

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No lay-offs by Wipro amid crorona crisis, no such plan

The Bengaluru-headquartered IT behemoth employs more than 1.75 lakh people in several countries across the globe.

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Azim Premji Wipro

Bengaluru, July 13 : Global software major Wipro has not laid off any employee during the Covid-19 pandemic nor has any such plan at the moment, a top company official said on Monday.

“I just want to give comfort and say this categorically that we have not laid off a single employee as the pandemic unfolded,” Wipro Chairman Rishad Premji said at the company”s 74th annual general meeting (AGM) held virtually.

“At the moment, we have no plans to lay off anybody at the company,” he said, replying to a female shareholder.

“We are trying to drive cost deductions through various other means operationally and otherwise,” said Premji.

The Bengaluru-headquartered IT behemoth employs more than 1.75 lakh people in several countries across the globe.

–IANS

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Google to invest Rs 75,000 crore to boost digitisation in India

The investment will focus on four areas important to India’s digitisation– first enabling affordable access to information to every Indian in their own language.

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Sundar Pichai

New Delhi, July 13 : Google CEO Sundar Pichai on Monday announced a Google for India digitisation fund through which, the company will invest Rs 75,000 crore or approximately $10 billion over the next five to seven years to help India go digital.

“We will do this through a mix of equity investment, partnerships and an operational infrastructure ecosystem in India. This is a reflection of our confidence in the future of India and its digital economy,” Pichai said during the Google for India virtual conference.

The investment will focus on four areas important to India’s digitisation– first enabling affordable access to information to every Indian in their own language.

“Second, building new products and services that are deeply relevant to India”s unique needs. Third, empowering businesses to continue or embark on digital transformation. And fourth, leveraging technology and Artificial Intelligence for social good in areas like health, agriculture and education,” the Google CEO said.

India’s Union IT Minister Ravi Shankar Prasad were also present during the conference.

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Business partner of Rajasthan CM’s son under ED scanner

Sharma was summoned by the ED four days ago. The agency suspects that large scale overseas transactions have taken place.

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Ashok Gehlot

New Delhi, July 13 : Amid political crisis in Rajasthan, the Enforcement Directorate (ED) on Monday conducted raids at Hotel Fairmont in Jaipur.

Investor Ratan Kant Sharma, close aide of Chief Minister Ashok Gehlot’s son, is under the agency’s scanner.

Sharma had allegedly received around Rs 96.7 crore from Mauritius and has stakes in Hotel Fairmont. Sharma and Vaibhav Gehlot, son of Chief Minister Ashok Gehlot, are business partners.

Sharma was summoned by the ED four days ago. The agency suspects that large scale overseas transactions have taken place.

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