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Isha Ambani, Reliance Retail’s non-executive director, and Alakh Pandey, founder of Physics Wallah, are among the young entrepreneurs who made it to the 2024 Hurun India Under-35 list. The list also includes Reliance Jio Infocomm chairman Akash Ambani and Ghazal Alagh, co-founder of Mamaearth.
Anjali Merchant, director at Encore Healthcare, joined her sister, Radhika Merchant-Ambani, in being recognized, along with Aneri Patel and Aneesha Tiwari for their roles in family businesses. Ghazal Alagh's Mamaearth debuted on the BSE this year.
Other notable mentions include Saloni Anand, co-founder of Traya Health, and Parita Parekh, the 32-year-old founder of Toddle, an online platform for educators.
Hurun India's report highlights 150 entrepreneurs under 35, recognizing first-generation leaders with a minimum business valuation of $50 million and next-generation leaders with $100 million.
Benchmark stock indices continued their upward trend, hitting a record high for the sixth consecutive session, driven by gains in IT stocks. The S&P BSE Sensex rose by 67.47 points to reach 85,903.59, while the NSE Nifty50 gained 14.70 points, standing at 26,230.75 at 9:25 AM.
Infosys led Nifty50 gainers with a 2.58% rise, followed by Hindalco Industries at 2.53%, and Wipro at 2.50%. Larsen & Toubro Infotech (LTI) and Tech Mahindra also gained 2.17% and 2.15%, respectively.
Nifty IT was the top-performing sector, up 1.79%, followed by Nifty Metal, which climbed 1.37%. Other sectors such as Nifty Consumer Durables, Nifty Pharma, and Nifty PSU Bank also posted gains.
On the downside, Nifty Realty fell 0.77%, while Nifty Media, Nifty Financial Services, and Nifty Bank also saw minor declines.
Swiggy, the Softbank-backed food delivery giant, announced plans to raise Rs 3,750 crore ($448.56 million) through its upcoming initial public offering (IPO). According to its draft prospectus, key investors such as Accel India and Tencent Europe will offload approximately 185.3 million shares.
This highly anticipated listing comes during a surge in India's IPO market, with 198 companies raising $7.1 billion by September 4, more than double compared to last year.
Swiggy, headquartered in Bengaluru, competes fiercely with Zomato in India's online food delivery space. Both companies are also investing heavily in the quick-commerce sector, which promises ultra-fast delivery of groceries and other essentials in under 10 minutes.
Swiggy’s IPO is expected to be one of the largest public offerings in India this year.
Prime Minister Narendra Modi virtually inaugurated three Param Rudra Supercomputing Systems and a High-Performance Computing (HPC) system for weather and climate research. During the launch, he emphasized that India has taken a major step toward self-reliance in computing and fostering innovation in science and technology.
In a prior post on X (formerly Twitter), PM Modi invited the youth to witness the event, which took place at 5:30 pm via video conference.
The three supercomputers, developed indigenously under the National Supercomputing Mission (NSM) at a cost of Rs 130 crore, are deployed at key locations in Delhi, Pune, and Kolkata. These systems aim to enhance India’s capabilities in scientific research, according to the Ministry of Science and Technology.
The launch is part of the government's broader mission to strengthen India's position in advanced computing technologies.
