Connect with us


Azim Premji Life Lessons



Azim Premji Life Lessons,Startup Stories,10 Important Life Lessons by Azim Premji,Life learnings and advice from Wipro founder Azim Premji,10 Entrepreneurship lessons to learn from Azim Premji,#AzimPremji,5 life lessons from Azim Premji that will help you succeed

Azim Premji, a business tycoon who is known for changing the face of Wipro, retired last week, leaving the reigns of his massive empire to son Rishad.  When Wipro began manufacturing vegetable and refined oils in Amalner, a district in Maharashtra, little did people think it would today become the front of 70 plus companies!  Before the tides of wind changes, here is taking a look at some life lessons from the man who gave India the Wipro of today.

Azim Premji Life Lessons:

1. Know your strengths

While it is important to know your weaknesses, in order to make a mark in today’s competitive world, it is important to know and play to your strengths.  If Premji hadn’t followed this principle, he wouldn’t have turned around a $ 2 million vegetable and refined oil manufacturing company into a $ 7 billion company with a presence in more than 60 countries! According to Premji, the only way to correct your weakness is by playing to your strengths!

2. Stay honest, persevere and work hard

According to Premji, while innovation is all well and good, in order to grow, you must stay honest, persevere and work hard toward your goal.  The more you rely on self help books and on the intuitions of those around you than your own, you forget where you started. Think of the bigger picture and make sure even if it takes time, you don’t lose sight of the three rules of success.  When Wipro was started by Azim Premji’s father, it worked only with a certain type of product.  However, when Premji took over, he realised the amount of potential the Company had and by putting in a lot of hard work, he made Wipro the conglomerate it is today!

3. Take charge

Unless you take charge and show the world what you can do, you can’t make an impact. Despite leaving college for a while when his father passed away, Azim Premji pushed himself to do better than when it was run by his father. When Premji stepped into the Wipro factory at the age of 21, he did so against the advice of more than just one well wisher. People told him he should have applied to a soft and cushy job at an established place.  However, it was because Premji took charge, he changed the way Wipro was perceived!

4. Stick to your values

According to Premji, the core value of any business is your values.  Stand by what you believe in and once you do, you can escape whatever tricky situation you face.  Don’t compromise on your beliefs and while success may not instantly come, the reward you get will be far greater at the end of the day!  Premji always believes in standing for your values because when things go back, your values are the only ones which give you direction. Even though he had so many challenges throughout his career, Premji followed Mahatma Gandhi’s philosophy and made sure, throughout his tenure as the CEO of Wipro, he never did anything his conscience wouldn’t allow.

5. Always look for opportunities

More often than not, people don’t realise change is a constant factor.  Furthermore, what people don’t also realise is managing change has a lot to do with the way you perceive the situation.  To break the pattern and to feel better about your situation, focus on what you can learn from the tough path in life. You need to understand, with change come fear and insecurities.  However, if you let the insecurities take over, you can’t get ahead. Creativity and innovation need inspiration. If Azim Premji hadn’t grasped all he could learn at Wipro, he would never make it to the top.

6. Always give back

One of the best things people remember about Premji is his philanthropic side.  Shortly after taking over as CEO of Wipro, Premji started donating his funds to organizations and people about whom he cared.  Apart from being the first Indian to give away 25 % of his wealth as a part of the Global Giving Pledge, Premji also set up a non profit organisation, Azim Premji Foundation, aimed at improving primary education in India.  The trust helped set up a university in Bangalore and works with the goal of improving the quality of education in India in a holistic way, rather than only through financial support. Despite being the third richest man in India as of 2018, Premji still believes in giving back, thereby making sure everyone is given an opportunity to make full use of their potential.

If you think we missed out on any other life lessons from Azim Premji, comment and let us know!

Artificial Intelligence

Reddit Soars After Strong Earnings and Upbeat Outlook



Reddit, the social media platform known for its online communities and meme culture, saw its stock price jump significantly after releasing its first earnings report since going public in March. Investors were impressed by the company’s strong financial performance and optimistic forecasts for the future.

The report highlighted a surge in user engagement, with daily active users increasing by 37% to 82.7 million in the first quarter. This growth was accompanied by an 8% rise in average revenue per user, indicating Reddit’s success in monetizing its platform. 

Perhaps the most significant factor driving the stock price increase was Reddit’s forecast for the second quarter. The company projected revenue to fall between $240 million and $255 million, exceeding analyst expectations. Additionally, Reddit anticipates achieving break-even status or even generating a profit, surpassing predictions of a loss.

This positive outlook can be attributed in part to Reddit’s flourishing advertising business. The company is also capitalizing on a new revenue stream: content licensing deals with artificial intelligence (AI) firms. Reddit’s vast collection of user-generated content provides valuable data for training AI models, attracting companies like Google.

Analysts believe Reddit is still in its early stages of monetization and predict continued growth in the coming quarters, fueled by advancements in ad targeting and measurement tools. This optimism is reflected in the stock price surge, which has climbed roughly 70% since Reddit’s IPO.

Overall, Reddit’s first earnings report paints a bright picture for the company’s future. With a thriving user base, increasing revenue opportunities, and a promising outlook, Reddit appears well-positioned for continued success in the ever-evolving social media landscape.

Continue Reading

How To

How Does Investment Startup Robinhood Make Money?



How Does Investment Startup Robinhood Make Money?,Startup Stories,How Robinhood Makes Money,How Does Robinhood Make Money?,How Robinhood Makes Money,How to Make Money Trading Stocks with the Robinhood App,Here's How To Make Money With Robinhood,My First Two Months Trading Stocks with Robinhood,How to Invest With Little Money: Our Beginner Guide,Robinhood,Robinhood Company

If you are an avid follower of news on the social media platform Twitter, chances are you might have read about GameStop and how a group of Redditors took on Wall Street hedge fund billionaires.  It all started when a Reddit user found Melvin Capital, a hedge fund company was shorting the GameStop stocks.  An analogy would be if a person x wants to buy 5 bananas which are being sold at INR 10 in the market,  and another person y already purchased 5 bananas.  X could borrow y’s bananas for a while and sell them with the hope the price will go down below INR 10.  Then x will purchase 5 bananas for a lesser price than INR 10 and give back the bananas to y thereby making a profit, in the difference of buying price.  A group of Redditers noticed what hedge funds were doing with GameStop stock and decided to buy all the available shares in the market which in turn led to stock value soaring through the roof.  Now imagine the bananas as GameStop stock and x is the hedge fund.  Now hedge funds have to return the borrowed shares but since they already sold, they had to buy it for a larger price than they hoped.  This in turn led to more than $ 5 billion in losses for hedge funds because they were shorting the GameStop stock.  

However, Robinhood, the zero commission investment and trading startup found itself in the midst of the storm.  This is because thousands of normal small investors wanted to purchase the GameStop stock and they did it via Robinhood.  Wall Street was not happy with the way a group of Redditors held hedge funds by their collars and lobbied to have the stocks delisted.

Mounting pressure from the Government and Wall Street forced Robinhood to delist GameStop, AMC and Nokia stocks from their trading roster which in turn led to huge customer backlash and lakhs of 1 star reviews on app stores of Apple and Android.  


Robinhood was founded by Stanford University graduates Baiju Bhatt and Vlad Tenev co-founded the company in 2013, with the aim of democratizing finance and making it more accessible to young and less affluent investors.  This was due to trading being carried on commission based platforms like ETrade and TD Ameritrade and by a very small set of people. What made the app so attractive to the normal public was the ease of using the platform and its zero commission slogan.   More importantly, Robinhood made the appeal of trading fun and interactive for the general public and the working class.  Investment applications normally charge a nominal fee or commission on the execution of any successful trade.

However, the app gained huge traction in 2019 just when the COVID-19 pandemic hit the world.  Stock markets crashed suddenly, wiping out billions of dollars in investor wealth.  However, this phase saw the rise of a new kind of investor.  Americans were given $ 1200 stimulus cheques to protect them from the economic fallout of COVID-19 pandemic.  Armed with these cheques, millions of trading novices began investing in the stock market via Robinhood.  

ALSO READ: How Does WhatsApp Generate Revenue

Revenue model

How does a startup which calls itself a zero commission brokerage earn revenue and manage to be profitable?  Robinhood was designed to make profits by selling the customer trading data to several investment firms on Wall Street.  This practice is known as high volume order flow.  In financial markets, payment for order flow refers to the compensation that a broker receives, not from its client, but from a third party that wants to influence how the broker routes client orders for fulfillment.  It is not illegal but it is often frowned upon, to use this strategy as it is also called a ‘kickback.’   This accounts for a lion’s share of revenue for Robinhood.

The second revenue generator is through interests.  Robinhood makes money from interest made by lending out investor’s idle cash.  Robinhood lends out uninvested cash sitting idle in customer accounts.

The third revenue generator is Robinhood Gold, the company’s premium account, allows investors up to $1000 of margin thereby allowing them to trade with more than they have in their cash balance on the app. 

While Robinhood has been caught in the middle of a nasty war between Wall Street and retail investors, there is no denying the fact that it changed the way people invest in the stock market.  

Continue Reading


How Do IPL Franchises Make Money



How Do IPL Franchises Make Money

If there is one thing that every Indian and every cricket fan waits for all year, it is the Indian Premier League, which is the world’s biggest cricketing league.  Professional cricket players from all over the world vie to get selected by one of the eight franchises which compete in the league.  The entire league is a star studded affair and Indians manage to forget their differences and band together for all the time the league is aired.  Each franchise boasts of a loyal fan following who have supported their teams through thick and thin ever since IPL was inaugurated in 2008.  While the entire league is a melting pot of entertainment and competition, have you ever wondered how the franchises make money in IPL?  In this article we will decode the business models behind the IPL teams and how they earn money.

Franchises need to bid for players every year before the start of the IPL season in an auction.  Each franchise has a maximum spend limit of Rs. 80 crores to buy players in the auction.  Apart from buying players each franchise also needs to bear the cost of travel, support staff and logistics.  The following are the different avenues from which franchises earn money.

1) Sponsorships

Franchises earn a major chunk of their revenue from sponsorships, but they do not get the money from sponsorships directly.  The IPL governing council gets money from sponsors and in the case of this year it is from Dream 11, which is the title sponsor while VIVO was the title sponsor last year.  All the money which is earned from sponsorships is divided into a ratio of 60:40 with the Board of Control for Cricket in India (BCCI) retaining 40% of the sponsorships.  The remaining 60% is distributed among the ten franchises.  BCCI owns and operates the IPL in India.  The ratio of distribution might change in the coming years depending on the decisions taken by the BCCI.

2)  Media rights

Broadcasting companies bid for the media rights and the winning bid will get to air the IPL on their channel.  Star India bagged the media rights for IPL with a bid of Rs. 16,345 crores for five years (2018-2022.)  The money from media rights are also distributed in the 60:40 ratio with BCCI keeping 40% and the franchises getting an equal distribution from the remaining 60%.

3) Franchise sponsors

Each franchise has its own dedicated sponsors which pay a huge amount of money to the franchise.  The logos and names of the companies which you can see on the sporting attire of every IPL team are actually the dedicated sponsors of their respective franchises.  The profit from dedicated sponsors depends on the deal the franchise has made with their sponsor. The income generated from dedicated sponsors might differ from team to team.

ALSO READ: 5 Cricketers Who Are Entrepreneurs

4) Sale of tickets

Each franchise can choose a home ground from the available venues in the BCCI roster like Sunrisers Hyderabad, choosing Hyderabad and Kolkata Knight Riders choosing Kolkata.  Only the home franchise can fix the price of tickets for the matches happening in their home ground.  Bigger stadiums with large seating capacity earn the most from ticket sales.  Kolkata Knight Riders home ground Eden Gardens has the highest seating capacity in India and therefore KKR earns the most from ticket sales.  

5) Merchandising

Each franchise makes some money by selling official jerseys, caps, wrist watches, souvenirs etcetera.  The merchandise is sold through the official franchise websites.

6) Prize money

Franchises battle it out in a long season to become the winner of the IPL season.  The winning team also wins a hefty prize money which is an additional source of revenue.  In 2019, the winning franchise won Rs. 15 crores while the runner up won Rs. 10 crores.

IPL is a big stage for franchise owners to earn their revenues as well as the perfect opportunity for players to make their mark and win big auctions.  This is how franchises earn their revenues from the IPL.  As this year’s edition is off to a flying start, IPL has been a blessing in disguise for millions of Indians in the gloomy times we currently are experiencing.  


Continue Reading

Recent Posts