Dec 1, 2015 - India's renewable energy push unlikely to help bridge development deficit

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Sree Vijaykumar From the Editor's Desk As I was reading through Kashyap Deorah's interesting debut book, 'The Golden Tap', it struck me that there are 2 kinds of startups in India right now. There's the 'X for India' startup, eg: Uber for India, Amazon for India, Alibaba for India, etc. Not taking away from the hard work required to build these, these are 'market bets' that VCs are more willing to take a risk on. The founding team needs to be good, but that's a hygiene factor. So IITians are a safe bet (gives comfort to the VCs). Complimentary cross-disciplinary founders are good. Past experience is ok, but not required. So now that I can rationalize how 25 year olds are raising hundreds of millions of dollars, the world feels normal again. The other type of startup is the one which has no parallel in the US or China. Justdial comes to mind. It had a much longer journey to success. Also, Freecharge, which was a relatively quick success, but it had extraordinary metrics (Growth, CAC, etc). Ultimately, extra-ordinary metrics always work. And not the kind where you give away Rs 100 to make Rs 80, unless it's an 'X for India' model with a large market, in which case even that is allowed - Comment India's renewable energy push unlikely to help bridge development deficit Foreclosing the option of using coal doesnt look like much of an option. “Coal will continue to be the mainstay of Indias energy basket. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans RBI widens pool of international investors eligible to lend to Indian companies The central bank raised the limit for small value external commercial borrowings with minimum average maturity of three years to $50 million. 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Bharti Airtel started the journey in Indian telecom market in 1998 when it announced Foxconn invests in India's mobile internet company MoMagic Foxconn subsidiary FIH Mobile Limited has acquired a 10 per cent stake in mobile Internet market company MoMagic which had earlier got investment from silicon major MediaTek. TRAI to mobile cos: Don't insult users Telecom regulator RS Sharma has slammed mobile phone operators for “insulting” their subscribers by saying that many will deliberately drop calls to claim compensation. Following Flipkart footsteps, Myntra re-launches its mobile site after eight months Flipkart owned fashion retailer Myntra is now relaunching its mobile website, after shutting it down on May 15th this year. 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