Teva Pharmaceutical Industries: Teva Pharm's US production will help to limit US tariffs impact, CEO says, ET Manufacturing
ET Smart Factory Summit 2025 The manufacturing sector stands as a cornerstone of India's economy, contributing significantly to GDP and providing employment to millions.
ET Aerospace & Defence Manufacturing Summit 2025 India's aerospace and defence sector is experiencing rapid expansion, driving forward the manufacturing industry by producing aircraft, ships, spacecraft, and weapon systems, among other equipment that meet international quality standards. This growt
ET Supply Chain & Logistics Conclave 2025 The logistics sector, a linchpin in trade and commerce, plays a pivotal role in supporting India's import and export business and contributes significantly to its overall economic growth.
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Time of India
35 minutes ago
- Time of India
Viral Mumbai auto driver loses Rs 8 lakh per month income in his side business after he attracts attention of police
Not all fame leads to fortune—sometimes, it brings unforeseen consequences. A Mumbai-based autorickshaw driver, once celebrated online for his out-of-the-box entrepreneurial spirit , has seen his thriving venture abruptly shut down. What started as a smart, demand-driven side hustle earning him between Rs 5 to Rs 8 lakh monthly has now ended under the weight of legal and security driver had ingeniously addressed a major gap near the US Consulate in Bandra Kurla Complex (BKC), Mumbai. Due to strict security protocols, applicants visiting the consulate were prohibited from carrying their personal belongings, including bags, inside the premises. Spotting a unique business opportunity in this limitation, the autodriver parked just outside the building and offered to safely store bags for visa applicants. His service gained popularity quickly, particularly because no official storage or locker facility existed to a Hindustan Times report, after the driver's innovative setup gained widespread attention through a LinkedIn post, it attracted not only praise but also scrutiny. The recognition came from Rahul Rupani, a product leader at Lenskart, who highlighted the autodriver's daily routine of serving 20 to 30 clients, generating impressive earnings of Rs 20,000 to Rs 30,000 per day. Rupani applauded his street-smart business model and noted that his monthly income rivaled that of experienced professionals in the corporate world—despite his lack of formal business training or technical this burst of attention also reached the authorities. As reports of the operation spread, Mumbai Police quickly stepped in. Officials summoned the autodriver and a dozen others who were offering similar services near the consulate. According to a senior officer from the BKC police station, the operations were in direct conflict with local security mandates. The consulate is a high-security zone, and no parking or unauthorized commercial activity is allowed nearby, especially involving the storage of unverified personal police noted that neither the autodriver nor the others involved had obtained any formal permission to provide storage services. Storing random belongings in such a sensitive area was deemed a potential security threat. As a result, the locker service was promptly terminated, and strict warnings were issued to all individuals involved to cease and desist from restarting any similar service in the started as an inspiring example of entrepreneurial grit has ended in silence. The autodriver's story now stands as a reminder: while innovation can spark success, going viral without legal safeguards can sometimes shut the very doors it opens.
Mint
10 hours ago
- Mint
Mumbai police shut down 'locker service' of auto driver who went viral for earning ‘ ₹5–8 lakh': ‘Licence only to...'
An auto driver from Mumbai recently made headlines after a LinkedIn user heaped praises on his "brilliant business" model -- where the social media user claimed that he earns ' ₹ 5 to ₹ 8 lakh' a month not by driving the auto, but by just standing outside the US consulate in Mumbai's Bandra Kurla Complex (BKC) and safeguarding the belongings of the visitors. The driver has now landed in hot waters as Mumbai Police have summoned him along with 12 others involved. Last week, VenueMonk co-founder Rahul Rupani had shared the auto driver's story on LinkedIn, which went viral on social media, leaving several users in "disbelief." The man in the post claimed that he was not allowed to carry his bag inside the US consulate during his visa appointment and was unsure of where to keep his belongings. That's when a nearby auto driver extended a helping hand — but with a 'fee of ₹ 1,000'. 'Sir, bag de do. Safe rakhunga, mera roz ka hai,' the driver reportedly said. In his viral post, he claimed the driver was making ₹ 5–8 lakh a month through this side hustle. The post drew attention, even earning praise from billionaire Harsh Goenka, who called it 'pure Indian jugaad.' However, the driver's claimed earnings have now been debunked. As the post went viral, Mumbai Police summoned the auto driver along with 12 others who were offering similar locker services to US consulate visitors. A senior officer from the BKC police station told Hindustan Times that 'parking is strictly prohibited' in the area due to heightened security, and auto drivers are only allowed to 'drop passengers off and leave.' The police also noted that the drivers had no legal permission to run locker services or store items in nearby shops. Authorities flagged that 'any misplaced items could lead to serious security risks.' 'The auto driver has a licence to transport passengers, not to run a locker service. Therefore, we inquired into the matter and he has now stopped providing lockers,' police told Free Press Journal.
NDTV
10 hours ago
- NDTV
"Rs 13 Lakh A Year": Mumbai Man Highlights High Cost Of Raising A Child, Sparks Debate
A LinkedIn post by a Mumbai-based man has caught widespread attention for highlighting just how expensive it has become to raise a child in urban India. In his post, Ankur Jhaveri calculated the cost of raising a child in a metropolitan city after having a conversation with his cousin, who teaches at an international school. "I never realised the real cost of raising kids in India, until I met my cousin last week," he wrote in his post, before offering a glimpse into the staggering numbers involved. According to Mr Jhaveri's breakdown, just the tuition fee at a reputed international school could set parents back by anywhere between Rs 7 to Rs 9 lakh a year. That, he said, was just the beginning. "Add to it the cost of uniforms, books, private tuitions and other stuff - another 2 to 4 lakhs a year," he added, bringing the total education-related expense to roughly Rs 12 lakh a year. Then, Mr Jhaveri also factored in a few other expenses. "Add to it some additional coaching/extra-curricular activities, clothes, birthday parties, leisure expenses, etc., at Rs 8000-10,000/month (Rs 1 lakh a year)," he wrote. Altogether, he estimated the yearly spend at roughly Rs 13 lakh per child. Mr Jhaveri then calculated that if a parent spends roughly 30% of their income on their child, the net salary needs to be around Rs 43-44 lakh per year. And when you include taxes, the figure goes up further. "But abhi baaki hai mere dost... The fun part is still left - Income Tax! Assuming you pay 20% of your salary as tax... your gross salary, to afford this lifestyle for your kids, should be about Rs 55 lakhs," he wrote. It doesn't end here. "This is if you have ONE kid," he pointed out. "Have another one, and these numbers increase substantially," he said. In the conclusion, Mr Jhaveri wrote, "I always used to wonder why people these days don't want to have kids. Now I know why..." He also acknowledged that his figures were a rough estimate and invited input from parents: "Those of you who actually have kids, please tell me what else I'm missing (I'm sure there's something)." Predictably, the post has sparked a debate online. While some parents agreed with Mr Jhaveri, others argued that such expenses only applied to those aiming for premium education in metro cities. "This is present cost. What about the future cost of any professional degree or course, especially if planning abroad?" wrote one user. "I guess the real problem that needs to be solved first is not the high cost of Education..... It's FOMO," commented another. However, disagreeing with Mr Jhaveri, one user said, "I would tag these schools as "branded" schools. My school fees was less than Rs 15k a year, i believe it has not touched the lakh figure yet. So choosing good school vs branded one is more important." "I am shortlisting schools... and you get decent ones within a lakh to Rs 1.5/yr all inclusive," arguing that the estimate seems skewed by considering only top-tier schools," commented another.
