Stone laid for ₹12.72 crore Flatted Factory Complex in Srikalahasti
Srikalahasti MLA Bojjala Venkata Sudheer Reddy laid the foundation stone for a Flatted Factory Complex (FFC) at Rachagunneri village in Srikalahasti mandal in Tirupati district on Tuesday.
The project marks the first MSME facility in the undivided Chittoor district, as a part of the Andhra Pradesh government's initiative to launch 175 MSME parks. The ₹12.72 crore project will be developed on 1.04 acres of land and will include 30 industrial units, with designated space for banks, storage and administrative facilities.
Mr. Sudheer Reddy recalled the emotional attachment of his father and former State Minister Bojjala Gopalakrishna Reddy to the region, which became known for industrial development during his regime. 'Even today, the IIT, IISER and scores of industries in Srikalahasti, Yerpedu and Renigunta mandals owe their existence to the efforts of late Gopalakrishna Reddy,' Mr. Sudheer Reddy recalled.
Thanking Chief Minister Nara Chandrababu Naidu for envisioning a unique space for MSMEs, and IT and Industries Minister Nara Lokesh for focussing on bringing industries and startups to the State, Mr. Reddy observed a noticeable acceleration in industrial activity and employment generation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
an hour ago
- Hindustan Times
IIT Delhi to offer ‘B. Tech. in Design' for JEE Advanced 2025 qualifiers, know about the four-year UG programme
The Indian Institute of Technology (IIT) Delhi will be offering 'B. Tech. in Design', a new four-year UG programme by the institute's Department of Design from the academic year 2025–26. As per IIT Delhi, the admission to the in Design programme will be based on JEE Advanced rankings. In addition, applicants will also need to qualify the design aptitude test, UCEED (Undergraduate Common Entrance Examination for Design). Also read: Qualified JEE Advanced 2025? Here's all you need to know about IIT Delhi's Open House in Delhi, Mumbai & Bengaluru Through the programme, students will learn about prevalent technologies, systematic design thinking processes, research methods for analyzing socio-technical systems, communication and presentation skills, and teamwork. The in Design is a transdisciplinary programme that combines the strengths of technology and design, IIT Delhi stated. Also read: JEE Advanced Results 2025: Rajit Gupta of IIT Delhi zone tops CRL with 332/360 marks The programme will also offer courses relating to the core discipline of design and the rest from other departments, centers, and schools (like the other B. Tech. programmes). Through the programme curricula, there will be easy collaboration and partnerships between the design department and other departments/centers/schools. Also read: OJEE Results 2025 declared, direct link to download Odisha Joint Entrance Examination rank card The in Design programme will also focus on product design. For more details, visit the official website of IIT Delhi.
News18
2 hours ago
- News18
OkCredit Founder Harsh Pokharna Reveals Why He Started The App
Last Updated: In a LinkedIn post, Harsh Pokharna, co-founder and CEO of OkCredit, shared how he grew up as the kind of kid no one noticed. 'I didn't build OkCredit to help shopkeepers. I built it because I wanted the world to clap for me." That's how Harsh Pokharna, co-founder and CEO of OkCredit, begins one of the most honest posts you will read from a founder. Instead of sugar-coating his journey, Harsh chose to open up about the real reason he started a company. It wasn't for the mission or the market, it was to feel 'seen." In a LinkedIn post, the Bengaluru-based CEO shared how he grew up as the kind of kid no one noticed. 'Not the funny one. Not the charming one. Not even the nerdy topper. Other kids were cooler – Better English, better clothes, better hair, more confidence," Harsh wrote. And that left a mark. So, he made a promise to himself: 'Build something so big, they have to notice you." His journey wasn't driven by some big noble purpose in the beginning. 'I didn't give a s*** about ledger books or UPI adoption in tier 2 towns. That all came later." The need for recognition drove him. 'I wanted to be seen. To feel like I mattered. To prove that I wasn't a nobody," the entrepreneur said. Harsh admitted that even today, part of him still craves that spotlight. 'The funding announcements. The spotlight. The validation. It feeds that broken part of me that still thinks he's not enough," he stated. 'People think startups are built on great ideas. But more often than not, they're built on childhood wounds," he continued. Harsh's post struck a chord with many. People praised him for his honesty and vulnerability. One user commented, 'Finally, someone said it and it's the naked truth. Thanks for sharing and making LinkedIn a bit authentic." Another added, 'Takes a lot to realise this and courage to speak these words. Inspiring." 'Sometimes what drives us isn't the product, but the human need to be seen and valued. Real leadership starts when we face that," someone else noted. A person remarked, 'Not many will dare to be candid but this is so true & raw. No stories needed." Harsh Pokharna, an IIT graduate, co-founded OkCredit in 2017 along with Aditya Prasad. OkCredit is a digital bookkeeping platform aimed at simplifying financial transactions for small businesses.
Economic Times
a day ago
- Economic Times
Raamdeo Agrawal reveals his simple 2-step formula for finding multibagger stocks
In a market teeming with noise, legendary value investor and Motilal Oswal Financial Services co-founder Raamdeo Agrawal believes the formula for spotting the next multibagger is surprisingly simple but understood by very few. ADVERTISEMENT 'No one really understands compounding,' Agrawal said in a candid conversation with ET Markets. 'Even in an IIT class, maybe just one person gets it.' The power of compounding, he said, is rarely appreciated because 'you cannot see the future.' The billionaire investor broke down his multibagger framework into two key factors: early-stage tailwinds and good management. 'When there is a combination of good management and tailwind, and you are in the early stage of that tailwind, you are sitting on a multibagger formula,' he said. Agrawal emphasized that compounding remains a mystery even to those trained in the best institutions. The reason? It deals with the future — something abstract and often uncomfortable for most people to internalize. 'If I understand compounding and others don't, I'm like a one-eyed king among the blind,' he quipped. Also read | Sensex will hit 1.5 lakh by 2030 & 3 lakh by 2035! Raamdeo Agrawal makes big prediction To illustrate its power, he offered simple math: A 25% annual return multiplies wealth tenfold in ten years. At 35%, it's 20 times. At 45%, the return becomes 40x. That's the wealth creation potential he believes more investors need to grasp — not just theoretically, but with conviction. ADVERTISEMENT Agrawal also addressed how to value fast-growing businesses. If a stock can grow earnings 40x over a decade, it makes sense to pay a premium upfront — even a P/E ratio of 100, he said. ADVERTISEMENT 'You start by looking at the index valuation,' he explained. 'If the market gives 15% return at 20 P/E, then you must reward companies with higher growth prospects with higher multiples.'Valuation, according to him, is always relative and dynamic. 'There's no absolute value in the world. It's like real estate. You want to know the value of a new building? You look at the old one next door.' Market prices, he added, get reset daily, sometimes hourly, based on fresh information and sentiment. ADVERTISEMENT Asked about the frothy valuations of certain smallcaps in the recent bull market, Agrawal was unequivocal: 'They were all wrong, and they will correct.' Valuations may vary among investors, he admitted, but not by absurd degrees. 'If I say the price should be ₹300, my friend may say ₹350–400. But if someone says ₹4,000, then either you come to my place for tea, or I'll come to yours. We need to reconcile.'This, he explained, is where market discipline eventually kicks in. Retail exuberance can distort short-term prices, but long-term fundamentals prevail. ADVERTISEMENT India's retail revolution has changed the character of its stock market. From just 2 crore demat accounts in 2020, the figure has exploded to 20 crore today. But Agrawal noted that beneath this surface lies a sharp divide.'The real control is still with the one crore serious investors,' he said. 'They own 90% of the market. The remaining 90% of demat holders own just 10%. So while the new entrants may create volatility, they don't control direction in the long run.'Still, he acknowledged that this influx has made the market more unpredictable in the short term. 'You're now dealing with a disproportionately large number of misinformed or ill-informed traders.'Agrawal believes all valuation metrics are valid — depending on the investor. 'There are four or five moving parts: sales growth, profit growth, ROE. These are core. Then valuation depends on your perspective.'For a pension fund from Canada, a 5% dollar return may be sufficient. For an Indian investor, the bar is higher — maybe 18%. 'This market is made up of everyone,' he said, adding that one yardstick won't work for human tendency to group companies — like "cement stocks" or "banking stocks" — may help simplify investing, but Agrawal warned that each company is unique. 'You have to understand that uniqueness to value it. Every cement company is different. Every bank is different.'This depth of understanding is often what separates successful investors from the sees the current market as being held up by consistent domestic inflows and a relatively benign macro backdrop. 'The Pakistan tension is gone. Oil at $60–70 is fantastic for India. It changes our trade balance and strengthens the rupee,' he also noted the mean reversion underway. 'Last year, the index rose just 7–8% while portfolios were up 25–30%. I had warned of reversion to mean — and it's playing out now.'The biggest takeaway? Don't try to time the market every day. Instead, look for businesses with early-stage tailwinds and strong leadership — then stay invested.'The real money is made by holding long term,' Agrawal said. 'If you want a multibagger, look for the tailwind before it becomes obvious.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
