Latest news with #Biyani
Time of India
17 hours ago
- Business
- Time of India
IIIT-Delhi's Chartr app eases bus commute in Delhi
Startups emerging from the academic institutions are increasingly shaping real-world solutions, with public transport in the national capital witnessing a notable example as a technology developed at the Indraprastha Institute of Information Technology Delhi (IIIT-Delhi) is now powering digital ticketing and live tracking for DTC and cluster buses, making daily commutes more efficient and commuter-friendly. In a rare and exemplary instance of academic research translating into real-world innovation, Chartr, a startup incubated at IIIT-Delhi, has successfully completed the full transfer of technology developed at the institute, said an official statement of IIIT-Delhi. The startup has commercialized products based on deep research and completed all formal licensing processes with the institute, a milestone that is among very few of its kind in the Indian higher education ecosystem. "We have built what is called as transport stack that can be taken to many cities in India. The stack contains tracking, journey planning, multimodal ticketing for public transit. The same has been deployed in Delhi in both cluster and DTC buses . This enables better services for the citizens," Dr Pravesh Biyani from IIIT-Delhi told PTI. Founded by Dr Biyani, Chartr builds on over seven years of rigorous research and development in the area of urban mobility and public systems optimization. Live Events Translating academic research into functioning products, navigating the challenges of deployment and building a startup that survives the early hurdles, all while maintaining integrity to licensing norms is rare, he added. Chartr has emerged as a pioneering force in public mobility solutions, offering real-time transit tracking, data-driven decision support tools and citizen engagement platforms, the statement said. Its systems are already live in multiple Indian cities, helping municipal bodies streamline bus operations, reduce commuter wait times and improve service reliability. IIIT-Delhi Director Prof Ranjan Bose said this is a "proud moment for us". "Chartr's journey exemplifies how academic research, when supported by forward-looking institutional policies, can make tangible impact. It sets a precedent and shows that Indian academic institutions can be fertile ground for world-class innovation ," he added. As Chartr moves into its next phase, scaling operations, ensuring recurring revenue and deepening customer relationships, the story serves as an inspiring model for future faculty-led startups, and a powerful validation of IIIT-Delhi's commitment to nurturing innovation with purpose.
India.com
5 days ago
- Business
- India.com
Meet man who was once 'retail king' of India, lost everything due to one mistake, owner of Rs 152257647298 is now bankrupt, name is....
Kishore Biyani (File) Kishore Biyani, the founder of Big Bazaar– India's first retail store– and the Pantaloons clothing brand, was once called the 'retail king' of India as his chain of retail stores earned hefty profits, often registering daily earnings well in excess of Rs 30 crore or more. However, a single mistake toppled the retail empire built by Kishore Biyani, bankrupted him, and sent him to the deepest pits of obscurity. Let us delve into the shocking riches to rags story of Kishore Biyani: The birth and rise and fall of Pantaloons The story begins in 1983, when after finishing college, Kishore Biyani decided to start his own venture, instead of joining his father's business. In college, Biyani found that stone wash trousers were wildly popular among young men in those days, and fabric's demand was increasing in India at a rapid pace. Realising the demand, Biyani purchased 200 meters of the fabric from Jupiter Mill, and sold it to earn a hefty profit. However, soon Kishore Biyani stumbled upon the idea of manufacturing and trading fashionable stone wash trousers instead of selling the fabric to other manufacturers, thus establishing the Pantaloons brand. Pantaloons grew at a rapid pace, and soon opened its first retail showroom in Kolkata, where the brand launched women's and kids' clothing along with men's apparel. The store's light colors, lighting, and the overall look and feel, were designed to evoke a calming shopping experience, and soon Pantaloons made Kishore Biyani the undisputed king of fashion retail in the country. How Big Bazaar made Kishore Biyani India's 'retail king'? After tasting success in fashion retail with Pantaloons, Kishore Biyani set his sights on capturing the growing grocery market. Biyani observed that people only spend about 8 percent of their income on clothes, and decided to sell groceries, stationery, food items, and jewelry along with clothing. Biyani's unique plan was to make everything, from clothes to groceries and kitchen essentials, available to consumers under a single roof, and thus Big Bazaar, India's first retail store, was born. Big Bazaar was targeted towards the growing middle class, so instead of an expensive, posh-looking store, Biyani decided that his retail store would have the feel of a regular grocery shop, where the sales persons were dressed in regular clothes, instead of bow ties and suits. The name Big Bazaar resonated with the common man, and made enhanced its appeal, and soon the brand grew into a behemoth that minted over Rs 30 crore on a daily basis. Kishore Biyani wanted to compete with local grocery shops, so his strategy revolved around offering cheaper prices than traditional grocery stores. Beyond Big Bazaar, Biyani wanted to establish a place where consumers could shop for all types of goods under a single roof, and thus opened the Central Mall in Bengaluru in 2004. The 20000 square meters mall had everything from footwear to home decor, food, grocery, jewellery stores, food courts, restaurants, pubs, and movie theaters. Biyani's Future Group– the holding company which had all his brands like Big Bazaar, Central Mall, Easy Day, and Pantaloons, under its umbrella– had the largest share in India's retail sector, and made Biyani the 'retail king' of India. The fall of Kishore Biyani After conquering the retail industry, Kishore Biyani desired to venture into every business which directly dealt with the consumer, but this proved to be downfall because his unplanned expansion resulted in mounting debt which ultimately swelled to over Rs 12000 crore. Soon, Biyani was forced to sell the Central Mall for Rs 476 crore, and while Big Bazaar kept going for year despite large debts, its sales crashed, and so did Biyani's retail empire, during the 2008 recession. In March 2019, Biyani sold the Pantaloons brand to the Aditya Birla Group for Rs 1600 crore, while banks froze the assets and shares of Future Group after he failed to clear debts. Later, Kishore Biyani sold Big Bazaar to Reliance Retail– Indis's largest retailer run by billionaire Mukesh Ambani's daughter Isha Ambani. Reliance has now renamed Big Bazaar to Smart Bazaar. Kishor Biyani net worth At the peak of his business success, Kishore Biyani had net worth pegged at USD 1.78 billion in 2019, according to Forbes. However, after bankruptcy, his current wealth is believed to be a fraction of the fortune he once owned.
Time of India
25-05-2025
- Time of India
Barging into CA's car at jn, woman robs gold & cash
Mumbai: A chartered account from Andheri lost gold and cash after an unidentified woman forced her way into his car at a traffic signal, and vanished with the valuables. Madan Biyani (51) was driving home late evening on May 7 when he pulled over to halt at Sahar Star junction. As he shifted to parking mode, the car doors unlocked automatically. He was caught unawares when the woman forced her way into the vehicle, asking for a lift. He said he pointed out to her that the car had no seats as they been removed to refurbish the upholstery. "But she still got in and parked herself on the floor, right beside me," he said, adding that his bag which contained gold ornaments, a gold coin, Rs 50,000, a few tech gadgets and a memory card with important files had been placed there. Biyani said he told her that it was a "government vehicle" after which she made a hurried exit. It was only after he had got reached home that he realised that the bag, with the valuables, had disappeared from the floor. More than two weeks later, Biyani said that he has learnt from private investigation that an organised gang is at work at the spot, and that its members have targeted at least four motorists in a similar manner. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo While a criminal offence was recently registered at Vile Parle police station, Biyani alleged that the police have been lackadaisical in the probe. The police, however, refuted this, stating that they have collected footage from the area to locate the woman or the gang.
