Daybreak

IRMA's transformation into Tribhuvan Sahakari University is causing a stir among students and faculty. The original mission to empower rural managers under Verghese Kurien is now overshadowed by concerns of bureaucracy and placement fears. With plans to affiliate around 300 institutions, the shift raises questions on whether IRMA's unique vision will thrive in a larger system. This makeover blends ambition with anxiety, highlighting the challenges of scaling cooperative education in India.

India has witnessed a staggering 90% increase in millionaire households in just four years, sparking a competitive frenzy among wealth managers. Established firms are racing to attract high-net-worth clients by offering enticing deals and nurturing relationships. However, today's affluent individuals are more discerning, favoring advisory services and even establishing their own family offices. This shift is forcing traditional firms to adapt their revenue models and rethink their strategies in the face of new, cost-cutting challengers.

Gold prices are hitting all-time highs globally and in India, surging over 40% this year. Experts suggest this is driven by central bank purchases and expectations of U.S. rate cuts, which weaken the dollar. This gold rally signifies a squeeze on India's economy, impacting jewelry costs and imports while putting pressure on the rupee, which has fallen significantly. The discussion reveals important insights into how gold’s rise reflects broader global financial trends.

Private equity is transforming Indian schools, but the changes are causing concerns. With a focus on cost-cutting, many institutions are facing teacher turnover and declining student numbers. The discussion highlights how the shift from founder-led management to a standardized model is impacting the educational quality and culture. As global operators take over, the promise of better resources is overshadowed by lean budgets and shrinking salaries, leading to a crisis in both teaching staff and student engagement.

India's largest stockbroker is gearing up for a grand IPO while grappling with clients leaving and tightening regulations. Behind the scenes, Groww is acquiring the struggling wealth-tech startup Fisdom for $150 million. Their new venture, 'W,' aims at catering to affluent clients, but questions loom about whether this shift is genuine or merely for show. The podcast dives into the thrilling but challenging landscape of wealth management, raising the stakes for Groww's future success.

Discover how a major SaaS player is challenging the status quo by rejecting the 'cloud and AI tax.' Zoho is crafting its own AI models and data centers to support small and medium enterprises. Unlike competitors relying on third-party services, Zoho’s homegrown approach aims to keep costs down while managing risks. Tune in to learn about the innovative strategies and potential pitfalls Zoho faces in building AI from scratch.

Anna Elias, a PhD scholar at Erasmus University, sheds light on the impact of digital platforms on informal sector livelihoods. In a compelling discussion, she explores the success of Urban Company's IPO while revealing the struggles of gig workers, particularly women, who seek basic rights and protections. Personal stories of resilience highlight their challenges, from financial instability to unfair rating systems. The conversation calls for urgent reforms to ensure that these vital workers are recognized and supported in the evolving gig economy.

Exploring the journey of a YouTube tutor turned edtech mogul, the discussion reveals the ambitious leap of a ₹3,820 crore IPO, making waves in India’s education sector. The company’s rise has been fueled by accessible learning resources and a loyal student base. However, the spotlight is on its founder's larger-than-life presence, raising questions about sustainability and investor confidence as the firm enters the public market. Will one man’s charisma hold up under scrutiny? Tune in for insights!

India's trade relationship with the UAE is flourishing, surpassing $100 billion and offering enticing benefits for manufacturers. Companies like Tata are flocking to tax-free zones, drawn by capital access and superior infrastructure. However, this partnership raises crucial questions about whether the UAE serves as a launchpad for India’s global aspirations or poses a threat to its own manufacturing goals. As global ties shift, India's pivot to the UAE could redefine its economic landscape.

India's recent online gaming ban has sent shockwaves through the payment industry, impacting giants like Razorpay and PhonePe. These companies, once thriving on gaming-related revenues, now face a significant financial hit, with some losing up to 30% of their net income. The podcast delves into the broader ramifications for these fintechs, their quest for alternative growth strategies, and how this sudden shift could reshape the payments landscape in India.