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For India to become $5 trillion economy, private sector must rise to the occasion: Amitabh Kant

CFO News

If you have to become a $5 trillion and subsequently a $10 trillion economy and raise the per capita income of Indians… I think the animal spirit of the private sector must rise up to the occasion now,” said Amitabh Kant, India’s G20 Sherpa. “India needs to grow at minimum 8% per annum over a long period of time.

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Our challenge is lack of animal spirit in broader corporate India: Uday Kotak

CFO News

India needs to sustain 8% annual growth to become a $5-10 trillion economy, and the private sector must accelerate its investment, according to Amitabh Kant, India's G20 Sherpa. Uday Kotak, Executive Vice Chairman & MD, Kotak Mahindra Bank asks why can’t we see the animal spirit in broader corporate India? That is our challenge.

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Munchery Leaves Consumers, Vendors Out $6M

PYMNTS

Munchery had said it was planning to focus on its largest market, San Francisco, in an effort to become profitable, but that never happened. The business had raised more than $100 million in venture capital funding from investors including Menlo Ventures, Sherpa Capital, e.Ventures, and Cota Capital, among others.

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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable. Its venture capital investors included Greycroft, ACME Ventures (formerly known as Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13 and others, noted reports.

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Why Innovation Is Nothing Without Distribution

PYMNTS

But it was his Sherpa, Tenzing Norgay , who carried the equipment, prepared the route and took the risks to make sure that Hillary reached the summit alive. More recently, Alexa and Betty have become BFFs – there’s now an ASK Betty skill on Alexa. Sir Edmund Hillary is the first person to have reached the top of Mt. Distribution.

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Sizzle Or Fizzle: EMV, Apple, Birchbox (And Why Being First Isn’t The Same As Winning)

PYMNTS

It was an alphabet soup of sizzle/fizzle this week: EMV, WWDC, PLCC, CCI, and SFBI all rocked the payments and commerce world one way or the other. Read on if you want the full translation. EMV Certifications. Yes, they are a hairball , as we have previously reported. market do not have: the need for offline authorization. Main Street Businesses.

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Transcript: Dave Nadig

Barry Ritholtz

Let’s start in the 1990s when you were at Barclays, which eventually becomes BlackRock iShares. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest. His name is Dave Nadig. And we literally talk about during the show, I got a tag to present to the SEC, about their new single stock product.

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