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Billionaire Tech Brothers Debut On India Rich List After Selling Company To A Chinese Consortium

“We need to know that we are doing something that’s fun”: Divyank and Bhavin Turakhia. Credit: Eric Millette for Forbes Anyone can play a video-game. But can you create one? That was the challenge that motivated brothers Divyank and Bhavin Turakhia to begin game programming when they were still in primary school. The challenge came from their father, a chartered accountant, who also bought them books on how to create games. At age 13, when Divyank had a computer project at school, he and Bhavin, who was 15, spent an entire year developing a business-simulation game. It starts with an animation sequence on how a commercial partner has cheated the player and taken over a company. So, with no money in hand, the player is charged with building a rival business from scratch. The ultimate aim is to gain 100% market share. The player must handle money and employees as well as create and manage budgets, allocating across departments like human resources, research, sales and marketing.

How India's Startups Are Feeding The Country's Unemployment Crisis

India is a country that is inhabited by more than 1.21 billion people, and by  2022  it is projected to replace China as the most populated nation in the world. This enormous size of its population has resulted in the difficulty of providing ample jobs to its citizens; the severity of the problem can be understood from the International Labor Organization’s (ILO) report titled  world employment social outlook , which states that the number of job seeking Indians is projected to reach 17.6 million people in 2017. Last year, the Chattisgarh Government’s Directorate of Economics and Statistics was barraged by  75,000  applicants for 30 peon jobs – a 14,000 Rupee position that involved basic tasks such as fetching tea. Amongst these queries many included requisitions from qualified engineers and management graduates. In 2011 around ten million Indians with graduate, post-graduate and technical degrees were looking for work. Unemployment rates were higher among the better qualified, a

The Link Between Happiness And Personal Missions

The intersection of the secret of happiness, how you don’t get to choose your mission and how different missions call different people different ways leads to some people being happier than others at any given moment. This is why it’s so important to latch on to an unmet need or a new way of connecting with people’s hearts, minds or souls. The Secret of Happiness Happiness is good. We learned from a  Harvard study  that it’s three goods: Doing good for others; Doing things you are good at and; Doing good for yourself. Thus, cherish your most important relationships and be a contribution. Do more of what you’re good at and less of what you’re not so good at. Take care of yourself, your health and well-being, your financial security and your work/life balance. You Don’t Get to Choose Your Mission The lesson from  Kate’s Farms  and others is that mission is not a choice. It’s dictated by others’ needs. Sometimes those others give you a mission or sometimes it hits you over the h

India On The Cusp Of A Major Growth Phase, Says Credit Suisse

Long relegated to second place behind China, Asia’s economic leader, there are clear indications that India is on the verge of a dramatic growth phase, according to analysts from the international investment bank, Credit Suisse. “India looks to be firing at last,” was one of the headings in the bank’s report which also contained a warning for international mining companies hoping to sell bulk materials, such as iron ore and coal, to the country. Self-sufficiency, which has long been a political objective in India, appears to be developing in bulk commodities with distribution problems that have dogged coal and iron ore being overcome. Piles of coal stand near a rail yard at the coal-fired NTPC Ltd. Badarpur Thermal Power Station in Badarpur, Delhi, India. Photographer: Prashanth Vishwanathan/Bloomberg The aim of the week-long visit by the Credit Suisse team was to see whether commodity intensive growth has started in India. The answer was positive, but with a mixed outloo