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India Gazette
02-07-2025
- Business
- India Gazette
80% of India's top nonprofit unicorns grow faster with govt partnerships: Report
Gurugram (Haryana) [India], July 2 (ANI): Eighty per cent of India's most impactful nonprofits startups-- referred to as 'nonprofit unicorns' -- have achieved large-scale success by partnering with the government, according to a report by accelerator for nonprofits Change Engine. Nonprofit unicorns are organizations that have created meaningful impact for at least one million people or 5 per cent of their target population. According to the report, 41 per cent of these nonprofits secured their first government partnership within a year of initial outreach. Even more notably, 42 per cent were able to break through via cold outreach -- reaching out directly to government officials with prepared materials and proposals. Varun Aggarwal, Co-founder of Change Engine said, 'The government holds unparalleled power to scale interventions; a single policy reform, a new institution, or a significant budget allocation can move the needle non-incrementally on societal challenges. To become unicorns, nonprofits must proactively partner with the government to create population-level impact.' The study selected 33 nonprofits from a pool of 100 based on the depth and breadth of their impact. More than half of these organizations (55 per cent) now operate in five or more states, either by improving government-run programs or by leveraging public infrastructure to deliver their own services. This wide reach demonstrates the government's role as a vital enabler for nonprofits aiming to create systemic change. Several nonprofits highlighted in the report provide powerful examples. The Vidhi Centre for Legal Policy supported Ministry of Finance by drafting reforms to improve India's bankruptcy code and continues to assist the Ministry of Corporate Affairs in implementing new laws. The SaveLife Foundation cut road crash fatalities by 58 per cent on the Mumbai-Pune Expressway and is now scaling its zero-fatality model to 100 highways with support from the Ministry of Road Transport and Highways. Rocket Learning, which focuses on early childhood education, has reached 150 districts across nine states, equipping over 150,000 Anganwadi workers with digital tools. Their students now perform in the top 30 per cent of average classrooms. 'The message to nonprofit founders is clear. To build scale, they need to think EPIC: build on Evidence, create Public goods, and scale high impact Interventions for Change. And to scale direct intervention, nonprofits need to partner with the government, engage with communities, or unlock the power of markets,' added co-founder Shubham Bansal. (ANI)
The Print
30-04-2025
- Business
- The Print
Indian stock markets open flat, reflecting mixed global cues, cautious investor sentiments
At the opening of the trade today, the Nifty 50 at the National Stock Exchange (NSE) was down 54.65 points or 0.22 cent, at 24,281.30, while the BSE Sensex was down 163.47 points or 0.20 per cent, at 80,124.91. Mumbai (Maharashtra) [India], April 30 (ANI): The Indian stock markets on Wednesday opened flat, reflecting mixed global cues and cautious investor sentiment. In the opening hour of the trade, about 828 shares were seen advancing, about 1224 shares declined, and 137 stocks remained unchanged. On NSE, the stocks of Dr Reddy's Labs, L&T, Cipla, Tata Consumer, and TCS were among the major gainers on the Nifty. On the other hand, Bajaj Finserv, Bajaj Finance, Trent, Tata Motors and SBI were the major losers in the initial trading. In the previous session, the markets ended flat following a volatile session. It opened with a gap of 42 points and experienced an intraday rally of 82 points. However, the momentum did not last long, and Nifty ended the session flat with a mere 7.45-point gain. Experts say that technically, the Sensex is encountering stiff resistance around 80,500, forming a small bearish candle near this level, indicating indecision among market participants. 'Options data reflects growing caution. Call writers now dominate, with significant open interest at the 24,500 strike (1.65 crore contracts), establishing a strong resistance,' said Varun Aggarwal, MD, Profit Idea. 'Nifty remains bullish across daily, weekly, and intraday timeframes. It has witnessed a breakout of a falling trendline, which converged with a double bottom breakout — indicating a potential major trend reversal,' said the Way2Wealth research team in its outlook note. The note added that on the technical front, Bank Nifty formed a bearish hammer pattern in yesterday's trading session and is facing stiff resistance at higher levels. 'The candlestick pattern indicates that some bearishness may continue in today's session,' the note added. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
Mint
30-04-2025
- Business
- Mint
Indian stock markets open flat, reflecting mixed global cues, cautious investor sentiments
Mumbai [India], : The Indian stock markets on Wednesday opened flat, reflecting mixed global cues and cautious investor sentiment. At the opening of the trade today, the Nifty 50 at the National Stock Exchange was down 54.65 points or 0.22 cent, at 24,281.30, while the BSE Sensex was down 163.47 points or 0.20 per cent, at 80,124.91. In the opening hour of the trade, about 828 shares were seen advancing, about 1224 shares declined, and 137 stocks remained unchanged. On NSE, the stocks of Dr Reddy's Labs, L&T, Cipla, Tata Consumer, and TCS were among the major gainers on the Nifty. On the other hand, Bajaj Finserv, Bajaj Finance, Trent, Tata Motors and SBI were the major losers in the initial trading. In the previous session, the markets ended flat following a volatile session. It opened with a gap of 42 points and experienced an intraday rally of 82 points. However, the momentum did not last long, and Nifty ended the session flat with a mere 7.45-point gain. Experts say that technically, the Sensex is encountering stiff resistance around 80,500, forming a small bearish candle near this level, indicating indecision among market participants. "Options data reflects growing caution. Call writers now dominate, with significant open interest at the 24,500 strike , establishing a strong resistance," said Varun Aggarwal, MD, Profit Idea. "Nifty remains bullish across daily, weekly, and intraday timeframes. It has witnessed a breakout of a falling trendline, which converged with a double bottom breakout indicating a potential major trend reversal," said the Way2Wealth research team in its outlook note. The note added that on the technical front, Bank Nifty formed a bearish hammer pattern in yesterday's trading session and is facing stiff resistance at higher levels. "The candlestick pattern indicates that some bearishness may continue in today's session," the note added. This article was generated from an automated news agency feed without modifications to text. First Published: 30 Apr 2025, 10:11 AM IST
