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Best Hawkins cookers: Top 10 durable, high-performance picks to simplify and enhance your daily cooking experience

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Best Hawkins cookers: Top 10 durable, high-performance picks to simplify and enhance your daily cooking experience


Hawkins is a trusted name in the pressure cooker industry, renowned for its wide range of reliable and high-quality products. Whether you prefer stainless steel, anodised aluminium, or induction-compatible options, Hawkins offers cookers to suit every kitchen need and cooking style.

Cook with confidence and ease using reliable, durable, and efficient Hawkins cookers for every meal.
Cook with confidence and ease using reliable, durable, and efficient Hawkins cookers for every meal.

This article highlights the 10 best Hawkins cookers currently available, making it easier for you to choose the perfect one for your kitchen. Each product on our list comes with detailed descriptions, outlining its unique features and benefits, helping you understand how it meets your requirements.

Additionally, we’ve included a comprehensive feature comparison table to simplify your decision-making process further. From everyday cooking tasks to specialised recipes, these cookers ensure efficiency, durability, and outstanding performance. Explore the options to find the ideal Hawkins cooker that blends seamlessly with your cooking habits and enhances your culinary experience. Read on to discover the perfect addition to your kitchen!

The Hawkins Contura Anodised Aluminium Pressure Cooker is a durable and efficient cooker that is perfect for everyday use. It features a unique curved body for easy stirring, and the anodized aluminum construction ensures quick and even heat distribution. With a capacity of 3 liters, this cooker is ideal for small to medium-sized families. The sturdy handle provides a firm grip, and the pressure regulator ensures safe and efficient cooking.

Specifications of Hawkins Contura Anodised Aluminium Pressure Cooker

  • Anodized aluminum construction
  • Curved body for easy stirring
  • Pressure regulator for safety
  • Sturdy handle for a firm grip

3 liters capacity

  Reasons to buy   Reasons to avoid
Durable and efficient Small capacity may not be suitable for larger families
Curved body for easy stirring  
Sturdy handle for a firm grip  

The Hawkins Contura Pressure Cooker is designed for quick and efficient cooking. It features a sleek and modern design, with a capacity of 3 liters, making it suitable for small to medium-sized families. The hard anodized aluminum construction ensures durability and even heat distribution, while the pressure regulator and safety valve provide added peace of mind during cooking. The sturdy handle is designed for a comfortable and firm grip, making it easy to use.

Specifications of Hawkins Contura Pressure Cooker 3 Litres

  • 3 liters capacity
  • Hard anodized aluminum construction
  • Sleek and modern design
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Quick and efficient cooking May not be suitable for larger families
Sleek and modern design  
Sturdy handle for a comfortable grip  

Also read:Best Hawkins 3 litre pressure cookers for small families: Top 8 choices to experience effortless cooking

Hawkins Stainless Pressure Cooker 3 Litres

The Hawkins Stainless Pressure Cooker is a durable and reliable cooker that is perfect for everyday use. It features a stainless steel construction, ensuring long-lasting performance and easy maintenance. With a capacity of 3 liters, this cooker is ideal for small to medium-sized families. The sturdy handle provides a comfortable grip, and the pressure regulator and safety valve ensure safe and efficient cooking.

Specifications of Hawkins Stainless Pressure Cooker 3 Litres

  • 3 liters capacity
  • Stainless steel construction
  • Durable and reliable
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Durable and reliable May not be suitable for larger families
Stainless steel construction  
Sturdy handle for a comfortable grip  

Also read:Best Pigeon cookers: Top 10 options for effortless and delicious cooking with durable stainless steel construction

Hawkins Pressure Contura Anodized Induction

The Hawkins Pressure Contura Anodized Induction Cooker is designed for use on induction stovetops, offering versatile cooking options for every kitchen. The anodized aluminum construction ensures quick and even heat distribution, while the pressure regulator and safety valve provide added peace of mind during cooking. With a capacity of 3 liters, this cooker is suitable for small to medium-sized families. The sturdy handle is designed for a comfortable and firm grip, making it easy to use.

Specifications of Hawkins Pressure Contura Anodized Induction

  • 3 liters capacity
  • Anodized aluminum construction
  • Designed for induction stovetops
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Versatile cooking options May not be suitable for larger families
Designed for induction stovetops  
Sturdy handle for a comfortable grip  

The Hawkins Stainless CONTURA Pressure Cooker is a durable and efficient cooker that is perfect for everyday use. It features a stainless steel construction, ensuring long-lasting performance and easy maintenance. With a capacity of 3 liters, this cooker is ideal for small to medium-sized families. The sturdy handle provides a comfortable grip, and the pressure regulator and safety valve ensure safe and efficient cooking.

Specifications of Hawkins Stainless CONTURA Pressure Cooker

  • 3 liters capacity
  • Stainless steel construction
  • Durable and efficient
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Durable and efficient May not be suitable for larger families
Stainless steel construction  
Sturdy handle for a comfortable grip  

The Hawkins Stainless Pressure Cooker is a durable and reliable cooker that is perfect for everyday use. It features a stainless steel construction, ensuring long-lasting performance and easy maintenance. With a capacity of 3 liters, this cooker is ideal for small to medium-sized families. The sturdy handle provides a comfortable grip, and the pressure regulator and safety valve ensure safe and efficient cooking.

Specifications of Hawkins Stainless Pressure Cooker 3 Litres

  • 3 liters capacity
  • Stainless steel construction
  • Durable and reliable
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Durable and reliable May not be suitable for larger families
Stainless steel construction  
Sturdy handle for a comfortable grip  

The Hawkins Futura Anodised Aluminum Pressure Cooker is a versatile and efficient cooker that is perfect for everyday use. It features a unique curved body for easy stirring, and the anodized aluminum construction ensures quick and even heat distribution. With a capacity of 3 liters, this cooker is ideal for small to medium-sized families. The sturdy handle provides a firm grip, and the pressure regulator ensures safe and efficient cooking.

Specifications of Hawkins Futura Anodised Aluminum Pressure Cooker

  • 3 liters capacity
  • Anodized aluminum construction
  • Curved body for easy stirring
  • Pressure regulator for safety
  • Sturdy handle for a firm grip
  Reasons to buy   Reasons to avoid
Versatile and efficient Small capacity may not be suitable for larger families
Curved body for easy stirring  
Sturdy handle for a firm grip  

The Hawkins Nonstick Pressure Induction Cooker is designed for use on induction stovetops, offering versatile cooking options for every kitchen. The nonstick coating ensures easy cleaning and maintenance, while the pressure regulator and safety valve provide added peace of mind during cooking. With a capacity of 3 liters, this cooker is suitable for small to medium-sized families. The sturdy handle is designed for a comfortable and firm grip, making it easy to use.

Specifications of Hawkins Nonstick Pressure Induction ICC15

  • 3 liters capacity
  • Nonstick coating
  • Designed for induction stovetops
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Versatile cooking options May not be suitable for larger families
Nonstick coating for easy cleaning  
Sturdy handle for a comfortable grip  

The Hawkins Induction Pressure Cooker Wide is designed for use on induction stovetops, offering versatile cooking options for every kitchen. With a wide base, this cooker is suitable for cooking a variety of dishes, from soups and stews to curries and rice. The pressure regulator and safety valve provide added peace of mind during cooking, and the sturdy handle is designed for a comfortable and firm grip.

Specifications of Hawkins Induction Pressure Cooker Wide

  • Wide base for versatile cooking
  • Designed for induction stovetops
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Versatile cooking options May not be suitable for larger families
Wide base for cooking a variety of dishes  
Sturdy handle for a comfortable grip  

The Hawkins Nonstick Pressure Induction Cooker is designed for use on induction stovetops, offering versatile cooking options for every kitchen. The nonstick coating ensures easy cleaning and maintenance, while the pressure regulator and safety valve provide added peace of mind during cooking. With a capacity of 5 liters, this cooker is suitable for larger families and gatherings. The sturdy handle is designed for a comfortable and firm grip, making it easy to use.

Specifications of Hawkins Nonstick Pressure Induction ICC50

  • 5 liters capacity
  • Nonstick coating
  • Designed for induction stovetops
  • Pressure regulator and safety valve
  • Sturdy handle for a comfortable grip
  Reasons to buy   Reasons to avoid
Versatile cooking options May be too large for smaller families
Nonstick coating for easy cleaning  
Large capacity for larger families  

Also read:Best Prestige Cookers for every kitchen – 2024 review & comparison of our top picks

Top 2 features of best Hawkins cookers:

Best Hawkins Cookers Capacity Construction
Hawkins Contura Anodised Aluminium Pressure Cooker 3 litres Anodized aluminum
Hawkins Contura Pressure Cooker 3 Litres 3 litres Hard anodized aluminum
Hawkins Stainless Pressure Cooker 3 Litres 3 litres Stainless steel
Hawkins Pressure Contura Anodized Induction 3 litres Anodized aluminum
Hawkins Stainless CONTURA Pressure Cooker 3 litres Stainless steel
Hawkins Stainless Pressure Cooker 3 Litres 3 litres Stainless steel
Hawkins Futura Anodised Aluminum Pressure Cooker 3 litres Anodized aluminum
Hawkins Nonstick Pressure Induction ICC15 3 litres Nonstick
Hawkins Induction Pressure Cooker Wide Wide base Stainless steel
Hawkins Nonstick Pressure Induction ICC50 5 litres Nonstick

Best value for money Hawkins cooker:

The Hawkins Nonstick Pressure Induction ICC50 offers the best value for money, with a large 5-liter capacity, nonstick coating for easy cleaning, and versatile cooking options for larger families and gatherings.

Also read:Best 1-litre cookers: Top 8 choices that are efficient, compact and perfect for quick meals

Best overall Hawkins cooker:

The Hawkins Contura Anodised Aluminium Pressure Cooker stands out as the best overall product in terms of construction, capacity, and features, making it a versatile and efficient choice for everyday use.

Factors to keep in mind while choosing the perfect Hawkins cooker:

Material: Choose between stainless steel and anodised aluminium cookers. Stainless steel is durable and easy to maintain, while aluminium offers faster heating.

Compatibility: Ensure the cooker is compatible with your stovetop, whether gas, electric, or induction, for seamless usage.

Capacity: Select a size that suits your household. Smaller cookers are ideal for singles or couples, while larger ones fit family needs.

Safety Features: Look for safety measures such as pressure regulators, locking lids, and durable gaskets for secure cooking.

Ease of Maintenance: Opt for a cooker with a design that allows easy cleaning and replacement of parts for long-term usability.

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FAQs on hawkins cooker

  • What is the price range of Hawkins cookers?

    The price range of Hawkins cookers varies depending on the capacity, construction, and features. You can find options ranging from affordable to premium, catering to different budgets and preferences.

  • Are Hawkins cookers suitable for induction stovetops?

    Yes, Hawkins offers a range of cookers designed for use on induction stovetops, providing versatile cooking options for every kitchen.

  • What are the key features to look for in a Hawkins cooker?

    Key features to consider when choosing a Hawkins cooker include capacity, construction material (such as anodized aluminum, stainless steel, or nonstick coating), pressure regulator, safety valve, and sturdy handle for added convenience and safety during cooking.

  • What are the newest releases in the Hawkins cooker range?

    Hawkins continues to innovate and introduce new releases in their cooker range, offering the latest technology and design features to cater to the evolving needs of modern kitchens.

Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, with respect to the products. The products listed in this article are in no particular order of priority.


Live updates of Manmohan Singh’s funeral: Former PM’s body taken to Congress headquarters; funeral today

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Live updates of Manmohan Singh’s funeral: Former PM’s body taken to Congress headquarters; funeral today


Manmohan Singh funeral live updates: The last rites of the former Prime Minister will be performed at Nigambodh Ghat crematorium in Delhi at 11:45 am.

Live updates of Manmohan Singh’s funeral: Former PM’s body taken to Congress headquarters; funeral today

During Ganga Aarti at Dashashwamedh Ghat in Varanasi, people held placards to pay tribute to former Prime Minister Manmohan Singh.

Manmohan Singh funeral live updates: The Union Home Ministry on Friday said that the last rites of former Prime Minister Manmohan Singh will be performed on Saturday, December 28 at 11:45 am at the Nigambodh Ghat crematorium in Delhi. Manmohan Singh died at the All India Institute of Medical Sciences (AIIMS) on Thursday night at the age of 92. Singh, who was the 13th Prime Minister of India and the first Sikh to hold the coveted post, led the Congress-led United Progressive Alliance (UPA) government at the Center from May 2004 to May 2014.…read more

The Ministry of Home Affairs (MHA) said, “It has been decided by the Government that Dr. Manmohan Singh will be given state honours. The last rites will be performed on December 28, 2024 at 11:45 am at Nigambodh Ghat, New Delhi.” ) said in a statement.

He was brought to the medical emergency of AIIMS, New Delhi at 8:06 pm on Thursday night. The hospital, in a statement, confirmed the demise of the veteran Congress leader, saying that despite all efforts, he could not be saved and was declared dead at 9:51 pm.

Dr. Manmohan Singh, who retired from public life after the Congress’ defeat at the hands of the BJP in the 2014 Lok Sabha elections, made his last public appearance in the Rajya Sabha, of which he was a member, in August 2023.

Follow all updates here:

December 28, 2024 at 9:32 am First

Live updates of Manmohan Singh’s funeral: Wife, daughter pay last respects at AICC headquarters

Former PM Manmohan Singh’s wife Gursharan Kaur and his daughter Daman Singh paid their last tribute to him at the AICC headquarters.

December 28, 2024 at 9:30 am First

Manmohan Singh funeral live updates: White House releases Joe Biden’s statement

The White House released President Joe Biden’s statement on the demise of former Prime Minister Manmohan Singh.

“Jill and I join the people of India in mourning the passing of former Indian Prime Minister Manmohan Singh…During this difficult time, we remain committed to the vision to which Prime Minister Singh dedicated his life “Jill and I extend our deepest condolences to former First Lady Gursharan Kaur, her three children, and all the people of India…,” the statement read.

December 28, 2024 at 9:26 am First

Live updates of Manmohan Singh’s funeral: Rahul Gandhi and Priyanka Gandhi Vadra paid last tribute. Video

December 28, 2024 at 9:24 am First

Live updates of Manmohan Singh’s funeral: Sonia Gandhi, Mallikarjun Kharge pay last tribute to former PM at AICC headquarters

CPP President Sonia Gandhi, Party President Mallikarjun Kharge paid last tribute to former Prime Minister Manmohan Singh who was laid to rest at the AICC headquarters.

December 28, 2024 at 9:20 am First

Live updates of Manmohan Singh’s funeral: Former PM’s body taken inside AICC headquarters

The mortal remains of former Prime Minister Manmohan Singh have been taken inside the AICC headquarters.

December 28, 2024 at 9:10 am First

Live updates of Manmohan Singh’s funeral: Body of former Prime Minister brought to AICC headquarters. Video

December 28, 2024 8:59 am First

Manmohan Singh funeral live updates: Former PM’s mortal remains being taken to AICC headquarters

The mortal remains of former Prime Minister Manmohan Singh is being taken to AICC headquarters. The mortal remains will be kept there for the last darshan of party workers.

December 28, 2024 8:54 am First

Live updates of Manmohan Singh’s funeral: Rahul Gandhi, Priyanka Gandhi Vadra reach AICC headquarters

Lok Sabha leader and Congress MP Rahul Gandhi, party MP Priyanka Gandhi Vadra reach AICC headquarters for Manmohan Singh’s last rites.

December 28, 2024 at 8:41 am First

Live updates of Manmohan Singh’s funeral: Punjab Congress chief Amarinder Singh Raja Waring says memorial space should be made available for the country’s only Sikh prime minister

On the issue of allotting space for the memorial of former Prime Minister Dr Manmohan Singh, Congress MP and party’s Punjab chief Amarinder Singh Raja Waring told ANI, “We are demanding that the government provide space for the memorial. If A place can be given to Atal Bihari Vajpayee, then why not Manmohan Singh, he was the only Sikh Prime Minister of the country… If the memorial is built, it will inspire the coming generations.

December 28, 2024 at 8:23 am First

Live update of Manmohan Singh’s funeral: Preparations for the funeral are underway. Video

Before the funeral of former Prime Minister Dr. Manmohan Singh, preparations for the funeral are going on at Nigambodh Ghat.

December 28, 2024 at 8:13 am First

Manmohan Singh funeral live updates: The vehicle in which the mortal remains of former PM Dr. Manmohan Singh will be kept has reached outside his residence.

ANI reported that the vehicle in which the mortal remains of former PM Dr. Manmohan Singh will be kept has reached outside his Delhi residence.

December 28, 2024 at 7:46 am First

Manmohan Singh funeral live updates: Pranab Mukherjee’s daughter Sharmistha attacks Congress

Former President Pranab Mukherjee’s daughter Sharmistha has criticized Congress over party president Mallikarjun Kharge’s demand for a memorial site for former PM Manmohan Singh.

“When Baba passed away, Congress did not even bother to call a condolence meeting on behalf of the CWC. A senior leader told me that four presidents have not done this. This is absolute nonsense, as I later found out from Baba’s diaries that on the death of KR Narayanan, the CWC was called and the condolence message was prepared only by Baba,” he wrote on X.

December 28, 2024 at 7:34 am First

Live updates of Manmohan Singh’s funeral: Indian Mission to open condolence book for Singaporeans to pay tribute to Manmohan Singh

The Indian High Commission here will open a condolence book for Singaporeans to pay their respects to former Prime Minister Dr Manmohan Singh.

According to PTI, the High Commission has said that the condolence book will be available for signature on December 30 and 31 from 10:30 am to 12:30 pm and 2:30 pm to 4:00 pm.

December 28, 2024 at 7:18 am First

Live updates of Manmohan Singh’s funeral: Canadian PM Justin Trudeau calls former Indian PM’s demise a ‘loss to the world’

Justin Trudeau took to Twitter to pay tribute to former Indian PM Manmohan Singh. Trudeau wrote, “Manmohan Singh’s death is a loss to India and the world. As one of the longest-serving leaders, he transformed the country’s economy, lifted millions out of poverty, and built strong ties with the world, including Canada.

December 28, 2024 at 7:00 am First

Live updates of Manmohan Singh’s funeral: People reached the former Prime Minister’s residence for the last rites.

Common people are reaching the residence of former PM Manmohan Singh in Delhi for his last glimpse.

Speaking to ANI, one of them said, “We have come here from East Delhi to pay our last respects to late former PM Dr Manmohan Singh… He was one of the best economists. My husband and I pay our tribute to him.” Came here to give.” Last tribute. We are hopeful that we will be allowed to go inside but if we are not allowed due to security reasons, we will return from here…”

December 28, 2024 at 6:44 am First

Manmohan Singh funeral live updates: Former PM’s mortal remains will be taken from his residence to Congress’s Akbar Road headquarters at 8 am on Saturday

Manmohan Singh’s mortal remains will be taken from his residence to the Congress’ Akbar Road headquarters at 8 am on Saturday, where the public will be allowed to express their condolences.

December 28, 2024 at 6:36 am First

Live updates of Manmohan Singh’s funeral: Delhi Traffic Police issues advisory ahead of former PM’s funeral

The traffic advisory outlines restrictions and changes on major routes in New Delhi, with the public urged to avoid certain roads and use public transport to reduce congestion.

“Digitaries from several foreign countries and other VIPs/VVIPs and general public will visit Nigam Bodh Ghat on the occasion of the State Funeral of Late Dr. Shri Manmohan Singh, former Prime Minister of India on 28.12.2024.” Said in its advisory on Friday.

According to the advisory, the diversion points include Raja Ram Kohli Marg, Rajghat Red Light, Signature Bridge and Yudhistar Setu.

Traffic restrictions, rules and diversions may be imposed on Ring Road (Mahatma Gandhi Marg), Nishad Raj Marg, Boulevard Road, SPM Marg, Lothian Road and Netaji Subhash Marg from 7.00 am, possibly till 3.00 pm.

December 28, 2024 at 6:25 am First

Live updates of Manmohan Singh’s funeral: Home Ministry responds to Congress’ request to allot space for Manmohan Singh’s memorial

The Home Ministry statement said that soon after the Cabinet meeting, Union Home Minister Amit Shah informed Kharge and Manmohan Singh’s family that the government will allocate space for the memorial.

December 28, 2024 5:59 am First

Live updates of Manmohan Singh’s funeral: BJP’s Amit Malviya criticizes Congress for ‘politicizing’ former PM’s death

BJP’s Amit Malviya criticized Congress for politicizing Dr Manmohan Singh’s death, as Mallikarjan Kharge demanded space for the former Prime Minister’s memorial.

“It is unfortunate that the Congress chose to politicize the death of former Prime Minister Dr. Manmohan Singh, even though Home Minister Amit Shah spoke immediately after the Cabinet meeting regarding the Government of India’s decision to allot space for the late leader’s memorial. Was informed. Both Congress President Mallikarjun Kharge and Dr Singh’s family have been informed,” he wrote.

December 28, 2024 at 5:40 am First

Manmohan Singh death latest updates: Former PM’s last rites to be performed today at Delhi’s Nigambodh Ghat

Manmohan Singh funeral live updates: Home Ministry announced that the funeral of former Prime Minister Manmohan Singh will be held at Nigambodh Ghat in Delhi on Saturday at 11:45 am.

Congress President Mallikarjun Kharge has appealed to Prime Minister Narendra Modi to ensure that his last rites be performed at a place where a memorial can be set up in Singh’s honour.


Top 10 leading startup cities in India in 2024 including Bengaluru, Mumbai, Gurugram and more india news

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Top 10 leading startup cities in India in 2024 including Bengaluru, Mumbai, Gurugram and more india news


Top 10 leading startup cities in India in 2024 including Bengaluru, Mumbai, Gurugram and others

Currently, India has emerged as one of the most vibrant startup ecosystems in the world and could become the third largest by 2024. With the number growing from 50,000 in 2018 to over 140,000 in 2024, the entrepreneurship landscape is exploding and driven by innovation. The flow of ideas, investments and a large pool of talent is currently transforming the country into one of the global hubs of entrepreneurship. As of Hurun India 2024 on Millennia’s self-made entrepreneurs, Bangalore, Mumbai and Gurugram are now considered the hubs of entrepreneurial activities.
Therefore, these three cities listed above are the major successful and prized startups found in India, which are vital for the progress of the country. Bengaluru is known as the “Silicon Valley of India” as most of the entrepreneurs and innovative companies in the region are based around this place. Mumbai is close to it as it is the financial capital of India. Therefore, one can avail of an excellent business ecosystem here as well as good access to capital. Thus, this diverse nature of startup clusters makes Gurugram a fast-growing technology and business-friendly city compared to the recent period. This thriving ecosystem has not only transformed the making of the Indian economy but also the place the country has achieved in the list of innovative countries globally.

Top Startup Cities in India

Post
City
number of entrepreneurs
Number of notable companies
notable entrepreneurs
Famous
companies
1 Bengaluru 98 66 Nitin Kamath Zerodha
2 Mumbai 73 36 Radhakishan Damani Avenue Supermarts (Dmart)
3 Gurugram 34 31 Deepinder Goyal zomato
4 New Delhi 51 15 Vijay Shekhar Sharma Paytm
5 Chennai 16 12 Vasant Sridhar of business
6 Pune 15 7 Supam Maheshwari, Sanket Hattimattur, Prashant Jadhav cry first
7 Hyderabad 11 6 Nandan Reddy swiggy
8 Ahmedabad 10 6 Amit Bakshi Aris Lifesciences
9 Kolkata 7 2 Ravi Modi Vedanta Fashion
10 Jaipur 6 2 Amit Jain, Anurag Jain car look

Leading Startup Cities in India 2024

India’s startup ecosystem has seen tremendous growth in recent times, and the country is ranked as the third largest startup ecosystem in the world in 2024. Hurun India’s 2024 report on self-made entrepreneurs of the millennium ranks cities based on the number of self-made entrepreneurs. Successful, self-made entrepreneurs leading significant startups. The ranking highlights cities that have become hubs of innovation and entrepreneurship, contributing significantly to India’s growth as an economic superpower.

Bengaluru (98 entrepreneurs, 66 notable companies)

Bengaluru is generally considered the “Silicon Valley” of India and the undisputed leader of the country’s startup ecosystem. There are 98 entrepreneurs and 66 most renowned companies that have set their mark in Bengaluru. Most attribute its origin to when India came up with its most successful technology ventures. There is an entrepreneurial spirit that this situation provides as the city ranks as a world center in technology.
Bengaluru is home to one of India’s largest and most innovative companies, the country’s leading stock brokerage platform Zerodha, led by its founders Nitin Kamath and Nikhil Kamath.
It has a deep talent pool of engineers, IT professionals and software developers. Because of this, it remains one of the most attractive destinations for tech startups. Additionally, Bengaluru is connected to an active venture capital network, which helps sustain many companies there. Its infrastructure, connectivity and access to various resources make it a top destination for entrepreneurs in the country.

Mumbai (73 entrepreneurs, 36 notable companies)

Mumbai is the financial hub of India and one of the leading states in the entrepreneurship scene in the country. Being at the second position with 73 entrepreneurs and 36 important companies, business finance and industrial would have attracted Mumbai as a hub. Entrepreneur Radhakishan Damani, who created Avenue Supermarts or DMart, has made the city a retail and e-commerce start-up hub.
It has good financial infrastructure and attracts capital and resources for the startup sector of retail, fintech and entertainment, which brings together a very wide market with an international financial center with great infrastructure, which is very important for India’s entrepreneurship. One of the top contenders in the ecosystem.

Gurugram (34 entrepreneurs, 31 notable companies)

Gurugram, as a hub located near New Delhi, is another important city, which houses 34 entrepreneurs and 31 major companies. This hub has emerged as one of the most important business cities and technology with housing for every e-commerce and fintech company in the industries apart from other IT services. Among the notable companies founded there is Zomato—a popular food delivery application created by Deepinder Goyal.
Gurugram is a major business destination as the city is just a short distance from New Delhi, so administrative and business resources in the national capital are readily accessible. Modern infrastructure including IT parks, office spaces and co-working centers has helped it grow as an innovation hub.

New Delhi (51 entrepreneurs, 15 notable companies)

New Delhi is the capital of India and is ranked fourth with 51 entrepreneurs and 15 notable companies. New Delhi-based entrepreneurs also include Vijay Shekhar Sharma who founded Paytm. Paytm is one of the largest fintech companies in India that provides wallet and payment options.
Delhi has a vibrant entrepreneurial ecosystem and especially in the fintech, edtech and e-commerce sectors. When talking about infrastructure and its proximity to government institutions, Delhi provides networking opportunities, influencing policy, and access to funding for any start-up, and hence new Delhi will continue to be an element that will be very high as the status of India’s startup culture and self-made entrepreneurs have even greater claims.

Chennai (16 entrepreneurs, 12 notable companies)

Chennai was an automobile and manufacturing city; It is now ranked fifth with 16 entrepreneurs and 12 notable companies. Entrepreneurs like Vasanth Sridhar, who founded OffBusiness, a B2B platform for SMEs, have helped diversify Chennai’s entrepreneurial profile creating more tech-driven and industrial startups.
Chennai has an industrial base, making it strong with a qualified workforce primarily in industries such as automotive, information technology and healthcare. Its entrepreneurial culture in sectors like fintech, software and education is growing day by day.

Pune (15 entrepreneurs, 7 notable companies)

Pune is at sixth position with 15 entrepreneurs and 7 important companies. Over time, Pune has developed niches for itself in sectors such as information technology, education and e-commerce. Such e-commerce giants also include FirstCry, co-founded by Supam Maheshwari, Sanket Hattimattur and Prashant Jadhav.
The city is known for its thriving startup culture driven by its educational institutions, research centers and tech parks. Pune has also become a destination for tech talent, driving its growth as a startup hub.

Hyderabad (11 entrepreneurs, 6 notable companies)

Hyderabad is ranked seventh with 11 entrepreneurs and 6 notable companies. Hyderabad, known for its role as a technology and pharmaceutical hub, is home to Nandan Reddy, co-founder of India’s leading food delivery platform Swiggy.
Hyderabad’s emerging startup ecosystem has received tremendous support from thousands of technology companies including those in the software development sector, e-commerce and healthtech. The reason Hyderabad appeals is that its cost of living is low, the talent pool is abundant, and the infrastructure is very strong.

Ahmedabad (10 Entrepreneurs, 6 Notable Companies)

At the eighth position is Ahmedabad with 10 entrepreneurs and 6 notable companies like Eris Lifesciences, whose CEO is Amit Bakshi. Strengths exist in manufacturing, chemicals and pharmaceuticals, positioning Ahmedabad as an innovation hub. The city has a favorable business environment due to low operating costs and strong industrial infrastructure. Its growth in the startup ecosystem has been driven by ventures in industries such as healthcare, retail, and software development.

Kolkata (7 entrepreneurs, 2 notable companies)

With an entrepreneurial ecosystem smaller in size, Kolkata is ranked ninth with 7 entrepreneurs and 2 notable companies. Ravi Modi is from Kolkata. He founded Vedanta Fashion with Manyavar ethnic-wear brand and Kolkata is his home. Kolkata is still in its early stages compared to other big cities, but it has been particularly promising in retail and fashion. This city holds growth potential as more entrepreneurs are emerging in the region.

Jaipur (6 entrepreneurs, 2 notable companies)

The top 10 is Jaipur, home to 6 entrepreneurs and 2 notable companies, namely Amit Jain and Anurag Jain’s CarDekho. The company is a popular online portal for buying and selling cars. Although Jaipur’s startup ecosystem is quite small, it has shown significant potential over the past few years. The cost of doing business in this city is quite low and it is now emerging as a hub of e-commerce and digital services.
Read this also What is the one cabin bag rule in India? Know the major changes, effects and objectives of the new luggage rule




Olmo closer to Barcelona exit after registration request rejected | Football News

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Olmo closer to Barcelona exit after registration request rejected | Football News


Barcelona midfielder left in limbo with exit looming after Spanish court rejects player’s registration.

A Spanish court has rejected Barcelona’s request to register Dani Olmo beyond the year’s end, potentially pushing the star closer to leaving the Catalan giants for free.

The Spain playmaker, who has six goals in 15 appearances for the Bernabeu-based club this season, signed from Bundesliga club RB Leipzig last summer for a reported $62.5m, but La Liga rules limiting spending on wages and transfers complicated his registration.

Barcelona, mired in debt, registered the 26-year-old to December 31 with 80 percent of injured defender Andreas Christensen’s pay thanks to an exception allowing clubs to replace long-term absentees.

After La Liga refused the club’s request to extend his registration to the end of the season, Barcelona took the case to court claiming unfair competition and seeking to register Olmo until June 30, 2025.

A Barcelona commercial court said in a ruling dated Monday that it had rejected the club’s requests as none of the criteria had been met.

“The aim of authorising the overspend is so that a long-term injury does not undermine the team’s competition, not so that the long-term injury allows the registration of players who exceed the limit with their salary,” which Barcelona tried to do, the court ruled.

COPENHAGEN, DENMARK - NOVEMBER 15: Dani Olmo of Spain reacts during the UEFA Nations League 2024/25 League A Group A4 match between Denmark and Spain at on November 15, 2024 in Copenhagen, Denmark. (Photo by Stuart Franklin/Getty Images)
Olmo has appeared 41 times for Spain [Stuart Franklin/Getty Images]

Olmo cannot be registered for the rest of the season, “once it is understood that the player’s contract ends on December 31, 2024 and cannot be extended”, the court added.

Spanish media said Olmo’s contract, initially set to run until 2030, includes a clause that would release the Euro 2024 champion if he could not be registered.

Barcelona can appeal the ruling and Spanish media reported that the club can resort to alternative means to secure the registration of the Spanish international, who has scored 11 goals in 41 games for his country.

These include further legal action, board members providing personal assets to guarantee the registration and selling VIP seat packages for the expanded future Camp Nou to generate extraordinary income, they said.

La Liga said it had applied the requirements equally to all teams and welcomed that no exception was made which could otherwise “seriously alter the equality of conditions” of the competition.

Olmo’s potential departure would be a huge blow to the Blaugrana, who have let slip their early lead and dropped to third in a tight title race.

Hansi Flick’s side sit three points adrift of leaders Atletico Madrid and two behind Real Madrid having played one game more than both rivals.


EV-maker Ola Electric’s CMO, CTO resign citing ‘personal reasons’

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EV-maker Ola Electric’s CMO, CTO resign citing ‘personal reasons’


The chief marketing officer and the chief technology and product officer of Ola Electric Mobility Limited resigned today, the company said in a regulatory filing.

Bhavish Aggarwal, CEO of Ola Cabs, and founder of Ola Electric, speaks during a press conference ahead of the company's IPO launch in Mumbai.(Reuters file)
Bhavish Aggarwal, CEO of Ola Cabs, and founder of Ola Electric, speaks during a press conference ahead of the company’s IPO launch in Mumbai.(Reuters file)

“With reference to the captioned subject and mentioned reference, we hereby inform you that Mr. Anshul Khandelwal, Chief Marketing Officer, and Mr. Suvonil Chatterjee, Chief Technology and Product Officer, have tendered their resignation with effect from December 27, 2024,” the company in a letter to BSE and NSE.

Both Anshul Khandelwal and Suvonil Chatterjee have cited personal reasons for their resignation.

“I am writing to formally resign from my position as the Chief Marketing Officer at Ola Electric, effective immediately, December 27th, 2024. It has been an incredible journey, and I am grateful for the opportunities to contribute to Ola’s inspiring vision. However, due to personal reasons, I request to be relieved of my duties effective today,” said Khandewal in his resignation.

Chatterjee thanked Ola’s management and employees for “love and support”.

“Formally sending in my resignation effective today. It has been a privilege to be a part of this amazing journey. I want to thank everyone at Ola for their support and love. Wishing you, Bhavish and the entire Ola family the very best,” he wrote.

Ola Electric on Wednesday said it has expanded its network to 4,000 stores nationwide, a four-fold increase from its existing network.

The company has opened over 3,200 new stores co-located with service facilities.

The expansion spans beyond metros and Tier I and II cities into smaller towns and tehsils, Ola Electric said in a statement.

“With our newly opened stores co-located with service centres, we have completely redefined EV purchase and ownership experience, setting new benchmarks with our #SavingsWalaScooter campaign,” Ola Electric Chairman & Managing Director Bhavish Aggarwal said.

With inputs from PTI


Best Wet and Dry Vacuum Cleaners: Top 8 Models for Effective Cleaning of Dust, Liquids and Tough Dirt in Your Home

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Best Wet and Dry Vacuum Cleaners: Top 8 Models for Effective Cleaning of Dust, Liquids and Tough Dirt in Your Home


Maintaining a clean and tidy home is important for a healthy and comfortable living environment. Wet and dry vacuum cleaners offer versatility and efficiency, making them an ideal solution for modern homes. These appliances are designed to handle a variety of cleaning tasks from removing dust and debris to dealing with liquid leakage, ensuring that your home remains spotless.

Tackle dust and spills with ease with the versatile wet and dry vacuum cleaner for every mess.
Tackle dust and spills with ease with the versatile wet and dry vacuum cleaner for every mess.

With so many models available, choosing the right wet and dry vacuum cleaner can be challenging. Each product varies in features, capacity, and performance, making it essential to understand your specific needs. This article aims to simplify your decision making process by presenting the top 8 wet and dry vacuum cleaners available in the market.

We provide detailed product descriptions, highlight their advantages and disadvantages, and include a comprehensive feature comparison table. Whether you need a mild option or a high-powered cleaner, our guide will ensure you choose the one best suited for your home.

The BLACK+DECKER WDC215WA-QW Lithium-Ion Dustbuster is a powerful and compact wet and dry vacuum cleaner. With a lightweight design and strong suction power, it is perfect for quick cleaning and deep cleaning tasks. The lithium-ion battery ensures long-lasting performance, and the dustbin capacity is 385ml, making it suitable for small to medium-sized cleaning jobs.

Specifications of BLACK+DECKER WDC215WA-QW Lithium-Ion Dustbuster

  • lithium ion batteries
  • 385 ml dust bowl capacity
  • Compact and lightweight design
  • strong suction power
  • Suitable for wet and dry cleaning
reason to buy reasons to avoid
Compact and portable design Smaller dustbin capacity compared to other models
Long lasting battery life
strong suction power

The Bissell Portable Wet and Dry Vacuum Cleaner features HeatWave Technology, which helps maintain a constant water temperature during the cleaning process. With a 4.5-litre tank capacity, it is suitable for both wet and dry cleaning tasks. The portable design and strong suction power make it a convenient choice for versatile cleaning needs.

Specifications of Bissell Portable Wet and Dry Vacuum Cleaner

  • heatwave technology
  • 4.5-litre tank capacity
  • Portable and lightweight design
  • strong suction power
  • Suitable for wet and dry cleaning
reason to buy reasons to avoid
Heatwave technology for constant water temperature May be overwhelming for some users
large tank capacity
Portable and convenient design

Cleaner Capacity Function The Cleaning Stainless is a high capacity wet and dry vacuum cleaner suitable for heavy-duty cleaning jobs. With a 20-litre tank capacity and powerful suction, it is ideal for larger homes or commercial spaces. The stainless steel construction ensures durability and longevity, making it a reliable choice for tough cleaning tasks.

Specifications of Cleaner Capacity Function Cleaning Stainless

  • 20-litre tank capacity
  • powerful suction
  • stainless steel construction
  • Suitable for heavy duty cleaning
  • Versatile wet and dry cleaning capabilities
reason to buy reasons to avoid
Large tank capacity for extended cleaning sessions Can be heavy and difficult to maneuver
Durable stainless steel construction
Powerful suction for efficient cleaning

Also read:Eureka Forbes Vacuum Cleaner: Get easy cleaning in minutes with these top 10 options

The Eureka Forbes Wet & Dry Ultimo Vacuum Cleaner has a powerful motor and a 20-litre capacity tank, making it perfectly suited for wet and dry cleaning tasks. The compact and portable design, along with versatile cleaning capabilities, makes it an ideal choice for homes and small businesses.

Specifications of Eureka Forbes Wet and Dry Ultimo Vacuum Cleaner

  • powerful motor
  • 20-litre tank capacity
  • Compact and portable design
  • Suitable for wet and dry cleaning
  • Versatile cleaning capabilities
reason to buy reasons to avoid
Powerful motor for efficient cleaning The tank may need to be emptied frequently
Large tank capacity for extended use
Compact and portable design

AGARO 1000-Watt 10-Litre Wet and Dry Vacuum Cleaner is a compact and efficient cleaning solution for small to medium-sized homes. With a 1000-watt motor and 10-litre tank capacity, it offers reliable wet and dry cleaning performance. The lightweight and portable design makes it easy to use and store, and multifunctional attachments add to its versatility.

Specifications of AGARO 1000-Watt 10-Litre Wet and Dry Vacuum Cleaner

  • 1000-watt motor
  • 10-litre tank capacity
  • Lightweight and portable design
  • multifunctional attachment
  • Suitable for wet and dry cleaning
reason to buy reasons to avoid
Powerful motor for efficient cleaning Smaller tank capacity than other models
Compact and lightweight design
Multi-functional attachment for versatile cleaning

The Ace 1600-Watt 21-Liter Stainless Steel Wet & Dry Vacuum Cleaner is a heavy-duty cleaning solution with a powerful 1600-Watt motor and 21-Liter stainless steel tank. It is suitable for larger homes, workshops and commercial spaces, offering strong suction power and durable construction for tough cleaning jobs.

Specifications of Ace 1600-Watt 21-Litre Stainless Steel Wet and Dry Vacuum Cleaner

  • 1600-watt motor
  • 21-litre stainless steel tank
  • Heavy-duty cleaning capabilities
  • Durable and strong construction
  • Suitable for wet and dry cleaning
reason to buy reasons to avoid
Powerful motor for extreme cleaning May be heavy and bulky for some users
Large tank capacity for extended use
Durable stainless steel construction

The American Micronic AMI-VCD21-1600WDx Wet and Dry Vacuum Cleaner has a 1600-watt motor and 21-liter stainless steel tank, making it suitable for versatile cleaning tasks. The sturdy construction and strong suction power ensure reliable performance, and multi-functional attachments enhance its cleaning capabilities.

Specifications of American Micronic AMI-VCD21-1600WDx Wet and Dry Vacuum Cleaner

  • 1600-watt motor
  • 21-litre stainless steel tank
  • strong construction
  • multifunctional attachment
  • Suitable for wet and dry cleaning
reason to buy reasons to avoid
Powerful motor for efficient cleaning Can be heavy and difficult to maneuver
Durable and strong construction
Multi-functional attachment for versatile cleaning

The INALSA Master 35 1000-Watt Telescopic Wet and Dry Vacuum Cleaner is a versatile cleaning solution with a 1000-watt motor and telescopic tube for extended reach. With a 35-litre tank capacity and multi-functional attachments, it is suitable for a variety of cleaning tasks. The compact and portable design makes it easy to use and store, and the strong suction power ensures efficient cleaning performance.

Specifications of INALSA Master 35 1000-Watt Telescopic Wet and Dry Vacuum Cleaner

  • 1000-watt motor
  • 35-litre tank capacity
  • Telescopic tube for extended reach
  • multifunctional attachment
  • Suitable for wet and dry cleaning
reason to buy reasons to avoid
Telescopic tube for extended reach May be heavy and bulky for some users
Large tank capacity for extended use
Compact and portable design

Also read:Best vacuum cleaners for pet hair: Find powerful, efficient vacuums designed to remove pet hair from all surfaces

Top 4 Features of the Best Wet and Dry Vacuum Cleaners:

Best Wet and Dry Vacuum Cleaner motor power tank capacity design attachments
BLACK+DECKER WDC215WA-QW strong 385 ml compact and lightweight Standard
bissell portable strong 4.5 liters portable and lightweight heatwave technology
cleaner capacity function Mighty 20 liters durable stainless steel Standard
Eureka Forbes Wet and Dry Ultimo Mighty 20 liters compact and portable Standard
AGARO 1000-Watt 10-Litre Mighty 10 liters compact and lightweight multi-functional
Ace 1600-Watt 21-Litre Mighty 21 liters durable stainless steel Standard
American Micronic AMI-VCD21-1600WDx Mighty 21 liters strong multi-functional
Inalsa Master 35 Mighty 35 liters telescopic tube multi-functional

Best value for money wet and dry vacuum cleaner:

The Bissell Portable Wet and Dry Vacuum Cleaner offers the best value for money with its HeatWave technology, 4.5-litre tank capacity and portable design. It is a versatile and efficient option for everyday cleaning tasks, making it a cost-effective investment for your home.

Also read:Best Portable Vacuum Cleaners for Home: Top 10 Options That Are Compact, Powerful, and Easy to Use

Best overall wet and dry vacuum cleaner:

The Ace 1600-Watt 21-Litre Stainless Steel Wet and Dry Vacuum Cleaner is the best overall product due to its powerful motor, large tank capacity, and durable construction. It is suitable for heavy-duty cleaning tasks and provides reliable performance for a wide range of cleaning requirements.

Factors to keep in mind while choosing the right wet and dry vacuum cleaner:

capacity and size: Consider the size and capacity of the vacuum cleaner. Larger tanks are ideal for extensive cleaning jobs, while smaller models are suitable for compact spaces.

motor power and suction: Check the power and suction capacity of the motor to ensure effective cleaning of both wet and dry debris.

filtration system: Choose a model with a high-quality filtration system like a HEPA filter for better air quality and allergen removal.

Attachments and Accessories: Look for useful attachments like brushes, nozzles, and extension hoses for versatile cleaning applications.

ease of maintenance: Select a vacuum cleaner that is easy to clean and maintain, with accessible filters and removable tanks.

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FAQs on Wet and Dry Vacuum Cleaners

  • What is the price range of these wet and dry vacuum cleaners?

    The price range of these vacuum cleaners varies from Rs 3000 to Rs 15000 depending on the brand, features and specifications.

  • Are these vacuum cleaners suitable for carpet and upholstery cleaning?

    Yes, most of these vacuum cleaners come with attachments and accessories specifically designed for carpet and upholstery cleaning, making them versatile for a variety of cleaning tasks.

  • Do these vacuum cleaners require any special maintenance?

    Regular maintenance, such as cleaning the filter and emptying the dustbin or tank, is essential to ensure optimal performance and longevity of the vacuum cleaner.

  • Can these vacuum cleaners be used for outdoor cleaning tasks?

    Yes, these wet and dry vacuum cleaners are suitable for outdoor cleaning tasks such as car interior, garage floors and outdoor furniture, providing versatile cleaning solutions.

Disclaimer: At Hindustan Times, we help you stay updated with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a share of the revenue when you make a purchase. We will not be liable for any claims under applicable laws including but not limited to the Consumer Protection Act, 2019 in relation to the Products. The products listed in this article are in no particular order of priority.


Israel forcibly evacuates Kamal Adwan hospital in northern Gaza

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Israel forcibly evacuates Kamal Adwan hospital in northern Gaza


One of northern Gaza’s last functioning hospitals has been forcibly evacuated by the Israeli military, medics say, after dozens of people were reportedly killed in Israeli strikes targeting the area around the healthcare facility.

Eid Sabbah, head of the nursing department at Kamal Adwan hospital, told the BBC that at about 07:00 on Friday, the military gave the administration 15 minutes to evacuate patients and staff into its courtyard.

Israeli troops subsequently entered the hospital and were removing the remaining patients, he said.

The Israeli military said on Friday afternoon that it was carrying out an operation in the area of the hospital, which it called a “Hamas terrorist stronghold”.

Israeli troops had “facilitated the secure evacuation of civilians, patients and medical personnel” from the hospital before beginning the operation, it added.

The military did not say where the patients would be moved. But earlier in the week, an Israeli official said that they intended to relocate those at Kamal Adwan hospital to the nearby Indonesian hospital, which was itself evacuated by the military on Tuesday.

Dr Sabbah said “it’s dangerous because there are patients in the ICU department in a coma and in need of ventilation machines and moving them will put them in danger”.

“If the army intends to continue removing these patients, they will need specialised vehicles.”

The World Health Organization said the raid “has put this last major health facility in north Gaza out of service”.

“Initial reports indicate that some key departments were severely burnt and destroyed during the raid,” it posted on X on Friday evening.

It comes hours after the director of Kamal Adwan hospital said that approximately 50 people had been killed, including five medical staff, in a series of Israeli air strikes targeting the vicinity of the hospital.

The statement from Dr Hussam Abu Safiya said a building opposite the hospital was targeted by Israeli warplanes, leading to the death of a paediatrician and a lab technician, as well as their families.

He said a third staff member who worked as a maintenance technician was targeted and killed as he rushed to the scene of the first strike.

Two of the hospital’s paramedics were 500m (1,640ft) away from the hospital when they were targeted and killed by another strike, the statement continued, with their bodies remaining in the street with no-one able to reach them.

The Israeli military said on Friday morning that it was “unaware of strikes in the area of Kamal Adwan hospital” and was looking into the reports that staff had been killed.

Kamal Adwan hospital in Beit Lahia has been under a tightening Israeli blockade imposed on parts of northern Gaza since October, when the military said it had launched an offensive to stop Hamas from regrouping there.

The UN has said the area is under a “near-total siege” as the Israeli military heavy restricts access of aid deliveries to an area where an estimated 10,000 to 15,000 people remain.

In recent days, the hospital’s administrators have issued desperate pleas appealing to be protected, as they say the facility has become regularly the target of Israeli shelling and explosives.

Oxfam said that attempts by aid agencies to deliver supplies to the area since October had been unsuccessful because of “deliberate delays and systematic obstructions” by the Israeli military.


Rupee hits new low of 85.80/$, biggest 1-day fall in 2 years

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Rupee hits new low of 85.80/$, biggest 1-day fall in 2 years


Rupee hits new low of 85.80/$, biggest 1-day fall in 2 years

MUMBAI: The rupee plunged to a record low on Friday, closing at 85.53 against the dollar from it’s previous close of 85.26. In Friday’s trades, it briefly touched an intraday low of 85.80 – its sharpest fall in nearly two years, Bloomberg reported.
The fall in the rupee was driven by panic dollar buying from importers, increased month-end demand, and maturing non-deliverable forwards (NDFs), which heightened dollar demand in the market. RBI eventually stepped in to stabilise the rupee, selling dollars to counter the rising pressure. However, the broader market environment remained unfavourable, with rising US Treasury yields, higher crude oil prices, and persistent foreign fund outflows capping the rupee’s recovery.
Dealers said RBI – which held $21 billion in short-term forward contracts – refrained from rolling them over, leading to a scarcity of dollars and an oversupply of rupees. “The rupee hit the 85.80 level today before RBI stepped in to sell dollars. Interestingly, there was no supply of dollars from RBI for nearly an hour, allowing the rupee to slip significantly – a surprising deviation from its typical approach. It looks like some players had built up short dollar positions pre-Trump victory, which are maturing at year-end,” KN Dey, a forex consultant who advises corporates on currency, said.
“Monday is likely to remain quiet due to year-end holidays, with activity expected to pick up from the end of the first week. Looking ahead, the new year is expected to bring a resumption of inflows, potentially stabilising the exchange rate,” he added.




Question of self-confidence for India: Excerpts from Manmohan’s 1992 speech | Latest News India

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Question of self-confidence for India: Excerpts from Manmohan’s 1992 speech | Latest News India


The world you will enter is a different one from the one I walked into when I graduated. There was one aspect of the world of my youth that I treasure, an aspect I would greatly like to see restored: that somehow the society in which I lived and worked was more united, more naturally, unselfconsciously Indian than the one that is emerging today.

Then finance minister Manmohan Singh giving final touches to the iconic budget of 1991. (HT Archive)
Then finance minister Manmohan Singh giving final touches to the iconic budget of 1991. (HT Archive)

That all-permeating Indianness is still strong. My principal civil servants, for instance, come from four corners of India. One comes from Tamil Nadu, another from Kerala, one from Punjab and another from Gujarat; and they have all served India in their own ways. The India in which I grew up, earned my livelihood, brought up my children — this India has meant much to me. I have regarded all of it as my home, and I could not have been at home anywhere else.

But in some important respects, that India is being questioned, challenged. My own home state is rent by strife over its Indianness, a strife that fills me with great sadness. Competitive politics has raised caste and communal tensions to a dangerous level in several parts of our country. There is more parochiality in the governments. Politics is ceasing to be a vehicle of purposeful social change. Even industry finds its cosmopolitan character under threat of erosion. This is what I find most disturbing, even more for you than for myself. You have the future of this country in your hands; I would urge you to work to restore its Indianness, its instinctive unity.

There is another important respect which requires urgent national attention. I refer to the visible signs of erosion of national self-confidence and to the need for strong corrective action.

The sense of confident nationhood was the most palpable characteristic of the era of my youth. Our leaders Gandhi ji, Nehru, Patel had this confidence in great abundance; they had no doubts about the potential of this nation, or about its ability to look after itself. They were, in fact, allergic to dependence and its consequences to sycophancy on the one hand and truculence on the other. The one thing they tried to impart to the country was self- confidence and self-respect. Their influence is still strong, and their example would continue to inspire us to look the world in the face. But it must be admitted that of late there has been a weakening of this feeling of self-confidence.

A feeling has grown that somehow, we Indians are inferior to other nations, that we cannot compete against other countries in the global markets, that therefore we must build strong protective walls to insulate our economy from outside competition. I regard this feeling of lack of self-confidence a major barrier to the realisation of India’s immense development potential.

The leaders of our national struggle had faith in our nation, and the greatest homage we can pay them would be if we could restore the nation’s belief in itself not simply restore it, but revivify, rediscover, and redesign it. Let me illustrate what I mean by taking examples from the fields with which I know well.

Trade and industryTake, for instance, the area of trade. Industrialists in this country are blessed with many advantages that other countries do not enjoy. Our wage costs are very low. Our food prices are generally lower than elsewhere. We grow some of the world’s best cotton at extremely competitive costs. Our raw materials, where it is iron ore or coal or bauxite or bamboo, are available at throwaway prices.

But even with these advantages, the idea of our industry competing with industry abroad encounters resistance. Our import duties are amongst the highest in the world. We are trying to reduce them. We have reduced the peak duties to 110% in the last budget. With this, the duties on some products have fallen to the same level as the duties on their inputs. This appears to some of our industrialists as unreasonable. They argue that their products must bear a duty that is at least 20% higher than the duty on their components and raw materials. But if they made full use of the cheap labour and raw materials available in this country, it is not they but their competitors abroad that should need protection.

Excessive protection of industry and import substitution regardless of cost have created a pattern of industrialisation which generates few additional jobs. It has sheltered monopolies and accentuated disparities in income and wealth. Protection entails a subsidy given to the producer at the cost of the consumer. Heavy protection granted to industry has constituted massive discrimination against agriculture; no wonder that the disparities in living standards between rural and urban India have increased over time.

Industries and firms may be protected to correct inequalities in competition. If firms are new or small, they may deserve protection until they can compete on equal terms. But they should not become permanent infants. It is important not to equate protection with patriotism and trade with sin. Glorification of autarky can do our country enormous harm. India has a fairly diversified natural resource endowment but it has to be recognised that on a per capita basis we are not well endowed with natural resources. Thus, India has to become a major international trading nation if its development potential is to be realised in full measure.

With our manpower, with our natural resources, we can capture considerable share of markets in the world. We can be the world’s leading exporters of tropical goods, textile, steel and engineering goods. With larger exports, we can import materials from elsewhere and become competitive manufacturers of goods for which we do not have cheap inputs electronic goods, chemicals, wooden and metal handicrafts. Export activity would generate production and employment in our own country. We would not need to send our workers abroad to work under arduous conditions: they could make a gainful living in India itself. With a more dynamic economy, the graduates of our institutes of science and technology will not need to migrate to foreign lands in such large numbers.

Trade also has political implications. Japan and Germany are major world powers today, not because of powerful armies or lethal weapons, but because of their trade with the world. As the world prospers, they will inevitably prosper; on the other hand, they are so important to the world that the world cannot let them go down.

The world has a stake in a country in proportion to its international trade. Our share in world trade has declined from 3% in 1950 to half a per cent today. The result is that the world’s stake in our welfare and prosperity is minimal today.

Our country has been in serious economic trouble in the last two years. We have looked for help from outside. Irrespective of their political colour, irrespective of their nationalist postures at home, finance ministers have travelled abroad in search of support. Yet they got very little. The reason is not that the world is unduly hardhearted towards us, but that our importance to the world has diminished. Our place in the world is not measured by the size of our population or our arsenal, but by the goods and services we export and import. India sits astride the busiest trade lanes of the world. All the sea and air traffic between the east and the west passes along its seaways and airways. But little of it originates or ends in India. It is my hope that this trade will not simply pass us by, and that we shall take our rightful share of it.

But the world outside cannot be forced to take our goods and services; it must be coaxed to do so. We have to produce the goods the world wants, up to the quality standards that it demands, with the techniques it finds acceptable. This is where we need not only to have knowledge of the world, but to use it in ways it recognises. Our country has imported technologies on a considerable scale. We have sent thousands abroad to be trained. But if we want to learn at home how people work and produce abroad, it is also possible to do so by letting people from abroad come and show us; and one way to get a live demonstration is to invite them to set up enterprises in India.

The idea of foreign direct investment generates considerable heat in our country. It is evident that there are large corporations in the world, and that they can play a role in the foreign policies of their home countries. One should not be unmindful of the possibility that their interests may conflict with our national interests. But their power should not be exaggerated; nor should our ability to protect our interests be belittled.

Building self-reliance The East India Company had acquired control of a large part of east-west trade by means of a control of trade routes, ports, centres of production and markets. No multinational corporation of today comes close to acquiring that kind of control. Further, the government today has more means and more knowledge to regulate the activities of foreign enterprises in the national interest. This is what independence means; this is what independence should be used for not for cutting ourselves off from the global production system, but to interact with it for our own benefit.

And worldwide, direct investment is not a monopoly of large transnational corporations; more often, it is small knowledge-intensive firms that make the most difference. For instance, small Japanese firms driven out of production by rising wages have gone to Malaysia and made it the world’s biggest exporter of rubber gloves. Italian shoemakers looking for new opportunities have provided the backbone of the highly successful Brazilian shoe exports. Mysore and its surroundings today produce some of the finest silks. The most expensive garment in the world is the Japanese silk kimono. Why should not Japanese pattern makers come and make kimonos out of Mysore silk?

For trade, technology and investment are not the only things the world can give us; there is a world full of knowledge outside. There are books, journals that inform and educate and with the ad vent of electronic communications, new means of knowledge are arising. The creation of knowledge is a global process involving universities, research institutes, industries and inventors.

We too can participate in this Process with enormous benefit. or much of this knowledge is available at costs far lower than we would incur to produce it, and the value that can be produced by using that knowledge is a vast multiple of the cost of the knowledge It is short-sighted to try import substitution in knowledge at whatever cost. It can do considerable harm to our technological dynamism. It can cut India off from the community of nations where know ledge grows in an ordered framework. The successful absorption, assimilation and adaptation of available knowledge is a critical aspect of development It is a necessary precursor to the stage where we can ourselves generate new knowledge. India needs a strong research and development base to emerge as a front-ranking nation in the world We must spend more on research and development. Our scientists and technologists ought to be provided with facilities comparable to those available abroad. But R&D must have a proper focus. We ought to pay particular attention to areas which have hitherto been neglected, where we cannot depend on foreigners to generate new knowledge and where new knowledge can make a major contribution to the enhancement of India’s developmental potential and the improvement of living conditions of our masses.

So how are we to regain our self- confidence, to restore our self-reliance? Self-reliance should not mean self-defeating withdrawal and futile confrontation; it should mean thinking for oneself. An essential element in restoring the spirit of self-reliance must be to change the policy environment which gave sanctified withdrawal and glorified confrontation, and to open our country again to the winds of change. Self-confidence comes from practice, from successful adaptation to change; for adaptation, change has to be invited into our country.

This is what we have been engaged in doing in our recent policy initiatives. The intention behind the initiatives is not to betray our nation, nor to weaken its resolve for creative self-reliance. It is to broaden the arena for our productive forces, to bring the best out of them by raising the level of challenge, to make our resources more productive and to distribute the fruits of that productivity more equitably.

But practice is helped by example, and action by resolve. For this leadership our nation will look to you, to young men and women whom it has educated at much cost. I would invite you I would challenge you to look at the world with frank and confident eyes, and to translate the lessons it holds into a better life for our people.


Share Market Ends In Green, Sensex Settles At 78,699 | Economy News

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Share Market Ends In Green, Sensex Settles At 78,699 | Economy News


New Delhi: The domestic benchmark indices ended with gains on Friday as buying was seen in pharma, auto, IT, financial service, FMCG, media, and private bank sectors on Nifty. Sensex ended at 78,699.07, up by 226.59 points or 0.29 per cent and Nifty settled at 23,813.40, up by 63.20 points or 0.27 per cent.

Nifty Bank ended at 51,311.30, up by 140.60 points, or 0.27 per cent. The Nifty Midcap 100 index closed at 56,979.80 after dropping 145.90 points, or 0.26 per cent, while the Nifty Smallcap 100 index closed at 18,755.85, after rising 27.20 points, or 0.15 per cent.

On the Bombay Stock Exchange (BSE), 1,946 shares ended in green and 2,026 shares in red, whereas there was no change in 115 shares. According to experts, “The Christmas week trading ended on a subdued note; a lack of major triggers and caution ahead of the swearing in of the US Republican Party administration continued to impact the sentiment.”

“While the rupee dropped to a new low, weighed down by the expectation of fewer Fed rate cuts, a widening trade deficit, and weak economic growth,” they added. On the sectoral front, selling was seen in the PSU Bank, Metal, Realty, Energy, Infra and Commodities sectors on Nifty.

In the Sensex pack, M&M, IndusInd Bank, Tata Motors, Bajaj Finance, Bajaj Finserv, Sun Pharma, Nestle India, ICICI Bank and Asian Paints were the top gainers. SBI, Tata Steel, Zomato, UltraTech Cement, HCL Tech, L&T, Titan, TCS and Power Grid were the top losers.

The Indian rupee closed at a new low of 85.54 per dollar. The previous close of the Indian currency was 85.26. Foreign institutional investors (FIIs) sold equities worth Rs 2,376.67 crore on December 26, while domestic institutional investors bought equities worth Rs 3,336.16 crore on the same day.