The Chinese investor in the parent firm of Koo, India's answer to Twitter, is on its way out after other investors have pledged to buy out its 9 per cent stake, Koo's co-founder and CEO Aprameya Radhakrishna said.
Half of the people earning between Rs 30 lakh and Rs 70 lakh will lose their jobs in next 10 years.
Here's a list of all the Padma award winners
The P V Narasimha Rao government in the 1990s had been on the verge of bringing to India the ashes, believed to be the mortal remains of Subhas Chandra Bose now kept at the Renkoji Temple in Japan, but was dissuaded from doing so due to an intelligence report.
The move comes after CBI gets sanction to prosecute him in Aircel-Maxis case
'Middle-level managers account for 10 per cent -- or 450,000 people -- in the IT industry in India.' 'And of these 225,000 would lose jobs over the next one decade as their work would get automated.' 'This is grim news for many reasons,' says Aakar Patel.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
While a three-year tax holiday and relaxation of capital gains for funds have been received favourably, others argue that not enough has been announced.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
The tax forces young startups to part with a portion of the capital they have raised from investors due to disagreements over the valuation of the company by Income Tax officials.
The lawsuit pointed out that the plaintiff's experience with Infosys demonstrates the 'discriminatory nature of Infosys' employment practices'.
'Children should be brought up connected to our culture and should be introduced to characters from our mythologies. What is this Baa Baa Black Sheep?'
Ratan Tata invested about $299,000 during the first six months of 2016.
Most companies often subsidise the sale and the delivery, making losses on their books.
"Power to purchase its own equity shares or other securities by way of a buy-back arrangement has been included and provisions relating to nomination facility for shares by a shareholder have been inserted," the Infosys postal ballot notice, uploaded on the company's website, said.
Social media platform Twitter is learnt to have written to the government that it is in advanced stages of finalising chief compliance officer as per the new IT rules and additional details will be submitted to the government within a week, according to an official source.
The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.
Best performers get gifts such as foreign holidays, high-end cars and mobile devices
Infy to cast wide net in CEO search, may go back to 'alumni'
'Over the next 10 years we expect more than 100,000 new start ups to come up and create more than $500 billion in value and 3.5 million to be employed in these start ups.' 'And these are the start ups that will be solving India's problems.'
'His working style differs from his father as he is a quick decision-maker.'
'The focus for IT companies will shift from adding scale to building a smaller, more specialised, talent pool with specific domain expertise,' says Shyamal Majumdar.
The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Commerce and Industry Minister Anand Sharma on Wednesday appeared to share industry's concerns over naming Kumar Mangalam Birla in an FIR in coal scam case saying it was unfortunate and could raise questions over investor confidence in the country.
India's consumer digital economy which was pegged at $85-90 billion in calendar year 2020, is expected to become a $800 billion market by 2030, according to reports released by consulting firm RedSeer at its flagship event Ground Zero 5.0. The digital economy includes 60 per cent of travel, 40 per cent non-grocery retail, 30 per cent of education, 25 per cent of food and beverages services and 6 per cent of pharma/grocery going through digital channels by calendar year 2030. Online retail is set to become the third-largest market by scale by CY30 with an annual gross merchandise value (GMV) of $350 billion in CY30, said RedSeer.
Earlier, maverick right-winger Subramanian Swamy had demanded the sacking of Jaitley's top aide
'Expectations were being built up about radical moves and the action plan did not disappoint.'
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
Infosys, in April, had said that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback.
The tax portal problem is a goof-up by both sides, and making Infosys the only villain in the story is quite unfair, argues Shyamal Majumdar.
'In certain sectors we want to become catalysts, in others we want to encourage.' S D Shibulal discusses Axilor Ventures with Ayan Pramanik and Raghu Krishnan.
Seven years ago, Ravishankar Venkateswaran heard a story during a bus ride.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
With India already having a huge population of meat eaters and about 70 per cent of the people being non-vegetarian, Indian entrepreneurs are hotting up the online meat market.
Some unlikely celebrities are behind multiple campaigns to fight the fake news menace.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Slow growth over several quarters has drawn criticism from various stakeholders including the shareholders.
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