Toxic Work Culture in Indian Startups: A Techie’s Ordeal Sparks Nationwide Debate
In a recent Reddit post, an Indian software engineer recounted a distressing experience with a startup co-founder, alleging verbal abuse and excessive work hours that led to an emotional breakdown during a virtual meeting. This revelation has reignited discussions about…
Understanding the Compensation and Perquisites of the RBI Governor
The Governor of the Reserve Bank of India (RBI) holds a pivotal role in steering the nation’s monetary policy and ensuring financial stability. This esteemed position comes with a structured compensation package and a range of benefits that reflect its…
IndiGo Initiates Legal Action Against Mahindra Electric Over ‘6E’ Trademark Usage
India’s leading airline, IndiGo, has filed a lawsuit against Mahindra Electric Automobile Limited, alleging unauthorized use of its ‘6E’ trademark in the naming of Mahindra’s new electric vehicle, the BE 6e. The case, lodged in the Delhi High Court, underscores…
Pricol Acquires Sundaram Auto Components’ Injection Moulding Division for ₹215 Crore
In a strategic move to bolster its position in the automotive components sector, Pricol Limited has announced the acquisition of Sundaram Auto Components Limited’s (SACL) injection moulding business for ₹215 crore. This acquisition is anticipated to add approximately ₹730 crore…
Business Correspondents Advocate for Increased AePS Transaction Fees Amid Rising Operational Challenges
The Business Correspondent Federation of India (BCFI), representing bank agents serving underbanked regions, has called for a 50 basis point increase in fees for Aadhaar-enabled Payment System (AePS) transactions. The proposed adjustment aims to address escalating operational costs and the…
HDFC Securities’ Strategic Shift: Discontinuation of Franchisee Business Amid Digital Transformation
HDFC Securities, a prominent brokerage firm in India, has announced the discontinuation of its franchisee business model. The company emphasizes that this decision is a strategic move aimed at streamlining operations and enhancing service quality, rather than a response to…
