Page 74 - Data Science For News Today

Swiggy has appointed Ashwath Swaminathan, a former executive from Hindustan Unilever, as its chief growth & marketing officer. Swaminathan brings experience in strengthening consumer brands and growth marketing through data-driven insights and strategic collaborations.

The tax holiday scheme for startups, announced for the first time in the Union Budget 2017, offers 100% tax rebate to eligible startups on profits made for a period of three years in a total time frame of 10 years of operations. The government has been extending the benefits for one year in every budget since then.

Budget 2024: Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, also said the blending of compressed biogas into compressed natural gas for transport and piped natural gas will be mandatory.

Many founders and investors took to public platforms to point out that the Reserve Bank of Indias directive has come across as being harsh, with the potential of affecting millions of consumers and businesses.

Tesla will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, days after a judge invalidated Elon Musks $56 billion pay package. Musk, who shifted Teslas headquarters to Austin, Texas in 2021, plans to move the companys incorporation to Texas. The majority of the over 1.1 million votes cast in a poll favored the shift.

BharatPe Group appoints Rohan Khara as chief product officer. Khara will lead product development and innovation, design merchant and consumer products, and head user research teams. He was previously managing director at FairMoney India. Khara has experience building financial services products across fintech startups in India, Indonesia, and Nigeria.

Paytm shares plunged the daily limit of 20% on Thursday after the central banks move, which could be a precursor to its licence being cancelled, said a person familiar with the matter.

The Reserve Bank of Indias decision to prohibit Paytms vertical Paytm Payments Bank from offering all forms of banking services within a month has sent shockwaves through the Indian fintech landscape. Numerous industry executives have expressed their concerns, including Ashneer Grover, cofounder of BharatPe, who called for the finance minister and the prime minister of India to intervene.

Paytm Payments Bank, an associate company of Paytm, was asked by the RBI to stop most of its basic banking services by February-end. Paytm has officially informed the stock exchanges about how it plans to ensure business continuity after the RBI order. But this is the first message from the founder.

Paytm founder Vijay Shekhar Sharma, who also spoke, expressed confidence about overcoming the challenges posed by the Reserve Bank of India order asking the payments bank to stop all its services.