10-figure salaries
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Zerodha founders Nithin and Nikhil Kamath, and the firm’s director Seema Patil, could soon see their annual salaries rise to Rs 100 crore each. Patil, incidentally, is Nithin Kamath’s wife, so if their pay rises are confirmed, the Kamath household’s net income will be around Rs 300 crore next year. Yowzer.
GIF Credit: Giphy Tata makes BigBasket deal official
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Zerodha to reward founders, director with Rs 100-crore salaries
L-R: Nikhil Kamath, Seema Patil and Nithin Kamath
An annual salary of Rs 100 crore is unheard of in India Inc, but that could soon be what Zerodha founders Nithin and Nikhil Kamath, as well as newly appointed whole time director Seema Patil each take home soon.
Fear, uncertainty and doubt reign in Indian cryptoverse
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The Indian crypto universe is in a FUD.
Fear, Uncertainty and Doubt (FUD) took over Indian investors in crypto assets on Wednesday as Bitcoin, the world’s most valuable and best-known crypto token, posted its biggest single-day fall in nearly a year.
After Tesla Inc’s founder Elon Musk said last Thursday that the electric vehicles maker would longer accept Bitcoins, the token fell from a peak of $57,000 last week to about $32,000 at one point on Wednesday before clawing back to around $39,000. China’s move to ban its financial institutions and payment companies from providing crypto transaction services also had a detrimental effect.
Major banks, including ICICI Bank, have cut off crypto exchanges for about a month and have directed payment gateways to stop services to merchants involved in crypto trades
Major banks, including ICICI Bank, have cut off crypto exchanges for about a month and have directed payment gateways to stop services to merchants involved in crypto trades
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