The series C fundraising was led by its existing investor DST Global, along with Sequoia Capital, Ribbit Capital, Tiger Global, and General Catalyst.
Oyo announces ESOPs of Rs 130 cr for all furloughed employees impacted by COVID-19; forms exigency fund for staff
On 8 April, Oyo founder and Group CEO Ritesh Agarwal had said in a letter and video message that the company will place a certain number of employees on furloughs or temporary leaves, globally.
Income tax: Taxpayers should evaluate previous, latest slabs before finalising option; here's all you need to know about two regimes
Seven slabs have been introduced for personal income tax. The tax rates on income up to Rs 15 lakh have been reduced to benefit the Indian taxpayers.
IDFC First Bank on Friday said its Managing Director and Chief Executive Officer V Vaidyanathan has sold 2.75 crore shares for approximately Rs 58 crore to close ESOP loan availed by him
Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth
To reduce startup 'infant mortality' and encourage angel investments, risk-taking, creation of jobs, it is hoped the government will allow for tax exemption for amounts invested in accredited startups.
ICICI Bank-Videocon loan case: Chanda Kochhar plans legal battle to challenge ouster, bonus retrieval
Chanda Kochhar reportedly shot a legal letter to the private lender, objecting to the way her resignation was treated as termination, denying to return the money she got as bonuses and stock options.
Jet Airways bailout plan: Employees' consortium to bid for cash-strapped airline; seeks to raise Rs 3,000 cr from outside investors
This is the first time that employees have come together with a proposal to run the more than 25-year-old Jet Airways
RBI proposal to revamp bank CEO compensation: Companies Act should take a leaf out of central bank’s gesture
In other words, since the public sector bank honcho salary is abysmally low, what the RBI is doing according to critics is reducing the salary of foreign and private banks.
Bank of Baroda board to consider allotment of shares to staff next week under employee stock purchase scheme
Bank of Baroda (BoB) on Thursday said its board will meet next week to consider allotment of fresh shares under the employee stock purchase scheme.
Sunil Mittal received salary and allowances of Rs20.13 crore, while the performance-linked incentive stood at Rs9 crore during FY17
Inter-se transfer of equity shares between promoter group companies will not enjoy the exemption
Pay panel says CPSEs should give 10-25% of performance related pay as ESOPs to staff to retain talent
If the recommendations are approved by the government, the minimum monthly salary of below board-level executives will increase to Rs 30,000 from Rs 12,600
Spicejet is offering its senior and middle level staff high-end cars worth Rs 25 lakh as a retention measure. If they stay for 4 years or more with the company, they even get to keep the car.
He announced last week that the company would lay off 336 employees, about 8 percent of its workforce, in an attempt to streamline Twitter's products and teams
Investors think such antics by Rahul Yadav will only destroy the prospects of the company
Now, Housing's Rahul Yadav challenges Zomato's Deepinder, Ola's Bhavish to give away half their stakes
The latest FB post shows that he might have been a result of the PR boost he got yesterday
While the 'gift' could serve as a temporary motivation factor for Housing.com's employees who might be concerned about their future in this uncertain startup, it should also be noted that in most cases, when a founder decides to leave a company, his share is transferred back to the ESOP pool. Is this 26-year old CEO really willing to lose it all and start afresh or is there more to it than meets the eye?
Sebi has already announced draft regulations for REITs and InVITs, for which the government also proposed tax benefits during the union budget earlier this month.
As the financial year 2012-13 draws to an end next month, 20 of the country's biggest blue-chip firms have together allotted shares worth nearly Rs 5,500 crore to their staff this fiscal upon the exercise of employee stock options.