RBI Slaps INR 5.39 Crore Penalty on Paytm Payments Bank for KYC Non-Compliance and Cybersecurity Violations In a significant development, the Reserve Bank of India (RBI) has imposed a penalty of INR 5.39 crore on Paytm Payments Bank for non-compliance with Know Your Customer (KYC) norms and violations related to cybersecurity. This action underscores the …
Ranjan Pai Contemplates Multi-Million Dollar Investment in Byju’s-Owned Aakash Institute In a strategic financial move that could have a significant impact on the Indian education sector, Ranjan Pai, the Chairman of the Manipal Education and Medical Group, is reportedly considering a substantial investment in the Aakash Institute, owned by Byju’s. This investment, well beyond the …
TCS Continues 100% Variable Pay for Majority of Employees in Q2FY24 Amidst Workforce Changes Tata Consultancy Services (TCS), India’s largest IT services company, is making headlines with its recent compensation strategy, as it continues to adapt to the ever-changing landscape of the IT industry. In a move that has garnered attention, TCS announced that it …
Texting for Success How Vanderbloemen’s Unconventional Test Aids Hiring and Cultural Fit In the ever-evolving landscape of job interviews and hiring processes, companies are constantly seeking innovative ways to assess candidates‘ suitability for their corporate culture. One executive-search firm, Vanderbloemen, has taken an unconventional approach by implementing a text message test to gauge candidates’ responsiveness …
Udaan’s Financial Challenge Navigating the Shifting Landscape of B2B E-commerce in India Udaan, a prominent B2B e-commerce startup, has faced a significant challenge as its operating revenue declined by a substantial 43% in the financial year that ended on March 31, 2023. This notable drop in operating revenue is a noteworthy development for a company …