How it Works – Page 11

PhonePe founders’ pay cut: Salary drops to Rs 5 crore

PhonePe founders Sameer Nigam (R) and Rahul Chari (L) Image source: Moneycontrol

PhonePe has attracted a set of high quality, marque investors like Walmart, Tiger Global, Ribbit Capital, Tencent, Microsoft who have invested over Rs 18,000 Crore in the company till date.

Paytm posts Rs 930 crore profit in Q2 driven by Zomato sale

While the company's overall revenue from operations declined by 34% year-on-year to Rs 1,659 crore, it saw a slight increase from the Rs 1,501 crore reported in the previous quarter.

The company’s profitability was primarily driven by a one-time gain of Rs 1,345.4 crore from the sale of its movie ticketing and events businesses to Zomato Limited.

Microsoft leads as most imitated brand with 61% phishing attempts: Report

Alibaba makes its debut in the top 10 at seven place, and Adobe reenters the rankings at eight, marking its first appearance since Q2 2022. The Technology sector remains the most impersonated industry, followed by Social Networks and Banking, highlighting the persistent vulnerabilities faced by major online service providers.

Apple retains its second position with 12%, while Google has climbed to third place with 7%.

MIB elevates Neerja Sekhar to the rank of Special Secretary

In 2020, the 1993-batch senior IAS (Haryana), Neerja Sekhar replaced IAS Atul Kumar Tiwari as the Additional Secretary, MIB.

Neerja Sekhar IAS (Haryana 1993) is currently serving as the Additional Secretary, Ministry of Information and Broadcasting (MIB).

“If you won’t follow AMG, you will say OMG,” says Prof Chetan Solanki

"99% people don't understand the whole idea of sustainability"

Prof Solanki believes in the three step approach – AMG, which he explains as avoid, minimize and generate.

TRAI releases consultation paper for ground-based broadcasters; seeks comments from stakeholders

TRAI also said, "No further requests for extension would be considered."

As per TRAI, the consultation paper may be accessed on TRAI’s website. Additionally, written comments on the consultation paper are invited from the stakeholders by November 15,2024 while counter comments can be submitted by November 29,2024.

Ghatkopar hoarding collapse: Prime accused Bhinde gets bail

The hoarding installed in Ghatkopar area collapsed due to "unexpected, unusual wind speed" and no fault can be attributed to the applicant (whose firm had installed it), advocate Khan argued.

Seventeen persons, including a former general manager of the Mumbai airport’s Air Traffic Control and his wife, died after the billboard crashed onto a petrol pump on May 13 during sudden dusty winds and unseasonal rains.

HDFC Bank’s profit rises by 5 percent to Rs 16,820 cr; employee count increases by 4.5 percent to 2,06,758

As of September 30, 2024, the Bank’s distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 30, 2023. 51% of its branches are in semi-urban and rural areas. In addition, HDCFC has 15,217 business correspondents, which are primarily manned by Common Service Centres (CSC). (Image source: CNBCTV18)

The number of employees were at 2,06,758 as of September 30, 2024 (as against 1,97,899 as of September 30, 2023).

Need to grow with sustainability for nation to become self-reliant: Union Minister Chirag Paswan

As a Food Processing Minister, Chirag Paswan shared that his dream is to have more and more Indian homegrown brands in global supermarkets, at Storyboard18 and Network18’s Power of Purpose: Sustainability Edition.

Speaking at Storyboard18’s Power of Purpose: Sustainability Edition on October 18 in New Delhi, Chirag Paswan, Minister of Food Processing Industries, shed light on the importance of minimising wastage and use of technology to work towards Prime Minister Narendra Modi’s vision of Viksit Bharat by 2047.

Next-gen more conscious of being sustainable than previous: Sanjeev Bikhchandani of InfoEdge

“AI will eventually end up replacing human beings in many areas—there will be a process of transition. But in the long run, AI should create more jobs than the job losses that are caused,” says Sanjeev Bikhchandani, Co-founder & Executive Vice Chairman, InfoEdge (in right) at the Storyboard18 and Network18 Group's Power of Purpose: Sustainability Edition.

Speaking at Storyboard18’s Power of Purpose: Sustainability Edition, Sanjeev Bikhchandani, Co-founder & Executive Vice Chairman, InfoEdge talks about how company’s growing investment in the sustainable businesses. He further highlights the need for young business leaders to be in touch with the frontline employees.