Unacademy’s competitor Byju’s is the only other online learning platform among India’s unicorns. Edtech companies such as Unacademy and Byju’s — valued at over $10 billion — have been among the few businesses that benefited from the coronavirus lockdown as schools remained shuttered and people stayed indoors. … [Read more...] about Big Story | SoftBank in talks to invest in learning startup Unacademy at $1.2 billion valuation
Base vn raises 1 3 million
In the end, 98% of our employees offered to take anywhere between a 10% and a 100% pay cut. Many of them said they were able to do this because, thanks in part to our $70,000 minimum wage, they’d been able to pay off debt and save money so they had a little bit of a cushion. I was so moved by their willingness to sacrifice for one another and our company that I cut my salary from $70,000 to $0 in solidarity. (In 2015, I cut my compensation package from $1.1 million to $70,000 to help pay for the $70,000 minimum wage. That, along with our standard employee benefits package, is the only income I receive from the company.) Together, these pay cuts helped buy us a few extra weeks of time to operate. … [Read more...] about I’m a tech CEO. Here’s why I’m not taking a salary during COVID-19
Employee compensation is a company’s largest operational expense. Yet those announcing new remote work policies have yet to reconcile how the new rules impact compensation in the long term. Though some companies, such as Facebook, have already announced their intention to pay different rates for employees working outside an office, most have been holding back on making that decision. But once the dust settles and many or most employees have moved off-site, employers will be looking at shifting pay policies while employees reconcile how this affects their paychecks and plans. … [Read more...] about The work-from-anywhere era changes everything about compensation
The court has directed FADA to furnish the data of BS4 sales and directed the government to corroborate the sales data with the information available on the VAHAN portal. The SC noted that over 17.000 vehicles sold were not registered with the VAHAN portal. … [Read more...] about This week in Auto: Has real demand picked up?
The private sector lender, struggling to shore up capital to improve its financial position, also saw a decline in income during March quarter at Rs 629.76 crore compared with Rs 739.73 crore in the year-ago same period as it has been witnessing deposit erosion since last September. … [Read more...] about Lakshmi Vilas Bank swings into black, posts Rs 93 crore profit in Q4FY20