What sets successful ceos apart

PhonePe CEO Sameer Nigam (Image credit: Photo tweeted by @_sameernigam) Payments and financial services company PhonePe has clear plans to list on the stock exchanges some day and when ready the company will launch an initial public offering (IPO) in India, founder and CEO Sameer Nigam said. Speaking in an episode of CNN News18 ’s Bits to Billions, Nigam said that the company is also in the process of moving its registered entity from Singapore to India. Missed Bits to Billions? Watch it here: PhonePe Is Made In India, Will List In India: How Sameer Nigam & Rahul Chari Built A Unique Unicorn "We are moving our holding company to India, and we will list here. Our board has already signed off on it, it's just a matter of time now," he said. "We are a made in India company. Every office, data centre, and employee of ours is here. There is no reason why we should not contribute to wealth creation in this market." Close PhonePe's move to bring back its … [Read more...] about PhonePe is made in India and will list in India, says CEO Sameer Nigam

Share to Twitter Share to Linkedin Parker Conrad, ex-Zenefits, is now worth $2.2 billion thanks to the success of his new HR software startup Rippling. His cofounder is also a billionaire. S ix years after his first HR startup Zenefits blew up, Parker Conrad’s redemption is complete. He’s now a billionaire–with a net worth of $2.2 billion, by Forbes estimates–in the wake of his new HR startup Rippling’s lofty valuation of $11.25 billion. Back in February 2016, Conrad had resigned under pressure from Zenefits, while the former unicorn retrenched and slashed its valuation by more than half under new leadership. But by April that year–after spending time at home, depressed and binge-watching Star Wars movies while the Securities and Exchange Commission and state insurance commissioners opened investigations into his former startup–he was back with a new HR software startup, Rippling. He was filled with ideas for how to do things better this … [Read more...] about Fallen Unicorn CEO Is Now A Billionaire

Share to Twitter Share to Linkedin Earlier this month, the Centers for Disease Control and Prevention (CDC) revised its guidance to say that the Covid-19 virus can “linger in the air for minutes to hours” and occur between people spaced more than six feet apart. This followed a CDC study last month that found that adults with Covid-19 were twice as likely to have dined out at a restaurant within two weeks prior to being infected. A new simulation from the Fugaku supercomputer in Japan demonstrates how the seating arrangement can make a difference to how easily the coronavirus is transmitted to dining companions at the same table. Japanese researchers from Kobe University and the research giant Riken tasked Fugaku, the world’s fastest supercomputer, to model how the coronavirus spreads in a typical dining situation. The simulation shows the emission and flow of aerosol particles when four people are sitting a table and speaking … [Read more...] about Viral Video: Japanese Supercomputer Shows How Coronavirus Spreads In A Dining Setting

Infy's market cap after peaking at $110 billion in January is around $79 billion now, more than double what it was when Salil Parekh took charge. By approving a mega-compensation package for Salil Parekh, its CEO for the last four-and-a-half years, Infosys isn’t just rewarding his performance but also correcting a historical wrong. In 2017, Parekh was brought in after the messy exit of previous CEO Vishal Sikka. Through all the sparks that flew in the months leading up to the eventual transition, it was Sikka’s high salary that was the bone of contention. The fact is, notwithstanding co-founder NR Narayana Murthy’s disagreements with Sikka over the issue, the company’s investors clearly were impressed with his performance, enough for its share price to rise 26 percent in the three years that he was at the helm. Nor was this part of a secular rise in IT stocks. During that period, Infosys was the outperformer in the stock market with shares of the other four Indian IT companies … [Read more...] about Salil Parekh’s salary is merely a reflection of Infosys’ performance

Millions of Americans don’t have access to high-speed internet, the majority of whom live in rural areas. To help the 4,000-plus member owners of its farmer cooperative, Land O’Lakes CEO Beth Ford has made it her mission to advocate for public and private investment in broadband access. advertisement advertisement Internet connectivity is necessary for quality education and healthcare. Without the right tools and technology, it’s harder for farmers and their families to be successful. “When farmers aren’t secure, it leaves us less secure as a nation,” says Ford. To help bridge the digital divide, Ford spearheaded Land O’Lakes’ American Connection Project . Advocating for private and public sector investment in rural internet infrastructure, the effort includes over 170 organizations. Ford is working closely with U.S. Commerce Secretary Gina Raimondo, and was in D.C. for the signing of the $65 billion infrastructure bill that will … [Read more...] about Beth Ford wants to change the narrative about rural America

INQUIRER.net stock images WASHINGTON — It’s often said that people who click right away share “chemistry.” This expression could be true in the literal sense, according to a new study published in the journal Science Advances on Friday, which finds people with similar body odors are more likely to hit it off as friends. “Nonhuman terrestrial mammals constantly sniff themselves and each other and, based on this, decide who is friend or foe,” wrote a group of researchers led by Inbal Ravreby at Weizmann Institute of Science in Israel. Since people seek friends who are similar to themselves, the team hypothesized that humans may smell themselves and others to subconsciously estimate body odor similarity and judge their compatibility. To find out, they set about collecting samples from pairs of same-sex, nonromantic friends who described themselves as having clicked at first sight, that is to say “where a sense of friendship was formed before extensive biographical information … [Read more...] about Friends at first sniff: People smelling alike do hit it off

Share to Twitter Share to Linkedin NFT platform OneOf has announced the release of The Sky’s the Limit: The Notorious B.I.G. NFT Collection on July 26th. The first-of-its-kind NFT collection is being done in partnership with the Christopher Wallace estate . The collection will aim to honor Notorious B.I.G. as one of the most influential rappers of all time. The collection will feature 3D avatars inspired by his life and work, and will uniquely include the right for each NFT holder to collectively license the audio of Biggie Smalls’ most famous freestyle, filmed on a street corner in Brooklyn when he was 17. Until now the freestyle has never been officially released or made available for other musicians to sample and use in their songs. With the approval and oversight of the collective (and estate), musicians will be able to license Smalls' iconic freestyle and include it in their own recordings. The song can also be released on music streaming … [Read more...] about The Notorious B.I.G. Collection And The Marketing Of NFT Campaigns

Deepinder Goyal. Zomato announced on June 24 that its board had approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore. According to the terms of the agreement, Blinkit shareholders will get a cumulative stake of 6.88 percent in Zomato and the target company’s leadership team, including co-founder and CEO Albinder Dhindsa, will stay on to run the ship. But, questions still remain about how Zomato, a company that registered losses of Rs 1,223 crore in FY22, plans to derive value from acquiring another loss-making delivery startup. The food delivery major’s top executives put out a ready reckoner laying out the rationale behind the deal. From having a Blinkit tab on the Zomato app to sharing delivery fleets to cut costs, here are some of the important reasons that came through from what they said: Increased customer wallet share Close “Quick commerce will help us increase the customer wallet share spent on our platform and … [Read more...] about Seven reasons for Zomato’s Rs 4,447-crore Blinkit buyout deal

Share to Twitter Share to Linkedin Elon Musk has gained 17 million Twitter followers since April, when he first announced plans to buy the social media company. But there is one billionaire who still has even more followers than he does. Oh, the power of an enormous Twitter following paired with an enormous fortune. Elon Musk—the world’s richest person—has 99.5 million Twitter followers who are exposed regularly to his rants and musings. He uses Twitter as a publicity tool (journalists regularly rush to cover whatever he says) and as a bully pulpit, complaining about regulators (including the Securities and Exchange Commission ), people he doesn’t like (that “pedo guy,” a term Musk used in 2019 to describe Vernon Unsworth, a British cave diver who helped rescue a trapped junior football team in Thailand. Unsworth sued for defamation and lost ) and politicians. President Joe Biden , Sen. Elizabeth Warren and Sen. Bernie Sanders , to whom he … [Read more...] about Here Are The Billionaires With The Largest Twitter Following

Carlton House Terrace overlooks The Mall and St James’ Park in London. The Hinduja brothers now occupy Nos 13-16 in the eastern terrace. (Photo: Danish Khan) In 2006, the Hinduja brothers bought 13-16 Carlton House Terrace for £58 million. They spent another £50 million on renovating the 67,000 sq. ft home which was formally opened in 2011. Over 300 people were invited to the housewarming party, but it was a few more years before the Hindujas moved in completely. The family was reluctant to leave their more modest 25,000 sq. ft abode - just opposite Carlton House Terrace - where they had lived for over 30 years. The four brothers Srichand, Gopichand, Prakash and Ashok who control the Hinduja Group do believe in lucky charms. But now the 25-bedroom property, which comprises four interconnected six-storey Georgian Houses, designed by architect John Nash with its classical cornices, French polished timber, and ceiling roses is where they host the high and the mighty. It is easy … [Read more...] about Hinduja brothers find a historical link to Buckingham Palace through their new London home