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Paytm Owner, CEO, Brother Settle Stock Options Case, Pay Rs 2.8 Crore
One97 Communications Ltd, owner of the Paytm brand, its CEO Vijay Shekhar Sharma and his brother Ajay Shekhar Sharma on Thursday settled with markets regulator SEBI a case pertaining to the company's Employee Stock Options by paying Rs 2.8 crore.
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Swiggy's Stock Market Debut Makes 500 Current, Ex Employees Crorepatis: Report
Swiggy's much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the "crorepati" club, with the food delivery and quick commerce major's listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers.
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SEBI Pulls Up Paytm Founder, Director on IPO Breaches: Report
Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm's November 2021 IPO over alleged misrepresentation of facts. SEBI alleged that grant of 21 million employee stock options (ESOPs) to Sharma were in violation of its rules on grant of shares-based employee benefits.
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This Millionaire Transferred Ownership Of His Firm To 700 Employees, Here's Why
Mr Moore had established a unique ownership structure for his natural food firm. Rather than selling out to a food conglomerate, he gave his 700 employees full ownership of the company.
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SEBI Planning To Plug Gaps Allowing Founders To Own Stock Options
The capital markets regulator is planning to change its rules to address concerns around founders and family members of tech or app-based startups owning shares under the employee stock ownership plan (ESOP).
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Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Paytm's Parent Firm Witnesses Strong Revenue Momentum With 42 Percent YoY Growth
One97 Communications, which owns the payments and financial services platform Paytm, continue to witness strong revenue momentum across its business verticals. The fintech firm on Friday reported its revenue from operations increased to Rs. 2,062 crore, a growth of 42 percent on a yearly basis and 8 percent on a quarterly basis.
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25,000 Flipkart Employees To Benefit From $700 Million Cash Payout: Report
"We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction," an email from Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer) read.
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Zomato Employees To Get 4.66 Crore Shares At 98% Discount
The entire allotment, at current share price levels, is worth around Rs 193 crore.
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Swiggy Offers $23 Million Liquidity For Employees With Stock Options Plan
On-demand convenience platform Swiggy on Thursday announced a $23 million (over Rs 180 crore) ESOP liquidity programme for eligible employees.
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Multinationals Being Probed In Connection With ESOPs Paid To Employees In India
The tax authorities want to know the nature of the ESOP payment by an MNC and the tax applicable on it
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Paytm's March Quarter Revenue Surges 89%, EBITDA Before ESOPs Improves
Revenue from operations of One97 Communications, the parent company of Paytm, jumped by about 89 per cent to Rs 1,540.9 crore during the March quarter
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Zomato CEO Set to Aid Delivery Workers With Rs. 700-Crore Donation, Union Calls It a 'Ploy to Divert Attention'
Zomato CEO Deepinder Goyal announced to donate his employee stock option plan (ESOP) proceeds worth Rs. 700 crore to aid its delivery workers in a letter sent to its employees. The move has been called "a ploy to divert attention" from the recent worker protests by the Telangana Gig And Platform Workers Union (TGPWU).
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PhonePe to More Than Double Employee Count to 5,400 by December 2022
PhonePe said it plans to more than double its total employee strength to 5,400 across the country by the end of December 2022 from existing 2,600.
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Why Madhuri Jain Grover, BharatPe Co-Founder's Wife, Was Sacked: 5 Points
Madhuri Jain Grover, the wife of fintech firm BharatPe's co-founder Ashneer Grover, was sacked today over alleged financial irregularities, and her ESOPs were cancelled.
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Paytm Owner, CEO, Brother Settle Stock Options Case, Pay Rs 2.8 Crore
One97 Communications Ltd, owner of the Paytm brand, its CEO Vijay Shekhar Sharma and his brother Ajay Shekhar Sharma on Thursday settled with markets regulator SEBI a case pertaining to the company's Employee Stock Options by paying Rs 2.8 crore.
-
Swiggy's Stock Market Debut Makes 500 Current, Ex Employees Crorepatis: Report
Swiggy's much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the "crorepati" club, with the food delivery and quick commerce major's listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers.
-
SEBI Pulls Up Paytm Founder, Director on IPO Breaches: Report
Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm's November 2021 IPO over alleged misrepresentation of facts. SEBI alleged that grant of 21 million employee stock options (ESOPs) to Sharma were in violation of its rules on grant of shares-based employee benefits.
-
This Millionaire Transferred Ownership Of His Firm To 700 Employees, Here's Why
Mr Moore had established a unique ownership structure for his natural food firm. Rather than selling out to a food conglomerate, he gave his 700 employees full ownership of the company.
-
SEBI Planning To Plug Gaps Allowing Founders To Own Stock Options
The capital markets regulator is planning to change its rules to address concerns around founders and family members of tech or app-based startups owning shares under the employee stock ownership plan (ESOP).
-
Paytm Registers Incentive Worth Rs. 130 Crore From UPI Transactions in 3 Quarters
One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. The company has calculated an incentive of Rs. 130 crore from UPI transactions in three quarters but Sharma said that the incentive may technically make the fourth quarter a free ca...
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Paytm's Parent Firm Witnesses Strong Revenue Momentum With 42 Percent YoY Growth
One97 Communications, which owns the payments and financial services platform Paytm, continue to witness strong revenue momentum across its business verticals. The fintech firm on Friday reported its revenue from operations increased to Rs. 2,062 crore, a growth of 42 percent on a yearly basis and 8 percent on a quarterly basis.
-
25,000 Flipkart Employees To Benefit From $700 Million Cash Payout: Report
"We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction," an email from Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer) read.
-
Zomato Employees To Get 4.66 Crore Shares At 98% Discount
The entire allotment, at current share price levels, is worth around Rs 193 crore.
-
Swiggy Offers $23 Million Liquidity For Employees With Stock Options Plan
On-demand convenience platform Swiggy on Thursday announced a $23 million (over Rs 180 crore) ESOP liquidity programme for eligible employees.
-
Multinationals Being Probed In Connection With ESOPs Paid To Employees In India
The tax authorities want to know the nature of the ESOP payment by an MNC and the tax applicable on it
-
Paytm's March Quarter Revenue Surges 89%, EBITDA Before ESOPs Improves
Revenue from operations of One97 Communications, the parent company of Paytm, jumped by about 89 per cent to Rs 1,540.9 crore during the March quarter
-
Zomato CEO Set to Aid Delivery Workers With Rs. 700-Crore Donation, Union Calls It a 'Ploy to Divert Attention'
Zomato CEO Deepinder Goyal announced to donate his employee stock option plan (ESOP) proceeds worth Rs. 700 crore to aid its delivery workers in a letter sent to its employees. The move has been called "a ploy to divert attention" from the recent worker protests by the Telangana Gig And Platform Workers Union (TGPWU).
-
PhonePe to More Than Double Employee Count to 5,400 by December 2022
PhonePe said it plans to more than double its total employee strength to 5,400 across the country by the end of December 2022 from existing 2,600.
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Why Madhuri Jain Grover, BharatPe Co-Founder's Wife, Was Sacked: 5 Points
Madhuri Jain Grover, the wife of fintech firm BharatPe's co-founder Ashneer Grover, was sacked today over alleged financial irregularities, and her ESOPs were cancelled.
