Key Points
Employees of Walmart-owned ecommerce major Flipkart are all set to finally receive a one-time cash payout from the $700 million esop buyback by the company following its separation from PhonePe, sources in the know of the matter told ET...
The legal formalities for the payout are currently underway, an internal note to employees said.. Besides this, existing investors and employees (esop holders) of the Flipkart group, including Myntra, can either reinvest in the latest PhonePe round, or sell shares in a secondary transaction...
The fintech firm has totally deployed 7.9 million PoS (point-of-sale) terminals, of which 4,00,000 were installed in June alone.. Big offer: In a pitch, reviewed by ETtech, to a large pharmacy chain that needed more than 100 terminals, Paytm offered an incentive of Rs 40 lakh per annum, provided the chain deployed at least 100 terminals..
Independent directors: The BAC, comprising independent directors with diverse corporate backgrounds and experience, will advise the CEO on board composition and governance thats appropriate for Byju's scale, size, and performance aspirations, as per minutes from a shareholders' meeting reviewed by ET...
Offer-shopping hits BFSI firms: At a time when companies in Indias banking, financial services, and insurance (BFSI) sector are looking to hire technology professionals specialised in niche skills to steer their accelerated digitisation drive, candidates with high-end tech expertise are offer-shopping, leading to several companies struggling with a low offer acceptance rate...
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