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paytm: US-based Indian entrepreneur claims big stake in Paytm parent

New Delhi: A US-based Indian national has demanded a significant stake in One97 Communications, Paytm’s parent entity, along with a board seat and recognition as a co-founder, while accusing the company’s founder and CEO Vijay Shekhar Sharma of going back on his promise and allegedly misappropriating his investments. Ashok Kumar Saxena (aged around 70 years), who claims to be a founder-director of One97 Communications, lists initial investments of $27,500 between January 2001 and April 2002 towards his promised stake of 55% in the company through an agreement allegedly signed in September 2001. In a legal notice to Sharma, he has also alleged that he was “wrongfully removed” as a director in February 2004.

US-based Indian entrepreneur claims big stake in Paytm parent

(File photo) NEW DELHI: An American national of Indian origin has demanded a significant stake in One97 Communications, Paytm’s parent entity, along with a board seat and recognition as a co-founder, while accusing the company’s founder and CEO Vijay Shekhar Sharma of going back on his promise and allegedly misappropriating his investments. Ashok Kumar Saxena (aged around 70 years), who claims to be a founder-director of One97 Communications, lists initial investments of $27,500 between January 2001 and April 2002 towards his promised stake of 55% in the company through an agreement allegedly signed in September 2001. In a legal notice to Sharma, he has also alleged that he was “wrongfully removed” as a director in February 2004.

Analytics as a Service Market Next Big Thing | Major Giants Oracle, IBM, Microsoft

Analytics as a Service Market Next Big Thing | Major Giants Oracle, IBM, Microsoft
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Analytics as a Service Market Next Big Thing | Major Giants Oracle, IBM, Microsoft

Analytics as a Service Market Next Big Thing | Major Giants Oracle, IBM, Microsoft
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RIP Charles H Perhamus | Newport Buzz

Charles Perhamus, age 78, of Middletown, Rhode Island, passed away surrounded by his loving family on February 19, 2021. Charles “Harlow” was born in Rochester, NY to Charles and Catherine (MacLarty) Perhamus and grew up in Caledonia, NY.  He graduated from Caledonia-Mumford Central High School in 1960 and went on to earn his B.S. in Electrical Engineering on a band scholarship from Michigan State University in 1964. His career in the defense industry began as a field engineer traveling to Hawaii, Europe and Asia aboard the USS Observation and Compass Island. While working for Sperry Univac he met his wife Donna Conron of Uniondale, NY on his 26th birthday and they were married six months later on December 21, 1968. Their early married years took them to Virginia Beach and Cape Canaveral to work on the first moon landing. A new job at Litton Industries brought them to Van Nuys, California and then to Pascagoula, Mississippi for the building of the first LHA ship at Ingalls Shi

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