Express News Service
BENGALURU: The Union Budget 2020-21 scored few hits but had many misses when it comes to India’s IT/ITES industry and startup sectors.
The Modi government’s digital first approach right from Rs 50,000 crore allocation for R&D to digital census did find praiseworthy mentions among tech industry leaders, however the expectations of more policy related clarity on companies working out of Special Economic Zones, tax rebates, employee related measures were found amiss.
Although Finance Minister Nirmala Sitharaman’s claim of a big boost to startups by extending the tax holidays till March 31, 2022, is perceived as an worthy move, the announcement came with a rider that only those firms registered with Inter Ministerial Board (IMB) would be able to claim the benefit.
DCB Bank has allotted 9,600 equity shares of Rs.10/- each on 29 December 2020 pursuant to the terms of the Employee Stock Option Plan (ESOP) of the Bank.
Post this allotment, Bank s issued and paid up share capital has increased to 31,04,89,963 equity shares of Rs.10/- each.
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Exclusive| Billionaire Yuri Milner fund in talks to invest in Rupeek
Milner, along with other top VCs, is in talks to invest in gold loans startup Rupeek, nearly doubling its valuation in less than a year. Its current backers include Sequoia, Accel and Binny Bansal.
Rupeek founder Sumit Maniyar
Yuri Milner, the billionaire chief of global technology fund DST Global, is in advanced discussions to back gold-loans startup Rupeek, nearly doubling its valuation in less than a year, sources have said.
One of the world s most influential investors, Milner s Gemini Investments, along with other partners of DST Global, are expected to lead a round of about $45 million, valuing Rupeek between $550-600 million, sources said.
Read more about Grasim Industries allots 11.775 equity shares under ESOS on Business Standard. Consequent to the above allotment, the equity share capital of the Company standsincreased to 65,79,51,004 equity shares of Rs 2 each aggregating to Rs 1,31,59,02,008.
(Representative image)
NEW DELHI: Shares of Majesco hit the upper circuit in ex-dividend trade on Wednesday, and were up nearly 5 per cent from the adjusted previous close.
Shares of the IT company were up 4.72 per cent at Rs 12.20, from the adjusted previous close of Rs 11.65. We hereby inform you that Investors’ Grievances and Stakeholders’ Relationship Committee of the Board of Directors of the Company passed a resolution by circulation today i.e. December 22, 2020 for allotment of 7,500 fully paid-up equity shares of face value of Rs 5/- each to employee, who exercised his vested options under the Company s Employee Stock Option Scheme, Majesco said in a notification.