›Suits & Sayings: Fugitive tycoon buys a Bugatti Veyron; unicorn boss turns a bully; IIT Bombay gets fat cheque for first female faculty chair
Suits & Sayings: Fugitive tycoon buys a Bugatti Veyron; unicorn boss turns a bully; IIT Bombay gets fat cheque for first female faculty chair
The former Badshah of bling bought the car from the money he sought from a judge to pay bills.
Synopsis
One of the investors of a leading VC firm is quite distressed.
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours:
Of Bumper Bonuses
After disappointing appraisals last year, smiles are back this time around in this storied business group, or so we thought. Good financial results, runaway stock performance and business turnarounds have meant handsome bonuses, salary hikes and promotions. Everyone should be kicked, we assumed, till we started hearing rumblings
›Suits & Sayings: All not well between this CEO & PE owners; Covid nixes billionaire family s vacay plans; BFSI veteran eyes bank bid
Suits & Sayings: All not well between this CEO & PE owners; Covid nixes billionaire family s vacay plans; BFSI veteran eyes bank bid
A massive restructuring is ongoing to take out the high-cost loans, rejig alliances and business operations.
Synopsis
There was much happening behind the scenes, in the corporate world.
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours:
Wrong Application
When the names of those who have applied to the regulator for new bank licences emerged recently, folks at India’s largest foreign bank were amused to see the name of one of their senior ex-colleagues who spent several years in India as an applicant. They still recall the several run-ins this former colleague had with the central
›Suits & Sayings: Buzz grows about DBS boss Piyush Gupta eyeing Citi’s consumer biz; toxic work culture hits ed-tech unicorn; a bittersweet Sandesh ‘poll’ battle in Bengal
Suits & Sayings: Buzz grows about DBS boss Piyush Gupta eyeing Citi’s consumer biz; toxic work culture hits ed-tech unicorn; a bittersweet Sandesh ‘poll’ battle in Bengal
A little bird told us that a massive row has resulted in the parting of ways between this septuagenarian tycoon and his ‘young’ acolyte, also a reclusive billionaire, but bruised badly in recent times after losing an all-or-nothing legal war.
Synopsis
They say there are no permanent friends or enemies in business and politics.
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This unicorn founder has been saying that hi company is on path to resurgence.
Synopsis
This much-anticipated IPO is facing allegations of corruption and fraud.
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours:
Smart MovesThe big corporate houses, from Aditya Birla to Tata, Reliance or JSW, all have a mini investment bank within the organization filled with ace rainmakers. The latest to make that career shift is adventure-loving, biker-banker Karan Suri who is all set to join his former Morgan Stanley and Rothschild mate Anshuman Thakur at Reliance