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Shareholders voted down Siddhartha Lal as Eicher Motor’s MD over proposed pay hike
In one of the rare incidences, shareholders have voted down the appointment of Siddhartha Lal as the MD of the Company due to the proposed pay hike of 10%. Shareholders had primarily voted against the pay hike – it being higher than the median employee salary hike of 1% and also the financial performance of … Read more
Amazon To Open Brick And Mortar Shops
Online retail giant Amazon.com Inc. (AMZN) is planning to get back into brick and mortar shops as the company is looking to open large departmental store-like facilities, reported WSJ on Thursday. The stores are expected to follow the concept of the in-business departmental store brands like Macy’s Bloomingdale’s Inc. and Nordstrom Inc., but will be … Read more
Now chat with Big B’s voice on Amazon Alexa for Rs 149 in India
Amazon on Thursday said it has made India’s first celebrity voice feature on Alexa available with the legendary Amitabh Bachchan, and the users in India can add his amazing voice to their Alexa experience on Echo devices for an introductory price of Rs 149 for one year. The customers need to press the mic … Read more
Postman funding: Postman becomes most valued SaaS startup at $5.6 billion after fresh funding
Application programme interfaces (API) platform Postman has raised $225 million in new funding led by existing investor Insight Partners along with new investors like Coatue, storied Silicon Valley investor Mary Meeker’s Bond Capital and Battery Ventures joining the round. Post this funding, Postman is now valued at $5.6 billion. This makes the seven-year-old startup the … Read more