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<ul><li><keyword id="265415" type="General" weightage="20" keywordseo="zoho" source="Orion">Zoho</keyword> is building on top of the technology it has created over the last 25 years, which has allowed it to launch products faster. s.</li><li>Other companies are acquiring technologies, which is a big issue these days, says Zoho.</li><li>Zoho entered edtech with <keyword id="12636762" type="General" weightage="20" keywordseo="trainercentral" source="Orion">TrainerCentral</keyword>, which is being pegged as a rival to “Coursera” and “Udemy”.</li><li>The company now has over 50 apps across every major business category — sales, marketing, customer support, accounting and more.</li></ul>Sridhar Vembu-led software-as-a-service (SaaS) company Zoho has launched over ten new products and services in the past eleven months. They promise to not only serve their usual enterprise clients, but also move into new verticals to serve an entirely new set of customers — from teachers to carpenters to small store owners and more. But if you dig beneath the surface, Zoho has got most of its job done already. The company is building on top of the technology and adding features to products it has created over the last 25 years of its existence, which has allowed Zoho to enter new verticals with the speed of light. “Zoho has spent the last two decades building a strong technology stack that extends from the infrastructure layer to the experience layer. All of Zoho's over 50 business applications are built on this stack, along with a common data model, Praval Singh, vice president of marketing and customer experience at Zoho Corp, told Business Insider. He noted that by working on products for almost every business need, Zoho has acquired the skill-set and know-how to work on adjacent areas too. The company started working on an audio-video (AV) framework a decade ago and the same framework is being used for several <keyword id="12343402" type="General" weightage="20" keywordseo="zoho-products" source="Orion">Zoho products</keyword> and offerings. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Product/Service </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">What does it do? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Base technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zoho Meeting </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Video calling facility </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Audio-Visual technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TrainerCentral </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Education infrastructure to enable teachers to teach online </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Audio-Visual technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zoho Lens </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Smart remote assistant app, which allows technicians to set up online stores </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Audio-Visual technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zoho BackToWork </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Workplace readiness solution </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Low-code platform Zoho Creator </td></tr></tbody><tbody></tbody><tbody></tbody></table> Zoho’s argument is that it has built its own technology stack and while most other tech startups and businesses have built their offering through acquisition, it is a “growing problem in the industry.” These already-developed audio-visual, artificial intelligence and machine learning technologies make it easier for Zoho to build new products and enter newer segments much faster. For example, adding a layer of augmented reality and analytics ⁠to these allow it to offer remote assistance. “The common framework also makes us agile. A new product that we start to work on can immediately use our existing micro-services (such as single sign-on) instead of having to reinvent the wheel,” Singh said, adding that Zoho’s leadership has been with the company for over a decade. The company now has over 50 apps across every major business category — sales, marketing, customer support, accounting and more. The company claims to have 70 million users across 500,000 companies. Singh also mentioned that Zoho’s artificial intelligence (AI) technology such as natural language processing (NPL) gets adopted across products across these different brands of Zoho. Zoho also launched <a href="https://www.businessinsider.in/business/news/zoho-adds-features-that-can-turn-a-video-call-into-remote-assistance-for-repairing-cars-appliances-and-more/articleshow/87134428.cms">Zoho Commerce in 2019</a> to enable retailers to set up their online shops and provide them with tools to construct websites, accept orders, track inventory and more. This offering will allow 100 product businesses to set up online stores in three weeks. The offering too has similar features like Zoho Lens and TrainerCentral. Zoho’s latest offering is an attempt to take on <keyword id="1017386" type="General" weightage="20" keywordseo="coursera" source="Orion">Coursera</keyword> and <keyword id="2240844" type="General" weightage="20" keywordseo="udemy" source="Orion">Udemy</keyword> Zoho entered the online learning space with the launch of its latest business vertical TrainerCentral last week. It offers digital platforms to allow individual teachers, solopreneurs and experts in a particular field to offer training online. TrainerCentral — which will be a sister to Zoho’s other brands ManageEngine, Zoho and Qntrl — offers tools like website builder, business administration console, dedicated learner portal, payments gateway, online conferencing and analytics for the trainers. Aarthi Elizabeth, chief brand evangelist of TrainerCentral at Zoho, told Business Insider that Trainer Central is seen as a rival to “Coursera and Udemy” — which enables individuals and universities to offer their courses online. Coursera and Udemy have an entire catalogue of courses being offered online. Meanwhile, Zoho’s TrainerCentral offers a link to trainers who would like to hold live online sessions or classes with their students or customers. Zoho does not have any content ownership, nor any control on the courses being offered to the customers. It simply rents its software for trainers to train online, at a subscription fee of up to ₹3,000 per month. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market cap, as on December 7 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">User base </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Udemy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.83 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Over 35 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coursera </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$3.85 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Over 77 million </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: NASDAQ, Media reports The platform has plans to soon integrate with Zoho CRM (customer relationship management) to help trainers engage with leads better and convert customers faster. “Zoho was already in the learning infrastructure space with ShowTime, which was a platform to host live virtual training sessions, webinars and web conferences, therefore already having an established community of trainers and learners, which is an advantage as they do not have to develop a user base from scratch. They are offering this same community a more advanced platform to grow their businesses and to learn better,” investment firm Blacksoil’s founder and chief executive Ankur Bansal told Business Insider. Correction: A previous version of the story has been corrected to reflect Zoho’s point of view. The launch date of Zoho Commerce has been corrected to 2019 and changes have been made to show that TrainerCentral is not just a B2B product. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/ril-tata-motors-hcl-tech-and-pnb-among-top-stocks-to-watch-out-for-on-december-7/slidelist/88135183.cms" data-type="tilCustomLink">RIL, Tata Motors, HCL Tech and PNB among top stocks to watch out for on December 7</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-now-lets-you-turn-on-disappearing-messages-for-all-chats/articleshow/88136344.cms" data-type="tilCustomLink">WhatsApp now lets you turn on disappearing messages for all chats — here’s how to enable it</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-star-health-and-allied-insurance-ipo-allotment-online/articleshow/88132939.cms" data-type="tilCustomLink">Star Health and Allied Insurance IPO — Here is how to check your allotment status, GMP at a discount</a>

Zoho is selling its video calling app in as many ways as possible

<ul><li>Leena Gandhi Tewari, the chairperson of USV, is a philanthropist who supports a variety of causes, including education, healthcare, and social development. </li><li>Manju D. Gupta and her family are known for their philanthropic endeavours, with a strong emphasis on education and healthcare. </li><li>Kiran Mazumdar-Shaw, the founder and chairperson of Biocon, is a dedicated philanthropist with a focus on environmental sustainability. </li></ul>Women have not only reached the pinnacle of success in their respective business ventures, they have also done their bit to give back to society. We take a look at India’s most <keyword id="19362296" type="General" weightage="20" keywordseo="generous-women" source="Orion">generous women</keyword> according to the Edelgive Hurun India Philanthropy List 2023. <cmsannotation type="cmsannotation" annotationid="Rohini Nilekani" comment="Subhead" text="Rohini Nilekani"><keyword id="36737" type="General" weightage="20" keywordseo="Rohini-Nilekani" source="Orion">Rohini Nilekani</keyword></cmsannotation> <cmsannotation type="cmsannotation" annotationid="Donation: ₹170 crore" comment="Subhead" text="Donation: ₹170 crore">Donation: ₹170 crore</cmsannotation> Rohini Nilekani is an Indian philanthropist who supports initiatives in education, water, sanitation, and civic engagement. She is the co-founder of EkStep and the Chairperson of Rohini Nilekani Philanthropies. She believes that education is the key to solving many of India's problems. She is the tenth most generous person in India, in a list that also has her husband Nandan Nilekeni at the eighth place. <cmsannotation type="cmsannotation" annotationid="Anju Aga and family" comment="Subhead" text="Anju Aga and family">Anju Aga and family</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Subhead" text="Donation: ₹23 crore">Donation: ₹23 crore</cmsannotation> Anu Aga, former Chairperson of Thermax, is a prominent philanthropist and Chair of the Akanksha Foundation, an NGO providing education to underprivileged children in Mumbai and Pune. Thermax is also committed to social responsibility and sustainable energy solutions, with initiatives in education, healthcare, and environmental protection. <cmsannotation type="cmsannotation" annotationid="Leena Gandhi Tiwari Donation: ₹23 crore" comment="Subhead" text="Leena Gandhi TiwariDonation: ₹23 crore"><keyword id="19362298" type="General" weightage="20" keywordseo="leena-gandhi-tiwari" source="Orion">Leena Gandhi Tiwari</keyword> Donation: ₹23 crore</cmsannotation> Leena Gandhi Tewari, the chairperson of USV, is a philanthropist who supports a variety of causes, including education, healthcare, and social development. She is the founder of the Dr Sushila Gandhi Centre for Social Development, which provides education and training to underprivileged women and girls in Vakola, Maharashtra. <cmsannotation type="cmsannotation" annotationid="Manju D Gupta and familyDonation: ₹14 crore" comment="Subhead" text="Manju D Gupta and familyDonation: ₹14 crore">Manju D Gupta and family Donation: ₹14 crore</cmsannotation> Manju D Gupta and her family are known for their philanthropic endeavours. Their contributions span various sectors, with a strong emphasis on education and healthcare. They have established educational institutions, scholarships, and medical facilities, making quality education and healthcare accessible to many. The family has also championed social causes, supporting initiatives that empower marginalised communities. <cmsannotation type="cmsannotation" annotationid="Vembu Radha Donation: ₹14 crore" comment="Subhead" text="Vembu RadhaDonation: ₹14 crore">Vembu Radha Donation: ₹14 crore</cmsannotation> Vembu Radha, a prominent figure in the technology world, is best known for her role at Zoho Corporation. As a key executive, she has played a pivotal role in the company's growth and success. Beyond her professional achievements, Radha is a dedicated philanthropist, actively involved in various charitable initiatives. <cmsannotation type="cmsannotation" annotationid="Renu Munjal and family Donation: ₹ 9crore" comment="Subhead" text="Renu Munjal and familyDonation: ₹ 9crore">Renu Munjal and family Donation: ₹ 9crore</cmsannotation> Renu Munjal, along with her family, is renowned for their association with Hero MotoCorp, a global leader in the two-wheeler industry. Beyond their corporate success, the Munjal family has a strong focus on philanthropy. They have established numerous educational institutions and healthcare facilities, actively promoting social welfare and empowerment. Their commitment to philanthropy, particularly in the fields of education and healthcare, has transformed lives, underlining their dedication to creating a more equitable and prosperous society. <cmsannotation type="cmsannotation" annotationid="Kiran Mazumdar-Shaw Donation:: ₹ 9crore" comment="Subhead" text="Kiran Mazumdar-ShawDonation:: ₹ 9crore">Kiran Mazumdar-Shaw Donation:: ₹ 9crore</cmsannotation> Kiran Mazumdar-Shaw, the founder and chairperson of Biocon Limited, is a dedicated philanthropist with a focus on environmental sustainability. She chairs the Biocon Foundation, established in 2014, which supports eco-friendly initiatives such as renewable energy, water conservation, waste management, and environmental education. Mazumdar-Shaw strongly advocates for corporate responsibility in protecting the environment.

Meet India’s most generous women

<ul><li><keyword id="10131833" type="General" weightage="20" keywordseo="ultraviolette" source="Orion">Ultraviolette</keyword> has raised ₹112.5 crore (approximately $15 million) from TVS and Zoho Corporation, as per regulatory filings.</li><li>The company will use the latest Series C fund to launch its F77 high-performance electric motorcycle.</li><li>TVS had first invested in Ultraviolette back in 2017 and has been increasing its shareholding in the company since then.</li></ul>Indian multinational automotive company TVS and software-as-a-services (SaaS) giant Zoho Corp have announced their investment in electric two wheeler company <keyword id="6792726" type="General" weightage="20" keywordseo="ultraviolette-automotive" source="Orion">Ultraviolette Automotive</keyword>. According to Ministry of Corporate Affairs filings, Ultraviolette has raised ₹112.5 crore (approximately $15 million) from TVS and Zoho Corporation. Its valuation is estimated to be $200 million as per Inc42. The company has not officially confirmed the financial details of this transaction. The company will use the latest Series C fund to launch its F77 high-performance electric motorcycle, which is currently in the final stages of testing. It expects to launch the electric vehicle (EV) in the first half of 2022. The Bengaluru-based startup had first showcased the electric motorcycle in November 2019 and it has received over 50,000 booking requests so far. ‘’What impressed me most about Ultraviolette is their approach towards building the EV experience in the country -- one that is focused on high performance, disruptive design and technology, and superior user experience, all built and developed right here in India. There is no doubt that the future of mobility is electric, and innovation has to be at the forefront of product disruption,” Zoho Corporation’s founder and chief executive (CEO) Sridhar Vembu said. Ultraviolette Automotive was founded in 2016 by Narayan Subramaniam and Niraj Rajmohan. It develops sustainable mobility and energy infrastructure. The company has raised over $20 million to date from marquee investors like Speciale Invests, GoFrugal’s Kumar Vembu. TVS had first invested in Ultraviolette back in 2017 and has been increasing its shareholding in the company since then. Sudarshan Venu, Joint Managing Director at TVS Motor Company, said, “EVs are a huge focus area for us and we have invested in this area for over a decade. TVS is committed to developing exciting and aspirational products and we have always believed that EV development has to be ground-up for us to make that quantum leap into the global EV revolution.” SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/after-giving-up-on-90-minute-delivery-five-years-ago-due-to-lack-of-profitability-grofers-is-now-chasing-10-minute-delivery/articleshow/88253221.cms" data-type="tilCustomLink">After giving up on 90-minute delivery five years ago due to lack of profitability, Grofers is now chasing 10-minute delivery</a> <a href="https://www.businessinsider.in/business/telecom/news/ussd-mobile-banking-charges-trai-vs-airtel-vodafone-idea/articleshow/88249773.cms">TRAI’s push to make mobile banking services via USSD free faces stiff opposition from Airtel, Vodafone Idea</a> <a href="https://www.businessinsider.in/stock-market/news/shares-of-tega-industries-list-at-753-while-the-shares-were-allotted-at-453-per-share/articleshow/88249181.cms">Tega Industries meets its GMP of ₹300 and lists at 66% premium</a>

TVS Motor, Zoho invest in Ultraviolette ahead of its F77 electric motorcycle launch

<ul class="summary-list"><li>When international software company <keyword id="265415" type="COMPANY" weightage="60" keywordseo="ZOHO">Zoho</keyword> bought 360 acres of land outside of Austin, Texas, the plan was to build a new headquarters for its 150 local employees. </li><li>But when a group of Zoho employees drove out to check out the land in February, they decided to do something totally different: start a farm. </li><li>Since then, Zoho's workers have hauled in crops of melons, peppers, arugula, and more. There are fruit trees growing nearby, and the company is working on fixing up an old farmhouse on the property as a workspace for employees. </li><li>With the coronavirus pandemic keeping employees out of an office, Zoho's head of PR content, Mickey Stanley, told Business Insider that he often does his work from the porch. "You never know who's going to show up," he said. </li><li>Raju Vegesna, Zoho's chief evangelist, told Business Insider the farm has replaced more traditional <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech">tech</keyword> perks: "In a typical campus, you have a snack room, but when you have fresh fruit that you can pluck directly from the tree, there's nothing better than that." </li></ul>At the outer limits of Travis County, Texas, sits a 360-acre plot of land that's home to grazing cattle, an old farmhouse, and the beginnings of a fully functioning farm. It may not look like it from the outside, but this is the US headquarters of the 9,000-employee international software company Zoho. In April 2019, Zoho purchased the land with the intention of building a massive new office for its Austin-based employees, who, up until then, had been working out of a rented space in an office park in southeast Austin. But when a group of 20 or so employees took a drive out to the land, which is about five miles east of Austin-Bergstrom International Airport, they found acres of uninhabited space, void of skyscrapers and the trappings of life at a tech company. So they decided to start a farm. This was in February 2020, just a few weeks before the coronavirus pandemic forced offices to shut down and caused tech leaders to allow employees to work from anywhere. In the months since, Zoho employees have built a small but flourishing farm that has served as both a food source for employees and a respite from the stress and upheaval of the pandemic. The <keyword id="6386447" type="UNKNOWN" weightage="60" keywordseo="farming">farming</keyword> initiative has been so successful, it's led Zoho to open rural offices in India, Mexico, Japan, and Canada, and seek out small towns in Texas that could serve as rural offices for employees wondering just what's keeping them tied to city life. <h2>'You never know who's going to show up'</h2><div type="image" title="Zoho farm" height="1440" width="2560" msid="78984613" hostid="261"></div>Zoho was founded in 1996 by CEO Sridhar Vembu. The company makes a suite of business software, like email and video conferencing apps and tools for finance, sales, and marketing. Launched in India, Zoho now has offices in nine countries, including Japan, Australia, Mexico, and the Netherlands. It has remained a private company and has never taken outside investment. While Zoho does have an office in the San Francisco Bay Area, the majority of its US employees are based in Austin, a decision that came about after one of Zoho's top executives, Raju Vegesna, packed up and left California. "I lived in the Bay Area for about 17 years and I never owned a home because it never made sense," Vegesna told Business Insider. "I felt like I was working really hard to make my landlord rich and it felt like if I were to buy a house, I would be house-poor."Vegesna decamped for Texas, and about 150 employees now work out of Zoho's Austin office. With the pandemic still surging in many parts of the US, Zoho employees are <keyword id="1600258" type="PERSON" weightage="60" keywordseo="working-remotely">working remotely</keyword>, and that will continue to be the case for the time being, Vegesna said. But Zoho has something most other tech companies don't: a safe place for employees to meet, work, and reconnect.For Mickey Stanley, Zoho's head of PR content, the farm has helped break up the monotony of <keyword id="889044" type="PERSON" weightage="60" keywordseo="working-from-home">working from home</keyword>. The farm is home to an old farmhouse that the company is in the process of fixing up and turning into an office space, but for now, Stanley sits in a chair on the porch and gets his work done. "You never know who's going to show up," Stanley told Business Insider. "You go into an office and it's the same people in your section of the office that you see and talk to. But here, somebody could walk in and sit down next to you and be doing their work and you have the ability to make a new relationship with a coworker that you wouldn't otherwise." <h2>Breaking down the silos</h2><div type="image" title="Zoho farm" height="1440" width="2560" msid="78984616" hostid="261"></div>Zoho is careful to point out that the farm is not a commercial one — it's a small, employee-led operation that's an experiment more than anything else. And its growth has been deliberately slow. Seeds that got started in small grow boxes in the windows of Zoho's rented office eventually made their way into the ground. The employees started with three rows, then created two separate beds. They had irrigation installed and then they expanded to four beds, each with 10 rows of fruits, vegetables, and flowers. Behind the beds, employees planted apple, lemon, and orange trees."There is no hierarchy of good ideas and bad ideas," Stanley said. "It's just like, if you have an idea, we have this space, let's try it out." But with minimal farming expertise among the staff, the team has inevitably hit a few speed bumps in the growing process. Stanley said his first crop of tomatoes died, and a swarm of beetles ate most of the kale. Sometimes, they get overzealous with the produce they plant. "I really like melons, so I decided to go out and get a bunch of cantaloupe transplants and other kinds of melons, and I planted them and they were thriving, but I started to notice that my little section just became overgrown with all of these vines," Stanley said. "We managed to get probably hundreds of these melons, but how many melons do people really want?"Stanley said he's slowly working his way through the bountiful watermelon crop, putting watermelon in everything from a fresh summer salad to a boozy watermelon smoothie. <div type="image" title="Zoho farm" height="1499" width="3000" msid="78984617" hostid="261"></div>Besides melons, the Zoho employees had strong crops of corn, arugula, radishes, squash, pumpkins, basil, moringa, persimmons, and "a lot" of peppers and chilies — they are in Texas, after all. There's no competition over the crops, Stanley said: Employees will go to the farm to pick their own produce — bringing along friends and family is encouraged — and whatever they don't want, they leave on a bench at the end of the beds for someone else. The company has since started a new Slack channel where employees can share what they made with their produce. Eventually, once the farm gets bigger, they hope to set up their own farm stand or co-op as a way to meet their neighbors in the area. For Zoho, the farm has completely replaced other tech company perks, Vegesna said. "In a typical campus, you would have, maybe, a gym. But when you have a farm and you have real work to do, you really don't need a gym," he said. "In a typical campus, you have a snack room, but when you have fresh fruit that you can pluck directly from the tree, there's nothing better than that." For Stanley, the farm is mostly a learning process, but he said it has also become a symbol of a better way to work."The metaphor of the farm is to break down the silos, right?" Stanley said. "So we couldn't just compartmentalize all the different produce. What we want is this kind of loose learning process where everything isn't overly manicured and everything is kind of growing into each other. And we see what works."

Employees at global software firm Zoho have turned the company's Austin headquarters into a fully functioning farm. It's become a respite during the pandemic, and could serve as a model for a new way of working.

No single factor can make a man successful and rich. Opportunities, acumen and luck will have to play together to decide the professional as well as financial success of an individual. Becoming a successful businessman and a rich fellow in young years is no simple achievement. Here is a list of <keyword id="7699394" type="UNKNOWN" weightage="20" keywordseo="Top-10-young-businessmen">top 10 young businessmen</keyword> in India. 1. Vijay Shekar Sharma 
 
 
 <div type="image" title="Vijay Shekhar Sharma, founder of Paytm&amp;#39;s parent One97 Communications, speaks during the launch of a Citibank and Paytm credit card in Mumbai" msid="69572442" hostid="261" caption="&amp;lt;p&amp;gt;Vijay Shekhar Sharma, founder of Paytm&amp;#39;s parent One97 Communications, speaks during the launch of a Citibank and Paytm credit card in Mumbai, India, May 14, 2019. REUTERS/Francis Mascarenhas&amp;lt;/p&amp;gt;"></div>







 Aged 40 years, Vijay Shekar Sharma is the youngest awe inspiring businessman in India. With a net worth of $2.15 billion, he is the founder of Paytm, the mobile wallet concept. Following demonetization, Paytm notched about 300 million users and 12 million transactions in a day. 2. Shamsheer Vayalil 
 
 
 <div type="image" title="4-Dr-Shamsheer-Vayalil" msid="69572469" hostid="261" caption="&amp;lt;p&amp;gt;Arabian Business&amp;lt;/p&amp;gt;"></div>







 At an age of just 42, Shamsheer Vayalil has a net worth of $1.54 billion. Born in a business family in Kerala, he started just one hospital in Abu Dhabi with the support of his wealthy father-in-law. Today he owns a network of hospitals under the brand name VPS Healthcare besides the Rockland Hospital Chain in Delhi. 3. Sameer Gehlaut 
 
 
 <div type="image" title="Capture" msid="69572533" hostid="261"></div>







 With a net worth of $4.2 billion, the 45 year old Sameer Gehlaut created the Indiabulls Housing Finance which is the second biggest mortgage lender in the nation. Starting the online brokerage firm Indiabulls in 1999, Gehlaut eventually swept the real estate industry of Mumbai thereby raising his fortune to great heights. 4. Acharya Balkrishna 
 
 
 <div type="image" title="46F4B665-457D-40F2-B809-459847036970" msid="69572534" hostid="261"></div>







 Aged 46 years, with a net worth of $4.8 billion, Acharya Balkrishna gets his fortune from the consumer goods giant Patanjali Ayurved. Owning 98.6% stake in this company, he has steered the growth of this firm to make an annual revenue of $1.6 billion. 5. Ranjan Pai 
 
 
 <div type="image" title="7717F5B4-60EB-44A3-9327-CD1BB85276B3" msid="69572535" hostid="261"></div>







 At an age of 46, Ranjan Pai has created a net worth of $1.6 billion. He controls the Manipal Group which owns six college and 16 hospitals doing a phenomenal job in the education and healthcare sectors. The group’s Manipal University has moe than 100,000 students and the overseas campuses are located in Malaysia, Antigua, Dubai and Nepal. 6. Vikas Oberoi 
 
 
 <div type="image" title="Capture" msid="69572604" hostid="261"></div>







 The sixth youngest businessman in the list, Vikas Oberoi has a net worth of $1.8 billion at his 48th year. He controls the Oberoi Realty based in Mumbai. The firm is popular for its high end condos built in the suburban areas. He is at present creating a mall, hotel and full serviced apartments in Mumbai. 7. Kumar Birla 
 
 
 <div type="image" title="Mumbai: Aditya Birla Group Chairman, Kumar Mangalam Birla, announces the signing..." msid="69572569" hostid="261" caption="&amp;lt;p&amp;gt;Aditya Birla Group Chairman, Kumar Mangalam Birla, announces the signing of a definitive agreement to purchase Aleris Corporation, in Mumbai on Thursday, July 26, 2018.Photo)&amp;lt;/p&amp;gt;"></div> At an age of 51 years, Kumar Birla has made a net worth of $12.5 billion. The head of <keyword id="44373" type="COMPANY" weightage="20" keywordseo="Aditya-Birla-Group">Aditya Birla Group</keyword> reported with $44.3 billion, the group is a top player in the cement, aluminum and telecom domains. Kumar Birla inherited his fortune from his father Aditya Birla upon his death in 1995. 8. Sridhar Vembu 
 
 
 <div type="image" title="1_oLT5ALK5TcTh1JezHRk44Q." msid="69572643" hostid="261"></div>







 The 51 years old Sridhar Vembu has a net worth of $1.56 billion. He is the owner of the private firm Zoho the manufacturer of cloud based software for businesses. With its 35 million users across the world, the company champions about 40 flagship apps. 9. Kalanithi Maran The 53 years aged Kalanithi Maran has a net worth of $3.75 billion. Son of a famed politician in Tamil Nadu, Kalanithi Maran is the mastermind behind the Sun TV Network started in 1993. Today this is a favorite channel for over 95 million households. The TV is also reaching 27 countries worldwide. 10. Jitendra Virwani Jitendra Virwani is the tenth youngest businessman in India aged 53 years and reporting a net worth of $ 2.35 billion. Based in Bengaluru, his Embassy Property Development Park is the biggest office parks developer in Bengaluru. The company has some prestigious multinational tenants like Google, IBM and Warburg Pincus.

Meet Top 10 Young Businessmen In India

<ul><li>The Indian government has warned cab aggregators over rising consumer complaints.</li><li>The government is expected to issue guidelines to remove unfair trade practices.</li><li>The government has also asked aggregators to reveal their algorithm and policies for determining price and cancellation charges.</li></ul>The government has come down heavily on cab aggregators like <keyword id="1042120" type="General" weightage="20" keywordseo="uber" source="Orion">Uber</keyword> and <keyword id="6354720" type="General" weightage="20" keywordseo="ola" source="Orion">Ola</keyword> amid increasing consumer complaints over “unfair trade practices” such as surge pricing, ride cancellation, drivers refusing to turn on the air conditioner and more. According to a <a href="https://zeenews.india.com/auto/indian-govt-directs-ola-uber-to-improve-cab-quality-services-stop-unfair-trade-practice-2462130.html">report</a>, the consumer affairs ministry held a meeting with companies such as Uber, Ola, Rapido, Meru Cabs and Jugnoo and warned the companies of strict action. The main issues under discussion included the surge pricing, frequent cancellation of rides by drivers over trivial issues such as the destination and payment mode, refusal to turn on air conditioners in cabs, different pricing for different users and more. Cab aggregators have announced <a href="https://www.businessinsider.in/business/auto/news/uber-announces-a-price-hike-of-12-for-cab-rides-in-delhi/articleshow/90793725.cms">price hikes</a> in several cities across the country. One of the reasons announced for the price hike was the <a href="https://www.businessinsider.in/india/news/petrol-and-diesel-prices-hiked-for-the-13th-time-in-15-days/articleshow/90655551.cms">increasing</a> cost of petrol and diesel in the country. Some cab drivers have also been <a href="https://telanganatoday.com/cab-drivers-in-hyderabad-to-charge-extra-for-ac-amid-rising-fuel-prices">refusing</a> to turn on the air conditioner, asking riders to pay an additional amount. <cmsannotation type="cmsannotation" annotationid="Govt warns about strict action" comment="subhead" text="Govt warns about strict action">Govt warns about strict action</cmsannotation> “We told them (cab aggregators) about the rising consumer complaints against their platforms. We gave them the statistics also. We have asked them to improve their system and redress the consumer complaints otherwise the competent authority will take strict action,” Rohit Kumar Singh, consumer affairs secretary said after the meeting. "The authority is likely to issue an advisory to ensure that unfair trade practices by cab aggregators are not carried on in violation of consumers' rights," said Nidhi Khare, chief commissioner, Central Consumer Protection Authority (CCPA). "The number of complaints is very high and therefore we have called the cab aggregators for an explanation of their policies," Khare said. “We are engaged with the Department of Consumer Affairs and deeply appreciate the feedback provided by them and will continue to provide our inputs. We strive to be the platform of choice for riders and drivers alike and continue to invest in technology and customer support to deliver an excellent experience for them," Nitish Bhushan, Head of Central Operations, Uber India and South Asia said in a statement to Business Insider India "We are committed to continually raising the bar – for ourselves, our industry, and most importantly for the people who use our services," Bhushan added. <cmsannotation type="cmsannotation" annotationid="Inflated price for old customers" comment="subhead" text="Inflated price for old customers">Inflated price for old customers</cmsannotation> Another issue that has come under the government’s scanner is surge pricing and differential pricing for old and new customers. "It appears that cab aggregators are using algorithms to lure new customers, putting old customers at a disadvantage. This is an unfair practice," Khare added. As per the regulator, cab aggregators are charging a premium to their existing customers and offering discounts to lure new customers. Differential pricing for the same location has been termed as an “unfair practice” by the regulator. Khare has added that aggregators will be called upon to reveal their algorithms and policies that are used to determine prices, cancellation charges and surge prices. The aggregators have also been asked to reveal the steps taken by them to safeguard customer’s personal data on their platforms. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/ubers-ceo-said-hiring-will-be-treated-as-a-privilege-and-inefficient-incentives-will-be-cut/articleshow/91439331.cms">Uber's CEO said hiring will be treated as a 'privilege' and inefficient incentives will be cut</a> <a href="https://www.businessinsider.in/tech/news/how-a-group-of-youtubers-pranked-a-scam-call-centre-in-india-that-earns-18-million-per-year/articleshow/91463331.cms">Here's how a group of YouTubers pranked a scam call centre in India that makes $18 million per year</a> <a href="https://www.businessinsider.in/business/startups/news/top-profitable-startups-in-india-in-2021-22-zerodha-zoho-dream-11-and-firstcry-in-the-list/slidelist/91484233.cms">Top 10 profitable startups in India – from Zerodha to Zoho and Firstcry, here’s the list</a>

Indian government accuses Ola, Uber and other aggregators of inflating cab prices for older customers

Parbhani (<keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword>), Bird flu has entered Maharashtra after <keyword id="1892072" type="PERSON" weightage="20" keywordseo="test-reports">test reports</keyword> confirmed the deaths of over 800 chickens due to the infection in the Murrumba village in Parbhani district last week, officials said here on Monday. District Disaster Management Officer Pawan Khandge said the blood samples of the chicken found dead on Friday, were sent to the government's veterinary college here and later the reports proved the infection. "The concerned district authorities are visiting the affected village for a survey and later Collector Deepak M. Mugalikar shall take the decision to declare a containment zone and other suitable precautions to prevent further spread of the bird-flu," Khandge told. The state health authorities held a high-level meeting of officials from different departments to assess the situation arising out of the new threat to both animals and humans. However, <keyword id="50430" type="PERSON" weightage="20" keywordseo="animal-husbandry">Animal Husbandry</keyword> Minister <keyword id="295669" type="PERSON" weightage="20" keywordseo="Sunil-Kedar">Sunil Kedar</keyword> said contrary to rumours there is no ban on sale of poultry products like eggs or chicken as of now and the <keyword id="51011" type="ORGANIZATION" weightage="20" keywordseo="state-government">state government</keyword> is in a state of high alert. SEE ALSO: <a href="https://www.businessinsider.in/budget/news/india-may-be-considering-a-covid-cess-on-high-income-earners-aside-from-more-levy-on-fuel/articleshow/80208520.cms">India may be considering a COVID cess on high income earners — aside from more levy on fuel</a> <a href="https://www.businessinsider.in/tech/apps/news/with-whatsapp-popularity-hit-zoho-plans-to-launch-arattai-messaging-app/articleshow/80206802.cms">Zoho plans to woo WhatsApp defectors with its own messaging app Arattai</a> <a href="https://www.businessinsider.in/business/startups/news/2021-will-be-a-watershed-moment-for-india-tech-ecosystem-here-are-the-startup-sectors-that-vcs-are-betting-on/articleshow/80208631.cms">‘2021 will be a watershed moment for India’s tech ecosystem’ — here are the startup sectors that VCs are betting on</a> <a href="https://www.businessinsider.in/tech/gadgets/news/oneplus-band-with-24-hour-heart-rate-monitoring-14-days-battery-life-launched-in-india/articleshow/80209025.cms">OnePlus Band with 24-hour heart rate monitoring, 14 days battery life launched in India</a>

Maharashtra on high alert as bird flu enters the state but has not imposed any ban on sale of eggs, chicken yet

New Delhi, Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> on Monday said the two already approved made-in-India COVID-19 <keyword id="79555" type="TECHNOLOGY" weightage="20" keywordseo="Vaccines">vaccines</keyword> are more cost-effective than any other in the world and have been developed as per the country's needs. Interacting with chief ministers of all states to discuss the COVID-19 situation and the vaccination roll-out in the country, Modi also said that apart from the two already approved vaccines, four others are in the pipeline. "Our experts have taken all precautions to provide the countrymen with effective vaccines," he said. The two approved COVID-19 vaccines in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> more cost-effective than other vaccines in the world and have been developed as per our needs and situation, he said. India is entering a decisive phase of vaccination in the fight against COVID-19, he asserted, pointing that the world's largest vaccination programme will start from January 16. Public representatives are not part of the three-crore corona warriors and frontline workers to be vaccinated first, Modi said. In the first phase, the cost of vaccination for these 3 crore people would be borne by the central government, he added. India's drugs regulator has approved Oxford vaccine <keyword id="9617748" type="COMPANY" weightage="20" keywordseo="covishield">Covishield</keyword>, being manufactured by the <keyword id="242973" type="COMPANY" weightage="20" keywordseo="Serum-Institute">Serum Institute</keyword>, and indigenously developed <keyword id="9485939" type="PERSON" weightage="20" keywordseo="covaxin">Covaxin</keyword> of <keyword id="149108" type="PERSON" weightage="20" keywordseo="Bharat-Biotech">Bharat Biotech</keyword> for restricted emergency use in the country. On Saturday last week, Modi had reviewed the status of COVID-19 and vaccine preparedness across states and union territories at a high-level meeting where. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/employment-opportunities-in-the-telecom-sector-are-expected-to-grow-by-20-in-2021/articleshow/80183579.cms">Fiber layers and field engineers to researchers ⁠— telecom jobs may see a 20% spike in 2021 as India leaps into the 5G era</a> <a href="https://www.businessinsider.in/budget/news/india-may-be-considering-a-covid-cess-on-high-income-earners-aside-from-more-levy-on-fuel/articleshow/80208520.cms">India may be considering a COVID cess on high income earners — aside from more levy on fuel</a> <a href="https://www.businessinsider.in/tech/apps/news/with-whatsapp-popularity-hit-zoho-plans-to-launch-arattai-messaging-app/articleshow/80206802.cms">Zoho plans to woo WhatsApp defectors with its own messaging app Arattai</a>

Two made-in-India COVID vaccines most cost-effective in the world: PM Modi

<ul><li>The new <keyword id="7567986" type="General" weightage="20" keywordseo="auto-debit" source="Orion">auto-debit</keyword> guidelines for recurring <keyword id="6359540" type="General" weightage="20" keywordseo="payments" source="Orion">payments</keyword> kicked in from today, October 1.</li><li>“The current <keyword id="30067" type="General" weightage="20" keywordseo="rbi" source="Orion">RBI</keyword> guidelines place more friction in recurring payment,” said Upekkha’s Thiyagarajan Maruthavanan.</li><li>Industry experts believe that this move will push more SaaS companies to move overseas and chase international clients.</li></ul>The new auto-debit guidelines for<a href="https://businessinsider.in/business/ecommerce/news/what-is-e-mandate-or-upi-autopay-and-how-to-enable-it-for-jio-hotstar-and-others/articleshow/86650600.cms?_ga=2.76036176.459036666.1632714936-227132192.1626769520"> recurring payments</a> kicked in from today, October 1, but the Indian software-as-a-service (SaaS) industry expects this new regulation to have a much deeper impact on their businesses. Before getting into this, it is important to understand what the guidelines really say. The Reserve Bank of India (RBI) has decided to do away with automatic recurring payments by adding a layer of authentication for transactions. A user will have to manually mandate such transactions every month, dropping the idea of recurring payments altogether. Now where does the <keyword id="11064864" type="General" weightage="20" keywordseo="SaaS-industry" source="Orion">SaaS industry</keyword> come into play? The <keyword id="4360787" type="General" weightage="20" keywordseo="Indian-saas-companies" source="Orion">Indian SaaS companies</keyword> — which are poised to meet a fifth of world’s software demand and pocket a revenue of <a href="https://www.businessinsider.in/tech/enterprise/news/amazon-twitter-hyundai-and-dominos-are-buying-indian-software-fuelling-a-75-billion-dream-chased-by-top-vcs-like-sequoia-and-tiger-global/articleshow/85646116.cms">$75 million in the next four years</a> — are worried that this would lead to default or delayed payments, impacting their revenue. Suresh Sambandam, founder of work management software company Kissflow, in a conversation with Business Insider, explained that any small ticket-size SaaS companies in India — whose payments range between $5 to $500 a month — go through a credit card-enabled payments system that is recurring in nature. The latest step, which adds an additional layer of authentication, is going to introduce default in payments, a lot of paperwork and a lot of human involvement to follow up with customers on past payments. “Earlier it was a smooth transaction and now it's overcomplicated,” he added. Thiyagarajan Maruthavana, partner at Upekkha Value SaaS Accelerator, told Business Insider said, “In the last 15 years, while the global SaaS market grew manifold to $200 billion in revenue, the domestic SaaS market failed to take off due to lack of easy collection of recurring payments. Many global SaaS startups and corporations have dialled back their India market plans in the last 5 years due to this issue.” “The current RBI guidelines place more friction in recurring payment,” he further added. Both Sambandam and Thiyagarajan reiterated that this move will push more SaaS companies to go after international clients as well as headquarters. “However it does not impact the SaaS industry from India as these Indian SaaS companies had already moved away from serving the domestic market to the global market. The guidelines impact only a handful of SaaS businesses that focus on Indian customers. These companies will now be forced to move their geography focus elsewhere,” Thiyagarajan said. Ankur Bansal, co-founder of BlackSoil Capital, in a previous conversation with Business Insider, had highlighted that SaaS business margins are really high and they are even higher from customers based out of the US or Europe. This is why most SaaS companies — such as Zoho, Freshworks, Postman, MindTickle and others — usually go after clients in international markets. This, in turn, also increases their valuation in the eyes of the investors significantly. These companies, along with many others, do have a portion of their customers coming in from India as well, which is going to get impacted now. The latest move will leave Indian SaaS companies with little reason to actually operate in India. What do other experts have to say? <div type="image" title="India’s new guidelines on recurring payments sends SaaS industry in a turmoil" msid="86679002" hostid="261" caption="&amp;lt;p&amp;gt;Anand Jain, cofounder and chief strategy officer at CleverTap&amp;lt;/p&amp;gt;"></div> “Recurring services don’t need the friction of executing the payment on a recurring basis — that friction makes business, especially SaaS business, tougher… The requirement for banks to provide at least 24 hour notice before a recurring payment is executed also ensures that unnecessary payments or buyers’ guilt are reduced. The only challenge I see is that this will need better help and training by financial institutions for their end users in setup. But India is getting much more savvy with these things.” — Monish Darda, cofounder and chief technology officer at Icertis, said. “These are a matter of habit, for instance, when RBI made 2FA [two-factor authentication] mandatory, we all thought that it would dent online transaction volumes. While there was some inconvenience felt initially, digital transactions (one-time password et al) have grown manifold in recent times and are set to continue to grow. In fact, the safety net provided by these checks and balances will only bring new users to the fold. Having said that, this will [be an] inconvenience [to] merchants and customers both for pre-existing debit mandates, since the card issuers will have to revalidate the mandates now.” — Shishir Mankad, managing partner and head of financial services at management consulting firm, Praxis Global Alliance said. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/ritesh-agarwal-led-oyo-files-preliminary-papers-for-its-1-2-billion-ipo/articleshow/86674003.cms">Ritesh Agarwal-led OYO files preliminary papers for its $1.2 billion IPO</a> <a href="https://www.businessinsider.in/stock-market/markets/news/zee-entertainment-falls-nearly-3-in-trade-as-board-refuses-to-hold-egm/articleshow/86678219.cms#:~:text=to%20hold%20EGM-,Zee%20Entertainment%20falls%20nearly%203%25%20in%20trade,board%20refuses%20to%20hold%20EGM&amp;text=Zee%20Entertainment%20has%20declined%20to,board%20to%20consider%20the%20demand.&amp;text=Post%20the%20development%2C%20Zee%20Entertainment's,3%3A30%20p.m.%20on%20Friday.">Zee Entertainment falls nearly 3% in trade as board refuses to hold EGM</a> <a href="https://www.businessinsider.in/business/corporates/news/air-india-gets-a-saviour-in-tata-sons/articleshow/86675842.cms#:~:text=The%20government%20has%20reportedly%20accepted,was%20also%20among%20the%20bidders.">Tata Sons reportedly wins bid to takeover the ‘Maharaja’</a>

New guidelines on recurring payments may send SaaS companies out of India, say experts

<keyword id="6358070" type="LOCATION" weightage="20" keywordseo="mumbai">Mumbai</keyword>, Avian influenza has been confirmed as the cause of death of different birds in <keyword id="270139" type="CITY" weightage="20" keywordseo="Parbhani">Parbhani</keyword>, Mumbai, <keyword id="37647" type="CITY" weightage="20" keywordseo="Thane">Thane</keyword>, <keyword id="101668" type="COMPANY" weightage="20" keywordseo="Beed">Beed</keyword> and <keyword id="375688" type="CITY" weightage="20" keywordseo="Dapoli">Dapoli</keyword> in <keyword id="13126" type="LOCATION" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword>, as per test reports of a Bhopal-based lab, a senior state government official said on Monday. However, it is "absolutely safe" to consume eggs or chicken as the virus cannot withstand cooking temperatures, and people need not worry as infection to humans due to <keyword id="95867" type="PERSON" weightage="20" keywordseo="Bird-flu">bird flu</keyword> is "rarest of rare", state animal husbandry department secretary Anoop Kumar told . The official also said they would be increasing bio-safety measures in poultry farms so that there is no interface with wild birds. In the morning, Parbhani Collector Deepak Muglikar told that bird flu has been confirmed as the cause of death of around 900 hens at a poultry farm in Murumba village and the district administration has decided to cull nearly 8,000 birds in the village. Kumar said the animal husbandry department has already started implementing its action plan and the culling of birds will begin from Tuesday. He said 8,000 to 10,000 birds within one-km radius of the infected zone in Parbhani may be culled. According to the Bhopal-based ICAR-National Institute of High Security Animal Diseases (NIHSAD), two crows from Mumbai died due to bird flu. Three pond egrets and a parrot from Thane were infected by the H5N1 avian influenza virus, the institute's test report said. Besides, a chicken and two herons from Parbhani too died of H5N1 avian influenza virus, while crows from Beed and Dapoli (in Ratnagiri district) were infected by H5N8 avian influenza virus, as per the report. "Our action plan implementation work has begun. We will be holding a review meeting with the chief minister (Uddhav Thackeray) in the evening," Kumar said. "We will get our strategies approved by the CM and start culling from tomorrow, especially in Parbhani where poultry birds have been found to be infected," he said. The government machinery, including district collectors and forest department, is on alert, he said. Kumar also said that people need not worry as infection to humans due to bird flu is "rarest of rare". The state government is also running a campaign to make people aware that it is safe to consume eggs and poultry products, because there is "absolutely no possibility" of infection due to eating them. "And our cooking temperature takes care of any kind of virus, not only flu virus...it is absolutely safe to eat eggs and chicken," he said. Talking to reporters in Jalna, state Health Minister Rajesh Tope said his department is on alert in view of the bird flu cases found in the state. However, there is nothing to fear, he said and asked people to take care and be safe. Earlier, Parbhani Collector Muglikar said they have created a prohibitory zone in 10 km radius of the area where the birds died. "No birds will be transported from there to any other place. Our medical team is stationed there and it is examining all people of the village," he said. There is no need to be panic and the district administration is taking all precautions, he added. Meanwhile, the <keyword id="6360923" type="COMPANY" weightage="20" keywordseo="Thane-municipal-corporation">Thane Municipal Corporation</keyword> has set up a control room to monitor the situation and appealed to people to promptly report any cases of bird deaths in the city. It will also work to pro-actively remove fear from the minds of citizens and give them appropriate information from time-to-time, a release from thhe civic body said. Bird flu cases have so far been confirmed in Maharashtra, Kerala, Rajasthan, Madhya Pradesh, Himachal Pradesh, Haryana, Gujarat, Uttar Pradesh and Delhi. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/employment-opportunities-in-the-telecom-sector-are-expected-to-grow-by-20-in-2021/articleshow/80183579.cms">Fiber layers and field engineers to researchers ⁠— telecom jobs may see a 20% spike in 2021 as India leaps into the 5G era</a> <a href="https://www.businessinsider.in/budget/news/india-may-be-considering-a-covid-cess-on-high-income-earners-aside-from-more-levy-on-fuel/articleshow/80208520.cms">India may be considering a COVID cess on high income earners — aside from more levy on fuel</a> <a href="https://www.businessinsider.in/tech/apps/news/with-whatsapp-popularity-hit-zoho-plans-to-launch-arattai-messaging-app/articleshow/80206802.cms">Zoho plans to woo WhatsApp defectors with its own messaging app Arattai</a>

Maharashtra confirms bird flu cases in Parbhani, Mumbai, Thane, Beed and Dapoli

New Delhi, <keyword id="6360090" type="DOMAIN" weightage="20" keywordseo="reliance-capital">Reliance Capital</keyword> (RCAP) debenture holders at their meeting held on January 5, passed the resolution with overwhelming majority for <keyword id="1187112" type="PERSON" weightage="20" keywordseo="monetisation">monetisation</keyword> of its <keyword id="41933" type="ORGANIZATION" weightage="20" keywordseo="assets">assets</keyword>. This comes on the back of shareholders having already approved RCAP monetisation. Reliance Capital had commenced its asset monetisation process - to unlock value of its underlying businesses which targets to make RCAP debt free. JM Financial Services Limited and SBI Capital Markets Limited ran an independent and transparent asset monetizsation process. Expression of interest for nine key assets was launched on October 31, 2020. EOI process received massive response for the nine key assets as multiple players have placed interest for each asset with some of them also expressing interest in all the assets. EOI applicants would now perform due diligence on each asset and submit binding bids for the nine key assets. Asset monetisation process is being run under the aegis of Committee of Debenture Holders and the Debenture Trustee Vistra ITCL India Ltd, which represents 93% of total outstanding debt of Reliance Capital. EOIs invited for all or part of RCL's stake in the following key subsidiaries and assets individually or in any combination thereof: 1. 100 per cent stake in <keyword id="157626" type="COMPANY" weightage="20" keywordseo="Reliance-General-Insurance">Reliance General Insurance</keyword> Company Limited (RGI). Paid up capital of Reliance General Insurance is ₹252 crore as of September 30, 2020. It is the fifth largest Private General Insurance Company with a market share of 4.5% as of March 20 in the Private General Insurance category. Consistent growth in AUM Year-on-Year with investment book of ₹12,315 crore as on September 30, 2020. Performed its best even during Covid times with Gross Direct Premium Income of ₹4,501 crore during the first six months of FY20-21. Strong distribution network of 134 branches with amongst one of the largest agency force of 46,742 as of September 30, 2020 across the country. 2. 51% stake in Reliance Nippon Life Insurance Company Limited (RNLI). Paid up capital of Reliance Nippon LifeInsurance is ₹1,196 crore as of September 30, 2020. RNLI is a joint <keyword id="6388493" type="COMPANY" weightage="20" keywordseo="venture">Venture</keyword> with Japan's largest life insurer - Nippon Life which holds 49% shareholding. It is the 10th largest Private Sector Insurer (in terms of Individual WRP) and amongst largest Non-Banca company with a network of 717 offices. Witnessed sharp turnaround in performance during FY19-20 with a profit after tax of Rs 35 crore and 75 per cent growth (12% CAGR) in Embedded Value over last four years. Impressive claim settlement ratio of 98.1% in FY19-20 and a higher Solvency ratio of 207% (as against regulatory requirement of 150%). As on September 30, 2020, the AUM was ₹21,912 crore. and an Individual Premium Market Share of 2.20% amongst private insurers. 3. 100% stake in Reliance Securities Limited - Broking and distribution company offering services across asset classes including equities, commodities, derivatives, currency, mutual funds, bonds and corporate FDs. 4. 100% stake in Reliance Financial Limited - RBI registered NBFC, engaged in the business of financing, money lending, capital market linked financing activities. 5. 49% stake in Reliance Asset Reconstruction Limited:  Manages portfolio of ₹1,996 crore as on September 30, 2020. Over 3.3 lakh customers across retail and SME segment, with dominant retail presence in South and West region. 6. 20 per cent stake in Indian Commodity Exchange. Other key shareholders in ICEX are Central Warehousing Corporation, MMTC Limited, <keyword id="6363556" type="DOMAIN" weightage="20" keywordseo="indiabulls">Indiabulls</keyword> Housing Finance Limited, Indian Potash Limited and Bajaj Holdings and Investments. ICEX is a SEBI regulated commodity derivatives exchange. 7. 100 per cent stake in Reliance Health Insurance Limited. 8. Other PE investments like Naffa Innovations Private Limited, Paytm E-Commerce Private Limited. RCL's key businesses and subsidiaries are performing well and business will continue as usual. The management, professional team, customer and partners will be unaffected by the proposed asset monetisation programme of RCAP. Resolution of Lending businesses of RCAP - <keyword id="857313" type="COMPANY" weightage="20" keywordseo="Reliance-Home-Finance">Reliance Home Finance</keyword> and <keyword id="3646337" type="COMPANY" weightage="20" keywordseo="Reliance-Commercial-Finance">Reliance Commercial Finance</keyword>. Reliance Home Finance (RHF) and Reliance Commercial Finance (RCF) are undergoing resolution under RBI circular dated June 7, 2019. Bank of Baroda is the lead banker under the ICA resolution process of both the lending entities. The transactions for both RCF and RHF are expected to be closed by March 31, 2021. SEE ALSO: <a href="https://www.businessinsider.in/budget/news/india-may-be-considering-a-covid-cess-on-high-income-earners-aside-from-more-levy-on-fuel/articleshow/80208520.cms">India may be considering a COVID cess on high income earners — aside from more levy on fuel</a> <a href="https://www.businessinsider.in/tech/apps/news/with-whatsapp-popularity-hit-zoho-plans-to-launch-arattai-messaging-app/articleshow/80206802.cms">Zoho plans to woo WhatsApp defectors with its own messaging app Arattai</a> <a href="https://www.businessinsider.in/business/startups/news/2021-will-be-a-watershed-moment-for-india-tech-ecosystem-here-are-the-startup-sectors-that-vcs-are-betting-on/articleshow/80208631.cms">‘2021 will be a watershed moment for India’s tech ecosystem’ — here are the startup sectors that VCs are betting on</a> <a href="https://www.businessinsider.in/tech/gadgets/news/oneplus-band-with-24-hour-heart-rate-monitoring-14-days-battery-life-launched-in-india/articleshow/80209025.cms">OnePlus Band with 24-hour heart rate monitoring, 14 days battery life launched in India</a>

Reliance Capital debenture holders pave the way for asset monetisation

<a href="http://www.businessinsider.in/searchresult.cms?query=startup">Entrepreneurs</a> face a plethora of challenges while starting their own ventures. Overcoming obstacles and timely guidance makes them as tough as Teflon. 
 
Girish Mathrubootham, cofounder of Freshdesk-a <a href="http://www.businessinsider.in/CHART-OF-THE-DAY-Apple-Dominates-In-Consumer-Cloud-Services/articleshow/21234002.cms">cloud</a>-based helpdesk software company- shared with Economic Times his journey and what he learnt at his previous company-Zoho. 
 <keyword id="852565" type="UNKNOWN" weightage="100" keywordseo="Freshdesk">Freshdesk</keyword>, which supports customers and competes with firms like <a href="http://www.businessinsider.in/searchresult.cms?query=zendesk">Zendesk</a>, was founded in October 2010 by former Zoho executives Mathrubootham and Shanmugam Krishnaswamy. 
 
When asked why he was against <a href="http://www.businessinsider.in/The-19-Best-Enterprise-Tech-Venture-Capitalists/articleshow/21033324.cms">venture funding</a>, Mathrubootham said, “There are pros and cons to both approaches. The difference in the ideology is-Do you want to be rich or do you want to be the King? In a bootstrapped venture, you have the freedom to do what you want and not chase growth. A VC-funded company is like a rocket ship, designed to grow fast and try and create substantial wealth for investors, founders and employees in a reasonably short period of time.” 
 
He said that bootstrapping was not a viable option for them in the early days. 
 
“When we were approached by VCs, I was curious to learn this new way of building a business. And I am glad I took the decision to get VC funded because I was able to meet some really smart people in the world and learn from them,” said Mathrubootham. 
 
Talking about wealth creation, Mathrubootham says for him, <a href="http://www.businessinsider.in/Are-these-silly-excuses-stopping-you-from-getting-rich/articleshow/47343945.cms">wealth creation</a> extends to employees as well and dreams that his employees will own BMWs one day. 
 
“Wealth creation to me means creating wealth not only for founders and shareholders, but also for all the employees who are passionately building the company along with us. When I started the company I told my wife that I am not starting a company for me to buy a BMW, I am starting a company so that all my employees can buy BMWs,” he said, who credits his family for shaping him as an entrepreneur, who allowed him to give freedom to do his own thing. 
 
When it comes to individuality, every <a href="http://www.businessinsider.in/searchresult.cms?query=entrepreneur">entrepreneur</a> wants his firm to stand out from the crowd. So what will Mathrubootham do so that his company doesn’t become like <keyword id="1132603" type="COMPANY" weightage="100" keywordseo="Zendesk">Zendesk</keyword> of tomorrow? 
 
“Our mobile app (software development kit) for customer support and social support features are the best in class in our industry. We are working on several interesting areas that we believe will shape the future of customer support in the coming years,” he said. 
 
Keep aside all professional engagements, at the end of the day one needs a friend with whom you can discuss everything. Mathrubootham says it is difficult to share things freely at one point of time. 
 “It is very, very lonely. There are many things that you can't share freely with people who you consider as good friends in the team. There are a lot of stressful situations when you have to absorb everything and ensure that your people are protected from unnecessary external pressures. I think I have formed a great relationship with our early investor and first board member, Shekhar Kirani from <keyword id="144381" type="COMPANY" weightage="100" keywordseo="Accel-Partners">Accel Partners</keyword>. There have been so many occasions where I have asked him to advise me as a friend or what he would have done if he were in my shoes,” he said. 
 
(Image: Inspiringwallpapers)

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