PHDCCI said for start-ups, ESOPs are the key to attract and incentivise talent. These should not be taxed as recipients do not have ready cash in their hands at that point and the taxation should be on the final sale of shares, the industry body said.
On a quarterly basis, Paytm's net losses have reduced by 11 per cent. The company said robust traction across all its businesses helped it achieve stronger revenue growth, with improvement in Ebitda before Esop cost (improvement of Rs201 crore in last two quarters).
Ayodhya (Uttar Pradesh) [India], October 19 (ANI/BusinessWire India): Yash Pakka Limited (pioneers in sustainable packaging industry) has been awarded Great Place to Work Certification for the second time in a row from September 2022 to September 2023. The company has now proven its mettle as a favored employer with a comprehensively and thoughtfully designed employee-centric culture.
Chennai (Tamil Nadu) [India], September 29 (ANI/NewsVoir): Refex Industries Limited (Refex), a company listed on NSE & BSE and working as a part of Refex Group, recently announced to give employee stock option plan (ESOP) which would be vested within the next 5 years.
Mumbai (Maharashtra) [India] June 23 (ANI/BusinessWire India): TAC Security chief Trishneet Arora announces job offers to Agniveers, making it the first cyber security company across the country to do so. Under the Agneepath Scheme, candidates who enrol in it or Agniveers will be given 4 years of training in the armed forces of their choice. The scheme was launched by the central government in order to get the youth of the country to participate in the defence services and forces.
Bengaluru (Karnataka) [India], June 15 (ANI/PRNewswire): Bengaluru headquartered Fintech platform, Money View, has announced its first ESOP buyback for its employees.
New Delhi [India], June 8 (ANI): SpiceJet extended its Employee Stock Ownership Plan (ESOP) scheme to mid to senior level employees and critical resource staff in recognition of their contribution to the Company in the last three years of the COVID-19 crisis.
Bengaluru (Karnataka), March 11 (ANI/PR Newswire): In the past 4 years, UnlistedKart has been at the forefront of the unlisted stock space, achieving a collective top line of 250-plus crores and clocking an impressive IRR of 40 per cent on their recommended portfolio. A testament to their explosive growth has been their research-first platform that empowers investors to find missed opportunities in the unlisted market.
Bengaluru (Karnataka) [India], August 24 (ANI): Fintech start-up Khatabook said on Tuesday it has closed a USD 100 million (about Rs 743 crore) series C funding round with a valuation now close to USD 600 million (about Rs 4,456 crore).
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