In today’s news: Ola says fuck you to its biggest investor.
… a person close to Ola’s board said the co-founders and some smaller investors made the changes to specifically put restrictions on SoftBank.
Ola’s founders have strengthened their rights relative to SoftBank despite the fact that SoftBank has recently increased its stake in the company after pumping an additional $250 million into Ola in November.
SoftBank owns nearly 40% of Ola, which also counts Matrix Partners, Tiger Global, Sequoia Capital, Steadview Capital, Accel Partners and others as investors.
Snapdeal effect? Ola restricts SoftBank rights, strengthens those of founders, May 18, 2017, at 06:34 PM
Also, in today’s news: Ola finding it hard to raise more funding
It is looking for more but funds have been tough to come by as potential investors have backed off from putting cash into an Uber rival in a sector that is yet to prove it can deliver profits.
All ‘passwords’ should be replaceable. If your credit card gets stolen, you can block it and get a new card. If your Aadhaar number and fingerprint are leaked, you can’t change it, you can’t block it.
Aadhaar uses fingerprints, linked to bank accounts: Is your identity safe?, April 3, 2017, at 01:37 PM
This pattern of voters expressing a liking for one leader but voting for another party was striking and consistent, and when I described it to a colleague in Delhi, he offered a uniquely Indian analogy: These people are saying they would ideally like to have a love marriage, but that they will probably settle for the spouse chosen by their parents.
Voters liking one leader but voting for another party seems to be a consistent pattern in UP, March 1, 2017 at 10:58AM
Rupa Rege Nitsure, chief economist at L&T Holdings, said the current year’s growth “appears to be overstated as our National Accounts Statistics does not adequately capture activities from the unorganised sector“.
“While the numbers make sense in terms of direction of change, their actual magnitude appears to be overstated,” she said.
The so-called “unorganised sector” – made up of informal workers – is believed to account for about 40% of India’s economy.
Indian economic growth slows in final quarter of 2016 – BBC News, February 28, 2017 at 10:55PM
Scripture and Russian tradition, the church said, regard “the reasonable and loving use of physical punishment as an essential part of the rights given to parents by God himself”.
Why Russia is about to decriminalise wife-beating, January 28, 2017 at 12:03PM
I know a vast proportion of population back in India would completely agree with the Russian duma on this, with religious and societal permission.
I remember an aunt who used to be regularly beaten by her husband, and her mom refused to interfere because it was ‘between her and her husband’. Her husband, and his family, burnt her to death a few years after since she didn’t get sufficient dowry.
The grand aunt was one of the strongest, most independent women I’d known till then. Her daughter’s murder broke her. Yet, she refused to accept that she should’ve intervened. She only regretted not choosing a better husband in the first place.
Not surprising then, that women led the Russian wife-beating law, or that women voted for Trump in large numbers, or that women are big supporters of some of the most women-oppressing societal norms in India.
‘The key at arriving at a successful outcome,’ Menon notes, ‘was keeping public rhetoric calm and steady, displaying strength, and giving the adversary a way out.’
The Sober Realist | OPEN Magazine, January 27, 2017 at 01:31AM