Allegations of verbal and physical misbehaviour have surfaced against Mahesh Murthy, a known figure of venture and angel investor community in India. More than two women have spoken openly about their instances of sexual violations made by Murthy, 13-14 years ago. Murthy clearly denied the allegations. He called the allegations[Read More…]
Tag: Investors
Snapdeal in talks for a potential sale
Indian e-commerce company Snapdeal after having struggled to raised funds is in talks with Paytm-E-Commerce and Flipkart India for a potential sale as per LiveMint reports. However, the talks are still in its initial stages, Japan’s SoftBank which has invested roughly $900 million of the $2 billion or so raised by Snapdeal,[Read More…]
Dieselgate: VW sued for $9.2 billion in German investor lawsuits
Volkswagen faces Germany’s biggest investor lawsuit as attorneys filed complaints totaling 8.2 billion euros ($9.2 billion) related to the diesel emissions scandal that wiped out a third of the company’s market value. About 1,400 lawsuits are currently pending at a court in Braunschweig, about 20 miles from Volkswagen’s Wolfsburg headquarters,[Read More…]
Sink or die but return investors’ money: SC to realty giant Supertech
Coming down heavily on realtor giants Supertech, the Supreme Court on Tuesday asked them to return money to investors saying it was not concerned whether the real estate major “sinks or dies”, a direction which may soothe ruffled feathers of hassled home buyers waiting endlessly for their dream homes. “Either[Read More…]