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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The parent entity’s filing for bankruptcy in the US was not supposed to affect the Indian business. Yet it has.
Matters at EbixCash Ltd have taken a turn for the worse in the month since its NASDAQ-listed parent, Ebix Inc., filed for bankruptcy. Two of its directors have resigned and the company’s much-delayed initial public offering is at risk of being called off.
Directors Uma Shankar and S.P. Kothari resigned in quick succession. Data available with the Ministry of Corporate Affairs shows that Shankar ceased to be a director of the company on 29 December 2023. She had been appointed to the board of the company in June 2022. In Kothari’s case, he ceased to be director of the company …
The resignation letter penned by one of the two independent directors who stepped down recently details serious issues—from fraud to the promoter’s litany of cases—further complicating life for Ebix’s new owner.
A shareholder complaint has opened a can of worms for the old and new owners of Robin Raina’s beleaguered US-based company.
From Byju’s Divya Gokulanth to Ebix’s Robin Raina, five personalities that we wrote about in 2024.
