EducateKaro – Curated News on Tech, Startups & Entrepreneurship
Curated News on Tech, Startups & Entrepreneurship
Sachin Bansal resigns as CEO of Navi Technologies and Navi Finserv, appointing Rajiv Naresh and Abhishek Dwivedi as CEOs respectively. Bansal will serve as Executive Chairman. The move follows RBI’s temporary lending halt, aimed at focusing on long-term growth. Both new CEOs were part of Navi’s founding team.
Read more on MoneyControl
Shantanu Naidu, former aide and close confidant of Ratan Tata, has been appointed General Manager and Head of Strategic Initiatives at Tata Motors. Naidu shared an emotional LinkedIn post recalling childhood memories of his father working at the same plant. The 2018 Tata protégé gained attention for their unique bond, collaborative projects like stray dog safety innovations, and founding elderly-care startup Goodfellows. His promotion follows Tata’s 2024 demise, whom Naidu tributed as “my dear lighthouse.”
Read more on NDTV
Investing platform Zerodha has achieved a remarkable milestone of over 1.6 crore users managing assets worth ₹6 lakh crore, co-founder Nithin Kamath shared in a LinkedIn post. The platform’s success is attributed to its customer-centric philosophy, with nearly 30% of its user base joining through referrals.The platform’s growth stands out for its ad-free approach, focusing on customer value rather than flashy marketing. Kamath likened advertising to an addiction. While dominant among English-speaking users, Zerodha aims to expand in Hindi-speaking markets like Uttar Pradesh and Bihar by launching Hindi content channels to boost regional outreach.
Read more on FinancialExpress.
Hindenburg Research, known for its critical reports on Gautam Adani, is shutting down after achieving its goals. The firm’s 2023 report triggered a $150 billion selloff in Adani Group’s shares, though most losses were later recovered. Founder Nathan Anderson cited a planned conclusion after completing investigations as the reason for closure.
Founded with no traditional finance background, Hindenburg faced early lawsuits and financial struggles. Its 11-member team led investigations resulting in charges against nearly 100 individuals. Anderson highlighted their impact, saying, “We shook empires that needed shaking,” while acknowledging the toll the work took on personal lives.
Read more on Economic Times.
Recent claims circulating online about Jagdeep Singh, the former CEO of QuantumScape, allegedly making ₹48 crore a day are completely inaccurate, as confirmed by official company records. A report from DNA India reveals that Singh stepped down from his CEO position in February 2024, giving up all compensation and forfeiting his stock options from the 2021 award program. His 2023 bonus in company shares was the final payout he received before moving to the role of Chairman of the Board.
SEC filings and statements from QuantumScape clarify that Singh is no longer part of any typical compensation plans. Dr. Siva Sivaram took over as CEO on February 15, 2024.
In conclusion, verified documents disprove these viral claims, confirming that Singh does not earn Rs 48 crore a day.
Read more on DNA India.
