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News on Medial
'Govt gets paid before you do': LinkedIn post breaks down where your salary really goes
Business Today
·
3m ago
Medial
In a viral LinkedIn post, Anish Sengupta, a tech professional, explores how a significant portion of a salaried worker's income is absorbed by taxes and employer profits, highlighting global variations. In the US, Europe, the Middle East, and India, taxes vary, with the government often being paid first. Sengupta discusses worker-generated value versus pay, emphasizing the importance of financial strategies to maximize personal wealth. He encourages professionals to invest wisely and rethink income perception.
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If I was a poor performer, prove it: BYJU'S employee from viral video to co-worker
Money Control
·
2y ago
Medial
Akansha Khemka, a BYJU'S employee, responded on LinkedIn to a co-worker who questioned her performance after her viral video where she claimed to be asked to resign to release her salary. Khemka expressed her willingness to apologize if there were any discrepancies in her performance and challenged them to provide evidence to support their claims.
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Is India too poor to matter? An IIT grad breaks down why GDP stats don’t tell the full story
Business Today
·
1m ago
Medial
Shivam Parashar, an IIT graduate, challenges the notion that India's low GDP per capita makes it insignificant. In a LinkedIn post, he argues that solely judging India on GDP per capita is simplistic and misleading. True potential is better gauged by examining what a currency can achieve, rather than just its conversion rate. This perspective highlights the importance of context and a more comprehensive understanding of economic indicators.
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Buying a car or just helping govt fill coffers? CA shares harsh middle-class reality of owing car in India
Economic Times
·
1m ago
Medial
CA Arvind C Thomas's LinkedIn post highlights the heavy tax burden on car purchases in India, revealing that nearly ₹6 lakh in taxes apply to a Hyundai Creta's invoice, nearly 46% of its base price. This encompasses GST (28%), Compensation Cess (17%), and TCS (1%), excluding additional expenses like road tax, insurance, and registration. The post questions whether buying a car serves personal needs or governmental revenue, sparking discussion on tax impacts on the middle class.
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After receiving flak for 'laying off' employees under work stress, YesMadam claims no one was fired
YourStory
·
8m ago
Medial
YesMadam, a services marketplace, denies firing employees for being stressed at work after a LinkedIn post went viral. The post shared a screenshot of an email from the company's HR manager stating that employees who reported high stress levels in an internal survey would be let go. YesMadam clarified that employees were given a break to rest and recharge, and announced the launch of a corporate program called 'Happy 2 Heal', offering head massages and spa sessions at the workplace. The company will also introduce a 'De-Stress Leave' policy with six paid leave days annually and complimentary spa sessions at home.
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Fintech start-up ZestMoney gets an acquisition offer over LinkedIn
Business Today
·
1y ago
Medial
Ashwin Bhambri, founder of KreditPE, expressed interest in merging and running ZestMoney, a recently shut down BNPL start-up, in a LinkedIn post. Bhambri believes that KreditPE can revive ZestMoney and make it even more successful than PhonePe. The proposed merger could also lead to the creation of a postpaid UPI wallet service, which Bhambri believes would attract a larger audience in India. ZestMoney's investors include Omidyar Network India, Goldman Sachs Investment Partners, and Naspers, among others.
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Sharan Hegde’s The 1% Club Fires 15% Workforce
Inc42
·
9m ago
Medial
The 1% Club, a company providing educational resources, mentorship, entrepreneurial opportunities, and networking avenues, is generating approximately $8 million in annual revenue with an EBITDA of 35-40%, according to a LinkedIn post by cofounder Raghav Gupta. Facing rapid advancements in AI, the company acknowledges the need to adapt and make strategic decisions to remain competitive and efficient. Established in 2022, The 1% Club aims to support its paid members in navigating the evolving business landscape.
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If youth gets fame without skill, skills seems pointless: CRED CEO
Inshorts
·
1y ago
Medial
Kunal Shah, CEO of fintech unicorn CRED, in a recent post on X, expressed his thoughts on the relationship between fame and skill among young people. In his post, Shah highlighted a concerning trend where youth may achieve fame without necessarily possessing substantial skills. He said that this could make acquiring skills seem less appealing, ultimately causing long-term damage.
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IITian turns a refreshing drink delivery amid 48-degree heat into philosophy lecture, gets delivered roasts instead
Economic Times
·
1m ago
Medial
A startup founder and IIT Bombay graduate faced backlash after posting a philosophical reflection on LinkedIn about systemic inequality, using a delivery scenario. While he attempted to illustrate life’s inherent unfairness, Reddit users criticized him for perceived insensitivity and pseudo-intellectualism. Highlighting disparities in comfort and suffering, his post was seen as lacking empathy and became a cautionary tale about expressing philosophical views on professional platforms.
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Truecaller gets AI backed spam-blocking feature. here's how it works
Livemint
·
1y ago
Medial
Truecaller has introduced an AI-powered feature called 'Max' that blocks spam calls. The feature, available exclusively for Truecaller Premium users on Android, can identify and block calls that are not from approved contacts or are flagged as spam by the AI algorithm. The technology is expected to improve over time as more spam call data is collected. Truecaller's Vice President of Search, Kunal Dua, mentioned that there may be instances where legitimate businesses might get temporarily blocked. The Truecaller Premium subscription in India starts at ₹179 per month and goes up to ₹5,000 for the Gold tier.
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The case against Elon Musk’s $46 billion pay deal
Livemint
·
1y ago
Medial
The upcoming annual general meeting at Tesla will see a vote on Elon Musk's controversial $46 billion pay deal. Critics argue that the deal is disproportionate, being nearly 300 times higher than the salary of America's highest-paid CEO. Furthermore, it is more than double Tesla's cumulative free cash flows and represents about 8% of the company's market value. Proponents argue that Musk deserves this compensation for his outstanding performance, and that denying it now would be biased hindsight. However, the focus on this issue highlights the governance problem at Tesla, where Musk dominates the board that is meant to oversee him.
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