NITN | @notintownlive | 23 Jan 2023, 06:07 am
ESOPDhan
Bengaluru: ESOPDhan co-founder Nitin Agarwal, an angel investor, has said he expects the upcoming Union Budget to reduce the holding period of ESOP shares of unlisted companies from two years to one year for purposes of capital gain.
"This would make ESOPs a more attractive tool to retain and reward employees, especially among startups that are today seen as major job creators," Agarwal said.
ESOPDhan, the financial services firm that has lent about Rs 20 crore to 15 Bengaluru and Hyderabad based employees of US-based high growth tech companies to exercise their vested ESOPs is looking to build a loan book of Rs500 crore by 2025.
- NEET-UG to shift to Computer-Based test mode from 2027, says Dharmendra Pradhan; experts welcome move
- Sona College of Technology launches ‘Sona ChipIN Centre’ with latest semiconductor EDA tools
- Parampara founder Debabrata Sen brings Ayurveda to Gen Z with interactive session at Kolkata school
- Sona Institutions to open a College of Nursing at Salem
- Vee Technologies’ engineering division delivers 3,000th fire truck design for the US
- Jagannath comes to Kolkata: Up to 10 lakh devotees expected at Vishwashanti Mahayagya from April 17
- New Sheriff Goutam Ghose to unlock Kolkata's buried colonial past — records untouched since the East India Company
- Sona College’s Fashion Technology Dept. opens admissions to its 4-year B Tech program
- Som Tales: Soma Bose’s podcast celebrates the power of storytelling and conversation
- Prabha Khaitan Foundation and WWF-India to celebrate the unsung guardians of India's forest and wildlife
IndiGo has launched its ‘Great Connections Fest’, offering discounted fares on connecting flights across its domestic and international network for a limited booking period.
Air India, the Tata Group-owned airline major, has announced the launch of Cloud Chasers, a comprehensive new programme aimed at enhancing the travel experience for families and young flyers.
Fuel shortages linked to rising tensions in the Middle East could force German airports to scale back operations, cancel flights and raise fares, the Association of German Airports (ADV) has warned.