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.
- Kolkata: Mega health camp transforms lives in Ultadanga slum with free multi-specialty services
- 'Music Meets Bells' returns: New York to witness divine confluence of sound and movement
- SonaSPEED motors power NASA–ISRO synthetic aperture radar mission
- London to host maiden thought leadership summit IndiSetu to boost India-UK innovation and cultural ties
- From Loom to Label: Sona College of Tech’s Fashion Tech department powering innovation and careers
- IBCN 2025: Celebrating the Chettiar legacy, powering youthful enterprise
- Rotary Year 2025-26: Dr. Ramendu Homchaudhuri leads charge towards a Thalassemia-free India
- Twin National Honours for Faculty Excellence and Research Leadership
- Kolkata: IACC celebrates rich culinary heritage of India, USA
- Bengal Pro T20 League: A week of thrills, spills and rain interruptions
Malaysia Airlines will expand its South India network by adding more flights on the Kuala Lumpur–Trivandrum route to meet rising demand, the airline said. From September 12, the carrier will operate five weekly services, with daily flights to start from December 1.
IndiGo has expanded its codeshare agreement with KLM, the Netherlands’ national airline, providing its passengers with enhanced access to destinations across Europe and the United Kingdom through KLM’s network, the airline said.
Etihad Airways and Azul Brazilian Airlines have signed a frequent flyer partnership, allowing members of Etihad Guest and Azul Fidelidade programme to earn and redeem loyalty points across both airlines.