The pending TRAI decision on establishing a regulatory framework for Web-based OTTs if gets passed will have serious implications on millions of Indian’s lives. While the there is a lot of debate going on about the ramification of Net Neutrality and why its relevant in today’s digital economy, the two segments that will be clearly be affected are the telcos and the customers using Web-based or data-based services.
Security firm Topsgrup, run by Tops Security Ltd, is planning to raise $100 million from international private equity (PE) firms to fund acquisitions and provide existing investors a profitable exit. The Rs.1,200 crore company would conclude the private equity deal in four months to facilitate an exit for existing investors, Diwan Rahul Nanda, global chairman at Topsgrup, said in an interview. ICICI Venture Funds Management Co. Ltd and Everstone Capital hold 19% in Topsgrup while ace investor Rakesh Jhunjhunwala holds 12%.
The number of crorepatis at Cisco India shot up to 132 in 2014 from just three in the previous year, a development that comes at a time when the USbased network equipment maker is gearing up to cash in on Prime Minister Narendra Modi’s ‘Digital India’ initiative. With a fresh investment of $1.7 billion, the company is offering huge salary hikes to retain employees, even as it looks to hire the best engineering and sales talent from local as well as international markets.