Infibeam president Jason Kothari has quit the company, barely five months after he joined from Snapdeal. An official filing from the Bombay Stock Exchange shows that Kothari has stepped down to "spend more time abroad due to personal reasons" and will continue at Infibeam as a senior advisor. Kothari was with Snapdeal for a year and a half as chief strategy and investment officer. He was the CEO and a board member of Freecharge briefly last year. Prior to that, he was CEO of Housing.com between 2015-2017 and also served on its board. Last month, Infibeam shares plunged 73% after it surfaced that the company had given interest-free and unsecured loans to one of its subsidiary units. After word of the loans spread, traders on Dalal Street began offloading the company’s stock after receiving WhatsApp messages detailing the loans. The company released a statement soon after, declaring that there was no pending information or announcement that may impact its share price. The company's stock, however, did not recover remarkably. Infibeam runs an e-commerce platform, owns the payments platform CCAvenue, and is the government’s official partner for GeM (the government e-marketplace). Read more here: Infibeam shares plunge over 70% after speculation of interest free loans
- Why did the Delhi High Court restrict use of Amitabh Bachchan’s image and voice? November 25, 2022
- Why did an Indian exchange, CoinDCX, publish its Proof of Reserves days after releasing its R2L ratio? November 25, 2022
- DPDP Bill, 2022 Has Received Good Response From Stakeholders: MeitY’s Ashwini Vaishnaw November 25, 2022
- Twitter Blocks Tweet of CJ Werleman’s YouTube Show Discussing Police Violence Against Indian Muslims November 25, 2022
- Unique Identification Authority of India (UIDAI) says verify Aadhaar as ID proof using QR November 25, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...