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Zoho founder Sridhar Vembu announced on Wednesday that he will step back from external engagements starting next week to focus on coding and product development work he had committed to but fallen behind on. The billionaire entrepreneur said he risks contradicting his own principle of “do not preach what you do not practise” if he…
File photo: Amazon founder Jeff Bezos Amazon founder Jeff Bezos’ ownership in the e-commerce platform has declined to 9%, following a series of stock sales over the past years. In a new filing with the US Securities and Exchange Commission, the tech billionaire now holds 964.3 million shares of Amazon with sole voting power, and…
UAE based Indian-born business tycoon and former billionaire Dr. Bavaguthu Raghuram Shetty. Image: X Bavaguthu Raghuram Shetty, born in Karnataka, India at his family’s ancestral estate, Bavaguthu House in Udupi on 1 August 1942. Shetty came from a Tulu speaking Bunt family, the son of Shambhu Shetty and his wife Koosamma Shetty. Studying from a…
Zoho founder Sridhar Vembu is the next to join the ongoing ‘AI bubble’ debate. Vembu has issued a cautionary warning on the present surge in artificial intelligence investments. He described the market as a ‘financial bubble’ that could distort long-term innovation. In an interview with CNBC-TV18, Vembu said that while AI holds enormous promise, the…
Oyo founder Ritesh Agarwal Oyo founder Ritesh Agarwal has now credited Amazon founder Jeff Bezos for helping him shape his approach and business strategy. Agarwal revealed the one quote by Bezos which inspired him, ‘Hope is not a plan’. In a recent interview post shared by Agarwal on his Instagram handle, he emphasised that structured…
Doug Lebda, the 55-year-old founder and CEO of LendingTree, has died in a tragic all-terrain vehicle accident at his family’s farm in North Carolina. The online lending platform confirmed his death on Sunday and said the company was mourning the sudden loss of its leader.“Doug was a visionary leader whose relentless drive, innovation and passion…
Zoho founder and Chief Scientist Sridhar Vembu has called on India’s educated elite to rediscover their sense of belonging and commitment to the nation, arguing that a patriotic spirit is essential for the country’s meaningful development. In an interview with MoneyControl, Vembu warned that globalisation has led many urban Indians to see themselves as “global…
Zoho founder and former CEO Sridhar Vembu has reaffirmed his long-standing faith in gold as a reliable hedge against cryptocurrency. In a latest post on X, Vembu said that he “is not interested in crypto”. The Zoho founder added that his preference for gold stems from its stability and historical resilience during periods of financial…
Amazon founder Jeff Bezos who has a net worth of around $240 billion, once described himself as a ‘lottery winner’ and emphasised on the moral obligation which comes with extraordinary wealth. In a 2001 interview, Bezos shared his thoughts on philanthropy, calling it a challenge equal to building a fortune. “If you are a lottery…
Amazon founder Jeff Bezos says young people should learn from the journeys of Bill Gates, Mark Zuckerberg and Steve Jobs, but also remember that their paths are unusual. Speaking at Italian Tech Week recently, Jeff Bezos said college dropouts who went on to build some of the world’s biggest technology companies are the “exception,” not…
