The Fintech sector's turmoil, Mishthi Aggarwal's rebellion, the effects of low voter turnout in Lok Sabha elections, and Karthik Reddy's investment strategies are some of the stories that piqued the interest of our readers this week
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1) Blockbuster run
In 1989, Tata Motors created an arm to outsource engineering and IT work. This unit was made into a subsidiary in 1994 and was named Core Software Systems. It still served Tata's automobile company exclusively. In 2001, the subsidiary became Tata Technologies, and in 2005, the acquisition of INCAT International changed the game. It brought marquee customers to the company and also its current CEO Warren Harris into the fold. The company's efforts have always been about pushing the boundaries of innovation, and it has made it into a global engineering research and development powerhouse. Here's how Harris is eyeing new sectors to conquer and continue the blockbuster run.
2) The fintech turmoil
In recent months, fintechs have come under more scrutiny as the Reserve Bank of India (RBI) has sought to curb data security breaches, fraud and money laundering. Big names are making headlines for trading in murky waters. For example, Paytm (problems with Paytm Payments India Ltd) and BharatPe (governance and embezzlement accusations made by Ashneer Grover). The need for governance is highlighted because of these situations, but finance industry experts believe that fintech is here to stay. Here's what the fintech organisations need to do to avoid the turmoil.
3) Elections and markets