Essayer OR - Gratuit

Capacit'e looks to West Asia after Maldives foray

Business Standard

|

May 19, 2025

The "suicide" of a young techie of Krutrim, the artificial intelligence unit of Ola, has raised questions over the company's work culture after allegations of intense work pressure and verbal abuse against employees surfaced in a viral social media post.

- BS REPORTER

Capacit'e looks to West Asia after Maldives foray

Nikhil Somwanshi, who was a recent graduate of the Indian Institute of Science (IISc), Bangalore, and had joined Krutrim less than a year ago, allegedly died by suicide on May 8. The incident gained widespread attention after a post by an anonymous user on social media platform Reddit went viral, describing the environment at the company as "traumatic", especially for freshers. The user claimed to be a colleague of Somwanshi.

"We are deeply saddened by the tragic passing of one of our most talented young employees, Nikhil, on May 8. Our thoughts and heartfelt sympathies are with his family, friends, and loved ones during this incredibly difficult time," an Ola Krutrim spokesperson told Business Standard.

The Reddit user in his post alleged that Somwanshi had been leading a project with two others despite being a recent graduate. After the other two left the company, the workload allegedly fell entirely on him. The post alleged that the team's manager was verbally abusive in meetings and disconnected from the team, working remotely from the US, while the rest of the staff was based in Bengaluru. It alleged that the company authorities were attempting to suppress the news of the death.

PLUS D'HISTOIRES DE Business Standard

Business Standard

Business Standard

‘Investor awareness becomes more important than ever’

Ananth Narayan G describes his three-year tenure as whole-time member of the Securities and Exchange Board of India (Sebi) as a privilege that allowed him to make an impact on a larger canvas.

time to read

3 mins

November 01, 2025

Business Standard

Business Standard

New currency of hard power

If China is an exporting superpower, America is an importing one. Mr Trump has turned what would usually be a liability into an asset

time to read

5 mins

November 01, 2025

Business Standard

Business Standard

Apple's India revenue hits new high in Sep qtr

Apple set an all-time revenue record in India for the September quarter, driven by strong iPhone sales, as the American technology giant’s overall sales revenue reached $102.5 billion globally.

time to read

1 mins

November 01, 2025

Business Standard

Business Standard

USFDA's new biosimilar norms to woo more players, fast-track mkt entry

The US Food and Drug Administration’s (USEDA)'s new draft guidelines aimed at speeding up and reducing the cost of developing biosimilars — lower-priced, near-replicas of complex biologic medicines — could significantly benefit Indian biotech companies.

time to read

2 mins

November 01, 2025

Business Standard

Business Standard

Apple revenue tops $100 bn for first time

iPhone price hike drives record quarter

time to read

1 mins

November 01, 2025

Business Standard

Business Standard

Broking industry sees high growth on digital push

The Indian broking industry is passing through a lean patch after two years of rapid growth and expansion.

time to read

3 mins

November 01, 2025

Business Standard

Business Standard

Al-related stocks have more room to grow'

Artificial intelligence (AI)-related stocks have more room to grow, said Mark Matthews, managing director (MD) and head of research for Asia at Julius Baer during lunch on the sidelines of the Business Standard BFSI Insight Summit 2025 on Friday.

time to read

1 mins

November 01, 2025

Business Standard

Business Standard

'Al unlikely to replace humans in fin services'

Artificial intelligence, or AI, has had an influence in the way we invest in stocks. While it helps you narrow the list of opportunities, it has not reached a point where it can replace wealth managers, points out Shankar Sharma, founder, GQuants, in a fireside chat with A K Bhattacharya. Edited excerpts:

time to read

4 mins

November 01, 2025

Business Standard

Business Standard

Vedanta net profit plunges 59% on exceptional losses

Mining major Vedanta’s consolidated net profit plunged 58.69 per cent year-on-year (Y-0-Y) to %1,798 crore inthe second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported anet exceptional gain of $1,160 crore in Q2FY25.

time to read

2 mins

November 01, 2025

Business Standard

Sebi chief stresses responsible tech use, stronger market resilience

The Securities and Exchange Board of India (Sebi) is promoting the responsible use of emerging technologies, such as artificial intelligence in financial markets, strengthening cybersecurity, and preparing entities for change, said Chairman Tuhin Kanta Pandey on Friday.

time to read

1 mins

November 01, 2025

Listen

Translate

Share

-
+

Change font size