Infosys opens new development centre in GIFT City to build solutions for global BFSI clients
The facility, designed to accommodate over 1,000 employees working in a hybrid model, was inaugurated by Gujarat Chief Minister Bhupendrabhai Patel.
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Hindustan Times
11 minutes ago
- Hindustan Times
This 30-year-old billionaire still shops at Shein, drives old Honda: ‘I don't like wasting money'
At 30, Lucy Guo has dethroned Taylor Swift as the world's youngest self-made billionaire. Despite her staggering net worth – Forbes estimates it to be $1.3 billion – this 30-year-old college dropout does not believe in wasting money. In fact, Lucy tells Fortune that her wardrobe is dominated by free clothes or fast fashion - barring the odd designer dress. She still drives a Honda Civic and flies commercial. 'I don't like wasting money,' the 30-year-old told Fortune. Lucy Guo is an American social media influencer and co-founder of Scale AI. She founded the company in 2016 and was fired two years later following a disagreement with co-founder and CEO Alexandr Wang. Lucy was just 21 when she launched the AI startup. A computer science student at Carnegie Mellon, she had dropped out of college and interned with Facebook before she built Scale AI. Despite being fired, Guo retained an estimated 5% stake in Scale AI. It is this stake that gives her her status as the world's youngest self-made billionaire at age 30. 'Everything I wear is free or from Shein,' Guo, now the founder of OnlyFans competitor Passes, told Fortune. 'Some of them aren't going to be that great quality, but there's always like two pieces or so that really work out, and I just wear them every day,' she added. Her thriftiness does not end at clothes - this Miami and Los Angeles-based billionaire still drives an old Honda Civic and doesn't believe in private jets. If it's a long flight, Guo does splurge on a business class ticket. 'I still literally buy buy-one-get-one-free on Uber Eats… in terms of like daily life, my assistant just drives me in a pretty old Honda Civic. I don't care,' she says. 'Who you see typically wasting money on, designer clothes, a nice car, et cetera, they're technically in the millionaire range,' Guo explains. 'All their friends are multimillionaires, or billionaires and they feel a little bit insecure, so they feel the need to be flashy to show other people, 'look, I'm successful.''
Hans India
14 minutes ago
- Hans India
FAPCCI Excellence 2025 Awards to be presented on June 10
Visakhapatnam: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is presenting its first-ever 'FAPCCI Excellence 2025' Awards on June 10 in Visakhapatnam. Announcing this at a media conference held here on Saturday, FAPCCI president Kankatala Mallikharjuna Rao mentioned that the awards were instituted to foster a culture of excellence, entrepreneurship and sustainability in the State. 'We received over 90 nominations across 11 categories, including agro and aqua industries, MSMEs, CSR initiatives, start-ups, innovation, green energy, rural entrepreneurship, and women-led enterprises,' he informed. Minister for Industry and Commerce TG Bharath and Visakhapatnam MP M Sribharat will present the awards to the winners attending the event as chief guests. The awardees were selected by an independent jury chaired by former Supreme Court judge Jasti Chelameswar. The panel included Aditya Nath Das, Chief Advisor to AP government; Srini Raju, chairman of Sri City; M Chandrasekhar, director of IIM-Visakhapatnam; and Janaki Ramachandran from Krea University. Highlighting the credibility of the selection process, Mallikharjuna Rao said the jury followed a rigorous and transparent mechanism with a strong emphasis on impact and innovation. 'This is merely not about honouring achievements but about placing Andhra Pradesh firmly on the national and global industrial map through the power of recognition and encouragement,' he stated, expressing optimism that the initiative would serve as a catalyst for industrial growth, attract investment and inspire a new generation of entrepreneurs to strive for global competitiveness. CV Atchut Rao, founder president of FAPCCI, vice-president A Satyanarayana, and managing committee members Ch Kishore Kumar and Hema Garigipati, were present. The award presentation ceremony on June 10 will be held at Hotel Grand Bay.
Mint
18 minutes ago
- Mint
ION Founder to Pay €280 Million to Settle Tax Probe: Carlino
(Bloomberg) -- ION Group founder Andrea Pignataro has reached an agreement with Italian tax authorities to pay €280 million ($319 million) to end a probe into alleged tax evasion, Il Resto del Carlino reported on Sunday. Prosecutors in Bologna, where the fintech billionaire was born, had originally sought up to €1.2 billion in arrears, interest and other costs relating to a period up to 2023, according to the newspaper. He'll make the payments in instalments over five years, Carlino said. While a criminal case against him remains open, the settlement could work in his favor in that process, the newspaper said. Although Pignataro claims to reside in Switzerland and most of ION's business is in the UK, officials said he was liable to pay taxes in Italy because his family has lived there throughout the period, Carlino said. Investigators pored through travel and phone records and examined his personal relationships to conclude that he spent most of his time in his home country, according to the report. A representative for Pignataro declined to comment. The Italian tax authority couldn't immediately be reached outside business hours. Pignataro has quietly become one of the most important men in Italian finance, building a network of companies that control data, trade securities and help the European Central Bank manage the euro. In Italy, through ION, Pignataro controls financial services firms Cedacri SpA, Cerved Group SpA and Prelios SpA. That means the group handles large amounts of data on Italian borrowers and companies, while providing software for most lenders. He's also bought stakes in Banca Monte dei Paschi di Siena SpA, Illimity Bank SpA and Cassa di Risparmio di Volterra. After studying at Bologna University, Pignataro worked as a bond trader in London, where he later received a doctorate in math from London's Imperial College. While working for Salomon Brothers, he helped lead a joint venture with Pisa-based software firm List Holdings, filings show. That business would eventually become ION Trading UK, the start of what is now ION Group. Bloomberg LP, the parent company of Bloomberg News, competes with ION in providing financial software and data. --With assistance from Luca Casiraghi. (Updates with response from Pignataro representative in fourth paragraph.) More stories like this are available on
