Latest news with #Pai
Hindustan Times
3 days ago
- Business
- Hindustan Times
‘You had no role in India's progress': Mohandas Pai shreds Indian-American millionaire over quality of life remarks
Former Infosys CFO Mohandas Pai hit back at Hotmail co-founder Sabeer Bhatia for his post slamming the quality of life in India and asking if the common people could feel the impact of the country becoming the fourth largest economy after surpassing Japan. 'We overtook Japan in GDP……but can you feel it in your pocket? Growth without distribution is just inflation in disguise,' Bhatia wrote as he posted a video. The footage shows slums, poor drainage systems, and even the white foam that forms in Delhi's Yamuna, causing concern each year. Earlier too, Bhatia spoke about the quality of life in India. "The reason I have come out and criticised the overall GDP over that of Japan is for this reason. I have been getting a lot of backlash on my Twitter account but I'm still doing it because I love India and I love each and every one of you. I really care about India and I want it to be an India that improves the lives of all of its citizens, especially the ones right at the bottom of the pyramid. If we can change their lives, all the other numbers automatically take care of themselves,' Bhatia continued in the video. He then listed how he thinks India can be better - mass education with the help of AI and the development of critical thinking skills among the masses. Reposting Bhati's X post, Pai wrote, 'Man Sabeer Bhatia you are an economic refugee, left India long ago.' 'Good riddance to bad rubbish. You had no role in India's progress. So stop pontificating and shut up. We will grow India and build our future. We do not need you. You are toxic and a hate monger,' Pai continued. An individual wrote, 'Yes, I do. When I went to Japan this year, my rupee counted for much more! In the past, I was able to buy less with the same amount of money. This time, I was able to buy a lot more. Just because you live in a bubble in the US, doesn't mean the people on the ground don't.' Another added, 'I get your point, Sabeer, and improvement in GDP per capita growth will happen once we realise India's full potential across services and product space. So, let's be optimistic, support the movement, and celebrate the milestone without losing momentum." A third continued, 'You should have stayed back and contributed to growth and distribution.' Bhatia and Pai's X interaction comes amid the debate of GDP vs per capita GDP. While many applauded India's ascension to the fourth position, some pointed out that when it comes to per capita GDP, there is no comparison between India and Japan.
Time of India
3 days ago
- Business
- Time of India
Angry Mohandas Pai to Hotmail founder Sabeer Bhatia: All you do is abuse India and …
Former Infosys CFO Mohandas Pai launched a scathing attack on Hotmail co-founder Sabeer Bhatia after the latter questioned whether Indians could feel the impact of the country's economic milestone in their pockets. Pai called Bhatia an " economic refugee " and accused him of being a "hate monger" who belittles India's achievements. — TVMohandasPai (@TVMohandasPai) "Man @sabeer you are an economic refugee, left India long ago. Good riddance to bad rubbish. You had no role in India's progress. So stop pontificating and shut up. We will grow India and build our future. We do not need you. You are toxic and a hate monger," Pai wrote on X (formerly Twitter), responding to Bhatia's critique of India becoming the world's fourth-largest economy. Pai escalated his attack further, declaring: "All you do is abuse India and Indians. We celebrate our achievements as we did it not you, and then go back to hard work to build India. Do not need you." The heated exchange began when Bhatia questioned the significance of India surpassing Japan's GDP, asking: "We overtook Japan in GDP……but can you feel it in your pocket? Growth without distribution is just inflation in disguise." Bhatia had posted a video showing scenes from slums and polluted areas, questioning whether India should celebrate its economic milestone given the quality of life issues. Bhatia's vision for real progress In his video response, Bhatia emphasized his love for India while maintaining his position. "I really care about India and I want it to be an India that improves the lives of all of its citizens, especially the ones right at the bottom of the pyramid. If we can take care of their lives, all the other numbers automatically take care of themselves," he said in the video. Bhatia advocated for mass education as the solution, arguing that artificial intelligence could help achieve this goal. "What we need to empower them with is critical thinking skills. If every citizen of India has critical thinking skills, they would be ready for this new intellectual property revolution," he stated, adding that traditional rote learning methods are "completely useless." Pai Defends India's Progress Pai emphasized that those who stayed in India contributed to its progress through hard work and tax payments. "We stayed back, worked very hard, paid our taxes and grew India. We will grow our industry and the future!" he stated, adding that "India is still a poor country, but growing very fast. We are better than 20 years ago, better than 10 years ago, better than 5 years ago." When Bhatia responded saying "I see hate in your tweets…. Mine are loaded with logic," Pai dismissed this as "Rubbish," maintaining that Bhatia was a "useless hate monger who belittles our achievements." AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hindustan Times
6 days ago
- Business
- Hindustan Times
Mohandas Pai slams Bengaluru metro authorities over Yellow Line delays, calls work culture ‘lousy'
Former Infosys CFO and civic commentator Mohandas Pai has sharply criticised the Bengaluru Development Minister and the Bangalore Metro Rail Corporation Limited (BMRCL) over the latest setback in the launch of the Yellow Line of Namma Metro. Pai, known for his outspokenness on Bengaluru's urban infrastructure issues, took to X to express his frustration over what he called a 'very bad lousy work culture' and demanded accountability from those responsible for the repeated delays. Also Read - Truck driver killed in Mangaluru, authorities clamp down to curb communal tensions In a scathing post tagging Deputy Chief Minister D K Shivakumar, Pai wrote: 'Minister @DKShivakumar, what is happening? Is there no value in deadlines? Delay after delay! Is there any management at all? They are letting you down very badly again and again. Please suspend the official responsible. Very bad lousy work culture. This could have been done long back.' Pai's outburst comes amid yet another delay in the launch of the 19.15-km Yellow Line corridor, which connects RV Road to Bommasandra. Initially expected to be operational by mid-2024, the project is now facing a likely pushback to late July or August, according to a Deccan Herald report. Also Read - Kamal Haasan's 'Kannada was born out of Tamil' comment sparks huge political outrage ahead of film release The latest hurdle stems from critical issues with the train signalling system. BMRCL officials confirmed that Independent Safety Assessment (ISA) approvals are still pending due to glitches detected in software datasets during the review by Siemens India Ltd, the contractor responsible for the signalling system. 'Train operations rely entirely on software. Even a small error triggers the system's fail-safe mode,' a senior BMRCL official explained. Though BMRCL has reportedly completed all other statutory tests, the ISA certification remains a key requirement before the Commissioner of Metro Railway Safety (CMRS) can give the final clearance for operations. This fresh delay is particularly embarrassing given Deputy CM D K Shivakumar's public assurance that the Yellow Line would be operational by May 2025. However, with a history of missed deadlines, the project is once again in the spotlight — and under intense public scrutiny.
Time of India
7 days ago
- Business
- Time of India
'Constructive Dismissal': Ex-MD of Microsoft for Start Ups Lathika Pai sues the company
Lathika Pai, the former Managing Director of Microsoft for Startups in India, reportedly started legal proceedings against Microsoft India . Pai accused the company of "constructive dismissal', hostile work environment and policy violations. Initially filed in Delhi High Court, the case has now been transferred to civil court in Bengaluru. Pai claimed that she was forced to resignand also alleged that Microsoft also conducted two internal investigations into a startup initiative she led —' Highway to a 100 Unicorns '—but denied her access to complaints and transcripts from the first probe. She also claims that a key interview in April 2024 was conducted without being recorded, violating Microsoft's stated policy. Pai accused Microsoft India of hostile environment and forced resignation As per multiple online reports, Lathika Pai's lawsuit claims that she was subjected to hostile work environment which ultimately led to her constructive dismissal. For those unaware, Constructive Dismissal takes place who an employee is forced to resign due to intolerable working conditions created by the employer, rather than being directly fired. Pai further alleges that Microsoft failed to address cyber harassment she faced in 2020, despite her formal complaints. She claims she was excluded from key forums, labeled a 'troublemaker', and her contributions were publicly overlooked. Pai resigned on October 8, 2024, citing mental and physical distress caused by Microsoft's actions. She is seeking compensation for lost salaries, bonuses, stock options, reputational damage, and emotional suffering. Microsoft has not issued an official statement on the lawsuit. The case will be heard in Bengaluru on June 9. Microsoft recently fired 6000 employees Microsoft recently announced that it will ay off 3% of its global workforce, affecting thousands of employees across all levels, teams, and geographies, amounting to over 6,000 employees. The cuts at the Redmond giant, which employed 228,000 people as of last June, aim to reduce management layers and streamline operations. "We continue to implement organisational changes necessary to best position the company for success in a dynamic marketplace," a Microsoft spokesperson told CNBC in a statement. The latest round of job cuts Microsoft's largest reduction since eliminating 10,000 roles in 2023. Unlike January's smaller performance-based cuts, the company indicated these layoffs are structural in nature.
Time of India
26-05-2025
- Business
- Time of India
Hindalco eyes up to ₹8,000 crore in capex spending this fiscal
Aditya Birla Group 's metal flagship Hindalco Industries has set a capital expenditure target of about ₹7,500-₹8,00 crore for the current financial year, according to a regulatory filing. Hindalco Industries Managing Director Satish Pai, during a conference call post-announcement of Q4 earnings, said that this year's capex "guidance is about ₹7,500 crore to ₹8,000 crores". When asked about the capex guidance for the next financial year, Pai said: "I think the next year will be peak when we will start to have many of the upstream projects kicking in. But let me give you that guidance towards third quarter of this year when we know exactly what the cash out will be." The company's capital expenditure was ₹6,500 crore in the last financial year. "Last year we spent ₹6,500 crore, just for comparison," he said. The consolidated net profit of the company rose 66 per cent to ₹5,284 crore in the quarter ended March 2025, driven by a strong performance by Indian operations supported by favourable macroeconomic condition and lower inputs costs. The company had posted a consolidated PAT (profit after tax) or net profit at ₹3,174 crore in the year-ago period, Hindalco Industries said in a statement. The consolidated revenue from operations in the January-March quarter rose to ₹64,890 crore from ₹55,994 crore in the year-ago period. The consolidated PAT for the year-ended March 2025 rose to ₹16,002 crore from ₹10,155 crore recorded in FY24. Revenue from operations in the last fiscal increased to ₹2,38,496 crore compared to ₹2,15,962 crore in FY24. Hindalco, a USD 28-billion metal powerhouse, is the world's largest aluminium company by revenues, and the world's second largest copper rods manufacturer (outside China). Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium.
