India’s Zoho email migration; Zomato parent's ESOP plan
For decades, official government communication ran primarily through systems managed by the National Informatics Centre (NIC), which has been the government’s technology backbone.
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Following months of speculations, Elon Musk’s space company SpaceX has finally confidentially filed papers for its initial public offering. This brings the company a step closer to what is considered the single biggest listing in US history.
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In today’s newsletter, we will talk about
- India’s Zoho migration
- Zomato parents fresh ESOPs
Here’s your trivia for today: What name is given to the vast, treeless plains of South America?
Insight
India’s Zoho migration
The central government’s decision to migrate 16.68 lakh official email accounts to Zoho’s cloud platform, at a total cost of Rs 180.10 crore, represents one of the larger administrative technology transitions undertaken in recent years.
While this may appear to be a routine IT upgrade, the scale, structure and intent of the migration suggest that it is part of a broader shift in how the government is building its digital infrastructure.
Key takeaways:
- For decades, official government communication ran primarily through systems managed by the National Informatics Centre (NIC), which has been the government’s technology backbone.
- According to a reply by Union Minister Jitin Prasada in Parliament, the objective of the migration was to build a “robust, sovereign and secure official email system” and to modernise legacy infrastructure while improving scalability, collaboration and security.
- Security has been a central consideration in the migration. The system includes encryption of data both in transit and at rest, multi-factor authentication, geo-fencing and IP-based restrictions.
Ecommerce
Zomato parents fresh ESOPs
Zomato parent Eternal has approved a fresh grant of 74.18 lakh employee stock options (ESOPs), extending its multi-year practice of using equity incentives to retain and reward talent.
The company’s compensation committee approved the grant, allocating stock options across three ESOP schemes introduced over the past decade, reflecting different phases of its expansion.
Key takeaways:
- At Eternal Limited’s current share price of Rs 224.7, the ESOP grant is valued at approximately Rs 167 crore.
- The move follows a similar issuance in October last year, when the company granted 64.13 lakh stock options to employees.
- The fresh ESOP grant comes at a time when food delivery and quick commerce players are locked in a battle for both market share and managerial talent.
News & updates
- Oil trade: Traders in the energy sector have said online betting platforms are driving the global oil market. According to them, datafeeds from prediction platforms like Polymarket are being used to create algorithms that affect Brent crude futures market.
- Weight loss: Drugs that support weight loss are seeing an increase in competition. Novo Nordisk said on Thursday that its Wegovy pill showed more pronounced weight loss and fewer side effects than Eli Lilly’s rival pill that was approved this week.
What name is given to the vast, treeless plains of South America?
Answer: Pampas
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