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Zoho CEO Sridhar Vembu's Rs 15,000 Crore Divorce Among World's 4th Costliest

Zoho founder and CEO Sridhar Vembu is at the centre of one of the world's costliest divorces, with a California court ordering  him to deposit a $1.7 billion bond (around Rs 15,000 crore) amid divorce proceedings with his wife Pramila Srinivasan. The case is the most expensive divorce involving an Indian businessman and ranks among the four costliest divorces worldwide. Vembu's net worth is estimated at $5.85 billion, placing him among India's 40 richest people, though most of Zoho's shares are held by his siblings. The company, privately held, employs 12,000 people and serves 80 million users globally. Vembu married Pramila Srinivasan in 1993, and the couple has a son. After nearly 25 years in the US' San Francisco Bay Area running Zoho, he moved in 2020 to Tamil Nadu to oversee rural initiatives and run Zoho from India. Pramila Srinivasan filed for divorce in 2020. She alleged that Vembu abandoned her and their son, who has special needs, and secretly transfe...
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France Back In Virus Lockdown As Europe Cases Top 10 Million

France entered a new lockdown on Friday as the resurgent coronavirus pandemic increasingly forced other countries to consider following suit, with Europe passing 10 million total infections and the...

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