Mangaluru: Niveus Solutions Pvt. Ltd., an award-winning Google Cloud partner on Thursday inaugurated its largest office in the country here in Mangaluru.
Sprawling across 16,000 sq. ft, with a seating capacity of 210 staff, it is the largest office of the company in India. The company has around 300 employees working from various locations in India and Singapore.
Speaking after the inauguration of the new office, actor Rakshith Shetty said he was surprised to see Mangaluru and Udupi becoming base for a global cloud engineering organization such as Niveus. He said there was lot of untapped potential in the region, be it in technology, medicine, or even arts. When the talent gets access to the right infrastructure, there was no limit to what they could achieve, he said.
Niveus CEO Suyog Shetty said the organization has seen tremendous growth in business and operations in recent times, registering an over 300% growth year on year. The Mangaluru office offers opportunities to software professionals in the region where the immense pool of talent is available from the education hub. The setup is another key step to attracting and retaining the best of talents in the region, he said.
Niveus has been empowering industry leaders, including top private banks and leading asset management companies, and customers to leverage cloud technologies and harness the power of cloud services to build resilient infrastructures that scale. It recently expanded to the ASEAN region, setting up a hub in Singapore and onboarding new customers.
Niveus was funded in 2013 by Suyog Shetty, Rashmi George, Roshan Bava, and Mohsin Khan.
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Bengaluru: The Siddaramaiah-led Karnataka government on Friday approved two key measures that are expected to fetch the exchequer at least Rs 10,818 crore from the mining sector.
The Cabinet approved the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, which will enable the government to levy taxes, with retrospective effect, on mineral rights and owners of mineral-bearing lands. This move is estimated to fetch Rs 4,713 crore, as reported by the Deccan Herald.
Law and Parliamentary Affairs Minister H.K. Patil, while briefing the media, clarified that the tax would be in addition to the royalty already levied on mined minerals.
"At present, only the miner pays the royalty, but the landowner also has to pay the tax now. For one tonne of iron ore mined from land, a tax of Rs 100 will be levied on the owner of the land," Patil was quoted as saying by the publication, noting that the rate will vary depending on the type of mineral.
When asked whether the move was aimed at generating additional income for the state, Patil mentioned that they were collecting money that was due to the government.
The Cabinet's decision follows a recent Supreme Court ruling affirming that states have the legislative right to impose taxes on minerals.
The proposed tax rate will range from Rs 20 to Rs 100 per tonne for different minerals across all mine categories, the report added.
In another decision, the government has decided to give a one-time settlement (OTS) option for mining violators, particularly those who mined beyond their licensed areas. The state is expecting to collect penalties amounting to over Rs 6,105 crore under this.