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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Mumbai: In a significant relief for Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared assets worth over ₹1,000 crore that were seized in 2021. This decision came after the Prevention of Benami Property Transactions Appellate Tribunal dismissed the charges that Pawar and his family owned benami properties.

The ruling, which came just a day after Ajit Pawar took oath as Deputy Chief Minister, followed a series of raids conducted by the Income Tax department on October 7, 2021. The raids were linked to allegations of benami assets, leading to the attachment of several properties, including a sugar factory in Satara, a flat in Delhi, and a resort in Goa.

However, the investigation revealed that none of these properties were registered in Ajit Pawar's name. The tribunal, citing insufficient evidence, rejected the charges and affirmed that the properties were acquired through legitimate financial routes. It also noted that the I-T department failed to establish any connection between the Pawar family and the benami properties.

"There is no evidence to suggest that Ajit Pawar or his family transferred funds to acquire benami properties," the tribunal stated.

Ajit Pawar’s legal representative, Advocate Prashant Patil, maintained that the allegations lacked legal merit and that the family’s property transactions were conducted through proper channels, including the banking system. Patil emphasised that the records showed no irregularities in the transactions.