Google’s parent company Alphabet Inc., has its 13th board of director, Google CEO Sundar Pichai! Pichai will be the 5th insider and the 2nd Google executive to join the board after the head of Google’s cloud division Diane Greene. This announcement was made before the announcement of their second quarter earnings.
Sundar Pichai has worked with Google for more than a decade before he became the CEO of the company. In 2015, Google was reorganized into a unit of its parent company Alphabet with Pichai as the CEO after Eric Schmidt. The creation of Alphabet split a bunch of businesses into quasi independent companies, separate from Google.
Alphabet CEO and cofounder of Google Larry Page said, “Sundar has been doing a great job as Google’s CEO, driving strong growth, partnerships and tremendous product innovation.” This move represents a vote of confidence in Pichai, who has helped raise shares by more than 50% in his tenure. It’s not clear what Pichai’s salary will be after joining the board. His total compensation package for the year 2016 was $ 200 million.
Pichai, who has stuck with Google’s commitment to artificial intelligence and machine learning, has led the company through a period of sustained growth. Alphabet is the second most valuable company in the United States, with Google accounting for a vast majority of their revenue. Alphabet’s financial results for the second quarter was $ 265 billion, which is up by 26% versus their second quarter results of 2016.
Along with Sundar Pichai, the Alphabet board also includes the cofounders of Google Larry Page and Sergey Brin, executive chairman and former CEO Eric Schmidt and Diane Greene. In comparison, Alphabet has the most number of insiders on their board of directors. Both Apple and Amazon only have 1 insider, their respective CEOs Tim Cook and Jeff Bezos, while Microsoft has 3 on its 12 person board. Facebook also has a higher insider count, with 3 out of their 8 board members working for the company.
Predominantly, a majority of the companies have fewer insiders as the board of directors are meant to represent the interests of shareholders in cases of conflict with company leadership. A higher number of directors directly affiliated with the company may become a conflict of interest during a crisis.
Watch how Sundar Pichai, in mere 10 years, became the CEO of one of the world’s biggest companies, Google!
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Mobile Premier League (MPL), one of India’s top online gaming platforms, is set to lay off about 60% of its India workforce following the government’s ban on paid online games. The move, confirmed by MPL CEO Sai Srinivas through an internal email, will impact around 300 employees across multiple departments including marketing, finance, operations, engineering, and legal. This decision comes as a direct result of the Promotion and Regulation of Online Gaming Bill, 2025, which restricts paid online games involving monetary stakes to address concerns over financial risks and addiction among young users.
India contributed nearly half of MPL’s revenues, estimated at around $100 million in the 2024-25 fiscal year. With the ban on paid gaming, MPL’s primary revenue source in India has been effectively cut off, prompting the company to shift focus towards free-to-play games and expand its presence in overseas markets such as the United States and Brazil. Despite the layoffs, MPL has pledged to support the affected employees through the transition period. CEO Sai Srinivas expressed regret over the downsizing but highlighted the company’s commitment to developing new business models for the Indian market amid the regulatory changes.
This development significantly disrupts the Indian online gaming industry, which was on track to grow into a $3.6 billion sector by 2029 before the introduction of the ban. While competitors like Dream11 have adapted by discontinuing paid games and avoiding layoffs, the ban has forced many gaming startups in India to rethink their operations. The government’s regulation targets all games involving real money stakes, including fantasy sports and popular card games like rummy and poker, reshaping the future landscape for the country’s gaming ecosystem and its workforce.
The National Company Law Tribunal (NCLT) has granted approval for the amalgamation of Info Edge’s subsidiary, Makesense Technologies, with PB Fintech as of August 29, 2025, in a significant move for India’s fintech sector. This strategic merger aligns with Info Edge’s ongoing focus on streamlining its corporate structure and supports PB Fintech’s growth trajectory as the operator of leading platforms such as Policybazaar and Paisabazaar. The amalgamation, cleared by NCLT’s Chandigarh bench, took place without winding up either company, enabling a seamless blending of assets and expertise for greater operational efficiency.
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The NCLT-approved merger highlights a broader trend of consolidation within India’s tech-driven industries, as major players seek to boost competitiveness and achieve sustainable growth through mergers and amalgamations. Stakeholders—including shareholders and employees—are set to benefit from the new, streamlined structure, increased transparency, and the promise of enhanced value creation going forward. The unification of Makesense Technologies and PB Fintech is expected to make a positive impact on the broader fintech ecosystem, reinforcing both companies’ leadership and innovation agendas.
ShareChat, one of India’s premier social media platforms, has strengthened its leadership by appointing Neha Markanda as Chief Business Officer for both its flagship ShareChat platform and the popular short video app Moj. Markanda, previously Head of Industry, E-commerce at Google India, brings over 22 years of expertise across renowned companies like Meta, GSK Consumer Healthcare, PepsiCo, and ITC. At Google India, she led transformative strategies in e-commerce and health tech, ensuring market growth and technological innovation for global brands. Her proven track record uniquely positions her to drive ShareChat’s revenue strategy, business expansion, and partnerships with advertisers and regional stakeholders.
Markanda’s appointment comes at a pivotal time for ShareChat, which recently achieved profitability and has projected a robust ₹1,200 crore revenue run rate for the year. The platforms boast a combined monthly active user base of more than 325 million, making ShareChat and Moj essential tools for marketers seeking to increase engagement across India’s diverse regions. Markanda’s expertise is expected to further accelerate ShareChat’s business growth, opening doors for brand collaborations and hyper-targeted influencer campaigns, which can connect marketers to local audiences in a culturally relevant manner.
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