The Fintech sector's turmoil, Mishthi Aggarwal's rebellion, the effects of low voter turnout in Lok Sabha elections, and Karthik Reddy's investment strategies are some of the stories that piqued the interest of our readers this week
1) Blockbuster runIn 1989, Tata Motors created an arm to outsource engineering and IT work. This unit was made into a subsidiary in 1994 and was named Core Software Systems. It still served Tata's automobile company exclusively. In 2001, the subsidiary became Tata Technologies, and in 2005, the acquisition of INCAT International changed the game. It brought marquee customers to the company and also its current CEO Warren Harris into the fold. The company's efforts have always been about pushing the boundaries of innovation, and it has made it into a global engineering research and development powerhouse. Here's how Harris is eyeing new sectors to conquer and continue the blockbuster run.2) The fintech turmoilIn recent months, fintechs have come under more scrutiny as the Reserve Bank of India (RBI) has sought to curb data security breaches, fraud and money laundering. Big names are making headlines for trading in murky waters. For example, Paytm (problems with Paytm Payments India Ltd) and BharatPe (governance and embezzlement accusations made by Ashneer Grover). The need for governance is highlighted because of these situations, but finance industry experts believe that fintech is here to stay. Here's what the fintech organisations need to do to avoid the turmoil.3) Elections and marketsThe fifth phase of Lok Sabha elections polling is upon us. India's finance capital, Mumbai, will be voting on May 20 to seal the fate of six constituencies for the next five years. The campaigns from all the candidates are about to reach the summit, but there are also concerning murmurs about low voter turnout in previous polling phases. Everyone is urging voters to step out and be counted, from party workers on the ground to the star campaigners on the dias. This anxiety is also seeping into the share market's performance. It faced some jolts these past few weeks. But is this restlessness around the fast-approaching election outcome too much ado about nothing? Let's find out.