Earlier today, the Union Home Ministry had handed over the investigation in the mater to NIA. The case was being investigated by the Maharashtra Anti-Terrorism Squad (ATS) earlier.

The group that prides itself on ethics, highest standards of corporate governance and social change, has a lot of explaining to do for the issues raised to contain further reputational damage.

It has also started in the country a Microsoft Ventures project, which is a global initiative to help entrepreneurs build companies. Microsoft works with start-ups at every stage of maturity to provide the tools, resources and expertise they need.

A happy Microsoft has now awarded Mohan a global responsibility. From July, he will relocate from Bangalore where he now lives to Redmond, the company's headquarters in the US; he will help set up and boost Microsoft Ventures's presence in the country.

Currently making Rs 4 lakh in revenues per month, TommyJams wants to pull up to an ambitious million dollars per annum in a year or two. It is also shaping up to go global.

The company has garnered sales of Rs 1.9 lakh since the product's commercial launch in January this year. Lumos is trying to increase sales by tying up with employee rewards companies and listing on Snapdeal.

Mukund Mohan, Director, Microsoft Ventures India says in a slowdown, tech start-ups may be best placed to overcome their biggest challenge-hiring good talent.

Gateways need to make adjustments to cater to new modes of online payments, and start-ups have been quick off the mark doing so.

Mukund Mohan, CEO-in-residence, Microsoft Accelerator, speaks about how the programme helps start-ups incubated under it.

The four-month programme mentors start-ups in areas such as product development, engagement with early adopters and marketing. In all, nine start-ups were mentored by various experts including angel investors. 

Mukund Mohan: A dream mentor for entrepreneurs