Housing.com fires maverick CEO Rahul Yadav

July 1, 2015

New Delhi, Jul 1: Realty portal Housing.com's board today sacked its CEO and co-founder Rahul Yadav with immediate effect, saying that his behaviour towards investors and media was not "befitting" of a CEO.

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Yadav will not be an employee or part of the SoftBank backed portal in any manner, the company said.

"Housing.com has released its CEO Rahul Yadav, with immediate effect, after a regular board meeting, held earlier today," it said in a statement.

"Yadav who is also the co-founder of the company, will no longer be an employee of Housing and be associated with the company in any manner, going forward," it added.

The board, unanimously agreed to bring Yadav's tenure to a close, with reference to "his behaviour towards investors, ecosystem and the media".

"The Board believed that his behaviour is not befitting of a CEO and is detrimental to the company, known for its innovative approach to product development, market expansion and brand building," the statement said.

Yadav has been in the thick of a controversy after he put in his papers questioning the intellectual capability of his company's board. Later, he apologised to the members.

Last month, he hogged the limelight again when he gave away all his holding, worth about Rs 200 crore, in the company to the employees.

In December, Housing.Com had raised USD 90 million through private equity infusion from SoftBank Group along with Falcon Edge and other existing investors.

While the search for an interim CEO is underway, Housing.com said, a transition plan has been put in place.

"The current senior executives of Housing will continue to run the operations on a daily basis, and ensure its continued smooth functioning. The Board and the Operating Committee will remain closely involved with all key decisions," it said.

The board, investors, management team and employees are keen to see Housing maximise its huge potential in India and beyond, as well as run in professional and world class manner, the company said.

The Board thanked Yadav for his contributions and wished him well, for his future endeavours.

Within two years of its founding, the company expanded from its original rent and resale proposition to include PGs and hostels, serviced apartments, land, plot projects, and new projects.

Housing.com has more than 2,551 employees in over 100 cities across India.

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coastaldigest.com news network
March 3,2025

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In a significant policy shift, the central government has amended the passport application process, making birth certificates the sole valid proof of date of birth for individuals born on or after October 1, 2023. This move aims to streamline documentation and ensure uniformity in age verification.

Mandatory Birth Certificate for New Applicants

The new rule, announced last week as part of the amended Passport Rules, will take effect after its publication in the official Gazette. As per a notification dated February 24, the Ministry of External Affairs has revised the requirements for submitting proof of date of birth when applying for a passport.

For individuals born on or after October 1, 2023, only birth certificates issued by the Municipal Corporation, the Registrar of Births and Deaths, or any other authorized body under the Registration of Births and Deaths Act, 1969, will be accepted as valid proof of date of birth.

However, those born before this date can continue to submit alternative documents, including school transfer certificates, matriculation certificates, PAN cards, driving licenses, or extracts from service records.

Changes in Residential Information

To enhance privacy, applicants’ residential addresses will no longer be printed on the final page of passports. Instead, immigration officers will retrieve this information by scanning an embedded barcode.

New Colour-Coded Passports

The government has also introduced a colour-coding system for passports:

  • White passports for government officials
  • Red passports for diplomats
  • Blue passports for ordinary citizens

Parental Information No Longer Required

Another major change is the removal of parents' names from the last page of the passport. This revision is aimed at protecting personal information, particularly for individuals from separated or split families.

Expansion of Passport Seva Kendras

To enhance accessibility, the government plans to increase the number of Post Office Passport Seva Kendras (POPSKs) from 442 to 600 over the next five years. The Department of Posts and the Ministry of External Affairs (MEA) have extended their Memorandum of Understanding (MoU) to facilitate this expansion, ensuring continued passport services at POPSKs.

Officials noted that passport rules regarding date of birth had not been updated for a long time, largely because many rural residents lacked birth certificates. However, with stricter enforcement of the Registration of Births and Deaths Act, 1969, birth certificates have now become the only recognized proof for those born after October 1, 2023.

These sweeping changes mark a significant update in India’s passport application process, reinforcing security, privacy, and efficiency in document verification.

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Media Release
March 14,2025

Thiruvananthapuram/Kochi: Tushar Gandhi, the great-grandson of Mahatma Gandhi, on Friday said that he will neither retract his recent statements against the RSS and BJP nor will he apologise for them, while the two saffron outfits demanded that he be arrested for his remarks.

Gandhi, during the recent unveiling of a statue of the late Gandhian P Gopinathan Nair at Neyyattinkara in Thiruvananthapuram, had referred to the BJP and RSS as "dangerous and insidious enemies" who have entered Kerala.

He had also termed the RSS as "poison", following which BJP-RSS workers shouted slogans and blocked his car.

On Friday, speaking at an event in Aluva near Kochi, Gandhi said that once he said "those things", he does not believe in retracting them or apologising for them.

"What this incident has done is strengthen my resolve to continue to expose the traitors. This is a fight which is even more essential than the freedom fight. We have a common enemy now, the Sangh. They must be exposed," he said.

He also said that he was worried that "the descendants of my great grandfather's murderers" will go to Mahatma Gandhi's statue and fire bullets at it "as they are habituated to do".

The BJP hit back at him by saying that he is just someone who was "by default" born as a descendant of Mahatma Gandhi and has been trying to "monetise" his great grandfather's name.

Former Union Minister of State and BJP leader V Muraleedharan alleged that Tushar Gandhi has been for several years trying to "monetise" Mahatma Gandhi's name.

Muraleedharan, speaking at a BJP protest against Tushar Gandhi at Neyyattinkara, further said that those who invited him for the statue unveiling probably were not aware of his background.

He further said that just because Tushar has the Gandhi name, it does not entitle him to the same respect or honour reserved for the Father of the Nation.

He demanded that Tushar Gandhi be arrested for his statements based on the BJP's complaint.

The BJP leader also criticised the Pinarayi Vijayan government for arresting five RSS-BJP workers a day ago for raising slogans against Mahatma Gandhi's grandson.

A case was registered against the five people under Sections 189(2), 191(2), 190, and 126(2) of the Bharatiya Nyaya Sanhita (BNS) on charges of unlawful assembly, rioting, and wrongful restraint.

According to the police, a small group of people, allegedly linked to the Sangh Parivar, raised slogans against Tushar Gandhi at the end of a function he attended at Neyyattinkara on Wednesday evening.

Vijayan had strongly condemned the alleged "Sangh Parivar attack" on Tushar Gandhi, stating that actions that suppress freedom of expression cannot be allowed in a democratic society.

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News Network
March 15,2025

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The US Department of Homeland Security (DHS) has confirmed that Ranjani Srinivasan, an Indian doctoral student at Columbia University, has voluntarily left the United States after her visa was revoked over alleged support for Hamas, the democratically elected party in Gaza.

Srinivasan, a PhD student in Urban Planning, was in the US on an F-1 student visa. The US Department of State revoked her visa on March 5, 2025, citing security concerns related to her alleged involvement in activities supporting Hamas. On March 11, 2025, she self-deported using the CBP Home App, with officials confirming video footage of her departure.

US Homeland Security's Response

Secretary of Homeland Security Kristi Noem emphasized that studying in the US on a visa is a privilege, which can be revoked if an individual is found to support violence and terrorism. She stated that such individuals should not be permitted to stay in the country.

Srinivasan’s Academic Background

Srinivasan’s academic credentials include:

  • M.Phil in Urban Planning – Columbia University (GSAPP)
  • Master’s in Design – Harvard University (Graduate School of Design)
  • Bachelor of Design (B.Des.) – CEPT University, India
  • Her research focuses on land-labor relations in India’s peri-urban areas, with academic interests in political economy, land politics, and labor sociology.

'Security Concerns'

Her case has gained attention amid increased US government scrutiny of individuals and organizations allegedly supporting Hamas. Visa revocations for security reasons have become more frequent, reflecting the government's strict stance on national security and immigration policies.

Srinivasan’s self-deportation highlights the US government’s ongoing efforts to enforce visa regulations and prevent individuals it considers a security threat from remaining in the country.

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