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Zoho Founder Sridhar Vembu Clears Air on Taxes, Data Storage and Arattai App

The spotlight is back on Zoho founder Sridhar Vembu after he addressed widespread misinformation regarding the company’s operations, data storage, and tax practices. In a detailed statement shared on social media, Vembu reaffirmed Zoho’s position as a “Made in India, Made for the World” company while clarifying doubts about its global business practices.

Taxes and global income

In his post, Zoho founder Sridhar Vembu emphasized that all Zoho products are developed in India and the company pays taxes on its global income within India. He highlighted that Chennai serves as the company’s global headquarters, while its operations span over 80 countries, including a significant presence in the United States.

“All our products are developed in India, our global headquarters is in Chennai, and we pay taxes in India on our global income,” Vembu wrote. This direct clarification comes after online speculation suggested Zoho may have been shifting operations and profits abroad.

Data storage transparency

One of the biggest concerns circulating online was related to customer data and privacy. Vembu addressed this directly, assuring users that data is stored in the country of origin. For Indian users, data is hosted domestically across data centers in Mumbai, Delhi, and Chennai, with plans to expand to Odisha.

Globally, Zoho operates more than 18 data centers, each dedicated to the country or region it serves. According to Zoho founder Sridhar Vembu, this policy ensures compliance with jurisdictional requirements and reinforces trust in the company’s operations.

Independent infrastructure, no reliance on big tech

Vembu also explained that Zoho runs its services entirely on company-owned hardware and frameworks developed in-house. The firm relies on open-source technologies like Linux OS and Postgres databases, making it independent of global cloud giants such as AWS, Azure, or Google Cloud.

This approach, according to Zoho founder Sridhar Vembu, allows Zoho to maintain greater control over security, data privacy, and innovation.

Zoho Arattai app clarification

Addressing rumors about the Zoho Arattai app, Vembu confirmed that the messaging platform is self-hosted, with only minimal external switching services used to improve speed. Crucially, no user data is stored outside Zoho servers.

The Zoho Arattai app has been gaining popularity as a “Made in India” alternative to global messaging platforms, with growing government and public support. Union Minister Piyush Goyal recently praised the app, noting: “Nothing beats the feeling of using a Swadeshi product. So proud to be on Arattai, a Made in India messaging platform that brings India closer.”

This endorsement has helped boost confidence in the Zoho Arattai app, positioning it as a credible homegrown competitor in the messaging space.

Clarifying app store listings

Some misinformation also stemmed from the fact that Zoho developer accounts on the Apple App Store and Google Play Store displayed U.S. addresses. Vembu explained that these accounts were originally created by a U.S.-based employee for testing purposes and were never updated, dismissing suggestions of overseas ownership.

Government support for Zoho

The Indian government has openly supported Zoho’s initiatives. Alongside Piyush Goyal’s endorsement of the Zoho Arattai app, Finance Minister Nirmala Sitharaman recently met with Vembu as part of the government’s drive to promote homegrown companies and strengthen India’s digital ecosystem.

For Zoho founder Sridhar Vembu, this recognition not only highlights Zoho’s contributions to India’s tech sector but also reflects a broader push for indigenous innovation.

For more updates on Indian startups, IPOs, and business insights, visit Startup News

by Sameera

Mortgage Market Sees Subtle Uptick Amid Economic Uncertainty The UK mortgage market is showing signs of renewed caution as average rates inched up for the first time since February, according to a new analysis by Moneyfacts. The data reveals that the average two-year fixed mortgage rate rose to 4.98%, while the five-year average climbed slightly to 5.02%, marking a 0.02 percentage point increase month-on-month. Although this rise appears modest, it signals a shift in sentiment among lenders, who are now treading carefully ahead of the autumn and winter economic period. The increase follows months of declining rates that had provided a brief reprieve for homeowners and first-time buyers navigating the UK’s ongoing cost-of-living crisis. Why Mortgage Rates Are Rising Again Analysts suggest that the Bank of England’s base rate outlook is driving the recent caution. Despite speculation earlier this year that rate cuts could arrive by late 2025, many economists now expect a prolonged hold — or even minor increases — as inflation remains above the central bank’s target. “Volatile swap rates and a cautionary approach among lenders have led to an abrupt halt in consecutive monthly average rate falls,” said Rachel Springall of Moneyfacts. Swap rates, which reflect market expectations of future interest rate movements, have been fluctuating, leading banks and building societies to reassess their lending strategies. Simon Gammon, Managing Partner at Knight Frank Finance, added: “This is unlikely to mark the start of a sustained rise in borrowing costs, but rather a prolonged plateau while the outlook becomes clearer.” The Broader Mortgage Landscape in October 2025 Currently, more than 80% of UK mortgage holders are on fixed-rate deals, insulating them from immediate changes in interest rates. However, as many of these deals expire in the next 12 to 24 months, borrowers will face higher repayment costs when refinancing. Compared to two years ago, when the average two-year mortgage rate stood at 6.67%, the current figures are still significantly lower. Yet, for homeowners accustomed to ultra-low rates during the 2010s, today’s levels remain a financial strain — especially with rising food, energy, and housing costs eroding household budgets. The small uptick has also affected first-time buyers, many of whom were hoping for a further dip before entering the property market. Industry experts advise buyers to seek independent mortgage advice to avoid rushing into deals amid market speculation and the approaching November Budget. What to Expect in the Coming Months As the UK heads toward Chancellor Rachel Reeves’s November Budget, speculation continues about whether any housing or tax relief measures will be introduced to offset financial pressures. The Institute for Fiscal Studies (IFS) has cautioned the government against “directionless tinkering,” urging a strategic approach to balance tax revenues with household relief. For now, most analysts expect mortgage rates to hover around current levels through the end of 2025, with gradual adjustments depending on inflation data, employment trends, and the Bank of England’s monetary stance. Borrowers nearing the end of fixed-rate terms are advised to: Homeowners and Lenders Adopting a …

by Sameera

In a major development for auto safety, Ford recall steering shaft issues have prompted the automaker to pull back more than 14,000 vehicles across Canada. The recall affects several heavy-duty truck models manufactured in 2020, raising concerns among owners about potential steering control failures. What triggered the Ford recall steering shaft issue? According to Transport Canada, certain Ford vehicles may experience a separation of the upper steering shaft. This defect could cause a sudden loss of steering control, significantly increasing the risk of accidents. The affected vehicles include: In total, 14,125 vehicles are part of the Ford recall steering shaft campaign. Why the recall matters Steering system failures are among the most serious defects an automaker can face. A compromised steering shaft can lead to dangerous driving conditions, particularly on highways or while towing heavy loads—common uses for Ford’s Super Duty trucks. By issuing the Ford recall steering shaft notice, the company and Canadian regulators aim to prevent possible crashes and safeguard drivers, passengers, and other road users. How Ford is responding Ford has confirmed that it will notify all affected owners by mail. Customers will be instructed to bring their vehicles to authorized dealerships, where mechanics will inspect the steering shaft and either replace or repair the component if necessary. This proactive step reflects Ford’s broader strategy to maintain trust among truck owners who rely heavily on Super Duty models for commercial and personal use. The company emphasized that the Ford recall steering shaft campaign is being handled with urgency to minimize safety risks. Impact on Canadian truck owners For many Canadian businesses and individual owners, Ford Super Duty trucks are a backbone of daily operations. The recall could cause short-term inconvenience, as vehicles may be out of service during inspection and repair. However, Ford has reassured owners that dealerships will complete the work free of charge. Auto experts note that recalls like the Ford recall steering shaft highlight the importance of timely maintenance and communication between automakers and consumers. By responding quickly, affected drivers can reduce potential hazards and avoid complications that arise from steering malfunctions. Broader industry implications The Ford recall steering shaft adds to a series of recalls across the global automotive sector in 2025, where safety regulators have become increasingly vigilant about vehicle performance issues. Steering-related recalls are particularly sensitive, as they involve core driver control systems. For Ford, the recall could serve as a reminder of the need for rigorous quality checks, especially in high-demand segments like heavy-duty trucks. Despite the setback, analysts suggest that the company’s swift action may limit long-term brand damage. Advice for affected owners If you own a 2020 Ford Super Duty truck, here’s what you should do immediately: Stay informed on the latest auto recalls, IPO updates, and startup stories at Startup News.

by Sameera

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