Moneycontrol PRO
you are here: HomeAuthor

Chandra R Srikanth

Editor- Tech, Startups, And New Economy

Moneycontrol

Fairfax fully committed to Bengaluru airport investment, says BIAL CEO Hari Marar

BUSINESS

Fairfax fully committed to Bengaluru airport investment, says BIAL CEO Hari Marar

Retained earnings reinvested in airport development; dividends distributed only twice in the last 15 years, says BIAL CEO Hari Marar

MC Exclusive: Bengaluru airport's Terminal 2 to handle all international flight operations from September 1

BUSINESS

MC Exclusive: Bengaluru airport's Terminal 2 to handle all international flight operations from September 1

Bengaluru airport aims to be the gateway, not just for South India, but for the entire country, says BIAL CEO Hari Marar.

MC Interview | Global profit-sharing agreement dissolved, will double down on India: Peak XV's Shailendra Singh

BUSINESS

MC Interview | Global profit-sharing agreement dissolved, will double down on India: Peak XV's Shailendra Singh

The profit pooling with Sequoia US will cease to exist post the rebranding. Peak XV will also likely enter the US to help Indian startups expand in the country, an indication that the India division will be run completely independent of Sequoia US.

Ola Electric picks Stan Chart veteran Topsy Mathew as corporate finance head ahead of IPO

BUSINESS

Ola Electric picks Stan Chart veteran Topsy Mathew as corporate finance head ahead of IPO

Mathew, who was the managing director at Standard Chartered India Bank, will oversee the EV two-wheeler firm’s finance operations as the start-up looks to launch an IPO in 2024

WestBridge Capital buys majority stake in Tamil Nadu-based Kovai Pazhamudhir Nilayam

BUSINESS

WestBridge Capital buys majority stake in Tamil Nadu-based Kovai Pazhamudhir Nilayam

The deal values KPN at Rs 800 crore, with WestBridge picking up a nearly 70 percent stake in an all-cash deal for about Rs 550-600 crore

Puneet Chandok may join Microsoft after leaving Amazon Web Services

COMPANIES

Puneet Chandok may join Microsoft after leaving Amazon Web Services

“He (Chandok) has sounded off people internally that he is joining ‘competition.’ Talks of him joining Microsoft have been doing the rounds for the last few months,” one of the sources cited said.

Affable, execution-focussed, empathetic: Meet K Krithivasan, who takes charge of TCS today

BUSINESS

Affable, execution-focussed, empathetic: Meet K Krithivasan, who takes charge of TCS today

As he settles into his new role at the corner office, the new TCS chief executive will have to focus on ensuring growth in key markets such as the US and Europe, and striking the right balance between growth-focused large deal wins and small/ mid-sized deals, say analysts.

Ola Electric taps Kotak, Goldman Sachs for IPO, likely to hit market in early 2024

BUSINESS

Ola Electric taps Kotak, Goldman Sachs for IPO, likely to hit market in early 2024

Kotak Mahindra Capital and Goldman Sachs are currently in advanced talks to be selected as financial advisors, with Kotak closely collaborating with the startup to determine the IPO's structure

Infosys unveils AI-first offering Topaz, sees huge interest from clients

BUSINESS

Infosys unveils AI-first offering Topaz, sees huge interest from clients

Infosys’ efforts in AI come a time when technology demand is slowing down in its major markets such as the US and Europe.

TCS bags Rs 15,000-crore BSNL deal to deploy 4G network across India

BUSINESS

TCS bags Rs 15,000-crore BSNL deal to deploy 4G network across India

The TCS-led consortium which bagged the deal also include Tata Group's telecom gear maker Tejas Networks.

Top VCs meet in Bengaluru, discuss investment strategies, corporate governance lapses at Indian startups

BUSINESS

Top VCs meet in Bengaluru, discuss investment strategies, corporate governance lapses at Indian startups

VCs engaged in conversations centred around the state of corporate governance matters within Indian startups and explored strategies for early-stage VC firms to implement effective checks that promote adherence to unquestionable business practices

ZestMoney to stop insurance biz, affiliate programmes as it charts revival plan

BUSINESS

ZestMoney to stop insurance biz, affiliate programmes as it charts revival plan

Chapman explained how it was critical for fintech businesses to diversify and have different offerings amid rising competition in the space over the last two years. But she said that most of these companies realised that the core lending business is usually the most profitable.

MC Interview: We played a good game, we have no regrets, Co-founder Lizzie Chapman after resigning as ZestMoney CEO

BUSINESS

MC Interview: We played a good game, we have no regrets, Co-founder Lizzie Chapman after resigning as ZestMoney CEO

As part of its revival efforts, ZestMoney will shut down its insurance business and affiliate programmes and will shift majority of its focus towards its core business of lending and EMI for consumer goods.

Byju’s raises $250 million from US investment firm Davidson Kempner

BUSINESS

Byju’s raises $250 million from US investment firm Davidson Kempner

Moneycontrol reported earlier this week that the edtech firm was looking to raise $1 billion in a mix of equity and structured instruments via US-based asset management companies and Middle East-based sovereign funds. Of the $1 billion, about $300 million would be raised through structured instruments, with the rest coming as equity at a flat $22 billion valuation

Betterment of both Karnatakas, urban and rural, as important as just Bengaluru: NR Narayana Murthy

ASSEMBLY-ELECTIONS

Betterment of both Karnatakas, urban and rural, as important as just Bengaluru: NR Narayana Murthy

NR Narayana Murthy and Sudha Murty stressed on people getting out to vote, particularly youngsters.

Byju's on the boil with plans to raise $1 billion even as startups freeze in funding winter

BUSINESS

Byju's on the boil with plans to raise $1 billion even as startups freeze in funding winter

Around $700 million of the $1 billion funding round will be raised through equity, and one of the three Middle East-based sovereign funds is in advanced talks to lead the round

VCs in wait-and-watch mode as startups brace for second-order impact of ED searches at Byju’s offices

BUSINESS

VCs in wait-and-watch mode as startups brace for second-order impact of ED searches at Byju’s offices

Since the ED has not filed any direct allegation against the company, shareholders may not be immediately worried. “But the fact that founder and CEO Byju Raveendran is evasive is worrying. That raises questions. Is he hiding something? This might be concerning them,” said an investor

Dailyhunt and Josh parent VerSe reverses pay cuts, expands ESOP pool

BUSINESS

Dailyhunt and Josh parent VerSe reverses pay cuts, expands ESOP pool

The company, which also laid off about 150 employees in November, had announced salary cuts of up to 11 percent for employees earning more than Rs 10 lakh amid worsening macroeconomic headwinds.

PhonePe raises another $100 million from General Atlantic, others

BUSINESS

PhonePe raises another $100 million from General Atlantic, others

In January, PhonePe announced raising $1 billion in tranches at a valuation of $12 billion. Since then, the fintech unicorn has raised $350 million from General Atlantic, $100 million from Tiger Global Management, Ribbit Capital and TVS Capital, and $200 million from its largest shareholder--Walmart

UK First Lady Akshata Murty sits with family for Padma awards ceremony, later moved to front row

TRENDS

UK First Lady Akshata Murty sits with family for Padma awards ceremony, later moved to front row

Akshata Murty was initially seated in the middle rows with her family. She was later moved to the front row and seated beside Foreign Minister S Jaishankar, as per protocol.

We need to chart our own destiny: PhonePe's Sameer Nigam on ecommerce foray, competing with Flipkart

BUSINESS

We need to chart our own destiny: PhonePe's Sameer Nigam on ecommerce foray, competing with Flipkart

On the sidelines of the launch of Pincode, PhonePe co-founder Sameer Nigam talks about the e-commerce foray, plans with lending, why the acquisition of ZestMoney and more.

PhonePe kicks off digital lending pilots, may apply for NBFC licence: Co-founder and CEO Sameer Nigam

BUSINESS

PhonePe kicks off digital lending pilots, may apply for NBFC licence: Co-founder and CEO Sameer Nigam

PhonePe’s digital lending forays come on the heels of its massive $1 billion fundraise that it announced earlier this year at a $12 billion valuation, which made it India’s most-valued fintech startup

PhonePe's due diligence on ZestMoney was unsatisfactory: Sameer Nigam on deal collapse

BUSINESS

PhonePe's due diligence on ZestMoney was unsatisfactory: Sameer Nigam on deal collapse

Nigam’s comments on the ZestMoney deal falling through were the first official acceptance of the acquisition deal by PhonePe, which it was evaluating since last year and was first reported in November 2022. Both PhonePe, and ZestMoney had stayed away from commenting on it officially

Byju's picks up Vedanta's Ajay Goel as CFO amid delay in filing FY22 results

BUSINESS

Byju's picks up Vedanta's Ajay Goel as CFO amid delay in filing FY22 results

Byju's previous CFO PV Rao quit in December 2021 and Goel's appointment comes 16 months later, people aware of the matter told Moneycontrol. Goel was the Group Deputy CFO of Anil Agarwal's Vedanta Resources.