BUSINESS
'Will have Ola cells in our scooters by early next year,' says founder Bhavish Aggarwal
While Sebi has greenlighted Ola Electric's DRHP, Aggarwal was non-committal on the timeline, adding that they are going through more steps.
TECHNOLOGY
'Have no policies like Foxconn': Ola founder Bhavish Aggarwal on hiring married women
Bhavish Aggarwal, founder and managing director of Ola said that the firm will continue to employ women workforce for its new facilities and said that the firm does not have any policy to not hire married women.
TECHNOLOGY
IndiaAI Mission: Govt expected to roll out GPU tender for AI infra in a fortnight
The Ministry of Electronics and Information Technology has decided to host the second edition of the Global Partnership on Artificial Intelligence (GPAI) from July 3-4.
TECHNOLOGY
Zepto raises $665 million at $3.6 billion valuation in biggest funding round this year
Sources said that DST Global, an early investor in Swiggy also participated in the round. Zepto founder Aadit Palicha told Moneycontrol that the funds will be used to enter new markets like Jaipur, Chandigarh, Ahmedabad and double its dark stores to 700 from the current 350.
TECHNOLOGY
Ronnie Screwvala keen to change how wealthy Indians give back to society
Swades Foundation, a non-profit run by the Screwvala family, has filed the draft papers to raise Rs 10 crore via the social stock exchange of NSE. The seasoned entrepreneur wants to attract high profile industrialists and celebs to the project
TECHNOLOGY
For Freshworks to scale and become a global company, things will have to change: CEO Dennis Woodside
Woodside, who took over the reins as CEO from founder Girish Mathrubootham a few weeks ago, said he is used to working in founder-driven companies. He said preserving company culture is one of his top priorities
TECHNOLOGY
I will be shattered if another billion dollars comes to education startups: Ronnie Screwvala
"Edtech was invented by the Byju's and the Unacademys of the world because they wanted to raise money. Today, if you want to go out and raise money, everyone will say Ed-AI," the Upgrad founder said.
TECHNOLOGY
Flipkart co-founder Binny Bansal advises startups to incorporate in India
The US was the default before the market opened up for tech IPOs (in India) but now it's clear that India is a great destination for tech IPOs, Bansal said.
TECHNOLOGY
Was a sceptic but now believe in quick commerce’s potential: Flipkart co-founder Binny Bansal
“I give a lot of credit to the people who are making it work. There was Amazon, Flipkart and other big companies, all of them were trying to do this (but) the people who figured it out are new founders," said Bansal.
BUSINESS
Nachiket Deshpande emerges as top contender for LTIMindtree CEO
He is tipped to succeed Debashis Chatterjee, the first CEO of the combined LTIMindtree post-merger, whose term ends in end of 2025. At present, Deshpande serves as the company’s chief operating officer (COO).
TECHNOLOGY
Budget may launch ghar wapsi scheme for Indian startups to flip to GIFT City
The government may later implement another policy to allow companies domiciled in GIFT City to list on Indian bourses such as BSE and the National Stock Exchange, sources said.
TECHNOLOGY
Zepto to raise $650 million at $3.5-billion valuation
Nexus and its LP StepStone will together lead the round by putting in a majority of the total $650 million, sources said.
BUSINESS
AI today is absolutely at the forefront of marketing, says Infosys CMO Sumit Virmani
Sumit Virmani believes that Gen AI is going to be a true game-changer and “marketeers” who embrace it in a responsible way.
TECHNOLOGY
With 15.4 million developers, India is growing faster than the US for GitHub: CEO Thomas Dohmke
GitHub CEO Thomas Dohmke expects India to surpass the United States as the largest developer community on the Microsoft-owned developer platform by 2027
TECHNOLOGY
AI will not replace developers, will instead create more work: GitHub CEO Thomas Dohmke
Microsoft-owned developer platform GitHub had over 15.4 million developers in India as of May 2024, registering a 33 percent growth year-on-year. India is growing faster than the United States, says Thomas Dohmke in an interview with Moneycontrol.
TECHNOLOGY
Ola Electric gets Sebi approval for Rs 7,250-crore IPO
Ola Electric filed its draft red herring prospectus (DRHP) with the markets regulator on December 22.
TECHNOLOGY
Flipkart closes $950 million round with Google's $350 million at a valuation of $36 billion
Capital from the primary round will be used to double down on quick commerce apart from investing in verticals like travel (Cleartrip) and Shopsy, sources said.
TECHNOLOGY
Google to partner with Foxconn to manufacture Pixel smartphones in Tamil Nadu
Google parent Alphabet will also start manufacturing drones through its subsidiary Wing LLC in the state
BUSINESS
Indians are good at applying ideas generated elsewhere: Infosys founder Narayana Murthy
Murthy urged youngsters to have role models and we will be able to “invent new things”.
TECHNOLOGY
Ola Cabs CFO Karthik Gupta steps down seven months after taking charge
Before joining Ola, Gupta worked as the vice president and regional CFO of Asia Pacific, Middle East and Africa of Procter and Gamble for nearly 17 years.
TECHNOLOGY
Human mind most powerful instrument invented by God: Narayana Murthy on AI replacing coders
Murthy said that the concern about job loss should be replaced by discussions, debates, and thinking on how AI, generative AI, large language models, and other such nascent technologies could be used as assistive tools to make human beings even more productive.
TECHNOLOGY
Tame that wonderful beast and make it an assistive tool: Narayana Murthy dispels AI fears
"I am a confirmed optimist regarding the role of technology in general and specifically in AI. All of this will happen only if we are smart enough to tame that beast and make it an assistive tool," says Murthy
TECHNOLOGY
Porter quietly turns unicorn, closes internal round at $1 billion valuation
This is Porter's second friends and family round in a span of about a year. In the January-March quarter of 2023, the company sold shares worth Rs 7-8 crore to friends and family at a valuation of $700 million.
TECHNOLOGY
SoftBank plans to invest in Indian data centres, industrial robotics as part of AI play
The Japanese technology major is evaluating deals in data centre and industrial robotics and could look at investing $75-150 million per deal once these discussions fructify
