BUSINESS
More stability and clarity emerging in fintech regulation: CRED founder Kunal Shah
CRED will focus on leveraging its community and brand to make money through a slew of products, Shah said.
BUSINESS
Mu Sigma prevails in a David vs Goliath fight starring Lord Shiva
The lawsuit by American billionaire Patrick Ryan claimed that Dhiraj Rajaram’s devotion towards Lord Shiva influenced his business decisions.
BUSINESS
Google and Twitter-backed Sharechat sees shake-up as two founders step down
A week after laying off almost 600 employees, Sharechat CEO says in an internal note that co-founders Bhanu Pratap Singh and Farid Ahsan have stepped down from active roles. They will remain on the company's Board
BUSINESS
GoMechanic taps Cars24, Spinny for a distress sale
GoMechanic's latest funding round was called off last week following alleged misreporting of financials during due diligence, which the founders later admitted to.
BUSINESS
Davos 2023 | Going public is like adulthood, becoming a private unicorn is like teenage: Paytm's Vijay Shekhar Sharma
The Paytm founder’s message to investors is that the management is committed to creating a transparent, soundly governed, profitable, free cash generating company in the long term.
BUSINESS
Davos 2023: Mahindra Group's growth gems to touch billion-dollar mcap in 2-4 years, says MD & CEO Shah
India’s economy stands out as a bright spot in a world that looks poised for recession, says Shah.
BUSINESS
Tata Steel faced tough times in India in Q2FY23, in Europe in Q3: TV Narendran, MD
Narendran spoke to Moneycontrol’s Chandra Srikanth at Davos, discussing global supply shortages, steel demand, acquisitions and deleveraging plans.
BUSINESS
India, not China, model of growth is instructive for developing countries in Africa: Adam Tooze
On the sidelines of the World Economic Forum in Davos, economic historian Adam Tooze talks to Moneycontrol about a new version of globalisation, the threat of poly-crises, developmental models, and more
BUSINESS
Up to 30% of Mahindra & Mahindra vehicles will be electric by 2027, says Rajesh Jejurikar
He calls for government measures to drive consumption in rural India.
BUSINESS
Davos 2023: Looking at ReNew Power more for decarbonising now rather than for making clean electricity, MD Sumant Sinha says
When asked whether the incentives worth Rs 17,490 crore planned under the Green Hydrogen Mission in India will be enough to spur investments, Sinha said it might “not necessarily” do so.
BUSINESS
Davos 2023: Axis Bank's Amitabh Chaudhry says entrepreneurs have learnt they cannot take banks for a ride
Davos 2023: Chaudhry's comments are significant in the wake of huge corporate loan write-offs by Indian banks in the last five years.
BUSINESS
Davos Dispatch: Can India do a Yash Chopra for the World Economic Forum?
While the leaders of most G-7 countries have stayed away amid talk of gloom and doom, the India section tells a different story. From an imposing billboard of Prime Minister Modi to the beautifully done up India lounge to the orange bright Maharashtra lounge, it is a sight for sore eyes.
BUSINESS
TCS CEO Rajesh Gopinathan says there have been mindless purchases of cloud services
TCS’ CEO Gopinathan discusses aspects of mindless spending on the cloud during the pandemic-driven digital transformation demand spike. Cloud service was one of the key levers for deal wins in Q3.
BUSINESS
Budget 2023 | TCS chief Rajesh Gopinathan sees services sector happy, centred on government agenda
The TCS chief added the government has also been 'quite supportive' of the sector, through the pandemic, and in various FTA (Free trade agreement) negotiations.
BUSINESS
Unacademy's Relevel to layoff 40 more employees as it pivots from education biz to tests product app NextLevel
The latest round of layoffs and Relevel's move to shut down its core business further highlights the predicament of the job guarantee vertical, which was struggling since August last year
BUSINESS
Absolutely not: TCS CEO Rajesh Gopinathan on whether single-digit growth will be the new normal
In terms of growth rate, while TCS is expected to end FY23 with a growth rate of over 13%, analysts at Kotak expect a moderation in growth in FY24 to 8.1% amid an increasingly slowing demand environment.
BUSINESS
Level of tolerance between a disaster quarter and a great quarter is 50 basis points: TCS CEO Rajesh Gopinathan
In an interview with Moneycontrol, TCS CEO Rajesh Gopinathan reflected on his years as CFO and CEO presenting earnings, stating that the one thing that is very predictable is the intensity of each quarter.
BUSINESS
Macroeconomic pressure may slowdown two-wheeler demand but EV growth will continue to soar: Tarun Mehta, CEO Ather Energy
Macroeconomic conditions may slow two-wheeler demand but EV growth will continue to soar, says Mehta, adding that Ather won't fire three bullets to get one right but spend time to perfect its products one at a time.
BUSINESS
Layoffs are hard but we know our reality: Krish Subramanian, Chargebee Cofounder
In an interview with Moneycontrol, the Chargebee founder dismissed rumours of a down-round or strategic sale, saying the company is fully capitalised.
BUSINESS
Tiger Global-backed unicorn Moglix joins layoff league
With funding drying up, a number of companies, including the most well-funded, have laid off large numbers of employees since the beginning of 2022 impacting close to 20,000 staff, according to data compiled by Moneycontrol.
BUSINESS
Leaders in IT will continue to be leaders for quite some time: Infosys co-founder Kris Gopalakrishnan
Rajiv Gandhi's focus on technology was very important for India's development, says Infosys co-founder Kris Gopalakrishnan
BUSINESS
25,000 past and present Flipkart group employees likely to benefit from $700 million cash payout
The top 20 employees of Flipkart, the most senior and early staffers of the e-commerce giant, will be getting as much as $200 million out of the $700 million payout,
BUSINESS
Flipkart to buy back ESOPs worth $700 million as part of PhonePe hive off
The new share price of Flipkart has been determined at $165.83 per option (previously $189.1), excluding the value of PhonePe. The payout to employees will, however, be at US$43.67 per option, reflecting the increase in the market valuation of PhonePe.
BUSINESS
Steadview, Temasek in talks to invest $50-$60 million in smart fan maker Atomberg at a valuation of $350 million
Atomberg's potential fundraise comes at a time when funding to the country's startups has slowed by more than 70 percent over the last three quarters, with investors preferring to avoid high-growth, loss-making technology companies amid macroeconomic headwinds.
