BUSINESS
We selected the best man for the job, I’ve never felt more comfortable with the business as it is today: Quess Corp chairman Ajit Isaac
Of India’s 530 million workers, 230 million are in the farm workforce and the IT and e-commerce sectors account for just 10 million. So, the noise around The Great Resignation is disproportionate versus the larger problem of employment in MSMEs, migrant labour and non-farm labour, says staffing firm Quess Corp’s Chairman.
BUSINESS
Employees from smaller towns, cities will make up 20% of Tech M workforce in less than 2 years: CEO & MD CP Gurnani
Tech Mahindra is tapping the smaller cities for acquisition of talent to beat attrition
BUSINESS
Tata's digital ambitions to get supercharged by N Chandrasekaran’s extension as chairman
Tata Digital is eyeing a valuation of $20 billion and has begun early talks with investors, with an aim to double its Gross Merchandise Value from $3 billion in March 2022 to $7 billion next year.
BUSINESS
I don’t look at price of my house every day, markets will self-correct in long term: Freshworks CEO Girish Mathrubootham
It may have made a dream debut on the Nasdaq, but Freshworks stock has come under pressure.
BUSINESS
I am very happy that N Chandrasekaran's tenure has been extended, he richly deserves it: Infosys founder NR Narayana Murthy
Chandrasekaran is a highly respected and successful corporate leader in India. His tenure at both TCS and Tata Sons has been very lustrous, added Murthy.
BUSINESS
Quess Corp appoints Guruprasad Srinivasan as Group CEO after Suraj Moraje steps down
Quess Corp had brought Moraje as group CEO in November 2019 from McKinsey, where he was a senior partner and a leader in the firm's Asia TMT practice.
BUSINESS
PB Fintech founders to reduce stake through a $140-million block deal
The founders' cumulative stake will reduce to 8.01 percent on a fully diluted basis from 10.33 percent currently. The deal will be executed on February 11.
BUSINESS
Exclusive: Quess Corp Group CEO Suraj Moraje likely to step down
The markets seem to have already gotten a whiff of the development as the Quess Corp stock has come under pressure in the last few weeks.
BUSINESS
Polygon founders Jaynti Kanani & Sandeep Nailwal on why Ethereum will win, and on building an AWS for Web3
Polygon raised $450 million in its first institutional round from a marquee list of investors. Nailwal claims they could have raised $200 million more but decided to stop at $450 million
BUSINESS
Exclusive: CRED in talks to raise funding, eyes $6.5 bn valuation
In the last one and a half years, CRED has built a loan book of over Rs 2000 crore, likely with low defaults since it caters to highly credit-worthy customers.
BUSINESS
Budget 2022: A mixed bag for startups
Budget 2022: People in the startup ecosystem felt it was a mixed bag as it fell short of delivering on crucial reforms around foreign direct listing, taxation, and ESOPs.
BUSINESS
EXCLUSIVE | SoftBank-backed Delhivery may delay planned IPO amid choppy market conditions
Delhivery on November 2, 2021 filed its documents with the market regulator, seeking to raise a billion dollars in an initial public offering (IPO), at a valuation of around $6 billion.
BUSINESS
Exclusive: Amazon in talks to back Trell at $1 billion valuation
Trell’s monthly active users stand at 68 million, doubling year-on-year, while its commerce platform does 800,000 orders a month, burning about Rs 15 crore a month
BUSINESS
As tech stocks fall, investors wonder if the party is over
Indian technology stocks have followed their US peers, where shares of companies such as Robinhood, Lyft and Peloton have fallen sharply. Peloton, whose fitness bikes and treadmills became a pandemic favourite, has fallen over 80 percent.
BUSINESS
MakeMyTrip founder Deep Kalra moves from an executive role, will be group chairman and chief mentor
Kalra has steered MakeMyTrip since its inception in 2000, to a successful listing on Nasdaq in 2010. He is also a founding member of Ashoka University and IndiaTech.org, an industry body representing digital companies.
BUSINESS
Pine Labs CEO Amrish Rau, Jupiter founder Jitendra Gupta pair up to raise Rs 300 crore venture capital fund
Gupta and Rau have been among India’s most active angel investors, with over 100 companies backed between them. Their portfolio includes fintech CRED, gaming firm MPL, craft beer maker Bira, neobank Open and digital ledger Khatabook.
BUSINESS
Swiggy raises $700 million at $10.7 billion valuation as rival Zomato sees intense selloff
Swiggy is now the fourth decacorn, a privately-held firm valued at over $10 billion, to emerge from India after fintech Paytm, hotel aggregator Oyo and ed-tech firm Byju's
BUSINESS
Importance of large deals coming down: L&T Infotech CEO Sanjay Jalona
Companies are altering their fundamental way of operating because customers are changing their buying behaviour. The likelihood of large deals is less because there is a need to find out what has to change, says Jalona
BUSINESS
Behind the scenes - Why BharatPe’s board decided Ashneer Grover had to take leave of absence and what it really means
While BharatPe’s troubling work culture has been spoken about for the last two years, Grover is stepping down led by the furore over his words to a Kotak Mahindra employee for not getting allocation to Nykaa’s IPO.
BUSINESS
India’s startup and tech market has finally hit product market fit: Elevation Capital’s Mukul Arora
Arora, one of India's most influential internet investors, talks about new investing trends, the next big thing for startups, and why he is still betting on Vijay Shekhar Sharma
BUSINESS
Crypto is as centralised as the old world; 3-4 exchanges dominate: Nandan Nilekani
Web3 is not as decentralised as it’s made out to be – it’s just a new set of gatekeepers that’s replacing the old set. The three or four crypto exchanges that dominate the world also decide the rules of the game, says the Infosys cofounder and author of a new book called ‘The Art of Bitfulness.’
BUSINESS
Interview | Mindtree CEO Debashis Chatterjee: We are at an advantage, growth momentum will continue
“We never lost a client during the pandemic, and we stayed very close to our clients, so that when clients started the transformation work and reimagining their business models, we could help them in terms of the transformation. This is culminating in terms of where we are today,” he says.
BUSINESS
We have an active pipeline of companies in India for investments, acquisitions: Francisco D'Souza, co-founder, Recognize fund
D'Souza, the former CEO of Nasdaq-listed Cognizant said the tech services boom is here to stay and that the winners of the future are going to be the ones that can build amazing cultures and not necessarily the ones who can create demand.
BUSINESS
Former Cognizant CEO Francisco D'Souza teams up with industry veterans to launch Recognize, $1.3 Billion Growth Fund
Recognize has raised approximately $1.3 billion for its inaugural fund and has closed three platform investments with over 4,000 employees.
