BUSINESS
Cognizant had to let go of business because it couldn't hire talent
The company said its revenue growth could have been higher but lost out due to a shortage of talent.
BUSINESS
Loans, children's education, mental health: India Inc hand holds employees through COVID-19 second wave
How India Inc is stepping up efforts to support employees and their families as India battles the second wave of COVID-19
TRENDS
Accel's Prashanth Prakash appointed advisor to Karnataka Chief Minister BS Yeddiyurappa
Prakash, who is one of the founding partners of Accel India is also the chairman of Karnataka's Vision Group for Startups.
BUSINESS
A pitch on a turbulent flight: How BigBasket got its Series A funding
How BigBasket secured its first cheque from an institutional investor, and the series of serendipitous events that led to its creation in 2011
TRENDS
The cold email that shaped Zomato's destiny
Zomato IPO: More than a decade ago, the food delivery company's founder Deepinder Goyal received an email that would change his destiny and that of the sender, Sanjeev Bikhchandani of Info Edge.
BUSINESS
Tata gets nod to acquire BigBasket
Tata Digital will acquire up to 64.3 percent of Supermarket Grocery Supplies and its sole control over Innovative Retail Concepts that runs BigBasket.
BUSINESS
Zomato IPO: Food delivery platform aims to raise Rs 8,250 crore, Info Edge will sell a part of its investment
Food delivery app Zomato has placed an IPO order with the Securities and Exchange Board of India.
TRENDS
Don't hoard, etailers say as Karnataka goes into lockdown tonight
With COVID-19 cases spiralling, the state government announced a 14-day lockdown in a bid to contain the spread of infection, even as the healthcare infrastructure is coming under severe strain.
BUSINESS
Retweets, Bitcoins and Ether: How the global crypto community is raising funds for India to fight Covid19
Srinivasan has also used Twitter's RT (Retweet) function to great effect, using it to raise awareness and get people to pitch in. For instance, he tweeted that for every RT, he will donate another $50, up to $100,000, to help fight Covid in India.
BUSINESS
Startup community stands up for India: A list of projects you can contribute to
Do you want to help India deal with the COVID-19 second wave, from home? This is what some of India's startups and investors are doing, and you can contribute too.
BUSINESS
IPO bound Zomato expands board, inducts 4 women directors
It raised $250 million in its pre-IPO primary fundraise a couple of months ago at a valuation of $5.4 Billion from investors such as Kora Management, Tiger Global, Fidelity, Dragoneer, and Bow Wave.
BUSINESS
Zomato IPO: Food delivery platform likely to file DRHP today
Deepinder Goyal-led company's internal review of the IPO and other processes was completed on Thursday.
STARTUP
Ola Electric to set up 1 lakh charging stations in 5 years, to invest $2 billion with partners
In an interview with Moneycontrol, Ola chairman and group CEO Bhavish Aggarwal said this would solve one of the key barriers in EV adoption: range anxiety.
BUSINESS
The darkest hour is just before dawn. India will emerge stronger: TeamLease chief Manish Sabharwal
Covid is not climate change; it is a passing shower that may see some recurrences. There have been huge reforms in labour, education and banking and these policy reforms will change the trajectory of India, says the Chairman of HR services firm TeamLease.
BUSINESS
Chargebee raises $125 Mn at a valuation of $1.4 Bn, enters unicorn club
The latest round of fundraising makes Chargebee the 11th unicorn to emerge from India in just four months of 2021, compared to 11 unicorns in all of 2020, underscoring the high investor interest.
TRENDS
Co-Win Platform Ready For New Govt Vaccination Drive From May 1: RS Sharma
RS Sharma, CEO, National Health Authority, says people will be able to register as per the new vaccination drive that allows all people aged 18 and above to get vaccine doses.
BUSINESS
Druva raises $147 million at a valuation of over $2 billion. Here's why it chose not to raise a higher sum
The accelerated shift to digital post-pandemic has helped Druva as it saw rising volumes of stored, rapid adoption of cloud, and deployment of SaaS applications.
BUSINESS
We will have an abundant supply of Remdesivir by the second week of May: Biocon chief Kiran Mazumdar Shaw
Biocon Executive Chairperson Kiran Mazumdar Shaw says scarcity of critical anti-COVID-19 drugs Remdesivir and Itolizumab will end in 4-6 weeks as suppliers like her own company ramp up output that fell when the pandemic was receding. She said market pricing of vaccines is a must for the much-needed acceleration in inoculation.
BUSINESS
Double-digit growth with profitability is the focus in FY22: Mindtree CEO
The strategy is in execution mode right now and we are seeing very good traction in terms of the deals that we are winning — not only new logos, but also in existing accounts, where we are able to mine those accounts by cross-selling and upselling, says Debashis Chatterjee, CEO & Managing Director, Mindtree.
BUSINESS
Razorpay raises $160 million, valuation triples to $3 billion in six months
Razorpay will use the funding to take its digital payments offering to South East Asia, make acquisitions and build out its neo-banking platform.
BUSINESS
Growth is the biggest lever to protect margins: Wipro CFO Jatin Dalal
In a wide-ranging interview with Moneycontrol, the Wipro CFO spoke about the company’s growth trajectory, its renewed thrust on consulting, plans to combat margin pressure, and the recruitment outlook.
BUSINESS
Sachin Bansal is a step closer to realising his banking dreams
Chaitanya India Fin Credit Private Limited, which Bansal acquired last year, is among the applicants for a Universal Bank Licence, according to the list of applicants released by the RBI.
BUSINESS
Softbank founder Masayoshi Son picks Swiggy over Zomato, to invest $450-$500 million
The investment from SoftBank will come on top of $800 million series J round that Swiggy recently closed, with Falcon Edge, Amansa, Think Investments, Carmignac and Goldman Sachs at a valuation of $5 billion.
BUSINESS
Here is why IT major TCS is not worried about the war for talent
Factors like huge emphasis on building talent in-house and low attrition rates could help the firm in addressing talent issues in the tech landscape.
