BUSINESS
PharmEasy co-founders Dharmil Sheth, Dhaval Shah, Harsh Parekh and Hardik Dedhia to leave troubled startup
The founder group cumulatively holds under 2 percent in API Holdings. Each of the five co-founders held between 0.20 percent to 0.30 percent stake in the company, data showed.
BUSINESS
Davos 2025: Bajaj Allianz can withstand any turbulence, Allianz withdrawal not a cause of worry: CEO Tapan Singhel
The company may have to go for an IPO sooner rather than later, as the regulator has been nudging most large companies to go public, the CEO has said
BUSINESS
Donald Trump looms over World Economic Forum even as top Indian business leaders give Davos a miss
President Trump's virtual address on Thursday is hugely anticipated. While the US dominates, India’s corporate presence at Davos this year appears subdued
BUSINESS
Davos 2025: Delhi can learn from Beijing’s success in tackling air pollution, says Dr Shyam Bishen
On questions around the rising trend of anti-aging movements, Dr Bishen stressed that a healthy lifespan, focused on prevention through lifestyle changes like nutrition and exercise, holds more value than chasing unproven longevity trends like plasma or gene therapy
BUSINESS
Davos 2025: India can take its AI-driven healthcare solutions to global South and beyond, says Dr Shyam Bishen
India’s experience with building digital public infrastructure, such as the Ayushman Bharat Digital Mission, provides a blueprint for addressing global healthcare challenges, Dr Bishen said.
BUSINESS
One Nation, One Pavilion: Six Indian states to share a joint space at the World Economic Forum in Davos
Sources said the push came from Davos city council which was unhappy with multiple Indian states crowding the promenade. While there was pushback, the states have come around.
BUSINESS
Not much difference in BSNL deal revenue in Q3 from previous quarter, says TCS CEO K Krithivasan
BSNL deal revenue is set to taper, as TCS is expected to complete the project by Q4 or Q1FY26
BUSINESS
TCS not worried about H-1B visas, over 50% of US workforce local, says CEO K Krithivasan
In any given year, TCS gets about between 3,000 to 4,000 H-1B visas, says Krithivasan. At the end of the December quarte, TCS had a total of 6,07,354 employees
BUSINESS
Shorter deal closure cycles, pick up in discretionary spend: Why TCS CEO is bullish on 2025
TCS’ order book in the Europe has hit an all-time high in Q3, says Krithivasan
TECHNOLOGY
Infosys files counterclaim against Cognizant, accuses CEO Ravi Kumar of misusing sensitive information, anticompetitive practices
The lawsuit brings to the fore a bitter rift between two IT majors, at a time when the industry is facing uncertainty wrought by an uncertain US economy and the impact of artificial intelligence.
BUSINESS
Swiggy launching a new app is not a new strategy, says chief Sriharsha Majety on Instamart, Snacc launch
Along with Snacc and Instamart, more apps like Pyng, a Justdial-like offering, and a separate one for Rare, a membership programme by Swiggy, are also in the works, sources told Moneycontrol.
BUSINESS
Swiggy to launch Instamart as separate app, eyes multi-app strategy on quick commerce boom
To be sure, Instamart will continue to be present on the main Swiggy app.This approach mirrors strategies adopted by Chinese internet giants like Meituan and Alibaba, which combine a unified app with a suite of standalone apps tailored to specific use cases.
BUSINESS
Lenskart calls on bankers for $1 billion IPO pitch
While Lenskart was profitable in the past, it incurred a loss of Rs 10 crore on the back of Rs 5,427-crore revenue in FY24, filings showed
BUSINESS
Swiggy launches a new app SNACC to deliver food in 15 minutes as competition heats up
The company has so far housed all its offerings, food delivery, quick commerce, hyperlocal delivery, dining out, under one main app.
BUSINESS
New founders’ right to win has become difficult as every category is crowded: Accel on Indian startup ecosystem
In a freewheeling interview with Moneycontrol on their newest $650 million fund for India and SEA, Accel partners’ Anand Daniel and Shekhar Kirani also spoke about succession planning and how IPOs have allayed governance concerns around Indian startups.
BUSINESS
End of an era: Dunzo co-founder Kabeer Biswas to quit
Dunzo was in talks with BigBasket, Swiggy among others for a strategic investment earlier. While it pioneered the hyperlocal commerce space, excessive cash burn and a competitive market took a toll.
BUSINESS
India could be our biggest market in the next two years: Canva co-founder Cameron Adams
In an interview with Moneycontrol, Adams spoke about the future of design roles, their plans to build a team in India and the impact that AI will have on workflows going forward
BUSINESS
AI-driven applications, consumption pricing a threat for SaaS model, says Snowflake CEO
The usage-based approach will bring in value to customers which is in contrast with traditional software licensing, says Sridhar Ramaswamy
BUSINESS
Great product, quick to innovate: Snowflake CEO Sridhar Ramaswamy praises Aravind Srinivas for Perplexity's success
While both Perplexity and Neeva used AI to build advanced ad-free search engines, which was later acquired by Snowflake in 2023.
BUSINESS
Epigamia co-founder Rohan Mirchandani passes away at 41 due to heart attack
"Rohan’s vision and values will continue to guide us as we work together to honor the foundation he built and ensure that his dream continues to flourish," a company spokesperson said.
BUSINESS
GCCs in India driving decision-making for global firms, no longer just back offices: Snowflake CEO Sridhar Ramaswamy
Ramaswamy, who has worked at Google for over 15 years in various capacities, also added that Snowflake will staff a very large team that will work with GCCs.
BUSINESS
Snowflake and I faced a trial by fire but we're stronger now, says CEO Sridhar Ramaswamy
In an interview to Moneycontrol during his India visit, the CEO of NYSE-listed Snowflake talks about why he is operating with urgency, how AI will disrupt SaaS, why Perplexity worked, how GCCs in India are driving decision-making for global firms and his ties with IIT-Madras
BUSINESS
Citykart, a value retail chain company, discusses Rs 340-crore round with A91 partners, TPG NewQuest
Citykart was founded by Sudhanshu Agarwal, a former executive at Vishal Mega Mart which is now his company's primary competitor. Citykart is being valued at around Rs 1,350-Rs 1,500 crore during the ongoing round, sources told Moneycontrol.
TECHNOLOGY
Paytm board approves PayPay stake sale
'This transaction will increase the consolidated cash balance to the extent of sale consideration to be received by Paytm Singapore,' says Paytm
