TECHNOLOGY
IPO-bound Swiggy to slash 400 jobs in second round of layoffs
It had let go of 380 employees in January 2023 and even shut its meat marketplace in a bid to lower costs.
BUSINESS
Zomato-backed Cult.fit lays off 150 employees to lower cash burn
The unicorn, which also counts Tata Digital as an investor, is realigning its business strategy to transition into an offline-heavy gym company, departing from its previous identity as a tech-enabled fitness startup.
BUSINESS
Nothing personal, just enforcing contracts: Wipro's Rishad Premji on suing 2 former executives
Rishad Premji said senior leaders get incentivised and compensated well to maintain the confidentiality of what they're doing
BUSINESS
Davos 2024: AI has gone from hype to execution, says SAP’s Thomas Saueressig
SAP already has 130 active AI use-cases, with over 16 generative AI use-cases since the end of last year
BUSINESS
Davos 2024: When we have gaps, we'll look outside, Cognizant CEO Ravi Kumar says on poaching from peers
Kumar said the first option for any leadership role in the company, is to look within, and there were always gaps
TECHNOLOGY
Davos 2024: AI is having fundamental impact on the business models of IT services companies: Francisco D’Souza
D'Souza, the co-founder and managing partner of Recognize, a private equity firm, asserts that the present moment holds significant importance for the IT services sector. According to him, three distinct factors are converging to shape this pivotal period.
TECHNOLOGY
Davos 2024: AI creates immense opportunity for India, says Microsoft Asia’s Ahmed Mazhari
Microsoft is closely working with the Indian government to collaborate on generative AI projects for the social sector.
TECHNOLOGY
Davos 2024: Entry of PE investors in healthcare will benefit people, says Apollo Hospitals' Preetha Reddy
Private Equity investment will allow the healthcare segment to overcome the infrastructure shortage problem, Reddy said.
TECHNOLOGY
Davos 2024: Mahindra and Mahindra to shift 30% of production to EVs by FY27, says CEO Anish Shah
The firm is on track to launch around five electric SUV models by December and will make a million EVs in India by FY30, Shah has said
BUSINESS
Davos 2024: Clients charged up about Gen AI, says Infosys CEO Salil Parekh
Parekh said big programs on generative AI will start flowing in whenever the economic environment improves
TECHNOLOGY
Davos 2024: PM Modi’s successful foreign policy will make India major semiconductor destination in 5 years, says Ashwini Vaishnaw
In an interview with Moneycontrol, Minister for Electronics and Information Technology Ashwini Vaishnaw said that the government will be investing in developing AI computing power and making it accessible to startups and MSMEs.
BUSINESS
Davos 2024: Support CEO Thierry Delaporte unequivocally, see signs of greenshoots, says Wipro's Chairman Rishad Premji
Premji said order bookings in the consulting business, which is a lead indicator of discretionary spending, was decent in Q3 and indicative of greenshoot in demand
TECHNOLOGY
Davos 2024: Japanese Monetary Authority to adopt India's digital payment models says Ashwini Vaishnaw
The UAE, Bhutan, and Nepal have already adopted the UPI payment system and NPCI International is in talks to extend the UPI services in the US, European countries, and West Asia.
TECHNOLOGY
Davos 2024: India's debt management wins praise from investors, says Ashwini Vaishnaw
Minister for Electronics and Information Technology Ashwini Vaishnaw said that that the belief among the investment community was that India will grow at a 6-8% over the decade
TECHNOLOGY
Davos 2024: Going forward India will have stronger regulations on deepfakes, says Ashwini Vaishnaw
With General Elections around the corner, IT Minister Ashwini Vaishnaw said that the government will work on the existing framework to tackle deepfakes.
TECHNOLOGY
Davos 2024: India to be fastest growing G20 economy, will drive global growth, says OECD chief
Prime Minister Modi has been an inspirational leader for India, OECD secretary general Mathias Cormann says
TECHNOLOGY
Davos 2024: India's semiconductor policy is absolutely right, says Ashwini Vaishnaw
After holding a series of meetings at WEF, Minister for Electronics and Information Technology Ashwini Vaishnaw said that leaders in the semiconductor ecosystem highly appreciate India's framework.
TECHNOLOGY
Davos 2024: Next set of discretionary spending will be driven by areas making AI more productive, says HCLTech CEO Vijayakumar
After beating its own operating margin guidance of 18-19% in Q3, Vijayakumar said that it will start normalising in Q4.
TECHNOLOGY
Davos 2024: Atal Setu Sea Link will increase connectivity in Mumbai, says HCC's Ajit Gulabchand
Hindustan Construction Company MD Ajit Gulabchand said that road infrastructure has picked up in Maharashtra with both Centre and state government increasing efforts.
BUSINESS
Davos 2024: India is a bright spot amid global geopolitical concerns, says Sunil Mittal
In an interview with Moneycontrol, Bharti Enterprises chairperson Sunil Mittal expressed hope that citizens would begin to experience the benefits of 5G technology, particularly in areas such as healthcare, in 2024
TECHNOLOGY
Davos 2024: 65% of employees working from office 3-5 days a week, says TCS CEO K Krithivasan
TCS CEO K Krithivasan expressed confidence that most employees will be back in the office in the next couple of quarters.
BUSINESS
Davos 2024: Have about 170 proof of concepts for Gen AI, says HCLTech chairperson Roshni Nadar Malhotra
On partnering Taiwan's Foxconn for chip packaging and testing facility, Malhotra tells Moneycontrol it is early days and the location is yet to be chosen
BUSINESS
No crackdown on unsecured loans, recent actions pre-emptive in nature: RBI Governor Das
The central bank on November 16 said that it has increased risk weight by 25 percent on consumer credit exposure of commercial banks and non-banking finance companies (NBFCs).
BUSINESS
Davos 2024: Budgets are no more sacrosanct, customers are recalibrating, says TCS CEO K Krithivasan
Krithivasan said that he is more optimistic about FY25 compared to FY24.
