BUSINESS
Hyderabad dislodges Chennai to become Cognizant’s largest centre globally
Sources say Cognizant’s Chennai headcount is in the 55,000-56,000 range. At the same time, Hyderabad has grown to over 57,000 employees and is growing at a faster clip.
BUSINESS
I'm an advocate for founders taking money in secondary sale, says Freshworks founder Mathrubootham
The statement comes amid ongoing debate among investors and founders over the sale of founder shares in secondary markets, a trend increasingly common among new-age companies
BUSINESS
Power struggle? Amit Agarwal in control of Amazon India as Manish Tiwary bows out
Over the past year or so, Amazon’s competitive intensity has reduced, according to a founder who is a top seller on both Amazon and Flipkart.
BUSINESS
FirstCry IPO enhanced our corporate governance and disclosures, says founder and CEO Supam Maheshwari
"There is no pressure for a company of our stature, size and maturity curve. What is the pressure if you have been delivering operational profitability for the last four years," says FirstCry founder Supam Maheshwari.
BUSINESS
Despite e-commerce slowdown, PAT doubled last year: Unicommerce promoter Kunal Bahl
Snapdeal-backed Unicommerce will open its initial public offer's (IPO) anchor book on August 5 and will list on bourses on August 13th.
BUSINESS
Have done enough for the market to see excitement on listing day: Ola Electric founder Bhavish Aggarwal
In a freewheeling conversation with Moneycontrol, the driven founder of Ola said he is prepared to face public market investors. He also said he is fully involved in Ola Electric as it is operationally intense.
BUSINESS
Unicommerce IPO anchor book to open on August 5, listing on August 13
The company has lowered the issue size of the offer for sale from 2.98 crore shares to 2.56 crore shares.
BUSINESS
FirstCry likely to list on stock exchanges on August 13
The startup will launch the anchor book for its IPO on August 5, with the issue likely to open for public subscription between August 6 and August 8, sources told Moneycontrol.
BUSINESS
Higher costs and price wars led to India Cements sale to UltraTech: N. Srinivasan
Srinivasan assured employees that despite the change in ownership to UltraTech, led by Aditya Birla Group Chairman Kumar Mangalam Birla, it would be business as usual for them.
BUSINESS
Unicorn alert! Trading startup Dhan in discussions to raise $100 million at $1.5 billion valuation
For Dhan, the new round will be its largest since its inception in 2021 and even the company’s valuation will increase significantly from around $150 million to a staggering $1.2-1.5 billion.
STARTUP
Modi 3.0 walks the talk on startups and tech in today's Budget
The startup ecosystem has long complained that the angel tax regime, which was originally started in 2012 as an anti-abuse measure to prevent money laundering, actually drove away smaller investors who couldn't afford the compliance burden.
BUSINESS
No flip-flops: LTI Mindtree COO Nachiket Deshpande backs hybrid working for employees
"We've always said that we would want to strike a balance and get the best of both worlds," Deshpande said. Most junior associates have been asked to work from office at least two days a week, he said.
BUSINESS
Regulatory spends in BFS, vendor consolidation driving demand for LTIMindtree: COO Nachiket Deshpande
In Q1, North America saw the highest growth on both QoQ and YoY basis, with the revenue contribution coming from this geography increasing to 75.1 percent, its highest since the merger of erstwhile L&T Infotech and Mindtree in November 2022.
BUSINESS
Hiring, interviewing, experience zones: How TCS is infusing AI into its operations
AI Experience Zones for innovating and experimenting, AI-based interviewers and coaches for hiring and deploying talent — here’s a sneak peek into TCS 2.0
TECHNOLOGY
Dairy Dreams: Milky Mist eyes IPO at Rs 20,000 crore valuation months after WestBridge talks fall through
Founded by a school dropout T Sathish Kumar, Erode-based Milky Mist ended FY 24 with a turnover of Rs 2,000 crore and a profit of around Rs 50 crore
BUSINESS
HCLTech has no plans to link variable pay to office attendance, says CEO C Vijayakumar
In February, the company made it a must for employees to report to office thrice a week
BUSINESS
Linking variable pay to office attendance not to punish employees, is temporary measure, says TCS HR chief
TCS CHRO Milind Lakkad also shared that the company has cleared all the fresher hiring backlog from previous years.
BUSINESS
Discretionary spending has not picked up, says HCLTech CEO C Vijayakumar
HCLTech expects to see growth across all verticals and geographies barring financial services in Q2.
BUSINESS
Premji Invest may pump in $50 million in Paris-based AI coding startup Poolside
Premji Invest is stepping up bets in global tech startups, as it looks to capitalise on the generative AI boom. It recently invested in Hippocratic AI and Canva
BUSINESS
'Will have Ola cells in our scooters by early next year,' says founder Bhavish Aggarwal
While Sebi has greenlighted Ola Electric's DRHP, Aggarwal was non-committal on the timeline, adding that they are going through more steps.
TECHNOLOGY
'Have no policies like Foxconn': Ola founder Bhavish Aggarwal on hiring married women
Bhavish Aggarwal, founder and managing director of Ola said that the firm will continue to employ women workforce for its new facilities and said that the firm does not have any policy to not hire married women.
TECHNOLOGY
IndiaAI Mission: Govt expected to roll out GPU tender for AI infra in a fortnight
The Ministry of Electronics and Information Technology has decided to host the second edition of the Global Partnership on Artificial Intelligence (GPAI) from July 3-4.
TECHNOLOGY
Zepto raises $665 million at $3.6 billion valuation in biggest funding round this year
Sources said that DST Global, an early investor in Swiggy also participated in the round. Zepto founder Aadit Palicha told Moneycontrol that the funds will be used to enter new markets like Jaipur, Chandigarh, Ahmedabad and double its dark stores to 700 from the current 350.
TECHNOLOGY
Ronnie Screwvala keen to change how wealthy Indians give back to society
Swades Foundation, a non-profit run by the Screwvala family, has filed the draft papers to raise Rs 10 crore via the social stock exchange of NSE. The seasoned entrepreneur wants to attract high profile industrialists and celebs to the project
