TECHNOLOGY
Davos 2024: IPO preparations underway, says Swiggy's Sriharsha Majety
Majety said he has met Zomato founder Deepinder Goyal and asked him what it is like to run a listed food delivery business. Goyal is one among the many tech company founders that Majety has met.
TECHNOLOGY
MC At Davos: Expect PM Modi to be re-elected, good for India and the world, says Martin Sorrell
Martin Sorrell, Executive Chairman of S4 Capital, said he remains bullish on India, emphasising that the country is well positioned and expected to become the world's third largest economy by 2025.
TECHNOLOGY
Davos 2024: No one wants AI used to wage unjust war: Andrew Ng on OpenAI's policy shift
‘I'm seeing a lot of regulation that I think runs the risk of stifling the technology and this will be to the detriment of everyone,’ says former head of Google Brain
BUSINESS
Davos 2024: McKinsey's Noshir Kaka explains his 20-30-40-80 rule on Gen AI first movers
First movers in the generative AI will have a huge advantage in growth and efficiency but most importantly, in people, because latest technology is where the “good talent” wants to go, he says
TECHNOLOGY
Davos 2024: Clear winner in India's EV industry is yet to emerge, says Hero Motocorp's CEO Niranjan Gupta
Hero MotoCorp's Niranjan Gupta said that the company will increase its focus on electric vehicles in the long run, in addition to investing in premium vehicles and digitisation.
TECHNOLOGY
Davos 2024: LLMs are hyper competitive, better to build GenAI apps: Andrew Ng's advice to AI startups
Coursera’s chief executive officer Jeff Maggioncalda added that such domain-specific applications using domain-specific data will unlock a lot of value, and competitive advantage.
BUSINESS
Too early to say generative AI is affecting jobs, says McKinsey’s Noshir Kaka
Noshir Kaka, a senior partner at McKinsey, said that thanks to generative AI, he sees a 20 percent expansion of the total addressable market in the form of new service lines. Kaka also sees a 30 percent jump in productivity and 40 percent greater opportunity in support functions
TECHNOLOGY
Davos 2024: WEF's Cathy Li highlights India's role in global AI landscape
While many advancements in AI technology are coming from the West, Li believes that the first-mover advantage doesn't always guarantee the best position.
TECHNOLOGY
SoftBank to restart India investments mid-2024 as founders reset valuations: Sumer Juneja
As India's second batch of unicorns go public, SoftBank’s Sumer Juneja says the country's mutual funds are the most important cogs in the wheel of pricing IPOs.
TECHNOLOGY
Very few jobs will be completely replaced by AI: IBM HR chief Nickle LaMoreaux
In an exclusive interview with Moneycontrol, Nickle LaMoreaux, IBM’s Chief Human Resources Officer, said AI will only automate certain tasks and not replace employees at Big Blue, helping them focus on work that lets them move up the value chain.
TECHNOLOGY
Flipkart's Binny Bansal launches OppDoor, his latest e-commerce startup
The company is registered in Singapore and was incorporated in May 2021, per filings. OppDoor was earlier called Three State Ventures Pte Ltd, which is Binny Bansal’s venture capital firm that operates from Singapore.
TECHNOLOGY
Infosys alleges unfair employee poaching by Cognizant, sends missive to the firm
The standoff with Cognizant comes at a time when both Infosys and Wipro are battling a tough business environment coupled with senior management attrition.
BUSINESS
Wipro shares abuzz on Sanjay Jalona hire, company denies move
The move comes at a time when incumbent CEO Thierry Delaporte has been under pressure for middling growth, falling margins and a raft of top level exits.
TECHNOLOGY
SoftBank-backed FirstCry, Ola Electric to file draft IPO papers in the next week
While FirstCry is likely to list only after the general election in 2024, Ola Electric's management has already begun roadshows with domestic and international investors
TECHNOLOGY
Udaan fires over 100 employees days after securing $340 million in capital
This is the second instance, in the last 13 months, where Udaan has sacked staffers soon after raising a new round of capital.
TECHNOLOGY
AWS India’s interim country head Vaishali Kasture quits
This comes seven months after she was elevated in the role, following Puneet Chandok’s exit.
TECHNOLOGY
BNPL startup ZestMoney to shut down, to let go of remaining 150 employees
The move to shut down ZestMoney, which was last valued at $450 million, comes months after it raised fresh capital from Quona Capital, Omidyar Network India, Flourish Ventures, Zip and Scarlet Capital.
TECHNOLOGY
Byju Raveendran likens current crisis to war on multiple fronts, says true entrepreneur is a war leader
In a leadership huddle, CEO Arjun Mohan unveiled Byju's 3.0, where he stressed the need to sell the right products to the right people without maximising sales
BUSINESS
Byju Raveendran to meet senior management as liquidity situation turns precarious, banks on borrowings, asset sale
Sources says Byju Raveendran is confident of pulling through via asset sales, without depending on capital from existing investors
BUSINESS
Eruditus plans foray into study abroad segment in 2024, says CEO Ashwin Damera
Damera added that while many companies tie up with tier-2, -3 and -4 institutions, Eruditus will likely send students to top 100 or 150 universities of the country it focuses on
TECHNOLOGY
AI can be a major threat to humanity, deepfakes create disturbances in society: Ashwini Vaishnaw
In the case of AI, there are multiple threats. This is a significantly more complex thing compared to privacy regulation because AI can be a major threat to humanity itself, says Vaishnaw
BUSINESS
Exclusive: India’s electronics manufacturing is ready to move from import substitution to export-led growth, says Ashwini Vaishnaw
Electronics & Information Technology Minister Ashwini Vaishnaw said that another important factor in increasing local value addition would be to get the electronics design ecosystem up and running in the country.
TECHNOLOGY
Exclusive: Vande Metro, circular rail to ease Bengaluru's traffic congestion: Ashwini Vaishnaw
Railways to complete survey and project report for 287-km ring rail in Bengaluru in 7-10 months, says Vaishnaw
BUSINESS
AI will augment human capabilities, not replace us: Infosys founder Narayana Murthy
Deepfakes are an issue or even in the context of any technology getting into an evil mind, that's always an issue, says Infosys founder Narayana Murthy
