BUSINESS
We need to chart our own destiny: PhonePe's Sameer Nigam on ecommerce foray, competing with Flipkart
On the sidelines of the launch of Pincode, PhonePe co-founder Sameer Nigam talks about the e-commerce foray, plans with lending, why the acquisition of ZestMoney and more.
BUSINESS
PhonePe kicks off digital lending pilots, may apply for NBFC licence: Co-founder and CEO Sameer Nigam
PhonePe’s digital lending forays come on the heels of its massive $1 billion fundraise that it announced earlier this year at a $12 billion valuation, which made it India’s most-valued fintech startup
BUSINESS
PhonePe's due diligence on ZestMoney was unsatisfactory: Sameer Nigam on deal collapse
Nigam’s comments on the ZestMoney deal falling through were the first official acceptance of the acquisition deal by PhonePe, which it was evaluating since last year and was first reported in November 2022. Both PhonePe, and ZestMoney had stayed away from commenting on it officially
BUSINESS
Byju's picks up Vedanta's Ajay Goel as CFO amid delay in filing FY22 results
Byju's previous CFO PV Rao quit in December 2021 and Goel's appointment comes 16 months later, people aware of the matter told Moneycontrol. Goel was the Group Deputy CFO of Anil Agarwal's Vedanta Resources.
BUSINESS
Unacademy sacks another 380 employees in fourth round of layoff in 12 months
Unacademy's latest round of layoffs comes just four months after the SoftBank-backed edtech laid off 350 employees or about 10 percent of its staff in November.
BUSINESS
SoftBank-backed Unacademy explores merger with Byju’s-owned Aakash
The deal, if it happens, will be a mix of cash and stock, with the merged entity exploring an IPO instead of Aakash alone seeking a public listing
BUSINESS
Unpopular recast, slowing growth: Why TCS CEO Rajesh Gopinathan quit suddenly
A major reorganisation exercise launched early last year stirred discontent among senior leaders, with Gopinathan’s successor K Krithivasan even keeping his vertical out of the recast
BUSINESS
India has a unique opportunity and responsibility in AI: Vishal Sikka
India has the sort of “spiritual priority” around education, which is far more important for parents here than it is in other countries. Indian parents also aspire for their children to be in the most promising next-generation area, Sikka says.
TECHNOLOGY
We will likely see a killer AI app later this year, says Nothing’s Carl Pei
Carl Pei says they are already making all their phones locally and exploring whether they can make other products in the country.
BUSINESS
More stability and clarity emerging in fintech regulation: CRED founder Kunal Shah
CRED will focus on leveraging its community and brand to make money through a slew of products, Shah said.
BUSINESS
Mu Sigma prevails in a David vs Goliath fight starring Lord Shiva
The lawsuit by American billionaire Patrick Ryan claimed that Dhiraj Rajaram’s devotion towards Lord Shiva influenced his business decisions.
BUSINESS
Google and Twitter-backed Sharechat sees shake-up as two founders step down
A week after laying off almost 600 employees, Sharechat CEO says in an internal note that co-founders Bhanu Pratap Singh and Farid Ahsan have stepped down from active roles. They will remain on the company's Board
BUSINESS
GoMechanic taps Cars24, Spinny for a distress sale
GoMechanic's latest funding round was called off last week following alleged misreporting of financials during due diligence, which the founders later admitted to.
BUSINESS
Davos 2023 | Going public is like adulthood, becoming a private unicorn is like teenage: Paytm's Vijay Shekhar Sharma
The Paytm founder’s message to investors is that the management is committed to creating a transparent, soundly governed, profitable, free cash generating company in the long term.
BUSINESS
Davos 2023: Mahindra Group's growth gems to touch billion-dollar mcap in 2-4 years, says MD & CEO Shah
India’s economy stands out as a bright spot in a world that looks poised for recession, says Shah.
BUSINESS
Tata Steel faced tough times in India in Q2FY23, in Europe in Q3: TV Narendran, MD
Narendran spoke to Moneycontrol’s Chandra Srikanth at Davos, discussing global supply shortages, steel demand, acquisitions and deleveraging plans.
BUSINESS
India, not China, model of growth is instructive for developing countries in Africa: Adam Tooze
On the sidelines of the World Economic Forum in Davos, economic historian Adam Tooze talks to Moneycontrol about a new version of globalisation, the threat of poly-crises, developmental models, and more
BUSINESS
Up to 30% of Mahindra & Mahindra vehicles will be electric by 2027, says Rajesh Jejurikar
He calls for government measures to drive consumption in rural India.
BUSINESS
Davos 2023: Looking at ReNew Power more for decarbonising now rather than for making clean electricity, MD Sumant Sinha says
When asked whether the incentives worth Rs 17,490 crore planned under the Green Hydrogen Mission in India will be enough to spur investments, Sinha said it might “not necessarily” do so.
BUSINESS
Davos 2023: Axis Bank's Amitabh Chaudhry says entrepreneurs have learnt they cannot take banks for a ride
Davos 2023: Chaudhry's comments are significant in the wake of huge corporate loan write-offs by Indian banks in the last five years.
BUSINESS
Davos Dispatch: Can India do a Yash Chopra for the World Economic Forum?
While the leaders of most G-7 countries have stayed away amid talk of gloom and doom, the India section tells a different story. From an imposing billboard of Prime Minister Modi to the beautifully done up India lounge to the orange bright Maharashtra lounge, it is a sight for sore eyes.
BUSINESS
TCS CEO Rajesh Gopinathan says there have been mindless purchases of cloud services
TCS’ CEO Gopinathan discusses aspects of mindless spending on the cloud during the pandemic-driven digital transformation demand spike. Cloud service was one of the key levers for deal wins in Q3.
BUSINESS
Budget 2023 | TCS chief Rajesh Gopinathan sees services sector happy, centred on government agenda
The TCS chief added the government has also been 'quite supportive' of the sector, through the pandemic, and in various FTA (Free trade agreement) negotiations.
BUSINESS
Unacademy's Relevel to layoff 40 more employees as it pivots from education biz to tests product app NextLevel
The latest round of layoffs and Relevel's move to shut down its core business further highlights the predicament of the job guarantee vertical, which was struggling since August last year
