BUSINESS
Absolutely not: TCS CEO Rajesh Gopinathan on whether single-digit growth will be the new normal
In terms of growth rate, while TCS is expected to end FY23 with a growth rate of over 13%, analysts at Kotak expect a moderation in growth in FY24 to 8.1% amid an increasingly slowing demand environment.
BUSINESS
Level of tolerance between a disaster quarter and a great quarter is 50 basis points: TCS CEO Rajesh Gopinathan
In an interview with Moneycontrol, TCS CEO Rajesh Gopinathan reflected on his years as CFO and CEO presenting earnings, stating that the one thing that is very predictable is the intensity of each quarter.
BUSINESS
Macroeconomic pressure may slowdown two-wheeler demand but EV growth will continue to soar: Tarun Mehta, CEO Ather Energy
Macroeconomic conditions may slow two-wheeler demand but EV growth will continue to soar, says Mehta, adding that Ather won't fire three bullets to get one right but spend time to perfect its products one at a time.
BUSINESS
Layoffs are hard but we know our reality: Krish Subramanian, Chargebee Cofounder
In an interview with Moneycontrol, the Chargebee founder dismissed rumours of a down-round or strategic sale, saying the company is fully capitalised.
BUSINESS
Tiger Global-backed unicorn Moglix joins layoff league
With funding drying up, a number of companies, including the most well-funded, have laid off large numbers of employees since the beginning of 2022 impacting close to 20,000 staff, according to data compiled by Moneycontrol.
BUSINESS
Leaders in IT will continue to be leaders for quite some time: Infosys co-founder Kris Gopalakrishnan
Rajiv Gandhi's focus on technology was very important for India's development, says Infosys co-founder Kris Gopalakrishnan
BUSINESS
25,000 past and present Flipkart group employees likely to benefit from $700 million cash payout
The top 20 employees of Flipkart, the most senior and early staffers of the e-commerce giant, will be getting as much as $200 million out of the $700 million payout,
BUSINESS
Flipkart to buy back ESOPs worth $700 million as part of PhonePe hive off
The new share price of Flipkart has been determined at $165.83 per option (previously $189.1), excluding the value of PhonePe. The payout to employees will, however, be at US$43.67 per option, reflecting the increase in the market valuation of PhonePe.
BUSINESS
Steadview, Temasek in talks to invest $50-$60 million in smart fan maker Atomberg at a valuation of $350 million
Atomberg's potential fundraise comes at a time when funding to the country's startups has slowed by more than 70 percent over the last three quarters, with investors preferring to avoid high-growth, loss-making technology companies amid macroeconomic headwinds.
BUSINESS
Razorpay pauses onboarding of online payment merchants after RBI advisory
Razorpay expects to resume onboarding after a few weeks
TRENDS
Narayana Murthy on children Akshata and Rohan: ‘Couldn’t spend any time…”
Narayana Murthy and Sudha Murty open up about family and marriage in an interview to Moneycontrol.
BUSINESS
My wife was my safety net, supported my dream: NR Narayana Murthy and Sudha Murty on the Infosys journey and their life goals
I think entrepreneurship is about daring. It's about courage. It's about sacrifice. It's about deferred gratification, says NR Narayana Murthy.
TRENDS
Narayana Murthy and Sudha Murty on their ‘couple goals’: ‘We advise, don’t interfere’
Infosys co-founder Narayana Murty and his wife, author Sudha Murty, reflect on their journey together in an interview with Moneycontrol.
TRENDS
Asked if they’ll visit 10 Downing Street, Narayana Murthy and Sudha Murty said…
Infosys co-founder NR Narayana Murthy and author Sudha Murty opened up about their marriage, goals and 2023 plans in an interview with Moneycontrol.
BUSINESS
Doglapan book review: An angry and indignant Ashneer Grover doesn’t hold back in this tell-all memoir
The ousted co-founder and MD of fintech unicorn BharatPe is at his controversial, provocative, and polarising best as he goes about blaming a series of actors for his cataclysmic fall from being a hugely successful startup operator.
BUSINESS
SoftBank-backed OfBusiness in talks for a secondary funding round at valuation of $8-9 billion ahead of IPO
OfBusiness is raising $50-$100 million from a slew of family offices, who will buy shares from some of the business-to-business (B2B) commerce and lending platform's investors
BUSINESS
Rohan Murty’s venture Soroco wants to make white collar work more effective
Founded in 2014 by Infosys founder NR Narayana Murthy’s son Rohan Murty, Arjun Narayan and George Nychis, Soroco has built a product called Scout that generates a work graph, which maps how teams experience digital work
BUSINESS
Dailyhunt and Josh parent VerSe lays off 150 staff, announces company-wide pay cuts
These measures were unveiled In a town hall meeting, addressed by the company’s co-founders Virendra Gupta and Umang Bedi.
BUSINESS
Tiger Global’s Scott Shleifer 'very bullish' on India amid global tech rout
Tiger Global, though bullish, is not comfortable writing late-stage cheques just yet. It will continue to play in the early stage phase and India is expected to be among the biggest beneficiaries of Tiger Global’s new fund
BUSINESS
Zomato begins layoffs across functions; plans to shrink workforce by 4%
At least 100 employees have been already impacted across functions such as product, tech, catalogue and marketing. The company plans to layoff atleast 4 percent of its total workforce.
BUSINESS
White Venture Capital to back executives, former founders to build startups
White Venture’s ‘Call to Adventure’ programme will fund executives to build startups and pay salaries to entrepreneurs while they are at it
BUSINESS
Infosys may race past Cognizant again as revenue gap narrows between IT majors
Infosys coming close to Cognizant’s level of growth reflects the latter’s troubles as it faced execution challenges and underperformed as compared to its peers, despite the pandemic leading to significantly increased demand.
BUSINESS
Corporate Crossings: Sequoia India hires Mohit Abraham as legal head from Travis Kalanick’s startup
Abraham's appointment as Sequoia Capital India's chief legal officer comes at a time when the company is embroiled in a legal tussle with its former general counsel, Sandeep Kapoor.
BUSINESS
Byju’s gears up for $1-billion listing of subsidiary Aakash in India next fiscal
The size of the IPO could be in the range of a billion dollars, valuing Aakash at $3.5-$4 Billion. While it expects to file papers with the market regulator in January next year, it plans to list by June 2024, or the first half of FY24.
