BUSINESS
God has given me so much. I want to serve His children: Sudha Murty, Chairperson, Infosys Foundation
Moneycontrol caught up with Sudha Murty, who will retire from Infosys’ philanthropic arm this month after heading it for 25 years. She outlines her plans to work with the family’s Murty foundation and pursue her other interests.
BUSINESS
Exclusive | Infosys does away with COO role after UB Pravin Rao, appoints co heads of delivery, CTO
Rao, who is retiring in December, joined Infosys in 1986. He has held a number of senior leadership roles including Interim Chief Executive Officer and Managing Director, Head of Infrastructure Management Services, Delivery Head for Europe, and Head of Retail, Consumer Packaged Goods, Logistics and Life Sciences.
BUSINESS
We have a bias to build, will look at strategic buys but not financial investments: Swiggy founder & CEO Sriharsha Majety
"You will see us do a balanced strategy of acquisition plus investment. But I think we do have a builders bias."
BUSINESS
Swiggy to invest $700 million in Instamart, clocks one million weekly grocery orders
Swiggy's move to commit a huge investment to Instamart comes at a time when there is heightened competition in the so-called quick commerce space in India- where startups are promising delivery of essentials in under an hour.
BUSINESS
Indians excelling abroad enhance India’s brand image, should be applauded: Infosys founder NR Narayana Murthy
"I would like to applaud them rather than say they have to stay back in India. There is nothing wrong," Infosys founder NR Narayana Murthy said in an interview with Moneycontrol.
BUSINESS
Slice joins unicorn club with $220 million fundraise led by Tiger Global, Insight Partners
Slice will further launch more payments products, starting with UPI. Currently it is issuing 200,000 pay later Visa cards a month, just behind leading credit card issuers like HDFC Bank and ICICI Bank.
BUSINESS
NPCI increases WhatsApp UPI payment cap to 40 million users from 20 million
WhatsApp’s messenger service has over 400 million users in India and lifting the limit for the payment service in one go may lead to extremely high transaction volumes on NPCI’s platform.
BUSINESS
Flipkart vs Meesho: A new war in Indian e-commerce
Moneycontrol learns from sources that six-year-old Meesho's rapid expansion and quality of execution have taken India's original internet poster boy, Flipkart, by surprise
BUSINESS
Data protection bill is Orwellian, loaded in favour of the government: Justice BN Srikrishna
Moneycontrol had a discussion with Justice BN Srikrishna, who spearheaded the committee that came up with the first draft of the personal data protection bill in July 2018.
BUSINESS
EXCLUSIVE: Singapore's Shopee clocks over 100,000 orders a day in India, emerges as Amazon & Flipkart challenger
From sticky traps for rats to brass necklaces to Hello Kitty mobile covers, Shopee is heavily focusing on unbranded and fast fashion products besides popular categories like electronics and smartphones in India.
BUSINESS
Ola's HR chief Rohit Munjal leaves, Balachandar N takes charge as Chief People Officer of group
Munjal joined ANI Technologies, the parent company of Ola in March 2015, prior to which he was with GE Healthcare. At the same time, Balachandar N, joined Ola Electric in May 2021, after a nine-year stint as Group Director-HR of the Cafe Coffee Day group.
BUSINESS
LatentView listing | Bootstrapped, profitable, under the radar: How Venkat Viswanathan built this Chennai-based Analytics firm
LatentView listed on the Indian stock exchanges on November 23, 2021 and had a bumper opening with stocks trading at Rs 512.20, from IPO price that was fixed between Rs 190-197
BUSINESS
Exclusive: Kunal Shah’s CRED in talks to acquire Dineout, Wint Wealth
The two acquisition talks shed significant light on the strategy of CRED, one of India's hottest but least understood internet startups by many
BUSINESS
Paytm’s weak listing: Hang in there, business model is strong: CEO Vijay Shekhar Sharma tells investors
Shares of Paytm, the largest and one of the most anticipated IPOs in India, plunged by 27 percent from the issue price within hours of listing.
BUSINESS
Exclusive: Ola Electric lets go of quality assurance head, even as scooter delivery faces delay
Joseph Thomas' exit comes at a crucial point for Ola Electric, which is racing against time to deliver scooters to customers.
BUSINESS
Exclusive: After CFO and COO, Ola's General Counsel quits ahead of IPO
While employee churn is typically high in fast-growing startups amidst a huge demand for tech talent, it is more pronounced at Ola, due to its aggressive work culture.
BUSINESS
PB Fintech listing: I have a builder's mentality, not a trader's, says Founder Yashish Dahiya
Policybazaar and Paisabazaar operator PB Fintech shares made a decent debut on November 15 as the stock listed with a 17.35 percent premium. In an interview with Moneycontrol, Founder, Chairman and CEO of PB Fintech Yashish Dahiya speaks on the company's listing, his future plans and more.
IPO
Policybazaar parent PB Fintech lists today. Watch its founder on the growth ahead
Policybazaar and Paisabazaar operator PB Fintech shares made a decent debut on November 15 as the stock listed with a 17.35 percent premium. The opening tick on the BSE was Rs 1,150. The price trend was largely in line with analysts’ expectations and grey market trend. Watch Yashish Dahiya in conversation with Chandra R Srikanth and Priyanka Iyer
BUSINESS
Nykaa CEO Falguni Nayar learnt these two things from Uday Kotak
Falguni Nayar is the chairperson, CEO, and MD of Nykaa, a beauty and fashion eCommerce platform that had a blockbuster listing on the bourses on November 10.
BUSINESS
Exclusive | Nykaa CEO Falguni Nayar: Not choosing growth over profitability, will try to achieve both
Falguni Nayar has proved something that many doubted- it is possible to make a super-valuable startup without being on Twitter.
BUSINESS
Zomato to deploy $1 billion over 1-2 years in startup investments, picks stakes in Shiprocket, Magicpin and Curefit
While the Shiprocket funding is part of a $200 million round which the company is raising, Curefit and Magicpin's are standalone equity rounds.
BUSINESS
Curefit to raise funding from Zomato, likely to become unicorn
In August, Moneycontrol reported that Ankit Nagori was in talks to raise Rs 100 crore to build a house of food and cloud-kitchen brands.
BUSINESS
EXCLUSIVE: WhatsApp seeks higher UPI user cap; NPCI may relax limit in phases
WhatsApp is accelerating efforts to expand its payment service. A relaxation of the 20 million user limit will help it ramp up transaction volumes and value
BUSINESS
EXCLUSIVE: Zomato wants to do an Info Edge, scouts for investments in startups
Zomato's strategy to build an investment portfolio on top of its mainstay food delivery business is similar to the approach that Info Edge has in India or Tencent has in China.
