STARTUP
Zomato pulls the plug on grocery delivery, banks on Grofers to crack express delivery
The mail, sent on September 11, 2021, by Zomato to its grocery partner said it intends to stop its pilot grocery delivery service effective September 17
BUSINESS
Infosys not anti-national, has always stood up for India: TV Mohandas Pai
His comments came after 'Panchjanya', a magazine linked to the Rashtriya Swayamsevak Sangh (RSS) accused Infosys of negligence over glitches in the Centre's GST portal and the new Income Tax portal, and carried trenchant criticism questioning its motives.
BUSINESS
Scale key to leveraging India’s digital payments potential, says PayU India CEO
CEO Anirban Mukherjee says PayU, having acquired BillDesk for $4.7 billion, will continue to follow a mix of organic and inorganic strategies in pursuit of growth
BUSINESS
Should I run an ad telling people not to install my app: PhonePe CEO Sameer Nigam
In an exclusive interview, PhonePe founder and CEO Sameer Nigam shares his views on NPCI’s plans to cap the market share of payment apps at 30 percent.
BUSINESS
Payment companies will become graveyard like telecom unless they do this: BillDesk co- founder Srinivasu MN
BillDesk co-founder Srinivasu ML is at his candid best in a rare interview, talking about its $4.7 billion acquisition by PayU, evolution over 20 years, the early days of BillDesk and why payments and telecom have some similarities.
INDIA
Online learning is ineffective for all children: Azim Premji Foundation’s Anurag Behar
Anurag Behar, the CEO of Azim Premji Foundation, spoke to Moneycontrol on the learning loss during the pandemic.
BUSINESS
EXCLUSIVE: I'm all in, I want to build Navi for the next 20 years, never wanted to sell Flipkart: Sachin Bansal
Sachin Bansal's businesses now include lending, general insurance, mutual funds, and microfinance, even as it awaits regulatory nod for a universal banking license.
INTERVIEW
MC Interview | Made in India CoWIN ready to go global: RS Sharma
Every strategy is being applied to ensure people get their second dose, says CoWIN chief RS Sharma, as India touches a new record in daily vaccinations
BUSINESS
Grofers' Albinder Dhindsa justifies 10-minute deliveries, says need more people who dare and less of those to pull them down
Last month, Grofers claimed it made 7,000, 15-minute deliveries in a single day.
BUSINESS
Freshworks files for $100 million IPO, founder thanks Rajinikanth
Freshworks founder and CEO Girish Mathrubootham may have moved from Chennai to the US to build out his business but the Rajinikanth fanboy in him is still intact.
BUSINESS
I-T portal glitch | What went wrong with Infosys' new e-filing portal?
Infosys was awarded the contract in 2019 to develop the new I-T portal, replacing the old one, in a bid to reduce the processing time from 63 days to one day for a total outlay of Rs 4200 crore. The idea was to have a taxpayer-friendly portal that was simple in design and use, and expedite refunds, which has become a running joke now with the portal inaccessible more often than not.
BUSINESS
EXCLUSIVE: Infosys India business head CN Raghupathi to retire next month, company in talks to retain him
While Cavale was scheduled to retire in September, Infosys is now banking on him to salvage the Income Tax project, sources aware of the matter told Moneycontrol.
BUSINESS
TCS bullish on business from EVs, Tata Super app and telecom services
TCS works with Tata Motors on electric vehicles, and other group firms including Tata Steel and Tata Digital, which acquired companies such as BigBasket, 1MG, and is now working on a super app, TCS COO N Ganapathy Subramaniam said
BUSINESS
Sachin Bansal's Navi Technologies inducts former RBI deputy governor Anand Sinha on board
Nachiket Mor, Visiting Scientist at The Banyan Academy of Leadership in Mental Health and former India Country Director, Bill & Melinda Gates Foundation, has also been appointed to the Board of Directors of Navi General Insurance
BUSINESS
Prime Venture Partners announces fourth fund of $100 mn, to invest in Crypto, Electric Vehicle & Gaming platforms
Prime Venture Partners will look to make 15 to 20 investments through this fund and will expand its investments into decentralized finance/cryptocurrency, electric vehicle and gaming infrastructure.
BUSINESS
TCS can have 1 million employees: COO NG Subramaniam
TCS COO NG Subramaniam said in an exclusive interview with Moneycontrol that he had returned to the office because he felt he could organise himself better.
BUSINESS
Indian government projects: How TCS cracked the code
In an interview with Moneycontrol, the IT firm's COO N Ganapathy Subramaniam has said large, mission-critical government projects continue to be a strong area of focus.
BUSINESS
Absolutely no problem in hiring the talent we need: TCS COO NG Subramaniam
With five lakh employees, TCS is one of the largest recruiters in the country. It hired 40,000 freshers in FY21 and is likely to hire in similar numbers this year. In addition, the company's attrition rate continues to be one of the lowest at 8.6 percent for the quarter ending June 2021.
BUSINESS
Exclusive | Cure.fit’s Ankit Nagori to raise Rs 100 crore for Thrasio-like food roll-up play
Nagori plans to acquire up-and-coming online food brands listed on delivery platforms Swiggy and Zomato. This is the approach followed by US-based startup Thrasio, which acquires top-rated sellers on Amazon and helps them turbocharge growth
BUSINESS
Zetwerk turns unicorn with $150 million led by D1 Capital, valued at $1.3 billion
Zetwerk, which helps businesses convert designs for manufacturing tools into physical products said, with a strong order book of Rs 5,000 crore currently, it aims to quadruple revenue in FY22 from Rs 949 crore in FY21
BUSINESS
Vedantu to turn unicorn with $100m funding
An Asian private equity fund is expected to invest $40 million. The deal will make Vedantu India’s fifth online education unicorn. It last raised $100 million, led by Coatue Management in July 2020, valuing it at $600 million.
BUSINESS
Kunal Shah's CRED to launch P2P lending feature Mint, denies funding talks
Shah expects that demand for his newest product will severely overshoot supply. He also denied being in discussions with Silicon Valley top fund Andreessen Horowitz for his next funding round.
BUSINESS
Dunzo enters online grocery race, launches 19-minute delivery in Bengaluru
Dunzo Daily, which launched in beta mode earlier this year said it has seen demand from users growing significantly week on week.
BUSINESS
INDmoney wants to become super money app: Ashish Kashyap
With an aim to provide end-to-end financial solutions, the company will soon be selling insurance through its platform. It will also look at offering on-tap loans through its platform.
