BUSINESS
In 1990, there was an offer to buy us out for Rs 2 crore. Infosys has Rs 6.5 lakh crore m-cap now: NR Narayana Murthy on 1991 reforms
As India marks 30 years of economic liberalisation on July 24, Infosys founder NR Narayana Murthy spoke to Moneycontrol on how the context of 1991 changed the aspirations of Infosys in one go
BUSINESS
Interview | Expect deal wins to go up as demand environment remains robust: Mindtree CEO Debashis Chatterjee
In this interaction with Moneycontrol, Mindtree CEO Debashis Chatterjee speaks about demand drivers, talent pipeline and return to work as vaccination gains pace.
BUSINESS
Exclusive | Who has grown faster than us this quarter? Says Wipro CEO Thierry Delaporte as company clocks best-ever Q1
Wipro CEO Thierry Delaporte gave an exclusive interview to Moneycontrol's Chandra R Srikanth and Swathi Moorthy as the company reported its best quarter in years.
BUSINESS
Infosys CEO Salil Parekh welcomes Zomato public issue, says internet IPOs will boost innovation in India
Parekh's comment comes on the day of Zomato's successful IPO, as the offer has been oversubscribed on the first day of the bidding process itself. Apart from Zomato, Paytm, Policybazaar, Mobikwik, Nykaa, and Delhivery are also firming up plans for a public listing in India.
BUSINESS
Infosys vaccinates half the workforce, up to 30% may return to office within six months
The Bengaluru-based IT major has vaccinated 58 percent of employees with first dose and 10 percent with both the doses. It has also placed an order for 25 lakh doses to vaccinate its employees.
BUSINESS
Flipkart employees to return to office for three days a week starting December 2021
Flipkart CEO Kalyan Krishnamurthy also wrote to employees on its fund raise, calling it 'one of the most significant investments in the digital ecommerce ecosystem in India.'
BUSINESS
CCI okays SoftBank investment in Swiggy
The investment from SoftBank will come on top of the $800 million series J round that Swiggy recently closed
BUSINESS
Flipkart raises $3.6 billion, now valued at $37.6 billion
Flipkart has raised $3.6 billion in funding to accelerate the growth of the consumer internet ecosystem in India.
BUSINESS
Swiggy elevates top executive Phani Kishan as co-founder
The move to elevate a top executive to a founder's position is part of a growing trend among India's startups, to recognise core members of the team
BUSINESS
Internet IPOs in India good sign, will feed innovative capacity: TCS CEO Rajesh Gopinathan
Gopinathan's comments come against the backdrop of food delivery platform Zomato's IPO, which is set to open next week, making it the first Internet unicorn to list in India.
BUSINESS
TCS aims to complete second jab for employees by September, get them back to office
This will be the first step in implementing the company’s 25×25 vision, where the firm does not expect more than 25 percent of the employees work in office only 25 percent of the time.
BUSINESS
TCS headcount has crossed the 500,000 mark. Here's how it hires and retains employees
The second largest employer in the country continues to recruit. It will add at least 40,000 freshers in FY22. With an attrition rate of 8.6 percent, the lowest in the industry, this template is a standout.
BUSINESS
Exclusive | Discounts core to our business, investors not in a hurry to see profits: Zomato
Moneycontrol spoke to Zomato co-founder Gaurav Gupta and its CFO Akshant Goyal on its much-anticipated public listing, its key challenges and future plans.
BUSINESS
Tiger Global leads $144 million funding round in DealShare
With this, DealShare has raised a total funding of $183 mn to date, pegging its valuation at $455 million, post-money.
BUSINESS
IT major Cognizant sees two more top level exits
The company's senior executives Arun Baid, who was leading global delivery for banking and financial services vertical, and Dan Smith, who was chief security officer, left the firm recently.
BUSINESS
Exclusive: Policybazaar aims to file DRHP for IPO in July, eyes $4-5 billion valuation
Policybazaar is planning to file its draft documents to go public in July, a key step in a historic internet IPO. It is seeking a valuation of $4-5 billion, more than previously reported, and a result of investor excitement. The Yashish Dahiya-led insurance marketplace also got a brokerage licence recently, expanding its horizons.
BUSINESS
Exclusive: Swiggy COO Vivek Sunder to step down, founder Sriharsha Majety will oversee role
Sunder, who joined Swiggy three years ago, is a veteran from the FMCG space and was also the public face of the organisation, as it bet big on its online grocery service Instamart and its on-demand delivery service Genie.
BUSINESS
Exclusive | Michael Burry should have retired right after The Big Short: Aswath Damodaran
Burry, who correctly called and profited from the subprime mortgage crisis of 2007- 08, recently warned retail investors about "the mother of all crashes"
BUSINESS
Done Deal! IPO-bound Zomato invests $120 million in Grofers
With this investment, Grofers will turn a unicorn, a term used to describe privately funded technology startups that have a valuation of a billion dollar and above.
BUSINESS
EXCLUSIVE | Bitcoin has not just failed, it's failed miserably: Valuation guru Aswath Damodaran
A good currency is the one that is used to buy things and on that count, bitcoin has failed, says Damodaran.
BUSINESS
Exclusive Interview | COVID-19 behind us, inflation will have big influence on how markets behave: Aswath Damodaran
The 'Dean of Valuation', Professor Aswath Damodaran said he's an optimist on India in the long term and views it as a growth story. But added that it requires a lot more work to realise its immense potential. In terms of sectors, Professor Damodaran believes healthcare and retail are ripe for disruption.
BUSINESS
From daughter of Punjabi immigrants to Vimeo CEO: Anjali Sud wants to reimagine the future of video
Vimeo CEO Anjali Sud said the video software provider will invest more in India, with its Bengaluru office likely to be its biggest outside its headquarters in the US.
TRENDS
RIL AGM 2021: Mukesh Ambani launches JioPhone Next; Jio-Google tie up for 5G
"We need an ultra-affordable 4G smartphone needed to make India 2G mukt", RIL chairman Mukesh Ambani said at the 44th RIL AGM 2021
BUSINESS
Jitendra Gupta’s neobank Jupiter wants to be Swiggy for banking: Will it work?
Jitendra Gupta's neobank Jupiter has got 30,000 sign ups in its first three weeks, an encouraging response for one of India's biggest startup bets by the fintech veteran. Moneycontrol looks at Gupta's plan and what does a Swiggy-for-banking experience entail.
