BUSINESS
CoWin platform is scalable, can take up to 2 crore vaccinations a day, momentum here to stay: RS Sharma
RS Sharma, who heads the committee for India's Covid-19 vaccine delivery tech platform Co-WIN, said India is on track to inoculate its adult population by the end of the year, and that the platform can be repurposed for all kinds of vaccination in India.
BUSINESS
Why Indian IT struggles with India government projects
Industry executives Moneycontrol spoke to said factors like undefined scope, inflexible milestones, delay in payment, and lack of ownership from government are some of the reasons.
BUSINESS
IPO-bound Zomato's $100-120 million investment in Grofers enters last lap
IPO-bound food delivery platform Zomato is pressing ahead with its long-held plan to purchase a stake in Grofers, its $100-120 million investment in the online grocery startup at a valuation of a billion dollars entering the last lap and an announcement imminent in the next few weeks, said people familiar with the development.
BUSINESS
Rebuilding India: KV Kamath, Kiran Mazumdar-Shaw, Manish Sabharwal share their blueprint for recovery
India Inc's most respected leaders share their thoughts on how India can return to the path of recovery and march toward its ambitions of becoming a $5 trillion economy by 2025.
TRENDS
CureFit’s Mukesh Bansal, Hari Menon of BigBasket join Tata-acquired 1MG board
Ankur Verma, a senior vice-president in Tata Sons' chairman's office will also join the board of the digital health platform.
BUSINESS
Finance Ministry to meet Infosys on issues related to new Income Tax portal
The meeting comes days after Finance Minister Nirmala Sitharaman raised concerns on tech glitches and grievances on the newly launched e-filing portal.
BUSINESS
PhonePe files complaint with Sebi against Ventureast fund over Indus OS
The Sebi complaint in India is in addition to a lawsuit that PhonePe has already filed against Ventureast and Affle in the Singapore High court.
TRENDS
Flipkart to conduct pilot to deliver vaccines by drone in Telangana
As part of the ‘Medicines from the Sky’ project, the e-commerce giant will use learnings from its supply chain to deploy drones and enable deliveries of medical supplies.
BUSINESS
Byju’s-owned WhiteHat Jr will launch music, science & English classes
Karan Bajaj shot into prominence in August last year when he sold his then 20- month-old startup, WhiteHat Junior, to Byju’s for $300 million. In this interview with Moneyconrol’s Editor (Tech), Chandra R Srikanth, he talks about his international plans, how WhiteHat Jr has evloved over the years, where edtech platforms fail and succeed and more.
BUSINESS
Tata Digital to buy majority stake in pharma app 1MG
The 1MG deal comes weeks after Tata Digital bought BigBasket and announced an investment in CureFit.
BUSINESS
From diamond factory worker’s son to founder of $10 billion crypto venture: The story of Jaynti Kanani and Polygon
Polygon shot into the limelight a couple of weeks ago when it announced an investment by billionaire Mark Cuban, star of the TV show Shark Tank
BUSINESS
SoftBank and Swiggy seek CCI approval for investment
Moneycontrol had reported in April that SoftBank will invest $450-500 million in Swiggy at a post-money valuation of close to $5.5 billion.
BUSINESS
Exclusive | Ad-free search engine Neeva to launch in India next year: CEO Sridhar Ramaswamy
In an interview with Moneycontrol from the US, Ramaswamy spoke about why he wants to reimagine the future of search, if the subscription-driven model will work and his plans for India.
BUSINESS
Captive Boom! Global companies will add over 3 lakh technology jobs in India in next 3 years
Rapid growth of technology hubs is great news for techies as it creates numerous jobs and raises salaries, but it poses a risk for IT services companies such as TCS, Infosys, HCL Tech and Wipro, as more clients now look to insource rather than outsource.
BUSINESS
Becoming unicorn doesn’t mean much, want to grow 200-300 times from here: Urban Company CEO Abhiraj Bhal
Home services startup Urban Company CEO Abhiraj Bhal in an interview with Moneycontrol talks about why people ordering from home is a permanent shift, not just a pandemic-induced one, vaccinating delivery partners, dealing with the pandemic and more.
BUSINESS
Startups pay record salaries to all talent amid funding boom
Coders have long been the darlings of Indian technology startups, earning record sums, but the current funding boom has led to an all-round explosion in salaries across levels and across functions. But companies are also facing unique challenges in keeping employees happy and not letting money rot company culture. And will these pay hikes look sustainable later on?
BUSINESS
Infosys initiates internal investigation against staff named in insider trading case, says action will be taken
As per SEBI guidelines, Unpublished Price sensitive Information (UPSI) refers to any information that concerns the company directly or indirectly, but is not meant for the disclosure to the larger public.
BUSINESS
Infosys Insider trading case | Experts say it's individual failure, company not at fault
In an order dated May 31, the market regulator Securities and Exchanges Board of India banned eight entities and individuals, including two Infosys employees, from selling and buying securities directly or indirectly until further notice. They were also fined Rs 3.06 crore.
BUSINESS
Governments have accountability, platforms have none: Sridhar Vembu on India vs Big Tech
Sridhar Vembu, the billionaire founder of Zoho asserted that social media platforms must follow the laws of the land and stop dictating terms.
TRENDS
Facebook, Twitter cannot dictate terms, must follow rules in India: Zoho CEO Sridhar Vembu
The billionaire founder of the software product firm said social media platforms follow laws of other nations and there is no reason why they shouldn’t in India. “Investors go to China because there's money to be made.”
BUSINESS
Mark Cuban invests in Indian crypto startup Polygon
The American billionaire entrepreneur, who owns NBA's Dallas Mavericks and one of the main 'shark' investors on the television series Shark Tank, has invested in over 10 blockchain startups
BUSINESS
Zeta has rewritten entire banking stack, this hasn't been done before: Co-founder Bhavin Turakhia
Zeta wants to reimagine the core banking stack for traditional banks- which currently use older solutions like Finacle and Flexcube from IT frms and wants to provide banks and fintechs with a mobile.
TECHNOLOGY
Personal Data Protection Bill | Hackers having field day as Centre dithers: Justice BN Srikrishna
Justice BN Srikrishna chaired a 10-member committee that proposed a Personal Data Protection Bill for India three years ago.
BUSINESS
Rebel Foods IPO: This online restaurant company that operates Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, Faasos plans public listing in 18-24 months
Rebel Foods, which operates a network of cloud kitchen brands such as Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, and Faasos, is planning a public listing in the US in 18-24 months.
