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.
BUSINESS
Consumers have evolved, the auto industry is a few decades behind: Ola founder and CEO Bhavish Aggarwal
We hope the industry rejects petrol and follows us in this electrification journey. It is what the country needs, says Ola's Bhavish Aggarwal
BUSINESS
The more unsexy a business, the more profitable it is: OfBusiness' Asish Mohapatra's motto
Why is an industrial goods and lending firm one of India's hottest startups today? Why does OfBusiness hire only freshers, that too from outside top colleges? And when the lines between work and life are blurred, how do you avoid a toxic work culture? Asish Mohapatra, co-founder and CEO of OfBusiness breaks down his work and life's philosophy, with unusual candor and quips in a detailed interview.
BUSINESS
Ola Electric scooter launched: Founder Bhavish Aggarwal calls it the best ever made
The Bhavish Aggarwal-led firm, spun off from ride-hailing firm Ola, is setting up a 500-acre factory in Tamil Nadu's Krishnagiri, with an aim to make 10 million vehicles a year at full capacity- making it the world's largest two-wheeler factory.
BUSINESS
Shankar Sharma is staying away from Internet IPOs in India: Here's why
First Global's Shankar Sharma, famously known as the Big Bear of Dalal Street, is not ready to bite the bullet, just yet and in a recent interaction on Moneycontrol Masterclass highlighted why he is bearish on the slew of Internet IPOs hitting the markets.
BUSINESS
How Robosoft's Rohith Bhat built a global company from a temple town in India
The company he founded, Robosoft, which counts Apple as its first customer, was acquired by Japan's TechnoPro Holdings for Rs 805 crore on August 10. The company is one of India's leading mobile app developers today, having built over 2000 apps till date, that together have been downloaded 1 billion times.
BUSINESS
Swiggy launches 15-30 minute grocery deliveries, expands Instamart to 5 more cities in India
This is the first major expansion after Instamart launched in Bengaluru and Gurugram last year. Interestingly, Zomato-backed Grofers recently said it enabled 15-minute express delivery for 7,000 households in Gurugram.
TRENDS
In the wild world of tech hiring in India, engineer is now king
The COVID-19 pandemic-led internet and technology boom has led to an accelerated shift to digital.
BUSINESS
Companies are placing more plants in offices, offering flexibility as employees weigh return to workplace: Quess Corp CEO
Most employees will be happy to come back to work -- it’s a pain but it improves social lives, productivity and career prospects because it is also the place to build networks, says Suraj Moraje, Managing Director & Group CEO of Quess Corp.
BUSINESS
EXCLUSIVE: Cognizant sees more top-deck exits—execs leading talent acquisition and global delivery leave
These exits are likely to hurt Cognizant as they come at a time when the company is seeing record attrition and is looking at hiring 1 lakh experienced professionals.
BUSINESS
BharatPe joins unicorn club, raises $370 million at a valuation of $2.85 billion
BharatPe was previously valued at over $900 million barely nine months ago. Of the $370 million, the secondary component is $20 million, giving an opportunity for its angel investors and employees to cash out.
BUSINESS
UST to hire over 10,000 employees in 2021
UST does not have any immediate plans to bring back their staff to offices.
BUSINESS
Work from office vs work from home: Will companies decide or employees?
How can organisations provide models that satisfy all workers? Does a hybrid work model foster better work relationships? These are some of the questions that top business leaders answered on the 11th episode of Moneycontrol Masterclass.
BUSINESS
Cognizant attrition rate hits record high of 31%; company to make 100,000 lateral hires this year
While the company has planned targeted compensation revisions, job promotions and job rotations to retain talent, it expects elevated attrition to continue.
