BUSINESS
Why Germany is saying Willkommen to Indian IT companies
While the European country is the fourth-largest economy, its leading enterprises have not outsourced heavily. With the onset of COVID-19, when German companies had to cut costs, they turned to Indian IT firms for help. For Indian firms, Germany has an outsourcing potential of about $40-50 billion.
BUSINESS
Exclusive: SaaS firm Chargebee guns for unicorn status with $1.4 billion valuation in fundraise
The fundraising round will likely be led by a fresh US-based investor, with existing backers Tiger Global Management, Steadview Capital and Insight Partners doubling down on their bets.
BUSINESS
Online tutoring startup Vedantu acquires doubt-solving app Instasolv
Vedantu said the acquisition will strengthen its presence in Tier II and Tier III markets.
BUSINESS
Prime Minister Narendra Modi has this message for startup founders on valuations
Don't limit yourself to valuation and exit strategies. Think how you can create institutions that will outlast this century. Think how you can create world-class products that will set the global benchmark on excellence, said Prime Minister Narendra Modi at the Nasscom Technology and Leadership Forum (NTLF) 2021.
BUSINESS
Modi praises Indian IT industry, urges cos to 'Make for India'
PM Narendra Modi said that the country has high expectations from the IT industry and that its solutions will have 'made for India' now. "Innovation and enterprise will help Indian IT build a culture of excellence and institution building," he said
BUSINESS
IBM & Tech Mahindra deepen ties, target $1 billion annual revenue for three years
IBM chairman and CEO Arvind Krishna and Tech Mahindra CEO CP Gurnani said 40 percent of the revenue will be driven by Telco & 5G, powered by Hybrid Cloud, while 60 percent of the revenues will be driven by other industries.
BUSINESS
Entrepreneurs hail Narendra Modi government's move to free up mapping
Prime Minister Narendra Modi described it as a decision that would provide a huge impetus to Digital India and a massive step in its vision for Atmanirbhar Bharat.
BUSINESS
No plans to put cash into bitcoins at this stage: Infosys CEO Salil Parekh
Parekh's comments come at a time when there is a lot of uncertainty on the future of cryptocurrencies and Bitcoins in India.
BUSINESS
Interview | Infosys CEO Salil Parekh on growth momentum, demand for digital and cloud capabilities, and more
Infosys, which has been growing at a faster clip compared to rivals such as TCS and Wipro in the last few quarters, is confident about growing revenues in double-digits, on the back of robust demand for digital and cloud capabilities.
BUSINESS
EXCLUSIVE: Expect growth momentum to continue in near term, says Infosys CEO Salil Parekh
In an exclusive interview, Infosys CEO & MD Salil Parekh said digital and cloud capabilities are now more than half of its business and is growing at about 30 percent.
