BUSINESS
FirstCry likely to list on stock exchanges on August 13
The startup will launch the anchor book for its IPO on August 5, with the issue likely to open for public subscription between August 6 and August 8, sources told Moneycontrol.
BUSINESS
Higher costs and price wars led to India Cements sale to UltraTech: N. Srinivasan
Srinivasan assured employees that despite the change in ownership to UltraTech, led by Aditya Birla Group Chairman Kumar Mangalam Birla, it would be business as usual for them.
BUSINESS
Unicorn alert! Trading startup Dhan in discussions to raise $100 million at $1.5 billion valuation
For Dhan, the new round will be its largest since its inception in 2021 and even the company’s valuation will increase significantly from around $150 million to a staggering $1.2-1.5 billion.
STARTUP
Modi 3.0 walks the talk on startups and tech in today's Budget
The startup ecosystem has long complained that the angel tax regime, which was originally started in 2012 as an anti-abuse measure to prevent money laundering, actually drove away smaller investors who couldn't afford the compliance burden.
BUSINESS
No flip-flops: LTI Mindtree COO Nachiket Deshpande backs hybrid working for employees
"We've always said that we would want to strike a balance and get the best of both worlds," Deshpande said. Most junior associates have been asked to work from office at least two days a week, he said.
BUSINESS
Regulatory spends in BFS, vendor consolidation driving demand for LTIMindtree: COO Nachiket Deshpande
In Q1, North America saw the highest growth on both QoQ and YoY basis, with the revenue contribution coming from this geography increasing to 75.1 percent, its highest since the merger of erstwhile L&T Infotech and Mindtree in November 2022.
BUSINESS
Hiring, interviewing, experience zones: How TCS is infusing AI into its operations
AI Experience Zones for innovating and experimenting, AI-based interviewers and coaches for hiring and deploying talent — here’s a sneak peek into TCS 2.0
TECHNOLOGY
Dairy Dreams: Milky Mist eyes IPO at Rs 20,000 crore valuation months after WestBridge talks fall through
Founded by a school dropout T Sathish Kumar, Erode-based Milky Mist ended FY 24 with a turnover of Rs 2,000 crore and a profit of around Rs 50 crore
BUSINESS
HCLTech has no plans to link variable pay to office attendance, says CEO C Vijayakumar
In February, the company made it a must for employees to report to office thrice a week
BUSINESS
Linking variable pay to office attendance not to punish employees, is temporary measure, says TCS HR chief
TCS CHRO Milind Lakkad also shared that the company has cleared all the fresher hiring backlog from previous years.
BUSINESS
Discretionary spending has not picked up, says HCLTech CEO C Vijayakumar
HCLTech expects to see growth across all verticals and geographies barring financial services in Q2.
BUSINESS
Premji Invest may pump in $50 million in Paris-based AI coding startup Poolside
Premji Invest is stepping up bets in global tech startups, as it looks to capitalise on the generative AI boom. It recently invested in Hippocratic AI and Canva
BUSINESS
'Will have Ola cells in our scooters by early next year,' says founder Bhavish Aggarwal
While Sebi has greenlighted Ola Electric's DRHP, Aggarwal was non-committal on the timeline, adding that they are going through more steps.
TECHNOLOGY
'Have no policies like Foxconn': Ola founder Bhavish Aggarwal on hiring married women
Bhavish Aggarwal, founder and managing director of Ola said that the firm will continue to employ women workforce for its new facilities and said that the firm does not have any policy to not hire married women.
TECHNOLOGY
IndiaAI Mission: Govt expected to roll out GPU tender for AI infra in a fortnight
The Ministry of Electronics and Information Technology has decided to host the second edition of the Global Partnership on Artificial Intelligence (GPAI) from July 3-4.
TECHNOLOGY
Zepto raises $665 million at $3.6 billion valuation in biggest funding round this year
Sources said that DST Global, an early investor in Swiggy also participated in the round. Zepto founder Aadit Palicha told Moneycontrol that the funds will be used to enter new markets like Jaipur, Chandigarh, Ahmedabad and double its dark stores to 700 from the current 350.
TECHNOLOGY
Ronnie Screwvala keen to change how wealthy Indians give back to society
Swades Foundation, a non-profit run by the Screwvala family, has filed the draft papers to raise Rs 10 crore via the social stock exchange of NSE. The seasoned entrepreneur wants to attract high profile industrialists and celebs to the project
TECHNOLOGY
For Freshworks to scale and become a global company, things will have to change: CEO Dennis Woodside
Woodside, who took over the reins as CEO from founder Girish Mathrubootham a few weeks ago, said he is used to working in founder-driven companies. He said preserving company culture is one of his top priorities
TECHNOLOGY
I will be shattered if another billion dollars comes to education startups: Ronnie Screwvala
"Edtech was invented by the Byju's and the Unacademys of the world because they wanted to raise money. Today, if you want to go out and raise money, everyone will say Ed-AI," the Upgrad founder said.
TECHNOLOGY
Flipkart co-founder Binny Bansal advises startups to incorporate in India
The US was the default before the market opened up for tech IPOs (in India) but now it's clear that India is a great destination for tech IPOs, Bansal said.
TECHNOLOGY
Was a sceptic but now believe in quick commerce’s potential: Flipkart co-founder Binny Bansal
“I give a lot of credit to the people who are making it work. There was Amazon, Flipkart and other big companies, all of them were trying to do this (but) the people who figured it out are new founders," said Bansal.
BUSINESS
Nachiket Deshpande emerges as top contender for LTIMindtree CEO
He is tipped to succeed Debashis Chatterjee, the first CEO of the combined LTIMindtree post-merger, whose term ends in end of 2025. At present, Deshpande serves as the company’s chief operating officer (COO).
TECHNOLOGY
Budget may launch ghar wapsi scheme for Indian startups to flip to GIFT City
The government may later implement another policy to allow companies domiciled in GIFT City to list on Indian bourses such as BSE and the National Stock Exchange, sources said.
TECHNOLOGY
Zepto to raise $650 million at $3.5-billion valuation
Nexus and its LP StepStone will together lead the round by putting in a majority of the total $650 million, sources said.
