BUSINESS
Infosys COO UB Pravin Rao to retire, company will announce new structure in weeks
Since joining Infosys in 1986, Rao has held a number of senior leadership roles including Interim Chief Executive Officer and Managing Director, Head of Infrastructure Management Services, Delivery Head for Europe, and Head of Retail, Consumer Packaged Goods, Logistics and Life Sciences.
BUSINESS
Infosys to hire 45,000 freshers this year, attrition zooms to 20 percent
With over 86% of its employees in India having received at least one dose of ‘vaccination’, it is now preparing to embrace the hybrid work model.
BUSINESS
Why TCS employees will work from office before they return to WFH
TCS wants to return to normal first before shifting to the ‘new normal’ so that employees can connect and build social capital before returning to the remote working model.
BUSINESS
Exclusive | Wipro, Mindtree snap up top HR executives from Cognizant
The latest exodus, coming in the wake of senior Cognizant hands leaving to head other IT companies, large PE firms and startups over the last two years, underscores the company’s struggle to retain top talent
BUSINESS
Interview | Freshers can determine their compensation: TCS HR Head Milind Lakkad
Tata Consultancy Services, India’s largest software exporter, will hire a record 77,000 freshers in FY22, up from its initial estimate of 40,000, on the back of strong demand for its services and an unprecedented war for tech talent, which is leading to high attrition
BUSINESS
Rebel Foods turns unicorn with $175 million funding
Rebel Foods has built 45+ brands (own + partners) across 10 countries - India, Indonesia, United Arab Emirates, United Kingdom, Singapore, Malaysia, Thailand, Hong Kong, Philippines, and Bangladesh, and operates 4000+ internet restaurants.
BUSINESS
They slayed COVID, went on to build a unicorn: Meet the founders of Licious
Founded in 2015, Licious delivers fresh meat and seafood, apart from ready-to-cook and ready-to-eat products, categories in which it has been witnessing huge traction of late.
BUSINESS
Swiggy rolls out 2-year ESOP liquidity program worth $35-40 million
All employees of the food delivery platform holding ESOPs will be eligible to tender their shares twice over the next two years
BUSINESS
Meesho raises $570 million from Fidelity, B Capital, others at $4.9 billion valuation
Meesho's valuation of $4.9 billion makes it one of India's highest valued startups, succeeded by barely half a dozen other internet startups
BUSINESS
Vedantu raises $100m at $1b valuation, becomes India's 5th edtech unicorn
Vedantu's fundraise helps it grow fast even as rivals Byju's and Unacademy buyout the rest of the online education market with a string of acquisitions.
BUSINESS
Swiggy rejigs Supr Daily structure, Phani Kishan to take charge of unit
In a blog, Swiggy founder and CEO Sriharsha Majety said Supr's organizational structure will now change to a Business Unit within its holding company Bundl Technologies
BUSINESS
Wasn't planning to be a billionaire, see myself as a trustee of Persistent shares: founder Anand Deshpande
Programming life instead of programming computers is going to be the future, and there are a lot of exciting things happening in that area, Deshpade says.
BUSINESS
Chip shortage is real, we’re working with customers, partners to address the issue: Cisco India chief
Here is just one glimpse of the leader in Daisy Chittilapilly – a leader who sees an opportunity even in adversity. Ask her what you can do to help society during COVID times, if you are the President of Cisco. Here is the answer: “Differently abled, demographics, women, any disenfranchised group, for that matter ... that is the way to hire. There is a possibility to make that happen now, with hybrid work.”
BUSINESS
US market will surpass India for us in the near future: MPL's Sai Srinivas
After expanding at a breakneck pace for 2-3 years, MPL is now looking at predictable and meaningful growth so that in future it can be a global, publicly listed company, Srinivas says.
BUSINESS
Byju's buys US-based coding platform Tynker, its 9th acquisition this year
Byju's has spent over $2 billion to buy nine companies this year. It is also reportedly in talks with investors to raise $1.5 billion, at a valuation of over $21 billion, after which it could look at a listing in the US.
BUSINESS
Apna becomes India’s fastest unicorn with $100 million from Tiger Global
Apna becomes India's 27th unicorn of 2021 in a record year for fundraising.
BUSINESS
TCS hits new high, crosses $200 billion market cap at day’s high
As of September 15, Accenture has a market cap of $216 billion, followed by the Reliance Industries Limited at $205 billion and Infosys’ stands at close to $98 billion. TCS stock corrected to $199.1 billion at the time of closing.
BUSINESS
Zomato co-founder Gaurav Gupta quits
Gaurav Gupta was the face of the company in the run-up to the IPO, leading discussions with investors and the media.
BUSINESS
Exclusive: Jitendra Gupta’s Jupiter neobank raises money from top fintech VC QED
The funding round supplements the $45 million Jupiter recently raised
BUSINESS
Behind the scenes: Why Udaan finally has a CEO
Harsh business realities forced a change at the B2B startup, which had refused to appoint a chief and had maintained that it preferred the power of decentralised control by the three cofounders.
BUSINESS
Byju's nears acquisition of Tynker, a US-based coding platform for kids
Byju's has been on a funding and acquisition spree this year, spending over $2 billion to buy half a dozen companies across segments- from offline education to upskilling to school education.
BUSINESS
Infosys not anti-national, has always stood up for India: TV Mohandas Pai
His comments came after 'Panchjanya', a magazine linked to the Rashtriya Swayamsevak Sangh (RSS) accused Infosys of negligence over glitches in the Centre's GST portal and the new Income Tax portal, and carried trenchant criticism questioning its motives.
BUSINESS
Scale key to leveraging India’s digital payments potential, says PayU India CEO
CEO Anirban Mukherjee says PayU, having acquired BillDesk for $4.7 billion, will continue to follow a mix of organic and inorganic strategies in pursuit of growth
BUSINESS
Should I run an ad telling people not to install my app: PhonePe CEO Sameer Nigam
In an exclusive interview, PhonePe founder and CEO Sameer Nigam shares his views on NPCI’s plans to cap the market share of payment apps at 30 percent.
