BUSINESS
Swiggy elevates top executive Phani Kishan as co-founder
The move to elevate a top executive to a founder's position is part of a growing trend among India's startups, to recognise core members of the team
BUSINESS
Internet IPOs in India good sign, will feed innovative capacity: TCS CEO Rajesh Gopinathan
Gopinathan's comments come against the backdrop of food delivery platform Zomato's IPO, which is set to open next week, making it the first Internet unicorn to list in India.
BUSINESS
TCS aims to complete second jab for employees by September, get them back to office
This will be the first step in implementing the company’s 25×25 vision, where the firm does not expect more than 25 percent of the employees work in office only 25 percent of the time.
BUSINESS
TCS headcount has crossed the 500,000 mark. Here's how it hires and retains employees
The second largest employer in the country continues to recruit. It will add at least 40,000 freshers in FY22. With an attrition rate of 8.6 percent, the lowest in the industry, this template is a standout.
BUSINESS
Exclusive | Discounts core to our business, investors not in a hurry to see profits: Zomato
Moneycontrol spoke to Zomato co-founder Gaurav Gupta and its CFO Akshant Goyal on its much-anticipated public listing, its key challenges and future plans.
BUSINESS
Tiger Global leads $144 million funding round in DealShare
With this, DealShare has raised a total funding of $183 mn to date, pegging its valuation at $455 million, post-money.
BUSINESS
IT major Cognizant sees two more top level exits
The company's senior executives Arun Baid, who was leading global delivery for banking and financial services vertical, and Dan Smith, who was chief security officer, left the firm recently.
BUSINESS
Exclusive: Policybazaar aims to file DRHP for IPO in July, eyes $4-5 billion valuation
Policybazaar is planning to file its draft documents to go public in July, a key step in a historic internet IPO. It is seeking a valuation of $4-5 billion, more than previously reported, and a result of investor excitement. The Yashish Dahiya-led insurance marketplace also got a brokerage licence recently, expanding its horizons.
BUSINESS
Exclusive: Swiggy COO Vivek Sunder to step down, founder Sriharsha Majety will oversee role
Sunder, who joined Swiggy three years ago, is a veteran from the FMCG space and was also the public face of the organisation, as it bet big on its online grocery service Instamart and its on-demand delivery service Genie.
BUSINESS
Exclusive | Michael Burry should have retired right after The Big Short: Aswath Damodaran
Burry, who correctly called and profited from the subprime mortgage crisis of 2007- 08, recently warned retail investors about "the mother of all crashes"
BUSINESS
Done Deal! IPO-bound Zomato invests $120 million in Grofers
With this investment, Grofers will turn a unicorn, a term used to describe privately funded technology startups that have a valuation of a billion dollar and above.
BUSINESS
EXCLUSIVE | Bitcoin has not just failed, it's failed miserably: Valuation guru Aswath Damodaran
A good currency is the one that is used to buy things and on that count, bitcoin has failed, says Damodaran.
BUSINESS
Exclusive Interview | COVID-19 behind us, inflation will have big influence on how markets behave: Aswath Damodaran
The 'Dean of Valuation', Professor Aswath Damodaran said he's an optimist on India in the long term and views it as a growth story. But added that it requires a lot more work to realise its immense potential. In terms of sectors, Professor Damodaran believes healthcare and retail are ripe for disruption.
BUSINESS
From daughter of Punjabi immigrants to Vimeo CEO: Anjali Sud wants to reimagine the future of video
Vimeo CEO Anjali Sud said the video software provider will invest more in India, with its Bengaluru office likely to be its biggest outside its headquarters in the US.
TRENDS
RIL AGM 2021: Mukesh Ambani launches JioPhone Next; Jio-Google tie up for 5G
"We need an ultra-affordable 4G smartphone needed to make India 2G mukt", RIL chairman Mukesh Ambani said at the 44th RIL AGM 2021
BUSINESS
Jitendra Gupta’s neobank Jupiter wants to be Swiggy for banking: Will it work?
Jitendra Gupta's neobank Jupiter has got 30,000 sign ups in its first three weeks, an encouraging response for one of India's biggest startup bets by the fintech veteran. Moneycontrol looks at Gupta's plan and what does a Swiggy-for-banking experience entail.
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.
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.
