BUSINESS
From diamond factory worker’s son to founder of $10 billion crypto venture: The story of Jaynti Kanani and Polygon
Polygon shot into the limelight a couple of weeks ago when it announced an investment by billionaire Mark Cuban, star of the TV show Shark Tank
BUSINESS
SoftBank and Swiggy seek CCI approval for investment
Moneycontrol had reported in April that SoftBank will invest $450-500 million in Swiggy at a post-money valuation of close to $5.5 billion.
BUSINESS
Exclusive | Ad-free search engine Neeva to launch in India next year: CEO Sridhar Ramaswamy
In an interview with Moneycontrol from the US, Ramaswamy spoke about why he wants to reimagine the future of search, if the subscription-driven model will work and his plans for India.
BUSINESS
Captive Boom! Global companies will add over 3 lakh technology jobs in India in next 3 years
Rapid growth of technology hubs is great news for techies as it creates numerous jobs and raises salaries, but it poses a risk for IT services companies such as TCS, Infosys, HCL Tech and Wipro, as more clients now look to insource rather than outsource.
BUSINESS
Becoming unicorn doesn’t mean much, want to grow 200-300 times from here: Urban Company CEO Abhiraj Bhal
Home services startup Urban Company CEO Abhiraj Bhal in an interview with Moneycontrol talks about why people ordering from home is a permanent shift, not just a pandemic-induced one, vaccinating delivery partners, dealing with the pandemic and more.
BUSINESS
Startups pay record salaries to all talent amid funding boom
Coders have long been the darlings of Indian technology startups, earning record sums, but the current funding boom has led to an all-round explosion in salaries across levels and across functions. But companies are also facing unique challenges in keeping employees happy and not letting money rot company culture. And will these pay hikes look sustainable later on?
BUSINESS
Infosys initiates internal investigation against staff named in insider trading case, says action will be taken
As per SEBI guidelines, Unpublished Price sensitive Information (UPSI) refers to any information that concerns the company directly or indirectly, but is not meant for the disclosure to the larger public.
BUSINESS
Infosys Insider trading case | Experts say it's individual failure, company not at fault
In an order dated May 31, the market regulator Securities and Exchanges Board of India banned eight entities and individuals, including two Infosys employees, from selling and buying securities directly or indirectly until further notice. They were also fined Rs 3.06 crore.
BUSINESS
Governments have accountability, platforms have none: Sridhar Vembu on India vs Big Tech
Sridhar Vembu, the billionaire founder of Zoho asserted that social media platforms must follow the laws of the land and stop dictating terms.
TRENDS
Facebook, Twitter cannot dictate terms, must follow rules in India: Zoho CEO Sridhar Vembu
The billionaire founder of the software product firm said social media platforms follow laws of other nations and there is no reason why they shouldn’t in India. “Investors go to China because there's money to be made.”
BUSINESS
Mark Cuban invests in Indian crypto startup Polygon
The American billionaire entrepreneur, who owns NBA's Dallas Mavericks and one of the main 'shark' investors on the television series Shark Tank, has invested in over 10 blockchain startups
BUSINESS
Zeta has rewritten entire banking stack, this hasn't been done before: Co-founder Bhavin Turakhia
Zeta wants to reimagine the core banking stack for traditional banks- which currently use older solutions like Finacle and Flexcube from IT frms and wants to provide banks and fintechs with a mobile.
TECHNOLOGY
Personal Data Protection Bill | Hackers having field day as Centre dithers: Justice BN Srikrishna
Justice BN Srikrishna chaired a 10-member committee that proposed a Personal Data Protection Bill for India three years ago.
BUSINESS
Rebel Foods IPO: This online restaurant company that operates Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, Faasos plans public listing in 18-24 months
Rebel Foods, which operates a network of cloud kitchen brands such as Behrouz Biryani, Mandarin Oak, Ovenstory Pizza, and Faasos, is planning a public listing in the US in 18-24 months.
BUSINESS
Zerodha's Nithin Kamath: Don't invest in Bitcoin because I don't understand it, maybe Elon Musk knew what was happening in China
"People shouldn't have more than 1-2 percent exposure to crypto as an asset class. The only reason to buy Bitcoin is the hope that someone will buy it from you at a higher price. Zerodha will offer crypto when regulations are explicit"
BUSINESS
Exclusive | Infosys sticks to growth guidance despite COVID-19 second wave, has met critical deliverables
Infosys COO UB Pravin Rao told Moneycontrol the second wave of COVID-19 has been 'pretty stressful' compared to the first wave as the challenge was completely different this time around.
BUSINESS
Exclusive| Infosys has vaccinated 11,000, to get 1.6 million more doses, says COO UB Pravin Rao
The second coronavirus wave has been more stressful than the first but things are getting better, says Rao as he pitches for liberalising vaccine imports to ease supply
TRENDS
Gagandeep Kang backs 12-week interval for second dose of Covishield, says move based on real-world data
One of India's top virologists Dr Gagandeep Kang spoke to Moneycontrol about her expectations on the trajectory of the current wave of COVID-19, the government's vaccine policy, and how India should prepare for a third wave.
INDIA
Dr Gagandeep Kang: I take govt projections on vaccine with a grain of salt, nasal and DNA vaccines have no data yet
“When we say there is going to be 2 billion doses of vaccine in the last five months of this year, I am a bit skeptical because we haven't seen the previous predictions play out well,” says Gagandeep Kang, one of India's leading experts on vaccines.
TRENDS
Interview | We should be mentally prepared for COVID-19 pandemic to last until mid-2022: Devi Shetty
One of India's most respected surgeons, Dr Devi Shetty laid down a three-point plan to hasten vaccination, ramp up medical workforce and prepare for the third wave, as the second wave of coronavirus ravages India. He also spoke about why no country in the world could have managed the caseload India is reporting.
INDIA
EXCLUSIVE | Dr Devi Shetty's 3-point plan to hasten vaccination - buy as one, buy in bulk, rope in private hospitals
Dr Devi Shetty, one of India's most respected cardiac surgeons and founder of Narayana Health, says India is facing a war-like situation and needs a different game plan.
BUSINESS
EXCLUSIVE | COVID-19 2nd wave took everyone by surprise, things getting better: Info Edge CEO Hitesh Oberoi
Info Edge CEO Hitesh Oberoi is optimistic that the pandemic situation will begin to normalise within weeks and that things are already getting better, but the country needs an effective advance-warning system to ensure that people don’t drop their guard again.
INDIA
COVID-19 | Bengaluru nearing peak in a week, national lockdown not needed for now, says Dr Giridhara Babu
Epidemiologist Dr Giridhara Babu said he is really worried about what will happen in rural India now, as these districts lack testing capacity and healthcare systems, with many deaths going unnoticed.
BUSINESS
Cognizant had to let go of business because it couldn't hire talent
The company said its revenue growth could have been higher but lost out due to a shortage of talent.
