TECHNOLOGY
TCS targets to hire around 40,000 freshers in FY25; will honour all offers made
In terms of hiring experienced professionals, TCS will be taking a call on a quarterly basis depending on immediate demand and requirement, CEO and MD K Krithivasan said.
TECHNOLOGY
There is a greater opportunity to increase pricing: TCS CEO K Krithivasan
In an interview with Moneycontrol, TCS CEO K Krithivasan said he believes the new fiscal will be better than the previous one and that they will step up focus on regional markets.
TECHNOLOGY
IIT Bombay Prof's startup Sedemac Mechatronics in talks to raise $100 million from A91, Xponentia, 360 ONE Asset
The startup is talking to A91 partners, Xponentia Capital Partners and 360 ONE Asset. The round is likely to close at a valuation of $250 million
TECHNOLOGY
Premji Invest eyes $50-$70 million investment in Canva
Premji Invest is stepping up bets in US tech firms, as it looks to capitalise on the generative AI boom. It recently invested in AI firm Hippocratic AI.
BUSINESS
Qualities as hiker will guide me as a leader: Wipro CEO Srini Pallia's first email to employees
Pallia said be will be meeting associates and clients in the weeks ahead and underscored the importance of work life balance
BUSINESS
Wipro ex-CEO Delaporte to employees: My main goal is complete with transformation in place
Delaporte said that he’s handing over the reins to his successor, 'who will drive excellence on the back of this transformation, and move towards execution all the investments the company has made.'
TECHNOLOGY
Thierry Delaported: A litmus test for Wipro and Rishad Premji
Apart from performance and senior-level churn, the board was also concerned about high costs linked to acquisitions and expat hires.
BUSINESS
Byju’s’ Aakash selects former Pearson India MD Deepak Mehrotra as CEO
The new appointment comes months after reports said that Aakash Chaudhry, the promoter of Aakash Educational Services won't be returning as CEO of the coaching company.
BUSINESS
Very confident Srinivas Pallia will turn around Wipro: Former CFO Suresh Senapaty
Senapaty's ringing endorsement of Pallia comes months after he expressed concerns about losing great talent during Thierry Delaporte's tenure
BUSINESS
Cognizant defers salary hikes by a quarter to August
With the latest move, a majority of Cognizant employees would have received four hikes in three years with the cycles being: October 2021, October 2022, April 2023, and August 2024
BUSINESS
Ummeed Housing Finance closes $70 million round led by A91 Partners at $300 million valuation
The homegrown investment fund A91 Partners is learnt to have put in $45 million, while the rest came in from existing investors such as Norwest Venture Partners.
TECHNOLOGY
Astrotalk set to raise $30 million in fresh round from StepStone, Elev8 Venture Partners
Noida-based Astrotalk has scaled profitably and seen strong traction from users, which explains the continued VC interest and the back-to-back funding rounds.
BUSINESS
MC Exclusive: Navi open to external investment for acquisitions, cash cushion for uncertain times: Sachin Bansal
Bansal says Navi is preparing for an IPO in 24 months. The previous attempt was abandoned due to market volatility arising due to macro conditions
TECHNOLOGY
AWS cuts several hundred jobs in sales and marketing teams globally
The email was sent out to the employees by Matt Garman, SVP, Sales & Marketing at AWS, Amazon Inc’s cloud division.
BUSINESS
GenAI improving high-technology access for more people and companies: Flipkart and Navi founder Sachin Bansal
While anyone could use AI models and get decent results, Bansal feels that only technology experts could get excellent results out of the LLM models
BUSINESS
Premium for good governance will be very high, many took it for granted: Sachin Bansal
According to Bansal, governance has to be put in place deliberately and should not be just because you happen to work with founders who are doing the right thing themselves. He added that it should not taken for granted
BUSINESS
Parked banking dreams for now; focus is on stabilising lending business: Navi founder Sachin Bansal
In a freewheeling interview with Moneycontrol, the Flipkart founder said the recent actions by the RBI on fintechs is a sign that the ecosystem is maturing, with the regulator’s understanding becoming deeper.
TECHNOLOGY
Tiger Global, SoftBank set to end funding winter with $300 million round in Meesho
Meesho is in the process of flipping its base back to India from Delaware and a bulk of the fresh capital will be used to pay the relevant taxes ahead of a planned IPO, according to sources.
TECHNOLOGY
Binny Bansal invests an additional Rs 200 crore in Curefoods taking the round size to Rs 500 crore
The firm will likely use the funds for offline expansion of its brands Nomad Pizza and Sharief Bhai Biryani.
TECHNOLOGY
Cannot let AI models be brought into public domain without proper testing: Ashwini Vaishnaw
Union Minister Vaishnaw said PM Modi’s third term will see manufacturing as a major economic activity.
TECHNOLOGY
Google and Indian companies meeting regularly, aim to resolve app billing dispute soon: Ashwini Vaishnaw
The Union minister said that the startup ecosystem has to be "protected" and supported for adding value to the society, at a time when Big Tech companies and Indian companies have often locked horns over various issues
BUSINESS
Next version of India's semiconductor scheme to focus on chip design: Ashwini Vaishnaw
Union Minister says semiconductor programme to be expanded and the government will support fab equipment manufacturers and suppliers of chemicals and gases to chipmakers
TECHNOLOGY
Nvidia committed to supporting IndiaAI Mission, says Ashwini Vaishnaw
"We are in discussion with players like NVIDIA. They have committed to support our AI mission in a very big way, very major way," the union minister said.
BUSINESS
Govt taken all possible measures to support Vi, back fundraising plan: Ashwini Vaishnaw
The loss-making telco on March 5 invited its shareholders to participate in the extraordinary general meeting (EGM) on April 2 to approve the company’s Rs 20,000 crore equity fund-raising plan.
