TECHNOLOGY
Family is happy, she richly deserves this nomination: Narayana Murthy reacts to Sudha Murty being elected to Rajya Sabha
Sudha Ji's contributions to diverse fields including social work, philanthropy and education have been immense and inspiring, Prime Minister Narendra Modi said.
TECHNOLOGY
CCI must act against anti-competitive behaviour: Info Edge's Sanjeev Bikhchandani amid Google app billing row
Google delisted five of Info Edge’s apps, including Naukri, 99acres and Shiksha, from the Play Store on March 1
TECHNOLOGY
Flipkart asks senior executives to work from office five days a week
Under the current arrangement, most of Flipkart's employees work from the office for three days and from home for two days each week.
BUSINESS
Despite RBI’s tightening of unsecured loan norms, Navi scaling up well, says Sachin Bansal
Navi Finserv’s third non-convertible debentures opens on February 26 with an issue size of Rs 600 crore. The fintech’s two previous NCDs had raised close to around Rs 1,000 crore
TECHNOLOGY
India is one of the toughest markets for Uber, says CEO Dara Khosrowshahi
Despite the challenges, Khosrowshahi said the company plans to expand its low-cost service segments, particularly two-wheeler and three-wheeler services in India.
TECHNOLOGY
Google created a terrible internet; we can create a win-win solution: Perplexity AI’s Aravind Srinivas
In an interview to Moneycontrol, Perplexity AI’s co-founder and CEO Aravind Srinivas speaks about his AI startup’s competitive advantage over Google, plans for India, business model and why the AI gold rush will continue.
BUSINESS
Perplexity AI has more than 1 million users in India, says co-founder Aravind Srinivas
Perplexity AI plans to collaborate with startups such as Sarvam AI that are developing India-specific LLMs in the future
TECHNOLOGY
Atal Setu, Coastal Road, Metro: Why Dream11's Harsh Jain believes Mumbai startup scene will take off
Navi Mumbai can be to Mumbai what Brooklyn and Queens are for New York, says Dream11 co-founder Harsh Jain
BUSINESS
HCLTech warns employees to report to office thrice a week or face disciplinary action
“Non-compliance... will be treated as unauthorised absence and call for disciplinary action in line with company policy,” the company said in the missive.
TECHNOLOGY
Efficiency engineering, cost reduction driving BFSI deals: HCLTech’s Srinivasan Seshadri
HCLTech posted 13% YoY growth in constant currency terms for financial services in Q3, while peers TCS and Infosys reported a YoY decline.
TECHNOLOGY
Insurance to Internet: Can Tata Digital’s new CEO Naveen Tahilyani fix Neu?
Tapping an insurance veteran to lead a company that operates in a fierce internet battleground may seem unconventional, but those familiar with Tahilyani see it as an inspired choice.
TECHNOLOGY
Ankur Dhawan steps down as upGrad Abroad president
This is the second such top-level switch in 2024 at the higher education and upskilling unicorn upGrad. The company has now appointed Ankur Nyati, former COO of WhiteHat Jr and Utkarsh Classes, to take over the position effective immediately.
BUSINESS
Ather Energy CFO Deepak Jain to leave, Sohil Parekh named successor
These changes come at a time when Ather is gearing up for a public listing in the next year, and months after it raised funds from existing investors
BUSINESS
PhonePe expands board, inducts former revenue secretary Tarun Bajaj, two executives from Walmart
PhonePe has been broadening its ambitions beyond payments, with the launch of an e-commerce-focused app called Pincode and an investment app for stocks and mutual funds called Share. Market.
BUSINESS
Group of Indian startup founders write to PM Modi, FM, RBI urging rollback of sanctions on Paytm
The letter signed by at least 12 founders claimed that the punitive directions of the Reserve Bank of India on Paytm Payments Bank can have "detrimental consequences for the FinTech ecosystem"
TECHNOLOGY
Byju's investors issue EGM notice for founders' ouster, say 'deeply concerned' about stability of company
Byju's recently launched a rights issue to raise $200 million from existing investors at $225 million valuation
BUSINESS
Increasing customer frequency to Flipkart app is key, says CEO Kalyan Krishnamurthy
Flipkart has around 500 million users on its platform, while expansion is key the firm has turned its main focus towards increasing the user frequency to the app.
BUSINESS
Flipkart will go slow on hiring, says CEO Kalyan Krishnamurthy
The Walmart-owned e-commerce giant recently let go of 1,000 employees, as part of its annual performance review exercise. The prolonged funding winter saw major Indian startups handing out pink slips to their employees in 2023, as companies attempt to realign cost structures.
BUSINESS
MC Interview: No better job than Flipkart CEO in the world, says Kalyan Krishnamurthy
After seven years at the helm, e-commerce chieftain talks about steering the internet behemoth through changes in India's retail sector, changing ownership of the company, and ongoing AI disruption. Krishnamurthy believes the next phase in e-commerce growth lies in fixing the gap between people who buy monthly and those who buy once a year.
TECHNOLOGY
Governance in Indian startups needs to improve, more independent directors needed: Flipkart CEO Kalyan Krishnamurthy
According to Krishnamurthy, shareholders and management are too closely involved with the company for them to raise tough questions.
TECHNOLOGY
MC Interview: Flipkart to launch its payment product within a month, says CEO Kalyan Krishnamurthy
Even as e-commerce giant Flipkart is expanding its financial services portfolio with credit, UPI and insurance, Krishnamurthy says the aim is to enhance the frequency of transactions on the ecommerce platform, adding that it has no ambitions to become a large payments company.
BUSINESS
Overhiring or AI impact: Indian IT firms divided on why employee headcount is declining
The industry is divided over whether disruptive technologies such as generative artificial intelligence (Gen AI) are making certain jobs redundant.
BUSINESS
Top honchos of TCS, Infosys, Wipro, HCLTech, Cognizant turn optimistic amid uncertainties
The broad consensus that green shoots are perceivable on the horizon by the who’s-who of the IT world assumes significance as these companies have struggled in the past couple of quarters with tepid demand leading to muted quarterly performance.
TECHNOLOGY
Byju's launches rights issue to raise $200 million from existing investors at $225 million valuation
Rights issues are typically valued much lower than the fair market valuation of a company to attract existing investors to double down on their bet
