BUSINESS
Silicon Valley fund Andreessen Horowitz ropes in Aditya Rane for India Fintech and Crypto
It wasn't immediately clear what Rane's role would be and where he would be based, but one source told Moneycontrol that this could be a sign of a16z launching operations in India.
INDIA
India's vaccine century: India Inc says 100 crore doses is a big confidence builder
India needs to continue to double down on the pace as it presses ahead to fully vaccinate the entire adult population, India's top business leaders and entrepreneurs have said.
BUSINESS
Interview | It is not a recovery, but a rebuild for the IT industry: Nasscom President Debjani Ghosh
In an interview with Moneycontrol, Ghosh spoke about the need to move away from just cost advantage, the unprecedented war for talent and the startup boom in India.
BUSINESS
We shrank to grow; scale doesn’t scare us: L&T Infotech CEO Sanjay Jalona
The great restructuring of this time is scripting a change in the future of work as well as the workforce, says L&T Infotech CEO Sanjay Jalona. And it is creating huge opportunities because every vertical, industry and company needs to adapt to the new normal.
BUSINESS
Exclusive: IPO-bound Ola's COO and CFO to exit the company
Nitin Gupta, who was the CEO of Ola Financial Services, also resigned last year, while Ola's chief business officer Sanjay Bhan, also left the company in less than a year.
BUSINESS
Optimistic about products and platforms business as we move into next year: HCL Tech CEO C Vijayakumar
Demand from the market is very good and the company is focused on organic growth, HCL Tech CEO C Vijayakumar told Moneycontrol. He also outlined the WFH/WFO model HCL Tech is likely to follow as the pandemic eases.
BUSINESS
Want to end FY22 with industry-leading growth: Mindtree CEO Debashis Chatterjee
Mindtree has been hiring and will continue to hire people for leadership roles from other tier-1 companies, CEO Debashis Chatterjee told Moneycontrol. Read on to find out why.
BUSINESS
Wipro to hire 17,000 freshers in FY22: CFO Jatin Dalal
The company plans to recruit 40 percent more freshers than originally planned even as it says the current high rate of attrition could continue for the next couple of quarters
BUSINESS
Started Mobikwik from my living room; we are very kicked to go public, says Founder Upasana Taku
Markets regulator SEBI has cleared the decks for Mobikwik’s Rs 1,900 crore IPO. Founder Upasana Taku takes us through the fintech’s ups and downs from its humble beginnings 12 years ago as well as its plans for the future
BUSINESS
Infosys CEO says income tax portal seeing steady progress, 1.9 crore returns filed
Salil Parekh added that 3.8 crore users have completed transactions and that 2-3 lakh returns are getting filed every day.
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
Girish Mathrubootham: Freshworks IPO is a Roger Bannister moment for Indian SaaS, 'apna time aa gaya'
The Freshworks IPO has created 500 crorepatis in India, 70 of whom are below 30 years of age, Mathrubootham told Moneycontrol in this interview.
BUSINESS
Freshworks IPO creates more than 500 crorepatis in India, with 70 of them aged below 30
The Nasdaq listing comes amid increased digitisation and growing adoption of remote work during the Covid-19 pandemic, which has seen SaaS IPOs in the US perform spectacularly, creating billionaires overnight
