BUSINESS
All eyes on CEO successor in waiting, BFSI contagion as TCS kicks off earnings season
A poll by CNBC TV18 shows that overall growth for Q4 is expected to be less than in Q3 as uncertainty continues to prevail amidst a tough business environment. QoQ revenue growth estimates have varied from 0.1 percent to 1.7 percent.
BUSINESS
Freshers cry foul as LTIMindtree delays joining, stokes fears of elimination
According to sources, about 600-700 freshers are impacted. In the face of global headwinds, other IT firms like Wipro and Tech Mahindra have also delayed on-boarding earlier
BUSINESS
IT may log in muted revenue in Q4, analysts see bleak near-term outlook for BFSI
Top-level exits and appointments, the banking crisis in the US and Europe, a worsening macroeconomic climate, and uncertainty about budgets for the new fiscal, all have contributed to this state of affairs.
BUSINESS
What’s in store? Excited Apple aficionados hope an end to long waits for the latest products, disappointing after-sales service
Apart from a better customer experience, they are also looking forward to experiencing the thrill of shopping at a proper Apple store in India
BUSINESS
Insurtech startup InsuranceDekho acquires Lightspeed-backed Verak
With this acquisition, InsuranceDekho will have a stronger foothold and presence in the SME insurance vertical and micro-business insurance schemes, founder and CEO Ankit Agrawal said.
BUSINESS
Info Edge Ventures-backed 1K Kirana lays off 40% workforce to restructure business
According to multiple sources privy to the matter, over 600 employees were let go across teams.
BUSINESS
The Good Glamm Group and actor Akshay Kumar enter into a JV to launch men’s grooming products
The Good Glamm Group expects a revenue run rate of Rs 100 crore in the next one year from this new men’s grooming category.
BUSINESS
Google Cloud will incorporate AI principles in all new products; India unit developing payment gateway
Google Cloud’s head of platform Amit Zavery discusses new AI capabilities for cloud, Vertex AI and offerings built by the India engineering teams with Moneycontrol.
BUSINESS
MC Explains: Why Coinbase and Binance are in the crosshairs of US regulators
The US Securities and Exchange Commission has been on a quest to crack down on digital currencies, more so after the fall of crypto exchange FTX.
BUSINESS
Cost optimisation in focus, moderation in growth expected: What Accenture's results mean for Indian IT companies
One analyst felt the layoffs are a correction that was inevitable as an overheated talent market cools off. Another emphasised that they were aimed at cost cutting because of the need to maintain margins.
BUSINESS
Organic Harvest and Sirona founders to exit The Good Glamm Group by next year
With this, the beauty and personal care unicorn will increase its stake to 100 percent in both brands. The company has started consolidating acquired businesses as it eyes profitability by FY24.
BUSINESS
Will be tough for governments to agree on a common crypto framework, says Binance CTO Rohit Wad
As people become more educated, they will want some of these assets and will ask their governments to allow them to use it in a safe and regulated manner, says Binance CTO Rohit Wad
BUSINESS
Global banking crisis adds to woes of IT firms, slowdown expected in near term
The next six months are going to be tough, with a slowdown in deals and decision-making delays but 2024 should see strong growth as many BFS firms cannot afford to keep delaying IT projects, experts said.
BUSINESS
TCS is a steady business, new CEO K Krithivasan will see a smooth transition, say industry experts
Analysts also praised former CEO Rajesh Gopinathan for building a consistent business through the pandemic and amid macro-economic challenges. Though not extraordinary, growth has been in line with industry trends.
BUSINESS
Who is K Krithivasan? The newly-appointed CEO of TCS
Krithivasan has been with company for over 34 years having joined in 1989. In his ongoing tenure, he has held various leadership roles in delivery, customer relationship management, large program management and sales.
BUSINESS
Crypto trading volume jumps 53% between Dec 2022-Feb 2023 on Indian exchanges
Industry players, however, are not convinced of the bear market ending anytime soon.
BUSINESS
NTT expects short-term margin pressure as competition grows in India data centre business
The Japanese company, however, says there will be consolidation in the sector in the long term
BUSINESS
Mohit Joshi’s appointment as Tech Mahindra CEO will bring BFSI and healthcare expertise: Industry experts
The company has to shed its over-reliance on the telecom and enterprise businesses, and capture large cost takeout deals, said analysts.
BUSINESS
Meet Mohit Joshi, the next CEO and MD of Tech Mahindra
The CEO role is not exactly new for Mohit Joshi, who was once appointed as the CEO of Infosys Mexico in 2007 and was instrumental in setting up the IT services behemoth’s first subsidiary in Latin America.
BUSINESS
Top crypto tokens crash 5-9% on Indian exchanges after Silicon Valley Bank crisis
This is the second shock for the crypto industry globally in less than a week, following the closure of Silvergate Bank which held funds of several global exchanges.
BUSINESS
HCLTech Engineering and R&D head Sukamal Banerjee quits
During his 26-year tenure with the company, Banerjee has been instrumental in establishing HCL's market leadership in the engineering outsourcing business, as well as in establishing some of the company's Top 5 accounts and large-scale partnership agreements.
BUSINESS
NTT to launch six data centres in next three months: India MD Sharad Sanghi
Nearly 70% of the capacity in these data centres has already been booked, said NTT India MD Sharad Sanghi. The company eyes $1 billion in revenue from India.
BUSINESS
We are on the path to becoming a $15-billion company: Fractal AI CEO Srikanth Velamakanni
In an interview with Moneycontrol, Velamakanni shed light on increasing investor interest in and growth prospects of artificial intelligence (AI) startups globally.
BUSINESS
Our strategy is customer-focused, won’t be impacted by succession: Tech Mahindra’s CP Gurnani
Gurnani has identified product and platform business and co-creating with customers as key growth areas, among its new business strategies.
