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.
BUSINESS
Product and platform business is Tech Mahindra’s next big growth opportunity
Tech Mahindra's CEO and MD CP Gurnani expects the business to touch $1 billion in revenue in less than three years. Going forward, product and platform business will be a key differentiator for the company.
BUSINESS
Decisions delayed but clients not asking for price cuts: Tech Mahindra CEO CP Gurnani
Tech Mahindra CEO and Managing Director CP Gurnani also said that digital innovation and business transformation remain a "big conversation" and area of interest among its clients.
BUSINESS
True benefits of generative AI will depend on its enterprise use cases, says Nasscom chairman Krishnan Ramanujam
Many Nasscom member companies are hard at work, looking for use cases where the generative AI technology can be beneficial, says Krishnan Ramanujam
BUSINESS
Parliamentary panel has approved data protection bill, says Ashwini Vaishnaw
The draft digital data protection bill was published in November 2022 for extensive public consultation
BUSINESS
Generative AI like ChatGPT is changing the landscape of software: Hotmail co-founder Sabeer Bhatia
Sabeer Bhatia expects that AI assistants like ChatGPT and Bard will bring to software the same transformation that robotics brought to manufacturing.
BUSINESS
Crypto exchange BitBNS admits to funds getting compromised in 2022, clarifies on alleged hack of $7.5 million
This comes hours after an independent crypto scam researcher, ZachXBT, tweeted that the cryptocurrency exchange was covering up a $7.5 million hack under the guise of system maintenance.
BUSINESS
Is rehab tech the next startup opportunity?
BUSINESS
We are heading towards a creative economy and India is unprepared for that: Hotmail co-founder Sabeer Bhatia
Speaking at the NASSCOM Technology and Leadership Summit 2023, Sabeer Bhatia said that 90 percent of business ideas coming out of India are copycat ideas.
BUSINESS
Coinbase to delist Binance USD stablecoin citing regulatory concerns
Coinbase will stop listing BUSD from March 13, coming two weeks after Paxos Trust decided to stop minting the stablecoin.
BUSINESS
Angry creditors file affidavit to block Vauld's third moratorium extension
Creditors alleged lack of transparency and failed attempt at coming up with a restructuring scheme in the affidavit accessed by Moneycontrol.
BUSINESS
SIDBI is seeing 2.8-3.2X initial returns on Fund of Funds for Startups scheme, will wait till 2025 to plan next corpus: CMD S Ramann
In an interview with Moneycontrol, Ramann said that the scheme which allocates capital to alternative investment funds (AIFs) investing in startups, has about 14 unicorns in its portfolio and many more soonicorns.
BUSINESS
Big 4 auditors need to double down on diligence to net willful fraudsters, says Sequoia Capital’s Rajan Anandan
Sequoia Capital’s Rajan Anandan stated that the ecosystem should focus on startups much earlier in terms of governance practices that need to be put in place.
BUSINESS
ChatGPT, Web 3, public blockchain will drive innovation in Indian insurance sector: IRDAI chairman Debasish Panda
IRDAI chairman Debasish Panda said insurance products will see more customisation at an individual level going forward
BUSINESS
Indian IT companies to see resilient demand despite cloudy outlook on hyperscalers
According to industry experts, client companies are in the phase of realising the benefits of aggressive cloud-related investments they made in the last couple of years. Therefore, IT services companies will continue to get more deals on consulting and optimisation of existing cloud spends.
BUSINESS
Insurtech startup InsuranceDekho raises $150 million in Series A round led by Goldman Sachs and TVS Capital
The fresh capital will be used to scale product and tech functions and strengthen the leadership team.
BUSINESS
AWS, Azure, Google Cloud report single digit YoY growth by annual contract value in Q4CY22
Industry experts call emerging markets like India and Asian countries a saving grace as tech spending continues to go down in the US and Europe – key markets for hyperscalers.
BUSINESS
GoMechanic crisis: Startup funding due diligence to get stricter and longer
As the final verdict on GoMechanic awaits, the VC ecosystem is rethinking its ways. Founders will find their funding getting delayed and there will be more questioning. Even early-stage investments may take longer time now, investors said.
BUSINESS
Ahead of its global expansion, Chingari gets equity investment from a16z-backed Aptos Labs
Aptos Labs which operates Aptos Network and blockchain will host Chingari’s upgraded application to be launched in the second quarter of 2023.
BUSINESS
WazirX calls out Binance’s allegations, says user assets are safe
Binance accused WazirX of driving false narrative about it based on its use of Binance’s wallet services
BUSINESS
Loan apps ban: Industry insiders call it a good move to remove bad actors
Fintech startup founders weigh in possibilities of illegal cross border data sharing and cybersecurity threats
BUSINESS
Up to 42% of new customers till date come at zero acquisition costs: Jupiter’s Jitendra Gupta
The neobank founder says for businesses such as neobanks and lending platforms to succeed and grow, apart from traditional core business fundamentals, customer acquisition costs needs to be capped and strategised better
BUSINESS
CBDCs will bring a lot of opportunities for fintech community: RBI official
The Reserve Bank of India is encouraging fintech companies to create innovative solutions for Central Bank Digital Currencies (CBDCs) that can be accessible to citizens without internet access.
BUSINESS
Binance to stop wallet services to Zanmai Labs-owned WazirX
In its latest blog, Binance said, “It is in the interests of Binance and the public that Zanmai is not permitted to perpetuate false narratives on the basis of their use of Binance’s wallet services. We view such false claims as an attempt to shift the responsibility over WazirX’s operations to Binance.”
