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.
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
