BUSINESS
Budget 2023: Startup industry body seeks changes in direct and indirect taxes
IndiaTech.org which represents start-ups like MakeMyTrip, Nykaa, Ola, Policybazaar, Dream11, BharatMatrimony has sent a two separate submissions of direct and indirect taxes recommendations on December 8
BUSINESS
Rahul Pagidipati returns as CEO of ZebPay after Avinash Shekhar steps down
Shekhar will embark on his entrepreneurial journey with the launch of his own venture in the Web3 space.
BUSINESS
Microsoft expects correction in cloud spending as clients return to office: Irina Ghose
Microsoft India COO Irina Ghose believes that client investments in newer technologies such as data and AI will enable it to provide competitive differentiation to its customers.
BUSINESS
Tech Mahindra launches Cloud BlazeTech platform, plans to increase focus on cloud, telecom verticals
The company expects its cloud vertical to generate $550 million in revenue by 2022
BUSINESS
Tiger Global, SoftBank are the culprits. They are the bad guys: Inventus Capital's Kanwal Rekhi on private market slowdown and correction
In a no holds barred interview, Rekhi said SoftBank pushed for growth instead of profitability and that a growth-stage startup with no profitability is nonsense.
BUSINESS
Decarbonisation platform Accacia raises seed funding led by Accel and B Capital
Both B Capital and Accel Partners raised new funds of around $250 million and $650 million respectively earlier this year
BUSINESS
Jobs: It’s not all gloom and doom; these Indian start-ups are hiring
Start-ups, especially in the early stages, have been on a hiring spree for tech talent. However, average pay packages have dropped 12-18% year on year.
BUSINESS
Budget 2023: Crypto industry body calls for rationalisation of taxes, regulatory body
Crypto industry body Bharat Web3 Association is expected to meet the Finance Ministry officials next week, according to sources.
BUSINESS
IBM plans to train 500,000 Indians in cybersecurity over the next five years
Cybersecurity is a major investment focus and growth vertical for IBM in India the rest of the Asia-Pacific. Earlier this year, the technology giant launched its second global cybersecurity hub in India. India is home to three IBM development facilities that build software and security products exported to IBM sellers and clients globally.
BUSINESS
WazirX blocked over 700 suspicious accounts between April-September 2022
Around 40 percent of the queries received from Law Enforcement Agencies (LEAs) were related to Ponzi schemes and social engineering scams.
BUSINESS
India has very promising two-three decades ahead of it: Tata Sons' N Chandrasekaran
According to Chandrasekaran, a company's fitness depends on its cash flow. One cannot build a company for valuations alone. Valuation will come and go.
BUSINESS
India is setting the benchmark for innovation and unique products: Ajit Mohan
Mohan added that a decade ago, India used to refer to successful Western models that could be replicated in India. "You had a model that worked elsewhere; you could replicate it and make it work here in India," he said.
BUSINESS
How are crypto investors celebrating the FIFA World Cup?
BUSINESS
Diabetes care start-up BeatO raises $33 million in Series B led by Lightrock India
HealthQuad and Flipkart also participated in the Series B funding round
BUSINESS
Impact of metaverse on Asian GDP may touch $1.4 trillion per year by 2035: Report
The potential 2035 economic impact of the metaverse in India is around $79 to $148 billion per year, or 1.3 to 2.4 percent of the overall GDP.
BUSINESS
LTIMindtree CEO Debashis Chatterjee rules out layoffs in merged entity, hopeful of full integration by FY23 end
The goal is to have an industry-leading profitable growth story as LTIMindtree and as a part of that journey, the company will definitely look at inorganic at the right time for the right opportunity, says Chatterjee
BUSINESS
Sam Bankman-Fried: The fall of the crypto king
On November 11, FTX filed for Chapter 11 bankruptcy protection in the US. Bankman-Fried, too, resigned as CEO after his crypto empire came under scrutiny for its financial practices.
BUSINESS
Binance-FTX saga will have ripple effect on regulation, hiring, confidence: Indian crypto founders
In India, a mix of regulatory uncertainty, hefty taxation, and declining cryptocurrency prices have taken a toll on startups, exchanges, and companies in the sector.
BUSINESS
Large and mega deals dry up for TCS, Infosys, Wipro, HCL Tech
Despite the pipeline drying up, the big four tech companies remain bullish on client spending and the demand outlook for large deals in the upcoming quarters
BUSINESS
Binance to acquire rival FTX
"Our teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered 1:1," FTX founder and CEO Samuel Bankman-Fried SBF said.
BUSINESS
Moonlighting is caused by low pay, dissatisfaction with IT firms: Former HCLTech CEO Vineet Nayar
With the growing culture of entrepreneurship and start-ups in India, it will be impossible to stop moonlighting entirely, as most start-ups and even many Indian IT firms began as side hustles of the founders while they worked full-time for established organisations, Nayar explained
BUSINESS
Employees abandon the crypto dream for more stable, traditional jobs
Crypto entities seek new growth avenues as employees depart amid uncertainty
BUSINESS
Tech Mahindra’s revenue from 5G solutions may touch $1 billion in FY23
Earlier this year, the IT services company said 5G would be a key deal enabler for FY23
BUSINESS
Nearly 65% of organisations employing gig workers in 2022: Report
Gig worker economy is expected to have a gross volume of approximately $455 billion globally by 2023. Indian gig workforce is expected to touch 23.4 million by FY30.
