BUSINESS
Indian crypto exchanges lose 34-50% of trading volumes following FTX collapse
Crypto trading volumes have been down since April 2022; now with the FTX collapse, industry experts don't expect recovery for at least the next six months.
BUSINESS
IT mega deals of over $100 million hit a historic low in September quarter
The growth in the IT sector was driven by smaller deal wins which saw the biggest jump on YTD basis, while mega deals continue to remain flat. Industry experts expect this trend to continue in the December quarter as well.
BUSINESS
We will have seven new products by the end of next year, including FDs, ETFs, and mutual funds: CoinSwitch's Ashish Singhal
"At heart, we will always be a crypto company. But the problem that we are trying to solve is investment itself," says CoinSwitch CEO Ashish Singhal
BUSINESS
What’s driving government’s IT spending globally in 2023?
BUSINESS
Fuzzy future for Crypto tax filing firms
A bunch of crypto tax compliance firms have sprouted to help with India’s hairy crypto tax laws. But like the crypto, their survival may also be in question.
BUSINESS
CoinSwitch rebrands ahead of wealth tech foray
CoinSwitch’s new app will be having a content-first approach through bite-sized information, aided by visuals, enabling users to make data-backed investment decisions.
BUSINESS
Short video app Chingari looks to expand into new markets in 2023, ramp up hiring
Chingari co-founder and COO Deepak Salvi said the platform plans to hire 400-500 people worldwide.
BUSINESS
Data Governance Policy: Govt may soon begin assembling anonymised datasets, says Rajeev Chandrasekhar
Minister of State in Electronics and IT Rajeev Chandrasekhar sees application of these databases in governance, including in operating drones for better mapping of physical assets and properties
BUSINESS
IT sector remains resilient as cost-supply equation improves: Moshe Katri
According to Katri, there are no signs of a slowdown in demand, and the worst-case scenario is a one-to-two-month delay in budget cycle decisions.
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.
