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.
BUSINESS
Coinbase-backed Vauld seeks 4 months more on moratorium as recast talks continue
Nexo too takes a 30-day extension for due diligence before acquiring Vauld
BUSINESS
SolarSquare raises Rs 100 crore in Series A led by Elevation Capital, Lowercarbon
The start-up will use the funds to expand its presence pan India and set up an NBFC to help finance solar installation projects.
BUSINESS
Our large deal pipeline is robust and better than ever, says Tech Mahindra CEO CP Gurnani
Tech Mahindra has reported net deal wins of $716 million and remains cautious of macro uncertainty
BUSINESS
Tech Mahindra’s attrition rate drops to 20% in Q2, hires 5,877 people
Tech Mahindra's attrition rate was 22 percent in the April-June period and 21% in the year-ago quarter
BUSINESS
Pain of Big Tech companies’ hiring slowdown visible in India
The current active job openings from FAAMNG companies are about 90 percent lower than their typical active hiring volumes.
BUSINESS
Electronics brand boAt raises Rs 500 crore from Warburg affiliate, Malabar; calls off IPO
BUSINESS
PE firm Jashvik Capital raises $350 million in the first close of its maiden fund
The firm invests in profitable growth businesses in the healthcare, pharma and consumer sectors in India
BUSINESS
We allow customers to mix and match storage plans: Google Workspace
Kelly Waldher, vice president for marketing at Google Workspace, addresses concerns of small businesses in India about costly storage plans and adds that companies can soon pool storage among their teams.
BUSINESS
IBM India MD Sandip Patel warns employees against moonlighting
IBM India MD Sandip Patel said that he wanted to be clear with his employees about the "much talked about" topic of moonlighting, adding that it could create a lot of confusion if not explained at a granular level.
BUSINESS
Inside Google Workspace's strategy to bank on future of work
Being the preferred choice for Millennial and Gen Z, Google sees significant growth headroom in the coming four to five years as more people from the next generation enter and lead workforces.
MCMINIS
How will worldwide IT spending grow in 2023?
BUSINESS
Had to let go a handful of people for moonlighting, says Persistent Systems management
Client engagements mandate us to have full-time employees, required to make it known to clients if employees are not full-time, says the company.
BUSINESS
Start-up industry body ADIF's top boss Sijo Kuruvilla George quits amid disagreement with member
With no day-to-day team and leadership in place in the organisation, a few members are thinking whether to continue with ADIF or create another association that would be more neutral
BUSINESS
Now, Google-backed ShareChat asks The Wire to pull down articles on Tek Fog after Meta
The company was accused of closely facilitating misuse of the app by the BJP.
BUSINESS
Tech Mahindra signs MoU with Gujarat, plans to hire 3,000 employees in 5 years
Tech Mahindra will be building digital engineering services for the state
BUSINESS
Conversational AI start-up Yellow.ai rolls out ESOP worth $43 million
The company currently has over 900 employees globally and plans to expand to Australia, Japan, Africa, Latin America, the US, the UK, and Europe while strengthening its presence in India, Southeast Asia, and the Middle East
BUSINESS
How TCS, Wipro, Infosys, and HCLTech fared in Q2FY23
While company executives largely conveyed that demand remains strong, they are wary of the ongoing global market uncertainty.
BUSINESS
September quarter was big and the next will be even bigger, says Larsen & Toubro Infotech management
LTI and Mindtree are expected to announce combined earnings from Q3 onwards; will boost deal pipeline
BUSINESS
Top Indian IT companies' subcontracting costs drop 10-60 bps QoQ in Q2
Analysts said that further decrease will be company specific and depend on deal requirements
BUSINESS
HCLTech joins ranks with TCS, Infosys, Wipro; says it doesn’t approve of moonlighting
No action has been taken against anyone so far; the company said it had found one or two stray instances which are being investigated currently
