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
BUSINESS
HCLTech’s order book grows 6% YoY to $2.38 billion in Q2
The company won over 11 large deals, eight of which were in services while three were in products.
BUSINESS
HCLTech adds 8,359 employees in Q2FY23; QoQ attrition rate remains flat at 23.8%
Fresher addition for the quarter stood at 10,339
BUSINESS
5G has the potential to be leveraged by every business: TCS COO
There will be significant innovations to watch for in sectors such as life sciences, healthcare, education, and agriculture and the company will remain actively focused on them, COO N Ganapathy Subramaniam has said
BUSINESS
How Flipkart became the showstopper this season
BUSINESS
Demand for services stays strong, but there's increasing sense of caution: TCS chief executive
TCS said that there were no mega deals wins during this quarter, and while they did secure a few deals in the range of $400 million, it was spread out across sectors.
BUSINESS
TCS Q2 Results: Five things to watch out for
TCS CEO Rajesh Gopinathan stated last quarter that he expects the demand pipeline to remain strong in Q2, but that he will be wary of the macro-environment. Since then, a lot has changed.
BUSINESS
Nykaa enters into strategic alliance with Apparel Group to enter GCC market
This is Nykaa’s first foray into international markets to launch a new omnichannel beauty retail brand
BUSINESS
HCLTech to open new campus in Brazil, plans to add 1,000 employees
The company is a top employer in Brazil and is scaling up operations thereby adding local and global client base across industries.
BUSINESS
Google launches accelerator for circular economy start-ups in Asia-Pacific and North America
Google plans to on-board 10-15 start-ups and non-profit organisations in the first cohort
BUSINESS
IT firms hail 5G launch as game changer for digital transformation
The next wave of digital disruption, immense opportunities across industries and a big push for innovation is how IT firms see the launch of the fifth generation of mobile technology in India
BUSINESS
India is the testing ground and microcosm for Instagram Reels’ performance, say Meta leadership
Interestingly, India was the testing ground for the product before it took off globally
BUSINESS
We don't do 24-month projects, we can deliver in a few weeks: Snowflake India MD
While multi-cloud managed SaaS from Snowflake has been present in India and the Southeast Asia region, Vimal Venkatram became its first hired employee in the region about three and a half years ago. He says India is a big market for Snowflake as it is set to get its first public sector project here.
BUSINESS
What's deciding new smartphone features?
BUSINESS
Moonlighting a phase, similar to China’s in the early 2000s: H&S senior executive
It is partly due to the cost of living, partly because of the need to learn more and upskill oneself, and companies should accept it, says David Hui, regional managing partner at Heidrick & Struggles.
BUSINESS
Crypto exchange ZebPay's CEO Avinash Shekhar quits; to launch his own web 3.0 start-up
But ZebPay has big plans, going forward. Not just operating as a cryptocurrency exchange, which looks to be an unsustainable business proposition amidst the ongoing turmoil, ZebPay is exploring solutions such as becoming a financial advisor, almost like a crypto investment bank, for cryptocurrency start-ups.
BUSINESS
Govt may allow creation of joint IPs between foreign companies, Indian start-ups: IT minister
Minister of State for Electronics and Information Technology (IT) Rajeev Chandrasekar said that the government is in the middle of creating one of the largest data set programmes which will enable access to anonymised and non-personal data on the platform for the entire AI ecosystem.
BUSINESS
IVCA appoints Sequoia Capital’s Rajan Anandan as chair of VC Council
IVCA announced new VC Council for 2022-24, Trifecta Capital's co-founder and managing partner Rahul Khanna will be the co-chair
BUSINESS
We’re late to the SaaS party, but we’ll continue to make more investments there: Prosus Ventures’ India Head
The VC firm remains slightly conservative in the mid term in terms of funding due to rate hikes and geopolitical uncertainty
BUSINESS
The final countdown to Ethereum Merge: All you need to know
Ethereum's price currently stands at $1,604 with a market cap of nearly $201 billion, having dropped from a high of $1,648.19 on September 15
