BUSINESS
IT sector active job openings in August drops 23% YoY: Xpheno
The development comes at a time when Indian IT companies are already facing challenges and delays in rolling out quarterly variable pay to the employees amidst margin pressures.
BUSINESS
Slowing in startup funding is healthy, signals return to basics: Sanjeev Aggarwal of Fundamentum
The funding slowdown is healthy because nothing was changing in the business but valuations were going up because of the fear of missing out for venture capital firms
BUSINESS
Vauld proposes to set up Committee of Creditors
The CoC is intended to act as a consultative committee and represent other creditors
BUSINESS
MC Explains | Why Reliance Jio bets big on standalone 5G architecture
During its Annual General Meeting, Reliance announced it will be deploying Stand-alone 5G in the country
TRENDS
Reliance to invest Rs 2 lakh crore in 5G roll-out, shares plans and opportunities for innovation
Speaking at its 45th Annual General Meeting (AGM), chairman Mukesh Ambani said, “To build pan-India True-5G network, Jio will invest Rs 2 lakh crore. The business case for 5G is so strong that we can achieve high-teens ROCE through a combination of mobility market share gains and SUC savings alone.”
BUSINESS
Fund will have a 10-12 year life cycle, won’t strategise based on the last 6-8 months : Bertelsmann India Investments’ Makkar
BII recently invested in two future-of-work themed start-ups from its newly announced fund of $500 million to be invested into Indian start-ups in the next few years.
MCMINIS
What’s making meme creation apps trend?
BUSINESS
Corporate Crossings | Former LTI CMO Peeyush Dubey appointed TheMathCompany's Chief Marketing & Strategy Officer
Dubey joins the company from Larsen & Toubro Infotech (LTI), where he served as the EVP and Chief Marketing Officer for the past seven years.
BUSINESS
Enterprise application software spend to grow 15% YoY in 2022 : Gartner report
Indian businesses are also expected to increase spending on email, authoring and content services to continue to support collaboration and remote/hybrid work.
BUSINESS
Chingari launches ‘video’ NFT marketplace
Creators on the Chingari app can convert and sell their NFT videos to earn revenue
BUSINESS
Demand for IT companies to remain strong for next 18 months, experts say
A survey by investment firm Wedbush Securities shows that IT companies’ clients maintain a positive intent to spend on technology both in the second half of the calendar year 2022 and the first half of 2023
MCMINIS
How prevention is getting the better of cure
BUSINESS
India's deep-tech startups grew at a CAGR of 53% over 10 years: NASSCOM
As of CY21, there were around 3,000 deep-tech startups in the country. Of these, more than 210 were launched in 2021 itself, Nasscom has said in a report brought out in partnership with global strategy and consulting firm Zinnov
BUSINESS
SaaS Wars: Will Google Workspace and Microsoft 365 price increases be Zoho’s gain?
Zoho saw 130-150 percent jump in monthly migrations from Google since the hikes were rolled out.
BUSINESS
Indian MSMEs raise concerns over new pricing of Google Workspace
The new policy would cost Indian MSMEs an additional Rs 2,000-5,000 crore every year for certain services they would never use.
BUSINESS
E-commerce SaaS start-up Graas raises $40 million in first close of Series A
Graas has already invested a part of the funding in acquiring Shoptimize Inc and SELLinALL
BUSINESS
Vauld disagrees with ED freeze on Rs 370-crore bank assets for money laundering
Vauld is accused of lax KYC norms, loose regulatory control of allowing transfers to foreign wallets and non-recording of transactions on blockchains
BUSINESS
Braving funding winter, start-ups cut online marketing spends by 30-60%
With limited funds in hand, start-ups are rethinking marketing strategies
BUSINESS
Exclusive | KKR in talks to invest $50-70 million in Heads Up For Tails
HUFT is on an expansion spree, with plans to add 20 new stores in 2022 and strengthen omnichannel presence
BUSINESS
WazirX is an intermediary whose platform was misused: Zanmai Labs on ED’s order
Zanmai Labs' statement comes days after ED's announcement and disagreements with Binance
BUSINESS
ED investigation, Binance break-up—is brand WazirX crumbling?
Whether or not WazirX survives the ongoing blow, crypto investors’ trust in the company has taken a beating
BUSINESS
Fintech startup Jodo raises $15 million in Series A round led by Tiger Global
Jodo plans to double its team size to 300-350 over the next 18 months
BUSINESS
WazirX didn’t pass ownership, heated debates have been on for 2 years: Binance
Binance will not engage with WazirX going forward, and will ask Indian users to move assets to Binance.com, said the US-based crypto exchange
BUSINESS
Binance to cease off-chain fund transfers with WazirX
"Effective from 2022-08-11 03:00 (UTC), Binance will cease to support off-chain fund transfers between WazirX Exchange and Binance via the “Login with Binance” option,” said Patrick Hillman, Chief Communications Officer, Binance.
