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
BUSINESS
Minister Rajeev Chandrasekar unveils white paper charting IBM’s India Quantum strategy
IBM’s new white paper talks about how India has the opportunity to build capacity in quantum computing.
BUSINESS
Moonlighting 'not ethically right': IBM’s Sandip Patel backs Rishad Premji's stance
Wipro chairman Rishad Premji has described moonlighting as "cheating - plain and simple".
BUSINESS
Exclusive | HCL Technologies lays off 350 employees working on Microsoft project
The laid-off employees worked on news projects with Microsoft. Their last working day is September 30
BUSINESS
IIT Madras becomes first Indian institution to join IBM Quantum Network
IIT-Madras will join a network of 180 global members including a community of Fortune 500 companies, start-ups, academic institutions, and research labs
BUSINESS
Bengaluru’s rain-related infra woes reignite WFH debate
While the city’s infrastructure problems need to be addressed on a war footing, experts feel that Bengaluru remains an attractive destination for employers and employees alike.
BUSINESS
LetsVenture’s trica co-founder and CEO Nimesh Kampani quits
Prior to joining trica, Kampani led the investor relations function at Kotak Mahindra Bank, and was part of the strategy team
BUSINESS
IT companies’ metaverse ambitions may slow as clients turn cautious
There’s not much client spending on the metaverse and Web3 right now, though the technology provides immense possibilities and opportunities.
BUSINESS
TCS, Wipro and HCL closely monitor situation amid Bengaluru rains, caution employees
Wipro is invoking plans to continue business while TCS has internally cautioned delivery teams to ensure safety.
BUSINESS
Tiger Global coming at early-stage investing is good for us: Fundamentum's Sanjeev Aggarwal and Ashish Kumar
Nandan Nilekani's Fundamentum Partnership stayed away from any new investment in 2021 as the firm couldn't find companies where it thought it would be able to generate returns.
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
