BUSINESS
Tech Mahindra hired 6,862 freshers in Q1, attrition rate declined
Tech Mahindra had added around 6,106 new hires in Q4FY22 and 5,209 in the same quarter last year.
BUSINESS
Corporate crossings | ChrysCapital ropes in former L&T Infotech boss Sanjay Jalona as operating partner
Sanjay Jalona will be based out of the US and will be closely working with the advisory team led by Akshat Babbar in sourcing, identifying, evaluation, management and exit related activities
BUSINESS
All you need to know about the Indian men charged with crypto's first insider trading case
Wahi brothers and their friend made illegal gains of $1.5 million by purchasing tokens ahead of their listing on Coinbase and selling them later
BUSINESS
Building resilience, profitability around BNPL product is tough: QED Investors’ Asia Head
BNPL start-up founders will have to innovate to sustain the business through privileged access, technology, underwriting loans, etc, says Sandeep Patil
BUSINESS
Cheque sizes for early stage startups are down by 10-15% in last 2-3 months: B Capital's Karan Mohla
We aren't seeing valuations go up in the early stage, valuations are probably holding up to what they were in the last one year. Instead round sizes have come down a little bit, said Karan Mohla
BUSINESS
Eduardo Saverin’s B Capital closes $250 million fund to invest in early-stage startups
The latest fund will be focused on finding start-ups across digital healthcare, enterprise software, fintech and logistics, among other growing industries
BUSINESS
Inside the break-up of India’s largest crypto industry body
Here’s what’s brewing inside Indian crypto firms after the Blockchain and Crypto Assets Council was dismantled by the Internet and Mobile Association of India, its parent lobby
BUSINESS
Metaverse is no longer an experiment, we have started seeing prospective projects: LTI management
While short-term prospects of the company for the next two quarters look positive, the management remained cautious of the demand cycle in the quarters beyond calendar year 2022.
BUSINESS
Clients will relook 2023 tech budgets, we remain cautious: LTI Management
LTI witnessed a net new deal TCV of $79 million in Q1FY23, which remains flat as in Q4FY22, where the company reported $80 million worth of new deal TCV.
BUSINESS
Delays in INR withdrawals on Bitbns, users flag issues on social media
INR withdrawals are delayed due to some issues from relevant authorities, the cryptocurrency exchange has said
CRYPTOCURRENCY
IAMAI to dismantle crypto exchange body, cites compliance issues
The Internet and Mobile Association of India's decision is a blow to BACC, the only council representing crypto exchanges in India
BUSINESS
OneCard enters unicorn club, raises over $102 million, led by Temasek Holdings
Post this round, the promoters will continue to hold a 29.99 percent stake in the start-up.
BUSINESS
Coinbase to do away with slide decks, streamline product teams
The company will also be splitting its teams into smaller ‘pods’, which will limit the number of members in a team to less than 10 at any given point.
BUSINESS
HCL Tech's order book grows 23.4% YoY to $2.05 billion in Q1
The company had a strong booking with 16 deals across life sciences, healthcare, manufacturing, financial services and technology segments.
BUSINESS
HCL Tech adds 2,089 employees in Q1; attrition rate rises to 23.8%
The company has been outsourcing employees from its new frontier locations including Sri Lanka, Vietnam, Romania, Mexico, Costa Rica, and Brazil.
BUSINESS
Bitbns introduces ‘Zero TDS’ on Crypto SIP investments
The platform claims to have pioneered crypto SIP in India, with an active folio worth over 200,000. The exchange also introduced 19 new tokens on its SIP platform, delivering investors greater flexibility in their SIP investments.
BUSINESS
TCS reports growth numbers of restructured business groups in Q1
While the Business Transformation Group grew 5.6 percent in the first quarter, Relationship Incubation Group reported over 5 percent growth and the Enterprise Group grew by 17 percent YoY
BUSINESS
Twitter’s legal tussle with Indian govt will set important precedent on internet censorship: Analysts
Activists and civil society organisations weigh in on Twitter’s case against the government regarding some of the blocking orders issued under Section 69 A of the IT Act
BUSINESS
Proposed amendments to IT Rules 2021 will cause operational uncertainty for intermediaries: NASSCOM
The industry body also aired its concern regarding pre-censorship arising out of the proposed amendments and requested Ministry of Electronics and Information Technology to make changes in the text of the rules in this regard
BUSINESS
Indian cryptocurrency exchanges lost over 75% monthly trading volumes in last six months
Venture capital firms invested in these startups believe that cryptocurrency is the asset of the future for long-term technological advancements.
BUSINESS
Rajesh Nambiar loses ‘executive’ position at Cognizant, takes a pay cut
Nambiar, however, will continue to be a part of the company as the Executive Vice President, Chairman, and Managing Director of Cognizant India, the IT services major informed in an SEC filing in the US on Wednesday.
BUSINESS
Google launches start-up school, targets 10,000 non-metro entrepreneurs
The programme will focus on finding 10,000 start-ups beyond the metros, in tier 2 and tier 3 cities, and is aiming to onboard them by December.
BUSINESS
As exchanges face uncertainty, CoinSwitch’s Ashish Singhal explains business model on Twitter
“At present, we do not lend crypto, offer interest on crypto deposits or balances, or reinvest users' crypto. However, we are a user-centric company & we continuously listen to our users’ asks," Singhal said.
BUSINESS
Tech Mahindra opens campus in Coimbatore, plans to add 1,000 associates in FY23
The new campus will be used to develop technology stack pertaining to Intelligent Automation, Artificial Intelligence, and Robotic Process Automation.
