BUSINESS
Use ‘Cold Wallets’ to avoid Solana-like hacks : Indian Crypto Exchanges
Around 8,000 internet-connected hot wallets lost Solana-based tokens worth over $7 million
BUSINESS
In third affidavit, Vauld names its top 20 creditors
Most of the creditors are in support of Vauld's application except around eight from the top 20 creditors, as per the affidavit.
BUSINESS
Big Tech job openings in India slump significantly amid larger slowdown
Active job openings across Facebook, Apple, Amazon, Microsoft, Netflix, Google were down to 9,000 from their average listing of at least around 40,000 jobs
BUSINESS
Kotak Investment Advisors launches Fund of Funds, targets Rs 1,500-crore fund raise
The Fund will be exploring multiple sectors including consumer, technology and healthcare
BUSINESS
Singapore court grants three-month moratorium to Vauld
Vauld's operations remain suspended as customers await withdrawals
BUSINESS
New client addition slows down at top 4 Indian IT firms
TCS, Infosys, Wipro and HCL added 60 clients in the $1 million plus revenue band in Q1FY23, down from 91 clients added in the same band in Q1FY22
BUSINESS
Cryptocurrency exchanges bet on long-term products after trading volumes crash
The exchanges are pinning their hopes on systematic investment plans, loans, and futures trading to attract retail investors with longer-term horizons.
BUSINESS
Fewer deals, falling margins: Recession blues hit the Indian IT sector
Supply-side constraints and macro uncertainties weigh on the margins of IT companies in Q1
BUSINESS
Meta partners with NewsMeter to expand fact-checking programme in India
Globally, Meta's Facebook has started reallocating resources for News Tab to focus on creator's economy
BUSINESS
Top 5 Indian IT companies hire 59,704 employees in Q1
TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra’s net workforce additions stood at around 85,720 in the fourth quarter of the last financial year
BUSINESS
Tech Mahindra working on 60 metaverse projects globally: CEO & MD CP Gurnani
Deal wins for Q1 stood at $802 million, in line with management expectations
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.
