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.
