BUSINESS
Exclusive: India’s electronics manufacturing is ready to move from import substitution to export-led growth, says Ashwini Vaishnaw
Electronics & Information Technology Minister Ashwini Vaishnaw said that another important factor in increasing local value addition would be to get the electronics design ecosystem up and running in the country.
TECHNOLOGY
Paytm 'loves' ONDC, gives it pride of place on homescreen of app
After missing out on the first wave of the UPI boom, the fintech major wants to make the most of the ONDC opportunity to rekindle its e-commerce ambitions
TECHNOLOGY
After chips, Sahasra unveils plan to make 100,000 laptops a month via PLI scheme
The electronics goods maker says it will invest up to Rs 250 crore in laptop production over six years; expects local value addition in laptops to hit 45 percent
TECHNOLOGY
Advertising is our biggest cost item and that’s where the maximum leverage will come from: Mamaearth’s Varun Alagh
After posting its first quarterly results as a public company, Mamaearth CEO says this is how life will be for ‘decades to come’
BUSINESS
Here’s how much top Sharechat execs made in FY23 when the unicorn logged losses of Rs 5,114 crore
Sharechat CEO Ankush Sachdeva was the only key managerial personnel whose remuneration remained unchanged from the previous financial year
BUSINESS
As new age companies race to profitability, Zomato brings down ESOP expenses quickest
Paytm bucked the trend of reducing ESOP costs during the first half of this financial year.
BUSINESS
Ashneer Grover family generated fake invoices that had bank account numbers created later, reveals EoW probe
BharatPe had filed a criminal complaint with the Economic Offences Wing on 17 counts, including embezzlement, forgery, and criminal breach of trust
BUSINESS
Credit boosts festive sales on Amazon as 25% of purchases made on EMI, says senior exec
Amazon saw customer visits during festive season rise 10% year on year to 110 crore
BUSINESS
Festive cheer for e-commerce driven by premiumisation of purchases, say industry experts
Consumers bought costlier mobiles, more jewelry and high-end beauty products even as order volume grew at a slow pace during the festive season
BUSINESS
MC Exclusive: SoftBank has marked up valuations of Swiggy, FirstCry, Ola Electric, says Vision Fund CFO Navneet Govil
Navneet Govil says twin Vision Funds have been stabilising in the past two quarters despite macro headwinds; calls out India portfolio as being a better performer relatively
BUSINESS
SoftBank has lost $14.3 billion on WeWork, top exec says 'what went wrong is homework for us'
SoftBank ready for big ticket investments whenever there's an opportunity, says management
BUSINESS
SoftBank Vision Funds record $3.86 billion investment loss in H1
Japanese mega investor in tech says it received proceeds of $5.12 billion in Arm IPO
BUSINESS
Info Edge’s notional loss from investment in 4B Networks stands at Rs 532 crore
While Info Edge’s cash infusion in the startup stood at Rs 288 crore, the rest is the notional loss from a higher valuation that the startup commanded earlier. Info Edge has a 59% stake in the proptech firm.
BUSINESS
No signs of recovery in IT hiring, big GCCs also impacted by slowdown: Info Edge CEO
Info Edge CEO Hitesh Oberoi says while volume of IT hiring on the Naukri platform has dropped, salaries offered in the sector risen by around 15 percent
BUSINESS
Pratilipi closing in on Rs 30-crore funding round as KPMG flags runway problem in audit report
The vernacular content startup saw its revenue rise 346 percent to Rs 34.8 crore in FY23, while net loss narrowed to Rs 152.6 crore
BUSINESS
Mamaearth's IPO: 7 key things about D2C unicorn that investors must watch out for
Sequoia-backed company battles rising ad expenses, the valuation conundrum and the falling share of direct to consumer sales as it becomes the first unicorn to hit the choppy public market in over 18 months
BUSINESS
Social, Farzi Cafe founders bat for ONDC as Swiggy, Zomato eat up 55% of order values
Food platforms eat up the lion’s share of order value through charges for delivery, discovery, discounts, say top restaurateurs on Zerodha co-founder Nikhil Kamath’s podcast
BUSINESS
Ola scores a duck for third consecutive year in rankings for fairness of gig work
Ola, Uber challenger BluSmart emerges as fairness frontrunner in the ride-hailing space with 5 points out of 10; BigBasket tops table with 6 points
BUSINESS
IBM to boost India’s R&D and skill development in AI, chips, quantum computing
IBM and Digital India Corporation intend to establish a national AI Innovation Platform (AIIP) that will focus on AI skilling, ecosystem development and integrating advanced foundation models and generative AI capabilities
BUSINESS
Inside India’s grand artificial intelligence plan to add $967 billion to economy
From designing AI chipsets to developing applications in agriculture and health, a government-appointed group of experts have come out with a strategy to help boost India in the AI race
BUSINESS
At 65,400 retail orders, ONDC saw double its usual demand as India battled Pakistan in World Cup
In terms of categories, food and beverage accounted for 47 percent of the orders, fashion 25 percent, electronics 9 percent, grocery 8 percent.
BUSINESS
SC plea to direct WhatsApp to comply with new data law, stop sharing Indian users’ data with other Meta entities
Petitioner alleges that WhatsApp privacy policy is in contravention of newly enacted Digital Personal Data Protection Act in the way Meta-owned platform collects, processes, stores and shares data with other group entities
BUSINESS
Government to support development of AI chips in PPP model: Rajeev Chandrasekhar
A government panel has also called for using the public-private partnership model to create computing infrastructure of graphics processing units for startups and researchers
BUSINESS
Peak XV says Indian founders should win IAMAI elections on merit, don’t need quotas
Sources said that Peak XV, represented by Chief Public Policy Officer Shweta Rajpal Kohli, has voiced its concerns at a meeting of the tech lobby group where the resolutions were adopted
