BUSINESS
Sequoia-backed Bounce lays off 5% of staff to cut costs
Having been severely hit by the pandemic, Bounce pivoted to making EVs, Bounce Infinity, while slowing down the bike rental operation
BUSINESS
IT Q3FY23 earnings kick off on Jan 9: What to watch out for
The earnings season kicks off with TCS on January 9, followed by Infosys and HCLTech on January 12 and Wipro on January 13.
BUSINESS
What is happening in India with digital public goods is phenomenal: Microsoft CEO Satya Nadella
Every time he comes to India, he learns "that it is the common man that is able to use the greatest technology to do something that is useful to them", says Nadella
BUSINESS
Indian IT on a ‘great reset’: JP Morgan sees revenue growth down to 6-8%
While the muted growth in Q3FY22 is likely to be blamed on furloughs, JP Morgan said Q4 will be weak as well, due to macro concerns and delays in decision-making driving flatter tech budgets and delayed deal closures.
BUSINESS
LTIMindtree sees first big exit post merger, Markets President Venugopal Lambu resigns
LTIMindtree said that Venu Lambu has resigned to pursue opportunities outside the company.
BUSINESS
From pizzas to biryanis, here's what India ordered on New Year's Eve
Cloud kitchens across the board saw brisk business on New Year's Eve, but categories like pizza and biryani reigned supreme when it came to customer preferences.
BUSINESS
Gunjan Patidar resigns, Zomato begins hunt for a new CTO
Patidar's exit comes weeks after co-founder Mohit Gupta quit the company.
BUSINESS
The shift from war for talent to delayed onboarding: Looking back at Indian IT’s rollercoaster year
In the 2022 calendar year, three out of four of the top IT firms have shown a declining trend in net employee additions.
BUSINESS
Ola, Uber, Dunzo, PharmEasy, Amazon Flex score 0/10 in providing fair conditions for gig workers: Report
The report rated 12 platforms on fair pay, fair conditions, fair contracts, fair management, and fair representation.
BUSINESS
From waking up customers to delivering books in record time — How Indians used Dunzo in 2022
A customer in Delhi placed 517 orders in September through Dunzo Daily — or 17 orders on average each day of the month.
BUSINESS
Accenture Q1: Results better than expected, but Q2 guidance signals caution
Accenture's revenue guidance was in the range of $15.20 billion to $15.75 billion for Q2, which was slightly below analyst estimates.
BUSINESS
‘I admit I was wrong’: Narayana Murthy on keeping family away from Infosys’ leadership positions
Narayana Murthy said he was depriving the company of legitimate talent, and that everyone must get the same opportunity.
BUSINESS
'There is no plan B after I exit’: Nandan Nilekani sets his sights on Infosys’ succession plan
Nandan Nilekani said that when he decides to leave, implementing Narayana Murthy’s vision of putting in place the right leadership structure, people and the right values is the biggest thing on his mind.
BUSINESS
Adobe CEO: If I was growing up right now, no way I’d leave Hyderabad to go to USA
Adobe CEO Shantanu Narayen was addressing the inauguration of the TiE Global Summit in Hyderabad
BUSINESS
TCS faces lawsuit in the US alleging discriminatory hiring practices, violation of visa norms
The lawsuit alleges that TCS has a systematic pattern of discriminating against non-South Asian and non-Indian applicants and employees
BUSINESS
Bengaluru residents and auto drivers bear brunt of commission and licence issues of Ola, Uber and Rapido
Multiple auto drivers said that they have quit Ola, Uber and Rapido and are looking for alternatives.
BUSINESS
Amid layoffs and reduced hiring, some tech skills continue to be in demand
When you’re good at what you do, your skills will be in demand in good times and bad, say the experts. The external environment is irrelevant.
BUSINESS
'We want to be the Uber of staffing': CIEL HR Chairman K Pandiarajan
The company, which has made a strategic investment into Next Leap Career Solutions, is planning its IPO for Q2FY24.
BUSINESS
IT sector poised to face dramatic divergence in growth: Mphasis CEO Nitin Rakesh
Demand hasn’t gone down, but caution has gone up and there is greater scrutiny on spending.
BUSINESS
Packaging as a service: This start-up is looking to replace single-use plastic food containers
InfinityBox, started by IIT Kharagpur graduates Shashwat Gangwal and Keshav Godala, has been piloting the use of reusable Tupperware-like containers with some restaurants in Bengaluru and Mumbai
BUSINESS
Fall in share price is disproportionate to business we have got, says Quess Corp's Ajit Isaac
Job platform Monster, whose India SEA and Middle East businesses are owned by Quess Corp, will be rebranded into talent management platform foundit.
BUSINESS
Tea cafe chain Chai Point aims for IPO in 18-24 months
Its brewing machines, through which it is unlocking new partnerships, come with an Android software where consumers’ tea-related preferences can be customised through an app and saved for the future to ensure consistency.
BUSINESS
Laid-off Indian techies on H-1B visas race against time to find new jobs
While there isn't necessarily a scarcity of jobs, the upcoming holiday season in the US is an additional source of concern, as workers on visa are constrained to find a new job within 60 days.
BUSINESS
LTIMindtree CEO Debashis Chatterjee rules out layoffs in merged entity, hopeful of full integration by FY23 end
The goal is to have an industry-leading profitable growth story as LTIMindtree and as a part of that journey, the company will definitely look at inorganic at the right time for the right opportunity, says Chatterjee
