BUSINESS
Over 3 crore taxpayers successfully complete transactions. 1.5 crore Income Tax Returns filed: Infosys
In 2019, Infosys was awarded a Rs 4,200-crore contract to develop the new e-filing portal to replace the old one to reduce the processing time from 63 days to one.
BUSINESS
ADIF to meet MeitY officials to discuss ‘abuse of dominance’
The ADIF meeting comes in the light of South Korea’s latest legislation that would require Google and Apple to use multiple payment systems instead of their own payment system.
BUSINESS
Caste bias lawsuit | Cisco files opening brief to compel arbitration in US Appeal Court
This comes after its petition for private arbitration process was denied by the trial court in Santa Clara county early this year. Cisco filed the brief on September 7 in the Appeals Court in the State of California.
BUSINESS
Wipro founder Azim Premji’s grandfather started with Rs 2 per week as businessman
Philanthropist Azim Premji recalls the simple principle at the heart of the enterprise started by his grandfather 75 years ago -- being honest and never compromising.
BUSINESS
No engineering degree? Don't fret ! These startups will find you a tech job
Online coding schools such as Masai School, AltCampus and Scaler Academy are trying to bridge the technology talent gap and make them employable through short-term software development courses and also job at the end of them. This trend has accelerated amid the Covid-19 pandemic that spurred digital transactions, helping college graduates and working professionals to tap the growing demand for technology professionals in India.
BUSINESS
Chip shortage is real, we’re working with customers, partners to address the issue: Cisco India chief
Here is just one glimpse of the leader in Daisy Chittilapilly – a leader who sees an opportunity even in adversity. Ask her what you can do to help society during COVID times, if you are the President of Cisco. Here is the answer: “Differently abled, demographics, women, any disenfranchised group, for that matter ... that is the way to hire. There is a possibility to make that happen now, with hybrid work.”
BUSINESS
TCS hits new high, crosses $200 billion market cap at day’s high
As of September 15, Accenture has a market cap of $216 billion, followed by the Reliance Industries Limited at $205 billion and Infosys’ stands at close to $98 billion. TCS stock corrected to $199.1 billion at the time of closing.
BUSINESS
Rakuten India to step up hiring, have 3,000 employees by 2023
India is a key market for the company as critical global projects are being built in the country, Rakuten CEO Sunil Gopinath tells Moneycontrol
BUSINESS
Infosys' deadline to fix I-T portal runs out today, users say glitches remain
According to tax professionals and users, while some features have improved, there is a long way to go before issues are resolved. The extension of the deadline to file returns by December 31, 2021 offers relief, they say
BUSINESS
1 in 3 Indian professionals burnt out, stressed due to remote work
The Future of Work study 2021, released by LinkedIn, says 86 percent of the respondents think that hybrid work will have a positive impact on their work-life balance
BUSINESS
Freshworks to raise up to $912 million from the IPO
The Freshworks IPO is one of the most anticipated in 2021, in what has been a record-breaking year in terms of funding for Indian startups, and is the latest example of the software as a service boom underway.
BUSINESS
Future of work and learning are converging with pandemic-induced changes: Coursera CEO
Students are paying $1.9 trillion for higher education, while the corporate training market is $365 billion and getting bigger, which gives companies like Coursera Inc a great opportunity for rapid, long-term growth, the online learning platform’s Chief Executive Jeff Maggioncalda says.
BUSINESS
FM Nirmala Sitharaman says Panchjanya article on Infosys was 'not right'
Rashtriya Swayamsevak Sangh (RSS)-run magazine ‘Panchjanya’ accused the Bengaluru-based IT major Infosys of “negligence” over glitches in the new Income Tax (I-T) portal. FM Nirmala Sitharaman now says that it was not right to say so.
BUSINESS
Online assessment platform Mercer | Mettl to double the headcount to 800 by 2025
Siddhartha Gupta, CEO, who spoke to Moneycontrol at the sidelines of campus hiring suite launch on September 7, said that, “We have an ambitious plan of nearly doubling our headcount over the next four years. So India is a great place for talent and Mercer-Mettl wants to use this talent to grow. Our entire R&D capabilities would be out of India, even though we are addressing a market which is quite global.”
BUSINESS
What is Cognizant bribery case and settlement about? Here is what we know so far
According to multiple reports, two former Cognizant executives allegedly approved bribes to senior government officials to the tune of $3.6 million via a third-party construction company (L&T, reports suggest).
BUSINESS
Coursera to set up global operational centre in India, expand workforce and tie-ups
With 12.5 million registered users, India is the second-largest in terms of user-base for Coursera after the US. It has added 7.5 million people in India since January 2020
BUSINESS
Zoho invests Rs 35 crore in medical devices startup Voxelgrids
For Zoho, this is the latest in the series of investments it has made in the healthcare sector. The other companies Zoho has invested include vTitan, and SignalChip. Over the years has made a total investment of Rs 250 crore in critical R&D projects.
BUSINESS
TechHalli rivals Silicon Valley: Indian engineers earning as much as peers in US
Many startup founders say it is more expensive to hire tech talent in cities like Bengaluru, than in the US. Why not hire from the US? Not enough talents. As a Rs 1-cr package becomes the new normal at many levels in the IT sector, even youngsters turning down packages of Rs 40-45 lakh. They know they won’t remain unemployed for long.
BUSINESS
Nandan Nilekani says Account Aggregator framework can democratise credit, reform healthcare access
Nilekani said that digital footprints from account aggregators when properly used, empowered by consumers using their own data, will enable a huge amount of credit to small businesses.
BUSINESS
Decoding MapMyIndia's IPO in 5 charts
MapMyIndia, founded in 1992 by Rakesh and Rashmi Verma, is one of the few profitable internet companies that are going for IPO.
BUSINESS
Koo has potential to go to 100 crore users: CEO Aprameya Radhakrishna
“People on Twitter are connected outside the country. They are all following Elon Musk. This is to say that they are dense outside India, sparse within India, within their own networks, which is the English-speaking India. Let us look at Koo. People from smaller cities of Karnataka or Tamil Nadu are heavily interconnected within the language networks”. This is how the CEO differentiates Koo from Twitter.
BUSINESS
MapMyIndia files DRHP with SEBI for IPO
The initial public offering will see an offer-for-sale up to 7,547,959 equity shares by selling shareholders, according to the draft red herring prospectus.
BUSINESS
MapMyIndia, the IPO that flew under the radar
In the rush of IPOs by internet companies, profit-making MapMyIndia has kept a low profile. With its plans to go public and Aatmanirbhar Bharat gaining momentum, the company has enough ammunition to not only scale up the business but also gain lost ground in the consumer space.
BUSINESS
MapMyIndia targets Rs 1,200 crore IPO with valuation around Rs 5,000-6,000 crore
The company is likely to file its DRHP documents by Monday evening or Tuesday, according to a source familiar with the development. MapMyIndia (MMI) was founded in 1992 by Rakesh and Rashmi Verma and is one of the few profitable firms that is going for the IPO.
