BUSINESS
Twitter India head Manish Maheshwari to move to the US
He will move as the Senior Director, Revenue Strategy and Operations, new markets. Kanika Mittal, current Head of Sales at Twitter and Neha Sharma Katyal, current Business Head, Twitter, will co-lead revenue and sales in India, and will be reporting to Yu Sasamoto, VP of Twitter JAPAC / Twitter Japan.
BUSINESS
Clubhouse names Dan Ashton as grievance officer for India
Clubhouse, which gained popularity in India after the launch of Android version, is seeing downloads decline from 5.9 million on June to 1.1 million as of July 23, 2021, according to data by SensorTower.
BUSINESS
Explainer | What is a Metaverse and why is everyone talking about it?
Facebook, Epic Games and other companies are investing significantly in creating a metaverse, which for long was a term found only in dystopian science-fiction novels. What it means is that instead of interacting with your friends online as is the case now, you can meet them in a digital universe in your respective digital avatars, using a virtual reality headset or other device
BUSINESS
Cyberattack: Accenture says no impact on operations, client systems
On August 11, the Lockbit hacker group claimed that they have attacked Accenture and said they intend to leak the data.
BUSINESS
What are no code platforms & why are they popular?
BUSINESS
How Robosoft's Rohith Bhat built a global company from a temple town in India
The company he founded, Robosoft, which counts Apple as its first customer, was acquired by Japan's TechnoPro Holdings for Rs 805 crore on August 10. The company is one of India's leading mobile app developers today, having built over 2000 apps till date, that together have been downloaded 1 billion times.
BUSINESS
Japan's Technopro Holdings acquires Udupi-based Robosoft for Rs 805 crore
Robosoft, based in Udupi, a small town in Karnataka, was founded in 1996 by Rohith Bhat and offers solutions in digital transformation such as user design, engineering and analytics. Apple was one of its first clients.
BUSINESS
HCL Tech CEO & MD C Vijayakumar to get $31.5 million in stock option over 5 years
Vijayakumar will also be entitled to a base salary of $2 million, a performance-linked incentive of $2 million, and perquisites and other benefits amounting to $384,000 a year
TRENDS
In the wild world of tech hiring in India, engineer is now king
The COVID-19 pandemic-led internet and technology boom has led to an accelerated shift to digital.
BUSINESS
Companies are placing more plants in offices, offering flexibility as employees weigh return to workplace: Quess Corp CEO
Most employees will be happy to come back to work -- it’s a pain but it improves social lives, productivity and career prospects because it is also the place to build networks, says Suraj Moraje, Managing Director & Group CEO of Quess Corp.
BUSINESS
Swiggy partners with Reliance BP Mobility to build EV ecosystem
Swiggy has also partnered with Hero Lectro, an e-cycle manufacturer, and Fast Despatch Logistics, a last-mile delivery player in the UK to enable end-to-end delivery of orders through cargo e-cycles
MCMINIS
The new buzzword in tech: Metaverse
BUSINESS
Jobs, jobs, jobs: Hiring by Indian IT companies touches 5 year high
India's top 10 IT companies together added a record 1.21 lakh employees for six months ended June 2021, the highest in the last 5 years, on the back of robust demand for software services after the Covid19 pandemic.
BUSINESS
Jobs, jobs, jobs: Hiring by Indian IT companies touches 5 year high
The most sought-after professionals are data scientists, for whom there are 1 lakh jobs open, as well as full stack engineers, cybersecurity professionals, cloud architects, and artificial intelligence experts.
BUSINESS
KPIT Tech rolls out stock options, double-digit hikes amid war for talent
Sachin Tikekar, President and Board Member, KPIT Tech, says the company's hiring plan is fairly aggressive and it plans to hire 1,500 people, a mix of freshers and laterals, this year
BUSINESS
Happiest Minds to hire 500-600 people in Q2, plans phased return to work from January 2022
With attrition a key concern, the company is rolling out 100 percent variable pay and low double digit hikes for its workforce. It employs about 3500 people.
BUSINESS
Tech Mahindra adds 5,200 employees in Q1 FY22, vaccinates 80% staff
The company plans to increase its fresher intake by 3X. Tech Mahindra is also expecting more hiring to take place in tier 2 cities like Trivandrum, Nagpur, Bhubaneswar and Vizag to build the talent pipeline.
BUSINESS
Short-video space would be about monetisation for creators in next 2 years: Experts
Over a year after the ban on TikTok, the short-video space in India has grown significantly with millions of Indian consuming content.
BUSINESS
Cognizant attrition rate hits record high of 31%; company to make 100,000 lateral hires this year
While the company has planned targeted compensation revisions, job promotions and job rotations to retain talent, it expects elevated attrition to continue.
BUSINESS
Happiest Minds net profit declines 29% to Rs 36 crore YoY
Happiest Minds, which was listed in the stock exchanges in September 2020, had posted a net profit of Rs 50.18 crore in the same period last year. The company added 310 employees taking the total headcount to 3538. However its attrition is on the rise at 14.7 percent compared to 12.4 percent in the previous quarter.
BUSINESS
HCL Tech appoints Jill Kouri as global chief marketing officer
In her new role, Kouri, whose experience spans 30 years, will lead the company’s global marketing programmes to advance HCL’s focus on helping companies reimagine their business for the digital age. This is also in line with the broader focus IT firms have on diversity and inclusion at the leadership level.
BUSINESS
More pain for Cognizant as attrition set to spike again this quarter
While attrition is going up for all IT companies as engineers are spoilt for choice in the current job market, Cognizant's attrition is likely to be at elevated levels compared to peers.
BUSINESS
Information overload: Data scientist roles up for grabs
Data scientists are in high demand across India. Hiring consultants estimate that about 95,000 vacancies for data scientists exist in the country
BUSINESS
Crypto startup Solana launches hackathons for Indians with Rs 60 lakh prize money
This move comes at a time when the country is seeing demand for crypto experts. Amid the rise in cryptocurrency trading and mining in India, platforms in this space are going all out to hire talent. Since most roles are technical, engineering talent is in high demand.
