BUSINESS
Chinese investor Shunwei Capital exits Koo's parent company Bombinate Technologies
Individuals who participated in the buy out include former Indian Cricketer Javagal Srinath, BookMyShow Founder Ashish Hemrajani, Udaan Co-Founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy and Zerodha Founder Nikhil Kamath.
BUSINESS
About 80% companies think Haryana's new labour bill will negatively impact them: NASSCOM report
The NASSCOM report was based on the response by the 73 member organisations that employ close to 1.44 lakh people in the State. Around 500 IT-ITeS firms employ about 4 lakh people in Haryana.
BUSINESS
Servers impacted by ransomware attack recoverable, no commercial impact: Tech Mahindra
Government intervention in the form of a cybersecurity policy and the deployment of skilled manpower are need of the hour; department is treated as additional charge instead of being assigned to specialists
BUSINESS
Clubhouse launches accelerator programme for creators, India downloads reach 65,000
According to a report by app analytics platform App Annie, the company so far has 12.2 million downloads globally as of March 9 led by the US at 3.1 million. In India, there are about 65,000 downloads for the same period.
TRENDS
Meet the youngsters from smaller cities in India who are making AR lenses for the world
They are creative, technically equipped, engaged with the product and willing to experiment with offbeat ideas. Snapchat, Facebook and Instagram are their stage, as they tread a previously unused path
BUSINESS
Haryana CM’s clarification on 75% reservation brings some respite but tech firms want more clarity
Haryana CM Manohar Lal Khattar told Moneycontrol that the 75% reservation for locals rule would apply only for non-technical jobs. Industry, however, now wants clarity on what constitutes a non-technical job. For instance, it is not clear if the sales function in an engineering firm is a technical or non-technical job. Again, IT/ITeS firms hire freshers for non-technical roles such as business process functions
BUSINESS
Cognizant to cover vaccination cost of over 6 lakh people in India
The company will also vaccinate 50,000 people, comprising contingent staff such as contract, support, and security personnel, and their families, Rajesh Nambiar, Chairman, and Managing Director, Cognizant India, said in a statement.
BUSINESS
Glance beats Instagram to be among top content consumption platforms along with Facebook, YouTube
In India, a partnership with Reliance can potentially provide Instagram the capability to create an end-to-end play, across consumer-facing and supply side elements of building a commerce platform, the report added.
BUSINESS
Caste-bias lawsuit| US Court stays hearing for Cisco’s legal challenge to the complaint
Cisco had filed petitions arguing that the complainant was not entitled to legal relief and that caste-bias allegations should be deleted from the complaint.
BUSINESS
US H-1B visa: Registration for FY22 begins today; all you need to know
The registration window will be open till March 25. The selected registrants will be notified on March 31, 2021 and they can start filing the applications starting April 1, 2021.
BUSINESS
To get more women into tech we need to improve the talent pipeline: Deepali Naair, CMO, IBM India
As part of its special coverage on Women's Day, Moneycontrol spoke to Deepali Naair for her views on diversity at the workplace, remote working and initiatives that will help nurture a strong pipeline of women technology leaders.
BUSINESS
Can Wipro make the $1.45-billion acquisition of Capco tick?
Though Wipro’s past acquisitions have not really worked well, many feel that the story is different this time. One of the challenges with Wipro’s past acquisitions were flawed strategic alignment. That is not an issue now, says an analyst. Plus, the Bengaluru firm stands to gain a lot in the BFSI space.
BUSINESS
Wipro started as an oil mill 75 years ago. Today it bought a UK consulting firm for $1.45 billion
While analysts and industry watchers concurred that it was a bold move, they also expressed concern because integrating a consulting firm is not easy, simply because the culture and cost structure are completely different.
BUSINESS
Haryana's new reservation law: Startups cry foul
On March 2, 2021, the State government passed the Haryana State Employment of Local Candidates Bill that mandates 75 percent reservation for local people in private sector jobs, where the salary is less than Rs 50,000 a month.
BUSINESS
TCS likely to cover vaccination costs for employees
Infosys that employs 2.4 lakh people and Accenture that has about 2 lakh tech workforce in India have also said that they will be covering cost of vaccination of employees and their immediate families.
BUSINESS
Haryana's new labour bill could make Gurugram less attractive for tech firms
A law that mandates 75 percent reservation for local people in private sector jobs, where the salary is less than Rs 50,000 a month may force companies and potential employees to move out to less restrictive territory.
BUSINESS
Hyperlocal campus might be the norm going forward: CEO Tiger Tyagarajan on the Future of Work
Genpact CEO upbeat about continuing digital transformation; says notion of campus is gone.
BUSINESS
COVID-19 | Tech glitches mar vaccination drive in India
However, experts Moneycontrol spoke to described these as teething issues which will be ironed out in the coming days.
BUSINESS
Can government now access your messages on Signal and WhatsApp?
Moneycontrol decodes the new IT rules for the regulation of social media and digital content.
BUSINESS
Snap Inc will not have 'more feet on the street' in India, yet
Though its second largest market globally in terms of user base, monetisation in this country is a challenge, says the firm; is keen that users inculcate its 'value proposition'
BUSINESS
Why Germany is saying Willkommen to Indian IT companies
While the European country is the fourth-largest economy, its leading enterprises have not outsourced heavily. With the onset of COVID-19, when German companies had to cut costs, they turned to Indian IT firms for help. For Indian firms, Germany has an outsourcing potential of about $40-50 billion.
BUSINESS
Ambedkar International Center files amicus brief in the Cisco caste bias lawsuit
The hearing for Cisco’s demurrer and motion to strike is scheduled on March 9, 2021.
BUSINESS
As tech firms gear up to build on COVID-19 gains, talent-building a tough challenge
Digital, cloud segments will hold the key, Indian IT sector biggest gainer from pandemic, McKinsey report says. If you look at all the projections, you are looking at an incremental spend of $1 trillion in the next 4-5 years, and we should get a 20% share, says an IT executive.
BUSINESS
What does Biden administration's immigration bill mean for Indian IT workers in US?
Indians are one of the largest beneficiaries of the employment-based visa categories like H-1B and L-1. The bill addresses a few key issues that had made living in the US tough and uncertain for Indians over the last few years.
