BUSINESS
Not enough questions on startup culture being asked in boardrooms: InMobi’s Naveen Tewari
Building out the right culture is important because only that will help startups sustain tough times, navigate strategy and build better products. Founders must surround themselves with people who have built companies so that they can be guided well, says Tewari
BUSINESS
SoftBank-backed InMobi IPO in wait and watch mode amid market rout
It was reported in March last year that the provider of mobile ad services and India’s first unicorn was aiming for a US listing by the end of 2021
BUSINESS
Boards fail in their duties when they allow CEOs to dominate, says Indra Nooyi
“There are many CEOs, mostly men who are Imperial, because somehow the belief is that when you become CEO, you've been anointed kind of king. That's not what people expect from the CEO. The people around them, including the board has to keep them under check. When boards allow CEOs to be Imperial, boards have failed in their duties,” said Nooyi at the NASSCOM Technology and Leadership Forum 2022.
BUSINESS
Now is the time to start planning for Metaverse: Accenture’s Paul Daugherty
Speaking at the NASSCOM Technology and Leadership Forum on February 18, Daugherty said, at the back of the pandemic, there are new realities emerging as enterprises accelerate their digital initiatives. “So we need to reframe our thinking and think very differently about some aspects of technology than we have before.”
BUSINESS
We selected the best man for the job, I’ve never felt more comfortable with the business as it is today: Quess Corp chairman Ajit Isaac
Of India’s 530 million workers, 230 million are in the farm workforce and the IT and e-commerce sectors account for just 10 million. So, the noise around The Great Resignation is disproportionate versus the larger problem of employment in MSMEs, migrant labour and non-farm labour, says staffing firm Quess Corp’s Chairman.
BUSINESS
Hexaware to get a new board after Carlyle acquisition last year
Carlyle Group, a US-based PE firm, bought Baring Private Equity Asia stake in the IT firm for reportedly close to $3 billion last year. The change in board comes at the back of this acquisition. Prior to the acquisition, then promoter Baring de-listed Hexaware from the Indian stock exchanges in November 2020
MCMINIS
Green hydrogen is the new buzzword. Why?
BUSINESS
With over 50% staff in the country, India’s role in Capgemini is growing: CEO Aiman Ezzat
“We have grown the pool of Indian executives in the firm. In the future, there will probably be more Indian senior executives overall in Capgemini,” Ezzat said. The company's total headcount stood at 324,700 at the end of December.
BUSINESS
In 2 years, 50% of Wipro’s order book will be with key partners from 38% now: CEO Thierry Delaporte
Wipro sees tremendous opportunity in its partnerships with companies like AWS, Microsoft, Google, Salesforce, SAP ServiceNow, in the areas of cloud-led modernization, AI, machine learning, and specific digital solutions.
BUSINESS
Infosys likely to hire 55,000 or more freshers in FY23: CEO Salil Parekh
The increase in fresher hiring and the focus on skilling comes at a time when attrition is on the rise in IT companies, even as the demand continues unabated
BUSINESS
Seed fund Together is seeing early traction for Web3, crypto: Girish Mathrubootham
The $85-million Together fund was launched in July 2021 by a group of SaaS founders—Freshworks' Mathrubootham, Eka Software’s Manav Garg and former Matrix partners Shubham Gupta and Avinash Raghava
BUSINESS
Indian IT industry crosses $200 billion in revenue with 5 million direct employees
The industry crossed $200 billion revenue, by adding $30 billion in the last year, as the rapid pace of technology adoption and migration to cloud post-pandemic boosted the demand for outsourcing services
BUSINESS
Employees from smaller towns, cities will make up 20% of Tech M workforce in less than 2 years: CEO & MD CP Gurnani
Tech Mahindra is tapping the smaller cities for acquisition of talent to beat attrition
BUSINESS
Hiranandani lines up Rs 3,500-crore investment for Metaverse
The new venture, Tez Platforms, will focus on technology-led consumer services. The company is currently putting the team together and will work with the industry to develop suitable solutions.
BUSINESS
Jio Platforms to invest $200 million in InMobi-owned lock-screen platform, Glance
Glance will use the funds raised to double down on growth in Asia as well as launch in key global markets. Glance will be also integrated into Pragati OS, which has been co-developed by Jio Platforms and Google.
BUSINESS
How Mamaearth CEO Varun Alagh fell in love with books
Alagh prefers non-fiction books because he thinks it makes him a better person and teaches him more about building a company. Ben Horowitz's The Hard Thing About Hard Things taught him a key hiring lesson
BUSINESS
Garena's Free Fire & 53 other China-linked apps banned in India
"On receipt of the interim order passed under Section 69A of the IT Act, following established process, we have notified the affected developers and have temporarily blocked access to the apps that remained available on the Play Store in India," the company said in a statement.
BUSINESS
I don’t look at price of my house every day, markets will self-correct in long term: Freshworks CEO Girish Mathrubootham
It may have made a dream debut on the Nasdaq, but Freshworks stock has come under pressure.
BUSINESS
Freshworks crosses $100 million revenue quarterly milestone
For the full year ended December 2021, the company reported $371.0 million in revenue, up 49 percent compared to 2020. It reported a loss from operations of $204.8 million, compared to $56.1 million in 2020.
BUSINESS
Meta beefs up vigil on social media content as elections kick off, assures additional steps if needed
Facebook has 410 million users and Instagram 210 million users in the country. Messaging platform WhatsApp has close to 530 million users
BUSINESS
Quess Corp appoints Guruprasad Srinivasan as Group CEO after Suraj Moraje steps down
Quess Corp had brought Moraje as group CEO in November 2019 from McKinsey, where he was a senior partner and a leader in the firm's Asia TMT practice.
BUSINESS
ShareChat's Moj, MX TakaTak to merge, will have over 300 million users
Post this transaction, MX Media and its shareholders will become strategic shareholders of ShareChat. MX TakaTak will continue to function as a separate platform for now, but the two platforms’ creator base, content supply and recommendation algorithms will be integrated
BUSINESS
ShareChat to buy short-video platform MX TakaTak for $600 million
The move is expected to strengthen ShareChat’s short video play through the platform, Moj.
BUSINESS
Exclusive: Quess Corp Group CEO Suraj Moraje likely to step down
The markets seem to have already gotten a whiff of the development as the Quess Corp stock has come under pressure in the last few weeks.
