BUSINESS
Close to 5.8 crore returns filed as of December 31 on the new I-T portal: Infosys CEO Salil Parekh
Infosys was awarded an Rs 4,200-crore contract in 2019 to develop the portal to replace the old one to reduce the processing time from 63 days to one day. The portal was launched on June 7, 2021 amid peak tax season, and things started going downhill from the word go.
BUSINESS
Wipro added record 40,000 employees between January and December 2021
For comparison, the company had added 2,990 employees in FY21. The software major had paused on-boarding of freshers in the beginning of the pandemic in 2020, due to uncertainty around the situation.
BUSINESS
Omicron impact | Wipro to close all offices globally for next 4 weeks
Wipro had started getting senior executives back to the office in September. In October, the company said that it would accelerate the initiative from January 2022 but the spread of Omicron has forced a change of plan
BUSINESS
People don't leave for better opportunities, they leave when they don't feel connected: Wipro chairman Rishad Premji
His comment comes even as companies scramble for IT professionals. “There is such a huge mismatch today between demand and supply,” Premji said.
BUSINESS
Metaverse next, Microsoft is approaching carefully: CEO Satya Nadella
This focus comes at a time when the social media giant Facebook rebranded itself as Meta and is investing $10 billion to build the metaverse. Microsoft too is building capabilities for both consumers and enterprises to access the metaverse.
BUSINESS
Six things to watch out for as IT companies kick off results season for the sector on Wednesday
The last two quarters have been some of the best for IT and even the seasonally weak October-December period is likely to be no different as unprecedented demand driven by the shift to digital amid the pandemic boosted the sector.
BUSINESS
Sulli deals and Bulli Bai | How much responsibility should GitHub take?
While social media platforms are required to comply with Indian law and have a grievance officer posted in India, US-based software collaboration platform Github says foreign law enforcement seeking information will only get it if they follow a complex path involving the US Justice system.
BUSINESS
Tata Consultancy Services renews contract for Passport Seva Programme with government
While TCS did not disclose the value of the renewed deal, the contract could be worth Rs 2,000 crore according to an industry analyst.
BUSINESS
Avendus co-founder Ranu Vohra on his favorite books, why business books are overrated, and why the metaverse is not new
Of the 250-300 deals that Avendus has worked on, Vohra says the tale of one Indian company, which was listed on the NYSE, will make for a riveting book. Read on to find out which one.
BUSINESS
21 years, a lot of struggle, profitability: How Fractal finally became a unicorn
One of the few profitable unicorns, Fractal is also a successful turnaround story after recovering from a huge setback in 2007 when some of its founders left the firm over the choice of the CEO and the company lost one of its key clients.
BUSINESS
AI firm Fractal becomes second unicorn in 2022 with $360 million investment from TPG
With the latest investment, the company’s valuation has exceeded $1 billion giving it the unicorn status, according to industry sources. Mamaearth, valued at $1.2 billion, was the first unicorn in 2022.
BUSINESS
What Indian social audio apps are getting right on content moderation
From porn and bullying to hate speech, global social audio platforms, which gained popularity over the last year, are struggling with content moderation. But their Indian counterparts, albeit smaller in size, are more confident about tackling this by having a moderation-first approach and having multiple layers for moderation.
TRENDS
These are the books India’s startup founders and investors enjoyed most in 2021
From Zerodha's Nithin Kamath to Sequoia's GV Ravishankar, here are their top picks for books. Plus, a surprise waits at the end
BUSINESS
Tax professionals seek deadline extension for ITR filing as portal glitches stay on
One of the key issues raised was around the OTP. Users are not getting the OTP on time, which is delaying the entire process
BUSINESS
TCS sees business as pandemic opens up opportunities in aviation space
TCS signed a multi-year, multi-million dollar deal with the Hong Kong-based Plaza Premium Group (PPG) to transform the airport experience
BUSINESS
How mid-cap IT stole a march over its larger rivals
A combination of factors—attractive valuations, outperformance on revenue growth, new leadership, a sharper focus on a few sectors and nimbleness—is helping these companies pull ahead, according to experts.
BUSINESS
PDP Bill recommendations will have higher compliance burden on startups: IAMAI
The report by the Internet and Mobile Association of India (IAMAI), comes a day after the Personal Data Protection bill, 2019 was tabled in the winter session of the Parliament by the Joint Parliamentary Committee.
BUSINESS
The War for Talent is here to stay in 2022
With salaries skyrocketing and Rs 1-cr package becoming the normal even for professionals with 8-10 years’ experience, the gong has never been so good for techies, say executives. The trend is likely to continue in 2022 as well. So, all that techies need to do is this one thing: learn to enjoy the ride!
BUSINESS
Cybersecurity firms in a tizzy over Log4j; here's why businesses, consumers should be worried
Log4j security flaw gives hackers easy access to the system, allows them to take control and exploit them. This vulnerability has serious implications for businesses as well as consumers
BUSINESS
ShareChat parent raises $266 million at $3.7 billion valuation
The round was led by Alkeon Capital and the investors who participated in the round include Temasek, Moore Strategic Ventures (MSV), Harbourvest and India Quotient. This take the total funding in 2021 to $913 million.
BUSINESS
India's talent pool playing a huge role in shaping the future of internet: Mark Zuckerberg
The country will be key to building the foundation of the metaverse, Zuckerberg said during the company's Fuel For India 2021 event
BUSINESS
Former Twitter India boss Manish Maheshwari confirms exit, will launch edtech start-up
"I am leaving Twitter. The (exit) date has to be worked out. I want to do things in the education and teaching space," Maheshwari told Moneycontrol in an interaction.
BUSINESS
Attrition-hit Cognizant names Soma Pandey as Global Head of Talent Management
This comes at a time when the company's involuntary attrition rate was 33 percent for the September 2021 quarter, one of the highest in the industry. Pandey’s appointment also comes after Suresh Bethavandu, global head of talent acquisition, resigned from Cognizant after a 25-year stint in October.
BUSINESS
Chingari’s Clubhouse clone FireSide to shut down; live audio to be integrated with parent app by January 2022
The company is integrating the live audio with its short video platform as there is an overlap in the user base. With the integration, the company expects more users to utilise audio rooms on the Chingari platform for conversations
