BUSINESS
Omicron impact | Business travel cut back, return to office staggered for IT firms
This comes at a time when the Indian IT executives resumed their business travel and started getting employees back to office with vaccination gaining pace.
BUSINESS
Will enter consumer map segment when regulation, and timing matches: Rakesh & Rohan Verma of MapMyIndia
Founded in 1995, MapMyIndia is one of the few profitable companies to go for IPO in the last few weeks. The IPO opens on December 9 with an issue price of Rs 1,000-1,033 an equity share, taking the issue size to Rs 1,040 crore
BUSINESS
Exclusive | Infosys does away with COO role after UB Pravin Rao, appoints co heads of delivery, CTO
Rao, who is retiring in December, joined Infosys in 1986. He has held a number of senior leadership roles including Interim Chief Executive Officer and Managing Director, Head of Infrastructure Management Services, Delivery Head for Europe, and Head of Retail, Consumer Packaged Goods, Logistics and Life Sciences.
BUSINESS
Porn, bullying and body-part auctions: Inside Clubhouse India’s content moderation struggles
Moneycontrol pieced this story from conversations with nearly a dozen people who are users, creators, psychologists, industry experts, and civil society organisations. Together, they painted a picture of a platform that is struggling to get moderation right, even after millions of downloads, and facing an uphill task to stay relevant to the right kind of audience it wants to attract.
BUSINESS
Data protection laws will help research by making data available in reliable format: Kris Gopalakrishnan
He was speaking at the Infosys Prize 2021 event on December 2. Gopalakrishnan, who is also President, Infosys Science Foundation, said, “If you look at the non-personal data protection recommendation framework that we have created, it talks about making data sets available for research as a shared infrastructure."
BUSINESS
IT spending in India will reach $100 billion by 2022: Gartner
This is up 7 percent from what the companies spent the previous year, driven by digital transformation in the wake of the COVID-19 pandemic.
BUSINESS
We wouldn't be where we are today without the IT boom: Girish Mathrubootham
He also spoke about the challenges in the RBI payment guidelines, which is not helping SaaS players. He has suggested creation of whitelist of good companies that are allowed to build their businesses for ease of business.
BUSINESS
Smart, calm, execution-focussed: Twitter CEO Parag Agrawal has his task cut out
At 37, Agrawal is the youngest CEO of any S&P 500 company in the US. He takes over at a time when the company is still playing catchup with fellow social media majors such as Facebook and Snap.
BUSINESS
Who is Parag Agrawal, the new CEO of Twitter?
Agrawal joins the elite list of global tech CEOs from India such as Microsoft’s Satya Nadella, Google’s Sundar Pichai, and IBM's Arvind Krishna.
BUSINESS
Here are 7 things you should know about Data Protection Bill
The much-awaited data protection bill, which has been slammed for giving unbridled powers to the government and its agencies, is expected to be taken up during the ongoing winter session
BUSINESS
Explained | All you need to know about Web3 and what is happening in India
Web3 is all about blockchain and decentralisation, with likely implications for privacy, and plagiarism.
BUSINESS
Data protection bill is Orwellian, loaded in favour of the government: Justice BN Srikrishna
Moneycontrol had a discussion with Justice BN Srikrishna, who spearheaded the committee that came up with the first draft of the personal data protection bill in July 2018.
BUSINESS
Draft Personal Data Protection Bill is taking focus away from individual privacy, say experts
The bill was finalised and adopted by the Parliamentary panel on November 22, and would be tabled in the Winter Session of Parliament. The bill was first proposed in 2018 by the expert committee headed by Justice BN Srikrishna following the Supreme Court judgement that ruled that privacy is a fundamental right.
CRYPTOCURRENCY
Will uncertainty over India's crypto regulation impact job creation?
The crypto industry currently employs about 50,000 people and has the potential to create 8,00,000 jobs by 2030
BUSINESS
IT services sector to hire around 4.5 lakh employees in H2 FY22: Report
The report, IT Industry Q2 Insights & FY22 Forecast, by the market intelligence platform UnearthInsight revealed this is 12 percent more than what the companies hired in the first half of FY22. Over 30 IT services
BUSINESS
LatentView listing | Bootstrapped, profitable, under the radar: How Venkat Viswanathan built this Chennai-based Analytics firm
LatentView listed on the Indian stock exchanges on November 23, 2021 and had a bumper opening with stocks trading at Rs 512.20, from IPO price that was fixed between Rs 190-197
BUSINESS
Why Facebook is repeatedly facing flak over malicious content
In the backdrop of the France Haugen revelations, we look at how the social media platform deals with content regarded malicious. A govt committee formed in 2020 asked Facebook why it didn’t remove hate speech and malicious content instead of reducing virality. Facebook’s reply was it cannot judge what is malicious and works with third party fact-checkers and civil society groups to help make that decision. Also, there is no separate definition of what constitutes hate speech in India.
BUSINESS
Cognizant gives tepid revenue guidance of 8-11% for 2022-24
The guidance is in constant currency CAGR. Of the total growth in the period, 6-9 percent organic constant currency CAGR and 2 percent would come from inorganic contribution. Cognizant expects to close the year with $18.5 billion.
BUSINESS
Apple supports 1 million jobs in India, investing significantly to grow operations: VP
Priya Balasubramaniam, Vice President of Product Operations, Apple, said these are both direct and indirect jobs from its own employees to the fast growing iOS app economy and supplier partners.
BUSINESS
Interview | Will look at global crypto opportunities, there are regulatory challenges in India: Accel India's Prashanth Prakash
Prashanth Prakash, an early stage venture capitalist with Accel, is a veteran when it comes to investing in technology startups in India. Prakash, who is also Chairman of the Vision Group on Startups, spoke to Moneycontrol, on the sidelines of Bengaluru Tech Summit, about the IPO frenzy, funding craze and investing.
BUSINESS
Non-personal data protection | Inadequate consultation between Centre, states could pose issues: MP Amar Patnaik
The government set up a committee headed by Infosys co-founder Kris Gopalakrishnan to regulate non-personal data. The idea was to set up a framework to unlock the economic value of this data and also address concerns arising out of such data.
BUSINESS
Info Edge uses profits, not risk capital like Zomato, to invest: Founder Sanjeev Bikhchandani
Info Edge operates portals such as Naukri, Jeevansathi and 99acres.
BUSINESS
Here's why full-stack developers get fat pay hikes and are the most sought-after
A full-stack developer is a software engineer who can take care of the full stack in web development, from the front end to the back end. Since the Covid outbreak, these roles have become the most sought after software jobs.
BUSINESS
Q2 Results Review: How top Indian IT companies fared in the quarter gone by
The pandemic both disrupted business for India’s IT companies and opened up new opportunities as the need for digitisation grew globally. Deals, clients and hiring were among the key trends that shaped their performance in the quarter ended September.
