BUSINESS
Will Gurugram's loss become Noida's gain as Haryana implements new labour law
The new labour law that comes into effect from January 15, 2022, mandates 75 percent reservation for local people in private sector jobs where the salary is less than Rs 30,000 a month.
BUSINESS
Chingari's $19 million crypto bet and what it means
Responses to the short-video platform’s venture into crypto are mixed. The company, however, says crypto is its survival ticket and is needed to get an edge over rivals.
BUSINESS
IIT-Madras students receive 227 pre-placement offers, highest in 5 years
The university received 186 offers in the previous academic year. The top companies include Qualcomm (18), Microsoft (14), Honeywell (13), Texas Instruments (12) and Goldman Sachs (10).
BUSINESS
Internet IPOs | Cannot always have different metrics, have to toe the traditional parameters over time
Internet IPOs are all the rage right now. After the successful listing of online food delivery platform Zomato in July, internet companies that will be listed in the Indian stock markets include Nykaa, Paytm, Policy Bazaar, and more. So what should retail investors look out for? Should they invest or stay away?
BUSINESS
HCL Software head Darren Oberst quits the firm
HCL Software includes select IBM products that the company acquired for $1.8 billion and is one of the key focus areas for the company. The segment growth declined in the last quarter by 8 percent sequentially due to some delay in deal closures.
BUSINESS
Freshworks reports net loss of $107 million in first earnings after US listing in September
Freshworks’s revenue was $96.6 million for the quarter, up 46 percent year-on-year, from $66.18 million it posted in the same quarter last year. Freshworks expects to close Q4 with $99-104 million in revenue. For the full year 2021 the company expects revenue to be in the range of $364.5 million to $366.5 million.
BUSINESS
Cannot overstate how much of a breakthrough metaverse is: Microsoft CEO Satya Nadella
Speaking at Microsoft Ignite 2021 conference on November 2, CEO Satya Nadella, said, “It is no longer just looking at a camera view of a factory floor, you can be on the floor. It's no longer just video conferencing with colleagues, you can be with them in the same room. It's no longer just playing a game with friends, you can be in the game with them.”
BUSINESS
Microsoft joins ‘Metaverse’ bandwagon, to launch Mesh for Teams in 2022
Microsoft will launch Mesh for Teams in the first half of 2022, bringing in the mixed reality capabilities into the videoconferencing platform. Teams, which has 250 million monthly active users, is now being positioned as the gateway to Metaverse.
BUSINESS
Google India net profits jump 38 percent to Rs 808 crore for FY21
Google's revenues grew 14 percent for the year to Rs 6,386 crore at the end of FY21, compared to Rs 5,602 crore in the previous year
BUSINESS
Meet KV Ramani, who donated 80% of his wealth to Shirdi Sai Baba and is now building Sai University
The 70-year-old entrepreneur and philanthropist is now gearing up for his next mission- to build, in his words, the Stanford of India. Ramani is the founder-chancellor of Sai University,. an interdisciplinary and multidisciplinary university that started functioning in August this year.
BUSINESS
IT fresher salaries stagnates even as war for tech talent intensifies in India
According to former Infosys CFO and HR Head Mohandas Pai, IT companies must increase fresher salaries to Rs 5-5.5 lakh per annum, and after a year of training, the pay should be increased to Rs 6.5 lakh. He said this would lower the cost of hiring and bring down subcontractor costs for companies.
BUSINESS
New IT rules: MeitY releases FAQs section on new guidelines
The document laid down the protocols that intermediaries need to follow including taking down content, breaking end-to-end encryption, and other processes.
BUSINESS
Explainer | What does Facebook's metaverse look like?
Metaverse is a confluence of physical and virtual worlds, where you interact with your friends and colleagues in respective digital avatars through a headset or other similar devices. This world does not exist yet, and will take years before one can actually live on one.
BUSINESS
Facebook changes its name to Meta to reflect its metaverse ambitions
To reflect who we are and the future we hope to build, I’m proud to share that our company is now Meta, says Facebook Co-founder and CEO Mark Zuckerberg.
BUSINESS
Cognizant does not have enough headcount to fulfill its potential: CEO Brian Humphries
This is the second time the CEO has commented having to let go of some business due to supply crunch. It comes at the back of rising voluntary attrition of 33 percent (37 percent otherwise), highest among its India peers, at a time when the demand momentum is strong. The company will hire 45,000 freshers in India, who will be on-boarded in FY22.
BUSINESS
Top five Indian IT firms added 1.7 lakh employees between January and September 2021
In the quarter ending September 2021 alone, the top five IT majors added close to 70,000 people. It was 18,000 last year and 37,000 for the quarter ended September 2019.
BUSINESS
Kunal Shah, Vijay Shekhar Sharma, Amrish Rau among 21 angel investors in Masai School
Masai School is aiming to expand to 20 smaller cities by March 2022 and expects to double its monthly revenue rate to $1 million by January
BUSINESS
Tech Mahindra added 14,930 employees in Q2 FY22, attrition soared to 21%
Company's hiring strategy is likely to continue in the wake of the robust demand environment, and rising attrition
BUSINESS
Tech Mahindra makes two acquisitions for $120 million to strengthen its digital portfolio
Infostar LLC is a digital product engineering company that uses technology platform LodeStone to offer end-to-end product and data quality assurance solutions. WMW offers Shopify-focused e-commerce agency and has 43 employees in the UK and US.
BUSINESS
Can Wipro overtake HCL Tech to become India’s third biggest IT firm again?
Two years ago, HCL Technologies overtook Wipro to become India’s third largest information technology (IT) services company. Under new CEO Thierry Delaporte, can Wipro regain its place in India’s IT pantheon?
BUSINESS
Regulations will become tougher and tougher; fintechs should foresee this: Salesforce India chief Arundhati Bhattacharya
After over 40 years at India’s largest traditional lender, Bhattacharya transitioned into a world where tech and innovation are driving the new-age consumption of everything from groceries to financial services.
BUSINESS
Google Play Store commission cut does not address the issues of Indian startups: ADIF
On October 21, Google announced that it is lowering its app store fees for all subscription-based services to 15 percent from the existing 30 percent starting January 1, 2022. This comes as the internet giant faces increased scrutiny over its app store practices in India and across the world.
BUSINESS
Monetisation avenues open up for Indian short video apps, ad revenues triple in 6 months
Live commerce and live stream gifting are gaining traction in India. While live commerce is nascent in India with gross merchandise value at $100 million, it is expected to grow to $4 billion by 2025 and over $25 billion in 2030 led by short-form video platforms.
BUSINESS
L&T Technology Services eyes $1.5 billion revenue by FY25, to hire 2,000 freshers in next six months
The company has already added 1,200 campus recruits between April and September 2021. With demand for technology services increasing, talents have been one of the key challenges and a significant focus area for companies, who are facing rising attrition rates.
