ITC's hotel business demerger raises questions on capex funding
The restructuring will help the hospitality business to grow independently, allowing the group to optimize the hotel business, say analysts.
Former SBI CFO Charanjit Attra joins Jio Financial Services as COO
On August 31, 2020, Moneycontrol was the first to report that Attra, an EY Partner, was headed to SBI as CFO, in a rare lateral hire from the private sector by the PSU lender
Infosys headcount shrinks by 6,940 in Q1FY24, employee count declines for second consecutive quarter
Attrition for the quarter continued its downward trend and came in at 17.3 percent, from last quarter’s 20.9 percent.
Factors.ai raises $3.6 million in pre-series A funding led by Stellaris Venture Partners
The startup is planning to utilise the funding towards expanding its Go-to-Market (GTM) teams and scaling up its offerings.
Fintech startup Easebuzz doubles revenue to Rs 236 crore in FY23 as demand surges
Since the end of last year, Easebuzz has witnessed jump in its services after the RBI directed some of its competitors like Razorpay, and Cashfree to pause on-boarding new merchants
India’s UPI enters France: Who stands to benefit and what’s ahead
While UPI going global will accelerate cross-border transactions in a faster and easier way, experts also say that adoption of UPI globally will further accelerate the growth of fintechs and their penetration globally
Celebrating 50 Million Feelings
Vistara celebrated flying 50 million customers in a special way
Google extends Play Games beta for PC to India, 60 other countries
In India, the service will be available in English and Hindi. Players will be able to access popular titles from Indian developers, such as Ludo King and Hitwicket Games, as well as global titles, such as Eversoul, Lords Mobile, and Evony: The King’s Return.
Enkash launches Olympus to automate business payables and receivables for SMEs
Enkash’s Olympus automates repetitive, manual processes such as transaction entries, bank reconciliation, payment management, collection management, expense tracking, and invoice management.
Wipro sees headcount decline for the third consecutive quarter, ends Q1FY24 with 8,812 fewer employees
Attrition came in at 17.3 percent on a last-twelve-month basis, continuing its downward trend.
SaaS firm Zluri raises $20 million funding led by Lightspeed Venture Partners
Zluri will utilise the funding to expand generative artificial intelligence (AI) capabilities in enterprise SaaSOps
B2B unicorn Zetwerk appoints Pulkit Bhandari as Chief Financial Officer
In his role as CFO, Bhandari will be responsible for closely collaborating with the founders on strategy
28% GST On Online Gaming: Will Gamers Have To Pay More? | Skill Based Games vs Gambling
The 28% tax announced on online games and casinos was the key highlight of the GST Council’s meeting. But what does this tax on online gaming mean for for players and the skill-based gaming industry, and what will be its impact on the gaming startups? Let’s decode it for you.
Razorpay enters overseas markets with payment gateway services in Malaysia
The new Curlec Payment Gateway launched by Razorpay will serve more than 5,000 businesses with a target of RM 10 billion (Approx. USD 2 billion) in annualised Gross Transaction Value (GTV) by 2025.
AI firm Mad Street Den partners with FedEx Innovation Lab
Through the partnership, FedEx will also be investing in Mad Street Den to help the firm double down on the logistics sector customers.
BSE celebrates 149th foundation day, unveils new logo
Formerly known as Bombay Stock Exchange, this exchange and its benchmark index S&P BSE Sensex is a household name of the Indian capital markets.
PhonePe enters PoS device market to take on Pine Labs, Paytm and Razorpay
The PoS device market is presently dominated by players like Pine Labs, Razorpay and Paytm. As per RBI's data available as of May 2023, there are around 79 lakh PoS devices across India.
Marico optimistic about recovery in rural demand and growth prospects
Despite a lack of clear signs of improvement in demand trends during the quarter, the sector remained stable, with urban markets maintaining a steady performance, the FMCG company said in its quarterly update for Q1.
CRED ropes in former SBI MD Sriram as independent director
As part of the board, Sriram will provide guidance and counsel for the company’s long-term strategy, growth plans, and execution roadmap.
Godrej Consumer Products sustains strong demand with double-digit volume growth
Godrej Consumer Products reported a steady consumer demand in the country, maintaining a consistent performance over the past few quarters in their quarterly update for Q1 FY24.
Plum Insurance forays into business insurance space, targets startups and SMEs
The Tiger Global-backed firm is planning to clock a revenue of at least Rs 10,000 crores and take a time frame of three to five years before venturing to other countries
Staffing platform Smartstaff raises $6.2 million in series A round
The firm plans to use the funding to scale up geographically and replicate its operations across other categories.
National drug pricing body fixes ceiling prices of 51 drugs and 2 formulations
The price of 24 anti-diabetic formulations that lead with dapagliflozin and another 14 with vildagliptin and two with sitagliptin molecules were set
Uber India seeks support of Bengaluru users to legalise bike taxis
Uber has reached out to its users through an email campaign to sign a petition to lift the ban on bike taxis through the newly launched 'Brand Bengaluru's' website
