Page 38 - Shivani Shinde

Tata Comm to acquire NYSE-listed Kaleyra for $100 mn in all-cash deal

The firm reported revenue of $339.17 million in 2022, up from $267.74 million in CY21

RTP Global closes $1bn fund, will make third of investments in India

Fund will invest in sectors that include artificial intelligence, enterprise software, fintech

India Inc is excited about generative AI, says Salesforce India CEO

But the actual deployment of the new-age technology would still take substantial time, says Arundhati Bhattacharya

8 gazelles demoted to cheetahs, 9 out of Hurun Unicorn Index 2023

India's future unicorns are currently worth $57bn, with an increase of 16% as Compared to last year - mainly driven by addition of new future unicorns to the list

The public sector is a big focus area for us: Oracle's Shailender Kumar

You will hear a lot of announcements, says Shailender Kumar

Byju says firm's $22 billion valuation intact, accepts past mistakes

Raveendran told the shareholders that discussions were on for several weeks regarding the reconstitution of the board to strengthen processes

Digital twins will reshape business and society by 2035, shows data

The inaugural Digital Twindex has been prepared by TCS Futurists, based on a study conducted using the Delphi technique

Amazon to invest an additional $15 bn in India over the next 7 years

This will take Amazon's total India investment across all businesses to $26 billion

TCS say no recruitment fraud; issue relates to breach of Code of Conduct

TCS made these clarification to the exchanges in a filing, as media report said that senior executives involved in hiring thousands of personnel took bribes from staffing firms

Indian Staffing Federation asks firms to engage with ethical staffing firms

In a statement ISF, the apex body of the staffing industry, said it has a stringent code of conduct for its members

Another bite: Apple in talks with NPCI to launch Apple Pay in India

Apple India spokesperson in a statement said that they do not have comment on Apple Pay nor about interactions with NPCI

Troubles mount for Byju's, auditor Deloitte resigns over financial results

Separately, three board members reportedly resign but the company denies this

Elon Musk to drive Tesla into India soon, plans to visit country next year

He said he hopes to bring SpaceX's Starlink satellite internet service to India, as well

Tata Consultancy Services signs £1.5 billion contract with UK's NEST

Earlier this year, UK's largest workplace pension scheme had ended its $1.8 billion deal with Atos midway

Apple Vision Pro: Can it create a new category for the tech giant?

Analysts say it will likely remain a vanity tech, though there is a view that AR, VR will become pervasive interfaces

India's largest edtech firm Byju's sacks 1,000 more; count jumps to 3,500

The company, according to the sources, will give two months' salary to those laid off

Unicorn CFOs: US leans more on outside hires than India, has older set too

Study by WalkWater Talent Advisors also points to gender disparity, with women CFOs only leading 4% of Indian Unicorns, compared to 17% in US

Financial irregularities found at Mojocare after review, say investors

Investors in the Bengaluru-based firm in a statement said that they have found financial irregularities and also said that the business model is not sustainable

Uniform charging cables first choice for 90% of Indians, shows data

LocalCircles conducted a survey across 23,000 respondents in over 303 districts to understand what is their take on the need for a single charger

Uncertain economy, rapid tech change bring mega-deals under fire

Recently, TCS saw its mega deal with Transamerica come to an end