Page 57 - Shivani Shinde

TCS beats street estimates with 16.2% Q1 revenue growth; margins disappoint

Net profit misses estimate as salary hikes impacted margins by 150 bps

Rajesh Nambiar loses 'executive' role at Cognizant, to remain India head

Rajesh Nambiar shall remain Cognizant CMD and executive Vice-President of India

Indian startups raised $6.9bn in the June quarter, down 33% sequentially

They raised $6.9 bn in Q2CY22 against $10.3 billion raised in Q1CY22; funding winter is a result of the market slowdown

India Inc hiring intent up 7% in September quarter: TeamLease report

Indian firms top on this metric among major global markets; intent to hire at 64% in Sept quarter, up from 54% in previous three-month period; could touch 70% in next few quarters

Q1FY23 results: Margin pressure on IT services to remain, focus on outlook

Supply-side issues continue to impact companies

ONDC to give public access by August, has 150 entities on board yet

Seven companies - one buyer side app, five seller side apps, and one logistics service provider app - have built their own ONDC compatible apps

Hybrid or WFO, rising coronavirus cases haven't disturbed India Inc

Alert to Covid situation, companies across sectors are continuing with existing work models for now

Lenskart acquires majority stake in Japanese eyewear brand Owndays

This acquisition will take Lenskart's reach to 13 markets, including India, Singapore, Thailand, and Japan and make it one of the largest players in Asia's online eyewear segment

Cloud, security to be priority even if recession hits US: Morgan Stanley

The report suggests limited near-term impact for Indian IT services players, but commentary on FY24 will be crucial

SaaS startups gain favour as funding slows down for other companies

According to the Venture Intelligence data, year-to-date, SaaS start-ups have raised almost $1.8 billion

58% e-commerce consumers say their negative ratings not published: Survey

Almost 65% find product ratings to be positively biased, according to LocalCircles

Indian gig economy to have 23.5 mn workers by 2029-30: Niti Aayog report

Non-platform gig workers are generally casual wage and own-account workers in conventional sectors, engaged part-time or full-time

Teens risk privacy breach by sharing personal information on social media

There is hope that the kids are willing to adopt secured spaces if guided well, said Tsaaro CEO

Uniphore will continue to define conversational AI market: CTO Raghavan

Over the last decade, we have evolved our product suite from using external AI solutions to building our own algorithms and AI services, said Raghavan

With tech to hunt down hackers, cryptocurrency heists just got harder

A New York court case shows how law enforcement agencies can use tech platforms to bring cybercriminals to book, reports Shivani Shinde

Infosys gave capital return of over Rs 24,100 cr in FY22: Nandan Nilekani

Global concerns, rising inflation and supply chain disruption present opportunities, says company chairman

Zomato board approves acquiring quick commerce firm Blinkit for Rs 4,447 cr

Food aggregator setting sights on big play in quick commerce sector

Nykaa stock up 3% in intra-day trade as company hosts first analyst meet

Nykaa Superstore logs in 45,000 transacting retailers from over 500 cities

RBI's credit line norms: Card-based fintech players may have to stop offers

Some of the players expected to take a hit due to the RBI's diktat are Slice, Uni Cards, Jupiter, EarlySalary, etc

Accenture beats estimates to post $16.16-bn revenue in Mar-May quarter

Accenture follows a September-August financial year. Third quarter represented period from March-May 2022