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Wipro's Q1 net profit declines 21% over acquisitions, talent cost

Despite a below-expectation showing, IT major expects double-digit growth in FY23

Rupee at 80 to the dollar: IT services and tech industry to get a leg up

As the rupee touches 80 to the dollar, the extent of gains for Indian companies may differ basis their exposure to non-US regions and the performance of their currencies

Institutional shareholders vote against logistics firm Delhivery's ESOP

Majority say no to the plan; new-age companies have faced similar hurdles

L&T aims to grow IT & Tech services revenue to high teens by 2026

The group will also be entering new-age businesses that it has incubated, such as L&T EduTech and L&T SuFin, a B2B e-commerce platform for industrial and construction products

Quality standards for gig, shared economy players soon: top govt officials

Indian Bureau of Standards also mulling adoption of ISO benchmarks; need for standardisation also arises from increasing number of complaints received by consumer affairs ministry lately

Temasek bullish on Indian start-ups, renew energy despite slowdown overseas

Top executives of Temasek, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in FY 22

OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek

The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures

An alternative to language: How well do people know their emojis?

67% of global respondents feel closer talking to someone who understands the emoji they're using

HCL Tech sees attrition easing in couple of quarters: CEO Vijayakumar

In a Q&A, HCL Technologies CEO and MD C Vijayakumar, talks about growth momentum from its majority market the US and managing supply-side issues

Over 7 mn users download Tata Neu app within seven weeks of launch

Tata Neu app has been downloaded by over 11 million users as per the data from App Annie, a mobile app tracking platform

With Europe slowing, TCS says North America to drive its growth in FY23

The IT major indicated that clients in Europe are more cautious on tech spends given the possibility of deeper recession and ongoing conflict in Eastern Europe, leading to delays in decision making

Our cost of funds is the lowest in the industry: Mintifi CEO Anup Agarwal

In a Q&A, Minitifi's co-founder and CEO Anup Agarwal talks about how it has enabled distributors and retailers to increase sales

Automation a key element of business strategy across countries, says survey

Of 1,000 global organisations surveyed, over 90 per cent say automation addresses the impact of geopolitical and economic uncertainty

No signs of slowdown in attrition at TCS; firm says it has enough hands

TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains

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