IT firms see uptick in new orders in Q2

Commenting on deal wins, Sachin Alug, CEO, NLB Services said IT companies have reportedly won contracts from segments like BFSI, aviation, automotive, green energy, and more.

25 Aug 2023

Crypto unicorn CoinDCX lays off 12 per cent of workforce

The crypto unicorn will also resize certain teams and steer the business towards profitable and sustainable growth.

23 Aug 2023

Edtech firm Byju’s lays off of 100 employees citing 'poor performance'

The company has fired over 3,000 employees so far. A spokesperson from Byju’s confirmed the development.

19 Aug 2023

What lies ahead for Blockchain in future 

Simply put, blockchain is a ledger that records transactions which cannot be altered or manipulated.

18 Aug 2023

Venture debt funds emerge as alternate source of capital raising for start-ups 

The increased financial leverage that accompanies venture debt can potentially encumber start-ups with debt obligations that might inhibit their agility and creative freedom. 

17 Aug 2023

India Inc takes giant leaps in empowering women

Companies from Ola, Ashok Leyland, Berger Paints to Bosch and JSW Paints, among other prominent companies, have employed all-women production lines or factories.

13 Aug 2023

Acquisition gone wrong: Saarthi, investors file case against Classplus in Delhi HC

A person familiar with the matter told this newspaper there is a lot of number forging internally at Classplus, which has resulted in practices like these.

10 Aug 2023

Fantasy sports start-up Mobile Premier League cuts workforce by 50% after 28% GST on online gaming

Many gaming companies and federations such as the All-India Gaming Federation had said that this 28% tax will severely impact the online gaming sector.

08 Aug 2023

Byju’s misses timeline set by creditors to amend USD 1.2 billion loan terms

Sources said discussions are on and it is progressing well in right direction and expected to close at the earliest.

05 Aug 2023

Future of workplaces: Machines will be your colleagues

A study published by Harvard Business Review underlines this, by showing how humans and machines can enhance each other’s strengths, creativity, speed and scalability.

04 Aug 2023

Used car startup Spinny lays off 300 as it merges two platforms

The Tiger Global-backed start-up merged its two platforms- Truebil and Max- with its main platform. This move will impact 4.5% of its total workforce.

04 Aug 2023

'Risky bets' make Zomato profitable in Q1

Blinkit, its quick commerce business, also turned Contribution positive for the first time.

03 Aug 2023

Cognizant reports $4.9 billion revenue in Q2; CFO to retire in 2024

Cognizant, which follows the calendar year, saw bookings growth of 17% y-o-y in the June quarter.

03 Aug 2023

The big data rush

Nasscom says India has a huge potential to take a large share of global data centre investments with annual investments reaching $6-$8 billion by 2025. 

28 Jul 2023

Dunzo likely to fire 200 in third round of layoff

This is the third round of layoffs in which about 200 employees are likely to be fired.

22 Jul 2023

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