Wednesday, March 2, 2022

With Covid cases on the decline, IT majors encourage employees to return

Infosys expects a hybrid model in which approximately 40 - 50 % of employees are likely to work from the office on any given day, said Richard Lobo, Executive Vice President, Head HR, Infosys.

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Prozo raises Rs 75 crore from Sixth Sense Ventures, others

Prozo will use the fresh funds to expand into other regions, acquire customers, invest in technology and hire people, Jakhar said.

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Tuesday, March 1, 2022

Kuhoo gets $20 million in fresh funding from WestBridge Capital

With the fundraise, the eight-month-old startup is now looking to partner with banks and non-banking finance institutions (NBFCs) along with top colleges in India to provide credit to students.

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Step up for Amazon’s Amit Agarwal; India 2nd to US in YCombinator list

Manish Tiwary, vice-president of the web retailer’s consumer business, will oversee day-to-day functions, but Agarwal will continue to head the India business.

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TCS to unveil new operational structure with four distinct business groups

Starting in April , the IT giant will order its entire business into groups termed as – acquisition, relationship incubation, enterprise growth and business transformation

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Enphase looks to tap 10% of rooftop market in next 2 years

Enphase sees incredible growth potential in India and has partnered with Salcomp to provide an impetus both domestically and export-wise for the country, said Sunil Thamaran, VP and MD at Enphase Energy India.

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Amazon’s Amit Agarwal elevated to head emerging markets

Manish Tiwary to run day-to-day India operations

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Fintech focused investor QED will deploy $500 million in Indian startups

Some of the fund’s biggest bets are Nubank, Remitly, SoFi and Klarna

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Ashneer Grover resigns from BharatPe, says he’s been ‘vilified’ by investors

Grover said in an email sent to the fintech’s board on March 1 at midnight that he had been ‘vilified’ and treated in the ‘most disrespectful manner’ since the beginning of the year.

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As Russia invades Ukraine, Moscow battles big tech to control the narrative

For the tech companies, the stand-off is the latest step in an ongoing confrontation with Russia where platforms risk government-imposed restrictions in the country as it seeks to censor dissidents while protecting state-run media.

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Indian startups second to US on Y Combinator’s top companies list

The list contains both public and private companies, which are valued at $150 million or more, and are sorted by their valuation as of February 2022.

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...