Sunday, May 22, 2022

IT firms trying to win attrition war with bonus, Esops

​​Attrition rates may have moderated for IT companies, but continue to remain a real concern given the huge demand for tech workers, across a variety of digital sectors

from Tech-Economic Times https://ift.tt/toYirH6

Saturday, May 21, 2022

This is not the end, says Ankiti Bose, after being sacked as Zilingo CEO

The 30-year-old said she was unclear about her next steps but that “there is more to this allegation, suspension, termination saga” that has played out in the media over the past two months.

from Tech-Economic Times https://ift.tt/bBAwlDH

Startup investors push founders to focus on stronger unit economics amid funding slowdown

In the last 2-3 weeks, many startups have deferred hiring mandates to the next quarter, as they head into a funding winter and want to go slow on expansion and step cautiously to conserve cash, said executive search firms and startup founders.

from Tech-Economic Times https://ift.tt/i74szKH

Startup investors push founders to focus on stronger unit economics amid funding slowdown

In the last 2-3 weeks, many startups have deferred hiring mandates to the next quarter, as they head into a funding winter and want to go slow on expansion and step cautiously to conserve cash, said executive search firms and startup founders.

from Tech-Economic Times https://ift.tt/aMvQ4if

Paytm's consolidated losses mount to Rs 2,396 crore, revenue grew 65% to Rs 5,264 crore for FY 22

Total expenses for the financial services provider for FY22 stood at Rs 7,601.1 with payment processing charges and employee benefits expenses contributing to a lion’s share of the company’s total burn, as per the filings with the Indian exchanges.

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Paytm's consolidated losses mount to Rs 2,396 crore, revenue grew 65% to Rs 5,264 crore for FY 22

Total expenses for the financial services provider for FY22 stood at Rs 7,601.1 with payment processing charges and employee benefits expenses contributing to a lion’s share of the company’s total burn, as per the filings with the Indian exchanges.

from Tech-Economic Times https://ift.tt/6mJf4Gz

Friday, May 20, 2022

eMudhra collects Rs 124 crore from anchor investors

The company has allocated 48,37,336 equity shares to anchor investors at Rs 256 per share, aggregating the transaction size to Rs 123.83 crore, according to a circular uploaded on BSE website. The company has cut the size of the fresh issue from Rs 200 crore to Rs 161 crore. Besides, there will be an offer for sale (OFS) of 98.35 lakh shares by promoters and existing shareholders.

from Tech-Economic Times https://ift.tt/vNB4ZGn

eMudhra collects Rs 124 crore from anchor investors

The company has allocated 48,37,336 equity shares to anchor investors at Rs 256 per share, aggregating the transaction size to Rs 123.83 crore, according to a circular uploaded on BSE website. The company has cut the size of the fresh issue from Rs 200 crore to Rs 161 crore. Besides, there will be an offer for sale (OFS) of 98.35 lakh shares by promoters and existing shareholders.

from Tech-Economic Times https://ift.tt/X6v0kTN

Thursday, May 19, 2022

Follow rules or leave India: MoS Rajeev Chandrasekhar to VPN service providers

Chandrasekhar was speaking at the release of the Frequently Answered Questions (FAQs) on the Cert-In guidelines, which were issued on April 28.

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SMEs face CCI heat as etailers hold back info

​People with direct knowledge of the matter said some of these digital platforms are not cooperating with the investigations to full extent in terms of information sought. Hence the competition commission is trying to obtain the same information through these SMEs.

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Elon Musk says he ‘can no longer support’ Democrats, ‘will vote Republican’



from Technology | The Indian Express https://ift.tt/zHlQI4P

IndiaAI Mission's three indigenous AI models target offline mobile access, secure use in critical sectors

Three indigenous artificial intelligence (AI) models launched under the Centre's IndiaAI Mission are being developed for applications ra...