The Economic Time
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Many PE, VC funds get Sebi notices; Infosys net profit up 13.4% in Q3
These private-equity and venture capital funds, registered with the Securities and Exchange Board of India (Sebi) as AIFs, failed to adhere to...
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D2C startup Wakefit raises $40 million in funding led by Investcorp
Existing investors Sequoia Capital India, Verlinvest and SIG also participated in the funding round.
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Wipro promotes over 70 executives to stem attrition at top level
With the recent promotions, the Bengaluru-based IT firm now has around 200 vice presidents and 32 senior vice presidents.
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Cognizant appoints Ravi Kumar as CEO, replaces Brian Humphries
Infosys veteran Ravi Kumar succeeds Brian Humphries as CEO of Cognizant
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Infosys net profit up 13.4% in Q3; Cashfree starts layoffs; and Goat acquires Chumbak
Infosys said earlier today its consolidated net profit for the December quarter rose 13.4% on year to Rs 6,586 crore, beating estimates. Armed...
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Online payments firm Cashfree lays off 150 employees to cut costs
Bangalore-based fintech startup Cashfree, backed by the likes of YCombinator and Apis Partners said the layoffs will impact around 6-8% of its...
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B2B FMCG wholesale startup ApnaKlub raises $16 million in funding
TrueScale Capital, ICMG Partners lead round. ApnaKlub will use the money to improve its technology and sell its services to more kirana store...
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Tesla nears deal to build production facilities in Indonesia
Elon Musk last month said Tesla was close to picking the location of its new 'Gigafactory' following media reports that the automaker could...
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No evidence new user data leaks obtained via system bug: Twitter
Twitter said data of 5.4 million accounts had been compromised by a bug it discovered early last year, which it previously fixed and disclosed...
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Govt may seek deals for India-made chips; Google denied relief on second CCI order
Discussions are likely to be held with countries that don’t have extensive semiconductor manufacturing capacities and currently procure chips...