Dunzo widens losses eight-fold on mounting operational costs

Binu Paul

Bengaluru-based hyperlocal logistics startup Dunzo has extended its losses nearly eight-fold for the financial year ended March ....

31 October, 2019

IBM India FY19 profits decline 12%

Shashank Didmishe

IBM India, the Indian unit of US-based information technology giant IBM, has reported a 12% decline in net profits for the financial ....

31 October, 2019
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Facebook collaborates with SAIF Partners to mentor India’s SMBs

Supriya Roy

Facebook India has collaborated with venture capital firm SAIF Partners via its initiative, VC brand incubator program to fuel ....

31 October, 2019

Cloud analytics company Manthan Software appoints Manoj Agarwal as COO

Payal Ganguly

Bengaluru-based cloud analytics company Manthan Software has appointed Manoj Agarwal as chief operating officer. In his new ....

31 October, 2019

Singapore-based Qoo100 buys troubled ecommerce firm ShopClues in all-stock deal

Payal Ganguly

Former ecommerce unicorn ShopClues announced its merger with Singapore headquartered ecommerce platform Qoo10 in an all stock ....

31 October, 2019

Costs swell at Flipkart, Amazon as ecommerce rivals woo Bharat consumers

Shashank Didmishe

The ongoing rivalry between Walmart-owned Flipkart and Seattle headquartered Amazon for dominance in share in India’s booming ....

31 October, 2019
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Cognizant to cut 7,000 jobs, exit its content moderation business

Supriya Roy

Information technology firm Cognizant is laying off 5,000 to 7,000 mid-to-senior level associates over the next few quarters. Cognizant ....

31 October, 2019

TikTok parent ByteDance rings in profits in first full year of India operations

Payal Ganguly

ByteDance India Technology, the Indian subsidiary of the Chinese internet giant that owns the popular short video app TikTok, ....

31 October, 2019

Auto giant Toyota, Mirai Creation Fund back mobility startup Shuttl with $18 mn

Shashank Didmishe

Shuttl, the bus aggregator platform owned by Gurugram based mobility startup Super Highway Labs, has raised $18 million in a Series ....

31 October, 2019

SaaS unicorn Druva rolls out updates for Microsoft Teams, Slack among other features

Tanmay Tiwary

California-headquartered cloud management and protection firm Druva has rolled out new updates, including support for Slack and ....

31 October, 2019
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Watch: Nokia’s Randeep Raina on building India-specific solutions ahead of 5G rollout

Shweta Sharma

Finnish telecom networking equipment major Nokia’s Bengaluru development center has lately been a hub of activity for ....

31 October, 2019

CCI approves Hyundai, Kia’s 300 mn investment in Ola and its electric arm

Tanmay Tiwary

The Competition Commission of India has finally approved Hyundai and Kia's $300 million investment in Ola and its electric ....

31 October, 2019

Quess Corp reports moderate rise in Q2 profits; Krishna Suraj Moraje is group CEO designate

Tanmay Tiwary

Bengaluru-based business service provider Quess Corp saw a moderate rise in its net profit for the quarter ended September, 2019.  The ....

31 October, 2019

Tech Mahindra builds its first development centre in Romania

Tanmay Tiwary

Pune-based information technology services enterprise Tech Mahindra has set up its first development centre in Timisoara, Romania.  The ....

31 October, 2019

Infosys data has no perceivable inconsistency: ICICI Securities

Vignesh Ananthraj

Data points shared by information technology services company Infosys have no “perceivable inconsistency,” ICICI Securities ....

30 October, 2019

Agri-tech startup Fasal raises $1.6 mn seed round from Omnivore, Wavemaker

Supriya Roy

Fasal, an agriculture analytics platform owned by Bengaluru-based Wolkus Technology Solutions, has raised $1.6 million in a seed ....

30 October, 2019

PayU leads $11 mn round in Fisdom to enter wealth-tech business

Tanmay Tiwary

Fisdom, a wealth management app owned by Bengaluru-based fintech startup FinWizard Technology, has raised $11 million in a funding ....

30 October, 2019

Google Pay adds biometric security feature for user payments: report

Supriya Roy

Google Pay, the digital wallet platform of the search engine giant, has released a biometrics-enabled feature for users’ ....

30 October, 2019