By Sumeet Chatterjee
Wipro Ltd has named Abidali Neemuchwala as its new chief executive, as India’s third-largest software services exporter looks to regain market share from larger local outsourcing competitors. Neemuchwala, who joined Wipro as group president and chief operating officer from Indian rival Tata Consultancy Services Ltd in April last year, will start in… Read more »
Online education magazine Careers360 has raised an undisclosed amount in funding from MeritTrac, a testing and assessment services company owned by Manipal Global Education Services. In a separate deal, IIM Ahmedabad’s technology business incubator Centre for Innovation Incubation and Entrepreneurship (CIIE) has invested an undisclosed amount in WIMWI Foods. Manipal Global… Read more »
2016 will see an upswing in these trends and social, mobility, big data analytics, cloud services – will become the new reality with smartphones playing a pivotal role.
It has previously raised $400,000 from 500 Startups, Smile Multimedia, Snapdeal co-founders Kunal Bahl & Rohit Bansal and Freshdesk founder Girish Matrubootham.
The current year is likely to be better with new funds like the Independent and Public-Spirited (IPS) Media Foundation and Hindustan Times Accelerator supporting journalism related ideas. TheNewsMinute The company started by journalist Chitra Subramaniam Duella (of the Bofors scandal fame) and Dhanya Rajendran (Ex-Times Now) has raised close to Rs… Read more »
Consolidation will set in as the industry moves closer to the ideal 5+1 model—five private operators and one public operator.
Tepid home sales, rising inventory levels and weak sentiment pulled down India’s property markets in 2015, with not much hope of a recovery soon. The sector awaits the return of investors and customers, who seem to be waiting for prices to stabilise and developers to honour project delivery schedules before… Read more »
Disruption. That’s the one word that describes what will happen in the banking sector in 2016 and beyond.
Venture capital firm Sequoia Capital has invested $6 million in B9 Beverages Pvt Ltd which markets craft beer under the brand Bira 91, according to The Times of India article. The company will use the money for marketing and for its expansion plans. Bira 91 was launched in February 2015… Read more »
Payments solutions provider Paytm, run by One97 Communications Pvt. Ltd, has acquired consumer behaviour prediction and recommendation platform Shifu for $8 million, the company said on Monday. Delhi-based Shifu, run by Signal Inc., started operations in August 2012. It mines the smartphone usage patterns of users and makes personalised recommendations… Read more »