Sridhar Vembu, the CEO and co-founder of Zoho, compared the progress in artificial intelligence to nuclear weapons, cloning, etc, and has called for “no further” development in the field until…
Author: Admin
Cyient reorganizes executive leadership before quarterly results
Cyient, an Indian IT and tech company, announced a change in executive leadership on Monday. In a release, the company announced that the board of directors appointed Krishna Bodanapu as…
Tech layoffs: IBM spinoff Kyndryl eliminates marketing, admin, HR roles in India
IBM spinoff Kyndryl is the latest tech company to cut jobs in India. Sources told Business Today that the company will be paying 2-month pay in severance to laid-off employees.…
Swiggy CTO Dale Vaz resigns; Madhusudhan Rao to replace him: Report
Dale Vaz, the chief technology officer of Swiggy, has reportedly resigned from the company after about five years. Madhusudhan Rao, who has been with the company for over four years,…
Manufacturing PMI hits 3-month high; increases to 56.4 in March from February’s 55.3
India’s manufacturing PMI increased from 55.3 in February to 56.4 in March, the strongest growth in three months, according to S&P Global India Manufacturing Purchasing Managers’ Index. The report said…
‘Nobody shed tears for those…’: Aswath Damodaran points to misplaced sympathy for new-age tech firms
Valuation guru Aswath Damodaran told Business Today recently that he’s of that opinion that “young companies” shouldn’t be getting bank debt and that no one should “shed tears” for companies…
Infosys founder Narayana Murthy explains why he is a capitalist
NR Narayana Murthy, founder of IT services company Infosys, spoke about his inclination towards capitalism while speaking at the Indian Institute of Management Ahmedabad (IIMA) over the weekend. Murthy recalled…
Former Israel ambassador to India appointed Executive Chairman of Adani’s Haifa Port
Former Ambassador of Israel to India, Ron Malka, has been appointed Executive Chairman of the Haifa Port, owned by Adani Group and its Israeli partner Gadot Group. The consortium of…
Feel bad that I invited my mother to visit Infosys only when she was dying: NR Narayana Murthy
NR Narayana Murthy, the founder of Indian IT giant Infosys and currently the Chairman of Catamaran Ventures, shared anecdotes from his life while speaking at the Indian Institute of Management,…
RBI MPC meeting: RBI likely to hike benchmark interest rate by 25 bps on April 6
The Reserve Bank of India (RBI) is expected to hike the benchmark interest rate by 25 basis points in the bi-monthly monetary policy to be announced on April 6 (Thursday),…