India’s leading private equity firm ChrysCapital has acquired California-based Xoriant, a premier Software Engineering and Digital IT services provider with Fortune 100 customers worldwide, for an undisclosed amount. Having a…
Category: Companies
Amazon India to lay off 1% of its workforce, 1,000 employees to be impacted: Report
A report said on Friday that Amazon India will lay off 1% of its workforce in the country as part of the global layoffs announced by the Seattle-headquartered e-commerce giant. …
Mamaearth vs HUL vs Nykaa: How Twitterati think the valuations stack up
Ever since Mamaearth’s parent company, Honasa Consumer Ltd, filed IPO papers with Sebi, its valuation has been fodder for ridicule on social media platforms. Many Twitter users wondered what the…
With profitability on its side, SaaS start-up Perfios charts IPO course
Even as most new-age technology stocks continue to underperform, Perfios, a provider of Software as a service (SaaS) solutions for banking and financial services industry, is readying itself to hit…
Harvard, Oxford, MIT in India? Students welcome UGC’s draft legislation for Indian branch of foreign universities
The University Grants Commission of India on Thursday put forth a draft legislation for public feedback and review that would facilitate foreign universities to set up branches in India as…
Shark Tank India 2: ‘Keep hustling,’ says boAt’s Aman Gupta to STAGE founders
Most entrepreneurs face hiccups, be it a lack of funding or being on the verge of shutting down. But how they deal with these challenges and emerge stronger is what…
Amazon layoff signals more pain for tech sector as recession fears mount
The massive job cuts by Amazon.com Inc, one of the biggest private employers in the United States, show the wave of layoff sweeping through the tech sector could stretch into…
RBI says fresh KYC process can be done by visiting bank branch, or remotely via V-CIP; check details
Reserve Bank of India on Thursday said fresh KYC process can be done by visiting bank branch or remotely through Video Based Customer Identification Process. As per the present guidelines,…
Bed Bath & Beyond exploring options including bankruptcy, shares fall 13%
Bed Bath & Beyond Inc on Thursday said it was exploring options including a bankruptcy filing to address the U.S. home goods retailer’s plunging sales, dwindling cash and debt load,…
Vimeo to lay off 11% staff, Indian-origin CEO says ‘hard decision’ but ‘responsible choice’
Vimeo has added its name to the list of numerous tech companies announcing layoffs. The American video-hosting platform has said that will let go 11 percent of its staff. CEO…