Ratan Tata-backed Niki.Ai today said it has raised USD 2 million (about Rs 13 crore) in funding from San Francisco-based fund SAP.iO. The series A round also saw participation from existing investor Ronnie Screwvala’s Unilazer Ventures, Niki.ai said in a statement. The artificial intelligence startup has also received funding from Haresh Chawla (Partner at True […]
Investment bank Credit Suisse is reaching out to minority shareholders of Snapdeal to build a consensus on the sale of the e-commerce platform to larger rival, Flipkart. According to sources, Credit Suisse, which is advising Snapdeal on the proposed deal, is reaching out to smaller shareholders to get them on board for the acquisition. The […]
Tata Consultancy Services (TCS) was ranked among the top two job creators in the US for the IT services sector over the past five years, according to a study. The countrys largest software exporter has recruited more than 12,500 US employees from 2012-2016, while it ranked first in terms of US employee growth during that […]
Ratan Tata-backed eyeware retailer Lenskart plans to invest over Rs 100 crore on business expansion, including opening of 400 stores, in the next two years. The company, which has a strong online presence, is eyeing a total of 700 stores by March 2019 by targeting small towns, tier II and III cities. “As of now […]
IT services major Infosys today said it will hire 20,000 people this year as against only 400 people being asked to leave on performance grounds and termed reports of large-scale job losses as “overstated”. Infosys COO UB Pravin Rao said the technology-driven transformation presents new opportunities for companies like Infosys. “With respect to all the […]
On Friday, Ola along with Mahindra announced a joint venture programme to build an electric mass mobility ecosystem in Nagpur. Devendra Fadnavis, Chief Minister of Maharashtra, and Nitin Gadkari, Minister of Road Transport, Highways and Shipping, inaugurated the multi-modal electric vehicle project and Ola Electric charging station. This project brings vehicles across different segments and […]
Countrys largest IT exporter TCS today said it has opened a special facility in Ohio, US to conduct research on drone usage across industries. “Forward-thinking companies worldwide are at different stages of exploring drone technology to reimagine existing operational processes and transform the way they do business,” its chief technology officer K Ananth Krishnan said. […]
Tata Consultancy Services (TCS) has launched Merchant Pay to help retailers seamlessly integrate payments across multiple channels like Aadhaar, credit and debit card as well as phone-based payments through a single interface. Merchant Pay will allow consumers to transact by using fingerprint and confirming identity at stores that are enabled with this platform, TCS said […]
Tata Consultancy Services (TCS) recruited over 11,500 people outside India during 2016-17, including graduates from engineering and B-schools in the US, as it ramps up local hiring in offshore markets to tackle visa-related challenges. The country’s largest software services firm added 79,000 employees (gross) and 33,380 employees (net), taking its employee base to 3.87 lakh […]
IT firm Tata Consultancy Services (TCS) today said it has partnered Jnana Prabodhini, a social organisation, to build the world’s largest online community of teaching professionals. As part of the association, TCS iON (a unit of TCS) will work with Jnana Prabodhini to offer a platform to teachers for contributing and collaborating with peers and […]
Healthcare startup Oxa, focused on healthcare treatment globally through individually curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE based Idein Ventures. It aims to use the investment to build its technology stack and build its operations in Hyderabad. It is currently focusing on medical tourism to India and has […]
Automation and the new US administration were the big unknowns at the Indian tech sector’s annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the USD 150 billion industry, which rose to prominence at the […]