Aniruddha Ghosh

Tech Mahindra reports drop in net profit, revenues

For FY19, Tech Mahindra announced a net profit of Rs 4,298 crore — an increase of 13.1% over last year.

Tech Mahindra, 5G offerings,  5G rollout, Department of Telecom, 5G spectrum in India, DoT, Ebitda margin, 5G trials News

Sqqrl: Fintech startup helping individuals make money on the tiny savings

Offering goal-based investments and customised portfolios, this fintech startup helps individuals make money on the tiny savings.

Every time an individual spends money, the amount is rounded up to the next Rs 100 and the difference is invested. If she goes for a coffee and the bill is Rs 282, Rs 18 is saved. This money is then invested in liquid funds. — Samant Sikka, co-founder, Sqrrl News

This startup firm delivers farm fresh and certified organic milk at your doorstep

Happy Milk serves individual buyers, stores like Nature’s Basket, Foodhall to name a few, it even takes bulk orders.

Industry News

BlackBuck raises $150 million; Goldman Sachs, Accel lead round

As part of this round, employees at BlackBuck can liquidate 25% of their total vested stocks, at the current stock price.

Industry News

Hexaware Technologies posts weak quarter, consolidated net profit of Rs 138.4 crore

“Every year our Q4 and Q1 are lower margins, they come back sharply up in Q2 and even better in Q3.

Hexaware Technologies, EBITDA margin, US for skill creation, US, Hexaware Technologies MET PROFIT News

Mindtree Q4 net profit rises 3.7% q-o-q to Rs 198 crore

The EBITDA margin went down by 0.7% Q-o-Q to 15.2%, which also represents a 0.9% drop Y-o-Y, but the net profit margin grew 0.1% Q-o-Q to 10.8%.

Mindtree Q4 net profit rises 3.7% q-o-q to Rs 198 crore News

What’s spurring the growth of mid-tier hotels in India

The breakeven point for mid-tier hotels is usually lower, at three to four years, when compared to that of premium hotels — in which case, it takes at least five to six years.

Industry News

Mobile wallets and lending will be top product lines for banks by 2022

An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022

Mobile wallets, financial services sector, Retail Banking, Infosys Finacle,  return on investment, retail banking News

IBM launches India Developer Champions programme, aimed at creating platform to acknowledge developer work

Software and technology firm IBM, in co-operation with the ministry of electronics and information technology (MeitY) and Nasscom, has announced ‘India Developer Champions’, a multi-year programme which recognises develop

ibm, software firm ibm News

Sodexo to increase focus on small and medium enterprises in India

The company had created a dedicated team to cater to smaller companies to maintain service standards.

Industry News

WhatsApp Business: How companies are using app to cut costs and communicate better

Companies have been using the messaging platform to cut costs and communicate better with customers

Industry News

Homigo: How this rental company offers furnished properties to tenants, fixed income to owners

This rental marketplace offers furnished properties to tenants while promising a fixed rent to homeowners.

Infrastructure News

Puneet Bhirani is new Ola COO

Bhirani joins Ola from IT firm Mphasis where he was the CEO of its subsidiary, Digital Risk, based in Orlando in the US.

Ola new COO, Punit Bhirani, Ola Fleet Technologies, OFT business, Bhavish Aggarwal News

Omnichannel Strategy: Combining the best of online and offline

Startups such as Perpule and Wagonfly have designed self-checkout systems for offline customers to discover products, access offers and make payments.

Industry News

Instamojo raises Rs 50 crore in Series-B funding

Fintech start-up Instamojo announced on Wednesday it had raised Rs 50 crore in a Series-B round of funding. The round was led by both existing and new investors.

instamoji, fintech News

Fablestreet: Products are premium, with prices ranging from Rs 1,700 to Rs 3,500

Fablestreet has 500 stock-keeping units live on the website across categories.

Industry News

Infosys reports 12% decline in Q3 profit, announces Rs 8,260-crore share buyback

Infosys posted its October-December earnings which were lower than analysts’ estimates as subdued growth in services and cautious spending by clients created pressure.

Industry News

Instamojo plans to enter ad space, raise non-payments revenue share

Instamojo is a payments company which focuses on small online sellers with sales of Rs 10-15 lakh annually.

Industry News

Swiggy’s fundraise: A billion dollars to feed a billion people

Investors continue to back food delivery platforms given the spread of the internet should boost online ordering.

Industry News

Tata Starbucks to open more than 25 stores across metros in 2019

Tata Starbucks plans to open more than 25 stores in 2019 across metros while it faces increasing competition from existing brands which are also expanding their footprint.

Industry News

Pepperfry ventures into home interiors

Furniture and home products marketplace Pepperfry has launched end-to-end home interior design solutions service.

pepperfry, singapore, indonesia News

Ninjacart raises Rs 250 crore from Accel US, Syngenta Ventures in Series B funding

Agri-tech platform Ninjacart has raised Rs 250 crore in a Series B funding round from Accel US, Syngenta Ventures, Neoplux, Joe Hirao (the founder of ZIGExN), HR Capital and Trifecta Capital. Existing investors Accel India, N

agriculture sector, agriculture industry News

Data collection in firms to impact employees

Firms are collecting information on employee performance and workforce metrics to ensure better employee efficiency

Industry News

Rising impact investments driving growth of e-governance platforms

The rise of impact investment in India is driving the growth of e-governance platforms, leading to better transparency, accountability and governance in some regions, according to venture capitalists, government officials and

tax saving, market-linked tax saving, Ulip, online ulips, SBI Life ulips, HDFC Life ulips, Bajaj Allianz ulips, ICICI Prudential ulips, What are the charges in an online ulip , Are Ulips most tax friendly News

Narvar: Ensuring the perfect delivery

Narvar, with its logistics partners, provides shipping, tracking, notification and return services to the retailer and the end-customer

Industry News

Toxic Air: Amazon, Flipkart ride on rising demand for air purifiers

Companies like Panasonic, Honeywell, Xiaomi, Philips, Dyson have banked upon the rising air pollution by developing products and driving down costs to appeal to the demands coming for a wider demographics.

Industry News

Internet Domain registrar GoDaddy bets big on SMEs

Internet domain registrar and web hosting company GoDaddy is trying to increase its market share and tap into a growing number of SMEs in India, trying to establish their presence online, through vigorous marketing campaigns.

godaddy, online industry, online sector News
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