Hospitality and travel-tech firm OYO is looking to launch its initial public offer after September and has written to stock market regulator Sebi, seeking to file updated and restated consolidated financial information. The company, which had filed preliminary papers with Sebi to raise Rs 8,430 crore through an initial share sale in October last year, is now prepared to settle for a lower valuation of around $7-8 billion against the $11 billion it was targeting initially, according to people in the know of the development. OYO's move to launch the IPO after the September quarter is mainly driven by the expectation of improvement in its financial performance and the current volatile nature of the market, they said.
'It has taken us 15 years to get to where we are. It obviously doesn't happen overnight.'
The Micosoft CEO is scheduled to have a breakfast meeting with Andhra Pradesh Chief Minister.
According to sources, Nadella will be visiting New Delhi on September 30 to take part in two events to be organised by Nasscom.
Microsoft top boss Satya Nadella feels the increase in productivity has come at the price of burning the 'social capital' built up by companies over very many years, observes ad guru Sandeep Goyal.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
AI implementation enabler Staqu will deploy its proprietary video analytics system JARVIS to count votes directly from the camera by monitoring the electronic voting machines screens at the counting centre.
In a filing with the US Securities and Exchange Commission on Monday, Microsoft said Nadella will get a total compensation of $84.30 million for the fiscal year ended June 2014, significantly up from the $7.66 million he received in 2013.
Digital extortion, in which hackers lock out all your data and seek ransom, is a real threat today, says Veenu Sandhu.
As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.
When Parag Agrawal was appointed CEO of Twitter in November 2021, the IIT graduate joined a steadily growing club of executives from India rising to the top of global corporations, but the 38-year-old executive's brief tenure at the helm of the social media giant was challenging and chaotic.
'Who you know today will determine who you know tomorrow.' 'Becoming an expert in your domain will incentivise others to have you in their networks.' 'And the more diverse your network, the better it is.' An enlightening excerpt from Ambi Parmeswaran's All The World's A Stage: A Personal Branding Story.
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
In the dock over Lalit Modi row, Rajasthan Chief Minister Vasundhara Raje insisted that she has not been asked to resign and media was running "false" reports to tarnish her image and cause "political damage".
Microsoft Corporation on Tuesday announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately.
Companies today are taking a very fashionable way to reduce their workforce. Instead of the outright firing of employees, an alternative approach that some companies are using is the passive-aggressive method which is both deliberate and accidental, points out corporate lawyer Ishanee Sharma.
It's 2007 and Microsoft wants you to upgrade, literally. The beta version of Office 2007, which I used, seemed as if the Redmond-based giant has managed the unexpected -- a redesign of Office applications.
Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
During his earlier visit, the IT giant chief addressed Microsoft's employees at its India Development Centre.
The next version of Microsoft Corporation's Office software will feature simpler graphics and try to anticipate users' tasks to make the product easier to use, Microsoft chairman Bill Gates has said.
He will be in Mumbai for a day to deliver a keynote address at Future Unleashed.
Some believe that, as prime minister, Sunak will be particularly friendly to India and that he would return the Kohinoor and do similar gestures to his motherland. Such wishful thinking is not likely to materialise as he will act in the best interests of the UK and will not even appear to favour India, argues Ambassador T P Sreenivasan.
Microsoft's interactive self-service assets (client, people and technologies) are to be merged with 24/7 Customer, to be now known as 24/7 Inc.
Siva Prasad Nanduri, chief business officer, TeamLease Digital, outlines the skills that will help you get a job in 2023.
And it's not an IIT graduate who's bagged it, report Gireesh Babu & Vinay Umarji.
A cricket buff and poetry loving electrical engineer from Hyderabad Satya Nadella is the next occupant of the Microsoft corner office in Redmond from where Bill Gates built his software empire.
Postman, a leading application programming interface platform, has secured $225 million in a Series D round, placing its valuation at $5.6 billion. With this, Postman has emerged as the most-valued software-as-a-service (SaaS) firm started by Indian founders, overtaking web and mobile testing firm BrowserStack, which was valued at $4 billion in June. The valuation of the San Francisco-headquartered firm with offices in Bengaluru, where it was founded, has almost trebled in just about one year and risen multi-fold since 2019. Postman, with team members spread across four continents, had secured $150 million in a Series C investment round led by Insight Partners at a $2-billion valuation last summer.
In the US and elsewhere, Microsoft employees view their new CEO as 'a performer, a doer' who will change things for the better. Ritu Jha and P Rajendran report.
The Hyderabad-born Nadella says it's not the AI engine, but the teams that build it as well as the algorithms to make it intelligent have to be diverse and inclusive, so that the solutions they build do not show up any sort of 'unconscious bias' that they may have.
"There is no place for hate and racism in our society. Empathy and shared understanding are a start, but we must do more," Nadella said in a tweet on Monday. "I stand with the Black and African American community and we are committed to building on this work in our company and in our communities."
Taiwan-headquartered Wistron Corporation has said that it had suffered a loss worth Rs 437.40 crore in the violence in its facility unleashed by a section of workers over salary issues at its plant in Kolar district in Karnataka.
Here's how to know if you're on to something huge, or it is just a mirage. Read on...
Day 1 saw Microsoft make the highest number of offers while Intel emerged as one of the top recruiters on Day 2.
Why hasn't India produced a single earth-shaking idea like Python or the World Wide Web, asks Ajit Balakrishnan.
Bezos' total net worth hit $65.05 billion
Microsoft CEO holds all-hands-meet with India employees, reiterates thrust on 'mobile-first, cloud-first' strategy
New Microsoft study finds a majority of the millennial workforce are open to digital workspaces.
Qi Lu would join as president of online services group to lead its search and online advertising and all its online communications services, Microsoft Corp said. He would report to Microsoft chief executive officer Steve Ballmer, the statement added.
In webcast address to India, Microsoft CEO says Azure seeing 'incredible' momentum here, with technology adaption racing in unprecedented ways.
