For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
By simply being educated and acquiring a degree, you cannot earn money; you need to be skeducated. Skeducation is skill based education. Unfortunately they don't teach you this in the colleges. You got to do it yourself, advises management guru Virender Kapoor.
Chinese tech unicorn ByteDance co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the nine year-old technology firm which created popular global short-video app TikTok. Zhang, 38, who is one of China's wealthiest entrepreneurs, said he is ready to step down after nearly a decade of running the world's largest unicorn, becoming the latest among the country's technology founders to quit in their prime. Zhang will step down from his role as CEO of the Beijing-based ByteDance, giving up his day-to-day responsibilities to "be more impactful on longer-term initiatives," the Hong Kong-based South China Morning Post quoted the company announcement on Thursday.
'As a course mate who has followed closely this star on the Bombay Sappers firmament, my heart swells with pride to see his extraordinary brilliance and focus; his commitment and his dedication; his hard work; and his technical as well as tactical knowledge,' says Colonel K Thammayya Udupa (retd) of his batchmate General Manoj Pande who will take over as chief of the army staff on May 1.
IT services firm HCL Technologies on Thursday reported a 14.4 per cent increase in net profit at Rs 1,926 crore (Rs 19.26 billion) for the quarter ended March.
HR Guru Mayank Rautela offers practical advice.
To land a job in a competitive field, graduates must go beyond the obvious and prepare extensively, adbises Vijay Gupta, director-global human resources, Rahi Sytems, a global IT services and solutions company.
Persistent, L&T Technology and TechM named among leading service providers
Union Health Minister Harsh Vardhan on Thursday sought keen oversight and personal indulgence of health ministers, principal secretaries and additional chief secretaries of states and union territories to lead the second nationwide mock drill on the COVID-19 vaccination scheduled to be held on January 8.
Prime Minister Narendra Modi on Wednesday called for focus on 'repair and prepare' as the nation emerges out of a devastating pandemic. "Over the past year, we have witnessed a lot of disruption in different sectors. Much of it is still there. Yet, disruption does not have to mean despair," he said at VivaTech Summit. "Instead, we must keep the focus on the twin foundations of repair and prepare," he said referring to the need to augment healthcare infrastructure in the country as well as prop up the economy.
Through this collaboration, Foodpanda marks its entry into cloud kitchens and plans to launch its own brand of food products in different categories
Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
Most Indian engineers can code but are not confident in their ability to do so, notes Narayan Mahadevan.
Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 as the base year.
HR Guru Mayank Rautela offers practical advice.
'During the course of these two years, as new people have joined, we have no mental picture to associate with them and hence, have little connection with them.'
While the leadership change in Mindtree is yet to happen, there's a buzz that the co-founders of the IT firm may float another company.
In an address to the air warriors on the occasion of the 89th Air Force Day, the Chief of Air Staff also said that the IAF must demonstrate to the nation that external forces will not be allowed to violate its territory.
The award will be presented to Nilekani by Yale University president Richard C Levin at the Yale CEO Leadership Summit of The Chief Executive Leadership Institute.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Easy availability of drones has increased the complexity of security challenges and the Indian military is developing capabilities to effectively deal with the threats, be it from State-sponsored elements or by states themselves, Army Chief Gen M M Naravane said on Thursday.
The White House and the Indian-American community are solidly backing the nomination of Neera Tanden as the director of Office of Management and Budget, describing her as the most appropriate candidate to hold the position.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
India's Internet economy has two choices: An immediate $30 billion Sale-and-Leaseback or a $3 trillion value harvesting over decades, observes Vibhu Arya.
While Wipro will announce its fourth quarter (Q4) results along with annual financial statements on April 15, market leader TCS will hold its board meet the next day (April 16) for approval of its financial statements. Infosys is yet to inform investors the date it will announce its Q4 earnings.
Experts at coding, Web development, and digital marketing, will be on every organisation's hiring list, points out Narayan Mahadevan.
Sangita Singh, senior VP and head of Wipro's global IT business strategic unit shares key moments from her 21-year-old career journey and offers lessons in leadership for young professionals.
The company ended a longer-than-expected search for a new leader after Steve Ballmer announced his intention to retire in August.
Why settle for $400-500 million when you can make a billion or even more? That, in a nutshell, is why Krishna Kumar, 43, and Kashyap Dalal, 40, co-founders of Bengaluru-based edtech firm Simplilearn, one of the big players in the segment, sold a 51 per cent stake to Blackstone instead of selling 100 per cent as close competitor and rival Great Learning chose to do.
However, no investment details were divulged by the USD 37 billion firm.
'What has gained prominence are 'human' skills like creativity, originality and initiative, critical thinking, persuasion, and negotiation, as well as attention to detail, resilience, flexibility and complex problem-solving.'
Ambrish Sinha, CEO, MeritTrac Services, identifies 6 future-ready skills that a post-COVID-19 workplace will require.
'With nearly double the market share of our nearest competitor, we are shaping the digital transformation journey of close to 1,000 clients in India.'
Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The US president had in past expressed dismay with the $2.3 trillion package that Congress passed Monday, which includes $900 billion in coronavirus relief and $1.4 trillion to fund the government until October, conflating the two bills and saying the spending goals were misguided.
Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail, agriculture and banking and insurance, the Nasscom report said.
'What steps have the higher level of political leadership taken to remove corruption from the system and bring in honest governance?'
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