Food-delivery company swiggy has converted itself into a public limited company, changing its name from swiggy Private Limited to swiggy Limited. This move is in preparation for a potential stock market listing later this year. swiggy is expected to file a draft red herring prospectus in the coming months, with a projected $1 billion public listing towards the end of the year. The company is working to improve its financials, including reducing cash burn, ahead of the IPO. swiggy has also made changes to its board, appointing a new independent director. You Can Read Full News By Clicking On Below Link.
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Indian IT firm Birlasoft has received two whistle-blower complaints in the past seven months alleging improper conduct by employees. The company’s CEO, Angan Guha, stated that an investigation is ongoing and no financial impropriety has been found so far. Birlasoft is also diversifying its revenue by appointing a new CEO for non-US markets and aims to generate at least 25% of its revenue from…
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Bengaluru-based startup Kogo AI is launching its Kogo OS platform this week. The platform-as-a-service will allow enterprises and small businesses to create AI agents for various purposes, such as customer service, booking, research, and office assistance. Kogo OS has already been tested in 14 proofs of concept across different industries and will be deployed in production by the end of this quarter…
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Nepal banned TikTok last year, but some people are finding ways to access it through virtual private networks (VPNs). Lawyer Sunil Rajan Singh is leading a legal challenge against the ban, arguing that it goes against freedom of speech. The government justified the ban by claiming that TikTok was spreading content that damaged social harmony. The case is set to be heard in the Supreme Court next week…
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Indian IT firms are experiencing rapid growth in new markets such as Europe, the Middle East, and Asia Pacific, while their established North American market is slowing down. This shift is significant because North America currently contributes 50-60% to the total revenue of IT services firms. The growth in new markets is attributed to increased investments in technology in regions like India, the…
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