Swathi Moorthy
moneycontrol
Bengaluru, KA, India
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Past articles by Swathi:
ShareChat to buy short-video platform MX TakaTak for $600 million
The move is expected to strengthen ShareChat’s short video play through the platform, Moj. → Read More
AI Firm Fractal Becomes Second Unicorn In 2022 With $360 Million Investment From TPG
With the latest investment, the company’s valuation has exceeded $1 billion giving it the unicorn status, according to industry sources. Mamaearth, valued at $1.2 billion, was the first unicorn in 2022. → Read More
Explained | All You Need To Know About Web3 And What Is Happening In India
Web3 is all about blockchain and decentralisation, with likely implications for privacy, and plagiarism. → Read More
Will Gurugram's Loss Become Noida's Gain As Haryana Implements New Labour Law
The new labour law that comes into effect from January 15, 2022, mandates 75 percent reservation for local people in private sector jobs where the salary is less than Rs 30,000 a month. → Read More
New IT Rules: MeitY Releases FAQs Section On New Guidelines
The document laid down the protocols that intermediaries need to follow including taking down content, breaking end-to-end encryption, and other processes. → Read More
Can Wipro Overtake HCL Tech To Become India’s Third Biggest IT Firm Again?
Two years ago, HCL Technologies overtook Wipro to become India’s third largest information technology (IT) services company. Under new CEO Thierry Delaporte, can Wipro regain its place in India’s IT pantheon? → Read More
TechHalli Rivals Silicon Valley: Indian Engineers Earning As Much As Peers In US
Many startup founders say it is more expensive to hire tech talent in cities like Bengaluru, than in the US. Why not hire from the US? Not enough talent. As a Rs 1 crore package becomes the new normal at many levels in the IT sector, even youngsters are turning down packages of Rs 40-45 lakh. They know they won’t remain unemployed for long. → Read More
MapMyIndia, The IPO That Flew Under The Radar
In the rush of IPOs by internet companies, profit-making MapMyIndia has kept a low profile. With its plans to go public and Aatmanirbhar Bharat gaining momentum, the company has enough ammunition to not only scale up the business but also gain lost ground in the consumer space. → Read More
Twitter India Head Manish Maheshwari To Move To The US
He will move as the Senior Director, Revenue Strategy and Operations, new markets. → Read More
Shiv Nadar Steps Down As HCL Tech Managing Director, Becomes Chairman Emeritus
Shiv Nadar is one of the pioneers of the computing and IT industry in India. → Read More
US Student Visa: Delays, Glitches But American Dream On Course
While the appointment slots for the student visa to the US from India were opened on June 14, there is now a deluge to get the F-1 visa on time for the Fall 2021 academic session. Happily for the students, new slots are being added from July onwards. → Read More
What Does 5G Rollout Implementation Partnership With Airtel Mean For TCS?
Telco giant Airtel and Tata Group’s IT arm TCS entered into a partnership for implementation of 5G solutions. The move is expected to help the latter strengthen its capability and scale and the former reduce the cost of the deployment, according to analysts. → Read More
Growth Is The Biggest Lever To Protect Margins: Wipro CFO Jatin Dalal
In a wide-ranging interview with Moneycontrol, the Wipro CFO spoke about the company’s growth trajectory, its renewed thrust on consulting, plans to combat margin pressure, and the recruitment outlook. → Read More
Why Germany Is Saying Willkommen To Indian IT Companies
While the European country is the fourth-largest economy, its leading enterprises have not outsourced heavily. With the onset of COVID-19, when German companies had to cut costs, they turned to Indian IT firms for help. For Indian firms, Germany has an outsourcing potential of about $40-50 billion. → Read More
Biden In The White House: Good News Or Bad For Indian Techies?
Commenting on the H-1B wage-based selection, V Ramakrishnan, CFO, TCS, recently said, “We don’t know even if these changes will survive. Some of the changes that happened, they were successfully legally challenged.” → Read More
As Demand Picks Up, Top 4 Indian IT Services Firms Double Hiring In Q3
The spurt is being driven by clients cutting costs, migrating to the cloud, going in for a digital transformation and the IT services companies hiring more in anticipation of an increase in attrition → Read More
Wipro Hired 14,000 People In Q3, Robust Hiring Plan In Place For Coming Months
Wipro's Chief Human Resources Officer Saurabh Govil said the company is making big investments in Europe, US and Asia Pacific and on new technology areas, adding that supply-side constraints would not hold back the growth momentum. → Read More
Relief for Indian techies, IT firms as US court ruling blocks H-1B rule changes
If implemented, the rule changes and wage hikes would have made it tougher for US companies to hire H1-B visa holders. Every year, the US issues 85,000 H-1B visas. Indian IT industry accounts for about a significant share. → Read More
Indians looking to study in the US can cheer as optional practical training stays
US court denies demand to declare the OPT programme, which allows students to work in the US, as unlawful. There are close to 2 lakh India students in the US, according to a survey by Open Doors. → Read More
Proposed changes in H-1B visa wages: What does it mean for IT services firms' salary cost?
If a Department of Labour proposal comes into force, IT firms will have to pay more for H-1B visa holders. Wages of H-1B1 and E-3 visa holders may also rise. Average H-1B wages have increased sharply over the last two years -- from $78,120 in FY17 to $90,730 in FY19. → Read More