Telangana and Andhra Pradesh are slowly cementing their place as the locations of choice for IT firms setting up offices in India. After Google, Amazon and Uber had announced plans of setting up major offices in Hyderabad, Microsoft promised to set up a Centre of Excellence in Visakhapatnam. The company will also work with Telangana government’s startup incubator T-Hub.
For young startups, negotiating the bewildering maze of foreign exchange regulations is often daunting. With Indian startups becoming increasingly global and doing business with entities based abroad, startups often need a ready reckoner on how to deal with monetary transactions that span across borders. In order to assist startups with such transactions, the Reserve Bank of India has announced a dedicated helpline to answer queries.
Ola has launched its auto hailing service in Chandigarh. It is the 7th city in the country to have the service, after Bangalore, Chennai, Delhi, Ahmedabad, Hyderabad and Pune were added in October 2014. The company intends to add two more cities by the end of the year.
The horrific floods in Chennai that disrupted normal life and left over 300 people dead have also left their mark on the city’s IT industry. Owing to offices being flooded and hence closed down, IT companies with a presence in Chennai will see reduced revenues this quarter.
Three senior partners at Helion Venture Partners, one of India’s oldest Venture Capital firms, have quit. Rahul Chowdhri, Ritesh Banglani and Alok Goyal will…
Being present in 35 Indian cities and with millions of people using its platform, Practo now has a wealth of data pertaining to healthcare in India. The company analyzed 75 million searches and 40 million physician appointments to come up with a picture of what Indian healthcare looks like.
India’s beleaguered on-demand bus services sector got a much needed shot in the arm today after Delhi-based Shuttl raised Rs. 135 crore in…
South Korean electronics giant Samsung has had a presence in India for two decades now. Having entered the country in December 2015, it now occupies thousands of feet of office space, employs thousands of people across diverse fields such as R&D and sales, and has a large imprint on India’s technical industry. It’s a good paymaster as well – a full 116 Samsung India employees drew salaries of over Rs. 1 crore per year. But there was a problem. 70% of these people were of Korean origin.