India’s retail industry is undergoing a digital makeover—and at the heart of this transformation are Retail Tech startups. These innovative companies are blending technology with traditional retail to make shopping smarter, faster, and more personalized. From streamlining supply chains to enhancing customer engagement, here are 10 Indian startups that are reshaping the future of retail. 1. Fynd Based in Mumbai, Fynd is an omnichannel platform that helps retailers manage inventory across online and offline stores. With real-time stock updates and seamless logistics, it ensures customers always find what they’re looking…
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Infosys Announces 90% Performance Bonus for Q2 FY25 Amid Strong Growth
Infosys has announced an average performance bonus of 90% for Q2 FY25 for eligible employees up to mid-level roles (E6 and below). This payout, higher than the 80% bonus for Q1, will be credited with November salaries. The decision follows a strong Q2 performance, with a 4.7% year-on-year profit growth, driven by demand recovery and client relationships. The bonus underscores Infosys’ strategy to retain talent and recognize employee contributions during a competitive phase in the IT sector Infosys Announces 90% Performance Bonus for Q2 FY25 Amid Strong Growth Infosys, one…
Read MoreElon Musk Extends Congratulations to PM Narendra Modi Ahead of Swearing-In
Summary: Renowned entrepreneur Elon Musk congratulated Prime Minister-elect Narendra Modi for the NDA’s victory in the Lok Sabha elections, expressing anticipation for his companies’ endeavors in India. Musk’s tweet came three days after the election results, praising Modi’s win in the world’s largest democratic elections. While BJP fell short of a majority, the NDA alliance is set to form the government. Musk’s message hints at Tesla’s potential investment in India’s electric vehicle market. Despite canceling a planned visit to India due to Tesla commitments, Musk expressed eagerness to visit later…
Read MoreInfosys CEO Salil Parekh Among Highest Paid Indian IT Executives with $7.9 Million Salary
Summary: Salil Parekh, CEO of Infosys, received a 17.3% pay increase, bringing his total compensation to ₹662.4 million ($7.9 million) in fiscal year 2024, making him one of the highest-paid IT chiefs in India. His salary included ₹74.7 million in fixed pay, ₹197.5 million in bonuses, and ₹390.3 million from stock options exercised. Despite this, Infosys experienced its slowest annual revenue growth rate. For fiscal 2025, the company forecasts revenue growth of 1% to 3%, below analysts’ expectations. Comparatively, TCS CEO K Krithivasan earned ₹253.6 million, while Wipro’s new CEO…
Read MoreNisaba Godrej Resigns from VIP Industries Board Citing Leadership Differences
Summary: Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned from the board of VIP Industries due to disagreements over leadership accountability and succession planning. Her resignation, effective June 3, 2024, was announced via a stock exchange filing. Despite attending all board meetings in the fiscal year 2023, she chose to waive her sitting fees. In her resignation letter, she praised VIP Industries as a leader in the luggage market and wished them success. VIP Industries, chaired by Dilip Piramal, reported a revenue increase of 7.82 percent for the financial…
Read MoreShares of Adani Group Surge as Market Reaches All-Time High
Summary: Shares of Adani Group companies surged, driving the Sensex and Nifty to record closing highs. The Sensex rose by 1,618 points to 76,693, and the Nifty increased by 468 points to 23,290. This market rally was bolstered by the Reserve Bank of India (RBI) revising the GDP growth projection for 2024-25 upwards to 7.2 percent from the earlier 7 percent. Adani Group’s NDTV shares climbed 4 percent, and other significant gainers included Mahindra and Mahindra, and Wipro, both up over 5 percent. The RBI kept key interest rates unchanged,…
Read MoreByju’s, Once Valued at $22 Billion, Now Worth “Zero”
Summary: Byju’s, once valued at $22 billion, is now considered worthless according to a recent HSBC research note. HSBC assigned zero value to Prosus’ nearly 10 percent stake in the company due to multiple legal issues and financial struggles. Byju’s is facing significant financial challenges, including difficulties in paying employee salaries. Last year, Byju’s planned to go public at a potential valuation of $40 billion, but its value has since plummeted. In January, BlackRock reduced its valuation of Byju’s from $22 billion to $1 billion. Recently, lenders petitioned in a…
Read MoreSpotify Announces Global Workforce Reduction and Upcoming CFO Transition
Spotify Announces Global Workforce Reduction and Upcoming CFO Transition In a significant move, Spotify is planning to cut approximately 1,500 jobs, representing 17% of its global workforce, in its third round of layoffs this year. The decision comes as the streaming giant undergoes a strategic reevaluation to ensure operational efficiency and sustained growth. CEO Daniel Ek communicated the rationale behind the layoffs in a memo, attributing the workforce reduction to the perceived lack of substantial contributions from specific employees. This move is part of Spotify’s ongoing efforts to optimize its…
Read MoreAMDs largest design centre in India proves global firms confidence in us IT Minister
AMD’s largest design centre in India proves global firms’ confidence in us IT Minister IT Minister regarding AMD’s largest design center in India. However, I can provide general context based on the information available up to that point. If the statement is accurate, it suggests that Advanced Micro Devices (AMD), a global semiconductor company, has established its largest design center in India. This move can be interpreted as a sign of confidence in India’s capabilities in the field of technology and semiconductor design. Establishing a significant design center in a…
Read MoreGoogle Drive Users Experience Missing Files Company Initiates Investigation
Google Drive Users Experience Missing Files Company Initiates Investigation In a recent development, Google Drive users have reported incidents of missing files, prompting concerns and frustration among the user base. The cloud storage service, widely used for document management and collaboration, is currently under investigation by Google as users seek answers regarding the disappearance of their files. Reports from affected users suggest that files and documents have gone missing without any apparent cause or warning. The issue seems to be affecting a subset of Google Drive users, leading to speculation…
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