LTIMINDTREE REBRAND
Zetwerk IPO fully subscribed; Super.money triples revenues
Zetwerk’s Rs 5,012-crore IPO was subscribed 3.06 times on Monday, the last day for bids. This and more in today’s ETtech Top 5.
LTIMindtree rebrands as LTM Limited
IT services firm LTIMindtree on Wednesday said that it has rebranded itself as 'LTM Limited', marking a significant shift in its corporate identity years after the high-profile merger of L&T Infotech and Mindtree.
Mindtree founder Subroto Bagchi shares amazing story of achievement of a once-jobless person who now employs 70 people with sales of Rs 8 crore
Subroto Bagchi shared the inspiring story of Soumendra Das, who, after facing job scarcity, pursued skills at ITI Puri. Das established a successful transportation startup, Tarini Motors, now generating multi-crore revenue annually. Bagchi, co-founder of Mindtree, highlights Das's journey from ITI to entrepreneurship, showcasing his company's growth to 70 employees and ₹8 crore in sales.
Zomato layoffs; OpenAI’s $300 billion valuation
Food delivery major Zomato has asked 500 of its junior-level employees to leave. This and more in today’s ETtech Top 5.
Tata’s big Pegatron deal; Everstone acquires Wingify
Tata acquires a controlling stake in Pegatron Technology India. This and more in today’s ETtech Top 5.
Winners of ET Startup Awards 2024; and other top stories this week
We at ETtech were neck-deep preparing for the past few months to bring to you the tenth edition of The Economic Times Startup Awards (ETSA). We reached out to more than 150 of the country’s top entrepreneurs, investors and other stakeholders to compile a list of the best entrepreneurial talent. Then we distilled it to arrive at the final nominees.
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Byju’s, lenders agree to close $1.2 bn loan terms by Aug 3; Swiggy’s $50 million Esop buyback
Byju’s and its lenders have reached an agreement to lock in the new terms for the $1.2 billion term loan B by August 3, according to a statement from the steering committee of the lenders group – confirming ETtech’s newsbreak from earlier on Monday.
Sequoia India & SEA split from US, renamed Peak XV; Byju’s misses $40m loan payment, sues lender
Happy Hump Day! Silicon Valley’s blue-chip fund Sequoia Capital has parted ways with its India and China partnerships. This and more in today’s super packed edition of ETtech Morning Dispatch.
India withdraws UN proposals on fighting cybercrime; Zomato shuts 10-min food delivery
The policy document was withdrawn after it failed to find adequate support from other member nations of the UN Ad-Hoc committee, sources said. The grouping has been tasked with creating a comprehensive international convention to counter the use of information and communications technologies for criminal purposes.
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