TCS GIG PLATFORM
Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards win
Happy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
Gig worker shortage continues; IT weathers war jitters
Happy Monday! Quick commerce, ecommerce and home service platforms are facing gig worker shortages. This and more in today’s ETtech Morning Dispatch.
Inside India’s ten-minute reckoning; TCS & HCTtech CEOs on Q3 and beyond
Happy Wednesday! India’s fast-growing quick commerce industry was forced to slam the brakes on its “10-minute” delivery claim. This and more in today’s ETtech Morning Dispatch.
End of Q-Comm's 10-min era; Google meets Siri
Blinkit drops “10-minute delivery” claim after labour ministry intervention. This and more in today's ETtech Top 5.
Reliance eyes Flipkart veteran; Small towns seek wealth
Flipkart's former chief product and technology officer is set to join Reliance Retail Ventures as CEO. This and more in today’s
New energy unlocked, Godrej Industries Group is ready for faster & bigger play, says Pirojsha Godrej
Pirojsha Godrej revealed strategic plans for Godrej Industries Group (GIG) post the recent division of family assets. The amicable split has enabled faster decision-making and capital allocation. GIG aims to scale its businesses in FMCG, real estate, and financial services, with a Rs 5,000 crore investment into Godrej Capital and a future IPO. The division focused on fair valuations and maintaining robust family relationships, enabling continued collaboration on projects. The Godrej brand will be used selectively by both sides to preserve its integrity.
HCLTech Q1 result; Nasscom on Karnataka gig workers’ bill
India’s third IT major HCLTech’s Q1 profit is up 20% to Rs 4,257 crore. This and more on today’s ETtech Top 5.
All that SaaS; AI woes
Happy Friday! Goldman Sachs is likely to increase its stake in SaaS startup MoEngage. This and more in today’s ETtech Morning Dispatch.
Women lap up freelance gigs as work-from-home ends
The number of women professionals seeking freelance work has surged amidst a dearth of remote work opportunities for women, leading to many dropping out of full-time roles. Flexing It notes a 15% increase in the number of women consultants seeking freelance work in Q2 2021 versus the previous quarter, with 60% of them looking for full-time work. Many have opted for freelance roles for location flexibility.
Stock investment firms eye tax relief on foreign equity purchase; Indian-American Neal Mohan is new YouTube CEO
New-age stock investing platforms are planning to write to the government seeking exemption for foreign equity investment use cases from the new TCS regime wherein the tax collected at source (TCS) will go up sharply to 20% from 5% as suggested in the Budget 2023-24 proposals. We have this and more in today’s edition of the ETtech Morning Dispatch.
More IT companies may follow Infosys on moonlighting
While some experts call move sensible and empowering, others say it may lead to managerial disruptions
Amid moonlighting woes, TCS to develop gig-based platform for employees
The move comes at a time when the $227-billion IT industry is grappling with the issue of moonlighting, or the taking up additional assignments by employees usually during non-work hours.
Moonlighting could topple IT industry, says TCS COO; firm plans internal 'gig' platform
Top executives of India’s IT services companies have been outspoken in their criticism of moonlighting – taking up dual employment – and both Wipro and Infosys have recently sacked employees found to be working second jobs. Now, N Ganpathy Subramaniam, chief operating officer of TCS, tells us the practice is not only unethical but presents an existential crisis to the $227-billion IT industry.
Infosys not in favour of moonlighting, says CEO Salil Parekh
In the last few months, most IT services companies have taken a tough stance on the practice of employees moonlighting, with cross-town rival Wipro letting go off 300 employees for working for competition.
Gig workers left in the lurch; Cred plans social commerce foray
India’s gig workers have been on the frontlines during the pandemic, delivering food and other essentials even during lockdowns and curfews.
How Covid-19 could change India’s job market and cities
“Low-wage occupations may decline by 2030 for the first time... and the STEM professions continue to expand,” McKinsey report said. As for India though, “its stage of demographic and economic development” would likely result in a smaller impact on jobs due to Covid-19 than in other major economies.
TCS pilots gig-type working models in pandemic's wake
India's largest IT-services company is currently running pilots on its internal projects to test out some of these models. These pilots are expected to run for three to six months.
GigIndia raises Rs 7.3 crore Pre-Series A round from Incubate Fund India, others
GigIndia plans to use the newly raised funds in enhancing their technology platforms , expand its brand presence and build a world class team. As a B2B brand GigIndia is bullish on the quality and speed of service to its customers.
Gig coders to become a mainstream phenomenon in Indian IT
As remote delivery of services becomes increasingly accepted by clients, India's IT services firms could mainstream gig workers in the post-pandemic world as work-from-home makes employing such talent feasible on a large scale.
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