DIRS.INFO The most relevant business & tech news

REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBENGALURU, Nov 7 (Reuters) - Wipro (WIPR.NS), India's fourth-largest IT services provider, is mandating that all its employees globally work from office at least thrice a week from this month, according to a company-wide email seen by Reuters on Tuesday. 2 software services exporter, asked some employees to return to office 10 days a month, while industry leader TCS (TCS.NS) has asked employees to return to the office for five days a week. Wipro has been encouraging employees to work from office thrice a week since May and about 55% of the workforce are currently working from office at that frequency, a company spokesperson said. Wipro had 244,707 employees as of Sept. 30. Starting Jan. 7 next year, consistent defaulters may face consequences, according to the email dated Nov. 6.

Persons: Dado, Sai Ishwarbharath, Varun, Savio D'Souza Organizations: Wipro, REUTERS, Rights, Reuters, Companies, Infosys, TCS, Varun Vyas, Thomson Locations: Bengaluru

Demonstrators hold placards next to a banner as they attend a protest against the sharing of Cauvery river water with neighbouring Tamil Nadu state, in Bengaluru, India, September 26, 2023. Schools and colleges were shut in the capital of the southern state of Karnataka, home to more than 3,500 tech companies. "I can shed my blood but I don't want to give water to Tamil Nadu," said one protester, Ravi Mallikarjuna. The delay provoked small demonstrations near a railway station in Tamil Nadu. The Cauvery river originates in the Karnataka region of Talakaveri, flowing through Tamil Nadu into the Bay of Bengal.

Persons: Dhanya, Santosh Babu, Ravi Mallikarjuna, Shivakumar, Ramachandra, Rupam Jain, Miral Fahmy, Clarence Fernandez Organizations: REUTERS, Inc, Walmart, Police, Farmers, Google, Schools, Supreme, Tamil, Ecological Sciences, Indian Institute of Science, Thomson Locations: Tamil Nadu, Bengaluru, India, BENGALURU, India's, Karnataka, Farmers, Bengal

Akasa told the court it cancelled 600 flights in August and would be forced to cancel up to 700 more in September if the resignations continue, the person added. Akasa has dragged the pilots, many of whom have joined rival Air India Express, to court and initiated legal proceedings against the aviation regulator to enforce the notice period. The notice period ranges between 6-12 months, depending on the pilot's rank, according to the aviation regulator. "All our actions are aimed at creating a durable and reliable airline for the long run," Akasa said in a statement. "Akasa is a well-run airline with strong finances and a solid plan," he said.

Persons: Vinay Dube, Akasa, Dube, Aditya Ghosh, Aditi Shah, Varun Vyas, Aditya Kalra, Louise Heavens, Christian Schmollinger, Kim Coghill, Bernadette Baum Organizations: Akasa, Air India Express, IndiGo, country's, Tata, Air India, Go Air, Boeing, Thomson Locations: DELHI, Delhi

REUTERS/VarunVyas Hebbalalu/File Photo Acquire Licensing RightsMUMBAI, Sept 20 (Reuters) - India's Ola Electric plans to file regulatory papers for its up to $700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said. Backed by investors including Singapore's Temasek and Japan's SoftBank (9984.T), Ola Electric was valued at $5.4 billion in a recent fund raising. Ola Electric and Kotak did not respond to a request for comment while the other three banks declined to comment. Ola Electric is targeting IPO roadshows for early January or February, said one of the sources. Ola Electric, though, still makes losses.

Persons: Ola, VarunVyas, Japan's SoftBank, Ola Electric, Goldman Sachs, Bhavish Aggarwal, Tesla, Sriram, Aditi Shah, Aditya Kalra Organizations: REUTERS, Rights, Singapore's Temasek, Japan's, Ola, ICICI, Bank of America, West, Reuters, Thomson Locations: Pochampalli, Tamil Nadu, India, Rights MUMBAI

Ola Electric's S1 Air e-scooters are pictured inside its manufacturing facility in Pochampalli in the southern state of Tamil Nadu, India, August 15, 2023. REUTERS/VarunVyas Hebbalalu/File Photo Acquire Licensing RightsNEW DELHI, Sept 7 (Reuters) - Singapore's investment firm Temasek led a $140 million funding round in India's Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. Ola did not respond to a Reuters request for comment, while Temasek, which is an existing investor in Ola Electric, declined to comment. Ola Electric, founded by Bhavish Aggarwal and backed by Japan's SoftBank Group (9984.T), has become India's e-scooter market leader with a 32% share, competing with Ather Energy as well as companies such as TVS Motor (TVSM.NS) and Hero Electric. Valued at $5 billion last year, Ola sold around 95,000 e-scooters during April-August 2023, industry data showed.

Persons: Ola, VarunVyas, Ola Electric, Bhavish Aggarwal, Japan's, Aditya Kalra, Aditi Shah, Yantoultra Ngui, Dhwani Pandya, Rashmi Organizations: REUTERS, Temasek, Japan's SoftBank, Ather Energy, TVS, Reuters, Thomson Locations: Pochampalli, Tamil Nadu, India, DELHI, India's, Temasek, Ola

A man checks his mobile phone as he waits while recharging his Ola electric scooter at an electric vehicle charging station in New Delhi, India, February 12, 2022. REUTERS/Aditi Shah/File PhotoPOCHAMPALLI, TAMIL NADU, Aug 15 (Reuters) - Ola Electric, India's largest maker of electric scooters, launched its most affordable rides on Tuesday, in an effort to woo more buyers as the price of e-scooters moves closer to gasoline models. The cheapest gasoline scooter in India costs about 64,000 rupees. The Softbank Group-backed (9984.T) company on Tuesday said it has opened 100 more service centres across the country, taking their total tally to 500. ($1 = 83.3916 Indian rupees)Reporting by Varun Vyas in Pochampalli, Riddhima Talwani in New Delhi and Biplob Kumar Das in Bengaluru, editing by Aditi Shah and Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Aditi Shah, Ola, Varun Vyas, Riddhima, Biplob Kumar Das, Sonia Cheema Organizations: REUTERS, Softbank, Thomson Locations: New Delhi, India, Pochampalli, Bengaluru

NEW DELHI/BENGALURU, June 2 (Reuters) - The India and South Asia head of Amazon.com Inc's (AMZN.O) cloud division, Puneet Chandok, has resigned with effect from August 31, the company said on Friday. Chandok had taken the helm of Amazon Web Services in June 2019. Vaishali Kasture, currently head of enterprise for mid-market and global businesses at AWS India and South Asia, would take on the role of interim leader of commercial business for the unit, Amazon India said. The news came over two weeks after Amazon's cloud computing unit revealed plans to invest 1.06 trillion rupees ($12.87 billion) in India by 2030, doubling down on its past investments to cater to the growing demand for such services in Asia's No. The interim provides an opportunity for other cloud companies such as Azure and Google Cloud Platform, along with homegrown players, to make aggressive bids for accounts, said Akshara Bassi, an analyst at Counterpoint Research.

Persons: Inc's, Puneet Chandok, Chandok, Vaishali Kasture, Akshara Bassi, Munsif Vengattil, Aditya Kalra, Varun, Savio D'Souza, Dhanya Ann Thoppil, Sohini Organizations: NEW, Amazon Web Services, India, Amazon, Counterpoint Research, Varun Vyas, Thomson Locations: NEW DELHI, BENGALURU, India, South Asia, Amazon India, Asia's, New Delhi, Bengaluru

☆ India's PhonePe launches e-commerce app on government's open network
▼ + stars: | 2023-04-04 | by ( Varunvyas Hebbalalu | ) www.reuters.com time to read: +1 min

REUTERS/Saumya KhandelwalBENGALURU, April 4 (Reuters) - Walmart Inc-backed (WMT.N) digital payments firm PhonePe Pvt Ltd launched an app called Pincode on the Indian government's open network on Tuesday to strengthen its e-commerce business. The Open Network for Digital Commerce (ONDC) was launched last year to enable small merchants and local stores across India to access processes and technologies typically deployed by large e-commerce platforms like Amazon (AMZN.O) and Walmart (WMT.N). Pincode, which will focus on hyperlocal commerce, is currently live only in Bengaluru and available on the Google Play Store and the App Store, PhonePe said in a statement. PhonePe already has an e-commerce platform, called Switch, on its app, which offers services including food delivery, grocery shopping, travel, hotel booking, retail fashion and healthcare. India's most valuable payments firm, PhonePe had raised $200 million from majority-backer Walmart in a pre-money $12 billion valuation in March.

Search resuls for: "VarunVyas"

8 mentions found