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TVS Electronics ventures into EMS segment for defence and railways with SMT line in Karnataka. It collaborates with global partners, integrating robotics and automation for advanced traceability and quality control.
Cognizants performance reflects the overall IT sectors sentiment with domestic majors as Tata Consultancy Services, Infosys, and Wipro also reported low single-digit revenue growth. All companies have the majority of their clients based in the US and Europe.
Freshworks president Dennis Woodside appointed as new CEO. Mathrubootham to be redesignated as executive chairman. Recently his performance-based stock incentives were cancelled recently citing macroeconomic concerns. The Freshworks stock fell nearly 25% as the news sparked a massive selloff. Freshworks was founded in Chennai in 2010, primarily targeting small and medium businesses with its CRM software.
RBI's ban on DLG for P2P platforms reshapes industry operations, impacting prominent startups. Regulator's actions aim to bolster governance but may raise customer acquisition costs and deter investors due to increased risks.
Birlasoft faces whistle-blower complaints alleging financial impropriety, with ongoing investigations. CEO Guha aims to diversify revenue sources, track clients' performance, and mitigate risks due to market uncertainties.