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Nasscom appoints Rekha Menon as Chairperson for 2021-22

The industry body has also appointed Krishnan Ramanujam as its Vice-Chairperson.
The new council will play a strategic role in enabling India s tech sector.
New Delhi, Apr 22 (PTI) IT industry body Nasscom on Thursday said it has appointed Accenture in India Senior Managing Director Rekha Menon as its Chairperson for 2021-22.
She is the first woman to take on the role of Chairperson for Nasscom in the association s 30-year history.
Menon will take the position from her previous role as Vice-Chairperson, succeeding UB Pravin Rao (Infosys Chief Operating Officer). Rao served as the Chairman of Nasscom for the year 2020-21, a statement said. ....

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The start, not the end, of Unicorn seeding

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VCs say 10 unicorns in 4 months may seem too small by the end of this year

VCs say 10 unicorns in 4 months may seem too small by the end of this year
VCs say 10 unicorns in 4 months may seem too small by the end of this year
Sanchita DashApr 16, 2021, 12:09 IST
Charting India s 10 unicorns in four monthsBusiness Insider India
India saw 10 unicorns emerge in the first four months of 2021 as compared to 11 unicorns from the whole of 2020.
Venture capitalists and money managers in India say that this number might seem pretty small by the end of the year.
India may soon see more than 100 technology startups as unicorns, much before the 2025 target. India saw 10 unicorns emerge in the first four months of 2021 as compared to 11 unicorns from the whole of 2020. But the venture capitalists and money managers in India say that this number might seem pretty small by the end of the year. ....

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Quest to Be the World's Factory- Business News

Quest to Be the World s Factory
With total incentives committed going as high as Rs 1.99 lakh crore over five years, PLIs now rival some of the biggest Government of India outlays such as Rs 3.05 lakh crore for reforms-based result-linked power distribution sector scheme and the Rs 1.4
Rajeev Dubey, Editor, Business Today
The Production Linked Incentive (PLI) Scheme - India s valiant answer to domestic and foreign manufacturers eternal gripe that producing in India was hopelessly unviable because of high taxes, high cost of logistics, finance, land, power and an endless list thereafter - was introduced for mobile manufacturers in 2020.
The Government of India s commitment to provide cash incentives up to 4-6 per cent of revenue from incremental local manufacturing aimed at import substitution got such an excitable response from companies that the Centre made mobile PLI the template to launch it in 12 other sectors. With total incentives committed going as high as ....

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Resilience at It's Best- Business News

Resilience at It s Best
Over the last year, Indian IT companies have struck some of their biggest deals ever, and have stayed resilient amid testing circumstances
Illustration by Raj Verma
It was probably the most traumatic year for the company, because we had grown in size, Kris Gopalakrishnan, Chairman, Itihaasa Research and Digital and Co-founder, Infosys, spoke about the global financial crisis that broke out soon after he took over as Infosys CEO in 2007, in a video posted on Itihaasa. Everything was going fine and that year we grew by about 35 per cent. Then, suddenly the world around us collapsed. In the following two fiscals, Infosys grew at 11 per cent (FY09) and 3 per cent (FY10). After three years of slow growth, the company recovered in FY11 with 26 per cent annual revenue growth. ....

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