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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Subscribe to enjoy similar stories. In a renewal, a company tries to find new growth opportunities with its existing products and business model, using rebranding and redesign to expand its market. In a revamp, a company reaches further, with new products and services, new markets, and new business models driving growth.

Freshworks and Zoho «mafia» that led to several employees of these companies branching out to start their own firms — some of which have become extremely successful. Chennai's success in SaaS is known but there's a silent movement happening across the smaller cities across the country that can be dubbed the early makings of a 'tier II mafia,' industry watchers said. SaaS startups like Responsive in Coimbatore, Supersourcing in Indore, Appointy in Bhopal, DreamCast in Jaipur, Dhiwise in Surat or CallHippo in Ahmedabad — these are all examples of companies that are slowly scaling and becoming the anchor companies in these regions. «There are SaaS startups that are maturing and reaching a certain scale and size in a number of emerging cities,» Avinash Raghava, CEO of the industry collective SaaSBoomi told ET. «This is happening across the board where there are anchor companies emerging that are having their employees leave to start their own SaaS firms. It is still in the nascent stage but we are seeing it happen increasingly now wherein I believe the next Freshworks or Zoho will not come from Chennai or Bangalore but will be from one of these emerging cities.”

Persistent Systems is seeing more interest in outcome-based (fixed price) deals than deals that are priced based on time and material, said its chief executive Sandeep Kalra. Kalra told ET that with the maturing of artificial intelligence (AI) firms like Persistent Systems are building more Intellectual Properties such as the SASVA platform, GenAI Hub and iAURA, and creating greater value for customers. More discussions on the outcome-based pricing model have led to an increase in deals on this model, he said. “For example, on the SASVA platform in the enterprise software space, we are now picking up deals which are outcome-based more and more,” he said. “Whether it is doing end-to-end sustaining engineering of a product, which is basically nothing but support of a product, we are picking it up and saying it is not a price into quantity. It is basically what is the outcome and service level. Here is where we are taking it on a fixed bid or an outcome kind of thing.”

Donald Trump escalated his personal attacks on his Democratic rival, Kamala Harris, on Sunday by repeating an insult that she was “mentally impaired” while also saying she should be “impeached and prosecuted." Trump's rally Sunday in Erie, Pennsylvania, took on similar themes as an event one day earlier that he described himself as a “dark speech.” He told a cheering crowd that Harris was responsible for an “invasion” at the U.S.-Mexico border and «she should be impeached and prosecuted for her actions.” “Crooked Joe Biden became mentally impaired,” he added. “Sad. But lying Kamala Harris, honestly, I believe she was born that way. There’s something wrong with Kamala. And I just don’t know what it is but there is definitely something missing. And you know what, everybody knows it.”

The CEO of activism organization Global Citizen says the sense of urgency that younger generations bring to solving international challenges needs to be nurtured in the rest of the world

Stellantis, an automotive colossus that owns more than a dozen brands including Chrysler, Fiat, Jeep, Peugeot and Ram, is facing challenges at seemingly every turn. The company's sales and profit have been plummeting. Dealers stuck with parking lots filled with unsold cars are publicly criticizing Stellantis and its CEO in unusually harsh terms. Stellantis' stock price has fallen almost 50% from its high point in March. And the union that represents its U.S. factory workers is threatening to go on strike at several plants. United Automobile Workers locals are expected to vote in the coming days to authorize strikes against several Stellantis factories, protesting what they say are broken promises by the automaker.

The CEO of a hospital operator that filed for bankruptcy protection in May will step down after failing to testify before a U.S. Senate panel

Subscribe to enjoy similar stories. Companies with stridently political CEOs are more likely to engage in corporate misconduct, according to new research.

Subscribe to enjoy similar stories. OpenAI’s plan to convert to a for-profit company is meant to simplify the world’s leading artificial-intelligence startup. Making that happen will be enormously complex.

If roughly 45,000 U.S. longshoremen make good on their threat to strike beginning Tuesday, they could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States

It now often takes 9-12 months to fill a vacant CEO or CXO position, especially when the search is for seasoned professionals in specialised areas such as renewables, semiconductors, chemicals, hightech manufacturing, automotive and electric vehicles, pharmaceuticals and hardcore product engineering, they said. Usually, a senior executive search used to be closed in 3-4 months in times when the demand-supply mismatch was not so acute as it has been in the last one year. There is an increasing trend among senior professionals to have exploratory chats. Some may also not accept the offer made at the very last minute. It is all a result of a leadership market where demand for talent — especially in some of the newer areas — far out surpasses supply,” said the head of HR at a large industrial company, who did not wish to be named. This is one of the reasons why companies are increasingly building a leadership pipeline nternally, the HR head said. The internal candidate in such cases is given preference over an external executive even if the former is only 60% ready to take charge. But in case of specialised roles, often there is no option but to look for professionals outside.

Tara Comonte, a former Shake Shack executive, was made interim chief executive.

Nikesh Arora, the Indian-American business executive at the helm of Palo Alto Networks, recently found himself the subject of attention on social media after a witty exchange on X (formerly Twitter). His light-hearted yet sharp response to criticism gained traction, catching the eye of notable figures like former England cricket star Kevin Pietersen, who publicly declared Arora as the «GOAT» (Greatest of All Time). Arora, who has been leading Palo Alto Networks since 2018, has played a pivotal role in the company's growth and success. Under his leadership, the cybersecurity giant has experienced a significant boost in its market performance, with its stock price surging fivefold. This impressive achievement positions Palo Alto Networks as a major player in the fields of Cloud, Application, and Network security. Arora’s tenure has been marked by a strategic balance between internal innovation and aggressive mergers and acquisitions, ensuring the company remains at the forefront of the ever-evolving cybersecurity landscape.

«Broadly speaking, across the world, the monetary policies are synchronised with some lag or some sort of advanced framework, so that is where if inflation in a particular country is under control, they would try to synchronise with the rest of the world going forward,» says Ashishkumar Chauhan, MD & CEO, NSE. We have seen a stimulation in the Chinese economy. What kind of an impact do you think it will have here in India? Ashishkumar Chauhan: Broadly speaking world is connected, at the same time China is going through its own issues on their economic front, especially with real estate and it seems to be a grave situation there on many counts and that is where the government there has taken these steps first time to even distribute money for their national holiday and that is showing you that that particular economy is going through the stress.

Zerodha co-founder Nithin Kamath recently lambasted the Indian public for harbouring resentment towards the rich and the entrepreneurial class. In a conversation at a tech event with YourStory founder Shradha Sharma, Kamath blamed India’s socialist mindset and wide economic disparities that have triggered a culture that discouraged entrepreneurship and also fostered bitterness towards the moneyed classes. “In the US, if someone makes a lot of money they are very successful and buy new cars, then it comes on the cover page. And it’s very normal—buying a jet and all is very normal. And as a society also, they don’t look down [on rich people,” said Sharma.

Subscribe to enjoy similar stories. After the call that would transform his life, Elliott Hill hung up the pay phone, stuffed everything he owned in his car and drove from Ohio to Tennessee so he could start his dream job at Nike. But when he walked into the company’s Midwest regional sales office for his first day of work, there was just one problem.

TVS Emerald), a fully owned subsidiary of TVS Holdings, has acquired two land parcels across —North Bengaluru and Chennai in a deal valued with a combined revenue potential of Rs 900 crore. The company has acquired a 4-acre land parcel in Thanisandra, North Bengaluru, with a tentative saleable area of half a million sq. ft., and a potential booking value of Rs 600 Crore. Simultaneously, TVS Emerald has also secured a 4-acre land parcel in Padur, Chennai, with a booking value potential of Rs 300 Crore, further expanding its footprint in both cities. These acquisitions reflect TVS Emerald’s strategic growth in high-demand residential markets. Thanisandra, a rapidly growing suburb in North Bengaluru, boasts excellent connectivity to Kempegowda International Airport, NH44 and Outer Ring Road, making it a prime location for homebuyers. Meanwhile, the Padur acquisition strengthens the brand’s presence in Chennai, where TVS Emerald continues to invest in premium residential projects.

Mumbai Police has called in the CEO and technical head of BookMyShow's parent company to probe allegations of black-market ticket sales for the upcoming Coldplay concerts in Mumbai. CEO Ashish Hemrajani of Big Tree Entertainment Private Limited and the technical head are to appear before the Economic Offences Wing (EOW) on Saturday. The summons follows a complaint by advocate Amit Vyas, who alleged that tickets for the Coldplay concerts, scheduled for January 18, 19, and 21, were being resold at excessive prices shortly after their official release on September 22. Tickets, originally priced at Rs 2,500, were reportedly being resold for up to Rs 3 lakh. All tickets for the initial shows sold out quickly, prompting Coldplay to add a third show on January 21, which also sold out. BookMyShow, the authorized ticketing partner for the concerts, stated that unauthorized reselling and scalping are illegal and punishable by law in India.