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Chandra R. Srikanth Profile picture
Chandra R. Srikanth
@chandrarsrikant
Deputy Executive Editor, @Moneycontrolcom. Previously with @ETNOWlive. Tweet on tech, startups, general news. They reflect my views.
Jan 29, 2023 • 6 tweets • 3 min read
So Adani has just released a 413 page statement in response to Hindenburg allegations Gist of Adani response to Hindenburg
Jan 27, 2023 • 4 tweets • 1 min read
When Lord Shiva made it to a lawsuit 🧵
“This perverse mindset—which turned traditional fiduciary duty principles on their head—had its roots in Rajaram's devotion to Hindu deity Shiva the Destroyer, whose core philosophy called for “destroying or selectively abandoning the past” The primary allegation in the lawsuit was that Ryan's son had been duped into selling their shares in Mu Sigma back to Mu Sigma at a lower value than they were worth.
Jan 19, 2023 • 5 tweets • 1 min read
GoMechanic’s financials for FY21 (2020-21) were audited by PwC. In FY22 (2021-22), GoMechanic’s books were audited by KPMG. According to sources, KPMG issued no qualifications on GoMechanic’s books in FY22, even as the founders themselves later admitted to financial errors. The unravelling happened when GoMechanic was in the process of raising $75-80 million in a Series D round to be led by SoftBank’s Vision Fund and Malaysian sovereign fund Khazanah Nasional, along with participation from others.
Jan 16, 2023 • 4 tweets • 1 min read
A look at the India lounge at Davos Image Image
Jan 16, 2023 • 6 tweets • 2 min read
While developed economies talk gloom and doom, the story is different when you take a walk down the promenade at Davos towards the India lounge and state lounges. From an imposing hoarding of Prime Minister Modi to the beautifully done up India lounge, it's a sight for sore eyes Image Invest India's @DeepakBagla_. “Walk down the promenade, you feel proud being an Indian. Look at the India presence, India is everywhere.”
Dec 2, 2022 • 7 tweets • 3 min read
🚨🚨BREAKING: Big relief for PhonePe, Google Pay. NPCI extends deadline for limiting volume cap to 30 per cent till December 31, 2024. It was supposed to come into effect in Jan 2023. @moneycontrolcom Story: In a relief to PhonePe, Google Pay, NPCI extends UPI market cap deadline to December 31, 2024.
@PriyankaIyer breaks the story
moneycontrol.com/news/business/…
Dec 1, 2022 • 5 tweets • 2 min read
“For every start-up raising $10 million in a Series A round, they are hiring around 25 people for IT and tech roles. For $20 million funding rounds, they are adding anywhere over 40 people who are slightly senior, and offering an average package of Rs 30 lakh.” In October alone, around 11,000 active monthly job openings were posted across Indian start-ups, according to @Xpheno_
If you are a good cloud engineer, full-stack engineer with around 4-10 years of experience, you would get a job within 15 days of getting laid off,
Dec 17, 2021 • 5 tweets • 2 min read
🚨War for tech talent in 5 charts
Dec 17, 2021 • 4 tweets • 1 min read
🚨🆕️First recurring payments, now tokenisation: New disruption awaits customers in 2022
Memorising your 16-digit card number may have to be at the top of your resolutions for 2022, as @PriyankaIyer reports in this piece moneycontrol.com/news/business/… Less than a fortnight before the January 1 rollout, banks, card networks such as Visa, Mastercard and RuPay, and payment gateways are yet to fully integrate the new Card on File Tokenisation (CoFT) payment method.
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Nov 15, 2021 • 4 tweets • 2 min read
If you are a full-stack developer in India today, companies are willing to give you a hike as high as 120 %, even if you are a fresher with just a couple of years' experience Hikes are rarely less than 50 percent. Very good graphics in story
By @kpswathi moneycontrol.com/news/business/… A look at the demand and pay scale for full stack developers in India
Aug 11, 2021 • 5 tweets • 2 min read
How Robosoft's Rohith Bhat built a global company from a temple town in India. It was so refreshing to speak to @rohithbhat, who decided to take the road less traveled by.
And that, to quote Frost, made all the difference
By @kpswathi and me moneycontrol.com/news/business/… "Before I started Robosoft, the inspiration was my trip and stay in Japan. Because until then we were always exposed to the US culture and you always aspired to go to the US. But when I went to Japan, it changed me completely."
Jul 8, 2021 • 5 tweets • 1 min read
In a Gurugram locality, the investors found 20 dogs being walked by people wearing Cozo t-shirts.

One investor asked a security guard “Do these people come here every day? To walk dogs?”

“This is the first time I am seeing them,” said the guard who's been there for years The investors found out that the 20-odd dogs and their walkers were specifically planted at that location that day for the due diligence. The walkers and customers confessed that they had been coached by the founders on what to say when the investors turned up.
May 3, 2021 • 5 tweets • 1 min read
How BV Srinivas & team are able to help. Members of the youth congress had been asked to buy oxygen cylinders last month.
"We had asked some of our volunteers to buy five cylinders, each, at the start of April when the cases started rising in Delhi." moneycontrol.com/news/trends/ho… So far, volunteers have bought around 100 oxygen cylinders from manufacturers and are distributing them across the city to help out the patients.
May 3, 2021 • 6 tweets • 3 min read
COVID-19: Indian health tech startups step in to take load off healthcare system. In case you missed it last week, this story by @kpswathi on how health tech startups are stepping up in a huge way to help lessen the load on hospitals moneycontrol.com/news/business/… Apart from home RT-PCR tests, @MFineCare launched COVID-19 inflammation tests and high resolution CT scans. It launched COVID-19 homecare plan for Rs 2,499 for 15 days, where patients get unlimited consultations with physicians, pulmonologists and dieticians. @Stellaris_VP
Apr 23, 2021 • 6 tweets • 3 min read
A number of startups in Mumbai, Bengaluru, Hyderabad and Delhi have seen many employees test positive for the virus, and in some cases, key leaders and founders have been down with the virus. @manicontrol2020 spoke to entrepreneurs on how they are coping
moneycontrol.com/news/business/… .@leverageedu founder @Akshay001 spent the last few days helping out his team members to secure beds and oxygen in New Delhi, when his business - of sending students abroad for higher education, is peaking as vaccinations rise in the United States and Canada.
Apr 21, 2021 • 8 tweets • 2 min read
TeamLease chairman Manish Sabharwal is optimistic that India will come out of the crisis stronger & also spelt out reasons why the second wave is vastly different from the first. "The darkest hour is just before dawn," he told us in this interview.
moneycontrol.com/news/business/… "I think expanding vaccines, deregulating prices of vaccines will have a massive supply response."
Mar 1, 2021 • 7 tweets • 2 min read
Interesting trends from placements at @IIM_Bangalore @rishikesha
481 offers made. All 435 students placed
Consulting companies: 165 offers
Of this, Accenture made 45 offers, followed by Bain with 24 offers. McKinsey made 18 & BCG made 13 78 offers from Tech: Microsoft 12, Browserstack 6, Ola 6, Byju’s 5, UHG Optum 5, Adobe 3, Infoedge 3, Oracle 3, Razorpay 3, Sprinklr 3, Amagi Labs 2, AppDynamics 2, Atlassian 2, Cisco 1, and Tech Mahindra 1. Amazon 34, Paytm 11, Flipkart 6, Myntra 3, Cloudtail 1.
Feb 4, 2021 • 6 tweets • 1 min read
Poor performance by Cognizant at a time when its peers are posting blockbuster results
- Negative growth for the 1st time in his history
- Clocks record low margins
- Settles $140 mn with large client
- 6% quarterly spike in voluntary attrition 🧵 Posts $16.7 Bn for 2020 full year, a decline of 0.8% compared to 2019.
Cognizant Q4 revenue declined 2.3 YoY
This, even as it spent $1.1 Billion in acquisitions in 2020.
It has projected a revenue growth of 5.5%-8.5% for 2021. This includes 3% contribution from acquisitions
Dec 30, 2020 • 7 tweets • 1 min read
Fascinating 2020 trends from Zomato 🧵
A person from Jalgaon, Maharashtra ordered 369 pizzas this year
A person from Bengaluru emerged overall topper, having placed 1,380 orders this year (4 orders a day)
I'm feeling a lot better about myself after seeing all this Pizza and India
May - 4.5 lakh plus orders
July- 9 lakh
Sept - 12 lakh
Nov - 17 lakh
Guess this would have peaked during IPL, when people also felt more comfortable ordering in compared to the first few months of Covid
Dec 29, 2020 • 10 tweets • 3 min read
On December 29th, 1945, Muhamed Husein Hasham Premji, registered Western India Vegetable Products Limited after buying an oil mill in Amalner, Maharashtra. His son, Azim Premji would go on to build a diversified conglomerate worth billions, and give most of it away 🧵 Few would have imagined that a company that made vegetable and refined oils would go on to become a conglomerate that today houses a listed software giant, Wipro and an unlisted Wipro Enterprises- which has its consumer care, infrastructure engineering and medical equipment biz
Dec 26, 2020 • 5 tweets • 1 min read
Delivery trends from @DunzoIt for 2020 🧵
Over 3X condoms were ordered during the day compared to night
Top wellness orders
Chennai - sanitary pads
Jaipur- pregnancy tests
IPill - Blore, Pune, Gurugram, Hyd, Delhi, Mumbai Top grocery orders
Blore - onion
Pune - milk
Chennai- potato
Delhi - soft drinks
Hyd - milk
Pune ordered 2x more Maggi than Mumbai
Delhi, Chennai and Jaipur ordered more coffee than tea.