๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Meet Indian IT industry's best paid CEO
Livemint
ยท
1y ago
Medial
Ravi Kumar Singisetti, CEO of Cognizant Technology Solutions Corp., received $22.56 million in compensation last year, making him the highest-paid Indian boss at a tech services company. The amount includes a one-time stock reward. Kumar's compensation is 0.11% of Cognizant's $19.35 billion revenue. Notably, Cognizant's revenue declined, and the company let go of 3,500 employees to improve profitability. Comparatively, other Indian IT services CEOs received lower proportions of their respective company's revenue as remuneration.
View Source
Related News
AI marks end of an era for Indian ITโs 30-year business model, says HCL CEO
YourStory
ยท
4m ago
Medial
The Indian IT industry's traditional business model of the last three decades needs disruption, according to HCL Technologies' CEO C Vijayakumar. At Nasscom's annual event, he stressed the critical need to embrace AI-driven automation to remain relevant, emphasizing a shift from linear scaling of revenues and workforce to more efficient models. Infosys' CEO Salil Parekh concurred, highlighting the urgency for companies to adapt from input-based to platform-driven, output-based models to ensure long-term success.
View Source
Why the Indian music industry is unable to hold a tune
Livemint
ยท
8d ago
Medial
The Indian music industry is struggling as listeners are unwilling to pay for music, leading to the shutdown of services like Hungama, Wynk, and Resso. In 2024, there were 192 million free streamers compared to only 12 million who paid. The industry's future relies on overcoming market challenges and creating a sustainable revenue model, possibly by encouraging more users to pay for subscriptions, which could help stabilize the music streaming landscape in India.
View Source
Steel min order on standards could hurt MSMEs; fear of losses, plant shutdowns: GTRI
Economic Times
ยท
29d ago
Medial
The steel ministry's updated order requires steel imports to meet Indian standards, including raw materials, causing concerns among MSMEs about potential losses and plant closures. The rule, effective from June 16, affects shipments with pre-signed contracts. The Global Trade Research Initiative highlights the industry's lack of preparation time and the extended duration required for BIS certification. Businesses now face compliance challenges, risking non-compliance declarations for goods already in transit.
View Source
โBabus never understood the business...โ: X user sparks debate on what really built Indian IT
Business Today
ยท
3m ago
Medial
A recent discussion highlights that the Indian IT industry's success may owe much to bureaucratic oversight; initially underestimated, IT became crucial before the government grasped its potential. Now, external pressures present new challenges, with analysts lowering expectations for the upcoming Q1 earnings due to recent tariff issues. This reflects a continued evolution and resilience in the sector as it faces global competitive dynamics.
View Source
Infosys CEO among highest paid in Indian IT as FY25 compensation rose 22% to $9.4 mn
VCCircle
ยท
1m ago
Medial
Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), making him one of the highest-paid Indian IT chiefs. His earnings included a fixed salary, bonuses, and stock options. Comparatively, Parekh earned $7.9 million in 2024 and $6.76 million in 2023. Despite a 4.2% revenue growth in FY25, Infosys projects just 0-3% growth for the current fiscal year due to a challenging business environment.
View Source
BGMI Maker Krafton India Seeks Govt Support For Online Gaming
Inc42
ยท
1y ago
Medial
Krafton India CEO, Sean Hyunil Sohn, urged Indian government support for the gaming industry, citing labor cost subsidies in other countries. He emphasized India's gaming potential due to affordable internet and high mobile usage, with opportunities for growth. Sohn also discussed the GST Council's 28% tax on online game bets and the sizable market for games like BGMI. He noted Krafton's investment in Nodwin Gaming and the industry's substantial growth.
View Source
What ails the software jobs market? Zoho's Sridhar Vembu says it's not AI
Economic Times
ยท
4m ago
Medial
Zoho founder Sridhar Vembu suggests that the software industry's challenges are due to excess capacity from abundant venture capital, not artificial intelligence (AI). This has led to inefficiencies, with duplicated IT systems draining resources. Companies often hire Indian talent to manage these inefficiencies, creating many IT jobs. While AI can boost productivity by 10-20%, it doesn't pose a significant threat to jobs yet. The industry faces challenges from changing skill requirements and automation.
View Source
YouTube plans to invest over Rs 850 crore to boost Indian content creators
Economic Times
ยท
2m ago
Medial
YouTube plans to invest over Rs 850 crore to boost Indian creators, artists, and media companies, as revealed by CEO Neal Mohan. Indian content amassed 45 billion hours of global watch time last year. In three years, YouTube paid over Rs 21,000 crore to Indian creators. Over 100 million Indian channels, including Prime Minister Modi's with 25 million subscribers, have benefited. India's vibrant creator economy is growing, supported by YouTube's global connectivity and cultural export power.
View Source
Why you should file your income tax returns before July 31
Money Control
ยท
1y ago
Medial
Filing income tax returns (ITR) within the deadline is crucial to avoid penalties and legal complications. The due date for salaried individuals and taxpayers without audit requirements is July 31. It is a legal obligation for individuals whose income exceeds the maximum exemption limits set by the Income Tax Department. Filing ITR serves as an official record of income and taxes paid, helping with loans and financial transactions. Late filing can result in penalties, so it is important to understand and meet the deadlines.
View Source
Auto component industry seeks national strategy on critical materials amid rare magnet shortage
Economic Times
ยท
8d ago
Medial
The Automotive Component Manufacturers Association of India (ACMA) has expressed concern over a shortage of rare earth magnets, critical for electric vehicle production. ACMA is urging for a national strategy on critical materials to address this issue. Despite challenges, the auto components industry's turnover reached USD 80.2 billion in FY2025, growing by 10% compared to FY2024. The industry has been resilient, focusing on investments, technology, and localization to meet domestic and global demands.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in