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Infosys only Indian company in top 100 TIME World's Best Companies list
Livemint · 1y ago
Medial
Indian IT major Infosys has been included in the top 100 list of the World's Best Companies of 2023 by TIME Magazine and Statista. With an overall score of 88.38 out of 100, Infosys ranked 64th on the list. Microsoft, Apple, and Alphabet (Google owner) secured the top three spots. In terms of sustainability, Infosys secured the 135th rank while its employee satisfaction ranked 103rd. Among the top three professional services companies worldwide, Infosys has shown strong growth.
Digital competition law: Large internet firms not in favour of ‘ex-ante’ regulations
Economic Times · 1y ago
Medial
Indian consumer internet giants Zomato, Swiggy, Flipkart, and Oyo are against new regulations proposed by a government-appointed committee to regulate potential abuses of antitrust laws. The committee suggested a new digital competition law with an ex-ante framework to address dominance abuse by big tech companies. While some Indian firms like Paytm and MakeMyTrip support the proposal with certain conditions, Zomato, Swiggy, Flipkart, and others argue that the regulations could stifle innovation and harm small players. Amazon and Flipkart also oppose ex-ante rules, highlighting the potential for increased compliance costs and regulatory overlap.
Which Indian brands saw their value grow the most in 2024?
Inshorts · 10m ago
Medial
Zomato's brand value recorded 100% YoY rise in 2024 to $3.55 billion, as per market research firm Kantar. Bajaj Auto's brand value rose 94%, DLF's rose 93%, Reliance Retail saw its brand value rise 79% while Mahindra's brand value jumped 78%. Brand value of TVS (71%), Hero (62%), IndiGo (59%), Colgate (56%) and Indian Oil (50%) also rose in 2024.
Info Edge pegs Zomato, PB Fintech holdings at $3.7 billion
Entrackr · 3m ago
Medial
Info Edge (India) Ltd has pegged the combined value of its holdings in two of India’s top tech internet firms—Zomato and PB Fintech (which operates Policybazaar and Paisabazaar)—at Rs 31,500 crore (approximately $3.7 billion) as of March 31, 2025, according to its latest disclosures. The Gurugram-based internet conglomerate holds a 12.38% stake in Zomato and 19% in PB Fintech—key pillars of Info Edge’s listed tech portfolio that continue to add significant value to its balance sheet. According to an analyst report from Info Edge, its investment activities account for approximately 30–40% of the company’s overall value. The firm made its initial investments in Policybazaar in 2008 and Zomato in 2010, when the firms were valued at Rs 21 crore and Rs 9.4 crore, respectively, as per shareholder records. So far, Info Edge has backed 111 startups using a mix of its own capital and funds through its Alternative Investment Fund (AIF) arm. It has invested Rs 3,959 crore across these companies, while the fair market value of its portfolio stands at Rs 36,855 crore ($4.33 billion), implying an estimated gross internal rate of return (IRR) of 36%. While Info Edge has not indicated any immediate plans to exit or monetize these key holdings, the disclosures reaffirm how startup equity continues to be a critical pillar in its long-term value creation strategy.
Adani Group, HCL Tech, Infosys, among top Indian firms in TIME’s world’s best companies of 2024; Check full list | Mint
Livemint · 10m ago
Medial
Indian companies such as HCL Tech, Infosys, and Wipro have made it to TIME's World's Best Companies list for 2024. HCL Tech secured the highest position among Indian companies, followed by Infosys and Wipro. Other Indian firms on the list include Mahindra Group, Axis Bank, and State Bank of India. Apple emerged as the top global company, with Microsoft, BMW Group, and Amazon also featuring prominently. The ranking considered employee satisfaction, revenue growth, and sustainability as key metrics. Microsoft and Apple were recognized for their employee satisfaction and revenue growth.
Noise onboards Olympic Gold Medalist Neeraj Chopra as its brand ambassador
Startup News FYI · 1y ago
Medial
Indian lifestyle brand Noise has announced Neeraj Chopra, Olympic gold medalist and javelin world champion, as its brand ambassador for smartwatches. With the addition of Chopra, Noise aims to strengthen its position as the third-largest smartwatch brand globally and the first Indian brand to top the list. Noise's partnership with Chopra reflects their commitment to excellence and empowerment, and is expected to build stronger relationships with consumers. Chopra will participate in an extensive campaign across various platforms and channels.
Zomato, its first full-year profit in pocket, turns focus on Blinkit
Livemint · 1y ago
Medial
Food delivery giant Zomato is ramping up its quick-commerce business, Blinkit, with plans to add 100 dark stores by June. Zomato aims to have 1,000 warehouses for Blinkit by the end of the fiscal year, as it sees the potential for the quick delivery business to outperform its core food delivery operations. Blinkit, which Zomato acquired in 2022, turned operationally profitable in March and experienced a doubling of both revenue and gross order value in Q4. The company is focusing its expansion efforts on the top eight cities in India.
Deepinder Goyal enters billionaire club as his holding in Zomato crosses $1 Bn worth
Entrackr · 1y ago
Medial
Deepinder Goyal, founder and CEO of Zomato, has entered the billionaire dollar club as the value of his holdings in the foodtech firm surpassed Rs 8,400 crore. With this, Goyal joins the ranks of Sachin and Binny Bansal, Nikhil and Nitin Kamath, Vijay Shekhar Sharma, Byju’s Reveendran, and Ritesh Agarwal who hit a similar high at some point with their startups’ growth and valuation. As of March 31, 2024, Goyal owned a 4.19% stake in Zomato and had 36,94,71,500 shares. Since the Info Edge-backed firm recently hit its all time high share price ~Rs 232, the value of his personal holding crossed $1 billion. Zomato currently has a market capitalization of Rs 2,01,343 crore or $24.25 billion (as of 11.27 AM IST on July 15). With 36,94,71,500 equity shares, Deepinder Goyal’s holdings are valued at Rs 8,423 crore ($1.01 billion), as per Entrackr’s estimate. Food tech major also received shareholder approval to implement a new ESOP plan 2024 valued at $458 million. With the implementation of its new ESOP plan, the company’s total ESOP value surpassed $800 million. After Flipkart, Zomato seems to have the largest ESOP pool at the moment in the startup arena. In 2021, Oyo’s ESOP pool was worth close to $1 billion followed by Paytm, Nykaa and Policybazaar. However, value of Oyo and Paytm’s ESOP pool has nosedived since then in the wake of colossal loss in their valuations. While the holdings of bootstrapped startup’s founders such as Kamath brothers and Sridhar Vembu fortune are estimated to exceed $1 billion, Goyal has turned out to be the new entrant in the billionaire club from the VC-backed ecosystem. The good times for Zomato have continued on the stock exchange despite the company increasing its platform fees to Rs 6 in Delhi and Bengaluru. The company introduced a platform fee of Rs 2 in August last year, which was increased to Rs 5 in April, and now stands at Rs 6 per order as the firm looks to improve margin. Swiggy also spiked its platform fee to Rs 6 in the two cities. Zomato showed a robust growth in the last fiscal year (FY24) as its revenue from operations surged 71% year-on-year to Rs 12,114 crore in FY24 from Rs 7,079 crore in FY22. Moreover, the profits of the company stood at Rs 351 crore in FY24 as compared to a loss of Rs 971 crore in FY23.
Global PE investors eye bigger pie of India’s software services sector
Economic Times · 1y ago
Medial
There is an increase in interest from global private equity firms in acquiring Indian IT and software services companies. This is due to a rise in growth capital investments in the IT sector by global PE funds. The number of PE firms holding majority stake in Indian IT services companies has doubled between 2019 and 2022. Inbound deals from global investors for Indian firms rose 35% in 2023, outpacing the previous year's growth rate. Indian IT firms are seen as valuable due to their growth performance and potential. The total value held by PE firms in the sector has quadrupled, reaching $55 billion today.
TCS, Accenture, Infosys lead LinkedIn’s list of best workplaces in India
Economic Times · 3m ago
Medial
LinkedIn’s 2025 list of Top Companies in India highlights the best workplaces for career growth, emphasizing IT firms like Tata Consultancy Services (TCS), Accenture, and Infosys. These companies are recognized for promoting career advancement, skill development, and long-term success. The list considers factors such as employee promotions, skill acquisition, and retention. It underscores the need for adaptability, noting that 70% of job skills may evolve over five years. Companies like Amazon and Oracle also feature in the top 25.
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