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Cognizant offering salaries between ₹4-12 lakh to fresher engineers, says EVP Surya Gummadis amid social media backlash

LivemintLivemint · 1y ago
Cognizant offering salaries between ₹4-12 lakh to fresher engineers, says EVP Surya Gummadis amid social media backlash
Medial

IT company Cognizant has clarified that its ₹2.52 lakh annual salary offer is for non-engineering degree holders, while fresh engineering graduates can earn salaries ranging from ₹4-12 lakh annually. The company faced online criticism for offering low salary hikes of 1 percent, but this represents the lower end of a 1-5 percent range based on individual performance. Cognizant emphasizes its investment in training and upskilling fresh graduates, with hundreds of non-engineering associates having advanced to key positions within the company. Additionally, Cognizant affirms its commitment to remaining competitive with its compensation strategy.

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Festive Rush Sparks Speed War: Quick Commerce & Ecommerce Battle For Fastest Deliveries

Inc42Inc42 · 1y ago
Festive Rush Sparks Speed War: Quick Commerce & Ecommerce Battle For Fastest Deliveries
Medial

- Efficient supply chain is crucial for the long-term sustainability of India's quick delivery realm. - Same-day and next-day deliveries have seen a significant increase during peak periods, now accounting for 12-15% of total ecommerce deliveries. - Ecommerce platforms are now focusing on swift deliveries (same day or next day) during the festive season, compared to the earlier timeline of 4-5 days. - Demand for fast deliveries has surged compared to last year's festive sales. - Quick-commerce players are expected to capture a significant portion of the customer base seeking instant gratification. - Ecommerce platforms are striving to stay ahead of the delivery curve and ensure no shopper is left craving amid the festive rush.

Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round

EntrackrEntrackr · 4m ago
Ice popsicle brand Skippi raises Rs 12 Cr in extended pre-Series A round
Medial

Ice popsicle brand Skippi has raised Rs 12 crore ($1.4 million) in an extended pre-Series A funding round led by the Dubai based strategic family offices of Surya, which invested Rs 10 crore. The remaining Rs 2 crore came from other angel investors. The startup was featured in Shark Tank India Season 1, where it secured Rs 1.2 crore from all six sharks: Aman Gupta, Ashneer Grover, Anupam Mittal, Namita Thapar, Vineeta Singh, and Piyush Bansal, in exchange for an 18 percent equity stake. Since then, the company claims to have grown its monthly revenue 80 times, from Rs 5 to 7 lakh to several crore. The Hyderabad based company had previously raised 1.43 million dollars in a seed round in April 2024 from Hyderabad Angels and others. According to a press release, the fresh funds will be used for growth initiatives, enhancing brand visibility, strengthening working capital, accelerating product innovation, onboarding senior leadership, and expanding into the Middle East market. Co-founded in 2021 by Ravi and Anuja Kabra, Skippi specializes in natural ice pops made with all-natural ingredients and RO water. The brand offers a range of flavors including traditional Indian options like Kala Khatta and follows an omnichannel retail model, selling through its website, online marketplaces, and a network of distributors and stockists. Skippi’s products are now available in over 20,000 retail outlets across India and on platforms such as Zepto, Swiggy Instamart, Amazon, BigBasket, and its own website. The company has also diversified its portfolio with new offerings such as Crazy Corn, Cornsticks, and Cream Rolls.

MedySeva raises Rs 4 Cr led by Unicorn India Ventures

EntrackrEntrackr · 6d ago
MedySeva raises Rs 4 Cr led by Unicorn India Ventures
Medial

Healthtech startup MedySeva has raised Rs 4 crore in a seed round led by Unicorn India Ventures. The proceeds will be used to expand phygital healthcare clinics across tier-II and tier-III locations, upgrade its telemedicine platform, strengthen digital infrastructure, increase patient outreach, and build on-ground operations and clinical support teams. Founded in 2022 by Dr. Vishesh Kasliwal, MedySeva provides teleconsultation and in-person doctor services through a hybrid healthcare model for rural and semi-urban regions. The company connects patients to doctors across medical specialities using a central telemedicine platform supported by physical clinics. MedySeva claims to have delivered 1,00,000 consultations in the last 12 months with a 60% repeat-patient rate. The firm aims to scale to 2 lakh annual consultations in 18 months. It has partnered with medical colleges to set up satellite clinics and onboarded doctors from 10 medical specialties. The brand has also tied up with pharmacies and healthcare providers to build a local care network. MedySeva plans to open over 500 phygital healthcare centres across India over the next 18–24 months and enter five new states through institutional and state-level partnerships. MedySeva competes with primary healthcare and telemedicine players such as Practo, Medibuddy, Clinikk, HealthPlix, CureBay, and eSanjeevani in rural and semi-urban healthcare access.

IB Ministry blocks 18 OTT platforms for publishing obscene content

EntrackrEntrackr · 1y ago
IB Ministry blocks 18 OTT platforms for publishing obscene content
Medial

The Ministry of Information & Broadcasting has blocked as many as 18 OTT platforms, including Dreams Films, Voovi, X Prime, Hunters, and others for publishing obscene, vulgar, and pornographic content. The ministry has also ordered blocking of 19 websites, 10 applications (7 on Google Play, 3 on Apple Store) along with 57 social media accounts associated with these platforms. “The content was determined to be prima facie in violation of Section 67 and 67A of the IT Act, Section 292 of the IPC, and Section 4 of the Indecent Representation of Women (Prohibition) Act,1986,” the ministry said in its press release. The decision was taken under the provisions of the Information Technology Act 2000 in consultation with ministers of various departments and the domain experts specializing in media and entertainment, women’s and children’s rights, the release added. Among these 18 banned OTT platforms, one of the OTT apps had more than 1 crore downloads while two others had 50 lakh downloads on Google Play Store. The social media accounts of the concerned OTT platforms had an overall fellowship of over 32 lakhs, the statement further said. The high number of downloads and viewership aren’t surprising considering the deep reach of affordable and faster internet connectivity in the country. Moreover, several OTT platforms have managed to bypass the local broadcasting norms to publish objectionable content. Besides obscenity, OTT platforms have also faced backlash from several groups over hurting religious sentiments. The spate of recent controversies probably prompted the government to introduce a new broadcasting bill, which proposes censoring of content on such streaming platforms. Interestingly, the latest order doesn’t include Ullu and ALT Balaji, which have been thriving on sleazy contents.

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