Tech & Startups

    Unpacking K Krithivasan's first year as TCS CEO

    TCS CEO K Krithivasan completed a year in office this month. His term was marked by an unprecedented slowdown in tech demand. The veteran, however, has brought growth and stability for the bellwether. Under his leadership, TCS reached $29.1 billion in annual revenues in the year ending this March, growing at 4.1%.

    Norway wealth fund to vote against Elon Musk's $56 billion Tesla pay package

    Norway's wealth fund to vote on Musk's pay and directors' re-election at Tesla's annual meeting. The fund opposes Musk's $56 billion pay package, voided for being unfair to shareholders.

    Sachin Bansal exits Ather Energy, sells stake to Hero MotoCorp, Nikhil Kamath

    Hero MotoCorp bought this stake at an inferred valuation of Rs 5,636 crore. This is a premium to the Rs 4,666-crore valuation at which the company had invested Rs 140 crore in Ather in December 2023.

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    Will Wipro's fortunes reverse under a new CEO?

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    Surprise poll results impact startups' plans, and other top stories this week

    In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.

    HSBC cuts Elastic Run valuation; Hero MotoCorp doubles down on Ather

    HSBC has cut its valuation estimate for B2B ecommerce firm Elastic Run by nearly half, bringing it under $1 billion. More on this in today’s ETtech Top 5.

    IPO-bound cos wary after poll results; NBFCs’ balancing act

    Happy Friday! New-age firms planning to go public are moving cautiously as stock market volatility remains a concern after the 2024 general election results. This and more in today’s ETtech Morning Dispatch.

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