Ritesh Agarwal, Founder and Group CEO of OYO, said, “We will be doing all that we can to ensure that most of the people we are having to let go, are gainfully employed. Every member of the OYO team and I myself will proactively endorse the strength of each of these employees."
These businesses operate in the areas of green hydrogen ecosystem, airports, roads & highways, data centre, and defence & aerospace. The strategy is to nurture new businesses until they are self-sustaining, and ripe for unlocking value in public markets.
Pichai in his note also praised PM Narendra Modi’s “Digital India vision", and said Digital India has certainly been an accelerator for the progress. He added that he is proud that Google continues to invest in India, partnering with governments, businesses, and communities.
India's largest IT services company, TCS, has delayed onboarding of freshers up to eight months. Business Today previously reported that companies including Infosys, Wipro, Tech Mahindra, Capgemini, Accenture, Mphasis, Mindtree, Deloitte, and HCL Tech have been delaying the onboarding of freshers.
2022 Burgundy Private Hurun India 500: The Hurun’s list of most valuable companies, which was released on Thursday, stated that Tata Consultancy Services (TCS) and HDFC Bank are in the second and third spots. Infosys and ICICI Bank are next in line.
The founder of InfoEdge said that if founders encash some value early through a secondary share sale, then their hunger to succeed would be sated and they would not try 'hard enough' to maximise value for everyone