Mohandas Pai News

The funds will be utilised towards enhanced investments in product development and marketing. Monster.com is now valued at $100 million. The company has over 60 million active users in India.

The commerce and industry ministry has announced revised FDI policy for online retail.

The H-1B programme offers temporary US visas that allow companies to hire highly skilled foreign professionals.

The Bengaluru-headquartered company last week filed the application with SEBI to settle the issues around severance agreement with ex-CFO Rajiv Bansal.

Pai also said all the co-founders would collectively take a decision on the return of Nandan Nilekani, a co-founder and former CEO, to the Bengaluru-headquartered IT firm.

Sikka's resignation has plunged Infosys into crisis with the company facing several issues, including a suitable replacement as CEO.

The reports of job insecurity leading to high levels of anxiety and depression among information technology professionals in India are baseless and exaggerated as there are no large scale layoffs, says a senior figure in the IT industry.

Business models of e-tailers in India are not just running out of steam but even have not worked, says information technology industry veteran T V Mohandas Pai.

India's big IT services companies have ganged up to keep salary of freshers low taking advantage of oversupply of software engineers at the entry level, says industry veteran T V Mohandas Pai.

Despite Infosys denying corporate governance issues in the company, the co-founder and founder Chairman NR Narayan Murthy said on Thursday that corporate governance issues in the company are not only distressing but have also brought down the morale of employees.

Mired in controversy centring around differences between its founders and the management, Infosys today denied any governance lapses and emphasised that its board is "fully aligned with the strategic direction" of CEO Vishal Sikka.

Increasing automation would shave off 10 percent of incremental jobs in India's IT sector each year even as half of middle-level managers would also bear the brunt in the era of artificial intelligence, says industry veteran T V Mohandas Pai.

 The growX ventures on Thursday said it has led a US 5,00,000 (about Rs 3.34 crore) seed round for i2e1, a platform that aims to provide low-cost or free internet to consumers and actionable analytics to providers.

Private sector should take the lead in the 'Digital India' programme as the government does not have the capacity to do it, said Manipal Global Education Service chairman T.V. Mohandas Pai on Thursday.

Self-drive car rental company Zoomcar, which is backed by Infosys ex-CFO Mohandas Pai and former US Treasury Secretary Lawrence Summers, plans to add over 3,000 cars to its fleet this year as it expands services into big and small cities.