India economy

India remains a shining star with $3.6 billion inflows as global venture capital investment hits seven-year low: KPMG, ETCFO

Global venture capital (VC) investment plummeted to $70.1 billion in the third quarter of 2024, a seven-year low, compared to a high of $95.5 billion in the second quarter, according to the latest Venture Pulse report from KPMG Private Enterprise. This steep decline has been attributed to geopolitical uncertainty, an exit drought and the upcoming…

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India economy

Incremental work from top clients is a bigger problem for IT, CFO News, ETCFO

Although there were no mega deal announcements in the just ended quarter, Indian IT companies leveraged their partnerships with top clients to put up a strong show. From generating revenue from additional requirements from existing customers and restarting customers’ backlog projects to acquiring top clients, IT companies have been executing these incremental works with finesse….

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India economy

CCI approves Temasek, Apax Partners, additional stake in Thoughtworks, ETCFO

New Delhi, the Competition Commission of India (CCI) on Tuesday approved Singapore’s sovereign wealth fund Temasek and Apax Partners to acquire an additional stake in Thoughtworks Holding Inc. Thoughtworks is a global technology consultancy providing IT consultancy and application implementation and managed services. “CCI approves the proposed combination involving the acquisition of an additional share…

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