The Big Four—EY, Deloitte, PwC, KPMG—are locked in an intensifying battle with global technology majors such as Accenture and Capgemini, as well as Indian IT players, as leading companies are rushing to adopt artificial intelligence (AI) in their technology stacks, revving up growth in their technology consulting business that is expected to bring in more … Read more
Snabbit, an on-demand home services provider, is in talks to raise $100 million-120 million from new and existing investors at a likely valuation of $500 million-550 million, three people with knowledge of the development said. “The company has begun talks to raise a new funding round. Investors feel this is a new consumer category that … Read more
New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India.The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and a … Read more
In a surprise announcement, company has announced exit from it’s main business – the airport lounge access. That’s the business the Company was built upon, was known for and had got most of it’s fan following. (check my Company notes for details) There were speculations that this would eventually happen as the largest airport operator … Read more
The Company has informed that it is not being considered favorably by the Income Tax Department (ITD) for the next round of RFP selection process for PAN 2.0 project. This obviously came as a major shock to the investors given Protean’s significant reliance on the PAN related revenues; 55% contribution to the revenues in FY … Read more