India-headquartered technology company
POPULARITY
This week on DisrupTV, we interviewed Crawford Del Prete, President of IDC and Gurvinder Sahni, Chief Marketing Officer at Persistent Systems. We focused on AI's impact on enterprise transformation and leadership. Crawford predicted 8-13% IT spending growth for 2025, driven by 18% server and storage growth and 20% infrastructure as a service. Gurvinder highlighted Persistent's 19.9% revenue increase and the importance of AI in marketing, noting a 12.2% increase in cybersecurity spending. They also discussed the challenges of AI adoption, the role of AI in job markets, and the potential for AI to drive exponential efficiency. The conversation concluded with reflections on the NVIDIA GTC show and the future of AI in business. DisrupTV is a weekly podcast with hosts R "Ray" Wang and Vala Afshar. The show airs live at 11:00 a.m. PT/ 2:00 p.m. ET every Friday. Brought to you by Constellation Executive Network: constellationr.com/CEN.
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, December 17, 2024. This is Nelson John, let's get started. Sanjay Malhotra recently took charge as the 26th governor of the Reserve Bank of India, and he's facing some tricky challenges right off the bat. The Indian economy, which had been growing robustly at over 8% just last year, has now slowed to a growth rate of 5.4% in the second quarter of FY25. This slowdown is part of what's shaping up to be a period of stagflation —in which slow growth is coupled with high inflation, complicating policy decisions considerably. N Madhavan explains that if Malhotra decides to cut interest rates to spur growth, he risks increasing prices further, with inflation already above the RBI's target of 4%. On the flip side, maintaining the current interest rates could slow economic growth even more. Ustad Zakir Hussain is celebrated not just as a tabla virtuoso but as a magician of music. Hussain transformed every performance into a vibrant narrative, weaving stories through the rhythmic syllables of the tabla. Descended from the esteemed Ustad Alla Rakha, and known for his innovative collaborations across diverse genres and cultures, Hussain transcended musical boundaries. Beyond his global acclaim and numerous accolades, his true legacy lies in the joy and passion he brought to his art, making his music a universal language of emotion and storytelling. In this poignantly penned tribute, Raja Sen celebrates the maestro's legacy. As the year winds down, villa rental companies are gearing up for a busy season, thanks to Christmas and New Year's Eve landing smack in the middle of the week. Devendra Parulekar from SaffronStays told Varuni Khosla that because these holidays fall on weekdays this year, people are extending their stays. Instead of the typical two-night stay, many are making bookings for three or four nights, giving occupancy rates a nice bump. Ritwik Khare from Elivaas noticed that bookings really picked up after Diwali, especially from Gujarati travelers, which helped balance out a slower October. But in Goa, there's a bit of a squeeze on nightly rates because the villa supply has shot up by as much as 60-70% over the past year. That's a lot of new options for travelers!When Pune-based Persistent Systems crossed $1 billion in revenue in FY23, founder Anand Deshpande credited the achievement to CEO Sandeep Kalra and his team. Kalra, who joined in 2019, revamped the company's strategy, focusing on key sectors and partnerships with major vendors such as Microsoft and Amazon Web Services, and boosting revenue from $501 million in FY20 to $1.18 billion in FY24. Similarly, Coforge saw significant growth under CEO Sudhir Singh, increasing its CAGR to 16% by FY24. These examples highlight how strategic leadership changes at mid-tier tech firms such as Persistent and Coforge are driving rapid growth and helping these companies compete effectively in the IT services industry. Shelley Singh takes a deep dive into how strategic leadership changes at mid-tier tech companies are changing the game. Global investment firm Actis is considering selling its Indian renewable energy platform, BluePine Energy, due to increased investor interest in clean-energy assets. The company, part of a larger movement in the renewables sector, is potentially valued around $1 billion, Sneha Shah and Nehal Chaliawala report. BluePine, which boasts of about 2.6 gigawatts of solar and wind assets in India, could benefit from Actis's experience in acquiring significant renewable assets. This potential sale highlights the dynamic market activity, which includes other notable assets and acquisitions, reflecting a robust interest in sustainable investments amid India's push for clean energy.
Have you ever wondered how businesses are transitioning from isolated AI experiments to integrated strategies that truly drive transformation? In this episode, we're joined by Dr. Pandurang Kamat, Chief Technology Officer at Persistent Systems, to explore this fascinating evolution. With over 12 years at Persistent and a PhD in Computer Science from Rutgers University, Dr. Kamat brings a wealth of knowledge about innovation, R&D, and the future of AI in the enterprise. Dr. Kamat explains how the AI revolution is reshaping both the technical and business aspects of organizations. From automating workflows to modernizing data and digital engineering, he dives into how AI platforms are becoming indispensable tools. He also highlights Persistent's unique approach with its flagship platforms SASVA for digital engineering, iAURA for data engineering, and the GenAI Hub for orchestrating AI across enterprises. These platforms are enabling businesses to adopt AI faster and more effectively, paving the way for what he calls "services as software." We also discuss the role of partnerships with hyperscalers like AWS and Google in scaling AI initiatives securely and responsibly. Dr. Kamat shares insights into Persistent's industry-specific applications of AI, from enhancing customer service to revolutionizing construction risk management and accelerating drug research. What challenges do businesses face when transitioning to platform-driven strategies? Dr. Kamat unpacks the critical steps, including shaping data readiness, identifying impactful use cases, and implementing responsible AI frameworks. Looking ahead, he envisions a future where AI delivers disproportionate outcomes through purpose-built agents and multi-year transformation projects. Join us as we navigate the next wave of enterprise AI with Dr. Pandurang Kamat and uncover how Persistent Systems is pushing the boundaries of innovation. What excites you most about the potential of AI to transform industries? Share your thoughts after the episode—we'd love to hear from you!
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, November 5, 2024. This is Nelson John, let's get started. Recent earnings reports from big consumer companies like Nestle India, HUL, and Maruti Suzuki highlight a sharp slowdown in urban consumption, posing a potential threat to India's economic growth. This quarter, the fast-moving consumer goods sector saw growth shrink from 10.1% to just 2.8%. The slowdown isn't just due to a heavy monsoon; deeper issues like stagnant urban incomes and high food inflation are tightening consumer purse strings, particularly affecting the middle class. The IT sector's slowdown in hiring and modest wage increases only add to the problem. This consumption dip could severely impact India's economic growth since private consumption is a key growth driver. N Madhavan explains the reasons behind this slowdown in today's Primer. The "Big Five" of Indian IT—TCS, Cognizant, Infosys, HCL, and Wipro—are facing a predicament as investors seem more captivated by smaller firms despite their varied performance metrics. Over the last four years, smaller IT companies like Persistent Systems and Coforge have seen their valuations skyrocket, far outpacing their giant counterparts. This shift is driven by the belief that these nimble players are better positioned to adapt to disruptions from generative AI technologies, which lessen the importance of scale in traditional IT operations. Varun Sood writes that despite achieving solid revenue growth, the big players haven't seen the same enthusiasm from investors, who are concerned about declining profitability and leadership changes. Leading manufacturers like steel and cement companies are increasingly tapping into renewable energy. Nehal Chaliawala reports on how this is proving to be a smart move financially. By signing long-term green power purchase agreements at lower rates than traditional coal-powered electricity, these firms are seeing significant reductions in energy costs. For instance, Ambuja Cement reported a 27% reduction in power and fuel costs this quarter, driven by a shift to renewable sources which now make up 25% of its energy mix. Similarly, ACC and Ultratech Cement have made strides in integrating renewables, with substantial cost savings. Ramco Group from Tamil Nadu is restructuring its corporate framework to eliminate cross-holdings and attract foreign investors. Anirudh Laskar and Satish John report that Ramco Cements has sold its 16.23% promoter stake in Ramco Industries to other promoter entities. Ramco is looking to remove cross-holdings that might not be appealing to foreign investors. It plans to divest from assets worth at least ₹1,000 crore to reduce its debt. Multi-speciality hospitals are now passe — private equity investors now want single-specialty medicare centres. Soumya Gupta writes that this is because patients are typically seeking higher standards of service, and such specialised hospitals are started by well-regarded doctors. Since 2022, private investors have increasingly favored single-speciality hospitals, leading to significant funding and acquisitions. Last year, 20% of the $5.5 billion in hospital funding in India went to such facilities. As for investors, these smaller hospitals offer more scalable options compared to larger counterparts.
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of today's trading session -While Monday and Tuesday's fall came amidst multiple negative surprises, the fact that there were enough positive earnings surprises on Wednesday also could not improve sentiment in any form. IT was the only standout sector during the session, led by Persistent Systems and Coforge, shares of each ending 10% higher after a strong earnings performance and bullish management commentary on the road ahead. -In an interaction with CNBC-TV18, Laurence Balanco of CLSA projected the Nifty to fall another 1,000 points from current levels in the next 20 trading sessions. -Wednesday's high of 24,604, becomes the first level for the Nifty to cross during Thursday's trading session, which will also be the weekly options expiry day. The day's low of 24,378, which also happens to be the opening level and from where the index bounced, will be key to watch on the downside. -Stocks to track: HUL, AU Small Finance Bank, United Spirits, VIP Industries, Birla Corp, Pidilite, Piramal Pharma, Sona BLW -Earnings: ACC, Colgate-Palmolive, CSB Bank, Cyient, DCB Bank, Dixon Technologies, Godrej Consumer, IEX, IndusInd Bank, ITC, Laurus Labs, MGL, Nippon Life, Oracle Financial, Petronet LNG, PNB Housing, Westlife Foodworld -GIFT Nifty was trading flat this morning vs Nifty Futures Wednesday's close, indicating a muted-to-positive start for the Indian market. –In terms of global cues, equities in Asia fell while the yen stabilized along with Treasuries after a selloff on Wednesday as traders scaled back bets on US interest-rate cuts. Japanese, South Korean and Australian shares as well as stock futures for Hong Kong all dropped Thursday following a 0.9% decline for the S&P 500 on Wednesday. The yen edged higher after touching the weakest level against the greenback since July. -Back in the US, big tech climbed in late hours as Tesla kicked off the “Magnificent Seven” earnings season with better-than-estimated results. The carmaker jumped 8% after reporting adjusted earnings above the average analyst estimate. The firm also said it expects to achieve slight growth in vehicle deliveries for the full year. -In commodities, oil rose after retreating on Wednesday, as traders assessed tensions in the Middle East and the outlook for market balances heading into 2025. Gold edged higher following its biggest daily drop in 11 weeks. Tune in to the Marketbuzz Podcast for more cues
Welcome to CNBC-TV18's Marketbuzz Podcast, here are top news from around the world ahead of the trading session of October 23 -While Monday's session brought volatility along with it, Tuesday was a one-way drop for the Nifty and the market overall as every crucial level was violated and every small bounce intraday was sold into. A close below the important level of 24,500 will also not please the bulls. ICICI Bank was the only index constituent that ended with some sort of gains. -The two-day fall has led to a cumulative erosion of ₹13.7 lakh crore worth of investor wealth. The Smallcap index, which had been rather resilient amidst the Midcap fall, declined 4% in a single session on Tuesday. Barring Dr. Lal Pathlabs, every single stock on the Smallcap index ended lower. -Today is the day of the Nifty Bank weekly expiry. -Stocks to watch: Bajaj Finance, Amber Enterprises, Can Fin Homes, ICICI Prudential, M&M Finance, Max Financial Services, Persistent Systems, Coforge, Zomato Earning: Hindustan Unilever, Bajaj Finserv, Birlasoft, Craftsman Automation, Godrej Properties, IIFL Finance, Karnataka Bank, Dr. Lal Pathlabs, MAS Financial, Metro Brands, Nuvoco Vistas, Sona BLW, TVS Motor, VIP Industries, Syngene, SBI Life Insurance, United Spirits, Piramal Pharma, Sagar Cements -GIFTNifty traded flat vs Nifty Futures' Tuesday's close, indicating a muted-to-positive start for the Indian market today. -In terms of global cues, Asian shares struggled for direction in early trade this morning, reflecting subdued risk appetite as traders mulled the prospect of less aggressive Federal Reserve interest rate cuts. Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July. -Overnight in the U.S., the S&P 500 and the Dow Jones Industrial Average ended Tuesday marginally lower, both posting a second straight day of losses. The S&P 500 ended the session lower by 0.05%, and it was the broad market index's first back-to-back loss since early September. The 30-stock Dow slid 0.02%, but the Nasdaq Composite rose 0.18%. -In commodities, oil fell as a US industry group signaled a rise in nationwide crude inventories, and the Biden administration renewed efforts to secure a cease-fire in the Middle East. Gold was little changed after climbing to a fresh record. Tune in to the Marketbuzz Podcast for more news and cues
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 22 -A rebound from lows for the Nifty 50 was short-lived on Monday as despite the best efforts from HDFC Bank and Reliance Industries, the index ended in the red, without any follow-up buying. For the 93 points contributed by the Nifty heavyweights to the upside, there was a team of Kotak Mahindra Bank, Infosys, IndusInd Bank, ICICI Bank and Tata Consumer Products to offset those gains. -Today, shares of Bajaj Housing Finance, 360 One WAM, City Union Bank, HFCL, Jana Small Finance Bank, Mahindra Logistics, Union Bank of India are some of the broader market names that will react to results. -Earnings: Bajaj Finance, Adani Energy Solutions, Adani Green, Amber Enterprises, Can Fin Homes, Chennai Petro, ICICI Prudential, Indus Towers, IIFL Securities, M&M financial, ICICI Securities, Persistent Systems, Coforge, Shoppers Stop, SRF, Varun Beverages, Zensar Technologies, Olectra Greentech, Zomato -GIFT Nifty was trading flat this morning vs Nifty Futures' Monday's close, indicating a muted-to-positive start for Indian market -Other stocks to track: Tata Motors, RVNL -Hyundai Motor India IPO lists today. Its grey market premium has declined to 2%, with shares now trading at a premium of Rs 48 as against the issue price of Rs 1,960. The IPO of Hyundai Motor India, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding last week, helped by institutional buyers. This is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. -Asian equities declined for a second day as Wall Street stocks took a breather after notching their longest weekly rally this year. Bonds tumbled on cooling expectations of Federal Reserve rate cuts. Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. That's after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs. -Overnight in the US, the S&P 500 fell 0.2% with all of its major groups but technology pushing lower. The Dow Jones Industrial Average slid 0.8%. Nvidia Corp. hit a record high, with the Nasdaq 100 up 0.2% -Oil prices fell this morning, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel. Tune in to Marketbuzz Podcast for more cues
Hyper-scaling in a highly competitive sector is not for the faint of heart. You need a team that is hitting on all cylinders—while adding new engines to increase horsepower and capabilities along the way. In the tech-world, you need to competitively unseat and outpace the other business-as-usual systems integrators—and help your clients build out next-generation systems that will allow them to transform their businesses too. After 17 straight quarters of growth, Persistent Systems, is one of the fastest growing global services and solutions company, with 23,000 employees who have tripled revenue to over $1.2B, while its market cap exploded from $700M to over $9.5B. Persistent CEO, Sandeep Kalra, joins us on this episode of The Reboot Chronicles, to unpack how he went beyond merely turning around the company after it hit a speed bump. After developing a new approach to growth, he and his new team rebooted the company through aggressive organic growth, smart acquisitions, and a deep roster of who's who partnerships. As our listeners know, Reboots must transform an organizations People, Platform, and Passion to be a long-term success—and Sandeep has done just that. Listen in to learn about his journey, as he continues to reboot Persistent into a multi-billion-dollar industry leader, through a positive leadership style, and a hands-on approach to growth—and blind spots that CEOs need to uncover about their businesses and AI.
The US and her allies are embracing the Multi-Domain Operations philosophy with the Joint All Domain Command and Control System is at the heart of this endeavour. Multi-Domain Operations, or MDO, focus on improving the pace and quality of decision-making at the expense of one's adversary. The goal is to navigate the famed OODA (Observe, Orient, Decide and Act) loop at a faster clip than your enemy. Get MDO right and you will always be proactive while your opponent is forced to be reactive. JADC2 The Joint All Domain Command and Control architecture, or JADC2, is the US Department of Defence's networking and computing project that will enable MDO. JADC2 will see the inter- and intra-force connection of all personnel, weapons, sensors, platforms, subsystems and capabilities at all levels of war. The undertaking is ambitious. Reports say that since 2022 the Pentagon has spent up to $2.6 billion on JADC2. A further $9 billion could be spent on the initiative before the end of the decade. In episode 15 of Armada's Radioflash! podcast we talk to Leslie Hulser, executive vice president, corporate strategy of Persistent Systems. We examine the status of JADC2, what this overarching effort has achieved to date, potential problems and shortcomings, and the work that still needs to be performed.
Keeping things simple can be a real headache when it comes to marketing. What's up with that? Seeking answers, we turn to Gurvinder Sahni, CMO of Persistent Systems. In this episode of Revenue Makers, Gurvinder shares how he cuts through the noise to deliver powerful, straightforward campaigns that drive results. You'll also hear about his Shark Tank-inspired approach to tech investments and his perspective on why balancing brand and growth is crucial for sustained success. So if you're interested in uncovering the importance of simplicity in marketing, gaining insights on how to avoid the martech trap, and learning how to use AI to stay ahead of the curve, this episode is for you. In this episode, you'll learn:Why simplicity is the cornerstone of effective marketing campaigns.Strategies for avoiding the martech trap and ensuring technology delivers value.The proper way to make the most of AI within marketing teams.Jump into the conversation:01:48 Simplicity in marketing.05:15 The martech trap.09:51 How to make strategic tech investments.14:59 Experiments with generative AI.
In this episode of the Trust Issues podcast, Debashis Singh and host David Puner explore the intricate world of digital transformation and identity security. Debashis, the Global CIO at Persistent Systems, shares his frontline insights on the singular challenges and strategies organizations face on their digital transformation journeys. The conversation highlights the importance of integrating identity security into digital initiatives, ensuring compliance – and protecting against the evolving cyber threat landscape.Debashis also discusses the delicate balance between innovation and security, the impact of AI on cybersecurity and the significance of organizational cyber awareness. Additionally, he talks about the role of generative AI in the industry and the potential risks it poses, such as sophisticated deepfake attacks and ransomware threats.This episode offers valuable perspectives on how businesses can navigate the complexities of digital transformation while maintaining robust security measures to safeguard their operations and identities.
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the top developments ahead of the trading session of July 19 -Quarterly results continue to remain the focus of the market. On July 18, there was a big IT-led recovery and after market hours Infosys posted a super first quarter earnings. -Technology stocks led the charge on the upside on Thursday with heavyweights Infosys and TCS being substantial contributors. Both combined contributed to nearly 50 points on the Nifty's 190-point surge on Thursday. Vital contributions also came from ICICI Bank and Reliance Industries. -Today, it possibly would be Infosys, that will be the biggest trigger for pushing the Nifty towards 25,000. The IT giant convincingly surpassed analyst estimates for the June quarter, raised its revenue growth guidance for financial year 2025 and also won deals worth $4.1 billion during the June quarter. The company's US-listed shares (ADRs) ended 8.3% higher overnight. -Other than Infosys, the other stock in focus on Friday will be Reliance Industries, as it will report results after market hours. The index heavyweight will see the reaction to its earnings next Monday, a day before the announcement of the Union Budget. -Other broader market names like Persistent Systems, Tata Technologies, L&T Technology Services, South Indian Bank, Dalmia Bharat, JSW Infra will also react to their results today. -Earnings: JSW Steel, ICICI Lombard, JSW Energy, Indian Hotels, UltraTech, Wipro, Paytm, Nippon Life AMC, Patanjali Foods, PVR Inox, Route Mobile, Tejas Networks -GIFTNifty was trading higher, up more than 10 pts from Nifty Futures Thursday close, indicating a start in the green for the Indian market. -Early today, Asian equities tracked US stocks lower for a second day as signs of economic weakness overwhelmed the market's optimism surrounding interest-rate cuts. Shares in Japan, South Korea and Australia dropped. -The S&P 500 fell 0.8% Thursday, extending a drop from the prior session and placing the benchmark on track for its largest weekly decline since April. The Nasdaq 100 fell 0.5%, while the Russell 2000 benchmark of US small companies fell 1.9%, continuing to pull back from a rally earlier in the week as investors rotated from large technology stocks. US equity futures edged higher early Friday. -Elsewhere, Joe Biden's grasp on the Democratic presidential nomination appeared to be slipping Thursday, as he weighed increasingly public warnings from his party's top lawmakers. -In commodities, oil edged lower in early Friday trading. Brent crude prices fell by half a percent to $84.50 a barrel. Spot gold too fell over half a percent to $2,430.57 an ounce. Tune in to the Marketbuzz Podcast for more cues
Today's podcast episode of The Banking & Payments Show discusses why financial literacy is so important in younger generations (Gen Z and Gen Alpha), not only for individuals but also for financial institutions and society. In ‘Headlines,' we examine Gen Z's low functional knowledge of personal finances and then shift gears for the ‘In Argument's Sake' segment to debate whether improving financial literacy among young people is outdated. Listen to the conversation as host, Rob Rubin, welcomes our analyst Maria Elm and Sumit Arora, Global Head of Consulting at Persistent Systems, to the podcast. Mentioned in this episode: https://moneytalkwitht.com/blog/gen-z-financial-literacy/ Follow us on Instagram at: https://www.instagram.com/emarketer/ For sponsorship opportunities contact us: advertising@emarketer.com. For more information visit: https://www.emarketer.com/contact/advertise/ Have questions or just want to say hi? Drop us a line at podcast@emarketer.com For a transcript of this episode click here: https://www.emarketer.com/content/podcast-banking-payments-show-why-gen-z-and-gen-alpha-financial-literacy-matters © 2024 EMARKETER As Target's retail media network, Roundel designs curated experiences to create a better connection between brands and Target guests. We offer both self- and managed-service solutions that help brands create moments that are relevant, trusted, and helpful. All backed by our first-party data and measurement that proves value. Find out more at roundel.com.
Hello and welcome to CNBC-TV18's Marketbuzz Podcast. Here are top cues to watch out ahead of the trading session of April 22 -On Friday in the U.S, the Nasdaq Composite and S&P 500 fell for a sixth straight session, notching their longest losing streak since October 2022. In contrast, the Dow Jones Industrial Average rose 0.56%, lifted by a rally of more than 6% in American Express following earnings. - This morning, Asia-Pacific markets rebounded from Friday's sell-off as investors look to fresh data points out of China, Japan and South Korea this week. -On Friday, markets in the region tumbled after Israel launched a strike at Iran, causing stocks to fall and safe-haven assets to climb. However, according to the BBC, Iran's President did not mention the most recent events in his Friday speeches. -Meanwhile, today, China's one-year and five-year loan prime rates were left unchanged at 3.45% and 3.95% respectively. The five-year LPR acts as the peg for most property mortgages. - The Nifty ended 150 points higher on a day the futures were pointing to a 350-points gap down on Friday. It also managed to close above the mark of 22,000. -Today the market will react to results from HDFC Bank which were reported on Saturday, while on Tuesday, the market will react to the other Nifty heavyweight Reliance Industries, which will report results after market hours on Monday. -Stocks to track: HDFC Bank, Wipro, Jio Financial Services, Aditya Birla Fashion, IREDA, Hero MotoCorp, Ramkrishna Forgings, Sterling & Wilson Renewables, Persistent Systems, Lupin, UltraTech Cement Tune in to Marketbuzz Podcast for more cues
Abhay is joined by the founder, chairman, and managing director of Persistent Systems, Anand Deshpande, for a conversation about everything from learning new skills to creating jobs to the transition away from being a CEO to legacy.(0:00 - 3:10) Introduction(3:10) Part 1 - learning new skills, helping build a biotech ecosystem(18:01) Part 2 - Anand's US journey, lessons from transitions away from being CEO(30:02) Part 3 - the thrill of giving, creating jobs, AI in mentorship(43:56) Part 4 - motivating a population, the identity of the Indian entrepreneur, legacy(55:08) Conclusion
Did you know Zscaler serves six of the top-10 private equity (PE) firms, along with their portfolio companies? Meanwhile, its strategic partner, Persistent Systems has co-driven security modernization projects for PE firms and their portfolio companies, delivering stellar outcomes. In this episode, two leaders in the PE space, Akshay Grover, Global PE Practice & Advisory Alliances Lead at Zscaler, and George Symons Vice President, Cloud Infrastructure and Security, Persistent Systems, explain how PE firms and their portfolio companies can reduce risks, foster a safer and more secure operating environment, and achieve better results.
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important cues ahead of today's market session -The domestic markets sold off across large and smallcaps yesterday. Sensex slipped more than 700 points while Nifty fell below the 22,000 level in the previous session. This was following a sell-off in index majors TCS, Infosys and Reliance and weak Asian trends as Japan's central bank hiked rates for the first time in 17 years. -All eyes are now on US' Federal Reserve as it is due to announce its interest rate decision later tonight. The two-day policy meeting kicked off yesterday. -Ahead of the FOMC meet tonight, US equities were higher. The Dow Jones Industrial Average gained 0.83%, marking its best day since Feb. 22, while the S&P 500 climbed half a percent for a fresh record. The Nasdaq Composite advanced 0.39%. -This morning, Asia-Pacific markets rose as investors digested the Bank of Japan's landmark shift in monetary policy while awaiting the U.S. Federal Reserve's interest rate decision. -Hong Kong's Hang Seng index slipped 0.51%, while the mainland Chinese CSI 300 was down 0.72% after the PBOC decision. In Australia, the S&P/ASX 200 rose 0.26%, a day after the country's central bank held rates at 4.35% for the third meeting in a row. - Oil is up another 0.6% to above $87 per barrel. -In the previous session, Nifty finally closed below the 40-day EMA. It must be noted Nifty made a low but none of the other indices (banks, mid/smallcap) made a lower low. Now for a bounce, Nifty needs to climb above 21,950 (20-hour average). Bank Nifty has fallen for 8 straight days, but did not make a lower low yesterday. Bank Nifty could retrace some of the fall today. - Stocks to track: Aditya Birla Sun Life AMC, Vodafone Idea, Aurobindo Pharma, TCS, Persistent Systems, YES Bank, UltraTech Cement, SBI Cards Tune in to the Marketbuzz Podcast for more cues
On this podcast episode, we explore the deployment of AI in payments in 2024. First, we discuss the most impactful use cases for AI in payments, such as fraud detection and prevention, false declines and purchase conversion, B2B payments, enhanced customer service, and digital wallets. In our "For Argument's Sake" segment, we rank these use cases in order of impact and debate our decisions. Join the conversation with host Rob Rubin, our analyst David Morris, and Angela Murphy, PhD, client partner at Persistent Systems. Follow us on Instagram at: https://www.instagram.com/insiderintelligence/ For sponsorship opportunities contact us: advertising@insiderintelligence.com For more information visit: https://www.insiderintelligence.com/contact/advertise/ Have questions or just want to say hi? Drop us a line at podcast@emarketer.com For a transcript of this episode click here: https://www.insiderintelligence.com/content/podcast-banking-payments-show-ai-payments-2024 © 2024 Insider Intelligence
Remember the days when it would take weeks, or even months, to get your results from medical tests? When a routine hospital checkup would take up the best part of a day? When doctors could be seen carrying great wads of paper notes as they made their patient rounds? It wasn't that long ago, but due to the pressures of COVID-19 and recent technological advancements, the healthcare industry is undergoing a profound revolution. From telemedicine to cutting-edge innovations in diagnostics and treatment and the use of robotics and automation in surgery, technology is fostering a new era of personalized medicine. It's an era centered around improving accessibility, efficiency and patient-centered care. One woman at the forefront of this technological revolution is Keerthi Harikrishnan, an expert in healthcare and life sciences with Persistent Systems. She joins our Digital Dish hosts to discuss some of the ways that emerging technology and data analytics are improving healthcare outcomes for both patients and medics. Listen in as Keerthi discusses her fascinating journey, from her passion for researching heart disease and lung cancer, to her current role at Persistent where she leverages the latest technologies to advance the understanding of human diseases. As a woman who has built a successful career in both science and tech, she shares some valuable advice and lessons learned for other women navigating careers in these fields.
I have always tried to meet and learn from the guests whom I host on my podcast SoS. But I was more than humbled when I had the pleasure of meeting Anand Deshpande, Persistent Systems. I had many questions which were on my mind since long, both about life and career. He was kind to hear some of my ideas and share his valuable inputs. Some of the lessons and wisdom were more than I could have hoped for. He shares some of it in this interview discussion where we talk everything from how he started his journey to what he does after joining the billionaires club, how the startup and entrepreneur culture in India is maturing and where we are headed as a country. --- Support this podcast: https://anchor.fm/secrets-of-storytellers/support
Digital Transformation is full of promise, and full of challenges. One of the biggest challenges is around cloud – when to use, and to what extent. This week's podcast has hosts Matt Kimball & Steve McDowell speaking with Dominique Bastos, Senior Vice President at Persistent Systems. In this episode, Dominique talks about what she sees with enterprise customers undergoing digital transformation, and how to find an on-prem/off-prem balance that drives best results for the business. Equally interesting is Dominique's perspective as a woman's journey through the tech ranks – from engineer to executive. Tune in for what may be our most interesting podcast yet! Dominique's profile: https://www.linkedin.com/in/dominiquebastos/ Persistent Systems: https://www.persistent.com/ Special Guest: Dominique Bastos.
This week on DisrupTV, we interviewed Dr. Anand Deshpande, Founder, Chairman and Managing Director of Persistent Systems, Satyen Sangani, CEO of Alation and Shanna Hocking, Leadership Consultant, Philanthropic Advisor, and author of One Bold Move a Day. DisrupTV is a weekly Web series with hosts R “Ray” Wang and Vala Afshar. The show airs live at 11:00 a.m. PT/ 2:00 p.m. ET every Friday. Brought to you by Constellation Executive Network: constellationr.com/CEN.
IBM yesterday beat analysts' estimates for its fiscal third quarter across software, consulting and infrastructure segments, and raised its growth projection for the full year, CNBC reports. The Competition Commission of India has pulled up MakeMyTrip, Goibibo and Oyo for anti-competitive behaviour, fining them $47 million in total; and mid-sized Indian IT services companies are reporting strong growth. Notes: IBM yesterday beat analysts' estimates for its fiscal third quarter across software, consulting and infrastructure segments, and raised its growth projection for the full year, CNBC reports. Earnings were $1.81 per share, adjusted, vs. $1.77 per share as expected by analysts, according to Refinitiv. Revenue was $14.11 billion, vs. $13.51 billion as expected by analysts. Revenue increased 6.5 percent from a year earlier, according to a statement, CNBC reports. “With our year-to-date performance, we now expect full-year revenue growth above our mid-single digit model,” CEO Arvind Krishna said in the statement. In July the company said it had expected growth at the high end of the estimate. India's competition regulator said on Wednesday that it had fined online hotel-booking companies MakeMyTrip and Goibibo and IPO-bound hotel chain Oyo a combined $47 million for anti-competitive behaviour, Economic Times reports. The Competition Commission of India (CCI) has been investigating the companies since 2019 following allegations by a hotel industry lobby that MakeMyTrip gave special treatment to SoftBank-backed Oyo on its platform. The CCI has directed MakeMyTrip and Goibibo to amend their market behaviour, fining them about $27 million. Oyo was fined $20 million, according to ET. Indian Web3 startups have grown to a 450+ community, with 4 unicorns, raising $1.3 billion in total investments, until April 2022, with 170 new Web3 startups registered in 2021-22, according to a press release from India's software industry lobby Nasscom. Currently, India is home to about 11 percent of the global Web3 talent, making the country the third largest Web3 talent pool in the world, according to Nasscom. Persistent Systems, Pune based Indian IT services company, hit the $1 billion annual revenue run rate in the September quarter, the company said in a press release yesterday. Persistent reported fiscal second-quarter revenues rose 40.2 percent year-on-year to $255.56 million. Revenue increased by 5.8 percent from the first quarter. Meanwhile, KPIT Technologies, a software engineering services specialist in the automotive sector raised its forecast for the full fiscal year that ends on March 31, 2023. “Q2FY23 performance has been better than expectations. We have a healthy pipeline with a couple of mega engagements expected to close in the coming 3-4 months,” Kishor Patil, co-founder, CEO and MD of the Pune-based company said in a statement. “We have thus raised our FY23 growth outlook to 31-32 percent. The organic growth outlook is 200+ bps higher than the higher end of the 18-21 percent outlook at the beginning of the year,” Patil said. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
We are delighted to launch Armada's new series of Military Communications podcasts. In our first episode we dive into the world of Multiple-In, Multiple-Out radio. Better known as MIMO, this innovative tactical communications technology is making its presence felt in the defence sector. However, you may be unaware of MIMO and how it operates? Jack Moore, vice president of business development for US special operations command and the US Army at Persistent Systems explains how this technology works. Persistent Systems is a leader in MIMO technology for the military and civilian markets.
In this episode we're talking about the latest in embedded finance. This technique incorporates complimentary financial services offers, such as insurance or credit through a technology platform, in a non-financial transaction. While some may dismiss offers like BNPL as modern layaway, its more about reducing the friction in the purchase process – while creating new revenue streams from interest and/or fees. This is fast becoming a disruptor for traditional banking channels, reducing utilization of traditional products like credit cards and unsecured loans. Listen as Karan Maini from Persistent Systems discusses how embedded finance is impacting credit unions, and what the future may hold for this strategy.
In this episode, ISG hosts Steve Hall and Karen Collyer talk to Sandeep Kalra, CEO of Persistent Systems. Together they discuss some of the post-pandemic economic trends impacting businesses: the Great Resignation, talent acquisition and retention, environmental sustainability and more. Kalra also shares his perspectives on how Persistent Systems remained resilient through the pandemic, achieving impressive growth over the past year. Listen in as he shares his experience of leading during the pandemic and the lessons he learned from the crisis.
If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser and Castbox. Sign up for the next DAC Bootcamp Follow me on Social Media:Amy on IGAmy on Facebook Resources:AmyLedin.comLean Bodies Consulting (LBC)LBC University Amy Ledin Bio: The Co-Owner and Operator at Lean Bodies Consulting. Amy Ledin has been in the online wellness space for over a decade. Her coaching in this space has led to her passion in helping women build strong personal integrity. Fighting cancer for now close to 7 years, Amy loves sharing her mindset hacks and strategies that helped her through her fight to not just be a survivor, but an overcomer.
For the first time ever on IEP, we are featuring two guests in one episode! Anand Deshpande is the Founder, Chairman, & Managing Director of Persistent Systems, a 30+ year organization focused on digital engineering and enterprise modernization. He also runs a nonprofit that helps entrepreneurs find success. Sandeep Kalra is Persistent's CEO & Executive Director and has grown the company impressively through the pandemic. Tune in to learn about the three things entrepreneurs need to succeed, how to leverage your data for decision-making, and what it takes to build a culture of transformation. See omnystudio.com/listener for privacy information.
For the first time ever on IEP, we are featuring two guests in one episode! Anand Deshpande is the Founder, Chairman, & Managing Director of Persistent Systems, a 30+ year organization focused on digital engineering and enterprise modernization. He also runs a nonprofit that helps entrepreneurs find success. Sandeep Kalra is Persistent's CEO & Executive Director and has grown the company impressively through the pandemic. Tune in to learn about the three things entrepreneurs need to succeed, how to leverage your data for decision-making, and what it takes to build a culture of transformation. See omnystudio.com/listener for privacy information.
Sneha Lundia Agrawal is the founder and CEO at Step2Growth, a marketing accelerator for early-stage startups, where they help technical founders build a promising marketing foundation. Sneha has also been awarded as one of the “Women of Influence in Silicon Valley” by Silicon Valley Business Journal, and she is part of the Founder Institute accelerator. So far Sneha has had 2 exits Sureline, acquired by Persistent Systems, and Spanugo, acquired by IBM. Check out Wifimilk.com/podcast for more info and content!
Sneha Lundia Agrawal is the founder and CEO at Step2Growth, a marketing accelerator for early-stage startups, where they help technical founders build a promising marketing foundation. Sneha has also been awarded as one of the “Women of Influence in Silicon Valley” by Silicon Valley Business Journal, and she is part of the Founder Institute accelerator. So far Sneha has had 2 exits Sureline, acquired by Persistent Systems, and Spanugo, acquired by IBM. Check out Wifimilk.com/podcast for more info and content!
Fag-end buying in public sector banks, IT, and metal counters ahead of the expiry of May derivatives contracts propelled the benchmark Nifty50 index to record closing high on Thursday. From an intra-day low of 15,272, the index leaped 66 points to settle at 15,338. Minutes before closing, the index hit a high of 15,384.5 levels. The BSE barometer of 30-shares, meanwhile, ended 98 points, or 0.19 per cent, higher at 51,115 levels as losses in HDFC, Bajaj Finance, HUL, and Bharti Airtel were offset by gains in Kotak Bank, Reliance Industries, TCS, Axis Bank, and State Bank of India. The index hit an intra-day high of 51,283. Overall, Shree Cement, SBI, Bajaj Auto, Kotak Bank, Tech Mahindra, Ultratech Cement, Axis Bank, and Tata Steel were the top large-cap gainers, up between 2 per cent and 4 per cent, while HDFC, Bajaj Finance, ONGC, Bharti Airtel, and Indian Oil Corporation were the top laggards, down up to 2.7 per cent. The rally in the broader market space continued unabated. The S&P BSE MidCap index added 0.54 per cent while the SmallCap counter gained 0.34 per cent. Sectorally, the Nifty PSU Bank remained the top performing index on the NSE today, up around 3 per cent. This was followed by the Nifty IT index which grew 1.2 per cent. Earlier in the day, Wipro, Birlasoft, Coforge, Firstsource Solutions, Mindtree, Persistent Systems and Sonata Software hit their respective record highs in the intra-day trade while Tata Consultancy Services (TCS), Tech Mahindra, Infosys, HCL Technologies and Larsen & Toubro Infotech advanced in the range of 1 per cent to 3 per cent. The Nifty Bank, Private Bank, and Metal indices, too, added between 1 per cent and 1.2 per cent. On the downside, the Nifty Realty and Pharma indices slipped 1 per cent and 0.2 per cent, respectively. Global markets World stocks were pinned down on Thursday as investors awaited US data expected to offer clues on inflation. The Euro STOXX 600 lost 0.2 per cent, with German shares down 0.5 per cent and London's main index making slim losses. France gained 0.1 per cent. The MSCI world equity index, which tracks shares in 49 countries, was flat. Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan clawed back losses to trade flat at 695.37. Japan's Nikkei, South Korea's Kospi, and Hong Kong's Hang Seng slipped 0.3 per cent, 0.1 per cent, and 0.2 per cent, respectively. A look at the top developments and buzzing stocks of the day: >> Shares of Bharat Petroleum Corporation Limited (BPCL) rose 4 per cent and hit a 52-week high of Rs 488 on the BSE in intra-day trade on Thursday after the state-owned oil marketing company's board recommended a final dividend of Rs 58 per equity share, including one-time special dividend of Rs 35 per equity share for the financial year ended March 31, 2021. In the past one month, the stock has outperformed the market by gaining 15 per cent, as compared to 5.5 per cent rise in the S&P BSE Sensex. The stock, however, erased all the gains and ended 0.75 per cent lower after a Reuters report said the PSU's divestment could be pushed back by a quarter to December 2021. >> Those of Sun Pharma ended 0.5 per cent lower ahead of the announcement of its March quarter results. The pharma company, in a post-market hour development, reported net profit of Rs 894 crore, much lower than Street estimates of Rs 1,443 crore. >> Earlier in the day, Strides Pharma and Cadila Health, each, reported net profit of Rs 46 crore and Rs 679 crore, respectively. >> Meanwhile, Paytm, India’s leading digital payments provider, is aiming to raise about Rs 21,800 crore ($3 billion) in an initial public offering late this year, a Bloomberg report said. If successful, Paytm’s initial share sale would surpass Coal India Ltd.’s offering, which raised more than Rs 15,000 crore in 2010 in the country’s largest IPO so far. The One97 board is expected to meet this Friday to formally approve the IP
Does having the right board matter to a startup's success?Anand Deshpande, Founder and Chairman of Persistent Systems, answers this question and some more on our latest episode of #BehindTheScenes podcast.Here are some of the key points we cover:1. Role of a board member in a startup2. Tips on structuring board meetings3. Learning to handle complex board dynamics#India #EntrepreneurshipWhen it comes to #startups, there is no fast track to #success. Almost all startup teams go through a variety of crises and challenges Behind The Scenes. Having been a part of many startup journeys over the last decade at Kalaari, we believe that there are valuable lessons to be gained from the journeys of others. These episodes from Kalaari come from our continued commitment to empower and encourage #entrepreneurship.If you have any suggestions, please reach out to us at podcasts@kalaari.com. We would love to hear from you.For more podcasts, visit our website- https://www.kalaari.com/podcast
Dr Anand Deshpande is the Founder and Chairman of Persistent Systems, a global technology services company headquartered and publicly listed in India. If you want to learn about building and growing an Indian public listed company over 30 years, developing careers and how to live a fulfilling life in an hour, you don't want to miss this episode. You can reach Anand at _at_.
In this episode, Keith Landis talks about the fascinating journey of a Chief Marketing Officer (CMO) and his experience with rebranding. He details what tasks his role as CMO at Persistent Systems has consisted of during the past year and breaks down his approach to rebranding a 30 year old legacy brand. Keith speaks on the significance of culture in rebranding any organization and shares what lessons he’s learned from transitioning to a smaller company after working in large companies for many years. He divulges his simple, yet powerful framework for executing a rebranding initiative and offers expert advice for people who are looking to become a CMO. Contact Keith Landis | Follow us on LinkedIn.
The Indian markets plunged over 2 and half per cent in yesterday's session amid a global sell-off. Today, however, the SGX Nifty is indicating a positive start for the indices at 11,750-odd levels, up 60 points although global cues continue to remain weak to mixed. On Wall Street, the Dow Jones fell 0.07 per cent, the S&P 500 0.15 per cent and the Nasdaq dropped 0.47 per cent as investors feared that a resurgence in coronavirus cases and a lack of additional US fiscal stimulus would hobble the world economy. Asian stocks also came under pressure on Friday with Australia's ASX 200 and Japan's Nikkei down 0.06 per cent each. Korea's Kospi dipped 0.3 per cent. However, Hong Kong's Hang Seng index gained 0.4 per cent in early deals. Back home, given the volatility in the markets, investors might focus on stock-specific approach, while also tracking corporate results, Rupee's trajectory and Covid-related newsflow. On the results front, IT services firm Mindtree yesterday posted a net profit of Rs 254 crore, a jump of 88 per cent year-on-year, in the September quarter of FY21. A cost-saving of around Rs 128 crore in other expenses helped the firm beat estimates, apart from operational efficiencies. A total of six companies, including HCL Tech, Bajaj Consumer Care, and Federal Bank are scheduled to announce their quarterly earnings today. Moreover, 11 other companies, including HDFC Bank, are scheduled to announce their numbers on Saturday. Like its peers, Infosys and TCS, HCL Tech is also expected to report healthy numbers for the quarter under review especially since in a mid-quarter update, the company's management had said that the revenue and the operating margin for the July-September quarter were expected to be meaningfully better than the top end of the guidance it had provided in July’2020. Meanwhile, HDFC Bank is expected to report a sub-20 per cent YoY growth in net profit for the third consecutive quarter. On Thursday, India registered a rise of 60,439 new Covid cases, taking the total count to 73.65 lakh, according to worldometer. The death toll, meanwhile, reached 1.12 lakh. IT firm Persistent Systems might trade actively today after the company announced that it will acquire Palo Alto-based Capiot. And now a quick look at other top news. Equitas Small Finance Bank has fixed the price band for its over Rs 500 crore IPO at Rs 32-Rs 33 per equity share. The offer opens on October 20 and closes on October 22. After contracting for six straight months, India’s exports rose 6 per cent to $27.58 billion in September on account of growth in shipments of drugs and pharmaceuticals and readymade garments. Exports stood at $26.02 billion in September 2019. The country's imports, meanwhile, declined 20 per cent to $30.31 billion in September.
We see the pace of automation and digitization accelerating day by day. While it is growing in different industries, at the same time, it is also helping the businesses of today become more resilient. The development in different automation technologies such as machine learning, blockchain technology, IoT, and data analytics coming together are accelerating each other. The rise of automation has been making people develop a series of skill sets to strive in the same. You cannot spend a single day without being amazed by the wonders of these new technologies. In this episode, we interact with Dr. Pandurang Kamat, Chief Technology Officer of Research and Innovation at Persistent Systems. He shares his experience in research, development, and innovation. He talks about how technology helps in building resilience in a company and helps in enhancing empathy. He also shares some facts about data design, cybersecurity, and automation as the key to building firms. You can connect with Pandurang on twitter @pandurangkamat. Don't forget to subscribe to our show and share your comments on ads@avantika.edu.in.
In this Episode of Industry Intellect Series, Mr. Rahul Sudame (https://www.linkedin.com/in/rahulsudame/), Delivery Partner at Persistent Systems will be sharing the overview of Banking, Financial Services and Insurance Industry.
The Indian stock market ended around 0.5 per cent lower on Monday, mainly on selling in financial counters. Financial stocks took a beating after the Reserve Bank of India (RBI) in the bi-annual Financial Stability Report (FSR) released on Friday, said the gross NPA ratio of banks may increase from 8.5 per cent in March to 12.5 per cent by March 2021 under the baseline scenario, but it could worsen to as much as 14.7 per cent under a “very severely stressed scenario. The S&P BSE Sensex fell 194 points or 0.51 per cent to settle at 37,935 while NSE's Nifty ended at 11,132, down 62 points, or 0.56 per cent. India VIX surged over 2 per cent to 25.05 levels. Among individual stocks, HDFC Bank ended over 3.5 per cent lower at Rs 1,079 on the BSE after its managing director and chief executive officer Aditya Puri sold off nearly 95 per cent of his stake in the bank valued at Rs 842.7 crore. ICICI Bank tanked over 6 per cent to Rs 358.50 on the BSE after the private sector lender posted 14 per cent rise in profit before tax (PBT) at Rs 3,183 crore in the quarter ended June 2020 (Q1FY21). Asian Paints advanced nearly 4 per cent to Rs 1,778 on the BSE on Monday in an otherwise weak market on sharper than expected recovery and healthy commentary. Persistent Systems ended nearly 11 per cent higher at Rs 857 after the company reported a strong set of numbers for the quarter ended June 2020 (Q1FY20). In the broader market, the S&P BSE MidCap index slipped 1 per cent to 13,565 levels while the S&P BSE SmallCap index ended at 12,840, down 1 per cent. Sectorally, Nifty Bank plunged 813 points or 3.6 per cent to 21,849 levels. On the other hand, Nifty IT gained nearly 2 per cent to 17,627 while Nifty Metal ended at 2,094.40, up 0.33 per cent.
Enterprises globally have deployed different playbooks to minimize the impact of the pandemic, adapt to new circumstances, accelerate recovery, and orchestrate growth. Businesses have had to adopt liquidity planning and cash conservation, enable modernization of infrastructure, rethink demand generation to sustain while focusing on product, captive, and functional carve outs, territory and service line expansions, Intelligent Automation, and M&As to evolve and prosper. Enterprises operated amidst unknown unknowns. In this episode, Sandeep Kalra, President of Technology Services at Persistent Systems and Pari Natarajan, CEO, Zinnov discuss how businesses can plan for such uncertainties in the future, the various innovative business models that can help them variabilize technology development costs, and the different strategies that companies can deploy to become more resilient.
Ken Montgomery has had no run-of-the-mill life. Ken grew up in Bay Area and found his way to Tulane for a year of college before the price sent him back to the Bay Area. After some junior college and work experience, Ken enrolled at UC Berkeley. Once again, Ken dropped out (in good standing) to enter the workforce. Ken found a love of Public Relations and after a few PR jobs ended up as the VP of Global Brand and Engagement for Persistent Systems, a 10,000 person company headquartered in India. Recently, Ken decided to go back and finish his degree and has just graduated from UC Berkeley 25 years after initial enrollment. I hope you all enjoy Ken's stignatious attitude as much as I do!
The Top Entrepreneurs in Money, Marketing, Business and Life
Vinay is CEO and co-founder of Altizon Systems. He has 15+ years of varied experience across sales, marketing, engineering and product management. Prior to Altizon he was VP Sales at Persistent Systems. He led Persistent Systems sales activities in the U.S. North East and also set up the APAC sales team. Vinay began his career in engineering and rose up the engineering ladder to be a center head for a US based captive. He holds 4 US patents on work related USB, wireless and code security. Vinay holds a Masters degree in Computer Science from University of Southern California, LA and a Bachelors degree in Computer Engineering from University of Pune. He is a Charter Member of TiE Pune.
Indian benchmark indices are likely to open lower on Wednesday following negative sentiment in the global markets. Asian shares declined after US Federal Reserve policymakers tempered expectations of further rate cuts. Moreover, oil prices rose over 1 percent today after US crude stockpiles fell more than expected. Indian benchmark indices rose nearly 1 percent snapping a two-day losing streak led largely by bluechip stocks. The broader NSE Nifty closed up 0.83 percent at 11,796.45, while the benchmark BSE Sensex ended 0.8 percent higher at 39,434.94. At 7.14 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 26.5 points, or 0.22 percent, lower, pointing to a negative start for the Sensex and the Nifty 50. Stocks to watch: DHFL, Reliance Power, Persistent Systems in focus.
Here's how a global expert at product management and business strategy is digitally transforming legal tech and global mobility Edwin Cohen, Author Editor Global Business, GLOBAL HR NEWS Broadcast Host, GLOBAL RADIO TALK SHOW Date: June 23, 2019 Meet Mr. Viraj Phanse- Product Management, Go-To-Market, Business Strategy; San Francisco Bay Area. Typically, immigration law firms and global mobility teams at leading corporations send documents such as retainer agreements, privacy policy documents, immigration documents to their clients for signatures via either email or physical mail. This process is not efficient and secure, and leads to a loss of millions of dollars globally. Viraj Phanse, an internationally recognized product management and business strategy expert at INSZoom.com, the leader in immigration case management space, saw these challenges and solved this problem through an original and innovative product that he conceptualized, built and launched globally, the INSZoom-DocuSign integration product. This landmark product has digitally transformed the immigration space and has made the e-signing process efficient for law firms and global mobility teams. This solution developed under the leadership of Viraj will not only save millions of dollars for the law firms and global mobility teams across the globe, but bring in about 95% more efficiency and at the same time more profitability and customer satisfaction as now paralegals and global mobility experts can focus on customers and prospects rather than worrying about getting the documents signed. Docusign-INSZoom integration is getting a lot of recognition. Even global executives and leaders could personally and professionally connect with the product and the value Viraj has brought in. As said by Darren Libby, Vice President at Docusign, “This is a great story of a new DocuSign Partner building a great integration with DocuSign eSignature. I used INSZoom myself for my L1 move from Canada to the US! Thanks Viraj Phanse from INSZoom and Scott Fisher from DocuSign, and everyone else involved!” Only an expert like Viraj can set up such an innovative partnership within just a few weeks with DocuSign, the gold standard for e-signature and get this product to market in just a couple of months. Viraj is globally recognized for his digital transformation expertise and this can be seen from his past professional achievements. At a startup called Aerospike, he helped launch real time charging and billing solutions through partnerships with leading global telecom players by devising an original OEM solution which involved embedding Aerospike database in these solutions and helped digitally transform the global telco space. This solution helped these telcos save millions of dollars and reduce latency in the digital transactions. Prior to that, he has led innovative projects at companies like Persistent Systems and built first of its kind products like data and cybersecurity solutions for enterprises. An expert at bigdata, analytics and cloud, he is the Rutgers BigData Advisory Board member. This invitation only board has top level global executives from companies like Salesforce, Tesla, IDEO, Microsoft, LinkedIn, Google, GM, Prudential Life, Verizon, Merck, TIG, Johnson & Johnson, and Morgan Stanley. These are individuals who are internationally renowned product and business experts in data and analytics who have a demonstrated record of outstanding achievements. This is an amazing segue into the other innovation by Viraj that has leveraged data and analytics to digitally transform the legal tech industry. He has led the development and launch of a datawarehouse as a managed service solution at INSZoom.com. This impactful product helps law firms and global mobility teams convert data into business assets and run reports that help increase the operational efficiency and provide insights ...
As founders of the iconic Barefoot Wine brand (eventually acquired by E&J Gallo), Michael Houlihan and Bonnie Harvey are two of the most highly sought-after workshop leaders, keynote speakers, and interview guests on business and executive topics. The two routinely appear on radio, podcasts and television outlets including ABC, NBC, CBS, Fox, and Bloomberg; and are frequently quoted and interviewed on professional and national publications including Forbes, Entrepreneur, The Huffington Post, AMEX Open Forum, and Costco Connection. Their bi-monthly business articles are published by The Business Journals in 43 cities, and are Advisors & Contributing Editors to the C-Suite Network . Michael & Bonnie speak internationally for corporations, conferences, universities and symposiums including SOCAP (Society of Consumer Affairs Professionals in Business), The World Conference on Entrepreneurship (ICSB) in Dublin, Ireland, The Conference Board’s Consumer Experience Symposium in NYC, The C-Suite Conferences, Persistent Systems, Liberty Tax, Retail Packaging Association, Renaissance Executive Forums, and over 60 universities that teach entrepreneurship. Audiences worldwide attend Michael and Bonnie’s speeches to hear about their incredible journey as entrepreneurs and to learn about their unique “Barefoot Spirit” sales-driven culture and approach, which helped to establish the Barefoot brand as one of the most recognizable wine brands globally. Most recently, Michael and Bonnie have further adapted their teachings and launched the “Barefoot Startup” (#barefootstartup) movement, which encourages lean, early stage startups to adopt key bootstrapping tenets and sales-driven principles and tactics. Today, their timeless Barefoot business principles and proven strategies are utilized by both startups and large enterprises. Michael & Bonnie are highly recommended by business leaders and professors of entrepreneurship as inspirational speakers and entrepreneurial thought leaders. Michael & Bonnie previously co-authored the New York Times bestselling business book, The Barefoot Spirit: How Hardship, Hustle, and Heart Built Americas #1 Wine Brand, which is recommended reading for the CEO Library in CEO Forum, chronicles their humble beginnings in a laundry room in 1986 to their creation of an international bestselling wine brand. With virtually no money and no wine industry experience, they employed innovative ideas and strategic alliances to overcome obstacles and create new markets. They pioneered Worthy Cause Marketing and performance-based compensation, and took a comprehensive view of customer service. Their latest book, The Entrepreneurial Culture, 23 Ways to Engage and Empower Your People, was featured in Jeff Hayzlett’s C-Suite TV Network launch and The C-Suite Book Club. JJ Flizanes is an Empowerment Strategist and the host of several podcast shows including Fit 2 Love and Spirit, Purpose & Energy. She is the Director of Invisible Fitness, an Amazon best-selling author of Fit 2 Love: How to Get Physically, Emotionally, and Spiritually Fit to Attract the Love of Your Life, and author of Knack Absolute Abs: Routines for a Fit and Firm Core. She was named Best Personal Trainer in Los Angeles for 2007 by Elite Traveler Magazine. JJ has been featured in many national magazines, including Shape, Fitness, Elegant Bride, and Women’s Health as well as appeared on NBC, CBS, Fox 11, the CW and KTLA. Her newest book, The Invisible Fitness Formula: 5 Secrets to Release Weight and End Body Shame debuted at #2 on the Amazon Best Seller List for Women’s Health – get your free copy at jjflizanes.com/book Doug Sandler is an entrepreneur and industry leader. His book, Nice Guys Finish First is a #1 ranked Amazon Best Seller. As a podcast host of The Nice Guys, Doug has interviewed, Gary Vaynerchuk, Arianna Huffington and dozens of celebs. Doug is a nationally recognized speaker, writer, and founder of TurnKey Podcast Company, providing podcast production, editing and launch services. His Nice Guys podcast, with over 800 episodes has been downloaded 2.5 million times, in more than 175 countries.
As founders of the iconic Barefoot Wine brand (eventually acquired by E&J Gallo), Michael Houlihan and Bonnie Harvey are two of the most highly sought-after workshop leaders, keynote speakers, and interview guests on business and executive topics. The two routinely appear on radio, podcasts and television outlets including ABC, NBC, CBS, Fox, and Bloomberg; and are frequently quoted and interviewed on professional and national publications including Forbes, Entrepreneur, The Huffington Post, AMEX Open Forum, and Costco Connection. Their bi-monthly business articles are published by The Business Journals in 43 cities, and are Advisors & Contributing Editors to the C-Suite Network . Michael & Bonnie speak internationally for corporations, conferences, universities and symposiums including SOCAP (Society of Consumer Affairs Professionals in Business), The World Conference on Entrepreneurship (ICSB) in Dublin, Ireland, The Conference Board’s Consumer Experience Symposium in NYC, The C-Suite Conferences, Persistent Systems, Liberty Tax, Retail Packaging Association, Renaissance Executive Forums, and over 60 universities that teach entrepreneurship. Audiences worldwide attend Michael and Bonnie’s speeches to hear about their incredible journey as entrepreneurs and to learn about their unique “Barefoot Spirit” sales-driven culture and approach, which helped to establish the Barefoot brand as one of the most recognizable wine brands globally. Most recently, Michael and Bonnie have further adapted their teachings and launched the “Barefoot Startup” (#barefootstartup) movement, which encourages lean, early stage startups to adopt key bootstrapping tenets and sales-driven principles and tactics. Today, their timeless Barefoot business principles and proven strategies are utilized by both startups and large enterprises. Michael & Bonnie are highly recommended by business leaders and professors of entrepreneurship as inspirational speakers and entrepreneurial thought leaders. Michael & Bonnie previously co-authored the New York Times bestselling business book, The Barefoot Spirit: How Hardship, Hustle, and Heart Built Americas #1 Wine Brand, which is recommended reading for the CEO Library in CEO Forum, chronicles their humble beginnings in a laundry room in 1986 to their creation of an international bestselling wine brand. With virtually no money and no wine industry experience, they employed innovative ideas and strategic alliances to overcome obstacles and create new markets. They pioneered Worthy Cause Marketing and performance-based compensation, and took a comprehensive view of customer service. Their latest book, The Entrepreneurial Culture, 23 Ways to Engage and Empower Your People, was featured in Jeff Hayzlett’s C-Suite TV Network launch and The C-Suite Book Club. JJ Flizanes is an Empowerment Strategist and the host of several podcast shows including Fit 2 Love and Spirit, Purpose & Energy. She is the Director of Invisible Fitness, an Amazon best-selling author of Fit 2 Love: How to Get Physically, Emotionally, and Spiritually Fit to Attract the Love of Your Life, and author of Knack Absolute Abs: Routines for a Fit and Firm Core. She was named Best Personal Trainer in Los Angeles for 2007 by Elite Traveler Magazine. JJ has been featured in many national magazines, including Shape, Fitness, Elegant Bride, and Women’s Health as well as appeared on NBC, CBS, Fox 11, the CW and KTLA. Her newest book, The Invisible Fitness Formula: 5 Secrets to Release Weight and End Body Shame debuted at #2 on the Amazon Best Seller List for Women’s Health – get your free copy at jjflizanes.com/book Doug Sandler is an entrepreneur and industry leader. His book, Nice Guys Finish First is a #1 ranked Amazon Best Seller. As a podcast host of The Nice Guys, Doug has interviewed, Gary Vaynerchuk, Arianna Huffington and dozens of celebs. Doug is a nationally recognized speaker, writer, and founder of TurnKey Podcast Company, providing podcast production, editing and launch services. His Nice Guys podcast, with over 800 episodes has been downloaded 2.5 million times, in more than 175 countries.
As founders of the iconic Barefoot Wine brand (eventually acquired by E&J Gallo), Michael Houlihan and Bonnie Harvey are two of the most highly sought-after workshop leaders, keynote speakers, and interview guests on business and executive topics. The two routinely appear on radio, podcasts and television outlets including ABC, NBC, CBS, Fox, and Bloomberg; and are frequently quoted and interviewed on professional and national publications including Forbes, Entrepreneur, The Huffington Post, AMEX Open Forum, and Costco Connection. Their bi-monthly business articles are published by The Business Journals in 43 cities, and are Advisors & Contributing Editors to the C-Suite Network . Michael & Bonnie speak internationally for corporations, conferences, universities and symposiums including SOCAP (Society of Consumer Affairs Professionals in Business), The World Conference on Entrepreneurship (ICSB) in Dublin, Ireland, The Conference Board’s Consumer Experience Symposium in NYC, The C-Suite Conferences, Persistent Systems, Liberty Tax, Retail Packaging Association, Renaissance Executive Forums, and over 60 universities that teach entrepreneurship. Audiences worldwide attend Michael and Bonnie’s speeches to hear about their incredible journey as entrepreneurs and to learn about their unique “Barefoot Spirit” sales-driven culture and approach, which helped to establish the Barefoot brand as one of the most recognizable wine brands globally. Most recently, Michael and Bonnie have further adapted their teachings and launched the “Barefoot Startup” (#barefootstartup) movement, which encourages lean, early stage startups to adopt key bootstrapping tenets and sales-driven principles and tactics. Today, their timeless Barefoot business principles and proven strategies are utilized by both startups and large enterprises. Michael & Bonnie are highly recommended by business leaders and professors of entrepreneurship as inspirational speakers and entrepreneurial thought leaders. Michael & Bonnie previously co-authored the New York Times bestselling business book, The Barefoot Spirit: How Hardship, Hustle, and Heart Built Americas #1 Wine Brand, which is recommended reading for the CEO Library in CEO Forum, chronicles their humble beginnings in a laundry room in 1986 to their creation of an international bestselling wine brand. With virtually no money and no wine industry experience, they employed innovative ideas and strategic alliances to overcome obstacles and create new markets. They pioneered Worthy Cause Marketing and performance-based compensation, and took a comprehensive view of customer service. Their latest book, The Entrepreneurial Culture, 23 Ways to Engage and Empower Your People, was featured in Jeff Hayzlett’s C-Suite TV Network launch and The C-Suite Book Club. JJ Flizanes is an Empowerment Strategist and the host of several podcast shows including Fit 2 Love and Spirit, Purpose & Energy. She is the Director of Invisible Fitness, an Amazon best-selling author of Fit 2 Love: How to Get Physically, Emotionally, and Spiritually Fit to Attract the Love of Your Life, and author of Knack Absolute Abs: Routines for a Fit and Firm Core. She was named Best Personal Trainer in Los Angeles for 2007 by Elite Traveler Magazine. JJ has been featured in many national magazines, including Shape, Fitness, Elegant Bride, and Women’s Health as well as appeared on NBC, CBS, Fox 11, the CW and KTLA. Her newest book, The Invisible Fitness Formula: 5 Secrets to Release Weight and End Body Shame debuted at #2 on the Amazon Best Seller List for Women’s Health – get your free copy at jjflizanes.com/book Doug Sandler is an entrepreneur and industry leader. His book, Nice Guys Finish First is a #1 ranked Amazon Best Seller. As a podcast host of The Nice Guys, Doug has interviewed, Gary Vaynerchuk, Arianna Huffington and dozens of celebs. Doug is a nationally recognized speaker, writer, and founder of TurnKey Podcast Company, providing podcast production, editing and launch services. His Nice Guys podcast, with over 800 episodes has been downloaded 2.5 million times, in more than 175 countries.
Studies show 70 percent of human health is dependent on lifestyle while only 4 percent is spent on healthy behaviour. A disproportionate amount is spent on taking care of us when we are sick and on hospital bills. That money should actually be spent on keeping people out of the hospital. Anand Deshpande, CEO and founder of Persistent Systems, shares his thoughts on the role technology can play in shifting the focus from critical care to healthcare. While the integration of AI technology in medicine and healthcare will add extensively to the development and emergence of new possibilities, it also faces certain challenges. Tune in to find out more.
In this podcast Shane Hastie, Lead Editor for Culture & Methods, spoke to Bernie Maloney of Persistent Systems about servant leadership and bringing out human potential. Why listen to this podcast: - Servant leadership is about creating a space through which other people can succeed and stepping back to let them do so. It matters because it requires empathy and compassion. - Organizations that don’t change to the new ways of working are being disrupted out of existence - Teams need to learn new ways of working, especially collaboration over individual specialization - There are no models and structures in place to help leaders make the jump to letting go and trusting their teams to do the work – this is new territory. More on this: Quick scan our curated show notes on InfoQ https://bit.ly/2OcVejX You can also subscribe to the InfoQ newsletter to receive weekly updates on the hottest topics from professional software development. bit.ly/24x3IVq Subscribe: www.youtube.com/infoq Like InfoQ on Facebook: bit.ly/2jmlyG8 Follow on Twitter: twitter.com/InfoQ Follow on LinkedIn: www.linkedin.com/company/infoq Check the landing page on InfoQ: https://bit.ly/2OcVejX
Sudhir Kulkarni, President of Sales at Persistent Systems, sat down with host Jeffrey Hayzlett to talk about the current state of technology and what companies need to do to have a successful digital transformation. Kulkarni says that “disruption is here to stay and it will only keep enhancing and increasing,” but also emphasizes that humans aren’t being taken out of the equation. Moreso, humans are being made more intelligent by the use of machines, creating more of a hybrid approach to digital transformation. In order for digital transformation to have an impact on customers, companies need to create experiences that are immediate, interconnected and that involve the community. Kulkarni tells Hayzlett that companies need to engage with both their customers and employees in order to be more forward-thinking and that disruption will continue happening. He adds, “Either you disrupt to prevent going to an extinction mode or you disrupt to be able to go into a new market.” This podcast is brought to you by Liberty Tax. Learn more about your ad choices. Visit megaphone.fm/adchoices
Anand Deshpande, 55, and the founder of Pune-based Persistent Systems has been an outlier for nearly three decades. Since he founded Persistent in 1990, he has watched lucrative opportunities in low-end software services come and go across different cycles. Over years, he’s steered Persistent away from low-end outsourcing business towards high-end software product development work for the likes of IBM and so on. With revenues of nearly $500 million in 2017, it’s been a long, slow journey for Persistent and Deshpande, a former Hewlett Packard engineer. “It’s not so much about founders. What everybody needs to learn is how to delegate, and that’s a very tricky part for the founders because by mentality all of us believe we know how to do things, and we find it difficult to believe somebody else could do the same thing,” he says. “There’s a little bit of arrogance that most founders have, including me. How to delegate is the biggest challenge.” As I sat down with him for this episode of Outliers, I listened to some great insights about building a startup, failing, creating a culture of ownership, and finally, the need to let go the founder’s mentality when required. And, more importantly, the founding team keeps changing with every cycle. “Every transition is traumatic, but you have to stay on. When a company starts to taper down because of either incumbency of business model or other reasons, you must find a new model. We are in the fourth phase right now at Persistent.”
In this episode of the IoT Time Podcast, Ken Briodagh, editorial director of IoT Evolution (iotevolutionworld.com), sits down with Anand Deshpande, Founder and CEO of Persistent Systems (www.persistent.com), to talk about his company's partnership with IBM to create the future IoT technology that will lead to truly intelligent machines. Tweet us @KenBriodagh and @IoTEvolution.