Latest news with #Subramanian
The Hindu
2 days ago
- General
- The Hindu
For 25 years, octogenarian donates study materials for school students in Ranipet
As part of celebrating the silver jubilee year of service, octogenarian N. Subramanian and his wife donated a set of supporting study materials, including the Thirukkural, a dictionary, an atlas and a moral poem book to freshers who joined government panchayat union schools in Vannakkambadi and Ramapalayam villages in Ranipet. According to a press release, despite their fragile age, the couple took time to visit two government schools in these villages to donate study materials for students. Being a native of Vannakkambadi village, Mr. Subramanian used to donate 20 books to the government school for years before he extended his service to the school in a neighbouring village. During the visit, the couple also learnt from the headmistress of the school that 20 books donated by them for pre-school were instrumental in upskilling the students and helped them bring the award and special honour to her and the school.
New Indian Express
6 days ago
- Business
- New Indian Express
AI revenues have grown this quarter: TCS COO
BENGALURU: Tata Consultancy Services's the growth for the June quarter was led by AI & Data, TCS Interactive and cyber security. Though the company did not quantify specific revenues from AI, top executives in an interaction with the media said, from the new-age service line perspective, all offerings--AI, data & cyber security--have grown well in the June quarter and that the company is witnessing strong demand from its customers. "Customers are investing in industry-specific solutions. AI for modernisation is coming across as a strong theme because Gen AI is now becoming the tool to really understand the legacy code," said Aarthi Subramanian, Executive Director - President and Chief Operating Officer, TCS. Subramanian, who is the first woman COO at TCS, took charge from May this year. She said the company's AI revenues have grown in Q1.
Yahoo
6 days ago
- Entertainment
- Yahoo
Sean 'Diddy' Combs' Sentencing Date Set For Fall
A sentencing date has been set for Sean 'Diddy' Combs following his federal conviction. According to CNN, the 55-year-old will learn his fate on Oct. 3, 2025, after being found guilty on two federal counts of transporting women across state lines for the purpose of prostitution. The decision, made on Tuesday (July 8), came after Combs' legal team requested an expedited hearing process from Judge Arun Subramanian, asking for a September date, the aforementioned date before coming to an agreement. Combs faces up to 10 years in prison on each count. As reported by Rolling Stone, his defense team is reportedly pushing for the minimum sentence of 21 to 27 months behind bars. The prosecution, however, said the sentencing guidelines called for 51 to 63 months imprisonment, and noted it would likely be seeking an even longer sentence. Judge Subramanian has previously noted that the time Combs has already spent in behind bars will count towards his final sentence. The Harlem native has been jailed since his initial arrest in September 2024. Judge Subramanian denied the defense team's request for the Hip-Hop producer to be released on bail until sentencing. 'It is impossible for the defendant to demonstrate by clear and convincing evidence that he poses no danger,' relayed Judge Subramanian, per The Guardian. 'At trial, the defense conceded the defendant's violence in personal relationships, saying 'it happened' in relation to Cassie Ventura and Jane,' he continued. 'This highlights a disregard for the rule of law and a propensity of violence.' After the Bad Boy Records founder was found guilty of the lesser charges and acquitted of the more serious racketeering and sex trafficking charges, many celebrated the news. Celebrities, including Tiny Harris and Boosie Badazz, made exclamations on social media, while some fans gathered outside the courthouse, spraying baby oil. 'I feel incredible. I feel good,' shared Sean Combs' mother, Janice Combs, after the verdict. 'First thing I'm gonna do is hug my Pops,' added the Grammy winner's son, Christian Combs. 'We were hopeful, but you never know,' continued Justin Combs. 'I am so happy.' More from D.L. Hughley Slams "Morally Bankrupt" People Celebrating Diddy Verdict Cassie's Lawyer Issues Statement Amid Sean "Diddy" Combs Verdict Sean "Diddy" Combs Sex Trafficking Trial: Jury Deliberation Begins
Mint
7 days ago
- Business
- Mint
Chargebee deepens India play as global clients eye country for more revenue
Subscription and recurring billing management platform Chargebee is increasing its focus on India, as more multinational companies look to the country as a source of revenue. 'India is an important market for two parts: One, our customers to collect money from here. Second, India as a market is growing, especially with the number of companies which are able to list here," said Chargebee co-founder and chief executive Krish Subramanian. At its core, the company helps businesses automate subscriptions, from helping companies figure out the best pricing models for their services to recognizing sources of revenue, collections, and customer retention. Chargebee is currently valued at $3.5 billion after a $250 million Series H round in 2022 co-led by Tiger Global and Sequoia Capital. Read more: Uber for housekeeping: India's newest gig economy boom faces a trust The company's clientele includes large companies like global media conglomerate Condé Nast and British coffee and sandwich chain Pret a Manger, as well as startups like automated marketing platform FMG Suite, restaurant management software Zenchef, and survey-building software company Typeform. Chargebee has already onboarded several companies as part of its deeper focus on India. Its local portfolio already consists of 'hundreds" of companies. Subramanian said that they were planning to add new Indian clients every quarter, but the company hasn't set a target. 'As a product, we've matured and moved away from just one type of merchant to multiple verticals. Now, we're a horizontal product that serves multiple verticals, so we see that as a significant opportunity," Subramanian said. India focus Chargebee's new focus on India can be, in part, attributed to how UPI AutoPay has made payments for recurring billing in India easier for consumers. As a result, it finally makes more sense for the company to work more closely with Indian businesses. 'For systems like ours, the underlying payment processor is a core dependency. When that dependency is eased, it becomes easier for us to work in those markets," Subramanian said. Currently, the company works with RazorPay as its main partner in India but is currently actively scouting out others. However, pricing-wise, Chargebee costs significantly more than Zoho Billing. For example, Chargebee Billing costs nearly ₹50,000 a month for up to ₹80 lakh a month. In comparison, Zoho Billing's comparable equivalent costs ₹3,499 per month but allows 100,000 invoices a year. However, both Chargebee and Zoho Billing do have customised enterprise offerings. Several global companies over the years have been looking to India, especially given that they're expecting a significant chunk of their revenue to come from here. For Chargebee's clients, some of them are expecting at least 30% of their revenue to come from the country. 'Our global customers have significant business in India. We help them navigate collecting money from Indian customers, being tax compliant while also reducing the overheads of collecting money with the least amount of failures, the right payment methods," said Subramanian. Read more: DMart's Q1 results to test investor optimism in CEO succession plan Most of the company's revenue comes from North America, which accounts for 41% of its revenue and Europe, which accounts for 40%, with the rest being made up for by Australia and New Zealand. With its entry into India, the company doesn't foresee giant gains to be made just yet. 'I expect revenue contribution to be right now in between 1 to 2% probably even for the next three years, because those other markets are still growing faster for us," Subramanian said. Acquisitions Between 2021 and 2022, Chargebee made a slew of acquisitions, acquiring three companies in that time: Revlock, a revenue recognition tool; Brightback, a customer retention platform; and numberz, a smart accounts receivable and collections automation platform. 'Revenue recognition is a very important part of the business. So, we added that capability through an acquisition," Subramanian said. In 2025, the company made two more acquisitions, bringing its total to five with the buyout of INAI, a payment, data intelligence and observability platform and Trainn, its most recent acquisition, which creates personalised videos for customer training purposes. Read more: Ather Energy says tech innovation, not sales volume, will win profitability race Back in 2022, the company was reportedly planning to be ready to go public over the next three to five years. However, when asked about an initial public offering in the US, Subramanian said, 'Probably not for the next couple of years, simply because I think now is the best time to build privately because there is so much transformation happening in the market." He added that for now, the company's investors, including Accel, Peak XV Partners, Steadview Capital, Sapphire Ventures, and others, were happy to let them grow privately. 'I'm not going to push for going public right now."
Axios
10-07-2025
- Business
- Axios
AI race powers the stock market forward
It's not all TACOs driving the market higher. Investors can thank big tech, once again, for powering the market forward. Why it matters: When you buy the S&P 500, you invest more than 45% in tech and communication services, given the market cap weighting. Where tech goes, so goes the market, and until tariffs derail the sector's momentum, levies are on the back burner. What they're saying: Tech "could be the sole idiosyncratic growth story for this market still over the next 12 to 18 months," according to David Wagner, head of equity and portfolio manager at Aptus Capital Advisors, with $15 billion in assets under management. By the numbers: Nvidia outperformed the S&P 500 by 37% since the market bottomed on April 8, according to FactSet data. XLK, an ETF tracking a basket of technology stocks in the S&P 500, is up 11% this year, beating the 6.7% rally in the S&P 500 for the same period. Zoom out: U.S. technology companies are in the middle of their own war: the AI race. Tariffs are less of a pressing issue, according to Savita Subramanian, head of U.S. equity strategy at Bank of America. The tariffs in place prior to first quarter earnings "didn't derail the AI…infrastructure theme," which was "really heartening," she says. Be smart: Not all tech is created equal right now, Subramanian tells Axios. In conversations with strategists and portfolio managers, tech is brought up frequently, but less so the Magnificent 7 specifically. Tesla and Apple, two members of the seven, are both down double digits year-to-date. This upcoming earnings season could help investors suss out the winners and losers of a market filled with headwinds for tech, ranging from the AI race to tariff policy. The intrigue: Earnings expectations for technology are sequentially flat for the quarter, though several market sources tell Axios they expect that will lead to upside surprises in earnings results. Zoom out: Tech isn't just powering stocks. It's powering the entire economy. Tech, media and telecommunications capital spending vastly outpaces government stimulus, according to Bank of America and FactSet data. That capital spending is expected to grow exponentially as tech firms compete to win the AI race. "These hyper scalers are basically doing most of the work to keep the economy going, and so far they haven't said anything about spending less," Subramanian says, indicating the "real drivers" of the economy haven't rolled over.
