India

23 Aug

Tanker-Rolls Royce collide head-on near Gurugram, both in truck dead

Priyanka Bhowmickaccident, Indiaindia

The collision was so strong that both vehicles caught fire, the oil tanker overturned and the driver and passenger were trapped and unable to escape. Two people died and four were critically injured when a speeding oil tanker collided with a luxury sedan on the Delhi-Mumbai Expressway in Urmi village of Nuh around 2 pm on Tuesday, police officials said. According to the police, the collision was so strong that both cars caught fire, the oil tanker overturned and the driver and passenger were trapped and could not escape. They burned in the fire, police said. According to the SP,…

23 Aug

Pencil maker DOMS files DRHP with SEBI to raise ₹1,200 crore via IPO

Priyanka BhowmickBUSINESS, IndiaBusiness, india

The public issue includes a fresh issue of shares worth Rs 350 crore and an offer-for-sale of Rs 850 crore by the promoters. FILA- Fabbrica Italiana Lapised Affini S.p.A. The company's corporate promoter, which holds 51 per cent shareholding, has offloaded shares worth Rs 800 crore through OFS, while domestic promoters Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani will sell shares worth Rs 5 crore each. The Gujarat-based company, which manufactures and sells products under the DOMS brand, may consider a pre-IPO placement of Rs 70 crore before filing a red herring prospectus with the ROC. Once the pre-IPO placement…

22 Aug

Meta set to launch web version of Threads this week: Report

Priyanka BhowmickBusiness, IndiaBusiness, india

It's been over a month now since Instagram's reply on Twitter (at least that's what it said then). Called Threads, the app got off to a flying start but has now slowed somewhat in terms of daily users and time spent on the app. However, it looks like a web version of the app is coming soon, according to a report in The Wall Street Journal, a web app for Threads could be coming as early as this week. Instagram head Adam Mosseri pointed out last week that the web version is a bit of a gamble. "It's a bit…

22 Aug

BYJU’S top executive Cherian Thomas quits, joins US firm Impending as CEO

Priyanka BhowmickBusiness, IndiaBusiness, india

Cherian Thomas, senior vice-president at ed-tech firm Baiju, has left the firm and joined Impending Inc., the company behind apps like Heads Up, Clear, Classics, etc., as its CEO. Thomas, who has an excellent track record across consumer technology companies, as Impending's CEO will focus on building and scaling the product portfolio while strengthening and growing the global talent pool, the company said. He played an integral role in setting up US operations in Byju's. He was responsible for leading Osmo's business as a Byju's subsidiary with revenues of more than $100 million in FY21. He was Byjus' first international…

21 Aug

German minister uses UPI for payment at vegetable shop in India

Priyanka BhowmickBusiness, India, Tech ByteBusiness, india

Germany's Federal Minister for Digital and Transport, Volker Weising, was able to feel the simplicity of UPI (Unified Payment Interface) payments at firsthand and was very "impressed" by the experience. On Sunday, the German Embassy in India took to X (formerly known as Twitter) to praise India's digital infrastructure, hailing it as one of the country's success stories. https://twitter.com/GermanyinIndia/status/1693162556918210966?s=20 The German Embassy in India shared videos and photos of Mr Wissing buying groceries and using UPI for payment. The accompanying caption read, "One of India’s success story is digital infrastructure. UPI enables everybody to make transactions in seconds. Millions of…

21 Aug

Influencer’s video about drink mix Tang goes viral

Priyanka BhowmickBusiness, IndiaBusiness, india

After Bournvita, influencer Revant Himatsingka claimed that the 'Tang' drink was not healthy as it contained 'unreasonable amounts of sugar'. Himatsingka, also known as Foodpharmer, earlier this year made a video on Bournvita, produced by Cadbury, a subsidiary of Mondelez International. He has, however, received legal notice for his claim on Bournvita. The Tang brand is owned by Mondelez International. https://www.instagram.com/reel/CwIAJOMNTXI/?utm_source=ig_web_copy_link&igshid=MzRlODBiNWFlZA== Now, in a new video posted on Saturday, the influencer claims that Tang is nothing more than 'flavored sugar powder' and that '93 percent of the product is sugar.' He also highlights the 'marketing ploy' that promotes the drink…

19 Aug

Jio launches Netflix subscriptions on prepaid plans

Priyanka BhowmickBUSINESS, Business, IndiaBusiness, india

Reliance Jio has announced a new Jio prepaid plan that comes with a Netflix subscription. This is the first time a Netflix subscription is being offered with a prepaid plan. Jio is offering two plans that give users access to Netflix. Rs 1,099 plan that comes with validity of 84 days. The plan offers a mobile plan of Netflix (Mobile) which is priced at Rs 149 per month. Users will also get unlimited 5G data, 2GB/day data and unlimited voice calls with Jio welcome offer. 1,499 plan which comes with 84 days of validity. The prepaid plan offers Netflix's basic…

18 Aug

Wipro sets up generative AI centre of excellence at IIT Delhi

Priyanka BhowmickBusiness, IndiaBusiness, india

IT giant Wipro has inaugurated a new Centre of Excellence (CoE) focusing on Generative Artificial Intelligence (GenAI) in collaboration with the Indian Institute of Technology (IIT) Delhi. This partnership aligns with Wipro's commitment to investing $1 billion to drive AI-led innovation as part of the AI360 ecosystem. Housed within IIT Delhi's Yardi School of Artificial Intelligence, the Wipro CoE in GenAI will strengthen fundamental and applied research, nurture talent and advance the state-of-the-art field. "We are thrilled to partner with IIT Delhi for accelerated innovation in some of the most promising emerging areas of technology," said Subha Tatavarti, Chief Technology…

18 Aug

RBI launches portal to access details of unclaimed deposits

Priyanka BhowmickBusiness, IndiaBusiness, india

Reserve Bank of India Governor, Shaktikanta Das, on Thursday launched a central web portal called UDGAM (Unclaimed Deposits - Gateway to Access Information) "to search for unclaimed deposits across multiple banks at one place". "This portal has been created by the RBI to make it easier for members of the public to use and make it easier for them to search for their unclaimed deposits in multiple banks in one place," the RBI said in a statement. The Reserve Bank of India announced the development of a centralised web portal for searching non-claimed deposits as part of the statement of…

17 Aug

Burger King stops using Tomato in food preparations

Priyanka BhowmickBusiness, IndiaBusiness, india

Burger without tomatoes! can anyone imagine it? Yes, Burger King, the major fast-food chain recently decided to temporarily stop tomato and burgers from its wraps across its Indian outlets due to a sharp price hike. The move clearly indicates that the growing food inflation crisis is significantly impacting consumers in the world's most populous country. The chain, grappling with tomato shortages, humorously posted notices in its outlets, "Even tomatoes need a holiday… We can't add tomatoes to our food." Quality concerns have been cited as the primary reason for this move. It's important to note that, prior to Burger King,…