Business

08 Sep

Tejas receives mobilisation advance of Rs 750 cr from TCS

Priyanka BhowmickBusinessBusiness, india

Shares of Tejas Networks rose 4.7 percent to a new high of Rs 935 in Friday trade after the company received Rs 750 crore for the BSNL project. At 09:42 AM, the stock made some gains and rose 1.5 percent to RS 907. The counter saw around 30,000 shares traded against the two-week average volume of around 72,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.3 percent at 66,471. The stock has witnessed a great rally so far in 2023 and is up 61.8 percent against a 9.3 percent rally in the Sensex. According to reports,…

07 Sep

Zoom introduces ‘AI Companion’ to improve productivity

Priyanka BhowmickBusiness, IndiaBusiness, india

Zoom has unveiled a new AI chatbot that helps people work smarter. The chatbot, called Zoom AI Companion, helps users with various tasks such as crafting chat responses with appropriate tone and length and missing them in meetings. One of the chatbot's most useful features is that it allows users to ask specific questions about meetings they've missed. The chatbot supports smart recordings by automatically dividing cloud recordings into smart chapters for easy review and creating actionable actions. This feature is now available. The chatbot's email compose features are expected to launch "later this month." When they become available, users…

06 Sep

ITC ordered to pay Rs. 1 lakh for packaging one less biscuit

Priyanka BhowmickBusiness, IndiaBusiness, india

ITC Limited has been asked to pay a customer Rs 1 lakh for packing one biscuit less than advertised in a packet of Sunfeast Marie Light. The case of the missing biscuits was highlighted when a resident of Chennai, P Dellibabu, bought a packet of ITC's Sunfeast Marie Light biscuits to feed stray dogs. The customer noticed that although the packaging mentioned 16 biscuits, there were only 15 biscuits inside the pack. Dellibabu approached his local store as well as ITC for an explanation but did not get a satisfactory response, as per the information of Times of India. He…

05 Sep

Flipkart aims to create over 1 lakh seasonal jobs in this festive season

Priyanka BhowmickBusiness, IndiaBusiness, india

Walmart-owned e-commerce major Flipkart said it will create one lakh seasonal jobs ahead of this year's festive season. The festive season, usually around October, is when the e-commerce company runs its annual flagship sale event, The Big Billion Days (TBBD). Seasonal jobs are usually repetitive in nature and companies only hire individuals at a specific time to meet increased demand for their services. The festive season, which is usually a series of sales between September and November, is of particular importance as it accounts for nearly 50 percent of gross merchandise value (GMV) for e-commerce companies. Last year, the total…

04 Sep

Chinese woman steals iPhone 14 after chewing anti-theft cord

Priyanka BhowmickBusiness, internationalBusiness

A woman has been arrested for allegedly chewing on an anti-theft cable for stealing an iPhone 14 Plus worth $960 (Rs 79,414) from an Apple store in southern China's Fujian province, the South China Morning Post reported. The woman, identified as Qiu, was caught by police half an hour after leaving the store with the device. In a CCTV camera video that has gone viral on Chinese social media platforms, Ms Qiu is seen standing in front of a smartphone display stand. Then he leans on the counter and puts his right hand on a phone. After a brief test…

04 Sep

Walmart invests $3.5 billion in Flipkart

Priyanka BhowmickBusiness, IndiaBusiness, india

Parent Walmart paid $3.5 billion to acquire stake in Flipkart from non-controlling stakeholders, including co-founder Binny Bansal, the US retailer said in a Securities and Exchange Commission (SEC) filing. As reported by Moneycontrol in August, along with Bansal, Accel, one of Flipkart's early investors, and US-based Tiger Global Management have fully exited the Indian e-commerce player by selling their stake to Walmart. Along with them, Franklin Templeton and several other early investors in the e-commerce company also sold their shares to Walmart. A Walmart spokesperson confirmed the development in August and said the company had acquired an additional stake in…

02 Sep

Zomato launches AI chatbot exclusively to recommend best food to order

Priyanka BhowmickBUSINESS, IndiaBusiness, india

Zomato, a food delivery platform and restaurant aggregator, has launched "Foodie Buddy" aka Zomato AI. Personalized chatbots will help customers choose what they want to order.The platform published a blog and said the bot is based on a multiple-agent framework, which equips Zomato AI with different prompts for different tasks, essentially giving it multiple superpowers, ready to serve customers at any time. The feature will be exclusively available for Zomato Gold customers and will be rolled out in phases. "Chanting for a specific dish? Zomato AI will present you with a widget, listing all the restaurants that serve your favorite…

02 Sep

Ola is planning on joining ONDC for Food Delivery Service

Priyanka BhowmickBusiness, IndiaBusiness, india

Indian mobility giant Ola has partnered with Open Network for Digital Commerce (ONDC) to offer food delivery services, marking its fourth foray into food delivery. Ola is testing the feature within its ride-hailing app, with some users already experiencing it. Although the service is currently available to a limited number of users, it is expected to compete with established players like Swiggy and others. Ola has earlier ventured into food delivery, focusing on integrating its cloud kitchen business with 10-minute grocery delivery in 2022. This time, in collaboration with Ola, ONDC, a government-backed initiative, aims to provide a seamless food…

31 Aug

Apple plans to stop providing customer support on social media platforms

Priyanka BhowmickBusiness, IndiaBusiness, india

Apple can no longer provide customer support on social media platforms such as X, YouTube and others If you are an Apple user, you can no longer report your issues through social media platforms like X and YouTube. According to MacRumours, Apple is making significant changes to its customer support system with plans to eliminate the role of social media support advisors across platforms such as Twitter, YouTube and the Apple Support Community website. Starting later this year, customers seeking support will no longer have access to direct support from Apple employees on these platforms. Starting October 1, the @AppleSupport…

31 Aug

WhiteHat Jr CEO Ananya Tripathi resigns

Priyanka BhowmickBusiness, IndiaBusiness, india

Whitehat Junior Chief Executive Officer Ananya Tripathi has reportedly decided to exit the BYJU-owned company. However, her resignation has not yet been formally accepted, Moneycontrol said, citing four people familiar with the matter. Tripathi, who is on maternity leave from May 2023, is being persuaded to reconsider her decision, the report added. BYJU'S did not immediately respond to YourStory's request to confirm the report. Her departure would be one of a string of senior-level departures that have left the edtech company in limbo and flux. Pratyusha Aggarwal, BYJU'S CBO; Himanshu Bajaj, Business Head of BYJU's Tuition Centre; and Mukut Deepak,…