Business

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

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

Priyanka BhowmickBusiness, 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…
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German minister uses UPI for payment at vegetable shop in India
21 Aug

German minister uses UPI for payment at vegetable shop in India

Priyanka BhowmickBusiness, India, Tech Byte,
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…
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Influencer’s video about drink mix Tang goes viral
21 Aug

Influencer’s video about drink mix Tang goes viral

Priyanka BhowmickBusiness, 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…
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Jio launches Netflix subscriptions on prepaid plans
19 Aug

Jio launches Netflix subscriptions on prepaid plans

Priyanka BhowmickBUSINESS, Business, 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…
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Elon Musk will no longer allow users to block accounts on X
19 Aug

Elon Musk will no longer allow users to block accounts on X

Priyanka BhowmickBusiness, International,
Elon Musk, the owner of X (formerly known as Twitter), has announced that the platform will remove the blocking feature for its users, saying it "doesn't make sense." However, users will still have the ability to block others from sending direct messages. Musk's move is just one of many changes since the site was acquired in a $44 billion deal last year. Currently, when a user blocks an account, it prevents that account's posts from appearing in the blocker's timeline, and vice versa. In addition, a blocked account loses the ability to send messages to the blocker and view their…
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Wipro sets up generative AI centre of excellence at IIT Delhi
18 Aug

Wipro sets up generative AI centre of excellence at IIT Delhi

Priyanka BhowmickBusiness, 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…
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RBI launches portal to access details of unclaimed deposits
18 Aug

RBI launches portal to access details of unclaimed deposits

Priyanka BhowmickBusiness, 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…
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Burger King stops using Tomato in food preparations
17 Aug

Burger King stops using Tomato in food preparations

Priyanka BhowmickBusiness, 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,…
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Indian Government plans to sell stakes in Indian Railway Finance Corp: Report
17 Aug

Indian Government plans to sell stakes in Indian Railway Finance Corp: Report

Priyanka BhowmickBusiness, India,
Shares of Indian Railway Finance Corporation (IRFC) plunged on Thursday, a day after the government planned to sell a portion of its holdings to the state-owned company through an offer for sale (OFS) in the current fiscal (FY24). IRFC shares opened at Rs 50 on NSE. The counter saw profit bookings and slipped nearly 6 percent to touch the day-low of Rs 48.25 on the NSE. The counter was trading at Rs 2.05 or 4 percent lower at Rs 49.2 on the NSE. Commenting on the counter, Sumeet Bagadia of Choice Broking said the stock could witness profit booking and…
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Shah Rukh Khan announced as the Brand Ambassador for Sunfeast Dark Fantasy
16 Aug

Shah Rukh Khan announced as the Brand Ambassador for Sunfeast Dark Fantasy

Priyanka BhowmickBusiness, Entertainment, India,
Sunfeast has roped in SRK as the brand ambassador of dark fantasy. The brand recently unveiled several films featuring the actor. The campaign, titled 'HarDilKiFantasy', positions both Cookies and SRK as endearing fixtures in the public's heart. Set inside a salon, the film shows a woman frustrated because her appointment has been delayed. In her wait, she indulges in a Sunfeast Dark Fantasy treat, which leads to imagining SRK as her personal stylist. However, her dream is short-lived as it ends as soon as he eats the last bit of cookie. The brand has been teasing fans about SRK's partnership…
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