Business

India’s first Defence Mutual Fund launched by HDFC
17 May

India’s first Defence Mutual Fund launched by HDFC

Priyanka BhowmickBusiness, India, Lifestyle,
HDFC Asset Management Co Ltd on Tuesday announced the country's first mutual fund focus on the defence sector, a move that will allow investors to tap into the space's growth prospects. HDFC Defense Fund's New Fund Offer (NFO), an open-ended equity scheme, will open on May 19 and close on June 2, HDFC AMC said in a statement.The fund will invest at least 80 percent of its net assets in companies in the defense and allied sectors.Stocks in the defense and allied sectors include stocks that form part of aerospace and defense; Explosives, shipbuilding, and allied services. "In a multi-faceted…
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Zoom invests in AI startup Anthropic in latest effort
17 May

Zoom invests in AI startup Anthropic in latest effort

Priyanka BhowmickBusiness, India,
Zoom has become the latest technology company to ride this year's wave of artificial intelligence (AI) integration. The video conferencing platform announced in a press release Tuesday (May 16) that it is partnering — and investing — with AI firm Anthropic. The collaboration will integrate Anthropic's AI assistant, Claude, with Zoom's platform, starting with Zoom Contact Center. “With Claude guiding agents toward trustworthy resolutions and powering self-service for end-users, companies will be able to take customer relationships to another level,” said Smita Hashim, chief product officer for Zoom, in the release. Working with Anthropic, Hashim said, furthers the company’s goal…
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Vedanta announces Sonal Shrivastava as its CFO
16 May

Vedanta announces Sonal Shrivastava as its CFO

Priyanka BhowmickBusiness, India,
Multinational mining company Vedanta has announced the appointment of Sonal Srivastava as its Chief Financial Officer (CFO) with effect from June 1, 2023. During her tenure, she will lead the mining chief's financial strategy she will also be responsible for accounting, tax, treasury, investor relations, financial planning and analytics while driving digitization and profitability. She will work with internal and external stakeholders to develop and deliver on business goals. Prior to joining Vedanta, Srivastava was working at Holcim Group. During her tenure at Holcim Group, she served as CFO of Asia Pacific, Middle East and Africa operations, according to a…
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Bodycare International signs actress Kajal Aggarwal as Brand Ambassador
15 May

Bodycare International signs actress Kajal Aggarwal as Brand Ambassador

Priyanka BhowmickBUSINESS, Business, Lifestyle
Bodycare International Limited recently announced Kajal Aggarwal as the brand ambassador of children's clothing. The company believes that this partnership with Agarwal will create a strong brand position in the market. Mithun Gupta, Director, Bodycare International Limited said, "We are delighted to welcome Kajal Aggarwal to the Bodycare family. Over the years, Bodycare International Limited has embraced comfort and perfect fit in all its products and we are confident that his association with our brand will help us reach a wider audience. Through her charming personality and impressive fan following, Kajol will help us build a strong connection with our…
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Linda Yaccarino becomes the new Twitter CEO
13 May

Linda Yaccarino becomes the new Twitter CEO

Priyanka BhowmickBUSINESS, International,
Linda Yaccarino, widely publicized to become Twitter's new CEO, has resigned as head of advertising from NBCUniversal, effective immediately. Earlier on Friday, Musk said he had found a new chief executive for the social media site but did not name the person. NBC parent Comcast CMCSA. also said last month that NBCUniversal CEO Jeff Shell was leaving after admitting to an inappropriate relationship with a woman at the company, his departure another major blow to the company following an allegation that prompted an investigation. Advertising President Mark Marshall will step down as interim chairman of NBCUniversal's advertising and partnerships group.…
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E-invoices must for businesses with 5 crore turnover a year
12 May

E-invoices must for businesses with 5 crore turnover a year

Priyanka BhowmickBUSINESS, Business, India,
The central government has notified lowering the threshold for e-invoicing from Rs 10 crore to Rs 5 crore after which it will be mandatory for small businesses to conduct business transactions through e-invoicing from August 1, 2023. In the exercise of the powers of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendation of the Council, amended the notification. "In the said notification, effective August 1, 2023, for Rs 10 crore, Rs 5 crore will be substituted," it said.Phased implementation of e-invoicing has multiple benefits for the entire tax ecosystem, including improved compliance and enhanced collection,…
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Alia Bhatt named Gucci’s first Indian Global ambassador
11 May

Alia Bhatt named Gucci’s first Indian Global ambassador

Priyanka BhowmickBusiness, Entertainment, India, ,
After a successful Met Gala debut, actress Alia Bhatt has now become the first Indian World Ambassador to the Italian luxury fashion house Gucci. The luxury brand has roped in Alia Bhatt as its first Indian global ambassador and she will make her first appearance as a brand ambassador at the upcoming Gucci Cruise 2023 runway show in Seoul, South Korea. Actress Alia Bhatt has become the first Indian global ambassador to the luxury Italian fashion house Gucci. Alia, who made her successful Met Gala debut this year, will make her first appearance as the brand's ambassador at the upcoming…
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Law firm Luthra & Luthra founder Rajiv Luthra passes away at 67
11 May

Law firm Luthra & Luthra founder Rajiv Luthra passes away at 67

Priyanka BhowmickBUSINESS, India,
Luthra and Luthra, founder and managing partner of the Law Office, have died today. The last rites will be completed at Lodhi Crematorium at 12 noon. He was under treatment at Medanta Hospital for illness. A first-generation lawyer, Luthra founded the firm Luthra & Luthra in 1990. Describing a career and life rich with diverse experiences in a recent interview for Bar and Bench, he said, "I've had a very interesting career so far, and I've had very different, varied interests with very little connection. But everywhere, the connection was enjoyment; the connection was passion."
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Terry Daly appointed Advisor for Vedanta’s semiconductor business
10 May

Terry Daly appointed Advisor for Vedanta’s semiconductor business

Priyanka BhowmickBusiness, BUSINESS, India,
After appointing semiconductor veteran David Reed as CEO of the Vedanta-Foxconn joint venture, Indian mining company Vedanta has now appointed Terry Daly as an advisor to the semiconductor business.Daly will be responsible for providing strategic advice and input as the group looks at setting up a semiconductor fab unit and semiconductor assembling and testing unit in India, Vedanta said in a statement."We are thrilled to welcome Terry Daly to our team," said David Reed, CEO, Vedanta-Foxconn Semiconductors Ltd. (VFSL) As an industry veteran, Daly brings a wealth of knowledge and experience managing several workstreams critical to establishing a world-class semiconductor…
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Manushi Chhillar becomes the new face of Estée Lauder
09 May

Manushi Chhillar becomes the new face of Estée Lauder

Priyanka BhowmickBusiness, BUSINESS, Entertainment, ,
Estée Lauder has added former Miss World, Manushi Chillar, as her new global brand ambassador. According to the data, Chiller previously served as the face of Estée Lauder India's Advanced Night Repair campaign in the fall of 2022. Additionally, she will be appearing in the upcoming campaign for India's Double Wear Makeup later this month. “We look forward to welcoming Manushi to the Estee Lauder family. In addition to her growing star power, Manushi's dedicated use of her platform to drive positive social change in India and beyond will enable us to further strengthen our brand commitment to champion the…
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