india

15 Jul

VLCC ropes in Tamannaah Bhatia as brand ambassador

Priyanka BhowmickBusiness, IndiaBusiness, Entertainment, india

VLCC has roped in Bollywood actress Tamannaah Bhatia to be the brand ambassador for its latest range of facial kits, the brand announced on Friday. The brand operates in beauty and personal care categories such as facial kits, face moisturizers, sun-care, face washes, serums and more. “Our expertise in providing world-class facials is reflected in our range of facial kits that customers love including gold, diamond, anti-tan and more. Facials provide what everyday skin care can't and that's what inspired our new Gold Facial Kit campaign with Tamannaah,” said Puneet Gulati, Group Chief Marketing Officer, VLCC. Bhatia is featured in…

15 Jul

Elon Musk launches xAI to rival OpenAI

Priyanka BhowmickBusiness, IndiaBusiness, india

xAI, Elon Musk's newly formed AI company, has revealed itself with a new website detailing its mission and team at https://x.ai/. Musk tweeted that the company's mission is to "understand reality" without further details or explanation. According to the website, "xAI's goal is to understand the true nature of the universe. The team is led by Elon Musk and includes team members who have worked with other big names in AI, including OpenAI, Google Research, Microsoft Research, and DeepMind (which recently folded into Google). In addition to Musk, the website lists Igor Babushkin, Manuel Kroes, Yuhuai (Tony) Wu, Christian Szedi,…

14 Jul

Wipro pushes salary hikes to Q3

Priyanka BhowmickBUSINESS, Business, IndiaBusiness, india

Departing from the previous practice of implementing salary hikes in September, Wipro has decided to shift its wage growth cycle to the third quarter of the financial year. The company's management, speaking during a press conference, confirmed that the wage increase will still be provided to workers. According to a report by Moneycontrol, the salary hike issue comes at a critical juncture as companies try to protect their margins and reduce wage bills, with particular concern surrounding Wipro. While Wipro has assured that its margins will remain within comparable ranges, it plans to go ahead with a salary hike in…

14 Jul

Gera Developments announces Superstar ‘Amitabh Bachchan’ as Brand Ambassador

Priyanka BhowmickBusiness, Entertainment, IndiaBusiness, Entertainment, india

Pune-based real estate developer Gera Developments, which has been building homes in Pune for the last 50 years, said on July 13 that it has signed Bollywood actor Amitabh Bachchan as its brand ambassador. "… Amitabh Bachchan has not only reinvented himself to stay relevant but he has also created a personal bond and an emotional appeal with everyone, which is in line with the principles of the Gera brand," the company said in a statement explaining its decision to sign the 80-year-old as its brand ambassador. "We have seen an immediate resonance with Gera's brand, especially as our trend…

13 Jul

TCS announces annual salary increase promotions

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

After the end of the first quarter of the financial year 2023-2024, the Tata Group's consultancy arm - Tata Consultancy Services - reported a big profit, even as TCS announced a pay hike for employees after the company's revenue rose 13 percent. After a successful first quarter of the financial year, IT consulting firm TCS reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter at Rs 11,074 crore. Not only a huge increase, but because of the company's success they also promised a raise for their employees. Apart from TCS's net profit, the company's…

13 Jul

Musk explores setting up Tesla supply chain ecosystem in India

Priyanka BhowmickBusiness, BUSINESSEntertainment, india

Electric vehicle (EV) maker Tesla has held talks with the Indian government, exploring the possibility of bringing its auto parts and electronics chain to India and getting allocations and tax breaks in the process. The US-headquartered electric vehicle maker has shown interest in bringing its own supply chain ecosystem to India, even as the government asked the company to assess the existing auto-component supply chain in the country, the Economic Times reported on July 13. After meeting Prime Minister Modi during his visit to the US last month, Tesla CEO Elon Musk said: "He (PM Modi) really cares about India…

12 Jul

Disney explores strategic options for Star India, Hotstar businesses

Priyanka BhowmickBusiness, IndiaBusiness, india

Walt Disney is exploring various strategic options for its Star India business, including a joint venture or potential sale, according to sources familiar with the topic cited by The Wall Street Journal. The company has engaged in discussions with at least one bank to identify growth opportunities for its India business and share some of the associated costs. Although the talks are still at an early stage, it is not yet clear what specific options Disney may pursue for its Indian operations. The conglomerate's India business includes the popular Disney+ Hotstar streaming service and Star India, which came under Disney…

12 Jul

Google Doodle celebrates ‘Pani Puri’ with unique game

Priyanka BhowmickBusiness, IndiaBusiness, india

Call it 'Golgappa', 'Pani Puri' or 'Puchka', this delicious snack is one of India's favorite street foods, loved by all age groups. And today, Google is celebrating its favorite street food with a special interactive doodle game. Google chose this day to celebrate snacks, as on July 12, 2015, a restaurant in Indore, Madhya Pradesh, achieved the world record for serving the most flavored panipuri offering 51 options. Eight years later, Google is celebrating an extraordinary record and giving users the opportunity to play interactive games. Google wrote,'' Today's interactive game Doodle celebrates pani puri — a popular South Asian…

11 Jul

Anupam Kher will portray Rabindranath Tagore in his 538th film

Priyanka BhowmickEntertainment, IndiaEntertainment, india

Renowned Indian actor Anupam Kher has announced that he will be portraying the iconic poet, philosopher, and essayist Rabindranath Tagore in his 538th film. The news was shared by Kher on his Instagram, where he posted a photo of his first look as the revered poet. In the striking black-and-white image, Anupam is seen in an outfit reminiscent of Rabindranath Tagore's signature style. Sporting white hair and a long beard, he gave a serious expression as he looked down at the floor.The post is accompanied by an instrumental rendition of Tagore's famous song "Sakhi, Bhabona Kahare Bole" playing in the…

11 Jul

CarTrade buys OLX India’s Auto Business in India for Rs 537 Crore

Priyanka BhowmickBusiness, IndiaBusiness, india

CarTrade Tech Ltd has announced the acquisition of Sobek Auto India Pvt., a company owned by the auto sales division of OLX India, in a deal worth Rs 537 crore. CartTrade will buy 100% of Sobek's shares and is making the purchase "to provide synergistic benefits to CartTrade Tech's existing businesses," it said in an exchange filing on Monday. The transaction will be a pure cash agreement and the acquisition is likely to be completed within 30 days. According to the exchange filing, OLX India Pvt. also sold its classified internet business to Sobek on June 30. Prasas-owned OLX made…