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Amazon launches new initiatives to boost India`s digital economy, exports E-commerce giant Amazon on Thursday announced a slew of initiatives to boost India’s digital economy and exports, along with an MoU with India Post for an integrated cross-border logistics solution. The move will expand the e-commerce exports opportunity to lakhs of micro, small and medium enterprises (MSMEs) across the country.  Additionally, Amazon is engaging with Indian Railways’ Dedicated Freight Corridor Corporation of India (DFC) to enable its sellers deliver fas...
Amazon launches new initiatives to boost India`s digital economy, exports
Amazon launches new initiatives to boost India`s digital economy, exports
Source: IANS
31/08/2023 3:47:28 PM
Amazon has over 6K EVs in its India delivery fleet, to reach 10K by 2025 Amazon on Monday announced that it has more than 6,000 electric vehicles (EVs) in its India delivery fleet, making deliveries in more than 400 cities.  The company said it is committed to deploy 10,000 EVs in India by 2025.  To transform its network at scale and speed, the tech giant has partnered with local original equipment manufacturers in India, including small and medium businesses, and startups, to create innovative mobility solutions.  The company worked with A...
Amazon has over 6K EVs in its India delivery fleet, to reach 10K by 2025
Amazon has over 6K EVs in its India delivery fleet, to reach 10K by 2025
Source: IANS
28/08/2023 5:09:21 PM
Big Tech firms invest $235 mn in AI model repository Hugging Face Tech giants like Google, Amazon, Nvidia, Intel, IBM, Salesforce, Qualcomm and others have infused $235 million into Hugging Face, an open-source AI model repository similar to GitHub for programming. The latest Series D fundraising round brings Hugging Face’s valuation to $4.5 billion, reports CNBC. Investors in this round have invested significantly into various generative AI models of their own. The funds will be used “to grow the team currently at 170 and invest in mor...
Big Tech firms invest $235 mn in AI model repository Hugging Face
Big Tech firms invest $235 mn in AI model repository Hugging Face
Source: IANS
25/08/2023 11:08:40 AM
Samsung unveils new monitor featuring world`s first Dual UHD display Samsung on Thursday unveiled the new Odyssey Neo G9 monitor which features the world's first Dual UHD display along with Quantum Matrix Technology for higher picture quality. The new Odyssey Neo G9 monitor comes in white colour and costs Rs 2,25,000, the tech giant said in a statement. Starting at 2 p.m. on Thursday, customers can buy the monitor from the company's official online store Samsung Shop, Amazon and all leading retail stores. The new monitor delivers 7680×21...
Samsung unveils new monitor featuring world`s first Dual UHD display
Samsung unveils new monitor featuring world`s first Dual UHD display
Source: IANS
24/08/2023 5:04:49 PM
Amazon India introduces farm-to-fridge quality assurance system Amazon India on Wednesday introduced a shelf monitoring solution -- a Machine Learning (ML) powered farm-to-fridge quality assurance system for fresh produce. With this launch, the tech giant aims to enable its sellers to meet the consumer demands for high-quality fresh fruits and vegetables while shopping on Amazon Fresh. “The shelf monitoring solution will bolster the capabilities of Amazon Fresh sellers to fulfil the commitment of delivering the finest grocery services in India...
Amazon India introduces farm-to-fridge quality assurance system
Amazon India introduces farm-to-fridge quality assurance system
Source: IANS
23/08/2023 5:49:24 PM
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued at nearly $7 billion, PitchBook data shows. After posting losses ...
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Indian e-commerce startup Meesho posts first-ever profit, plans IPO in 12-18 months
Source: Reuters
7/08/2023 12:25:34 PM
Enterprise skilling company Disprz raises $30 mn to expand footprint Enterprise skilling company Disprz on Monday said it has raised $30 million in its Series C funding round led by Lumos Capital Group and 360 ONE Asset  (IIFL). The round also saw participation from Kae Capital, KOIS and Dallas Venture Capital. The funds, said the firm, will be utilised for global market expansion and product development, including the integration of Generative AI across the learning and skilling cycle. “We have built one of the world’s early skill-based...
Enterprise skilling company Disprz raises $30 mn to expand footprint
Enterprise skilling company Disprz raises $30 mn to expand footprint
Source: IANS
7/08/2023 10:47:56 AM
Amazon posts $6.7 bn in net income, AWS biz grows 12% Amazon posted strong financial results for its second quarter ended June 30, with net sales increasing 11 per cent to $134.4 billion and net income at $6.7 billion, compared with a net loss of $2 billion in the year-ago quarter. Its Cloud arm AWS segment sales increased 12 per cent year-over-year to $22.1 billion. AWS segment’s operating income was $5.4 billion, compared with operating income of $5.7 billion in the second quarter of 2022. “It was another strong quarter of...
Amazon posts $6.7 bn in net income, AWS biz grows 12%
Amazon posts $6.7 bn in net income, AWS biz grows 12%
Source: IANS
4/08/2023 11:26:12 AM
Apple`s Tim Cook, Amazon`s Andy Jassy bet big on generative AI Apple CEO Tim Cook has revealed that the tech giant has been working on generative AI and other models for years. Cook said that Apple views artificial intelligence (AI) and machine learning (ML) as fundamental core technologies. “And they are virtually embedded in every product that we build,” Cook told CNBC late on Thursday, as the company reported strong June quarter results, driven by stronger services sales that grew 8 per cent (year-on-year) “On a research basis,...
Apple`s Tim Cook, Amazon`s Andy Jassy bet big on generative AI
Apple`s Tim Cook, Amazon`s Andy Jassy bet big on generative AI
Source: IANS
4/08/2023 10:51:35 AM
Government likely to come out with draft e-commerce policy soon The government is likely to come out with the draft of the much awaited e-commerce policy soon. The prospects of the policy being unveiled soon looked brighter as Commerce Minister Piyush Goyal on Wednesday held final round of consultations with industry players like Amazon, Flipkart, and Tata Digital among others. Consumer Affairs Secretary Rohit Kumar Singh and Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh were also present in the meetin...
Government likely to come out with draft e-commerce policy soon
Government likely to come out with draft e-commerce policy soon
Source: IANS
3/08/2023 9:06:12 AM
Asian shares hesitant after Wall Street sell-off, dollar buoyant Asian shares were subdued on Thursday after Fitch downgraded U.S. sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon. Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, having also suffered a colossal drop of 2.3% just a day earlier. That compa...
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Source: Reuters
3/08/2023 8:49:51 AM
India`s Rajasthan plans online surcharge for gig workers` welfare fund The Indian state of Rajasthan has approved a bill to impose a surcharge on online transactions via platforms like Amazon, Ola and Zomato to fund welfare benefits for gig workers, the first such scheme in the country. The number of gig workers has grown sharply in India to an estimated 15 million - emerging as a constituency pursued by political parties ahead of elections in five states in the next few months and general elections early next year. The Rajasthan state assembly approved la...
India`s Rajasthan plans online surcharge for gig workers` welfare fund
India`s Rajasthan plans online surcharge for gig workers` welfare fund
Source: Reuters
25/07/2023 5:10:43 PM
Asian shares fall after US tech falters, dollar and yields hold gains Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle. As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. Early on Friday, Japan's inflation stayed above the central bank's target of 2% for the 15th straight month in ...
Asian shares fall after US tech falters, dollar and yields hold gains
Asian shares fall after US tech falters, dollar and yields hold gains
Source: Reuters
21/07/2023 8:36:25 AM
Belgium`s Proximus to buy 58% stake in India`s Route Mobile for $721 million (July 17) Belgium's Proximus Opal, which provides cloud-based telecom platforms for enterprises, said on Monday it would buy a near-58% stake in Route Mobile for about 59.22 billion rupees ($721 million), at par with its Indian peer's current market value. Proximus Opal, a unit of Belgian telecom service provider Proximus Group, has clients such as Salesforce and Bytedance, while Route Mobile's clients include Amazon and Indian telecom service provider Airtel. Proximus Opal will pay 1...
Belgium`s Proximus to buy 58% stake in India`s Route Mobile for $721 million (July 17)
Belgium`s Proximus to buy 58% stake in India`s Route Mobile for $721 million (July 17)
Source: Accord Fintech
19/07/2023 4:34:05 PM
India`s Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts The financial services business of India's Reliance Industries will be valued at 160-190 rupees per share, according to estimates by five analysts, with the impending demerger boosting the stock price of the country's most valuable company. Reliance Strategic Investments Ltd - to be renamed Jio Financial Services (JFS) Ltd - will be demerged on July 20, with Reliance shareholders getting one JFS share in addition to each Reliance share they hold. Axis Securities, on Monday, reco...
India`s Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts
India`s Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts
Source: Reuters
18/07/2023 10:59:14 AM
Fashion e-commerce brand Styched acquires Flatheads Fashion e-commerce company Styched on Monday said it has acquired Flatheads, a direct-to-customer (D2C) online casual sneaker startup that gained recognition on Shark Tank India season 2. Founded in 2018 by Ganesh Balakrishnan and Utkarsh Biradar, Bengaluru-based Flatheads is specialises in designing all-day wear casual sneakers for the urban audience.  The deal, structured as an all-equity transaction, represents Styched's foray into the footwear segment. “The technic...
Fashion e-commerce brand Styched acquires Flatheads
Fashion e-commerce brand Styched acquires Flatheads
Source: IANS
17/07/2023 11:24:38 AM
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated The Nasdaq-100 index is getting a fresh look, the media reported. The index comprises 100 of the largest non-financial companies listed on the Nasdaq and the popular Invesco QQQ exchange-traded fund tracks the index, CNN reported. Seven companies listed in the Nasdaq-100 accounted for roughly 51 per cent of the index as of June 3, according to a note by Louis Navellier, chairman of Navellier & Associates. The Nasdaq is looking to fix that problem -- without changing any of the st...
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Nasdaq 100 index to get a makeover as `Magificent Seven` get too concentrated
Source: IANS
15/07/2023 11:43:09 AM
Shoppers in US spend record $12.7 bn on Amazon Prime Day sales Consumers in the US spent a record $12.7 billion during the two-day Amazon Prime Day sale, as the company confirmed the first day of the sale was the single largest sales day in its history. According to Adobe Analytics data, this year's sales figure represents 6.1 per cent growth year-over-year, a new record. In a separate blog post, Amazon said that over the course of the two-day shopping event, Prime members purchased more than 375 million items worldwide and saved more than $2.5...
Shoppers in US spend record $12.7 bn on Amazon Prime Day sales
Shoppers in US spend record $12.7 bn on Amazon Prime Day sales
Source: IANS
14/07/2023 12:11:59 PM
EU opens in-depth probe into Amazon`s $1.7 bn iRobot acquisition The European Union (EU) regulators have launched an in-depth probe into Amazon’s $1.7 billion acquisition of iRobot, the company which designs and builds consumer robots, including robot vacuum cleaners sold under the 'Roomba' brand. The European Commission said in a statement that it’s concerned that “the transaction would allow Amazon to restrict competition in the market for robot vacuum cleaners (RVCs) and to strengthen its position as online marketplace provi...
EU opens in-depth probe into Amazon`s $1.7 bn iRobot acquisition
EU opens in-depth probe into Amazon`s $1.7 bn iRobot acquisition
Source: IANS
7/07/2023 10:26:19 AM
Google accuses India antitrust body of protecting Amazon in Android probe Google has accused India's antitrust body of ordering changes to its business model "only to protect" rival Amazon, which complained about its struggles to develop a modified version of the Android system due to Google's restrictions, legal papers show. Google has approached India's Supreme Court to quash the Competition Commission of India's (CCI) October order asking the company to make 10 changes to its business model after the CCI found it abused its dominant ...
Google accuses India antitrust body of protecting Amazon in Android probe
Google accuses India antitrust body of protecting Amazon in Android probe
Source: Reuters
6/07/2023 1:12:54 PM
ViewSonic launches portable touch screen monitor with OLED tech in India ViewSonic, a leading global provider of visual solutions, on Wednesday announced the launch of the VP-16 OLED, the brand’s first portable touch screen monitor with OLED technology, in the country. The new monitor is available on Amazon and is priced at a maximum retail price (MRP) of Rs 75,000 and end-use-price (EUP) of Rs 49,999 plus taxes, the company said in a statement. The 15.6-inch ColorPro monitor comes with 1080p Full HD resolution and Pantone Validation for remarkable col...
ViewSonic launches portable touch screen monitor with OLED tech in India
ViewSonic launches portable touch screen monitor with OLED tech in India
Source: IANS
5/07/2023 4:03:34 PM
Amazon introduces new product customisation feature in India  Amazon India on Tuesday introduced a new free self-serve product customisation feature "Customise Your Product". The new feature is now available across a wide selection of more than 10,000 products from 76 different categories, the company said in a statement. It offers an "intuitive" customisation experience which provides visual design tools to customers to personalise products, along with a product preview option to view the final customised product in real...
Amazon introduces new product customisation feature in India
Amazon introduces new product customisation feature in India
Source: IANS
4/07/2023 5:07:58 PM
Amazon CEO says committed to invest $26 bn in India by 2030 E-commerce giant Amazon CEO Andy Jassy on Saturday said that the company is committed to invest $26 billion in India by 2030, after he met Prime Minister Narendra Modi here. Amazon has invested about $11 billion in India so far and has plans to invest nearly $15 billion more by 2030. "Productive meeting with Prime Minister Narendra Modi. Discussed Amazon's commitment to invest $26 billion in India by 2030," Jassy tweeted after meeting PM Modi who concluded his three-day st...
Amazon CEO says committed to invest $26 bn in India by 2030
Amazon CEO says committed to invest $26 bn in India by 2030
Source: IANS
24/06/2023 2:37:13 PM
Amazon raises investment in India to $26 billion by 2030 Amazon.com Inc said on Friday it will take its investments to $26 billion in India by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States. Though Jassy gave no breakdown, the announcement follows Amazon's cloud computing unit Amazon Web Services (AWS) saying last month it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030. Earlier, Amazon had announced ...
Amazon raises investment in India to $26 billion by 2030
Amazon raises investment in India to $26 billion by 2030
Source: Reuters
24/06/2023 11:59:17 AM
Canara HSBC Life Insurance collaborates with Amazon Ads for an Innovative ``On-Box Advertising Campaig`` Canara HSBC Life Insurance is thrilled to be working with Amazon Ads for an innovative on-box advertising campaign. As part of the collaboration, Canara HSBC Life Insurance will use Amazon Ads's unique on-box advertising #UnboxingHappiness to promote its latest savings-cum-insurance plan, the “iSelect Guaranteed Future Plan”. ‘Amazon Ads’ On-box advertising is available on its delivery boxes and packages being delivered to customers. Canara HSBC L...
Canara HSBC Life Insurance collaborates with Amazon Ads for an Innovative ``On-Box Advertising Campaig``
Canara HSBC Life Insurance collaborates with Amazon Ads for an Innovative ``On-Box Advertising Campaig``
Source: PR Agency
22/06/2023 5:22:42 PM
Narendra Modi's US visit may encourage more American firms to invest in India Indian Prime Minister Narendra Modi's visit to the United States may encourage more American companies to consider investing in the South Asian country as they look to reduce their reliance on China for manufacturing-related activities. The United States is the third largest source of foreign investment for India, with over $60 billion invested between 2000 and 2023, according to official data. Following are some recent investment announcements, mostly by U.S. companies: TESLA ...
Narendra Modi's US visit may encourage more American firms to invest in India
Narendra Modi's US visit may encourage more American firms to invest in India
Source: Reuters
22/06/2023 10:09:10 AM
UK regulator gives nod to Amazon's $1.7bn iRobot acquisition The UK's antitrust regulator has cleared Amazon's proposed $1.7 billion acquisition of iRobot, which designs and builds consumer robots, including robot vacuum cleaners sold under the 'Roomba' brand. The Competition and Markets Authority (CMA) found that iRobot's market position in the supply of robot vacuum cleaners in the UK is modest and that it already faces several significant rivals. "On this basis, the CMA considered that the loss of potential competition...
UK regulator gives nod to Amazon's $1.7bn iRobot acquisition
UK regulator gives nod to Amazon's $1.7bn iRobot acquisition
Source: IANS
18/06/2023 8:50:54 AM
Curb malpractices like 'dark pattern' during online shopping, e-commerce entities told Aiming to curb malpractices in online shopping like "dark pattern", the government on Tuesday held deliberations with leading e-commerce entities like Amazon and Flipkart among others. According to sources aware of the developments, the Department of Consumer Affairs called the meeting with leading e-commerce platforms to discuss the menace of "dark pattern" often seen during online transactions by customers. "Dark pattern" refers to misleading offers which...
Curb malpractices like 'dark pattern' during online shopping, e-commerce entities told
Curb malpractices like 'dark pattern' during online shopping, e-commerce entities told
Source: IANS
14/06/2023 10:13:31 AM
itel S23, India`s 1st smartphone with 16GB RAM at Rs 8,799, to go on sale from June 14, exclusively on Amazon  itel Mobile India on Tuesday announced that its premium flagship smartphone 'itel S23' with 16 GB RAM will go on sale from June 14, exclusively on Amazon. Available in two stunning colours -- Starry Black and Mystery White -- the itel S23 is priced at Rs 8,799. The itel S23 redefines elegance and performance in its segment and comes equipped with a stunning super clear 50MP rear camera, and an impressive 8MP Glowing AI front camera with flash, enabling the S23 to capture e...
itel S23, India`s 1st smartphone with 16GB RAM at Rs 8,799, to go on sale from June 14, exclusively on Amazon
itel S23, India`s 1st smartphone with 16GB RAM at Rs 8,799, to go on sale from June 14, exclusively on Amazon
Source: IANS
13/06/2023 4:46:46 PM
Amazon may launch ad-supported tier of Prime Video Amazon is reportedly planning to launch an advertising-supported tier of its streaming platform 'Prime Video' as it aims to expand its ad business and increase revenue from entertainment. According to The Wall Street Journal, citing sources, the discussions are still "in the early stages" and have been ongoing for a few weeks. Currently, Amazon provides Prime Video as a standalone subscription for $8.99 per month or as part of its $14.99 per month Prime membership. ...
Amazon may launch ad-supported tier of Prime Video
Amazon may launch ad-supported tier of Prime Video
Source: IANS
8/06/2023 10:11:06 AM
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources  Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal's closure by July, three people with direct knowledge said. The Indian REIT of one of the world's largest alternative asset groups Brookfield manages 18.7 million square feet (1.7 million square metres) of office parks and buildings in cities such as Mumbai, Kolkata and Gurugram near New Delhi. Its tenants i...
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Source: Reuters
5/06/2023 11:07:51 AM
iOS 17 new feature may turn locked iPhones into smart home displays Apple is reportedly planning to release a new feature that will turn locked iPhones into smart home-style displays with iOS 17. According to Bloomberg's Mark Gurman, the phone's interface will display information like calendar appointments, weather, and notifications when it's locked and placed horizontally. Gurman also mentioned that the interface will work similarly to smart home devices from Google and Amazon. Moreover, the report mentioned that the feature will utilis...
iOS 17 new feature may turn locked iPhones into smart home displays
iOS 17 new feature may turn locked iPhones into smart home displays
Source: IANS
25/05/2023 10:12:15 AM
Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030  Portending an alarming situation, Indian e-commerce is expected to grow 1000 percent and emissions will shoot up by 8 million tons (80 Lakh) by 2030, as per a new research by the Clean Mobility Collective (CMC) and Stand.earth Research Group (SRG), released globally on Wednesday. The domestic e-commerce market is likely to witness a 10-fold hike - from the current levels of 4-billion parcels delivered per annum to 40 billion per year by 2030. The total annual emissions from this s...
Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030
Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030
Source: IANS
24/05/2023 4:22:39 PM
Blackstone platform bets on Indian data binge, in talks with Microsoft, Amazon NEW DELHI - Blackstone is in talks with companies including Microsoft and Amazon to build Indian data centres for them to meet growing storage and processing demand, the CEO of its Lumina CloudInfra data centre platform told Reuters. COVID-19 created a shift in data consumption habits with more people working remotely and a spike in the use of social media, streaming platforms and e-commerce. This caused a "data explosion", said Anil Reddy, global CEO of Lumina, which is owned...
Blackstone platform bets on Indian data binge, in talks with Microsoft, Amazon
Blackstone platform bets on Indian data binge, in talks with Microsoft, Amazon
Source: Reuters
23/05/2023 7:42:40 PM
realme transforming smartphone landscape with next-level innovations  Over the past decade, the smartphone industry has witnessed remarkable advancements, revolutionising the way people perceive and utilise mobile devices. A decade ago, users primarily sought basic functionality in an entry-level smartphone, such as calling, texting, and accessing the internet. However, in today's tech-savvy world, users' expectations for entry-level smartphones have significantly expanded. Today, users anticipate a host of features, including larger and hig...
realme transforming smartphone landscape with next-level innovations
realme transforming smartphone landscape with next-level innovations
Source: IANS
23/05/2023 11:11:55 AM
Factbox-Amazon to Walmart, investors in India boost Narendra Modi ahead of vote Indian Prime Minister Narendra Modi this week trumpeted a flurry of investment by global companies as he tries to create more jobs ahead of a general election due in the first half of next year. Amazon.com Inc's cloud computing division on Thursday became the latest company to announce an investment in the world's most populous country. Following are some recent investment announcements, mostly by U.S. companies. AMAZON Amazon Web Services said it planned to invest $13 bil...
Factbox-Amazon to Walmart, investors in India boost Narendra Modi ahead of vote
Factbox-Amazon to Walmart, investors in India boost Narendra Modi ahead of vote
Source: Reuters
18/05/2023 12:48:09 PM
Amazon unveils new Echo devices including Buds, Pop speaker Amazon has unveiled a new lineup of Echo devices, including -- Echo Pop, Echo Show 5 and Echo Show 5 Kids, and all-new Echo Buds -- giving customers even more ways to interact with Alexa. In addition, the company said that Echo Auto, which brings the convenience of Alexa to your vehicle, is now available for customers in Australia, Canada, the UK, Germany, France, Italy, Spain, and Japan. "These new devices give customers more options and more utility at incredible value. And as wi...
Amazon unveils new Echo devices including Buds, Pop speaker
Amazon unveils new Echo devices including Buds, Pop speaker
Source: IANS
18/05/2023 11:14:05 AM
India names former senior tourism official as head of antitrust body India has named Ravneet Kaur as chairperson of the country's antitrust body, the Competition Commission of India, for a period of five years, according to a government order seen by Reuters on Tuesday. Kaur has held several positions in the government over the last two decades, including as chairperson of India Tourism Development Corp between 2017 and 2019, Kaur's LinkedIn profile showed. The appointment comes after months of delay in appointing the head of the watchdog, which ...
India names former senior tourism official as head of antitrust body
India names former senior tourism official as head of antitrust body
Source: Reuters
16/05/2023 11:28:37 AM
Amazon to focus on using AI to speed up delivery services Amazon has said that it will be focusing on using artificial intelligence (AI) to speed up delivery services, aiming to minimise the distance between its products and customers, the media reported on Monday. The Vice President of Customer Fulfillment and Global Operations Services for North America and Europe at Amazon, Stefano Perego, shed light on the remarkable ways in which the company harnesses the power of AI to revolutionise its logistics operations, highlighting transportation as o...
Amazon to focus on using AI to speed up delivery services
Amazon to focus on using AI to speed up delivery services
Source: IANS
15/05/2023 5:23:20 PM
Food-tech startup Pluckk acquires 100% stake in Meal Kit brand KOOK Pluckk, a first-of-its-kind digital lifestyle-oriented fresh food brand in the Fruits and Vegetables (F&V) space, has announced the acquisition of KOOK, an Indian food-tech startup that offers a range of DIY Meal Kits for consumers, at a deal value of $ 1.3 million through a combination of cash and equity. KOOK offers DIY Meal Kits that make cooking easier for everyone by providing pre-portioned ingredients and easy-to-follow recipes. With a reputation for catering to various dietary p...
Food-tech startup Pluckk acquires 100% stake in Meal Kit brand KOOK
Food-tech startup Pluckk acquires 100% stake in Meal Kit brand KOOK
Source: IANS
2/05/2023 11:52:38 AM
Amazon building more `generalised & capable` AI model to power Alexa: CEO Inspired by the ChatGPT success, Amazon is now building a large language model (LLM) to power Alexa that's much larger and much more "generalised and capable", which is going to rapidly accelerate the vision of offering the world's best personal assistant. Amazon CEO Andy Jassy said that ChatGPT is a good example of an application that's being built. "We'll build some of those applications ourselves. So for instance, we think one of the most compelling app...
Amazon building more `generalised & capable` AI model to power Alexa: CEO
Amazon building more `generalised & capable` AI model to power Alexa: CEO
Source: IANS
30/04/2023 11:46:12 AM
CMAI commences the 3rd edition of Indian Garment Industry`s largest Supply Chain B2B event - the CMAI FAB Show 2023 Clothing Manufacturers Association of India (CMAI) commenced the 3rd edition of their annual B2B event the Fabrics, Accessories & Beyond Show 2023 (FAB Show 2023) on April 26, 2023. The Fab Show 2023 along with the Vendor Sourcing Fair 2023 (VSF 2023) will be held from April 26 to 28, 2023 in Mumbai at the Bombay Exhibition Centre at NESCO Complex. The CMAI Fab Show and the VENDOR SOURCING FAIR were inaugurated by Mr. Cem Altan, President, International Apparel Federatio...
CMAI commences the 3rd edition of Indian Garment Industry`s largest Supply Chain B2B event - the CMAI FAB Show 2023
CMAI commences the 3rd edition of Indian Garment Industry`s largest Supply Chain B2B event - the CMAI FAB Show 2023
Source: PR Agency
27/04/2023 2:38:35 PM
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024 Zypp Electric on Tuesday said it will deploy 1 lakh e-scooters for online food delivery platform Zomato by 2024. The company said that the association is part of a larger plan of Zomato to go completely electric by 2030. "This association will enable us to significantly reduce carbon emissions and bring more sustainable last-mile delivery options to our customers. We look forward to working together to create more efficient and environment friendly deliveries," said Mohit Sard...
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Source: IANS
25/04/2023 11:01:35 AM
OTT to the rescue of the cinema business The business of cinema has come a full circle. OTT platforms, which majorly depend on films as their prime content provider, are now facing a shortage of supply. Feature films carry a universal appeal and are the biggest draw for eyeballs on the OTT platforms. People may have followed some web series on OTT, especially during the Covid-19 pandemic lock down and explored content from all over the world. That was because the supply of new films had halted. Still, feature films ruled the OTT ...
OTT to the rescue of the cinema business
OTT to the rescue of the cinema business
Source: IANS
23/04/2023 12:15:52 PM
TCS best place to work in India, esports platforms make it to top list Tata Consultancy Services (TCS) has emerged as the top company among the best places to work in India this year, followed by Amazon and Morgan Stanley, a LinkedIn report said on Wednesday. For the first time, companies such as Dream11 (20th) and Games24x7 (24the) from esports and gaming made it to the list, which is reflective of the growing popularity of gaming and the presence of this sector. There has been an emergence of new players, with 17 out of 25 companies debuting in the list,...
TCS best place to work in India, esports platforms make it to top list
TCS best place to work in India, esports platforms make it to top list
Source: IANS
19/04/2023 10:46:04 AM
Amazon enters generative AI space with AI startup accelerator Amazon has now entered the growing generative artificial intelligence (AI) market, with launching an AI accelerator to help startups working in the field. The Amazon Web Services (AWS) 'Generative AI Accelerator' is a global programme for 10 Generative AI startups that can demonstrate early-stage traction. Selected startups will get up to $300,000 in AWS credits to help build their AI services and solutions. Applications are open for the next two weeks and 10 startups will be...
Amazon enters generative AI space with AI startup accelerator
Amazon enters generative AI space with AI startup accelerator
Source: IANS
5/04/2023 11:05:14 AM
Dell becomes India`s Most Trusted, Xiaomi Mobiles 2nd and Titan is 3rd in TRA`s Brand Trust Report 2023 Dell has been ranked as India’s Most Trusted Brand for the fourth consecutive year in TRA’s Brand Trust Report (BTR) 2023. Xiaomi Mobiles leads the Mobile Phone Category and is 2nd ranked for the third year and Titan Watches (up +5 ranks) is the 3rd Most Trusted Brand in India in 2023. TRA’s BTR 2023 is the twelfth edition in its series and is a result of a syndicated research of 2500+ consumer-influencers across 16 Indian cities. BMW (+3 ranks) is ranked 4th&nb...
Dell becomes India`s Most Trusted, Xiaomi Mobiles 2nd and Titan is 3rd in TRA`s Brand Trust Report 2023
Dell becomes India`s Most Trusted, Xiaomi Mobiles 2nd and Titan is 3rd in TRA`s Brand Trust Report 2023
Source: PR Agency
27/03/2023 3:36:10 PM
India`s Tata Group mulls pumping $2 billion into super app venture Indian salt-to-software conglomerate Tata Group is considering injecting another $2 billion into its super app venture to bolster its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. The funds would help the group's online platform Tata Neu strengthen its digital offerings, fix technical glitches, and meet any new spending needs, the report said. The injection would take place over two years if the deal goes through, it added. Tata Gr...
India`s Tata Group mulls pumping $2 billion into super app venture
India`s Tata Group mulls pumping $2 billion into super app venture
Source: Reuters
23/03/2023 4:32:15 PM