E-commerce giant Meesho has made significant strides in reducing its customer support costs, thanks to the integration of generative artificial intelligence (GenAI) into its operations. Sanjeev Barnwal, the founder and chief technology officer (CTO) of Meesho, revealed that the company has successfully automated 95% of its customer support chats, resulting in a remarkable 90% reduction in related…
This week’s IPO lineup includes the highly anticipated Saraswati Saree Depot Ltd on the mainboard and four SME issues aiming to raise a total of ₹257 crore from investors. Here’s a detailed look at the new public offers set to open for subscription.
Mainboard IPO
Saraswati Saree Depot Ltd
Issue Size: ₹160 crore
Subscription Dates: August 12 – August 14, 2024
Price Band: ₹152 to ₹160…
At the D23 Expo in Anaheim, Miley Cyrus made history by becoming the youngest recipient of the prestigious Disney Legend award. The accolade, given in recognition of her significant contributions to Disney’s legacy, was presented to Cyrus in an emotional ceremony that highlighted her transformative journey from child star to global pop icon.
The event was marked by a lively introduction from…
In a world where love and wealth often intertwine, the wealthiest couples stand out not just for their financial success but for their remarkable partnerships. These couples have built empires together, combining their resources, talents, and visions to create legacies that extend beyond their personal lives. Their stories highlight collaboration, shared dreams, and the power of unity in achieving…
In the ever-evolving digital landscape, few have had as profound an impact on understanding internet trends as Mary Meeker. Her annual Internet Trends Reports have been pivotal in shaping the tech world’s strategic decisions for over two decades. From her early days as a stockbroker to becoming a leading venture capitalist and tech visionary, Meeker’s insights have been a cornerstone for…
Mary Barra’s journey from a General Motors (GM) intern to the chairperson and CEO of one of the world’s largest automakers is a story of visionary leadership and relentless drive. Her success is not merely a result of her technical expertise or managerial skills but a combination of foresight, adaptability, and an unwavering commitment to innovation. This article delves into the strategies and…
The Association of Mutual Funds in India (AMFI) has voiced its support for SEBI Chief Madhabi Puri Buch, rejecting claims from the recent Hindenburg report that aim to “create a trust deficit in the market ecosystem.” The report, issued by US short-seller Hindenburg Research, alleged that SEBI’s perceived inaction against the Adani Group could be connected to Buch’s investments in offshore…
Coffee Day Enterprises Ltd (CDEL) experienced a significant drop in its share price on Monday, August 12, 2024, as the company’s financial troubles took a new turn. The stock tumbled 19.47%, hitting a day low of Rs 37.55, and was last seen trading 15.14% lower at Rs 39.57. This latest decline extends the company’s losing streak to three consecutive trading sessions. The fall in the stock price…
A heated controversy has emerged in India’s digital navigation industry, centered around the new Ola Maps launched by Ola Electric. Rohan Verma, CEO and Executive Director of MapmyIndia, has publicly denounced Ola’s map as a “gimmick,” sparking a significant legal dispute between the two companies. The conflict underscores the competitive and high-stakes nature of the digital navigation…
The Adani Group’s stock prices have taken a significant hit this Monday, with all major stocks in the conglomerate opening in the red. Adani Enterprises saw a sharp decline of 3.5%, while Adani Power plummeted nearly 5%. This downturn comes in the wake of an escalating controversy involving the Hindenburg Research report and a contentious response from the Securities and Exchange Board of India…
