Bloomin’ Brands, the parent company of Outback Steakhouse, has appointed Michael Spanos as its new CEO. Spanos, who recently left his position as Chief Operating Officer at Delta Air Lines, takes over from David Deno, who announced his retirement in May.
Spanos’s departure from Delta, following a tumultuous period marked by a major CrowdStrike-related outage that disrupted thousands of…
During the latest earnings season, consumer-facing companies have observed a shift in shopping behaviors towards value-seeking. Lei Chen, co-CEO of PDD Holdings, the parent company of Chinese e-commerce platform Temu, has coined the term “rational consumers” to describe this trend.
In a recent earnings call, Chen characterized these consumers as making more “thoughtful” choices, balancing…
Ruchir Sharma, a prominent global investor and author, will be the distinguished guest at the Express Adda event in Mumbai this Tuesday. Sharma, who serves as Chairman of Rockefeller International and Founder and Chief Investment Officer of Breakout Capital, is set to offer his expert analysis on capitalism and the factors shaping both global and domestic economies.
Sharma’s latest book, What…
Pavel Durov: From VKontakte Visionary to Telegram Titan—A Journey Through Innovation and Controversy
Pavel Durov, born on October 10, 1984, in Leningrad (now Saint Petersburg), Russia, is a prominent tech entrepreneur renowned for his creation of the social networking site VKontakte (VK) and the encrypted messaging app Telegram. His journey from a young student to a global tech leader is marked by both groundbreaking achievements and notable controversies.
Early Life and Education
Durov’s…
Rebel Foods, the Mumbai-based cloud kitchen startup behind brands like Faasos, Oven Story, and Behrouz Biryani, is negotiating a $120 million funding round led by Singapore’s Temasek. This new round, if completed, will mark another significant investment in the Indian startup ecosystem, echoing the large funding rounds seen recently by startups like Zepto and Meesho.
The funding is being sought…
Meta-owned WhatsApp is taking video calling to the next level with augmented reality (AR) effects and filters, currently being tested for iPhone users. According to update tracker WABetainfo, these new AR features have been introduced in the iOS 24.17.10.74 update available on TestFlight.
The AR capabilities aim to enhance video calling with a variety of new tools. Users will soon be able to apply…
Bharat Heavy Electricals Ltd (BHEL) has announced that it has been awarded a ₹11,000 crore contract from Adani Power and its subsidiary, Mahan Energen Ltd (MEL). The contract involves setting up three supercritical thermal power projects, each with a capacity of 2×800 MW. The projects will be located in Kawai, Rajasthan, and Mahan, Madhya Pradesh.
BHEL’s role includes supplying equipment and…
Earlier this month, tech executives from Google DeepMind, Microsoft, and Meta Platforms converged in Bangalore to witness a major development from one of India’s leading AI startups. Sarvam AI, often compared to India’s version of OpenAI, unveiled a groundbreaking product that could revolutionize the use of AI in the country. Their new software enables businesses to interact with customers…
Fintech lending startup Axio has successfully raised $20 million in its latest equity funding round, led by Amazon Smbhav Venture Fund. The funding will be directed towards scaling operations, expanding use cases for checkout finance, and broadening its range of credit products to serve customers throughout their financial journeys.
This investment comes amid a surge in equity deals within the…
In a recent discussion with NDTV Profit, Anupam Mittal, Shark Tank India judge and founder of Shaadi.com, coined the term “great Indian tech ghar wapsi” to describe the notable trend of startups relocating back to India. Mittal highlighted this shift as a reflection of the burgeoning confidence and opportunities within India’s domestic markets.
Mittal elaborated that the return of startups…
