Google has launched a strategic partnership with MeitY Startup Hub to train 10,000 startups in artificial intelligence (AI), aiming to empower India’s burgeoning startup ecosystem. This initiative is part of Google’s broader commitment to democratize AI technologies and foster innovation across the country.
At the Google I/O Connect Bengaluru 2024 event, the tech giant unveiled comprehensive…
In a strategic move aimed at bolstering its financial standing and driving future growth initiatives, Zee Entertainment Enterprises Ltd. has unveiled plans to raise $239 million through the issuance of Foreign Currency Convertible Bonds (FCCBs). The decision was formally announced following a board meeting where the company’s directors approved the issuance on a private placement basis to…
K. Krithivasan, often known simply as K.K., is a notable figure whose contributions span various fields, including academia, research, and public service. His journey is marked by significant achievements and a commitment to advancing knowledge and societal progress. Let’s delve into the top 10 facts that highlight the life and impact of K. Krithivasan.
Early Life and Education
K.
Meta, the parent company of Facebook, has introduced Verified plans tailored for businesses operating on Facebook, Instagram, and WhatsApp in India. This initiative aims to provide enhanced tools and support for businesses to manage their online presence effectively.
Subscription Plans Overview
Meta offers four distinct subscription plans targeted at businesses looking to elevate their online…
Zomato’s founder and CEO, Deepinder Goyal, has joined the billionaire ranks as a result of the company’s remarkable stock performance. Since hitting a low point in July 2023, Zomato’s shares have soared by more than 300%, reaching an all-time high of Rs 232 on the Bombay Stock Exchange.
Goyal’s net worth has surged to over Rs 8,000 crore, propelled by Zomato’s market capitalization…
Jio Financial Services Ltd. has achieved a significant milestone with the Reserve Bank of India (RBI) granting approval for its transition from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC). This move marks a strategic shift for the company, positioning it to enhance its role in the financial services sector.
Transition to Core Investment Company
In a regulatory filing…
Quant Mutual Fund has reported a milestone with its assets under management (AUM) reaching an all-time high of over Rs 94,000 crore as of July 12, 2024. This achievement coincides with record net asset values (NAVs) across most of its schemes, the fund house disclosed in a recent communication to investors.
Earlier in the day, Quant Mutual Fund addressed investors via email, clarifying recent…
Chicken Soup for the Soul Entertainment has announced the closure of Redbox, marking the end of an era for the iconic DVD rental kiosk business. Following the conversion of its Chapter 11 bankruptcy to Chapter 7 liquidation proceedings, the parent company has ceased operations, leaving over 1,000 employees without jobs or severance benefits.
Redbox, known for its network of 24,000 DVD rental…
SoftBank Group, based in Japan, has acquired Graphcore, a prominent player in the AI chip market, in a move expected to redefine the landscape of artificial intelligence hardware. The acquisition, finalized for an undisclosed sum, resolves uncertainty surrounding Graphcore’s future and positions it to challenge industry leaders like Nvidia.
Graphcore, once valued at $2.77 billion by the end of…
Estee Lauder announced on Thursday that Tracey Travis, who has served as Chief Financial Officer for the past 12 years, will retire effective June 30, 2025, signaling a strategic shift amidst ongoing market challenges.
The company has already identified a successor for Travis, with the appointment expected to be announced in the coming weeks. Travis, credited for overseeing Estee Lauder’s…
