New Delhi: Thierry Delaporte, the former CEO and managing director of Wipro, earned over $20 million (approximately Rs 166 crore) in FY24, making him the highest-paid CEO in the Indian IT sector for the second consecutive year. Wipro reported incurring severance-related expenses of Rs 92.1 crore for the departing CEO in FY24. Delaporte stepped down on April 6, with Srinivas Pallia, a Wipro veteran of 32 years, succeeding him. According to Wipro’s 20-F filings with the US Securities and Exchange Commission, Delaporte’s earnings for FY24 included over $3.9 million in salary and allowances, more than $5 million in commission/variable pay,…
Author: Ansh Singh
Ansh Singh
Ansh Singh is a journalist and writer who covers Entrepreneurship, Business, Startups, and Fintech. When not working, you will find him reading insightful case studies, exploring ideas online, and journaling by the beach.
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With India’s recent elections over and a new government in place, Meta has lifted its ban on election-related queries for its Meta AI chatbot. Meanwhile, Google still has restrictions on these types of queries worldwide. Meta’s Approach: Meta’s decision means you can now use Meta AI to find information about India’s election results, politicians, and officeholders. TechCrunch tested it and confirmed Meta AI provides answers on these topics. Earlier, during the elections starting in April, Meta AI would direct users to the Election Commission’s website for any political information. At that time, a Meta spokesperson explained, “This is a new…
New Delhi: Two years ago, a Fisker Inc. employee shared concerns that went beyond whether their Ocean SUV would be built. Fisker had contracted Magna, a respected car maker, to handle production, making the ambitious November 2022 start date seem possible. However, the employee was more worried about Fisker’s ability to manage the problems that come after the car hits the road. The focus seemed to be on building the car, not on building the company. This concern echoed a previous failure by Fisker founder Henrik Fisker. His earlier company, Fisker Automotive, managed to release a hybrid sports car but…
New Delhi: Gautam Solar, a leader in Indian Solar Panel Manufacturing is going to showcase Next-gen N-type TOPCon Solar Panels at Intersolar Europe 2024 to be held in Munich, Germany from 19th to 21st June, 2024. Gautam Solar’s latest line of Solar Panels is available in power range of 580 Wp – 590 Wp and feature 144 Half-Cut Cells with maximum efficiency up to 22.84%. Visitors at Messe München Centre can visit Booth No. A1.509 to experience the cutting-edge Solar Panels on display. Using a combination of pioneering German Technology (N-type TOPCon technology was first developed by Fraunhofer ISE) and…
New Delhi: Google has launched its AI-powered Gemini mobile app in India, more than four months after it first came out in the U.S. This app supports nine Indian languages, including Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu, and Urdu—along with English. Users can interact with the AI in these languages by either typing or speaking, as announced on Tuesday. The Gemini app in India is powered by Gemini 1.0 Pro by default, but users can opt for a premium version to access the Gemini Advanced experience. This advanced version, based on Gemini 1.5 Pro, features a 1 million…
New Delhi: HearClear, a startup providing advanced hearing care solutions, launched a new clinic in Mumbai at Hiranandani Estate. The launch of the clinic is a testament to the brand’s endeavour of improving the accessibility of advanced hearing care solutions across the country. In India with a population of 1.3 billion, approximately 7% suffer from hearing loss issues. Despite the significant number, less than 0.5% have taken steps to address the hearing impairment issue. Even among those who have addressed the hearing loss issue, it is only 10% that wear two hearing aids. Looking at the gap in the accessibility…
New Delhi: Zomato is in talks to buy Paytm’s movie ticketing and events business. This move fits with Zomato’s goal to expand its ‘going out’ services and strengthen its presence in the entertainment sector. The deal, which is reportedly worth around ₹1,500 crore, would be Zomato’s second-largest purchase after acquiring Blinkit (formerly Grofers) in 2021. In a recent update to the stock exchanges, Zomato confirmed that it is discussing the purchase with Paytm but clarified that no final decision has been made yet. Therefore, there has been no need for Board approval or official disclosure. Zomato said this potential acquisition…
Mumbai: Naiknavare Developers, a company headquartered in Pune is proud to announce the successful handover of homes to 80 families at their Slum Rehabilitation project, ‘Jagruti’, located at Vakola, Santacruz in Mumbai. This significant milestone marks the completion of the 2nd tower in the project spread across approximately 12 acres. The Jagruti Slum Rehabilitation project commenced on December 15, 2022, and spans a total development area of approximately 45,000 square meters. The tower being handed over is a G+9 structure and accommodates 80 families, with each unit conforming to the statutory norm of 300 sq. ft. carpet area. Mr. Hemant…
New Delhi: Shares of One97 Communications, the parent company of Paytm, jumped by nine percent on Thursday, June 13, after announcing a partnership with Samsung. This partnership will add travel and entertainment services to Samsung Wallet in India. Samsung plans to introduce features like flight, bus, movie, and event ticket bookings, making it easier for consumers to book these services directly through Samsung Wallet, using Paytm’s wide range of services. The stock reached a high of Rs 439 on the NSE in the morning, marking its third day in a row of gains. Before this, the stock closed at Rs…
New Delhi: CYK Hospitalities, a leading end-to-end F&B consultancy, has curated the launch of Casa Dona, a Mexican QSR in D.L.F Cyber Park, Gurugram. This is the second outlet of Casa Doña, first being at Hudson Lane, Delhi. CYK has helped Casa Dona with each and every detail that goes well with the Mexican QSR. From logo design to brand identity development and packaging design, to menu curation and execution and identifying the best location for the QSR, CYK has dedicated itself to ensuring that every aspect of Casa Dona’s presentation reflects a commitment to excellence and innovation. CYK has…
