Author: Ansh Singh

New Delhi: Boldfit, a leading homegrown fitness and sports major specializing in premium apparel, supplements, and fitness accessories, is thrilled to announce its multi-year collaboration with the Chennai Super Kings (CSK) as its Official Merchandise Partner. With a shared passion for excellence and commitment to empowering individuals to achieve their fitness goals, Boldfit and CSK have launched an exclusive line of fitness accessories and fanwear, celebrating the ‘Yellove’ fandom. The collaboration between the two marks an exciting milestone for both brands. Through this partnership, fans can expect a wide array of exclusive merchandise including jerseys, caps, accessories, and more, designed…

New Delhi: Clear Premium Water, the flagship product of Energy Beverages Pvt. Ltd. (EBPL), has reached a significant milestone in its mission to provide safe and clean drinking water to millions. With a steadfast commitment to quality and a focus on social and environmental responsibility, Clear Premium Water has successfully reached 1600 HoReCa (Hotels, Restaurants, and Catering) clients by March 2024, marking a substantial increase from the 90 HORECA clients it had In 2020. Currently, HoReCa is contributing 50% of the brand’s overall sales. Established in 2005, Clear Premium Water has been at the forefront of redefining industry standards while…

New Delhi: Varco Leg Care, the world’s first dedicated leg care brand, has raised a cumulative of US$ 0.5 Million (over INR 4.5 Cr) in seed funding while doubling its valuation within a span of only 10 months. The recently concluded seed round was led by Sunicon Maiden Fund, an early-stage venture fund curated by Sunicon Ventures. Varco Leg Care will be utilizing the newly acquired seed capital to strategically bolster capabilities across various fronts, which include enhancing offline touchpoints, advancing research and development (R&D) initiatives, and scaling and optimizing marketing efforts. Additionally, the company would be allocating significant funds…

New Delhi: Amazon has expanded its utilization of robotics, with over 750,000 robots now operating alongside its workforce, making it the world’s second-largest private employer. Despite a decrease of over 100,000 human employees since 2021, the company maintains its commitment to innovation in its supply chain through the integration of advanced technologies.  The robots, including newly developed models like Sequoia and Digit, are primarily tasked with repetitive functions, thereby enhancing efficiency, safety, and delivery speed for Amazon’s customers. Sequoia optimizes inventory management and order processing in fulfilment centres, while Digit, a bipedal robot co-developed with Agility Robotics, assists in tasks such…

New Delhi: Bharat Web3 Association (BWA) and Japan ANICANA Dealers Association (JADA) have announced the signing of a Memorandum of Understanding (MoU) to explore collaborative opportunities in the realm of Web3 technologies. The MoU outlines the key terms for a potential future Partnership Agreement between the two entities. The Agreement sets the stage for both BWA and JADA to engage in joint initiatives focused on Web3-related advocacy, educational conferences, expos, workshops, and thought leadership activities. This collaboration aims to foster a conducive environment for knowledge-sharing, innovation, and industry advancement within the Web3 ecosystem. By engaging in these collective endeavours, BWA…

New Delhi: Arjun Mohan, CEO of Byju’s India, has stepped down from his position after seven months, with founder Byju Raveendran assuming control of the company. Mohan will transition to an external advisory role. The decision comes amidst challenges including debt repayment, employee salaries, and vendor dues. The company stated that Mohan’s departure follows a comprehensive operational review and cost optimization initiative he led. Byju’s intends to restructure its operations into three divisions—learning app, online classes, and tuition centers, and test prep—each to be led by separate executives to enhance cost efficiency. Byju’s recent struggles have been compounded by conflicts…

New Delhi: Billionaire William Henry Gates, more commonly known as Bill Gates at 63, expresses concern that AI possesses capabilities beyond mere task completion and could potentially even threaten his own role. Gates discussed his apprehensions on the podcast ‘Unconfuse Me With Bill Gates’ alongside Sam Altman, the co-founder of OpenAI, covering various aspects of AI.  This apprehension is not new, as evidenced by warnings from the IMF chief predicting a loss of 60% of jobs to AI in advanced economies. While a UN study suggests that this scenario is not immediate, there is a noted vulnerability among women to AI displacement. The advent of OpenAI’s ChatGPT, for instance,…

New Delhi: The Ministry of Commerce has issued a directive to e-commerce platforms, urging them to remove Bournvita and similar beverages from the category of “health drinks.” This move comes after the ministry highlighted the absence of a specific “health drink” category defined under the Food Safety and Standards Act (FSS Act 2006). Citing the findings of the National Commission for Protection of Child Rights (NCPCR), the Ministry clarified that there is no official definition for “health drinks” within the framework of the FSS Act 2006, as corroborated by submissions from the Food Safety and Standards Authority of India (FSSAI)…

New Delhi: HDFC Bank, a big player in banking, just opened a branch on Kavaratti Island in Lakshadweep, making it the only private bank there. The event was attended by important people like Captain Lovekesh Thakur and Dr. K.P. Muthukoya, along with HDFC Bank executives. The bank plans to offer various services, especially digital banking like QR-based transactions, to the people there. Currently, HDFC Bank has over 8,000 branches and 20,000 ATMs across India, with more than half located in smaller towns and rural areas. Sampathkumar, who heads retail banking, is excited about the new branch. He hopes the bank…

New Delhi: Suzie Cheikho, a long-term employee at Insurance Australia Group (IAG), found herself dismissed in February 2023 after the company utilized keystroke monitoring technology to assess her performance while working remotely. Over her 18-year tenure, Cheikho’s termination came as a shock, especially as the company cited her laptop activity, such as late logins, early logouts, and low keystroke counts, as evidence of inadequate job performance. Expressing her dismay in a since-deleted TikTok video, Cheikho questioned the reasoning behind her dismissal, lamenting the potential impact on her future employability and the online harassment she’s faced since her story gained attention.…