New Delhi: Zomato has opted to abandon the green dress code for delivery riders tasked with transporting exclusively vegetarian food following substantial criticism on social media. CEO Deepinder Goyal addressed the controversy and announced the decision via social media platforms. In a statement shared on X (formerly Twitter), Goyal stated, “While we will continue to maintain a fleet for vegetarians, we have opted to eliminate the on-ground differentiation of this fleet based on the colour green. Both our regular fleet and our vegetarian fleet will now wear the colour red.” He further explained, “This means that the fleet designated for…
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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New Delhi: During a stimulating session entitled ‘Harnessing the Power of AI: A Journey of Creativity and Innovation’ at the Aayush Ailawadi facilitated an insightful discussion on the impact of Artificial Intelligence (AI) on employment. The conversation featured contributions from Vyshak Venugopalan, Director of Solution Consulting at Adobe India, and Samik Roy, Executive Director for India & South Asia at Microsoft. When addressing the perennial question of whether AI will replace human jobs, Samik Roy of Microsoft provided historical context: “This is a recurring debate that arises with every new invention. When the steam engine was introduced, concerns arose about job…
New Delhi: NR Narayana Murthy, the co-founder of Infosys, has recently made headlines by gifting shares worth more than ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty. Ekagrah now holds 1,500,000 shares of Infosys, which represents a 0.04 percent ownership stake in the company. This transaction took place outside the public market, as indicated by an exchange filing. Following this gift, Mr Murthy’s own stake in Infosys has decreased from 0.40 percent to 0.36 percent, equivalent to 1.51 crore shares. Ekagrah, born in November 2023 to Rohan Murty and Aparna Krishnan, is the third grandchild of Narayan and Sudha Murty, who are…
New Delhi: Researchers in Sydney are making significant strides in brain-computer interface (BCI) technology, surpassing even Elon Musk’s Neuralink, which garnered substantial attention earlier this year. While Neuralink made headlines for implanting a computer chip into a human and enabling control of a computer mouse with thoughts, skepticism remains about the project’s details and potential risks such as brain privacy and hacking. Dr. Steve Kassem from Neuroscience Research Australia advises caution with Neuralink’s developments, noting that Australia is a hub for neurological research. One notable project at the University of Technology Sydney involves demonstrating how soldiers can control a robot…
New Delhi: Google is facing renewed scrutiny from the Competition Commission of India (CCI) over allegations of unfair pricing practices. The watchdog has initiated an investigation into Google’s pricing model, accusing the tech giant of leveraging its market dominance to implement discriminatory pricing policies. According to the CCI’s order, Google’s pricing policies on its app marketplace, Google Play, discriminate between physical and digital services. While certain apps offering services like food delivery or ride-hailing are exempt from fees, digital services such as dating or music streaming platforms are subjected to significant charges ranging from 11% to 30%. This investigation follows…
New Delhi: India has decided to backtrack on its recent AI advisory following criticism from both local and global entrepreneurs and investors. The Ministry of Electronics and IT issued an updated AI advisory to industry stakeholders, removing the requirement for government approval before launching or deploying an AI model to users in the South Asian market. Instead, firms are now encouraged to label under-tested and unreliable AI models to inform users of potential issues. This revision comes after severe criticism earlier this month, with Martin Casado, a partner at venture firm Andreessen Horowitz, calling India’s initial move “a travesty.” The…
New Delhi: A signboard along a secluded road in Kodagu, Karnataka, warns travellers of a potential mistake by Google Maps. The sign reads, “Google is mistaken. This road does not lead to Club Mahindra.” Locals erected the sign after growing weary of lost travellers seeking directions due to Google Maps’ inaccuracies. This image of the signboard circulated on social media platforms, sparking a discussion among users. Some criticized Google for its lack of user correction capabilities, suggesting that the company’s admin team arbitrarily rejects edits. Others shared personal experiences of being misled by Google Maps, highlighting instances where they had to…
New Delhi: One97 Communications Ltd, the parent company of Paytm, has been granted approval by the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP) within the UPI framework under a multi-bank model. Under this arrangement, Axis Bank, HDFC Bank, State Bank of India, and YES Bank will serve as Payment System Provider (PSP) banks for Paytm. In addition to their role as PSP banks, YES Bank will also serve as the merchant acquiring bank for both existing and new UPI merchants associated with One97 Communications Ltd. NPCI has stated that the @Paytm handle will…
Hyderabad: Recordent Pvt Ltd, India’s leading credit and collections management software platform, signs MoU with the International Federation of Electric Vehicle Association (iFEVA), India’s nonprofit organization dedicated to fostering the growth and development of the electric vehicle (EV) sector. Through this strategic alliance, Recordent is committed to extending its cutting-edge credit, collections, and recovery solutions to iFEVA member businesses, marking a pivotal moment in the evolution of the electric vehicle industry. The collaboration aims to establish an ecosystem of creditworthy sellers and buyers within the EV sector, empowering businesses to focus on their overall growth trajectory. This partnership underscores Recordent’Recordent’sg…
Mumbai: JM Financial Private Equity (the “Fund”) has finalized an investment of INR 45 Cr in Energy Beverages Pvt. Ltd. (“Clear” or the “Company”). Energy Beverages Private Limited owns a fast-growing national bottled water brand, “Clear.” Founded by first-generation entrepreneur Nayan Shah, the Company has emerged to become a leading player in the HoReCa (hotels, restaurants & cafés) segment and is gaining a footprint in the retail market in India. Mr. Nayan Shah has over 18 years of experience in the beverage industry. With a pan-India footprint, the Company is strategically expanding its distribution across the nation. Proceeds from the…
