Author: Ansh Singh

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.…

New Delhi: Posist, a pioneer in cloud-based restaurant technology solutions, announced a comprehensive rebranding as it changed its name to Restroworks. This new identity reflects the company’s transformation since its inception in 2012 from a Point of Sale (POS) provider to a unified technology platform serving global restaurant chains like Taco Bell, Subway, Nando’s, Buffalo Wild Wings, Belgian Waffle Company, and groups like Dabur, ITC, and Reliance across multiple formats, including food courts, IT parks, universities, food zones in airports, among other. A global leader in restaurant management software announces comprehensive rebranding to reflect its vision and commitment to restaurant technology. …

New Delhi: Bringing with him a distinguished record in strategic business and technology development across various sectors such as Electronics & Semiconductors, Broadband, and Wireless communications, Mr Karampuri will steer SHARP’s endeavours to expand its footprint in India in Display, promote the brand business of its consumer electronics, while also focusing on developing strategic partnerships in manufacturing, technology transfer, and development of smartphone components, camera modules, TV panels, precision engineering solutions, sensors, and semiconductors. With extensive leadership experience within the State Government of Telangana, including roles as Director of Electronics and Semiconductors, CEO of T-Works, and Managing Director of Telangana…

Noida: Noida International University’s Department of Nutrition and Dietetics at the School of Allied Health Sciences recently hosted a spectacular Cooking Competition – Cooking Without Fire, where students showcased their culinary skills and creativity in preparing nutritious dishes without the use of gas or fire. The event was a collaborative effort by the Department of Nutrition and Dietetics to provide students with a platform to explore innovative cooking techniques and foster their creativity. Cooking without fire or fireless cooking challenges participants to prepare delicious and healthy meals using methods such as stirring, rolling, squeezing, and spreading. The competition witnessed enthusiastic…

Bangalore: Landscaping startup, Garden of Joy has raised INR 84 Lakhs in a Seed Round led by Inflection Point Ventures. They plan to utilize funds to expand operations in Bangalore, expanding to 5 additional cities, developing a design tool with a pricing calculator, and vertically integrating through owning workshops for fabrication and civil work. Garden of Joy offers customizable project management solutions for urban landscaping, delivering affordable and beautiful outdoor sanctuaries tailored to individual preferences and needs. Funds will be utilized to expand operations in Bangalore and 5 additional cities, develop a design tool and vertically integrate through owning workshops…

New Delhi: Lenskart is gearing up to establish a ‘mega factory’ near Bengaluru airport, seeking approximately 25 acres of land for the venture. Peyush Bansal, the founder and CEO, made the announcement on social media, inviting potential sellers with suitable factory land within a 60-kilometre radius of Kempegowda Bengaluru International Airport to reach out via email.  In response to Bansal’s call, Karnataka’s Minister for Commerce & Industries, Infrastructure, MB Patil, assured government support for Lenskart’s initiative, with officials set to engage with Bansal shortly.  Amidst these developments, Lenskart, reportedly part of SoftBank Vision Fund’s portfolio, is contemplating a public listing. Navneet…

New Delhi: Surinder Chawla, the Managing Director and CEO of Paytm Payments Bank (PPBL), has resigned from his position, as disclosed in a regulatory filing on Tuesday. His departure comes amid challenges faced by PPBL from the Reserve Bank of India (RBI). Chawla, who assumed his role in January the previous year following RBI’s approval, cited personal reasons and a desire to explore new career opportunities for his resignation. He is scheduled to be relieved from his duties at PPBL by the end of business hours on June 26, 2024, unless otherwise agreed upon mutually. RBI had taken significant regulatory…