Author: Ansh Singh

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…

New Delhi: Bandhan Bank’s founder and managing director, Chandrashekhar Ghosh, has announced that he will not retain a non-executive role on the bank’s board upon his retirement on July 9th. Ghosh made this decision voluntarily, emphasizing that the Reserve Bank of India (RBI) played no part in his resignation. During a discussion with analysts and investors, Ghosh explained that the board will commence the process of identifying his successor, with the expectation of finalizing candidate selections by July. He also mentioned the possibility of appointing an interim chief executive officer if the RBI’s approval for the new CEO is not obtained by…

New Delhi: Vistara is taking steps to address its ongoing crisis by considering the deployment of first officers from Air India, according to the sources. However, the resolution may not be immediate, as these officers must undergo approximately 40 days of compulsory training before they can operate Vistara planes in accordance with the regulations set by the Directorate General of Civil Aviation. This training involves 21 days of ground training with simulator sessions and line training.  Although both Vistara and Air India belong to the Tata Group, any exchange of pilots requires formal training procedures to be followed. Additionally, Air…

Bengaluru: To cater to customer needs and expand its presence in the southern region, ORRA, India’s leading diamond jewellery brand, has inaugurated a new store in Kammanahalli, Bengaluru. Spanning an impressive 3072 square feet, the showroom emphasises ORRA’s commitment to growth and expansion in the market. It highlights the brand’s latest diamond jewellery collections, with a special focus on the exclusive 73-faceted ORRA Crown Star – India’s brightest patented diamond. The store is designed with contemporary interiors, comfortable seating, and a dedicated bridal lounge, all aimed at providing customers with an exceptional shopping experience. On the store launch, Mr. Dipu…

New Delhi: Elon Musk recently announced plans to unveil a Tesla robotaxi on August 8, following earlier reports from Reuters about Tesla’s alleged shift away from a $25,000 low-cost electric vehicle (EV) to focus on the robotaxi project. Musk disputed Reuters’ claims on X, his social network, without providing evidence to support his assertion. However, he subsequently confirmed the unveiling of the Tesla robotaxi in August. Reports have circulated for some time regarding Tesla’s development of both a lower-cost EV and a robotaxi. Despite this, Musk has vacillated on whether to prioritize a traditional car with a steering wheel and…

New Delhi: Coorg Rosewood Timbers, led by founder Mr Leonard J. Mills, is a speciality timber merchant and exporter focusing on exclusive Rosewood furniture and interiors. With a customer-centric approach, the company has established itself as a reliable source of customised furniture solutions, aiming to transform houses into cherished homes. Distinguished by its commitment to quality and personalised service, Coorg Rosewood Timbers caters directly to clients, offering a range of crafted furniture pieces designed to enhance beauty and comfort within living spaces. “At Coorg Rosewood Timbers, we don’t just sell furniture; we aim to inspire a sense of beauty and…

New Delhi: Making healthcare accessible and affordable for the people of Pune and nearby areas. Manipal Hospital has launched the first 128-slice ingenuity CT scanner in Asia that offers unparalleled accuracy, minimal radiation exposure, superior image quality, faster reporting time, and a smooth, convenient process for patients. Along with this, a high-end digital X-ray system was installed at Manipal Hospital, Kharadi, which is equipped with cutting-edge technology to ensure precise diagnosis, better resolution, more clarity, highly detailed images and more effective treatments. Speaking on the launch of this CT scan machine, Dr Ritika Chamadia, Associate Consultant-Radiology, Manipal Hospital, Kharadi, said, “With…

New Delhi: Disney CEO Bob Iger has unveiled plans to address password-sharing on the company’s streaming platform starting in June, aiming to enhance subscriber growth and profitability. In an interview with CNBC, Iger emphasized the significance of streamlining the streaming industry, with the initiative geared towards bolstering subscriber numbers and enhancing financial performance. He expressed ambitions of achieving double-digit margins for the business. This initiative mirrors actions taken by streaming leader Netflix, which saw a notable increase in subscribers after implementing measures to combat password-sharing, surpassing Wall Street’s projections with the addition of nearly 22 million subscribers in the latter…

New Delhi: Google is purportedly conducting trials of AI-generated email responses within the Gmail app for Android, as per a report by Android Central. Currently in beta, the feature integrates Gemini AI into Gmail, similar to its implementation in other Google services like Google Drive and Docs, accessible through the Google One AI Premium subscription. Gemini AI offers suggestions for composing emails, though this functionality is presently limited to beta users.  Once activated, Gemini will analyze received emails and propose contextually appropriate responses, offering users three potential replies, which could range from single to multiple sentences. Users can select a suggested…