Author: Ansh Singh

New Delhi: Vodafone Idea saw a promising 2.5% surge in its shares during early trading on November 9th, thanks to a favourable decision by the Bombay High Court. The court directed the income-tax department to refund a substantial amount of Rs 1,128 crore that the telecom giant had paid in dues back in 2016-17. At 10:19 am, Vodafone Idea’s stock was up by 1.5% at Rs 13.85 on the National Stock Exchange.  The court’s ruling labelled the assessment order against the telecom major as “unsustainable and time-barred.” An income tax officer issued this assessment order on August 31, two years after…

New Delhi: Samsung has just unleashed its formidable AI language model, Gauss, aiming to go head-to-head with OpenAI’s ChatGPT. Gauss is a generative pre-trained transformer model packed with remarkable capabilities for natural language processing, machine translation, and text generation. What sets Gauss apart is its cutting-edge AI architecture, meticulously designed by Samsung. This innovative design ensures efficient and scalable processing of information, delivering lightning-fast and precise results. Moreover, Gauss has a remarkable ability to adapt to new data swiftly, harnessing patterns that may elude other models. Gauss is a versatile powerhouse, excelling in various domains: Natural Language Processing (NLP): Gauss…

New Delhi: Elon Musk is enthusiastic about introducing his Starlink satellite broadband service in India, but he’s facing strong opposition from Mukesh Ambani, the wealthiest person in Asia who heads the Indian telecom giant Reliance Jio. After a meeting with Indian Prime Minister Narendra Modi in the United States, Musk expressed his eagerness to bring Starlink to India, particularly in remote villages with limited or no internet access. However, what he didn’t mention is the ongoing dispute between Starlink and Reliance over how the Indian government should allocate satellite broadband spectrum. This sets the stage for a showdown between two of…

New Delhi: Evan Spiegel, the CEO of Snap Inc., the parent company of Snapchat, has revealed astonishing growth in India, where the user base skyrocketed from 100 million to an incredible 200 million monthly active users in just one year. In an exclusive interview with The Economic Times, Spiegel unveiled Snap’s strategies and outlook for the Indian market. Spiegel expressed his excitement about the “enormous opportunities” that Snap Inc. sees in India. The company has been expanding its team in India, appointing Pulkit Trivedi as the India lead and Ajit Mohan as the head of the Asia Pacific region. Spiegel himself…

Gurgaon: Bajaj Capital, a leading name in the financial services industry, is delighted to announce the appointment of Mr Kalpesh Dave as Deputy CEO, marking a significant moment in the company’s journey towards serving the Ultra HNI and HNI Segment and expanding globally. Kalpesh Dave, Dy. CEO, Bajaj Capital “Bajaj Capital is steadfast in its commitment to providing clients with robust financial solutions. With a clear focus on wealth creation for our clients, we are excited to welcome Mr Kalpesh Dave, a seasoned finance professional with over two decades of extensive experience in retail banking, investments, international and wealth management,…

New Delhi: YouTube has unveiled its latest AI experiments, introducing a powerful chatbot AI tool that enhances your video-watching experience. This conversational AI is designed to answer your questions about videos, provide recommendations for related content, and even quiz you on educational videos. Additionally, they’ve launched an AI feature that organizes video comments into specific topics. This exciting development is part of Google’s broader effort to integrate AI across its services, including Search, Gmail, and office productivity tools. YouTube has already introduced various AI features for video creators, such as AI-generated backgrounds for Shorts, language translation with AI dubbing, and…

New Delhi: After conquering the world of Indian e-commerce and amassing a fortune, Binny Bansal is about to unleash his next venture onto the global stage. This brilliant mind, known for co-founding Flipkart and selling it to Walmart Inc., is assembling a powerhouse team of 15 AI experts, primarily AI professionals, with ambitious plans to expand rapidly. Binny’s vision is to provide AI expertise, cutting-edge products, and services to corporate clients, following in the footsteps of giants like Tata Consultancy Services and Infosys. While the startup’s primary hub will be in Bengaluru, it’s strategically headquartered in Singapore, shrouded in secrecy…

Mumbai: Beehive, a frontrunner in tailored HRMS solutions for SMEs and MSMEs, has introduced Work Satisfaction and Happiness Survey features to their Employee Engagement module within the HRMS platform. These transformative additions, within their Data-analytics platform, aim to revolutionize how SMEs and MSMEs address the unique challenges in their industries. Beehive’s mission is to empower companies to deeply understand employee commitment and motivation, fostering a harmonious synergy between employees and their organizations, resulting in peak productivity, enhanced retention, and enabling high-performance teams. The ongoing priority for SMEs and MSMEs is to not only retain top talent but also ensure their…

New Delhi: Tata Group is considering selling the home appliance operation of Voltas Ltd. as the Indian conglomerate foresees difficulties in scaling up the business in a competitive market, according to people familiar with the matter. Tata Group’s management is deliberating the possibility of the sale and hasn’t decided whether to include its local joint venture with Arcelik AS in a deal, the people said, asking not to be identified because the information is private. Considerations are at an early stage, and Tata Group may decide to keep the asset longer, the people said. A representative for Tata Group declined to…

New Delhi: WeWork, the once high-flying flexible office-space company co-founded by Adam Neumann and backed by major investors like SoftBank, BlackRock, and Goldman Sachs, has taken a remarkable tumble by filing for Chapter 11 bankruptcy protection. The company finds itself with over $18.6 billion in debts, a far cry from its peak valuation of $47 billion when it raised more than $22 billion. In this dramatic turn of events, WeWork’s New York-based operation, which spans 777 locations across 39 countries, is looking to address its financial challenges head-on. CEO David Tolley has announced that around 90% of the company’s lenders…