Author: Priyanka Chauhan

Pune: Rightsfually, a blockchain-based media rights distribution platform backed by Polygon, has announced a strategic partnership at Consesus 2023 with Seracle blockchain cloud to build on the Polygon blockchain. This partnership aims to offer a more efficient and cost-effective solution for Rightsfually by leveraging Seracle’s Litenode architecture and Polygon blockchain. Building on the Polygon blockchain through Seracle’s blockchain cloud, Rightsfually saves time and costs while ensuring high performance and security. Seracle’s Litenode architecture allows for significant savings by reducing DevOps costs by up to 90%. This is achieved through an automated infrastructure setup and management system, simplifying blockchain node deployment and…

New Delhi: With effect from July 18, 2023, Lotus Chocolate announced the appointments of Sikander Aman Khullar as chief executive officer and S Gautham as chief financial officer and vital managerial professionals of the company. The company’s CFO, Vivekanand Narayan Prabhu, resigned on July 18 Sikander Aman Khullar has over 27 years of experience working across the value chain in the FMCG industry in Bangladesh, India and Georgia (Eastern Europe). The new CEO has experience working with MNCs and even family-run businesses and has exposure to sectors like tea, coffee, spices, preserves, mineral water, and edible oils. S Gautham, the…

New Delhi:  Styched, a prominent online youth fashion brand, is thrilled to announce its acquisition of Flatheads, a Direct-to-Customer (D2C) online casual sneaker startup that gained fame on Shark Tank India season 2. This strategic move marks Styched’s first acquisition, solidifying its position as a leader in the fashion industry. The deal, structured as an all-equity transaction, represents Styched’s foray into the footwear segment. Founded in 2018 by Ganesh Balakrishnan and Utkarsh Biradar, Bangalore-based Flatheads is an innovative D2C brand that designs all-day wear casual sneakers for the urban audience. Notably, they are the first Indian brand to introduce bamboo fibre…

New Delhi: Salil Kapoor has been named the next CEO of the consumer appliance business Hindware Home Innovation Limited, beginning July 11, 2023. Salil Kapoor will be in charge of the consumer business, which includes the water heater joint venture with Groupe Atlantic of France and the retail and consumer appliances divisions. “His focus will be on fostering profitable and sustainable growth while elevating the company’s market position in line with the long-term objectives of the Group,” The business declared in a statement. Salil Kapoor has experience in market expansion, innovation, and developing strong client relationships; the company anticipates that…

New Delhi: The opening of ServiceNow’s Innovation Center, a digital incubation hub for Indian businesses, was announced by the digital workflow company ServiceNow. By modelling, demonstrating, and stress-testing digital roadmaps likeGenAI, hyper-automation, and low code apps, this Centre will enable Indian enterprises to enhance customer and employee experience. The Innovation Center in Hyderabad features nine specially constructed rooms to assist businesses in creating unique digital blueprints to scale their business strategy. Additionally, the hub will hold on-demand training sessions with partners, clients, and academic institutions. “Establishing an Innovation Centre in Hyderabad, enables our customers to have conversations directly with our…

New Delhi: The second-largest exporter of software services from India, Infosys, announced on Monday that it has agreed to supply AI and automation services to current client over five years, with a target cost of $2 billion. According to the company’s exchange filing, the deal covers development, modernisation, and maintenance services for AI and automation. The name of the client was kept private by the business. Companies worldwide have increased their AI investment since ChatGPT, a generative chatbot developed by OpenAI with support from Microsoft, became a global phenomenon in late 2022. Infosys made its move following competitor TCS’s announcement…

New Delhi: The soaring demand for electric vehicles (EVs) has attracted fierce competition from rival automakers, representing Tesla with its most significant challenge over the next two years.  This occurs when CEO Elon Musk, the world’s richest man, is reportedly engaged with a number of high-profile projects, including artificial intelligence (AI), space travel and social media. This conclusion comes from the insights respondents provided in the recent Markets Live Pulse survey. 54% of the 630 global contributors to MLIV Pulse expressed concerns over the intensifying industry competition and identified it as a major risk for Tesla. Additionally, 26% of the…

New Delhi: Dharmendra Pradhan, the Union Minister of Education, Skill Development, and Entrepreneurship, unveiled AI for India 2.0. this Programme is a free online training course with a vital AI component. The Programme has accreditation from the National Council for Vocational Education and Training (NCVET) and IIT Madras. The study was designed jointly by skill India and GUVI. GUVI is an educational technology business founded by IIT Madras and IIM Ahmedabad, emphasising individualised learning. It provides online training, skill development, and employment opportunities. It imparts technical knowledge in many regional tongues. The AI for India 2.0 programme has been carefully…

New Delhi: Celebrities have been venturing into the world of food and beverages, using their fame and passion to create unique brands that are worth keeping an eye on. From popular Bollywood stars to legendary cricketers, these celebrities have combined their love for food and entrepreneurship to create some exciting F&B ventures. Here are five celebrity-backed F&B brands that are making waves in the industry. KAIA Goa by Bhumi Pednekar: Known for her remarkable performances in Bollywood, Bhumi Pednekar has recently delved into the F&B industry with KAIA Goa along with Pawan Shahri, Dhaval Udeshi & Nikita Harisinghani, Co-founders, Chrome…

Bengaluru: Corteva Agriscience, the global pure-play agriculture company, today commemorated the 50-year legacy of Pioneer® Seeds in India at an event in Hyderabad. Mr. Jayesh Ranjan, Principal Secretary, Information Technology, Electronics & Communication Department, Government of Telangana, was the event’s chief guest. On this occasion, Corteva congratulated farmers closely associated with Pioneer for decades, including women farmers making a positive contribution to farming. Corteva Pravaktas- the farmer ambassadors were recognised for their continued contributions in transforming agriculture, sharing knowledge and best practices with fellow farmers to enhance yield & productivity.  Corteva started its journey in India with the set-up of…