Ahmedabad: Artificial Intelligence (AI) holds enormous potential and opportunities in multiple areas, but human-like AI is still decades away, industry veteran Sunil Parekh said at the ReDi Digital Dialogue 2023 on Friday. ReDi (Responsibly Digital), a social initiative aimed at promoting responsible digital behaviour, celebrated World Social Media Day on June 30 with the 11th annual edition of ReDi Digital Dialogue. Key thought leaders shared their thoughts at a workshop and panel discussions on two very interesting and relevant subjects organised as a part of the event. ReDi Digital Dialogue 2023 centred around the theme “AI: Generative or Degenerative?”, a reflection…
Author: Rahul Mehra
New Delhi: Piramal Enterprises is looking for other acquisitions to develop its financial services division even as it aims to increase its assets under management (AUM) by a mid-to-high teens growth rate. Additionally, it will continue to profit from its stakes in the shriram Group at a “appropriate time”. “We will continue to explore lucrative inorganic opportunities, ensuring value creation for all stakeholders and stay on our stated path of implementing renewed strategies to drive sustainable growth,” Ajay Piramal, chairman of the Piramal Group, stated at the corporation’s annual general meeting. However, he did not detail the company’s acquisition tactics.…
New Delhi: Large Language models (LLMs), such as OpenAI’s GPT-4, are top-rated now thanks to their unmatched text analysis and production capacity. However, organizations deploying LLMs for specialized tasks, like generating creative copy in a brand’s style, may need help with their generalist character. Even the best LLMs need more consistency when the instructions get too precise. One alternative is to fine-tune or narrow the scope of an LLM. But it’s frequently tricky technically and expensive as well. Reka, which came out of stealth today with $58 million, was formed by a group of researchers from DeepMind, Google, Baidu, and…
Mumbai: Salve Pharmaceuticals, a leading company in the Pharmaceutical and skincare sector, has recently unveiled its plans to establish a new manufacturing facility at the Reliance Modern Economic Township (Reliance MET) in Jhajjar, Haryana. The commencement of operations at the new plant is expected in the first quarter of 2024. The introduction of this plant by Salve Group aims to capitalize on various opportunities in quality control, cost efficiency, flexibility, and innovation for their products. By establishing this facility, the company will be able to pioneer advancements and experimentation in formulations, ingredients, and technologies, allowing them to maintain a competitive…
New Delhi: one of India’s leading professional services firms, is proud to announce the appointment of their CEO, Vishesh C Chandiok, as the first Indian council member residing overseas to be initiated into the Institute of Chartered Accountants in England and Wales (ICAEW). Founded in 1880, ICAEW has played a pivotal role in shaping the accounting industry and works with governments, regulators and business leaders globally. Its commitment to upholding the highest professional standards and promoting ethical practices has made it Europe’s most influential accountancy organisation. This membership recognises Vishesh Chandiok’s exceptional global contribution to the accounting profession and marks…
Mumbai: For years, people in metro cities of India have travelled far for jobs spending nearly 2 to 3 hours in daily work commutes and are still doing so; unfortunately, no one has cared to deep dive into what these long daily commutes do to an individual. Several studies and reports show how long daily commutes affect a person physically and mentally and add to stress, depression and anxiety. For years job platforms have been stuck in the old traditional approaches and have never thought of how they can help solve one of the biggest problems of job seekers. For over…
Gurugram: Indyverse, led by the Luxury and lifestyle business specialists Ravineet Singh Marwah and Roop Kaur, is a platform that dedicates itself to showcasing celebrity and emerging labels and brands from all across the globe. Indyverse curates an impressive collection of ethnic wear, athleisure, and couture. The company has redefined the way in which we interact with fashion. With the brand’s commitment to promoting up-and-coming talent, Indyverse has made online shopping hassle much easier. By providing styling and Made to Measure services, they also provide hyper-personalized services. To further ease the stress one goes through while online shopping, Indyverse, being…
New Delhi: Avni- a feminine care & hygiene startup, has announced aggressive plans to further expand its footprints into the vibrant states of Andhra Pradesh and Telangana. With a successful track record of serving over 10,000 customers in the region last year, Avni aims to reach an impressive target of 75,000 customers in these two states in the current fiscal year 2023-24. Avni’s flagship products, reusable cloth pads and reusable panty liners, have gained significant popularity among the menstruating population in Telangana and Andhra Pradesh. These two products account for 60% of Avni’s regional sales, demonstrating their effectiveness and appeal. The…
New Delhi: The Open Network for Digital Commerce (ONDC) and FMCG giant Marico Limited have merged their saffola stores, creating new opportunities for growth, collaboration, and improved digital experiences in the constantly changing e-commerce environment. “Through this integration, Marico is committed to providing its stakeholders, such as distributors, retailers, suppliers, and customers, with unmatched benefits ,” the company said in a statement. The Government of India created the ONDC network, a statewide network for digital commerce that aims to empower consumers and enterprises, By building an inclusive ecosystem to improve e-commerce penetration in India and enabling the inclusion of all…
New Delhi: AdaniConneX, a joint venture between Adani Enterprises (AEL) and data centre operator EdgeConneX, has raised $213 million from a clutch of lenders to set up two data centres of 67 MW capacity in the country. The company would build up two data centers, one with a 17 MW in Chennai (phase I) and one with 50 MW capacity in Delhi. A framework agreement with foreign lenders including ING Bank, Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank and Sumitomo Mitsui Banking, was used to finalise the financing. According to the statement from AEL, the cash will enable AdaniConneX…

