Salesforce India is at the forefront of the AI-driven job revolution, with the company expanding its hiring for a range of new AI roles that necessitate unique skills and on-the-job learning. Nathalie Scardino, Chief People Officer at Salesforce, emphasized the transformative impact of AI on job creation. She pointed out that while traditional roles will…
Infosys CEO Salil Parekh has assured that the company has no intentions of implementing job cuts, including rightsizing or downsizing, due to the adoption of generative AI (GenAI). In a recent interview with CNBC-TV18, Parekh stated, “Infosys is not looking at rightsizing, downsizing, or any kind of job cuts as has happened with others in…
May 2024 — In an ongoing court battle, SpiceJet has rejected KAL Airways and Kalanithi Maran’s demand for Rs 1,323 crore in damages, saying the charges are “legally untenable.” This statement follows KAL Airways and Maran’s announcement on Monday that they want to seek damages and fight a recent Delhi High Court decision. The issue…
Life Insurance Corporation of India (LIC) shares gained prominence on Tuesday, May 28, following the state-run insurer’s announcement of its March quarter results. LIC shares rose by as much as 2.5% to a high of Rs 1,062.45 on the NSE during morning deals, trading at Rs 1,041.9 at 9:44 AM. Q4 FY24 Financial Performance LIC…
New Delhi, May 2024 As competition in the artificial intelligence (AI) field heats up, Google CEO Sundar Pichai has provided insights into the future implications of AI, including the exciting prospect of AI becoming sentient. In a recent interview with prominent tech YouTuber Hayls World, Pichai discussed Google’s approach and goal for AI, emphasizing improvements…
Gautam Adani-led Adani Group is set to venture into the e-commerce and payments sectors, aiming to compete with industry giants Google and Reliance Industries, led by Mukesh Ambani. The conglomerate is planning to establish a digital business, leveraging India’s rapidly growing digital market. Adani Group is considering applying for a license to operate on India’s…
Mumbai, May 2024— FSN E-Commerce Ventures, also known as Nykaa, has announced the nomination of Santosh Desai as an independent director on its Board, beginning July 15, 2024. Desai’s term will last three years, subject to shareholder approval. Santosh Desai brings extensive expertise to Nykaa’s board, having previously served as CEO of Future Brands for…
Malé, May , 2024— The Maldives has announced plans to implement India’s RuPay payment system, a significant step toward improving economic cooperation and financial stability. While the precise start date is unknown, the project is expected to strengthen the Maldivian Rufiyaa and deepen commercial connections between the two adjacent countries. The announcement comes after ongoing…
Pune, Maharashtra, May, 2024— The third edition of the Pune Machine Tool Expo (PMTX) and the inaugural Factory Equipment Expo (FACTEQ), held by the Indian Machine Tool Manufacturers’ Association (IMTMA), began on May 25, 2024, at the Pune International Exhibition and Convention Center. These events will culminate on May 28, 2024, bringing together industry leaders,…
Accra, May 2024 — Mukesh Ambani, Asia’s richest man and the chairman of Reliance Industries Ltd., is expanding his telecom empire into Africa with a new venture in Ghana. Next-Gen InfraCo (NGIC) plans to supply 5G broadband services to the region’s fast-growing mobile broadband sector. Radisys Corp., a Reliance company, will play an important role…
