India

Qualcomm is laying off more than 1,000 employee
14 Oct

Qualcomm is laying off more than 1,000 employee

Priyanka Bhowmick0 CommentsBusiness, India,
Qualcomm will cut 1,258 jobs at two California offices, California Department of Employment Development filings reveal. The chip company disclosed that 1,064 jobs will be cut in San Diego, where it is headquartered, and another 194 at offices in Santa Clara. Qualcomm currently has more than 51,000 employees, so it is laying off 2.5% of its workforce. The main reason for the job cuts is the company's declining revenue after sluggish chip business in its third fiscal quarter. The jobs will be vacated by Dec. 13 and further restructuring changes will occur, Qualcomm disclosed in the filing. These activities will…
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Veteran actress Bhairavi Vaidya dies of cancer
13 Oct

Veteran actress Bhairavi Vaidya dies of cancer

Priyanka Bhowmick0 CommentsEntertainment, India,
Veteran actress Bhairavi Vaidya, who was battling cancer, passed away on October 8. She was 67 years old. She had been suffering for the past few months. With a career spanning over 45 years, Bhairavi was recently seen in the TV show 'Nima Denzongpa'. Her co-star Surabhi Das, mourned her death and shared with India Today, "I am truly saddened by the news of her death. I shared great times with her on the sets." Pratik Gandhi, who shared screen space with her in a film called Ventilator, shared, “I got an opportunity to work with her in 'Ventilator'. We…
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Military training should be mandatory after graduation in India: Kangana Ranaut
12 Oct

Military training should be mandatory after graduation in India: Kangana Ranaut

Priyanka Bhowmick0 CommentsBusiness, India,
Kangana Ranaut feels that military training should be made mandatory in the country for everyone after their graduation. The actor thinks it will help to get rid of the "lazy" and "irresponsible" people in the country. Speaking at News18 'Amrit Ratna' 2023, the 'Manikarnika' actress argued that mandatory military training will create discipline and eliminate laziness and irresponsibility. "If military training is made mandatory in the country for every child after graduation, we will get rid of these lazy and irresponsible people. It will instill discipline in them," the actress said. Kangana is all set to appear in the upcoming…
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16-year-old Indian girl’s AI startup is valued at Rs 100 crore
12 Oct

16-year-old Indian girl’s AI startup is valued at Rs 100 crore

Priyanka Bhowmick0 CommentsBusiness, India,
At the entrance to a storm in the tech world, 16-year-old Indian adult Pranjali Awasthi has made waves with her AI startup, Delv.AI. During the Miami Tech Week event, Awasthi unveiled her Brainchild, revealing that she founded the company in January 2022 and has successfully raised nearly $450,000 (Rs 3.7 crore) in funding. Notably, Delv.AI's LinkedIn profile already brings together a team of 10 dedicated professionals. During the event, Awasthi attributed her entrepreneurial journey to her father. Her passion for technology was ignited at a young age, thanks to her engineer father's passion for the promotion of computer science education…
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Mukesh Ambani reclaims richest Indian tag
11 Oct

Mukesh Ambani reclaims richest Indian tag

Priyanka Bhowmick0 CommentsBusiness, India,
Mukesh Ambani from Mumbai has reclaimed his position as India's richest man, according to the 360 ​​ONE Wealth Hurun India Rich List 2023 released on Tuesday. The 66-year-old Reliance Industries chairman's wealth rose 2% from last year to ₹808,700 crore, while Gautam Adani beat him to the number one slot last year, down 57 percent and is now estimated at ₹474,800 crore. Another billionaire who slipped down the rich list this year was investor and D-Mart promoter Radhakishan Damani who lost 18 percent of his wealth in a year, and the family is now worth ₹1,43,900 crore. This year, despite…
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Sundar Pichai’s email to employees on Israel-Hamas war
11 Oct

Sundar Pichai’s email to employees on Israel-Hamas war

Priyanka Bhowmick0 CommentsBusiness, India,
Sundar Pichai contacted every Google employee in a company-wide email hours after Hamas launched an attack on Israel on Saturday. He said the company has reached out to all employees working or traveling to Israel and will continue to support them. Full text of email accessed by '9 to 5 Google'. Google CEO Sundar Pichai reiterated the sentiment expressed in his email in a post shared on X this morning. Lamenting the increasing clashes, he said the company's priority was to ensure the safety of workers. “Google has 2 offices and over 2,000 employees in Israel. It’s unimaginable what they’re…
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Dabur India completes industry cloud migration
10 Oct

Dabur India completes industry cloud migration

Priyanka Bhowmick0 CommentsBusiness, India,
Dabur India on Monday said it has become a cloud-only enterprise after successfully migrating its on-prem data centers to Microsoft Azure and SAP RISE. It added that it will use emerging technologies like Open AI for digital transformation. It added that the cloud-only approach will help it significantly improve business resilience and enhance its services to retailers, partners, employees and customers. Global Chief Information Officer of Dabur India Limited, Kaustubh Dabral said, "Agility and business innovation are critical to addressing changing market dynamics and consumer expectations. Harnessing the power of the cloud, artificial intelligence and its powerful data foundation will…
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Reliance General gets ₹922.58 cr GST notices
10 Oct

Reliance General gets ₹922.58 cr GST notices

Priyanka Bhowmick0 CommentsBusiness, India,
The Directorate General of GST Intelligence (DGGI) has issued multiple show-cause notices for a tax claim of Rs 922.58 crore from Reliance General Insurance Company (RGIC), a subsidiary of former Anil Ambani group company Reliance Capital (RCAP). The move assumes significance as RCap, which is currently under a debt resolution process through the National Company Law Tribunal (NCLT), constitutes around 70% of RCap's net worth. RGIC received a total of four show-cause notices – Rs 478.84 crore, Rs 359.70 crore, Rs 78.66 crore and Rs 5.38 crore – on revenue generated from its services such as reinsurance and co-insurance, sources…
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Y+ security for Shah Rukh Khan after death threat
09 Oct

Y+ security for Shah Rukh Khan after death threat

Priyanka Bhowmick0 CommentsBollywood, Entertainment, India,
Mumbai Police to provide Y+ security cover to Shah Rukh Khan after the actor allegedly received death threats after the success of 'Pathan' and 'Jawaan'.Under Y+ security cover, Mr. Khan will be accompanied by six armed security personnel. Earlier, two security personnel were with this popular actor. According to the police, the actor had recently written to the Maharashtra government saying that he had received death threats after he returned back blockbusters. The Maharashtra government then decided to extend the security cover provided to the popular actor. Earlier, actor Salman Khan was given Y+ security cover last year after being…
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MCX gets SEBI nod to launch new trading platform
09 Oct

MCX gets SEBI nod to launch new trading platform

Priyanka Bhowmick0 CommentsBusiness, India,
Multi Commodity Exchange of India (MCX) on October 8 said it has received approval from the SEBI Technology Panel to launch a new web-based commodity derivatives platform (CPD) after several delays with the market regulator. "Subsequently, the SEBI Technical Advisory Committee recommended that MCX and MCXCCL may go live with the CDP and inform SEBI of the proposed date of go live," MCX said in a regulatory filing. This development was first reported on October 6 by CNBC-TV18 citing sources. Over the past month, stocks on the Mumbai-based commodity exchange rose 18 percent against a 1.4 percent rise in the…
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