Business - The Purbottar

15 Jul

Elon Musk launches artificial intelligence firm xAI

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

xAI, Elon Musk's newly formed AI company, has revealed itself with a new website detailing its mission and team at https://x.ai/. Musk tweeted that the company's mission is to "understand reality" without further details or explanation. According to the website, "xAI's goal is to understand the true nature of the universe. The team is led by Elon Musk and includes team members who have worked with other big names in AI, including OpenAI, Google Research, Microsoft Research, and DeepMind (which recently folded into Google). In addition to Musk, the website lists Igor Babushkin, Manuel Kroes, Yuhuai (Tony) Wu, Christian Szedi,…

14 Jul

Wipro pushes salary hikes to Q3, to pay 80% of variable pay for Q1FY24

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Departing from the previous practice of implementing salary hikes in September, Wipro has decided to shift its wage growth cycle to the third quarter of the financial year. The company's management, speaking during a press conference, confirmed that the wage increase will still be provided to workers. According to a report by Moneycontrol, the salary hike issue comes at a critical juncture as companies try to protect their margins and reduce wage bills, with particular concern surrounding Wipro. While Wipro has assured that its margins will remain within comparable ranges, it plans to go ahead with a salary hike in…

13 Jul

Salman Khan praises Shah Rukh Khan’s ‘Jawan’ teaser

Priyanka Bhowmick0 CommentsBollywood, Entertainment, IndiaBusiness, entertainment, INDIA

Bollywood megastar Shah Rukh Khan's 'Jawan' 'prevue' has left a significant mark on the Indian digital landscape and now Salman Khan too has termed it as 'Outstanding'. The overwhelming response to the video reflects the huge fan base the film has garnered even before its theatrical release.The pre-release video of SRK's 'Jawaan' has easily surpassed all previous records set by teasers and trailers in the Indian film industry in terms of 24-hour view count.Bollywood's 'Bhaijaan' Salman shared the teaser on social media and said that it is a film that should be seen only in theatres. Salman Khan Tweeted, “Pathan…

13 Jul

Tesla in talks with India to set up factory

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Electric vehicle (EV) maker Tesla has held talks with the Indian government, exploring the possibility of bringing its auto parts and electronics chain to India and getting allocations and tax breaks in the process. The US-headquartered electric vehicle maker has shown interest in bringing its own supply chain ecosystem to India, even as the government asked the company to assess the existing auto-component supply chain in the country, the Economic Times reported on July 13. After meeting Prime Minister Modi during his visit to the US last month, Tesla CEO Elon Musk said: "He (PM Modi) really cares about India…

12 Jul

Kapil Sharma’s Zwigato gets a spot at Academy of Motion Picture library

Priyanka Bhowmick0 CommentsBollywood, Entertainment, IndiaBusiness, entertainment, INDIA

Kapil Sharma's latest film Zwigato won the actress praise for her performance but failed to perform well at the box office. However, now the film's screenplay has been invited to reside in the permanent original collection of the Library of the Academy of Motion Picture Arts and Sciences. Written by Nandita Das and Samir Patil, the script of Zwigato starring Kapil Sharma and Shahana Goswami explores the impact of the food app service industry and its impact on the working class. The movie was released worldwide in March and premiered at the first Toronto International Film Festival and the Busan…

12 Jul

Google celebrates pani puri with creative doodle

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Call it 'Golgappa', 'Pani Puri' or 'Puchka', this delicious snack is one of India's favorite street foods, loved by all age groups. And today, Google is celebrating its favorite street food with a special interactive doodle game. Google chose this day to celebrate snacks, as on July 12, 2015, a restaurant in Indore, Madhya Pradesh, achieved the world record for serving the most flavored panipuri offering 51 options. Eight years later, Google is celebrating an extraordinary record and giving users the opportunity to play interactive games. Google wrote,'' Today's interactive game Doodle celebrates pani puri — a popular South Asian…

10 Jul

Indian-origin business owners charged in a $53 million COVID relief program-related fraud

Priyanka Bhowmick0 CommentsBusiness, Covid-19, Health, IndiaBusiness, Covid-19, INDIA

A group of around 14 people, including several business owners and employees of Indian origin, have been charged in a massive fraud scheme involving a COVID-19 pandemic relief program in the US state of Texas. The case, considered the largest investigation to date by the Pandemic Response Accountability Committee (PRAC) Fraud Task Force, has led to the arrest of defendants across Texas, California and Oklahoma. The defendants are alleged to have defrauded the proceeds of the Paycheck Protection Program (PPP), a financial program introduced during the COVID-19 pandemic, as well as more than $53 million in loans to various financial…

07 Jul

Twitter threatens to sue Meta over Threads

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

In a letter sent by Twitter lawyer Alex Spiro to Facebook's parent CEO Mark Zuckerberg, Twitter threatened to sue Meta Platform over its new Threads platform. Meta, which launched Threads on Wednesday and has more than 30 million signups, wants to take advantage of Elon Musk's Twitter and Instagram's billions of users. Spiro, in his letter, accused Meta of hiring former Twitter employees who "had and continue to access Twitter's trade secrets and other highly confidential information," news website Semafour first reported. “Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop…

07 Jul

Motorola announces Kriti Sanon as brand ambassador

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Smartphone brand Motorola has signed actress Kriti Shannon as its brand ambassador. The company said he was brought on board to announce its 'Motorola Razer 40 Ultra' and 'Razor 40' products. Shannon will appear in two television commercials. To kick off their collaboration with Kriti Sanon, Motorola worked on two television commercials (TVCs), focusing on the 'Flip the Script' offering for the newly launched range. The campaign showcases Kriti Sanon teaming up with Motorola to explore the many possibilities of the latest Motorola razr phone while showcasing its flip side. Speaking about the partnership, Shivam Ranjan, Marketing Head, APAC, Motorola,…

05 Jul

ASICS India appoints Shraddha Kapoor as brand ambassador

Priyanka Bhowmick0 CommentsBusiness, Entertainment, IndiaBusiness, entertainment, INDIA

ASICS, Japan's global sportswear brand, has appointed Bollywood actress Shraddha Kapoor as the brand ambassador of India. The brand would like to strengthen its philosophy of 'beautiful mind, healthy body' through the association and create a niche among Indian female fitness enthusiasts. The actor will approve the brand's footwear and women's sports offers. Shraddha Kapoor commented, "I am excited to start this amazing journey with ASICS India. The growing awareness of the significance of physical and mental well-being has made it essential for everyone to prioritize their overall health. I strongly believe that a healthy body nurtures a healthy mind,…