Kashmeera Sambamurthy – Page 58

Aditya Birla Group launches paints business Opus; aims for Rs 10,000 crore gross revenue within 3 years

Kumar Mangalam Birla also said that the paints business will have 120 depots, reach all cities, cover one lakh people by July and an additional 50,000 by the end of 2024. He intends to replicate the distribution reach of its cement business UltraTech in the paints business. (Image source: Moneycontrol)

Kumar Mangalam Birla, chairman of the Aditya Birla Group, said the company aims to secure a profitable second position in the market in the coming years.

Reddit signs $60 million deal allowing Google to train AI models on its content

A new Cloud partnership with Google will enable Reddit to integrate new AI-powered capabilities using Vertex AI. Reddit intends to use Vertex AI to enhance search and other capabilities on the Reddit platform. (Image source: Unsplash)

The expanded partnership with Reddit does not change Google’s use of publicly available, crawlable content for indexing, training, or display in Google products, the search giant said this week.

WPP profits drop as clients in tech cut ad spending; Reports flat Q4 revenues

WPP reported Q4 revenues inched ahead 0.3 percent to $4.1 billion as CEO Mark Read closed a year that he said was more challenging than expected due to cutbacks, mainly by technology clients. (Image Source: Facebook)

The tech and digital services sector, which accounts for 17.5 percent of WPP revenues, fell 6.9 percent during 2023.

Samir Shah: Meet the BBC’s first Indian-origin chairman

Samir Shah was appointed a CBE for services to Television and Heritage in the 2019 Queen’s Birthday Honours. He was previously made an OBE in the 2000 New Year’s Honours List. (Image source: Wikipedia)

The 72-year-old has now been confirmed in the four-year term role and will take charge as the UK’s public broadcaster BBC’s first Indian-origin Chair.

Ikea India closes a Mumbai city-format store; cites viabilty issues

“This strategic decision is at the back of the learnings we have had in terms of customer experience and aligned to our vision of creating a leaner and faster retail business in the country,” the company said in a statement. (Image source: Unsplash)

The company had opened the store two years ago as a city-format store.

Byju’s founder Byju Raveendran, wife Divya Gokulnath, brother Riju Raveendran, won’t attend EGM: Report

Byju Raveendran, his co-founder and wife Divya Gokulnath, and his brother Riju Raveendran have decided to skip the meeting. (Image source: CNBC-TV18 and News18)

Troubled edtech firm Byju’s founder Byju Raveendran and the company’s other board members Divya Gokulnath and Riju Raveendran, won’t attend EGM called by the company’s investors to oust them.

MakeMyTrip and Government of Goa’s tourism department sign an MoU

The Memorandum of Understanding (MoU) signifies a significant stride forward, introducing a range of inventive programs to spotlight Goa's hidden inland gems, its diverse cultural heritage and culinary customs. (Image source: Unsplash and X)

This joint endeavor seeks to enhance tourism in Goa, aiming to transform it into a year-round destination.

Indonesia revenue-sharing law and Big Tech: Meta refuses to pay for news content shared on its platforms

"Following multiple rounds of consultations with the government, we understand Meta will not be required to pay for news content that publishers voluntarily post to our platforms," said Rafael Frankel, Meta's director of public policy for Southeast Asia. (Image source: Unsplash)

President of Indonesia, Joko Widodo signed a decree requiring digital platforms to pay media outlets that provide them with content.

Google introduces new OpenAI model for individuals and businesses to build on

YouTube will begin to require creators to disclose when they’ve created realistic altered or synthetic content, and will display a label that indicates for people when they’re watching this content. (Representative Image: Mitchell Luo via Unsplash)

This move is likely to attract software engineers to build on the tech company’s technology and encourage the usage of profitable cloud divisions, highlighted a report.

Sephora appoints Samyukta Ganesh Iyer as chief experience officer, vice president and head of marketing

Samyukta Ganesh Iyer started her career at Grey Worldwide, and went on to work across Hindustan Unilever, Asian Paints, Lumiere Business Solutions, Parle Agro, Unilever, Baskin Robbins and Kaya.

In her new role, Samyukta Ganesh Iyer is crafting brand Sephora for the Indian diaspora with a narrative that helps the consumer experience the brand in a truly immersive and meaningful manner.