Month: January 2024

Maserati adds new overseas region to business structure; appoints Hamdy Elshantoury as head of new region

The region head and the regional functions will be based in Italy, at Maserati’s headquarters in Modena, to connect the new Overseas Region leadership team with central management and make the support to markets and decision-making process faster and more effective. (Image 1 sourced via Unsplash)

With this latest addition, Maserati’s new market organization now consists of five regions, namely: US & Canada (North America), Europe, China, Japan & Korea, and the newly created Overseas.

Byju’s navigates BCCI dispute; plans to pursue arbitration

NCLT was further informed that Byju’s had been negotiating with the BCCI over its dispute. The ed tech company had filed objections to BCCI’s insolvency plea. (Image source: Moneycontrol)

On September 8, 2023, BCCI filed a case where it claimed that Byju’s had defaulted payment of Rs 158 crores.

Offline video streaming on the horizon; D2M testing to begin 19 cities

S. Krishnan, Secretary MeitY Government of India, will attend the event as the Chief Guest, further emphasising the Government’s support for digital inclusivity initiatives. (Representative Image: Rodion Kutsaiev via Unsplash)

Through this, India’s mobile users will be able to stream videos and its likeness without an internet connection or a SIM card.

Big tech layoffs: Google plans to cut ad sales team

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)

Google confirmed that a few hundred roles were eliminated from the ad sales team.

WEF 2024: Gita Gopinath says AI could impact 30 percent of jobs in India

Gopinath highlighted the multifaceted concerns associated with AI, ranging from misinformation to its impact on labour markets. (Still from the interview)

Davos 2024 | Gita Gopinath, IMF Deputy Managing Director, discusses AI’s global impact on the sidelines of the WEF summit. A study reveals 40 percent of jobs worldwide are vulnerable to AI, with nuances affecting wealth distribution and policy priorities.

YouTube affirms vigilance against deepfakes and misinformation ahead of election season

Chandrasekhar mentioned that deepfakes could be subject to action under Rule 3(1)(b) of the current IT Rules, which mandates the removal of 12 types of content within 36 hours of user complaints being filed. (Representative Image: Szabo Viktor via Unsplash)

Neal Mohan, CEO, YouTube told Moneycontrol that the platform plans to use AI technology to combat misinformation and deepfakes.

Ikea to reduce prices of over 250 products by 20 percent in the coming weeks

As part of its ongoing efforts to champion gender equality, the company highlights that 50% of Ingka Group Country CEOs are women, showcasing company's dedication to setting best industry standards when it comes to gender diversity and inclusion. (Representative Image: Jueun Song via Unsplash)

At the World Economic Forum in Davos, Juvencio Maeztu, Deputy CEO, Ingka Group (IKEA) said they are getting ready for the next phase of their growth in India.

Hyatt rolls out ‘Perfectly Yours 2.0’ campaign, a sequel to 2023’s wedding campaign

This has been achieved by bringing together some of the best homegrown artists from the country to create melodies for a celebration that transcends beyond the big day.

Perfectly Yours 2.0 highlights wedding offerings at Hyatt hotels by focusing on some of the culturally rich events in Indian weddings such as the mehendi, sangeet, wedding rituals and family reunions.

L’Oreal wants to be the beauty advisor to India: Aseem Kaushik, L’Oreal India MD

According to Aseem Kaushik, L’Oreal is going to focus on b th penetration and valorization for consumers in the times to come. (Image via LinkedIn)

The Indian beauty market is expected to grow to €9 billion by 2026 led by all categories being very dynamic, according to Aseem Kaushik, L’Oreal India managing director.