Sector: All Sectors
Raymond sells FMCG business to GCPL. Demerges Lifestyle.
Restructuring/ consolidation continues at Raymonds. It has taken further key decisions – 1. The associate Company, Raymond Consumer Care Limited (RCCL), sells FMCG business to Godrej Consumer Products (GCPL). The divested business include condom brands KamaSutra and Premium and deodorant brands Park Avenue and DS. Raymond’s condom plant in Aurangabad, Maharashtra, will continue to do the … Read more
China’s Midea is said to make takeover approach to Electrolux
Midea Group Co. is exploring a potential acquisition of Electrolux AB, according to people familiar with the matter, a bold move by the Chinese home appliance giant to add the higher-end luxury Swedish brand despite potential political opposition. Midea made a preliminary approach in recent weeks to the white-goods manufacturer about a potential deal, said … Read more
How AI technology fuelling rise in online voice scams
AI has already changed the game for cybercriminals. The barrier to entry has never been lower, which means it has never been easier to commit cybercrime. According to a research by McAfee’s upcoming report, ‘The Artificial Imposter’, reveals how AI technology is fuelling a rise in online voice scams. McAfee’s researchers discovered that they had … Read more
U.S. Says Some Companies Cheat H-1B Lottery, Driving Record Applications
U.S. Citizenship and Immigration Services, the federal agency that awards H-1B visas, said it has found that a small number of companies are responsible for entering the same applicants into the lottery multiple times, with the alleged goal of artificially boosting their chances of winning a visa. The findings were laid out in a notice … Read more
Musk Cut Off OpenAI’s Access to Twitter Data Over Payment: NYT
Musk reportedly felt the AI company was not paying enough for access, per the publication. He has been cautious about the tech for some time but is known to be working on his own AI project. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the … Read more
Govt shouldn’t do biz where it is not meant to be: FM
Finance minister Nirmala Sitharaman on Friday said the Union government was committed to privatization. Speaking at the launch of veteran banker Narayanan Vaghul’s book Reflections, Sitharaman said the government believes that it should not be doing business where it is not meant to be. “Since 1947, for the first time, the word privatization was used … Read more
Twitter to allow publishers to charge users per article basis starting May
Twitter Inc CEO Elon Musk said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click, calling it a win for both the public and media organizations. The feature, to be rolled out in May, will enable users who do not “sign up … Read more
Maruti plans one more capacity of 1 mn units
Along with it’s Q4 FY 23 results, Maruti has informed about the Board’s approval for additional 1 mn units capacity expansion. The decision has been taken to capitalize on the anticipated growth in the domestic and overseas market. This is in addition to the already under progress capacity expansion at Sonipat. In Sonipat also, the … Read more