Business

Zepto promotes Devendra Meel to Chief Business Officer

Zepto promotes Devendra Meel to Chief Business Officer

Quick grocery delivery platform Zepto on Friday announced the elevation of Devendra Meel to the Chief Business Officer (CBO), effective July 2024.

In this role, he will lead category management and foster brand partnerships, ensuring optimal assortment, pricing, availability, and growth of all core categories on the platform.

"I am deeply committed to this mission and will bring all my energy and dedication to it. Zepto's meritocratic, fast-moving environment offers high-stakes challenges and the potential for 10X career growth," Meel said in a statement.

Musk's X developing 'dislike' button for downvoting replies

Musk's X developing 'dislike' button for downvoting replies

Elon Musk-run X is developing a downvoting feature which will be used to improve the ranking of replies.

While the company hasn't announced its plans officially, recent findings suggest that the 'downvote' feature might actually resemble a 'dislike' button instead of a Reddit-style downvote icon, reports.

As per code references found in the X iOS app show a button that seems like a broken heart icon next to the microblogging platform’s heart-shaped 'like' button as well as direct references to a 'downvote' feature.

The feature was tested by the company in 2021, ahead of Musk’s acquisition.

Ola CEO calls for 70 hours work week, doctor warns of diseases, premature death risk

Ola CEO calls for 70 hours work week, doctor warns of diseases, premature death risk

After Ola CEO Bhavish Aggarwal backed Infosys founder Narayana Murthy's 70-hour work-week advice, a top neurologist on Friday warned that it could increase the risk of several serious diseases and even premature death.

Murthy had, in 2023, said that if India wants to compete with developed economies that have made remarkable progress in recent decades, youngsters should work for 70 hours a week.

In a recent podcast, Bhavish reignited the debate on the 70-hour work week, saying that he is "fully in sync" with his advice.

Samsung participates in US biotech company's $277 million investment

Samsung participates in US biotech company's $277 million investment

Samsung Electronics said on Friday it has participated in a Series D investment round for the US biotech company Element Biosciences as a strategic investor, expecting to create synergy in the potential medical and digital health care sectors.

Samsung Electronics joins other investors, including Fidelity and Foresite Capital, in the US company's $277 million Series D round, reports news agency.

The South Korean tech giant said the investment will help it explore new business opportunities in a wide range of fields, from medical devices to digital health, by combining Element Bioscience's DNA analysis technology with its AI capabilities, medical devices and digital health technologies.

New jobs created in Indian economy in 2014-23 jump over 4-fold compared to 2004-14: SBI study

New jobs created in Indian economy in 2014-23 jump over 4-fold compared to 2004-14: SBI study

As many as 12.5 crore jobs have been created in the Indian economy during the financial years 2014-23, which represents an over four-fold jump from the 2.9 crore jobs created during 2004-14, according to a State Bank of India (SBI) study.

"Even if we exclude Agriculture, the total number of jobs created in Manufacturing and Services is at 8.9 crores during FY14-FY23 and 6.6 crores during FY04-FY14," according to the report prepared by SBI's Economic Research Department based on RBI data.

The total employment reported by Micro, Small and Medium Enterprises (MSMEs) registered with the MSME Ministry has crossed the 20 crore mark, data from the Udyam registration portal shows.

Data centre market in south India to see 65 pc growth by 2030: Report

Data centre market in south India to see 65 pc growth by 2030: Report

Fueled by Chennai, Bengaluru and Hyderabad, the data centre market in south India is projected to grow 65 per cent by 2030, a report showed on Thursday.

This surge is supported by substantial government incentives, strategic infrastructure investments and a rising demand for digital services, according to the report by Colliers India.

The combined installed data centre capacity in Chennai, Bengaluru, and Hyderabad stands at nearly 200 MW.

"This foundation is set to be significantly bolstered, with 190 MW currently under construction and an additional 170 MW planned," according to the report.

Five automakers to recall over 1,56,000 cars for faulty parts

Five automakers to recall over 1,56,000 cars for faulty parts

Kia, Nissan Korea and three other carmakers will voluntarily recall more than 1,56,000 vehicles due to faulty components, the transport ministry here said on Thursday.

The five companies, also including Hyundai Motor Co., Porsche Korea and Toyota Motor Korea Co., will recall 1,56,740 units of 32 different models, the Ministry of Land, Infrastructure and Transport said in a statement.

The problems that prompted the recall include poor durability of the electronic control hydraulic unit of 1,39,478 units of the Sorento SUV model, reports news agency.

Also, 8,802 vehicles across eight Nissan models, including the Q50 model, were found to have defective manufacturing of the propeller shaft.

Samsung reveals India pricing for new foldables, wearables

Samsung reveals India pricing for new foldables, wearables

Samsung on Thursday announced India pricing for the sixth generation of its foldable smartphone series, with pre-orders for Galaxy Z Fold6 and Z Flip6 now open.

The Galaxy Z Flip6 (12GB+256GB) will cost Rs 109,999 and the 12GB+512GB version will come for Rs 121,999.

Galaxy Z Fold6 in the 12GB+256GB variant will cost Rs 164,999 while the 12GB+512GB version will come for Rs 176,999.

The 12GB+1TB (silver shadow colour) will cost Rs 200,999, informed the company.

Apple sends fresh spyware threat alert to iPhone users in 98 nations

Apple sends fresh spyware threat alert to iPhone users in 98 nations

Tech giant Apple has issued a fresh warning to iPhone users in at least 98 countries, including in India, about a potential new mercenary spyware attack like 'Pegasus'.

According to the Apple warning, it has detected that “you are being targeted by a mercenary spyware attack that is trying to remotely compromise the iPhone associated with your Apple ID”.

In the warning, the iPhone maker further said that this attack is “likely targeting you specifically because of who you are or what you do”.

Industry, telcos to deploy technology to create 5G intelligent villages: Centre

Industry, telcos to deploy technology to create 5G intelligent villages: Centre

Emphasising the priority to unlock the potential of 5G technology for rural development, the government on Wednesday urged the industry and telecom service providers (TSPs) to come forward and deploy technology to create "5G Intelligent Villages".

The "5G Intelligent Village" initiative of the Department of Telecommunications (DoT) responds to the pressing need for equitable technological advancement by harnessing the transformative power of 5G technology to uplift rural communities.

At a DoT workshop, Telecommunications Secretary Dr Neeraj Mittal discussed the concept of "smart" and "intelligent" villages, emphasising the ability of these communities to interact, sense their surroundings, convey data, and extract knowledge, to be able to make informed decisions.

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