On Thursday, Meta introduced services ranging from verifying and authenticating businesses to integrating its own AI into customers’ chats on WhatsApp Business. The features are being tried out first in India and Brazil. In the coming months, they will be rolled out to more countries, Meta’s vice president of business messaging, Nikila Srinivasan, said in a media interaction. Meta is launching these new services for WhatsApp Business in its largest markets, starting with India and Brazil. These enhancements aim to improve business verification and customer interaction through AI, with plans to expand to other countries after the initial rollout. Meta…
Author: Editorial Team
Reserve Bank of India (RBI) Governor Shaktikanta Das announced the Monetary Policy Committee Meet 2024 decisions. The RBI kept the benchmark interest rate the same, focusing on controlling inflation after an unexpected election result. The MPC Meet 2024 met in Mumbai to discuss key policies. Food inflation remains a concern, with prices rising 1.03% in urban areas and 0.59% in rural areas in April, leading to a national increase of 0.74%. Despite this, India’s retail inflation dropped to an 11-month low of 4.83% in April 2024, staying within the RBI’s target range of 2-6%. RBI MPC Keeps Lending Rate Unchanged…
A company specializing in AI-powered tools for finding sales leads, Clodura.AI raises $2 million in funding before its Series A round. The funding was led by Bharat Innovation Fund, with support from Malpani Ventures. This money will be used to improve Clodura.AI’s platform, which uses advanced AI technology to make the sales process smoother, from finding potential customers to closing deals. Clodura.AI Raises $2 Million Funding for Expanding Clodura.AI plans to use the funding to enhance its AI capabilities and grow its customer base. According to the company, their all-in-one platform, which integrates various sales tools and uses advanced AI…
Microsoft is laying off 1,000 employees, primarily from two areas—the Strategic Missions and Technologies group and the mixed reality unit. These Microsoft layoffs are part of a broader effort by the tech giant to trim 10,000 roles throughout 2023. The Strategic Missions and Technologies group focuses on selling specialized cloud software and server rentals to businesses with specific needs, such as telecom firms and space companies. Most of the job cuts seem to be within this organization. Microsoft is also reducing its workforce in the mixed reality unit, which is responsible for developing the HoloLens 2 augmented reality headset. Despite…
On Wednesday, June 5, 2024, state-owned company Bharat Heavy Electricals Limited (BHEL) secures 3,500 crore order from Adani Power limited (APL). The contract is for setting up a 2×800 MW thermal power plant (TPP) in Raipur, Chhattisgarh. According to a stock exchange filing, BHEL will be responsible for supplying key equipment such as boilers, turbines, and generators, along with associated auxiliaries. The company will also oversee the erection and commissioning of the power project, which will be based on supercritical technology. BHEL Secures 3,500 Crore Order from Adani Power BHEL announced that it has signed a contract with Adani Power…
Today, the SBI shares are in focus as the bank will consider raising funds on June 11, when its board of directors will meet to discuss raising funds. They plan to raise up to $3 billion through a public offer or private placement of senior unsecured notes in US Dollars or other major foreign currencies during FY 2024-25. SBI’s stock closed 14.42% lower at Rs 775.20 on Tuesday, resulting in a market cap drop to Rs 6.91 lakh crore. On the BSE, 79 lakh shares were traded, totaling Rs 634.64 crore. SBI Stock Highlights Closing Price: SBI stock closed at…
Marvel is hinting at an exciting new adventure in the latest Avengers movie. Avengers 5, which might arrive in 2026, has already sparked a lot of buzz. The movie, previously titled Avengers: The Kang Dynasty, could be the most epic yet. Reports suggest that more than 60 MCU characters might return. Shawn Levy, known for directing Deadpool & Wolverine, is the top choice to direct. According to Deadline, sources say this will be one of Marvel’s biggest productions, with a huge ensemble cast fighting for the multiverse. Avengers 5 Release Date and Screenplay Details Avengers 5 production is set to…
The government decided to keep the interest rates of small savings schemes unchanged for the quarter ending June 30, 2024. This means the rates remain the same as the previous quarter, from April 1 to June 30, 2024. The decision was stated in a memorandum the Ministry of Finance issued on March 8, 2024. Let’s look at the top 9 post office small savings schemes offering above 7% interest rates. These schemes provide a good opportunity for people to save money and earn decent returns on their investments. Top Post Office Small Savings Schemes Offering Above 7% Interest Rates Public…
Travel Aggregator Ixigo is set to open an IPO on June 10. The company plans to raise Rs 740.10 crore from investors by offering shares at a price band of Rs 88 to 93 per equity share. They will offer 79.6 million shares in total. Out of these, 66.7 million shares will be offloaded by promoters and other selling shareholders, amounting to Rs 620.10 crore. The initial public offering (IPO) of Le Travenues Technology, which operates the travel tech platform ixigo, will open for subscription on June 10 and close on June 12. The company expects to finalize the allotment…
The Union Textiles Ministry plans to support 150 startups creating technical textiles, including materials like Kevlar and Spandex. The government will Fund 150 Startups with ₹50 Lakh each. Importantly, the ministry won’t ask for a share of the profits from the businesses that receive this funding. This initiative is part of a larger effort under the National Technical Textiles Mission (NTTM), which has set aside ₹375 crore for the fiscal year 2025 to support the development of advanced textiles in India. This funding aims to boost innovation and growth in the technical textiles sector. Technical textiles like Kevlar, Spandex, Nomex,…