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Skechers Announced $1 billion Share Buyback Program

26Jul By AnkitaNo Comments

Market

Skechers Announced $1 billion Share Buyback Program

Leading footwear and The Comfort Technology company Skechers announced $1 billion share buyback and a new sales record of $2.16 billion in the second quarter, attributed to high demand for their range of comfortable and innovative footwear. David Weinberg, Skechers' Chief Operating Officer, highlighted that the growth stemmed from increases of 9% in Direct-to-Consumer sales, 6% in Wholesale, 7% internationally, and 8% domestically. Growth was seen across all regions, with notable increases in the Americas (7%), Europe, the Middle East, and Africa (14%), and Asia Pacific (2%). Particularly strong performances were noted in international direct-to-consumer and domestic wholesale segments, which saw respective growth rates of 15% and 14%. Despite challenges like foreign currency fluctuat...

Ola Cabs Start using Ola Maps, Exit Google Map

8Jul By AnkitaNo Comments

News

Ola Cabs Start using Ola Maps, Exit Google Map

Bengaluru, 8th July 2024: In a significant development within the tech and transportation industry, Ola Cabs, under the leadership of Bhavish Aggarwal, has made a strategic transition to utilizing its proprietary online mapping service, Ola Maps. This move marks a pivotal shift for the Bengaluru-based ride-hailing company as it aims to enhance operational efficiency, reduce costs, and offer advanced features to its users. The decision to shift to an in-house navigation platform comes on the heels of Ola Electric's successful commercial launch of Ola Maps in January this year. Founder Bhavish Aggarwal emphasized the substantial cost savings achieved by the company through this transition, stating that they have managed to eliminate an annual expenditure of ₹100 crore by fully leveraging...

10Jun By AnkitaNo Comments

INDIA

ChatSUTRA – India’s Own Worldclass AI platform launched in 50 languages

New Delhi, 10th June 2024: India based TWO AI made a groundbreaking announcement regarding the wider release of its advanced AI model, ChatSUTRA, through the launch of a new AI application named ChatSUTRA on the platform chat.two.ai. This release follows extensive testing and enhancements to ensure optimal performance. ChatSUTRA is now accessible on both web browsers and mobile devices running iOS and Android operating systems. This development marks a significant milestone as TWO AI opens up SUTRA's state-of-the-art capabilities to a broader audience. A key feature of SUTRA lies in its exceptional multilingual adaptability, which allows users to engage with the AI in over 50 languages seamlessly, eliminating language barriers and cultural discrepancies. Among the diverse language...

Exploring the Reasons Behind Dubai’s Heavy Rainfall

19Apr By AnkitaNo Comments

News

Exploring the Reasons Behind Dubai’s Heavy Rainfall

The United Arab Emirates (UAE) recently experienced its heaviest rainfall ever due to a severe thunderstorm that struck the country late on Monday night, resulting in one fatality, property damage, and disruptions to air travel in Dubai. Dubai, a typically arid region, received an unprecedented amount of rain, with more than 142 millimetres falling in just one day – a stark contrast to the average annual rainfall of 94.7 millimetres at Dubai International Airport. The heavy downpour led to widespread flooding, causing chaos at the airport and throughout the city. The impact of the heavy rains was felt across Dubai, with homes flooded, vehicles abandoned on roads, and popular shopping centers like Dubai Mall and Mall of the Emirates overcome with water. School closures and work-from-...

US House Set to Vote on Controversial TikTok Ban

13Mar By AnkitaNo Comments

USA

US House Set to Vote on Controversial TikTok Ban

13th March 2024, Washington: The US House of Representatives is set to vote on Wednesday on a bill that could potentially force TikTok ban in the United States. The proposed legislation poses the most significant threat to TikTok yet, as concerns have mounted among governments and security officials regarding its Chinese ownership and potential allegiance to the Communist Party in Beijing. The scheduled vote, expected to take place at 10:00 am, is anticipated to pass with widespread support, showcasing a rare moment of bipartisan unity in the currently divided political landscape in Washington. While the outcome of the bill remains uncertain in the Senate, where key figures are hesitant to take such drastic action against a widely-used app boasting 170 million US users, President...

How to Visit Ayodhya? Flight, Train and Bus Route

18Jan By AnkitaNo Comments

INDIA

How to Visit Ayodhya? Flight, Train and Bus Route

Ayodhya, 18th January 2023: Ayodhya, a holy hindu city that resonates with the echoes of ancient spirituality and timeless culture, invites pilgrims and travelers from all over the world to breathe in its sanctity. Home to the magnificent Ram Mandir, a symbol of architectural splendor and devotional grandeur, your Ayodhya visit promises to be an unforgettable spiritual retreat. Plan your journey with our comprehensive guide, as we chart out the best routes for a seamless passage to the heart of Uttar Pradesh's treasured heritage. Navigating to Ayodhya: Your Travel Options Unveiled Arriving in Ayodhya by Air Recently, On 30th December 2023 Government of India and AAI launched new Airport in Ayodhya known as "Maharishi Valmiki International Airport". Bask in the convenience of direct f...

BRICS Group Expands with Five New Members

2Jan By AnkitaNo Comments

News

BRICS Group Expands with Five New Members

2nd Jan, 2024, Moscow: The BRICS group, renowned as a pivotal platform for emerging markets and developing countries, has recently welcomed five new members. The inclusion of Egypt, Iran, Saudi Arabia, the United Arab Emirates, and Ethiopia strengthens the bloc's influence and marks a significant milestone. Originally established by Brazil, Russia, India, China, and South Africa, the BRICS group now encompasses a wider range of nations, reflecting its growing importance in the global landscape. The acceptance of these new members into the BRICS group comes after numerous membership requests in recent years, underscoring the increasing significance and influence of the bloc. The Johannesburg Summit in August 2023 extended a formal invitation to the five nations, recognizing their econom...

Who is Mira Murati, the new interim CEO of OpenAI

18Nov By AnkitaNo Comments

News

Who is Mira Murati, the new interim CEO of OpenAI

Mira Murati, a seasoned professional with a remarkable track record at OpenAI, has been appointed as the interim CEO. Having played a pivotal role in the development and implementation of groundbreaking products like ChatGPT and DALL-E, Murati now steps into the spotlight to lead the company. After the recent decision by OpenAI's board of directors to remove Sam Altman, co-founder and CEO, Mira Murati was chosen as the successor. Recognized for her unique skill set and proven expertise, Murati ensures a smooth transition while OpenAI conducts a comprehensive search for a permanent CEO. Murati, 34, has been an influential force within OpenAI for quite some time, even while holding the title of Chief Technology Officer. Current and former employees attest to her position as the head o...

Flexport acquired digital freight network Convoy

2Nov By AnkitaNo Comments

ACQUISITION

Flexport acquired digital freight network Convoy

NY, 2nd November 2023: Flexport, a venture-funded freight forwarder, made an announcement on Wednesday regarding its acquisition of Convoy's technology stack. According to a report by FreightWaves last week, the two freight startups were in talks discussing this acquisition, as Convoy, a freight brokerage, had recently shut down on October 19. In an email sent to Flexport's team on Wednesday afternoon, Ryan Petersen, the CEO and founder of Flexport, stated that their strategy would be to provide a comprehensive range of trucking services to customers who consider them a one-stop-shop for global logistics. He added that thanks to this deal, they are now in an excellent position to fulfill their product vision as a true one-stop-shop, capable of shipping any product, in any quantity, bet...

15Oct By AnkitaNo Comments

Market

Noteworthy Stock Market Crashes in History

The stock market has always been a subject of fascination and concern for both seasoned investors and new entrants. Market trends and behaviors can significantly impact investment decisions, and predicting the future can seem like an elusive endeavor. In this article, we explore the potential for a stock market crash in the years 2023 and 2024, delving into various viewpoints from experts and analyzing key factors that could influence the market's stability. Historical Market Crashes Understanding the past can provide valuable insights into the future. While history does not repeat itself exactly, it often rhymes. Several major market crashes have shaped the course of financial markets in the past, such as the Great Depression of the 1930s, the Dotcom bubble burst in the early 2000s...

Decoding the Success Story of BYD: A Case Study

1Oct By AnkitaNo Comments

Automobile

Decoding the Success Story of BYD: A Case Study

BYD, a Chinese automobile manufacturer, has risen to prominence in recent years, capturing the attention of industry experts and consumers alike. This article aims to decode the success story of BYD, examining the factors that have propelled the company's growth and success. By delving into various aspects of BYD's journey, we can gain valuable insights into the strategies and practices that have made it a formidable player in the automotive industry. Visionary Leadership One of the critical factors behind BYD's success is its visionary leadership. The company was founded in 1995 by Wang Chuanfu at age of 29. He partnered with his cousin Lu Xiangyang and established BYD Company. BYD Auto is a subsidiary of the BYD Company. BYD Auto emerged after the BYD Group acquired the Qinchua...

Huawei Launches Services in Saudi Arabia

5Sep By AnkitaNo Comments

News

Huawei Launches Services in Saudi Arabia

RIYADH, Saudi Arabia , Sept. 5, 2023-- Huawei announced the launch of the Huawei Cloud Riyadh Region at the Huawei Cloud Saudi Arabia Summit 2023. This Region will help promote digital-driven economic growth in the country. The launch of the Huawei Cloud Riyadh Region announced that the Saudi Arabia region will be the focus of Huawei Cloud to serve the Middle East , Central Asia and Africa, providing innovative, reliable, secure and sustainable cloud services. This achievement underscores Huawei CLOUD's unwavering dedication to supporting Saudi Arabia's Vision 2030, aligned with the nation's ambitious goals of technological advancement, leadership, and innovation. Huawei Cloud Saudi Region is located in Riyadh and, through a 3AZ (availability zone) architecture, will provide secure ...