Tuesday, November 28

Author: Priyanka

Adobe acquired Rephrase.ai, AI-driven video creation startup
24Nov By PriyankaNo Comments
ACQUISITION

Adobe acquired Rephrase.ai, AI-driven video creation startup

Adobe, the renowned software company, has recently acquired Rephrase.ai, an AI-driven video creation startup based in Bengaluru, making it their first generative AI acquisition in India. According to the Economic Times, Adobe plans to integrate Rephrase's technology stack and generative AI video capabilities into their native video-editing platform, Creative Cloud. This strategic move aims to enhance and expand Adobe's range of services. The acquisition of Rephrase.ai will empower Adobe to seamlessly incorporate AI-driven video content tools across their software suite. This comes at a time when corporations are actively seeking AI-powered solutions to complement their daily work processes. Rephrase.ai, founded in 2019 by Ashray Malhotra, Nisheeth Lahoti, and Shivam Mangla, all g...
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India’s leading escooter player Ola Electric raises $385 Mn
27Oct By PriyankaNo Comments
FUNDING

India’s leading escooter player Ola Electric raises $385 Mn

Bengaluru, 27th Oct 2023: Ola Electric, a leading player in the electric vehicle (EV) industry, has recently secured an impressive funding amount of Rs 3,200 crore. This substantial investment comes from prominent investors, including Temasek and State Bank of India (SBI). In an official statement, Ola Electric proudly announced the successful conclusion of this funding round, led by Temasek and SBI. The company plans to allocate these funds towards the expansion of its EV business, as well as the establishment of India's inaugural lithium-ion cell manufacturing facility. This facility will be situated in Krishnagiri, Tamil Nadu. Looking forward, the Bangalore-based firm is eager to accelerate its growth trajectory in the EV market. Ola Electric aims to achieve this by ramping up it...
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The Secrets Behind DMart’s Low Price Strategy
4Oct By PriyankaNo Comments
BUSINESS

The Secrets Behind DMart’s Low Price Strategy

Founded in the bustling city of Mumbai in 2002 by the visionary leader and investor R K Damani, DMart has emerged as a leading supermarket chain in India. With a humble beginning of stores limited to four states during its initial 15 years, the company has now expanded exponentially to encompass an impressive network of 336 stores across 72 cities in 11 states. In this article will find out the Secrets Behind DMart's Low Price Strategy which sets apart from its competitors like Reliance retail, Spencer, Star market etc. First Lets Understand DMart's Philosophy When it comes to retail giants, DMart has made a name for itself with its low price strategy. Shoppers flock to DMart stores, eager to snag great deals on a wide range of products. But what exactly is the secret behind DMart's...
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Global Digital Payment Transaction Volumes set to reach 1.3 trillion in 2023 
15Sep By PriyankaNo Comments
ANALYSIS

Global Digital Payment Transaction Volumes set to reach 1.3 trillion in 2023 

Paris, September 15, 2023 – The Capgemini Research Institute’s 2023 World Payments Report, published today, reveals non-cash transaction volumes will reach 1.3 trillion by 2023 globally. As consumers and businesses adopt new digital payment schemes, the report suggests this growth will accelerate to 2.3 trillion by 2027 growing at a rate of 15% annually. At a regional level, digital payments will grow by 19.8% across the Asia Pacific, 10.7% in Europe, and 6.5% in North America by 2027.  The expanding digital payment infrastructure, regulations, and open banking are swiftly changing how customers and businesses pay for goods and services. According to the report, by 2027, new payment methods (instant payments, e-money, digital wallets, account-to-account, and QR code payments) will...
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What is Quantum Computing and how it will work
10Jul By PriyankaNo Comments
Tech

What is Quantum Computing and how it will work

Quantum computing is a field of computing that utilizes the principles of quantum mechanics to process and manipulate information. Traditional computers, known as classical computers, use bits to represent and process information, where each bit can be either a 0 or a 1. In contrast, quantum computers use quantum bits, or qubits, which can represent and process information as both 0 and 1 simultaneously, thanks to a property known as superposition. The power of quantum computing lies in its ability to leverage this superposition and another quantum property called entanglement. Entanglement allows qubits to be interconnected in such a way that the state of one qubit can instantaneously affect the state of another, regardless of the physical distance between them. This property enables ...
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Premium Sneaker Brand Mainstreet Marketplace Secures $2 Million
30Jun By PriyankaNo Comments
FUNDING

Premium Sneaker Brand Mainstreet Marketplace Secures $2 Million

Bengaluru, 30th June, 2023: Premium Sneaker Resale platform, The Mainstreet Marketplace raises $2 million in a seed funding round led by zerodha's cofounder Nikhil Kamath, Abhijeet Pai’s fund Gruhas and others.  There was participation from Silverneedle Ventures, Deepinder Goyal, founder of Zomato, Sujeet Kumar, founder of Udaan, Amarjit Batra, managing director of Spotify India, Yogesh Chaudhary, director of Jaipur Rugs, Sujeet Kumar and Arjun Vaidya, founder of Dr. Vaidya. Comedian Tanmay Bhat, actors Mouni Roy and Ashish Chanchlani, musician Nikhil Chinappa also took part in the funding round. The D2C platform will deploy the funds towards hiring an experienced senior management team, expanding their brick-and-mortar into more cities, and building on the quality of their customer...
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US averts default: House Passes debt ceiling bill to avoid default
2Jun By PriyankaNo Comments
USA

US averts default: House Passes debt ceiling bill to avoid default

Washington, Jun 2, 2023: The US Senate on late thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default. The Senate voted 63-36 in favor's to approve the bill that was passed on Wednesday by the House of Representatives, as lawmakers raced against the clock following months of partisan bickering between Democrats and Republicans. U.S. Senate Republican Leader Mitch McConnell stated, “Four months after Speaker McCarthy invited President Biden to begin negotiating a resolution to the looming debt crisis, an important step toward fiscal sanity will finally become law. “Thanks to House Republicans’ efforts, the Fiscal Responsibility Act avoids the catastrophic ...
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Asian Stock Market are Up, Japan’s Nikkei Strengthens
11Jan By PriyankaNo Comments
Market

Asian Stock Market are Up, Japan’s Nikkei Strengthens

TOKYO, 11th Jan 2023 – Asian shares were mostly higher on Wednesday off a rally on Wall Street that came ahead after the weaker yen also boosted buying sentiment in Japan, as the country’s exporters earn more when foreign profits are converted into yen. Japan’s benchmark Nikkei 225 NIK, +0.99% rose 1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.95% gained about 1% and South Korea’s Kospi 180721, +0.17% gained about 0.2%. Hong Kong’s Hang Seng HSI, +1.02% climbed 1%, while the Shanghai Composite SHCOMP, +0.20% rose 0.2%. Benchmark indices in Taiwan Y9999 fell -0.34%, Malaysia FBMKLCI, +0.10% and Indonesia JAKIDX, -0.48%, while Singapore STI stocks gained +0.30%. Shares of Fast Retailing Co. 9983, +1.23%, which operates popular Japanese clothing retailer Uniqlo, rose 1.4% ...
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Why Am I Getting So Many Emails?
26Jul By PriyankaNo Comments
Tech

Why Am I Getting So Many Emails?

If you are feeling more and more overwhelmed as you check your work or personal inbox, you are not alone! It can be difficult to reach the messages that you need the most when your inbox is filled with promotions and spam messages. The issue is that most people aren’t sure why they are receiving so many emails or where these messages are coming from. To give you a little bit of insight as to why you are receiving so many emails, we are going over a few of the most common types of mass emails sent using mass email software. From there, we’ll guide you through a few strategies to help you manage your inbox so it is slightly less overwhelming each day. Plus, we’ll be showing you how companies use gmail mass emails to reach their audience and how you can curate the promotional messages that l...
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Why People Share Fake News on Social Media
1Jun By PriyankaNo Comments
ANALYSIS

Why People Share Fake News on Social Media

People may feel less unethical about sharing misinformation on social media if they repeatedly encounter the fake news item, even when they don't believe it, according to a study involving more than 2,500 people. The researchers, including one of Indian Origin Medha Raj from the University of Southern California in the US said seeing a fake headline just once leads individuals to temper their disapproval of the misinformation when they see it a second, third, or fourth time. As part of the study, published in the journal Psychological Science, the researchers asked online survey participants to rate how unethical or acceptable they thought it was to publish a fake headline, and the likelihood that they would "like", share, and block or unfollow the person who posted it. ...
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Berkshire Shareholders will keep Warren Buffett as chairman
5May By PriyankaNo Comments
News

Berkshire Shareholders will keep Warren Buffett as chairman

5/5/2022, NY, CALF: In a filling on Wednesday, Berkshire Hathaway Inc. mentioned that shareholders vote to keep Warren Buffett both chairman and chief executive. The proposal, which called for an independent chair, received only 54,425 votes (about 11%) to 448,868 against (89%), according to the filing. In the form 8k, all other 14 Berkshire directors including Buffett; Vice Chairmen Charlie Munger, Greg Abel and Ajit Jain; and lead independent director Susan Decker won reelection with more than 86 per cent of votes cast. The Company has also received a letter from the NYSE that acknowledged that the Company is back in compliance with the continued listing standards establishing a majority of independent directors on its board. Buffett, 91, became CEO of Berkshire in 1965, and ha...
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