Author: News Desk
Hitachi Payment Services Launches India’s First UPI-ATM: A Paradigm Shift in Cash Withdrawals In a significant leap towards a cashless economy, Hitachi Payment Services, a leading player in India’s payment solutions arena, unveiled the nation’s first Unified Payments Interface Automated Teller Machine (UPI-ATM) . This pioneering move, in collaboration with the National Payments Corporation of India (NPCI), promises to revolutionize the way Indians access cash and conduct banking transactions. Here are the key highlights and implications of this groundbreaking development: 1. UPI-ATM Debut: A Technological Marvel The UPI-ATM marks a historic moment in India’s banking landscape. It is a White Label…
Zoho Becomes First Bootstrapped SaaS Firm to Surpass 100 Million Users Chennai-based Software as a Service (SaaS) company, Zoho, achieved a remarkable milestone by crossing 100 million users globally. What makes this accomplishment truly extraordinary is the fact that Zoho achieved this feat without any external fundraising, solidifying its position as the first bootstrapped SaaS company to reach such a massive user base. Zoho’s journey from humble beginnings to becoming a global SaaS giant is an inspiring story of persistence, innovation, and unwavering commitment to its vision. A Suite of 55+ Business Applications Zoho has earned its reputation by offering…
In a significant move aimed at boosting financial security and providing investment opportunities for employees, the UAE Cabinet has adopted a novel system for managing end-of-service benefits in the private sector and free zones. This groundbreaking initiative is set to transform the way employees in the UAE save and invest their retirement funds. The announcement, made during a Cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, promises to protect workers’ savings and offer stability to their families. The key features of the new end-of-service benefits…
Nestlé CEO Yasser Abdul Malak’s Vision for Innovation and Growth in MENA Nestlé’s Chairman and CEO for the Middle East and North Africa (MENA) region, Yasser Abdul Malak, recently shared his insights and strategies for managing the global food giant. In his first public interview since taking the helm in January 2022, Abdul Malak highlighted Nestlé’s commitment to innovation, adaptation to changing consumer behaviors, and its focus on proximity to consumers and sustainability. Let’s delve into his vision and initiatives. Adapting to Changing Consumer Habits Abdul Malak recognizes that the Middle East is experiencing rapid changes in consumer habits, influenced…
In the realm of AI-powered chatbots and language models, one of the inherent limitations has always been their reliance on static, outdated data. When asked about the effectiveness of Covid vaccines against the latest variants in 2023, OpenAI’s ChatGPT admitted its incapacity, stating it lacked access to real-time information beyond its last update in September 2021. This deficiency highlights a critical challenge in the medical field where constant advancements and research breakthroughs are the norm rather than the exception. Daniel Nadler’s Ambitious Solution Enter Daniel Nadler, a seasoned entrepreneur who previously sold his AI startup, Kensho Technologies, to S&P Global…
India’s Leading Credit Card Issuer Raises the Bar for High-Net-Worth Individuals SBI Card, India’s largest credit card issuer, unveiled an array of new features and enhancements for its exclusive super-premium credit card, ‘AURUM.’ This invite-only card is designed to cater to the discerning tastes and preferences of high-net-worth individuals, offering an unparalleled experience that transcends conventional credit card offerings. Elevated Rewards Program One of the key enhancements to the AURUM card is an enriched rewards program. Cardholders can now enjoy a higher rate of earning reward points on all their transactions. Whether it’s dining at their favourite restaurant, indulging in…
A Chennai-based consumer forum has slapped a ₹1 lakh fine on FMCG powerhouse ITC Limited after a customer discovered that a packet of “Sun Feast Marie Light” biscuits contained one less biscuit than advertised. The incident, which dates back to December 2021, sheds light on deceptive packaging practices in the food industry. Deceptive Packaging Unveiled The saga began when P Dillibabu, a resident of MMDA Mathur in Chennai, purchased two packets of ‘Sun Feast Marie Light’ biscuits from a local retail store with the intention of feeding stray dogs. To his dismay, upon opening one of the packets, he discovered…
In an exclusive interview with MoneyControl, Prime Minister Narendra Modi sheds light on India’s vision for its G20 Presidency, emphasizing the country’s commitment to inclusive growth, technological innovation, and responsible global leadership. With a focus on startups, electric vehicles (EVs), and sustainable business practices, this interview delves into India’s role in shaping the global future. 1. Embracing the G20 Presidency: A Family of Nations When asked about India’s vision for its G20 Presidency, Prime Minister Modi emphasizes the motto, “Vasudhaiva Kutumbakam – One Earth One Family One Future,” highlighting India’s commitment to the unity of all nations. He explains that…
Protecting Your Privacy: Say No to Unnecessary Mobile Number Requests Have you ever been in a situation where a stranger on the road asked for your mobile number? How about when a commercial establishment demands your phone number as a mandatory requirement to generate a bill? These scenarios may seem different, but they both raise concerns about our privacy and consumer rights. In this article, I’ll delve into the issue of unwarranted mobile number requests and why it’s essential to stand up against this practice. A Government Advisory on Consumer Rights Recently, the Department of Consumer Affairs of the Government…
Sampriti Bhattacharyya: Pioneering Sustainability with America’s First Electric Hydrofoil Boat In a world where sustainability is becoming increasingly crucial, visionaries like Sampriti Bhattacharyya are pushing the boundaries of innovation to reshape our future. Sampriti, an inventor of Indian descent, is the creative force behind the Navier 30, America’s inaugural electric hydrofoil boat. This groundbreaking innovation not only challenges the norms of maritime transportation but also heralds a future with reduced environmental impact. In this article, we delve into the remarkable journey of Sampriti Bhattacharyya and the transformative impact of her invention. Sampriti’s Extraordinary Journey Sampriti’s path to pioneering the Navier…