Author: News Desk
Debt-ridden Future Retail Ltd has released a provisional list of applicants who have expressed interest in submitting a resolution plan. 49 companies including Reliance Retail, WH Smith, JC Flowers ARC and Sahara Enterprises have come forward for Future Retail. An international consortium led by Gordon Brothers and Jindal Power have expressed interest in Future Retail. With this, shares of Future Retail rose 4.17 percent and reached the upper circuit in Monday’s trade. Lenders have claimed Rs 21,057 crore from Future Retail and operational creditors have claimed Rs 265 crore. Future Enterprises consists of 19 group companies operating in retail, wholesale,…
The UAE Ministry of Finance has declared that certain individuals are not required to register for corporate tax. In line with Article 51 of the Corporate Tax Law, the Authority published Ministerial Decision No. 43 of 2023 on Exemption from Tax Registration for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Companies and Businesses (the “Corporate Tax Law”). Exemptions from Corporation Taxation in the UAE Governmental Organisations, Organisations under the jurisdiction of the Government, companies engaged in extractive industries, and companies engaged in non-extractive natural resource industries are among those excluded. Moreover, non-residents who merely…
The Government is developing a ChatGPT-like chatbot hotline that can be used to handle consumer complaints. The gadget will also be built so that users may communicate with it through audio messages in a variety of Indian languages. To be clear, the chatbot that is now being developed is distinct from the one that was conversationally deployed last month to address customer concerns. This is due to the fact that it requires the user to choose from a list of possibilities in a step-by-step fashion, starting with state, city, industry, brand, issue, product value, etc., as opposed to allowing him to just enter facts as in a typical discussion.…
Leading FMCG companies in India are experimenting with a variety of regional cuisines in an effort to capitalise on the potential of localised food item preferences, generating hyper-localization and sparking a frenzy of product innovation. For instance, what is referred to as a poorie in Delhi is known as luchi in Kolkata, and what is referred to as pani puri in Bombay is called as golgappe elsewhere. Four local tea varieties from Kolkata, Mumbai, Delhi, and Hyderabad have just been added to store shelves by Tata Consumer Products (TCPL), which recently revealed its line of premium street “chai.” ITC has…
With opposition parties seizing on the Amul vs Nandini controversy in the election-bound state of Karnataka and assurances from BJP officials in power that Amul would not enter the state, the decision to stay out of Karnataka is more of an economic decision than a political one. Amul, a cooperative society with headquarters in Gujarat, tweeted: “A new wave of freshness with milk and curd is coming to Bengaluru. There will be more details soon. #LaunchAlert. Wishing everyone a happy Taaza day from Kengeri to Whitefield. The dairy company said, “The #Amul family is bringing some Taaza into #Bengaluru city,”…
In order to create a touchless biometric capture system that is simpler to use anytime, anyplace, the Unique Identification Authority of India (UIDAI) and the Indian Institute of Technology, Bombay (IIT-Bombay) inked a memorandum of understanding on Monday. According to the Agreement, UIDAI and IIT Bombay will collaborate on research to develop a mobile fingerprint capture technology that includes a liveness model. The touchless biometric capture technology, once built and operational, will enable fingerprint authentication from home, similar to face authentication. The new technology is anticipated to increase the success rate of authentication and collect numerous fingerprints at once. According…
Kuwait to build the world’s tallest tower, Burj Mubarak, as part of the Madinat Al Hareer project, featuring seven vertical villages and expected to create jobs and boost the economy. The “world’s tallest tower,” the Burj Mubarak, will shortly be built in Kuwait. The one-kilometer-tall tower will be the major attraction of Madinat Al Hareer, or Silk City, in Kuwait, and will be built in the city’s core. Madinat Al Hareer is projected to be finished by 2023. According to another Business Insider source, the Burj Mubarak megaproject will take roughly 25 years to complete and will be composed of three interlocking, twisting structures to protect it from…
In an unexpected move, Chinese search engine giant Baidu has launched a lawsuit against tech titan Apple for alleged intellectual property rights violation. According to the complaint, Apple has enabled counterfeit versions of Baidu’s natural language processing engine Ernie to be sold on its App Store, in violation of Chinese law. Ernie is a strong natural language processing system that may be used to power chatbots, virtual assistants, and translation services. It competes directly with OpenAI’s ChatGPT technology and has been widely embraced by many Chinese technology enterprises. According to Baidu, Apple has permitted various apps on its App Store…
10 different sources of Start-up Funding – Explained Entrepreneurs seeking finance frequently turn to venture capital (VC) funding, but there are a number of other options available. Here are 10 different forms of funding options for entrepreneurs, from getting the ideal grant to crowdsourcing from your largest fans. VC funding A venture capital firm provides cash in exchange for stock while providing VC investment. The reason VC is often the most popular kind of investment is that the checks are typically bigger than other choices, which is especially helpful for firms trying to develop at breakneck speeds. Accelerators Accelerators choose…
PM Modi flags off high-speed Vande Bharat Express in Chennai and Secunderabad. Prime Minister Narendra Modi today started off the Chennai-Coimbatore Vande Bharat Express at Chennai’s MGR Chennai Central Railway Station in Tamil Nadu. When the Prime Minister arrived at the location, he inspected the Chennai-Coimbatore Vande Bharat Express and chatted with youngsters as well as the train’s crew. This is the second Vande Bharat Express train to depart from Chennai, following the Chennai-Mysuru Vande Bharat Express. Except for Wednesdays, Southern Railway intends to run the high-speed Vande Bharat express train between the two cities every day. The train will travel at a speed of 130 kmph, reaching the destination on both…