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Asian Paints Faces Urban Slowdown as Q3 Profits Slide 23%

Industry Battles One of the Toughest Demand Environments in Decades Mumbai, India – Leading paint manufacturer Asian Paints has reported a 23% decline in net profit for the third quarter of the fiscal year, citing weak urban demand and inflationary pressures. The company, a key player in the decorative paints segment, described the current market as one of the toughest […]

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OpenAI Ties Up with Chat App Kakao, Expands Stargate Talks

OpenAI Ties Up with Chat App Kakao, Expands Stargate Talks Sam Altman Meets South Korean Industry Leaders to Discuss AI Partnerships Seoul: OpenAI, the global leader in artificial intelligence, announced its latest AI-powered initiatives for the South Korean market, including an official partnership with Kakao, the country’s leading messaging and AI-driven technology company. During his […]

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“AI is Writing the Code for Humanity”: PM Modi Announces India as Host for Next AI Summit

Prime Minister Narendra Modi,co-chairing the AI Action Summit in Paris alongside French President Emmanuel Macron, emphasized the profound impact of artificial intelligence on polity, economy, security, and society. Highlighting the transformative power of AI, Modi called for a global framework that upholds shared values, builds trust, and ensures equitable access, particularly for the Global South. […]

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Zomato Transforms into Eternal Ltd., Signaling a New Era

In a significant corporate overhaul, Zomato has officially announced a name change for its parent company to Eternal Ltd. This move underscores the company’s broader vision beyond food delivery, marking a strategic expansion into multiple business verticals. A New Name for a Diversified Business The decision, approved by Zomato’s board, reflects the company’s rapid evolution. […]

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Swiggy’s Loss Widens to ₹799 Crore Despite Strong Revenue Growth

Bengaluru: Swiggy, one of India’s top food and grocery delivery platforms, has reported a widening of its net loss to ₹799 crore in the third quarter, despite a 31% jump in operating revenue to ₹3,993 crore. The financial strain is attributed to increased investments in market expansion, competitive pricing strategies, and rising operational costs.   […]

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Liquor Bottles May Carry Bolder Warnings as FSSAI Mulls Stricter Rules

New Delhi: The Food Safety and Standards Authority of India (FSSAI) is considering a significant overhaul of alcohol bottle labeling regulations by introducing stronger and more prominent health warnings. This move aligns with global health recommendations and aims to raise awareness about the health risks associated with alcohol consumption.   According to sources within the […]

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Citibank Leadership Overhaul: Ashu Khullar to Head Global Asset Management, K. Balasubramanian Named India CEO

Mumbai: In a significant leadership transition, Citibank has appointed Ashu Khullar, the current India CEO, as the Global Co-head of Asset Management (GAM). He will relocate to London to oversee the bank’s asset management operations worldwide. Meanwhile, K. Balasubramanian, currently managing corporate banking for South Asia, has been named as the new CEO for Citibank […]