Category: Quantum Brief

Fin+InsureTech startup Finsall raises Rs. 15 Crore in bridge round led by Unicorn India Ventures and Seafund

The company also aims to utilise the current capital infusion for developing more strategic partnerships with the insurers, intermediaries, and lenders to broaden service offerings and enhance distribution channels.

The funds raised will be used for setting up an NBFC to scale lending operations and deliver more value to its customers in insurance premium financing.

MDH, Everest, among other spices found unfit for consumption in Rajasthan

Additionally, the health department also found that the pesticide and insecticide levels in the spices were much higher than the permissible limits, which were potentially high on the health risk scale. (Representative image by Ratul Ghosh via Unsplash)

Strong action will be taken under the Indian Food Safety and Standards Act, based on orders passed by the state’s health minister Gajendra Singh Khinvsar. This includes immediate confiscation of the deemed unsafe spices.

NCLT approves Air India – Vistara merger

Last year in September, the Competition Commission of India (CCI) had approved the merger between the two airlines. (Images sourced via News18)

The merger will mean that the Air India group becomes India’s largest international carrier, operating more flights internationally than any of its rivals.

Cannes Lions 2024: Harpic, Lay’s and ESAF Small Finance Bank pick shortlists in Glass Lions category

The Glass Lion recognises work that implicitly or explicitly addresses issues of gender inequality or prejudice, through the conscious representation of gender in advertising.

Tgthr Mumbai and Reckitt Benckiser Gurgaon, Leo Burnett Mumbai and McCann WorldGroup Gurugram are the agencies behind the brand work that has been shortlisted.

Doordarshan to telecast T20 World Cup matches

Doordarshan has reached an understanding with leading global sports bodies like NBA and PGTA for showcasing their content on DD Sports. NBA’s popular e-sports property NBA 2K League matches are telecast on DD Sports Channel.

Prasar Bharati is in advanced stages of negotiations with different sports bodies and agencies to showcase different sports leagues and properties on its sports channel.

Edelweiss Tokio Life Insurance rebrands to Edelweiss Life Insurance

Over the last 4 years, the life insurer has reoriented its advisory approach, built insta-issuance capabilities in its customer onboarding journey, and built a unified app for creating ease of business for its distributors.

The company has also refreshed its logo. However, it has retained its brand positioning of ‘zindagi unlimited.’

Ola Electric to layoff 400-500 employees ahead of upcoming IPO

Some of the laid off employees will be replaced with new hires at lower costs but the overall number is going to decrease.

The total number of employees that will be laid off is subject to change as the leadership is currently determining the scale of layoffs that will affect various departments.

Honasa Consumer Ltd records highest ever quarterly PAT of Rs. 30 Cr; Mamaearth revenue rises 21 percent

ASCI has urged brands to ensure that their contracts (with influencers) require disclosure labels to be mentioned, and blacklisting influencers who do not adhere to these instructions.

The company has witnessed revenue from operations grow for the quarter at 21.5 percent year-on-year (23.3 percent like-for-like) and for the year at 28.6 percent year-on-year (31.6 percent like-for-like).

OpenAI and News Corp announce multi-year partnership

Earlier this week, OpenAI also announced it would retain its non-profit structure following public feedback on a proposed restructuring.

Through this partnership, OpenAI has permission to display content from News Corp mastheads in response to user questions and to enhance its products, with the ultimate objective of providing people the ability to make informed choices based on reliable information and news sources.