February 2024 – Page 10

Amazon Pay gets RBI’s payment aggregator license

The regulator gave its go ahead to the payments app to carry out business as payment aggregator, which will allow it to facilitate ecommerce transactions through its app, Moneycontrol reported. (Representative Image: Christian Wiediger via Unsplash)

Amazon Pay secures payment aggregator license from RBI. The RBI has given the license to as many as 10 companies since the start of 2024, including Zomato, Juspay, Decentro, Zoho and Stripe.

Volvo Cars’ customer service head Kalpit Shishodia elevated to director commercial operations

Kalpit Shishodia, who led the customer service function since 2017, has been promoted to the role of director commercial operations to oversee all revenue generating functions under sales and service.

Kalpit Shishodia will oversee all revenue generating functions under sales and service.

ZEE, SEBI case: Subhash Chandra moves SAT against SEBI order

The proceedings at SAT are set to resume on March 19. (Image source: Moneycontrol)

In August 2023, SEBI passed an interim order against ZEE promoters Subhash Chandra and his son Punit Goenka, barring them from holding any directorships in listed companies, over allegations of funds siphoning.

Swiggy changes registered name from Bundl Technologies to Swiggy Pvt Ltd ahead of IPO

The restaurant industry typically spends anywhere between 3 percent to 6 percent of its revenue on advertising, including online platforms like Meta (Instagram, Facebook, WhatsApp), Google, and traditional media such as TV, print, and radio. (Image sourced from CNBC)

The name change will be subject to the approval of the Registrar of Companies.

Former Twitter engineers building AI-powered newsreader called Particle

The company says, Particle Media, Inc.(PMI in short) is intended to redefine the way users consume web contents. It is a technology-driven interest-oriented content portal, “Interest Portal” in short, which facilitates users to efficiently define and explore their interests, evolves users’ interest by continuously learning from their interactions with the contents as well as the social circles, and algorithmically delivers the most personally relevant contents with respect to users’ interests. (Representative Image: Roman Martyniuk via Unsplash)

Particle leverages AI to summarize the news, but also aims to do so in a way that fairly compensates authors and publishers.

Paytm’s Vijay Shekhar Sharma steps down as Paytm Bank’s non-executive chairman and board member

This is part of reconstituting the Board of the payments bank, the company said. OCL owns the Paytm brand, stated Moneycontrol.

Vijay Shekhar Sharma’s resignation comes ahead of the March 15 deadline by Reserve Bank of India (RBI), for restrictions on deposits and credit transactions by Paytm Payments Bank.

PhonePe SmartSpeakers ropes in Mammooty, Kichcha Sudeep and Mahesh Babu for its celebrity voice feature

Using famous celebrity voices from different regions will make the payment experience for customers as well as merchants even more interactive. (Images sources via Forbes India and Instagram)

PhonePe had previously also launched the celebrity voice feature on its SmartSpeakers in collaboration with the iconic Indian actor, Shri. Amitabh Bachchan in Hindi and English languages.

Truecaller launches AI-enabled call recording in India with transcription and call summary

Truecaller has also urged TRAI for clear definitions for fraud calls and messages. (Image source: Moneycontrol)

The integration of AI into the newly launched call recording feature allows for a detailed transcription of the entire phone call, along with an AI-generated call summary.

How Ballabh Prasad Agarwal’s Priyagold became a nostalgic icon

In 2023, Surya Foods achieved sales of 3000 CR. Despite Agarwal's passing at 72, Priyagold remains a prominent brand in the biscuit industry. (Representative image by Rene Porter via Unsplash)

With popular brands like Butter Bite, CNC, Snacks Zig Zag, and Marie Lite under its umbrella, Priyagold has become one of India’s favourite tea-time biscuits.

Google temporarily stops Gemini’s image tools after backlash over inaccurate pictures

Social media users reprimanded Gemini as ‘absurdly woke’ and ‘unusable’ after requests to generate representative images for subjects prompted the creation of bizarrely revisionist pictures. (Representational image: Rajeshwar Bachu via Unsplash)

On Thursday, Google announced a temporary suspension of its Gemini chatbot’s image generation tool in response to widespread criticism on social media over historically inaccurate images and bias against white people.