October 2024 – Page 11

Ola Electric launches digital twin platform powered by NVIDIA Omniverse

This marks the second round of layoffs in less than five months.

The Ola Digital Twin Platform aims to revolutionize manufacturing efficiency, achieving a 20% faster time to market for electric vehicle production.

My version of NVIDIA is ‘Vidya’, RIL’s Mukesh Ambani to NVIDIA CEO Jensen Huang

NVIDIA founder and CEO Jensen Huang spoke to Reliance Industries chairman Mukesh Ambani at the Nvidia AI Summit India in Mumbai.

Indian online gaming sector faces threat from money laundering, reveals Digital India Foundation report

Platforms like Netflix, Amazon, and even LinkedIn are embracing gamification.

The Indian Real Money Gaming (RMG) sector has become a key player in the global market with a CAGR of 28% from FY20 to FY23 and its projected revenue is set to reach $7.5 billion within next five years.

Colgate’s ad spending up by 17.8% in Q2 FY25, net profit jumps to Rs 395 crore

The company has significantly expanded the availability of premium products by ramping up distribution coverage from 30,000 stores to 300,000 stores, ensuring deeper market penetration and accessibility.

Colgate reported 10% year-on-year topline growth for the quarter ended September 30, 2024, with domestic revenues growing by 10.5%

Apple expands retail presence in India with plans to hire 400 employees for new stores

Apple's commitment to privacy questioned as company settles Siri lawsuit

iPhone maker gears up for major retail expansion in Bengaluru, Pune, Delhi-NCR, and Mumbai; aims to capitalize on India’s growing smartphone market and robust sales of non-smartphone products.

Ministry of I&B schedules pre-bid conference for FM Radio Phase-III auction on October 28

Radio industry requested TRAI for subsidies, minimum costs for hardware upgradation, a phased transition, and the usage of existing spectrum to also do digital in a simulcast mode.

On October 14, the Ministry of Information and Broadcasting issued a notice inviting applications for e-auctions of third batch of Private FM Radio Phase III channels in 234 cities with 730 channels.

Disney+Hotstar’s head Sajith Sivanandan quits

This decision comes post an internal decision regarding all live sporting events of the merged entity, which includes IPL (Indian Premier League) to be streamed on Disney's Hotstar app, and not on Reliance's JioCinema app, further added the report.

Sajith Sivanandan began his career at Star TV and went on to work across The Gallup Organization, Affle UK, and Google.

BFSI sector sees 10.4% increase in background check discrepancies for FY 23-24

Beyond employment and education checks, discrepancies in criminal record checks (CRC) and identity verification are also steadily rising. This increase in CRC discrepancies can be attributed to the overall crime rate in India, which has climbed from 422.2 crimes per million in 2022 to 445.9 per million in 2024, according to the latest report from the National Crime Records Bureau (NCRB).

This uptick reflects the growing challenge of verifying candidate credentials in a highly competitive market, where individuals may resort to falsifying academic, professional, or personal information to secure positions.

India will be an intelligence market, RIL’s Mukesh Ambani tells NVIDIA’s Jensen Huang after striking AI partnership

“Reliance and Nvidia are partnering to build AI infrastructure in India,” announced Jensen Huang at the NVIDIA AI Summit on October 24 in Mumbai. He also said that PM Modi had asked him to address his cabinet about artificial intelligence six years ago.