Distributors urge CCI to probe Blinkit, Swiggy, Zepto

AICPDF pointed out the swift growth of these platforms, stating that it creates major challenges for traditional retail.

The AICPDF wrote a letter to the Competition Commission of India (CCI), the antitrust regulator, on October 18 urging the CCI to examine if these qcomm platforms adhere to India’s FDI regulations or not.

HDFC Bank’s profit rises by 5 percent to Rs 16,820 cr; employee count increases by 4.5 percent to 2,06,758

As of September 30, 2024, the Bank’s distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 30, 2023. 51% of its branches are in semi-urban and rural areas. In addition, HDCFC has 15,217 business correspondents, which are primarily manned by Common Service Centres (CSC). (Image source: CNBCTV18)

The number of employees were at 2,06,758 as of September 30, 2024 (as against 1,97,899 as of September 30, 2023).

We use AI as bread and butter in our strategies: Criteo CEO

"I think our business will go from strength to strength. The use of data and the ability to use that to predict outcomes, and to do so quickly make our business even stronger. For the industry, it's clear that AI can bring about a lot of efficiencies, but it can also really change the landscape in which we're in. If you think about AI's ability to process data or read the Internet in less than a second, what enables us to do is quite profound," Megan Clarken, CEO, Criteo.

The use of data and the ability to use that to predict outcomes, and to do so quickly make our business even stronger, says Megan Clarken. Over the last 18 months, we have started to see revenue flow from AI initiatives, she says. As far as the Indian market is concerned, its growth is outpacing many others, she says.

LTIMindtree records 10.3% increase in profit; lands $200m+ deal

Chetana Patnaik, CHRO, LTIMindtree, says, "We’re above 30 percent women representation overall as well as across all business lines, which is above average amongst ITeS companies. We are also on track to achieving our 2030 targets for achieving 40 percent women representation overall and 15 percent women representation at the leadership level."

Our digital infrastructure also integrates DEI needs in all processes, such as making our applications digital and accessible, including ‘others’ and ‘do not wish to disclose’ as a gender identity, supporting ‘Preferred’ or ‘Chosen’ names, says Chetana Patnaik, CHRO, LTIMindtree.