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Yourstory
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BharatPe Group company gets RBI nod for payment aggregator licence
- BharatPe Group company Resilient Payments Pvt Ltd has received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
- The approval positions BharatPe as the only fintech firm in India to hold an NBFC license via Trillion Loans, a stake in Unity Small Finance Bank, and a payment aggregator license.
- BharatPe aims to deepen its presence in Tier II and III cities, where digital payment adoption is nascent but growing rapidly.
- The company plans to launch an online payment aggregator platform under the brand 'BharatPe X', targeting deeper penetration in smaller cities and high-growth sectors.
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Inc42
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OfBusiness Reduced Tech Team Size By 25% Due To GenAI Interventions: Nitin Jain
- B2B marketplace unicorn OfBusiness has reduced its tech team headcount by 25% due to GenAI interventions.
- The reduction in the tech team size has not affected OfBusiness's operational efficacy, as they track ROI with the deployment of both GenAI and Machine Learning models.
- OfBusiness focuses on M&As in the manufacturing sector, where GenAI deployment has facilitated ease in research and curation for nearly 100,000 MSME on an active basis.
- PhysicsWallah, an IPO-bound edtech company, has seen an acceleration in its doubt solving engine by deploying GenAI, reducing costs by 1/10th of the previous expenses.
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Inc42
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How GenAI Adoption Helped OfBusiness Cut Down Research Time To Almost Zilch
- OfBusiness has been able to dramatically cut the time taken for research using GenAI.
- The research time has reduced from 4-5 days to 30-45 minutes on a particular sector.
- OfBusiness launched Nexizo.AI, an AI-based platform to help companies fuel business growth.
- PhysicsWallah has deployed GenAI to accelerate doubt-solving processes and reduce costs.
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ISN
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385
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French brand Alcatel joins hands with Flipkart to sell ‘Made-in-India’ smartphones
- French technology brand Alcatel is returning to India's crowded smartphone market after more than a seven-year break.
- Alcatel plans to assemble its new handsets in India and has partnered with Flipkart for exclusive sales.
- Flipkart's digital-first strategy will give Alcatel online reach across metro and smaller tier-II and tier-III towns.
- Alcatel aims to target the mid-premium niche and plans to expand its product range beyond smartphones.
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Yourstory
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80
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Scrolling in the Dark: Impact of Screen Time on Teen Health
- The increasing screen time among teenagers is a pressing concern, closely linked to disruptions in sleep patterns and mental health issues.
- Excessive use of digital devices, especially before bedtime, disrupts natural sleep cycles and increases the risk of insomnia.
- Girls are more susceptible to sleep disruptions caused by screen time, which can explain heightened depressive symptoms.
- There is a correlation between high rates of screen time and increased depression, particularly among teenage girls.
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Yourstory
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322
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Amazon introduces Nova Sonic, a new foundation model for voice AI
- Amazon has introduced Nova Sonic, a new foundation model for voice AI.
- Nova Sonic is designed to support natural-sounding conversations in AI applications.
- The model integrates speech recognition, text-based processing, and speech synthesis into a single foundational model, eliminating the need for separate systems.
- Nova Sonic is cost-efficient, approximately 80% cheaper than OpenAI's GPT-4o, and can be used to develop voice-based applications across various industries.
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Startup Pedia
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100
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Billionaire Mukesh Ambani-led Jio Financial Services Launches 10-Minute Loans Against Securities, Up To Rs 1 Cr
- Jio Financial Services, Mukesh Ambani-led Reliance Industries' financial arm, to launch digital loans against mutual funds and shares.
- Customers can avail loans up to Rs 1 crore with interest rates starting at 9.99% for a maximum tenure of up to 3 years and no foreclosure charges.
- The loans will be processed through a fully digital interface on the Jio Financial app, eliminating the need for lengthy paperwork or physical verification.
- Jio Financial Services aims to tap into India’s growing retail investor base and establish its presence in the country’s competitive fintech landscape.
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Inc42
1w
90
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PhysicsWallah Weighing Acquisitions In UPSC Test Prep Segment: Report
- PhysicsWallah, an edtech unicorn, is reportedly looking for acquisitions in the UPSC test preparation segment to strengthen its presence.
- The company is evaluating seven to eight entities, including Chaitanya Academy, Drishti IAS, and Rau’s IAS Study Circle, for potential buyout deals.
- PhysicsWallah recently raised a funding round of $210 Mn, which will be used for geographical expansion and key acquisitions.
- The IPO-bound startup is in talks to acquire Drishti IAS for INR 2,500 Cr.
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SiliconCanals
1w
411
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Reykjavik’s Optise secures €1.9M: Co-founder Ómar Thor Ómarsson on why most B2B sites fail, future-proofing websites, and more
- Reykjavik-based Optise, an AI-powered Website Insights platform for B2B companies, secures €1.9M in pre-seed funding led by Frumtak Ventures.
- Frumtak Ventures, focusing on local innovation, sees Optise as a global vision driven by local talent.
- Optise plans to enhance AI capabilities, refine insight engine, and expand teams for platform innovation.
- The company prioritizes delivering real value over hypergrowth, focusing on Europe and North America.
- Optise addresses common website performance issues with advanced AI analysis and actionable recommendations.
- Ómarsson emphasizes continuous optimization rather than one-time projects and stresses the importance of actionable insights over dashboard displays.
- Optise's AI-powered platform offers personalized insights, clear recommendations, and advanced technology for B2B websites.
- Optise aims to provide user-friendly AI that helps improve job efficiency and close the gap between potential and performance.
- The platform is designed to optimize websites for speed, usability, trustworthiness, and conversion.
- Optise empowers B2B teams to manage websites effectively, offering confidence, control, and improved results.
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Yourstory
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152
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RBI lowers FY26 inflation projection to 4%
- The Reserve Bank of India has lowered the inflation projection for the current fiscal to 4%.
- The decline in food inflation and falling crude oil prices have contributed to the reduction in inflation projection.
- Good agricultural output, including a record wheat production and higher pulse output, is expected to soften food inflation.
- Assuming a normal monsoon, RBI projects CPI inflation for FY2025-26 at 4%, with Q1 at 3.6%, Q2 at 3.9%, Q3 at 3.8%, and Q4 at 4.4%.
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Yourstory
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275
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5 Google Apps Supercharged by Gemini AI You Need to Use Now
- Gemini AI has supercharged five Google apps, enhancing functionality and user experience.
- Gmail: Automates tasks such as drafting emails and summarizing threads.
- Google Docs: Facilitates dynamic document creation from drafting to finalizing.
- Google Sheets: Suggests formulas and generates data visualizations for advanced data analysis.
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Yourstory
1w
481
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Ola Electric ropes in EY to bolster regional compliance amid retail expansion
- Ola Electric Mobility has partnered with Ernst & Young to enhance regional compliance across its expanded retail network.
- The company is transitioning to a direct-to-store retail model and phasing out its warehouse-based distribution system.
- The shift aims to improve inventory turnover, reduce delivery time, and enhance the overall customer experience.
- EY will support Ola Electric in ensuring compliance readiness and standardizing processes in regional markets.
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Inc42
1w
370
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Apple Exported iPhones Worth INR 1.5 Lakh Cr From India In FY25: Vaishnaw
- Apple exported iPhones worth over INR 1.5 Lakh Cr ($17.32 Bn) from India in FY25, marking a 76% YoY jump and doubling its committed target under the PLI scheme.
- In the calendar year 2024, Apple's iPhone exports from India reached a record $12.8 Bn (around INR 1.08 Lakh Cr).
- FY25 witnessed the highest ever INR 2 Lakh Cr smartphone exports, translating to a 54% increase from the previous fiscal year.
- India is projected to contribute 17-18% of global iPhone production volume and 14% of its value by the end of the fiscal year.
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Startup Pedia
1w
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“Indian Entrepreneurs Can Build Smart Cities But Are Busy Building Brain-Dead Startups": Vionix Biosciences CEO
- Vivek Wadhwa, CEO of Vionix Biosciences, supports the comments made by Union Minister of Commerce, Piyush Goyal, about the Indian startup ecosystem.
- Wadhwa believes that Indian entrepreneurs are too focused on food delivery and gig work, instead of using technology to solve real problems.
- He suggests using the advanced sensors in smartphones to build smart cities and tackle issues like pollution.
- Wadhwa highlights India's advantage in the global AI race due to its vast and diverse datasets, stating it as a trillion-dollar opportunity.
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Yourstory
1w
347
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The Day KFC Ran Out of Chicken — And Turned Crisis into a Comeback: A Genius Marketing Move
- In early 2018, KFC faced a crisis when over 750 outlets in the UK ran out of chicken due to supply chain issues with a new logistics provider, DHL.
- The crisis led to widespread closures, public outcries on social media, and even calls to emergency services over the chicken shortage.
- KFC responded by embracing the situation with humor and transparency, releasing an ad with a rearranged 'FCK' logo and a heartfelt apology.
- Their honest and funny approach was well-received, with brand perception recovering quickly and customer sentiment shifting from outrage to admiration.
- KFC utilized a microsite for real-time updates on open restaurants and rehired their previous logistics provider in some regions to patch the supply chain issues.
- Despite the crisis, KFC's business bounced back stronger, with increased market share and positive sentiment reflecting effective crisis management.
- Lessons from the KFC crisis include the importance of transparency, humility, and owning up to mistakes to win customer loyalty and trust.
- The 'FCK' ad became a case study in crisis management, showcasing the power of authenticity and humor in diffusing a PR disaster.
- KFC's handling of the chicken shortage highlighted the significance of admitting errors, maintaining brand values, and engaging with customers openly.
- The incident serves as a timeless reminder that customer relationships are built on honesty and authenticity, even in today's tech-driven business landscape.
- Through this crisis, KFC proved that resilience, transparency, and a human touch can turn a seemingly catastrophic situation into a marketing triumph.
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