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Posted On:
12-06-2024

Wipro launches Lab45 AI platform to boost efficiency across biz functions

Wipro on Tuesday announced the launch of its Lab45 artificial intelligence (AI) platform, which leverages generative AI (GenAI), machine learning (ML), and deep learning technologies to help companies increase efficiencies, transform business functions, and enable industry-specific solutions. Lab45 is Wipro’s innovation lab, and the Lab45 AI platform is available to all Wipro employees and clients.“The Lab45 AI platform runs on a software-as-a-service (SaaS) model and supports various state-of-the-art large language models (LLMs) from leading providers as well as custom deep-learning and other models. The platform allows for seamless integration of language and visual processing for generating images from text prompts, as well as the ability to index, parse, and summarise content,” Wipro said in a statement.With over 1,000 GenAI agents and more than 10 GenAI applications, the platform claims to offer no-code and low-code pre-built applications for HR, sales, marketing, and operations functions, while also allowing for the easy creation of industry-specific GenAI agents and applications.
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Posted On:
13-06-2024

Ather plugs into Maharashtra to roll out 1 million e2Ws every year

Electric scooter maker Ather Energy, based in Bengaluru, has chosen Aurangabad (formally renamed Chhatrapati Sambhajinagar)in Maharashtra for its third plant, which will have the capacity to produce 1 million two-wheelers per annum. An agreement with the state government is expected to be signed soon, according to sources. A spokesperson for Ather Energy, however, declined to comment on the matter. The company has firmed up plans to invest Rs 1,000 crore in the plant in phases, which will span 100 acres. The plant will be located in Aurangabad Industrial City (abbreviated as Auric) in the town of Bidkin, part of the
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Posted On:
13-06-2024

Taj becomes world's strongest hotel brand on back of rapid revenue growth

Taj Hotels, the flagship brand of Indian Hotels Company (IHCL), has become the world’s strongest hotel brand on the back of rapid revenue growth. The brand has been recognised as the world’s second fastest-growing brand, after Sheraton’s Four Points, stated a Brand Finance report titled Hotels 50 2024.Taj’s brand value soared to $545 million, stated the report. “We are delighted for the iconic brand Taj to be honoured as the World's Strongest Hotel Brand yet again, in its milestone 120th year. Receiving this recognition for four years, thrice as number one in the world, is a testament to the brand’s century-old legacy of pioneering destinations, setting global benchmarks, and showcasing Indian hospitality to the world,” said Puneet Chhatwal, managing director and chief executive officer, IHCL. “This achievement underscores the trust and affection of our guests and the steadfast dedication and commitment of our colleagues in delivering warm and sincere service, a true hallmark of Taj,” he added. With an improved Brand Strength Index (BSI) score of 92.9 out of 100, Taj earned an AAA+ rating -- the highest brand strength rating awarded by the leading brand valuation consultancy.
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Posted On:
14-06-2024

WhatsApp announces major upgrades to enhance calling experience

In an important update on WhatsApp, the company announced additional features for calling, which includes screen sharing with audio, increasing the limit for video call participants to 32, and speaker spotlight. With screen sharing with audio, users can now watch videos together. As users share their screen, they can share audio too. Last year, WhatsApp had introduced video screen sharing, now it also includes voice.Interestingly, WhatsApp also announced that it is allowing more participants in video calls. Now 32 people can get on a video call across all their devices. The speaker spotlight feature will automatically spotlight the speaker and appear first on the screen.“We remain relentlessly focused on audio and video quality, for clearer calls no matter where you are. We recently launched MLow codec which improves call reliability. Calls made on mobile devices benefit from improved noise and echo cancellation, making it easier to have calls in noisy environments, and video calls have higher resolution for those with faster connections,” said the blog from the messaging platform.
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Posted On:
14-06-2024

NCLT to hear insolvency plea filed by ELF against SpiceJet on August 2

The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet over an insolvency plea filed by Engine Lease Finance BV, an aircraft engine lessor of the debt-ridden air carrier. The single-member NCLT bench has asked SpiceJet to file a response over the Engine Lease Finance (ELF) plea and directed listing the matter for hearing on August 2, 2024.During the proceedings, SpiceJet raised objections over the maintainability of the plea, in which ELF has claimed a payment default of over USD 12 million (around Rs 100 crore). ELF has leased eight engines to SpiceJet. Along with interest and rental, ELF has claimed around USD 16 million dues. SpiceJet had then raised objections against ELF's plea citing technical defects and the tribunal gave the engine lessor an opportunity to rectify the errors.
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