Business

Zepto elevates Zepto Cafe's business head Shashank Shekhar Sharma as CXO

Shortly after announcing plans to offer its caf service as a separate app, Zepto has elevated Shashank Shekhar Sharma as the CXO of Zepto Cafe, effective December 2024. Sharma, who has been building Zepto Cafe since its inception, will oversee Caf operations, footprint expansion, equipment procurement, quality control, and the end-to-end customer experience of Zepto Caf, a company statement said. Previously serving as Business Head at Zepto Cafe, Sharma will continue to report to Zepto President Vinay Dhanani. "After 2 years of deep work, iteration, and disciplined scaling, Zepto Caf is now at 30K+ orders/day and what we believe to be clear customer product-market-fit and solid unit economics. "This excellent execution was only possible because of the leadership of Shashank Shekhar Sharma, who worked tirelessly with his team to turn Zepto Caf from a fringe idea to what could be the next revolution in food QSR in India," Zepto co-founder and CEO Aadit Palicha said in a LinkedIn post

Bihar fully prepared to create robust biz ecosystem: Deputy CM Choudhary

Bihar Deputy Chief Minister Samrat Choudhary has asserted that the state is fully prepared to create a robust business ecosystem with improved infrastructure facilities along with better law and order situation, while assuring domestic and global firms that their investment is "safe". In a podcast interview with PTI, Choudhary, who is also the finance minister, highlighted the steps that are being taken by the state government to change the image of Bihar and attract investments into the state for creating employment opportunities and achieving higher economic growth. The state government is organizing 'Bihar Business Connect' Summit on December 19-20 here to attract investments. "With the guidance of Chief Minister Nitish Kumar and Prime Minister Narendra Modi, Bihar is fully prepared to create a robust business ecosystem. Bihar is ready to stand with you, offering all the support needed for your success," Choudhary said. He invited domestic and global corporates to visit Bihar an

Rising Rajasthan Summit 2024 features session on Agri-business innovations

On the second day of the 'Rising Rajasthan' Global Investment Summit 2024, a thematic session titled 'Agri-Business InnovationsThe session was attended by key dignitaries, including Shivraj Singh Chauhan, Minister of Agriculture and Farmers Welfare, Government of India, Bhajanlal Sharma, Chief Minister of Rajasthan, Kirodi Lal Meena, Minister for Agriculture, Government of Rajasthan, Joraram Kumawat, Minister, Animal Husbandry, Gopalan, Dairy & Devasthan, Government of Rajasthan, Gautam Kumar Dak, Minister of State of Cooperative & Civil Aviation, Government of Rajasthan.In his address, Chief Minister of Rajasthan, Bhajan Lal Sharma, said, "Under the guidance of Prime Minister Narendra Modi, the Rajasthan government has focused on addressing key challenges in water, irrigation, and power, which are vital not only for agriculture but also for industries and tourism.""In the near future, we will implement a comprehensive water management system to ensure reliable irrigation .

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The capitalist-enterprise model is broken. It focuses on shareholders, but those who aspire, dream, sweat and yearn are usually not the shareholders, but its employees and vendors

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Taiwan businessman Robert Tsao to sue Chinese officials over sanctions

China, which claims Taiwan as its own territory, last month said it would punishand sanction Tsao, the retired founder of chipmaker UMC

Job, wealth creators must not feel 'heat of system': VP Jagdeep Dhankhar

Those in commerce and business must not feel "heat of the system" as they are the job and wealth creators and contribute to social harmony, Vice President Jagdeep Dhankhar said on Sunday. He also said that the principle of "economic nationalism" was more important than fiscal gains of a few individuals. Addressing an event of a private educational institution here, Dhankhar said he has always advocated that "those in trade, commerce, industry must not feel heat of the system. They must have respect in society". The vice president was of the view that this segment was the job and wealth creator and contributes to social harmony. "They are economy drivers ...They have learned the art in this country to give back to the society. By and large they do it," he said while noting that the freedom movement of India is dotted by their contribution. The vice president also underlined the need to follow the principles of economic nationalism, whereby unnecessary imports can be curbed to save

India emerging as good opportunity market for Sony's gaming biz: India MD

India is emerging as a "good opportunity market" in the gaming business for the consumer electronic major Sony, its India Managing Director Sunil Nayyar said. The company has reported "phenomenal growth" in the gaming business in FY24, with the robust performance of PlayStation 5 and its software peripherals. Sony India's PlayStation dominates the console operating gaming system market here with around 95 per cent market share and has almost doubled its revenue in FY 2023-24 from the segment. However, now, it expects a moderation in the growth rates because of the high base, Nayyar said. "Now, the base is very high because we almost achieved the double business last year. So this year, we intend to have modest growth, but we are developing the gaming business market in the country, including software development and peripherals etc," the Sony India MD told PTI. Sony India last week filed its annual returns to report over 50.1 per cent growth from its 'other business' segment at Rs

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Persana AI raises $2.3 million to tap sales intelligence market growth

The startup aims to empower GTM (go to market) teams with tools that streamline workflows and drive growth in today's data-driven landscape.

TCS pact done in 90 min: Andhra Minister Lokesh on speed of doing business

It is no longer ease of doing business'. The new mantra of attracting investments is "speed of doing business" which helped the Andhra Pradesh government close the deal with TCS to set up a campus in Visakhapatnam in just 90 minutes, Minister Nara Lokesh said. In an interactive session at the ITServe Alliance Synergy Conference in Las Vegas (USA), Lokesh said Chief Minister N Chandrababu Naidu-led NDA regime in the state is actually looking at business processes reengineering in the government to deliver seamless governance in the hands of people, making officials and politicians irrelevant. "So when I met Chandra Sir (N Chandrasekaran), chairperson of Tata Sons, I was asking him what his advice would be to me. He said just focus on the speed of doing business. "So our singular focus is on the speed of doing business. We will create a very conducive environment in Andhra Pradesh in terms of attracting investments and grounding those investments. And one example of that is how we ...

How Uttar Pradesh became India's new business magnet, overtaking Bengal

Over the past year-and-a-half, Uttar Pradesh has witnessed remarkable growth, adding 28,649 active companies

Co-working provides nearly 23K desks to GCCs during Jan-Sep: Knight Frank

Co-working space operators have given nearly 23,000 desks to Global Capability Centres (GCCs) during the first nine months of this calendar year with MNCs preferring managed flexible office space, according to Knight Frank. Real estate consultant Knight Frank India's report 'GCC Driving India's Real Estate Growth Story' mentioned that the GCCs have emerged as the primary occupiers of flex spaces across the country. "GCC occupied flex seats across eight key markets increased from 17,380 in 2023 to 22,881 in the first nine months of 2024," it added. The consultant said that a year-on-year (YoY) analysis of GCC flex seat occupancy showed a decline in usage from the year 2021 to 2023, as companies transitioned back to traditional office spaces with the easing of the COVID-19 pandemic. "However, 2024 saw a shift with flex seat occupancy by GCCs increasing once again. This resurgence is linked to slower economic growth in the US, prompting companies to leverage India's cost advantages a

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Diwali ads sans bindi: Reflecting SoBo beliefs, not anti-Hindu sentiment

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HK-based Executive Centre to invest Rs 125 cr to grow India business

Hong Kong-based The Executive Centre, which provides flexible office space to corporates, will invest Rs 125 crore to expand its India business by opening 8 new centres. The Executive Centre (TEC) posted a 31 per cent growth in India revenue to Rs 475 crore during the 2023 calendar year driven mainly by expansion amid rising demand for flexible workspace. TEC has more than 220 centres in 36 cities and 16 countries. In India, the company has a portfolio of 13 lakh square feet of workspace comprising around 12,500 desks across 50 centres. Paul Salnikow, Founder and CEO, The Executive Centre said, "India continues to be one of the biggest and fastest-growing markets for The Executive Centre. The demand for flexible workspaces in the country has been on the rise with the changing preferences and requirements of the modern workforce." Various traditional and new-age sectors including IT/ITES, BFSI, and startups in addition to the influx of GCC (Global Capability Centre) have contributed