EMPOWERING INNOVATION

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September 20, 2024

No Work, No Pay”: Samsung Warns Striking Indian Workers Amid Escalating Dispute

Updated New Delhi, September 20, 2024 Samsung Electronics has issued a stern warning to its striking workers in southern India, stating that they will not receive wages if the protests continue, and could face termination as tensions escalate over labor demands. Since September 9, hundreds of workers at Samsung’s home appliances factory near Chennai have disrupted operations, protesting for higher wages and the recognition of a union at the plant, which contributes significantly to Samsung’s annual revenue in India, estimated at $12 billion. In an email sent to striking employees,…

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Hospitality Startup Elivaas Nets $2.5 Million from Peak XV’s Surge and Angel Investors

Updated 20-09-2024, 18:13 PM Luxury apartment management startup Elivaas has successfully secured $2.5 million in seed funding led by Peak XV’s Surge accelerator and incubation programme. This funding round also saw participation from notable angel investors, including Naveen Kukreja of Paisabazaar, Kunal Shah of CRED, Mohit Gupta of Zomato, Amit Lakhotia of Park+, and others. Elivaas, founded in 2023 by Ritwik Khare and Karan Miglani, is a tech-driven platform designed to help owners monetize, monitor, and maintain their vacation homes across India. The startup aims to deploy the new funds…

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Nasscom Announces Cohort of 37 GenAI Startups for Its Foundry Programme

New Delhi, UPDATED: Sep 19, 2024, 17:55 PM IST Nasscom, the technology industry association, has revealed the selection of 37 Generative AI startups for the second cohort of its Generative AI Foundry programme. This initiative is aimed at fostering innovation in the rapidly evolving field of generative artificial intelligence. The newly selected startups, averaging two years in operation, have collectively raised approximately $750,000 from institutional investors. They specialize in generating a range of outputs, including text, audio, code, video/image, and multimodal solutions, with significant applications in sectors such as retail,…

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Do Not Pause YouTube Videos If You Don’t Want to See Ads, Google Reveals

New Delhi, UPDATED: Sep 19, 2024, 17:47 IST YouTube has officially announced the global rollout of a new advertising feature called ‘Pause Ads,’ which will display ads to users when they pause a video. This significant development was confirmed by YouTube’s communications manager, Oluwa Falodun. The feature was initially piloted in 2023 with a select group of advertisers, and it received positive feedback, prompting YouTube to extend its availability to all advertisers worldwide. According to The Verge, advertisers have shown considerable interest in this innovative ad format, particularly as it…

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