The Indian D2C market is set to triple to $61.3 billion by FY27, with a 38% compounded annual growth rate driven by macroeconomic factors like rise in per capita earnings. The market is expected to create 10 million jobs in the retail sector by FY27.
The US software company said it has 900 employees in Bangalore, India, developing products for the globe from here. Rubrik has hired engineers, product managers, and UX designers in India along with setting up a significant chunk of its customer service team out of India.
In its developers conference, tech giant Apple announced a slew of AI features across its apps and operating platforms and a partnership with OpenAI to bring the ChatGPT technology to its devices. Apple said it had built AI with privacy "at the core" and it would use a combination of on-device processing and cloud computing to power those features.
Apple kicked off its annual developer conference on Monday, where the technology giant showcased how it is integrating artificial intelligence across its software suite, including a revamped Siri voice assistant and a tie-up with ChatGPT owner OpenAI.
Fino Payments Bank sees an opportunity in the digital banking space after Paytm Payments Bank s exit. To capitalise on this, they re ramping up their digital offerings, aiming to grow their digital revenue share from 5-6% in FY24 to 15% this fiscal year. Since December, Fino has deployed around 14,000 QR codes which reported 300,000 transactions valued at Rs 33 crore.