Flipkart, Super Money, Upskilling India, KwikChat, Amazon, Etc.

Market Briefs

Main Briefs

Flipkart Takes on PhonePe with 'Super Money' UPI App:

Flipkart has introduced a new UPI-based payment app called "Super Money" to compete with PhonePe, a former subsidiary. This move aims to diversify Flipkart's financial services and strengthen its position in the digital payments market.

Key Points:

• New UPI App: Flipkart launches "Super Money."

• Market Competition: Aims to compete with PhonePe.

• Financial Services Expansion: Diversifying offerings.

• Digital Payments: Strengthening presence in the market.

• Strategic Move: Enhancing user engagement and financial transactions.

Upskilling on the Rise: 85% of Indian Professionals Plan Investments for FY25:

A survey indicates that 85% of Indian professionals plan to invest in upskilling for the fiscal year 2025. This trend highlights a significant focus on career advancement and adaptability in a rapidly evolving job market.

Key Points:

• Upskilling Trend: 85% of professionals plan to invest in upskilling.

• Career Advancement: Focus on enhancing skills for career growth.

• Job Market Evolution: Adapting to changes in the job market.

• Professional Development: Emphasis on continuous learning and development.

• Survey Insight: Reflects a proactive approach to career resilience.

Indian Briefs, You Can’t Miss:

1. Vodafone Idea Invests Rs 3510 Crore in 50 MHz Spectrum, Expands 900 MHz Coverage.

2. Jio Strengthens Network in Bihar and West Bengal with Rs 973.63 Crore Spectrum Investment.

3. SBI Secures Rs 10,000 Crore Through Bonds to Support Infrastructure Projects.

4. Aditya Birla Group to Pour $50 Million into New Manufacturing R&D Center in Texas.

5. Govt Takes Cautious Approach, Avoids Exclusive Dependence on Nvidia for AI Chips.

6. Major Deal: Dr. Reddy's Buys Nicotine Replacement Brands from Haleon for $632 Million.

7. AI and Jobs: Indians Show Optimism and Reduced Concern, Says Report.

8. Indian Professionals' Job Retention Confidence Drops to 62%, Reports Great Learning.

9. KwikChat to Empower 5000+ Ecommerce Brands Worldwide, Targets Quadruple Revenue Growth.

World Briefs

• Volkswagen's Massive $5 Billion Investment Elevates Rivian Stock.

• Tesla Recalls Cybertrucks Amid Rising Quality Concerns.

• Huawei Dominates China Smartphone Sales, Sees 42.4% YoY Growth at 618 Festival.

AI Briefs

• Nandan Nilekani: Infosys Leading with 225 Generative AI Initiatives for Clients.

• AI Chip Innovator Etched Secures $120 Million to Boost Supply.

• Reddit Plans New Web Standard to Prevent Automated Scraping.

• OpenAI Postpones Voice Mode Launch to July.

• BlinkX Pioneers India’s First Gen AI Lab in Stock Broking.

• Amazon Reaches $2 Trillion Valuation Amid AI Hype and Rate Cut Expectations.

• Captions Introduces AI-Powered Edit Feature for Effortless Video Effects.

Company Of The Day

Company Name: Bajaj

• Founder: Jamnalal Bajaj

• Year Of Foundation: 1945

• Headquarter: Pune, Maharashtra, India

• Industry:

  Bajaj manufactures and sells scooters, motorcycles, three-wheeler vehicles, and spare parts in India.

• Why Is It in the News?

  Bajaj Auto has recently opened its inaugural international manufacturing plant in Brazil. Known as India's top exporter of two and three-wheelers, Bajaj Auto has established a new production facility in Manaus, Brazil. This marks the company's initial manufacturing site beyond Indian borders. Currently, Bajaj vehicles are available in 100 countries worldwide.