WazirX, JSW-MG, NPCI, Zepto, Open AI, Gen AI, IT Layoffs, etc.

Author

Vaishali Sharma
July 19, 2024

From Startups to Giants: Covering All of India's Business in Less than 5 Minutes

Market Briefs

Main Briefs

Indian Companies Aim to Upskill Workforce in GenAI Across Various Roles

  • 50% of Indian organizations plan to upskill employees in GenAI by FY25.

  • Survey involved over 100 organizations with 10,000 to 15,000 employees.

  • GenAI training to include HR, operations, marketing, and customer service roles.

  • Sectors involved: IT/ITeS, consulting, manufacturing, energy, finance, healthcare, education, and retail.

  • Training levels: foundational literacy for non-tech teams, strategic skills for senior leaders, advanced technical training for core practitioners.

  • BFSI focusing on frontline teams and C-Suite leaders, IT companies on product engineering teams.

  • Great Learning launching Generative AI Academy for senior leaders.

Indian Briefs, You Can’t Miss:

  1. India Sets Sights on $500 Billion Electronics Market by 2030.

  2. WazirX in Turmoil as $230 Million in Tokens Vanish.

  3. NPCI Forecasts Explosive Growth for Indian Fintech Industry.

  4. India's Bold FDI Goal: $110 Billion Annually to Drive Growth.

  5. ONDC Grabs 3% Market Share from Swiggy and Zomato.

  6. JSW-MG Motor Pledges ₹3000 Cr for India, Launches Cloud EV.

  7. Zepto's Third Anniversary: A Landmark 750,000 Orders.

  8. IT Layoffs: 4500+ Job Reductions in Q1 Across India's Big Three Firms.

World Briefs

  • Goldman Sachs Lowers China’s 2024 Growth Projection to 4.9%.

AI Briefs

  • OpenAI Introduces Affordable Small AI Model, GPT-4o Mini-2.

  • OpenAI and Broadcom in Talks for New AI Chip Development.

  • AI on the Battlefield: Ukraine’s Push for Intelligent War Drones.

  • New AI Horizons: $100M Fund by Menlo Ventures and Anthropic.

Company Of The Day

Company Name:  WazirX

  • Founder: Nischal Shetty, Sameer Mhatre, Siddharth Menon

  • Year Of Foundation: 2017

  • Headquarter: Vashi, Maharashtra, India

  • Industry:

    WazirX is India's leading cryptocurrency exchange. It has built the world's first auto-order matching fiat P2P exchange. And done millions in volume in P2P exchange alone.

  • Why Is It in the News?

    WazirX has encountered a security breach, resulting in the transfer of $235 million in funds.