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Beverage startup Teaboy rewards top executives with Hyundai cars for their loyalty
Money Control
·
2y ago
Medial
Beverage startup Teaboy has rewarded its top executives with Hyundai cars as a gesture of appreciation for their loyalty, as reported by Moneycontrol. The move aims to recognize and retain key talent within the organization. However, further details about the number of executives rewarded or the specific criteria for the loyalty-based reward were not provided in the summary. Teaboy CEO and founder Joseph Rajesh said the three employees joined him in 2019 for developing the startup in 2019, which now has 410 outlets.
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Related News
India to shift to 'smartphone era' for cars embracing 5G, advanced AI in 2025: Report
Business Insider
·
9m ago
Medial
India is expected to transition into a "smartphone era" for cars by 2025, with the introduction of 5G M2M connectivity and advanced AI technologies, according to Techarc's India Connected Consumer Report 2025. The automotive sector will skip 4G and adopt 5G technology, providing connectivity and advanced features. Consumers are more interested in improving the value proposition of their cars rather than investing in multiple smart devices. Starting in 2025, passenger cars in India will have 5G M2M connectivity, on-device GenAI, and cloud connectivity. In-vehicle computing and AI applications will become essential for real-time data processing, offering enhanced experiences, performance, safety, and entertainment for drivers and passengers. MG Motors, Kia Motors, Tata Motors, Hyundai, and Maruti Suzuki are the top brands in providing connected cars in India.
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UAE’s fintech Qashio partners with Emirates Skywards
Startup News FYI
·
1y ago
Medial
UAE fintech company Qashio has partnered with Emirates Skywards and flydubai to allow customers to convert Qashio Points into Skywards Miles. Qashio's loyalty program rewards business purchases made with their expense cards, and now customers can easily convert their points into Skywards Miles for individual employees with Emirates Skywards accounts. This partnership aims to offer customers exclusive travel benefits with Emirates, including flight rewards and upgrades. Qashio is a comprehensive business expense and expense management solution based in Dubai.
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Nazara, Lysto Join Hands To Expand Web3 Play
Inc42
·
8m ago
Medial
Nazara Technologies, an Indian mobile gaming company, has joined forces with blockchain startup Lysto to launch "The Growth Protocol." This protocol aims to enhance transparency, fairness, and user rewards in Web3 marketing. Utilizing a Layer-1 blockchain, the protocol incorporates a proof-of-concept loyalty decentralized application (dApp) for game marketing.
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Marriott and Flipkart launch dual loyalty integration programme
Economic Times
·
9d ago
Medial
Marriott Bonvoy and Flipkart SuperCoins have introduced India’s first dual loyalty program. This collaboration merges Marriott's global rewards with Flipkart's multi-brand rewards, allowing members to earn and exchange points for benefits like hotel stays and shopping deals. It aims to enhance travel experiences and lifestyle rewards for users, leveraging Marriott's extensive hotel network and Flipkart's customer base. The partnership seeks to capitalize on India's growing travel market.
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Xoxoday’s revenue crosses Rs 800 Cr in FY23; losses spike 7X
Entrackr
·
1y ago
Medial
Fintech startup XoXoday reported slower growth in FY23 compared to the previous year, with revenue from operations growing 20% to Rs 816 crore. However, the company's losses increased approximately seven-fold due to higher employee benefit and advertising costs. Revenue from the sale of vouchers accounted for 97% of total collections, while expenses were mainly attributed to the purchase of coupons and rewards. XoXoday aims to establish a strong position in the market despite intense competition in the rewards, incentives, and loyalty management space.
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SafeMoon executives charged in US with fraud related to crypto token
Economic Times
·
1y ago
Medial
The founder and two top executives of cryptocurrency token SafeMoon have been charged by the U.S. Department of Justice with running a fraud scheme that diverted millions of investor dollars to fund their personal luxuries. The charges include securities fraud, wire fraud, and money laundering. The indictment alleges that SafeMoon lied to investors about the security of their investments while withdrawing funds for expensive purchases such as sports cars and luxury homes. SafeMoon's value dropped significantly following the announcement of the charges.
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AI a 'game changer' but company executives not ready: survey
Economic Times
·
1y ago
Medial
A recent study conducted by Adecco and Oxford Economics reveals that a majority of corporate executives believe artificial intelligence (AI) will revolutionize their industry. However, many executives admit to lacking the knowledge and skills to understand AI's risks and rewards. The survey highlights that 57% of executives lack confidence in their leadership team's AI skills. The rise of AI is expected to impact various jobs, with 41% of executives planning to employ fewer people in the next five years due to AI. It is crucial for leaders to be AI-ready and equip their workforce accordingly.
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Hyundai wants Ioniq 5 owners to pay to fix a keyless entry security hole
The Verge
·
17d ago
Medial
Hyundai is offering an optional £49 security upgrade for UK Ioniq 5 owners to protect against theft using a Game Boy-like device. This device exploits vulnerabilities in keyless entry systems, allowing thieves to unlock and start cars without keys. The upgrade includes improved hardware and software. Despite having warranties, Hyundai charges for this fix, raising questions about the responsibility for securing vehicles against such threats. Similar issues have affected other Hyundai Motor Group vehicles.
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After India's bumper year of deals, investment bankers are reaping a bonanza
Livemint
·
2m ago
Medial
Indian investment banks experienced a prosperous year of deal-making, resulting in record bonuses. Top firms like Kotak Mahindra Capital, Axis Capital, Avendus Capital, and JM Financial distributed ₹8-9 crore in bonuses to their executives. The surge in mergers, acquisitions, and companies going public, such as Hyundai Motors India, Swiggy, and Ola Electric, contributed to the boom. Significant consolidation across various sectors and private equity investors exiting or selling stakes further fueled this financial windfall.
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MENA Digest: Saudi startups lead funding activities this week
VCCircle
·
1y ago
Medial
Saudi startups were the highlight of funding activities in the Middle East and North Africa this week. Fintech startup Yuze secured significant funding in a seed round, while Resal, a rewards solution platform, raised a Series A round. Additionally, foodtech startup Yalla Plus and loyalty platform aggregator Mithu also secured funding. These developments indicate the growing potential of the startup ecosystem in Saudi Arabia.
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