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Manipal consolidates training biz under UNext after buying out PremjiInvest

VCCircle

VCCircle · 1y ago

Manipal consolidates training biz under UNext after buying out PremjiInvest

Manipal Group, led by Chairman Ranjan Pai, is consolidating its training business under UNext. This move comes after the group acquired PremjiInvest. The group has recently made headlines for selling a majority stake in its hospital arm and investing in Aakash Education, a company backed by Blackstone. The consolidation of the training business aims to strengthen Manipal's position in the education and training sector.

Related News

Microsoft is bringing its Windows engineering teams back together again

The Verge

The Verge · 8d ago

Microsoft is bringing its Windows engineering teams back together again

Microsoft is reorganizing its Windows engineering teams into a single organization to enhance focus on key priorities like AI. This change consolidates teams working on Windows client and server, allowing for streamlined operations and unified leadership under Windows chief Pavan Davuluri. Previously, Windows teams were split between different divisions after Terry Myerson's departure in 2018. The reorg aims to maintain some low-level functions within Azure while aligning most Windows operations under one division.

No more licensed biz, Paytm to focus on distribution model

Economic Times

Economic Times · 1y ago

No more licensed biz, Paytm to focus on distribution model

Paytm is focusing on a distribution-led business model and avoiding any licensed businesses that come under regulatory scrutiny as it aims to rebuild after the crackdown on its banking entity. The company aims to rely on a distribution model and steer clear of licensed businesses, according to sources.

X’s new policy prevents companies from using posts to ‘fine-tune or train’ AI models

The Verge

The Verge · 4m ago

X’s new policy prevents companies from using posts to ‘fine-tune or train’ AI models

X has revised its developer agreement to prohibit using platform content for AI training. This new policy could facilitate AI training deals with third-party companies, similar to Reddit's arrangement with Google. Despite this restriction, X's privacy policy allows third-party "collaborators" to train AI on its data unless users opt out. Notably, X itself uses user data to train its AI model, Grok. These changes come after xAI's acquisition of X.

Bharat Forge’s Kalyanis may enter truce talks with Hiremaths over biz assets

Livemint

Livemint · 1y ago

Bharat Forge’s Kalyanis may enter truce talks with Hiremaths over biz assets

Business families of Bharat Forge's managing director Baba Kalyani and his sister Sugandha Hiremath may resolve their dispute over multi-billion dollar assets through court-monitored mediation. A Pune civil court ordered the families to settle their differences through mediation after Sugandha's children filed a rejoinder alleging that most of the current businesses under the Kalyani Group were built with assets created by their grandfather over five decades ago. The siblings requested mediation with their uncle, and after initial opposition, the court accepted the request. The mediation process will be monitored by a special court-appointed committee.

Oyo re-enters food biz with Townhouse Cafe QSR chain

Entrackr

Entrackr · 5m ago

Oyo re-enters food biz with Townhouse Cafe QSR chain

Oyo re-enters food biz with Townhouse Cafe QSR chain Hospitality major Oyo has forayed into the quick-service restaurant (QSR) space with the launch of its in-house brand, Townhouse Cafe. These cafes will be rolled out across company-serviced hotels (Townhouse by Oyo). Oyo has piloted the model since January 2025, covering 100 hotels across India. Over the coming months, it plans to scale this up in phases, targeting an ambitious 1,500 hotels, as per the company’s press release. Guests can place food orders through Oyo’s app as well as partner OTAs. In addition to in-house kitchens, the company is rolling out QSR carts and lobby stores under the Townhouse Cafe brand to offer ready-to-eat meals. According to the release, OYO is building a network of food and beverage experts across Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Indore, Kolkata, Jaipur, and Lucknow to support its food service operations. While Oyo is yet to file its full FY25 financials, the IPO-bound company reported revenue of Rs 5,389 crore in FY24, slightly down from Rs 5,464 crore in FY23. However, a 16% reduction in expenses helped it post a net profit after tax (PAT) of Rs 230 crore for the year. The QSR venture seems to be part of Oyo’s broader push to boost revenue through allied services. This isn’t the company’s first foray into food — it launched a cloud kitchen business in 2019 but exited during the pandemic. While food operations are a natural extension of the hotel business, they require a distinct skill set and dedicated teams. Oyo likely gained valuable insights from its initial attempt and now appears better prepared to scale its food business in a more sustainable and strategic manner.

Should artists be paid for training data? OpenAI VP wouldn't say

TechCrunch · 1y ago

Should artists be paid for training data? OpenAI VP wouldn't say

OpenAI's VP of consumer product, Peter Deng, avoided answering whether artists whose work is used to train generative AI systems like ChatGPT should be compensated. OpenAI argues that using publicly available internet materials for training without compensation falls under fair use. However, artists disagree, and a lawsuit has been filed against OpenAI and other AI vendors. Deng believes that artists should have more involvement in the creation and use of AI tools but is unsure of the specific approach. OpenAI does have licensing agreements and an opt-out tool for artists to remove their work from AI training datasets.

Amazon India Chief Manish Tiwary Steps Down

Inc42 · 1y ago

Amazon India Chief Manish Tiwary Steps Down

Amazon India's country head, Manish Tiwary, has resigned after serving the company for eight years. It is unclear where Tiwary will go next, but he will stay at Amazon until October 2024 to ensure a smooth transition. Amazon has not yet announced a replacement, but the existing team will continue to work under Senior Vice President Amit Agarwal. During his tenure, Tiwary played a significant role in transforming online buying and selling in India.

‘Meta will launch community notes-based fact checker in the US first’, says company's senior executive

Economic Times

Economic Times · 6m ago

‘Meta will launch community notes-based fact checker in the US first’, says company's senior executive

Meta plans to roll out community notes in the U.S. as an alternative to third-party fact-checking, with global expansion, including India, considered after testing. Joel Kaplan, Meta’s global affairs officer, mentioned the company's interest in resolving issues related to personalized advertising for teens in India's Digital Personal Data Protection Act. Kaplan emphasized the potential for AI and open-source innovation in India, noting the importance of a conducive regulatory environment and widely available datasets for AI training.

Trade Spotlight: How should you trade SBI Life, Max Financial Services, BEML, Asahi India Glass, City Union Bank, and others on Muhurat trading day?

Money Control

Money Control · 11m ago

Trade Spotlight: How should you trade SBI Life, Max Financial Services, BEML, Asahi India Glass, City Union Bank, and others on Muhurat trading day?

Here are some top buy ideas for Muhurat Trading Day: 1. Asahi India Glass: Recently broke out of a descending parallel channel with strong volume, indicating a continuation of its bullish trend. Target: Rs 825. Stop-Loss: Rs 715. 2. Vedant Fashions: Currently in a long-term uptrend after breaking out of a consolidation range. Target: Rs 1,540. Stop-Loss: Rs 1,335. 3. BEML: Consolidating within a wide range, showing potential for a breakout. Target: Rs 4,490. Stop-Loss: Rs 3,880. 4. City Union Bank: Retesting its breakout with high buying volumes, confirming a potential upward move. Target: Rs 187. Stop-Loss: Rs 170. 5. Laurus Labs: Broke out of a double bottom pattern with significant buying. Target: Rs 518. Stop-Loss: Rs 478. 6. Max Financial Services: In a strong uptrend, respecting its 50-day EMA. MACD indicator suggests further bullish movement. Target: Rs 1,350. Stop-Loss: Rs 1,250. 7. IRB Infrastructure Developers: Expected to break out from its rangebound formation for an upward move. Target: Rs 56. Stop-Loss: Rs 49. 8. SBI Life Insurance Company: Witnessed profit booking, but found support near important retracement zone. Revival of uptrend expected. Target: Rs 1,730. Stop-Loss: Rs 1,560. 9. Punjab National Bank: In oversold territory near its demand area, suggesting a rebound and upward move. Target: Rs 106. Stop-Loss: Rs 93. Disclaimer: These are the views of investment experts and it is recommended to consult certified experts before making any investment decisions.

Dropbox spooks users with new AI features that send data to OpenAI when used

Arstechnica

Arstechnica · 1y ago

Dropbox spooks users with new AI features that send data to OpenAI when used

Dropbox faced criticism after it was discovered that a new setting, enabling data sharing with OpenAI for an AI-powered search feature, was enabled by default. However, Dropbox clarified that data is only shared if the feature is actively used and reassured users that data shared with third-party AI partners is not used for training AI models and is deleted after 30 days. CEO Drew Houston apologized for customer confusion, but critics argued that clearer communication about the change was needed. The third-party AI opt-out setting is part of Dropbox's AI alpha and allows files to be accessed by an AI language model for features like Dash.

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