Morning Tidings

Tag: Growth

  • India Is a Key Growth Engine for Avaya Worldwide, Says CEO Alan Masarek

    India Is a Key Growth Engine for Avaya Worldwide, Says CEO Alan Masarek

    New Delhi, November 13: Global leader in customer experience solutions Avaya CEO Alan Masarek on Monday said that India is a key growth engine for Avaya worldwide, with significant demand coming from domestic clients and its partners. Avaya announced that it is witnessing an accelerated momentum for its solutions in India, particularly among enterprises looking to infuse artificial intelligence into customer experience.

    The company counts Airtel, State Bank of India (SBI), and the Government of India among its key customers in India. Its contact centre solutions are used for the National Emergency Response Services (100, 112) and India’s Aadhaar system. “Our momentum in this market further drives Avaya’s global growth as Indian businesses and government agencies continue to rely on Avaya as their trusted customer experience and communications technology partner,” said Masarek. Former Executives of Bankrupt Crypto Exchange ‘FTX’ Plan To Launch New Dubai-Based Crypto Exchange ‘Trek Labs’, Get License from UAE’s Crypto Regulator.

    He also highlighted the AI-focused innovations being driven by Avaya’s R&D teams based in Bengaluru, Pune, Hyderabad, and Gurugram.  A third of Avaya’s 1,700 engineers are based in India. Masarek further noted that Indian enterprises, like their global counterparts, are increasingly seeing their contact centres as enablers for driving differentiating experiences for their end customers.

    The Avaya Experience Platform, which provides an AI-powered contact centre as a service platform, has strong momentum with customers as they embrace the Avaya approach of enabling companies to innovate at their own pace as their unique needs require, the company said. Avaya recently released Avaya Experience Platform Connect, which empowers organisations to leverage their existing on-premises infrastructure for voice routing, call handling, and more, while accessing omnichannel voice and digital channels, as well as AI capabilities, from the cloud. Google Chrome, Microsoft Edge Users Will Soon Be Able To ‘Save Frames’ From YouTube Videos in Original Resolution in PNG Format.

    Focusing on community development and equipping youth with skills, Masarek announced a new partnership with the Magic Bus India Foundation, one of the top five NGOs in the education space in India. Avaya has committed over Rs 5 million to support the development of a youth skilling centre in Hyderabad. That, combined with Avaya’s expertise in the local customer experience space, will help to train 200 adolescents from underprivileged backgrounds as part of a ‘CX Academy’, helping them to get their start in the industry.

    (The above story first appeared on Morning Tidings on Nov 13, 2023 03:35 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Persistent Systems Joins Hands With Microsoft To Accelerate Growth

    Persistent Systems Joins Hands With Microsoft To Accelerate Growth

    New Delhi, January 2 : Global digital engineering leader Persistent Systems on Monday announced to further strengthen its ITES 360 relationship with Microsoft by leveraging its cutting-edge technologies to increase agility and power the next phase of its growth. The company aims to leverage Microsoft technologies to drive rich employee engagement, nimble decision making and build innovative industry solutions. Microsoft Acquires Optical Networking Startup Lumenisity to Boost Global Cloud Infrastructure.

    “Our longstanding, 360-degree partnership with Microsoft has enabled us to develop competencies and innovative solutions to serve the technology needs of our clients as well as expand our own footprint as industry leaders. As we deepen our relationship with Microsoft, we are even more committed to our mutual successes while ensuring highest degree of employee & client satisfaction,” Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent, said in a statement. India’s Internet Industry To Reach $5 Trillion Valuation by 2030, Second Largest User Base in World.

    Moreover, the company also aims to utilise the Microsoft Viva platform to enhance employee experience, utilizing the advanced analytics baked into the platform. “The collaboration will enable both companies to build newer capabilities for the cloud-native and the AI-first world. We see tremendous opportunity for this association to grow on the back of Microsoft’s industry-leading technology solutions and Persistent’s proven capabilities in digital engineering and enterprise modernization,” Sangita Singh, General Manager, IT & ITES, Microsoft India, said in a statement.

    Persistent has developed Patient Care NXT, built on Microsoft Cloud for the Healthcare industry, and published on Microsoft App Source. This comprehensive patient care platform leverages Dynamics 365, Power Platform, and Azure to meet critical needs for providers, payers, pharmaceutical companies, and CROs, said the company.

    (The above story first appeared on Morning Tidings on Jan 02, 2023 05:07 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Mobavenue Is Driving Consumers Online for E-Commerce Players for Fast Growth in India

    Mobavenue Is Driving Consumers Online for E-Commerce Players for Fast Growth in India

    Mumbai, December 20 : As India’s e-commerce industry is poised for tremendous growth, leading growth and tech platform Mobavenue is empowering brands, agencies and publishers with MadTech (MarTech and AdTech) solutions to drive acquisition, growth, engagement and monetisation, the company said on Tuesday. Amazon Closes Its Wholesale Distribution Business in India Days After Shutting Down Food Delivery Services.

    According to Kunal Kothari, Co-founder and Chief Growth Officer, Mobavenue Media Private Limited, the company is working towards the growth and marketing needs of global and local e-commerce players trying to differentiate themselves from the competition while adding to a quality customer base.

    India’s e-commerce industry which was approximately $22 billion in 2018 and $99 billion in 2022, is estimated to reach $350 billion by 2030, according to the data platform Statista.

    With its in-house proprietary solutions, the company is currently working with leading e-commerce players to increase active users and purchase rates, resulting in a higher Lifetime Value (LTV). “Our solutions are highly valued by our clients, as we are one of the top five partners for the leading Indian e-commerce players,” said Kothari. E-Commerce Revenue Plummets $250 Billion Globally in 2022: Report.

    “Our clients have experienced accelerated growth, first and foremost, through our tailored solutions, as Mobavenue handles bidding and purchasing ad space without needing client intervention and attention,” he added. According to him, traditional ad purchasing methods limit inventory because each publisher can only serve ads on their own site, whereas their solutions provide unlimited inventory.

    “After all, we have access to almost all premium websites. Third, we provide deep insights about the targeted audience, which can be used to improve marketing campaigns and generate better results,” Kothari added.

    With a team of industry professionals at Mobavenue, the company has a thorough understanding of the e-commerce industry and have consistently produced results, assisting clients in achieving scale and developing growth strategies. “Our platform serves as a managed service for brands by increasing active users through our proprietary machine learning and AI technology, boosting retention, raising user LTV, and building brand awareness,” said Kothari.

    (The above story first appeared on Morning Tidings on Dec 20, 2022 01:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Werewolf Syndrome: MP Teen Lalit Patidar Suffering from The Rare Skin Condition Opens Up About Being Bullied For Excessive Hair Growth Anywhere on Body (See Pics)

    Werewolf Syndrome: MP Teen Lalit Patidar Suffering from The Rare Skin Condition Opens Up About Being Bullied For Excessive Hair Growth Anywhere on Body (See Pics)

    17-year-old Lalit Patidar, who suffers from the rare medical condition of Werewolf Syndrome, finally admits to being bullied his entire life for his look. According to the media reports, the Indian teen said that people threw stones at him due to excessive hair growth on his body, whereas kids were worried that he would bite them like an animal. As defined by the National Library of Medicine, the skin issue hypertrichosis has no cure, and it can equally affect both men and women. Strange! Rare ‘Fairy’ Horn Grows on Grandmother’s Arm in Taiwan; The Appendage Measures 7 Centimetres Long!

    Check Out The Tweet: 

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Giant Mysterious ‘Alien’ Growth Blocks Customer’s Toilet in Wales; Plumber Shares Pic of The Bizarre Fungus, Leaves Specialists Stumped (View Tweet)

    Giant Mysterious ‘Alien’ Growth Blocks Customer’s Toilet in Wales; Plumber Shares Pic of The Bizarre Fungus, Leaves Specialists Stumped (View Tweet)

    A British plumber has shared his bizarre experience of discovering a strange alien-like growth clogging a toilet in Whales. The man found a huge mysterious fungus inside the ceramic bowl, which perplexed experts. The customer has experienced sporadic leaking and backfilling concerns for years, and the property obtained water from an underground pump through a borehole. Pictures of the unfamiliar fungi earned much attention on Reddit as Ratcliffe posted them online. Largest Flower In The World Smells Like Rotten Fish! Man Stumbles Upon Parasitic ‘Corpse Flower’ in Indonesian Forest in Viral Video That Has Startled Netizens.

    Check Out The Tweet: 

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Snake Charmer Cartoon Used by Spanish Newspaper ‘La Vanguardia’ To Portray India’s Economic Growth; Netizens Unamused

    Mumbai, October 14: India is making a mark in the global economy and the world is acknowledging it. India’s economic prowess has been identified by International Monetary Fund (IMF), which termed India a bright star. Amid the recession, India’s elevation to the world’s fifth-largest economy overtaking the United Kingdom grabbed everyone’s attention. India is on its way to becoming a global leader and there is no doubt about it.

    However, western media is still not able to erase their image of India as a land of snake charmers and its colonial past. A Spanish newspaper found itself in the centre of controversy by painting India’s economic power using a rather racist stereotype. La Vanguardia, a Spanish daily, issued a story ‘La hora de la economia india’, or ‘The hour of the Indian economy on its front page. And, the caricature they used to portray the economic growth of India was a snake charmer. IMF MD Kristalina Georgieva Hails India’s Economic Growth, Says ‘Country A Bright Spot On This Dark Horizon’ (Watch Video).

    As soon as the photo on the daily’s front page went viral, the netizens started critising the shallow mindset of the west. Some users pointed out that using a “snake charmer” image is a racial stereotype and an insult to India. World Bank Downgrades India’s Economic Growth Forecast to 6.5 Per Cent for Fiscal Year 2022–23.

    Spanish Daily Receives Flake Online:

    Decolonising Foreign Mindset Is Complex Endeavour, Says MP PC Mohan:

    Spain Newspaper Slammed:

    Meanwhile, Spain lacks much behind India in terms of economic growth and GDP. Spain is currently the world’s 15th largest economy with a GDP of around $2 trillion while India is the world’s fifth largest economy with a GDP of around $3.5 trillion.

    (The above story first appeared on Morning Tidings on Oct 14, 2022 02:58 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Apple Sold Over 1.2 Million iPhones in India in Q2, Records 94% Growth

    New Delhi: Continuing its growth in India driven by local manufacturing, Apple sold over 1.2 million iPhones in the country in the second quarter (Q2) this year, registering a massive 94 per cent growth (year-on-year), the data showed on Monday. According to data shared by market intelligence firm CyberMedia Research (CMR), the growth was driven by the stupendous sale of iPhone 12 and 13 models. Nearly 1 million of the total shipped iPhones were ‘Make in India’ devices. Apple Rolls Out iOS 15.6, iPadOS 15.6 With New Features & Bug Fixes.

    “Through the course of the second quarter, Apple continued its India market momentum with a stupendous YoY growth, driven by increased local iPhone manufacturing. The iPhone 12 series, along with the iPhone 13 series, accounted for the most iPhones shipped into the market,” said Prabhu Ram, Head-Industry Intelligence Group (IIG), CMR.

    Apple iPads logged an impressive 34 per cent growth (on-year) in India and the company sold over 0.2 million devices in the country.

    “Apple iPad (Gen 9) and iPad Air 2022 accounted for a lion’s share of the iPad shipments, according to the Q2 data. CMR expects iPhones to garner 4 per cent smartphone market share in India while iPads are set to log 20 per cent market share in its respective category. The macro environment continues to be tough for the smartphone brands in India, owing to inflationary pressures, weakening rupee, and mellowed consumer demand.

    “The premium smartphone segment continues to be immune, and has benefited from consumer inclination for revenge buying in the new normal,” said Ram. Apple’s enhanced and diversified iPhone production capabilities in India, along with aggressive retail initiatives, continue to contribute to its strong growth momentum in India.

    Earlier this year, the tech giant confirmed it has started manufacturing its top-selling iPhone 13 smartphone in India. Apple first started manufacturing iPhones in India in 2017, with iPhone SE. In Q1 2022, Apple shipped nearly 1 million ‘Make-in-India’ iPhones, registering an overall growth of 22 per cent led by iPhone 12 and 13.

    (The above story first appeared on Morning Tidings on Jul 25, 2022 12:36 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Crypto, Blockchain, NFT Jobs Witness 804% Growth in India Post COVID-19: Report

    Bengaluru, June 21: Job postings for cryptocurrency, blockchain, NFTs have grown 804 per cent between April 2020 to April 2022, according to a report.

    The report by global job portal Indeed also revealed an acceleration in the market’s demand. In 2022, the increase was 315 per cent.

    Job postings in April 2022 were 15 times more than in 2019, highlighting the role of the pandemic in this sustained growth.

    The Covid-19 pandemic has fast tracked the adoption of technology across functions in India, hence technology professionals are more in demand than ever before, especially with expertise in newer areas like cryptocurrency, NFTs and blockchain, the report showed. Cryptocurrency Fraud: Indian Investors Likely Lost Rs 1,000 Cr to Fake Crypto Exchanges, Says Report.

    Application developer is the top job role across this field, followed by data engineer and full stack developer.

    The data also shows that crypto roles appear to be one of the biggest share of hires in overall technology job roles, increasing from 41.22 per cent in 2019 – 2020 to 67.48 per cent in 2021 -2022.

    “Being a technology first economy, Indian firms are rapidly investing in technologies that will put the country at the forefront of this new digital era. Technology hubs like Bengaluru and Hyderabad continue to lead with hiring in the sector while the national capital region is also seeing a fair share of interest in the sector,” said Sashi Kumar, Head of Sales for Indeed India, in a statement.

    Although “blockchain promises to be an exciting new field of work and offers tremendous scope for application, the sector is still very nascent,” Kumar added.

    It still has scaling issues and security concerns. Nevertheless, sectors such as finance, healthcare, and gaming are increasingly implementing decentralised finance, signalling the growing demand for jobs, the report said.

    A global report by Gartner forecasts that the business value generated by blockchain will grow rapidly, reaching $176 billion by 2025, potentially creating more job prospects.

    (The above story first appeared on Morning Tidings on Jun 21, 2022 01:24 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Twitter Enters Restructuring Mode, Focuses on User Growth

    New Delhi, June 2: As Twitter pauses hiring, the micro-blogging platform is reportedly shifting employees away from audio Spaces, Communities and newsletters verticals for areas that “will have the greatest positive impact to the public conversation”.

    The restructuring is happening under Jay Sullivan, the new head of product and interim head of revenue, reports Bloomberg.

    Twitter CEO Parag Agrawal last month fired consumer product leader Kayvon Beykpour and head of revenue product Bruce Falck, saying there is a hiring freeze now and Twitter will also pause spending in most areas. Twitter To Shut Down TweetDeck for Mac From July 1, 2022: Report

    Now, under Sullivan, the company is refocusing efforts on user growth and personalisation, as Elon Musk has put the $44 billion takeover deal on hold over the presence of fake accounts on the platform.

    “We are making some updates to our consumer product team structure and roadmap to better focus on the areas that will have the greatest positive impact to the public conversation,” a Twitter spokesperson was quoted as saying. Jack Dorsey Steps Down From Twitter Board, Confirms Elon Musk

    Agrawal had said that the company will also be reviewing all extended offers to determine criticality and those that should be pulled back.

    “We are not planning company-wide layoffs, but leaders will continue making changes to their organizations to improve efficiencies as needed,” Agrawal had said in a memo to employees.

    Twitter has paused most hiring and backfills, except for business critical roles as determined by ‘Staff’ members.

    However, the company is working on the Edit button as promised.

    Despite the ongoing tussle between Musk and Agrawal, the Twitter board is keen to see the $44 billion takeover deal go through as it is in the “best interest of all shareholders”.

    The Tesla CEO has said that the $44 billion deal at $54.20 a share “cannot move forward” until the Twitter CEO discloses actual bot numbers.

    While Twitter maintains it has less than 5 per cent fake/spammy accounts on its platform, Musk believes the number can be as high at 50 per cent, and wants Agrawal to come clean on this.

    (The above story first appeared on Morning Tidings on Jun 02, 2022 07:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Netflix Lays Off 150 US-Based Employees Amid Slow Revenue Growth: Report

    San Francisco: Streaming giant Netflix has laid off nearly 150 employees, primarily in the US, as it suffers from slow user growth amid stalled paid subscription. Several top-notch creative professionals from its original series vertical, such as Sebastian Gibbs and Negin Salmasi, have been asked to go, reports TechCrunch. Netflix Asks Its Employees To Quit if They Don’t Like Its Content: Report.

    “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly US-based,” a Netflix spokesperson was quoted as saying in the report late on Tuesday. “These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye to such great colleagues,” the spokesperson added.

    Netflix saw its stock tumbling by 20 per cent after it reported a loss of 2 lakh paid subscribers in the first quarter of 2022, its first subscriber loss in over a decade. Moreover, it now forecasts a global paid subscriber loss of 20 lakh for the April-June quarter (Q2).

    “Depending on your role, you may need to work on titles you perceive to be harmful. If you’d find it hard to support our content breadth, Netflix may not be the best place for you,” the company said.

    Netflix last month laid off several experienced journalists and writers working for its entertainment site Tudum which it launched only in December last year. Netflix had hired experienced entertainment journalists from publications including Vice, Bustle and others. According to reports, most of the Tudum culture and trends team was fired.

    The company has also told its employees that if they do not agree with its content, they can leave the streaming giant, a move that received a thumbs up from Tesla CEO Elon Musk.

    (The above story first appeared on Morning Tidings on May 18, 2022 10:56 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).