Google Pixel 8 📱, Zomato & IRCTC 🤝, Swiggy Valuation ✨

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's edition of the NextBigWhat Daily IndiaTech News! Today we have news about Google's plans to produce Pixel 8 in India, Zomato's partnership with IRCTC, and Invesco increasing Swiggy's valuation. 🤝 📱 💰 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Google announces plans to produce Pixel 8 smartphone in India 🇮🇳 IndiaTech - Google will manufacture its Pixel phones in India, joining Apple and Samsung in boosting the country’s Make-in-India initiatives. - The first made-in-India Pixel phones, including the recently launched Pixel 8, will be available in 2024, with Google partnering with domestic and international manufacturers. - In addition to the Pixel phones, Google’s Chromebooks will also be manufactured in India, following a recent collaboration with HP. Zomato partners with IRCTC to expand food options for railway passengers 🇮🇳 IndiaTech - Zomato and IRCTC collaborate to enhance food supply and delivery via IRCTC’s E-catering portal. - The service will initially be available at five railway stations: New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi. - This partnership follows previous unsuccessful collaborations between IRCTC and other food aggregators such as TravelKhana and RailYatri. How to Shape Your Identity & Goals [NBW Newsletter Ad]( Awe as a Catalyst for Change Experiences that induce awe can have a profound impact on our self-perception and our understanding of our place in the world. bigIdeas from Huberman Lab Podcast [Read 🚀]( Mumbai’s air quality deteriorates, surpasses Delhi’s; health advisory issued 📈 India Business - Mumbai’s air quality index (AQI) has surpassed Delhi’s, reaching a ‘moderate’ level of 119, according to the System of Air Quality and Weather Forecasting And Research (SAFAR). - A health advisory has been issued, warning of potential respiratory illnesses and encouraging the use of Compressed Natural Gas (CNG) vehicles. - The rise in pollution is primarily due to vehicular emissions, construction activities, landfill sites, industrial areas, and sewage nullahs, particularly during the post-monsoon months of October and November. Anant Ambani faces opposition from proxy firms over board seat 📈 India Business - Proxy firms ISS and IIAS have raised concerns over Anant Ambani’s limited leadership experience, questioning his potential contribution to the board. - Reliance defended Anant’s appointment, citing his relevant experience and maturity, while another proxy firm, Glass Lewis, supported his appointment. - The induction of Anant and his siblings is critical to the succession plan of Asia’s richest person, and the stance of foreign and local institutions, who own close to 40% in Reliance, will be known after the voting closes. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Sony-Zee Entertainment merger in India expected to finalize in November 🇮🇳 IndiaTech - The merger between Sony Group Corp’s India unit and Zee Entertainment Enterprises Limited (ZEEL) is anticipated to close in November, after facing delays due to various clauses. - The merger, one of the largest in India’s media industry, will combine over 70 TV channels, two streaming services, and two film studios. - Despite opposition from financial institutions and lenders, the merger has received necessary approvals from regulatory bodies and is being expedited by the Boston Consulting Group. Delhi police arrest three for scamming wholesalers via fake e-commerce firms 🇮🇳 IndiaTech - Three individuals were arrested in Delhi for creating fictitious companies and defrauding wholesalers through an e-commerce platform. - The suspects, who allegedly showed fake payment receipts to convince their victims, were tracked down through detailed call record and IMEI searches. - During interrogation, one of the accused revealed that they had created around half a dozen ghost companies to dupe victims. Tata Consultancy Services calls employees back to office, emphasizes dress code 🇮🇳 IndiaTech - Indian IT firm Tata Consultancy Services (TCS) has asked employees to return to the office and adhere to the company’s dress code. - The move is aimed at integrating new employees who joined during the pandemic and have been working remotely. - Currently, around 70% of TCS staff are working from the office, according to Chief Human Resources Officer Milind Kakkad. Invesco increases Swiggy’s valuation to $8 billion 🇮🇳 IndiaTech - Invesco, a stakeholder in Swiggy, has increased the company’s valuation to $8 billion, up from $5.5 billion in May. - Swiggy’s food delivery business GMV grew 26% year-on-year, and its ‘Instamart’ business reported a 459% annual growth. - Despite a loss of $545.5 million in 2022, Swiggy’s CEO claims the food delivery business became profitable in March 2023. Amazon Prime Day sees modest gains while broader retail industry struggles 🇮🇳 IndiaTech - Despite Amazon’s claims of a successful Prime Day, independent data shows only slight gains for the company and a decline in the broader retail industry. - Retailers are under pressure as consumer spending slows, with companies like Best Buy, Dollar Tree, and Target narrowing their guidance for the year due to inflation. - While Amazon and Walmart remain strong, smaller retailers are forced into risky discount wars to attract price-conscious consumers, potentially widening the gap between retail giants and smaller competitors. Google CEO Sundar Pichai praises PM Modi after productive meeting 🇮🇳 IndiaTech - Sundar Pichai and PM Modi discussed Google’s role in India’s electronics manufacturing and its collaboration with HP. - PM Modi encouraged Google’s efforts in AI tools for good governance and acknowledged the ‘100 languages initiative’. - Pichai shared Google’s plans for financial inclusion in India and its global fintech operations centre at Gujarat International Finance Tec-City. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](