NextBigWhat

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Khadi, Papad, Honey is what India is buying

Khadi and Village Industries Commission (KVIC) has reported an over 25% jump in sales to a little under Rs 75,000 crore during 2018-19.  Papad, honey and cosmetics that have contributed to a major chunk of the KVIC’s revenues.  FYI: KVIC sales are 2X of HUL’s. And all this when Baba Ramdev’s Patanajli is struggling with sales growth.

This Indian AI startup claims to automate app making but – it’s all human

The AI hype cycle continues. Engineer.ai, an Indian startup claiming to have built an artificial intelligence-assisted app development platform, is not in fact using AI to literally build apps, according to a report from The Wall Street Journal. Instead, the company, which has attracted nearly $30 million in funding from a SoftBank-owned firm and others, is reportedly relying mostly on human engineers, while using hype around AI to attract customers and investment that will last it until it can actually get its automation platform off the ground.

FYI: Jio is valued at $43Bn

While Credit Suisse has marked RIL (Reliance) as an underperforming stock, it is interesting to note that the Credit Suissey has put the enterprise valuation of Jio at $43Bn. Credit…