Snapchat Parent Snap Cuts 16 per Cent of Workforce in AI-Driven Restructuring
Snap Inc., the parent of Snapchat, announced a 16% workforce reduction, cutting roughly 1,000 jobs and closing 300 open positions to achieve $500 million in annualized cost savings. The move follows pressure from activist investor Irenic Capital, which holds about 2.5% of the company, and is part of an AI‑driven restructuring that aims to replace larger teams with smarter automation. Snap expects to incur $95‑$130 million in layoff charges, primarily in Q2, while projecting first‑quarter revenue of $1.53 billion and adjusted core profit of $233 million, both above expectations. The company also faces scrutiny over its AR glasses subsidiary, Specs, which has burned $500 million annually.
Prasar Bharati Enters Race for FIFA World Cup 2026 Broadcast Rights
India’s public broadcaster Prasar Bharati is positioning itself as the likely sole bidder for the 2026 FIFA World Cup TV rights after private players JioStar and Sony walked away. The tournament’s U.S.-centric schedule and cricket‑dominated ad market have deterred commercial broadcasters,...
Lovetc Appoints Tamannaah Bhatia as Brand Face
Lovetc, the premium colour‑cosmetics label founded by Ananya Birla, completed a strong first year and is entering its second with 30% month‑on‑month sales growth. The brand has expanded to 90 offline retail doors and is targeting more than 150 by...
Infosys Names Carlos Alcaraz as Global Brand Ambassador
Infosys has appointed tennis star Carlos Alcaraz as its Global Brand Ambassador in a multi‑year deal, linking the AI‑first consultancy with the youngest career Grand Slam winner. The partnership will see Alcaraz’s team use Infosys' Topaz platform for real‑time match...
OpenAI Launches Everyday Superheroes Campaign During IPL in India
OpenAI has launched the “Everyday Superheroes” campaign in India, timed with the IPL and running from 13 April to 31 May across more than 150 TV channels and 25 digital platforms in nine languages. The initiative partners with five IPL franchises, introduces...
Almonds Ai, EROS Group Partner to Improve Retail Execution with Insights Ai
Almonds Ai has teamed with India’s EROS Group to roll out Insights Ai, a real‑time analytics platform that monitors attendance, sales, inventory, merchandising and competitor activity on the shop floor. The partnership aims to replace delayed reporting with instant, actionable intelligence, enabling retailers...
Trump Media Company Drops Defamation Suit Against The Guardian After Legal Setback
The article outlines a market shift toward low‑VOC paints, non‑porous engineered quartz surfaces, and performance‑driven furniture to boost indoor air quality and hygiene. Brands such as Nippon Paint, Specta Quartz, Orange Tree and Century Ply are launching certified eco‑friendly lines....
Booking.com Suffers Data Breach, Leaves Guests’ Personal Details Exposed
Booking.com confirmed a data breach that exposed guests' names, emails, phone numbers and reservation details, though financial information remained untouched. The company has not disclosed the number of affected customers, prompting heightened regulator scrutiny after a 2018 breach that resulted...
Legendary Singer Asha Bhosle Dies at 92
Legendary Indian playback singer Asha Bhosle died at 92 in Mumbai after a brief hospitalization for cardiac and respiratory issues. Her career began in 1943 at age nine and spanned eight decades, making her one of Bollywood’s most prolific voices. Bhosle...
OpenAI Launches $100/Month ChatGPT Pro Tier to Rival Anthropic
OpenAI unveiled a $100‑per‑month ChatGPT Pro subscription that delivers five times more Codex usage than the $20 Plus tier, aiming to capture heavy‑use developers and counter Anthropic’s similar pricing. The promotion, running until May 31, temporarily offers up to ten‑times the...
Banijay Acquires Global Rights to Battleground Fitness-Reality Format
Banijay Entertainment has acquired global rights to the high‑energy fitness‑reality format Battleground from Rusk Media after the show logged more than 20 million views and 2.5 billion social‑media impressions in India. The deal expands Banijay’s digital‑first, youth‑driven portfolio alongside titles such as...
Specs Inc. Partners with Qualcomm for Next-Generation Smart Glasses
Specs Inc., the Snap subsidiary, announced a multi‑year strategic partnership with Qualcomm to power its next‑generation, standalone see‑through smart glasses using Snapdragon XR system‑on‑chip technology. The collaboration promises edge‑AI processing, low‑power computing and a predictable roadmap for developers, with a...
WPP Explores Sale of Flagship PR Agency Burson
WPP is exploring a sale of its flagship public‑relations agency Burson, formed in 2024 from the merger of BCW and Hill & Knowlton and employing about 6,000 people worldwide. The potential divestiture would represent a near‑complete exit from the PR sector and...
Crocs India Ropes in Rakesh Bedi for Quirky New Digital Campaign
JioHotstar has introduced Tadka, a vertical micro‑drama vertical delivering 60‑ to 120‑second episodes designed for mobile thumbs. The service launches with more than 100 original titles and aims to exceed 1,000 by year‑end, coinciding with the Indian Premier League to...
Reliance Jewels Launches ‘Shubh Akshaya Tritiya, Smart Akshaya Tritiya’ Campaign
Reliance Jewels unveiled a "Shubh Akshaya Tritiya, Smart Akshaya Tritiya" campaign that blends traditional gold‑buying rituals with a modern investment narrative, featuring a father‑daughter dialogue starring Gajraj Rao and Pratibha Ranta. The multi‑channel rollout targets younger consumers while preserving cultural appeal ahead of the Akshaya Tritiya festival. Meanwhile,...
