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Time of India
24 minutes ago
- Time of India
Anthropic's Claude AI can now generate Canva designs from text prompts
In a broader expansion of its automation capabilities, Anthropic's Claude AI chatbot on Tuesday enabled integration with Australian design software startup Canva . The integration allows Canva's users to create and edit designs through conversational commands. This marks the first time an AI assistant is letting users to design with Canva directly, inside a chat, the company can generate visual content, resize images, and autofill brand templates without leaving the Claude chat interface, marking the company's move beyond text-based tools to now offer visual design Canva connection operates through Anthropic's Model Context Protocol (MCP), which acts as a standardised bridge between AI assistants and external is an open-source standard developed by Anthropic that allows AI models to securely access and work with third-party tools. It simplifies connectivity and functionality sharing between access the feature through Anthropic's new Connectors Directory, users are required to buy a paid subscription for both Claude and Canva. With subscription, users can create presentations, resize images, and even fill out templates by giving text can use Canva tools to search for materials within a user's workspace, including brand templates using keywords or links. It can also autofill brand templates with required content based on user is also being used at companies such as Notion, Stripe, Prisma, Socket, and Figma, making it useful across a wider range of Australian platform said it has a headcount of over 5,000 employees. Canva has expanded its technological capabilities from mid-2024. Samantha Garrett, who heads the internal AI Solutions team within the IT Department, explained, "We knew it was up to us to give our team the space and time to test, learn and discover what good prompting looks like.'"We knew there would be rapid developments in different tools that would benefit different groups. We wanted to provide room for experimentation," Garrett added. In March last year, Canva acquired the Affinity suite of creative software popular with Mac users, securing its biggest acquisition to date, in an effort to compete with Adobe thoughts around AI strategy and regulation, Canva cofounder and chief executive Melanie Perkins, in an interview with ET last year , said, 'We want to ensure that our community has access to AI in their learning, jobs so they can understand how to be more effective.""A lot of governments around the world are trying to figure out their AI strategy. There are a lot of interactions that are happening with these agencies as they devise their policies and we are engaging with these policies across the world," she a move to increase investment in India, ET reported in February that India is the fourth largest market for Canva, behind the US, Brazil and Indonesia, and is likely to become the biggest in the next three to five is also pushing for growth in its user base from India as well as revenue, as it brings out more localised offerings while increasing its focus on enterprise bring the vision alive, Canva is set to launch its website in Hindi, to make all of its offerings available in the language to Indian the last year, the company has also doubled its team size in India, adding roles across engineering, marketing, sales and content.
Indian Express
44 minutes ago
- Indian Express
Theobroma patisserie chain, built by Mumbai-based sisters, eyes Rs 2,410 crore deal with ChrysCapital
Pan-India patisserie chain Theobroma, founded by Mumbai-based sisters Kainaz Messman Harchandrai and Tina Messman Wykes, is likely to be acquired by private equity firm ChrysCapital for Rs 2,410 crore. According to The Economic Times, the homegrown private equity firm will reportedly purchase nearly 90 per cent of the company from its founding promoters, the Wykes family, and existing investor ICICI Venture. The remaining 10 per cent stake is expected to remain with the current shareholders. Born in a small kitchen in Colaba at a neighbour's request, Theobroma — Greek for 'Food of the Gods' — was founded in 2004 by the two sisters. It began as a modest café with just four tables in Mumbai's Colaba and has since grown into a leading patisserie chain with presence in over 30 cities across India. What makes Theobroma's journey exciting is the fact that it is a story of a family coming together and turning their dreams into reality. Kainaz, often described as the soul of Theobroma, began baking as a child, helping her mother, who ran a home-bakery called Not Just Desserts. A trip to France at 16 proved to be a turning point, inspiring her to pursue the culinary arts. She later graduated from Institute of Hotel Management (IHM) Mumbai and the Oberoi Centre of Learning and Development (OCLD) in Delhi, and went on to work as a pastry chef at the Oberoi Udaivilas. In 2004, she launched Theobroma as a cosy neighbourhood coffee shop in Colaba. The second outlet opened in Bandra in 2010 — and the rest, as they say, is history. Today, Theobroma is a household name, with its signature brownies becoming a mainstay across India.
Time of India
an hour ago
- Time of India
From big plans to bottlenecks: Refining expansion falters, capacity up just 5%; import dependence grows
Representative Image India has increased its oil refining capacity by only 5% over the past seven years, falling far short of the 69% growth that had been targeted for 2025. Factors such as uncertainty around future demand due to climate considerations, limited land availability, and disruptions from the COVID-19 pandemic have significantly slowed expansion efforts. This shortfall has further heightened India's reliance on imported energy. A 2018 report by an oil ministry panel, which included government officials and industry leaders, had projected that refining capacity would grow from 245 million tonnes per annum (mtpa) in 2017-18 to 414 mtpa by 2025 and 439 mtpa by 2030, based on what were then considered "firm plans" by refiners, according to ET. However, the current capacity stands at just 258 mtpa, according to the figures put out by the oil ministry. Key projects that have fallen behind include the proposed 60 mtpa India-Saudi greenfield joint venture, Nayara Energy's 25 mtpa expansion backed by Rosneft, Reliance Industries' planned 7.5 mtpa addition, and Indian Oil's 34 mtpa capacity goal. The combined refining capacity of BPCL and NRL has increased by just 2 million tonnes per annum (mtpa), falling significantly short of the planned 26.4 mtpa expansion by 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Meanwhile, the HPCL-ONGC group registered the largest capacity addition among all players, with an 11 mtpa increase - but still below its target of 23 mtpa. Several projects led by Indian Oil and HPCL are currently under construction and are expected to be completed in the coming years. Major refiners, including Indian Oil, HPCL, BPCL, Reliance Industries, and Nayara Energy, haven't commented on the delays or revised timelines. The sluggish pace of expansion, combined with rising domestic fuel demand, has led to a 43% increase in India's petroleum product imports over the past seven years (up to 2024 - 25), while export volumes have slipped by 3% during the same period. B Ashok, former chairman of Indian Oil, says the uncertainty over the impact of energy transition policies, both in India and globally, has 'made decision-makers more circumspect'. He acknowledged that refineries are 'high capex and high gestation projects' but stressed that India urgently needs fast-executed greenfield refinery projects to support its rapidly growing economy. According to him, such projects must integrate new technologies to address environmental concerns and be supported by new risk-sharing models, reported ET. B Anand, former CEO of Nayara Energy and of the TCG Group's petrochemical business, also agrees that the shadow of transition looms over refinery growth. 'Globally, the refining growth story is diminishing. Access to new-age capital for hydrocarbons due to net zero concerns has reduced,' he said. Ashok added that climate-focused initiatives are creating competing demands for capital within energy companies. 'With emphasis on transition and climate impact mitigation efforts, the capital requirements within the organisations are varied and stretched. These are also impacting the view of future refining projects,' said Ashok, who also headed the India-Saudi joint venture refinery project, which ultimately stalled due to land acquisition issues. Anand believes India should shift its focus toward petrochemicals, given the anticipated rise in demand driven by rapid urbanisation and the growth of e-commerce. 'For India, building new refineries with so much crude import dependence is not a good idea. We should instead focus on investing in petrochemicals, which has a promising future,' he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
