Latest news with #NitinSethi
India.com
5 days ago
- Business
- India.com
Gautam Adani cancels plan to launch Super App, what led to the sudden move? Explained
Gautam Adani (File) The Gautam Adani Group has reportedly decided to cancel its plan to launch a super app for users. According to a Bloomberg report that quoted sources, the group's digital unit was facing financial losses and internal disagreements. These issues led the company to drop the plan. The report also said that Nitin Sethi, the Chief Digital Officer who was in charge of the digital unit, resigned along with several other employees. This happened during an internal review related to poor management of the business. Adani one was launched in 2022 Adani One was introduced in December 2022 by Adani Digital Labs, a part of Adani Enterprises Limited. The digital platform, launched in 2022 as 'Adani One', was designed to be a one-stop platform for consumers, combining a range of services like travel, shopping, bill payments, and other lifestyle utilities. As per the company's annual report, the app handled transactions worth Rs. 750 crore (about USD 90 million) in the 12 months ending in March 2024. The company had set a goal to reach 500 million users by the end of this decade. Last year, the app had around 30 million users. Goal to reach 500 million users on its super app The Adani Group had set a long-term goal to reach 500 million users on its super app by 2030. Gautam Adani, the Group's Chairman, had once called it a vision to create the 'Ferrari of the digital world.' By March 2024, the app had gained about 30 million users. However, despite this early interest, it failed to maintain steady growth or generate a reliable source of income. As per the report, the slow progress of the project led to internal changes earlier this year. After merging the digital unit, several senior leaders resigned. This included Adani's Chief Digital Officer, who was leading the super app initiative, he quit while an internal review into how the project was being handled was still going on. Around the same time, many other team members involved in the app also left the company. Adani Group exits FMCG business This news comes at a time when the Adani Group is also moving out of the FMCG (Fast-Moving Consumer Goods) sector. As part of this move, the group has sold its entire stake in AWL Agri Business, which was earlier known as Adani Wilmar. The group said it made this decision to exit the FMCG space so that it can focus more on its core business—infrastructure. AWL Agri Business is known for selling cooking oils and other food products under the Fortune brand. The company for now, is said to be refocusing on its traditional strengths in infrastructure, energy, logistics, and airports.
Bloomberg
6 days ago
- Business
- Bloomberg
Adani Pulls Back From Super App Plan as Losses Mount, Fires Executives
The Adani Group has shelved its plans to build a consumer-facing super app after incurring significant losses and internal turmoil, people familiar with the matter said, marking a retreat from its ambitions to build ' the Ferrari of the digital world.' The Indian conglomerate folded its standalone digital unit, Adani One, into its airport holdings division earlier this year, the people said, asking not to be identified discussing private information. Chief Digital Officer Nitin Sethi, who was overseeing the unit, along with several employees have left the organization amid an internal probe into mismanagement of the business, they said.
Hindustan Times
7 days ago
- Entertainment
- Hindustan Times
India's first LGBTQ film Badnaam Basti to screen at Indian Film Festival of Melbourne
Indian Film Festival of Melbourne will feature the restored version of India's first LGBTQ film Badnaam Basti for its special Pride Celebratory Night in August. (Also read: Indian Film Festival of Melbourne Awards 2025: Superboys of Malegaon, Pataal Lok S2 lead the nominations; see full list) Badnaam Basti starred Nitin Sethi and Amar Kakkad. About the film The film was released in 1971 and was directed by Prem Kapoor. The Nitin Sethi, Amar Kakkad, and Nandita Thakur-starrer follows a driver bandit named Sarnam who rescues Bansuri from assault. He later hires temple worker Shivraj, creating an interconnected relationship between the three. The film was believed to be lost after its brief appearance in festival circuits but a 35mm print was accidently discovered in the archives at the Arsenal Institute for Film and Video Art in Berlin by two US curators: Simran Bhalla and Michael Metzger -- in 2019. They were searching for work by a different director with the same surname and chanced upon the prints of "Badnaam Basti", according to an article in The Guardian in December 2024. The film's legacy The legacy of the film, which was quite forward for its times for its homo-erotic undertones, will be honoured by this rare showcase, followed by the Australian premiere of We Are Faheem and Karun, a tender queer love story by acclaimed filmmaker Onir, according to a release here. This year, IFFM will screen nearly 75 films that reflect themes of inclusivity spanning gender, race, sexuality, disability, and women's representation. Speaking about the festival's commitment to representation, IFFM Director Mitu Bhowmik Lange said, "At IFFM, we believe cinema has the power to connect and create conversations. It is our responsibility to reflect on the world we live in, with all its beautiful diversity. This Pride Night is not just about celebrating queer identity but also reclaiming the space that has long been denied to LGBTQIA narratives in Indian cinema. Through films like Badnaam Basti and We Are Faheem and Karun, we honour the past and embrace a future of inclusive storytelling." The 16th edition of the festival is scheduled to be held from August 14 to 24. The LGBTQ Pride Night is scheduled for August 22.
New Indian Express
7 days ago
- Entertainment
- New Indian Express
India's first LGBTQ film 'Badnaam Basti' to be screened at Indian Film Festival of Melbourne
NEW DELHI: Indian Film Festival of Melbourne will feature the restored version of India's first LGBTQ film Badnaam Basti for its special Pride Celebratory Night next month. The film released in 1971 and was directed by Prem Kapoor. The Nitin Sethi, Amar Kakkad, and Nandita Thakur starrer follows a driver bandit named Sarnam who rescues Bansuri from assault. He later hires temple worker Shivraj, creating an interconnected relationship between the three. The film was believed to be lost after its brief appearance in festival circuits but a 35mm print was accidently discovered in the archives at the Arsenal Institute for Film and Video Art in Berlin by two US curators -- Simran Bhalla and Michael Metzger -- in 2019. They were searching for work by a different director with the same surname and chanced upon the prints of Badnaam Basti, according to an article in The Guardian in December 2024. The legacy of the film, which was quite forward for its times for its homo-erotic undertones, will be honoured by this rare showcase, followed by the Australian premiere of "We Are Faheem and Karun", a tender queer love story by acclaimed filmmaker Onir, according to a release here.
Hans India
02-05-2025
- Business
- Hans India
Health and wellness top priority in changing jobs for workers
Health and wellness has become a top priority for a majority of workers in India, planning to change jobs, according to a report. The report by Aon, a global professional services firm, showed that 82 per cent of employees in India are seeking new employment in the next 12 months. The top five valued benefits for the Indian workforce are work-life balance programmes; medical coverage; career development; paid time off; and retirement savings. Medical coverage was one of the highest-valued benefits across all generations among those surveyed in India, with Gen X and Gen Y rating it higher than Gen Z. Gen Z rated work-life balance as the top-valued benefit. In addition, 76 per cent of those surveyed said they would be willing to sacrifice existing benefits for a better choice of benefits. This highlights the necessity for businesses in India to align their total rewards and benefits strategies with the changing expectations of their workforce. 'Until recently, very few companies considered how benefits, wellness and healthcare programmes could shape their employer brand and employee value proposition. Post-Covid, we are seeing changes as employees increasingly value these programmes, and companies are more actively branding and communicating their availability to current and future employees,' said Nitin Sethi, head of Talent Solutions for India, at Aon. 'A multigenerational workforce is accelerating this change, while advanced technology is making it easier to implement these programmes. In the next decade, companies that excel in benefits, health and wellness will have a significant opportunity to position themselves as best-in-class employers,' he added. The report is based on a global study of more than 9,000 employees across 23 geographies, including the US, UK, China, India and Australia. It found that better than average pay (46 per cent); environmentally and socially responsible (24 per cent); support for wellbeing (22 per cent); fun place to work (21 per cent); and strong values (21 per cent) were the top five most influential characteristics to attract employees in the country. 'Employees are increasingly aware of the advantages of medical and life benefits,' said Ashley Dsilva, head of Health and Wealth Solutions and director and principal officer for India at Aon. 'The importance of retirement and financial planning among the young workforce is surprising,' Dsilva added.
