Coriander as Bonus

Good Morning Folks!!! Welcome to yet another edition of your daily newsletter- Snapglobe. Today, we will reminisce the tale of a victor who triumphed over all odds. Around 2014, Ikea bore victim to a rising number of counterfeit products. To track the source, the company performed a sting operation with its agents, who posed as high-volume buyers. With a sweeping victory, the brand quickly quelled the counterfeit conundrum!

E-COMMERCE
Free Coriander with Veggies at Your Doorstep

One Liner: Blinkit now offers free coriander with veggie orders, thanks to a mom’s viral suggestion that caught the attention of the CEO of Blinkit.

Inspired by a viral social media post where a user’s mother was surprised to pay for coriander, often given free by local vendors, Blinkit’s CEO, Albinder Dhindsa, immediately implemented her suggestion to offer free coriander with purchases that meet a specific vegetable threshold. Announcing the update, Dhindsa thanked the user’s mom for the idea and confirmed that the feature is now live, with further refinements.

INSURANCE
Highest Ever Bonus Paid

One Liner: HDFC Announces Highest Ever Bonus- Nearly 3,700+ Crore To More Than 22 Lakh Policyholders

Private insurance company HDFC Life Insurance has been stocking record-breaking growth in net profits with 14.7% growth year-on-year. Fostering mutual partnership and transparency with its key stakeholders, the company has declared that it will hand out a massive 3722 Crore package worth of bonus to approximately 22.23 Lakh policyholders in what is known as a “par” policy.

INFORMATION TECHNOLOGY
H-1B Visa Approvals Plummet

One Liner: Indian IT’s Reliance On H-1B Visas To Plummet By 56%

Data from NFAP showed a decrease of approved H-1B Visas from approximately 15,000 in 2015 to 6000 in 2023. Over the last 8 years, the top Indian IT companies have witnessed a substantive 56% decline. Factors such as stringent immigration policy, a fervent surge in local hiring, and a hike in registration fees have played pivotal roles in stunting the usage of the US’s premier work visa program.

WORLD

According to Google CEO Sundar Pichai, India is currently positioned at a level big enough to influence the trajectory of global AI development. Highlighting technology transitions as a key driver forging global opportunities for developing countries to grow exponentially, the focus was on Google’s Gemini-driven AI realm to expedite AI adoption.

Elon Musk’s Neuralink reportedly faces significant issues about its first human trial. A new Reuters report shows that the company had long been aware of these problems. The US Food and Drug Administration was informed of this potential issue by Neuralink through its animal testing results. After implanting the device in 29-year-old Noland Arbaugh’s brain, it was observed that a slew of threads retracted post-surgery, raising concerns due to its malfunction.

The e-commerce behemoth Amazon pours Rs. 1,660 crore into its Indian business unit, Amazon Seller Services. This acts as a buttress against the rapid buildout of Meesho and the proliferation of Flipkart, exploring new avenues of quick commerce. Walmart’s Flipkart and Amazon jointly wield a large chunk of India’s e-commerce.

OPTICAL ILLUSION

When held from afar, the image appears to be normal. But do not let it trick your eyes! The picture is only black and white. This type of optical illusion uses colored grid lines to make it appear as if the picture is colored, even though it is colorless.

 The “Bless You”!!

In medieval times, sneezing was believed to be a sign of impending illness or even death. To ward off this doom, people would shout, "God bless you!" after someone sneezed, hoping to protect them from harm. So, essentially, saying "bless you" was like offering medieval antivirus protection!