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The Communiqué News

Crafting Memories: The Design Process Behind Manish's Dubai Store by Gauri Khan.

"Designing Manish's Dubai store was not just about creating spaces; it's about crafting memories and breathing life into the very essence of our shared passion for design and fashion." Gauri Khan's communiqué



Manish Malhotra states, "Gauri and I previously collaborated on the design of my home, which embodies calm and warmth. I wanted to bring the same serenity into my store so that every customer feels as if they are welcomed into my home."

Gauri Khan partnered with designer Manish Malhotra to create the interiors of his store and brings her thoughts on the process.

The 5000-square-foot ivory wonder unfolds as a tranquilly palace, presenting "The India Story." The store reflects our country's rich culture while also showcasing its ever-evolving modernity. "In the store, every element whispers the story of Manish, his design aesthetics...seamlessly weaving his logo into the very fabric of the space," Gauri Khan explained. The emblem becomes an intrinsic element of the design narrative, transforming the store into a living manifestation of the brand's soul."





How AI & Machine Learning are Shaping The Future of Banking in India?

3 January 2024: In their annual reports, Indian banks have employed an extensive array of terminology and concepts relating to AI and Machine learning.


Pritish Bagadi

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According to the Reserve Bank of India's banking and trends report, the use of AI-related terms in Indian banks has expanded significantly, particularly in private sector banks. However, adoption among public sector banks has been somewhat subdued, rising approximately 2.5 times throughout the study period.

The chatbots are usually accessible through the banks' websites. In the case of PSBs, mega-mergers appear to have boosted chatbot adoption, with combined organisations embracing acquirers' technology. A word cloud analysis highlights banks' emphasis on automation, which may be motivated by the desire to increase efficiency while also improving fraud detection and other predictive analytics.

"AI is increasingly being used in areas such as asset management, algorithmic trading, credit underwriting, and blockchain-based financial services," the Reserve Bank of India (RBI) stated in its publications. According to the top banks' study, AI will alter the financial services sector by encouraging the development of new goods and services, opening up new markets and industries, and paving the path for innovation.

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AI and ML Lingo in Banks

According to a recent survey, over one-third of responding financial services, organisations expect AI technology to assist 51 to 75 percent of their workload in five years. The same is being done by Indian banks, whether private or public sector.

According to the RBI investigation, practically every bank in India is utilising popular AI and ML dictionaries/glossaries such as Google Vertex AI, Google Developers, IBM, NHS AI Lab, the Council of Europe, and Large Language Models such as ChatGPT and Bard. Chatbots for customer support are also being introduced by NBFCs.

Indian banks have employed an extensive variety of AI and Machine Learning terminology and concepts. Chatbots, Artificial Intelligence, Cloud Computing, Machine Learning, Customer Segmentation, data analytics, robotics support automation, the Internet of Things, and many other technologies are part of the world.

ICICI Bank used the term Artificial Intelligence six times in its FY23 annual report, Machine Learning four times, Cloud Adoption and Computing nine times, and Data Analytics five times. The bank used Machine Learning five times, Artificial Intelligence ten times, Cloud 25 times, and Data Analytics three times in its FY23 Annual Report. State Bank of India, India's largest public sector bank, used AI three times, Machine Learning twice, and Data Analytics only once.

According to RBI research conducted in 2016-2017, the number of banks utilising chatbots was five, which increased to ten in FY18. From ten in FY18 to twelve in FY23, the number of banks with chatbots increased to nearly twenty-six in FY23.





Ram Mandir Replica Rath Flagged off by Devendra Fadnavis & Rohit Shetty In Mumbai

The replica rath of Ram Mandir in Mumbai was flagged off by Maharashtra Deputy Chief Minister Devendra Fadnavis and director Rohit Shetty.

Devendra Fadnavis stated at the occasion, "The Ram temple will be inaugurated in Ayodhya on January 22." Everyone wishes to go, but it is not possible...A duplicate of the Ram temple has been built here to suit their ambition..."

For the celebration, the Sri Ram Janmabhoomi Tirath Kshetra Trust has invited 4,000 saints from different sects. Prime Minister Narendra Modi will attend the Ram Temple's inauguration in Ayodhya.

Vedic rituals for Ram Lalla's (baby Lord Ram) Pran-Pratishtha (consecration) ceremony in Ayodhya will commence a week before the main event on January 16, next year. Lakshmi Kant Dixit, a Vedic priest from Varanasi, will execute the primary ceremonies at Ram Lalla's consecration ceremony on January 22. The Amrit Mahautsav will be held in Ayodhya from January 14 to January 22. A 1008 Hundi Mahayagya will also be held, feeding thousands of devotees. Several tent towns are being built in Ayodhya to house the thousands of pilgrims who are anticipated to gather in the Uttar Pradesh temple town for the grand consecration of the Ram Temple. The Sri Ram Janambhoomi Trust says 10,000-15,000 people will be accommodated.




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