iWorld
Rajshri Entertainment launches Marathi food channel on digital platforms
MUMBAI: Rajshri Entertainment has launched the first Marathi food channel called Ruchkar Mejwani on digital video platforms. The channel is being launched on the occasion of Makar Sankranti. It brings authentic and delectable Maharashtrian and other Indian and international recipes to food lovers across the world – anytime, anywhere and on any device.
The channel will launch with a show by chef Archana Arte, featuring a wide array of recipes, from ‘Gulpoli’ to ‘Cupcakes’ and from ‘Kolhapuri Tambada Rassa’ to ‘Pizza’. Arte is a food aficionado, with vast experience, having trained hundreds of food lovers in her cooking techniques. She brings her expertise to ‘Ruchkar Mejwani’ with her tried and tested recipes, with a unique Maharashtrian twist.
“My viewers will definitely relate to my videos as my cooking style is very easy for young Maharashtrians to understand and the ingredients used are readily available across the world. I have put in my best effort to present some of our mothers’ much loved recipes as well as some world famous delicacies,” said Arte.
Rajshri Entertainment managing director and CEO Rajjat A. Barjatya added, “My team and I are proud to present Ruchkar Mejwani, a high quality destination for Marathi language food videos. With tastes changing, a younger Maharashtrian audience across the world is demanding content in their language and recipes suited to their palate. We hope Ruchkar Mejwani will bridge this gap and become the #1 destination on YouTube and other digital video platforms for authentic Maharashtrian recipes and popular recipes from across the world.”
It is the fifth food channel to the kitty after Rajshri Food, Get Curried, Swaad Anusaar and Indono Daidokoro (Japanese) and the second Marathi channel after Rajshri Marathi.
Ruchkar Mejwani is available on all major digital platforms including YouTube, Dailymotion, Digivive and Vuclip. It will be updated regularly adding new recipes every week. New shows hosted by new chefs will also be seen in near future.
iWorld
Snapchat parent Snap cuts 16 per cent of workforce in AI-driven restructuring
The Snapchat parent is axing around 1,000 jobs and closing 300 open roles to save $500m, as artificial intelligence makes smaller teams the new normal
CALIFORNIA: Snap is snapping. The Snapchat parent has confirmed plans to cut around 1,000 employees, roughly 16 per cent of its full-time workforce, as it bets that artificial intelligence can do what headcount once required. Shares jumped more than 10 per cent in premarket trading on the news, a brisk vote of confidence from a market that has watched the stock shed about 31 per cent this year.
The restructuring, which also closes more than 300 open roles, follows pressure from activist investor Irenic Capital Management, which holds an economic interest of about 2.5 per cent in the company and has been loudly pushing Snap to tighten its portfolio and lift performance. The firm got what it asked for, and then some.
Chief executive Evan Spiegel told employees the cuts would reduce annualised expenses by more than $500m by the second half of the year. The company expects to incur charges of between $95m and $130m related to the layoffs, mostly severance, with the bulk landing in the second quarter. Staff in Snap’s North America team were asked to work from home on the day of the announcement.
The financial backdrop is not without bright spots. Snap expects first-quarter revenue to rise around 12 per cent to approximately $1.53 billion, broadly in line with analyst estimates. Adjusted core profit for the January to March quarter is forecast at about $233m, comfortably ahead of Wall Street’s expectation of $186.8m.
The harder question surrounds Specs, Snap’s augmented reality smart glasses subsidiary, which Irenic has urged the company to spin off or shut down entirely. The unit has absorbed more than $3.5 billion in investment and burns through approximately $500m in cash annually. Snap is pressing ahead regardless, with a consumer product expected later this year, even as Meta leads the market in the segment.
Spiegel is betting that leaner teams, smarter machines and a consumer AR play can restore Snap’s credibility with investors who have run out of patience. The redundancy notices have gone out. The harder restructuring, the one that requires a hit product rather than a headcount reduction, is still very much pending.
