Latest news with #Mody
Time of India
a day ago
- Business
- Time of India
No time to cook? This AI-powered ‘up-liance' will prepare your hearty meals
Live Events co-founders MohitSharma and Mahek Mody. In today's fast-paced world, the pleasure of cooking requires more than just skills—it demands time. While working professionals are becoming more health conscious and recognising the benefits of home-made food, they often lack the time to cook. Understanding that thought, IIT Bombay alumni Mahek Mody and Mohit Sharma decided to merge technology with cooking and founded an artificial intelligence (AI)-powered cooking appliance brand in upliance cooking package comes with AI-powered software installed on a tablet along with a set of utensils—a jar, spatula, steamer basket, butterfly whisk, blade, blade cover, crown, measuring spoons and blade lock. In the device, the jar and the tablet are adjacent to each other and the device automates various cooking steps such as heating, chopping and stirring your food. The software contains more than 500 recipes around the world with detailed instructions and any recipe can be Sharma and Mody bring together over a decade of experience in product development from their time at Chaayos and Ather Energy . During a casual meeting in the midst of the pandemic, the duo discussed how a lot of people, like themselves, were figuring out food and cooking for the first time.'Mohit had spent around 5 years at Chaayos, where every machine was designed to make specificand he was responsible for that. Mohit convinced me that food is a combination of art and science. We realised that if a machine could monitor every step of cooking in detail—for example, monitoring the exact temperature of food before you need to add an ingredient or how many tomatoes exactly are needed to make the dish tangy—it could make cooking much easier for people,' he duo then incorporated the company in 2021; however, it took them almost two years of research and development to come up with the commercial product.'For example, we spent one month just cooking tomatoes. Understanding different types of tomatoes and cooking them in different ways for Indian, Korean, or Italian recipes. The device should be able to cook in all forms. We needed to do all such tests to build this technology,' Mody can cook dishes ranging from pizza, butter chicken, and pav bhaji to rice products like pulao and biriyani. The recipes can be customised as per user preferences, such as by replacing onions and garlic with an alternative. It can even access videos from YouTube, and its customised recipe can be prepared in three its commercial launch in 2023, the company has so far gained over 10,000 customers. The entire upliance package costs Rs 27,999. There is no subscription charge now for upliance's software, but they plan to charge for it in the long run. The company has a production capacity of 5,000 units every highlighted that upliance can cook 5-6% faster than the time it takes to cook it through traditional means. 'It can take a person around 2-5 years of daily cooking to become well-versed and handy in the kitchen. With , you are already at a pro level and can indulge easily even in fancy food,' he Jain, Managing Director of Primus Partners, said that AI is quietly reshaping the way we cook. In India, AI-based cooking is gaining traction, especially in urban households and the food service industry. With busy lifestyles, young professionals and working families are turning to AI-powered meal planning apps, voice assistants, and smart cookers for convenience.'At home, apps like Yummly or Samsung Food can suggest what to cook based on what's lying in your fridge or your mood. Some smart ovens, like Tovala, even take care of the cooking for you—just scan the meal, and it's done. In restaurants, robots like Flippy in the US flip burgers, while Mukunda Foods in India has built machines that can make dosas, rice, or curries with zero fuss. Cloud kitchens are using AI to plan menus and reduce waste. The future kitchen blends creativity with intelligent automation,' he about challenges, Mody said that while initially it was difficult to convince investors during the R&D period, once the product was ready within 1.5 years, a live demo helped gain investment. also appeared on Shark Tank, which, although it did not result in any investment, did give them said while they do not have direct competition on the AI part, there are companies like Wonderchef, which have launched similar products that automate cooking processes like cutting, stirring, and even cleaning the 2023, raised Rs 11 crore in funding from Draper Associates (run by early Tesla and SpaceX investor Tim Draper ), Zerodha-backed Rainmatter, and Rukam Capital. In 2024, it raised Rs 34 crore in a round led by Khosla Ventures. clocked a revenue of Rs 1.5 crore in FY24 and Rs 6.7 crore in FY25 and is targeting Rs 20 crore in FY26.
Time of India
5 days ago
- Business
- Time of India
IndusInd Bank's Chief Human Resources Officer Zubin Mody resigns
IndusInd Bank on Friday announced that its Chief Human Resources Officer and Senior Management Personnel, Zubin Mody, has resigned from his position after a two-decade-long association with the private lender. His resignation, submitted via a letter dated July 25, 2025, will take effect from the close of business hours on October 24, 2025. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare Cybersecurity PGDM Design Thinking Data Analytics Digital Marketing Product Management healthcare Technology Data Science Management MBA Project Management Finance Data Science others Leadership Artificial Intelligence MCA Degree Others CXO Operations Management Public Policy Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details Mody's exit was disclosed by the bank in a regulatory filing made under SEBI's Listing Obligations and Disclosure Requirements (LODR) norms. The bank said the disclosure, along with Mody's resignation letter, has been made available on its website. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo In his letter addressed to the bank's board, Mody wrote: 'After 20 years of a remarkable and fulfilling career with the Bank, I wish to pursue new opportunities outside. Hence, I have made this very difficult decision to resign from the services of the Bank.' He thanked the board, colleagues, and stakeholders for their support over the years. Live Events 'I take this opportunity to thank the Board, my colleagues and all stakeholders of the Bank for their trust and support during my tenure,' he said. Mody also assured a smooth handover. 'I am committed to ensuring a smooth transition and I am available to support the Bank during this period, as required. I wish the Bank and my colleagues the very best for the future," Mody was quoted as saying in his resignation letter. IndusInd Bank's board took the resignation on record during its meeting on Friday, it said in a statement to the exchanges. The bank did not name a successor and said Mody's departure is due to personal reasons related to exploring opportunities outside the organisation. The resignation marks the latest high-level change in leadership at the bank.
Business Upturn
5 days ago
- Business
- Business Upturn
IndusInd Bank's Chief Human Resources Officer (CHRO) Zubin Mody resigns after 20-year stint
IndusInd Bank has announced the resignation of Mr. Zubin Mody, its Chief Human Resources Officer (CHRO) and designated Senior Management Personnel. The resignation was tendered on July 25, 2025, and Mr. Mody will officially step down from his role at the close of business hours on October 24, 2025. According to the official disclosure filed with stock exchanges under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), Mr. Mody is leaving the bank to pursue new opportunities outside. In his resignation letter addressed to the Board and CEO, Mody reflected on his '20 years of a remarkable and fulfilling career' at the bank. He expressed gratitude to the Board, colleagues, and stakeholders for their support and affirmed his commitment to ensuring a smooth transition. The disclosure, including his resignation letter, has also been made available on the Bank's official website in compliance with SEBI norms. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
5 days ago
- Business
- Business Upturn
IndusInd Bank's Chief Human Resources Officer Zubin Mody resigns after 20-year stint
By Aditya Bhagchandani Published on July 25, 2025, 20:10 IST IndusInd Bank has announced the resignation of Mr. Zubin Mody, its Chief Human Resources Officer (CHRO) and designated Senior Management Personnel. The resignation was tendered on July 25, 2025, and Mr. Mody will officially step down from his role at the close of business hours on October 24, 2025. According to the official disclosure filed with stock exchanges under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), Mr. Mody is leaving the bank to pursue new opportunities outside. In his resignation letter addressed to the Board and CEO, Mody reflected on his '20 years of a remarkable and fulfilling career' at the bank. He expressed gratitude to the Board, colleagues, and stakeholders for their support and affirmed his commitment to ensuring a smooth transition. The disclosure, including his resignation letter, has also been made available on the Bank's official website in compliance with SEBI norms. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Indian Express
5 days ago
- Politics
- Indian Express
As govt presses ahead with life after Dhankhar, meet the returning officer for VP election
In the aftermath of Jagdeep Dhankhar's sudden resignation, the Election Commission (EC) has set the ball rolling for the Vice Presidential elections. On Friday, it announced the appointment of Rajya Sabha Secretary General P C Mody as the Returning Officer for the elections. Garima Jain and Vijay Kumar, the Joint Secretary and Director of the Rajya Sabha Secretariat, were named Assistant Returning Officers. Mody's appointment as Rajya Sabha Secretary General in November 2021 had been controversial, with the Opposition demanding to know why he had been brought in place of his predecessor, P P K Ramacharyulu, who was barely two months into the job. The change had, besides, coincided with that year's Monsoon Session. Ramacharyulu was the first Rajya Sabha Secretariat official to have risen to that post, a point that was flagged when he was named. But his replacement and shunting out as 'advisor' was unceremonious. 'It is surprising and shocking. When the Session had been called already, why has this sudden decision been taken? What is the purpose and intention behind this, we have to find out,' Leader of the Opposition in Rajya Sabha Mallikarjun Kharge told The Indian Express then. He also pointed out that the usual practice was to appoint law experts as Secretary General. Mody is a 1982-batch Indian Revenue Service (Income Tax cadre) officer, who retired as chairman of the Central Board of Direct Taxes in May 2021, after nearly two years in the job. 'Whether they have consulted the Vice President of India who is also the Chairman of the House, we do not know. That also we will have to find out. Why have they appointed a new Secretary General in such a great hurry? Why have they replaced Ramacharyulu who was appointed just two months ago when the Session had been called under his signature?' Kharge said. Congress Chief Whip in Rajya Sabha Jairam Ramesh responded on Twitter: 'Not surprised at all. Dr P P Ramacharyulu is a thorough professional, non-partisan and perfectly qualified for the post — three deadly sins in the Modi regime.' The Trinamool Congress and the RJD, too, expressed surprise. 'It is not known why a person who was appointed hardly 73 days ago has been replaced all of a sudden by an IRS officer,' TMC chief whip Sukhendu Shekhar Roy told The Indian Express. 'He could not attend a single session because his appointment was done after the last session was over. And on the eve of a new session you bring in somebody new; that raises questions,' said RJD's leader in Rajya Sabha Manoj Jha. Earlier, Mody was caught in a row when Chief Commissioner of Income Tax (Mumbai) lodged a complaint with Finance Minister Nirmala Sitharaman against Mody, accusing him of a 'shocking' directive to bury a 'sensitive case'. The complaint, reported by The Indian Express, also alleged that the CBDT Chairman had informed the Chief Commissioner that he had 'secured' his position because of a 'successful search' action against an Opposition leader. When contacted then, Mody was unavailable for comment. Two months after the complaint, he was given a one-year extension by the Government and was subsequently given two more extensions as head of the premier tax body. Under Article 66(1) of the Constitution, the Vice-President is elected by an electoral college comprising members of both the Lok Sabha and the Rajya Sabha, using the system of proportional representation by means of a single transferable vote, with voting conducted by secret ballot. A Returning Officer is responsible for the overall conduct of the elections, including giving public notice of the intended election, collecting and accepting nomination papers, collecting the nomination sum, scrutinising the forms, accepting withdrawals if any, and supervising counting.
