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Myntra to strengthen SCM network by scaling-up share of women

Myntra will scale up hiring women in its supply chain and contact centre operations this year. This will be during the run up to the festive season, when Myntra hosts its annual marquee event, the Big Fashion Festival.

The ecommerce company said it will hire 21% more women than last year’s festive season. These women will be from economically disadvantaged backgrounds and will be trained by in-house experts and external professional trainers in picking, packing, sorting, and unpacking.

Myntra said women will be hired from across locations and villages in states like Haryana, Telangana, West Bengal, and Karnataka. In addition to the supply chain, of the total hires in the contact centre this festive season, 45% will be women hires.

“Our preparations for Big Fashion Festival are in full swing to cater to the high demand from our customers. We are committed to advancing the entire fashion ecosystem, and a key part of this commitment is our dedication to diversity and inclusion. We are particularly excited about onboarding the on-ground staff, where women will play a pivotal role in offering optimal experience to customers and adding to their joy in the festive season,” said Nupur Nagpal, CHRO, Myntra.

Microsoft launches Copilot AI companion

Microsoft has launched Microsoft Copilot, an AI companion aimed at enhancing productivity and revolutionising the way people interact with technology.

“We are entering a new era of AI, one that is fundamentally changing how we relate to, and benefit from technology. With the convergence of chat interfaces and large-language models, one can now ask for what one wants in natural language, and the technology is smart enough to answer, create it or take action, said a statement from the company. At Microsoft, we think about this as having a copilot to help navigate any task,” said Yusuf Mehdi, Corporate Vice President and Consumer Chief Marketing Officer, Microsoft.

Copilot will incorporate the context and intelligence of the web and work data to provide better assistance – with privacy and security at the forefront. The experience will be available in Windows 11, in Microsoft 365, and in the web browser with Edge and Bing, and as an app. It will begin to roll out in its early form in the next release of Windows 11 starting September 26.

Soch reports 60% revenue growth, exceeds Rs 400 crore in FY23

Ethnic wear brand Soch achieved a significant milestone during the fiscal year 2022-2023 by crossing the Rs 400 crore mark in topline revenue.

Soch launched 18 new stores in the previous year, with plans to double the number of new stores in the current year. The brand crossed 150 stores in August 2022 and has a presence across 60+ cities. Its ecommerce site is servicing over 30,000 pin codes.

Soch has also experienced significant growth in its online business, recording a 125% increase in revenue from Rs 19 crore to Rs 44 crore. The brand’s recent innovative Omni-channel approach has introduced digital tabs in stores.

“Our success is a testament to the dedication and hard work of the entire Soch team. With a well-defined vision, we aim to achieve the Rs 1,000 crore mark within the next 3-4 years,” said Vinay Chatlani, CEO of Soch.

Upstox’s Sami Alam joins CARS24 as Senior Director, Engineering

<figure class="image embed" contenteditable="false" data-id="526678" data-url="https://images.yourstory.com/cs/2/11718bd02d6d11e9aa979329348d4c3e/Imageo7ha-1695377765920.jpg" data-alt="Sami Alam, Senior Director, Engineering, CARS24 " data-caption="

Sami Alam, Senior Director, Engineering, CARS24

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Auto-tech company CARS24 has appointed Sami Alam as its Senior Director of Engineering. In his capacity, Sami will spearhead the engineering team at the company, propelling innovation and enhancing the CARS24’s technological prowess. His leadership extends to overseeing engineering for CARS24’s financial arm, CFSPL, and involves close collaboration with the business, growth, and product teams and aligning technology with the company’s strategic objectives.

Sami’s appointment is aimed to advance CARS24’s mission of making the process of buying, selling, and financing used cars a seamless experience for its customers.

Sami Alam brings with him an experience of over two decades in digital transformation, technology architecture, ecommerce, fintech, consumer-facing products, supply chain technologies and data analytics. He has managed high-performing engineering teams and created cutting-edge technology solutions for global enterprises.

(This article will be updated with the latest news throughout the day.)