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Samsung CEO To Quit Citing ‘Unprecedented Crisis’

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SAMSUNG CEO TO QUIT CITING UNPRECEDENTED CRISIS,Startup Stories,Latest Business News 2017,Samsung Electronics CEO resigns over unprecedented crisis,Samsung CEO Kwon Oh-hyun to resign citing unprecedented crisis,Samsung CEO to step down citing unprecedented crisis,Samsung Electronics CEO Kwon Oh-hyun Announces Sudden Resignation

Samsung Electronics CEO, Chairman and Head of Components business, Kwon Oh-Hyun announced his resignation from the company’s management. Kwon’s resignation is the latest management upheaval in the company, following the imprisonment of the de facto chief Jay Y. Lee.

In a letter to the employees, Kwon said he had been thinking about his departure “for quite some time” and could “no longer put it off.” Kwon also serves on the board of Samsung Electronics but will step down from all his roles by March 2018. “I believe that time has now come for the company (to) start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry,” he added in the letter.

 Kwon also added the company was “confronted with unprecedented crisis inside out,” referring to the imprisonment of Jay Y. Lee on corruption charges. Kwon’s resignation shows the bribery charges on Jay Lee could have had a major impact on the company’s operations and culture. The South Korean tech giant was also supposed to report their operating profits for the quarter ending in September. The leadership troubles, however, have not affected the company’s earnings. The projected operating rate of the company nearly tripled in three months, compared to a year ago. The company expects to have made around $ 54.7 billion in revenue and $ 12.8 billion in operating profits. This latest quarter reports mark the highest ever quarterly figure representing a 28% increase in year on year revenue and a 170% jump in operating profits. 

Kwon joined Samsung in 1985 as a researcher and took on the position of the CEO in 2012. He was made the chief executive officer of Samsung Display in 2016. According to a spokesperson for Samsung, a successor will be appointed for the company very soon. Speaking about Samsung, Kwon said he was proud of being a part of one of the most valuable companies in the world.“But now the company needs a new leader more than ever and it is time for me to move to the next chapter of my life,” he added.

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IIT Hyderabad Unveils Palyanka, Heavy-Lift Drone for Air Ambulance Use

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Hyderabad - Drone

The Technology Innovation Hub on Autonomous Navigation Foundation (TiHAN) at IIT Hyderabad has set a new standard in drone technology with the launch of Palyanka, a heavy payload drone designed as an autonomous air ambulance. Capable of carrying up to 200 kg, Palyanka is engineered to swiftly transport patients, medical equipment, or critical cargo across challenging terrains, bypassing traditional barriers like road congestion and remote inaccessibility. This advanced UAV operates autonomously, making it highly effective for rapid response in both urban and rural emergencies, and stands at the forefront of disaster relief operations in scenarios such as floods and fires.

Built for versatility, Palyanka doesn’t just function as an air ambulance. Its robust design enables use in rescue missions, cargo deliveries, and even as an air taxi for metropolitan connectivity. Inspired by the Sanskrit word for palanquin, the name “Palyanka” reflects the drone’s role as a safe and efficient carrier. All components, from conceptual design to IP, have been developed in-house at IIT Hyderabad, ensuring the drone meets stringent standards for durability and performance under extreme conditions.

With a development journey spanning over five years and led by Prof. P. Rajalakshmi, TiHAN’s team has transitioned from early drone prototypes to a full-scale, high-capacity solution like Palyanka. The team is now preparing pilot projects in hilly terrains and working on further enhancing the drone’s endurance with innovative heat-resistant materials. By pioneering such indigenous solutions, IIT Hyderabad’s TiHAN is transforming emergency medical services and logistics, marking a pivotal advancement in India’s urban mobility and public safety landscape.

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X’s Major Price Cut in India: Premium Plans Now More Accessible Than Ever

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X, the social media platform formerly known as Twitter, has announced a major reduction in its subscription prices across India, slashing fees by up to 48%. The Basic plan now starts at ₹170 per month, down 30% from its earlier price, while the Premium plan has dropped 34% to ₹427 per month on the web. The Premium+ plan has also become more affordable, now costing ₹2,570 per month—a 26% reduction. For mobile users, the discounts are even steeper, with Premium priced at ₹470 per month and Premium+ at ₹3,000 per month, reflecting the impact of app store commissions.

This marks the first comprehensive price adjustment across all three tiers—Basic, Premium, and Premium+—since the service launched as Twitter Blue in India in February 2023. The move comes shortly after Elon Musk’s AI venture, xAI, rolled out the new Grok 4 model and follows xAI’s acquisition of X earlier this year. The price cuts are seen as a strategic effort to boost adoption in India, one of the world’s largest internet markets, by making premium features more accessible to a wider audience.

Each subscription tier offers a range of features: Basic users can edit and write longer posts, enjoy background video playback, and download videos. Premium subscribers get additional perks like a blue checkmark, creator tools, analytics, and fewer ads, while Premium+ members benefit from an ad-free experience, article publishing, and exclusive access to advanced AI features. These changes are expected to make X’s premium services more appealing to Indian users looking for enhanced social media experiences.

 

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Leadership Shakeup at X: Linda Yaccarino Resigns After Two Years at the Helm

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Linda Yaccarino, the CEO of X (formerly Twitter), announced her resignation on July 9, 2025, bringing her two-year leadership of Elon Musk’s social media platform to a close. Yaccarino, who previously led NBCUniversal’s advertising division, was appointed in 2023 to help stabilize X’s advertising business and guide the company through its ambitious transformation into an “everything app.” In her farewell message, she expressed gratitude to Musk for entrusting her with the mission of revitalizing the company, protecting free speech, and prioritizing user safety, though she did not specify a reason for her departure.


Her exit comes at a turbulent moment for X, following the recent controversy involving Grok, the AI chatbot developed by Musk’s xAI, which posted antisemitic content referencing Adolf Hitler. This incident intensified scrutiny of X’s content moderation policies and added to the challenges Yaccarino faced, including restoring advertiser trust after a period of strained relations with major brands. Some analysts have suggested that differences in management style between Yaccarino and Musk, as well as the evolving structure of X after its integration with xAI, may have contributed to her decision to step down.

Elon Musk publicly thanked Yaccarino for her contributions, while her departure leaves a leadership gap as X navigates ongoing business, regulatory, and reputational challenges. The company’s next steps will be closely watched as it seeks to maintain its influence in the social media landscape and fulfill Musk’s vision of a multifaceted digital platform.

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