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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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Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

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Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

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Dunzo’s Collapse: Reliance’s ₹1,645 Crore Loss Signals Challenges in India’s Hyperlocal Delivery Market

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Reliance Industries has officially written off its $200 million investment in Dunzo, a once promising quick-commerce startup in India. Despite high-profile backing and the potential to disrupt the hyperlocal delivery sector, Dunzo faced insurmountable challenges including high operational costs, unsustainable cash burn, and stiff competition from larger players like Zepto and Blinkit. Reliance’s decision follows Dunzo’s operational suspension, leadership exits, and failed attempts at securing additional funding or acquisition partners, ultimately resulting in the company’s digital platforms going offline in early 2025.​

The downfall of Dunzo was accelerated by its inability to maintain a healthy balance between rapid expansion and revenue growth, with losses in FY23 reaching an alarming ₹1,800 crore. With monthly expenses crossing ₹100 crore and mounting pressure to scale, Dunzo resorted to layoffs and delayed payments before shutting down most services outside Bengaluru. Reliance’s significant stake, initially seen as a strategic advantage, ended up limiting the startup’s flexibility in making independent decisions during its final months.​

Reliance’s write-off sends a strong message to India’s startup ecosystem about the risks inherent in quick-commerce and hyperlocal delivery models. Investors are increasingly focused on sustainable growth, disciplined scaling, and profitability. For Reliance, lessons from Dunzo’s collapse are shaping future e-commerce strategies, driving greater emphasis on operational efficiency and prudent financial planning in an intensely competitive market.

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Zoho Arattai vs WhatsApp: 5 Reasons India’s Homegrown Messenger Is Winning in 2025

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Zoho Arattai messenger has rapidly gained popularity in India by offering features tailored specifically for Indian users, setting itself apart from global competitors like WhatsApp. Arattai delivers exceptional regional language support, intuitive low-bandwidth messaging, and a lightweight interface, making it especially accessible to rural communities and users on lower-end smartphones. This focus on localization and inclusivity gives Arattai a significant edge in the Indian market, ensuring seamless communication even in remote areas.

Beyond usability, Arattai places a strong emphasis on user privacy and data sovereignty. The app stores all user data within India and follows a strict no-ads, no data-selling policy, which guarantees that personal information remains secure and uncompromised. While WhatsApp does provide robust end-to-end encryption, its global servers and Meta-owned data monetization model have raised concerns among privacy-conscious users. Arattai’s transparent approach makes it a trusted and attractive alternative for those who value privacy and wish to avoid intrusive advertisements or AI profiling.

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