chAI bigger than AI

Communication specialist. Sports. Music. Mountains. Internet. OTT. FinTech. Don't get offended, all tweets/RTs are personal.

[chAI bigger than AI @ChaarBucks]

Pinned for good!

[Aditi Shrivastava @AditiS90]

🚨IMP MILESTONE 🚨 Swiggy is now formally classified as an Indian-owned and controlled company (IOCC), a status under FEMA and India’s FDI policy.

This means:

1️⃣ Ownership: More than 50% of the beneficial equity is held by resident Indian citizens or Indian companies. (Done)

2️⃣ Control: The right to appoint a majority of directors or otherwise control management and policy decisions. (Done)

🎯 Next steps:

Swiggy will be able to hold inventory in its own name instead of relying on third-party partners, changing how it recognises revenue and potentially improving its margin profile.

Once Swiggy becomes an IOCC, Instamart will have the option to own inventory directly, as Blinkit did after Eternal’s restructuring. This would give Swiggy greater control over procurement, assortment and pricing, while potentially improving margins.

However, working capital, expiry, wastage and other inventory risks would also move onto Swiggy’s balance sheet.

Reported revenue could rise sharply as inventory sales are recognised in full, but this would be an accounting change.

Eternal (Blinkit) is already an IOCC.

🚨 Swiggy's IOCC status comes in sooner than some expected.

JM Financial, for instance, had said that the governance changes required could delay full qualification until March 2027.

⏪ History

This is Swiggy’s second attempt to become an Indian-owned and controlled company.

In May, shareholders voted against proposed amendments to the AoA, blocking the appointments of chief financial officer Rahul Bothra and co-founder Phani Kishan Addepalli to the board. The appointments were a step towards securing IOCC status.

[barkha dutt @BDUTT]

Beyond media headlines of a “doped” pilot here’s what actually caused the Airindia Phuket Delhi plane to lose height - Airbus initial report concedes critical controls lost for 4 seconds, triple hydraulic systems failure within 2 seconds and recovery resumes within 7 seconds. The Co-pilot who was flying at the time clearly did a superb job - so far unsung- of bringing the plane under control manually - averting a catastrophe

[chAI bigger than AI @ChaarBucks]

@UTD_Seth001 @grok did Scholes say this?

[Mihir Vasavda @mihirsv]

If this was any other country, @iocmedia and FIFA would ban them from hosting another competition. Like the IOC did with India in 2019, or @fifamedia did with Indonesia in 2023. Then again, there's nothing more blatant than Western double standards

[Mihir Vasavda @mihirsv]

He spent time on farms, learnt Haryanvi, immersed himself in local culture, stayed for nearly 20 years & produced 4 Olympic medallists.
Vladimir Mestvirishvili, the goofy Georgian, was the man behind most big moments in Indian wrestling.
He died on Monday.
https://t.co/JLcn1xlE1P

[Dinesh Pai @dineshpaii]

You may be paying for subscriptions you've forgotten about. Check all your UPI autopay mandates in one place. Takes 2 minutes. It could save you thousands.

Cancel what you don't need.

https://t.co/LBvR8o2B8V

[The Wall Street Journal @WSJ]

Influencers have described propranolol as a magic pill that eases nervous jitters in all kinds of settings. Prescriptions are on the rise, especially for young women.

🔗: https://t.co/dcz7EqShBa

[Morning Brew ☕️ @MorningBrew]

Warren Buffett drops some wisdom in his farewell letter to shareholders.

[Nikhil Pahwa @nixxin]

Someone at Sony LIV seems to be under immense revenue pressure & making very stupid short term decisions. 1.5 min of ads (2x15 sec+2x30 sec) after every 3 min is unforgivable. On one occasion they repeated an ad in the same sequence.

This leads to 4 things:
1. Paying customers like me who made the mistake of renewing last month won't next year. Twice now I've given up watching highlights because almost 25% of airtime is ads. Every time you start a stream, you're subjected to 3-4 ads.

2. They'll piss off advertisers who won't return. Seeing the same ad 8 times in 10 minutes creates negative perception for viewers.

3. They're creating grounds for justification of advertising regulation in streaming like there was in TV. At some point in time, MIB will do to online advertising what it did to TV ads.

4. They're making it feasible for Ministry of Health to argue that you can insert anti Tobacco ads in the beginning and middle of a show. This is a mess that Amazon has also created. MoH can argue: if you can do it to make money why can't you put public service ads.

Well done Sony LIV, in screwing over the few people who are actually paying for your service.

[chAI bigger than AI @ChaarBucks]

@nixxin Totally! Please spare the highlights. Every damm match has ads playing during a crucial wicket taking ball or play making in a football match.

[Citizen PulseX @CitizenPulseX]

@CMofKarnataka @BBMPCOMM @GBAChiefComm @DKShivakumar @blrcitytraffic @GBA_office @osd_cmkarnataka @shalinirajnish @TVMohandasPai @kiranshaw @ChristinMP_ @vinodblru @NammaBengaluroo- how long must residents wait before Silver County Road, Harlur, gets basic dignity?
Potholes everywhere, no footpaths, zero safety. Are we waiting for an accident before action begins? This apathy is pure negligence.
Request 🙏 to fix it before another headline writes itself. #BengaluruDeservesBetter #CivicNegligence
#BengaluruRoads #PublicSafety #AccountabilityNow

[Cricinfo @cricinfo]

"A VICTORY THAT WILL IGNITE A NATION"

[Akash @ccg33k]

🚨 Flipkart 🤝 Marriott Bonvoy

A super exciting update, coming soon!!

🔄 Link accounts, swap rewards:

- Flipkart SuperCoins ↔ Marriott Bonvoy Points

- Conversion ratio:
2 Bonvoy points = 1 SuperCoin
2 SuperCoins = 1 Bonvoy point

- Shop on Flipkart, earn hotel points & vice versa 🤯

#Flipkart #Marriott #Rewards #Loyalty #CCGeeks

[chAI bigger than AI @ChaarBucks]

What. Is. This. Even. Goosebumps from the word go.

[Fortune India @FortuneIndia]

🧳🌍 Gen Z is reshaping travel in India! Cleartrip’s report reveals their love for solo trips, offbeat destinations, and personalised experiences.

For more news & updates, visit 🔗https://t.co/UDb3zKdxz0

#GenZ #Travel #SoloTravel #TravelTrends #Cleartrip #IndianTourism

[Chandra R. Srikanth @chandrarsrikant]

Pahalgam attack
Bengaluru stadium stampede
Mumbai local train tragedy
Air India horrific crash in Ahmedabad
It's been a terrible 2025 so far and we desperately need a boring news cycle

[chAI bigger than AI @ChaarBucks]

Truly, Royally Challenged Bangalore @BangaloreMirror

[Hamsaveni.N @Hamsaa04]

#BengaluruRains East Bengluru continues to suffer with every single rain.
This is 📍Panathur-Balagere (behind Outer Ring Road)
VC: Shared by a local resident

[chAI bigger than AI @ChaarBucks]

You deserve better than justifying your actions to us who have nothing better to do than judge people 🙏

[Manchester United @ManUtd]

This football club.