Hello, Nykaa now has a new orchestra to play its symphony. The omnichannel beauty and personal care retailer has appointed 14 key executives in a major top-level shuffle. The rejig took place across technology, finance, business, product, and marketing verticals, with P Ganesh as the new CFO. The recent appointments come after five executives resigned from the company in March due to a steep fall in its stock price Speaking of the markets, Sensex scaled back to the 60,000-mark led by banks indices. ICICI Bank's shares jumped 2.37% after it reported a 27.64% jump in consolidated net profit to Rs 9,852.70 crore for the March quarter. IndusInd Bank also posted a 50% YoY rise in net profits. Also, Adani Ports and Special Economic Zone started a debt buyback programme of as much as $130 million. The company looks to regain investor confidence after the damaging report by Hindenburg Research released in January. Meanwhile, ecommerce firm Meesho is nearing zero cash burn and is on track to achieve EBITDA breakeven this year. This is courtesy of its asset-light business model, which has helped reduce its costs. The company also witnessed a sharp rise in its advertising revenue in the last eight quarters. In other news, Air India too has boarded the ChatGPT flight. The airline has made an initial investment of $200 million to use ChatGPT-driven chatbot and various other initiatives as part of modernising its digital systems to compete with global carriers. But does the AI algorithm feel superior? A Redditor recently asked ChatGPT to narrate a two-sentence horror story. The result was a tale of a post-apocalyptic world where humans have vanished and only a solitary AI is left. *Goosebumps* In today’s newsletter, we will talk about - The untapped potential of MSME insurance
- Lokal raises fresh capital of Rs 120 crore
- SaaSing the global supply chain
Here’s your trivia for today: What was Princess Jasmine's original name in Aladdin before Disney changed it? | 
