Author: Indrani Bose

HC upholds anti-profiteering clause in GST law; setback for HUL, ITC, Reckitt, Nestle and others

According to the government, the provisions were meant for consumer welfare and essentially created a substantive restriction on suppliers appropriating the gains from GST. (Image source: Moneycontrol)

The list of petitioners included FMCG players ranging from Reckitt Benckiser to Hindustan Unilever, ITC, Nestle, P&G and Patanjali in along with Philips, Samsonite, Samsung, Starbucks, J&J and multiple builders and restaurants.

Vodafone Idea narrows Q3 losses to Rs 6,986 crore

The company is in discussion with various technology partners for finalisation of its 5G rollout strategy and is working with many partners to develop 5G use cases relevant to the Indian market and build device ecosystems. (Image source: Moneycontrol)

The 4G subscriber base continued to grow for the tenth successive quarter and stood at 125.6 million as of December 31, 2023, against 121.6 million in Q3FY23, an addition of 4.1 million 4G subscribers.

Marico records 11.82 percent spike (YoY) on advertisements and sales promotion

In Q3FY24, Marico’s India business also posted volume growth of 2 percent, which dipped sequentially primarily due to a stock reduction undertaken across key portfolios as a part of the aforesaid initiatives to support the company’s GT channel partners(. Representative Image: Franki Chamaki via Unsplash)

Value-Added Hair Oils grew by 3 percent in value terms amid slower rural demand, Saffola Edible Oils registered a mid-single digit volume decline.

Byju’s approves rights issue to raise $200 million from existing investors

The issue will happen at a post-money valuation of $225 million, which is 99 percent lower than the company's last funding round which happened at a valuation of $22 billion, (Image source: Moneycontrol)

Byju’s has reduced the monthly burn rate of its core business to Rs 50 crore and aims to achieve operational break-even in the next 2-3 months

Dentsu Creative India bags digital mandate for Sony

One of the categories in the awards will be directed at those who have helped spread the country’s soft power and culture internationally.  (Representational image via Unsplash by Danny Howe)

Dentsu Creative India will leverage its client-centric approach and expertise in marketing tech consultancy to deliver a blend of digital strategy, creative excellence, and data-driven insights.