Zee denies Sony merger termination

In its suit filed in Delhi Sessions Court, ZEE had argued that the article published on 21st February 2024 by Bloomberg, was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company. (Image source: Moneycontrol)

Zee Entertainment Enterprises issued a denial on the merger’s termination in a regulatory filing.

Emergency cash requirement to Sextortion, match-making site Matrimony launches ‘Safe Matrimony’ campaign to raise awareness about frauds

In the campaign video, Vidya Balan talks about these frauds explaining the importance of being vigilant in the digital world and the methods to stay safe. (Still from the video)

This campaign is an initiative by Matrimony.com to guide customers to stay safe in the digital world and create awareness about safety while using the matchmaking ecosystem.

Mercedes-Benz registers highest ever growth in India, embarks on 30th year of operations

The company plans to double the solar energy capacity at the manufacturing plant and triple the recycling capacity in 2024. (Representative Image: Victor Sutty via Unsplash)

The luxury car maker sold 17,408 vehicles in the calendar year 2023, registering a 10% growth over 2022. This was the best year for the auto major in terms of sales and the best fourth quarter with 4,640 units sold.

FMCG shares take a beating after Q3 business update points to flat sales

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)

Volume projections too, failed to impress. Godrej Consumer Products’ volumes are set to grow in high-single digits in Q3FY24, while Marico’s volumes are expected to grow in low-single digits.

Swiggy Instamart’s vice president Sidharth Satpathy quits

Sidharth Satpathy began his career at HP. He has also worked with companies like Hindustan Coca-Cola Beverages, Johnson & Johnson, Marico and Reckitt Benckiser.

Anirban Roy, who is currently the performance marketing head of Amazon India, will step into Sidharth Satpathy’s shoes.

Bricks vs Clicks: Why physical retail isn’t going away anytime soon

As the most populated country in the world with an average age of 28 (relative to 48, 38, and 37 in Japan, US, and China, respectively), India is primed for growth in shopping in physical stores. (Representative Image: Mike Petrucci via Unsplash)

In emerging markets, the growth of online sales has not led to a decline in the number of physical stores. Indian retail chains, after two years of the pandemic, made a spectacular comeback in 2022. One of India’s largest retailers, D-Mart, added 50 new stores and planned to add another 135 in FY 2023-24.