Author: Kashmeera Sambamurthy

Consumer court directs Flipkart to pay 20,000 rupees to a consumer for selling shampoo over MRP

The ongoing round values Flipkart at a premium of around 5-10 percent from its previous valuation. Flipkart was last valued at around $33 billion, after accounting for PhonePe's separation. The Economic Times first reported the development. (Still from an ad)

The court ruled in the consumer’s favour, criticising Flipkart for unfair trade practices.

Dunzo’s woes deepen as November salaries remain unpaid

Moneycontrol had earlier reported that Dunzo was lining up $25-30 million in capital to keep operations afloat, with existing investors likely to put in more money. (Image source: Moneycontrol)

This is despite the company having tied up with OneTap, a revenue financing firm, earlier this year.

Domestic economy is fairly resilient, but exports remain a challenge today: ITC’s Puri

Sanjiv Puri commented on the current status of inflation, stating, "Now we are seeing a situation where commodities are cooling off, but they are still above what they were pre-COVID. A lot of it is related to external factors and the climate emergency, which is also causing its own bit of inflation."

Despite the export hurdles, Sanjiv Puri, Chairman & Managing Director of ITC Ltd, pointed out a shining star in the Indian economy’s performance. “Q2 GDP numbers show our economy’s got game. It’s like a result of the spirit of enterprise here, the fact that people don’t give up, and thanks to some really smart policies over the years,” he says.

United Breweries aims to lead India’s beer boom with entry-level and premium beers

United Breweries shares traded nearly a percent higher at Rs 1,716.65 on BSE at 11:22 am. In the past six months, the firm has given a return of nearly 20% to its investors as against benchmark Sensex which rose more than 10% during the period. (Image source: Moneycontrol)

United Breweries welcomed competition as it helps improve market penetration. He believes the more the number of players entering the beer category, the more people will talk about beer and the category’s penetration will grow.

News18 India’s exit poll coverage tops BARC ratings

BARC data on the assembly elections counting day is slated for release on Thursday, 3rd December 2023, and News18 India stands poised to further solidify its position as the unrivalled leader in viewership and comprehensive coverage.

On the counting day across Rajasthan, Madhya Pradesh, Chhattisgarh, and Telangana, News18 Rajasthan’s live YouTube stream commanded an exceptional 706k concurrent views, setting a new standard for digital engagement.

2023: Top executive movements in marketing

We're witnessing a dual movement of localization and globalization. Brands’ story telling is increasingly incorporating local narratives and ingredients, creating region-specific offerings. (Representative Image:Jacek Dylag via Unsplash)

A recap of CXO moves and marketers who switched jobs in 2023.