Kashmeera Sambamurthy – Page 60

Yum Restaurants sells 4.4 percent stake in Devyani International

As of December 30, Yum Restaurants India held 5 crore shares in Devyani International. Yum Restaurants India had bought a 4.41 percent stake in Devyani International in September 2021 after which it had maintained its stake in the company. (Image source: YouTube)

As highlighted by National Stock Exchange (NSE), Yum Restaurants India sold 5,30,83,330 shares, which amounted to its 4.4 per cent stake in Devyani International.

Flipkart Group’s senior vice president Ayyappan R steps down from his position

On February 20, Storyboard18 reported that the former CEO of Cleartrip was expected to leave the firm. During his tenure, Ayyappan was also responsible for overseeing and driving the travel players' brand initiatives.

Ayyappan R was also the chief executive officer of Cleartrip.

Apple appoints Ruchir Dave as the head – audio division

FT carried Apple's statement that said, "This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets,” it said. “If successful, it would hinder our ability to create the kind of technology people expect from Apple — where hardware, software and services intersect. It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology.” (Image source: Unsplash)

Ruchir Dave, currently, is the senior director at the tech giant.

Unilever’s chief brand officer Aline Santos Farhat moves on

As the global head of diversity and inclusion, she led the gender balance agenda within Unilever.

Aline Santos Farhat’s next move is unknown.

US Supreme Court declines VirnetX’s $502.8 million jury verdict against Apple

A ruling is likely to take several years and until then, Apple will have to pay the fine and comply with the EU order.

There was a 14 year long court battle between Apple and VirnetX over the latter’s internet-security patents.

Indonesia govt issues regulations requiring Meta and Alphabet to pay news media for content

The regulation suggests cooperation between digital platforms and media companies could be in the form of paying licences or sharing data of news users. A committee would be formed to ensure digital platforms fulfil their responsibilities to the media companies, it said. (Image source: Unsplash)

The move is aimed at levelling the playing field between the media industry and big tech companies.

FuboTV files antitrust lawsuit against Warner Bros, Fox and Walt Disney

FuboTV also alleged that the media companies charged fees that were as much as 30 to 50 percent higher than the rates they charged other distributors. And, this latest move to launch a sports streamer is to capture the market all for themselves. (Image source: Official website and Sketchfab)

FuboTV went on to state that it was being forced by the media companies to carry ‘dozens of non-sports channels’, as a condition of licensing.

The Body Shop India operations not impacted by UK business restructuring: Quest Retail’s Shriti Malhotra

In February 2024, The Body Shop’s UK business had fallen into administration, putting more than 2,000 jobs and 200 stores at risk. The retailer, owned by private equity firm Aurelius, appointed administrators at FRP Advisory on Tuesday. It said the move was the best way of securing the brand’s future. Aurelius agreed to buy The Body Shop late last year in a deal that valued the retailer at £207 million ($262 million). (Image source: ContactPigeon)

The administrators announced job cuts and store closures in the UK market.

Poonam Pandey: Some people benefited monetarily from my fake-death post

In early February, Pandey’s team announced via Instagram that the actor and model had died of cervical cancer. However, a day later an alive Pandey released a video on Instagram stating that she was fine and the news of her demise was part of a campaign to raise awareness on cervical cancer. The stunt left the internet divided. (Image source: News18)

Indian model and actor Poonam Pandey took to Instagram to explain the effects of the fake-death stunt in early February.

FMCG major ITC looks at purchasing Peak XV’s stake in Prataap Snacks

Network18's Moneycontrol was the first to exclusively report on the promoters of Prataap Snacks Limited (PSL) being in discussions to sell a controlling stake in the listed company.

ITC is evaluating the purchase of Peak XV’s 47 percent stake in homegrown foods major Prataap Snacks.