Category: How it Works

Kellogg’s Gary Pilnick’s ‘cereals for dinner’ statement sparks controversy

Carl Quintanilla, the host of CNBC, asked Gary Pilnick if encouragement to consider cereal for dinner could ‘land the wrong way’. He was quick to add that ‘In fact, it’s landing really well right now’, stated a media report.

Gary Pilnick added to CNBC’s Carl Quintanilla that the price of a bowl of cereal with milk and fruit costs less than a dollar, in response to the rising food prices that have left consumers concerned.

Patanjali Foods shares fell over 3 percent; despite ‘no threat’ assurance following SC crackdown on Patanjali Ayurved

At the April 10 hearing, the Supreme Court also rejected the second affidavit of apology submitted by Patanjali and the bench warned them to be ready to face action in the contempt case. Justice Kohli said, "Why should we not treat your apology with the same disdain as shown to the court undertaking? We are not convinced..." (Image source: Moneycontrol)

An apex court bench had issued a show-cause notice to Patanjali Ayurved, co-founded by yoga guru Ramdev, and managing director Balakrishna for going back on their promise to not make “misleading claims” in advertisements for its medicines.

Layoffs: Bumble to cut 350 roles

Bumble competes with Match Group, whose target audience are young users. In a post earnings call, Jones highlighted that Bumble would relaunch its eponymous app. The company would also revamp its premium plus offering, stated an ET report. (Image source: Bumble)

It is expected that the company will incur about $20 million to $25 million in one-time charges through the layoff process.

RK Swamy’s price band for IPO set between Rs 270 – Rs 288 a share

The funds will be used to continue deepening SingleInterface's portfolio of hyperlocal marketing, engagement, and commerce products, particularly around advanced audience segmentation and personalized re-engagement. It also plans to use the capital to build its portfolio of AI-driven products. (Representative Image: markus Winkler via Unsplash)

On the upper band price, the total size of the issue will be at Rs 423 crore and the total market capitalisation of RK Swamy Limited is at Rs 1,450 crore.

AI-led disinformation, Elections: Meta to set up a task force to combat misinformation

Meta also rolled out reels on Facebook in 2022, allowing users to create and watch videos clips from creators. One could also view public reels from Instagram, if the creator chooses to recommend it on Facebook. (Image source: Unsplash)

Meta has also launched a safety campaign ‘Know What’s Real’, in India, to tackle the issue of misinformation online.

Sony to lay off 900 PlayStation employees: Reports

In January 2024, the two-year long saga of the Zee and Sony merger ended with the collapse of the $10 billion media merger, triggering legal actions from both parties on various issues including merger termination fees. (Image source: Unsplash)

Impacted employees will be provided severance benefits, said CEO Jim Ryan in an internal mail announcing the development.

Patanjali Foods on Supreme Court ad ban: ‘SC observations won’t affect business operations’

The Centre's affidavit also highlights facets of the existing policies that promote an integrative healthcare system with integration of both Ayush and allopathy.

“The entire country is being taken for a ride” and the government is “sitting with its eyes closed”, said Justice Ahsanuddin Amanullah, as the Supreme Court issued a show-cause notice to Patanjali Ayurved for going back on its promise to not make misleading claims in its medicine ads.

DPIIT’s Rajesh Kumar Singh: This year we will most likely be granting one lakh plus patents

Rajesh Kumar Singh, secretary, Department for Promotion Of Industry And Internal Trade (DPIIT), Ministry Of Commerce And Industry, Government Of India spoke of two sets of funding windows: the Seed Fund Scheme for early stage start-ups, and the Fund Scheme which is channelized through the Small Industry Development Bank of India (SIDBI) that leverages about Rs. 10,000 crores of government funding to various alternative investment funds (AIFs), to support startups that are already established.

At the India Digital Summit (IDS) 2024, Rajesh Kumar Singh, secretary, Department for Promotion Of Industry And Internal Trade (DPIIT), Ministry Of Commerce And Industry, Government Of India in a fireside chat with Prateek Maheshwari, co-chair, India Edtech Consortium and Co-founder, Physics Wallah, touched upon the government’s investment in digital and physical infrastructure, their plans to boost investments in the startup ecosystem and a lot more.

IBDF forms task force to evaluate ‘Indian Socio-economic Classification System’ : Reports

As per sources close to the development although TAM has applied for the license, it is unlikely that any permissions will be granted or considered before the conclusion of the Lok Sabha elections in June 2024. (Image source: Unsplash)

Broadcasters are reportedly concerned about the potential impact of ISEC on their audience measurement and targeting strategies.