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Voltas denies reports of Tata considering sale of home appliance business

Voltas reiterated its commitment to the home appliances business and vowed to strengthen its leading position in the sector. Commenting on the news reports causing embarrassment and raising concerns among shareholders and investors, the company said it is initiating steps to address the issue with Bloomberg, seeking clarification. (Image source: Moneycontrol)

The statement released by Voltas expressed strong discontent with the news, labelled it as “totally incorrect and blatantly false,” stressing that there was no factual basis to support the claims made.

Online gaming companies continue to be on India’s radar: Sources

Moving on from taxes and revenues, the report also said that India’s online gamers are expected to grow at a CAGR of 5 percent and reach 53.8 crore by FY28. (Representational image via Unsplash)

The government has identified instances where online gaming companies restructured themselves to evade GST & income tax.

Aim to make Sweet Karam Coffee a global FMCG brand of South India, says CEO

Nalini Parthiban emphasised their growth over the past few years, stating that they now handle approximately 10,000-12,000 monthly orders, primarily through their website and app.

The well-known South Indian snack brand, Sweet Karam Coffee, based in Chennai, has recently secured $1.5 million in funding from Fireside Ventures. These funds will be allocated towards expanding their offline presence, exploring new markets, and fortifying their product range.

AI for all: Creating a safe haven for women

The Ministry of Information Technology is actively working alongside all relevant ministries for the project. (Representative image by Steve Johnson via Unsplash)

Reports from Harvard Business Review have raised an alarming truth: AI can perpetuate gender biases, reflecting our own societal prejudices.

79 percent of Indian businesses to increase investments in advertising and marketing : Amex

This year, 72 percent of Indian businesses are expecting a surge in B2B spending, which is outpacing the global average of 49 percent. (Representative Image: Campaign Creators via Unsplash)

As per a survey commissioned by American Express with the Centre for Economics and Business Research (Cebr), 68 percent Indian businesses expect to spend more on business and professional services for the rest of the year.

FMCG volumes up 8.6% in September quarter, discretionary spending up as inflation eases: NielsenIQ

Foods saw an overall value growth of 7.1%, while volumes for both grew 8.7% each in Q3 of 2022. This growth is primarily driven by products falling under the impulse (like salty snacks, chocolates, and confectionery) and habit-forming (like biscuits, tea, coffee, etc.) categories. (Representative Image: Ananthu Ganesh via Unsplash)

India’s FMCG industry saw an overall growth of 9% in the July to September quarter, with volume growth surpassing price growth for the third quarter in a row.

D2C market bustles after Mamaearth IPO blows the lid off untapped potential

Mamaearth's IPO is not just a milestone for the company itself but a guiding light for the entire D2C sector, illustrating the potential for growth and profitability in this dynamic market. (Representative Image: Markus Winkler via Unsplash)

The D2C sector is abuzz with potential IPOs, with notable companies like FirstCry and Lenskart preparing to go public.

KRAFTON mobile, sales pick up 26 percent QoQ and 9 percent YoY

India's sizable youth population is identified as a driving force behind the gaming sector's growth, with India and China collectively contributing to 50% of the world's data traffic.(Representative Image: Onur Binay via Unsplash)

In India, hosting large-scale Esports competitions and providing localized content helped sales and traffic return to the previous levels while the game has further solidified its position as the most popular game in the Indian market with the steady inflow of new users.

Nykaa Q2 Results: Net profit rises 50 percent led by beauty and personal care business, revenue up 22 percent

During the quarter, the company acquired 100 percent stake in Iluminar Media Private Ltd for a total consideration of ₹29.27 crore. (Image source: Moneycontrol)

The company reported a net profit of ₹7.8 crore for the quarter under review, a 50 percent rise from the year-ago period. Nykaa reported a net profit of ₹5.42 crore in the June quarter.

22 percent spike in ad volumes per match compared to ICC World Cup 2019

From October 5 2023 to October 31, 2023, the tournament clocked a 22 percent growth in the index for average ad volumes per match across the first 31 matches compared to the ICC World Cup 2019. (Image source: Moneycontrol)

As per TAM, Vini Product, Mahindra & Mahindra, FX Mart, Coca Cola India and Hindustan Unilever were top advertisers in the first month of World Cup this year.