Month: July 2023

Meta inks MoU with Indian govt to partner on AI, emerging technologies

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)

India’s official AI programme and Meta may also consider establishing a Centre of Excellence to nurture the AI startup ecosystem in the country.

India is open to Chinese investments: Rajeev Chandrasekhar

This was followed by similar questions on former American president Donald Trump and President of Ukraine Volodymyr Zelenskyy.

In 2020, over 300 Chinese apps were ban and several electronics companies including Xiaomi, Vivo and Oppo experienced stringent interrogations for their operations in India.

Marico to acquire 58% in plant-based nutrition brand ‘The Plant Fix- Plix’

Talking about Punit Goenka’s role in the new company, the order had said, “That very role in ZEEL is under question and therefore, till the final outcome of the proceedings in the instant matter, it would be appropriate that he is not part of the management of ZEEL or any corporate avatar of it.”

Marico will acquire the remaining stake of 25.25 percent on a fully diluted basis in tranches by May 2025. Currently available as a D2C brand and on third-party e-commerce marketplaces, it plans to ramp up its offline presence over the next few years.

Yardley’s Manish Vyas: If a celebrity is well-known, the brand can spend less on media

Manish Vyas, senior vice president and business head, Yardley India and Thailand highlighted, "The big trend that is happening is consumers moving from unbranded to branded. We are working on the strategy of how to convert from ‘U’ (Unbranded) to ‘Y’ (Yardley)."

Manish Vyas, senior vice president and business head, Yardley India and Thailand threw light on the brand’s successful markets in India, the two different sets of consumers it caters to, his take on Generative AI, and more.

Coca-Cola Q2 Earnings: India emerged as key growth driver in APAC region

The net operating revenue of the company stood at $10,849 million in Q4 FY23, up by 7% from the same quarter previous fiscal when it was $10,125 million. (Representative Image: Soheb Zaidi via Unsplash)

Developing and emerging markets remained even, with growth in India and Brazil offset by the suspension of business in Russia in 2022 and a decline in Pakistan.

MIB urges private satellite TV Channels to fulfill public service broadcasting duties

The four-week rolling average was initially implemented upon the resumption of news genre ratings after a 17-month hiatus prompted by the alleged TRP scam (Representative Image: Jesus Loves Austin Via Unsplash)

The advisory, originally issued on 30.01.2023, aimed to guide broadcasters on content, accounting, reporting, and identification of PSB Obligations.

Myntra to cut 50 jobs as part of restructuring as it shifts focus on private labels strategy

The company has been increasing its play in the fashion and beauty space over the past one year, to take on competition from the likes of Reliance’s Ajio and Tata Cliq.(Image sourced from Moneycontrol)

The layoff round will impact roles across verticals. However, staff in the in-house brands vertical would be most affected, sources said.