Month: January 2024

Nike and Tiger Woods part ways after 27 years

Nike remained a supporter of Tiger Woods throughout the company’s partnership with the golfer, most notably in 2009 when his career was upended by the sex scandal that shattered his clean-cut image.

Tiger Woods, a 15-time Major winner, had previously signed a 10-year, $200 million contract with Nike in 2013, contributing to an estimated total payment of $500 million from the sportswear giant.

Simplilearn reports 50 percent YoY growth; losses down from 35 percent to 29 percent

Contrary to some assumptions, the majority of traffic to MFA sites is legitimate, with real users visiting these pages rather than bots. (Representative Image: Mathieu Stern via Unsplash)

In the current fiscal year, Simplilearn has acquired Fullstack Academy, a U.S.-based bootcamp education company. Lt had a fundraising round from a consortium led by GSV Ventures, a venture capital firm.

Bricks vs Clicks: Why physical retail isn’t going away anytime soon

As the most populated country in the world with an average age of 28 (relative to 48, 38, and 37 in Japan, US, and China, respectively), India is primed for growth in shopping in physical stores. (Representative Image: Mike Petrucci via Unsplash)

In emerging markets, the growth of online sales has not led to a decline in the number of physical stores. Indian retail chains, after two years of the pandemic, made a spectacular comeback in 2022. One of India’s largest retailers, D-Mart, added 50 new stores and planned to add another 135 in FY 2023-24.

EaseMyTrip suspends Maldives bookings, Vistara to monitor demand as celebs hail Lakshadweep tourism

The sudden rage and #BoycottMaldives trend on X came after three deputy ministers from the Maldives criticised Modi for his post on 'X' following his visit to Lakshadweep, inferring that it was an attempt to project the Union Territory as an alternative tourist destination to the Maldives.(Representative Image: Mike Swigunski via Unsplash)

India-Maldives row: Not just Indians, even travel firms are suspending some Maldives operations as a ‘social media tourism war’ blows out of proportion.

Arindam Roychowdhury joins Younion as vice president – strategic growth

To expand into new markets, Arindam Roychowdhury's role will include responsibilities such as conducting market research, leveraging existing client relationships, and exploring strategic collaborations.

In his new role as VP of strategic growth at Younion, Arindam Roychowdhury will help Younion in developing growth strategies, identifying and creating strong opportunity pipelines, and fostering robust client relationships.

Zomato stalls integration of Blinkit to build super brands

On February 11, it was reported that in Q3 FY24, Blinkit clocked in a revenue of Rs 644 crore as opposed to Rs 505 crore in Q2 FY24.In FY22, Blinkit registered an operating revenue of Rs 236 crore and its net loss was Rs 1,021 crore, as highlighted by PrivateCircle Research, cited in a Moneycontrol report. (Image source: CNBCTV18)

Zomato’s strategy is to develop Blinkit as an independent brand.

‘Sexist’ and ‘Regionalist’: Indira’s Rasam Paste’s OOH ad sparks controversy

The ad featured a line that read, “Wife North Indianaaa?” (Translated to - is your wife North Indian?) The ad insinuated that women from North India can’t make rasam. (Representative image by Alp Ancel via Unsplash)

The ad featured a line that read, “Wife North Indianaaa?” (Translated to – is your wife North Indian?) The ad insinuated that women from North India can’t make rasam.