February 2024 – Page 24

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.

The digital shift: Personalisation driving sports fan engagement in India

eferred interface for sports content consumption shifts to digital platforms in India, the path to success for sports organisations lies in personalised experiences grounded in first-party fan data. (Image sourced via X)

As per a YouGov report in 2023, 47 percent of engaged fans in India actively use social media for consuming sports content, surpassing the global average of 33 percent.

India to be the third largest economy by 2027 with $5 tn GDP: Jefferies

India is also now the fifth largest equity market in the world and the market cap will likely touch $10 trillion by 2030, said Jefferies. (Image source: Moneycontrol)

India has a consistent history of growing at 10-12 percent in USD terms over the last 10 and 20 years, as per reports.

MIB’s Anurag Thakur to launch various online portals for RNI and CBC

Thakur shared, “We should all keep sports at the forefront. It’s a soft power."

Union Minister of I&B Anurag Thakur will launch online portals of the Central Bureau of Communication (CBC), Registrar of Newspapers of India (RNI) and New Media Wing and Digital Addressable System (DAS) today.

Rural demand fails to rise for FMCG sector despite falling commodity prices and strong GDP

FMCG companies had expected a revival in rural consumption, as commodity prices began to cool off in 2023. Photo by Daria Volkova on Unsplash)

Low incomes due to erratic rains and low savings due to the pandemic continued to weigh on rural demand recovery.

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.

Month: February 2024