Month: February 2024

Pass or fail? Budget reactions from Haier, Agoda and Kalyan Jewellers

PM Vishwakarma Yojana is playing a critical role in empowering the India’s artisan community. (Image via CNBC TV18)

Krishna Rathi, Country Director India, Sri Lanka, and Maldives Agoda, NS Satish, President, Haier Appliances India and T S Kalyanaraman, Managing Director, Kalyan Jewellers share their views on budget 2024.

Sony unlawfully terminated merger: Zee’s petition to NCLT

The Singapore International Arbitration Center is the first Asian arbitration institution to offer this process and has received over 130 applications since 2010 for the appointment of an Emergency Arbitrator. (Image source: Moneycontrol)

During the NCLT hearings, Zee lawyers are likely to argue if Sony actually had any concerns when SEBI passed the interim order in June 2023. Sony did not reach out to the Zee board nor the NCLT at the time, seeking sanction.

YouTube Music and Premium surpasses 100 million subscribers

YouTube only allow third-party apps to use their API when they follow their 'API Services Terms of Service', and when they find an app that violates these terms, they take appropriate action to protect the platform, creators, and viewers. (Image source: Moneycontrol)

This offering was designed for music lovers and YouTube fans who wanted more choice in how they spent time on YouTube, allowing them to enjoy YouTube without interruptions, background play and downloads, and a full music service with the world’s largest catalog.

Harsh Goenka on FM’s Budget 2024 speech: “Recipe for sukh, shaanti aur aaRAM! Jai shree RAM!”

The budget makes a strong case for environmental sustainability, aligning with our Net Zero commitment. Viability gap funding for investments in renewable energy, green initiatives, and sustainable urban planning demonstrates our proactive stance on climate change. (Image source: Moneycontrol)

“Targeting structural issues of fiscal prudence, infrastructure and inclusion – no dRAMa, no RAMbling, clearly setting the country’s direction for growth,” said Harsh Goenka on Budget 2024 speech by FM Nirmala Sitharaman.

Cadbury-maker Mondelez records rise in fourth quarter sales

The company recorded an overall volume decline of 0.4 pp in the quarter, joining other consumer staples firms such as McCormick in facing the brunt of significant price increases. (Image source: Moneycontrol)

While price hikes have led to Mondelez improve its profit margin through fiscal 2023, it is now starting to see softer demand as cash-strapped consumers cut back spending.

Shilpa Shetty Kundra launches new kids fashion venture Zip Zap Zoom

The venture focuses on offering entertainment friendly clothing made with sustainable materials that provide safety and comfort to the children.

Zip Zap Zoom is a new clothing line for teenagers and the little ones, aiming to reshape the industry combining both Shilpa’s fashion sense, artistic talents and Ashmika’s industry knowledge and entrepreneurial expertise.

Meta’s ad revenue surged 24 percent YoY; touches $38.7 bn in Q4

Facebook daily active users were 2.11 billion on average for December 2023, an increase of 6 percent YoY and monthly active users (MAUs) were 3.07 billion as of December 31, 2023, an increase of 3 percent YoY. (Image sourced from Moneycontrol)

In the fourth quarter of 2023, ad impressions delivered across Meta’s Family of Apps increased by 21 percent YoY and the average price per ad increased by 2 percent YoY.

Big Tech Layoffs: Google spent $700 million in compensating laid-off employees

Financial Times reported on Google’s possible revenue shake-up, stating, "Google is looking at options including adding certain AI-powered search features to its premium subscription services, which already offer access to its new Gemini AI assistant in Gmail and Docs, according to three people with knowledge of its plans." (Representative Image: Brett Jordan via Unsplash)

In early January, Google laid off more than 1000 employees and spent $700 million to compensate the laid-off employees.

Trademark Infringement: Delhi High Court imposes a fine of Rs 50,000 on Raashee Fragrances India

The defendant further stated that the consumers would not get confused and would go by the Hindi meaning of the said two words. (Image source: SmokehouseIndia)

Kamal Kant and Company LLP claim that Rashee Fragrances infringed on their trademark ‘Rajshree’ which had been in usage since 1965 in pan masala and related goods business.