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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.

Popeye’s to be fastest QSR in India to reach Rs. 1000 crore revenue: Jubilant’s Sameer Khetarpal

The company plans to open around 200 new Domino’s stores and an additional 30-35 Popeye’s stores in the coming 18 months. (Representative image by Jonathan MONCK-MASON via Unsplash)

The American fried chicken restaurant chain has 33 stores in 11 cities in India. Sameer Khetarpal, CEO and MD of Jubilant Foodworks, expects the number to reach 100 by next year.

Unilever’s chief brand officer Aline Santos Farhat moves on

As the global head of diversity and inclusion, she led the gender balance agenda within Unilever.

Aline Santos Farhat’s next move is unknown.

US Supreme Court declines VirnetX’s $502.8 million jury verdict against Apple

A ruling is likely to take several years and until then, Apple will have to pay the fine and comply with the EU order.

There was a 14 year long court battle between Apple and VirnetX over the latter’s internet-security patents.

Indonesia govt issues regulations requiring Meta and Alphabet to pay news media for content

The regulation suggests cooperation between digital platforms and media companies could be in the form of paying licences or sharing data of news users. A committee would be formed to ensure digital platforms fulfil their responsibilities to the media companies, it said. (Image source: Unsplash)

The move is aimed at levelling the playing field between the media industry and big tech companies.

FuboTV files antitrust lawsuit against Warner Bros, Fox and Walt Disney

FuboTV also alleged that the media companies charged fees that were as much as 30 to 50 percent higher than the rates they charged other distributors. And, this latest move to launch a sports streamer is to capture the market all for themselves. (Image source: Official website and Sketchfab)

FuboTV went on to state that it was being forced by the media companies to carry ‘dozens of non-sports channels’, as a condition of licensing.

The Body Shop India operations not impacted by UK business restructuring: Quest Retail’s Shriti Malhotra

In February 2024, The Body Shop’s UK business had fallen into administration, putting more than 2,000 jobs and 200 stores at risk. The retailer, owned by private equity firm Aurelius, appointed administrators at FRP Advisory on Tuesday. It said the move was the best way of securing the brand’s future. Aurelius agreed to buy The Body Shop late last year in a deal that valued the retailer at £207 million ($262 million). (Image source: ContactPigeon)

The administrators announced job cuts and store closures in the UK market.