Amazon India also reduced selling fees by 3-12% for 59 product sub-categories on the marketplace last week
Author: Mansi Jaswal
Microsoft lays off 650 Xbox employees; cites cost cutting, integration efforts
This would be the third layoff cycle of this year after Microsoft’s Xbox unit cut 1,900 jobs in January, mostly from Activision units and studios.
AI will have profound impact on every industry: Vijay Shekhar Sharma, Paytm
Paytm laid off more than 1,000 employees from its operations, sales, and engineering teams in December after adopting AI in most of the operational work.
Archies to expand online presence through ONDC, FirstCry, and other partnerships
The retail brand is now in talks with BigBasket and Flipkart’s 10-minute delivery service. With established partnerships with major e-commerce platforms like Flipkart, Myntra, and Amazon, Archies has aimed for around 150% growth in FY 2025
Amul wins trademark infringement case against Italian brand Amuleti
Meta Inc. has ordered to block or delete the social media account of Terre primitive for promoting Amuleti.
Ather Energy CEO Tarun Mehta’s annual remuneration rises 36.3% to Rs 3 crore in FY25
Tarun Mehta holds a bachelor’s and master’s degree in technology in engineering design from the Indian Institute of Technology (IIT), Madras under the dual degree programm
Bikaji Foods, Gopal Snacks, Prataap Snacks shares jump after govt slashes GST rates on namkeen
The GST rate of extruded savoury/salted (other than un-fried or un-cooked snack pellets), falling under HS 1905 90 30 has been reduced from 18% to 12%
IPO-bound Ather Energy plans aggressive marketing push to strengthen EV brand
Ather plans to utilize Rs 300 crore of its net proceeds to fund advertising and marketing efforts in the upcoming years
Marico aims to grow food biz at 20-25% CAGR, scale to 2x by FY27
Chairman Harsh Mariwala said with the continued impetus to the 4Ds (Diversification, Distribution, Digital, and Diversity), the company is moving fast toward becoming Marico 3.0
Marico diversifies portfolio, reduces dependence on Bangladesh amid political turmoil
Marico reported an 8.66% rise in net profit to Rs 464 crore between April and June FY25. The company posted a 6.7% increase in revenue from operations to Rs 2,643 crore in the June quarter in FY25