The deal is subject to regulatory approvals, including clearance from the Competition Commission of India, and is expected to close within nine months.
Author: Yukta Raj
India ranks 51 in digital competitiveness; major challenge being AI’s threat to employment
Singapore was first in this year’s rankings while Switzerland and Denmark were at second and third position, respectively.
India’s sports ecosystem to grow double its GDP at 14% CAGR, reveals Google-Deloitte report
The sports goods and apparel market is expected to double in value to $58 billion by 2030.
CCI plans to approach Supreme Court to resolve legal impasse in Amazon-Flipkart anti-trust case
The CCI is now consulting legal experts on the possibility of having all related cases heard together in the Supreme Court to expedite the investigation.
MCG takes action against 53 advertisers for defaulting on fees
The MCG has also highlighted the enforcement of a strict penalty system under the Haryana Municipal Corporation Advertisement Bye-laws, 2022, which mandates blacklisting of defaulters.
E-commerce recorded $14 billion GMV this festive season, reveals Redseer’s report
The rate of new shopper acquisitions has been slowing down, per-shopper spending increased by 5-6%.
Minister Jayant Chaudhary emphasizes MESC governing council’s role in ‘Skill India to Build India’
Chaudhary discussed the global demand for skilled professionals and how India has an unparalleled opportunity to establish itself as a major talent hub
FSSAI directs e-commerce food operators to ensure minimum shelf life of 45 days
This directive aims to prevent the distribution of expired or near-expiry products and is part of broader efforts to ensure consumer safety and responsible food handling practices.
HCLTech appoints Arjun A. Sethi as Chief Growth Officer for Strategic Segments
Sethi joins HCLTech after a 25-year career at Kearney, where he served as Senior Partner and Vice Chair of Digital Transformation.
NRAI looks for Commercial & Marketing Agencies for Shooting League of India
The League was announced by NRAI in October following unanimous approval by the governing body