Quantum Brief – Page 3

Veedol signs Sourav Ganguly as brand ambassador

Brand Veedol operates in over 70 countries.

Veedol is one of India’s most prominent lubricant brands, with a consolidated revenue from operations of Rs 1931 crore as of 31st March 2024.

WOW Skin Science enters cosmetics category; launches ‘Color Cupid’ for GenZ consumers

The brand will focus on key regions such as East India, Delhi NCR, Punjab, Lucknow, Mumbai, Pune, and Vadodara.

Having understood GenZ’s desire for experimentation & self-discovery, Wow Skin Science collaborated with leading makeup artists to create a range of cosmetics that are versatile and accessible, supporting GenZ in their quest for self-expression.

Microsoft charged with EU antitrust violations

The action taken by the EU was based on a complaint in 2020 by Teams’ rival platform Slack, owned by Salesforce. (image sourced via Forbes)

Microsoft has been charged by EU regulators with antitrust violations for bundling its Teams chat app with Office 365 and Microsoft 365 subscriptions.

Moneycontrol leads with 41.82 mn unique visitors in May, beats Economic Times

Moneycontrol is also leading the race in breaking significant business stories, becoming the top choice of industry leaders from corporate India, the startup world and markets.

Moneycontrol also retained its lead in Page Views in May, at 367 million, significantly ahead of its nearest competitor, Economictimes.com, which recorded 234 million page views in the month.

Paytm partners with Skyscanner, Google Flights, Wego, for global travel partnerships, solutions

In Q4’24, Paytm maintained its upward trajectory in market share among OTAs, with flight bookings showing a notable year-on-year increase of ~19 percent, surpassing the industry’s growth rate of around ~3 percent.

Oracle to exit advertising business says CEO Safra Catz

Catz in his call, did not talk about how the business will be brought to a halt. (Representative Image: Tarik Haiga via Unsplash)

The company’s ad revenue fell to around $300 million in FY24, as per a call between CEO Safra Catz and the company’s investors discussing quarterly earnings.

Infosys ranked as 74th most valuable brand in the world: Kantar report

The astute investments that brand Infosys has made in nurturing sub brands, like Infosys Topaz for generative AI-powered solutions and Infosys Cobalt for enterprise cloud, is paying rich dividends.

Infosys is ranked as #74 most valuable brand in the world and ranked as #20 most valuable global B2B technology brand.

Fin+InsureTech startup Finsall raises Rs. 15 Crore in bridge round led by Unicorn India Ventures and Seafund

The company also aims to utilise the current capital infusion for developing more strategic partnerships with the insurers, intermediaries, and lenders to broaden service offerings and enhance distribution channels.

The funds raised will be used for setting up an NBFC to scale lending operations and deliver more value to its customers in insurance premium financing.

MDH, Everest, among other spices found unfit for consumption in Rajasthan

Additionally, the health department also found that the pesticide and insecticide levels in the spices were much higher than the permissible limits, which were potentially high on the health risk scale. (Representative image by Ratul Ghosh via Unsplash)

Strong action will be taken under the Indian Food Safety and Standards Act, based on orders passed by the state’s health minister Gajendra Singh Khinvsar. This includes immediate confiscation of the deemed unsafe spices.

NCLT approves Air India – Vistara merger

Last year in September, the Competition Commission of India (CCI) had approved the merger between the two airlines. (Images sourced via News18)

The merger will mean that the Air India group becomes India’s largest international carrier, operating more flights internationally than any of its rivals.