Quantum Brief – Page 32

Turkey’s Zen Diamond to enter the Indian market

Additionally, the brand plans to establish stores across tier 1, tier 2, and tier 3 markets, as per reports. (Image source: Facebook)

The Turkish diamond jewellery brand plans to launch chain stores in key cities across India.

Add to cart: Is Flipkart buying Dunzo?

Cash-strapped Dunzo is also backed by Alphabet's Google. In October 2023, Quick commerce platform Dunzo’s co-founder Dalvir Suri quit the company at a time when the startup was facing a funding crunch, delayed payments to employees and layoffs. (Image source: Unsplash and Justdial)

While talks are still ongoing, complexities surrounding Dunzo’s ownership structure are posing a challenge for the two parties to come to an understanding over a deal, reports indicate.

Mahindra’s Classic Legends, maker of Jawa, plans to take BSA bikes deeper into the UK

Mahindra & Mahindra (M&M) announced on December 13, 2023, that, in collaboration with external investors, it will infuse Rs 875 crore into Classic Legends Pvt Ltd (CLPL). (Representative Image: Guruprasath Chandrasekaran via Unsplash)

Classic Legends is the owner of brands such as Jawa, Yezdi, and BSA, operating in India’s rapidly expanding premium motorcycle segment.

Amazon targets value-seeking Indian consumers with new vertical, Bazaar

The World Trade Centre, which has served as Amazon India’s headquarters since the company’s inception, houses 18 of its 30 floors, accommodating around 5,300 employees.

Amazon Bazaar has started on-boarding sellers, asking them to list unbranded fashion and lifestyle products.

Zee Entertainment faces fresh woes as SEBI uncovers $240 million discrepancy

The market regulator has highlighted that the allegations in the July 2022 show-cause notice will be subsumed with the findings of the further investigation carried out by SEBI.

As per reports, this figure is roughly ten times larger than SEBI’s initial estimates, raising concerns about financial irregularities within Zee.

Yum Restaurants may sell entire stake in Devyani International for Rs 815 crore

As of December 30, Yum Restaurants India held 5 crore shares in Devyani International. Yum Restaurants India had bought a 4.41 percent stake in Devyani International in September 2021 after which it had maintained its stake in the company. (Image source: YouTube)

Devyani International is the largest franchisee for Yum Brands which operates KFC, Pizza Hut, and Taco Bell in India and the sole franchisee for Costa Coffee.

Walmart International’s ad business grows 76 percent led by Flipkart and Mexico business

Walmart's rollback aligns with heightened scrutiny of corporate DEI initiatives following the U.S. Supreme Court's 2023 decision to strike down affirmative action in college admissions.

Walmart has also crossed $100 billion in global e-commerce sales for the first time.

Mother’s Recipe revamps its ‘Ready to Cook’ product packaging

The redesigned packaging specifies the cooking time for each food variant. The one-step cooking method is illustrated visually on the front bottom of the pack - simply take the pack, add water, and vegetables/paneer/chicken as desired.

The revised packaging features bright background colours in a matte finish, with green for all vegetarian variants, pink for all non- vegetarian variants, yellow for regional variants, and purple for seafood variants.

Doctors dedicating over 2-3 hours daily to digital engagement on platforms: Mirum Health report

One of the key highlights of the report is the growing trend of telemedicine and virtual consultations. These digital avenues have not only revolutionized patient care but also opened up new opportunities for HCPs to build thought leadership in their respective fields. (Image source: Unsplash)

With a focus on the online behaviour of Healthcare Professionals (HCPs), the report reveals how digital innovation is shaping thought leadership and transforming the traditional paths to purchase in the healthcare industry.

Airline brand IndiGo calls for a creative pitch, Wunderman Thompson is the incumbent

IndiGo reported a total income of INR 177.6 billion, a net increase of 14.6% as compared to the same period last year. (Image source: CNBC-TV18)

WPP-owned Wunderman Thompson India, which was recently merged with VMLY&R to create VML India, is the incumbent agency.