February 2024 – Page 69

Ayodhya welcomes KFC with caveat: No chicken, just finger-lickin’ vegetarian goodness

Food and beverages led ad volumes at 15 percent, followed by services at 14 percent and building, industrial and land materials or equipment at 13 percent. (Image source: Moneycontrol)

KFC has currently set up on the Ayodhya-Lucknow highway because of the restrictions. Vishal Singh, government official in Ayodhya said that KFC too will be provided a space in Ayodhya if it decides to sell only vegetarian items.

Disney India’s cricket World Cup nightmare: A financial fairytale gone wrong

The operating loss saw a 144 percent surge compared to the previous year (Image source: Moneycontrol)

The company clocked operating loss to the tune of $315 million for the quarter ending December 2023. The loss can be attributed mainly to the elevated expenses linked with airing the high stake tournament.

Publicis expects organic net revenue grow to 5 percent in 2024; anticipates cuts in traditional marketing

The group will put aside between 700 million and 800 million euros this year for potential mergers and acquisitions to boost its data, tech and AI capabilities, it said. Another 200 million will be earmarked for a planned share buyback.

For the first quarter, the maker of marketing campaigns for the likes of L’Oréal or Walmart anticipates an organic growth within the full-year range.

SoftBank India portfolio valued at nearly $14 billion; Flipkart among top 15 most valued portfolio companies

Notably, the average transaction size for mass-market and mass-affluent products jumped by 11 percent and 12 percent respectively on match days in host cities. (Representative Image: Mathieu Stern via Unsplash)

SoftBank also made full exits from Policybazaar and Zomato. It also exited PhonePe which was part of a dividend payout from the Flipkart investment.

Etihad Airways signs deal with IPL team Chennai Super Kings to become the principal sponsor

Amid the prolonged funding winter gripping the sector, startups have been forced to slash marketing budgets and are viewing IPL sponsorships with caution. (Image source: @IPL via X)

Etihad Airways will also provide exclusive deals to the fans of the five-time IPL champion team, along with covering CSK’s events and platforms.

Parliamentary Committee asks government for comprehensive act to regulate cable TV industry

Experts urge Nepal to take decisive steps to curb malpractices and ensure the fair payment of subscription fees to foreign broadcasters. (Representative Image: Piotr Cichosz via Unsplash)

According to the panel, one of the biggest concerns of the cable TV industry has been pricing of channels by broadcasters and the negative impact on the cable tv industry.

BCCI sets Rs 2,700 crore base price for IPL associate and special partner slots

Currently, the brand is present across 120+ cities in India..(Image source: @IPL via X)

According to reports, as outlined in the request for quotation (RFQ) document, each of the six associate partner slots carries a base price of Rs 65 crore per year for 74 matches

Modi family inheritance dispute: Samir Modi wishes to keep ownership of flagship company Godfrey Philips

According to sources, the trust deed proposed that KK Modi's wife and three children share the inheritance equally.(Image sourced via Forbes India)

Bina Modi, the current CEO of Godfrey Phillips, is at the center of the dispute, with Samir alleging that she has taken control of the company in violation of the trust deed’s provisions.

Aviation passenger traffic recovered to 96 percent during 2022-23

Most individuals have expressed a preference for shorter vacations during festive season.

In the last twelve months, two greenfield airports namely, Rajkot in Gujarat and Shivamogga in Karnataka have been operationalised. In addition, new terminals buildings at Trichy, Ayodhya, Surat, Chennai, Tezu, Kanpur and Port Blair airports have been developed.

200 percent increase in smart home devices connected to Alexa in India in the last three years

Smart home brands in India have been innovating to launch locally relevant smart devices such as tube lights, ceiling fans, IR blasters, and smart strips that cater to Indian home environments.

With a rise in connected devices in last three years, there is also a 100% increase in requests to Alexa for controlling compatible smart home appliances such as smart lights, plugs, fans, TVs, security cameras, ACs, water heaters, and air purifiers.