September 2024 – Page 3

X (formerly Twitter) poised to resume operations in Brazil amid legal dispute

In a recent shift, X agreed to comply with some of Brazil's demands by blocking the contentious accounts, paying the fines, and appointing a legal representative within the country. (Image source: The Hill)

Elon Musk’s social networking platform could return to Brazil if it agrees to pay an additional $1.9 million fine, following a legal battle over election misinformation.

X challenges Delhi court order to block Hindutva Watch account

Twitter Communications India also registered a sharp decline in net profit.

Hindutva Watch is a United States-based ‘project’ that claims to document hate crimes against religious minorities in India.

Flipkart’s Big Billion Days: Top metro cities drive demand, tier 2 cities show promise

Flipkart has witnessed more than 20 percent growth for two consecutive years

Shopsy, Flipkart’s hyper-value platform, witnessed a 70 percent rise in customer visits and nearly a three-fold increase in transactions compared to the pre-festive season

Indian Hotels to open 25-30 new properties in FY25, with 112 more in the pipeline: CEO Puneet Chhatwal

"I remain very confident as far as Indian Hotels is concerned. As far as the sector is concerned, there is nothing that tells us that we should not have growth. Now, whether it's a double-digit or a very high single-digit that depends on which portfolio you have, what locations you have, and what kind of brands you have. So, since we operate across the spectrum from Ginger to absolute luxury with Taj, from homestays to home delivery, I think we are very well hedged and our not-like-for-like growth is very high." states Puneet Chhatwal, MD and CEO of Indian Hotels Company. (Image source: Rotary Club of Bombay)

Indian Hotels MD and CEO Puneet Chhatwal stated that while Q2 has been exceptional, the sector’s performance should be viewed across both the first and second quarters, positioning it for strong growth in the first half of FY25.

IPL players to earn Rs 7.5 lakh per game in new match fee structure

The new match fee structure is expected to take effect from the 2025 season, following the decision made at the IPL Governing Council meeting in Bengaluru.

BCCI introduces match fees for IPL players, adding Rs 1.05 crore potential earnings for full-season participation, to be implemented from the 2025 season.

EXCLUSIVE: ‘Tata Group’s StarQuik not in Q-commerce rat race’, says K Radhakrishnan, Co-founder

StarQuik was launched in Gurgaon, in 2014, as GrocerMax by K Radhakrishnan and Gaurav Juneja, it came under Tata’s aegis in 2017, when the latter was looking to enter the e-grocery space.

Star Bazaar, a retail chain owned by Trent Hypermarket Pvt Ltd is a part of the Tata Group. Trent recently announced plans to add 20-25 Star Bazaar stores in FY25, taking the overall footprint to around 90 stores by the end of the year.

Celebrity-led brands in WROGN; faced with lackluster growth, consumer fatigue

While Kay Beauty and HRX have managed to carve out a niche due to their clear brand identity, product quality, and alignment with their celebrity’s personal image, brands like WROGN and Being Human by Salman Khan, have struggled despite initial buzz mostly due to over-saturation, say experts.

It has become table stakes for Bollywood stars to have their own beauty or clothing brand—but audiences are not all impressed at these out of the box-office releases. Lack of authenticity or an overdose? Storyboard18 finds out.

Festive season sales: Meesho Mall sees 45% orders coming from first-time Mall customers

Meesho has over 20 lakh sellers and roughly 12 crore product listings across 30 categories.

Meesho saw an average of 506 kurtis, 376 sarees, and 360 kids’ wear items were sold every minute during its ‘Meesho Mega Blockbuster Sale’.

Commerce Minister urges industry to promote Brand India through focus on quality

Goyal further urged CEOs to focus on increasing domestic value addition in their products to make India self-reliant.

Minister of Commerce and Industry, Piyush Goyal interacted with CEOs of PLI Beneficiary Companies as part of Make in India campaign.

Union Cabinet approves National Centre of Excellence for AVGC; Provisionally named the Indian Institute for Immersive Creators (IIIC)

Movies like Baahubali and RRR have introduced a new vision for portraying historic and fantasy themes in India. According to the FICCI-EY 2024 report, India now boasts the second-largest anime fan base globally and is projected to contribute 60% to the worldwide growth in anime interest in the coming years.

The National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai, will be modeled after the IIMs and IITs.