Aditya Birla Fashion Venture will now own 12,225 compulsory convertible preference shares (CCPS), constituting a 32.84% stake in WROGN.
Month: October 2024
Licious revenue dips 8 percent in FY24 amid distribution channel closures
This decline was attributed to the closure of distribution channels like Dunzo and Swiggy Meatstore and a shift in focus towards owned channels.
Prasar Bharati amends Media Internship Policy; media interns intake increased to 250/year
Prasar Bharati announced partial modification of ‘Graduate Media Internship Policy 2020’ on October 15. The intake of media interns has increased to 250 from 50 earlier.
Yes Bank appoints Nirav Dalal as country head – financial markets
In his role, Nirav Dalal will spearhead the Financial Markets vertical at YES Bank encompassing Financial Markets Sales for Wholesale Banking & Retail, Debt Capital Markets, Trading & Primary Dealership, Business Intelligence and Balance Sheet Management Group.
Amazon Prime Video to introduce ads in India from 2025
Prime Video will feature limited advertisements, aiming to offer fewer ads than linear TV, while providing an ad-free upgrade. No changes to Prime membership pricing in 2025.
TRAI urges for structured regulatory regime for OTTs
Telecom Regulatory Authority of India (TRAI) chairman Anil Kumar Lahoti says OTTs should be subject to structured regulations as regulatory issues have been raised by law enforcement agencies and traditional communications providers.
American Universities to set up AVGC institutes in Telangana
There are already about 25 institutions in Hyderabad including one state-run university, offering programs in game development, among other such courses.
Yamaha Motor to strengthen presence in India, eyes global hub status for overseas markets
Eishin Chihana, Chairman of Yamaha Motor India Group, about plans for next 10 years, said, “We have two missions. In Indian domestic market, we will continue to establish and increase our presence. On the other hand, we are aiming to become the global hub factory for the export to the overseas.”
Smytten to turn profitable by FY25-end; seeks fresh funds for offline expansion
The try-and-sample e-commerce start-up Smytten is expecting Series B funding soon to expand its offline presence and technology infrastructure. Having crossed the Rs 100 crore revenue milestone recently, Swagat Sarangi, Co-founder, Smytten and Smytten Pulse, shares the plan to grow at 40% year-on-year for the next three years.
Pokémon Company seeks media, creative agencies in India as it gears up for major expansion
The Pokemon brand is also looking to collaborate with multiple licensing agencies for deeper reach in the country.