November 2024 – Page 2

Jasleen Kaur G joins Bata India as Head of Category Marketing

Jasleen Kaur G began her career as a journalist with The Hindu and then joined Canon India as executive - marketing and planning, where she rose to head the company as senior executive - digital marketing and PR.

In her new role, Jasleen Kaur G will be leading the marketing portfolio of brands- Bata, Hush Puppies, Weinbrenner, Bubble Gummers, Nine West, Power, Floatz and North Star.

India’s wearable device market sees 20.7% decline in Q3 2024: Report

The revenue of boAt declined by 5 percent to Rs 3,122 crore in FY 24

boAt remained the top smart wearable company in the country with a 32 percent market share, followed by Noise (11 percent)

Kalyan Jewellers eyes expansion into luxury segments; Lab-grown diamonds see no demand at store level

Kalyan Jewellers also posted a decline in its standalone net profit to Rs 120.25 crore between July and September FY 25.

Kalyan Jewellers ad expenses surged to Rs 91.08 crore in Q2 FY 25 compared to Rs 42.32 crore in the corresponding quarter in FY 24

ZEEL shares jumped 7% on Punit Goenka’s resignation as MD

Punit Goenka had asked ZEEL’s board to relieve him from the position of MD as he wants to ‘focus’ on the operational responsibilities as the chief executive officer.

Meta to challenge CCI fine and cease-and-desist directions in Whatsapp case

The Competition Commission of India (CCI) fined Meta Rs 213.14 crore on November 18 for abusing its dominant position in relation to WhatsApp’s 2021 privacy policy update.

Amazon India to move headquarters in Bengaluru to cut costs; relocation set for 2026

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.

The new office is 15-minute drive from the airport and the relocation is expected to be completed by April 2026.

Perplexity launches new AI-powered shopping assistant amid intense competition in Search

The US-based firm said it will be expanding the Perplexity shopping experience to new markets after its U.S. launch.

VCs, PEs capitalize on D2C skincare, personal care brands amid quick commerce boom

Zepto raised $340 million in August and $665 million in June 2024. (Image: Unsplash)

PEs and VCs are capitalizing on D2C skincare and personal care brands driven by the rapid adoption of quick commerce by Indian consumers. D2C startups have received more than $1 billion of funds in FY 2024-25.

Delhi HC rules in favour of Britannia in trademark infringement case

The court granted Britannia an ex parte ad interim injunction, directing that Desi Bites and its associates cease using the 'GOOD DAY' mark or any similar variations.

Britannia argued that its ‘GOOD DAY’ brand has become synonymous with quality in the bakery and confectionery sector, having gained substantial goodwill and recognition in the Indian market over the years.