November 2024 – Page 20

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

In 2024 alone, the company seized and destroyed over 15 million counterfeit products before they could reach customers.

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

Despite being "highly under monetized," the company has managed to grow at an extraordinary rate, recording a 6.3x year-over-year revenue increase.

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.

CRED’s Kunal Shah on how blood of stocks is luring executives to startups

In 2018, Shah launched CRED, a members-only app designed to incentivize timely credit card bill payments through rewards.

While we see all these startups listing, for the first time we see wealth sharing, said Kunal Shah.

Media Dialogues: CXOs on marketing’s measures of excellence and AI impacts

In a conversation with CNBC-TV18, the awards jury—Shailendra Katyal, MD of Lenovo; Deepika Bhan, President of Packaged Foods at Tata Consumer Products; Rohit Bhasin, Head of Propositions, Consumer Bank, and CMO at Kotak Mahindra Bank; and Rohit Dadwal, CEO & Board Member at MMA Global APAC and Global Head of SMARTIES—discussed the essence of marketing excellence and what truly defines it. (From left to right: Deepika Bhan, Rohit Bhasin and Shailendra Katyal)

CCI slaps Rs 213 crore fine on Meta over WhatsApp privacy policy; bars data sharing for ads

The state commission, presided over by President Sushil Kumar and Member Sudha Upadhyay, stated that "WhatsApp is a service provider company" and its provision of services within India means it "cannot be said that this company is a foreign company and the consumer complaint against it is not maintainable." The ruling directly contradicts the district commission's view that WhatsApp users are not consumers of the platform.

CCI has also directed WhatsApp not to share user data collected on its platform with other Meta products or companies for advertising purposes for a period of five years.

Ad war erupts in Maharashtra as Mahayuti, MVA trade barbs on final day of campaigning

A full-page ad by Mahayuti features several newspaper headlines (in English, Hindi and Marathi) listing incidents that took place under the UPA rule, from the 26/11 Mumbai terror attacks to Bombay serial blasts to scam during Covid pandemic. The caption read: “MVA - Say no to Congress”. (Image source: Moneycontrol)

Both parties published hard-hitting newspaper ads targeting each other on the final day of campaigning.