December 2024 – Page 7

CCPA imposes penalties on UPSC coaching institutes for misleading ads; order against Vajirao & Reddy Institute, StudyIQ IAS, Edge IAS

According to Section 2(28)(iv) of the Consumer Protection Act, 2019, advertisements that conceal important information are considered misleading.

The CCPA imposed penalties totaling Rs 9 lakh on three coaching institutes, that is Vajirao & Reddy Institute, StudyIQ IAS and Edge IAS, following investigations into false or misleading advertisements.

Quick-commerce 2024 adex wrap: Zepto, Blinkit, Swiggy Instamart spend heavily on advertising

The fastest delivery of the year happened in Kochi, in just 89 seconds for a basket that included nendran bananas and red amaranthus. The distance covered was 180 mts.

Zepto spent Rs 303 crore on advertising in fiscal year 2024. In the previous year, Zepto shelled out Rs 215.82 crore on advertising and promotional activities

Govt mulls reforms to combat unauthorized use of national symbols, including hefty fines, jail terms: Report

The proposed overhaul of these laws comes amid a surge in applications from non-governmental organizations, trade bodies, and private firms seeking permission to use terms like “India,” “Commission,” “Corporation,” and “Bureau” in their names.

Government seeks to tighten penalties for misuse of national emblems, names, and photographs of top leaders, with potential fines of up to Rs 5 lakh and imprisonment, as per media reports.

Godfrey Phillips India appoints Siddharth Chawla as new COO

For the past two years, Chawla has served as the Chief Growth Officer at Pharmarack Technologies

The company’s nomination and remuneration committee approved the appointment, which will take effect from January 7, 2025, or another mutually agreed-upon date.

SMFG infuses Rs 3,000 crore into SMFG India Credit via rights issue

Post this infusion, SMICC’s Capital Adequacy Ratio (CAR) is expected to strengthen further, reinforcing the company’s robust financial foundation.

As of September 30, 2024, SMICC’s Asset Under Management (AUM) stood at Rs 49,800 crore, showcasing a year-on-year growth of 25.1 percent.

IKEA secures interim relief in trademark infringement suit against IKEY

Ikea India's losses increase by 14% to Rs 1,299 crore in FY24

The court has restrained the Indian firm from using ‘IKEY’, ‘IKEY Home Studio’, or any other mark that is deceptively similar to the IKEA trademark

Prasar Bharati’s OTT ‘WAVES’ crosses one million downloads

Most original content and live streaming feature 20-second and 30-second trailers and promos for available shows. Some of the featured show promos on the platform include Battle of Bands, Yatra, and Rangoli.

Launched on November 20 at the 55th International Film Festival of India (IFFI), the pubcaster’s family-friendly OTT platform ‘WAVES’ has crossed more than 1 million downloads.

Delhi HC grants injunction in favour of Unisys against rogue websites streaming content

A suit was filed in the Court seeking a permanent injunction to restrain various websites from engaging in piracy of works of Unisys Infosolutions.

24Seven takes Godfrey Phillips to court over trademark dispute

24Seven sues Godfrey Phillips India

Godfrey ventured into the retail sector in 2005 with 24Seven retail chain . However, the company announced its exit from the convenience store this year due to financial reasons.

2025 – The Year Of…: Strategic pricing, agility, and cost optimization, says Castrol MD Kedar Lele

Kedar Lele, Managing Director – Castrol India Limited

In 2024, brand and marketing initiatives took centre stage, highlighted by Castrol’s association with Shah Rukh Khan as its brand ambassador.