Month: January 2025

Harsh Goenka sparks social media debate on Shark Tank India judges’ financial losses

Despite the setbacks, Harsh Goenka made it clear that he remains a fan of the show, writing: "I still love watching #SharkTankIndia. But it seems some of our sharks are still navigating choppy waters🦈. There’s more ‘bleeding’ in the tank than I thought!"

RPG Group chairman shares insights on show’s popularity amid reports of losses by companies owned by Sharks.

Govt directs airlines to cap airfares to Prayagraj for Maha Kumbh

Ticket prices for flights from cities like Mumbai and Ahmedabad remain high, ranging from Rs 40,000 to Rs 50,000 and Rs 31,000 to Rs 70,000, respectively. (Image source: Moneycontrol)

Air India has announced plans to increase its capacity to Prayagraj while IndiGo has reduced airfares by 30-50% across all routes to and from Prayagraj.

Byju’s executive, business partner found in contempt of US court

Bjyu's used to be India's leading online education platform, which valued around $22 billion at its peak. But, the company found itself in trouble with the law and central agencies because of subdued demand and irregularities in foreign investments.

Byju’s Vinay Ravindra and Rajendran Vellapalath failed to answer questions about their roles in stripping software, cash and other assets from Byju’s US businesses.

HUL seeks CCI nod for acquisition of Minimalist

Minimalist has become a Rs 500 crore annual run rate business

The acquisition, valued at Rs 2,670 crore based on a pre-money enterprise valuation of Rs 2,955 crore, was confirmed by HUL after executing a share purchase and subscription agreement with Uprising Science.

Auto sector seeks GST revision, inclusive schemes for EVs, bold incentives from Union Budget 2025

Though the auto sector has seen positive changes, certain shortcomings require the attention of policymakers, say experts. (Image source: Unsplash)

Simplified GST rate structure for automobiles and auto components, reduction of GST on hybrid vehicles, clarity on incentives and schemes are said to augur well for the auto sector and global investments.

Q-Commerce DSPs to dent big tech’s ad revenue in India

Currently, brands allocate approximately 20% of their total revenue to Q-commerce platforms, with some D2C brands dedicating 50–60% of their overall ad budgets to these platforms.

Q-commerce apps like Swiggy Instamart and Zepto are already moving toward building their own Demand-Side Platforms (DSPs). Q-comm ad revenues are expected to surge.

Meta’s AI ambitions soar; Mark Zuckerberg frames 2025 as a pivotal year for AI

The new product enhancements—currently set for global testing with select advertisers—bring a fresh wave of AI-driven optimization to Meta's Ads Manager, promising smarter and more efficient campaign management.

Meta also plans to reduce its workforce by 5%, a move that could affect approximately 3,600 employees, as per reports.