April 2025 – Page 40 – storyboard18

REA India CEO Dhruv Agarwala to step down

Agarwala co-founded PropTiger in 2011 before REA Group acquired a controlling interest in 2020, following its initial investment in 2017.

Agarwala will remain with the business to support the appointment of his successor and ensure a smooth leadership transition before departing. As per the company, a comprehensive process to appoint a new CEO is underway.

Brands that prioritize social impact grow 37% faster in revenue, reveals study

The top citizen brands generated higher consumer purchasing intent, 47% compared to just 18% for poor performing brands.

The study surveyed 7,000 consumers and 230 brand leaders, senior marketers, and investors of blue-chip organisations from the UK, US, South America, Europe, the Middle East and Asia to gauge expectations and perceptions of brands.

Unilever acquires personal care brand Wild

Wild is distributed through direct-to-consumer, digital commerce and retail channels, primarily in the UK, Europe, and the US. The terms of the deal were not disclosed.

Launched in the UK in 2020, Wild is a digitally native brand which has built a consumer base through its direct-to-consumer and retail model, stated the company in its statement.

Schbang MMaximise co-founder Masoom Minawala steps down

Schbang Fluence, led by Divisha Iyer, will oversee the talent representation business.

Schbang’s founder and CEO, Harshil Karia, expressed his gratitude for Minawala’s contributions, highlighting how she helped turn MMaximise into a profitable and impactful platform.

Dabur sees flat Revenue in Q4 amid inflation and weak consumer demand; shares drop 6%

Hajmola under GST scanner: Dabur India faces tax classification dispute

On the international front, Dabur’s key markets in the MENA region, Egypt, and Bangladesh posted strong performances, contributing to robust double-digit growth in constant currency terms.

Ola, Uber, Rapido bike taxi services halted by Karnataka High Court

Rapido, which started in Karnataka, voiced concerns over the impact on its riders and captains.

Hero MotoCorp records 5.9 million sales in FY’25; expands EV and global footprint

The company continued its strong presence in the premium motorcycle segment, selling over 11,000 units of the Harley-Davidson X440 in FY’25.

On the global front, Hero MotoCorp sold 287,429 units in FY’25, reflecting a 43% growth over the previous fiscal year.

ChatGPT data stored outside India, copyright act does not apply in ANI case: OpenAI to Delhi HC

The case stems from ANI's copyright infringement lawsuit, which claims that OpenAI used its content without proper licensing to train ChatGPT, exploiting the agency's work for commercial purposes.

OpenAI tells Delhi High Court that its Large Language Model (LLM) training occurs outside India, arguing it is not liable for copyright infringement under Indian law.

Meta and UFC strike multi-year deal to enhance fan experience

As part of the deal, Meta’s text-based platform, Threads, will serve as the official social media partner of UFC.

While the financial details of the agreement remain undisclosed, the collaboration signals Meta’s deeper push into the sports entertainment space.

OpenAI CEO amazed by India’s AI adoption, calls it ‘incredible to watch’

India has become OpenAI’s second-largest market, with user numbers tripling in the past year.

Altman’s praise comes as OpenAI experiences a surge in users from India, particularly following the viral success of its latest image-generation tool, which transforms photos into Studio Ghibli-style animations.