Business

19 Jul

Network18 media Q1 results: net profit down 26%

Priyanka BhowmickBUSINESS, IndiaBusiness, india

Network 18's TV news business grew 26% in revenue in the first quarter of the current fiscal year, the company said in its financial report. The company registered a revenue of Rs 337 crore in the quarter, compared to Rs 266 crore for the same period last fiscal. “The network's revenue grew 26% in the quarter, driven by strong growth in advertising revenue. Strong viewership gains are based on ad revenue growth that the network has achieved over the past year, which has helped improve certain channel values. Genre decreases while network ad inventory increases. The network also saw strong…

18 Jul

Nandani Creation appoints Madhuri Dixit as brand ambassador

Priyanka BhowmickBusiness, BUSINESS, Entertainment, IndiaBusiness, Entertainment, india

Nandani Creations Limited, a Jaipur-based women's Indian apparel, has announced the appointment of Madhuri Dixit as brand ambassador to promote the company's brands "Jaipur Kurti" and "Desi Fusion by Jaipur Kurti" through digital media advertising as well as in-store visual branding (electronic and print). As part of this company, Dixit will promote the brand products "Jaipur Kurti" and "Desi Fusion by Jaipur Kurti" to increase the company's reach across the country. Under the branding campaign, the company plans to conduct promotional activities through outdoor marketing, in-store visual branding (electronic and print) and digital media advertising. The company looks forward to…

18 Jul

Bain Capital in advanced negotiations to buy Adani Capital for Rs 1,500 crore

Priyanka BhowmickBusiness, IndiaBusiness, india

Global private equity firm Bain Capital is reportedly in advanced talks to acquire Adani Capital, the shadow banking arm of Gautam Adani's conglomerate, for Rs 1,500 crore, the Economic Times reported. According to sources directly involved, Bain Capital has overtaken Carlyle to emerge as the frontrunner in the acquisition process, as Adani aims to revive its business interests and focus on core infrastructure while conserving cash. Adani Capital, founded seven years ago, is led by Gaurav Gupta, a former Lehman Brothers and Macquarie investment banker who joined the collective in 2016. The management team including Gupta owns about 10 percent…

15 Jul

VLCC ropes in Tamannaah Bhatia as brand ambassador

Priyanka BhowmickBusiness, IndiaBusiness, Entertainment, india

VLCC has roped in Bollywood actress Tamannaah Bhatia to be the brand ambassador for its latest range of facial kits, the brand announced on Friday. The brand operates in beauty and personal care categories such as facial kits, face moisturizers, sun-care, face washes, serums and more. “Our expertise in providing world-class facials is reflected in our range of facial kits that customers love including gold, diamond, anti-tan and more. Facials provide what everyday skin care can't and that's what inspired our new Gold Facial Kit campaign with Tamannaah,” said Puneet Gulati, Group Chief Marketing Officer, VLCC. Bhatia is featured in…

15 Jul

Elon Musk launches xAI to rival OpenAI

Priyanka BhowmickBusiness, IndiaBusiness, india

xAI, Elon Musk's newly formed AI company, has revealed itself with a new website detailing its mission and team at https://x.ai/. Musk tweeted that the company's mission is to "understand reality" without further details or explanation. According to the website, "xAI's goal is to understand the true nature of the universe. The team is led by Elon Musk and includes team members who have worked with other big names in AI, including OpenAI, Google Research, Microsoft Research, and DeepMind (which recently folded into Google). In addition to Musk, the website lists Igor Babushkin, Manuel Kroes, Yuhuai (Tony) Wu, Christian Szedi,…

14 Jul

Wipro pushes salary hikes to Q3

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

Departing from the previous practice of implementing salary hikes in September, Wipro has decided to shift its wage growth cycle to the third quarter of the financial year. The company's management, speaking during a press conference, confirmed that the wage increase will still be provided to workers. According to a report by Moneycontrol, the salary hike issue comes at a critical juncture as companies try to protect their margins and reduce wage bills, with particular concern surrounding Wipro. While Wipro has assured that its margins will remain within comparable ranges, it plans to go ahead with a salary hike in…

14 Jul

Gera Developments announces Superstar ‘Amitabh Bachchan’ as Brand Ambassador

Priyanka BhowmickBusiness, Entertainment, IndiaBusiness, Entertainment, india

Pune-based real estate developer Gera Developments, which has been building homes in Pune for the last 50 years, said on July 13 that it has signed Bollywood actor Amitabh Bachchan as its brand ambassador. "… Amitabh Bachchan has not only reinvented himself to stay relevant but he has also created a personal bond and an emotional appeal with everyone, which is in line with the principles of the Gera brand," the company said in a statement explaining its decision to sign the 80-year-old as its brand ambassador. "We have seen an immediate resonance with Gera's brand, especially as our trend…

13 Jul

TCS announces annual salary increase promotions

Priyanka BhowmickBUSINESS, Business, IndiaBusiness, india

After the end of the first quarter of the financial year 2023-2024, the Tata Group's consultancy arm - Tata Consultancy Services - reported a big profit, even as TCS announced a pay hike for employees after the company's revenue rose 13 percent. After a successful first quarter of the financial year, IT consulting firm TCS reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter at Rs 11,074 crore. Not only a huge increase, but because of the company's success they also promised a raise for their employees. Apart from TCS's net profit, the company's…

12 Jul

Disney explores strategic options for Star India, Hotstar businesses

Priyanka BhowmickBusiness, IndiaBusiness, india

Walt Disney is exploring various strategic options for its Star India business, including a joint venture or potential sale, according to sources familiar with the topic cited by The Wall Street Journal. The company has engaged in discussions with at least one bank to identify growth opportunities for its India business and share some of the associated costs. Although the talks are still at an early stage, it is not yet clear what specific options Disney may pursue for its Indian operations. The conglomerate's India business includes the popular Disney+ Hotstar streaming service and Star India, which came under Disney…

12 Jul

Google Doodle celebrates ‘Pani Puri’ with unique game

Priyanka BhowmickBusiness, IndiaBusiness, india

Call it 'Golgappa', 'Pani Puri' or 'Puchka', this delicious snack is one of India's favorite street foods, loved by all age groups. And today, Google is celebrating its favorite street food with a special interactive doodle game. Google chose this day to celebrate snacks, as on July 12, 2015, a restaurant in Indore, Madhya Pradesh, achieved the world record for serving the most flavored panipuri offering 51 options. Eight years later, Google is celebrating an extraordinary record and giving users the opportunity to play interactive games. Google wrote,'' Today's interactive game Doodle celebrates pani puri — a popular South Asian…