Author: News Desk

Adani Wilmar to acquire popular rice brand Kohinoor from McCormick Switzerland GMBH The takeover will give Adani Wilmar an exclusive rights over the brand Kohinoor Basmati rice It will also get rights for the ‘Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio under the Kohinoor Brand umbrella in India “The Kohinoor Brand has a strong brand recall and will help accelerate our leadership position in the Food FMCG category, ” Angshu Mallick, Chief Executive Officer and Managing Director of Adani Wilmar said Mallick believes that the packaged food category is under-penetrated with significant headroom for growth

According to business analysts, there occurs a shift in investment patterns. Their observation suggests that unicorn minters like Tiger Global and SoftBank are shifting their focus back to early-stage funding rounds due to the downturn in the global market and the fall of tech stocks. The Japanese tech investment firm SoftBank registered a record $13 billion loss in FY22. The fair value of some of its companies, including India’s Paytm and Policy Bazaar slipped by more than half during the last quarter of FY22. At the same time, Tiger Global lost two-thirds of its cumulative gains which amounts to $17…

Bollywood actor Katrina kaif’s makeup brand Kay Beauty is expanding its presence to over 100 General Trade beauty stores and leading modern trade across India. Kay Beauty, which was launched in 2019 in partnership with Nykaa, has been receiving feedback for its high-performing, internationally-sourced formulations. As part of the first phase of expansion, the brand found a place in beauty stores across Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Jaipur, Chandigarh, Amritsar, Ludhiana, Lucknow, and Pune. This will ensure its market presence in the North, South, and West regions. According to Katrina Kaif, co-founder of Kay Beauty, her vision is to create…

India’s e-commerce sector is growing rapidly, especially after the outbreak of COVID-19. However, a recent survey by CUTS Institute for Regulation and Competition (CIRC), says that 71 per cent of small sellers are unaware of any government policy that regulates the e-commerce sector. The survey suggests it’s high time to make small sellers aware of the e-commerce landscape, which includes e-commerce onboarding, e-commerce policies in India and their rights. Currently, India has no single piece of legislation to address e-commerce issues. The existing laws are fragmented into different rules, acts, and policies such as the Consumer Protection Act, FDI Laws,…

The Digital University of Kerala (DUK), the United Nations Environment Programme (UNEP), and the World Health Organization (WHO) together will organise a two-week knowledge workshop on the topic ‘integration of digital technologies in disaster preparedness’ from May 16 to 27. The workshop aims to address the digital gap that hinders the broad application of digital technologies in dealing with disasters. Although digital technologies are being used across all walks of human life, the potential of modern technologies is underexploited in disaster management and disaster risk reduction. According to UNEP, the workshop intends to equip government officials, students or anyone who…

These days, social media platforms play a great role in our lives. It is even capable of forming a mass opinion. Although India had executed new IT rules last year to regulate cyberspace, it looks like the government will bring about new strict norms for social media. The reason? Social media is growing day by day, and we need new laws to tackle new challenges. Reports say that the new norms will focus on increasing accountability for the content on social media, ensuring cyber security and protecting personal data. This will dilute the current safe harbour rules that safeguard intermediaries…

The last two years have been good for the Indian startup scenario. The year 2021 witnessed 44 startups entering the unicorn club. In 2022, as of now, 14 startups have become unicorns. However, the scenario is not devoid of controversies. Here are some of the most controversial incidents that shook the Indian startup ecosystem. One of them has been BharatPe ousting its founder Ashneer Grover who allegedly hurled death threats and abuses at a Kotak Bank employee for not securing allocation in Nykaa’s blockbuster IPO. Although Grover took a voluntary leave, he had to resign within two months from the…

The Indian Railways will manufacture the Vande Bharat train wheels at its Bengaluru factory to ensure the timely execution of the project. In the Union Budget 2022-2023, Finance Minister Nirmala Sitharaman announced the development and manufacturing of 400 new Vande Bharat trains in three years. The current target is to introduce 75 trains by August 15, 2023. However, the ongoing war between Ukraine and Russia has delayed the arrival of the wheels from Ukraine, which is the largest hub of wheel manufacturing. India had placed a cumulative order for 36,000 wheels at a cost of USD 16 million. Although the…

Entrepreneur Elon Musk, who recently bought social media platform Twitter Inc for $44 billion, has said that he put the deal ‘temporarily on hold.’ Musk says he is waiting for data on the proportion of Twitter’s fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk told his more than 92 million Twitter followers. Ever since Musk signed the deal, technology stocks have plunged amid investor concerns over inflation and a potential economic slowdown. The spread between the offer price and the value of Twitter shares had…

Technology has a role in almost all areas of our life, be it healthcare, booking, travel or writing. India-based AI startup Scalenut has written a new chapter in this regard with the launch of an AI and NLP-powered platform that allows intelligent content research and compelling content writing in minutes! This AI-powered tool is a good assistant to content creators, marketers, businesses, and anyone who wants to write interesting content. It addresses the $400 billion global content development industry. The technology that comes with the Chrome extension for better productivity and accessibility aims to be a market leader in all…