Indian television personality and investor Rannvijay Singh recently made a significant financial gain, achieving a 10 times return on his partial exit from his investment in the burger chain, Burger Singh. Rannvijay Singh’s investment in Burger Singh was part of a larger funding round, which was instrumental in the brand’s growth. Speaking about his investment […]
A court in Delhi on January 8 reserved its order on the bail application of Hari Om Rai, the managing director of Lava International, who was arrested in a money laundering case involving Chinese smartphone maker Vivo. Additional Sessions Judge Kiran Gupta has reserved the bail plea order for 12 January after hearing arguments from […]
In a recent development, Damyant Singh Khanoria, Chief Marketing Officer of Oppo India confirmed his departure from the tech giant after a successful stint that spanned over three years. He revealed that he officially moved on from Oppo India about a week ago. Khanoria previously worked with organisations such as Apple and adidas. His journey […]
Flipkart unveils a performance-based job cut strategy, aiming to streamline its workforce by 5-7 per cent. Annual performance reviews will dictate the reductions, expected to conclude by March-April, marking a resurgence in tech layoffs. While this isn’t Flipkart’s first venture into performance-based layoffs, the move aligns with its broader restructuring plans to refine operational efficiency. […]
The Hershey Company appointed Luigi Mirri as general manager of India on January 1, 2024. Mirri served as the general manager of APAC, and now will expand his responsibilities to include India, the company said in a statement issued on Tuesday. He has spearheaded the expansion of the brand footprint in critical markets, such as […]
Nivea India appointed Geetika Mehta as its new managing director, coming from her role as managing director at Hershey India since July 2021. Mehta brings extensive experience from almost twenty years at Hindustan Unilever across various divisions and responsibilities. The company highlighted Mehta’s successful career in the FMCG sector, noting her track record in developing […]
The Patiala House Court on Tuesday extended the Enforcement Directorate custody of three Vivo-India executives by two days. The executives are being investigated for money laundering in connection with the Chinese smartphone maker and others. The three accused, including the interim CEO, were freshly arrested by the Enforcement Directorate (ED) in an ongoing investigation related […]
China has pledged to provide consular protection and assistance to two Chinese employees of smartphone maker Vivo who were recently arrested by Indian authorities. The foreign ministry spokesperson, Mao Ning, emphasised China’s firm support for Chinese companies in safeguarding their lawful rights and interests. He urged India not to discriminate against Chinese companies and expressed […]
DOMS Industries onboarded Saumitra Prasad as its new Chief Marketing Officer (CMO). Prasad shared the news on this LinkedIn post stating, “I’m happy to share that I’m starting a new position as Chief Marketing Officer at DOMS Industries Limited!” His extensive experience in the Fast-Moving Consumer Goods (FMCG) sector spans over 25 years. Before joining […]
Flipkart, the ecommerce marketplace, has unveiled FlipTrends 2023 — a view into India’s online shopping landscape. The FlipTrends Report offers insights into the evolving preferences and behaviour of Indian online shoppers, based on Flipkart’s understanding of over 500 million registered users. Riding the wave of the festive season, consumer sentiment remains positive across the country, […]
