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  • Image thumb ipg begins workforce restructuring in india

    IPG begins workforce restructuring in India

    Ahead of its $13-billion global merger with Omnicom Group, Interpublic Group (IPG) has initiated workforce restructuring in India, impacting corporate functions like finance and HR. While aiming to protect creative teams, consolidation may lead to role redundancies and potential brand divestitures due to client conflicts. IPG Mediabrands India, however, is not currently downsizing.

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  • French luxury group Kering buys sun lens maker Lenti from Italy's Safilo

    Kering Eyewear will acquire Lenti, an Italian sunglass lens maker, from Safilo. This move aims to strengthen Kering's supply chain control. Lenti specializes in lens moulding and surface treatments. The deal follows Kering Eyewear's recent acquisitions of Visard and a stake in Mistral. Safilo has renewed its supply agreement with Kering Eyewear until 2029.

    french luxury group kering buys sun lens maker lenti from italy s safilo
  • Troubled Byju’s Forced to Sell US Assets Epic and Tynker for a Song

    Byju's is divesting its US assets at significantly reduced prices due to creditor pressure amid bankruptcy proceedings. Tynker was sold to CodeHS for $2.2 million, a fraction of the $200 million Byju's paid. TAL Education Group acquired Epic for $95 million, far less than Byju's $500 million investment. Osmo is also up for auction.

    troubled byju s forced to sell us assets epic and tynker for a song
  • ChatGPT faces global outage; India, US most affected

    OpenAI's ChatGPT faced a significant global disruption on Tuesday. Thousands of users across continents, including India and the United States, were unable to access the service. Downdetector reported a surge in complaints, with many users facing unresponsive chatbots and network errors. OpenAI acknowledged the issue, confirming that both ChatGPT and Sora were affected. The company is investigating the problem.

    chatgpt faces global outage india us most affected
  • Siddhesh Pednekar appointed partner and chief operating officer at BombayDC

    Siddhesh Pednekar has been named partner and chief operating officer at BombayDC, acknowledging his ten years of service and significant contributions to the company's growth. In his new role, Pednekar will manage both BombayDC and Branded businesses, leveraging his 15 years of experience in the digital, brand, and marketing sectors. His appointment reflects BombayDC's commitment to promoting leadership from within.

    siddhesh pednekar appointed partner and chief operating officer at bombaydc
  • Meta opening AI lab to build 'Superintelligence'

    Meta has tapped Alexandr Wang, 28, the founder and CEO of AI startup Scale AI, to join the new lab, the people said, and has been in talks to invest billions of dollars in his company as part of a deal that would also bring other Scale AI employees to the company.

    meta opening ai lab to build superintelligence
  • Google offers voluntary exit to US staff, including search and ad teams

    Google has offered voluntary exit packages to US-based staff across several divisions, including knowledge and information (K&I), central engineering, marketing, research, and communications. The K&I unit, which includes search and ads, employs around 20,000 people. This follows recent layoffs in other units such as the global business unit.

    google offers voluntary exit to us staff including search and ad teams
  • TrueAlt gets OMC status, plans 100 retail outlets

    TruAlt Bioenergy gains approval as an oil marketing company. The company plans to launch 100 retail outlets. These outlets will be located in north Karnataka and south Maharashtra. Vijay Nirani shares the company's plan to offer petrol, diesel, E93, bio-CNG, EV charging, and battery swapping. The company sees opportunities in India's ethanol-blended petrol program.

    truealt gets omc status plans 100 retail outlets
  • IPG begins workforce restructuring in India

    Ahead of its $13-billion global merger with Omnicom Group, Interpublic Group (IPG) has initiated workforce restructuring in India, impacting corporate functions like finance and HR. While aiming to protect creative teams, consolidation may lead to role redundancies and potential brand divestitures due to client conflicts. IPG Mediabrands India, however, is not currently downsizing.

    ipg begins workforce restructuring in india
  • Valley Makes Mayday Call as Tourism Tanks

    Tourism in Jammu and Kashmir faces a standstill after the Pahalgam attack. Airlines and hotels request government support to recover. They propose fee waivers and financial relief. Occupancy rates have plummeted, and discounts are offered. Airlines reduced flights to Srinagar. The industry seeks interest waivers on loans and electricity bill relief. The aim is to revive the struggling tourism sector.

    valley makes mayday call as tourism tanks
  • Centre may Crack Down on Dark Side of Qcomm Stores

    The Centre is likely to increase surveillance on rapid delivery services. This action follows rising concerns about hygiene at dark stores. Food and health watchdogs have flagged these issues. The Food Safety and Standards Authority of India will lead the campaign. They plan unscheduled checks at dark stores and storage facilities.

    centre may crack down on dark side of qcomm stores
  • BigBasket to launch 10-minute food delivery across India by March 2026, executive says

    BigBasket, backed by Tata, plans to launch 10-minute food delivery nationwide by fiscal 2026, intensifying competition in the quick-commerce sector. Aiming to rival Swiggy's Snacc and Blinkit's Bistro, BigBasket will leverage its dark stores, increasing them to 1,000-1,200 by 2025. Following a Bengaluru pilot, the service expands to 40 dark stores by July-end, featuring Starbucks and Qmin.

    bigbasket to launch 10 minute food delivery across india by march 2026 executive says
  • Google in Mexico faces major potential fine as antitrust ruling nears

    Mexico's antitrust body will decide soon if Google created an illegal monopoly in digital advertising. Google might face a large fine if found guilty. The investigation started in 2020. Google presented its defense. A ruling against Google would mirror similar legal issues in the United States. The US also alleges Google holds an unlawful monopoly in online search and advertising.

    google in mexico faces major potential fine as antitrust ruling nears
  • Paramount to lay off 3.5% of US staff in latest job cut, memo shows

    Paramount Global is implementing another round of layoffs, impacting 3.5% of its U.S. workforce, as revealed in an internal memo. This decision follows previous cuts and reflects the challenges posed by declining cable TV subscriptions and the shift towards streaming services. The company is also awaiting regulatory approval for its $8.4 billion merger with Skydance Media.

    paramount to lay off 3 5 of us staff in latest job cut memo shows
  • Why tier 2 & tier 3 cities are driving tech sales in India


    A number of factors drive this change—including urbanization, increasing disposable incomes, and rising digital adoption. But there is more to it than meets the eye. The transformation of these markets is not only about numbers, but also about aspirations, accessibility, and shifting lifestyles. Let's see why Tier 2 and Tier 3 cities are quickly becoming the driver of India's consumer tech growth.

    why tier 2 tier 3 cities are driving tech sales in india
  • Apple, Samsung to help India buck global smartphone slowdown: Counterpoint

    India is poised to capture 20% of global smartphone manufacturing by 2025, driven by exports from Apple and Samsung, potentially defying market trends. Ongoing investments and improved domestic capabilities are fueling this growth. While global output may dip slightly due to tariffs, India and Vietnam are expected to benefit as manufacturers diversify away from China.

    apple samsung to help india buck global smartphone slowdown counterpoint
  • Disney to pay almost $439 million to take full control of streaming service Hulu

    Disney will pay NBCUniversal nearly $439 million for its Hulu stake, securing full control after an appraisal process. This acquisition, expected to close by July 24, allows Disney to integrate Hulu's content with Disney+ and ESPN's direct-to-consumer service. Disney CEO Bob Iger expressed satisfaction with the resolution and anticipates an unrivaled value for consumers.

    disney to pay almost 439 million to take full control of streaming service hulu
  • 10-minute delivery boom fuels hyperlocal warehousing surge in urban and tier-2 India

    India's booming quick-commerce is driving unprecedented demand for small, hyperlocal warehouses, converting underutilized urban spaces into micro-fulfillment hubs. This surge is transforming urban logistics, impacting rental dynamics, and expanding into Tier-2 cities. Companies are prioritizing speed and location, leading to innovative real estate repurposing and significant growth in the sector.

    10 minute delivery boom fuels hyperlocal warehousing surge in urban and tier 2 india
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