Business

ASCI issues final Guidelines
28 May

ASCI issues final Guidelines

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The Advertising Standards Council of India (ASCI) unveiled the final guidelines for influencer advertising on digital media. The draft guidelines initially were issued in February and feedback from all stakeholders – advertisers, agencies, influencers and consumers – was sought. To ensure a collaborative process and expert inputs, ASCI tied up with Big Bang Social, a leading marketplace for social storytelling, to get India’s leading digital influencers’ views on board. The guidelines will be applicable to commercial messages or advertisements published on or after June 14, 2021. ASCI received feedback from more than 25 different stakeholders over two months. ASCI took…
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Tata group targets on acquiring Curefit.
27 May

Tata group targets on acquiring Curefit.

editor0 CommentsBusiness
With an eye on expanding its online universe, Tata group is now looking to acquire health and fitness startup Curefit, according to a report by Economic Times quoting sources. This comes after the conglomerate acquired majarority stocks in big basket and online pharmacy 1mg. The company which has raised Rs 3,033 crore and is valued at Rs 5,819 crore has had investments from Temasek, Kalaari Capital, Accel and others. This deal would help Tata Group build a salt-steel digital ecosystem of businesses pitting itself against Reliance Industries Ltd and its suite of digital businesses. Tata is also planning to bring on board, founder…
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KFC delivers with 4X Safety Promise
27 May

KFC delivers with 4X Safety Promise

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KFC India has upgraded its standards of safety and hygiene with more focus on Screening, Sanitization, Social Distancing and Contactless service. Ensuring customers have easy access to their hot & fresh KFC favourites, KFC India operates Contactless Delivery & Contactless Takeaway. Customers can visit www.online.kfc.co.in or download the KFC App and get the KFC Bucket. KFC’s 4X Safety Promise: (i) Screening - Regular temperature screening takes place for all team members, including delivery riders. Anyone with symptoms as cold, cough, etc. is encouraged to stay at home until they get better. (ii) Sanitization - Intensified sanitization of all surfaces, including…
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ICICI Pru Life’s ‘Product of the Year 2021’
27 May

ICICI Pru Life’s ‘Product of the Year 2021’

editor0 CommentsBusiness, ,
An innovative retirement solution has been launched by ICICI Prudential Life Insurance by combining two variants of its popular ‘Guaranteed Pension Plan’. It offers a guaranteed return on investments. This solution provides customers with increasing regular income that doubles after five years and triples after the 11th year, thereby shielding them against the rising cost of living. The pandemic has made customers appreciate the importance of financial planning, and this is specially so for life after retirement. The customer-centric retirement or annuity products offered by the Company have enabled it to grow the annuity business segment by 120% in FY2021.…
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Countries to approach tourism post-pandemic: Here are the Countries that are set to reopen
27 May

Countries to approach tourism post-pandemic: Here are the Countries that are set to reopen

editor0 CommentsBusiness, Health, Travel, , , , ,
The rollout of vaccines against COVID-19 is giving government officials in many countries new confidence to welcome visitors. The World Travel & Tourism Council estimates that the sector lost nearly $4.5 trillion and 62 million jobs last year. Airlines alone lost $126 billion last year and are on track to lose another $48 billion this year, according to their largest trade group. “Summer is a strong season for most markets, particularly Europe and the U.K. We really hope to see restrictions ease,” said Virginia Messina, interim leader of the World Travel & Tourism Council. The patchwork of rules around the…
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Fugitive Mehul Choksi captured in Dominica
27 May

Fugitive Mehul Choksi captured in Dominica

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Mehul Choksi’s arrest in Dominica has brought relief to the family, his lawyer Vijay Aggarwal said Thursday. Vijay said the family was relieved the fugitive diamond trader was safe. “Efforts are on to speak to him so that we can know how he was taken to Dominica,” He added Choksi had been missing from his home in Antigua and Barbuda, the Caribbean nation of which he has been a citizen since early 2018. According to sources, Choksi was caught by the local police of Dominica on Wednesday night while trying to flee to Cuba in a boat. Sources said the…
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WhatsApp sues Indian govt, says new media rules mean end to privacy
26 May

WhatsApp sues Indian govt, says new media rules mean end to privacy

editor0 CommentsBusiness, Technology
WhatsApp has filed a lawsuit in the Delhi High Court against the government's new digital rules that take effect today, saying these would compel it to break privacy protections to users.The Facebook-owned messaging service filed its petition on Tuesday against the rules that will require it to "trace" the origin of messages sent on the service, which is says is a violation of privacy. "Requiring messaging apps to 'trace' chats is the equivalent of asking us to keep a fingerprint of every single message sent on WhatsApp, which would break end-to-end encryption and fundamentally undermines people's right to privacy," WhatsApp,…
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Amway organizes virtual sessions encouraging healthier life
26 May

Amway organizes virtual sessions encouraging healthier life

editor0 CommentsBusiness, Health, , ,
Amway India, one of the country’s leading FMCG Direct Selling Companies, kick started the awareness campaign to encourage ‘Health and Hygiene’ practices. Consistently promoting healthy living with a clear focus on supporting immunity through nutrition, Amway took this initiative. The campaign, launched on Amway’s 23rd anniversary in India, aims at spreading awareness on how the right nutrition can help in building a healthy lifestyle. The campaign is being supported through a series of virtual sessions with panels of doctors and nutrition experts. Under the campaign, the doctors and nutrition experts are joining in to provide pertinent information relevant to the…
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Lincoln Pharmaceuticals reports 28.33% rise net profit
26 May

Lincoln Pharmaceuticals reports 28.33% rise net profit

editor0 CommentsBusiness, ,
Lincoln Pharmaceuticals Limited has reported net profit of Rs. 11.85-crore in Q4FY21 as against net profit of Rs. 9.23-crore in the corresponding period last year, growth of 28.33%. Net revenue from operations in Q4FY21 was reported at Rs. 77.54-crore, higher by 3.03% over previous fiscal’s same period net revenue from operations of Rs. 75.26-crore. Company reported EBITDA of Rs. 16.74-crore in Q4FY21, rise of 28.25% as compared to Rs. 13.05-crore in the corresponding period last year. EPS for Q4FY21 was at Rs. 5.92 per share as compared to Rs. 4.62 in the corresponding period last year. Company has recommended dividend…
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Petrol-Diesel prices increase across the country
25 May

Petrol-Diesel prices increase across the country

editor0 CommentsBusiness
The oil marketing companies (OMC) hiked petrol and diesel prices on Tuesday across the country. Petrol price was increased by 23 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers. After today’s hike, petrol prices in Delhi rose to Rs 93.44 per litre against Rs 93.21 on Monday, while diesel price soared to Rs 84.32 per litre as compared to Rs 84.07 a litre on Monday. Rates had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, the price in…
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