WHIZZ Marketing (2024)

30/09/2020

Happy World Translation Day!

09/09/2020

7 Indian - Americans on Forbes' list of 400 richest people in US
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07/09/2020

Vodafone Idea Launches unified brand 'VI'
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02/09/2020

Flipkart Wholesale, the digital B2B marketplace of e-commerce major Flipkart Group, on Wednesday launched digital platform for kiranas, local MSMEs with an aim to connect local manufacturers with retailers and bring the entire wholesale marketplace at their fingertips using technology.
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31/08/2020

Covid-19 pain: India's GDP contracts by record 23.9% in Q1
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31/08/2020

A huge loss, Pranab Mukherjee, former President, passes away at 84.
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29/08/2020

Reliance Retail Ventures Ltd. (RRVL) will acquire Future Group’s retail, wholesale, logistics and warehousing businesses for ₹24,713 crore, the Reliance Industries subsidiary said in a release.
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29/08/2020

Suresh Raina pulls out of IPL 2020 due to 'Personal Reasons'
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28/08/2020

Flipkart signs MoU with Assam Govt to Promote Local Handloom Textiles
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28/08/2020

Students cannot be promoted without final year exams': SC approves UGC guidelines
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28/08/2020

Delhi High Court stays insolvency case against Anil Ambani
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27/08/2020

Walmart says it’s partnering with Microsoft on a potential TikTok deal. The retailer is pitching the partnership as a way for it to expand its advertising business and grow its third-party marketplace
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27/08/2020

Amazon opens its largest office building globally in Hyderabad
Its largest campus building anywhere globally which can seat 15,000 people.
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27/08/2020

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26/08/2020

Congratulations VK18!
Virat Kohli becomes 1st Asian celebrity to cross 75 million followers mark on Instagram
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26/08/2020

Tata Group chairman N Chandrasekaran said the company was targeting to reduce its debt to near-zero levels in three years
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26/08/2020

Sun TV's promoters Kalanithi Maran and his wife Kavery Kalanithi Maran continued to be the highest paid executives in the country in 2019-20. The couple took Rs 175 crore in 2019-20.

Kalanithi Maran, who founded the company in 1993, is the executive chairman of Sun TV, while his wife Kavery Kalanithi is the executive director. The couple took a salary of Rs 13.87 crore and Rs 73.63 crore as ex-gratia/ bonus each in 2019-20, aggregating to Rs 87.50 crore each.

The owners had decided to keep their salaries at the current level three years ago.
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26/08/2020

*Godrej to drop the word ‘fair’ from its soap range*
Godrej Consumer Products Ltd (GCPL ), India’s second-largest soap maker, will drop the word “fair" from its range of soaps, tracking companies globally that have taken similar steps amid consumer complaints over racial stereotyping and calls for more inclusive products.

GCPL sells the FairGlow brand of soap under its hygiene category that includes soaps, hand washes and wipes, and it contributes 26% of GCPL’s global business.

“We didn’t invest behind FairGlow or we moved away from that brand with the very reason that other companies are doing that now," Nisaba Godrej, executive chairperson and managing director, GCPL, told analysts after the company’s first quarter earnings on 4 August.

“It’s a minuscule brand for us and we’re actually sort of changing the name. I think it’s the right thing for the consumer, for us. All consumer product companies are now really doing this," she added.
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26/08/2020

Ola Electric, the unicorn subsidiary of ride-hailing giant Ola, is charting out a new roadmap for growth.
Ola co-founder Bhavish Aggarwal in an email to employees said that the company plans to hire 2000 people – 1,000 engineers globally over the next quarter and another 1,000 people across other functions. Ola, in the US, had set up an advanced technology center in 2019 which housed engineers who worked on the next-generation technologies in mobility.
The news comes at a time when many of Ola Electric’s top bosses have quit, the most recent one being its co-founder Ankit Jain.

Meanwhile, Aggarwal also said that an employee referral program will be floated soon. In his email, he also spoke of an organizational restructure, which would include streamlined KRAs, KPIs, and reporting lines to enable “more systematic and structured cross-functional work across the lifecycle of product development.”
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25/08/2020

Punjab National Bank Ltd. (PNB) has informed the Ministry of Corporate Affairs (MCA) which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries. Upon liquidation of the debtors’ assets by the US Chapter 11 Trustee, a sum of $ 11.04 million (equivalent of Rs. 82.66 crore) is available for distribution to unsecured creditors including PNB, an official statement from the corporate affairs (MCA) ministry said.
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25/08/2020

Ab kokila toh gussa hogi he na!!
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25/08/2020

The Adani Group is in talks to acquire the GVK group’s stake in Mumbai International Airport Ltd (MIAL), PTI reported on Monday.

The group controlled by billionaire Gautam Adani plans to acquire the 50.5 % stake held by the GVK Group in MIAL and a further 23.5% from GVK’s minority partners—Airports Company South Africa (ACSA) and the Bidvest group, giving it majority control of the second-busiest airport in the country, according to the report. The remaining 26% stake is held by state-run Airports Authority of India (AAI).
Initial talks between the two business groups have begun and a preliminary announcement regarding the deal is expected to be made in the coming weeks, according to PTI.

The Adani Group had in March 2019 agreed to buy South African company Bidvest’s 13.5% stake in MIAL for ₹1,248 crore, indicating its interest in running the airport. GVK, however, blocked the deal claiming the right of first refusal, although it was not able to exercise the right by making a matching offer.
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25/08/2020

Kalyan Jewellers India Ltd, one of the biggest gold retailers in the country, on Monday filed the draft prospectus for its initial public offering, which will see the company and its shareholders sell shares worth ₹1,750 crore.

The company plans to raise ₹1,000 crore by selling new shares to fund business growth, while its promoter T.S. Kalyanaraman and private equity firm Warburg Pincus plan to sell shares worth ₹250 crore and ₹500 crore, respectively.

The fresh capital to be raised from the IPO will go towards funding working capital requirements and other general corporate purposes, the company said in its prospectus filed with markets regulator Securities and Exchange Board of India (Sebi).

Warburg Pincus, which holds a 24% stake in Kalyan, has so far invested ₹1,700 crore in the jeweller. Warburg first invested in Kalyan Jewellers in 2014, writing a ₹1,200 crore cheque. In 2017, the PE investor committed ₹500 crore more.
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25/08/2020

Existing investor Vy Capital has picked up employee stock options (Esops) worth about $5 million (about Rs 37 crore) in Urban Company through a secondary transaction, a senior company executive told ET, as part of the full-stack services marketplace’s third Esop buyback programme in the last three years.

The UAE-based fund, which also counts online food delivery major Zomato, online realty platform NoBroker and rewards and cashback startup MagicPin among its portfolio, has been an investor in the Gurugram-based startup since 2017, having entered the cap table during its Series C funding round. It holds 10.3% stake in Urban Company, according to data collated by industry tracker Tracxn.

According to Urban Company chief executive Abhiraj Singh Bhal, about 183 employees, across designations and roles, were eligible to participate in the latest Esop transaction, of which about 120 people, ranging from call centre executives to senior leadership, took part.

In 2017, Urban Clap, as it was known then, had undertaken a $1 million Esop sale round, which was followed by a $2.5 million secondary round in December 2018. That coincided with the company’s primary fundraising round, in which it had raised $50 million led by London-based investment firm Steadview Capital.
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23/08/2020

Flipkart has partnered with Nepal’s leading e-commerce firm Sastodeal to sell products from various verticals like baby care & kids, women’s ethnic wear and sports & fitness among others in the neighbouring country.

The Bengaluru headquartered firm said this will be a first-of-its kind partnership with an overseas firm to sell Make in India products. In the first phase, the partnership will see 5000+ products listed on Sastodeal. Earlier, Flipkart-backed online fashion marketplace Myntra launched various Indian brands in the UAE by partnering with e-commerce firms noon.com and namshi.com.

In addition to the products manufactured by the Indian MSMes, Flipkart said it will also list its private brands MarQ and Smart Buy on the SastoDeal platform in Nepal with a focus on categories such as electronics, home appliances/home decor and furnishings. Currently there are over 2 lakh sellers listed on the Flipkart platform in India with more than 50% coming from smaller cities of the country.
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23/08/2020

Serum Institute of India, which has partnered with Oxford University to produce covid vaccine, has clarified that Indian government has granted it permission to only manufacture the vaccine and stockpile it for future use. Covishield, the Oxford University-Astra Zeneca vaccine candidate, will be commercialized once trials are proven successful and requisite regulatory approvals are in place, Pune-based Serum Institute has said.
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#2020

22/08/2020

While announcing the limited launch last year, Google said it has partnered 25 companies including Dunzo, Zomato, Swiggy, 24Seven, Ritu Kumar and FabHotels, which have posted listings for positions such as delivery partners, security guards, customer support partners, field sales and marketing executives, etc.
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20/08/2020

National Aeronautics and Space Administration (NASA) has reported a splitting dent in Earth's magnetic field over the southern Atlantic Ocean which can be bad news for satellites.
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20/08/2020

Strong network, Everywhere!
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19/08/2020

Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic.
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🇨🇳

19/08/2020

The round also included contributions from Inventus Capital India and other angel investors including Stanford Angels and Ryan Johnson, a veteran in the earth imaging space, it said in a statement
Indian space-technology startup Pixxel said on Wednesday it has raised $5 million in seed round led by Blume Ventures, growX ventures and Lightspeed India.

The round also included contributions from Inventus Capital India and other angel investors including Stanford Angels and Ryan Johnson, a veteran in the earth imaging space, it said in a statement.

19/08/2020

Oxford candidate the first Covid vaccine likely to be available in India by end of year
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19/08/2020

Bharti Airtel to ditch Huawei and ZTE, May go for Nokia, Ericsson for 5G trials.
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17/08/2020

Mukesh Ambani-controlled Jio has been using RCom’s 800 megahertz spectrum under an asset-sharing agreement since 2016 when Jio launched its operations.
Updated: Aug 17, 2020 05:25 IST
By Ish*ta Guha, Mint New Delhi

KV Vishwanathan counsel for Jio told the Supreme Court on Friday that the company is paying SUC to the government
KV Vishwanathan, counsel for Jio, told the Supreme Court on Friday that the company is paying SUC to the government. (Reuters File Photo )
Reliance Jio Infocomm Ltd is likely to tell the Supreme Court that it is not liable to pay the adjusted gross revenue (AGR) related dues of Reliance Communications Ltd (RCom) despite using its spectrum, two people aware of the matter said, since most of these dues predate Jio’s use of RCom’s spectrum.

On Friday, the Supreme Court added a new dimension to the AGR case by asking whether Jio should pay the dues of bankrupt RCom.

Mukesh Ambani-controlled Jio has been using RCom’s 800 megahertz spectrum under an asset-sharing agreement since 2016 when Jio launched its operations.

However, the AGR dues in question, as calculated by the department of telecommunications (DoT), relate to 2G and 3G business of RCom and Reliance Telecom Ltd (RTL) carried out before 2016, the people cited above said on condition of anonymity. A note in the apex court’s July 20 order says, “Total demands have been calculated generally up to FY17”.

RCom owes Rs 25,199.27 crore in AGR dues, including spectrum usage charge (SUC) and licence fees. Jio, on the other hand, has already cleared its relatively small AGR dues of Rs 195.18 crore in January, complying with the apex court’s October 2019 order.

“The AGR dues of RCom and RTL are in no manner connected with this shared spectrum. The spectrum sharing is fully compliant with DoT rules,” one of the two people said.
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17/08/2020

While companies have been actively looking to diversify supply chains amid the US-China trade tensions and the coronavirus outbreak, it hasn’t yet translated into big gains for India despite the nation making it cheaper for businesses to open shop.
Updated: Aug 17, 2020 07:10 IST
By Bloomberg | Posted by Kanishka Sarkar
India’s latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co. to Apple Inc.’s assembly partners showing interest to invest in the South Asian nation.

Prime Minister Narendra Modi’s government in March announced incentives that make niche firms -- electronics manufacturers -- eligible for a payment of 4%-6% of their incremental sales over the next five years. The result: about two dozen companies pledged $1.5 billion of investments to set up mobile-phone factories in the country.

Besides Samsung, those that have shown interest are Hon Hai Precision Industry Co., known as Foxconn, Wistron Corp. and Pegatron Corp. India has also extended similar incentives to the pharmaceutical sector, and plans to cover more sectors, which may include automobiles, textiles, and food processing under the program.

While companies have been actively looking to diversify supply chains amid the US-China trade tensions and the coronavirus outbreak, it hasn’t yet translated into big gains for India despite the nation making it cheaper for businesses to open shop. Vietnam remains the most favoured destination, followed by Cambodia, Myanmar, Bangladesh and Thailand, according to a recent survey by Standard Chartered Plc.
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16/08/2020

We will miss you & ❤🇮🇳✨
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#2020

15/08/2020

Happy Independence Day 🇮🇳✨
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@ India

14/08/2020

The IPL broadcaster is expecting record viewership this season, keeping the COVID-19 pandemic in mindStar had reportedly generated over Rs 3,000 crore from advertisement revenues from IPL 2019
The Indian Premier League (IPL) Season 13 is set to begin from September 19 and while the franchises' preparations are in full swing, the broadcaster Star Sports also seems to have finalised its advertisement pricing. Despite the entire world being hit by the economic impact of COVID-19 pandemic, Star has reportedly decided against reducing its ad pricing.

As per a report in Rediff, Star will be charging Rs 12.5 lakh for a 10-second ad in the upcoming IPL season. The report claims that Star had generated Rs 3,000 crore from advertisement revenue last year and is hopeful of garnering another extravagant amount this time, eyeing 'record viewership'.
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