Jubilant FoodWorks Coca Cola Deal On May 1, 2025, the CCI greenlit Jubilant Beverages’ acquisition of a 40% stake in Hindustan Coca-Cola Holdings, valued at Rs 12,500 crore. This strategic move by Jubilant Bhartia Group, parent of Jubilant FoodWorks, enhances its foothold in India’s beverage sector. Hindustan Coca-Cola Beverages, Coca-Cola’s key bottler, posted Rs 14,021…

Fastener Fair India Boosts Networking Set for May 8-10 at Bombay Exhibition Centre, Mumbai, the event will connect industry professionals in fasteners and hardware. Featuring the new India Hardware segment, it showcases advanced tools and technologies, driven by Make in India. Expect live demos, product launches, and networking with global leaders in automotive and construction…

IKEA New Stores Open in Bengaluru IKEA India opened its first Plan and Order Point in Bengaluru’s Whitefield on April 30, 2025, targeting east Bengaluru. This 740-sqm store offers kitchen and bedroom planning, complementing larger stores in Hyderabad, Bengaluru, and Mumbai. Construction progresses for mega stores in Gurugram and Noida, with plans for Pune and…

Zomato 15 Minute Food Delivery Fails Zomato shut down its 15-minute food delivery service, Quick, and Everyday in May 2025, just four months after launch, due to poor customer experience, low demand, and unprofitability. CEO Deepinder Goyal noted restaurant density and kitchen infrastructure couldn’t support 10-minute deliveries. The company aims to optimize 20-25 minute deliveries…

Indusind Bank Scam Concerns IndusInd Bank faces scrutiny after a Rs 1,959.98 crore derivatives discrepancy and micro-finance issues, leading to the resignations of Deputy CEO Arun Khurana and CEO Sumant Kathpalia in April 2025. The bank’s Q4 FY25 saw a 5.2% drop in advances and flat deposits. A new leadership team is crucial to restore…

Gold Legal Tender in Utah Utah’s new law lets vendors accept gold and silver as legal tender, expanding 2011 reforms. The state can pay vendors in metals through a tax-free digital system using real-time market prices. Unlike a gold standard’s fixed rates, this relies on fluctuating values, and taxes still require dollars. While some see…

Why Did IndusInd Bank CEO Sumant Kathpalia Resign? IndusInd Bank CEO Sumant Kathpalia resigned on April 29, 2025, taking moral responsibility for discrepancies in the bank’s derivatives portfolio. The resignation, effective at the close of business hours, follows the exit of Deputy CEO Arun Khurana a day earlier. Kathpalia acknowledged acts of commission and omission…

Zensar Tech Share Price Target: Cautious Outlook Amid Growth Zensar Tech’s share price rose 3.88% to Rs 749 on April 29, 2025, with a market cap of Rs 16,375 crore. The company reported a strong FY25 with 5.1% revenue growth in constant currency and a record $775 million in order inflows, up 11% YoY. Q4…

What Changes with Ather Energy IPO for Hero Motocorp? The Ather Energy IPO, currently open as of April 29, 2025, will see Hero Motocorp relinquish its special rights. Hero, holding a 37.2% stake, currently enjoys privileges like board observer rights and access to sensitive information. However, SEBI regulations mandate these rights terminate post-listing to ensure…

The Ministries of Environment and Power have directed the CPCB to evaluate the relevance of FGD (Flue Gas Desulfurisation) systems in Indian coal-fired thermal power plants. This follows a joint meeting where studies by IIT Delhi, CSIR-NEERI, and the National Institute of Advanced Studies, Bengaluru, recommended against FGD installation. The reports cite low sulphur content…