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Medial • 22d
Top news of the day: 1. Flipkart's Head of Product, Ravi Krishnan, has exited the company after a decade-long tenure, announcing his departure on LinkedIn. 2. Digital lending startup Fibe has promoted Vimal Saboo to CEO of its NBFC arm, EarlySalary Services Private Limited. 3. Adani Group is positioned to acquire Jaiprakash Associates Ltd (JAL), currently undergoing insolvency processes, with a notable bid of INR 12,500 crore, including an upfront payment of INR 8,000 crore. 4. MakeMyTrip has repurchased over 34 million Class B shares from China-based Trip.com, reducing Trip.com's voting power from 45.34% to 16.90%. 5. OYO's European holiday home brand, DanCenter, plans to expand in India by adding 250 vacation homes in FY26, responding to increasing demand for premium, managed vacation homes. 6. Lenskart has strategically invested in Mumbai-based deep-tech startup Ajna Lens, known for AI-powered XR glasses, to bolster innovation in the smart glasses segment. 7. Zomato faces criticism from the National Restaurant Association of India (NRAI) over a new long-distance service fee, which charges restaurants INR 15 for deliveries between 4 to 6 km and INR 25 to INR 35 for longer distances. 8. Info Edge-backed NoPaperForms, the parent company of Meritto, has converted into a public entity and is gearing up for a stock exchange listing soon. 9. BlackBuck's subsidiary, TZF Logistics Solutions Pvt Ltd, has received a prepaid payment instrument (PPI) license from the Reserve Bank of India (RBI). 10. Reliance is transferring its consumer goods business from Reliance Retail Ltd (RRL) to a new entity, New Reliance Consumer Products Ltd (New RCPL), as part of internal restructuring. 11. Yum! Brands Inc is negotiating a merger between its Indian franchisee partners, Devyani International Ltd (DIL) and Sapphire Foods India Ltd, potentially through a share swap deal. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.
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Paytm Cloud Technologies Ltd (PCTL), a subsidiary of fintech major Paytm, has established a wholly owned subsidiary in the United Arab Emirates (UAE). In a regulatory filing, Paytm announced that PCTL’s board has approved an investment of AED 8 mill
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Hindustan Unilever Ltd (HUL), a leading player in the FMCG sector, has announced the completion of its acquisition of a 90.5% stake in Uprising Science Private Ltd, the parent company of D2C personal care brand Minimalist. According to a regulatory
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Zepto streamlines structure ahead of IPO with new marketplace entity Zepto, the quick-commerce unicorn, has set up a new entity, Zepto Marketplace Private Limited, to simplify its operations ahead of its IPO later this year, according to sources f
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The Indian Renewable Energy Development Agency (IREDA) has filed an insolvency petition against BluSmart’s related entity and troubled engineering, procurement and construction (EPC) company Gensol Engineering. In a filing with the exchanges, IREDA
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After the telecom sector through JIO, Reliance Industries is once again shaking another business industry of the soft drink. With the revival of the Campa Cola brand, Reliance Consumer Products Ltd (RCPL) has also made its position in the sector. In
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Reliance & Disney have formally announced their mega merger. Combined Entity's Worth: ₹70,352 Cr The JV has been approved by Competition Commission of India and anti-trust authorities in the EU, China, Turkey, South Korea & Ukraine. The merged ent
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