Reliance Consumer Products Ltd – Acquires SIL FoodÂ
In a major move to expand his business empire, Mukesh Ambani, the richest man in Asia, acquired SIL Food India under its RCPL (Reliance Consumer Products Ltd). The acquisition will not involve the company’s manufacturing facilities. Before RCPL acquired SIL, its owner was Food Service India. SIL Food India is a packaged food brand that…
CaaS: The Future of Compliance in a Regulated World
In 2022, Freetrade, a London-based investment platform, faced a daunting regulatory audit under the EU government’s General Data Protection Regulations. The fintech did not have a dedicated team to take care of compliances, which meant that they could face hefty fines and potential reputational damage. This is when Freetrade turned to a Compliance-as-a-service provider and…
Reliance Launches JioCoin To Enter The Crypto World
Recently, JioSphere users started to notice the addition of JioCoin, a crypto token listed on the Polygon crypto platform and built on Ethereum Layer 2. The JioCoin token appears on Android and iOS devices; however, the company has not officially announced the cryptocurrency. The Ambani-led Reliance shares, “JioCoins are blockchain-based reward tokens that users can…
Can Culture Create Commerce?
In recent years, the GCC countries have increasingly recognised the role of cultural diplomacy as a strategic tool to strengthen their international business relations. This shift is not merely about soft power; it reflects a deep and broad understanding of how cultural engagement can foster trade and investment. Historically, GCC countries have relied on oil…
RBI Injects ₹40,000 Cr Into The Indian Banking System
The Indian banking system recently experienced a liquidity deficit of ₹2 lakh crore, with an average deficit of ₹1.5 lakh crore as of January, the RBI data shows. To address this deficit, the Reserve Bank of India injected around ₹40,000 crore into the banking system. The RBI used bids worth ₹30,760 from the overnight variable…
India’s GDP Expected To Grow At 6.4% In The FY25
On January 7, 2025, the centre released estimates for India’s GDP (Gross Domestic Product) growth rate in the current fiscal year. According to this estimation, the country’s GDP is predicted to grow at 6.4% in the fiscal year 2024-25, marking a four-year low and a sharp decline from 8.2% in FY24. A recent report from…
A Clever Play: Crafting Lasting Impressions from Fleeting Moments
Attracting the right audience for your business now requires a perfect symmetry between art and science. Traditional marketing efforts that prioritise long-term brand building, loyalty, and consistency have their place in the current scenario, but ephemeral marketing has taken the world by storm. According to the GWI, ephemeral content consumers average 4.4 devices each, surpassing…
4 Of Top 10 Firms’ Mcap Dropped By Rs 96,606 Crore
Among India’s top 10 most valued firms, the Mcap of 4 firms, namely Tata Consultancy Services, HDFC Bank, ICICI Bank, and SBI declined by Rs 96,605.66. Among these companies, HDFC witnessed the sharpest loss, with its valuation dropping by Rs 37,025.46 to Rs 13,37,919.84 crore. The value of ICICI dropped by Rs 29,324.55 crore, and…
SEBI Rejects ZEE’s Punit Goenka’s Settlement Offer
The market regulator SEBI (Security and Exchange Board of India) rejected the settlement application of Zee Entertainment Enterprises CEO Punit Goenka. It released an adjudication order on Thursday, Jan 2, 2025, stating that a new SCN (Show-Cause Notice) will be issued. The regulator previously issued an SCN on July 6, 2022, to entities following allegations…
Brilliance at 10: The Story of a 162-IQ Wonder
At just 10 years old, Krish Arora, an Indian-British boy from Hounslow, has achieved what many could only dream of: a remarkable IQ score of 162. This feat, which surpasses the IQ of some of history’s most brilliant minds, including Albert Einstein and Stephen Hawking, has brought global attention to the young prodigy and his…
