 "Candytoy Corporate partners with Reliance Retail, expanding candy toy supply to 1,400 stores, poised for rapid growth and potential IPO.")
Candytoy Corporate, a prominent manufacturer of candy toys based in Indore, has teamed up with Reliance Retail to supply confectionery toys across 1,400 of its stores. The partnership, recently initiated, aims to have at least 200 stores operational by Diwali, generating a revenue run rate of Rs 2 crore per month. The company specializes in ...
 "The tragic death of EY employee Anna Sebastian Perayil sparks urgent reforms on work-life balance in India’s corporate sector.")
The tragic death of 26-year-old EY employee Anna Sebastian Perayil due to work pressure has sparked a significant conversation about work-life balance in India’s corporate sector. Following her death, major firms like Deloitte, EY, PwC, and KPMG are implementing new employee-friendly policies to address mental health issues and improve work conditions. Deloitte has formed a ...
 "IBBI’s new amendment enhances creditor representation, empowering homebuyers and large creditor groups in India’s corporate insolvency process.")
The Insolvency and Bankruptcy Board of India (IBBI) has updated the rules for the Corporate Insolvency Resolution Process (CIRP) to improve how creditors are represented during insolvency cases. The new regulations, effective from September 24, 2024, introduce the role of an interim representative. This person will step in to represent a group of creditors while ...
The central government has asked Tamil Nadu Chief Minister M.K. Stalin to step in and help resolve the ongoing workers’ strike at Samsung Electronics’ Sriperumbudur plant. This comes after 17 days of striking by workers, with the company urging them to return to work and offering to negotiate directly with employees instead of through unions. ...
 "Tragic death of auditor Anna Perayil sparks investigation into exploitative work conditions at EY India, highlighting disturbing corporate culture concerns.")
The Indian government has launched a detailed investigation into the allegations made by Anna Sebastian Perayil’s mother regarding an exploitative work environment at EY India. Anna, a member of the audit team in Pune, tragically passed away in July. Her mother, Anita Augustine, claimed that the intense work stress contributed to her death. Minister of ...
 "Bob Iger and Bob Chapek’s intense power struggle at Disney unfolded amid corporate tension, leading to Chapek’s unexpected ousting.")
Disney’s CEO Bob Iger recently praised his predecessor Bob Chapek, stating they worked together well, though he quickly shifted the credit to their senior management team. This references their tense relationship during Chapek’s leadership, which began amid the chaos of the COVID-19 pandemic. Iger’s abrupt exit stirred conflicts about who Chapek should report to, contributing ...
 "Corporate elites, drawn to the costly allure of padel and pickleball, are transforming India’s athletic landscape amidst luxury and competition.")
Padel and pickleball are gaining popularity among India’s corporate elite, but they come with a hefty price tag. For instance, a high-quality pickleball racquet can cost as much as Rs 45,000, and building a court may set you back over Rs 10 lakh. This trend is highlighted by the presence of a padel court on ...
 "Google faces a dramatic antitrust trial as the DOJ challenges its advertising dominance, potentially leading to a corporate breakup.")
Google is set to face a second antitrust trial as the U.S. Department of Justice challenges the company’s advertising practices, claiming they harm news publishers. This trial follows a prior victory for the Justice Department, which found that Google illegally monopolized online search. The upcoming case will focus on Google’s advertising technology that connects website ...
