Mamaearth returns to profitability in Q3
Mamaearth has recovered to profitability in the third quarter of the current year. Though the company had a bumpy start, it appears to have a more favorable outlook going forward.
This comeback is a testament to their adaptability and growth even in difficult times. The news reaffirms that Mamaearth is moving in the right direction.
CampaCola become IPL co-sponsor for Rs 200 cr
Campa Cola signed a deal for ₹200 crore to become one of the co-sponsors of the Indian Premier League (IPL).
It is a significant move for the brand, which is looking to enhance its visibility in one of India’s most viewed cricket tournaments.
millions of viewers, the IPL offers an opportunity for Campa Cola to reach a larger audience through sponsorship.
This deal highlights the brand’s confidence in the league’s popularity and its own growth plans. Campola’s logo will be visible during matches, making it an integral part of the IPL experience this season.
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ITC to acquire MTR Foods for Rs 12,000 cr
Major Indian company, ITC has agreed to acquire MTR Foods for Rs 12,000 crore. This acquisition will boost ITC’s food segment as well.
MTR Foods manufactures ready-to-eat meals and spices. ITC’s acquisition indicates its intent to expand in the rapidly growing food segment.
Both companies will be able to develop each other’s capabilities. The deal is expected to close in the near future, subject to approvals. This lands ITC to lead in foor category, giving it a new direction to grow.
Apple to enter humanoid robots business
Apple is perhaps moving into humanoid robots, a pretty bold new direction for the tech giant. According to sources, the company is investigating the creation of robots that could aid humans in their everyday activities.
Although details are limited at the moment, the move demonstrates Apple’s desire to innovate past smartphones and computers.
This can be a game-changer, combining Apple’s design prowess with cutting-edge robotics. Fans are excited but also wondering how this will integrate into Apple’s ecosystem.
The project is still in the early stages, but it’s definitely apparent that Apple is dreaming big again.
Meta to acquire AI chip startup Furiosa AIa
Meta will acquire Furiosa AI, a startup producing AI chips. The move is intended to strengthen Meta’s ability to build faster and more efficient AI systems.
Furiosa AI’s technology may be able to help Meta enhance its AI tools, which are incorporated into apps ranging from Facebook to Instagram.
The deal underscores Meta’s aggressive push into AI to remain competitive. The precise price is not disclosed but it underscores Meta’s willingness to sink money into emerging technologies. This acquisition may provide Meta with an advantage in race to lead in the AI industry.
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