Holi Sale, Digital Monopoly, 5G Telecom, Vedanta, Amul in US, etc.

Vaishali Sharma
March 26, 2024

Record Holi Orders Highlight Quick-Commerce's Rising Dominance"

Holi festival led to record sales on quick-commerce platforms like Blinkit, Zepto, and Swiggy Instamart.
Significant demand for Holi-related items: colours, sweets, water guns, and flowers.
Swiggy Instamart and Zepto set new records with over 700,000 and 600,000 orders, respectively.
Quick-commerce firms are expanding their product ranges, competing with larger e-commerce platforms.
Industry sees a trend of increased sales during festive and special events, indicating broader consumer engagement.
Some delivery challenges noted in Delhi NCR due to the high demand.

Breaking the Digital Monopoly: EU Targets Apple, Google, and Meta in Market Act Probes

The EU is probing Apple, Google, and Meta under the Digital Markets Act for potential breaches.
The DMA, effective from March 7, aims to create a fair competitive environment and enhance user choices.
Companies could face fines up to 10% of global annual turnover for non-compliance.
Investigations will look into Google's Play and Search practices, Apple's App Store and Safari choices, and Meta's 'pay or consent model'.
EU industry chief Thierry Breton emphasizes the urgency and legality of the investigation.
Meta defends its subscription model; Google and Apple assert their compliance with the DMA.
The EU also eyes Apple's new fee structure and Amazon's marketplace ranking practices for further investigation.
The EU targets to conclude these investigations within a year, mandating document retention for ongoing and future probes.

The Monetization Maze of 5G in India's Telecom Sector

Telecom companies in India struggle to monetize 5G despite being the fastest to roll out the technology.
Investments by major telecoms like Reliance Jio and Bharti Airtel amount to $25 billion, with 165 million 5G customers.
Lack of full 5G coverage and compelling use cases impede monetization efforts.
Industry veterans argue that true 5G experience is necessary for monetization, highlighting the need for improved network coverage and innovative applications.
Global trends indicate slow 5G revenue growth, similar to India's experience.
Potential future monetization avenues include 5G-driven fixed wireless access and advanced consumer-oriented applications.

Forecast: Public Banks Could Disburse Dividends Over Rs 15,000 Crore in FY24.
Bharat Biotech's TB Vaccine Enters Adult Clinical Trials in India.
India's Semiconductor Sector: Jaishankar Woos Singapore Investors.
Maruti Suzuki Acquires 6.44% of AI Pioneer Amlgo Labs with Rs 1.99 Crore Investment.
On the Road to 2030: India's Electric Vehicle Sales Goal Hits 30%.
Chinese Firms Set to Surge in India's EV Market, Predicts GTRI.
Vedanta's $6 Billion Investment: Fueling Future Growth.
Fee Revamp: Amazon India Changes Seller Charges Starting April 7.
India's Ready-to-Eat Sector Set for 45% Growth in Five Years.
Amul Set to Enter US Market with Fresh Milk Launch, Says MD Jayen Mehta.
Company Official Declares UP as Crucial for realme India’s Growth.