Dabur will become the spice king by buying Badshah
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Dabur will become the spice king by buying Badshah
The stage is set for a significant takeover of the Indian corporate world. Dabur India has entered into an agreement to buy 51 percent stake in the well-known spice brand Badshah Masala. Dabur India will pay Rs 587.52 crore for 51 percent stake in Badshah Masala. Once this process is completed, Dabur will buy the remaining 49 percent stake and acquire the company. It is believed that this deal will be completed within five years. Dabur will pay a total of Rs 1152 crore to acquire Badshah Masala. Badshah Masala was started in 1958 by Jawaharlal Jamnadas Zaveri. Started by Zaveri from a small unit in Mumbai's Ghatkopar, the company is currently one of the top brands in the spice market in India.
'The Killer', the pioneer of rock and roll music, passes away
American singer Jerry Lee Lewis passed away at the age of 87. Lewis had been ill for a long time. Jerry Lewis, the pioneer of rock and roll music, is considered one of America's greatest musicians. Lewis had such a strong craze among girls that he was called 'The Killer'. A Hollywood film has also been made on his life.
Jerry Lee Lewis also remained in discussion because of his personal life. Lewis was married seven times. There was a lot of controversy when Louis married his 13-year-old cousin Myra. This marriage started their downfall. His shows started getting canceled and he was blacklisted from radio. Myra later became a successful writer.
General Motors ad stopped as Musk took to Twitter
World's top car maker General Motors (YS) has decided to stop paid advertising on Twitter amid debate over the direction Twitter will take after Elon Musk acquires Twitter. General Motors says it will decide whether to advertise after seeing where Elon Musk-led micro-blogging platform Twitter goes.
However, according to business circles, Musk is also a car manufacturer and rival of General Motors. This decision has been taken by General Motors as no one wants to take away the earnings earned by the competitor. There is no exact figure for how many ads General Motors gives to Twitter every year, but the amount is in the millions.
Rishi Sunak's wife Akshata is a failed businesswoman
UK Prime Minister Rishi Sunak's wife Akshata Moot's wealth is currently a hot topic of discussion. Akshata is more dense than King Charles of Britain. Akshata is said to have assets of Rs 6000 crores but interestingly, Akshata is a failure as a businesswoman. Akshata started a fashion design business in the name of Akshata Designs in 2007 but had to close it within three years.
Major among Akshta's assets are Infosys shares that she inherited from her parents. Akshata is also a partner in Catamaran Ventures, UK but the company was founded by her father Narayanamurthy. Akshata's other businesses are franchisees and earn from them.
Zuckerberg's ultimatum, improve performance in 3 months or else
Mark Zuckerberg is upset as Facebook, or Meta as it's new name, declines. Zuckerberg has given all Meta employees a three-month ultimatum. Mark has said that if you want to keep your job, you have to work twice as hard and give 200% of yourself. Mark Zuckerberg has sent a message to all employees that you have three months to prove yourself. Give your 200% effort or quit if you don't like it at all.
Meta's share price has continued to fall and its earnings have also fallen so the mark is under pressure. Mark Zuckerberg is not even among the top ten richest people in the world right now.
The very famous shampoo Dove is cancer-causing
Dove shampoo is used by many people. A chemical element called benzene used in it can cause cancer when mixed with other chemicals. Along with Dove, Unilever's other brands such as Nexus, Subway, Trismi and Tiggy have also been withdrawn. The batch before October-21 has been withdrawn. The Food and Drug Controller announced this. In the past too, the products of the reputed companies have been withdrawn. Johnson & Johnson products have also come under drug control. Unfortunately, there is no data to be found on customers who have used such products.
Hotel contract prices will increase by 15 percent
Contracts for room charges etc. are renewed every year between corporate companies and reputed big hotels. When the representative of the company stays in the hotel, the charge is made as per the contract. The contract which will come into force from 1 January 2023 will see an increase of 15 percent compared to last year. Every year there is usually a five to seven percent increase. Now business boom is emerging. So hospitality business has increased. The companies have stopped getting rooms as per the old contract and the facilities provided in the rooms have also stopped. That is why the prices will increase by 15 percent in the new contract. Which can be called a bullish sign.
A surge in recession was viewed with skepticism
Who knows why, but during the days of Diwali, when the stock market was in the grip of depression, the prices of film production and distribution companies saw an impressive increase of 103 percent. The Bombay Stock Exchange was suspicious of the huge jump in the stocks of Tips film and demanded an explanation from the company. TIPS Company was listed on 6 October 2022. There was a merger of Tips Industry and Tips Film.
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