This week in the business world, significant developments unfolded, painting a dynamic and evolving landscape. The Godrej family is reportedly in talks to split their empire, Nestle India is contemplating a stock split, and Amazon is gearing up to challenge Elon Musk‘s Starlink in India. Meanwhile, Disney is making waves with anticipated revenue from the Cricket World Cup and potential sale of its India assets, and the Tata Group is in talks to buy back a stake in Tata Play. Let's dive into the details of these unfolding stories.
Godrej Family Talks
Godrej Family Empire Split: The prominent Godrej family is reportedly in significant talks to divide their vast empire. The discussions are said to be in the early stages, and details remain under wraps. The family, with a legacy spanning over a century, has diverse interests in sectors including consumer goods, real estate, and agriculture. Read the full article here.
Nestle India’s Move
Nestle Mulls Stock Split: Nestle India has announced its intention to consider a stock split during its upcoming board meeting. This strategic decision aims to increase the number of shares in circulation, making the stock more accessible to a broader range of investors without changing the overall value of their holdings. Read the full article here.
Amazon vs Starlink
Amazon Eyes Starlink Challenge: Amazon is stepping up to challenge Elon Musk’s Starlink in India. The e-commerce giant is on the brink of applying for a satellite communications service operator's licence for its Project Kuiper, aiming to bridge connectivity gaps across the nation. Read the full article here.
Disney’s Cricket and Business Moves
Disney’s Cricket World Cup Score: Disney Star, the official broadcast and digital media rights holder for the ICC Men's World Cup 2023, is projected to hit a revenue home run with a record-breaking ₹4,000 crore in advertising revenue. In another development, Disney is in early-stage negotiations with billionaires like Gautam Adani for the possible sale of its India assets. Read the full article here. Read the full article here.
Tata’s Strategic Buyback
Tata Eyes Stake in Tata Play: The Tata Group is reportedly finalising a deal with Temasek Holdings to buy back its stake in Tata Play. This move could fortify Tata's control over the platform and pave the way for potential international content collaborations. Read the full article here.
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