Disney Star vs. Zee Entertainment: Legal Battle Brewing Over $1.4B Deal?
Disney Star is on the brink of a legal showdown with Zee Entertainment Enterprises after Zee backed out of a $1.4 billion cricket broadcast deal.
The agreement, signed in August 2022, granted Zee the broadcasting rights for ICC Men’s and Under-19 global events for four years. However, Zee’s recent decision to not honor the deal could lead to arbitration or legal proceedings for damages.
This development raises questions about the enforceability of high-stakes media rights agreements and the potential for disputes in the industry.
Adani’s Ambitious Slum Redevelopment Project in Mumbai’s Dharavi
Adani Enterprises is set to embark on a major slum redevelopment project in Mumbai’s Dharavi, one of Asia’s largest slums.
Starting in February, the firm will collect data and biometrics of up to 1 million residents to determine eligibility for free housing in the redeveloped area.
The project, a collaboration with the Maharashtra state government, has faced legal disputes and criticism. The eligibility criteria limit free housing to residents who lived in Dharavi before 2000, raising concerns about relocating ineligible residents and the impact on their livelihoods.
The redevelopment has been criticised by opposition parties, alleging favoritism in the $614 million bid awarded to Adani.
Colgate-Palmolive’s Big Bet on India’s Rural Market
Colgate-Palmolive said it has strong confidence in the Indian market, particularly in rural areas, expecting a significant demand recovery to drive growth.
Colgate-Palmolive expressed optimism for the Indian market during an earnings call. Former CEO Noel Wallace highlighted a strong 9% organic growth, robust pricing, and improved volume in India.
Despite its dominance, oral care consumption in India lags behind other developing markets. Colgate is keen on capitalising on this potential, with strategic initiatives like product innovations and relaunches.
Colgate’s focus extends to improving overall performance through increased consumption frequency and premiumisation. By leveraging science-based innovation, expanding distribution, and utilizing technology, Colgate aims for sustained success in the Indian market. The company remains bullish on India, setting the stage for a promising 2024.
Binny Bansal’s Departure from Flipkart Board Amid New Startup Launch
Binny Bansal, co-founder of Flipkart, has officially resigned from the company’s board, marking a significant transition in his career.
This move comes as he launches a new startup, OppDoor, aimed at aiding e-commerce brands in global expansion. Bansal’s departure from Flipkart’s board represents a major shift in India’s e-commerce industry, signaling the end of an era for the company he helped build into a leading online retailer.
His new venture, OppDoor, reflects the evolving landscape of e-commerce and the opportunities for innovation and growth in the sector.
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