Is Ajmera Group behind the Mumbai billboard collapse? | Nepal bans MDH & Everest | Viacom18 - Star India deal: NCLT admits merger scheme
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Is Ajmera Group the brand behind the tragic ad hoarding collapse in Mumbai?
The giant 120 x 120 ft hoarding in Mumbai's Ghatkopar collapsed on Monday evening, resulting in the death of at least 16 people, and more than 70 were injured. While the videos and pictures from the scene didn’t disclose the brand’s name on the hoarding and was claimed to be vacant, a viral video on social media is claiming it to be Ajmera Group.
The real estate company, however, reacted to the viral video and mentioned that the company had only rented the space for five days in April 2023 and it isn't owned or managed by Ajmera Group. "Ajmera Group took this advertisement space on rent for 5 days in April 2023. This space is in no way owned or managed by Ajmera Group or by any of our entities. We regret the loss of life and urge the appropriate authorities to take action on the people responsible," the company wrote on X.
After Hong Kong and Singapore, Nepal bans MDH, Everest
Nepal's Department of Food Technology and Quality Control has banned the import, consumption and sale of two Indian spice brands Everest and MDH as it starts testing for levels of ethylene oxide. Reportedly, the country banned these two spice brands after the news about high levels of ethylene oxide traces in the products.
"Everest and MDH brand spices which are being imported in Nepal have been banned from import. This comes after the news about traces of harmful chemicals in the spices, ban on import was imposed a week earlier and we also have banned the sales of it in the market," Mohan Krishna Maharjan, spokesperson of Nepal's Department of Food Technology and Quality Control told ANI.
Viacom18 - Star India deal: NCLT admits merger scheme
The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT).
In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.
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BARC appoints Dr Bikramjit Chaudhuri as its new chief of measurement science and analytics
Broadcast Audience Research Council (BARC) India has announced the appointment of Dr Bikramjit Chaudhuri as its new Chief of Measurement Science and Analytics.
He?will?succeed Dr?Derrick Gray, a veteran audience measurement and advanced analytics executive, who has been a member of BARC India for six years.
Indian start-ups back Digital Competition Bill, while Big Tech continues to oppose
Nearly 40 Indian start-ups joined forces to pledge support to the draft Digital Competition Bill, yesterday while describing its proposed 'ex-ante' regulations as potential 'game-changer' in tackling the anti-competitive practices of big tech companies.
Prominent names including Matrimony.com, TrulyMadly, Innov8, QuackQuack, Magicbricks, Hoichoi, and Medibuddy wrote to the Ministry of Corporate Affairs (MCA) on the issue. The companies have urged the MCA to move forward with the bill at the earliest even as they accused the big tech players of often indulging in delay tactics.
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