Business Mavericks

What are your thoughts on this name change? Food-tech giant Zomato announced on Thursday that it will officially change its name to “Eternal,” a move that comes more than two years after the company started using the new name internally. Eternal will comprise four key business segments: Zomato’s food delivery service, Blinkit’s quick-commerce unit, District’s live events business, and Hyperpure’s kitchen supplies unit, the company said. “We thought of publicly renaming the company when something beyond Zomato became a significant driver of our future,” Founder Deepinder Goyal said in a letter to shareholders. “Today, with Blinkit, I feel we are here,” Goyal said. The CEO said that the name change applies solely to the company, not its brand or app. The stock ticker will switch from ZOMATO to ETERNAL, and the corporate website will change from zomato.com to eternal.com. “Our Board has approved this change today and I request our shareholders to also support this change. If and when it is approved, our corporate website will transition from zomato.com to eternal.com. We will also change our stock ticker from ZOMATO to ETERNAL,” he said. This move marks a shift for the food and grocery delivery platform, shifting from investor skepticism over Zomato’s mid-2022 acquisition of Blinkit to growing investor interest in its quick-commerce-driven growth. Follow @mcprimetalks stay updated! #businessowner #indianbusiness #indianstartups #indianeconomy #businessdaily #businessman #BusinessTalk #businessnewsdaily #businessnews

This year, Cadbury 5 Star's Valentine's Week marketing budget is entirely dedicated to this "uncle campaign." To get older couples to go on dates and share their happy Valentine's Day videos on social media, the company would pay them and make the most out of the fun campaign. There are 'uncles' in Cadbury 5 Star's new Valentine's Day campaign, yes, you read correctly. Ogilvy's campaign is based on the observation that once older generations adopt a trend, it tends to lose its appeal.This year, 5 Star is spending all of its marketing funds during Valentine's Week on this "uncle campaign." According to Brand Equity, the company would pay elderly couples to go on dates and post their mushy Valentine's Day videos on social media. Follow @mcprimetalks stay updated! #cadbury #5star #MarketTrends #MarketTrends #valetines #valentinesday #entrepreneurship #businessowner #indianbusiness #indianstartups #indianeconomy #businessdaily #businessman #BusinessTalk #businessnewsdaily #businessnews

Anand Mahindra, the chairman of the Mahindra Group, on July 1 said that if the Mahindra Scorpio had flopped, the board would have fired him. Mahindra said that the Scorpio was a "trusty warhorse" that had always been at his side. He said that if the Scorpio had flopped, the board would have fired him. He also said that he owed his career to the Scorpio. Follow @mcprimetalks stay updated! #businessowner #indianbusiness #indianstartups #indianeconomy #businessdaily #businessman #BusinessTalk #businessnewsdaily #businessnews

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Ashfaque Chunawala's story is a powerful example of courage, determination, and financial discipline. Forced to leave school after Class 10 to support his family, he began his career in 2004, earning a modest Rs 1,500 per month by stacking shelves at a retail store. Today, at 37, he owns a fleet of 400 cabs with an annual turnover of Rs 36 crore. He dreams of expanding his fleet to 500 cabs. Chunawala's journey began with his job as a retail store attendant. His aspirations pushed him to seek better opportunities. Over the next decade, he frequently switched jobs, eventually becoming the manager of an apparel and skincare store. Despite his progress, he felt destined for more, even as financial debts loomed over him. His fortunes changed in 2013 when he saw an advertisement for a new ride-hailing app offering flexible earning opportunities. Seizing the chance, he joined as a part-time driver and acquired a small, affordable car through the company's special program. This marked the beginning of his climb to success. Initially, Chunawala balanced two jobs-driving from 7 am, working at the store, and then driving again at night. With his combined earnings of Rs 35,000 from the store and Rs 15,000 as a driver, he diligently built his savings. His sister played a crucial role by helping him purchase a second car. The increased earnings from both cars enabled him to expand further. Chunawala applied for a Rs 10 lakh bank loan to buy three more cars. He hired additional drivers and steadily grew his business. Instead of settling for his improved circumstances, he invested most of his earnings, after paying off loan EMIs, into expanding his fleet. Using deposits and new bank loans, he built a 400-strong fleet over time. Chunawala's fleet now provides employment and stability to numerous families. He strives to empower his drivers, ensuring they can pursue their dreams without financial barriers. #startups #startupbusiness #startupindia #startupsuccess #entrepreneurship #businessdaily #BusinessTalk #businessnews

Saurabh Munjal stepped away from his family business to chase his own destiny. Desperately searching for a new startup idea, he came across a drink mixed with his cousins, Saurabh Bhutna and Nikhil Doda. the name, Lahori Zeera was a mixture of rock salt (Lahori) and zeera. It was refreshing with an earthy Indian flavour and was non-alcoholic. Munjal realized this was a business opportunity staring him in the face. The three friends set up a humble business in Punjab, in 2017. The response was tremendous. People were looking for a refreshing drink with an Indian taste. In Lahori Zeera, they found it. Today the company sells 20 lakh bottles on their way to a turnover of ₹1000 crore! #lahorizeera #indianbusiness #indianstartups #startupindia #startupculture #businessdaily #businessman

Making another stride towards its strategy of divesting its non-core assets, @paytm’s parent company, One97 Communications, is nearing finalisation of a $250 Mn (around INR 2115 Cr) deal to offload its stake in Japanese digital payments firm PayPay Corporation to SoftBank Group Responding to Inc42’s queries on the development, Paytm said, “We will provide an update through the appropriate stock exchange filing in due course. At this moment, we are not able to offer further comments as we must adhere to the protocols for listed companies.” After this sale, Paytm’s cash reserves are expected to increase from over INR 10,000 Cr to about INR 12,000 Cr. . . . . #paytm #paypay #India #japan #deal

As 2024 comes to a close, audio streaming service Spotify has released its much-anticipated yearly recap of users' listening habits - Spotify Wrapped. The initiative which started as a marketing campaign for the service completed 10 years in 2024. Over time, Spotify Wrapped, which provides users a retrospective look at their listening history through various data points across different formats, has grown into a cultural phenomenon. Users share their own listening activity across social platforms, while artists highlight their yearly performance. . . . #spotify #spotifywrapped2024 #music

Amazon India has reportedly bought a 38.18-acre land parcel in Palava near Mumbai from Lodha Group, listed as Macrotech Developers, for more than INR 450 Cr to build a hyperscale date centre Amazon Data Services India paid more than INR 396 Cr out of the total agreed amount to Macrotech Developers AWS was in discussions to infuse $2 Bn into Telangana to expand its data centre capabilities in the state, in September. . . . #amazon #amazonindia #lodhagroup #datacenter #land

Food tech and grocery delivery major Swiggy is looking at ways to increase the delivery fee charged to customers who place orders on Instamart. . . . . #swiggy #swiggyinstamart #fooddelivery #grocery

Tata Consumer Products sees a "huge opportunity" in the coffee business in India and will focus on scaling up cafes under its joint venture Tata Starbucks, according to its MD & CEO Sunil D'souza. Tata Starbucks, a 50:50 JV between Tata Consumer Products Ltd (TCPL) and Starbucks Corporation which runs Starbucks cafes in India, plans to take the number to 1,000 cafes by FY2027-28. The JV has 457 stores across 70 cities as of the September quarter. . . . #tata #starbucks #starbucksindia #store #coffee