Court grants
relief to Unilever’s India unit
An Indian court on 6th July directed Emami Ltd. to give a seven day notice
to Hindustan Unilever Ltd. before initiating legal proceedings over the
‘Glow & Handsome’ trademark. Emami has first applied for the
trademarks ‘Glow & Handsome’ and ‘Glow & Lovely’ back in September
2018, but the application for the same was rejected in 2019. The company
however re-applied in June 2020. The court has set 27 July as the next
hearing date.
upGrad looks
to close FY’21 with INR 1200 crore run rate
Higher education is the fastest growing in the edtech sector. upGrad is an
edtech major in the country and has brought on-board more than 100
colleges and universities on their platform. Some of the strategic
initiatives from the company are:
Launching
35 new diverse online programs that the company plans to launch in the
next few months
Their 90
online programs will now have a monthly starting date vs the quarterly
starting date which was followed till now. This is to accommodate the
growing demand
Through
blended online degree programs, they have become the first in India to
enable degree with universities
The company
will target 40 million South Asian population worldwide to increase their
global footprint
upGrad’s Gross Student Revenue will grow to INR 100 crore/month by
September 2020 increasing from INR 50 crore/month. This will then close
at INR 200 crore/month by March ‘21 which will help the company cross the
INR 1200 crore annual run rate by the end of the fiscal year
Yamaha
special finance scheme for frontline Covid-19 warriors
Yamaha has announced a special scheme for the Covid-19 frontline warriors
which will help reduce the EMI for the first 3 months by 50%. This has
been done to provide an attractive and exclusive finance scheme to make it
more convenient for the frontline warriors to purchase their products
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