COMPETITION
Mumbai woman earns Rs 9.6 lakh by sleeping for 60 days; How Jiniya Chatterjee won a sleep internship
Jiniya Chatterjee, hailing from Mumbai, clinched a remarkable Rs 9.6 lakh prize in the fifth Sleep Internship hosted by Wakefit. With a staggering 2 lakh contenders vying for the title, only 10 participants made it to the finale. They meticulously logged their sleep patterns and tackled innovative weekly tasks. Final challenges included reimagining bedroom layouts and auctioning key sleep products, reinforcing the significance of restful sleep for overall well-being.
The great Indian biscuit battle begins: Can Reliance crack the code?
Reliance Consumer Products Ltd is set to foray into India's competitive biscuit market, with an aim to leverage affordable pricing and a wide variety of products to attract consumers. Industry leaders Britannia and Parle dominate the market, making it challenging for new entrants like Reliance's Independence.
Britannia Industries plans further price hikes amid food inflation impacting margins and boosting rural demand
Britannia Industries is responding to persistent inflation by considering additional price hikes for its products. The company has already raised prices by 3.5% in the September quarter, but this only partially addresses rising costs. Increased competition from companies like Reliance Industries adds pressure on their pricing strategy and market share. Demand is improving, particularly in rural and semi-urban markets, which reflects changing consumption patterns.
UPSC Success Stories: He cracked AIIMS at 16, cleared UPSC at 22, and left IAS at 24 to build a nearly ₹2,000 crore startup
At just 16, Roman Saini achieved a remarkable feat by clearing the AIIMS entrance examination, and later, he conquered the UPSC Civil Services Examination. Along with his co-founders, he launched Unacademy, a platform dedicated to democratizing education. What began as a YouTube channel has transformed into a valuable online learning hub, boasting a valuation of ₹1,700 crore to ₹1,897 crore following its acquisition by upGrad.
Britannia looks beyond biscuits, turns to regional tastes and festive campaigns to drive FMCG growth
Britannia Industries is focusing on localised marketing to resonate with diverse Indian consumer preferences. The company has launched festive campaigns and brand activations targeting specific regional occasions. Britannia reported a year-on-year sales increase of 16.6% to Rs 5,542 crore for the September quarter. Their growth strategy involves expanding beyond traditional biscuits into bakery and adjacency products. The approach aims to sustain competitive growth amid rising competition from smaller local brands.
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
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Mumbai woman wins nearly ₹10 lakh prize and free vacation for sleeping 9 hours for 60 days; check how to apply for next season 6
Jiniya Chatterjee from Mumbai emerged as the winner of the fifth season of Wakefit Sleep Internship. The competition attracted over 2 lakh applications, with ten candidates advancing to the finals after several screenings. The grand finale featured various challenges that assessed contestants on sleep quality and creativity.
UK government announces public interest investigation into Sky deal to takeover ITV's media arm
U.K. Culture Secretary Lisa Nandy plans to intervene in the 1.6 billion-pound deal between Sky and ITV. She aims to introduce new public interest considerations that reflect modern viewing habits. The Competition and Markets Authority will review the takeover for competition concerns. Nandy expects a report addressing media public interest by January 27, which may lead to further investigation. The deal aims to strengthen competition against global streaming companies.
BMW Q3 profit falls 15% as China competition weighs
BMW reported a 15% year-on-year decline in third-quarter net profit to 1.45 billion euros, a day after issuing its second profit warning of 2026. Intensifying competition from Chinese automakers, rising costs and weaker demand in China are weighing on the German luxury carmaker. Its vehicle deliveries in China plunged 24.8% during the quarter, while global deliveries fell 6.3%.
China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
CCI clears KKR's Rs 6,000 crore investment in PETRONAS-backed Gentari Renewables
Global investment firm KKR has received approval from India's Competition Commission to invest in Gentari Renewables India. This clean energy platform is part of Malaysia's PETRONAS group, which focuses on renewable energy projects. KKR plans to invest approximately Rs 6,000 crore in the Indian renewable energy sector. The firm already holds investments in various Indian clean energy companies.
Democrats press to win a majority of governors' offices in midterms after power struggles with Trump
Votes were counted in key gubernatorial races during the midterm elections across several states. Democrats attempted to gain a majority of gubernatorial offices, a goal not achieved in years. Competitive contests took place in various states, reflecting voter discontent over multiple issues. Notable races included those in Texas, Ohio, Georgia, and Iowa, where incumbent governors faced challenges. The outcomes could significantly influence future election administration and political dynamics.
SC to decide forum for Google billing disputes
Questioning the app developers on whether their contracts with Google allowed them to opt out of its payment system and engage other payment service providers, a bench comprising Justices PS Narasimha and Alok Aradhe said that the commission, being a market regulator, ensured that goods and services were distributed effectively without exploitation. But for contracts where there was a promise and agreement in existence, its enforcement could be sought in a civil court only, it said.
Manu Bhaker to contest elections for ISSF Athletes Committee for 2026-2030 term
Manu Bhaker, a celebrated Indian shooter, has been nominated for the ISSF Athletes Committee. Her vision includes enhancing athlete representation and welfare, while ensuring financial security for shooters. Manu aims to address key issues like competition formats and mental health support within the sport. The elections for the committee will occur during two ISSF World Championships in 2026.
India needs three national carriers to compete globally, says Adani Airports CEO
Adani Airports CEO Arun Bansal emphasized the need for three national carriers to cater to India's aviation demands. He stated that strengthening domestic airlines is crucial before embracing more international competition. Passenger traffic is expected to rise, requiring robust airline ecosystems and regulatory changes. Adani Airports plans to invest significantly in infrastructure to support this growth. The company aims to expand its capacity and participate in upcoming airport privatization initiatives.
Chinese yuan set for biggest daily drop in six months after PBOC tightens FX reserves
China's yuan weakened against the US dollar after the PBOC raised the foreign exchange reserve requirement ratio to curb rapid currency appreciation. The move comes amid concerns over export competitiveness and follows strong gains in the yuan during October.
Disney weighs sweeping layoffs, with thousands of jobs at risk as CEO Josh D'Amaro targets 20% cost cuts
Walt Disney is reportedly considering cutting thousands of jobs as part of a cost-saving restructuring initiative. The company's leadership has requested managers to identify 20% in annual cost savings. This decision follows challenges including reduced box office revenue and increased competition in streaming. Disney aims to reallocate some of the savings into film, TV programming, and theme park ventures.
McDonald’s supersizes its north and east India bet to $80 million, even as rising costs squeeze profit
McDonald's India is increasing its investment to approximately $80 million for growth and digitisation over the next two years. Surge in consumer demand and increased competition is prompting expansion. Despite the challenging environment due to inflation, the company aims for profitability while maintaining value for customers. McDonald's India's north and east division expects to achieve revenues of ₹2,000 crore by FY27.
CCI clears Prosus' proposal to acquire stake in Sachin Bansal-led Navi
Competition Commission of India has approved Prosus' acquisition of a stake in Navi Ltd. This move aims to enhance Prosus' position in India's digital financial services market. MIH Payments Holdings BV, part of Prosus, will acquire certain shareholding in the fintech firm. Navi Ltd provides various financial services, including loans, insurance, and digital payments. This investment marks a significant milestone in Navi's growth after securing USD 100 million from Prosus.
How a Chinese ice cream stall built a 59,000-store empire, surpassed Mcdonald’s in outlets and took its $1 desserts global
Mixue has swiftly made its mark in the competitive landscape of affordable desserts and beverages. With a diverse menu featuring soft-serve ice cream, refreshing fruit drinks, tea, milk tea, and coffee, the chain has grown to nearly 60,000 locations around the globe by December 2025. Its strategic focus on third-tier cities with budget-conscious consumers has boosted its revenue and profitability.
India aims to be globally competitive semiconductor powerhouse by 2047: MoD
India is working towards becoming a globally competitive semiconductor powerhouse by 2047 and focuses on next-generation technologies. The Defence Research and Development Organisation participated in the Emerging Science, Technology and Innovation Conclave 2026 themed 'Creative Minds, Catalysing Science, Empowering Society'.
French billionaire Xavier Niel gets CCI approval to acquire 16.2% stake in Vodafone
Xavier Niel's investment vehicle, Vega SAS, has obtained approval from the Competition Commission of India to purchase a 16.2 percent stake in Vodafone Group for approximately 4.4 billion pounds. Post-acquisition, Vega SAS will become Vodafone's primary shareholder, a pivotal step as Vodafone continues to concentrate on its core markets following earlier restructuring efforts. This decision also complies with India's fair competition regulations, promoting healthy market dynamics.
Adani Energy Solutions gets CCI approval for Rs 3,050-crore IntelliSmart acquisition
The Competition Commission of India (CCI) has approved Adani Energy Solutions' Rs 3,050-crore acquisition of IntelliSmart Infrastructure. The transaction involves acquiring 100% of IntelliSmart's equity from NIIF and EESL, along with the redemption of optionally convertible debentures held by NIIF, expanding AESL's presence in the smart metering business.
From a Mumbai pavement to India’s esports league table : Santanu Basu's journey
In 2007, Santanu Basu embarked on his esports journey, conquering the World Cyber Games. Over the years, he has proudly represented India in numerous FIFA tournaments. To support budding talents, he established the Indian Super Gaming League. Through LetsGameNow, he envisions a thriving gaming ecosystem that blends entertainment, commerce, and community, ultimately cultivating a robust foundation for aspiring esports champions on a global scale.
Global Market: European automakers get earnings boost as Chinese competition weighs on recovery
European automakers have received a boost from recent earnings, but their recovery remains fragile. Rising competition from Chinese manufacturers, costly technological shifts and structural weaknesses continue to cloud the sector's long-term growth prospects.
Trent net profit up 25% despite cost pressures and stiff competition
Tata's Trent retailer reported significant financial success, posting a 25% rise in net profit, which hit ₹468 crore for the quarter ending in September. The company's revenue jumped by 22%, reaching ₹5,873 crore. While geopolitical instabilities and inflation posed challenges, Trent executed strategic sourcing initiatives and expanded its presence by opening 29 new locations, consolidating its portfolio and reflecting a positive consumer outlook in the retail sector.
US DOJ is inquiring about Nvidia's purchase of Hugging Face
The Justice Department's recent questioning covers Nvidia's acquisitions, investments, sales practices, and whether the chip designer has exerted pressure on its customers, the two people said.
Meesho expects stronger Q3 growth due to change in festive sale timeline
The first day of Meesho's annual flagship sale, the Mega Blockbuster Sale, saw orders growing about 75% YoY. Its transacting customers increased by about 60% YoY.
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