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Business Growth

Companies News Today Highlights – February 10, 2025: Nykaa to Strengthen Beauty Business for Growth

Stay updated with the latest corporate developments shaping industries and markets globally. Today’s key highlights include Nykaa’s strategic focus on expanding its beauty segment to enhance customer acquisition. The company plans to continue investing in its core beauty business to drive growth and strengthen its market position. This section provides in-depth insights into financial performances, mergers, acquisitions, and leadership changes impacting businesses across various sectors. Whether you’re an investor, business professional, or market enthusiast, our coverage brings you critical updates to help navigate the evolving economic landscape. From emerging startups to established market leaders, we deliver news that matters—helping you stay ahead in an ever-changing corporate world. Source: Business Standard

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Centre Raises Threshold for Merger and Acquisition Vetting by Competition Commission of India

The Corporate Affairs Ministry has announced revisions to the thresholds for mergers and acquisitions (M&As), altering the criteria for exemption from Competition Commission of India (CCI) approval. Under the new regulations, companies are not obligated to notify the CCI if the target entity’s assets, including subsidiaries, amount to less than Rs 450 crore, with a turnover below Rs 1,250 crore. This represents an increase from the previous thresholds of Rs 350 crore for assets and Rs 1,000 crore for turnover. The Ministry has concurrently revised the ‘de-minimis’ or small target exemption threshold, which absolves certain M&As from CCI scrutiny. This exemption now applies to transactions where the asset value in India does not exceed Rs 350 crore or the revenue from India does not exceed Rs 1,000 crore. Vaibhav Choukse, partner and head of competition law at JSA Advocates and Solicitors, hailed the move as a significant step towards facilitating M&As in India, aligning with the government’s agenda of promoting ease of doing business. He noted the 150% increase in the existing thresholds under Section 5 of the Competition Act and the adjustment of De Minimis thresholds. Amit Agarwal, partner at Nangia & Co LLP, echoed Choukse’s sentiments, emphasizing the positive impact of the revisions on the ease of doing business and the M&A landscape in India. However, analysts caution that raising exemption limits may present challenges, particularly for startups in their initial years, which may not meet the asset or revenue criteria but could contribute substantially to acquiring companies post-deal. The example of Facebook’s acquisition of WhatsApp in 2014, which escaped CCI scrutiny due to threshold limitations, highlights the potential implications for competition in relevant markets. While the revisions aim to streamline M&A processes and foster business growth, they also underscore the need for vigilant oversight to ensure healthy competition and market dynamics are preserved, particularly in the digital sphere where transformative deals can have far-reaching consequences.

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IIM Lucknow and Emeritus Launch 10-Month CEO Development Program

News on Edu

IIM Lucknow, in partnership with Emeritus, has introduced a Chief Executive Officer program that spans ten months. This program aims to provide extensive leadership development and equip senior executives with the tools, strategies, and insights needed to excel in their roles and drive business growth. It is open to individuals with a minimum of ten years of work experience who aspire to become CEOs and want to further enhance their abilities. Upon successful completion of the Chief Executive Officer program, participants will be equipped to meet customer expectations, foster societal engagement, build brand trust, demonstrate purposeful leadership for effective change management, cultivate an innovation culture driving digital transformation, and revamp business models for strategic growth. This program is also tailored for leaders with at least a decade of work experience who are new to the CEO role or have recently founded a company. It emphasizes adaptability in the dynamic business environment, change management, strategic decision-making, organizational performance, functional expertise, and critical thinking. The program’s main objective is to prepare CEOs to lead by promoting innovation within their organizations. It offers a blend of immersive online learning led by IIM Lucknow faculty and industry experts, combined with an on-campus experience at the IIM Lucknow campus. Additionally, participants engage in a capstone project under the guidance of IIM Lucknow faculty, business simulations like Capstone simulation and Strategy Simulation on Balance Scorecard, and opportunities for peer-to-peer learning. The program is carefully designed to help leaders develop practical, industry-relevant skills that will inspire their teams towards innovation and sustainability. Eligibility for the program includes graduates (10+2+3), diploma holders (10+2+3), and postgraduates with a minimum of ten years of work experience. The classes for this program are scheduled to commence on December 30, 2023. The total fee for the ten-month course at IIM Lucknow is Rs 5,60,000, excluding GST. Participants who successfully complete the program will receive a certificate of completion and gain access to IIM Lucknow’s executive alumni network.

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