🚨 Another Lockdown?
and other business updates
As we start this fresh week, we dive straight into important updates.
⚠️ HMPV virus has reached India
An eight-month-old baby in Bengaluru has been diagnosed with the Human Metapneumovirus (HMPV), marking the first reported case of the virus in India. Notably, the child has no travel history, and the Karnataka Health Department has confirmed the case to the Union Health Ministry. It remains unclear whether this strain matches the one causing a surge in cases in China.
So, adhering to preventive measures and staying informed through credible updates is key to safeguarding yourself and your community.
Now, let’s get started with the BUSINESS UPDATES…
📌 ITC falls 6%
Shares of ITC Ltd fell 6% in early trading on Monday following the demerger of its hotel business into a separate entity, ITC Hotels, which will soon be listed on stock exchanges. The decline reflects the notional value of the demerged hospitality business, with a Rs 27 adjustment from ITC’s share price. Eligible ITC shareholders will receive one share of ITC Hotels for every 10 ITC shares held.
📌Payal Kapadia's 'All We Imagine As Light' loses at Golden Globes 2025
In disappointing news for Indian cinema, Payal Kapadia’s ‘All We Imagine’ As Light lost the Golden Globe Award for Best Motion Picture in the Non-English Feature category. The award went to the musical crime comedy ‘Emilia Perez,’ starring Zoe Saldana. Kapadia was also nominated for Best Director but lost to Brady Corbet for ‘The Brutalist.’
📌 OYO says no hotel rooms for unmarried couples
OYO has introduced a new policy requiring all couples, including those with online bookings, to provide proof of a valid relationship at check-in. The rule, already enforced in Meerut, bars unmarried couples from booking rooms in OYO partner hotels. While this policy currently applies only in Meerut, OYO is assessing feedback before considering a broader rollout.
The move comes in response to local petitions and civil society suggestions aimed at addressing societal concerns. It seeks to reshape OYO's public image as family-friendly and safe for women.
📌 Dabur India shares fall
Dabur India’s stock declined by 3.37% to ₹507.35 after the company announced a low single-digit growth in consolidated revenue for Q3 FY25, attributed to weak demand in its healthcare and beverage segments. The company also expects flat profit growth year-on-year for the quarter ended December 31, 2024.
STARTUP NEWS
📌 Haryana to be transformed into a startup hub
Haryana Chief Minister Nayab Singh Saini has reaffirmed the state government's commitment to establishing Haryana as a leading startup hub in India. Speaking at a meeting with startup entrepreneurs, Saini emphasized that the government is aligning its efforts with the national Make in India and Startup India initiatives to boost economic growth and create employment opportunities for youth.
He highlighted Haryana’s position as a preferred destination for startup incubators and investors, backed by strong funding and innovative policies. The upcoming 2025-26 state budget will introduce new schemes to support startups, offering guidance and funding to help young entrepreneurs establish their businesses.
📌 Snitch reports 1.3X profit growth and 127.89% revenue surge in FY24
D2C fashion brand Snitch saw its net profit jump 1.3X to INR 4.4 crore in FY24, up from INR 3.1 crore in FY23, driven by a 127.89% increase in operating revenue, which surged to INR 243 crore from INR 106.6 crore. The growth stems from product expansion, data-driven strategies, and a shift towards online sales.
⚠️ HOLD ON
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So, that’s it from me today!
See ya 👋
