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Gen Z's Late-Night Habits Fuel 'Fourth-Meal Economy' for Food Businesses
Gen Z's tech-driven late-night activities, including streaming and gaming, are boosting the "fourth-meal economy." Fast-food chains and delivery services are seeing increased demand, adapting with extended hours and menu engineering, signaling a permanent shift in the food business.
Real Money Gaming Founders Urge GST Council to Waive Personal Tax Liabilities and Grant Amnesty
Founders of real money gaming companies have appealed to India's GST Council to waive personal tax liabilities and grant amnesty on retrospective dues following a Supreme Court ruling. The industry, facing a reduced but still heavy tax burden of ₹50,000 crore, warns of widespread insolvencies without relief.
HUL appoints Koteshwar L.N. as CEO of wellness nutrition business Oziva
Hindustan Unilever Ltd (HUL) appointed Koteshwar L.N. as CEO of its wellness nutrition business Oziva, amidst strong category growth. Koteshwar will also oversee HUL's broader wellness portfolio, including Liquid I.V., following Oziva's acquisition and significant growth.
Supreme Court to hear plea against reopening ethanol allocation for 2025-26
India's Supreme Court will hear a plea from Bharat Petroleum challenging a Karnataka High Court order to reopen ethanol allocation for 2025-26, arguing it destabilizes the national 20% ethanol blending policy and could disrupt the supply chain for 1,050 crore litres already allocated.
How Boards Can Foster Better Strategic Decision-Making
Boards often stifle early strategic ideas by demanding complete plans, leading to late information and limited options. Instead of challenging half-formed concepts, directors should probe underlying assumptions. A dedicated working group, an engaged chair, and an informed board are crucial for fostering open discussion.
India Lifts Restrictions on Fuel Sales to Commercial Users
India's government has decided to lift restrictions on the sale of petrol and diesel to commercial users from retail pumps, effective July 1. These temporary measures were initially imposed on June 12 to ensure equitable fuel distribution during the West Asia conflict.
