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India Business · Monday, 10 August 2026 · Issue 68 · 10 stories

Zee sues Nykaa, Warburg eyes Rs 2,800cr supplement play

Companies & Earnings

Zee sues Nykaa over Instagram song use, sparking a crackdown on brand music licensing

Zee Entertainment has taken Nykaa to Delhi High Court, alleging the beauty retailer used twelve copyrighted songs in Instagram reels without permission, seeking ₹2 crore in damages. The case highlights that blanket licences with platforms like Meta cover only non‑commercial use, meaning brands must secure sync and master licences for promotional content. The outcome could force marketers to rethink music‑driven campaigns.

selvams.com ↗4 min read at source

Warburg Pincus eyes Rs 2,800 cr Universal NutriScience to tap India’s supplement boom

Warburg Pincus will buy Universal NutriScience, the maker of Seacod, for Rs 2,800 crore, marking its fourth Indian health‑care acquisition in four months. Kedaara Capital, the seller, expects a five‑fold return on its five‑year stake. The deal deepens Warburg’s bet on India’s fast‑growing nutraceutical and wellness market, complementing its pharma platform in women’s health and orthopaedics.

India says Diageo's 'American oak' whisky claim is misleading

A July 20 notice from India’s food‑safety authority says Diageo’s Royal Challenge whisky isn’t actually aged in American oak casks, the label is misleading because most of the spirit is grain neutral and un‑aged. The regulator has already banned sales of the brand in Madhya Pradesh, flagging a wider crackdown that could hit Diageo’s Indian earnings.

livemint.com ↗2 min read at source

Economy & Policy

India’s Power Distributors Flip to ₹2,701 cr Profit in FY25, Ending Decade‑Long Losses

India’s state‑run power distributors posted a combined profit after tax of ₹2,701 crore in FY 2024‑25, up from a ₹25,553 crore loss the previous year and a ₹67,962 crore loss a decade earlier. The turn reflects reforms such as the Revamped Distribution Sector Scheme and stricter financial norms, signaling a healthier electricity market that can better fund growth.

pib.gov.in ↗3 min read at source

Banking & Finance

RBI’s 180‑day rule forces offshore banks to halt cards for rich Indians

Offshore banks in Zurich, Singapore and London are refusing to issue or renew international credit cards for wealthy resident Indians. The crackdown follows RBI’s 180‑day ‘redeployment’ rule, which forces any foreign‑remitted funds to be spent within six months, leaving idle balances and card limits non‑compliant. High‑net‑worth Indians and minors with foreign accounts now face reduced payment flexibility.

You’re caught up.

That was all 10 stories in the 10 August issue.