By Admin 
Nykaa Controversy Update: Recently, Nykaa beauty brand is being discussed extensively on social media. These days this brand is making a lot of headlines everywhere. Actually, according to the information, Zee Entertainment Enterprises has made a very strict demand for damages of $ 210,000 i.e. (about ₹ 1.75 crore) in the Delhi High Court on fashion beauty brand Nykaa. As soon as this news spread, there was an uproar on social media.
After all, what allegations did the company make?
Making serious allegations, Zee Entertainment Enterprises company said that Nykaa had used Zee’s copyrighted songs in Instagram reels to promote its products. Regarding which the company has expressed strong displeasure. Also by doing this
This is being seen as no less than a violation of the music licensing rules of Meta Platforms. However, now in this case, Nykaa’s lawyers have said in the Delhi High Court that the 12 flagged links have been completely removed. At present, this matter is in the world of big brands.
Has come out as a new challenge. But, now this case will be heard on May 26.
Train Timings: Stations of 30 trains have changed, read this news before going to New Delhi Railway Station.
Discussion continues on the financial condition of companies
According to the information, Nykaa, along with its parent company PB Fintech Ltd. Under this, it works to establish a very strong hold in the e-commerce market. So, the market capitalization of this company is approximately ₹ 83,505 crore. But, now the problems of this company may also increase. According to some reports, a former executive of this company has already been accused of very serious allegations of data theft and employee retrenchment. On the other hand, the market capitalization of Zee Entertainment is around ₹8,600-8,700 crore and its P/E ratio is around 13.9-15.5. Moreover, in the last few days, the shares of this company have seen many ups and downs.
What could be the legal procedures for both the companies?
For a big company like Nykaa, this seems to be no less than a big legal risk. Although this company has achieved great success in providing employment to millions of people, the decisions regarding copyright infringement can have a much deeper impact on the marketing of this company. On the other hand, for Zee Entertainment, this copyright claim can be seen as a part of the existing law.
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Problems like SEBI issuing notice on allegations of shortfall in fund diversion can cast the worst light on the company’s plans. Due to all these concerns, a big loss has been seen in the shares of Zee in recent times. Currently, both companies are working in an environment where surveillance on digital content and business practices is being increased.