Author: Kashmeera Sambamurthy

SEBI set to summon ZEE’s Punit Goenka, Subhash Chandra in funds siphoning case

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

The regulator is also probing a wider array of transactions between Zee and private companies owned by promoters.

The Health Factory rolls out a new campaign starring food connoisseur Kunal Vijaykar

Kunal Vijaykar, renowned for his popular YouTube channel "Khane Main Kya Hai," is paired with upcoming fashion and lifestyle influencer Janvi Limbachiyaa, the duo engages in playful banter that perfectly encapsulates the spirit of #TuJaantaNaiMeraBreadwalaKaunHai. (Stills from the campaign)

The campaign showcases a range of zero maida and protein-rich breads, allowing individuals to relish the taste and wholesomeness of their breakfast and all-day meals guilt-free.

Walmart to acquire Vizio for $2.3 billion

The combination would be expected to further accelerate Walmart’s media business in the U.S., Walmart Connect, bringing together VIZIO's advertising solutions business with Walmart’s reach and capabilities. These benefits would be further strengthened by the growth of connected TV platforms and Walmart’s industry-leading TV panel sales. (Image source: Unsplash)

The acquisition of VIZIO and its SmartCast Operating System (OS) would enable Walmart to connect with and serve its customers in new ways including innovative television and in-home entertainment and media experiences.

Layoffs: Maria Martinez, CISCO’s chief operating officer departs

Maria Martinez started off at AT&T Bell Labs and went on to work across Motorola, Embrace Networks, Microsoft, Declara, Plantronics and Salesforce. Last week, Cisco System announced that it would cut five percent of its global workforce, or more than 4,000 jobs.

Maria Martinez’s next move is unknown.

Sociowash secures the digital mandate of Tide Arabia

The account will be managed by the agency’s Mumbai team. As part of this strategic partnership, Sociowash will be responsible for increasing the digital share of voice of the brand by executing campaigns that will increase engagement and brand recall.

The agency will be responsible for elevating the brand’s digital presence through the formulation and execution of strategic creative approaches.

Zee case: SEBI probing two Mumbai-based production houses in funds siphoning case

In August 2023, SEBI passed an interim order against promoters Subhash Chandra and his son Punit Goenka, barring them from holding any directorships in listed companies, over allegations of funds siphoning. (Image source: Moneycontrol Hindi)

SEBI has also summoned former directors of Zee for questioning over alleged funds diversion, states a Moneycontrol report.

Cosmos Maya’s Megha Tata moves on

Megha Tata started her career with Sunday Mail as marketing executive and went on to work across Star India, Turner International India, HBO India, BTVI and Discovery Communications India.

Megha Tata’s next move is unknown.

iCubesWire promotes Mazen Bahnassy as influencer marketing – lead

Bahnassy has more than eight years of professional experience across marketing roles. His expertise spans across the marketing industry, including influencer marketing, campaign strategy development and partnerships management.

This move aligns with the company’s upcoming expansion plans to strengthen its grip in the region.