Category: Quantum Brief

Middle-income households showing some “signs of stress”, says Nestle MD Suresh Narayanan

Household consumption in India is witnessing duality.the rich Indians are acquiring more premium goods while the middle income segment is showing “signs of stress,” Narayanan said.

There was expected to be a lot more buoyancy in consumption. People did by more cars and more luxury items during the Diwali festive period. However, the demand for common man’s products was relatively muted, Narayanan said.

Exclusive: Volkswagen India’s Rs 150-180 crore media business up for grabs; calls for pitch

Volkswagen Passenger Cars India, which sold around 44,000 units in 2023, sells premium performance-oriented variants of its models SUV Taigun and sedan Virtus with a 1.5-litre petrol engine under the ’GT’ trim.(Image source: Amazon)

German automaker Volkswagen initiated a global review of its media planning and buying account. Its contract with PHD ended last year. Media spends in India are in the range of Rs150-180 crore.

Wall Street predictions too optimistic? Google, Snap record poor digital ad growth figures

The difference in these projections is not a couple of thousands but thousands of crores. To be precise, the gap between Dentsu and GroupM AdEx projections is Rs 53,795 crore. (Representative image by Josh Appel via Unsplash)

Wall Street’s prediction of 14 percent increase in digital advertising in 2024 might just have been too optimistic.

Paytm Payments Bank board see two independent directors resign

Well, the FinTech versus bank debate has been a long-standing one. The RBI recently granted Zomato Payments Private Limited a payment aggregator license. This allows the company to allow e-commerce transactions on its platform.

As of now, post the exits, PPBL’s board consists of three independent directors. Arvind Kumar Jain, former executive director, Punjab & Sind Bank, ex-Accenture managing director Pankaj Vaish, and former Department for Promotion of Industry and Internal Trade (DPIIT) secretary, Ramesh Abhishek.

Unilever CEO says negative pricing helped see volume growth in India

Unilever talks about creating proUd, its global employee resource group whose mission is to be 'a beacon of inclusion for people in the LGBTQI+ community and allies, amplifying their voices in society and at Unilever'. (Image sourced from Unilever's website)

We have seen a volume growth, so the minus 2 percent on pricing was balanced by a 2 percent volume growth. I think that’s a positive for India,” Unilever CEO Hein Schumacher said in an earnings call.

Zero tolerance to any content violations from platforms and users involving minors: MoS Rajeev Chandrasekhar

When asked if the IT Rules are far-reaching Chandrasekhar said, “Anybody who characterizes the IT Rules as being arbitrary or far reaching or censorship has not read the IT Rules well.”

Rajeev Chandrasekhar, Minister of State, Electronics and Information Technology, Government of India, on platforms and safety of digital Nagriks.

Turkish brand Trendyol to sell exclusively on Myntra

Trendyol ventured into the Indian market in the second half of 2022 and has been selling on all the three e-commerce platforms since then.. (Image source: Moneycontrol)

Trendyol ventured into the Indian market in the second half of 2022 and has been selling on all the three e-commerce platforms since then.

ex-TikTok employee sues company for wrongful termination based on sex, age bias

In a joint statement, Puris’s lawyers Marjorie Mesidor and Monica Hincken said that she faced swift retaliation for complaining about discrimination despite being "enormously successful" at her job. (Representative Image: Solen Feyissa via Unsplash)

Katie Puris stated in the complaint filed in Manhattan federal court, that her firing in 2022 was the result of a series of incidents, where she reported bias and even sexual harassment to supervisors and human resources.