Month: September 2023

KKR to invest Rs 2,069 crore in Reliance Retail at Rs 8.361 lakh crore equity valuation

This valuation is higher than the Rs 8.27 lakh crore valuation bestowed on Reliance Retail three weeks ago when Qatar’s sovereign investment fund QIA picked up a 0.99 stake in the company for Rs 8,278 crore. (Images sourced via Forbes India)

This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity

Havas Play inks strategic partnership with sports marketing agency, Gameplan Sports

The partnership will entail managing athletes, major sports league in cricket, football, badminton, kabaddi, tennis, table tennis, golf, marathons, chess, and others. Pictured: (L to R) Jeet Banerjee, Rana Barua, and Mohit Joshi.

Jeet Banerjee, director, Gameplan Sports and R Venkatsubramanian, president – investments, Havas Media India and MD, Havas Play will collaborate to construct and build this strategic alliance.

Big Move: Dheeraj Sinha is FCB Group’s new CEO for India, SA; Rohit Ohri promoted to global role

Dheeraj Sinha joins the agency from Publicis Groupe, where he was CEO of Leo Burnett South Asia and Chairman of BBH India and he led the business transformation across Leo Burnett, Leo Burnett Orchard, BBH, Publicis Business and Publicis Health. (Pictured: (L TO R) Dheeraj Sinha and Rohit Ohri)

Storyboard18 was the first to report Sinha’s move to FCB. Sinha, who recently quit Leo Burnett, will report to FCB’s Global CEO Tyler Turnbull.

World’s industries, including the $700 billion digital ad industry, are racing to realize the benefits of AI: Nvidia’s Jensen Huang

Jensen Huang said that people can build, train and produce AI in India. But there is a need for infrastructure to pursue those ambitions. (Image source: @dhaval_kotecha via Twitter)

The CEO of US chipmaker Nvidia said during a recent visit to India that AI could be built in India, used in India, and exported from India.

Media Buying Fraud to Influencer Marketing Deceit; Need to clean-up, rebuild India’s digital marketing ecosystem

Multiple social media platforms are working towards launching a creator marketplace, where brands can discover relevant creators to collaborate with. This is expected to drive more transparency and enable brands to make better data-driven decisions for influencer marketing campaigns. (Representative Image: Elio Santos via Unsplash)

The 50,000 crores digital advertising industry needs a common measurement and that is possible only when the industry decides to collaborate on shared codes.

Regardless of how much cricket is played, Indians will always be like Dil Maange More: Abhik Banerjee, Madison

Every problem calls for an innovative solution. It is the same for emerging trends or solutions in the media and marketing industry which experiences unique challenges. (Representative Image: Yogendra Singh via Unsplash)

Abhik Banerjee writes about the top trends to look out for in the media and entertainment space in India in H2 2023.

Animation films are branded as funny cartoons in India because viewers aren’t exposed to other kinds of animated storytelling: Suresh Eriyat

From left: Suresh Eriyat, creative director and founder, Studio Eeksaurus; Adithi Krishnadas, director, Kandittund! (Images sourced via Forbes India)

Suresh Eriyat, the founder and director of Studio Eeksaurus, and Adithi Krishnadas, the director of National Award-winning animation film Kandittund! speak about the film, the studio’s previous award-winning work and the issues plaguing the animation industry.

India to frame cryptocurrency regulations through global consultations: Economic Affairs Secretary Ajay Seth

Ajay Seth emphasised that there has been an endorsement of earlier work done by ministers regarding regulations for stablecoins and unbacked crypto assets. (Representational image via Unsplash)

India announced its intention to formulate its own cryptocurrency regulations through a comprehensive process involving extensive dialogues at both the international and domestic levels.