Month: November 2023

Income tax raid at Stove Kraft ends, kitchen appliance maker resumes operations

Despite the challenges, Stove Kraft announced that manufacturing operations at the Bengaluru plant resumed fully on November 27, and the Baddi plant restarted on November 24. (Representative Image: Markus Winkler via Unsplash)

In an evening update on November 27, Stove Kraft said the I-T Department completed its search, with the company’s manufacturing plants in Bengaluru and Baddi experiencing disruptions on November 22-26 and November 21-23, respectively.

Games of skill do not metamorphose into games of chance if played online

Such sites pose significant financial and socio-economic risks for consumers, especially youth and children and the Ministry of Information and Broadcasting (MIB) has previously issued multiple advisories asking television channels, digital news publishers and OTT platforms to refrain from showing advertisements for online gambling sites and surrogate advertisements. (Representative Image: Jack Hamilton via Unsplash)

According to Aruna Sharma, former secretary, MeitY India needs to revisit the 28 percent taxation on all online games if the industry is to grow to be the second largest in the world. Else, the action will shift to grey markets.

Marketers not sure how to use short-form video platforms to build brands: Gaurav Jain, Moj and ShareChat

Gaurav Jain, chief business officer, ShareChat and Moj stated, "Advertising will remain our very big focus because we believe that with the consumer base we have, we can offer a lot of it to advertisers of all sizes in the country. We also have a micro-transactions business in which users of Moj can show their gratitude to their influencers by giving them a token. We as a platform charge some platform fees so that is another source of monetisation."

Gaurav Jain, CBO, Moj and ShareChat, spoke about the short-form video platform’s journey, its monetisation strategies, key user insights and more.

This advertising agency is serious about taking care of its people. Here’s how

Ad agencies don’t really have a reputation for maintaining work-life balance. A lot of industry folks see this as a welcome change. Riya Ahuja told us that a thoughtful strategy is required to nurture a people-oriented approach in advertising companies that have difficulty with work-life balance. (Representative Image: Jon Tyson via Unsplash)

Riya Ahuja, vice president – operations of Gurugram-based Marketing Moves, tells Storyboard18 why the agency gave its employees a day off to recover from Team India’s loss at the ICC Men’s Cricket World Cup, and more.

Raymond boss Gautam Singhania writes to board and employees, assures smooth functioning of biz

Nawaz Modi Singhania has filed a non-cognizable complaint against the Chairman and Managing Director of Raymond at the Gamdevi Police Station in Mumbai. (Image sourced via Instagram)

In an internal email accessed by CNBC-TV18, Gautam Singhania wrote he remains resolute as the Chairman and Managing Director and is fully committed towards the smooth functioning of the company and its business.

Apple tops list of Best Global Brands for Apple remains; Microsoft sees highest brand value rise

The rate of growth in the overall brand value of the table slowed sharply after last year's significant increase - rising 5.7 percent this year compared to last year's 16 percent increase, taking the total brand value to $3.3 trillion ($3.1 trillion in 2022). (Representative Image: Congy Yuan via Unsplash)

Apple became the first brand to cross half a trillion USD in brand value. Highlights from Interbrand’s Best Global Brands 2023.

Dentsu appoints Sujit Vaidya as chief financial officer for South Asia

Sujit Vaidya brings over 30 years of experience as a certified Chartered Accountant, having previously served as CFO for Mahindra Holidays & Resorts India and Disney in India.

In this role, Vaidya will partner with dentsu’s business teams across South Asia to orchestrate the financial strategy and steer the finance function.

MiQ acquires French media governance MarTech company Grasp

Grasp will introduce a new route to partner with MiQ across all markets. The company will continue to operate as an independent business unit under MiQ’s ownership and will retain its current brand. There will be no change to either company’s organizational structure. (Representative Image: Tim Mossholder via Unsplash)

This marks MiQ’s third financial investment to date, as part of its long-standing commitment to making the digital advertising ecosystem and experience better for all advertisers.

ASCI urges brands and influencers to be transparent after Orry’s post with CRED violated social media influencer rules

The absence of disclaimers on Orry’s video (has been rectified now) was noteworthy as it violates Advertising Standards Council of India's (ASCI) social media influencer rules. (Image sourced via Instagram - @orry1)

Manisha Kapoor, CEO and secretary general of ASCI thanked vigilant consumers and the media for calling out non disclosures.