Month: December 2023

Bajaj Auto to achieve EV profitability at a relatively lower threshold: Rajiv Bajaj

Bajaj Auto currently has 80 percent market share in the ICE segment. This serves as a substantial and efficient distribution platform for their electric offerings. (Image sourced via Forbes India)

Irrespective of the inflationary costs and currency crises, Bajaj Auto has continued to deliver 20 percent EBITDA (earnings before interest tax, depreciation and amortisation).

Good Glamm Group collaborates with Shoppers Stop to provide new omni-channel experience

These brand collaborations showcase a blend of creativity and commerce, these collaborations redefine industries and celebrate cultural synergy. (Image by freestocks via Unspash)

While Shoppers Stop is expected to gain a foothold through the Good Glamm Group’s online presence with their content-creator-commerce-community flywheel leveraging the Group’s 200 million monthly active users and generating over 4.5 billion monthly organic impressions

Full-funnel agency tgthr introduces its creative leadership team

Collectively, they will amplify the agency's impact as a ‘force multiplier.’

The team comprises of Anadi Sah – national creative director, chief innovation officer & founding partner, Vibhor Yadav – regional creative officer – North and South, & founding partner, Pragati Rana – regional creative officer – West, head of originals & founding partner and Anirudh Venugopal- senior creative director, head of culture and founding partner.

Tourism in Sri Lanka rebounds as revenue reaches $1.8 billion in 2023

Tourists from these countries will be able to obtain visas when visiting Sri Lanka, without a fee. India is traditionally Sri Lanka’s top inbound tourism market. In September 2023, arrival figures from India topped with over 30,000 Indian tourists visiting the neighbouring country. (Representative Image: Dinuka Lankaloka via Unsplash)

According to official data, there was a notable surge in revenue earned from tourism in November 2023, amounting to $205.3 million, more than doubling the figures from November 2022.

Boycott Zara: The fast fashion brand is drawing flak after dropping its latest campaign, here’s why

The Jacket is part of the brand's Atelier series which it describes as "a limited edition collection from the house celebrating our commitment to craftsmanship and passion for artistic expression". (Representative Image: Highlight ID via Unsplash)

In the Spanish clothing retailer’s latest campaign, the model Kristen McMenamy is seen posing with mannequins wrapped in white cloth and plastic. The campaign is sparking public outrage due to similarity with the Gaza genocide.

Indian startup funding hits 5-year low — $7 billion in 2023, down 73 percent from 2022

A47’s current product portfolio includes t-shirts, hoodies, sweatshirts, posters, mugs, diecast scale models, caps & badges among others. (Representative Image: Markus Winkler via Unsplash)

The funding winter has led to a consistent decline in VC investments since mid-2022. There has been a fall in every subsequent quarter, with Q3 2023 being the worst in five years.

Ogilvy elevates Anurag Agnihotri as chief creative officer

Anurag Agnihotri will report to the Ogilvy India CCOs, and be a part of the core Ogilvy West leadership running these offices alongside Hirol Gandhi, president and head of Office - Mumbai and Kolkata, and Ganapathy Balagopalan, chief strategy officer.

Anurag Agnihotri’s new role will be effective January 1, 2024.

OpenAI sets sights on India; appoints Rishi Jaitly as senior advisor

The appointment has hinted at OpenAI’s plans to set up in India to capitalise on the country’s growing market and potential. (Image sourced from Virginia Tech website)

In his role, Jaitly will bridging the gap between OpenAI and the Indian Government by fostering a strong relationship between them to understand AI policies.