Tag: Media

Zee Media issues clarification regarding SEBI fine on ‘Zee Business’ guest experts

In its suit filed in Delhi Sessions Court, ZEE had argued that the article published on 21st February 2024 by Bloomberg, was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company. (Image source: Moneycontrol)

The statement read, “Certain media reports have been published wherein the headlines suggest that fines were imposed on ‘Zee Business guest experts’. The Company wishes to clarify that these Noticee(s) are external and independent guests with whom the company had no relation beyond their TV appearances on Zee Business Channel.”

Paytm Ecommerce renames itself to Pai Platforms

As per reports, the company had seemed approval for the rebranding a few months ago and got the go-ahead on Wednesday. (Image sourced via Forbes India)

Furthermore, Paytm has acquired Innobits Solutions Private Limited (Bitsila), an ONDC seller, established four years ago, as per reports. Paytm through, has denied any news of acquisition.

Paytm crisis: Former BharatPe founder Ashneer Grover slams RBI and “60-year olds” running it

Grover on March 12 tweeted, “SBI Chairmen seem to be petty people. And something very wrong at their core. I learnt it the hard way. So did SC. ;)” 

Ashneer Grover said, “In the RBI, individuals responsible for making decisions and handling calls are typically around 60 years old… there seems to be a lack of trust in a 40-year-old individual, especially if they are considered a Maverick, to run a core system,”

Exclusive: KFC India creative business on pitch; Ogilvy is the incumbent

Last year, KFC India partnered with PivotConsult, the martech arm of Havas company’s PivotRoots, to enhance customer life cycle and optimise lifetime value across offline stores and online touchpoints. (Representative image by Syed Hussaini via Unsplash)

The country’s top agencies are participating in the pitch to bag KFC India’s creative mandate.

Nikhil Kamath announces Rs. 50 lakh fund to combat climate change

The episode delved into the intricacies of energy transition, emphasizing the critical role of renewable energy sources, such as solar, nuclear, and wind, in combating climate change. (Image source: Forbes India)

Nikhil Kamath along with climate pioneers such as Sunita Narain, Bhumi Pednekar, Navroz Dubash, and Mirik Gogri, announced the allocation of ₹50 lakh to a charity that pioneers combating climate change in the country.

Print struggles while OOH, radio, and cinema hold steady in 2023 AdEx: Reports

As per a dentsu report, the advertising industry in the country clocked 8.6 percent growth in 2023, reaching a market size of Rs 93,166 crore. Projections indicate a further 9 percent growth, targeting Rs 1,01,591 crore by the end of 2024. (Photo by Yonghyun Lee on Unsplash)

According to a dentsu report, in 2023, print media contributed 20 percent to the total advertising spends of the year, witnessing a 1.8 percent decline over 2022.

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.

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.