Author: Delshad Irani

HUL CEO Rohit Jawa: We’ve embarked on a journey of ‘Transform to Outperform’ to serve evolving aspirations of Indian consumers

'HUL will give a better product at a better price,' says CEO Rohit Jawa.

HUL CEO and MD Rohit Jawa said “Our key thrusts of Growing our Core through Unmissable Brand Superiority, Market making and Premiumisation, Re-shaping our portfolio to high growth spaces and Leadership in Channels of future, backed by our distinctive capabilities will enable us to continue winning in the Indian FMCG sector.”

Modern trade and e-commerce continue to be strong growth drivers: Sunil D’Souza, MD, Tata Consumer Products

From a product perspective, D'Souza said he doesn't think there is anything significantly wrong because NourishCo products have been proven over the past few years.

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products, highlights the Tata Group company’s premiumization agenda, stating that it continues to progress well with the premium portfolio in both tea and salt showing good growth and contributing to an increasing share of the overall portfolio.

Reliance Industries Q4 results: Annual revenue crosses a record Rs 10 lakh crore

Commenting on the results, Mukesh Ambani, Chairman and MD, RIL said: “...All segments have posted a robust financial and operating performance. This has helped the Company achieve multiple milestones."

Reliance Industries Ltd (RIL) reported a record annual consolidated revenue of over Rs 10 lakh crore, driven by continued growth momentum in consumer businesses and upstream business.

CCI calls for proposals for launching Market Study on AI and Competition in India

As per Kantar reports, while AI technologies are touching most internet users of India today, their usage is expectedly higher among the youth (19–24-year-olds) at 92 percent and interestingly, also at a high 81 percent for the older (45+ year old) age bracket.

The Competition Commission of India (CCI) has invited proposals for launching Market Study on Artificial Intelligence and Competition in India, as AI-tech advances in all fields. The last date for submission of proposals is June 3, 2024.

EU opens second formal probe of TikTok under the Digital Services Act

This move is part of TikTok's strategy to enhance its advertising ecosystem and attract more brands and marketers.

In case TikTok fails to reply to the Commission within the indicated deadlines, the Commission may impose fines up to 1% of the provider’s total annual income or worldwide turnover and periodic penalties up to 5 % of the provider’s average daily income or worldwide annual turnover.

Mamaearth-maker Honasa Consumer’s second brand, The Derma Co., enters the Rs 500 crore ARR club

ASCI has urged brands to ensure that their contracts (with influencers) require disclosure labels to be mentioned, and blacklisting influencers who do not adhere to these instructions.

Founded by Ghazal and Varun Alagh, personal care company Honasa Consumer’s second brand, The Derma Co., achieved Rs 500 crore annual revenue run rate.

Why did Mark Zuckerberg buy Instagram? Leaked emails resurface

Meta is also integrating AI to help businesses create ads on Facebook and Instagram, reminding customers they left an item in their cart or offering a discount for a purchase they’ve been waiting to make.

“They could be very disruptive to us”. Leaked emails allegedly written by Mark Zuckerberg to Facebook’s then CFO, outline his plans to neutralize competitors like Instagram before the defining acquisition.

Omnicom Q1 2024 Results: Revenue of $3.6 bn, with organic growth of 4.0 percent

“Omnicom began the year with solid organic revenue growth of 4.0%, led by continued strength in our advertising & media and precision marketing disciplines, including Flywheel Digital,” said John Wren, Chairman and Chief Executive Officer of Omnicom.

Worldwide revenue growth in the first quarter of 2024 compared to the first quarter of 2023 was led by an increase in organic growth of $136.9 million, or 4.0%.