Kashmeera Sambamurthy – Page 433

Biz Moves: Omnicom Media Group India, Zenith India, Grapes, Global Creator Network

ibis Hotels aims to strengthen its position in the market by reaching out to its audience more effectively through digital channels.(Representative Image via Unsplash)

Keep up with all the key business wins and account movements.

CXO Moves: Mass layoffs at Twitter India; Meta India head quits; BBH India gets new MD

Get the full picture on people and their moves on the corporate jungle gym in CXO Moves. (Representational image via Unsplash)

Executive moves in the world of brands and agencies. Find out who’s moved up, in and out.

Meta India chief Ajit Mohan’s sudden exit and his time at Facebook

Under his close to half-decade leadership the company has also made significant investments in businesses across sectors in India. For instance, in June 2019, the company invested in social ecommerce platform Meesho. In February 2020, the company joined others like General Atlantic and Sequoia India to be a part of a funding round of $110 in ed-tech start-up Unacademy. In April 2020, they announced a $5.7 billion, investment in Jio Platforms, making Meta its largest minority shareholder

Ajit Mohan who worked as the India head of the tech giant’s India operations for almost four years not just scaled the company’s operations but introduced a lot of firsts in the India market.

Elon Musk starts firing Twitter India teams

Some media reports suggest that Twitter has sacked the entire marketing team while others are stating that the company is laying off atleast 50% of its India team. (Representative Image via Unsplash)

The layoffs are part of the Elon Musk-owned company’s plan to reduce its 7,500-person workforce as a measure to save costs.

Indian brands are tuning into ASMR. Here’s why

Food and grocery delivery app Swiggy, through its recent set of films, has also used ASMR as its central theme. Through this new series, the brand has created mukbang videos. Mukbang, a Korean word, is typically videos of people eating a large quantity of food. Viewers can see and hear the mukbangers eat burgers, chaat, french fries, and a lot more, for three minutes. Brands like Nescafe, Vistara and SKODA India, among others, have also marketed their products by leveraging the power of ASMR in the recent past

ASMR also called “brain massage” has opened up an interesting style of storytelling for brands to reach out to a newer set of consumers.

TV ads top ranking for conveying a positive impression of brands: GroupM report

TV retains a unique strength in building brand equity. Around 73 percent of audiences believe it is a brand’s responsibility to control where their advertising appears, as per the GroupM report.(Representative image via Unsplash)

In the APAC region, ads played on TV are ranked on top for conveying a positive impression of brands.

Coca-Cola India: After Thums Up and Sprite, Maaza to become a billion dollar brand

At present, the company has a range of over 20 products in India spanning everything from sparkling drinks, to coffee, juices, water and milk-based beverages. The beverage products include Coca-Cola, Diet Coke, Thums Up, Fanta, Limca, Sprite, Maaza, VIO flavoured milk, Minute Maid range of juices, Georgia, Aquarius, Schweppes, SmartWater and Kinley, among others

According to Coca-Cola India and Southwest Asia President Sanket Ray: “(Revenue from) Maaza will be around Rs 4.500-5,000 crore this year. It is in line to be a billion-dollar (around Rs 8,000 crore) brand soon. This year, we are facing pressure from higher mango prices.“It (Maaza) is expected to touch the (billion-dollar) mark by 2024, but if it does so in 2023, then that would be a bonus.”

Rs 5 lakh for a post: Finance influencers aka Finfluencers’ purses swell as content demand rises

Experts suggest that someday Indian finance influencers will come up with their own financial product where managing money would be easier. (Representational image via Unsplash)

As financial content is gaining popularity, finance influencers are seeing a sharp growth in their pay packages.

Elon Musk’s Twitter takeover raises concerns among marketers

Elon Musk, who earlier this year had dropped the plan to acquire Twitter citing a high number of fake accounts on the platform, had said that advertisers would not be able reach the customers they intended if Twitter was flooded with bogus accounts. According to Musk’s statements earlier this year, 10% of the platform’s daily active users who see ads are inauthentic accounts (Representative Image via Unsplash)

General Motors suspended its paid advertising on Twitter after Musk’s takeover, saying that the platform will change now and that it wants to understand the direction Twitter will take.

Anuj Tandon moves on from KRAFTON Inc to join JetSynthesys as CEO Gaming

JetSynthesys new CEO of Gaming, Anuj Tandon says, "We are on the cusp of the most transformative period for the gaming industry in India and have a once in a generation opportunity to build quality video gaming organizations from India."

Anuj Tandon will work with JetSynthesys’s founder Rajan Navani to strengthen the gaming business.