September 2023 – Page 49

Flipkart to create one lakh seasonal jobs in run up to festive season

Krishnamurthy added that the company has no ambitions to be a large payment or fintech company with its financial services foray. (Image source: Flipkart)

Seasonal jobs are generally recurring in nature and companies hire individuals during a particular time only to meet increased demand.

Investors pounce on India’s pet care industry with $77 million in investments

L Catterton, a global player in pet food investments, has ventured into the Indian pet food market with a record-breaking $60 million investment in Drools. (Representative Image: Karlo Tottoc via Unsplash)

As people increasingly invest in pet care products and services, the appetite among investors for this burgeoning sector is also on the rise. Between 2021 and 2022, the industry attracted investments totaling $77 million, as reported by Venture Intelligence.

Industry groups and consumer orgs raise concerns over TRAI’s OTT regulation proposal

One of the concerns cited by these organisations is that OTT service providers are already regulated under the IT Act 2000 which will be replaced by the upcoming Digital India Act (DIA). Therefore, such consultations should form part of Digital India Act and any other additional consultations by regulators like TRAI will also lead to overlap of regulatory structure. (Image by Jessica Tan via Unsplash)

Eleven consumer groups have said that the proposal on selective banning would lead to overregulation and regulatory uncertainty.

Pepperfry elevates Ashish Shah as chief executive officer

Ashish Shah's appointment follows the untimely demise of Ambareesh Murty, Pepperfry's co-founder and former CEO. Under Murty’s leadership, Pepperfry ushered in a transformative era in Indian furniture and home goods online shopping marketplace.

Ashish Shah, who co-founded Pepperfry alongwith late Ambareesh Murty, was the COO of the company.

Global 5G subs close to 1.3 billion in Q2 2023: Ericsson Mobility report

Vodafone Idea (127.69 million), BSNL (20.65 million) and Intech Online Pvt. Ltd. (0.24 million). (Representative Image: David Arrowsmith via Unsplash)

As per the Ericcson Mobility report, India accounted for the most net addition of mobile subscriptions with seven million during Q2, followed by China (five million) and the US (three million).

Rahul Dravid goes full Bollywood in Farmley and Talented’s new ad film

Rahul Dravid in a still from the ad.

The connection between Rahul Dravid, known as ‘The Wall’ and the Bollywood film ‘Deewar’ has been conveyed through humorous spoofs in these two films, launched by Farmley and Talented.Agency, in collaboration with production house Momo Media.

Bollywood Superstar Ranveer Singh becomes BGMI’s brand ambassador

This partnership aims to bring together the thrill of gaming and the charisma of Superstar Ranveer Singh to engage and deliver elevated experiences for millions of gamers across the country.

Gaming major Krafton says the alliance aims to bring gaming and BGMI “to the masses in an unprecedented manner.”

World Cup 2023: Noticeable shift in brands to connected TV strategies for enhanced RoI

As of 2022, the number of households in India that own connected TV sets is 25 million. This figure is estimated to almost double by 2025. (Image source: twitter.com/BCCI)

The tournament’s alignment with Diwali, running from October to mid-November, makes it an attractive period for brands.

Pilgrim strengthens leadership team; appoints Anirudh Likhite and Nilesh Kambli

Anirudh Likhite, ex-Nykaa and LOreal, brings over 13 years of hands-on experience in building supply chain teams, networks, and strategic processes. Nilesh Kambli, a seasoned professional with over 11 years of experience. (From left to right: Anirudh Likhite and Nilesh Kambli)

In their new role, Anirudh Likhite and Nilesh Kambli will play an important part in delivering easy product accessibility, superior experience and quality across both digital and physical touchpoints.

Bata’s Anand Narang steps down; joins Vedant Fashions as chief marketing and digital officer

Anand Narang started his career at Bharti Airtel, and went on to work across Comverse, Nokia UK, Huawei and Reliance Jio Infocomm.

Anand Narang led the transformation of Bata and drove digital and e-commerce growth.