Month: February 2024

Emami reports Rs 165.73 crore ad spend for the Dec quarter of FY24

Total revenue of the company stood at Rs 996.32 crore, up 1.38 percent from Rs 982.72 crore last year, the company said in a regulatory filing. (Image source: Moneycontrol)

Throughout the quarter, the Company introduced Zandu Agni Balm, a potent multi-purpose balm aimed at countering regional competition and expanding its overall balm portfolio market share.

Parliamentary panel concerned about Walmart-backed PhonePe, Google Pay’s dominance in UPI market

The committee further added that fintech firms must be asked to generate awareness around safe transaction methods and bogus methods used by fraudsters to dupe people, through their app's interface in the form of creatives, pop-ups etc. (Image source: Unsplash)

Parliament’s Standing Committee also expressed deep concern on the “trust deficit” in India’s digital payment system, citing a loss of Rs 5,574 crore to cyber frauds in just six months between April and September of 2023.

Wall Street predictions too optimistic? Google, Snap record poor digital ad growth figures

The study also reveals that overall attrition rates declined to 17.7 percent in 2024 from a high of 18.7 percent in 2023 and 21.4 percent in 2022, indicating the availability of a larger talent pool post the Great Resignation.

Wall Street’s prediction of 14 percent increase in digital advertising in 2024 might just have been too optimistic.

Paytm Payments Bank board see two independent directors resign

Well, the FinTech versus bank debate has been a long-standing one. The RBI recently granted Zomato Payments Private Limited a payment aggregator license. This allows the company to allow e-commerce transactions on its platform.

As of now, post the exits, PPBL’s board consists of three independent directors. Arvind Kumar Jain, former executive director, Punjab & Sind Bank, ex-Accenture managing director Pankaj Vaish, and former Department for Promotion of Industry and Internal Trade (DPIIT) secretary, Ramesh Abhishek.

For us, financial inclusion is enabling small merchants looking to go online: Razorpay’s Rahul Kothari

In the second part of Razorpay’s interview with Storyboard18, Rahul Kothari, chief operating officer, Razorpay, discusses how the company has been operating after the Reserve Bank of India lifted its ban on onboarding new customers, industry trends, advertising methods, and more.

In a wide-ranging chat, Rahul Kothari, Razorpay’s chief operating officer, discusses the company’s new campaign, the rationale behind choosing Gulshan Grover and Urvashi Dholakia for the ad film, key consumer trends in the fintech landscape, diversity in fintech and financial inclusion.

Paytm’s independent director Manju Agarwal resigns

At SBI, Manju Agarwal conceptualised and launched YONO, SBI’s digital bank, financial superstore and online marketplace. She led SBI’s partnership with Reliance Industries Ltd to set up Jio Payments Bank Ltd.

Manju Agarwal is also an independent director at Hinduja Leyland Finance, Vistaar Financial Services, IndiaIdeas.com, Gulf Oil Lubricants India, Polycab, Switch Mobility, CMS Infosytems and Glenmark Life.