Month: May 2024

Laxman Narasimhan, CEO Starbucks: This quarter’s results do not reflect the power of our brand

Narasimhan’s efforts to turnaround decline in the same-store sales didn’t reap results, worsening the situation as the company cut guidance in April as US sales declined and China business’ growth decelerated.

Starbucks Reports Q2 Fiscal 2024 Results: Q2 consolidated net revenues down 2% to $8.6 billion, driven by a complex operating environment, the company said.

Yum! Brands, Inc.’s worldwide digital sales approached $8 billion in the March quarter

First-quarter unit growth was robust with over 800 new unit openings, leading to 6% unit growth and positioning Yum Brands to surpass 60,000 restaurants this year, the company stated.

David Gibbs, CEO, said “Despite a difficult operating environment, we delivered 6% Core Operating Profit growth demonstrating the resilience of our business model.”

News18 Indian Languages remain No. 1 in election season

TV9 Network captured 79.4 million UVs, followed by Aaj Tak at 54.4 million UVs.

At a whopping 83.7 million Unique Visitors (UVs), News18 Indian Languages maintained its lead, registering 20 percent growth in UVs compared to the previous month. It stayed ahead of its key competitor TOI Vernacular, which recorded 81.6 million UVs in March.

Amazon Q1 Results: Revenue from advertising services hit $11.8 billion in the first quarter

The World Trade Centre, which has served as Amazon India’s headquarters since the company’s inception, houses 18 of its 30 floors, accommodating around 5,300 employees.

“It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” said Andy Jassy, Amazon President and CEO.

PokerBaazi launches ‘Tu Poker Khelta Hai Kya?’ campaign with Shahid Kapoor

Conveying the core message ‘Jo life mein khelta hai wo Poker bhi khel sakta hai’, the ads are filmed satirically to capture how the protagonist (Shahid Kapoor) uses skills that are often used in Poker, like quick thinking, outsmarting the opponent, reading people, calculating on the go, acting under pressure and calling a bluff, during various real life situations which make people around him believe that he is a Poker player.

The campaign intricately highlights how every Indian possesses innate Poker skills that are part of their day-to-day interactions and can be leveraged to become a Poker player.

LUX partners with Suhana Khan to celebrate 100th anniversary

Marking its 100th anniversary, LUX has partnered with Suhana Khan as the brand's newest ambassador for its body wash range.

Launched in 1924, the brand is now present in 100+ countries globally with a legacy spanning back to Hollywood’s golden era starring iconic stars like Elizabeth Taylor, Audrey Hepburn, and Marilyn Monroe.

D2C Homeware brand ellementry secures funding from She Capital

Since inception, the company has completed more than 4 lakh orders and has a customer base of over 2.5 lakhs. (Representative image by Michał Bożek via Unsplash)

With the recent infusion of funds, ellementry aims to accelerate its expansion initiatives and further enhance its product offerings, production capabilities, and market presence both domestically and internationally.

Airtel Xstream Play strengthens regional content library, partners with Sun NXT

No doubt, the growth of regional OTT platforms highlights the increasing demand for localised content, posing a potential challenge to global giants like JioCinema, Netflix, Disney+Hotstar, and Amazon Prime Video. (Image source: Unsplash)

Some of the other apps on Airtel Xstream Play include Sony LIV, Lionsgate Play, Chaupal, Hoichoi, FanCode, ManoramaMax, ShemarooMe, Alt Balaji, Ultra, ErosNow, EPICon, Docubay, and Playflix amongst many others.

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