September 2024 – Page 14

IPO-bound Ecom Express processes 82% of tier-2 shipments but faces growth challenges: InCred Equities

Ecom Express plans to raise Rs 2,600 crore via its IPO

InCred Equities estimated that Ecom Express handled 430 million of shipments in FY2024 accounting for 58% of Delhivery’s shipments, while its sales were 51% of Delhivery’s express sales

India’s festive season set to boost AdEx by 6.8% in 2024: Harsha Razdan, dentsu

Premium brands are ramping up their ad spends, with a noticeable 8-10 percent increase. However, their spending is not confined to festive periods

Digital and OOH are the frontrunners in driving ad spend growth this season. Television and Print will see an uplift due to reality shows and festive offers.

Patanjali Foods invests Rs 25 crore in wholly-owned subsidiary ‘Contemporary Agro’

Patanjali Foods strengthens farming initiatives with Rs 25 crore investment in CAP

According to the Bombay Stock Exchange (BSE) filing, Patanjali acquired 2,50,00,000 equity shares of CAPL on September 23

RMG players submit list to DGGI | Zee-Sony merger end: Banks withdraw petitions | Orkla India eyes public listing

Recently, the Open Network for Digital Commerce (ONDC) onboarded RMG platforms to its network, creating a mutually beneficial situation.

Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.

Retail sector growth drops to 2% in August 2024, despite positive economic outlook

Retailers pin hopes on festive season to bring positive growth

Of the different retail categories, food and grocery registered the highest growth of 7%, followed by 5% in jewellery compared to August 2023

ONDC increases marketing costs to Rs 91.73 crore in FY24

The government hopes to increase e-commerce penetration in the country to 25 percent with ONDC

ONDC shares discounting costs or incentives that the network participants such as Ola, Magicpin, Paytm, and others offer to their end buyers

Axis Finance appoints Sai Giridhar as the Managing Director & CEO

Sai Giridhar has significant experience in managing end-to-end P&L and has driven growth for product categories across consumer lending businesses. He has played a pivotal role in shaping functions like consumer risk management, debt management and led initiatives towards innovation, digitization and technology to ensure high level of business efficiencies and customer centricity.

Sai Giridhar brings over 28 years of experience in the banking domain and has handled leadership roles across various leading private sector banks.

Month: September 2024