September 2024 – Page 23

GroupM names Bharat Rajamani as Managing Partner – Growth, Acceleration

Bharat Rajamani will target Non-GroupM Clients, GroupM's emerging client cluster across all agencies and clients in Sri Lanka Market. (Image source: LinkedIn)

In his new role, Bharat Rajamani will look into all marketing and alliances initiatives of Acceleration – Industry and client events.

Koo co-founder Mayank Bidawatka starts new venture ‘Billion Hearts Software’

Koo, similar to the X platform, was shut down this year due to unsuccessful talks on mergers with several companies and high maintenance costs. Backed by Tiger Global, Koo was founded in 2020 during the COVID-19 pandemic by Bidawatka and Aprameya Radhakrishna. It was last valued at $274 million. (Image source: Medium)

Mayank Bidawatka said that his upcoming venture has secured funding from several founder friends who have established big consumer tech startups in the country.

Led by ‘FWD’ – Myntra doubles Gen Z customer base to 16 mn

The GenZ cohort represents one-third of India’s e-lifestyle shoppers and influences 25 percent of the overall GMV in e-lifestyle fashion. The online trend-first fashion market is expected to grow over 8X into a $5 billion market by 2028.

Myntra plans to add another 20mn -25mn GenZ customers in the next couple of years.

Former Prasar Bharati CEO joins ATSC Board Business Advisory Council

Shashi Shekhar Vempati's role on the Business Advisory Council will involve guiding the intersection of business strategies and technical advancements. (Image source: LinkedIn)

India’s broadcast vision gains global platform as Shashi Shekhar Vempati takes on advisory role in ATSC, further propelling the ATSC 3.0 initiative.

Publicis Sapient names Shubhradeep Guha as Global Chief Delivery Officer

Shubhradeep Guha joins Publicis Sapient from Google’s North America division, where he spent nearly a decade leading integrated teams and delivering transformative, AI-led solutions for some of Google’s largest clients. (Image source: LinkedIn)

Shubhradeep Guha will be responsible for ensuring effective delivery across all client engagements globally.

DGGI will shake hands with foreign govts to crack whip on offshore gambling firms

The DGGI Annual Report states that actions have been taken against 118 domestic online gaming companies, with Show Cause Notices issued to 34 taxpayers, involving tax amounts of Rs 1,10,531.91 crore.

This move will curb tax evasion in the online ‘gaming’ sector in India and will also help block websites of such notorious illegal offshore entities.

Tupperware may file for bankruptcy soon: Report

Tupperware filed for bankruptcy protection in Septembe

The bankruptcy preparation follows protracted negotiations between Tupperware and its lenders over how to manage more than $700 million in debt

FCB launches Creative Council for India to elevate culture of creativity

The council will also focus on developing groundbreaking work that resonates with audiences and delivers real solutions to client challenges, stated the company.

The council is designed to elevate the culture of creativity, embrace new-age problem-solving, and set global benchmarks for exceptional work across the group by leveraging new-age tools using technology and data.

Meta bans Russian state media outlets for foreign interference activity

Meta alleged that the Russian media outlets used deceptive tactics to carry out influence operations while evading detection on its social media platforms.

Jim Lanzone joins Snap Inc. Board of Directors

“Snap has long been a tech pioneer and innovator and I'm thrilled to join the board,” said Lanzone. “With significant long-term opportunity ahead, I’m eager to begin collaborating with Evan, Michael, and the other directors to grow its iconic business.”

Jim Lanzone has been Chief Executive Officer and member of the board of directors of Yahoo Inc. since September 2021. Prior to that, Lanzone served as CEO of Tinder.