October 2024 – Page 43

Mindshare’s Gopa Menon joins Successive Technologies as chief growth officer, APAC

At Mindshare, Gopa Menon was responsible for driving digital transformation for the network, strategizing and implementing business strategies, digital strategies and roadmaps for Mindshare South Asia and its clients.

Gopa Menon’s responsibilities will include accelerating the company’s growth strategy and business growth.

Manish Tiwary to be Managing Director of Nestlé India; Suresh Narayanan to retire next year

Former Amazon exec Manish Tiwary will be the Managing Director of Nestlé India Limited with effect from 1st August 2025.

IPL’s business value surged from $8.5 bn in 2022 to $16.4 bn within two years

Naukri.com added an average of 24,500 resumes every day in Q2 of FY25

IPL’s business value surged from $8.5 billion in 2022 to an impressive $16.4 billion within two years, a growth of 92.94 per cent.

Temasek in talks to acquire stake in Haldiram Snacks, valuing brand at $11 billion

Founded in 1930s by Ganga Bishan Agarwal, Haldiram's has become India's largest snack company, offering a diverse range of products from traditional sweets and savoury snacks to frozen meals. (Image source: Facebook)

Investment could set the stage for Haldiram’s initial public offering amid rising global interest in India’s economy. Major players like Blackstone and Bain Capital are also exploring opportunities in the snack giant.

Amazon plans to slash 14,000 managerial roles to save $3 billion

The planned reduction in managerial roles would represent a 13% drop in Amazon's global management workforce.

Cost-cutting measures include a 15% increase in ratio of individual contributors to managers by 2025.

BCCI considers Saudi Arabia for IPL mega auction venue

Among the capped players, 48 are from India, while 965 Indian uncapped players will also be available in the auction.

With Riyadh and Jeddah as potential hosts for the auction, the Board of Control for Cricket in India faces challenges in securing a suitable location for the highly anticipated event in November.

AAAI re-elects Prasanth Kumar as President; Rana Barua becomes Vice President

Prasanth Kumar is a GroupM veteran having worked in the organisation in various capacities for over 20 years in his overall experience of over two decades in advertising. He has also worked at Pepsi, The Hindu, The Media Edge & McCann Erickson prior to joining GroupM. He has also been Vice President of AAAI during 2020-22. (From left to right: Prasanth Kumar and Rana Barua)

Immediate Past President, Anupriya Acharya will be the ex-officio member of the AAAI Board for 2024-25.

Kalyan Jewellers records 37% growth for Q2 FY2025

Its digital-first jewellery platform, Candere, recorded a revenue growth of approximately 30% during the recently concluded quarter as compared to the same period during the last year. It launched 12 Candere showrooms during Q2 FY 2025. (Image source: Kalyan Jewellers)(Image source: Kalyan Jewellers)

Its India operations witnessed revenue growth of approximately 39% during Q2 FY2025 as compared to Q2 FY2024, led by robust operating momentum on the ground across all markets with healthy same-store-sales-growth of approximately 23%

AMUL ready to enter European market after success in US: MD

Amul's advisory emphasizes the importance of recognizing genuine products, noting that the company has shifted to a Duplication Proof carton pack designed to prevent adulteration.

Jayen Mehta, Managing Director of AMUL, announces plans for European expansion following successful launch in the United States.

“No assets in UAE, no attachment” responds Honasa Consumer over Dubai Court order

Honasa Consumer on October 5 said there will be no attachment of its assets in the UAE as it has no assets there.

On October 1, Dubai Court rejected Honasa Consumer grievance filed over fiasco with UAE distributor. Further, Court allowed to attach Honasa Consumer’s assets in the UAE while rejecting to cancel the trading license of Honasa Consumer General Trading LLC.