December 2024 – Page 3

62% more female POSPs in FY24 drive 15% surge in premium revenues: Probus

The minimal entry barriers, coupled with increasing aspirations for financial independence and empowerment, have made the role an ideal choice for women seeking meaningful careers, as per Probus.

POSPs play a crucial role as intermediaries, simplifying insurance products for customers and guiding them in policy selection.

DBS Bank India appoints Rajat Verma as CEO; Verma to take charge in March 2025

In this new role, Verma will be part of DBS’ Group Management Committee.

Verma, who is presently Head of Institutional Banking Group at DBS India, will succeed Surojit Shome upon his retirement next February

Retail sees moderate 7% growth during festive season: RAI

The survey further reveals that West India experienced the highest sales growth at 8%, while North, South, and East India each recorded a 7% increase.

In terms of categories, food and grocery registered the highest growth of 14%, followed by 10% in QSR and 9% in jewellery compared to the same festive time period last year.

Google marks 2024 as milestone year for AI-led innovations

AI took center stage in the realms of healthcare and travel. (Representative Image: Brett Jordan via Unsplash)

August was a significant month for Google’s hardware and software.

Liquor cos to approach FSSAI for separate standard for Indian single malt whisky

Earlier this year, the FSSAI issued its definition of single-malt and single-grain whisky, which came into effect on March 1.

Indian liquor makers are seeking a separate standard for Indian single malt whisky from the FSSAI as these whiskies gain international recognition, according to a media report.

Media mogul Charles F. Dolan, founder of HBO and Cablevision, dies at 98

HBO, under Dolan's leadership, is credited with reshaping television, producing legendary series like The Sopranos, Game of Thrones, and The Wire

Launched in 1972, HBO became the first premium cable channel to offer movies and special events directly to homes, revolutionizing the television landscape and paving the way for future content providers.

Zepto VP Jitendra Bagga quits after nine months amidst company expansion drive

At the beginning of 2024, Zepto operated around 300 dark stores, a number that has now more than doubled to over 750.

Bagga’s departure follows another high-profile exit at Zepto. Earlier in December, the company’s Chief Human Resource Officer (CHRO), Martin Dinesh Gomez, resigned after an 11-month stint.

2025 – The Year Of…: Consolidation and Innovation, says Kalyan Jewellers’ Ramesh Kalyanaraman

Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers

One of the highlights in 2024 was the complete acquisition of Candere, which has been pivotal in advancing the phygital strategy of Kalyan Jewellers, says Ramesh Kalyanaraman.

In beauty business, Bollywood stars find profits more elusive than fame

From silver screen to beauty scene: Bollywood actresses' entrepreneurial ventures in focus

Only one celebrity-owned brand turns profitable in India’s $21 billion beauty market, as actresses discover star power alone can’t guarantee success in competitive cosmetics industry.

The 2025 rollout of Digital Radio: Broadcasters send mixed signals

TV Today Network cited losses and state of radio industry in the country behind the reason of shutting down its radio business.

In 2025, the government plans to initiate digital radio broadcasting in 13 metro cities. The players, however, are worried about high-cost implications and difficult transition.