Month: December 2024

Rural India surges online: E-comm deliveries up 64%, gaming platforms triple, says report

In the past year, Meesho's Project Vishwas prevented over 22 million fraudulent transactions, blocked 7.7 million scam attempts, and reduced lottery fraud by 75%.

While Gen Z remains a key target consumer segment for many brands, Kantar warns against broad generalizations as this demographic is highly diverse, and their motivations cannot be fully understood through simplistic or algorithm-driven personalization.

620 mn viewers, 92,000 ads, $76 mn revenue: Inside India’s sports marketing boom

90% of Indian consumers engage with sports digitally, with cricket-related videos amassing over 50 billion views on YouTube in a single year, the report highlights.

The 60% jump in franchise fees in 2023 emphasizes how lucrative sports advertising has become, as per a report jointly published by Deloitte and Google.

Raymond Lifestyle names Sunil Kataria as MD

Sunil Kataria was the CEO - India and South Asia at Godrej Consumer Products Limited (GCPL) since 2015 where he led scale up and transformation of the business. Kataria has also served as Business Head in two challenging service sectors: retail and telecom, leading large and complex business operations. He began his career with Marico where he spent more than a decade in sales and marketing.

Sunil Kataria was the chief executive officer – Raymond Lifestyle (India & International), a position he held since March, 2022.

Raymond Lifestyle names Gautam Hari Singhania as Executive Chairman

Gautam Hari Singhania is a commerce graduate from the University of Mumbai. With over three decades of experience in the field of Industry, Business and Corporate Management, he has been at the helm of the affairs and operations of the company along with the Board of Directors.

Gautam Hari Singhania took over the reins of Raymond Limited as the Chairman & Managing Director in September 1990.

RAI opposes proposed GST rate hike on apparel, cosmetics

Indian Sellers Collective has identified five immediate fall-outs which will hurt the business environment.

The Retailers Association of India (RAI) said that a steep GST hike could make formal businesses less competitive, pushing smaller players and traders towards parallel and unorganised markets

Hyundai to hike car prices from Jan 1

The price hike will be done across all MY25 models, such as Tuscon and i30 Sedan, up to Rs 25,000 from next year

According to Hyundai Motor India Limited, the price hike will be done across all MY25 models, such as Tuscon and i30 Sedan, up to Rs 25,000 from next year.

93% Gen Z fans consume sports via a digital channel: Deloitte-Google Report

Gen Z spends more time per week on sports content than any other generation, with 34% reporting increased engagement over the last two years, according to the report.

46% Gen Z fans engage frequently with sports during the off-season, compared to a significant drop among Millennials and Gen X that comprise 40% and 37%, respectively.

Mahindra & Mahindra in talks with IndiGo to resolve trademark dispute over ‘6e’

IndiGo, which uses "6e" as its airline designator code, has filed a lawsuit against M&M, alleging trademark infringement and seeking relief from the court's intellectual property division.

Automaker Mahindra claims its ‘BE 6e’ electric SUV branding differs fundamentally from IndiGo’s ‘6E’ airline designator, aiming to eliminate confusion.