March 2025 – Page 26 – storyboard18

Havas promotes François Laroze to Global COO

François has compiled a wealth of experience and deep understanding of the Group’s business activities and core processes.

François will work closely with the members of the Group’s Executive Committee and his team to ensure that the ambitious goals disclosed to the financial market are met in both the short and medium term.

Siemens announces major job cuts in automation, EV charging businesses amid weak demand

The company highlighted that competitive pressures and reduced orders have significantly impacted its industrial automation business over the last two years.

The automation business, employing around 68,000 workers, has been hit hard by weak demand in China.

The music stock boom: How TIPS Music, Saregama revolutionizing India’s recording industry

TIPS Music and Saregama have built their business model by focusing primarily on licensing, audio streaming, and digital monetization (Photo: Unsplash)

Indian music industry sees unprecedented growth in the past decade, with TIPS Music and Saregama at the forefront

BCCI Apex Council meeting to take call on tobacco ads in IPL on March 22

IPL remains an indispensable property for advertisers and will kick off in two days (on March 22), at the Eden Gardens in Kolkata.

The Board of Control for Cricket in India (BCCI) has planned an Apex Council meeting on March 22, the same day as the IPL 2025 opener between Kolkata Knight Riders and Sunrisers Hyderabad.

CCI raids at top firms could leave media agencies grappling with massive trust deficit, feel experts

Media and advertising industry fears that the Competition Commission of India’s (CCI) investigation into top ad firms (GroupM, Madison, IPG, Publicis, and Dentsu) may cause massive disruption in the way the media buying ecosystem functions and may even impact India’s advertising expenditure in short term.

CCI raids at dentsu, GroupM, IPG, Madison, Publicis fuel unrest; stakeholders demand fair probe

ED has also carried out search operations at Gensol's premises, including its headquarters in Ahmedabad. (Image source: Unsplash)

Industry observers, questioning the possibility of regulatory overreach by Competition Commission of India, emphasised the need for a fair regulatory process that avoids stifling genuine competitive practices through broad-brush enforcement.

GST probe opens a can of worms, triggered CCI raids on top ad agencies

Eyewitnesses described scenes of controlled chaos: employees were ordered to power down their cell phones while officials combed through offices, seizing critical documents, electronic devices, and vital evidences.

Sources familiar with the matter revealed that CCI officials were reviewing key documents related to the investigation late into Tuesday night.

Media buying a complex practice, CCI should consider all aspects before acting against agencies, say industry experts

Many of the fellow industry 'veterans' argue that the complexities of the media buying landscape and the rapidly changing nature of the market often make pricing practices more complicated than they might appear at first glance. (Image source: Moneycontrol)

Industry leaders emphasize that promoting transparency and standardization is more crucial than imposing punitive measures.

Explained | Price-fixing in advertising: Causes, consequences, and regulations

CCI probe focused on unearthing emails, pricing agreements, internal meeting records, and coordinated rate cards that suggested anti-competitive behavior. (Source: Unsplash)

Price-fixing occurs when multiple companies collude to set prices at an agreed level, rather than allowing the market to determine them through competition

SC 28% GST gaming case | CCI raids ad agencies | Dream11’s star-studded IPL campaign

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