March 2025 – Page 6 – storyboard18

Talented sets new benchmark with ESOP buyback, Rs 8 lakh minimum pay and profit-sharing

Unlike in the tech industry, ESOP buybacks are uncommon in the advertising sector, making this move a significant step toward building long-term financial security for employees.

Gautam Reghunath, co-founder and CEO of Talented.Agency, highlighted that these initiatives mark a significant milestone for the company, now in its third year.

“See you soon, Chrome”: Perplexity AI CEO hints at rival browser, Comet

Google currently dominates the browser market, with no major competitor managing to dent Chrome’s stronghold. Even Microsoft’s push with Edge and Bing AI failed to significantly shift the landscape.

Infosys lets go of more trainees in Mysuru, offers alternative career paths

To support the impacted trainees, Infosys is offering an alternative career path through its Business Process Management (BPM) division.

Amazon’s AI cracks down on counterfeit goods

In 2024 alone, the company seized and destroyed over 15 million counterfeit products before they could reach customers.

E-commerce giant reports significant progress in protecting customers from counterfeit products, with advanced AI systems, new transparency initiatives, and legal efforts driving down infringements.

Ad agency Mother overhauls its global leadership team

Felix Richter has been named the global CCO. Teri Miller has been appointed as global chief client officer, and Katay Mackay-Sinclair has taken the position of global chief brand officer. Chris Gallery has been named as the global chief strategy officer.

Asian Paints appoints Ashish Choksi as additional non-executive director

Ashish Choksi began his career with Asian Paints in 1992.

Ashish Choksi began his career at Asian Paints in 1992, where he managed the Supply Chain for the Industrial Paints Division.

‘India to emerge as world’s 3rd largest M&E market by 2028’: Kevin Vaz at FICCI Frames 2025

Kevin Vaz, Chairman, FICCI Media and Entertainment Committee and CEO - Entertainment, JioStar

The advertising revenue of the M&E sector witnessed an 8.1% growth in 2024, driven by performance advertising on digital platforms, including e-commerce websites, and a surge in demand for premium and digital OOH media

Digital ad spend surges 17% to Rs 700 bn, e-commerce leads growth: FICCI-EY Report

As per the FICCI – EY report, digital media in India has overtaken television to become the largest segment within the M&E sector, contributing an unprecedented 32% to the overall revenues.(Representative Image: Alexander Shatov via Unsplash)

The online gaming segment could struggle unless illegal offshore platforms are not curbed, and Indian companies could look to build out business in foreign countries with a more conducive regulatory environment

United Spirits appoints Praveen Someshwar as MD & CEO

Someshwar has also been appointed as an Additional Director on the Board. (Image: SVP India)

The appointment will be effective from April 1, 2025, for a tenure of five years, subject to shareholder approval.

Perplexity AI crosses $100 million in annual revenue

Despite being "highly under monetized," the company has managed to grow at an extraordinary rate, recording a 6.3x year-over-year revenue increase.

CEO Aravind Srinivas shared this achievement in a LinkedIn post, revealing that the company achieved the milestone just 20 months after launching Perplexity Pro.