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Coca-Cola India’s ad and sales promo expenses up 35.47% to hit Rs 1,520.21 in FY24

Coca-Cola India continues to operate with several power brands, including Coca-Cola, Thums Up, Limca, Sprite, and Minute Maid.

Coca-Cola India’s expenses on advertising and sales promotion were up 35.47 per cent to Rs 1,520.21 crore during FY24, from Rs 1,122.11 crore a year ago.

Clevertap’s Global CEO Sidharth Malik steps down; Sunil Thomas succeeds him

Sidharth Malik began his career as a national manager at Tata Elxsi and went on to work across IBM India, Microsoft Corporation, salesforce.com, Akamai Technologies, and Freshworks.

Currently, Sidharth Malik is the SaaS Advisory Board Member at WestBridge Capital.

Jubilant FoodWorks reports 26.4% decline in PAT; adds 73 new stores globally

Jubilant FoodWorks added 73 net stores in the quarter, including 51 stores in India, 17 in Turkey and 5 in Bangladesh.

Domino’s witnessed a revenue growth of 8.1 per cent while it saw an increase of 20.2 per cent in orders in Q2 FY25.

South Asia telecom leaders convene to discuss regional connectivity, digital transformation

TRAI also said, "No further requests for extension would be considered."

Minister Jyotiraditya M. Scindia highlighted India’s digital leadership at SATRC-25, urges collaboration on connectivity and sustainable development goals.

Devyani International signs three new franchise agreements, revenue rises 49% in Q2

In H1 FY 2025, DIL opened 139 net new stores. The consolidated Revenues stood at Rs. 24.4 billion, growth of 47% vs H1 FY24 and the consolidated Reported EBITDA closed at Rs. 4.2 billion, with margin at 17.3% vs. 19.9% in H1 FY24. (Image source: Devyani International website)

Devyani International has further expanded its portfolio by securing exclusive master franchise rights for three modern QSR brands: TeaLive, New York Fries, and SANOOK KITCHEN.

Q2 Results: Blue Dart sales at Rs1,448 Crore; investing in e-commerce distribution

Smaller cities displayed the highest growth rate in spends, climbing to 13% in 2024.

“We are also investing in the development of strategic ground hubs and delivery centers for B2B and e-commerce distribution,” said Balfour Manuel, Managing Director, Blue Dart Express Ltd.

US election, Donald Trump fuel crypto ad boom in India; players up spends by 15%

Once Donald Trump begins implementing crypto regulations, many countries including India might follow suit, though the frameworks will require time, say experts.

US election results have ignited a trading frenzy in India with platforms recording the highest hourly volume this quarter. Experts point out ad spending to grow nearly 100% in the coming months.

Asian Paints does not see a sharp turnaround in Q3; Flags high discounts, competition

While unorganised players continue to remain a threat to incumbents, aggressive forays by the Birlas, through Birla Opus and the JSW Group is further fuelling the competitive intensity. The management of Asian Paints too alluded to high competition from both organised and unorganised players. (Image source: YouTube)

For the full year, Asian Paints anticipates single-digit volume growth and is confident of keeping margins between the 18% to 20% range.

TRAI extends deadline for comments on Network Authorisations consultation paper

The consultation paper followed the Department of Telecommunications (DoT) letter dated July 26 to TRAI.

Telecom Regulatory Authority of India (TRAI) released a Consultation Paper on the Terms and Conditions of Network Authorisations to be Granted Under the Telecommunications Act, 2023 on October 22, 2024.