Tesla still weighing India entry, says CFO Vaibhav Taneja

Speaking during Tesla’s earnings call, Taneja explained that India’s 100% import duty on vehicles is a major concern, as it doubles the cost of a car and makes customers hesitant.

Speaking during Tesla’s earnings call, Taneja explained that India’s 100% import duty on vehicles is a major concern, as it doubles the cost of a car and makes customers hesitant.

India a top strategic priority for Unilever’s new CEO, says HUL Chief Rohit Jawa

According to Jawa, Fernandez wants to build India as one of his key markets along in the future.

During the post-earnings call, HUL CEO Rohit Jawa said that the new CEO of Unilever, Fernando Fernandez, is positive on HUL’s operational excellence. “He sees India as a very important part of his overall strategy. He would like India and U.S. to be his anchor markets,” Jawa said.

Zerodha’s Nithin Kamath raises alarm over apps misusing user data without consent

Some apps, he added, also exploit this data to design features that keep users engaged for longer periods, further increasing profits through in-app purchases or ad impressions.

Some apps, he added, also exploit this data to design features that keep users engaged for longer periods, further increasing profits through in-app purchases or ad impressions.

Global Ads Spotlight: A Handshake and a deal – how Mercado Libre reinvented Black Friday marketing in Brazil

Mercado Libre partnered with the second best television network, Globo TV, and took the help of its programming to extend its reach to 70 million people and spread the word of ‘Handshake Hunt’ and the deals one can benefit from. (Snippets from the campaign)

Mercado Libre’s experiment with “Handshake Hunt” demonstrated how technology and cultural observation can combine to deliver fresh engagement. Read more in today’s Global Ads Spotlight column.

CARS24 acquires Team-BHP to boost India’s automotive enthusiast community

CARS24’s role will centre around enhancing Team-BHP’s technology, product features, and use of artificial intelligence, helping improve the overall experience for readers and community members.

Though the financial terms of the deal have not been disclosed, both companies emphasised that Team-BHP will continue to operate independently, led by its founding team.

PSUs fuel ‘Reverse Auction’ menace, undermining media ethics and agency value

Industry experts suggest PSUs contribute around 5-7% of India's total AdEx which is approximately over Rs 7,500 crore. (Image: Via Unsplash)

Industry veterans suggest that media retainers and commission frameworks must be standardized, urging industry bodies to take a more proactive role in advocating for change.