LinkedIn violates targeted advertising; fined 310 million euro

LinkedIn acknowledged the need to align its advertising strategies with regulatory expectations.

Previously, Microsoft had indicated that it anticipated a potential fine of around $425 million from the Irish regulator, reflecting the ongoing scrutiny of data privacy practices among major tech companies.

Research reports are not ads, clarifies SEBI

The circular states that SEBI-regulated persons must ensure that no associated person or agent gives any direct or indirect advice on securities.

SEBI has clarified that research reports are not classified as advertisements unless they specifically promote products or services provided by the research analyst.

Zepto leads ad spending surge in quick commerce, outpacing Blinkit

Zepto shelled out Rs 215.82 crore on advertising and promotional activities in 2023

Zepto’s revenue surged by more than 1200 percent in FY2023 to $251.7 million compared to $18.9 million in FY2022 as per the data by Tracxn Technologies Ltd. However, the net profit of the company declined by 198 percent to $158.6 million year-on-year

Ola Electric launches digital twin platform powered by NVIDIA Omniverse

The Ola Digital Twin platform facilitates the planning of Ola Electric's manufacturing facilities, optimizing equipment layouts and accelerating product development lifecycles. It employs advanced simulations and IoT integrations to improve operational efficiency.

The Ola Digital Twin Platform aims to revolutionize manufacturing efficiency, achieving a 20% faster time to market for electric vehicle production.

TCS unveils NVIDIA Business Unit to drive AI adoption across industries

The collaboration also marks TCS’ commitment to advancing the next wave of AI innovations, particularly through digital twin technologies that simulate real-world environments in sectors like manufacturing, aerospace, and agriculture.

The new division will utilize TCS’s global centers of excellence and investments in the NVIDIA AI platform, including NVIDIA AI Enterprise and NVIDIA Omniverse. It will provide tailored solutions for the manufacturing, BFSI, telecom, retail, and automotive sectors, supported by skilled professionals.

Former WPP deal-maker Lance Maerov joins Canaccord Genuity as it expands M&A practice

Lance Maerov, who departed WPP in December after more than two decades with the company, will join Canaccord Genuity's technology, media, marketing, and information M&A practice. (Image source: LinkedIn)

The Canadian investment bank is bolstering its advertising and media mergers and acquisitions team, signalling a potential uptick in agency sector deal-making.