Category: Marketing

  • Wamiqa Gabbi joins Softline as brand ambassador for new campaign

    Wamiqa Gabbi joins Softline as brand ambassador for new campaign

    Mumbai: ‘Match It by Softline’, a dynamic collection by Rupa & Company, proudly launches its new campaign, ‘Aren’t We All Girls?’ to honor the strength, resilience, and vibrant lives of modern Indian women. With this launch, Softline announces actress Wamiqa Gabbi as the campaign’s brand ambassador, embodying the values of authenticity, versatility, and empowerment.

    The upbeat campaign showcases women confidently dancing to an empowering anthem, reinforcing the campaign’s unifying message, “Aren’t we all girls?”—a bold tribute to shared womanhood and camaraderie.

    Designed to cater to the active, diverse lifestyles of Indian women, the ‘Match It by Softline’ collection brings versatile outerwear in rich colors, prints, and patterns. With pants, leggings, palazzos, and tees, each item allows for endless mix-and-match styling, providing a seamless blend of style and comfort.

    Commenting on the campaign, Rupa & Company director, Vikash Agarwal stated, “India’s rise on the global stage is powered by its youth, and our young women are leading the way in every sphere of life. ‘Match It by Softline’ reflects the essence of this ‘Girl Power.’ We are delighted to collaborate with Wamiqa Gabbi, our new brand ambassador, whose style and energy perfectly complement the values of our brand. With our range of pants, leggings, palazzos, and tees, we’re confident that women will love the versatility and flair of our collection.”

    Expressing her enthusiasm, Wamiqa Gabbi said, “I’m thrilled to be part of this journey. Softline’s focus on comfort, style, and adaptability resonates with my own approach to fashion. It’s empowering to represent a brand that designs for the diverse needs of today’s women, offering both elegance and ease.”

    https://softlinegirl.com

  • IAS launches Curation with Google Ad Manager for brand-suitable inventory

    IAS launches Curation with Google Ad Manager for brand-suitable inventory

    Mumbai: Integral Ad Science (IAS) has introduced IAS Curation in partnership with Google Ad Manager, providing programmatic buyers a deal-based approach to curate inventory directly at the source. This solution is designed to meet advertiser benchmarks for context, brand safety, and viewability, helping drive performance at scale.

    IAS Curation enables advertisers to apply avoidance and contextual targeting strategies across Google Ad Manager, consolidating bids on high-quality inventory and targeting relevant content efficiently. Using predictive science, IAS pre-screens and categorizes pages, allowing brands to identify suitable inventory and avoid undesirable content.

    “Brand suitability and contextual relevance are top priorities for programmatic buyers who are looking to avoid wasting ad spend on poor quality inventory such as MFA or ad clutter,” said IAS chief product officer Srishti Gupta. “IAS Curation gives programmatic buyers on Google Ad Manager a way to elevate their supply strategy and efficiently maximize returns on their media investments through AI-driven optimisation.”

    IAS Curation for Google Ad Manager provides global advertisers with:

    1   Customisable inventory: Advertisers running programmatic campaigns can now incorporate IAS enrichment to tailor supply before it reaches their buying platform.

    2   Precision targeting: IAS’s natural language processing-powered contextual classification enables advertisers to target only relevant, quality content so advertisers can avoid content their brand does not align with.

    3   Quality inventory: With contextual avoidance, brand safety & suitability, and MFA filtration available before it reaches a bidder, advertisers can reduce waste and maximise ROI using AI-driven measurement & optimisation.

    The launch of IAS Curation with Google Ad Manager expands IAS’s ongoing collaboration with Google. In June 2024, IAS extended its brand safety and suitability measurement for YouTube to include reporting for Performance Max and Demand Gen campaigns on Google Ads. In 2023, IAS made its Total Media Quality (TMQ) brand safety and suitability measurement available for YouTube Shorts, providing advertisers broader coverage for brand safety.

  • IAMAI gears up for 10th India Affiliate Summit in Gurugram

    IAMAI gears up for 10th India Affiliate Summit in Gurugram

    Mumbai: The internet and mobile association of India (IAMAI) is poised to host the milestone 10th edition of the India Affiliate Summit (IAS), set to unfold on 7-8 November 2024, at The Leela, Ambience, Gurugram. With vCommission as the title partner, IAS 2024 will bring together top marketers, thought leaders, and innovators to explore the latest trends and growth strategies in affiliate marketing.

    This two-day event will feature a dynamic lineup, including keynotes, masterclasses, panel discussions, and networking opportunities. Sessions will spotlight new insights and cutting-edge strategies across affiliate marketing, e-commerce, and D2C sectors. Industry heavyweights such as NP Digital, founder, Neil Patel; vCommission, CEO, Parul Bhargava; India Today Group CMO and IAMAI digital advertising council chairman, Vivek Malhotra; Indian Express Digital, CEO, Sanjay Sidhwani; and Adani Group, chief digital officer, Nitin Sethi will lead discussions on topics ranging from affiliate success strategies to influencer marketing and building resilient affiliate ecosystems.

    IAS attendees can expect valuable, actionable insights to optimise their strategies in affiliate, performance, and programmatic marketing. To mark the occasion, IAMAI will release a significant document on ‘Best Practices for Affiliate Marketing in India’ on 7 November.

    indiaaffiliatesummit

  • Vinay Pictures teams up with A47.in

    Vinay Pictures teams up with A47.in

    Mumbai: Vinay Pictures announced its collaboration with A47.in to launch an exclusive range of Andaz Apna Apna merchandise, in celebration of the film’s 30th anniversary. It will have everything from Amar and Prem’s endless antics to the unforgettable “Gogoji aapka ghagra!”. The new collection is a tribute to the laughter and unforgettable dialogues that has shaped generations of Bollywood lovers.

    Set to launch on 4 November 2024, the exact date the movie hit the big screen three decades ago, this collection brings the movie alive in a whole new way. From Rs 799/- onwards, the merch lineup includes tees and comfy hoodies to fun notebooks, tote bags, posters, and more.

    Namrata, Priti & Amod Sinha from Vinay Pictures, are excited about this collab. They share that, “Our Father, Producer Vinay Kumar Sinha’s iconic cult comedy film, Andaz Apna Apna continues to be loved by fans across generations. We’re happy to team up with A47 to create a merchandise range that truly reflects the spirit of the film. From Amar and Prem’s mischief to Crime Master Gogo’s goggle, this collection lets fans wear a piece of cinematic history and keep the fun going!”

    A47 founder & CEO Bhavik Vora said, “At A47, we’re all about celebrating India’s coolest stories, and Andaz Apna Apna is a true cinematic gem. Like so many fans, we’ve grown up quoting Amar and Prem’s hilarious lines, and this collection is a dream come true for us. We’ve put our heart into designing merchandise that captures the fun, nostalgia, and madness of the movie—and we hope fans love it as much as we do!”

  • Weekend Unwind with LA Empire’s Ankit Lodha

    Weekend Unwind with LA Empire’s Ankit Lodha

    Mumbai: With another weekend upon us, it is time to unwind with the latest Q&A edition of Indiantelevision.com’s Weekend Unwind – a series of informal chats that peek into the minds of business executives through a fun lens in an attempt to get to know the person behind the title a little better.

    In this week’s session, we have LA Empire founder Ankit Lodha, a visionary entrepreneur transforming the rental and vacation home market. Since launching LA Empire in 2022, Ankit has tackled key industry issues like fake listings and price transparency, growing a portfolio of nearly 30 properties across rentals and vacation homes. With flexible mid-term leases and unique experiences, LA Empire is setting new standards in real estate.

    Without further ado, here it goes…

    Your mantra for life

    Nothing changes, if nothing changes. If you want to achieve something you never had, you have to be ready to do something you have never done before.

    A book you are currently reading or plan to read

    Buy Back Your Time by Dan Martell, it focusses on how to scale business, fast, while avoiding burnout. Trading money for time—that is, buying back free space in your calendar—will give you more financial success than you ever dreamed possible.

    Your fitness mantra

    I don’t let my mind hold my body back. Every day I aim to push myself and do something new to challenge myself and grow physically and mentally.

    Your comfort food

    Italian food is my comfort food, Pizza; Pasta all day, every day!

    A quote or philosophy that keeps you going when the chips are down

    The future you is depending on the current you to keep the promises you made in yesterday.

    Your guilty pleasure

    I am passionate about cars and enjoy going for long drive. Right now, my favourites guilty pleasures are my Ferrari, Porsche and Maybach.

    The last time you tried something new

    Last week, I started doing 30 second cold plunge every day after a long workout session.

    A life lesson you learned the hard way

    Same inputs = same outputs. You can’t expect your life to change if you keep doing the same things. Same inputs will give you same outputs. Once I realized this, I started changing my inputs and then saw the change in outputs as well

    What gets you excited about life?

    Helping people by solving their problems through modern real estate solutions. When people move to new cities and country, they can focus on the main objective such as education, job, career and not worry about their housing or set-up issues. Personally gone through the situation, I understand the pain points and now I like to solve their problems through next generation real estate solutions.

    What’s on top of your bucket list?

    To buy a private jet – it’s like a time machine. It can take us from one global office location meeting to another very quickly and be back to the office on same day

    If you could give one piece of advice to your younger self, what would it be?

    Believe in yourself. Everyday focus on improving yourself and start embodying the future version of yourself that you want to be. It will help you bridge the gap between current version of yourself and future version of you.

    One thing you would most like to change about the world

    I would change extreme weather conditions, for example: hurricanes; tsunamis; blizzards; etc. The number of lives saved as well as money would be amazing.

    An activity that keeps you motivated and charged during tough times

    Going to gym or doing anything physical such as running, swimming going or even simple physical activities such as going out of walk in nature of garden.

    What lifts your spirits when life gets you down?

    Practicing Gratitude. I start focusing on the positive aspects of your life can create an instant shift in your perspective. Taking a moment to reflect on the things you’re grateful for – whether it’s a supportive friend, a beautiful sunset, or a small accomplishment. This practice can bring a sense of contentment and happiness.

    Your go-to stress buster

    Is to be active. Being active won’t make stress disappear, but it can help to reduce some of the intense emotions you’re feeling. It can also help to clear your thoughts. This will help in dealing with your problems more calmly.

    There are lots of ways to be more active. Activities with breathing exercises and movement are particularly helpful for stress. One example of this is yoga.

  • bigbasket & Spotify partner to make Diwali more lit

    bigbasket & Spotify partner to make Diwali more lit

    Mumbai: bigbasket, a Tata enterprise, has teamed up with Spotify to add music to Diwali celebrations. Each Diwali-themed delivery bag will feature a Spotify QR code, linking to three playlists tailored for the festival: preparation, puja, and party. Through the ’10 Minute…Diwali Lit’ campaign, customers can scan the codes for instant access to music that fits each Diwali moment.

    bigbasket head of digital and marketing communications Anand Bhaskaran said, “At bigbasket, we believe that festivals are all about creating memorable moments with loved ones. Our collaboration with Spotify adds an extra spark to Diwali by blending music with convenience, so our customers can enjoy their celebrations even more.

    Alongside this musical partnership, bigbasket continues its 10-minute delivery service, meeting customers’ Diwali needs from decorations and gifts to groceries and sweets. Whether it’s last-minute prep or a quick grocery run, bigbasket has every Diwali essential covered.

  • One click, big impact: Click-to-WhatsApp ads power India’s small business boom

    One click, big impact: Click-to-WhatsApp ads power India’s small business boom

    Mumbai: Click-to-WhatsApp Ads are reshaping India’s digital marketing landscape, offering small businesses a direct line to engage customers at scale, which has proven particularly valuable in a digitally diversified market like India. This trend has seen significant growth as WhatsApp, with over 500 million users in India, is deeply embedded in the country’s communication culture. From mom-and-pop stores to artisans and niche e-commerce brands, click-to-WhatsApp ads have become a cost-effective, accessible gateway for customer interaction, facilitating direct messages, product inquiries and conversions, making them especially effective during the festive season.

    For India’s small businesses, click-to-WhatsApp ads provide more than just visibility; they offer a real-time conversational channel to drive sales. Many small retailers and artisans operate with limited budgets, and traditional advertising channels often don’t yield the immediate, measurable responses that click-to-WhatsApp ads can generate. Through this format, businesses can engage customers quickly, answer queries, share catalogues, and even process orders within the app. This direct connection has empowered small businesses to extend their reach to new customers and engage returning ones, allowing them to scale operations without heavily investing in elaborate e-commerce setups or dedicated customer service teams.

    The feature has also fostered trust with consumers, as it enables personal, real-time conversations with brands. For businesses, this results in lower customer acquisition costs and better conversion rates, particularly during high-traffic periods like the festive season when consumers are actively seeking personalised products, services and exclusive offers.

    On the question of content that works best in the favour of Click-To-WhatsApp Ads to engage potential customers, White Rivers Media group head – media, Tejas Maha said, “Click-to-WhatsApp Ads work best with clear, personalised, and action-driven content. Messaging that quickly highlights key benefits paired with engaging visuals like images or videos grabs attention fast. Interactive elements like polls or quick-response options invite immediate interaction.”

    As for festive ad spends, he replied, “As festive ad spends increase, brands will double down on digital strategies, with Click-to-WhatsApp Ads leading direct consumer engagement. Personalisation powered by AI and automation will speed up response times, while omnichannel marketing ensures a seamless experience across platforms. This approach has the potential for higher engagement and conversion rates, setting the stage for a more dynamic and responsive digital marketing environment.”

    On the question of challenges, Gupshup senior director- marketing Vartika Verma said, “One of the biggest challenges that marketers face is the lack of or the need for more First-Party Databases. As businesses grow, marketing leaders must look to increase their customer base while also trying to increase return on ad spends. This is where Click-to-WhatsApp comes into play wherein every click on the ad can lead to a conversation on WhatsApp. The two-way conversations on WhatsApp can be automated to qualify and convert leads, with an added advantage of having a 72-hrs retargeting window for CTW Ads.

    To effectively manage the growing volume of inbound customer conversations, brands need an intelligent automation platform to effectively turn conversations into conversions. Gupshup’s Conversation Cloud has rich capabilities such as personalisation and AI-powered conversations that increase the efficiency of Ads that click to WhatsApp.

    To optimise Click-to-WhatsApp ads, we are helping brands create compelling ad campaigns with high quality visuals, concise messaging and a strong call to action. Once the customer enters the chat, brands are bringing in personalization and are leveraging automation to offer immediate responses, collect preliminary data and even guide users through a series of questions to better understand their needs. We’ve also seen brands offer value driven incentives such as exclusive discounts, special offers, which helps accelerate the lead generation process.

    Businesses are leveraging the personalise feature of our platform to tailor their campaigns and conversations based on customer history and real-time actions from their website, app, or any other owned asset. This drives more efficiency and intuitively guides marketers to identify the right audience, who has a higher propensity to respond, and above all what they would be most likely to engage with or buy.”

    For building stronger relationships with customers during major sales events like Diwali or Christmas, she replied, “According to the global “Seasonal Holidays Study” by YouGov, 61 per cent of holiday shoppers say they spend more time online during the holiday season compared to other times. The increased media consumption correlates with intensified shopping activities, such as the discovery and purchase of a wider range of categories.

    Another trend that we observed in 2023 was that holiday shoppers are open to discovering new brands and products online. They enjoy personalised shopping experiences and relevant messaging more than ever.

    Today, customers expect to reach out to brands like they reach out to their friends – on social messaging channels, via natural language input, at their convenience. Ads that Click to WhatsApp layered with automated conversational workflows have been instrumental in sparking that instant conversation that leads to more engagement and conversions.  

    Brands can create festive-themed chatbots that not only provide instant responses but also share personalised product recommendations based on customer preferences and past behaviours. This level of customization helps brands stand out in a crowded marketplace, as customers appreciate the effort made to cater to their individual needs and interests. Moreover, by leveraging WhatsApp’s high engagement rates—where messages boast a 98 per cent open rate—brands can ensure that their festive offers are seen and acted upon promptly.

    Additionally, these Conversational ads enable brands to build anticipation for upcoming sales by sending teasers and exclusive previews of discounts directly to customers’ chats. This approach not only keeps customers informed but also creates excitement around the brand’s offerings. By blending promotional content with engaging interactions, brands can create a memorable shopping experience that goes beyond mere transactions.

    Here are some examples where brands have used Gupshup’s platform to build superior customer experience at a lower cost-

    -An IPL team was able to drive down cost per fan acquisition to 1/4th of traditional ads. They were able to generate 28 per cent more leads as compared to traditional ads.

    -An e-commerce company in India leveraged Ads that Click to WhatsApp to drive app downloads. The company saw 1/10th of the cost per install with gamification.

    -A leading wearables brand created excitement and built first party data prior to product launch and saw 1.6X sign-ups on WhatsApp compared to web forms.

    -A leading home furnishing brand saw 75 per cent reduction in cost per qualified lead compared to traditional digital ads.”

    She again emphasised a bit on challenges before concluding, “For many years, shoppers have allocated a significant portion of their Mega Sales Days budget towards Black Friday and Cyber Monday, particularly in Europe, Middle East, Africa and North America. The trend in India is not very different. Shoppers are spending more time online, discovering new brands, shopping for themselves, and purchasing gifts. Amidst all this, the biggest challenge for marketers is not to only market right but also to stand out from the other advertisers.

    Personalised offers make customers feel valued and increase the likelihood of interaction. Businesses often use Click-to-WhatsApp ads to share exclusive holiday discounts or personalised offers directly with users, addressing them by name and referencing their past interactions or purchases. This targeted approach can drive more engagement, encouraging users to initiate a conversation with the brand.

    To make the most of Ads that Click to Whatsapp, our advice for brands is to test and scale their conversational journeys. By preparing journeys in advance, brands can automate lead qualification, give AI-powered product suggestions, and automatically trigger nudges based on customer activity, such as abandoned carts and more. This not only adds to customer delight but also deflects the workload on human agents.”

    Runway Realty group marketing chief officer Rima Kirtikar said, “For the upcoming festive season, we’re focusing on curating unique experiences in terms of big spike events like Music concerts, stand-up comedy acts & food fest. To name a few – we have Biswa Kalyan Rathi performing on the 13 October, and Masters of Scene performing ABBA TRIBUTE on the 18 October. Seedhe Maut concert – India Tour is on 20th October, we have the Indian navy perform band on 24th October and we close the action-packed October with Bhukkad Flea – Food fest on 26 & 27 October. In addition to the above, we have Diwali décor coming up by mid-October which will form a lovely backdrop to all the social pictures. There will be an array of engagement options and workshops for all our visitors. Our aim is to provide a holistic shopping experience that captures the festive spirit while offering a wide range of choices.

    This year, we’ve noticed a shift in consumer behavior where shoppers are more inclined towards premium products and experiences. There’s also a growing interest in sustainable and locally-sourced products, which we are actively supporting by offering a selection of such brands in our stores.

    She further stated on how R-City supports its retail partners in maximizing sales and creating festive offers to which she said, “At R-City, we are deeply committed to supporting our retail partners in maximizing their sales, especially during the festive season. To enhance their reach, we are rolling out high-impact pan-Mumbai print advertisements along with dynamic digital campaigns that aim to drive footfall from across the city. Additionally, the exciting lineup of events we have planned will attract customers from all corners of Mumbai to the mall.

    We are actively encouraging our brands to focus on creating memorable festive experiences for customers. While they work on offering attractive discounts, promotions, and gratification, we are collaborating with them on joint marketing initiatives. These include customized promotions and prime space allocations for festive product displays, ensuring that our brands connect with the right audiences and see a significant boost in sales this festive season.”

    On leveraging technology and digital platforms to enhance the festive shopping experience, she concluded by saying, “At R-City, we recognize the importance of technology in enhancing the customer experience, especially during the festive season. While our primary focus remains on creating vibrant, on-ground experiences at the mall, we are also leveraging digital platforms to keep our customers informed and engaged. Through targeted digital campaigns, social media interactions, and online festive offers, we are connecting with our audience to ensure they stay updated about the exciting promotions and events happening at the mall. This approach keeps the focus on your existing efforts while acknowledging the role of digital platforms.”

  • Auto Brands tune in to Entertainment TV channels to tackle inventory surplus

    Auto Brands tune in to Entertainment TV channels to tackle inventory surplus

    Mumbai: As Diwali, India’s most radiant and cherished festival, approaches, the season of joy and prosperity stirs excitement across the country. The festive atmosphere peaks with ‘Dhanteras,’ a day when buying gold, new homes, and cars is seen as a harbinger of good fortune. This year, India’s top auto brands are seizing the moment, fueling their promotions through India’s most powerful advertising tool—Television. With an estimated 7.3 lakh cars sitting unsold, manufacturers are going all out, lighting up prime-time GEC shows and blockbuster movies to spark demand and give a festive boost to their sales projections, which hover at a modest 4-5 per cent growth.

    BARC data reveals that auto brands have substantially increased their activity on linear TV. In September 2024, the four-wheeler segment saw a 20 per cent spike in the number of active advertisers, with leading names like Hyundai, Skoda, Maruti, Tata Motors, and Volkswagen investing heavily in ads, particularly on Hindi entertainment channels. Brands like Hyundai Alcazar and Skoda returned to TV to promote their facelifted models, while new entrants Tata Curvv and Citroën Basalt have leveraged linear TV to make a splash. Key Players like Honda and PCA Automobiles resumed TV campaigns in August 2024 after a year-long hiatus.

    The two-wheeler segment recorded an even bigger jump, with a 54 per cent rise in advertisers during the same period. Bajaj Auto, Classic Legends and Eicher Motors have all made a return to TV advertising. Yamaha India took an aggressive approach, ramping up its entertainment ad activity by 2.5 times in July – Sep 2024 compared to the same period last year. These efforts underscore the medium’s ability to create memory structures that build brand recall and drive sustained growth.

    Why television makes sense for auto brands

    Larger-than-life visuals on a large and a high degree of viewer attention make Entertainment channels an essential platform for auto brands to boost awareness and brand consideration. More importantly, the co-viewing nature of linear TV typically leads to higher conversations which induce more search interest, more customer inquiries and increased website traffic, ultimately translating to showroom visits and sales.

    Yamaha India, general manager, marketing strategy division, Vijay Kaul, “This festive, we launched our campaign with TV towards the end of September, focusing on tactical promotion to build top-of-mind (TOM) awareness and drive brand consideration. Linear TV and print remain the key mediums for reaching a broad audience, given TV’s unmatched reach. Additionally, the campaign is bolstered by influencer marketing and performance marketing to engage the lower funnel, helping to generate dealership walk-ins, leads, and boost bookings in the run-up to Diwali.”

    Proven impact of TV ads on sales performance

    If one studies past data, there is a strong correlation observed between a high decibel TV campaign and car sales performance – be it established car models or newly launched ones.

     

    For example, Maruti’s compact SUV Fronx, launched in April 2023, experienced a 38 per cent sales increase in Q3 & Q4 of 2023. Similarly, Kia Carens & Maruti Suzuki Grand Vitara ran a strong campaign in the quarter when they launched and recorded a 50 per cent jump in sales in the subsequent quarters. Even existing car models like Kia Seltos and Maruti Brezza saw a significant boost in sales after a TV campaign last year.  

    With television’s broad reach across a spectrum of audiences and unique ability to capture attention, brands are not only addressing immediate sales needs but also investing in long-term brand equity. This festive season, television stands firmly as the linchpin of automotive advertising, linking brands and buyers at a moment when the glow of Diwali could well illuminate the road to greater prosperity.

  • How to Calculate Fixed Deposit Interest Rate

    How to Calculate Fixed Deposit Interest Rate

    Fixed Deposits (FDs) are among the most popular ways to save and invest money. FDs offer better interest rates than savings accounts and keep your capital secure. Moreover, the interest earnings are predetermined based on the interest rates that the FD offers, which remain constant throughout the FD tenure. But how exactly is the interest on your FD calculated? Let us try and understand the FD interest calculation process in this article.

    Fixed deposit interest rates

    A fixed deposit allows you to deposit a specific amount of money for a fixed period with a bank. In return, the bank pays a specific rate of interest on your capital. The interest rates on FDs are generally higher than regular savings accounts. Banks set their FD interest rates based on several factors, including the Reserve Bank of India’s policies, the bank’s need for funds, and the overall economic conditions. Most banks offer higher interest rates for longer deposit periods. For example, a five-year FD might give you a higher interest rate than a one-year FD.

    Calculating interest on fixed deposits

    For fixed deposits with a tenure of up to one year, the simple interest formula can be applied, where:

    Interest = Principal x Rate x Time

    Here, the principal is your capital amount, the rate is the annual interest rate, and time is the number of years.

    For example, if you invest ₹1,00,000 for one year at 7% interest:    
    Interest = 1,00,000 x 7/100 x 1     
    = ₹7,000

    Calculating compound interest

    For fixed deposits longer than a year, banks use compound interest. This means the interest earned is added to your principal at regular intervals, and subsequently you earn interest on this increased amount.

    The formula for compound interest is more complex:    
    A = P(1 + r/n)(nt)

    Where:    
    A = Final amount    
    P = Principal amount    
    r = Annual interest rate     
    n = Number of times interest is compounded per year    
    t = Number of years

    Banks may choose to compound the interest monthly, quarterly, half-yearly, or yearly. More frequent compounding leads to slightly higher returns. For instance, monthly compounding on an FD will give you more interest than yearly compounding at the same interest rate.

    If you’re confused about how this complex formula works, then you can simply use an online fixed deposit calculator to determine the interest earnings on your fixed deposit account by just inputting the capital, interest rate, and tenure.

    If you wish to start investing in an FD, you can consider opening an online fixed deposit account with IndusInd Bank. Some of the salient features of IndusInd Bank Fixed Deposits include:

    ● Online FD account opening with instant online KYC   
    ● Competitive interest rates for higher returns   
    ● Easy to manage and operate FD through the IndusMobile app   
    ● Flexible tenures and multiple interest payment options to choose from

    To conclude

    Understanding how FD interest is calculated can help you make informed investment decisions. While the calculations may seem complex, the basic principle is simple: the longer you invest your capital and the higher the rate of interest, the more your money grows. However, make sure to compare rates from different banks, consider the compounding frequency, and factor in taxes when choosing your FD investments.

  • Adani Power Q2 FY25 profits dwindle amid rising fuel costs and debt

    Adani Power Q2 FY25 profits dwindle amid rising fuel costs and debt

    Mumbai: In a market increasingly driven by challenges, Adani Power’s Q2 FY25 financial report paints a bleak picture. With a consolidated profit of Rs 3,297.52 crores—a sharp decrease from last year’s Rs 6,594.17 crores—the company finds itself navigating rising fuel costs and increased debt obligations that are quickly eroding its bottom line.

    Adani Power’s Q2 revenues showed marginal growth to Rs 13,338.88 crores, a slight rise from Rs 12,990.58 crores in Q2 FY24. However, this pliability is overshadowed by mounting expenses, particularly in fuel costs, which surged by 4 per cent year-over-year to Rs 7,032.22 crores. As the company relies heavily on imported coal, volatile global energy prices have sharply impacted operating costs, squeezing profit margins even further.

    The debt situation poses a critical challenge. The company’s consolidated finance costs stood at Rs 806.87 crores, indicating a substantial debt load that continues to swell. Adani Power’s current liabilities reached an alarming Rs 52,788.77 crores, up from Rs 49,179.74 crores just a year ago. With recent borrowings amounting to Rs 5,000 crores, the company’s strategy to navigate debt remains a question mark for investors.

    Adding to the financial strain, deferred tax expenses have spiked, with an expense of Rs 706.30 crores in Q2 FY25 compared to a tax credit last year. Coupled with a reduction in net profit and mounting tax liabilities, the company’s financial health appears fragile, risking potential downgrades from creditors.

    In Q2, the board also approved an amalgamation with Adani Power Jharkhand, a move intended to streamline operations. Despite the expected efficiencies, this restructuring might not yield immediate financial benefits, adding complexity to an already stressed balance sheet.

    While Adani Power continues to expand its portfolio, these fiscal pressures pose significant hurdles. The immediate challenge lies in addressing fuel costs and debt servicing, with failure to mitigate these factors likely to strain cash flows and diminish investor confidence.