Blog

  • Navi Technologies Ltd renamed to Navi Ltd

    Navi Technologies Ltd renamed to Navi Ltd

    MUMBAI: Navi Technologies Ltd announced that it has officially changed its name to Navi Ltd, aligned with the company’s evolution from a technology-led disruptor to a holistic financial services destination built around the needs of Indian consumers.

    The rebranding underscores the company’s focus to position itself  as an integrated, customer-centric institution encompassing lending, insurance, asset management, and UPI services, committed to making money simple, seamless, and accessible for millions of Indians.

    “The new name fits who we are today. Not only are we a technology provider, we are a full-fledged destination for financial services for our customers,” said Navi Group founder and executive chairman, Sachin Bansal. “It signals both simplification and scale – two ideas core to our philosophy.”

    Navi Ltd MD & CEO Rajiv Naresh added, “This change aligns with the company’s evolution. While technology remains core to how we build, our focus today is broader. The new name reflects the company we’ve become: more integrated, more customer-focused, and ready for the next phase of growth.”
     

  • Indigo Paints brushes off slowdown with steady Q1 despite muted demand

    Indigo Paints brushes off slowdown with steady Q1 despite muted demand

    MUMBAI: Even a splash of rain couldn’t wash away Indigo Paints’ colours this quarter though the palette did lose some of its shine. For the quarter ended 30 June 2025, the company’s standalone net revenue from operations inched up 0.3 per cent year-on-year to Rs 94.9 crore, despite muted industry demand. Consolidated revenue, however, dipped 0.7 per cent to Rs 308.9 crore, with management citing early monsoons as a key drag.

    Margins showed signs of wear. Standalone gross margin slipped to 46.1 per cent from 47.0 per cent a year earlier, while EBITDA margin narrowed to 14.8 per cent from 15.6 per cent, largely due to higher fixed costs and slower scale-up. PAT margin held nearly flat at 8.8 per cent, with net profit easing just 0.4 per cent to Rs 26.4 crore.

    On a consolidated basis, gross margin stood at 45.9 per cent, EBITDA margin at 14.3 per cent, and PAT margin at 8.3 per cent. Net profit fell 2.2 per cent year-on-year to Rs 26.1 crore, while EBITDA excluding other income dropped 6.5 per cent to Rs 44.3 crore.

    The results suggest that while the paint maker Indigo Paints is holding its hue in a subdued market, it will need a stronger coat of demand in the coming quarters to restore the gloss.

  • Kevin Vaz honoured as the Media Person of the Year at the 12th IAA Leadership Awards 2025

    Kevin Vaz honoured as the Media Person of the Year at the 12th IAA Leadership Awards 2025

    MUMBAI: The 12th edition of the IAA Leadership Awards, held in Mumbai last evening, celebrated excellence across marketing, advertising, and media with Kevin Vaz, CEO – Entertainment, JioStar, receiving the coveted Media Person of the Year title. Organised by the International Advertising Association (IAA) India Chapter, the awards honour individuals whose leadership, creativity, and vision have left a lasting impact on the industry.

    “I’m truly humbled and grateful to receive this recognition. It’s a special moment for me, especially as I complete close to 30 years in this industry that I’ve quite literally grown up with. A heartfelt thank you to the International Advertising Association for this honour. IAA has always championed excellence and innovation across our industry and I’m proud to be recognised by an organisation that has played such an important role in shaping the media and marketing landscape.” said Kevin Vaz on receiving the award.

    With nearly three decades of experience in the Media & Entertainment sector, Kevin has been instrumental in driving growth, strategic expansion, and innovation across television, OTT, and films. At JioStar, he leads the entertainment business for both the network and JioHotstar, scaling revenues, expanding market share, and integrating content creation with monetisation. His career spans leadership roles at Star India, Viacom18 and Disney Star, where he launched and shaped language markets, and spearheaded industry-first strategies.
     

  • Streaming to the top: Karan Bedi named OTT Leader of the Year

    Streaming to the top: Karan Bedi named OTT Leader of the Year

    MUMBAI: When it comes to India’s streaming wars, Karan Bedi is clearly playing in the big league. The head of Amazon MX Player has been crowned ‘Leader of the Year OTT’ at the 12th IAA Leadership Awards, held on 7 August 2025 at Taj Lands End, Mumbai. Instituted in 2013 by the International Advertising Association India Chapter, the awards celebrate excellence in business, marketing, and corporate leadership. This year’s jury, chaired by Colgate-Palmolive India MD & CEO Prabha Narasimhan, recognised Bedi’s role in steering Amazon MX Player to the forefront of India’s digital entertainment.

    Under his watch, the free streaming service has delivered a buffet of genres from cult thrillers like Aashram to emotionally charged dramas such as Mitti – Ek Nayi Pehchaan, high-octane action with Hunter S2 – Tootega Nahi Todega, and reality hits like Realme Hip Hop India Season 2. As per Ormax Media, 8 of India’s Top 50 digital shows in H1 2025 were from MX Player’s stable.

    The platform also boasts MX Vdesi India’s largest localised international content library, featuring dubbed global shows, anime, and films. It’s a strategy that has kept the service on advertisers’ radars while winning over audiences nationwide.

    “This recognition is for our entire team,” said Bedi. “Our mission is to deliver high-quality, free entertainment rooted in local stories, while enabling advertisers to reach audiences across India. Seeing our content resonate with millions is the most rewarding part of the journey.”

    With audience loyalty, advertiser trust, and an expanding content portfolio, Bedi’s leadership shows that in OTT, it’s not just about playing the game, it’s about changing it.
     

  • TAM Adex: Indian TV advertising takes a breather as brands tighten purse strings in H1 2025

    TAM Adex: Indian TV advertising takes a breather as brands tighten purse strings in H1 2025

    MUMBAI: India’s television advertising market has hit the brakes. Ad volumes per channel tumbled 10 per cent in the first half of 2025 compared with the same period last year, signalling what industry watchers call a “strategic recalibration” in advertiser spending.
    top 10 brandsThe pullback comes as brands reassess their media strategies amid economic uncertainty. Yet some categories are thriving. Food and beverages maintained their dominance with a 22 per cent share of total ad volumes, followed by personal care and hygiene products at 16 per cent.

    The real winners were toilet and floor cleaners, which saw ad spending surge 16 per cent—the highest growth among major categories. E-commerce firms splashed out too, with online shopping platforms boosting their television presence by 48 per cent. Vocational training institutes went on the biggest spree, nearly quadrupling their ad volumes.
     

    Top 10 advertisers

    Hindustan Unilever retained its crown as India’s biggest television advertiser, with Reckitt Benckiser close behind. Together, the top 10 advertisers—dominated by fast-moving consumer goods companies—accounted for 47 per cent of all ad volumes.

    Toilet soaps led categories

    Reckitt’s aggressive push was evident in the brand rankings. Six of the 10 most-advertised brands belonged to the British consumer goods giant, led by Harpic Power Plus toilet cleaner. Dettol soap and antiseptic liquid also featured prominently.

    Top channel genres

    General entertainment channels edged past news networks to capture 31 per cent of ad volumes, reversing last year’s trend. The top five channel genres hoovered up more than 95 per cent of total advertising, underscoring the continued dominance of mainstream television over niche programming.

    Food and beverages

    The data, compiled by TAM AdEx from over 600 television channels, suggests Indian advertisers are becoming more selective about their television investments. With more than 6,600 brands vying for viewer attention, only the biggest spenders are breaking through the clutter.

    (The picture featuring the family watching the Surf Excel ad on TV is representational only. No brand infringement is intended)

  • Zomato onboards Shah Rukh Khan as its new brand ambassador

    Zomato onboards Shah Rukh Khan as its new brand ambassador

    MUMBAI – Zomato announces a landmark association with global superstar, Shah Rukh Khan, welcoming him as its new brand ambassador. The announcement follows Shah Rukh Khan’s recent appearance in Zomato’s latest campaign, Fuel Your Hustle, which celebrates the quiet grind behind some of India’s most celebrated names.

    Through the campaign and this association, Zomato aims to resonate with every individual who truly believes in hard work and consistency and reinforce its commitment to supporting their journey with food.

    Commenting on the association, Zomato marketing head, Sahibjeet Singh Sawhney said, “Shah Rukh Khan’s journey, from humble beginnings to global icon, mirrors the grit and persistence we believe in. No shortcuts, just relentless progress. We’re excited to welcome him as our brand ambassador, inspiring millions to keep showing up and fuelling their ambition. His influence transcends generations and borders and is a reminder for India to keep at it.”

    Shah Rukh Khan added, “Zomato’s story is one of hustle, innovation and a love for bringing people closer to what they cherish most—great food. It’s a journey that resonates with me deeply, and I am thrilled to be part of a brand that has become a household name across India.”

  • Panorama reels in big sales but profits take a box-office hit

    Panorama reels in big sales but profits take a box-office hit

    MUMBAI: It was a quarter of high-grossing sales but low-margin drama for Panorama Studios International Limited, as its Q1 FY26 results revealed a tale of two halves blockbuster revenue gains paired with fading profit lines. Net sales for the June quarter hit Rs 136.35 crore, soaring 49.8 per cent above the average of the past four quarters, signalling a strong near-term script for revenue generation. The box-office-style growth points to robust demand and successful monetisation across projects.

    But the profit subplot wasn’t as cheery. Profit Before Tax (PBT) slumped to Rs 3.24 crore, a steep 73.7 per cent fall from recent averages, while Profit After Tax (PAT) slipped to Rs 5.11 crore, marking a 51.2 per cent drop. Rising borrowing costs also made a cameo, with the company logging its highest interest expense in five quarters.

    Off-screen, the Debtors Turnover Ratio hit its lowest point in recent periods, hinting at a slower pace in receivables collection, an area that could affect cash flow if the credits keep rolling in late.

    The board meeting on 7 August 2025 didn’t just sign off on numbers, it added a governance twist. M/s Nitesh Chaudhary & Associates were appointed as Secretarial Auditor for FY26–FY30 (subject to AGM approval), and the studio unveiled a refreshed contact identity with a new email (info@panoramastudios.in) and website (www.panorama studios.in).

    With sales running hot but profits cooling, Panorama’s next act may hinge on whether it can keep the audience in their seats while tightening the back-office plot.
     

  • The International Advertising Association (IAA) inducted Prasoon Joshi into the hall of fame

    The International Advertising Association (IAA) inducted Prasoon Joshi into the hall of fame

    MUMBAI: McCann Worldgroup India of McCann Worldgroup Asia Pacific chairman, CEO and chief creative officer, Prasoon Joshi joins a globally esteemed group of individuals recognised for shaping the future of marketing and communications.

    Established to celebrate pioneers who have advanced the advertising profession and inspired generations, the International Advertising Association (IAA) Hall of Fame includes among its ranks the industry’s most respected figures.

    Inductees are selected by a global panel based on their lifetime achievements and their influence on the direction of marketing communications in their region and beyond. The induction acknowledges Joshi’s extraordinary contributions as an industry leader, cultural commentator, and voice of purposeful storytelling in India and beyond.

    The IAA Leadership Awards Hall of Fame honoured Prasoon Joshi for his exceptional and multifaceted contributions across advertising, film, music, and public service; for visionary campaigns that blend creativity, culture, and emotion; for shaping Indian cinema and storytelling with poetic depth; for transformative leadership as CBFC chairperson; for championing social causes; and for inspiring meaningful change in the industry.

    Known for his deep sensitivity to social issues and his ability to elevate brands through human insight and emotion, Joshi has earned acclaim for work that consistently blends creative bravery with cultural integrity. Joshi’s career spans more than two decades across Advertising, Cinema, Music, Literature, and policy.

    In response to the honour, Joshi said, “Being inducted into the IAA Hall of Fame is a privilege and affirms what I have always believed: communication and creativity are not mere marketing tools – they are forces that shape perspectives and inspire thought. Advertising, in particular, both mirrors, and shapes popular culture. To be recognised alongside those who have defined the spirit of our industry is an honour and reminder of the responsibility to keep pushing the boundaries of ideas and impact . My thanks to the IAA and to the collaborators who have been part of this journey.”

  • No brother? No problem: This Raksha Bandhan do it the Godrej way with #WorkSibilings

    No brother? No problem: This Raksha Bandhan do it the Godrej way with #WorkSibilings

    MUMBAI: Raksha Bandhan has always celebrated the sacred chaos of siblinghood, the fights, the food thefts, the unspoken loyalty. But in today’s world, that bond is becoming rarer. Many of us don’t live in the same city, or even the same country, as our siblings anymore. With changing family dynamics or preferences leaning towards single children, an increasing number of children are growing up without siblings at all. A 2023 YouGov-Mint-CPR Millennial Survey said that among urban millennials in India, 47 per cent wanted only one child.

    At the same time, our workplaces have become our second homes. We spend more hours with colleagues than we do with friends or family. In that proximity, real bonds form, ones that go beyond job roles and coffee chats. We’ve all heard of “work spouses”, but what about the “work sibling”? The one who teases you endlessly in meetings, finishes your half-written decks, steals your snacks, and always has your back.

    This Raksha Bandhan, Godrej Industries Group (GIG), through its brand agnostic lifestyle platforms Godrej L’Affaire and Vikhroli Cucina, introduces a delightful campaign for the modern professional: ‘The Work Sibling – India’s New Badge of Workplace Bonding’

    Through a tongue-in-cheek digital film and an interactive social media activity, the campaign invites working professionals to “adopt” their favorite colleagues as official work siblings. From stealing your snacks to roasting your ideas (with love, of course), this satirical campaign brings the chaotic joy of siblinghood right into the workplace.

    https://youtube.com/shorts/ezSw3qMcQQY?si=M33hbyUlctaBYt6A 

    Set up like a parody infomercial, the film hits nostalgic notes from loud typers and pineapple-on-pizza debates to desk fights and lunch thefts, it turns everyday office chaos into classic sibling moments. This Raksha Bandhan, celebrate your ‘work sibling’ the colleague who roasts you in 4K but backs you in every pitch. Tag them with a message, and a personalised e-Rakhi card will quietly slide into their DMs because what’s Raksha Bandhan without a bit of emotional blackmail?

    The campaign sparked a wave of hilarious confessions and shoutouts, as professionals shared their own work sibling moments on the campaign comments section.

    Commenting on the campaign, Godrej Industries Group chief communication officer, Sujit Patil said, “With ‘The Work Sibling’, we wanted to celebrate the everyday bonds that make workplaces feel more human. At Godrej, we have always believed that strong teams are built on beautiful bonds of friendship and understanding, not just roles. This campaign reflects our continued focus on employee wellbeing, and we hope it brings a little joy to offices across the country by encouraging people to appreciate colleagues who feel like family.” 
     

  • Zepto zips into 10-minute medicine service

    Zepto zips into 10-minute medicine service

    MUMBAI: Zepto is betting that Indians want their paracetamol as fast as their groceries. On 7 August Aadit Palicha, chief executive of the quick-commerce firm, announced the launch of Zepto Pharmacy on LinkedIn. 
    The service promises to deliver common medicines—from headache tablets like Saridon to antibiotics—within 10 minutes.

    But the rollout is cautious. The pharmacy service is live only in select areas of Mumbai, Bengaluru, Delhi NCR and Hyderabad. Palicha said his team has spent 12 months perfecting “the customer experience, supply chain, and compliance at a small scale” before this limited launch.

    “Our objective is to keep operational standards extremely high and not scale too rapidly given the complexity of this category,” he explained. The measured approach reflects the regulatory hurdles and safety concerns inherent in medicine delivery—a stark contrast to Zepto’s typically aggressive expansion in groceries.

    If executed well, Palicha believes the service could “seriously improve the lives of millions of customers across the country and help make important medicines easier to access when we need them the most.”

    The move marks Zepto’s latest attempt to diversify beyond groceries, where it competes fiercely with rivals like Blinkit and Instamart. Whether Indians will embrace ten-minute medicine delivery with the same enthusiasm they have shown for rapid grocery runs remains to be seen.