Tag: Business news

  • Suveen Sinha takes the helm as editor of Forbes India

    Suveen Sinha takes the helm as editor of Forbes India

    MUMBAI: Big moves are happening in the world of business journalism. Forbes India has announced the appointment of Suveen Sinha as its new editor, entrusting him with the task of elevating the platform’s editorial prowess, sharpening its storytelling, and expanding its influence across platforms. Expect sharper insights, compelling narratives, and a fresh take on what makes businesses tick.

    A seasoned journalist, author, and strategic thinker, Sinha brings more than three decades of experience spanning top-tier newsrooms, global organisations, and entrepreneurial ventures. Having mastered the art of decoding business, finance, and policy, he has worked with international entities such as the International Finance Corp. and the United Nations, alongside a successful stint at Business Standard as chief content editor.

    His media career is nothing short of a deep dive into thought leadership—one that has allowed him to transition seamlessly between hardcore journalism and strategic communication. His editorial leadership will be instrumental in strengthening Forbes India’s distinctive voice, ensuring that the brand remains at the forefront of engaging, insightful, and thought-provoking journalism.

    Beyond the newsroom, Suveen is an accomplished author with three non-fiction books to his name. His most recent work, “Karma’s Child” released in November last year, explores the cinematic journey of director Subhash Ghai. A storyteller at heart, he understands the delicate balance between data-driven analysis and the art of crafting narratives that resonate.

    With Suveen Sinha at the helm, Forbes India is set for a new chapter of editorial excellence, blending investigative depth with engaging, innovative formats. 

  • Moneycontrol claims business news leadership

    Moneycontrol claims business news leadership

    Mumbai: Moneycontrol has beaten its competitors, making it the clear digital leader in business, markets and finance news in India, claims a press release issued by it. The release adds that it has surpassed its key competitors in all major rating categories.

    Citing the latest Comscore viewership and readership data, it says that it had 30.02 million unique viewers, in December 2023 which is a growth of nine per cent over the previous month. This has put it leaps and bounds ahead of others in terms of readership size, and monthly traffic. It also registered a hefty 368 million pageviews in December – more than double the page views of the number two in this category. In fact, Moneycontrol’s pageviews in this period, with 13 per cent growth, accounted for more than the combined page views of its two key competitors, the company claims.

    Readers and viewers spent a collosal  863 million minutes on Moneycontrol readers in December – four times more than was spent on its main competitor,  the company has stated in the release.

  • CNBCTV18.com launches OTT platform ‘CNBCTV18 Binge’

    CNBCTV18.com launches OTT platform ‘CNBCTV18 Binge’

    Mumbai: Digital business news platform CNBCTV18.com has launched an exclusive, video-only OTT platform for its millennial audience – CNBCTV18 Binge. Launched in June, the service is available for users on CNBCTV18.com and the CNBCTV18 app.

    CNBCTV18 Binge will be the millennial’s one-stop digital destination for all news and guidance related to finance, business, investments, and a lot more. The clutter-breaking content will be driven by ideas that inspire and series that educate. This diversified platform will have video insights for all genres ranging from investments, sports, business, economics, and a lot more.

    Some of the exclusive shows include CNBCTV18 Classroom, which will feature information and guidance for the viewers regarding different investments and business opportunities. Tech at Work, the show focuses on news and videos related to technological advancements. Tokenomics is a show which gives an insight into the amalgamation of technology and economics. The Anatomy Series is a detailed explainer series that dives deep into the anatomy of different lifestyle topics. Viewers can explore CNBCTV18 Binge and look for more such video-only content and learn about business, investments, and other insights.

    CNBCTV18 Binge focuses on providing its viewers with a dedicated team of researchers and experts giving their points of view and opinions in different video shows. This will feature some of the biggest influencers of the business domain, as also the Group’s own repertoire of celebrated and recognized anchors.

    Network18 Media & Investments CEO – business news Smriti Mehra stated, “We are extremely excited with the launch of CNBCTV18 Binge, a video-streaming platform that will marry the acumen, incisive insights and clutter-breaking content offerings from CNBC TV18 with content formats that the millennial audience understands. Boasting some marquee digital exclusives series available both on CNBCTV18’s website and app, we aim to create a strong brand presence on digital and want the end user to discover and consume the best of content.”

  • Pidilite Industries CMO Vivek Sharma moves on

    Pidilite Industries CMO Vivek Sharma moves on

    Mumbai: Pidilite Industries CMO Vivek Sharma has decided to part ways with the company, after a seven-year long stint.

    Sharma took to LinkedIn to announce his decision, saying that his bond with Pidilite will last forever. “I have had fulfilling, learning and fun filled years at Pidilite and I want to express gratitude to my seniors, colleagues – present and past and the agency partners. To sharpen business building approach, brand creation, innovation and skills to navigate in the VUCA world, Pidilite is the place,” he wrote.

    Sharma has been a part of the industry for last 25 years and boasts a unique knowledge of business and brand development experience across FMCG, healthcare, lighting and consumer durables encompassing B2C, B2B and B2G. He had joined Pidilite in January 2015. 

    As Pidilite CMO, he was responsible for the corporate brand marketing planning and implementation across businesses, marketing talent management. Over the years, he also ensured continuous improvement in marketing processes like innovation and new product launch at the company.

    In his 25-year long career, Sharma has been associated with companies such as Philips, MIRC Electronics, Ogilvy Advertising and Cadbury Kraft (now Mondelez).

    His next move is still unknown.

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  • Zee Business races ahead of its competitors in Barc news ratings

    Zee Business races ahead of its competitors in Barc news ratings

    Mumbai: Zee Business has grabbed the position of top business channel in India in the critical broadcast segment, according to data provided to the business channel by Broadcast Audience Research Council (Barc).

    According to the relative share data released by the association (Business news genre, week 10 of 2022 (avg rolling data) HSM all 22+ male ABC, 0600 – 2400 hrs), Zee Business scored the top place with 59.7 percent relative share, while the rest of the business news channels combined have 40.3 per cent relative share.

    “A big thanks to the viewers of Zee Business as we continue to be the top choice and the voice of the consumers,” commented Zee Business managing editor Anil Singhvi. “We will continue to empower our viewers on smart investment decisions that can help them make profits. This feat has now become a habit for the channel. We are the only channel that provides jargon-free information to the viewers in the simplest language possible which helps them make sound investment decisions.”

    “I take this opportunity to thank our viewers for their continued confidence in our channel Zee Business and this has helped us to be in the top position,” stated Zee Media Corp Ltd head of marketing Anindya Khare. “Zee Business is always educating and explaining the viewers on the nuances of the stock market. We are always trying to find new ways to help and educate our audiences on various matters related to finance and share our expert views on the channel.”

  • Lodestar UM CEO Nandini Dias moves on after 27 years

    Lodestar UM CEO Nandini Dias moves on after 27 years

    Mumbai: Lodestar UM CEO Nandini Dias has decided to move on from the agency, after being its CEO for close to a decade. She joined the group 27 years ago as a young media person and has since gone on to acquire the top positions.

    “I leave Lodestar UM in the hands of a strong, capable, and empowered team that has stayed vested and bonded with me for a long time,” Dias said. “In fact, almost all of the top 30 have been with me throughout my tenure as CEO – something that I am particularly proud of. So it was with a heavy heart that I had to break the news to them about my decision to move on. It is rare that one gets the opportunity to hand over the reins after an organisation’s best years, but this year was one of Lodestar UM’s finest.”

    “Over a dozen new businesses, over 20 international awards, Campaign’s Agency Of The Year – Silver, RECMA recognised it as the agency with highest Vitality and personally, my being recognised as the Media Agency CEO Leader Of The Year by the International Advertising Association (IAA) and feted by the Governor of Maharashtra. I couldn’t choose a greater milestone year in which to hand over the baton and go out on a high,” she further said.

    Over the years, Dias has been recognised with numerous honours by several bodies – starting with being the Media Planner of the Year in 1998 to going on to be the Media CEO of the Year on various platforms in 2016, 2017, 2018, and 2021. She’s also been recognised by platforms like The World Leadership Congress and made it to The Times of India’s coveted list of Times Power Women, among others. She has also been on the Economic Times Most Influential list for several years now, one of the first woman leaders to make it there.

    While not having taken a decision on the future yet, Dias said, “I started out with a fledgling agency and am handing over the Media Agency of the Year as I move on. So I am looking forward to taking a well-earned break for the first time in my life and am excited to see how things will unfurl.”

    In 2018, Dias piloted a pan-industry citizens’ initiative – WorkToLiveToWork – that pushed a radical solution to save commuter lives on their way to work, for which she was awarded the prestigious ‘Gamechanger Of The Year’ award. She’s won over 100 awards at Asia-Pacific Spikes, Festival Of Media Global and APAC, Creative Media Award, several Cannes Lions and many, many local awards. It is widely believed that her focus on innovative solutions transformed the culture of Lodestar UM into an award-winning one which led to the company being one of the most respected media groups in the industry today.

    “Nandini has been my partner ally, and friend for 27 years,” Mediabrands CEO India Shashi Sinha said. “She has led from the front to build Lodestar UM ground up to make it what it is today.  A dynamic, vibrant top three agency in the country. Passion is what defines Nandini, whether it is creating business solutions, building strong media properties for her clients or making a difference to our society and communities or just bringing her teams together to celebrate a festival or a win, Nandini did it all with remarkable fervour. At a personal level, I will miss her terribly. But I have always believed that a good leader is defined not by what has been built but by what is left behind. Nandini leaves her indelible mark on Lodestar UM in the solid and hugely capable leadership team that she has nurtured and I can say with all confidence that they will only continue to build on her legacy.”

  • Cleartrip makes slew of executive appointments amid 2022 growth plans

    Cleartrip makes slew of executive appointments amid 2022 growth plans

    Mumbai: Online travel company Cleartrip on Monday announced a series of senior appointments to spearhead the company’s aggressive growth plans and focus on the execution of strategic priorities for 2022. The appointments include the heads of strategy, hotels & accommodation, flights, corporate communications, and B2B.

    The hiring encompasses redefining the organisational culture and strengthening values in line with the growth plans, the travel company said in a statement. “With these appointments, the company is gearing us for its next phase of growth across its business verticals and further plans to ramp up its employee strength by 60 per cent by the end of the year,” it added.

    Gaurav Patwari has been named VP – air category. He will use his 16 years of rich experience in the travel and aviation industry to help further build Cleartrip’s air travel vertical. He will be responsible for meeting the air business’s P&L targets while also developing a multi-year strategy for the company’s evolution and expansion. Patwari was most recently associated with GoFirst.

    Karthick Prabhu D, the newly appointed Cleartrip head of strategy, has been a part of the travel tech industry for over 17 years with various travel brands such as Treebo hotels, Sabre, IDS Next, to name a few. As a product management leader, he has helped launch products that solve customer pain points, boost revenue, introduced an industry-first product as a tablet-based property management system, and got one of the apps featured in the ‘Best In India’ category in the Apple Appstore and Google Play Store.

    Flipkart veteran Manu Sasidharan who has taken over as senior director – hotels and accommodation was the business head of Myntra’s men’s fashion segment prior to joining Cleartrip. He has worked with companies such as General Motors India and Bajaj Auto. He intends to use his diverse expertise to structurally rebuild and relaunch the hotels and accommodation category, with a strong emphasis on greater customer experience.

    Divya Kumar has been appointed as director of public relations. In her new role, she will focus on building and spearheading the development, advancement and execution of the company’s corporate communications strategy. She was previously leading the public relations and sustainability mandate at AirAsia India. Before joining the field of corporate communications, Kumar started her career at NDTV Hindu, in the news & events department. Throughout her career spanning over 11 years, she has worked closely with the senior leadership team as a strategic advisor providing in-depth expertise in change management, crisis response, maneuvering corporate and consumer crises.

    A Cleartrip veteran with over 21 years of experience, Sukesh Shetty has been roped in to head the B2B and API business, with a focus to bring automation and growth in the online B2B travel experiences. In his previous stint, Shetty was the co-founder of Tripsforbusiness, a B2B focused travel tech platform involved in building a content-rich, metasearch and book travel product for B2B customers. His journey resumes with the purpose of contributing to the success of the B2B business at Cleartrip.

    “Cleartrip is at a pivotal point in its growth trajectory, and we seek to excel in every area we operate in,” commented Cleartrip CEO Ayyappan Rajagopal. “Building the right leadership team across verticals is crucial as senior leaders serve as catalysts in exponentially accelerating our overall growth. The new leadership team and I have a clear vision to take the Cleartrip brand forward.”

  • HiveMinds expands in Delhi-NCR, appoints Mohit Grover to lead business

    HiveMinds expands in Delhi-NCR, appoints Mohit Grover to lead business

    Mumbai: Hiveminds Innovative Market Solutions, a division of Madison World has opened a new office in Gurugram, announcing a formal expansion in Delhi-NCR. To head its north branch, Hiveminds has appointed Mohit Grover, a business leader who has led key P&L roles in digital first businesses.

    The Bengaluru based full-service digital marketing company has a team of 200 people spread across Bangalore, Mumbai and NCR.

    Grover has worked in insurance and travel companies like redBus, Goibibo, and Make My Trip, and then followed it up with his entrepreneurial venture Neemrana Naturals, a startup connecting farmers to consumers to provide organic produce.

    Commenting on the new appointment, Madison World chairman Sam Balsara said, “With offices opening up gradually, the demand for on-site teams is also coming back. With Mohit at the helm, we’re now poised to expand our presence in North India to attract new clients and service the existing clients better.”

    “As digital transformation takes focus for all businesses, I am delighted to bring in a leader with high ownership & entrepreneurial spirit as our Delhi branch head to ride this wave. With the growing client roster, we feel that a senior team based in the region will be better placed to engage at the strategic level and contribute to overall growth for our clients,” stated HiveMinds founder and CEO Jyothirmayee JT.

    “I am excited to be leading the north India growth for HiveMinds,” said Mohit Grover on his new role. “I feel after building businesses in a highly competitive travel industry for over a decade, this will be a great next phase of my career. I look forward to assembling a formidable team and delivering value to our clients in the region.”

  • Wunderman Thompson appoints James Hammond as APAC head of healthcare

    Wunderman Thompson appoints James Hammond as APAC head of healthcare

    Mumbai: Wunderman Thompson has announced the appointment of James Hammond to the newly created role of head of healthcare for the APAC region. Hammond is currently based in Hong Kong and shall begin his new assignment in November, said the company in a statement.

    Hammond previously worked with WPP Health Practice International as APAC client lead and global client EVP for close to a decade. He then went on to J-lab Asia where he forged an independent network of healthcare agency partnerships across the APAC region as principal. During the same time, he was simultaneously working with Klick Health USA as a regional partner.

    “James brings with him a deep understanding of the unique needs of the healthcare industry in APAC. We are thrilled to have such a prolific industry leader drive our health practice forward,” said Wunderman Thompson International CEO Ewen Sturgeon.

    With over 25 years of experience, Hammond has led agencies across the United States, North Asia, and Australia, working with large multinational brands such as J&J, GSK, Nestle, Pfizer, Sanofi, and Gilead.

    “This is a very exciting time to be joining Wunderman Thompson. The agency has built a unique offering at the intersection of creativity and technology. I believe this is a great fit for healthcare clients looking to build more integrated customer experiences,” said Hammond. “We have big ambitions in this region as we continue to build our consumer healthcare business and extend our offering to prescription healthcare clients.”

  • Wondrlab secures $7 million in pre-series funding

    Wondrlab secures $7 million in pre-series funding

    Mumbai: Homegrown martech startup Wondrlab has raised $ seven million in a round of pre-series funding. The round was led by Pi Ventures LLP, Tanas Capital, Prodapt Holdings and several independent investors including Priyamvada Balaji of Lucas Indian Service and Gopal Srinivasan of TVS Capital.

    The startup will utilise its newly acquired funds towards driving inorganic growth, with a sharp focus on tech, digital, programmatic advertising and the building of world-class martech platforms, said the statement.

    “We thank our investors for their faith and belief in us as a team. We have always believed in challenging the status quo. We truly believe that our differentiated strategy of being platform-first is a great value proposition for our clients,” said Wondrlab founder and CEO Saurabh Varma. “We will continue to invest in building deep capabilities across digital business transformation, content, data and marketing tech platforms. The next six months will be key to building on our incredible momentum.”

    Founded in November 2020 by Saurabh Varma and co-founded by Vandana Verma and Rakesh Hinduja, the startup acquired What’s Your Problem, a media-agnostic creative agency founded by Amit Akali in December 2020.

    “We are excited about the vision of the team led by Saurabh Varma to create India’s first network. Their strategy of being platform first differentiates them. It is refreshing to see a world class team coming together on the back of a shared ambition,” said Narayanan, while speaking on behalf of Narotam Sekhsaria Family Office (NSFO).

    Malabar Capital Advisors were the bankers for the fund raise.

    “The proposition is truly unique. We are excited about being a part of this journey. Wondrlab’s focus on digital communication and DBT, always being platform-first and building world-class martech products will create incredible value for clients and eventually investors,” stated Amit Sharma, on behalf of Tanas Capital, Singapore.