Tag: CNBC-TV18

Lets get comfortable with the ‘Grey’: an invitation to marketers in the age of AI – Inspire, innovate, integrate with MMA Impact’ 2024

Mumbai – MMA Global India’s IMPACT Mumbai event concluded recently, and it was a huge success. The event took place on 24 April in Mumbai and focused on the impact of AI on marketing. It delivered a series of groundbreaking insights that redefined AI-driven marketing strategies and expanded the horizons of traditional marketing frameworks through new partnerships and insightful discussions. The event received industry-wide accolades for the cutting-edge quality of content and the stellar line-up of speakers who provided valuable insights to the attendees.

Key Highlights from MMA IMPACT Mumbai:

. Kickstarting with an inspiring address by Prasanth Kumar, MMA India Co-Chair & CEO, South Asia, GroupM, this session also featured Tushar Vyas, Chief Strategy Officer, WPP India & President, GroupM South Asia, moderated by Shibani Gharat, Anchor, CNBC – TV18. They dissected the AI adoption lifecycle, providing a clear pathway for marketers to evolve with AI-driven capabilities.

. Parul Bajaj, Managing Director & Partner, Boston Consulting Group, delivered a compelling keynote session on AI-Powered Marketing and Commerce. The session dove deep into how CMOs are thinking about AI, the highest impact AI-led use cases and the most critical factors that will be needed to succeed in this journey.

. A panel featuring Senior Marketers from HDFC Bank, Marico, DSP Mutual Fund, moderated by Devika Sharma, MMA India Board Member; VP and GM – India, InMobi, explored beyond conventional AI applications, showcasing how AI fosters deeper consumer connections and smarter experiences.

. Vijay Iyer, MMA India Board Member; Director, Amazon Ads India, illuminated the shift to Retail Media 2.0, emphasizing its transformative impact on marketing funnels and consumer interaction.

. Rohit Bhasin, MMA India Board Member; President and CMO, Kotak Mahindra Bank, articulated the strategic integration of AI in business practices. “AI is not just a technological upgrade; it is a paradigm shift in understanding customer intricacies and delivering on their expectations with unprecedented precision,” commented Bhasin.

. Rajeev Raja, Founder and Soundsmith, BrandMusiq, began his address with enchanting tunes, going on to then delve into the emotional dimensions of AI in sonic branding and highlighting its profound impact on digital consumer engagements.

. Experts from Nielsen, ITC, and India Today tackled the evolving metrics of media measurement in a ‘crumbling’ cookieless world, outlining the next steps for data privacy and accuracy with a tinge of humor.

. The session with AI Advisory members from Netcore Cloud, Tata Consumer Products, Microsoft, and JioAds and ReBid broke down real-world AI applications, offering tangible examples that underscore AI’s versatility across market sectors.

. A pivotal discussion on ethical AI deployment featured Marketing Leaders from Glassbox Ventures, Mondelez, House of Masaba, and Publicis Production, moderated by Pratik Gupta, MMA India Board Member; Founding Partner, Zoo Media, emphasizing the much-debated responsible AI use within marketing frameworks.

. Sunita Bangard, MMA India Board Member; Group Head – Consumer Insights and Brand Development, Aditya Birla Group, and leaders from Federal Bank, TATA AIA, Beam Suntory, Raymond, and EY outlined why marketers have a “seat at the table” in the growth of AI. This session have a cutting-edge perspective on the AI-marketer relationship in India – shedding light on how “marketers are evolving to media companies”.

. Leading practitioners of Generative AI from Affle, SAS, Haptik, and Accenture tackled frequently asked questions about GenAI. They provided clarity and actionable insights for marketers looking to adopt these tools, showcasing how AI will augment marketers rather than replace them.

Moneka Khurana, Country Head & BOD Member, MMA Global India, set a transformative agenda, encouraging the industry to get comfortable with the ‘grey’ .As she said in her opening remarks, “Let’s embrace the grey areas and ambiguity, as it is in these spaces where true innovation and wisdom lie. It might not be easy to do this alone, so the best way is to join hands and walk the path together, enabled through MMA communities and platforms like Impact. As we know, AI will continue to permeate our lives and be our co-pilot, with you being on the driver’s seat. At Impact, we debunk numerous myths, decode hard questions, and bolster confidence to navigate through uncertainties with collective intelligence. This allows us to see ambiguity as a growth opportunity, backed by a curated agenda to address deep-rooted aspects of how marketers can walk the talk and leverage it for business outcomes.”

AI is fundamentally reshaping the way we approach business. It’s not just enhancing our existing processes; it’s revolutionizing how we envision growth and success. With AI, we can make informed decisions that minimize costs and maximize efficiency. By integrating AI into our core strategies, we unlock unprecedented growth opportunities and move beyond traditional boundaries to discover new potentials in marketing and customer engagement.

As IMPACT Mumbai 2024 drew to a close, participants left not just with enhanced knowledge but with actionable strategies to harness AI within their marketing frameworks. The day-long conference cooled off with a lavish soiree with drinks, snacks and networking – an exclusive marketer-only gathering of C-suite execs.

April 29, 2024
CNBC-TV18 and HSBC India champion gender equality with the second season of Future. Female. Forward

Mumbai: CNBC-TV18 organised an intimate chapter of Future. Female. Forward Season 2: The Leadership Circle – Mumbai Edition, presented by HSBC India. This significant initiative aims to bridge the gender gap and engage in impactful conversations to promote gender equality. The event was held at ITC Grand Central, Mumbai on April 18, 2024, and was attended by prominent figures from business, entrepreneurship, policy, entertainment, and politics.

The Leadership Circle aimed to go beyond traditional networking events by establishing a forum where decision-makers and influential leaders gathered to promote true parity. This chapter welcomed prominent female leaders to share their experiences, encouraging meaningful dialogue and effective collaboration.

The evening kickstarted with a welcome address by CNBC-TV18 managing editor Shereen Bhan. She said, “CNBC-TV18’s Future. Female. Forward. initiative has collected narratives of numerous women across various spheres of life. We have taken our campaign and conversations to global forums with the World Economic Forum in Davos. Our initiative has honoured women who have opened new doors of opportunity. Future. Female. Forward. focuses not just on maintaining women’s presence in the workplace, but also on reclaiming their individuality and promoting empowerment. The initiative brought together leaders from the private sector, governmental, and social sectors.”

The first fireside chat of the Leadership Circle’s Mumbai edition featured Masaba Gupta, fashion designer, entrepreneur, and actor in conversation with Shereen Bhan. Talking about the plans for House of Masaba, she said, “We will have a significantly larger retail footprint across India and globally. Currently, we operate around 17 stores across India, and we aim to increase this number to between 35 and 40 in the upcoming years. Additionally, we have exciting new categories and product extensions in the pipeline. We are gradually shifting towards the luxury market, recognizing the dynamic nature of today’s Indian market. I used to say, people loved heading West, finding joy in opening stores in New York or Dubai. But today, we’ve got it all right here in our Indian market.”

The evening moved ahead with an enriching panel discussion on the topic ‘Lessons in Leadership’ with Naiyya Saggi, co-founder, Good Glam Group & CEO, Good Community; Radhika Gupta, managing director & CEO, of Edelweiss Mutual Fund; Neera Nundy, partner & co-founder, Dasra; Neetu Kashiramka, managing director, VIP Industries Ltd; Deepali Goenka, managing director, Welspun Living Limited; Aparna Piramal Raje, writer & public speaker and Dr Aparna Bandodkar.

Reflecting on her journey, Edelweiss Mutual Fund MD & CEO Radhika Gupta stated, “A defining moment for me was when I walked onto the stage at the Jio Theater without informing my family or colleagues, ready to open up to 500 strangers about my experiences. Supported by the encouragement of a mentor, I was uncertain about the effect my words would have. By embracing my vulnerabilities, I discovered strength and built a greater sense of self-assurance. I realized that my flaws were not weaknesses but rather connections to others. Sharing my story turned into a beacon of hope for many who were on similar paths.”

VIP Industries Ltd managing director Neetu Kashiramka speaking about her journey of overcoming societal taboos said “I come from a conservative Marwadi family where even attending college was a challenge. Despite my father’s pressure to marry at 20, I was resolute about pursuing a career. It took tears and persistence to gain his approval. The next hurdle was finding a progressive partner who would respect and support my ambitions. With confidence, I approached my husband-to-be, laying out my expectations clearly. His unwavering support and sacrifices have been crucial to my career success. From starting as an assistant manager to becoming a vice president, I’ve achieved milestones beyond imagination. Each step, from K-11 to VIP Industries, has been driven by determination and a commitment to excellence.”

Good Community co-founder, Good Glam Group & CEO Naiyya Saggi said “At its core, we are fostering a community where both remarkable women and men unite. Growing up, my mother was an indomitable force who shattered stereotypes, ensuring that gender was never a barrier in my life. Entrepreneurship, particularly founding Baby Chakra, opened my eyes to the existing disparities. We encountered difficulties in persuading male investors, but we never gave up. I was recently elected to the governing council of the Mumbai Tech Entrepreneurs Association, where I advocate for increased female representation. As I prepare to become a mother for the second time, my journey is a testament to the power of persistence. Each challenge we overcome not only advances our cause but also sets the stage for others to follow. We aim to create a domino effect, where each success story motivates many more to embark on their own paths.”

Sohini Chattopadhyay, national-award-winning film critic, journalist, and author delivered a special author session about the growth of Women in history, specific women in sports.

The event’s concluding discussion session on partner perspectives on ‘Championing Diversity and Inclusion’ was led by Amitabh Malhotra, head of Global Banking of HSBC India. Talking about the diverse culture and various programs for women, he said, “At HSBC, our dedication to promoting diversity and inclusion extends beyond individual stories to a collective effort. Our ‘Power to Her’ initiative, aimed at reintegrating skilled women back into the workforce after career breaks, illustrates this commitment. Achieving an impressive 60 per cent conversion rate to full-time positions underscores our resolve to leverage diverse talent pools and cultivate upcoming leaders. Likewise, our ‘Ascent’ program empowers senior female leaders by enhancing their self-awareness and leadership capabilities, leading to more than 50 per cent advancement into new roles.”

CNBC-TV18’s Future. Female. Forward – The Women’s Collective was proudly presented by HSBC India. It is co-presented by HCLTech, and ITC, FedEx, Reliance supported the initiative as Associate Partners, with Industry Partner, FICCI.

April 25, 2024
Network18’s TV news business posts 28 per cent revenue growth in Q4FY24

Mumbai: Network18’s TV news business has recorded a massive jump of 28 per cent in its revenue in the fourth quarter of FY24.

The largest TV news network in India registered a revenue of Rs 461 crore in Q4FY24, as compared to Rs 360 crore for the same quarter in FY23.

The revenue for the full fiscal stood at Rs 1556 crore, as compared to Rs 1252 crore in FY23.

The TV news business delivered a strong performance, demonstrating its readiness to leverage strong operating position in the election season. The network has been able to increase its ad rates steadily on the back of solid performance in terms of viewership.

It continues to be the highest-reach TV news network in the country, reaching 175 million people around the country every week.

With leadership positions across key markets, the network delivered industry-leading growth in display advertising. Monetisation of IPs and events also witnessed strong revenue traction.

The network maintained leadership positions in key markets with CNBC TV18 being the number one business channel garnering 64.3 per cent viewership share, News18 India has been the number one Hindi news channel in evening primetime with viewership share of 14.0 per cent, and CNN-News18 continues to be the number one English news channel for more than two years with over 33.3 per cent viewership share.

The news network has had leadership in 4 regional markets of UP/Uttarakhand, Bihar/Jharkhand, Gujarat, and Jammu/Kashmir/Ladakh/Himachal. Its channels in West Bengal, Rajasthan, and Punjab/Haryana have also been strong number two players. Along with News18 Bangla which has seen a significant improvement in ranking during the year, News18 Lokmat has firmly established itself as a strong number three player.

TV18 News Business

Q4FY24 Q4FY23 YoY FY24 FY23 YoY

Rs 461 Cr Rs 360 Cr 28 per cent Rs 1556 Cr Rs 1252 Cr 24 per cent

Operating EBIDTA for TV News Business

Q4FY24 Q4FY23 YoY FY24 FY23 YoY

Rs 66 Cr. Rs 65 Cr. 2 per cent Rs 118 Cr Rs 70 Cr 67 per cent

Digital news business sees 40 per cent growth

The digital news business of Network18 also recorded strong growth. In Q4, it posted a total revenue of Rs 131 crore, 40 per cent up as compared to Rs 94 crore for the same quarter in FY23.

For the full financial year also, the digital news business saw a solid upside with revenues touching Rs 425 crore, as compared in Rs 356 crore in FY23.

The digital news portfolio continued to be a strong number 2 digital news publisher in the country with 180 million plus unique visitors every month.

Moneycontrol continued to be the number one player in terms of both reach and engagement metrics. Moneycontrol Pro crossed 7.5 lakh paid subscribers, making it the top subscription-based news platform in India and amongst the top 20 globally as per FIPP’s Digital Subscription Report.

News18.com continued to expand its editorial coverage and analysis of events across the world along with adding new features for enhanced user experience. It was one of the highest-reach news networks on WhatsApp Channels.

Firstpost launched a revamped website to enable a video-first experience for users with dedicated digital destination for its key shows. Firstpost’s YouTube channel saw a 70 per cent QoQ growth in average monthly video views.

Digital News Business

Q4FY24 Q4FY23 YoY FY24 FY23 YoY

Rs 131 Cr Rs 94 Cr 40 per cent Rs 425 Cr Rs 356 Cr 19 per cent

April 18, 2024
Future. Female. Forward Season 2: Mumbai’s Leadership Circle unites women leaders for impactful change

Mumbai: CNBC-TV18, a purpose-driven brand committed to fostering gender parity and empowering women leaders, proudly announces “Female. Forward Season 2: The Leadership Circle – Mumbai Edition,” presented by HSBC India. Following the resounding success of its Season 2 launch in New Delhi, this exclusive event is scheduled for April 18th, Thursday in Mumbai. It promises an evening of engaging dialogue and insightful activities aimed at creating a space for women leaders to Connect, Express & Evolve.

The Leadership Circle transcends the traditional boundaries of networking events, emerging as a perfect platform for people to engage while also being a circle to share insights and inspiring stories, thereby being a platform where decision-makers and key opinion leaders converge to catalyse real parity. Embracing an innovative approach, this chapter invites a select group of distinguished women leaders from diverse fields to share their personal journeys, challenges, and aspirations, setting the stage for meaningful dialogue and impactful collaboration.

The event will kickstart with an opening address by CNBC-TV18, managing editor Shereen Bhan and move ahead with insightful conversations, fireside chat and panel discussions. Gracing this exclusive gathering are Amitabh Malhotra, Head of Global Banking, HSBC India; Naiyya Saggi, Co-founder, Good Glamm Group & CEO, Good Community; Sohini Chattopadhyay, Writer, Journalist, and National Award-winning film critic; Radhika Gupta, MD and CEO of Edelweiss Mutual Fund (Asset Management Company Limited); Neera Nundy, Partner and Co-Founder, Dasra; Neetu Kashiramka, Managing Director, VIP Industries Limited; Dipali Goenka, CEO and MD, Welspun Living Ltd.; Aparna Piramal Raje, Writer and Public Speaker; Dr. Aparna Bandodkar and Masaba Gupta, Fashion Designer, Entrepreneur, and Actor.

Moderated by Bhan, the panel discussion with women trailblazers will delve into critical topics such as gender parity, women in the workforce, and fostering growth environments for future leaders. Following the panel discussion, attendees will engage in an interactive workshop/activity designed to deepen connections and inspire collaborative action. The event will culminate in a networking dinner with drinks, providing a platform for attendees to forge lasting connections and continue their conversations in a relaxed setting.

Being a partner on this initiative, Malhotra will throw light on ‘Championing Diversity and Inclusion’ at the workplace from the HSBC perspective through an insightful keynote.

Commenting on this initiative he said ” “We are proud to have collaborated with CNBC-TV18 for a cause that is important for HSBC India and has the support across the organisation. We understand that empowering women isn’t just about equality, it’s about driving innovation, growth, and success. Through initiatives like CNBC-TV18’s Future. Female. Forward – The Women’s Collective, we are committed to creating a more inclusive ecosystem where every voice is heard, and every talent is valued”

“”The idea of creating the Leadership Circle, is to encourage authentic conversations about what it takes to lead. It is also an opportunity for leaders to converge, not just to share their interests, but to collectively work towards creating a more inclusive and equitable future. Future. Female. Forward – The Women’s Collective comes a full circle, as it returns to Mumbai after the mega launch of our campaign in 2022. We are bringing together leaders who have had the courage to rise above constraints and create a niche for themselves in diverse areas. Each one of these leaders symbolise the change we want to see. The leadership circle will recognise and celebrate the “Audacity of Ambition” commented Bhan.

“At Future. Female. Forward, we firmly believe in the transformative potential of collective action and collaboration to foster meaningful change. This stands as a testament to this spirit, underlining our unwavering dedication to building an environment where women not only thrive but also emerge as trailblazers, inspiring others to follow suit. This event epitomises our mission to foster a culture of empowerment and inclusivity, where women’s voices are amplified, their leadership is celebrated, and their impact resonates far beyond the confines of boardrooms and workplaces,” added Network18 CEO-English and Business News Smriti Mehra.

April 17, 2024
YES BANK and CNBC-TV18’s multi-city ‘Growth Summit’ concludes in Hyderabad with deep insights on India’s roadmap to becoming $10 Trillion Economy

Mumbai: YES BANK and CNBC-TV18’s – The Growth Summit: A vision to a $10 Trillion Economy, in association with Max Life Insurance, was successfully concluded in Hyderabad on Friday. With policymakers, industry leaders, entrepreneurs, and a wide range of experts weighing in on India’s economic progress over the next few years, the last chapter of the Growth Summit hosted policymakers, experts, entrepreneurs, and more. The summit witnessed discussions around the government’s ambitious 25-year plan intended to position India as the world’s third-largest economy with a GDP of $10 trillion.

In the opening remarks, Mr Prashant Kumar, Managing Director & CEO of YES BANK, said, “We are fortunate to be citizens of this country which is the 5th largest economy and aspires to be the third largest economy by 2030. As we also aspire to be a developed nation by 2047, I think it’s crucial not just to focus on GDP growth but the growth of 140 crores Indians together, where their standard of living goes up. And where everybody enjoys the fruit of the development in India.

During his address, Mr Kumar announced the launch of ‘Yes Private’ in Hyderabad, which is the Bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavor to leverage the opportunities on the road towards a $10 trillion Indian economy.

The event kicked off with an engaging discussion on ‘Unleashing the Animal Spirit: Building the Right Support Structure for Growth’ with T-Hub CEO Srinivas Rao Mahankali where he said, “Building a world-class entrepreneurial ecosystem is a collective journey, where startups, corporations, government, academia, and media come together to create a supportive atmosphere for everyone. Inspired by innovators in Silicon Valley and directed by thought leaders such as Dan Eisenberg, we try to build an environment where innovation and opportunities booms. With startups at the forefront and corporations achieving new heights, supported by strong policies and diverse funding options, we are shaping the future of entrepreneurship collectively.”

The day progressed with a thought-provoking conversation on ‘Inside The Laboratory of India’s $10 TRILLION DREAM’ with Mr Satish Reddy, Chairman, Dr Reddy’s Laboratories. The session was followed by an intriguing panel discussion on ‘Innovate, Produce, Thrive: India’s Path to Global Competitiveness’ with industry experts – Mr Krishna Bodanapu, Executive Vice-Chairman & MD, Cyient ; Dr Sai Prasad, ED, Bharat Biotech & CII President, Telangana; Mr Anurag Malempati, Promoter, Leap India Food & Logistics Pvt. Ltd.; Pradeep Chowdhry, MD, Gemini Edibles & Fats India Pvt. Ltd.; and Mr Pawan Jain, Director, Kirby Building Systems and Structures India ( Gujarat) Pvt Ltd.

The evening continued with a special address by Mr. Prashant Tripathy, MD & CEO– Max Life Insurance MD & CEO Prashant Tripathy said “As India makes its way towards becoming a $10 trillion economy, innovation in enabling financial inclusivity will be a key pillar of progress. Over the past decade, transformative innovations like UPI and JAM Trinity have catalysed our financial inclusion efforts, while the advent and proliferation of fintech has been delivering exponential growth. As we move further, continuous regulatory support and initiatives like technology enabled risk management are essential for sustaining this upward trajectory. Within this context, Hyderabad’s ascent as a thriving hub of next gen innovation epitomizes India’s immense growth potential. With its vibrant ecosystem and skilled workforce, the city serves as a beacon of India’s ability to foster future forward progress. Through strategic policymaking and collaborative endeavours, we are poised to translate our vision into reality, driving not just economic prosperity but also societal advancement.”

The summit moved ahead with a thought-provoking session conducted by Kumaar Bagrodia, leading Neuroscientist & Founder, NeuroLeap on ‘The Neuroscience of Innovation’. The concluding panel discussion titled ‘Beyond the Norm: Redefining Innovation for Progress’, brought together industry experts, including Mr Mohit Jaju, Director, Godavari Drugs Ltd.; Mr BV Kondanda Pani, MD, Algoleap Technologies Pvt. Ltd.,Mr I V Ramana Raju, Co-founder & CEO, Fabex Steel Structures, and Mr LS Patil, Promoter & MD, Patil Rail Infra Ltd.

The event transitioned seamlessly into an interesting conversation on ‘Stardom & Strategy’ with Mr Adivi Sesh, Actor & Writer, speaking about his upcoming projects. He added, “I’m currently shooting for two films. G2 serves as the sequel to my 2018 hit, Gurucharya, which rebirthed the spy genre in Telugu cinema. With G2, we are aiming for a national impact. Recently, we’ve welcomed Emraan Hashmi to our cast, and we are excited to expand our reach to audiences across five diverse languages across the country. I’m also working on another project, Dacoit, which we are shooting in Hindi, featuring the extremely talented Shruti Hassan.”

The summit concluded with an enticing conversation moderated by Mugdha Kalra, CNBC-TV18 Anchor on ‘Smashing Success: Grit to Global Stardom’ with Ms Saina Nehwal, Badminton Champion – Olympic Medalist. Speaking about her comeback, struggles, and achievements she stated, “It is difficult for athletes, as each one battles with their individual problems. Every individual ventures into this field with the goal of achieving distinction on an international level, but not everyone escapes the injuries. Reflecting on the early days, one doesn’t live on the potential drawbacks; instead, the focus is on enjoyment and striving for success.”

March 22, 2024
Pune to host first chapter of AI Alliance by CNBC TV18 and Moneycontrol on March 27

Mumbai: Pune is home to diverse sectors – from auto to SaaS to e-commerce to fintech to engineering services. The city is also becoming a crucial hub for AI adoption, given its growing ecosystem of entrepreneurs. With an aim to foster this growth, CNBC-TV18 in collaboration with Moneycontrol, has announced the first edition of the ‘AI Alliance’ in Pune, scheduled to be held on 27 March 2024, from 3 p.m. onwards at Hyatt Regency. The ‘AI Alliance’ platform aims to bring experts and enthusiasts under one roof and serve as a platform to connect knowledge seekers with leading minds in the AI domain.

Building upon the success of the ‘Global AI Conclave’ held in December 2023 in Bengaluru, this initiative seeks to explore the transformative potential of AI across sectors. The event will feature engaging panel discussions and topics focusing on the evolution and future of AI and the crucial role individuals and organisations can play in this revolution.

The themes will focus on how AI is impacting IT services, governance, manufacturing, software as a service, fintech, e-commerce and public transportation. ~Founders of Five of Pune’s unicorns (Druva, Icertis, Mindtickle, OneCard and ElasticRun) will be speaking at the AI event, cutting across SaaS, financial services and B2B e-commerce. Other top speakers include Shrikant Shinde, MP, Lok Sabha, Mumbai metro chief Ashwini Bhide, Bharat Forge’s Amit Kalyani and Kishor Patil of KPIT. Apart from talking about the impact of AI on their respective sectors, they will also shine a light on why Pune is poised to emerge as India’s AI hub

Speaking on the first chapter of AI Alliance, Moneycontrol Deputy Executive Editor Chandra R Srikanth said, “The AI Alliance marks an important chapter in our commitment to create platforms that will enhance understanding of AI and its transformative impact across industries. Responsible AI, in particular, is a vital pillar of the AI alliance. Pune stands as one of the largest technology hubs in India, and this AI Alliance initiative will help shine a light on the innovation and AI adoption in the city. The AI alliance will help in assembling and building a strong AI community in Pune”

March 18, 2024
YES BANK & CNBC-TV18 Growth Summit in association with Max Life Insurance puts a spotlight on India’s $10 trillion economy plan

Mumbai: The Delhi edition of YES BANK and CNBC-TV18’s – The Growth Summit: A Vision to a $10 Trillion Economy, in association with Max Life Insurance, was organised on Wednesday. The summit brought together policymakers, industry leaders, startup founders, and a diverse range of experts to engage in substantive discussions regarding India’s economic growth. The primary focus of the summit centred on the government’s ambitious 25-year plan aimed to position India as the world’s third-largest economy, boasting a GDP of $10 trillion.

A spokesperson from CNBC-TV18 extended a warm welcome to the attendees, moving to the opening remarks by YES Bank CEO & MD Prashant Kumar. “In the last few years, we have witnessed large investments in the infrastructure landscape, taking the country to the next-level. India has come out as a strong force with all the headwinds happening around the world, and to continue that, we need to remain self-insulated and self-reliant. Moving towards becoming the third largest economy is not enough; the ultimate goal should be that every Indian benefits from this growth. It is crucial for all of us to work collaboratively and focus on areas including—inclusivity with growth, manufacturing, boosting exports, supporting MSME and the startup ecosystem and funding innovation. The involvement of the government and private sector together is the key to achieving the $10 trillion economy plan.”

During his address, Mr Kumar announced the launch of ‘Yes Private’ in Delhi, which is the Bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavour to leverage the opportunities on the road towards a $10 trillion Indian economy.

The event kicked off with a fireside chat on ‘Leading from the front: How to Live up to your Strategic Vision’ in conversation with Nestle India CMD Suresh Narayanan, he said, I feel fortunate to be a part of a 160-year-old company that values providing experiences to people, not just selling products. Nowadays, digitisation has levelled the playing field for everyone, and e-commerce and AI are helping us plan better. However, with tech being such a driving force presently, we need to utilise it responsibly and remember technology is here to serve mankind and not the other way around. Lastly, trust, empathy and compassion are not just buzzwords and the long-lived companies are going to be those where this five letter ‘TRUST’ is placed in everything they do.” The discussion was moderated by CNBC-TV18 managing editor Shereen Bhan.

The event continued with another interesting thought-provoking discussion on ‘Unveiling Indian Healthcare as a Model of Growth & Excellence’ in conversation with Medanta executive chairman Dr Naresh Trehan, he stated “Every person in India deserves access to decent healthcare. With the introduction of the Ayushman Bharat scheme, the industry has extended a lifeline to over 500 million individuals who were previously left out of the healthcare facility. It’s surprising to admit that healthcare expenses alone are driving 2 to 4% of our population below the poverty line each year. Considering the extent of our nation’s growth, with a population increasing by 25 million annually, the challenge before us is immense, but the steps taken by the current government through Ayushman Bharat have provided immense relief.”

Subsequently, there was another fireside chat on ‘Betting Big One on India: Identifying New Growth Opportunities’, Dixon Technologies chairman Sunil Vachani.

The fireside chat was followed by a special address by Max Life Insurance CEO & MD Prashant Tripathy. He said, “In India’s pursuit of becoming a $10 trillion economy, visionary policy initiatives stand as cornerstones of inclusive growth. From pioneering financial inclusion schemes and the development of robust digital infrastructure to the progress of our vibrant start-up ecosystem- these collective endeavours underscore the remarkable journey we’ve undertaken as an economy in the last decade. As we stride forward, India must prioritize policies that foster innovation, technological advancement, tackle income inequality, and promote sustainable development practices. These critical areas demand our unhindered focus, as we inch towards an economy that unlocks sustained development for one and all.”

The evening continued with an engaging panel discussion on ‘Facilitating the Emerging Stars of Indian Business’ with insights from industry experts Akshay Ghulati (Co-founder & COO, Shiprocket); Mr Anirudh Arun (Co-founder, CEO, BluSmart Fleet) and Ish Babbar (Cofounder & CTO, Insurance Dekho).

The evening continued with an engaging conversation with Former Indian cricketer Virendra Sehwag. Talking about how the Indian team can bring home the World Cup, he said, “We need to play it like a knockout match, be brave and fearless and most importantly, make the right decision on the field. India has never lacked talent; we need to play aggressive cricket and not worry about winning.”

Concluding the summit was a thought-provoking session conducted by Kumaar Bagrodia, leading Neuroscientist & Founder of NeuroLeap, on ‘The Neuroscience of Investing’.

The Delhi edition of ‘The Growth Summit – Vision for a $10 trillion Economy’ underscored India’s trajectory towards economic prosperity as industry leaders and experts converged to chart a path towards a $10 trillion economy. The next edition of the summit will be held in Hyderabad on 15 March,2024.

March 13, 2024
Insights and Innovations unveiled at YES BANK and CNBC-TV18’s Growth Summit in Bengaluru

Mumbai: The third edition of YES BANK and CNBC-TV18’s – The Growth Summit: A vision to a $10 Trillion Economy, in association with Max Life Insurance, was held in Taj Westend, Bengaluru on February 28, 2024. The summit brought policymakers, industry leaders, startup founders, pioneering innovators, and a diverse array of experts under one roof to engage in meaningful discussions around India’s economic advancement Central to the summit’s discussions was the government’s ambitious 25-year plan aimed at positioning India as the world’s third-largest economy with a GDP of $10 trillion.

In his opening remarks at the Summit, YES BANK managing director & CEO Prashant Kumar said, “The Bengaluru chapter of The Growth Summit was centred on leveraging Karnataka’s industrial and technical expertise to propel India towards its $10 trillion mark. It calls for the collective involvement of business leaders. With over 40 unicorns and IT exports soaring, Karnataka is not merely a hub, but a nucleus of innovation. From electronic design to biotechnology, its diverse sectors thrive under a conducive policy framework. The collaborative efforts of ISRO, private enterprises, and the state have propelled us forward, fueling our ascent towards a $10 trillion economy. Now, as global businesses seek refuge from China, India beckons as the premier destination. Let us seize this moment to sculpt a future where India shines as a global powerhouse of technology and manufacturing.”

During his address, Mr. Kumar announced the launch of ‘Yes Private’ in Bengaluru, which is the Bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavour to leverage the opportunities on the road towards a $10 trillion Indian economy.

The event kicked off with a thought-provoking discussion on ‘Ushering in India’s Techade’ in conversation with RBI Innovation Hub CEO Rajesh Bansal, who stated, “As I see it, this decade marks a pivotal moment for India’s growth trajectory. While I may not witness it firsthand, I firmly believe that the young generation, will recognize this as the turning point. Over the past decade, we’ve laid the groundwork with digital infrastructure, making us unique among 1.3 billion nations. With 12 million transactions daily, our payment and ID systems are the backbone of individual and business transactions. Now, with the right steps, we stand at the precipice of a quantum leap in technology adoption, inching closer to our $10 trillion economy vision. Our foundational layers of technology position us uniquely, setting us apart globally. Key advancements like BharatQR and our ONDC initiative illustrate our commitment to staying ahead.”

The event continued with another stimulating discussion on ‘Preparing India for Global Leadership’ in conversation with Aarin Capital and 3one4 Capital chairman Mohandas Pai said “India is truly incredible, boasting a PPP GDP of $12.2 trillion and a nominal GDP of $3.45 trillion. What sets us apart is our unique PPP multiple of 3×3, surpassing even China’s sixfold difference between nominal and PPP GDP. While countries like China and the US lead in nominal figures, India’s true value often goes unrecognised. To bridge this gap, we must focus on three key pillars: human capital, financial capital, and innovation. Despite graduating millions annually, only 28% of our youth aged 18 to 23 are currently engaged in the workforce. It’s imperative we harness our vast potential and invest wisely for a brighter, more prosperous future.”

Subsequently, panel discussion on the topic ‘Digital Transformation Strategies Driving Future Growth’ with Mr. Gaurav Singh Kushwaha (CEO & Founder, Bluestone.com); Akash Sinha(CEO & Co-Founder Cashfree); Mr. Mathew Chandy (MD, Duroflex Private Limited); and Harsh Jain (Co-Founder, Groww) gave further insights into India’s rise as a digital hub.

The panel discussion was followed by a special address by Max Life Insurance COO Manu Lavanya. He said, “India’s digital journey over the past decade, has been nothing short of revolutionary, marked by transformative initiatives like UPI and Aadhar. The integration of the larger Bharat digital stack within the insurance sector holds immense promise for driving access and inclusivity. By leveraging digital as a channel, we will not only streamline processes but also make significant strides towards extending insurance coverage to every corner of the nation. This convergence isn’t merely about innovation; it’s about empowerment. It’s about ensuring that every Indian, regardless of their location or background, has the opportunity to safeguard their financial well-being with ease. As we embrace this symbiotic relationship between digitization, AI and insurance, we have a tremendous opportunity to unite efforts and realize IRDAI’s vision of ‘Insurance for all by 2047’. Role of AI and digital will be pivotal in creating customer centric micro-products enabled by straight through Underwriting with vernacular journeys that appeal to the Non-Urban consumer base, making the vision of “Insurance for All” a reality.”

The evening continued with an engaging panel discussion on ‘Nurturing the Green Shoots of Innovation’, with insights from industry experts Mr. Dhiraj Agarwal(CEO & Co-founder, Campus Sutra); Mr. Hrishi Gandhi (President Finance and Chief Business Officer, Newspace); Mr. Raj Shah(Co-founder and Director, WeHear Innovations Pvt Ltd) and Mr. Manish Kumar(Founder, KredX)

Taking the evening towards its end, an enticing conversation between CNBC-TV18 anchor Mugdha Kalra and celebrity chef Ranveer Brar. He said “I think what changed after COVID is that a lot of people who didn’t believe they could cook started cooking. These people who earlier didn’t believe in the power of the food and restaurant industry have now changed. The people who earlier refused loans to restaurants believing that it’s not a money-making business now are gaining confidence. That’s why you see a lot of food businesses today, because the belief is now coming from MBA graduates who are finding food to be a viable, durable, and profitable venture. I think that’s something that has changed and deserves to be addressed here”.

Concluding the summit was a final thought-provoking session conducted by Neuroscientist & founder Kumaar Bagrodia, NeuroLeap on ‘The Neuroscience of Investing’.

March 5, 2024
Airtel’s Sunil Mittal welcomes Reliance-Viacom-Disney Hotstar merger

MUMBAI: The merger between Reliance Jio, Viacom18, and Disney Star India has stunned many in the media and entertainment industry, considering its scale and size, creating a media monolith in its wake.

But one person who is taking it in its stride is Bharti Enterprises chairman Sunil Mittal. In a conversation with CNBC TV18’s Shereen Bhan early this morning he said: “We are a telecommunications company. We are not in the business of content. We welcome the merger.”

What this means is that speculation that Bharti Airtel might hare off and make some acquisitions in the content creation space can well be dustbinned following Reliance’s skilful move of partnering with two global content giants.

Mittal added that Bharti Airtel has been carrying every OTT and broadcaster – Netflix, Star, Hotstar, Prime Video, Jio, MX Player, Aha – for some time now. “We will continue doing so in a non-discriminatory manner,” he revealed.

He, however, ended his statement with a note of caution. “We hope that even they will do so in a non-discriminatory manner,” he said.

Are two Bobs (Iger and Bakish), Nita Ambani and Uday Shankar listening?

March 1, 2024
CNBC-TV18 Zetwerk Smart Manufacturing Summit 2024: Marking a decade of ‘Make in India’

Mumbai: Aligned with PM Narendra Modi’s vision of Atmanirbhar Bharat and commemorating the tenth anniversary of the ‘Make in India’ initiative, India’s manufacturing sector has registered unprecedented success, with FY22 exports soaring to US$ 418 billion. To celebrate this feat, and look at the future of the manufacturing growth and prospects in India, CNBC-TV18, in collaboration with Zetwerk, is holding the Smart Manufacturing Summit 2024.

Scheduled for the 28 and 29 of February, this two-day mega event brings together industry stalwarts, policymakers, and innovators to explore smart manufacturing and its role in shaping India’s industrial landscape. With over 25 sessions, 50 dignitaries, and 500 delegates, the summit promises to facilitate extensive knowledge exchange, strategic insights, and visionary discourse.

Eminent personalities including Rajeev Chandrashekhar, Minister of State for Skill Development & Entrepreneurship, Electronics & IT; Dr Jitendra Singh, Minister of State for PM’s office, Personnel, Public Grievances and Pensions; Rajesh K Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT); Anurag Jain, Secretary, Ministry of Road, Transport and Highways (MoRTH); S. Krishnan, secretary, Ministry of Electronics and Information Technology (MEITY); Subhas Chandra Lal Das, Secretary, Ministry of Micro, Small and Medium Enterprises (MSME); Arunish Chawla, Secretary, Department of Pharmaceuticals; R.C. Bhargava, chairman, Maruti Suzuki; Dr. Anish Shah, Group CEO and MD, Mahindra Group and PV Sindhu, Indian Badminton Player, among others, will grace the event with their presence.

The summit will dwell on aspects such as sustainable manufacturing, future-ready factories, disruptive innovations, and the role of women leaders in Industry 4.0.

Some of the important sessions include ‘Green & Smart: Transforming India with Renewable Energy’, ‘Building Factories of the Future: CXO Roundtable’, among others. Moreover, the event will feature a special Start-Up Showcase highlighting India’s most innovative manufacturing startups, followed by a felicitation ceremony recognizing smart manufacturing companies that have excelled in their endeavour.

“The CNBC Zetwerk Smart Manufacturing Summit 2024 signifies a pivotal moment in India’s manufacturing landscape. This summit serves as a forum for key industry figures to network, mobilize perspectives, and propel the shift towards intelligent and streamlined manufacturing methodologies,” remarked News18 Studios’ president S. Shivkumar. “We are delighted to lead the dialogue in partnership with Zetwerk, to mobilize efforts for substantial change, and contribute to the India manufacturing story.”

“India’s manufacturing sector is undergoing transformational times to help the Indian economy reach the $5 trillion mark. Achieving this goal requires collaboration between industry leaders, innovators, and policymakers. The CNBC Zetwerk Smart Manufacturing Summit 2024 aims to bring them together. The summit will delve into major trends shaping sunrise sectors like renewables, automotive, consumer electronics, and aerospace & defence. Through policy discussions and industry deliberations, the conference aims to unlock opportunities and empower MSMEs across these crucial sectors.” said Zetwerk Manufacturing Businesses Pvt Ltd head of marketing Amrit Raj.

The summit aims to advance India’s position as a leader in manufacturing, highlighting the nation’s commitment to self-sufficiency and supporting local initiatives. It emphasizes the vital role of this approach in India’s path to economic resilience, self-reliance, and increased global competitiveness.

February 28, 2024

Q4FY24	Q4FY23	YoY	FY24	FY23	YoY
Rs 461 Cr	Rs 360 Cr	28 per cent	Rs 1556 Cr	Rs 1252 Cr	24 per cent