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  • Moneycontrol launches #BullishOnIndia campaign

    Moneycontrol launches #BullishOnIndia campaign

    Mumbai: Moneycontrol, India’s leading markets and finance platform, has launched the ‘Bullish On India’ campaign to showcase India’s rising economic might, as it emerges stronger from the pandemic amid a sluggish world economy.

    The campaign aims to analyse the key drivers of India’s economic growth while fostering awareness about the unparalleled potential the nation offers at a time of a global economic slowdown.

    ‘Bullish On India’ will put a spotlight on India’s vast economic landscape to provide investors, businesses, and readers with comprehensive insights into the factors propelling India’s growth trajectory. With detailed analysis of macroeconomic factors like manufacturing, demography, economy, markets and India’s rising stand in the global leadership, ‘Bullish on India’ has been presented as a data backed campaign that underlines India’s resilient economic growth in a world grappling with recession.

    The platform has also launched an eBook which evaluates the main factors influencing India’s economic growth while raising awareness of the unprecedented potential the country has to offer.

    With the nation set to become the third largest economy soon, the campaign captures various facets of India’s growth story through a unique editorial series, which will see contributions from leading names from finance and policy.

    The campaign has also drawn applause from both India Inc and the government.

    Prime minister Narendra Modi reacting to Moneycontrol’s ‘Bullish on India’ campaign on 19 August called India’s economy a beacon of hope amidst global challenges. He remarked that the future holds promise, due to the nation’s steadfast determination.

    He also emphasised how important it is to continue on this upbeat path and ensure the well-being of the country’s 1.4 billion people.

     

     

    Congratulating Moneycontrol on launching the #BullishOnIndia campaign, minister of commerce and industries Piyush Goyal said, “Optimism is in the air and spirits are high, there is a newfound confidence in India. Thank you, Moneycontrol for your support to this optimism. I am an optimist, I believe each one of you is equally optimistic, equally confident, equally ready, and willing to fulfil your duties to make India the global superpower, make India amongst the top three economies of the world, and ensure that every Indian has a better future. Our generations ahead will remember this generation as the people who created the India story.”

     

     

  • “India’s economy is a shining beacon of hope in these challenging times,” says PM Modi in a post on Moneycontrol’s #BullishOnIndia campaign

    “India’s economy is a shining beacon of hope in these challenging times,” says PM Modi in a post on Moneycontrol’s #BullishOnIndia campaign

    Mumbai: Tweeting on the recently launched Moneycontrol Bullish on India campaign, prime minister Narendra Modi on Saturday said that India’s economy is a shining beacon of hope in these challenging times. 

    In his post on social media platform X (earlier known as Twitter), the prime minister wrote, “India’s economy shines as a beacon of hope in these challenging times. With robust growth and a resilient spirit, the future looks promising. Let us keep this momentum and ensure prosperity for 140 crore Indians.”

    Moneycontrol, India’s leading markets and finance platform, recently launched the campaign ‘Bullish On India’ to showcase India’s economic resilience and growth potential in various critical sectors. It aims to analyse the key drivers of India’s economic growth while fostering awareness about the unparalleled potential the nation offers at a time of a global economic slowdown. 

    ‘Bullish On India’ will put a spotlight on India’s vast economic landscape to provide investors, businesses, and readers with comprehensive insights into the factors propelling India’s growth trajectory. With a detailed analysis of macroeconomic factors such as manufacturing, demography, economy, markets and India’s rising stand in the global leadership, ‘Bullish on India’ has been presented as a data-backed campaign that underlines India’s resilient economic growth. 

    Various adversities have shaken economies worldwide in the past few years. However, India is standing tall, retaining its stature as the ‘world’s fastest-growing major economy’. With the nation set to become the third-largest economy in the coming years, the campaign captures various facets of India’s growth story through a unique editorial series, which will see contributions from leading names from all walks of life. 

     

  • Moneycontrol Startup Conclave 2023 culminates on a high note

    Moneycontrol Startup Conclave 2023 culminates on a high note

    Mumbai: Moneycontrol team is happy to announce the grand culmination of the highly anticipated Startup Conclave 2023, a landmark event that congregated prominent entrepreneurs, industry leaders, and visionaries from around the world. Held on July 7th in Bengaluru, the conclave proved to be a resounding success, igniting inspiration, fostering collaboration, and shaping the future of India’s robust startup ecosystem.

    Throughout the day-long event, attendees were treated to an exceptional lineup of engaging sessions, thought-provoking discussions, and insightful keynote speeches spotlighting the perspective of legacy institutions, regulatory bodies and even digitally adept architectures that aimed to collaborate, compete, yet co-exist in the future.  

    The fireside chat between NR Narayana Murthy and Rohan Murthy, where the father-son duo shared their wisdom and discussed the journey from startup street to Dalal Street, captivated the audience with their anecdotes. On sharing what it takes to be an entrepreneur he stated, “They must have the power of imagination. They must be comfortable with innovation, with doing something unusual.”  

    On devising leadership and organizational structure, he suggested, “Every startup company must have only one leader. There cannot be two or three leaders. Just one leader.” He added, “Once the managerial phase comes in, you invite managers to create systems and processes, establish protocols, invite independent directors, and have a good governance mechanism.”

    The event also witnessed exclusive interviews with industry stalwarts such as Coursera CEO Jeff Maggioncalda, and Nir Eyal, renowned author of “Hooked,” leading the attendees to embrace innovation and disruption. Also featured were thought-provoking discussions on fintech, artificial intelligence, digital infrastructure, and the growth vs. profitability debate, that spotlighted the consolidation and convergence of sectors among startups in India.

    Moneycontrol Startup Conclave 2023 triumphantly fulfilled its objective of creating a platform for meaningful dialogue, fostering collaboration among stakeholders. The event witnessed an attendance of over 700 attendees, in-person while several others joined via live stream.  

    Commenting on the success of the event, Network18 Media & Investments Ltd. CEO, digital & president, corporate strategy, Puneet Singhvi said, “We are thrilled with the ethos and impact garnered by Moneycontrol Startup Conclave 2023. The event exceeded our expectations, serving as a catalyst for inspiring discussions, forging valuable connections, and fueling the entrepreneurial spirit in India. We are proud to have provided a pedestal for bolstering the future of India’s startup ecosystem through this prestigious conclave.”

    Moneycontrol expresses its gratitude to all the distinguished speakers, esteemed guests, presenting partners, organizers, and media personnel whose attendance contributed to the success of the Startup Conclave 2023. The conclave served as a testament to the resilience, innovation, and determination of the Indian startup community. 

  • The No.1 attitude leaves no room for complacency: Network18 MD and Editor-in-Chief Rahul Joshi

    The No.1 attitude leaves no room for complacency: Network18 MD and Editor-in-Chief Rahul Joshi

    Mumbai: Network18 group’s portfolio of channels have recently dominated the Broadcast Audience Research Council (Barc) ratings. In lieu of their achievements, the group’s managing director and editor-in-chief Rahul Joshi on Friday addressed the company’s 4500 employees in a heartfelt letter of congratulations.

    The network’s news brand News18 India is the latest to join the bandwagon of the group’s leading channels in their respective genres. News18 India has garnered the highest share of ratings in the Hindi-speaking market (HSM) 15+ for three consecutive weeks and had 13.6 per cent share as of Week 31 (30 July to 5 August).

    Joshi stated, “News18 India trounced Aaj Tak from its perch two weeks ago and widened its lead in the following week stamping its leadership authority. We’ve been in the top three for a long time, often beating Aaj Tak in the metros, but this time the lead is across time bands, age groups, socio-economic classes and what have you.”

    He further continued, “Hats off to Team News18 India for this comprehensive win over Aaj Tak and others, such as India TV, and also those trailing a distance away, like Zee and ABP. We’re more convinced about our leadership since it comes on the back of both rising reach and time spent, which means the engagement with the brand is high and the leadership here to stay.”

    Network18’s English general news brand CNN-News18 garnered 30 per cent share of the ratings among English news channels, 15 weeks ago. This is 60 per cent higher than its closest competitor Times now, the flagship channel of Times Network.

    Joshi called English business news channel CNBC-TV18 as the group’s ‘crown jewel’ which opened with a market share of 80 per cent in the English business news genre when Barc first published ratings after a 17-month hiatus. The channel’s share in prime-time market hours was even greater at 90 per cent.

    Network18’s digital news brand Moneycontrol has over half a million paid subscribers, over 55 million monthly unique users and 7.5 million app installs, revealed Joshi in the letter. This makes it the 14th biggest news brand globally in terms of paid subscribers. News18.com is fewer than six years old and has nearly 125 million monthly visitors who consume stories and videos in nearly every major Indian language. It is also the only digital brand to report live from 125 districts in the country, according to Joshi.

    “The idea behind this note is not to brag about our achievements. Or, truth be told, not just that! I write this note with all humility to thank you for your contribution and ownership in taking our brands to leadership positions. What’s more heartening is that this time the turnaround has been driven by the young and restless at Network18,” said Joshi.

    “I hope in the months and years ahead, you will make this giant media colossus dance to digital and social tunes. As we pivot the organisation into India’s largest multi-platform company with a digital DNA, I’m sure the young, restless, next-rung leadership will take charge and forge ahead.”

    “The senior leadership team and I will continue to guide in the future, not so much as captain but as coach; not as hands-on leader but friend, philosopher, mentor. That alone will make your company a breeding ground for young talent, many of whom have taken our brands to leadership positions in the past few years.”

    “The problem with being No. 1 is that there’s only one way to go—further up. The No. 1 attitude leaves no room for complacency; in fact, it instills a large dose of paranoia and restlessness to stay ahead. Always at the top,” he concludes.

  • Moneycontrol becomes India’s top financial news destination: Comscore report

    Moneycontrol becomes India’s top financial news destination: Comscore report

    Mumbai: Online news platform Moneycontrol has yet again secured the position of top financial news destination, beating its closest competitors, according to Comscore Multiplatform report for February 2022. It has surpassed other runners in unique visitors (UVs), average time spent and other key traffic parameters to consolidate and strengthen its position as India’s “most trusted and credible financial news platform,” stated the data.

    Moneycontrol has not only experienced a significant and steady increase in visitors each month but has also seen a consistent increase in the average time spent on the page. According to the data, Moneycontrol’s unique visitors of 42.39 million have surpassed ET’s (41.65 million). Its total views of 378 million are 97 per cent more than ET’s (192 million). The total time spent (total minutes in Comscore) of 1,382 minutes is 329 percent more than ET’s (322). The platform’s average minutes per visitor on the page is 32.6 minutes, which is 323 percent more than ET’s (7.7).

    Earlier in February, Moneycontrol had broken all digital traffic records on Budget Day as audiences from across India visited its specially designed microsite for minute-by-minute real-time updates.

    “The data testify that readers seek valuable market and business news, and increasingly reach Moneycontrol for the most credible and real-time news updates,” said a Moneycontrol spokesperson in a statement. “The destination of choice remains the same, whether it is coverage of market uncertainty, timely newsbreaks, comprehensive analysis, or sharp commentary. Moneycontrol’s clear and compelling journalism through varied formats of digital journalism such as live blogs, videos, podcasts and agenda-setting opinion articles on a raft of topics, caters to the needs of a larger discerning audience base, who remain loyal to the brand, and we thank them for the faith.”

  • Moneycontrol records 42.39 million UVs in February: Comscore data

    Moneycontrol records 42.39 million UVs in February: Comscore data

    Mumbai: Online news platform Moneycontrol saw 42.39 million unique visitors and 378 million total views in February, according to Comscore data. The Comscore Multiplatform report gives an unduplicated view of how digital audiences consume content across devices.

    As per the data, Moneycontrol has surpassed its contenders in unique visitors (UVs), average time sent, and other key traffic parameters to “consolidate and strengthen its position” as a financial news platform. The media portal has not only seen a significant and steady increase in visitors each month but has also seen a consistent increase in the average time spent on the page.

    Moneycontrol’s total time spent (total minutes in Comscore) of 1,382 minutes is 329 per cent more than its nearest competitor. Similarly, its average minutes per visitor on the page is 32.6 minutes which is 323 per cent more than its nearest competitor.

    “The data testify that readers seek valuable market and business news, and increasingly reach Moneycontrol for the most credible and real-time news updates,” said Moneycontrol in a statement. “The destination of choice remains the same, whether it is coverage of market uncertainty, timely newsbreaks, comprehensive analysis, or sharp commentary.”

    “Moneycontrol’s clear and compelling journalism through varied formats of digital journalism such as live blogs, videos, podcasts and agenda-setting opinion articles on a raft of topics, caters to the needs of a larger discerning audience base, who remain loyal to the brand, and we thank them for the faith,” it added.

  • CNBC-TV18, Moneycontrol launch initiative to empower India’s MSMEs

    CNBC-TV18, Moneycontrol launch initiative to empower India’s MSMEs

    Mumbai: In today’s world, it is of utmost importance for Micro, Small and Medium-sized Enterprises (MSMEs) to embrace digital transformation and accelerate their growth potential, despite their limited resources. Leading the way to drive this progress, Moneycontrol and CNBC-TV18 have partnered with Dell Technologies to launch The Challengers #StopAtNothing—an initiative to empower and enable India’s MSMEs to reimagine their businesses by adapting to the rapid pace of technology-led transformation.

    Commencing on July 9, the campaign will be launched with an MSME Summit, followed by monthly webinars and an award ceremony that recognises the exemplary work by MSME heroes.

    “As a market leader, we, at Moneycontrol, have been at the very forefront in showcasing the rapid strides made by the SME industry that today forms the mainstay of the Indian economy,” Moneycontrol’s COO – branded content, S. Shivakumar said. “Always looking to help them scale new heights, this initiative with Dell Technologies, will see us give them the much-needed push to revive from the current crisis and become future-ready at all times. By leveraging our editorial might, the insight and expertise provided by us shall result in them being in a much better position where they will be able to re-evaluate and re-invent their business. Having joined hands with a leading brand like Dell, who share the same drive as us, we look forward to evoking a sense of fulfillment amongst SMEs. Continuing to keep the consumer at the core, we will keep pushing ourselves to create such initiatives for our loyal audiences that propel their imagination and ideas in the right direction.”

  • Moneycontrol joins hands with WazirX to track cryptocurrency with ease

    Moneycontrol joins hands with WazirX to track cryptocurrency with ease

    Mumbai: Gaining prominence rapidly, cryptocurrency is becoming one of the most popular digital assets and trading spaces. Understanding the need to track cryptocurrencies, Moneycontrol has joined hands with WazirX for better use of these digital assets during trading. 

    WazirX is one of the largest Bitcoin and cryptocurrency exchanges, and it is backed by Binance, the world’s biggest bitcoin exchange and altcoin crypto exchange in the world by volume. This new association of Moneycontrol with WazirX will help users keep track of the meteoric rise of cryptocurrencies by listing it on their platform/website, it said.

    With the launch scheduled in the next few months, the partnership will see them coming together in a product integration that will list all tokens on the Moneycontrol website and app through an API powered by WazirX. It will allow users to track the movements of the cryptocurrency by visiting Moneycontrol and accessing each token from multiple touchpoints. With cryptocurrency’s popularity surging Moneycontrol will also curate a section called ‘Cryptocontrol’ which will be a one-stop destination for all the latest news and developments on cryptocurrencies and related technology.

    “Taking into account all the speculations and confusion revolving around cryptocurrencies, we see investors struggle to understand its working and investment process. We have bridged this gap by curating a section called “Cryptocontrol” that will burst all the myths and perplexity around it as well as share the most relevant news about the same. By partnering with WazirX, we look towards spread awareness and providing clarity to our audience by helping them to track cryptocurrencies effortlessly and make an informed decision,” said News18 Media and Investments Limited COO, general news (digital) Mitul Sangani. 

    WazirX founder Nischal Shetty said, “With crypto slowly going mainstream in India, our association with Moneycontrol for Cryptocontrol aims to bring value to our crypto enthusiasts and potential investors. The key objective of this is to enable more users to access credible insights, bust the misconception that exists around cryptos and help Indians make informed decisions before investing in Crypto. We’re always looking to partner with credible institutional and industry thought-leaders like Moneycontrol to meaningfully engage with our expanding crypto community. We hope to achieve the goal through Cryptocontrol.” 

  • PubNation: How print players expanded digital operations amid Covid

    PubNation: How print players expanded digital operations amid Covid

    MUMBAI: The process of the digital transformation of the print industry has been ongoing for a while now, but the Covid2019 crisis accelerated the need for news publications to realign their objectives and operational model, and to look toward creating new avenues to diversify offerings. More than ever, media businesses will have to act now in order to capitalise on this current growth and ensure success in this new landscape and beyond. 

    Different news organisations came forward to discuss the effect of pandemic and how it accelerated their business at the two-day-long summit – PubNation (print and digital), organised by Indiantelevision.com in partnership with Quintyoe Technologies and Gamezop. The panel was moderated by Omdia content strategies senior principal Tim Westcott and included ET Online editor Deepak Ajwani, Moneycontrol editor Binoy Prabhakar, HT digital streams chief content officer Prasad Sanyal, Amar Ujala Ltd state editor Uttrakhand Sanjay Abhigyan, The Hindu strategy & digital editor Sriram Srinivasan and Mathrubhumi assistant editor-online K A Johny.

    During the pandemic a lot of publications were forced to take the digital route to stay in business. As the movement of people, transport and delivery came to a complete halt owing to lockdown, and readers unsubscribed due to economic constraints or risk of contracting the virus off of newspapers, the e-paper played an important role in these tough times.

    Starting off, Srinivasan revealed that The Hindu was among the first few publications to go digital and adopt a subscription-based model two years back. It is also among first few organisations to launch a paid version of the website. He added, “We have an e-paper, we provide dozens of newsletters. So, everything that is required for a digital publication is there. Then there are our sister publications also, including Business Line, political magazine Frontline and a sports magazine.”

    Amar Ujala, which has a very strong presence in Hindi heartland and is among the top five newspapers in the country, has shifted its focus towards creating digital content. The organisation is present in eight to nine states with more than 250 print editions. Amar Ujala has a very vibrant digital presence in the form of a website, YouTube and Facebook. 
     
    Echoing the sentiment, Sanyal mentioned that Covid20919 has accelerated the digital journey for Hindustan Times and the brand is looking forward to expanding its offering. “All the three outlets Hindustan Times, Hindustan and Live Mint are digitally present. During the pandemic, the company has launched three new segments HT automobile, HT tech and HT Bangla,” he added.

    A large number of media groups were already digital first and working towards ensuring that the customer experience is right and they were abreast with the content trends. Ajwani revealed that in March 2020, ET doubled its viewership. Said he: “We were effective, productive and were making a difference with whatever content we were producing from home. A lot of technology, collaboration with our print team has been around for the last three-four years. We have been connected with each other via multi-modes of technology. So, using our feet on the ground, and the skills of technology and the skills we have built online, we have had a very integrated approach from day one.”

    He further added, “Somewhere in the month of July, we saw that Covid2019 pandemic has accelerated our offerings. I believe there is no transition from print to digital. They both work in synergy. It is an omnipresent world, we are present wherever the reader wants us to be.”

    When the novel Coronavirus arrived in India, it came with more than its fair share of misinformation and fake news. People were in desperate need of verifiable, trustworthy news and they turned to print publications and their digital arms for it. In this regard, Prabhakar mentioned that Moneycontrol was focused on reaching out to its audiences and providing all the necessary information related to the pandemic. “Seeking viewer attention was never a problem for the organisation. Today, the lockdowns have been lifted and many of our readers have gone back to their daily routines, now the challenge once again is to how to seek the user’s attention,” he rued.

    The brand had diversified its offering to acquire and retain new users by expanding into the regional language space. It has three subscription-based products — Moneycontrol Pro, Moneycontrol Hindi and Moneycontrol Gujrati. 

    HT is also doing something similar, said Sanyal, and offers products for Gujarati and Hindi speaking audiences. The network closely works with all partners to deliver content.  

    K A Johny disclosed that it has a very powerful presence in both print and TV. He also shared that the driving force for Mathrubhumi is the trust of people. Covid2019 has only revived things for the organisation. Irrespective of the medium, he thinks that a platform of trust and credibility is the need of the hour.

  • RIL posts strong Q2 earnings, media biz betters performance

    RIL posts strong Q2 earnings, media biz betters performance

    KOLKATA: Reliance Industries Ltd (RIL) reported strong Q2 earnings on Friday. The telecom and retail business has driven the growth and the media business also bettered its performance.

    “We delivered strong overall operational and financial performance compared to the previous quarter with recovery in petrochemicals and retail segment, and sustained growth in digital services business,” RIL CMD Mukesh Ambani said.

    “Domestic demand has sharply recovered across our O2C business and is now near pre-Covid2019 level for most products. Retail business activity has normalised with strong growth in key consumption baskets as lockdowns ease across the country. With large capital raise in last six months across Jio and retail business, we have welcomed several strategic and financial investors into Reliance family. We continue to pursue growth initiatives in each of our businesses with a focus on the India opportunity,” he added.

    The company’s operating profit fell 6.6 per cent year-on-year to Rs 10,602 crore in the July-September period. Its revenue fell 24 per cent over last year to Rs 1.16 lakh crore while operating margin widened to 16 per cent from 14.4 per cent earlier.

    Reliance Jio’s revenue including access revenues for the quarter was Rs 21,708 crore, EBITDA stood at Rs 7,971 crore. It netted Rs 3,020 crore quarterly profit, a jump of 185 per cent year on year. The telco operator’s ARPU rose to Rs 145 per subscriber per month.

    How did the media segment perform?

    The media business' revenue rose by 31.5 per cent quarter-on-quarter to Rs 1,061 crore as Covid2019-linked impact on ad-revenues receded over the quarter. EBITDA for the quarter was at Rs 166 crore. Operating margins continued to improve, as broadcasting margins rose sharply, and digital news business swung into profitability.

    The company said in a statement that ad-revenues rebounded sharply, as economic activity restarted on tapering of lockdowns. News business’ advertising has fully recovered, and entertainment recovery is near-complete by the end of the quarter. Subscription revenues have been resilient and domestic subscription revenue continues to rise led by expanding TV and Digital distribution tie-ups.

    “TV viewership has now settled at 1.1x pre-Covid levels. Pay-TV has clawed back its share from free-to-air channels, as entertainment programming is back in full-swing. An increased propensity to pay for content has been witnessed. Flagship properties Moneycontrol and Voot have witnessed rapid growth in subscribers,” it added.