ITV

Tag: Reliance Retail

  • TAM AdEx: Reviewing the TV news genre in 2023 report

    TAM AdEx: Reviewing the TV news genre in 2023 report

    Mumbai: TAM AdEx India has released a report on television medium – reviewing the TV news genre in 2023 report.

    In year 2023, a drop of eight percent in ad volumes was seen over year 2022 and growth of six per cent compared to the year 2019. The highest growth in ad volumes was observed in year 2021 since the year 2019. The second quarter of 2023 witnessed the highest ad volumes (on per day basis).

    The lowest share on the news genre was during Feb’23. Ad volumes started peaking up again post-Sep’23 i.e. during the festive period.

    In the year 2020, the news genre reached its peak (at 30 per cent).

    Hindi news topped with 19 per cent share of the news genre’s ad volumes during both the year 2023 and the year 2022. The top five subgenres accounted for around 56 per cent share of ad volumes during both periods.

    The services sector maintained its first rank in the year 2023 followed by food & beverages on the second position. Auto, banking/finance/investment and personal accessories saw positive rank shift. The top 10 sector added 80 per cent share in the news genre.

    Retail outlets – jewellers category topped the news genre in year 2023; followed by ‘cars’. Toilet soaps, toilet/floor cleaners, and multiple courses were the new entrants among the top 10 in year 2023. The top 10 categories added 26 per cent share of the news genre’s ad volumes.

    Honey saw the highest rise of three times in ad secondages, followed by school during year 2023 compared to year 2022. Three out of 10 categories belonged to the food & beverages sector.

    Reckitt Benckiser retained its first position, followed by Hindustan Unilever*. Lalithaa Jewellery Mart and Reliance Retail were the new entrants among the top 10. Top 100 advertisers accounted for 53 per cent share of overall news genre advertising.

    Webart Softech was the top exclusive advertiser in the news genre followed by Bonnie Foi Group during the year 2023.

    3.7K plus advertisers exclusively advertised during year 2023 over year 2022 in the news genre. Piramal Capital & Housing Finance and Bonnie Foi Group were the top two exclusive advertisers of 2023 compared to 2022.

    Around 300 plus brands covered 50 per cent of news genre ad volumes in 2023.

    The regional and national channels had 75 per cent and 25 per cent share of ad volumes respectively in the news genre during 2023.

    Nims University and Lalithaa Jewellery Mart were leading exclusive advertisers on national and regional news channels respectively during Y 2023.

    Primetime, afternoon & morning time bands together added 70 per cent share of ad volumes.

    20-40 seconds ads had the highest share of 64 per cent in 2023.

  • Tira’s #ForEveryYou campaign celebrates beauty in all its forms

    Tira’s #ForEveryYou campaign celebrates beauty in all its forms

    Mumbai: Reliance Retail’s recently launched omni-channel beauty retail platform, Tira, has launched its first high decibel 360-degree campaign ‘For Every You’ featuring Kareena Kapoor Khan, Kiara Advani and Suhana Khan.  Tira’s ‘For Every You’ campaign serves as a tribute to the myriad roles, emotions and moods that individuals experience. The campaign aims to celebrate the role of beauty and how people use it to express themselves through these moments.

    Kareena, Kiara and Suhana represent the different and unique versions of beauty, each featuring in a 30 second exclusive film. These films endeavour to accentuate how different mindsets, daily rituals and quirks make up a person and define their version of beauty. The campaign aims to inspire self-expression and empower individuals to explore and express their authentic self, no matter where they are in their journey of discovering beauty.  

    The ‘For Every You’ campaign is set to make a splash across prime media channels across the board including TV, outdoor, print & digital, events, in-store activations and on-ground activities in the coming months. With a carefully curated selection of best global and homegrown brands and exciting offers, promotions and gifts with purchase to compliment the launch campaign, a shopper on Tira is bound to be spoilt for choice.  

    Speaking on the campaign, Reliance Retail Ventures Limited director Isha Ambani says, “We’ve received an overwhelming response to Tira beauty since our launch in April 2023. With Tira, we aim to break down barriers in the beauty & skincare category and democratize beauty for consumers across segments. We’re thrilled to welcome Kareena Kapoor Khan, Kiara Advani and Suhana Khan to the Tira family, and be part of our very first campaign, #ForEveryYou. This campaign is not just about beauty; it’s about embracing individuality and encouraging everyone to own their beauty choices. Together, they represent Tira’s brand promise and will inspire beauty enthusiasts across cultures and age groups to make Tira their preferred beauty destination.”

  • Reliance to acquire Metro AG’s Cash & Carry in Rs 4,060 crore deal

    Reliance to acquire Metro AG’s Cash & Carry in Rs 4,060 crore deal

    Mumbai: As per media reports, Mukesh Ambani-owned Reliance Industries is all set to take possession of German retailer Metro AG’s Cash & Carry business in India in a deal estimated at around Rs 4,060 crore.

    The report cited that the deal includes 31 land banks, wholesale distribution centres, and other assets owned by Metro Cash & Carry in India. This acquisition will help Reliance Retail expand its presence in the B2B segment.

    “Discussions were on between Reliance Industries and Metro for the past few months, and last week the German parent firm agreed to the offer from the former,” as per a media report.

    Other retailers were also part of the bid to acquire Metro Cash & Carry, including Siam Makro, which runs LOTS Wholesale Solutions (an online wholesale shopping business). Last month, Siam Makro, part of the Charoen Pokphand Group of Thailand, announced its withdrawal from the race for Metro Cash & Carry India.

    For the record, Metro AG operates in 34 countries and stepped foot into the Indian market in 2003. It operates six stores in Bengaluru, four in Hyderabad, two each in Mumbai and Delhi, and one each in Kolkata, Jaipur, Jalandhar, Zirakpur, Amritsar, Ahmedabad, Surat, Indore, Lucknow, Meerut, Nasik, Ghaziabad, Tumakuru, Vijayawada, Visakhapatnam, Guntur, and Hubballi.

    Reliance Industries’ subsidiary, Reliance Retail Ventures Ltd. (RRVL), is the holding company for all the retail companies under the group. RRVL had reported a consolidated turnover of around two lakh crore rupees for the year ended 31 March 2022.

  • Reliance Retail to acquire majority stake in Just Dial for Rs 3,497 cr

    Reliance Retail to acquire majority stake in Just Dial for Rs 3,497 cr

    New Delhi: Reliance Retail Ventures Ltd, the retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd is all set to acquire a majority stake in internet technology B2B company Just Dial for Rs 3,497 crore.

    Reliance Retail will hold 40.9 per cent stake in the company according to the definitive agreements on 16 July, Just Dial said in the regulatory exchange filing on Friday.

    VSS Mani will continue as the managing director and chief executive officer to lead Just Dial through the next phase of growth, it added.

    “Reliance is excited to partner with Justdial and VSS Mani, a first-generation entrepreneur, who has created a strong business through his business acumen and perseverance,” said Reliance Retail director Isha Ambani. “The investment in Just Dial underlines our commitment to New Commerce by further boosting the digital ecosystem for millions of our partner merchants, micro, small and medium enterprises. We look forward to working with the highly experienced management team of Just Dial as we further expand the business going forward.”

    According to Just Dial, the capital infused by Reliance Retail will help drive the company’s growth and expansion into a comprehensive local listing and commerce platform. Just Dial would expand discovery on its platform and enhance transactions for millions of products and services. These investments will leverage Just Dial’s existing database of roughly 30.4 million listings and its existing consumer traffic of 129.1 million quarterly unique users, said the company.

    “Nearly 25 years ago, we had a vision to build a connected single platform dedicated to providing fast, free, reliable and comprehensive information to our users and connect buyers to sellers,” said Just Dial, founder and CEO VSS Mani. “Our vision has evolved to not only provide search and discovery but drive commerce across merchants through our B2B platform and enable further consumer to merchant commerce given our platform engagement. Our strategic partnership with Reliance enables us to realise this vision and transform the business going forward.”

    The transaction is subject to shareholder and other customary closing conditions and approvals.

  • Reliance finally acquires Kishore Biyani’s Future retail group

    Reliance finally acquires Kishore Biyani’s Future retail group

    MUMBAI: Mukesh Ambani, Asia’s richest man, can add another sobriquet to his name: that of India’s undisputed – means undisputed –  Retail King. Today, his Reliance  group announced that it was acquiring the retailing empire of Kishore Biyani, who earlier bore the retail king title, in a transaction valued at Rs 24,173 crore. This ends months of speculation and reportage in the Indian media that the two were in talks.

    The vehicle for the acquisition: Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd (RIL).  The deal covers the the retail, wholesale, logistics and warehousing businesses from the Future group. The latter is merging certain companies carrying on the above mentioned business into Future Enterprises Ltd (FEL).

    As a part of the same scheme, the  retail and wholesale undertaking is being transferred to Reliance Retail and Fashion Lifestyle Ltd (RRFLL), a wholly-owned subsidiary of RRVL; the logistics and warehousing undertaking is being transferred to RRVL; and RRFLL also proposes to invest Rs 1,200 crore in the preferential issue of equity shares of FEL to acquire 6.09 percent of post-merger equity; and Rs 400 crore in a preferential issue of equity warrants which, upon conversion and payment of balance 75 per cent of the issue price, will result in RRFLL acquiring a further 7.05 per cent of FEL.

    The Future Group has some well-established  retail formats, including supermarket chain Big Bazaar, upmarket food stores Foodhall, and bargain clothing chain Brand Factory.

    "With this transaction, we are pleased to provide a home to the renowned formats and brands of Future Group as well as preserve its business ecosystem, which have played an important role in the evolution of modern retail in India,” RRVL director Isha Ambani said.  “We hope to continue the growth momentum of the retail industry with our unique model of active collaboration with small merchants and kiranas as well as large consumer brands. We are committed to continue providing value to our consumers across the country."

    Biyani had built up a huge pile of debt at the Future group to fund his expansion plans, but the Covid2019 pandemic put paid to his ability to service it.

  • JioMart goes live on WhatsApp in some areas in Mumbai

    JioMart goes live on WhatsApp in some areas in Mumbai

    MUMBAI: JioMart, Reliance Retail's e-commerce, has gone live on WhatsApp in Navi Mumbai, Thane and Kalyan in Mumbai within days of announcing a tie-up with Facebook’s WhatsApp. This enables grocery shopping easier for people in these regions. JioMart seeks to leverage WhatsApp’s unrivalled reach of more than 400 million users.

    As part of the collaboration, users can find local stores around them on WhatsApp, talk to shop owners and place orders from WhatsApp. People can initiate an order by texting “Hi” to +91-8850008000, which prompts a link that opens a mini store on the browser. The order details are then shared by JioMart with local stores over WhatsApp. The customer then has to pick up the order from the store.

    JioMart, a joint venture between Reliance Retail and Reliance Jio Platform, seeks to test the novel ordering system on WhatsApp, as a consequence of its association with Facebook. Last week, Facebook announced it was investing $5.7 billion in Reliance Jio Platforms to secure a 9.9 per cent stake.

    WhatsApp, however, is yet to get approval from the government for a pan-India rollout.

    The company is replicating O2O model, (online-to-offline marketplace), which was pioneered by China’s Alibaba. This model enables a customer to search online for products and then buy through an offline channel.

  • Jio and organised retail add to RIL’s growth in second quarter

    Jio and organised retail add to RIL’s growth in second quarter

    BENGALURU: Mukesh Dhirubhai Ambani’s largest startup in the world in the form of Reliance Jio Infocomm Ltd or Jio has only gone from strength to strength since its inception. The mobile and broadband subsidiary of Reliance Industries Ltd (RIL), which is already the largest mobile data carrier in the world with more than 25 crore subscribers, reported EBITDA growth of nearly 2.5 times for the quarter ended 30 September 2018 (Q2 2019, quarter under review) as compared to the corresponding year ago quarter. Jio’s operating revenue for Q2 2019 grew by a healthy 50.3 percent year-on- year (y-o-y).

    Some of the highlights of Jio’s performance in Q2 2019 include:

    Standalone revenue from operations for Q2 2019 was Rs 9,240 crore  with a 13.9 per cent q-o-q  growth as compared to Rs 8,109 crore in the previous quarter Q1 2019.

    Jio’s standalone EBITDA of Rs 3,573 crore for Q2 209 was 13.5 per cent higher q-o-q with EBITDA margin of 38.7 per cent as compared to Rs 3,147 crore and an EBITDA margin of 38.8 per cent in Q1 2019.

    Jio’s standalone Net Profit was Rs 681 crore.

    The company says that it closed Q2 2019 with a subscriber base  of 25.23 crore. Jio says in a press release that it had the lowest churn in the industry at 0.66 per cent per month. ARPU during the quarter was Rs 131.7 per subscriber per month.

    RIL’s organised retail arm’s revenue for Q2 FY19 grew by 121.5 per cent y-o-y to Rs 32,436 crore from Rs 14,646 crore. The segment’s EBIT rose by an unprecedented 272.5 per cent y-o-y to Rs 1,244 crore from Rs 334 crore.

    RIL chairman Amabani said in a press release, “Jio was conceived with a mission to connect everyone and everything, everywhere – always at the highest quality and the most affordable price. We, at Jio, are glad with our progress towards our mission with more than 250 million subscribers on our network within 25 months of commencement of services. We have enabled our customers to adopt the digital life, with record consumption of data and use of digital services. Our next generation FTTH and enterprise services are now being made available to our customers to further enhance our value proposition to our customers.”

    “We are making rapid progress on the growth of our digital platforms, across new commerce, media and entertainment, agriculture, education, healthcare and financial services, which will further enhance the quality of life and productivity of the people of India, ” added Ambani.

    In an RIL earnings release, Ambani said, “Our commitment to create consumer value is gathering momentum, with the robust scale-up of India- centric consumer facing businesses. The financial performance of both Retail and Jio reflect the benefits of scale, technology and operational efficiencies. Retail business EBITDA has grown three fold on y-o-y basis whereas Reliance Jio EBITDA has grown nearly 2.5 times. Jio has now crossed 250 million subscriber milestone and continues to be the largest mobile data carrier in the world.”

    RIL achieved revenue of Rs 156,291 crore ($ 21.6 billion), an increase of 54.5 per cent as compared to Rs 101,169 crore in the corresponding period of the previous year. RILs’ Profit after tax (PAT) was higher by 17.4 per cent at Rs 9,516 crore ($ 1.3 billion) as against Rs 8,109 crore in the corresponding period of the previous year. Operating profit before other income and depreciation increased by 35.6 per cent to Rs 21,108 crore ($ 2.9 billion) from Rs 15,565 crore in the corresponding period of the previous year.

  • Tetra Pak gives Mumbai a new recycling anthem

    Tetra Pak gives Mumbai a new recycling anthem

    MUMBAI: Tetra Pak recently launched a quirkly new ad to inspire Mumbaikars to recycle their Tetra Pak cartons. A part of Tetra Pak’s on-going consumer awareness campaign  ‘Carton Le Aao, Classroom Banao’ this rap is composed by popular rapper, Emiway Bantai, who enjoys a fan base of over 1.5 lakh Mumbaikars across social media platforms. 

    The rap is all about how Mumbaikars can simply deposit their used Tetra Pak cartons at any of the deposit centres set up by Tetra Pak across Mumbai. These cartons are then recycled to create classroom desks and other useful things for schools for the lesser-privileged.

    South and South East Asia communications director Jaideep Gokhale said, “Sustainability and recycling are an intrinsic part of our organisational ethos. We have been working ahead of the curve for over 15 years to set up a viable recycling ecosystem for our paper-based cartons. Today, Mumbai has more than 175 deposit centres for used cartons, and we urge Mumbaikars to make the most of these and bring back their used cartons for recycling. We hope that this quirky, yet inspiring, rap video will take our message to millions of Mumbaikars, and inspire them. Our message is simple – bring us your used cartons, and we will recycle them to create something useful.”

    Today, Mumbaikars can deposit their used cartons at 45 Reliance Retail and Sahakari Bhandar outlets and over 130 other deposit points across the city of Mumbai. This initiative is designed to mobilise consumers to make a behavioural change and create a positive environmental impact.

  • HomeShop18-Shop CJ merger begins to take effect

    HomeShop18-Shop CJ merger begins to take effect

    MUMBAI: When two companies decide to come together, the ramifications are felt by all concerned: internally by employees and externally by vendors and partners. That is exactly what is happening at the Network18-owned teleshopping major HomeShop18 and the previously Providence Equity-CJO Shopping-owned Shop CJ Network. The former had announced that it was acquiring a 76 per cent stake in the latter last month. Since then, the process of integration has been on to derive the benefits of the fusion.

    For starters, CJ Home Shopping’s offices and studios in Mumbai are being shut down. CEO Dhruva Chandrie, who was given the option to shift to Noida, where Home Shop18 has its offices, has decided to part ways, with the caveat that should the new entity need him in Mumbai he was up for it. Former Skechers boss Sanjeev Agarwal, who has been heading Home Shop18 since 2015, will function as the interim CEO of the merged outfit.

    According to sources close to the group, Chandrie is not the only one who has taken the option to discontinue. Several other employees too have decided the same. “Many executives have their families in Mumbai. Relocation is not easy so they decide to quit. Those who can are shifting to the capital,” says a source.

    Sources indicate that it is the Mukesh Ambani-owned Reliance group, which is driving the agenda for the two home shopping ventures.

    Sources indicate that the final details of the acquisition of Shop CJ by the megacorp will be out within the next week to a fortnight. Questions that arise are: will Reliance take on all the liabilities should the South Korean home shopping major abstain from doing so as it is only a 26 per cent owner? Or will it honour the liabilities in an equitable manner?

    Employees refused to open up about any developments within HomeShop18 or Shop CJ Network. Chandrie could not be reached, despite efforts by indiantelevision.com to do so. Neither was Sanjeev Agarwal reachable.

    For Reliance, the synergies are immense. The group has a presence in Reliance Retail and buying over the mobile, internet and television home shopping major gives HomeShop18 scale like no other home shopping channel has in India. Apart from the brick and mortar stores, it boasts of many additional outlets – online, mobile and now TV – where it can bring in economies of scale. The Reliance group has also shown that it knows how to handle media and entertainment; allow professionals to run the firms you acquire and give broad directions only. Hence, its two to three year old acquisition Viacom18 has only been going from strength to strength.

    In the case of the Home Shop18-Shop CJ Network (both of which have been doing relatively poor on financials) merger, the tremors are being felt. Hopefully, when these ease, we will get to see a streamlined healthy beast.

  • Dentsu Webchutney ropes in Nishi Kant as EVP & Mumbai head

    MUMBAI: Dentsu Webchutney, a digital agency from the Dentsu Aegis Network, has appointed Nishi Kant as EVP & Branch Head- Mumbai. Kant will lead the charge for the agency’s Mumbai office. He will be reporting to Dentsu Webchutney co-founder & CEO Sidharth Rao.

    This is Nishi’s second stint at Webchutney; the first one lasting almost 10 years in 2014. During his 2 year hiatus from Webchutney, Kant worked with a couple of start-ups in Healthcare and e-commerce space, specializing in both strategy as well as design.

    Commenting on his second innings, Kant said, “I grew up with Webchutney and have seen it evolve from a start-up into an institution. It was a refreshing break to go back to school and work with start-ups again, but now it’s time to come back home. I’m excited to lead a team that comprises of some of the best advertising talent in the country.”

    Expressing his delight, Sidharth Rao said, “It’s fantastic to have Nishi back. I’m looking forward to his maverick outlook driving infectious ideas which resonate with the Webchutney culture, and in the process, steer dramatic business growth.”

    Kant will lead efforts across all brands handled out of the Mumbai office, like HDFC, Reliance Retail, Redbull, KTM and Platinum Evara.

    Also Read :-

    ‘Sweat It To Get It’, recommends Gatorade

    Dentsu Webchutney appoints Gautam Reghunath as Senior VP and Branch Head