ITV

Tag: Thomson Reuters

  • Nothing ropes in Hemant Kundavaram as India CFO to fuel growth

    Nothing ropes in Hemant Kundavaram as India CFO to fuel growth

    NEW DELHI: London-based technology firm Nothing has named Hemant Kundavaram as chief financial officer for its India unit, bolstering its leadership bench in what has become the company’s most critical market.

    A chartered accountant with more than 20 years’ experience across Ford India, IBM, Thomson Reuters, Rockwell Collins and, most recently, PMI Electromobility, Kundavaram will spearhead fundraising, capital-market strategy and investor relations for the brand.

    “Nothing’s journey so far has been remarkable. I’m excited to build a strong financial foundation that complements fast-paced growth and strengthens the brand’s India vision,” said Kundavaram.

    Nothing co-founder & India president Akis Evangelidis called India “at the core” of the firm’s global ambitions. “Hemant’s proven expertise will be instrumental as we scale rapidly and deepen our presence in India,” he added.

    The hire marks Nothing India’s second major leadership appointment after Evangelidis took charge as president. The smartphone maker has clocked a blistering 146 per cent year-on-year growth in Q2 2025, making it the fastest-growing brand in the segment for six consecutive quarters, according to Counterpoint Research.

  • Vishal Bali joins Thomson Reuters as MD Asia & emerging markets

    Vishal Bali joins Thomson Reuters as MD Asia & emerging markets

    MUMBAI:  Vishal Bali has taken over as Thomson Reuters managing director of Asia & emerging markets, effective January 2025. His appointment was announced in December 2024.  

    Bali, who is based in Sydney, brings extensive leadership experience from his tenures at GfK and Nielsen, where he focused on data-driven strategies and customer-centric solutions across multiple Asia-Pacific markets.

    Adrian Fognini, head of international at Thomson Reuters, announced that Bali will oversee growth strategies and business operations in Asia Pacific, Europe, the Middle East, and Africa. “Vishal’s impressive track record in driving long-term growth will help us deliver innovative solutions to our customers,” Fognini said.

    Bali expressed enthusiasm about his new role, stating, “I am thrilled to join a team known for its innovative technology and world-class talent. Together, we will simplify complexity for our customers and drive impactful growth.”

    This appointment follows the retirement of Jackie Rhodes, who led the Asia and emerging markets team for five years. Bali’s selection marks a significant step in Thomson Reuters’ commitment to strengthening its leadership team as it continues to adapt in a rapidly changing market.

  • Apple’s Tim Cook’s handpicked CFO Kevan Parekh takes office

    Apple’s Tim Cook’s handpicked CFO Kevan Parekh takes office

    MUMBAI: Is 12 a lucky number?

    Some may question the logic, saying there’s no such thing as luck. 

    But a dozen years proved extremely good for Kevan Parekh, who was handpicked by Apple CEO Tim Cook to become the CFO of Apple during his twelfth year with the company. Just as the clock hit the 12 midnight mark in New York on 31 December and the ball was beginning to drop in Times Square, Kevan’s term as the CFO commenced.

    Kevan, an Indian origin executive, joined Apple in June 2013 and has played a key role in its financial and business planning, and product development planning since then. Prior to becoming CFO, he served as Apple’s vice president of financial planning and analysis. Before that, he served as Apple’s vice president of worldwide finance, supporting a number of different functions throughout his tenure, including engineering, iTunes, marketing, retail, and sales.

    His pay package is speculated to be  $1 million a year, plus participation in the company’s executive cash incentive plan for fiscal 2025.

    Kevan, succeeds Luca Maestri, who was appointed  CFO in 2014, and he will be reporting directly to Cook. As CFO, Kevan will be overseeing Apple’s accounting, business support, financial planning and analysis, treasury, investor relations, internal audit, and tax functions.

    Maestri on his part continues to be part of Apple overseeing its corporate services teams. His responsibilities will include managing information systems and technology, cybersecurity, and real estate and development.

    Before joining Apple, Kevan worked for eight years with General Motors in New York and then Europe. He returned to New York to join Thomson Reuters and stayed put as vice-president of finance (professional division) and then as corporate treasurer till 2013. 

    Kevan has a solid academic background and holds a bachelor science degree in electrical engineering, and an MBA from the University of Chicago which he  completed in 2000 with a major in finance and strategic management.  

  • Consumer confidence plummets in March 2019

    Consumer confidence plummets in March 2019

    MUMBAI: The India Primary Consumer Sentiment Index (Consumer Confidence), as measured by Thomson Reuters in partnership with Ipsos, has nosedived by 6.8 percentage points in March 2019.

    The monthly PCSI result which is driven by the aggregation of the four, weighted, sub-indices, has seen a sharp fall across all of them: the PCSI Employment Confidence (“Jobs”) Sub-Index, is down by a glaring 7 points; the PCSI Economic Expectations (“Expectations”) Sub Index, which has sharply fallen by 10.9 points; the PCSI Investment Climate (“Investment”) Sub-Index which has dropped by 6.1 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is down by a significant 4.9 percentage points over last month.

    “The survey was fielded in last week of February and first week of March, amidst tensions on Pakistan border. The near-war conflict sharply pulled down the already sliding consumer confidence. It once again proves that consumer and economy do not want war – rather afraid of it. This factor strongly clouded the fear around rise in inflation and lack of jobs. Since our respondents are largely urban – for the salaried ones it is also the time for tax saving investment, leading to temporary cash crunch. All these factors have a cascading effect, adding to pessimism,” says Ipsos India country service lines group leader, public affairs, corporate reputation & customer experience Parijat Chakraborty.

  • Consumer Confidence slips in February: Thomson Reuters-Ipsos PCSI Study

    Consumer Confidence slips in February: Thomson Reuters-Ipsos PCSI Study

    MUMBAI: The India Primary Consumer Sentiment Index (Consumer Confidence), as measured by Thomson Reuters in partnership with Ipsos,has shown a downward slide in February by 0.9 percentage points.   

    The monthly PCSI result is driven by the aggregation of the four, weighted, sub-indices: the PCSI Employment Confidence (“Jobs”) Sub-Index, which is down by0.7 points; the PCSI Economic Expectations (“Expectations”) Sub Index, which is down by 1.1 points; the PCSI Investment Climate (“Investment”)Sub-Index which is also down by 1.1 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is down by0.4 percentage points over last month. 

    “Consumer is downbeat due to rising inflation, lesser liquidity and lack of job opportunities,” says Parijat Chakraborty, Country Service Lines Group Leader, Public Affairs, Corporate Reputation & Customer Experience, Ipsos India.

    These are findings of an Ipsos online poll conducted January 25, 2019 – February 8, 2019.  For this survey, a sample of 500 adults from Ipsos' India online panel aged 16-64 was interviewed online. As this is an online poll in India, representative of the online community in the country, it is not reflective of the general population; however, the online sample in is particularly valuable as they are more urban, educated and have more income than their fellow citizens and often referred to as “Upper Deck Consumer Citizens” or Primary Consumers. The precision of the Thomson Reuters/Ipsos online polls is measured using a Bayesian Credibility Interval. In his case, the poll has a credibility interval of plus or minus 5.0 percentage points for all adults. 

    The Thomson Reuters/Ipsos India Primary Consumer Sentiment Index (PCSI), ongoing since 2010, is a monthly national survey of consumer attitudes on the current and future state of local economies, personal finance situations, savings and confidence to make large investments. 

  • Consumer Sentiment Up: Ipsos Thomson Reuters PCSI July 2018

    Consumer Sentiment Up: Ipsos Thomson Reuters PCSI July 2018

    MUMBAI: Consumer Sentiment in India in July has surged by 2.3points over last month as per the Ipsos Primary Consumer Sentiment (Consumer Confidence) Index (PCSI) conducted in partnership with Thomson Reuters. 

    The monthly PCSI result is driven by the aggregation of the four, weighted, sub-Indices: the PCSI Employment Confidence (Jobs), Sub-Index which is up 3.6 points; the PCSI Economic Expectations (Expectations) Sub-Index which is up 2.6 points; the PCSI Investment Climate (Investment) Sub-Index which is up 1.6 points; and the PCSI Current Personal Financial Conditions (“Current Conditions”) Sub-Index which is up 0.7 percentage points over last month.

    “Boost in consumer sentiment bodes well for the economy. Which means the consumer islikely to loosen his purse strings for spending and that there is liquidity in the market.Interestingly, consumer is confident on all fronts, whether it is to do with jobs, performance of the economy, investment climate/investment in big ticket items and personal savings. There is a form of stabilityin the economy, now that the post GST disruption has worn off and the Indian economy is placed in the sixth place, having overtaken France, as per the latest World Bank Report. Ergo, there is optimism seen in consumers,” says Parijat Chakraborty, Executive Director, Ipsos Public Affairs.”   

  • Netflix becomes bigger than HBO

    Netflix becomes bigger than HBO

    NMUMBAI: Orange is the New Black may have helped make Netflix the new HBO with investors.

     

    On Monday, Netflix reported a U.S. paid subscriber leap, which according to analysts, puts the streaming service squarely ahead of Time Warner’s HBO.

     

    The advances by Netflix spotlight a winning formula around original programming to attract new membership. Original titles such as Orange is the New Black and the Emmy-winning show, House of Cards, were big attractions for subscribers. Binge viewing of these titles have turned Netflix into a hit maker for the new generation.

     

    Netflix Chief Content Officer Ted Sarandos remarked that the only reason to adapt the forecast model for the second season of Orange Is the New Black was because they were highly confident in the model and the quality of the show.

     

    Netflix’s U.S. paid subscribers jumped to 29.9 million in the third quarter, up from 28.6 million in June, passing HBO’s 28.7 million, according to market researcher SNL Kagan.

     

    Wall Street investors applauded Netflix’s programming results. Shares of Netflix rocketed 10 percent, at $391.39, in after-hours trading on the news. Overall membership at Netflix soared in the quarter from last year. It also reported more than 33 percent jump in members from last year, at 40 million compared with less than 30 million in the prior period.

     

    Since Orange has been a great success for them, Netflix wants to do more content like Orange.

     

    Netflix quarterly results beat estimates, top to bottom, according to a survey of forecasts from Thomson Reuters. Company net income popped 315 percent, at $31.8 million, compared with a year ago. Revenue nudged past estimates by $6 million on just over $1.1 billion in the quarter. Earnings per share of 52 cents beat analyst forecasts for 49 cents in the period.

     

    Netflix’s international audience jumped by 1.4 million new members from a year ago, driven by Nordic and Netherlands expansion efforts, the company said.

  • CogMat to handle Thomson Reuters’ digital marketing

    MUMBAI: Digital agency CogMat has been empanelled to handle the digital marketing duties for Thomson Reuters in India.

    The other agency on the panel is BCB Web Wise.

    It has been learnt that there was no formal pitch. But the agencies in consideration were evaluated extensively.

    CogMat will carry out advertising through Google networks in order to drive relevant traffic to the Thomson Reuters website which will then be followed by search engine optimisationenhancement so that there is an increase in relevant visitors coming to the site.

  • Thomson Reuters plans to launch biz news channel

    Thomson Reuters plans to launch biz news channel

    MUMBAI: Thomson Reuters is planning to launch a business television news channel by January next year, entering the competition that already has market leader CNBC and new entrant Fox Business Network.

    Daily Telegraph reports that the plan is for the channel to appear on both the internet and some form of cable or digital platform. The launch could be as early as January 2009 but may be pushed back as the company is conscious of Reuters’ earlier unsuccessful foray into television.

    Thomson Reuters, which is a merger of Reuters and the Thomson Corporation last year, wants an extra avenue through which to channel content and raise revenues. Thomson agreed in May 2007 to acquire Reuters, with a cash-and-stock offer that valued the 157-year-old news agency at £8.7bn.

    The New York newsroom, which will act as the main studio for the channel, was opened yesterday.

    In an internal memorandum, editor-in-chief David Schlesinger said the new newsroom was all about “multi-media opportunities.”