Rising middle class transforming India into a hub for premium devices: Qualcomm

FILE PHOTO: A Qualcomm sign is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song

In an interview with CNBC-TV18, Alex Katouzian, senior vice president and general manager for Mobile, Compute & XR (MCX) at Qualcomm Technologies, sheds light on the evolving landscape of India’s tech market.

According to Katouzian, India, once perceived as a low-end market, is undergoing a significant transformation. The rise of the middle class and their increased purchasing power have propelled the demand for high-end and premium devices.

Katouzian acknowledges this shift and expresses satisfaction, stating, “They [consumers in India] enjoy much higher-end capabilities, and we are happy about that because we think advancements in technology will always make better and better products.”

Qualcomm Technologies aims to collaborate with its partners to shape products in a way that enhances user experience, providing better and more advanced services to the growing Indian market.

One of the pivotal factors driving this change is the surge of artificial intelligence (AI) as a forefront feature in mobile devices. Katouzian highlights the rapid acceleration of AI in the past year, positioning itself as a key function that consumers seek in their devices. He notes that while AI was traditionally integrated into the background, recent developments have brought it to the forefront of user experience.

In the context of AI, Katouzian provides an example from the realm of photography. In the past, challenges such as low-light conditions or direct sunlight could impact the quality of photographs. However, with AI running in the background, users can now take pictures in various lighting scenarios, with the technology automatically adjusting parameters for optimal results. This shift to foregrounding AI as a prominent feature represents a paradigm change in the way users interact with and expect technology to perform.

Furthermore, Katouzian emphasizes that AI serves as a transformative force for Original Equipment Manufacturers (OEMs) producing devices for everyday use. Traditionally, the upgrade cycle for consumer electronics has been getting longer, but with the growing demand for AI functionality in daily tasks, consumers are actively seeking more capable devices. This, in turn, is expected to generate a faster-paced upgrade cycle than seen in the past.

Watch the accompanying video for the entire conversation.

As Indian’s elevate their lifestyles, they will gradually incline towards high-quality wines and spirits: Moët Hennessy

In an exclusive interview with Storyboard18, Philippe Schaus, the Chief Executive Officer of Moët Hennessy, the Wines and Spirits division of LVMH, sheds light on the company’s performance in the Indian market, its innovative approach to consumer experiences in the post-pandemic era, and the significant role India plays in redefining Asia’s luxury landscape.

Schaus acknowledges that while India is currently a relatively small luxury market, there are exceptions, such as Glenmorangie, in which the country stands as one of the five largest markets for the whiskey brand.

Recognizing the country’s increasing wealth, Schaus believes that as people elevate their lifestyles, they will gradually incline towards high-quality wines and spirits. Moët Hennessy is committed to investing in the Indian market to capitalize on this potential development period.

The CEO highlights two key characteristics of the Indian luxury consumer. Firstly, India boasts a robust luxury culture, especially in the fashion world, where traditional dresses have evolved into modern versions while preserving incredible craftsmanship.

This unique blend of tradition and modernity sets India apart in the global luxury landscape. Secondly, Schaus notes that Indians acquire luxury from both domestic and foreign brands, with a significant trend of Indian consumers travelling abroad to shop.

He illustrates this point with the example of Moët & Chandon’s Champagne Bar at Harrods in London, where a substantial number of customers are from India.

While the company currently lacks a similar setup in India, the international venture has proven to resonate with Indian patrons. The CEO highlights the trend of Indian tourists visiting Moët Hennessy’s wineries in France, particularly in the Champagne region. Programs offering guided tours of wineries and explanations of the winemaking process have attracted a growing number of Indian visitors keen on immersing themselves in the world of luxury beverages.

Watch the accompanying video for the entire conversation.

 5 Minutes Read

Forbes India 30 Under 30 Class of 2024: Celebrating a decade of excellence in India’s youth

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

As the program celebrates its tenth year, the Forbes India 30 Under 30 alum club boasts a formidable 300 members, including notable success stories like Nikhil Kamath of Zerodha and the Postman co-founders Abhinav Asthana, Abhijit Kane, and Ankit Sobti.

For a decade now, Forbes India has been shining a spotlight on 30 extraordinary individuals across various industries through the 30 Under 30 initiative. The honourees of the 2024 list, marking the programme’s tenth year, continue to exemplify exceptional talent and achievement.

In 2014, Forbes India introduced the 30 Under 30 list, featuring names that resonate even today, such as Bhavish Aggarwal of Ola, actor Rajkummar Rao, Pooja Dhingra of Le15, and the innovative duo Shivan Bhatiya and Narresh Kukreja of Shivan and Narresh, alongside cricketer Cheteshwar Pujara, among others.

Over the years, the 30 Under 30 winners have reflected emerging talents and businesses, adapting to the evolving landscape. The categories have expanded from 14 in 2014 to 19 in 2024, demonstrating a commitment to staying attuned to emerging trends.

As the program celebrates its tenth year, the Forbes India 30 Under 30 alum club boasts a formidable 300 members, including notable success stories like Nikhil Kamath of Zerodha and the Postman co-founders Abhinav Asthana, Abhijit Kane, and Ankit Sobti. These individuals have made significant contributions to their respective fields and have become influential figures on the global stage.

The impact of the 30 Under 30 extends beyond business into entertainment and sports. Alums such as Tahir Raj Bhasin, Taapsee Pannu, Bhumi Pednekar, Vicky Kaushal, Mithila Palkar, Vijay Deverakonda, and Sai Pallavi continue to represent the esteemed list in the entertainment industry. In sports, the likes of Anirban Lahiri, Dipa Karmakar, Aditi Ashok, Jasprit Bumrah, Harmanpreet Kaur, Neeraj Chopra, Smriti Mandhana, and Hima Das have earned international acclaim, putting India on the global map.

The Class of 2024, comprising 30 achievers across 19 categories, selected by expert juries, promises to follow in the footsteps of their accomplished predecessors. From Climate Change & Clean Energy to various sectors, these individuals are poised to make a lasting impact on the dynamic Indian market. The youngest honourees, at just 21, embody a forward-thinking generation dedicated to solving pressing global issues.

Brian Carvalho, the editor at Forbes India, emphasises, “The 2024 Forbes India 30 Under 30 roster honours individuals with a bold and innovative spirit, fearlessly embracing uniqueness and challenging established norms.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Fact or farce: Why are AdEx projections by Dentsu, GroupM and Madison thousands of crores apart?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Top advertisers said that the divergence in projections is due to differences in digital Adex numbers and agencies’ own vantage and advantage.

Advertisers are inundated with ad expenditure data. But the data lacks standardisation, leaving advertisers dazed, confused and, in some cases, increasingly indifferent to agencies’ wildly varying AdEx projections. In the last two weeks, at least three top media agencies released their own advertising reports, each offering a unique and contradictory view of the Indian ad landscape.

Sample this. According to the latest dentsu advertising report, the AdEx is expected to touch 1,01,591 crore in 2024 with digital contributing 50,857 crore. WPP-owned media investments powerhouse GroupM on the other hand said, in its ‘This Year Next Year’ report, the overall ad revenue is expected to reach 1,55,386 crore in 2024 with digital contribution of 88,502 crore.

Homegrown media agency Madison said the year will end with AdEx touching 1,11,110 crore with digital’s contribution at 46,565 crore.

Also read: Advertising business is the place where brands get built, says FCB Group CEO Dheeraj Sinha

The difference in these projections is not a couple of thousands but thousands of crores. To be precise, the gap between Dentsu and GroupM AdEx projections is 53,795 crore.

What are we missing?

“To be honest, these reports are a bit of data and a bit of hope,” said the marketing head of a popular Indian personal care brand, also a heavyweight advertiser.

“While reports offer data, they are often based on assumptions and past data about industry performance and advertiser spending. These are shaky foundations in today’s ad landscape. Byju’s and Paytm are the perfect examples to explain this pattern. There are innumerable brands like these that start big and fade out gradually,” the marketer said.

Clearly, before fading out they make their way to AdEx reports and swell up projections.

However, discrepancies are not limited to projections, which one might excuse due to their reliance on aggregations and assumptions.

Year-on-year AdEx figures also vary significantly and it is further amplified by contrasting projections and achievements even within the same agency.

In the beginning of last year, Japanese major dentsu’s India arm said it expected the advertising industry to touch 98,363 crore by the end of 2023 at a growth rate of 14.7%. But 2023 ended at 93,166 at a growth rate of 8.6%. The difference in projections was 5,197 crore and 6.1%.

Similarly, GroupM’s report for the year said that 2023 closed at 1,40,963 crore. In the beginning of 2023 they said 2023 would close at 1,46,450 crore.

As per Madison, 2023 closed at 99,038 crore.

Finding reliable data on AdEx is finding a needle in a haystack.

So what are marketers doing?

Some said, they are focused on internal research backed data for a more grounded perspective.

Shashank Srivastava, senior executive officer, marketing and sales at Maruti Suzuki India Limited shared his honest opinion.

“There are three such reports in the market today but what we can clearly see is that the majority of divergence in the forecasted numbers is due to differences in digital AdEx numbers,” he said.

“Digital AdEx numbers are usually opaque in nature as there is no industry body like BARC (TV) which releases data publicly. Further, the major share of digital AdEx is controlled by Google and Meta who again don’t publicly share their AdEx numbers. Hence, all the media houses use different approximations to arrive at digital AdEx numbers,” he added.

According to Srivastava, there is a long list of very small mom and pop retailers who use digital advertising services only since they don’t have resources to create and run bigger campaigns. This long tail again makes digital AdEx forecasts harder to predict accurately. All these reasons cause divergences in their assessment of digital AdEx numbers published by different media reports.

“We are further examining the details,” he said.

Another marketer had an interesting perspective on the differences.

“The vast difference in AdEx forecasts highlights the limitations of these reports. Imagine peeking through a keyhole, in this case Dentsu’s digital focus versus gazing from a balcony which is GroupM’s broader view. The truth likely lies somewhere in between,” said one of the country’s largest advertisers.

Also read: Storyboard18 | Asia an important driver for HAVAS and MTR’s 100-year journey

However, data discrepancies are not killing the joy for advertisers. 2024 is expected to boost the overall AdEx with general elections around the corner. All three agencies project a 2024 AdEx boost due to general elections. Divided by numbers, united by facts, some might say.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Advertising business is the place where brands get built, says FCB Group CEO Dheeraj Sinha

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

In an interview with Storyboard18, Dheeraj Sinha, Group CEO India and South Asia at FCB, outlined his vision for FCB, emphasising the importance of nurturing enduring client relationships and leveraging the agency’s rich heritage to drive future growth.

In an exclusive interview with Storyboard18, Dheeraj Sinha, Group CEO India and South Asia at FCB, emphasised the pivotal role of the advertising business in shaping and elevating brands.

Reflecting on his journey and the values that drew him to FCB, Sinha highlighted the agency’s unwavering commitment to creativity as a cornerstone of its approach.

“The commitment to creativity as a core was something which drew me to the agency,” Sinha said.

Also Read | Etihad Airways inks deal with Chennai Super Kings to become the principal sponsor

Amidst evolving dynamics in the advertising landscape, Sinha spoke about his steadfast belief in the transformative power of creativity, echoing FCB’s ethos that “creativity is an economic multiplier.”

“As things are changing, the conversation on what is the role of creativity in this business is being questioned, is being debated and my firm belief is very similar to what FCB’s firm belief is—creativity is an economic multiplier. Advertising business is the place where brands get built,” he stated.

Sharing insights into his transition from Publicis Groupe to FCB, Sinha expressed gratitude for the warm reception he received, describing his integration into the FCB family as “fantastic.”

“Walking out of Leo Burnett was hard but joining FCB was fantastic, the welcome I got, it was so much of heart and so much of love and I felt so embraced,” he shared, highlighting the sense of belonging and camaraderie within the organization.

Also Read | Leo Burnett aims to use AI to impact a billion people positively, says Chairman

Looking ahead, Sinha outlined his vision for FCB, emphasizing the importance of nurturing enduring client relationships and leveraging the agency’s rich heritage to drive future growth.

“For me, it is a journey of great unveiling, great discovery because I realised that the client relationships are so fantastic and so deep, there are businesses here, which have been here for more than four decades,” Sinha concluded.

For more, watch the accompanying video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

DNPA Conclave & Awards 2024 to discuss the media industry’s digital transformation

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The DNPA Conclave & Awards will take place on February 6, in New Delhi, featuring Keynote Address by Shri Anurag Thakur and and Shri Rajeev Chandrasekhar. The edition of the conclave is being organised by DNPA in association with Storyboard18.

As we witness tectonic shifts in the digital media landscape brought on by accelerated advances in technology, the Digital News Publishers Association of India (DNPA) is proud to host the second edition of the DNPA Conclave & Awards to ignite progressive dialogues and surface future-facing strategies for growth.

With ‘Navigating Digital Transformation in the Media Industry’ as the key theme of the second edition, the prestigious DNPA Conclave & Awards is set to kick off on February 6, 2024, at the Shangri-La in New Delhi. The conclave is a confluence of distinguished Indian policymakers, global experts, and senior leaders from the digital media and entertainment sectors. Through meaningful and deep discussions, the conclave’s aim is to spotlight critical issues and models that power an equitable, inclusive and sustainable digital ecosystem, which is foundational to the progress of our nation. The conclave will see the brightest minds and stakeholders coming together to discuss the contours of the impact of new technologies like Artificial Intelligence on the news industry. It will deliberate on strategies that may help in ensuring successful adaption of businesses to navigate through this digital transformation.

Digital News Publishers Association of India (DNPA), is an apex association of the digital arms of India’s top 18 new publishers from Print & Electronic Media. The association includes Dainik Jagran, Dainik Bhaskar, The Indian Express, Malayalam Manorama, Eenadu Television, India Today, Amar Ujala, Hindustan Times, Zee Media, ABP Network, Lokmat, Times of India, NDTV, Express Network, Mathrubhumi, The Hindu, India TV and Network18. Recognized for its role to promote credible news and safeguarding the cause of growth of the news industry, the second edition of the conclave is being organised by DNPA in association with Storyboard18.

Speaking about the initiative, D J Narain, President DNPA, said the conclave is a unique platform created by all the 18 members to discuss and brainstorm various issues concerning the growth of credible news and digital media in the country with stakeholders from India and across the world. He added, “The DNPA conclave is evolving into a robust platform of ideas and to exchange thoughts on growth of the digital media ecosystem.”

“The media landscape is undergoing a profound transformation, and the DNPA Conclave & Awards 2024 serves as a catalyst for conversations that will drive the industry forward. With a focus on digital transformation, the conclave will bring together diverse perspectives, fostering collaboration and innovation,” commented Sujata Gupta, Secretary General, DNPA, highlighting the pivotal role of the conclave in the industry.

The agenda is packed with sessions exploring crucial facets of the digital landscape, including the role of online intermediaries in shaping public trust, the impact of misinformation on a diverse society like India, and the need for equitable monetization models for a sustainable digital media ecosystem. In light of the rapid technological disruptions, the conclave will address the readiness of the Indian media industry to navigate through the digital transformation in all its scope and ambit.

The conclave will feature Keynote Address by Shri Anurag Thakur, Minister of Sports, Youth Affairs and Information and Broadcasting and Shri Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology. The day-long conclave will have special addresses by Shri Amitabh Kant, former CEO of Niti Aayog and G-20 Sherpa; Shri Apurva Chandra, Secretary Ministry of Information & Broadcasting, and Shri S Krishnan, Secretary, Ministry of Electronics and Information Technology.

The conclave will also see participation of top corporate leaders and visionaries like Sandeep Bikhchandani of InfoEdge and Naukri.Com, Manoj Gujaran – Chief Compliance Officer & Head – Legal, Poonawalla Fincorp, leadership of Google, Microsoft and Tata Group, CEOs and Editors of the country’s leading media houses, popular content creators, public policy experts from Canada and Germany.

Leading global voices at the conclave include Clement Birdsall of Publica by IAS, Elena Perotti of WAN-IFRA, Paul Deegan of News Media Canada, Matthew Stoller, Director of Research at American Economic Liberties Project, Dr Courtney C Radsch, Director, Centre for Journalism and Liberty, UCLA Institute for Technology and Axel Springer’s Florian Nehm. The conclave will kick off with a thought-provoking fireside chat between top Indian Media figures and veteran media personality Shekhar Gupta on the big direction of the media and news industry. It will also feature a Fireside Chat with EY on the scope of the digital news media industry report.

The DNPA Awards serve as a platform to honour cutting-edge digital initiatives that have had a profound contribution in the country’s and its peoples’ progress. The awards recognize the extraordinary innovations made in various sectors including health, education, finance, and media, alongside pivotal areas like women empowerment, environmental protection, governance, and administrative reforms, acknowledging those who have been instrumental in India’s digital journey and inspiring continued innovation and excellence, while setting global standards.

The Grand Jury led by Suresh Prabhu, Former Union Minister and Member of Parliament, convened on January 15 with industry stalwarts and visionaries such as Sanjeev Bikhchandani, Founder and Executive Vice Chairman Info Edge, Prasoon Joshi CEO, McCann World group India and Chairman APAC, Dr Aruna Sharma, Economist, Ajay Sawhney, Former Secretary, MeitY, Arvind Gupta Head & Co-Founder Digital India Foundation, Shashi Sekhar Vempati, Former CEO, Prasad Bharati, Vinit Goenka, Author, Robert Ravi, CTO, Government of Tamil Nadu, Nappinai NS, Founder, Cyber Saathi and Supreme Court Advocate. The winners will be felicitated at the DNPA Awards.

The Grand Jury and a thorough process and discussion underlined DNPA’s commitment to transparency, credibility, and recognizing excellence in an environment of thoughtful deliberation and shared expertise.

The DNPA Conclave & Awards 2024 promises to be a landmark event, bringing together industry leaders, global experts, visionaries and innovative minds to explore the challenges and opportunities presented by digital transformation.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Storyboard18 | Asia an important driver for HAVAS and MTR’s 100-year journey

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

MTR Foods, celebrating a century of existence, is gearing up for a memorable journey ahead. Sunay Bhasin, recently appointed as CEO of Orkla India, shares insights into MTR Foods’ centennial celebrations and their strategies to meet the evolving demands of Indian consumers.

Rana Barua, the Group CEO of Havas India, has stepped into a new role as the Group CEO for South East and North Asia, alongside India. This expanded responsibility also includes leadership over nine additional markets in the region.

In an exclusive interview with Storyboard18’s Shibani Gharat, Barua sheds light on Havas Group’s strategic vision for the region, aiming to unify diverse markets into a cohesive entity dubbed “One Asia.”

Barua stated, “Asia naturally is going to be a very important driver. I think what we are figuring out very clearly is that we are not going to do a similar replica story to what we did in India, that’s not going to happen for sure.

Also Read | Storyboard18 | Artificial Intelligence takes the spotlight at Consumer Electronics Show 2024

India continues to grow, India continues to be a driver of centre of excellence, India will continue to expand, build more agencies or build more expertise or continue to grow bigger. What we need to figure and I think I have my alignment with the global team is, which are the markets that are going to have big strengths.”

Meanwhile, MTR Foods, celebrating a century of existence, is gearing up for a memorable journey ahead. Originating in Bengaluru in 1924, the brand underwent a transformative phase in 2007 when it became part of Orkla ASA, a Norwegian industrial investment company.

Sunay Bhasin, recently appointed as CEO of Orkla India, shares insights into MTR Foods’ centennial celebrations and their strategies to meet the evolving demands of Indian consumers.

Watch this video for more

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Where the object is the subject

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Consumer research behaviors encompass the actions individuals take when seeking information, evaluating products, and making purchasing decisions. These behaviors are influenced by factors like personal preferences, social influences, and marketing stimuli, writes Shubhranshu Singh.

The importance of deep empathy and total comprehension in consumer research –

“There is a great difference between knowing and understanding: you can know a lot about something and not really understand it.”

– Charles F. Kettering

Objectivity in consumer research helps maintain impartiality, relying on facts and data. Subjectivity, on the other hand, considers personal experiences and feelings. Both are crucial: objectivity ensures reliability, while subjectivity captures the nuanced human perspective, providing a holistic understanding of consumer behaviour. Balancing both enhances the effectiveness of consumer research.

Qualitative research involves exploring and understanding underlying motivations, attitudes, and behaviours through non-numeric data such as interviews, focus groups, and observations. It provides in-depth insights, allowing researchers to uncover complex patterns and subjective experiences, complementing the quantitative aspects of research for a comprehensive understanding.

Consumer research behaviours encompass the actions individuals take when seeking information, evaluating products, and making purchasing decisions. These behaviours are influenced by factors like personal preferences, social influences, and marketing stimuli. Studying these behaviours helps businesses tailor strategies to meet consumer needs and expectations.

But do we see, listen and observe well? Do we genuinely get into consumer shoes? Do we cultivate empathy? Is there an immersion?

We may have our eyes open but be blind to what we see. We may never codify whatever is the research equivalent of reading between the lines but we can describe the pro empathy research mindset I call amplifier mindset and reductionist, fit to stereotypes modality which is the Attenuation mindset

Amplifiers/Attenuators

I am aware of the impossibility of research neutrality. We all come with predispositions that either amplify or diminish/attenuate our reading of the subject/situation.

It has been my observation that more often, in one way or another, more folks end up acting like attenuators.

The 5-10 seconds when you first meet someone: You check out their look, and you immediately start making judgments about them.

We make some generalisations and riff on the cultural trends.

Making generalisations about groups is important. It is a core skill in consumer marketing. But at this stage, I feel the clustering exercise has known boundaries. It’s a great start but by no means the end. I want to see people deeply, one by one. The collective shapes the individual and the individual shapes the collective.

So what’s the big deal about seeing things as they are? You’d think it ought to be easy. Open your eyes, focus, and see.

Alas it is not so. We have biases and inborn shortcuts that prevent us from seeing, perceiving and remembering well.

The tendency to do an instant, snap judgement is just one of the attenuations. This is deep coded into our brains from our evolutionary past.

Here are a few others:

Me-Myself:

People are self-centered, task focused or plain busy to try genuine external orientation. Such a person cannot see you because he is just into himself. My opinion, my experience, my frame of reference. I, me, myself. They don’t want to step outside of their mind world. Being curious about others needs you to be less besotted with yourself.

Signal lost in noise:

The multiple inputs coming in can get scrambled. Urgency, anxiety and biases can defeat open communication. If your mind is buzzing, you will not hear the voice of an individual. Noise will defeat the weaker messages.

We hear only what consumers speak out loud. This leads to the perception that they aren’t interested. The deeper, more nuanced, more fundamental pieces are often not known to researchers. It’s seductive and superficially logical to think that other people have lesser motivations and lesser minds.

The story is bigger than the character

This is what market researchers, pollsters, and academicians often do. They adopt a plain, detached, boring, and objective stance. But you know – for your own lives-that parts that matter the most in making the person you are her unique subjective—confidence, tenacity, imagination, emotions, creativity, intuitions, ethics and faith. This is very much the inner world. And we rarely wear it on our sleeve.

A human life is far more astounding and story like than any of the generalisations we make about a group.

If you want to understand humanity, you have to focus on the human.

There’s a natural human tendency to make generalisations about them: the Indians are good at Math, Chinese are thrifty, Americans love life King size. These generalisations occasionally have some basis in reality. But they are all false to some degree.

Reductionism –It is the approach of explaining complex phenomena by reducing them to simpler, more fundamental components or principles. It involves breaking down a system into its basic parts to understand and analyze it.

Reductionists don’t recognize or celebrate complexity. They are quick to use stereotypes to categorize vast swaths of people. Theirs is the belief that certain groups actually have a core and immutable nature.

They imagine that people in one group are more alike than they really are. They imagine that people in other groups are more different from “us” than they really are. Reductionists do stacking by learning one thing about a person, then making a whole series of further assumptions about that person.

If this person supported Donald Trump, then this person must also be like this and do that.

People change and social norms change. Often, the change is profound. So to understand you I need to meet who you really are.

I have elaborated on these areas to emphasize that seeing another person well is the hardest of all hard problems. Each person is a deep mystery, and you have only an outside view of who they are. “Research is formalized curiosity, it is poking and prying with a purpose.” Said Zora Neale Hurston. Seeing another person well is even harder than taking a CT scan. You won’t do that without being trained. So, experience and training matters. I was lucky to be at HLL in my formative years and even as a management training there was strong emphasis on market research and visiting consumer homes. I remember doing three research pieces: a roll on deodorant, herbs infused tea and a market assesment for a yogurt based drink for Egypt. Then, on the job almost every day there was some research briefed, decoded and discussed.

We’ll do well to think of empathy as the key to not only research but relationships. Else, we will lead our lives walking blind in ignorance, enmeshed in relationships of mutual blindness. This ignorance pervades other relationships based on understanding as well. So, husbands and wives, parents and children, colleagues at work, neighbours in a community and so on.

I believe the Japanese have worked out the best micro observation methodologies.

Gemba is a Japanese term that translates to “the real place” or “the actual place.” In business and manufacturing contexts, it often refers to the location where value is created, such as a factory floor or workspace. The concept emphasizes the importance of direct observation and understanding of processes in their actual environment to improve efficiency and solve problems.

Gemba behaviours involve actions and practices associated with the principle of “gemba” or observing the actual workplace. Key behaviours include:

Observation: Actively watching and understanding processes in the real work environment.

Engagement: Direct involvement with the work being done, interacting with workers and understanding their experiences.

Problem-Solving: Identifying and addressing issues on the spot, promoting continuous improvement.

Collaboration: Encouraging teamwork and communication to enhance overall efficiency and quality.

Data Collection: Gathering relevant information from the actual work site to inform decision-making.

Incorporating these behaviours supports a culture of continuous improvement and operational excellence.

A marketer has a triple responsibility to see well: see for oneself as an individual, see for the brand you manage and see as a social influencer.

“[Marketing] people who ignore research are as dangerous as generals who ignore decodes of enemy signals.”

– David Ogilvy

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

An expert and industry disruptor’s insights into the world of Indian commerce

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

An insightful peak into the challenges and opportunities that the e-commerce market holds for the nation.

In an enriching conversation with CNBC-TV18, Chirag Taneja, Co-founder, and CEO of GoKwik, discusses the company’s approach to building full-stack solutions for e-commerce brands. GoKwik is India’s leading e-commerce enablement company. Delshad Irani, the host, delves into modern-day relevant topics such as technology, innovation, market dynamics, strategic partnerships, the impact of innovations and customer stories. They also touch upon the company’s digital success stories and what the company envisions for its future.

Taneja begins by emphasising on the young India, and the nation’s exciting market for e-commerce. With its vastly young population and a significant proportion of internet users, the country is in the midst of a digital revolution. India will stay a young country till 2075, and Taneja expressed how he is excited to see Gen-Zs take over this space. He reflects on the transformation of e-commerce in India from its early days, primarily purchasing books online, to the present, where consumers are increasingly exploring options beyond major marketplaces like Amazon and Flipkart.

He also expressed how the world is moving towards an experiential interface for shopping and GoKwik is keen on being a part of it. GoKwik has a vision of enabling merchants to achieve greater Gross Merchandise Value (GMV) and are focused on creating seamless, secure, and performance-driven solutions for e-commerce brands. He briefly touches upon the company’s journey and its innovative approach to solving the challenge of cash on delivery through risk scoring.

As the interview progresses, Taneja shares insights into Gokwik’s full-stack solutions. He emphasises on the importance of scalability and performance in the e-commerce world. He mentions the deployment of AI, including ChatGPT and other language models, to enhance customer experience and automate processes.

GoKwik’s partnerships with e-commerce brands are approached with a collaborative lens. In today’s market, one can’t ignore being agile and remaining relevant. And hence, GoKwik believes in treating their vendors as partners and just solution providers.

The average consumer of e-commerce in India is also evolving. Consumers are now more adept to the changing technology & respond well to automated mandatory processes. The young population of India has the potential to bring in a transformation and various growth opportunities in many product categories.

The interview concludes with a focus on the rising trend of conversational commerce, particularly on platforms like WhatsApp. Taneja sees chat commerce as the next phase of e-commerce evolution, where intuitive and conversational interactions will drive customer engagement and satisfaction.

For the upcoming Forbes India presents GoKwik Future of Commerce Conclave, Taneja added that he is looking forward to a comprehensive exploration of the e-commerce landscape. He is keen on deciphering new trends, and shedding light on the opportunities and challenges. Both Delshad and Taneja agreed that the anticipation is high for such insightful conversations at the event, which will provide a thorough understanding of the shifts and innovations shaping the future of commerce.

In summary, this dialogue provided valuable insights into GoKwik’s mission for the coming years, and the evolving nature of the Indian e-commerce market.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

Ikea India CEO emphasises home pride as key advantage, aims for greater accessibility and affordability

IKEA Foundation invests €48 million in India to 'sustainably power' health centres by 2026

Ikea, the Swedish home furnishing giant, recently unveiled its 10th Life at Home report, shedding light on the evolving dynamics of how Indians perceive and live in their homes.

With 50% of Indians considering their homes as their favourite place and an impressive 63% expressing positivity about their current lives at home, the report provides valuable insights into the nation’s lifestyle preferences.

One of the standout findings of the report is the profound sense of home pride among Indians. Susanne Pulverer, CEO of Ikea India, emphasised this sentiment, stating that the fact that Indians prioritize their homes as the most important place in their lives is a significant advantage for Ikea.

Despite challenges related to accessibility and affordability, Pulverer expressed confidence in Ikea’s ongoing journey to make its products more accessible and affordable for a broader segment of the Indian population.

As priorities evolve, so do the dynamics of homes. The report highlights the continuous transformation of homes over the years.

In response to the changing landscape, Ikea announced a significant price reduction of up to 20% on more than 250 articles. This move, disclosed by Ingka Group deputy CEO and CFO Juvencio Maeztu at the World Economic Forum in Davos, is aimed at addressing concerns related to high inflation and interest rates. Maeztu emphasised Ikea’s long-term vision to create a better life for people and the company’s commitment to affordability.

Susanne Pulverer reiterated Ikea’s commitment to inclusivity, stating that the brand aims to be inviting to a wide range of customers. With approximately 1,000 products priced below 200, Ikea intends to provide an entry point for many Indians to experience their products.

In a separate development, Yannis Dosios, Chief Commercial Officer (CCO) of Integral Ad Science (IAS), shared insights into the opportunities, challenges, and impact of artificial intelligence on the adtech industry. IAS, a global media measurement and optimisation company, collaborates and provides actionable data to drive superior results for some of the world’s largest advertisers, publishers, and media platforms.

Watch accompanying video for entire conversation.