5 Minutes Read

From chocolates to cherished memories: Cadbury’s 75-year journey in India

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

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Summary

Cadbury’s journey has been marked by iconic advertisements that have left a lasting impression on the nation. Storyboard18 had the privilege of having esteemed brand custodians in the studio to share more about this incredible journey.

Mondelez India, formerly known as Cadbury, has established a remarkable 75-year presence in the country. The introduction of Cadbury Dairy Milk in 1948 marked the beginning of its leadership in the chocolate category in India.

Over the years, Cadbury’s products like Bournvita, 5 Star, and Gems have become synonymous with our festival celebrations, summer vacations, and school sports days. The immense love of Indian consumers for Cadbury’s offerings has made it a household name, but this success did not come without challenges.

Decades ago, when the brand was trying to establish itself in the Indian market, it faced a significant hurdle. Chocolate was considered a novelty, perceived as childish when compared to the abundant array of traditional Indian sweets.

The key task at that time was to create awareness and adoption of chocolates as a delightful indulgence. This is where Cadbury’s robust marketing and advertising strategies played a crucial role. Through a strong and consistent effort over seven and a half decades, the brand succeeded in carving a special place in the hearts and minds of consumers across the country.

Cadbury’s journey has been marked by iconic advertisements that have left a lasting impression on the nation. Storyboard18 had the privilege of having esteemed brand custodians in the studio to share more about this incredible journey.

Piyush Pandey, Chairman Global Creative and Executive Chairman India Ogilvy; Nitin Saini, Vice President Marketing Mondelez India; Shekhar Banerjee, Chief Client Officer and Office Head West Wavemaker India. Additionally, Anil Viswanathan, Managing Director of Vietnam Mondelez International, and Sukesh Nayak, Chief Creative Officer, of Ogilvy India, joined virtually to provide further insights.

Together, they will shed light on the remarkable evolution of Cadbury in India and the strategic decisions that have made it a cherished part of our lives.

Also Read | The dynamic alliance between marketing and finance: Reshaping brands and businesses

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

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

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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
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Sugar-coating the truth: Are malt-based products healthy for your children?

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

 Listen to the Article (6 Minutes)

Summary

The entire controversy began when an influencer deleted the viral reel after receiving a legal notice from the company on April 13. In the video, which was seen by more than 12 million people, Bournvita was called out for having sugar, cocoa solids, and cancer-causing colourants.

It was a few months ago that my eight-year-old started resisting plain milk. After I started adding a malt-based product, she started drinking milk once again without throwing tantrums. I knew it was not a healthy option but I convinced myself that I will use it in small quantities.

With the latest controversy around Cadbury Bournvita, I confess that I’m feeling guilty and reconsidering my decision. A lot has already been written about the controversy and how the product is a “sugar bomb”, but the first thing we need to change in our homes is the consumption of sugar.

Traditionally, in Indian households, cheeni (sugar) is considered auspicious and mothers are not used to rationing it from their children’s diets. In fact, we believe that children and youngsters are the fittest and can eat anything and everything.

You may have noticed grandparents serving paranthas slathered with butter, hot chapatis dripping with desi ghee or bowls of greasy and sweet homemade dessert. This is often considered a sign of their love and care.

ALSO READ | Bourvnita controversy over sugar content spark debate over benefits of health drinks

Socially and traditionally, we believe that it is not children who should ration sugar or oil but only the elderly or people with health issues, thanks to popular cliches such as – Ab nahin khaoge toh kab khaoge (roughly translated to ‘this is the time to eat as you wish’).

But with changing times, we have now realised that India is reeling from the burden of lifestyle and non-communicable diseases (NCDs), and it is time to change the basics. These NCDs include cardiovascular diseases, cancer, diabetes and chronic respiratory diseases – contributing to around 3.8 crore (68 percent) of all deaths globally and to about 58.7 lakh (60 percent) of all deaths in India.

How much sugar is right?

A higher consumption of free sugar, often exceeding the recommended 5 percent intake, is linked to obesity in children, dental caries and NCDs in later stages of life. You can blame the increased air pollution and lifestyle diseases, changing environmental conditions, the post-pandemic world, but there is an urgent need to change our children’s diets.

Coming back to Bournvita, the label states: ‘Add 2 heaped teaspoons (20 grams) of Bournvita to a cup of hot or cold milk’.

Not many of us focus on ‘20 grams’ and use our own estimates. Rather, we focus on “heaps” and end up mixing the powder in milk, sometimes adding extra sugar as well. The company claims that “every serving of 20 grams of Bournvita has 7.5 grams of added sugar, which is approximately one and a half teaspoons”.

ALSO READ | Bournvita controversy: Yet to receive any complaint against Cadbury drink, says India’s standards regulatory body

“This is much less than the daily recommended intake limits of sugar for children,” a company spokesperson told News18. But experts claim that it also includes “hidden sugar”, taking the total sugar content to 73.1 grams in every 100-gram serving.

Soumya Swaminathan, the former chief scientist of the World Health Organization, tweeted that hidden sugar in such products is leading to an increase in the incidence of diabetes, even in low-income families.

The American Heart Association recommends children and teenagers should consume less than 25 grams, or six teaspoons, of added sugar per day. Similar estimates are given by the UK’s health agency, National Health Service (NHS). It says children aged 7 to 10 should have no more than 24 grams of free sugars a day or six sugar cubes, whereas children aged 4 to 6 should have no more than 19 grams of free sugars a day or five sugar cubes.

Malt-based beverages and health drinks

It’s not the first time the health benefits of ‘malt-based’ drinks have been questioned. In fact, a group called Nutrition Advocacy in Public Interest (NAPI) keeps questioning the benefits on a regular basis. In 2018, it also asked Bollywood actor Amitabh Bachchan to discontinue his association with another malt-based drink due to its high sugar content.

These drinks claim to contain “unique” and “scientific formulas”. Bournvita claims to contain an “inner strength formula” that can help develop the brain, bones and muscles as well as strengthen immunity.

But experts believe that these drinks may not even be the right supplements for children. The parental guidance booklet published by the Indian Academy of Pediatrics (IAP) in 2021, recognised that malt-based milk supplements are commonly used in India.

While the primary ingredient is malt, mostly barley, or cereal derivative, the secondary ingredient is invariably high in sugar. It is the free sugar that becomes a matter of concern, as it is not only addictive and a habit-forming substance but also leads to health problems such as weight gain, dental caries, and risk for chronic lifestyle-related ailments.

These milk supplements belong to the ultra-processed food category and the IAP suggests that they should “best be avoided”.

“Advertising has often portrayed supplements as full of energy, vitamins, and minerals,” the guidance booklet stated.

ALSO READ | Mind Matters: Behavioural addiction increased immensely, says senior psychiatrist

But the IAP clarifies, in the same booklet, that the quantities of micronutrients present in these drinks may give “some benefit to children who have their deficiency” but have “no role in healthy kids”.

“Even for providing the vitamins and minerals, the same amount can easily be obtained from other foods which are not only cheaper but also do not have associated ill effects as with these drinks,” the booklet states. “Results of improved calcium clearly indicate that it is just the milk that was responsible for it.”

The document said it all.

Advertisements influence parents

The way the products are advertised plays a significant role in modifying parents’ choices.

Sample this: The American Academy of Pediatrics (AAP) recommends that “nutritional supplements, such as Pediasure, only be used when children are unable to receive adequate nutrients from their diets”.

In a study published in 2019, authors found that despite AAP recommendations, over a third of parents chose to include the product in an ideal meal plan (IMP) for their child.

“This percentage grew dramatically with increasing body mass index (BMI), showing that children who fell within the overweight and obese categories had parents who chose Pediasure for an ideal meal plan at a significantly higher rate,” the study found.

The reason could be the popularity of dietary supplements widely advertised as “clinically proven to help kids grow”, which possibly ends up convincing some parents that not consuming nutritional supplements may put their child at a disadvantage.

What do Indian guidelines recommend?

India has coined an acronym – ‘JUNCS’ for “junk foods, ultra-processed foods, nutritionally inappropriate foods, caffeinated, coloured, carbonated (foods or beverages) and sugar-sweetened beverages”.

According to the IAP guidelines on ‘JUNCS’, their consumption is associated with higher free sugar and energy intake. It is also associated with higher BMI and possibly with adverse cardio-metabolic consequences in children and adolescents.

The group recommendations, published in 2019, ask to avoid consumption of JUNCS by all children and adolescents as far as possible and limit their consumption to not more than “one serving per week”. In fact, the guidelines recommend the intake of regional and seasonal whole fruits over “fruit juices” in children.

No point blaming Bournvita

The entire controversy began when an influencer deleted the viral reel after receiving a legal notice from the company on April 13. In the video, which was seen by more than 12 million people, Bournvita was called out for having sugar, cocoa solids, and cancer-causing colourants.

In an email to Mondelez India, I requested “some scientific documents or peer-reviewed studies which were used to claim the health benefits mentioned on the pack of Bournvita”. The claims made on the packet are “active brain, strong muscles, strong bones and immune system”. I asked for proof for each of these claims.

The reply from the company was a standard statement but I realised Bournvita’s claims are backed by adequate documents required for selling products in India. While the company did not share any study, which can substantiate the claims backed by solid research, they did substantiate them in some ways.

ALSO READ | Sugar prices shoot up as production slows amid high demand

The company said, “We would again like to reinforce that the formulation has been scientifically crafted by a team of nutritionists and food scientists to offer the best of taste and health.”

“All our claims are verified and transparent and all ingredients have regulatory approvals. All the necessary nutritional information is mentioned on the pack for consumers to make informed choices,” it said.

I also reached out to the Advertising Standards Council of India (ASCI) – the watchdog, which works on misleading advertising, over the claims on the pack of Bournvita.

Manisha Kapoor, chief executive officer and secretary general of ASCI, told News18 that earlier in 2018, the organisation had already examined a similar complaint against Bournvita.

“In 2018, ASCI had examined a complaint against Bournvita for making claims related to muscles and bone strength and active brain,” she said, explaining that the company was able to meet the requirements of the committee.

The company had told ASCI: “Bournvita is fortified with Vitamin D and phosphorus, both required for maintaining bone health. Bournvita is also fortified with iron and other micronutrients iodine, and B9 and B12 vitamins that are directly responsible for blood circulation and brain function. Due to the presence of these ingredients, Bournvita could make a supportive claim that it has ingredients that help build muscle, bones and active brain.”

Hence, the entire controversy fizzles out.

The crux of the matter:

As paediatric obesity rates continue to climb across the globe, it is essential that India starts creating stronger food and advertising standards. Despite several discussions to bring a health star rating, food regulator FSSAI has not launched the system for cautioning the consumer against excess calories associated with the non-medically necessary use of nutritional supplements.

Dear mothers, instead of blaming Bournvita, it’s time to change our own mindset. We must recognise that a healthy diet in early childhood is essential for optimal growth, while laying the foundation for later years and the prevention of chronic ailments in future.

This article first appeared on News18.com here.

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

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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
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Mondelēz International expands multi-year contract with HCLTech

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

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Summary

Mondelēz International will make use of HCLTech’s Artificial Intelligence and automation tools to provide an improved user experience and quicker issue resolution to its over 1.1 lakh employees.

[wealthdesk shortname=”HCL Tech” isinid=”INE860A01027″ bseid=”532281″ nseid=”HCLTECH” sector=”Computers – Software” exchange=”nse”]

One of the world’s largest snacks, packaged food, and beverages companies, Mondelēz International, has extended its multi-year partnership with Indian IT giant HCL Technologies for bolstering its cybersecurity as well as transforming its digital workplace services globally.

HCL Technologies said that the United States-based global food giant has deployed its ‘BigFix’ platform for automating the discovery and remediation of cyber vulnerabilities to ensure that all of its endpoints, including mobile devices and laptops, are constantly secured.

Mondelēz International will make use of HCLTech’s Artificial Intelligence and automation tools to provide an improved, ‘on-demand personalised’ user experience and quicker issue resolution to its over 1.1 lakh employees globally.

In order to further facilitate an improved employee experience for the employees of Mondelēz International, the IT major will form a Digital Experience Office for automation and steady improvement.

Meanwhile, Sharekhan recommended a buy rating on HCL Technologies stock with a target price of Rs 1,140 in its research report dated December 09, 2022.

HCL Technologies was the top loser on the Nifty 50 Index on Friday as the stock plunged nearly 5 percent in early trade after the company said it expects revenue growth for the current financial year to be at the lower end of the 13.5 percent to 14.5 percent guidance range.

Shares of HCL Technologies ended 0.22 percent higher at Rs 1,029.80 on Monday.

Also Read: HCL Tech lower guidance driven by higher-than-anticipated leaves in BFSI, telecom and hi-tech sectors

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

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

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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
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Mad About Markets: Unwrapping the success story of India’s chocolate industry

Chocolates pose threat to environment. How are they supposed to be 'eco-friendly'?

The entire confectionary space in India, which accounts for all the chocolate, hard-boiled candies, lollipops, eclairs, gums and mint, is worth about Rs 26,000 crore as per Euromonitor.

But chocolate is its biggest contributor at over Rs 5,500 crore as of 2022. It has grown from a little over Rs 12,000 crore in 2019 and is expected to almost double by 2027.

What’s powering the chocolate train in India? Our growing population, shifting consumer tastes, and rising middle-class disposable income have been key growth drivers for the mass chocolate market and increasingly a fascination and love for international luxury brands, local artisanal brands, etc. clubbed with awareness of the health benefits of dark chocolate is also driving growth for chocolates.

RS Sodhi, Managing Director of Amul; Vikram Karwal, Senior Director – Marketing at Mondelez India; and Kalpesh Parmar, Country General Manager at Mars Wrigley India, discussed all the insights.

For the entire discussion, watch the accompanying video.

Storyboard18 in conversation with India’s top brands on festive season strategies

Ahead of the festive season, Storyboard18’s Shibani Gharat caught up with Hardeep Singh Brar, VP and Head of Sales and Marketing, Kia India about their journey in the last three years. Plans for the festive season and much more.

Also, Vineet Sharma, Category Director-Mountain Dew, PepsiCo India spoke about the new take on ‘Darr Ke Aage Jeet Hai’ and the brand diving into the everyday struggles of people.

Also Read: Banks go all out to woo customers with sweet festive offers

Mondelez India’s Vice President-Marketing Anil Vishwanathan spoke about how they are extending their generosity platform to the whole of the festive season and their expectations from Diwali.

Also Read: Mega Home Utsav 2022 starts: Should you invest in real estate this festive season?

For the entire show, watch the accompanying video

 5 Minutes Read

Backstory: When Cadbury battled Nestle over the Colour Purple

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

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Summary

Backstory: How Cadbury’s attempt to bag an exclusive trademark in relation to a particular shade of the colour purple pitched it against rival Nestle and what transpired as the two multinational chocolate giants slugged it out in international courts, writes CNBC-TV18 columnist Sundeep Khanna

Two of the sweetest multinational brands in India, once slugged it out in international courts over the colour purple. At the heart of the dispute between chocolate giants Cadbury and Nestle was the ubiquitous packaging used by Cadbury, in which Pantone 2685C, a shade of Purple which it had started using in 1995, was a central figure.

All went well till 2004 when Cadbury decided to trademark that particular shade on the basis of “acquired distinctiveness” and filed an application to that effect with the UK Trademark Office. Its end objective was to extend the distinctive packaging to other products like “chocolate confectionery, chocolate assortments, cocoa-based beverages, preparations for cocoa-based beverages, chocolate-based beverages, preparations for chocolate-based beverages, chocolate cakes,” etc.

Predictably Nestle contested the application on various grounds including bad faith and lack of distinctiveness. Cadbury’s argument was that it had been using the colour in its packaging ever since it had decided to honour the choice of Queen Victoria in 1914.

The case dragged on for the next seven years till in 2011 a UK Intellectual Property Office hearing decided that since the colour was closely associated by people with Cadbury’s milk chocolates, the company was entitled to register a trademark for the same. Nestle took the case to a UK High Court but here too it was dismissed though in a concession to Nestle the court ruled that the judgement wouldn’t apply to Cadbury’s dark or white chocolates.

Cadbury’s defining milk chocolate, the popular Cadbury Dairy Milk, had been launched in 1905 though its founder John Cadbury had started with a solid chocolate bar in Birmingham as far back as 1849. Given its lineage, the UK-based company, now owned by Mondelez International, might have been fine with the ruling but its rival Nestle wasn’t having any of it. The Swiss company challenged the judgement and in October 2013 a UK Court of Appeals ruled in its favour and Cadbury lost its trademark of the purple colour. The next year its right to appeal was rejected by the courts and with that Pantone 2685C was no longer the sole preserve of Cadbury.

It wasn’t the first such reverse for Cadbury. In April 2006, three years after Cadbury had launched legal proceedings against Australian confectioner Darrell Lea over its use of various shades of purple in its store signage, uniforms and product packaging, Australia’s Federal Court ruled that the company did not “own” the colour purple.

The case had little bearing on the market in India with Cadbury, which first set up shop in the country in 1948, continuing to hold sway with a 55 percent share of the market as against Nestle’s slimmer 15 share. Since then Cadbury has further strengthened its position in the $1.9 billion Indian chocolate market as of 2020. Now operating as Mondelez India, it has a 65 percent share of the chocolate confectionery segment, followed by Nestle at around 20 percent.

—Sundeep Khanna is a former editor and the co-author of the recently released Azim Premji: The Man Beyond the Billions. Views are personal

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

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

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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
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​Cadbury’s NothingCoin: How to earn and spend digital currency, and other questions answered

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

 Listen to the Article (6 Minutes)

Summary

Put your phone aside, allow your phone to mine Cadbury’s NothingCoin and and avail offers on various platforms such as The Souled Store and Paytm, or to get JioMart vouchers. Plus, you don’t need any fancy mining tools or any monetary investment. The coins will mine while you ‘do nothing’.

Cryptocurrencies are a rage now and chocolate maker Cadbury wants to be part of the action. Through its latest campaign, ‘Do Nothing’, the company rewards users for doing nothing. Mondelez India’s marquee brand has launched a crypto-like currency called the NothingCoin that gets mined while you do nothing.

The campaign aims to have a special appeal with youth-based consumers to take a breather and get rewarded for it. Mining NothingCoin neither requires fancy mining tools or any monetary investment.

Anil Viswanathan, Senior Director – Marketing, Mondelez India said, “Gen Z today is in a constant hustle mode list – right from balancing their studies, finding a job, having an active social life to worrying about their investment plans. We truly feel they deserve some downtime and perhaps a much-needed digital detox.”

“….the introduction of NothingCoin is our attempt to inspire them to take a break in the most engaging and rewarding manner,” he added.


Also Read | These 14- and 9-year-old siblings make over $30,000 a month mining crypto


How to start mining  

Users can simply buy a Cadbury 5Star and scan the QR code on it to access the DoNothing website for mining.

However, it must be noted that NothingCoin is not an actual currency. It is a part of a limited period advertising campaign by the company. It will be running for two months PAN-India.

Is there a criteria for mining NothingCoins? 

To start mining, one must literally ‘do nothing.’ All you need to do is put your phone aside and allow the phone to start mining the NothingCoin for you. The mining will stop the minute you use the device. So to earn more coins you need to keep the phone idle as long as possible.

Cadbury has even opened a dedicated Do-Nothing Bank at Nariman Point in Mumbai where users can buy a 5Star, get started with activation and relax comfortably on couches while their phones idly mine NothingCoins. The bank has a loans counter, an ATM, and investment schemes with quirky messages that ask the consumer to do nothing.

Nonetheless, even if one does not reside in Mumbai, they can still mine the NothingCoin from their respective locations.


Also Read | India isn’t buying enough chocolates


What can you do with NothingCoins? 

Mined coins can be used on the online Cadbury 5Star mall to avail offers on various platforms such as The Souled Store and Paytm, or to get JioMart vouchers. Mined NothingCoins can also be used to make purchases on JioMart as it is accepting NADA as a currency. Cadbury is also in the process of adding partners to its list of tie-ups to offer users more benefits.


Also Read | Mondelez and Ogilvy remake the iconic Cadbury ‘Cricket’ ad, but with a twist 


 

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

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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

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Storyboard | Mondelez India’s festive ad coup

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

 Listen to the Article (6 Minutes)

Summary

With ‘Not Just A Cadbury Ad 2.0’ featuring Shah Rukh Khan, the snacking major breaks through the festive ad clutter. Storyboard goes behind-the-scenes.

In 2020, Mondelez International announced its global marketing approach called ‘Humaning’. While Humaning got mixed reactions from some quarters of the industry and was mocked, the company persisted and since then Mondelez has been constantly attempting to create “human connections with purpose” through its advertising campaigns around the world.

In India, Anil Viswanathan, senior director – marketing, Mondelez India, his team, and agency partners are moving the needle from ‘storytelling’ to ‘storydoing’ through brand initiatives that go beyond ads.

‘Not Just A Cadbury Ad’ is an example of the Humaning philosophy in action.

More than an ad

Last year, as a part of the brand’s ‘Iss Diwali Aap #KiseKhushKarenge?’ campaign, ‘Not Just A Cadbury Ad’ leveraged artificial intelligence to create hyper-personalised spots for local businesses in around 260 pin codes. It married creativity and tech with a purpose, that was to promote local businesses at a time when they were worst hit by the pandemic and lockdowns. The campaign ties in with Cadbury’s fairly new global brand positioning centered on genuine, low-key acts of kindness and generosity.

In the 2021 edition, in addition to the hyper-personalised brand films that will reach the end consumers, local retailers will get to make a version of these ads for their stores, using the AI-powered technology developed by Rephrase.ai.

Small businesses that are pinned on Google maps can then share their custom-made ad featuring Bollywood superstar Shah Rukh Khan through WhatsApp. In these ads, Khan will be seen nudging consumers to shop from various local stores.

The campaign will feature over 2,000 grocery, retail, consumer electronics, home décor, clothing, furniture, and jewellery stores across the country, highlighted by pin codes across the north, east, and west zones.

Through this campaign, Mondelez India’s agency partners – Ogilvy India and Wavemaker, wanted to create scalable avenues of engagement for small businesses with their consumers.

Viswanathan tells Storyboard, “Big brands have the media budgets that they can spend on communication strategies and solve their business problems. That’s not the case with small businesses. That was basically the germ of the idea.”

He adds that last year, with the initiative, the company’s Diwali sales were 25 percent more than they anticipated. “In order to sustain the idea, purpose, and business, it was important to continue the campaign with new layers of engagements,” says Viswanathan.

People who worked on the campaign tell us that technology when used for the right cause and in the right way can help brands to stretch ideas in ways and directions previously unimaginable. The purpose of the campaign is what makes the technology meaningful and useful. Using Rephrase.ai’s facial re-enactment tool, the brand plans to amplify the message and work.

An advertising coup

But the campaign is not just AI-powered, it’s also Brand SRK powered. What is making ‘Not Just A Cadbury Ad 2.0’ the talk of the town is the combined power of the idea of generosity and helping people and the brand’s choice of celebrity to deliver that message.

The campaign comes at a time when Khan’s found himself in the thick of a controversy that’s captured national attention. Following Khan’s son’s alleged involvement in a drug-related case and arrest earlier this month, a few brands paused and delayed ads featuring the Bollywood star, after facing some backlash online. But they quickly resumed advertising. Brand experts Storyboard spoke to during our coverage of these events said that these breaks are temporary and the power of brand Khan will not be affected. In fact, it seems that his popularity has been supercharged in recent days.

Viswanathan admits there was a “slight risk” involved in the timing of the campaign. But he says that after much discussion, the teams realised that Khan only adds value to an initiative like this one.

Adhvith Dhuddu, CEO, AliveNow Creative Tech Studio, who works on creative AR solutions, chatbots, Alexa Skills for various local and global brands, believes, Khan’s “brand image and personality is bigger than what’s happening right now.” As “a self-made icon whose journey embodies an aspirational India,” the brand made a “bold” yet wise choice, says Dhuddu.

On the nature of the campaign itself, Prathish Nair, co-founder and chief brand architect, Transcend Brand Consulting, says the campaign hits the right mark as sentiments are still low among local retailers and so, creating product-based communication wouldn’t have worked as well. The inclusive, “we care about you” creative route is “the need of the hour and is far more effective,” he adds.

Going forward, the possible challenge for the campaign and idea could be a misuse of the technology and keeping it novel and unique even after thousands of local retailers make their ads. But these doubts are, at the moment, overshadowed by the campaign’s smart marriage of creativity, technology, purpose and SRK star power. Cadbury has hit it out of the park.

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

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

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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
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Bayer Consumer relaunches legacy brand ‘Saridon’ with eye on younger Indians

Bayer Consumer Health India recently relaunched its legacy brand Saridon that has been there in the country for five decades. They have also rolled out a campaign – ‘Sar Dard Chupao Nahi, Mitao’.

CNBC-TV18’s Storyboard team caught up with Sandeep Verma, Country Head, Bayer Consumer Health India on how the company is positioning and reinventing ‘Saridon’ for the Indian consumer and the challenges and opportunities of the Indian market.

Verma said, “These legacy brands display very powerful, what we call, sincerity characteristics. So they have delivered over a period of time. And in times like these, the post-pandemic times, the consumers are essentially very deeply drawn to that. They see in these legacy brands the qualities that you can rely upon, especially in a world that is going through so much change. So that’s the first thing to do to remember about Saridon.”

He explained that using this information and awareness, the key for the firm is to navigate its way forward on Saridon, taking cue from what has worked for it till now. “For this brand Saridon, there a single-minded focus on its functional promise of getting rid of headaches with just one Saridon- ‘Sirf ek Saridon’.” he added.

Verma said Bayer Consumer Health has simply made Saridon bigger, and has further enhanced the awareness and the feel of ‘sirf ek saridon’.

“I have to admit that over the last few years, this brand had lost its engagement, especially with the younger Indians. So, we went back to the drawing board to the younger radians, we tried to segment this whole younger Indian consumer set into the multiple cohorts and then tried to identify the contexts in which each of them was behaving when it came to pain,” he said, adding that the company is addressing each of these cohorts differently.

Storyboard team also spoke with Sanjay Agarwal, MD and CEO at AU Small Finance Bank to talk about the bank’s new campaign BADLAAV Humse Hai’’. The bank has also announced a couple of new services for its customers.

Throwing more light on the campaign and future outlook, Agarwal said, “As we all know, is 0101 is the property name of our digital bank that we launched a month back.” He said the pandemic has necessitated the need for tech and the banking sector cannot lag behind.

“We, being the largest SFB, need to bring a lot of tech liquid forms where there is customer convenience, customer flexibility, and customer easiness. So our super app 0101 consists of everything – right from transaction, deposits, loans, to lifestyle, even video banking and a lot of things,” he said.

Agarwal explained that now that people know about the digital services of the bank, it is launching this mega plan of marketing, even across countries, so that people know about it and start using it.

Storyboard also focused on Mondelez, which has launched a new campaign called ‘My first rakhi’. It captures the story of a sister and her older brother who is physically disabled and is yearning for that rakhi to be tied on his wrist. To talk about the campaign and Mondelez India’s plan for the festive season, the team spoke with Anil Vishwanathan, Senior Director-Marketing, Mondelez, India to find out more about their launch.

For the entire show, watch the video

 5 Minutes Read

Mondelez International CEO says India setting example for the world in low unit pricing of chocolates​

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

 Listen to the Article (6 Minutes)

Summary

“Every country is trying to launch its chocolate at the ideal price point. India, of course, is setting the example where they’ve really cracked that, and they know how to do it,” Mondelez International CEO said.

For Mondelez International, the Indian market is leading the way as the chocolate and biscuit maker looks at low-unit pricing for its chocolates in emerging markets. India as a market sees a majority of its consumption coming from rural households, where smaller or value packs at low price points see most takers.

Speaking at the Alliance Bernstein 37th Annual Strategic Decisions Conference, Dirk Van De Put, chief executive officer (CEO) of Mondelez International said as the company works to develop its presence in low-priced segments in emerging markets, India is one country that has cracked this, and is now setting the example for the world.

“We are doing a lot, for instance, on low unit pricing around the world. Every country is trying to launch its chocolate at the ideal price point. India, of course, is setting the example where they’ve really cracked that, and they know how to do it. And so, they’re kind of the example we have for the world,” Van De Put said.

Also read: Reliance Retail second fastest growing retailer in the world

He said restrictions imposed across India amid the massive surge in COVID-19 cases in the second wave are not materially affecting the company’s sales. Van De Put said India’s performance will still look ‘very good’ in the second quarter of 2021, compared to last year, aided by a weak base.

His optimism stems from the fact that India has not seen a total lockdown, but only local restrictions across the country. “There’s only about 10 percent of the population that’s in a total knockdown. And so, the restrictions are not materially affecting our sales,” he said.

In the first quarter, the maker of Cadbury Daily Milk and Oreo saw double-digit growth in India, along with other emerging markets such as China and Brazil. Specifically in India, the performance was ‘spectacular’ in the first quarter, the CEO added.

Also read: Zerodha rolls out new feature; investors can now tag trades and track profitability

“I think that was driven by the persistence of our teams, doing a great job, keeping our supply chain running, keeping in contact with our clients, I think also a little bit of a shift in the eyes of the consumer where they prefer packaged food versus street food and snacking,” Van De Put said.

As per industry sources, Mondelez India crossed $1 billion in sales last year. Meanwhile, the company claims to be a market leader in the chocolate category in India with over 65 percent of the market share (as per Nielsen), with Cadbury Dairy Milk alone commanding a market share of over 40 percent.

The CEO also expressed similar confidence in the Indian market while addressing its January-March 2021 results in April, where he said India delivered extraordinary growth on the back of ‘great execution’ and robust consu­mption in chocolates and biscuits.

Also read: COVID-19: Here’s why retailers are severely hit by the second wave

Mondelez International also sees a lot of headroom for growth in the country, having added 330,000 new outlets in India in the last two years. There are around 9 million food retail stores in India, of which, Mondelez says it currently covers about 1.7 million directly and 3.2 million indirectly through wholesalers and distributors.

“So, still a lot of headroom for us. The consequence of this has been around the world that we’ve added about 150 million households penetration in the last 12 months,” Van de Put said.

From a brand point of view too, the company expects its largest brand Oreo, to cross $100 million in sales in India. Currently, 60 percent of Oreo sales come from the US and China, with India being the third-largest market for Oreo.

Also read: COVID-19 impact: Vehicle inventory piles up due to muted demand

“We have built really a very strong brand in each country. We know how to do it. India is the next one, where Oreo will surpass $100 million. So, still, a long way to go to $1 billion, as we have in China and the US. But, we are on our way,” he said.

Mondelez India has been expanding its product portfolio too, under its two biggest brands Cadbury and Oreo. Most recently, the company launched products such as Cadbury Oreo Milkshake Mix, Cadbury Dairy Milk Silk Oreo, Cadbury Dairy Milk in Lickables, Oreo Cadbury Dipped, etc.

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
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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?