• Tue, Aug 22, 2017
  • Digital ad spend to hit Rs 9,700 cr by year end

    Updated: Aug, 21, 201711:29 PM

    The digital advertising spend in India is expected to continue at a compound annual growth rate (CAGR) of 33 per cent to touch Rs 9,700 crore by December 2017, a recent study said here on Monday.
    Digital ad spend to hit Rs 9,700 cr by year end
    The digital advertising spend was estimated to be around Rs 7,300 crore at the end of 2016, growing at a rate of 40 per cent over 2015. The report - Digital Advertising in India - by Internet and Mobile Association of India (IAMAI) and IMRB Kantar said the digital advertising spend is about 14 per cent of the total advertising spend in the country.In terms of volume, e-commerce leads the digital advertising spends with around Rs 1,361 crore, followed by fast moving consumer goods, consumer durables and banking, financial services and insurance (BFSI), it said. “However, a comparison of these verticals in terms of share of spends on traditional versus digital show that BFSI organisations incurred the highest share on digital advertising spends. Around 40 per cent of their overall advertising spend was on digital followed by e-commerce,...
  • TCS iON, ICSI ink pact for digital learning TCS iON, ICSI ink pact for digital learning
    Updated: Aug, 21, 201711:23 PM

    TCS iON, a business unit of IT major Tata Consultancy Services (TCS), on Monday announced its partnership with the Institute of Company Secretaries of India (ICSI) to help foster digital learning...

  • Daunting task for Infosys Board to find new CEO: Jefferies Daunting task for Infosys Board to find new CEO: Jefferies
    Updated: Aug, 21, 201711:18 PM

    The embattled Board of software major Infosys faces a daunting task in finding a suitable CEO to succeed technocrat Vishal Sikka who resigned on August 18, US-based global investment bank Jefferies...

  • Semi-urban markets to drive scooterisation Semi-urban markets to drive scooterisation
    Updated: Aug, 21, 201711:11 PM

    Following launches in Rajasthan and Maharashtra, Honda Motorcycle & Scooter India (P) Ltd (HMSI) introduced its latest offering in two-wheelers, a 110-cc scooter called Cliq in Tamil Nadu.

  • HCL Info to distribute Apple products in India HCL Info to distribute Apple products in India
    Updated: Aug, 21, 201711:05 PM

    HCL Infosystems has signed a distributor agreement with Apple for iPhones and other products in India.

  • Rosneft seals first Asian refinery deal with Essar Oil purchase Rosneft seals first Asian refinery deal with Essar Oil purchase
    Updated: Aug, 21, 201709:15 PM

    Russian oil major Rosneft and partners closed their $12.9 billion purchase of Indian refiner Essar Oil on Monday, giving them a foothold in one of the world's fastest growing oil users.

  • McDonald's to shut 169 outlets in India's north and east McDonald's to shut 169 outlets in India's north and east
    Updated: Aug, 21, 201709:06 PM

    Fast food chain McDonald's said on Monday it planned to shut all 169 of its restaurants in India's northern and eastern regions, escalating a dispute with its local partner and potentially putting...

  • Tata Motors CEO says to invest $625 million to boost sales Tata Motors CEO says to invest $625 million to boost sales
    Updated: Aug, 21, 201708:53 PM

    Tata Motors will invest more than 40 billion rupees ($625 million) to boost sales of its passenger and commercial vehicles, its chief executive said on Monday, as the Indian automaker looks to return...

  • Nifty slips 83 points; banking, pharma stocks drag Nifty slips 83 points; banking, pharma stocks drag
    Updated: Aug, 21, 201707:08 PM

    Asian stocks witnessed a mixed trend amid geo-political concerns as US-South Korea military drills begin.

  • Infosys shares extend losses after CEO quits Infosys shares extend losses after CEO quits
    Updated: Aug, 21, 201701:55 PM

    The concerns about Infosys' future trumped the company's approval on Saturday of a 130 billion rupees (USD 2.03 billion) share buyback.