Patrick Chatain

Indian Olympians are now the toast of brands after making waves during the just-concluded Paris Games, Himanshi Lohchab reports for The Economic Times. In fact, athletes like shooter Manu Bhaker, wrestler Vinesh Phogat, and men’s hockey team captain Harmanpreet Singh and goalkeeper PR Sreejesh have seen their following on social media platforms skyrocket in the last few weeks, and that has made brands take notice. Sujatha V Kumar, Head of Marketing at Visa India and South Asia, says that the social media presence of athletes is an essential avenue to boost traditional marketing efforts. Puma, Adidas, Reliance Foundation, and Samsung, among other companies, have signed up Olympians, the report says. Social media is necessary to create engaging content to break the clutter and drive involvement amid shortening attention spans, says Shreya Sachdev, Associate Director and Head of Marketing at Puma India. Viewership also surged, with the javelin throw final, where Neeraj Chopra won silver, attracting 5.6 crore viewers on official streaming platform JioCinema — a figure comparable to the ICC Men’s T20 World Cup final. Chandramouli Nilakantan, CEO of communications firm TRA Research, says that brands can save costs as the Olympics feature individual athletes and they associate with stories that resonate with people from India’s hinterland. However, managers of India’s medal winners at Paris have challenged brands for unauthorised use of their athlete’s names and images for commercial purposes, Javed Farooqui and Maulik Vyas report for The Economic Times. Baseline Ventures and IOS Sports have issued legal notices to companies on behalf of Bhaker and Sreejesh, respectively. While it is often perceived that congratulatory messages are harmless, it is incorrect as the coverage benefits the brand without duly compensating the athlete, says Rahul Chaudhry of law firm Rahul Chaudhry & Partners. Trademark registration and tighter monitoring can help prevent such instances, he adds. The sports endorsement market grew to ₹927 crore last year, with non-cricket athletes accounting for 13% of it, according to data from GroupM ESP. Source: The Economic Times - https://lnkd.in/gM94Bah6, https://lnkd.in/gUwUNDM2 ✍: Abhiraj Ganguli 📷: Getty Images #Olympics #Paris2024 #Brands #Marketing #SportsMarketing #Advertising

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Several flights operated by domestic airlines in India have been cancelled in the last couple of months, primarily due to crew-related issues. From Tuesday night, around 100 domestic and international flights by Tata-owned Air India Express have been cancelled, The Economic Times reports. Several crew members called in sick to express their discontent over disparities in staff treatment and concerns regarding the ongoing merger with AIX Connect (formerly AirAsia India), the report says. Shortage of staff has severely disrupted flight schedules, resulting in cancellations that have affected approximately 15,000 passengers nation-wide. The affected flights, primarily bound for Gulf countries, originated from key airports like Chennai, Kochi, Calicut, Delhi, Jaipur, and Bengaluru, the report says further. Meanwhile, Aloke Singh, CEO of Air India Express, issued a statement saying that fewer flights will be operated till May 13, according to another report by Times Now. Following the disruption of flights, Air India Express laid off 25 cabin crew members. But reinstated them late on Thursday after they agreed to discontinue their strike, a report by The Indian Express adds. On April 2, Tata Group and Singapore Airlines-owned Vistara Airlines had cancelled at least 50 flights after a majority of pilots took mass sick leave, The Economic Times reports. Flight cancellations by the Tata-owned airlines will affect travellers this summer, as flight strength is already diminished, says a report by The Times of India. Over 75 IndiGo planes are grounded due to faulty engines, GoAir shut down last year, SpiceJet is operating fewer flights, and deliveries from Airbus and Boeing are slower than expected, adds the report. Source: https://lnkd.in/gsgHzcGb https://lnkd.in/gTabN4aN https://lnkd.in/gSRCcV-E ✍: Novinston Lobo 📷: Getty Images #CancelledFlights #AirIndia

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The rapidly rising geo-political uncertainty across the world could be an opportunity for India. Speaking at the ASSOCHAM Bharat@100 Summit in New Delhi, Chief Economic Adviser V Anantha Nageswaran said that as “periods of relative peace” become scarcer globally, India needs to pull all domestic levers achieve growth. He cited the fall of the Michel Barnier-led government in France, the new Trump administration set to assume power in six weeks and other continuing conflicts across the world, saying India has to live with uncertainty. #Businessnews #indianeconomy #economicgrowth #governmentfinances Watch: https://lnkd.in/gdJr9kwR

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bigbasket.com Reports FY24 Revenue Over ₹10,000 Crore and Reduces Losses by Over 20% In a strategic move to capitalize on the burgeoning quick commerce market in India, Tata Digital-owned BigBasket has announced its intention to focus exclusively on this segment. The company has set an ambitious target of achieving $1.5 billion (Rs 12,400 crore) in total sales for the current fiscal year (FY25). Despite the uncertainty surrounding the impact of this pivot, BigBasket's recent financial performance provides a promising outlook. The company successfully crossed the Rs 10,000 crore revenue mark in FY24, demonstrating its strong market position. Furthermore, BigBasket managed to narrow down its losses by over 20%, indicating improved operational efficiency and cost management. The strategic shift towards quick commerce aligns with the increasing consumer preference for rapid delivery of groceries and essentials in India. By focusing on this segment, BigBasket aims to leverage its existing infrastructure and expertise to meet the growing demand for convenience and speed. While the full impact of this strategic decision will become evident in the coming months, BigBasket's commitment to quick commerce positions the company as a frontrunner in a rapidly evolving market. With its strong financial performance and strategic focus, BigBasket is well-positioned to achieve its ambitious revenue target and solidify its leadership in the Indian online grocery space. #startup #startupnews #bigbasket #quick #commerce #company #tata #market #financial #report #revenue #reduce #strategy #india #online #grocery #store #post

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The Central Bureau of Investigation (CBI) has apprehended four individuals implicated in the trafficking of Indian nationals, who were coerced into fighting in the Russian army amid the Russia-Ukraine conflict, disclosed agency officials on Wednesday. Two recruiters, Arun and Yesudas Junior (known as Priyan), were nabbed in Trivandrum, Kerala, on Tuesday. Anthony Michael Elangovan and Nijli Jobi Bensam were arrested on April 24 from Mumbai and Tamil Nadu, respectively. Elangovan allegedly aided a co-conspirator, Faisal Baba in Dubai, UAE, and others in Russia to process visas in Chennai and book air tickets for the victims. Bensam, who worked in Russia as a translator, was a key member of the network recruiting Indian nationals into the Russian army. The arrests come after a surge in reports of Indians being coerced into joining the Russian army under false pretenses. The CBI initiated a nationwide search, leading to the dismantling of a significant trafficking network. Over 35 cases were uncovered, and several individuals were detained. Additionally, incriminating evidence and over Rs. 50 lakh were seized. The traffickers operated through social media and local agents, promising high-paying jobs in Russia. Victims were trained for combat roles and deployed in the war zone against their will, endangering their lives. Following the viral video of a man from Kalimpong sharing his ordeal of being trafficked into the Russian army, the Central Government intervened, prompting the CBI inquiry and subsequent arrests. Indian authorities have taken swift action to address the trafficking of Indian nationals for combat roles in the Russian Army, apprehending four individuals in connection with the scheme. #russianarmy #indian #centralgovernment #cbi #dubai #chennai #army #inquiry #trafficking #war #kalimpong #inquiry #tamilnadu #mumbai #thecordbharat

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Tube Investments of India (TII) reports a strong revenue of ₹4924.6 Cr in the second quarter of fiscal year 2024-25, reflecting 14.4% growth quarter-on-quarter. While profitability faced a decline, we remain committed to strengthening our performance through focused cost reduction initiatives and operational efficiency. TII continues to drive sustainable growth and value for stakeholders. #TII #Murugappa #Q2FY25 #Q1Results #FinancialResults #Growth #Efficiency #Resilience #CostReduction

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🚨 Economic Recession Shakes Up IIT Grads: Salaries drop and placements decline🚨 𝟖,𝟎𝟎𝟎+ 𝐈𝐈𝐓ians couldn’t get jobs in 2024 campus placement –says INDIA TODAY. Over 30% of IIT Bombay grads unplaced– reports Hindustan Times. Affecting even the top 1% of Indian engg & MBA grads. 🤯 𝗪𝗵𝗮𝘁'𝘀 𝗮 𝗗𝗲𝗴𝗿𝗲𝗲 𝗪𝗼𝗿𝘁𝗵 𝗡𝗼𝘄? Aiming high is tough, but rewarding. Choose your 𝗛𝗔𝗥𝗗 for the right reward! 2024 Placements have dipped 20-30% due to the global economic slowdown.📉 ❌ IIMs IITs Missing from Top 500 Global Rankings? The economic recession has made it hard for companies to visit campuses. Even those who did struggled with pre-decided salary packages. 𝗢𝗹𝗱𝗲𝗿 𝗜𝗜𝗧𝘀: 37% of 16k are unplaced. 𝗡𝗲𝘄𝗲𝗿 𝗜𝗜𝗧𝘀: 40% of 5k students unplaced. Registrations up by 1.3x, but unplaced surged by 3.8x. 📊Mass Layoffs by Tech Giants 📊 Google: 1,000+ tech jobs cut. | Twitch: 35% layoffs. | Meta: 60 Insta tech program managers laid off. Apple: Approx.700- laid off. | Amazon: 27,000+ jobs cut. | Microsoft: 1,500 layoffs. 🛡️Build a ‘BULLET-PROOF’ Career!🛡️ Stop following the crowd. Global education is your 🔑 to becoming a Fortune 500 CEO. Take Charge! 2025 Intake 𝗥𝗼𝘂𝗻𝗱 𝟭 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀! 🔻 (slide to the end)           🎯 Register Now: https://shorturl.at/lLhXJ Connect with Ranjika Mitra (she/her) & our team! ***** ❯ ꜰᴏʟʟᴏᴡ ᴜꜱ for more… #thecampusclub #management #SocialNetworking #mba #gmatgre #recessionproofcareer

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📢 Big News from Flipkart! 📢 Flipkart has announced plans for a $700 million Employee Stock Ownership Plan (ESOP) buyback in conjunction with PhonePe's new financing round. According to Economic Times, this strategic move is set to be a part of PhonePe's latest $1.5-2 billion funding round, which is being led by Walmart. 🔍 Key Highlights:🔍 - $700 Million ESOP Buyback: Flipkart is set to facilitate a significant $700 million buyback of employee stocks, reinforcing its commitment to rewarding its workforce. - PhonePe's Funding Round: This buyback is aligned with PhonePe's latest financing round, aimed to raise $1.5-2 billion, primarily led by Walmart. - Capital Investment: Walmart will inject roughly $1 billion as primary capital into PhonePe. - Valuation Adjustment: Following this transaction, Flipkart's valuation will be adjusted from $37.6 billion to $33 billion, reflecting the strategic restructuring. This move underscores Flipkart's dedication to its employees and strategic growth, while also positioning PhonePe for further expansion and innovation in the digital payments sector. #Flipkart #PhonePe #Walmart #Funding #ESOP #StockBuyback #TechNews #BusinessStrategy #EmployeeRewards

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Creators are now building media empires. The next step? Flipping the script and launching venture capital (VC) firms themselves. “Creators have an edge over typical VCs as they know how to make money through content,” says Divyanshu A.., founder of Somaya Enterprises. Tune is as Divyanshu and Ramya Ramachandran, founder and CEO at Whoppl., share more on why creator-led VCs could be a trend that picks up next year. Comment your take: How will creator-led VC firms impact the investing ecosystem? Check out the 15 Big Ideas that will shape India in 2025: https://lnkd.in/BI25india #LinkedInVideo #BigIdeas2025

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Why I Chose a Startup Over MAANG: Abhinay Reddy’s Journey to a 15 LPA+ Job 🚀 In the latest Alumni Pod, we’re joined by Abhinay Reddy, Software Engineer at Valuefy, who shares how he landed a 15 LPA+ salary job at a startup in India and why he chose the unique opportunities at startups over the stability of MAANG companies. Abhinay’s story is a masterclass in strategic preparation: ✨ Tailoring Resumes to stand out and land interview calls ✨ Mastering DSA, Development, and System Design ✨ Leveraging 1:1 mentorship sessions to accelerate success Fun fact: Abhinay got 9 out of 10 interview calls within just 10 days of completing InterviewCall’s program! 📈 Today, Abhinay is giving back as a mentor in our Full Stack Web Development Program, helping others secure top startup jobs and interview opportunities. 🎥 Catch the full podcast episode on YouTube to learn how Abhinay achieved his career goals and how you can do the same! Let us know in the comments: Are you team Startup or team MAANG? 👇 #InterviewCall #TechCareers #MAANGvsStartups #CareerGrowth #WorkLifeBalance

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Companies across India Inc have launched several measures to become greener, Sharmila Bhadoria reports for Livemint. McDonald’s India- North and East has cut back on greenhouse gas emissions by moving to solar energy in 24% of its restaurants in Delhi-NCR. On the other hand, ITC Hotels is converting most of its properties into green buildings, the report says. Firms in the logistics sector are also using more electric vehicles (EVs). CJ Darcl Logistics is in fact running a pilot project to understand how an EV cargo operation would work, the report adds. Hyundai Motor India’s Chennai plant is the greenest automobile factory in India, Urvashi Mishra writes in a Fortune India article. The use of renewable energy is close to 64% and the plant is 80% water neutral. In the FMCG sector, Marico Limited’s facilities in Maharashtra’s Jalgaon and Perundurai in Tamil Nadu have been certified to be water neutral and carbon neutral, respectively, the article says. HC Vinayaka, VP - Sustainability, Technical & EHS at ITC Hotels, says that although green initiatives cost money, the return on investment will be sizeable in future. Investing in sustainable measures goes a long way towards ensuring the longevity of businesses, says Puneet Anand, Associate Vice President, and Vertical Head - Corporate Affairs and Corporate Communications at Hyundai Motor India. More than four in five business leaders agree that global economic goals can be reached while meeting climate change targets, according to an earlier report by Deloitte. Source: LiveMint - https://lnkd.in/gtjmMPg8 Fortune India - https://lnkd.in/g59QKcWz ✍: Abhiraj Ganguli 📷: Getty Images #GreenBusinesses #IndiaInc #WorldEnvironmentDay

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Razorpay Reports Strong Financial Growth for FY24: Revenue Surges 9% to INR 2,501 Cr Bengaluru-based fintech unicorn Razorpay has unveiled impressive financial results for the fiscal year ending March 2024 (FY24), reporting an operating revenue of INR 2,501 crore. This figure represents a robust 9% year-on-year growth from INR 2,293 crore recorded in the previous fiscal year. The surge in revenue is indicative of the growing demand for digital payment solutions in India, where fintech innovation continues to reshape the financial landscape. Read More :- https://lnkd.in/gHPYv93Q #Razorpay #Fintech #DigitalPayments #FinancialGrowth #Innovation #Ecommerce #PaymentSolutions #StartupSuccess #Bengaluru #FintechUnicorn #Investment #TechTrends #BusinessGrowth #ContactlessPayments #UPI #DigitalIndia #FintechNews #RevenueGrowth #Profitability #FutureOfFinance

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