0

Tata Group market cap dips by Rs 50450 crore due to market

first_imgThe Tata Group has suffered an erosion of Rs 50,450 crore in the market capitalisation of its listed entities in just over a month, reflecting the sharp fall in stock markets in India and across the globe.Seventeen listed companies of the Group had a combined market capitalisation of Rs 7,00,912 crore, based on the closing prices as on 22 January, 2016, down 6.71% from Rs 7,51,362 crore as on 17 December, 2015.During the same period, the Sensex has plunged by 5.30%, from 25,803 on 17 December, 2015, to 24,435 as on 22 January, 2016. The Sensex and Nifty witnessed a sharp correction in the past few days on account of a slowdown in China’s economy, the depreciation of the Chinese yuan and a fall in crude oil prices, triggering a wave of global sell-off in stock markets.The Group has 24 listed companies but the figures of some of the companies were not available for comparison, especially those like Mount Everest Mineral Water, the shares of which were not traded in the last 30 days on the BSE.The diversified Group’s listed companies include TCS, Tata Motors, Tata Steel, Tata Power, Tata Communications, Voltas, Tata Global Beverages, Indian Hotels and Tata Coffee. The Group in all has over 100 companies that operate in over 100 countries, according to its website. In 2014-15, the Group’s combined revenues stood at $108.78 billion.In December last year, Mukund Rajan, member of the conglomerate’s group executive council and brand custodian at Tata Sons, had said that the Group plans to increase its market cap to $350 billion by 2025.”By 2025, if we want to be amongst the 25 most valuable companies in the world, the number we would need to hit would be around $350 billion,” Rajan had said. Overall, these companies employ over 600,000 people.last_img read more

0

Are Rashmika Mandanna and Trisha playing female leads in Vijays next film

first_imgRashmika Mandanna and Trisha.PR HandoutIn the last one month, there have been a lot of rumours about Rashmika Mandanna playing the female lead in Vijay’s 64 movie. Her interaction with her fans on social media sites have been giving a strong indication of the actress having talks with the makers for the project.Recently, it was stated that along with Rashmika, Trisha Krishnan too was approached to play the female lead in the film, presently referred to as Thalapathy 64. Grapevine had it that the actress, after a gap of 11 years, was going to pair up with the actor again.It was said that she was offered an important role in Thalapathy 64, leaving her fans excited about the development. Trisha had earlier worked with him in four films like Ghilli, Kuruvi, Aadhi and Thirupaachi. Amid these speculations, the names of Keerthy Suresh and Samantha were also doing rounds.The latest update about the movie is that nothing has been finalised yet and the actresses have not been offered the film yet. However, our sources say that the heroines of Thalapathy 64 will be finalised by the end of this month.Thalapathy 64 Cast and Crew: Anirudh Ravichander, who had churned out peppy numbers in Kaththi, is reuniting with Vijay again as the music director. Lokesh Kanagaraj-directorial has Sathyan Sooryan’s cinematography and Philomin Raj’s editing. Xavier Britto is funding the project, which will take off in September 2019.last_img read more

0

NewFronts West Showcases Podcasts Influencer Marketing in Inaugural LA Event

first_imgThe kick-off day of the first-ever Digital Content NewFronts West conference in Hollywood highlighted two trends: the expansion of digital media forms like podcasting, as well as creative approaches to advertising, especially influencer marketing.Anna Bager, the executive VP of industry initiative at IAB, which manages the event, said the L.A. iteration was designed to be different from its New York counterpart in focusing on branded and sponsored content, as well as content creators. NewFronts West runs Oct. 9-10.The Los Angeles Times on Tuesday announced that following the success of its narrative podcast “Dirty John,” the company will roll out similar formats through 2019 with additional podcasts. They include “Big Willie,” about drag racer and local legend Big Willie Robinson, and “Room 20,” which follows an investigative reporter’s search to uncover a hospital patient’s identity. ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 Gallery Media Group, the company behind PureWow and ONE37pm, announced three upcoming podcasts: “Long Story Short,” which will have makeup industry veteran and entrepreneur Bobbi Brown interviewing guests like Connie Britton and Cindy Crawford about their journey to success; “Mom Brain,” hosted by Daphne Oz and Hilaria Baldwin, the wife of Alec Baldwin, will discuss aspects of motherhood with guests like Alyssa Milano and Sheryl Crow; and “Respect Replay,” a joint collaboration between ONE37pm and Fanatics that will bring together athletes from different eras or leagues.Mary Kate McGrath, Gallery’s chief content officer and the editor in chief of PureWow, said podcasts’ popularity have skyrocketed recently, thanks to Apple’s bevy of selections and the acclaimed podcast “Serial.” Now, one in four Americans listens to podcasts, and almost half of those people listen to up to 10 hours a week, McGrath said, which presents new opportunities for brands to acquire users and embed ads within episodes.“Thanks to the mobility of the medium, and the amazing stories across categories, people are listening more than ever,” McGrath said. “We launched Gallery Podcast Co. because we saw attention shifting dramatically to the audio space and we saw an opportunity to connect our clients to an intimate way to connect to consumers.”Gallery also touched on its new hero video platform, which bypasses traditional ads by creating content around advertising, rather than the opposite. The company has had success with longer videos from PureWow or ONE37pm’s handle that craft a plot around a brand, such as its recent musical short that promoted Olay, called “I Can’t Wait to Wash My Face.”Both Gallery and FameBit by YouTube focused on new strategies in influencer marketing. Beau Avril, the global head of business operations at FameBit, said the company has developed tools like a measurement to track brand interest lift and find if searches for a brand term increases after influencers mention it in a video.Avril said audiences are more skeptical than ever about traditional advertising and 92 percent of consumers trust product recommendations more when coming from their peers on social media, like social influencers. He says FameBit has been working with influencers to naturally implement a brand’s products in their videos, whether through the “get ready with me” format or cooking segments. YouTuber Freddie Wong, who has worked with brands through FameBit, said brands must offer something that complements and elevates his storytelling, as a straightford promotional video would result in viewers labelling him a “sell-out.” Wong cited successful collaborations with the likes of Dodge Dart for a video about racing and the thriller film “Mile 22” for an action short about his quest to get tickets to the film’s premiere.“In a world where we’re lacking that authenticity but also that relevance and that relatability, the epicenter of that happens on these channels, in that content,” Avril said. “Because these moments are so special and they’re so pointed, as a brand being in those conversations really gives you a chance to shape opinions and even drive decisions.”Some 20 companies are presenting at the IAB’s NewFronts West conference at NeueHouse in Hollywood. Popular on Variety last_img read more

0

Bengals business chambers laud state Budget 201920

first_imgKolkata: Various business chambers in Bengal lauded the state government’s Budget presented by Finance minister Amit Mitra on Monday.President, MCCI, Vishal Jhajharia said that full exemption of Education Cess and Rural Employment Cess for Tea gardens has been extended for two more years, which would help the tea industry grow. The government has given more emphasis to develop the MSME sector and credit flow to Rs 20,287 crore during April to September 2018, which is noteworthy. Around 95 new SSI clusters have been taken up, taking the total number to 520 from 425. Also Read – Bose & Gandhi: More similar than apart, says Sugata BoseHe appreciated the prudent fiscal management of the state, by which revenue deficit has come down to 0.96 percent. Fiscal deficit as a percentage of GSDP has also gone down to 2.83 percent. Industrial growth in the state has been as high as 16.29 percent in 2017-18, compared to 5.54 percent at the national level, which is excellent. He also mentioned that Flipkart is going to develop a Flipkart Hub in Haringhata at a cost of Rs 1,000 crore. Meanwhile, the Bengal Chamber thinks that the Budget has brought in good news for revenue deficit of the state, which has been reduced to zero for 2019-20. The Budget has announced additional income for poorer sections of the society, namely contractual group C and D workers, as well as self-employed persons. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataThe Chamber welcomed the fact that Asha and Anganwadi workers, the backbone of rural society, have seen a rise in monthly salary by Rs 500. The farmers having below 1 acre of land (marginal peasants) will have an annual additional income of Rs 5,000. The fast growth of the industrial sector and GSDP will generate additional revenue to the state, so that on debt head, Bengal needs only a 10 percent rise in this Budget, compared to an increase of almost 55 percent during the last Budget. The Chamber also feels that the Budget has given stress on demands of farmers, social sector and poorer sections of the society, as well as MSMEs. Sitaram Sharma, president, Bharat Chamber of Commerce, said: “From the industry perspective, the full exemption given to tea gardens from the payment of Educational and Rural Employment Cess for the next two financial years is indeed laudable.” “The state’s achievement of a GSDP growth of nearly 12 percent in the last fiscal clearly states that the government has been able to drive aggregate demand and create more and better employment for the youth,” he added.last_img read more