FM’s measures to boost economy will improve sentiment & business outlook: Industry leaders
While some industry heads said the announcements come at a right time, others say they will make a big difference to the advertising sector and start-up community

Corporate and industry bodies have been upbeat about Union Finance and Corporate Affairs Minister Nirmala Sitharaman’s announcement of measures to boost the Indian economy.
We spoke to industry leaders for their responses to the announcement. For most, the timing of the announcement is bound to make a big difference.
Elaborating on what works best for the economy, Vikas Khanchandani, CEO, Republic TV said: “The Finance Minister has addressed various critical concerns ailing the economy and the sentiments. The withdrawal of surcharge on FPI and domestic investors will have a positive impact on investments in the market, the extension of registration of BS IV vehicles and increased depreciation benefits should help with better uptick in automobile purchase. She has tried to address the issue of the flow of money into the business and to help improve purchasing capacity of consumers that was challenged.”
Khanchandani futher said: “She has also addressed the concerns raised by business houses on GST and tried to reduce any unwarranted challenges with Income Tax by creating a centralized digital platform. All these measures should help improve sentiment and business outlook. The advertising business is a direct reflection of business environment and opportunities that advertisers leverage with growing economies. There will be an uptick in investment by categories as the Finance Minister operationalises these measures and comes back with more.”
Alongside moves for specific sectors such as banks, housing, infrastructure and others, Sitharaman in her speech said the Ministry of Finance would continue to engage with stakeholders for timely and suitable interventions for different sectors.
“The recently announced stimulus by the finance minister is a very welcome step and we think it will help uplift sentiment, especially in the Auto and NBFC sectors. These are core sectors for the advertising industry - any positive move for them is welcome and will be good for the advertising industry in general,” said Rubeena Singh, CEO, iProspect India.
According to Pawan Jailkhani, Chief Revenue Officer, 9X Media, the announcement has come at a right time on account of the upcoming festive season. “Luckily, the Finance Minister has made the announcements at the right time because the festive season is upon us. The liquidity issue will be addressed, they will pump in more money into banks, and they are taking measures for the automobile sector. This will genuinely up the sentiments of a consumer. What is more important is that the measures announced will sentimentally boost us as an industry. When sentiments are good, people tend to spend more.”
Jitendra Chaturvedi, Director and Co-Founder, Batooni said the start-up community has welcomed the announcement to drop the angel tax and simplification of the tax filing process. “We welcome the Finance Minister’s announcement that angel tax will be dropped. This news has brought a huge relief among the start-up community. Also, measures such as a simpler tax-filing process, easier regulation on digital banking and digitization of transactions will boost growth of the Indian start-up ecosystem. Additionally, the government having begun simplifying the tax-filing process for start-ups along with the announcement of tax rebates for investors will encourage them to further invest in start-ups. All these initiatives will help in enhancing the start-up ecosystem in India and we hope the economy turns a corner very soon.”
Shashank Dixit, Founder & CEO at Deskera said, “With India having more than 50 million SMEs today, the announcement by the finance minister seems very promising in terms of further augmenting growth and development. The government's measure for GST refunds to be paid back to the industry within 60 days from the date of application will potentially change the SME game.”
Dixit further said, “Better credit flow to MSMEs and online tracking of loan applications will help them improve the turnaround time for customers. All these steps will further enable businesses to boost their overall productivity while providing them an opportunity to innovate and grow. I believe that to achieve India's target of becoming a USD 5 trillion economy by 2025, we have to strengthen our SME segment. Along with the government, we too have been at the forefront of helping SMEs become digitally advanced. The initiatives announced by the finance minister today will give a strong boost to the Indian economy."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur
The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more
With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.
The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Swapan Seth's new book 'COOL' is out
The book is a reflection of the author's 'eclectic taste across categories'
Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."
The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."
COOL has been published by Simon & Schuster India and is available on Amazon.
Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.
He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Disney Star signs 9 sponsors for Asia Cup PAK
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board
e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.
According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.
As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.
A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.
Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
Sorted 360 wins creative & social media mandate of Reliance Mall
The agency will manage offline and online campaigns for Reliance Mall
Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.
“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.
“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.
"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."
"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
test
test
test
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp
KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
KlugKlug has appointed Hemang Mehta as its Country Manager for India.
Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy
Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.
Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."
Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."
Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)
For more updates, be socially connected with us onInstagram, LinkedIn, Twitter, Facebook Youtube & Whatsapp