January 2023

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THE WORLD OF MARKETING

Back to Business!


Well, what a year 2022 was. The Indian consumer finally celebrated New Year’s 2023 with much enthusiasm. Hotels and restaurants were packed this festive season. Travel continues to be a priority for many Indians, with long airport queues observed across India. In fact, the monthly domestic air passenger traffic touched 1.29 crores in December, to surpass pre-Covid levels. This augurs well for the Indian economy generally, as well as the aviation and hospitality sectors.


The year ended with the football World Cup finally reaching its much awaited climax. Argentina and Messi won the coveted prize, finally! The final will go down in the history books as one of the greatest ever; France and Mbappe certainly played their parts as well.


Here’s wishing you a successful and safe 2023!



Best wishes,


Laqshya Media Group

CLICKTHRU

FOR STIMULATING STORIES FROM
THE WORLD OF MARKETING

Back to Business!


Well, what a year 2022 was. The Indian consumer finally celebrated New Year’s 2023 with much enthusiasm. Hotels and restaurants were packed this festive season. Travel continues to be a priority for many Indians, with long airport queues observed across India. In fact, the monthly domestic air passenger traffic touched 1.29 crores in December, to surpass pre-Covid levels. This augurs well for the Indian economy generally, as well as the aviation and hospitality sectors.


The year ended with the football World Cup finally reaching its much awaited climax. Argentina and Messi won the coveted prize, finally! The final will go down in the history books as one of the greatest ever; France and Mbappe certainly played their parts as well.


Here’s wishing you a successful and safe 2023!



Best wishes,


Laqshya Media Group

Cover Story

'Industry growth key to talent acquisition, retention'

In your career journey, you have worked with media organisations in the print, digital and TV domains. How has that experience helped you as you took up a leadership position at Laqshya Media Group?

What enticed me to the OOH world was its desire to modernise. Mr Alok Jalan asked me to come and reshape the rudimentary OOH audience metrics system that had been designed by engineers, and I found that exciting. As an enthusiastic brand manager, I found OOH very impactful for my (TV) brand. Yet, when asked by the CFO to share any statistics about the medium, I could not offer him much apart from brand lift studies - which (as per CFOs) could have been the result of a plethora of factors.

In contrast, all proposals from the TV industry would go with reams of research and numbers. Similarly, digital proposals would fundamentally be excel sheets. OOH gave a list of sites!

This had to be corrected.

Are young people joining the Indian OOH industry seeing a great career ahead of them?

There is a very interesting and comprehensive study by Zenith that OOH will generate more new business than TV, Print, or Radio (only second to Digital) in the coming years. The larger the growth of the business, the steeper the growth for people. The current industry must capitalize on such trends and attract increasingly better talent. And we are doing so!

Indian Marketing News

How the creator economy is evolving to meet the needs of marketers

The ‘Creator Economy’ was born as Influencers soon emerged as creators of custom content for brands that met their marketing. Read More

How the creator economy is evolving to meet the needs of marketers

The ‘Creator Economy’ was born as Influencers soon emerged as creators of custom content for brands that met their marketing. Read More

Ad spend at Rs 390 cr, profit at Rs 14 cr: What bodes for Mamaearth’s IPO plans?

Mamaearth’s parent company, which seeks to raise funds through IPO, faces public scrutiny as its marketing splurge came to fore Read More

Ad spend at Rs 390 cr, profit at Rs 14 cr: What bodes for Mamaearth’s IPO plans?

Mamaearth’s parent company, which seeks to raise funds through IPO, faces public scrutiny as its marketing splurge came to fore Read More

Trendspotting. 2022: A reset year with a mix of new and old behaviours

Five patterns that will have a lasting impact on the future of the agency business and the marketing world Read More

Trendspotting. 2022: A reset year with a mix of new and old behaviours

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After a stellar 2022, Volkswagen India is aiming for a big turnaround in 2023; here's howr

The company's pivot to Made-in-India, models built on the VW Group’s MQB-A0-IN, platform played a crucial role in delivering significant volumes last year Read More

After a stellar 2022, Volkswagen India is aiming for a big turnaround in 2023; here's howr

The company's pivot to Made-in-India, models built on the VW Group’s MQB-A0-IN, platform played a crucial role in delivering significant volumes last year Read More

Advertising: Meme Marketing Gets Eyeballs

New-age brands are increasingly depending on memes to reach out to Gen Z and millennials at a lower cost. Read More

Advertising: Meme Marketing Gets Eyeballs

New-age brands are increasingly depending on memes to reach out to Gen Z and millennials at a lower cost. Read More

2023: A peek into India’s evolving e-commerce market

2022 saw some significant changes in the e-commerce ecosystem in India. The industry primarily dominated by the two big wigs of e-commerce - Amazon and Flipkart, saw growing competition from giant conglomerates such as JioMart Read More

2023: A peek into India’s evolving e-commerce market

2022 saw some significant changes in the e-commerce ecosystem in India. The industry primarily dominated by the two big wigs of e-commerce - Amazon and Flipkart, saw growing competition from giant conglomerates such as JioMart Read More

How Indian alcohol brands are raising the bar

Over the past few years, homegrown alcohol brands — be it gin, beer, wine or a single malt – have gained popularity, especially among Indian consumers who learnt how to enjoy a drink at home. But the popularity isn’t just local. Read More

How Indian alcohol brands are raising the bar

Over the past few years, homegrown alcohol brands — be it gin, beer, wine or a single malt – have gained popularity, especially among Indian consumers who learnt how to enjoy a drink at home. But the popularity isn’t just local. Read More

Global Marketing News

Tokyo Gas Nears $4.6 Billion Deal to Buy US Shale Drille

A Tokyo Gas Co. unit is in advanced talks to buy US natural gas producer Rockcliff Energy in a deal worth about $4.6 billion, including debt, a person with knowledge of the matter said. Read More

Tokyo Gas Nears $4.6 Billion Deal to Buy US Shale Drille

A Tokyo Gas Co. unit is in advanced talks to buy US natural gas producer Rockcliff Energy in a deal worth about $4.6 billion, including debt, a person with knowledge of the matter said. Read More

ET MSME Talks: How can MSMEs build their global competitiveness to succeed in international markets?

MSMEs are the growth engine of the Indian economy and one of the major contributors to the Indian exports sector. In this latest session of the ET MSME Talks, Read More

ET MSME Talks: How can MSMEs build their global competitiveness to succeed in international markets?

MSMEs are the growth engine of the Indian economy and one of the major contributors to the Indian exports sector. In this latest session of the ET MSME Talks, Read More

UPI grows in strength, touches Rs 12.82 lakh cr in Dec 2022; here's how much it will grow in 2023

The volume of transactions in December increased by 7.12 per cent when compared to November, while the value of transactions increased by 7.73 per cent during the same period.. Read More

UPI grows in strength, touches Rs 12.82 lakh cr in Dec 2022; here's how much it will grow in 2023

The volume of transactions in December increased by 7.12 per cent when compared to November, while the value of transactions increased by 7.73 per cent during the same period.. Read More

Chipotle targets Gen Z with wellness Snapchat Lens, menu items

Chipotle is targeting Gen Z and millennial consumers this month with a new Snapchat Lens and lineup of Lifestyle Bowls, which are available through its digital menu and are designed to promote wellness, according to details shared with Marketing Dive. Read More

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Chipotle is targeting Gen Z and millennial consumers this month with a new Snapchat Lens and lineup of Lifestyle Bowls, which are available through its digital menu and are designed to promote wellness, according to details shared with Marketing Dive. Read More

Google and Meta’s advertising dominance fades as TikTok, Netflix emerge

Amazon further solidified its spot as third-largest digital-ad platform in the US last year Read More

Google and Meta’s advertising dominance fades as TikTok, Netflix emerge

Amazon further solidified its spot as third-largest digital-ad platform in the US last year Read More

Trivia

  1. Sheela Foam, the makers of Sleepwell has acquired the mattress maker Kurlon for around Rs 2,000 crore..
  2. Swiggy has launched a pilot for a premium grocery delivery service by select invitation only customers in Bengaluru. It is called Handpicked.
  3. Shilpa Shetty has a small stake in the skin and beauty care brand Mamaearth.
  4. In the early 1900s, when India was not a tea drinking country, companies like Lipton worked with Tea Cess Committee to promote tea drinking among Indians. Today Tea Cess Committee is known as Tea Board.
  5. In the states of California and Texas, Amazon has started delivery by their drone service Amazon Prime Air.
  6. Ministry of Rural Development launched the ‘Prajjwala Challenge’. The mission of the challenge is to bring “Transformation of the Indian Rural Economy” with special focus on rural women belonging to the marginalised rural communities in India.

Laqshya Media Group Campaigns

During the month of December 2022, Laqshya Media Group executed various prominent campaigns for boAt, Tanishq, Finolex Pipes, MTR, Santoor, Sundaram Mutual Fund, OLA, Fastrack, Jockey, Taneira, Maruti Suzuki (True Value), Nissan Magnite, MP Tourism, Diageo, Hyundai (Kona), Hyundai (IONIQ5), and Sonata

“It is not in the stars to hold our destiny but in ourselves”

— William Shakespeare

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Editorial team: Harshaal Deoruckhkar and Aachal Shah