Latest news with #Gangwal
Mint
18-06-2025
- Entertainment
- Mint
Tuning out: RJs abandon radio to become influencers as their social media popularity soars
Radio jockeys were the original influencers in the time before social media. So, it's no surprise that RJs are now making the most of their soaring popularity on social media to become content creators and regain their status as influencers. After all, content creators and influencers have lucrative careers that can bring them brand deals and entertainment opportunities. It can be so enticing that some RJs are even ditching radio, exacerbating the struggles of the audio broadcasting sector. Karishma Gangwal quit her job as an RJ at Red FM in 2023 to pursue content creation full time, making videos. She has close to 7 million people following her Instagram handle @rjkarishma and currently hosts a spot-the-imposter format game show called 'Find the Farzi' on JioHotstar. "As RJs, we do have an advantage. We're used to being creative, spontaneous and adding our own flavour to everything we do. These skills naturally help us in content creation too," Gangwal said. Also Read | India's influencers confront a harsh reality: more views don't mean more subscribers Content creation also becomes more lucrative for RJs due to its higher earning potential than their radio jobs. "It really depends on the size of your following. But generally, as a content creator with a strong audience, you can easily earn two to three times more than a radio jockey," said Princy Parikh, a RJ turned creator who quit her job at Radio Mirchi in 2023. She now has her own YouTube channel with 3.4 million followers. Her Instagram handle @princymirchilove has over 1.6 million followers. Analysts said the transition of radio content to social media to catch up with the changing preferences of consumers has fuelled the online popularity of RJs. 'Radio jockeys were the original macro influencers, long before social media. They commanded regional fame through FM radio, building deep audience engagement," said Amiya Swarup, partner, marketing advisory, at consulting firm EY. Over time, radio companies have started tapping the rising influencer status of their RJs. Today, brands benefit not just from on-air credibility, but also from the powerful social media reach of RJs, Swarup said. However, as radio stations build income from advertisements on social media, RJs, who are also promoting their personal brands on social media, are sometimes put in a spot when they have to work with brands they don't associate with. Freedom, flexibility "You have the option to say no to brands and campaigns you may not relate to," said Supriya Kapoor, a former RJ with Fever FM with over 50,000 followers on Instagram, who now calls herself a creator, voiceover artist and podcast host. "Becoming influencers gives you complete freedom with the kind of content you create as you aren't bound by a brand's presence. It also gives the flexibility to collaborate with brands you identify with, having complete ownership and say on the commercials." Experts said they have observed a growth in RJs taking over social media, gaining traction on the back of creativity and their masterful storytelling skills that give them an edge over other creators. Also Read | Fake followers and murky return on investment push brands to rejig influencer strategy "While there's no official data tracking this group specifically, from what we've seen in the ecosystem, ex- or current RJs likely make up around 2-4% of India's digital creator base. It's still a niche, but definitely a growing one, especially with the rise of podcasting and audio-first formats that play to their strengths," said Shravika Behl, head of growth at influencer marketing agency Pocket Aces. As per a Boston Consulting Group report in May, there are currently 2-2.5 million creators in India influencing over 30% of consumers and $350-400 billion in consumer spending. In their radio roles, RJs are heard only locally. Seeking national recognition becomes another reason for them to push for social media growth. Wider reach "I always aspired to be known. Earlier, people recognised me as a Red FM RJ—but only within Siliguri, which is a relatively small town. Social media changed that. It gave me a platform to build a name and gain recognition far beyond my city. It's not just local fame anymore, it is reach and impact on a much larger scale," said Priyanka Sarkar, who quit her job after a decade-long stint in May to pursue fulltime content creation. Her Instagram handle @rjpriyanka has over 1.3 million followers. Also Read | Influencers and brands turn to social media to raise cyber awareness Disclaimer: Fever FM is operated by HT Media Ltd, the publisher of Mint.
Economic Times
13-06-2025
- Business
- Economic Times
IndiGo shares plunge 6% as promoter plans $1 billion stake sale
Shares of InterGlobe Aviation, which operates IndiGo, dropped nearly 6% to Rs 5,175 on Friday after reports suggested promoter InterGlobe Enterprises may sell around 4% stake via block deals. ADVERTISEMENT Sources told CNBC-TV18 that the promoter group is looking to raise about $1 billion through the sale. InterGlobe Enterprises currently holds a 35.70% stake in the company. The move follows ongoing stake reductions by co-promoter Rakesh Gangwal, who has sold shares worth Rs 40,000 crore since 2022. Gangwal now holds just 7.8% in the airline. IndiGo declined to comment on the development. 'We won't comment on the query,' the airline told of IndiGo had hit a 52-week high of Rs 5,474 earlier this week, supported by strong Q4 earnings and bullish commentary on international capacity expansion. However, Friday's slide reflects investor caution amid the overhang of large promoter offloading. Also Read: Why stock market is falling today? 4 key factors behind Sensex's 1,100-point crash, Nifty below 24,650 ADVERTISEMENT Meanwhile, investor caution also deepened after an Air India Boeing 787-8 Dreamliner crashed shortly after takeoff from Ahmedabad en route to London, killing all 241 onboard. Preliminary visuals showed the aircraft losing altitude and crashing into a residential area. The cause is under geopolitical tensions added further pressure. Israel launched strikes on Tehran, targeting nuclear and missile facilities in what it called a 'preemptive strike.' Iran confirmed the death of a top Revolutionary Guards commander, and Israel declared a state of emergency fearing retaliation. U.S. Secretary of State Marco Rubio termed the strike a "unilateral action," saying the U.S. was not involved. ADVERTISEMENT The conflict pushed Brent crude up nearly 10% intraday to $78.50 a barrel — its highest level since January — and up 12% for the week. WTI also surged over 9% to $74.47. 'This could have deep economic consequences if tensions escalate further,' said Dr. V K Vijayakumar of Geojit Financial Services. 'A retaliatory move like blocking the Strait of Hormuz could squeeze global supply and lift oil prices even higher.' ADVERTISEMENT With aviation fuel making up a significant share of airline costs, the crude spike amplified concerns over margins, adding to the sector's selloff. Also Read: SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13-06-2025
- Business
- Time of India
IndiGo share price today: InterGlobe Aviation stock tanks 6%; reports suggest promoter planning $1 billion stake sale
Earlier this week, IndiGo's shares reached a 52-week peak of Rs 5,474, bolstered by robust Q4 performance. IndiGo share price today: InterGlobe Aviation's stock, the parent company of IndiGo , fell by approximately 6% to Rs 5,175 on Friday following reports indicating InterGlobe Enterprises' potential sale of roughly 4% ownership through block transactions. According to a CNBC-TV18 report, the promoter group aims to generate approximately $1 billion from this stake sale. At present, InterGlobe Enterprises maintains a 35.70% ownership stake in the organisation. This development follows co-promoter Rakesh Gangwal's continuous reduction in shareholding, having disposed of shares valued at Rs 40,000 crore since 2022. Gangwal presently retains a 7.8% stake in the airline, an ET report said. Earlier this week, IndiGo's shares reached a 52-week peak of Rs 5,474, bolstered by robust Q4 performance and positive outlook regarding international capacity growth. However, Friday's decline indicates investor wariness regarding substantial promoter share sales. Investor sentiment also deteriorated following a tragic Air India Boeing 787-8 Dreamliner accident near Ahmedabad during its London-bound flight, resulting in several fatalities. The ET report said that the situation worsened due to heightened international conflicts. Israeli forces conducted operations against Iran's nuclear and missile installations, describing it as a "preemptive strike." The strike caused Brent crude prices to surge by approximately 10%, reaching $78.50 per barrel, marking its peak since January and recording a 12% weekly increase. Similarly, WTI experienced a rise exceeding 9%, reaching $74.47. Dr. V K Vijayakumar of Geojit Financial Services said: "This could have deep economic consequences if tensions escalate further. A retaliatory move like blocking the Strait of Hormuz could squeeze global supply and lift oil prices even higher." The substantial increase in crude prices particularly affected the aviation sector, as fuel expenses constitute a major operational cost, leading to increased pressure on airline stocks. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
13-06-2025
- Business
- Time of India
IndiGo shares plunge 6% as promoter plans $1 billion stake sale
IndiGo shares: Sources told CNBC-TV18 that the promoter group aims to raise approximately $1 billion through the sale. Currently, InterGlobe Enterprises holds a 35.70% stake in the company. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of InterGlobe Aviation , which operates IndiGo, dropped nearly 6% to Rs 5,175 on Friday after reports suggested promoter InterGlobe Enterprises may sell around 4% stake via block told CNBC-TV18 that the promoter group is looking to raise about $1 billion through the sale. InterGlobe Enterprises currently holds a 35.70% stake in the move follows ongoing stake reductions by co-promoter Rakesh Gangwal, who has sold shares worth Rs 40,000 crore since 2022. Gangwal now holds just 7.8% in the declined to comment on the development. 'We won't comment on the query,' the airline told of IndiGo had hit a 52-week high of Rs 5,474 earlier this week, supported by strong Q4 earnings and bullish commentary on international capacity expansion. However, Friday's slide reflects investor caution amid the overhang of large promoter investor caution also deepened after an Air India Boeing 787-8 Dreamliner crashed shortly after takeoff from Ahmedabad en route to London, killing all 241 onboard. Preliminary visuals showed the aircraft losing altitude and crashing into a residential area. The cause is under geopolitical tensions added further pressure. Israel launched strikes on Tehran, targeting nuclear and missile facilities in what it called a 'preemptive strike.' Iran confirmed the death of a top Revolutionary Guards commander, and Israel declared a state of emergency fearing retaliation. U.S. Secretary of State Marco Rubio termed the strike a "unilateral action," saying the U.S. was not conflict pushed Brent crude up nearly 10% intraday to $78.50 a barrel — its highest level since January — and up 12% for the week. WTI also surged over 9% to $74.47.'This could have deep economic consequences if tensions escalate further,' said Dr. V K Vijayakumar of Geojit Financial Services . 'A retaliatory move like blocking the Strait of Hormuz could squeeze global supply and lift oil prices even higher.'With aviation fuel making up a significant share of airline costs, the crude spike amplified concerns over margins, adding to the sector's selloff.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
31-05-2025
- Business
- Mint
The week in charts: Monsoon cheer, India's GDP rank, IIP slump
The Indian Meteorological Department (IMD) has marginally raised its monsoon forecast for 2025, while April's industrial output growth slowed to 2.7%. Meanwhile, data continues to contradict recent claims by NITI Aayog's CEO that India is already the world's fourth-largest economy. Monsoon marvel The IMD now expects rainfall during the June–September monsoon season to be 106% of the long-period average (LPA), up from its April forecast of 105%. Rainfall in June alone is projected at 108% of LPA. Read this | Why a bountiful monsoon matters more this year, in five charts Rainfall is also likely to be above normal in the Monsoon Core Zone — India's key rain-fed agricultural belt. With the rains arriving early in several states, the outlook is positive for kharif crop output. Rank ruckus NITI Aayog CEO BVR Subrahmanyam recently claimed that India had already overtaken Japan as the world's fourth-largest economy and that the data from the International Monetary Fund (IMF) showed it. However, the IMF's latest data from April 2025 World Economic Outlook shows India's GDP for fiscal year 2025 at $3.909 trillion, below Japan's $4.026 trillion for the calendar year 2024, keeping India in the fifth place. Read this | Beyond the buzz: Has India really surpassed Japan to become the fourth-largest economy? India is projected to surpass Japan only in FY26, with $4.187 trillion versus Japan's $4.186 trillion. Share sell-off $1.35 billion: That's the value of shares IndiGo co-founder and promoter Rakesh Gangwal sold in a block deal on Tuesday, Mint reported. Gangwal and his Chinkerpoo Family Trust offloaded 22.1 million shares, or a 5.7% stake, at ₹5,230.5 each in InterGlobe Aviation Ltd, which operates IndiGo. Following a settlement with co-founder Rahul Bhatia, Gangwal has been gradually reducing his stake in the airline. He sold a 5.83% stake on 29 August 2024, after offloading an identical stake on 11 April 2024. Output slump India's industrial output growth slowed to 2.7% year-on-year in April 2025, marking an eight-month low, mainly due to a sharp decline in electricity and mining production. Manufacturing growth also moderated to 3.4%, though a sharp rise in capital goods output (20.3%) signalled positive investment momentum. While consumer durables held steady, non-durables remained in contraction. With lower temperatures reducing power demand and base effects turning unfavourable, factory output in May 2025 is expected to dip below 2%, a note by India Ratings and Research said. Staff squeeze For the first time in five years, Tata Motors' workforce shrank in FY25. It was down 3% to 58,442 employees amid falling demand for vehicles. This is in sharp contrast to the previous fiscal year when the workforce saw a 6% increase, a Mint report said. The decline was mainly in non-managerial staff, which fell to 45,486 from 47,495 the previous year. Meanwhile, median salary hikes for senior executives slowed to 3% from 15% the previous year. However, the company said drop in employee count reflected year-end adjustments rather than business conditions. Vodafone's woes ₹6,000 crore: That's the value of bank guarantees submitted by Vodafone Idea to the government, a Mint report said. Following the Supreme Court's rejection of adjusted gross revenue (AGR)-related petitions on 19 May, Vodafone informed the court that it may not survive the fiscal year without loans tied to AGR relief. Lenders now await the telecom department's decision on these guarantees. Invoking them would worsen Vodafone's financial crisis. While the government has the power to do so, analysts believe it may refrain, prioritising sector stability over immediate recovery. Trade pacts Global trade dynamics are shifting from multilateralism to country-to-country ties, with regional trade agreements (RTAs) becoming more prominent. As of May 2025, there are 375 RTAs in force globally, up sharply over the past two decades. With 19 RTAs, India ranks at the 11th place, behind China, reflecting its increasing trade engagement, an analysis by shows. Developed countries lead in agreements that often go beyond tariffs. India's RTAs, like the one with the UAE, reflect this evolving trend toward deeper and cross-regional trade partnerships. Chart of the week: Silent strain Marriages in India drastically alter women's daily lives, burdening them with household chores, a Mint analysis of pan-India Time Use Survey showed. Post-marriage, women spend 27% of their day on unpaid domestic duties, up from 6% when unmarried, while men's share rises only marginally from 1% to 3%. Follow our data stories on the 'In Charts" and 'Plain Facts" pages on the Mint website.
