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Branding: How to Make it Work

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Jayanshi Sharma, Brand Strategist and Entrepreneur, Litmus Branding, speaks about a fresh approach to branding.

As someone who is a copywriter and brand strategist in an advertising agency, I can easily say that industries that are unconventional and less seen in the advertising space, always need a fresh approach.
The first step to branding is the purpose and positioning, under the bigger umbrella of brand communication strategy. Then comes the brand identity, the marketing collateral, and the web design and development. Finally, the digital strategies for SEO, SEM and SMM come into the picture. This is a general case scenario that can differ based on where the brand is in the process.
To begin with, I studied cement brands on the world wide web and on digital media. I believe brands are doing great for themselves and I am sure there is scope for improvement but I will give an unbiased opinion as to what I would do if I was the strategist for a cement brand.
I would establish a cement brand as a muscular one, in a rugged tone of voice, lending strength to its users and making sure that they can trust the brand. While in the past we have seen brands adopt a funny approach, I would bring a fresh perspective of emotion blended with strength. A father fulfilling his dream of building a house with cement laying the foundation of that dream, which then becomes a legacy over the years, is an example of the kind of brand language I would aim for.

Taking a stand
An interesting way to break stereotypes would be to have an approach of giving back to society and the environment, such as planting a tree on the sale of every cement bag or sponsoring the education of girls or making sure that one can spread the message of being against child labour loud and clear.
As far as going digital is concerned, every brand has a set of physical assets as they grow. They have property, a premise and other resources. In today’s day and age, having digital assets, such as websites and actively managed social media pages are
equally important.
Remember, there is no one way to build a brand. There can be many but choosing one way out of the many needs a thought process. This depends on what the brand stands for and whether that stand is being effectively communicated to its audience on relevant platforms and to the public at large.

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India’s April-October Finished Steel Imports Reach 7-Year High

India is the world’s second-largest crude steel producer, had become a net importer in 2023/24.

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India’s finished steel imports during April-October reached a seven-year high of 5.7 million metric tons, according to provisional government data reviewed by Reuters on Wednesday. 
India, the world’s second-largest crude steel producer, had become a net importer in 2023/24, and this trend continued during the April-October period, the data indicated. 
From April to September, China had been the leading exporter of finished steel to India, and this was widely expected to remain the case during the April-October period. Further details would be revealed later in the month.
A senior government official had informed Reuters last month that India’s steel ministry was in favor of implementing a safeguard duty or a temporary tax to curb the rising imports of steel. 
India’s steel demand remained strong, primarily driven by infrastructure and the automotive sector, although it had slowed down in the United States and Europe.
The consumption of finished steel in India reached a seven-year high of 85.7 million metric tons during April-October, according to the data. Meanwhile, India’s finished steel exports during this period slumped to their lowest in seven years, totaling 2.8 million metric tons. The country’s finished steel production amounted to 82.7 million metric tons, marking a 4.4% increase compared to the previous year. Crude steel production stood at 84.9 million metric tons, reflecting a 3% year-on-year rise.

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NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn

The company had reported a loss of Rs 131.10 crore during the same period last year.

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NMDC Steel announced on Tuesday that its loss had widened to Rs 595.37 crore in the September quarter, primarily due to a surge in expenses. The company had reported a loss of Rs 131.10 crore during the same period last year, according to an exchange filing.

The company’s total income increased to Rs 1,535.46 crore, up from Rs 290.27 crore a year earlier. However, NMDC Steel’s expenses escalated to Rs 2,364.39 crore in the second quarter of the current fiscal year, compared to Rs 464.93 crore in the corresponding period of the previous year.

NMDC Steel Ltd, which was demerged from the mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant at Nagarnar in Chhattisgarh. The Nagarnar plant, set up with an investment of about Rs 23,000 crore, is referred to as India’s youngest steel unit. NMDC Steel commenced commercial operations at this unit on August 31, 2023.

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Shalimar Paints reports a net loss of Rs 196.2 Mn in Q2 FY25

It had registered loss after tax of Rs 252.2 million in the corresponding quarter of the previous fiscal.

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Shalimar Paints has reported net consolidated loss after tax of Rs 196.2 million during the quarter ended September 30, 2024.

It had registered loss after tax of Rs 252.2 million in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 1.46 billion in Q2 FY25, a growth of 20.15% from Rs 1.21 billion it recorded in the similar quarter last year.

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