MAM
CNBC, Philips join hands for branded content campaign
MUMBAI: Leading global broadcaster of live business and financial news CNBC and Philips have come together for a branded content commercial campaign based around CNBC’s new video series, Innovation Cities.
The series was launched worldwide across CNBC TV and digital platforms and on innovationcities.cnbc.com today. It will feature innovations that can improve the way people live and work. Each two-and-a-half-minute episode will focus on one facet of city life and will explore innovations that can provide dynamic change.
The nine-week video series will air once a week after the network’s flagship morning show, Squawk Box in the EMEA and Asia Pacific regions, and on the Al Bousaiah programme on CNBC Arabiya in the Middle East.
Highlights of the video series will also air on CNBC in the United States, and CNBC World, while full episodes will be immediately available across all CNBC’s online video and mobile platforms.
Brands
Senior leaders exit Deloitte India amid shift in M&A strategy
Rival firms gain ground as Deloitte refocuses on high-value mergers and acquisitions
NEW DELHI: Deloitte has seen a series of senior departures in recent weeks, marking a period of transition as the firm recalibrates its mergers and acquisitions business, according to an Economic Times report. These exits follow a strategic shift in the firm’s advisory approach, which has increasingly focused on larger, high-value transactions.
The executives who have resigned include Rajesh Aggarwal, head of debt advisory, Ruchi Sarna, national head of consumer investment banking, and Suresh Atal, a senior partner in transaction advisory, according to the report. Industry sources indicate that Rajesh Aggarwal and Suresh Atal are likely to join PwC, while Sarna is also expected to move to a competing firm.
This movement follows a significant change in Deloitte’s leadership and focus over the past two years. After Rohit Berry joined from KPMG as president of the vertical, the firm began prioritising deals valued at over $250 million. Berry was accompanied by senior executives Vivek Gupta and Manish Aggarwal, leading to a larger migration of over 200 professionals from KPMG to Deloitte.
The competitive landscape remains fluid. PwC recently appointed Anmol Bhandari, a former Deloitte executive, as head of its transaction services vertical, reinforcing its dealmaking ambitions.
In the professional services sector, senior departures often trigger further team movements, suggesting that more staff may follow these leaders to their new firms.
Despite these exits, Deloitte is actively looking to rebuild its ranks. According to the report, the firm is currently looking to hire between six and nine partners to address gaps in its debt advisory team as it aggressively seeks fresh talent to maintain its market position.
As the major accounting firms continue to compete for leadership, the hierarchy of the Indian advisory market is shifting. While Deloitte has successfully recruited heavily from its rivals in the past, it now faces the challenge of retaining its own senior experts as they are courted by competitors like PwC.
