Akanksha Nagar – Page 11

TRAI excludes likes of Google, Telegram, WhatsApp from new licensing rules

The consultation paper followed the Department of Telecommunications (DoT) letter dated July 26 to TRAI.

The Telecom Regulatory Authority of India (TRAI) has recommended a streamlined licensing framework under the new Telecom Act. The proposal includes reducing entry fees and eliminating renewal fees and aims to replace the current licensing regime.

Cabinet clears establishment of national centre of excellence for AVGC-XR

The National Centre of Excellence (NCoE) is being established to act as the pinnacle institution to anchor the AVGC-XR ecosystem in the country. (Image courtesy: Unsplash)

The National Centre of Excellence (NCoE) for animation, visual effects, gaming, comics, and extended reality (AVGC-XR) is said to enhance the country’s soft power globally and attract foreign investment.

Schbang acquires Dutch design agency Addikt to form combined entity with turnover Rs 300 cr

Schbang currently has over 150 brands on retainer and is looking to add 12 more brands by the end of FY25. The agency plans to also foray into Africa and the Middle East, apart from strengthening its presence in Europe with AddiktSchbang.

Schbang has acquired 50% of the shares of Amsterdam-based design agency Addikt to form ‘AddiktSchbang’- with a combination of call-and-put options and an aim to work together for the next 10 years.

Prasar Bharati’s OTT launch date pushed to October 3: Exclusive

Prasar Bharati has extended deadline indefinitely till further orders.

The launch was earlier scheduled for September 15, which is now pushed to October amidst the growing concerns from select broadcasters and streaming platforms.

Google’s AI model under scrutiny from EU regulators

The update, driven by rising concerns over deepfakes, will incorporate new identification resource tags to reveal AI-related information.

Ireland’s Data Protection Commission (DPC), the lead EU regulator initiated the probe concerning the Alphabet Inc unit’s Pathways Language Model 2 (PaLM 2).

Reliance Retail to transfer FMCG brands to RCPL to boost market share

HUL slashed the ad spending by 14.8% in Q2 (Photo by Daria Volkova on Unsplash)

Reliance Retail is planning to transfer its multiple FMCG brands including Campa and Independence to Reliance Consumer Products Ltd (RCPL) to expand and scale up its FMCG business.

Unearthing Mamaearth: Decoding consumer feedback

When launched in 2016, it came as a saviour to consumers looking for toxin-free products made with natural ingredients and a focus on sustainability. It is in fact known to be the fastest digital-first brand to attain a revenue of Rs 1,000 crore. (Image source: LinkedIn)

Honasa Consumer’s hero brand Mamaearth, which started its journey eight years ago, has been dealing with negative consumer feedback, while also trying hard to push its products offline. Yet, investors remain bullish – what’s behind their confidence?

Virat Kohli-backed Wrogn’s revenue down 29% in FY24

Earlier in June, Virat Kohli-backed Wrogn had raised Rs 125 crore ($15 million) from Aditya Birla Group-owned TMRW House of Brands.

The men’s apparel brand Wrogn’s revenue has dipped by 29% and losses surged by 28% in FY24.

Probe finds Amazon, Walmart’s Flipkart breach competition laws in India

In 2020, the Competition Commission of India (CCI) in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements and giving priority to certain listings.

The e-commerce giants Amazon and Flipkart were engaged in anti-competitive practices by favouring select sellers on their platforms, according to the probe conducted by the Competition Commission of India (CCI).