Delshad Irani – Page 26

Infibeam Avenues to acquire majority stake in Rediff; Ajit Balakrishnan to continue as an advisor to the firm

Infibeam Avenues said that Rediff’s user base offers fertile ground for cross-selling financial products using artificial intelligence such as loans, insurance, and investment products. (Image source: X and Facebook)

The Rediff acquisition will allow the payments infrastructure firm to diversify its offerings and increase user engagement, Infibeam stated.

Varun Berry, Britannia Industries: Rural market share grew at a faster clip than Urban

Addressing rural consumption and growth, Berry emphasized on the expansion in distribution footprint and product offerings to align with regional preferences, to benefit consumption.

Varun Berry, Vice Chairman and Managing Director, Britannia Industries, said “We come out of a challenging financial year that witnessed consumption slowdown, particularly in rural India.”

Apple reports quarterly revenue of $85.8 billion; iPhone business revenue at $39.3 billion

“Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago,” said Tim Cook, Apple’s CEO.

Apple’s iPhone business accounted for about 46% of the company’s total sales during the quarter.

Beyond Squid Games: Netflix’s plans to serve super fandoms with games

will premiere a multiplayer game based on the Squid Game universe later this year timed to the launch of season two of its biggest TV series ever.

Netflix leadership updated on the streamer’s three year-old gaming initiative and user engagement on games, and its ability to scale its gaming efforts.

Blinkit’s Albinder Dhindsa: Some players have been spending more on marketing, subsidies

Blinkit aims to hit 2,000 dark stores by the end of 2026 from 639 at the end of the June quarter.

Zomato unveils District, new app consolidating its going-out business

Goyal said building a one stop destination app for going-out could be a game changer

Zomato CEO Deepinder Goyal in a letter to shareholders, said, “Today, Zomato and Blinkit are our two large consumer businesses and both of them serve customers’ needs at home. However, we also have one of India’s largest ‘going-out’ businesses.”

Lulu Raghavan elevated to president for Landor APAC

In the new role, Lulu Raghavan will remain based in Mumbai and report to Christian Schroeder, Global President of Landor.

Don’t expect advertising to be a primary driver of revenue growth in 2024 or 2025: Netflix

The EOW has summoned executives from Los Gatos Production Services India for questioning and is conducting a thorough investigation.

The near term challenge (and medium term opportunity) is that Netflix is scaling faster than its ability to monetize the growing ad inventory.

Netflix targets $17 billion in content spend this year; India top 3 market in revenue growth in Q2

Ted Sarandos, Co-CEO, Netflix said, "India's growth is a story that we see around the world playing out very similarly." (Image: Netflix, 'Heeramandi')

India was Netflix’s number 2 and 3 country in terms of paid net adds and percent of revenue growth in the second quarter.