Imran Fazal – Page 6 – storyboard18

Media cartel probe: Ad industry demands revamp at AAAI post CCI raids

Smaller agencies are preparing to submit a formal representation demanding an overhaul of the AAAI board, as per multiple industry sources.

EXCLUSIVE: CCI examines emails of former IBDF officials

The Commission has clarified that the new framework is sector-agnostic.

The crux of the CCI’s investigation revolves around whether industry bodies colluded to fix commissions, manipulate pricing, or restrict fair competition.

India’s media ‘Does not need foreign validation,’ says I&B Ministry

The directive was issued with the approval of the competent authority in the ministry.

The query, raised by Congress MP K Sudhakaran from Kerala, sought clarity on India’s decline in the global rankings and the measures undertaken by the government to protect journalists and safeguard press freedom.

Quick Commerce or Quick cash? Zepto’s promotion of illegal betting firm Parimatch

Flyer of illegal betting platform Parimatch sent by Zepto to customers, hoarding at Poonamallee High Road in Tamil Nadu.

Zepto not only promoted Parimatch but also went as far as including flyers in customer orders, essentially delivering gambling ads straight to people’s homes.

Sun TV Network’s Kal Radio gets NCLT approval for Udaya FM amalgamation

The amalgamation was approved to create synergies between the FM radio broadcasting businesses of the two companies.

The NCLT order also addresses the transfer of assets and liabilities, ensuring that all properties, rights, and powers of Udaya FM Private Limited will be transferred to Sun TV Network’s Kal Radio Limited.

Bright Outdoor acquires exclusive OOH media rights for Navi Mumbai Metro 1

In addition to the Navi Mumbai Metro project, Bright Outdoor achieved a major milestone in 2024 by securing the Western Railways Advertising Tender.

The OOH agency has acquired advertising space spanning approximately 85,000 square feet, ensuring extensive brand visibility in one of India’s fastest-growing urban centers.

CCI Raids: AAAI’s advisory to agencies could backfire, say experts

After reviewing the feedback and terms of the proposal, the CCI acknowledged Google’s commitment to major structural changes under its newly introduced “New India Agreement.”

Empowered under section 36 of the Competition Act, 2002, which grants the Commission extensive regulatory powers. These include summoning individuals, enforcing document production, examining witnesses, and requisitioning records from various offices.

Breaking: Gandhi family ends feud, restructures and merges Vadilal empire

A key component of the agreement involves securing the “Vadilal” brand within the company. Currently, the brand is used under a non-exclusive license from a promoter group entity.

The board approved a composite scheme of amalgamation to merge promoter/promoter group entities with Vadilal Industries. This includes the merger of Vadilal Finance Company Private Limited (VFCPL), Veronica Constructions Private Limited (VCPL) and Vadilal International Private Limited (VIPL).

Breaking: Saregama acquires majority stake in Pocket Aces for ₹127.47 crores

The transaction, amounting to INR 127.47 Crores, was executed as a second-tranche sale consideration paid to existing security holders of Pocket Aces.

With this latest move, Saregama now holds a 90.37% stake in the company, further strengthening its presence in the digital content space.