Tasmayee Laha Roy – Page 36

Zee replaces CEO Punit Goenka with an interim committee

The regulatory body’s investigation into Zee founders, primarily focusing on Subhash Chandra and Puneet Goenka, reportedly uncovered the potential diversion of approximately Rs 20 billion ($241 million) from the company. This figure is roughly ten times larger than SEBI's initial estimates, raising concerns about financial irregularities within Zee. (Image sourced via CNBC TV-18)

SEBI issued an interim order on June12, barring Subhash Chandra and Punit Goenka from key positions in any listed company.

Explained: Into real money games? This is how 28 percent GST will impact you

According to Dua, while initial concerns remain regarding the regulations, cautious optimism is emerging. Data is being analyzed by officials to understand the impact on businesses and consumers. This, along with the Finance Minister's commitment to review, fuels hope for a potential revision that fosters continued industry growth.(Representative image via Unsplash)

The 28 percent GST will have a significant impact on paying users, who make up a large portion of the real money gaming industry in India.

Taxing online gaming to the point of unviability, ‘contradicts Digital India vision’: 130 gaming entrepreneurs in open letter to govt

The number of employees in the 'Online Gaming' industry has grown at a CAGR of 97.5% from 2018 to 2023 in India.

Close to 130 entrepreneurs in the gaming space have joined forces to address the recent 28% GST announcement made by Finance Minister Nirmala Sitharaman.

Twitter begins sharing revenue with creators

Experts suggest that this GST will apply if the total annual income from various sources, including income from X, surpasses Rs 20 lakh. (Representative Image: Bastian Riccardi via Unsplash)

This means that creators can get a share in ad revenue, starting with
the replies to their posts.

Disney CEO Bob Iger hints at potential sale of TV assets amid streaming rise: CNBC report

The biggest concern for the entertainment giant is to figure out Iger’s succession plan. Iger has already extended his tenure by almost two decades.

Speculations surrounding the future of Disney-owned Star India emerge alongside reports of a potential sale of Disney’s TV assets

Snapchat leads the way in digital advertising in India in Jan-March 2023: TAM

The World Wide Web Consortium (W3C), which leads development of the technical standards and guidelines to ensure that the web remains open, accessible, and interoperable, officially launched as a public interest non-profit ogranisation as of January 1, 2023. (Image via Unsplash) via Unsplash)

The TAM report shows how digital advertising in India is growing rapidly, with mobile display and programmatic being the most popular methods.

RIP – Real money gaming industry in India: Ashneer Grover

Grover who recently launched his own fantasy gaming app Crickpe put out a tweet that said, ‘It was good fun being part of the fantasy gaming industry - which stands murdered now’ (Image source: News18)

The 50th GST Council meeting on Tuesday agreed to tax online gaming at the rate of 28 percent on full face value amount at par with horse racing and casino

GST Impact: 28% tax threatens grey market surge and stifles industry growth, stakeholders raise concerns

The OneBlade Cup will feature teams of four players engaging in qualifiers to make it to the top 16. (Representative Image: Onur Binay via Unsplash)

Stakeholders urge the government to re-evaluate the decision to make taxes in online gaming in line with the international best practices

SAT Upholds SEBI’s Order: Zee promoters barred from key positions in listed entities

On June 12, Sebi issued an interim order, prohibiting the Goenkas from serving as directors or key managerial personnel in any listed company or its subsidiaries.

The National Company Law Tribunal (NCLT) will also be hearing on the Zee-Sony merger case on July 10

Google’s TrueView Ads misalignment: Adalytics research reveals how ad dollars are spent on non-compliant video units

An Adalytics research suggests that billions of digital ad dollars may have been spent on small, muted, out-stream, auto-playing, or interstitial video ad units running on independent websites and mobile apps, instead of the intended TrueView format. (Representative Image: Mitchell Luo via Unsplash)

Findings of the research suggest the practice has been going on since 2020.