Month: September 2023

Online gaming companies to lessen spend during ICC Men’s Cricket World Cup amidst 28 percent GST

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

On July 11, the GST Council decided to impose 28 percent tax for online gaming. On August 2, Finance Minister Nirmala Sitharaman clarified that the 28 percent tax will take place from October 1.

Pernod Ricard faces CCI probe

The brand and the retailers entered into a ‘Royal Stag Agreement’ to make sure that the brand got 70 percent share of shelf space, a media report cites. (Image source: Moneycontrol)

The domestic drinks brand Radico Khaitan alleged that Pernod Ricard India colluded or conspired with the retailers in Telangana of offering them ‘additional discounts and benefits’ if priority and favouritism was given to Royal whisky brand over 8PM whisky brand.

The Derma Co. clocks Rs. 350cr ARR; becomes second brand by Honasa after Mamaearth to achieve this

Bajaj Auto currently has 80 percent market share in the ICE segment. This serves as a substantial and efficient distribution platform for their electric offerings. (Representative Image: Annie Spratt via Unsplash)

The Derma Co. has achieved Rs. 30 Cr. monthly revenue in 41 months of its inception, outpacing Mamaearth, Honasa Consumer Limited’s flagship brand.

Google begins automatic migration from Universal Analytics to Google Analytics 4

This is one of three significant fines levied on the company in the past decade. (Representative Image: charlesdeluvio via Unsplash)(Representative Image: charlesdeluvio via Unsplash)

Since July 1, Google has been replacing Universal Analytics with Google Analytics 4, its upgraded version. And, since that date, the properties of Universal Analytics stopped processing data.

Meta to introduce Meta Verified, WhatsApp flows and support UPI apps in India

Facebook daily active users were 2.11 billion on average for December 2023, an increase of 6 percent YoY and monthly active users (MAUs) were 3.07 billion as of December 31, 2023, an increase of 3 percent YoY. (Image sourced from Moneycontrol)

Mark Zuckerberg said that India is leading the world in terms of how people and businesses have embraced messaging as the better way to get things done.