Month: February 2024

BCCI approaches Supreme Court for opinion on taxability of media rights

Last year, the Bombay High Court directed the BCCI to seek the opinion of the Supreme Court regarding the issue (Image source (from left to right): Moneycontrol and Unsplash)

BCCI is of the opinion that their sale of media rights do not fall under ‘franchise services’ and hence they are not liable to pay service tax.

Unilever’s Nitin Paranjpe to retire in mid-2024 after 37 years

"Few people have the same high and totally uncompromising standards of integrity that they have," Nitin Paranjpe stated, reflecting on his long professional relationship with Dhaval during their time at HUL and Unilever.

The chief people and transformation officer, Nitin Paranjpe, will retire by mid-2024.

SEBI cracks down on ZEE Business guest experts; Rs 7.4 crore fine imposed by market regulator

SEBI categorised them in three categories. Kiran Jadhav, Ashish Kelkar, Himanshu Gupta, Mudit Goyal, and Simi Bhaumik were involved in giving trading advice to viewers, and hence have been bracketed as guest experts. Nirmal Kumar Soni, Partha Sarathi Dhar, SAAR Commodities, Manan Sharecom and Kanhya Trading Company have been termed profit makers and rest are enablers. (Image source: Moneycontrol)

Some experts barred from trading in the market until further orders.

Zomato spent Rs 374 crore on advertisement and promotions in the December quarter

While delivery costs have risen 63 percent to Rs 1,068 crore in Q3 from Rs 655 crore in the year-ago period, the company has been able to rein in the growth of advertising and promotional expenses in this period, as per reports. (Image source: Moneycontrol)

Zomato’s revenue rose to Rs 3,288 crore. The management said that the company’s improving margins have been driven by factors like greater ad monetisation and introduction of platform fees.

Radio City records 11 percent growth for third quarter

The rollout is also expected to create new job opportunities and promote local dialects and culture, supporting the government's 'vocal for local' initiative.

The jewellery industry saw growth of 44 percent year-on-year, an increase in the advertising spending. The pharmaceutical market grew by 15 percent and the auto industry recorded 26 percent growth compared to the previous year.