March 2024 – Page 59 – storyboard18

Newsprint price surge threatens Indian newspapers, industry seeks relief on import duty

Cars was the top category with 7% share of ad space in Jan-Mar’24. (Representative image by Bank Phrom via Unsplash)

The Indian Newspaper Society is urging the government to reconsider the 5 percent customs duty on newsprint to ease the financial burden caused due to increase in newsprint price.

FICCI-EY Report: Digital revenues to surpass TV in 2024; India’s M&E sector to hit $38 billion by 2026

Expect the M&E sector to grow 10.2 percent to reach INR2.55 trillion by 2024, then grow at a CAGR of 10 percent to reach INR 3.08 trillion by 2026.

In 2024, digital media is poised for explosive growth, potentially overtaking television to become the leading segment of the M&E sector. This surge in digital media is forecasted to propel the M&E sector’s growth to a 10 percent annual rate, crossing Rs 3 trillion ($37.1 billion) by 2026.

Nidhi Khare to be Consumer Affairs secretary; takes over from Rohit Kumar Singh

The Bureau of Indian Standards (BIS) has come up with draft norms for "Online Consumer Reviews" and circulated it among stakeholders. The draft QCO specifies that all organisations (termed as review administrator) managing and publishing online consumer reviews shall comply with the norms. They must ensure that only "genuine" reviews get published and they won't publish any "fake or false" consumer reviews online. (Image source: News18 Hindi)

Nidhi Khare, a 1992 batch Indian Administrative Service (IAS) officer of Jharkhand cadre, is currently the Secretary of the Department of Land Resources.

FoxyMoron CEO and Zoo Media’s Vivek Das quits after a year

Vivek Das will take a short career break after almost two decades of work.

Vivek Das was previously with WPP-owned firm Mindshare.

MoS IT Rajeev Chandrasekhar addresses startups’ concerns over Google’s billing policy, assures long-term solution

In India, Google allows app developers to sell in-app content only on the pre-condition that its own payment system, GPBS, is integrated as a payment option within their apps.(Image source: News18)

On March 1, Google said it would start removing 10 Indian app developers from its Play Store in India if developers do not adhere to the platform’s billing policies.

WPL shatters sponsorship stereotypes: Diverse brands drive 10 percent team revenue growth in the women’s cricket league

community and connection they foster among fans. (Image source: BCCI Women)

Women’s Premier League is attracting not only new sponsors but also encouraging existing ones to extend their partnerships.

EaseMyTrip’s Rikant Pittie elected as Confederation of Indian Industry’s vice chairman

Rikant Pittie, co-founder, EaseMyTrip, further added, "I would like to extend my heartfelt gratitude to Mr. Jaideep, Chairman, and Ms. Rachna Jindal, Director and State Head, along with the entire team at Confederation of Indian Industry Delhi State for their unwavering support. Additionally, I wish to express my appreciation to Mr. Deepak Jain, Chairman of CII Northern Region , and Mr. Puneet Kaura for their exceptional leadership, which has set a commendable standard for us to follow."

Rikant Pittie, co-founder, EaseMyTrip, said, “It is indeed a privilege to have the opportunity to collaborate with esteemed colleagues and industry leaders to drive impactful initiatives aligned with the objectives of the Delhi State Council.”

Rafael Oliveira steps down as Kraft Heinz’s president – international

Rafael Oliveira previously held the position of president - Europe, Middle East and Africa. He started his career at Banco Icatu, and went on to work at Goldman Sachs.

Rafael Oliveira previously held the position of president – Europe, Middle East and Africa.