July 2024 – Page 12 – storyboard18

Go Fashion (India) plans to open around 130 new stores every year; Dubai store on the cards by 2024-end

Go Fashion (India) Ltd has 734 EBO stores, across 164 cities as of June 30, 2024

Go Fashion (India) Ltd opened 20 Exclusive Brand Outlets (EBOs) on a net basis in Q1 FY 2025.

Google elevates Sanjay Gupta to President, APAC

As per the report, Roma Datta Chobey would be the interim head for the large customer sales (LCS) team.

Sanjay Gupta began his career at Hindustan Unilever and went on to work across Bharti Airtel, and Star India.

OTT industry may add 2.80 lakh jobs in next 4 years as demand for VFX, animation surges: Report

Siti Networks Ltd narrowed its consolidated loss to Rs 204.5 crore in FY24 from Rs 314.5 crore in FY 23

Premium online video-on-demand is set to fuel 50% of new revenue growth of India’s total video market, the report said

adidas vs ADIDAS: Delhi HC awards over Rs 14 lakh in damages for trademark infringement

In response to the lawsuit, M&M issued a statement expressing its intent to find an amicable resolution, as per reports.

The court of Justice Sanjeev Narula also fined Adidas Rs 14.22 lakh in damages, which includes Rs 3 lakh in nominal damages and Rs 11.22 lakh in costs incurred by Adidas in pursuing the trademark infringement case over the previous 13 years.

YouTube reports a 13% surge YoY in ad revenue to $8.66 billion in Q2

The program will roll-out starting with Flipkart and Myntra.

YouTube reported a 13% Year-on-Year rise in its ad revenue in Q2 as compared to $7.66 billion in the same period in 2023

Sony Pictures Networks India announces retirement of Ashok Nambissan and Nitin Nadkarni

SPNI bids adieu to Ashok Nambissan, General Counsel (left) and Nitin Nadkarni, Chief Financial Officer (right).

SPNI announced the retirement of two key leaders- General Counsel Ashok Nambissan and Chief Financial Officer, Nitin Nadkarni, effective August 31, 2024.

‘Hackers are trying to create better hacks’, says Krafton

Recently, Nodwin Gaming disqualified and banned three teams from the Philips OneBlade Battleground Mobile India Cup 2024 for cheating by using unauthorized and unethical methods during the official esports tournament.

Krafton is streamlining the process for tournament organizers and are resolving issues around organizing third party tournaments in the country.

Positive budgetary measures for rural to increase advertising spends by 15 percent in H2

The surge in advertising spend will be directed towards regional and localised campaigns, aimed at capturing the growing market share in rural segments in H2 FY25. (Image source: Moneycontrol)

Rural revival, good monsoons, healthy economic conditions and the upcoming festive season–all signal positive tidings for the overall advertising expenditure of the country in the second half of FY25.

Union Budget 2024: Major tax revisions set to boost gaming and esports sector

Launched by Karnataka’s IT & BT Minister Priyank Kharge at GAFX 2025, the initiative seeks to raise awareness about excessive digital consumption and integrate digital wellness into mainstream healthcare.

The rollback of the Angel tax is being considered to be a major boost for Indian gaming and esports entrepreneurs, leading to more opportunities as well as higher engagement with the youth.

Union Budget 2024: Government to spend Rs 1,089 crore for information and publicity

Dr. L Murugan, Minister of State for MIB, emphasized that India's judicial system ensures the protection of constitutional rights, including press freedom.

According to the budget expenditure report for 2024-2025, the government has allocated Rs 36.93 crore for Art and Culture and Rs 2,959.94 crore for Broadcasting. Furthermore, the government has allocated Rs 23 crore to the National Film Development Corporation.