Month: September 2024

Diageo expands into white spirits with new X series

While speaking about Diageo's focus on two kinds of consumers - affluent and young, Damodaran says that affluent consumers desire unique products and personalized experiences, such as limited edition bottles while younger consumers are embracing cocktail culture, seeking a wide variety in terms of flavors and categories. (Image sourced from diageo_news via Twitter)

The Indian market has seen significant growth in craft spirits and microbreweries over the past decade, translating to a vibrant startup ecosystem for alcobev (alcoholic beverages).

Celebrities back Swiggy ahead of IPO, signalling growing trend in tech investments

The launch of International Logins comes when families, especially during festive seasons, want to celebrate and share moments with loved ones in India. .

High-profile figures from sports and entertainment are diving into Swiggy’s unlisted shares, underscoring a shift towards tech startup investments amidst fierce competition from rivals like Zomato and Zepto.

Baseline Ventures signs Indian Men’s Hockey Captain, Harmanpreet Singh

Harmanpreet Singh has been part of double Olympic Bronze medal campaigns, winning 2023 Asian Games, Asia Cup, Junior World Cup titles and been adjudged the FIH player of the Year consecutively in 2021 & 2022.

Baseline Ventures will be exclusively representing the Indian men’s Hockey team captain Harmanpreet Singh for all his commercial engagements, which will include brand endorsements, sponsorships, digital associations and licensing etc.

Founder of Vertices Partners accuses BookMyShow for using ticket bots to blackmarket Coldplay tickets

BookMyShow, the exclusive ticketing partner for Coldplay's January concert, manipulated the sales process to deliberately log out fans moments before tickets were released. (Photo by Aditya Chinchure on Unsplash)

Amit Vyas files complaint with Economic Offices Wing, Mumbai, alleging criminal breach of trust and tax evasion; claims ticket bots manipulated sales for Coldplay’s 2025 India concert.

Prasar Bharati opposes allotment of broadcasting spectrum to telcos

Prasar Bharati has also introduced a 75% alignment rule wherein 75% of all content should belong to the genre and language that is declared by the bidder during the application.

The pubcaster has opposed that the broadcasting spectrum in the sub-600 MHz band to be allocated to telecom services.

Subhash Ghai’s Mukta Arts inks pact with Zee Entertainment for 37 films

The agreement, which will commence on August 25, 2027, grants ZEEL the rights for a limited period of six years. Under the terms of the deal, Mukta Arts will receive a total consideration which is 25% higher than the previous agreement between the two companies. (Image source: Mukta Arts)

Under the terms of the deal, Mukta Arts will receive a total consideration which is 25% higher than the previous agreement between the two companies. Shares of Mukta Arts Ltd ended at ₹81.66, down by ₹0.28, or 0.34%, on the BSE.

FDI in Information & Broadcasting sector drops 31% in Q1 FY25

The newly elected President, Kevin Vaz, remarked, “It is an honour to take on this responsibility at such a transformative time for the media and entertainment sector. India’s appetite for content is unmatched, making it a unique market where all forms of media continue to grow, while Indian content increasingly gains international recognition furthering India’s soft power globally."

The I&B sector attracted foreign direct investment worth Rs 3,374 crore in the first quarter of the current fiscal, according to the Department for Promotion of Industry and Internal Trade (DPIIT).

Meta eyes India for business growth with WhatsApp updates, says VP Sandhya Devanathan

Sandhya Devanathan outlined Meta's focus on empowering businesses, both large and small, through innovative tools and platforms like WhatsApp.

With India being one of Meta’s most important markets, the company’s focus is set on delivering new features for WhatsApp that can drive significant business opportunities and support long-term growth.