September 2024 – Page 18

S4 Capital’s revenue drops to $498.5 million, debt spikes up in H1 2024

S4 Capital's revenue declines by 13.5% in H1 2024

S4 Capital attributed its performance to continued uncertainty around global macroeconomic conditions, high interest rates, and caution from tech clients

Zee senior management to meet investors in Singapore from Sept 25-27 amid Star India dispute

Zee Entertainment Enterprises Ltd (ZEEL) has reportedly sold its prime real estate asset in Hyderabad’s upscale Jubilee Hills area for Rs 99.3 crore.

The announcement has come after the media and entertainment behemoth rejected a $940 million (Around Rs 8,000 crore) claim filed by Disney-owned Star India regarding the termination of a cricket broadcasting agreement on Wednesday

Bombay High Court restrains Apollo Tyres from “defamatory” ad against CEAT

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

The Bombay High Court further found that the Visual Commercial (VC) aired by Apollo Tyres was “prima facie” derogatory and disparaged CEAT’s product.

Nike’s new CEO: Elliott Hill’s rise from intern to Chief Executive Officer

Elliott Hill, Nike's new CEO (Image: @BarstoolTCU)

Elliott Hill has spent more than three decades with Nike. As per the LinkedIn profile of Hill, he joined Nike in 1988 and held several leadership positions before retiring in 2020

Elliott Hill to be new Nike CEO; John Donahoe to step down

Nike is bringing Elliott Hill by offering him a package of $27 million as per media reports

Nike Inc. brings back company veteran Elliott Hill as its president and CEO, replacing John Donahoe, who will retire next month. Nike’s stock jumped almost 8% following the announcement.

Centre proposes new and stricter anti-tobacco regulations for online content platforms

The health ministry letter to IPL emphasised the crucial role of sports in promoting public health, noting that tobacco and alcohol are major risk factors for non-communicable diseases.

The anti-tobacco regulations will also include video-on-demand services such as Netflix and Amazon Prime Video. Centre has opened a 30-day public consultation period for individuals and organisations to submit feedback.

Prasar Bharati notifies its recruitment board (procedure and conduct of business) regulations, 2024

The MIB has strongly supported D2M, emphasizing that out of 280 million households in India, only 190 million have televisions, leaving many without access to TV.

The latest provisions came into force on September 13.

Publicis Groupe acquires independent commerce marketing company Mars United Commerce

Winning in commerce, by changing shopper behavior to drive business results, is increasingly a core element of marketers’ winning strategies. But activating in commerce has become increasingly complex, as brands must navigate a fragmented array of channels, media, technologies and data, stated the company. (Image source: LinkedIn)

Under the leadership of its CEO Rob Rivenburgh, Mars’ proprietary technology and solutions will further scale and supercharge Publicis’ existing commerce capabilities.

India high priority for Meta globally for the scale it offers: Sandhya Devanathan

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

Meta announced a range of features for small businesses in India last week, including Meta-verified badges on WhatsApp for small businesses and customised Messages on WhatsApp Business App. Sandhya Devanathan, VP, Meta in India explained the significance of these propositions for businesses on WhatsApp and consumers alike, etc.