October 2024 – Page 13

Twitter India net profit declines by 90% due to sharp drop in ad revenue: Report

Twitter Communications India also registered a sharp decline in net profit.

Twitter Communications has also cut employee benefit expenses by 95 percent to Rs 6 crore from Rs 130 crore after it fired nearly the entire workforce in India, which previously comprised 200 employees

Govt working on new broadcast policy to regulate OTTs

The Minister of State for Information and Broadcasting and Parliamentary Affairs, L Murugan said that after receiving the suggestions, inputs from the industry and public, the government will introduce the policy to regulate OTTs in the Parliament.

IESF, SOGF bet big in India, proposes to establish self-regulatory esports body

The IESF, which includes 146 member countries, including India in collaboration with SOGF will host the International Esports Masters in India, scheduled for March 2025.

Storyboard18 had first reported about the meeting of Boban Totovski, General Secretary of the IESF, and Shankar Aggarwal, President of the SOG Federation with Minister of Youth Affairs and Sports

Ola exec Sidharth Shakdher joins Paytm as CMO and Business Head

Sidharth Shakdher reportedly quit Ola within nine months of joining the Bhavish Aggarwal-led company.

Former CBO at Ola, Sidharth Shakdher has joined Paytm as chief marketing officer and business head, where he will work closely with Paytm’s CEO, Vijay Shekhar Sharma.

WokTok to generate 8-9% of VRB’s overall revenue by FY27, says Veeba’s Viraj Bahl

"We are not putting any revenue pressure on WokTok"

“We are planning to spend over Rs 40-50 crore on the marketing brand WokTok alone by next year.”

Microsoft’s Alok Lall on how tech fuels sustainability efforts

While discussing Microsoft's commitment to renewable energy, Alok Lall, COO, Microsoft India and South Asia shares, "In order for us to become carbon negative by 2030, we have to move all our infrastructure to renewable energy by 2025. By next year, 100 percent of our infrastructure will be on renewable energy including solar."

Speaking at Storyboard18’s Power of Purpose: Sustainability Edition, Alok Lall, COO, Microsoft India and South Asia, talks about how at Microsoft, the ambition is to empower every person and every organization on the planet to achieve more.

I&B Ministry ‘suspends’ work on draft Broadcasting Bill

While the first draft was made public, the second draft of the Broadcasting Services Regulation Bill was circulated among select stakeholders in July 2024. It eventually was withdrawn by MIB saying it will ‘soon release the fresh draft’.

5 founders championing mental health: Conversations and strategic investments

74 percent of experienced entrepreneurs (6+ years) report high wellness, compared to just 57 percent of early-stage founders (Unsplash)

As mental health awareness continues to grow, several Indian founders are not only sharing their personal journeys but also backing ventures in the mental wellness space. Here’s a look at the key industry leaders aiming to improve mental health and wellness.

Consumers still ask kitna deti hai, but not just on mileage: Mahindra’s auto biz CEO

Nalinikanth Gollagunta emphasised that the first six months were crucial for preparing the company for upcoming vehicle launches, ensuring that M&M could continue meeting demand while positioning itself for future growth. (Image source: Biospectrum)

In a recent interview, Mahindra & Mahindra’s Auto Division CEO Nalinikanth Gollagunta shares insights on the company’s growth strategy, addressing challenges in supply chains and the transition to electric vehicle.

HUL cuts advertising spend, reports slight profit dip in Q2 FY25

HUL reduced its advertisement and promotion expenses by 13.8 percent in Q2 FY25.

HUL posted a marginal decline (at 4 percent) in profit to Rs 2,612 crore in Q2 FY25 from Rs 2,717 crore on a standalone basis