Month: October 2024

TRAI releases consultation paper for ground-based broadcasters; seeks comments from stakeholders

The News Broadcasters and Digital Association (NBDA) warned that while GBBs have the potential to diversify broadcasting, allowing them to operate without a well-defined regulatory structure could undermine competitive fairness.

As per TRAI, the consultation paper may be accessed on TRAI’s website. Additionally, written comments on the consultation paper are invited from the stakeholders by November 15,2024 while counter comments can be submitted by November 29,2024.

Ghatkopar hoarding collapse: Prime accused Bhinde gets bail

Bhavesh Bhinde, director of Ego Media Pvt Ltd, which erected the Ghatkopar hoarding that claimed 17 lives after it crashed on a petrol pump on May 13, moved the sessions court seeking discharge from the case.

Seventeen persons, including a former general manager of the Mumbai airport’s Air Traffic Control and his wife, died after the billboard crashed onto a petrol pump on May 13 during sudden dusty winds and unseasonal rains.

Distributors urge CCI to probe Blinkit, Swiggy, Zepto

AICPDF pointed out the swift growth of these platforms, stating that it creates major challenges for traditional retail.

The AICPDF wrote a letter to the Competition Commission of India (CCI), the antitrust regulator, on October 18 urging the CCI to examine if these qcomm platforms adhere to India’s FDI regulations or not.

HDFC Bank’s profit rises by 5 percent to Rs 16,820 cr; employee count increases by 4.5 percent to 2,06,758

As of September 30, 2024, the Bank’s distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 30, 2023. 51% of its branches are in semi-urban and rural areas. In addition, HDCFC has 15,217 business correspondents, which are primarily manned by Common Service Centres (CSC). (Image source: CNBCTV18)

The number of employees were at 2,06,758 as of September 30, 2024 (as against 1,97,899 as of September 30, 2023).

Sustainability is not just a compliance for Swiggy, says Rohit Kapoor

Rohit Kapoor, CEO, Swiggy Food Marketplace highlights that for widespread adoption, sustainability needs to be profitable. Just like learning and development, sustainability initiatives are more likely to be prioritized when there is a financial incentive.

At Storyboard18’s Power Of Purpose event, Rohit Kapoor, CEO, Swiggy Food Marketplace, highlighted that the IPO-bound company is in the business of spreading joy, and not in the business of delivering food.

Need to grow with sustainability for nation to become self-reliant: Union Minister Chirag Paswan

As a Food Processing Minister, Chirag Paswan shared that his dream is to have more and more Indian homegrown brands in global supermarkets, at Storyboard18 and Network18’s Power of Purpose: Sustainability Edition.

Speaking at Storyboard18’s Power of Purpose: Sustainability Edition on October 18 in New Delhi, Chirag Paswan, Minister of Food Processing Industries, shed light on the importance of minimising wastage and use of technology to work towards Prime Minister Narendra Modi’s vision of Viksit Bharat by 2047.

Next-gen more conscious of being sustainable than previous: Sanjeev Bikhchandani of InfoEdge

“AI will eventually end up replacing human beings in many areas—there will be a process of transition. But in the long run, AI should create more jobs than the job losses that are caused,” says Sanjeev Bikhchandani, Co-founder & Executive Vice Chairman, InfoEdge (in right) at the Storyboard18 and Network18 Group's Power of Purpose: Sustainability Edition.

Speaking at Storyboard18’s Power of Purpose: Sustainability Edition, Sanjeev Bikhchandani, Co-founder & Executive Vice Chairman, InfoEdge talks about how company’s growing investment in the sustainable businesses. He further highlights the need for young business leaders to be in touch with the frontline employees.