November 2024 – Page 14

Star India incurs Rs 12,548 crore net loss in FY24, cites ICC contract as reason

Star India's standalone net profit was Rs 1,465 crore in FY 23

Star India’s operating revenue reduced by more than 6 percent to Rs 18,587 crore in FY 24 from Rs 19,812 crore in FY 23

Nazara and ONDC launch “gCommerce” to revolutionize in-game monetization

Leveraging ONDC's open digital commerce network, the gCommerce platform by Nazara will connect to a diverse range of sellers across over ten categories, giving gamers access to a wide variety of products directly within their games.

Presently in its soft-launch phase, gCommerce is slated for a broader rollout to game developers beginning in the first quarter of FY26.

E-commerce recorded $14 billion GMV this festive season, reveals Redseer’s report

Smaller cities displayed the highest growth rate in spends, climbing to 13% in 2024.

The rate of new shopper acquisitions has been slowing down, per-shopper spending increased by 5-6%.

Mondelez India ad expenses rise by 14.8% to Rs 1,603.15 crore in FY 24

Mondelez India's profit soared by 71.85 percent to Rs 1,175.93 crore in FY 24

Total expenses of Mondelez India were 11.9 per cent higher at Rs 11,080.72 crore in FY24

Over 50% of new Netflix sign-ups are for the ads plan in ad-supported countries

As per the report, with 70 million monthly active users worldwide, Netflix continues to make strides across all ad-supported markets, with over half of new sign-ups choosing the ads plan.

Netflix’s ad business soars with record reach and strategic partnerships, setting new standards in entertainment advertising.

Cantabil Retail India’s Q2 Profit declines 13% to Rs 6.6 crore

Cantabil added 23 stores in H1 FY25

Cantabil has intended to increase our store count to more than 700 in the next two years

Minister Jayant Chaudhary emphasizes MESC governing council’s role in ‘Skill India to Build India’

Chaudhary acknowledged the government's commitment to this vision through the AVGC policy

Chaudhary discussed the global demand for skilled professionals and how India has an unparalleled opportunity to establish itself as a major talent hub

Noise’s ad and marketing spends surge to Rs 286 crore in FY 24

Noise posted a revenue from operations of Rs 1,431 crore in FY 24

Noise’s employee benefit increased 53 percent to Rs 78 crore, including Rs 6 crore as ESOP cost

Google News exec Shailesh Prakash steps down amid rising tensions with publishers

Shailesh Prakash joined Google in November 2022.

Amid rising tensions between Google and news publishers, the Indian-origin Shailesh Prakash, VP and General Manager, Google News has stepped down.