Month: November 2024

Regional divide: Paytm and PhonePe dominate North India, Google Pay leads in the South

PayNearby latest report highlighted a significant growth in cash withdrawal transactions in Northeast India, with Mizoram, Meghalaya, Nagaland, and Assam leading the way in digital financial inclusion.

PhonePe pushes global boundaries, amidst regional growth challenges and WhatsApp Pay expands financial inclusion efforts across India despite rising cyber fraud concerns.

Delhi High Court blocks pirate app streaming Disney Star content

Additionally, it ordered PayPal Payment Private Limited to freeze the account of the King's app owner.

The court also directed the domain name registrar to disclose information about King’s ownership, including name, address, IP address, payment method, bank details, and information on any other websites infringing Disney Star’s content.

Gen Z Explainer: The concept of ‘user disengagement’

True engagement means using an app when it's useful, then leaving when you're done. The best designs are invisible; they solve a problem and then get out of the way. (Image source: Unsplash)

Discover why intentional disengagement can lead to trust, loyalty, and a healthier digital experience for users and businesses alike.

RMG firms to MIB: Stop betting sites from promoting through outdoor ads

The ministry stated that it has received concerns from Honorable Members of Parliament, statutory organizations, and public grievances regarding content on OTT platforms.

Numerous gambling platforms, including 1xBet, Parimatch, Betway, and DafaBet, have been advertising heavily on billboards and cabs across major cities like Delhi, Mumbai, and Bengaluru.

Titan’s ad spending jumps 23.8% to Rs 250 cr in Q2

Jewellery continued to be the largest revenue driver with steady growth. Total Income for the quarter grew 26% over Q2FY24 to Rs 763 crores. The India business grew 25% in the same period. (Image source: CNBC TV18)

The profit for this quarter was Rs 705 crore compared to last last quarter’s Rs 770 crores indicating approximately an 8.4% decline.

Wakefit records 50% revenue growth online during festive season

Sharing his views on the company’s growth, Chaitanya Ramalingegowda, Co-founder & Director, Wakefit.co, said, “The festive season sale has gotten an incredible response from our customers this year. The trust that they continue to place in us is truly motivating and drives everything we do. At Wakefit.co, listening to our customers' needs and evolving with them has always been a priority. This year’s growth is a reflection of that commitment.”

Geographically, the North and East regions experienced the highest sales growth this year, with states like Uttar Pradesh, Madhya Pradesh, and Rajasthan showing a 4x spike in sales compared to pre-festive periods.

Xiaomi India’s President Muralikrishnan B steps down

Muralikrishnan B began his career at Asian Paints as an area manager where he headed branch units responsible for overall sales & administration - Sales & Sales promotional plans, forecasting, dealer network management and compliance.

During his stint, Muralikrishnan B was responsible for Operations, Services, Public Affairs & Strategic Projects.