December 2024 – Page 42

Nazara announces five investments totalling Rs 196 crores

Nazara will invest Rs 148 crores in its existing subsidiaries including Sportskeeda, Nodwin Gaming, and Datawrkz to increase its ownership in them and support their growth.

Nazara has expanded into physical entertainment with the acquisition of a 60% stake in Funky Monkeys Play Centers Private Limited, which focuses on indoor soft play centers for children, for Rs 43.7 crores.

OpenAI eyes advertising as new revenue stream amidst rapid growth

ChatGPT Pro is the latest addition to OpenAI's subscription lineup, which includes ChatGPT Plus, Team, and Enterprise.

The company’s revenue has soared to $4 billion annually, driven by the success of ChatGPT, which now boasts over 250 million weekly active users.

WebEngage elevates Anand Vaidya to director of marketing and corporate communications

With a diverse career that includes notable roles at The Mavericks, Weber Shandwick, Adfactors PR, and MSLGROUP India, Anand Vaidya brings extensive expertise in marketing and communications. (Image source: LinkedIn)

Previously, Anand Vaidya worked with Weber Shandwick, Adfactors PR, MSLGROUP India, The Mavericks, and more.

FSSAI classifies packaged drinking water as ‘High-Risk’ category; imposes new inspection norms

FSSAI stated that in light of the removal of the BIS certification mandate for certain products, it has decided to treat packaged drinking water and mineral water under the "High Risk Food Categories."

Under the new guidelines, FSSAI emphasized that manufacturers or processors of food items that no longer need BIS certification must also undergo inspections before obtaining a license or registration.

India’s EV two-wheeler market crosses 1 million mark in 2024

October 2024 saw the domestic electric two-wheeler (E2W) market experience a MoM growth of nearly 54% with registrations rising to 1,38,022 units.

Festive sales and deep discounts accelerate the electric mobility revoution.

Tata Consumer Products re-appoints Wavemaker as its media agency

TCP had last called the pitch in 2021.

The agency was awarded the account in a multi-agency pitch. This partnership will cover the strategic planning and execution of Tata Consumer Products’ media mandate in India, for the upcoming financial year.

JSW Group gears up to launch its own EV brand

JSW is planning to build a dedicated car plant in Aurangabad, Maharashtra, focused on the production of electric vehicles.

Months after partnering with SAIC Motor to manufacture Morris Garages’ EVs in India, JSW Group plans to launch its own electric vehicle brand, signalling a strategic push into India’s burgeoning EV sector.

BSNL partners with Skypro to offer next-gen IPTV service across India

The collaboration aims to redefine digital entertainment for millions, offering an integrated solution combining high-speed broadband with IPTV services.

The collaboration aims to transform TV and Internet experience for millions of consumers.

Dentsu India elevates Imtiyaz Vilatra to Chief Executive Officer, Posterscope India

This move aims to establish Posterscope as a leader in both traditional and digital OOH.

Imtiyaz Vilatra will report to Anita Kotwani, CEO, Media – South Asia, dentsu.

Hockey India teams up with Doordarshan for landmark broadcast deal

The 2024-25 edition of the HIL will feature both men’s and women’s tournaments, with eight men’s teams and six women’s teams competing simultaneously.

Hockey India League returns with nationwide coverage, high-profile investors, and dual men’s and women’s tournaments.