January 2025 – Page 7

RMG players’ woes increase, while Rs 8.2 trillion illegal betting market grows

Thirty petitions have been filed by RMG companies challenging retrospective GST demands exceeding ₹1.5 trillion, calculated at 28% on the face value of bets.

Beyond taxation challenges, RMG companies are urging the government to refine online gaming regulations to clearly differentiate between skill-based gaming and betting or gambling.

TikTok’s North American ad sales head Sameer Singh steps down

This movement comes as the ban on the short form video hosting service in the US nears, which is all set to take place on January 19.

Sameer Singh, who joined ByteDance in 2019 as the head, global business solutions, APAC, will remain with the company till the end of February.

ITDC to offer luxurious retreats at Maha Kumbh 2025

Image: KumbhCity, ITDC

Spirituality meets comfort as luxury camps with modern amenities debut near Prayagraj’s Sangam, enhancing the pilgrim experience.

Kotak Mahindra Bank’s COO and CTO Milind Nagnur resigns, cites personal reasons

The resignation is effective from February 15, 2025.

The bank in exchange filings confirmed that Nagnur had stepped down due to personal reasons, with plans to relocate to the United States to care for family members.

TRAI to hold OHD on 8 Jan for formulating Digital Radio Broadcast Policy

MIB has also highlighted certain issues that may be considered while formulating recommendations for digital radio broadcast policy.

Ministry of Information and Broadcasting vide its reference dated 23rd April 2024 has sought recommendations of TRAI on formulating a digital radio broadcast policy for private Radio broadcasters.

Policy think tanks, civil society call DPDP draft rules ‘vague’, raise concerns

Multiple think tank policy consultants have raised concerns over the challenges posed by emerging technologies like Artificial Intelligence.

Experts suggest that the parental consent rules are likely to add a heavy compliance burden on all parties involved.

DPDP Act: MeitY releases draft data protection rules for public consultation

Multiple think tank policy consultants have raised concerns over the challenges posed by emerging technologies like Artificial Intelligence.

Government seeks public input on regulations that will reshape how companies handle personal information

HUL likely to acquire skincare startup Minimalist in Rs 3,000 crore deal: Report

Minimalist doubled its profit to Rs 10.83 crore in FY 24 from Rs 5 crore in FY 23

Post the acquisition, Minimalist’s valuation may surge to Rs 3,000 crore from Rs 650 crore in just three years of span.

DD viewership declines | MIB budget cut | DPDP rules expected to be out soon

At Doordarshan, number of vacant posts has increased from 12420 (in 2023) to 13708 (in 2024).

Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.

Apple’s $95 million settlement case: iPhone users may receive up to $20 each

Apple's commitment to privacy questioned as company settles Siri lawsuit

Apple Inc. has not acknowledged any wrongdoing so far. The lawyers have proposed scheduling a 14 February court hearing in Oakland to review the terms