SoftBank also made full exits from Policybazaar and Zomato. It also exited PhonePe which was part of a dividend payout from the Flipkart investment.
Tag: Media
Etihad Airways signs deal with IPL team Chennai Super Kings to become the principal sponsor
Etihad Airways will also provide exclusive deals to the fans of the five-time IPL champion team, along with covering CSK’s events and platforms.
Parliamentary Committee asks government for comprehensive act to regulate cable TV industry
According to the panel, one of the biggest concerns of the cable TV industry has been pricing of channels by broadcasters and the negative impact on the cable tv industry.
Modi family inheritance dispute: Samir Modi wishes to keep ownership of flagship company Godfrey Philips
Bina Modi, the current CEO of Godfrey Phillips, is at the center of the dispute, with Samir alleging that she has taken control of the company in violation of the trust deed’s provisions.
Aviation passenger traffic recovered to 96 percent during 2022-23
In the last twelve months, two greenfield airports namely, Rajkot in Gujarat and Shivamogga in Karnataka have been operationalised. In addition, new terminals buildings at Trichy, Ayodhya, Surat, Chennai, Tezu, Kanpur and Port Blair airports have been developed.
BCCI approaches Supreme Court for opinion on taxability of media rights
BCCI is of the opinion that their sale of media rights do not fall under ‘franchise services’ and hence they are not liable to pay service tax.
TV’s share in ad spend to decline to 28 percent by end of 2024: Reports
Overall, the Indian advertising industry grew 8.6 percent in 2023 and is eyeing to touch Rs 1,01,591 crore 2024.
SEBI cracks down on ZEE Business guest experts; Rs 7.4 crore fine imposed by market regulator
Some experts barred from trading in the market until further orders.
NBDA concerned; states draft Broadcasting Bill may lead to arbitrary use of powers
NBDA expresses concerns about equating OTT with traditional broadcasting services. Urges government to take light-touch approach in drafting bill.
Indian advertising industry grew 8.6 percent in 2023, eyes Rs 1,01,591 crore by 2024
The growth in 2023 was propelled by categories such as tourism, government and social organisations, real estate, and media and entertainment.