Author: Kashmeera Sambamurthy

Ashneer Grover: Banning or targeting gaming has become a politically fashionable move

Last week, Grover had posted on X platform (formerly Twitter) about the equity allocation and secondary components undertaken during the unicorn’s Series E funding round. The $370-million fundraise valued the payments and financial services fintech at $2.86 billion

Ashneer Grover, who is the co-founder of BharatPe, says the survival of the gaming industry now hinges on organic growth. In an exclusive interview with Storyboard18, he says, “The gaming industry is a decade old, and the distinction between games of skill and games of chance has already been legally settled in the courts, including the Supreme Court. The only path forward, once approved by the courts, is through legislation…Gaming is not a vice; it has the potential to generate significant employment and government revenue.”

Freedom of speech is fine, it must not cross the line, Sebi chief hits out at finfluencers

Buch highlighted the collaborative efforts between SEBI and the financial industry to explore sachetisation strategies for mutual funds. She pointed out that while the industry currently deems a Rs. 500 monthly SIP (Systematic Investment Plan) as profitable, there is a need to make smaller denominations, such as Rs. 100 or Rs. 250, economically viable. (Image source: Moneycontrol)

Several investigations by Moneycontrol have found these finfluencers associated with broking firms or mutual fund houses, which are SEBI-regulated entities.

Oyo India CEO, Europe head quit ahead of planned IPO

Ankit Gupta had joined the unicorn in 2019 and was the India CEO only for about a year before quitting in March this year. Before heading India operations, Gupta was CEO of the Franchise and Frontier business at the Gurugram-based company.

Both roles were already transitioned six months ago to Varun Jain, as COO India, and, Gautam Swaroop, as CEO OYO Vacation Homes, respectively, the company said.

Consumer court orders ITC to pay Rs 1 lakh to man who found one biscuit less in a packet

This partnership will serve as a strategic catalyst for both brands, helping them to expand their market reach and forge a more profound connection with the sporting community.

ITC Limited was ordered by a consumer court to pay Rs 1 lakh in compensation to a consumer who found only 15 biscuits in a 16-biscuit pack. The court ruled in favor of the complainant, citing “unfair trade practices”.

Limca Sportz turns official sports drink for ICC Men’s Cricket World Cup

Limca Sportz has also partnered with 60+ colleges across the country encouraging youth to unleash their inner fitness enthusiast. This will bring together colleges taking the Limca Sportz Yo-Yo Test challenge. The winning teams will get exclusive tickets to watch a World Cup Match. Limca Sportz will enable rehydration during these fitness tests.

Limca Sportz conveys a message of #RukMat (never stop). The campaign revolves around the pack and is supported by multimedia communication, an online platform experience & on ground activations.

#BlastFromThePast: Rephrase.AI’s Jay Morzaria’s all-time favourite ads are…

The 80s were the time when the Cola wars had begun. And since then, Pepsi has remained a huge spender in terms of getting some of the most popular faces as brand ambassadors. In this one, they got the 80s poster boy, Michael J. Fox, trying desperately to score points with a beautiful neighbour who has just moved in. (Stills from the ads)

For Jay Morzaria, creative head, Rephrase.AI, the ‘Got Milk’ spot, Fevicol’s ‘Dum Laga Ke Haisha’ ad, and Pepsi’s commercial featuring Michael J. Fox, tickle his creative nerves even after so many years.

Gameskraft case: SC stays Karnataka HC’s judgment quashing Rs 21,000 cr GST notice

Moving on from taxes and revenues, the report also said that India’s online gamers are expected to grow at a CAGR of 5 percent and reach 53.8 crore by FY28. (Representational image via Unsplash)

In September 2022, a GST intelligence unit issued a show-cause notice to Gameskraft Technology alleging that the company failed to pay Rs 21,000 crore in GST, the biggest such claim in the history of indirect taxation.

Way2News appoints Abhishek Jaggi as national sales head

Before joining Way2News, Abhishek Jaggi held the role of national head lead at MX Player (OTT), where he led and managed national sales efforts for MX Player and MX Takatak. With a career spanning more than 15 years, he has held positions at renowned media giants such as Zee Entertainment Enterprise, Viacom 18, and Radio Mirchi.

In his new role, Abhishek Jaggi will oversee the promotion and monetization of Way2News’ premium language inventory, while leveraging regional opportunities to enhance brand storytelling and venture into a fresh realm of advertising.