How it Works – Page 131

Explained: What is a data clean room?

These findings come on the heels of HCLTech's strategic brand transformation efforts initiated 15 months ago. (Representative image by Kelvin Han via Unsplash)

In the most basic sense, all web browsers and big tech companies such as Google, Microsoft, Meta and Amazon and advertisers share data obtained from customers with each other via safe spaces known as data clean rooms.

Esports businesses clarify: 28% GST applies only to real-money gaming, not esports

India's sizable youth population is identified as a driving force behind the gaming sector's growth, with India and China collectively contributing to 50% of the world's data traffic.(Representative Image: Onur Binay via Unsplash)

The esports industry is expected to grow over fourfold from Rs 250 crore in 2021 to Rs 1,100 crore by 2025.

Indian Super League media rights tender up for grabs: Who are the leading contenders?

For the first time, ISL has floated an invitation to tender for the media rights for its tenth edition. (Representative Image: The Aztec Soccer Ball by Chaos Soccer Gear via Unsplash)

ISL, backed by the All India Football Federation (AIFF), is jointly owned by Reliance Industries Ltd (65%) and Disney Star (35%).

Nestle net profit jumps 37% to Rs 698.34 crore, revenue up 15%

Coffee prices continue to be volatile and are historically high due to limited availability.

The company registered a total revenue of Rs 4,658.53 crore, which is an uptick of around 15.14 percent.

Meta inks MoU with Indian govt to partner on AI, emerging technologies

Meta also rolled out reels on Facebook in 2022, allowing users to create and watch videos clips from creators. One could also view public reels from Instagram, if the creator chooses to recommend it on Facebook. (Image source: Unsplash)

India’s official AI programme and Meta may also consider establishing a Centre of Excellence to nurture the AI startup ecosystem in the country.

Elon Musk’s X Corp offers discounted ad rates to lure brands

The memo signed by Elon Musk reads, "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle."

X is offering discounted ad rates on video ads which appear next to a list of popular topics in the Explore tab.

India’s largest paint manufacturer is gearing up for a colourful festive season

Grasim had previously committed an investment of Rs.10,000 crore towards setting up the paints business. (Image sourced from Moneyconrol)

A delayed festive season due to Adhik Maas, is generally considered better for paint companies, as the window to paint before festive season is longer.

Coca-Cola Q2 Earnings: India emerged as key growth driver in APAC region

The net operating revenue of the company stood at $10,849 million in Q4 FY23, up by 7% from the same quarter previous fiscal when it was $10,125 million. (Representative Image: Soheb Zaidi via Unsplash)

Developing and emerging markets remained even, with growth in India and Brazil offset by the suspension of business in Russia in 2022 and a decline in Pakistan.

GST Council likely to meet on August 2 to discuss online gaming tax treatment, law changes

The bench comprising Justices Surya Kant and KV Viswanahan has informed the Ajit Pawar Group that serious action will be taken if the order wasn’t obeyed.

The GST Council has no plans to reconsider its decision to impose 28 percent tax on online gaming, as per sources.

Disney seeks alternatives to television business; merger best bet, say experts

According to Kritika Seth, founding partner at another full-service law firm, Victoriam Legalis, the Companies Act, 2013, Competition Act, 2002 and Foreign Investment Regulations, will determine the legal framework of any merger or sale related developments for Star India. (Image source: Moneycontrol)

The ongoing shift in consumer preferences towards digital streaming platforms and the rise of online content consumption have disrupted the traditional TV business model for Disney.