Category: How it Works

BCCI to increase retainer fees for players focusing on test and domestic cricket

Currently, a player can make ₹25 lakh if he plays all 10 matches in a Ranji Trophy season. (Representative Image: Alfred Kenneally via Unsplash)

The idea is that a player who plays the whole Ranji Trophy can make around Rs. 75 lakh which is similar to an average IPL contract. Furthermore, players who play all test matches in a year can make around Rs. 15 crores which is at par with marquee IPL contracts.

45 percent marketing leaders plan to invest in GenAI in next 12-24 months: Deloitte

The digital revolution has therefore transformed retail into phygital or omnichannel experiences, disrupting traditional models where brands are using technology to enhance customer experiences and garner greater ROI. (Image source: Unsplash)

As per ‘Future of Retail: Profitable growth through technology and AI’, AI, IoT, mixed reality, and advanced analytics have the potential to streamline operations, personalise experiences, and even redefine our understanding of what shopping means.

Star India and Novi Digital merger hearing postponed by NCLT to March 27

The NCLT on Feb 9, rejected the IPRS’s plea questioned the legality of the arrangement between Star India and Novi Digital Entertainment. (Representative Image: via Unsplash)

Earlier, the hearing had been set to February 21 after the IPRS told the NCLT that its plea against the February 9th order was being held in judgement by the NCLAT.

NBDSA takes action against TV channels for violation of Code of Ethics & Broadcasting Standards

TRAI had floated a pre-consultation paper on 21st September 2023, to highlight the issues which are required to be considered for the formulation of ‘National Broadcasting Policy’.

The body also noticed violations of policies regarding hate speech, running programs with anchors, and reporting of situations without the use of communal narratives.

Meta shuts News tab in US, Australia; won’t renew news deals with publishers

Over the last eight years, Meta says it has rolled out industry-leading transparency tools for ads about elections or politics, developed comprehensive policies to prevent election interference and voter fraud, and built the largest third party fact-checking programme of any social media platform to help combat the spread of misinformation. (Representative Image: Dima Solomin via Unsplash)

Meta said news makes up less than 3 percent of what people around the world see in their Facebook feed. It won’t enter into new commercial deals for traditional news content in these countries, and will not offer new Facebook products specifically for news publishers in the future.

Meta to deprecate Facebook News tab in Australia, the US

The Mark Zuckerberg-led company said the FTC has failed to meet its burden to present evidence establishing a relevant antitrust market and proving that it has included all reasonable substitute services in its market definition. (Representative image by Dima Solomin via Unsplash)

In early April, Meta will deprecate Facebook News, a dedicated tab for news content, in the United States and Australia, after 80 percent drop in users of News tab. News makes up less than 3 percent of what people around the world see in their Facebook feed.

In Pics: Guests arriving at Anant Ambani-Radhika Merchant’s pre-wedding celebrations in Jamnagar

The other attendees are international pop singer Rihanna, Adam Blackstone, multi-instrumentalist and song writer, and J Brown, singer and song writer, among others. (From left to right: Bollywood actor Shah Rukh Khan, Meta's chief executive officer Mark Zuckerberg and international pop singer Rihanna. (Image source: Firstpost)

Notable figures from all walks of life, including business tycoons, singers, actors, and sportspersons are expected to attend the pre-wedding festivities. The guest list includes India’s top billionaires, including Gautam Adani and Sunil Bharti Mittal, mega stars from the film industry such as Amitabh Bachchan and Shah Rukh Khan, and cricket icons from Sachin Tendulkar to MS Dhoni.

Reliance and Disney deal: A media and ad powerhouse emerges in India

According to Elara’s analysis, the merger may result in improved profitability for the combined entity as there may be a reduction in employee cost, production cost and marketing costs on the TV side and content costs, particularly on the OTT side, which could contribute to a more sustainable path to profitability over the medium to long term. (Image source: Moneycontrol)

Post the merger, the combined entity will command a TV, advertisement, TV subscription (excluding distributors/DTH/MSO revenue) and Total TV market share of 40 percent, 44 percent and 42 percent respectively.

Business Acumen is Key to Entrepreneurial Success: Anupam Mittal at the India Digital Summit 2024

In response to a question from the audience about which sectors young entrepreneurs should focus on, Mittal opined “green energy” and “healthcare”.

Speaking to Vivek Bhargava, Co-founder, ProfitWheel, the moderator of the fireside chat, on the impact of technology and AI capabilities on businesses, Mittal said, “I think technology is going to permeate every business. That is crystal clear; zero percent doubt, it already has. And now, AI will permeate every business. This doesn’t mean every business will be an AI business, but every business will have to become AI-enabled at some point.”

Reliance Industries and Disney JV to create media behemoth: 10 big takeaways

According to Elara’s analysis, the merger may result in improved profitability for the combined entity as there may be a reduction in employee cost, production cost and marketing costs on the TV side and content costs, particularly on the OTT side, which could contribute to a more sustainable path to profitability over the medium to long term. (Image source: Moneycontrol)

The joint venture has been valued at Rs 70,352 crore ($8.5 billion). RIL will be injecting Rs 11,500 crore ($1.4 billion) into the venture to support the growth strategy.