How it Works – Page 29

Zee-Sony merger: Will SEBI’s new revelations impact March 12 NCLT hearing?

The NCLAT will be hearing a challenge to the Zee-Sony merger on May 17. (Source: Moneycontrol)

While there is no confirmation from the regulatory body on reports alleging discrepancies to the tune of $241 million in Zee accounts, stakeholders wonder if it will have any bearing on the critical March 12 NCLT hearing.

India pioneering global framework on Gen AI: Rajeev Chandrasekhar

Chandrasekhar said there was a need to remove ambiguity in the use of Gen AI, seeking more clarity and adherence to ethics while stressing on the need to ensure a safe AI. (Image source: News18)

Citing Prime Minister Narendra Modi’s vision, the minister of state said India would have innovation and research centres for AI that would be funded by the government.

India’s audio series landscape to grow from 350 mn users in 2023 to 540 mn users by 2027

Over the last 2 years, adoption of audio series accelerated across developed and emerging market, led by India and US.(Representative Image: Pawel Czerwinski via Unsplash)

The paid user base of Audio platforms is currently at 10-11 percent with micropayments facilities making content consumption affordable.

Indian Internet user base touched 881.25 million in March 2023: TRAI

Driving this growth is the surge in broadband Except Haryana, Kerala, J & K and Kolkata, all other service areas have showed growth in their wireless subscribers during the month of February-24. (Representative Image: David Arrowsmith via Unsplash)

Broadband subscriptions also grew. It touched 846.57 million in March 2023, compared to 788.29 million in 2022.

The reports and rumours pertaining to accounting issues in the Company are incorrect and false: ZEE

According to ZEE MD and CEO, Punit Goenka their plan is now be centred around three key aspects. These included frugality, optimisation and sharp focus on quality content.(Image source: Moneycontrol)

As per Bloomberg reports, SEBI has discovered a discrepancy of over $240 million in the accounts of Zee Entertainment Enterprises Ltd.

FM Radio ad revenue jumps 26 percent in 2022-23 to touch Rs 1547.13 crore: TRAI

Another area of growth in the radio landscape is the expansion in the number of Community Radio Stations (CRS) in the country. (Image source: Unsplash)

The reported advertisement revenues by the private FM Radio broadcasters have 3 3 increased from Rs 1227.15 crore in the year 2021-22 to Rs 1547.13 crore in the year 2022-23.

Television revenue in India dropped from Rs 72,000 crore to Rs 70,900 crore in 2022: TRAI

Online and OOH have fallen compared to their 2023 levels, offsetting rising TV inflation. (Image source: Moneycontrol)

These numbers suggest a shift in consumer behaviour and potential opportunities for ad-supported models in the Indian television landscape.

The wait is over. Visionaries – Bengaluru Edition is here!

The Visionaries programme for CXOs and executives provides an unparalleled view and deep insights into how the best and brightest function in complex times.

After the stellar success of the first edition, Storyboard18’s Visionaries initiative goes to the innovation capital of India, Bengaluru. Celebrate the leaders, innovators and growth drivers on February 28.

HC rejects Reebok’s plea seeking conversion to Limited Liability Company

The Registrar further said that various prosecutions have been filed by the Serious Fraud Investigation Organization (SFIO) against Reebok for offences under the Companies Act and the Indian Penal Code (IPC). (Image source: Unsplash)

The Delhi High Court upheld the RoC’s rejection of Reebok India’s conversion to Limited Liability Company.

Layoffs: Nokia India to cut 250 jobs as part of cost-cutting exercise and restructuring plan in India

In October 2023, Nokia had decided to reduce its cost base and increase operational efficiency and the programme is expected to lead to a 72,000 – 77,000 employee organisation compared to the 86,000 employees. (Image source: Moneycontrol)

The company also announced Tarun Chhabra as the new Country Manager for India. Chhabra will be replacing Sanjay Malik who is to retire on March 31.