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Budget 2024: Huge potential with 28% GST on online gaming, says Revenue Secretary

The United States has the most LinkedIn members, followed by India and China. According to the research group Insider Intelligence, LinkedIn's annual advertising revenue increased to nearly $4 billion in 2023, up 10.1 percent. (Image source: Unsplash)

Revenue Secretary Malhotra, in a post-Budget interview with CNBC-TV18, said the government saw a sixfold surge in revenue after the implementation of 28% GST on online gaming platforms from October 1, 2023.

DEI, efficient shopping and sustainability; What does Genz want from brands?

Consumers are becoming more aware of the impact of their spending decisions, with 70 percent believing they can "vote with their dollars" by supporting brands that show good citizenship and Supporting small business owners. (Representative Image: Hanson Lu via Unsplash)

In the ever-evolving landscape of consumer trust and brands, Gen Z’s priorities become pivotal for brands seeking to navigate the intricacies of trust-building in today’s dynamic market.

Pranjal Kamra: With the election of the new government, the old tax regime should merge into the new tax regime

Pranjal Kamra, CEO, Finology Ventures, stated, "I think there should be some formal regulation for finfluencers because we need to understand the intent behind the RIA regulation. When they came in 2013, it was to actually regulate the mode through which advice was rendered back then. Back then, the primary mode was websites and physical consultations."

Pranjal Kamra, CEO, Finology Ventures, feels that if the new tax regime was meant to simplify the complications of the old tax regime, that has not happened and on the contrary, has complicated things more.

CAIT applauds RBI regulatory vigilance by imposing restrictions on Paytm

However, the company was able to bring down its losses to Rs 1,775 crore in the fiscal from Rs 2,396 crore. (Image source: Moneycontrol)

The traders association’s Secretary General Praveen Khandelwal said that RBI’s action demonstrates commitment to upholding regulatory standards and ensuring accountability within the fintech ecosystem.

YouTube Music and Premium surpasses 100 million subscribers

YouTube only allow third-party apps to use their API when they follow their 'API Services Terms of Service', and when they find an app that violates these terms, they take appropriate action to protect the platform, creators, and viewers. (Image source: Moneycontrol)

This offering was designed for music lovers and YouTube fans who wanted more choice in how they spent time on YouTube, allowing them to enjoy YouTube without interruptions, background play and downloads, and a full music service with the world’s largest catalog.

Harsh Goenka on FM’s Budget 2024 speech: “Recipe for sukh, shaanti aur aaRAM! Jai shree RAM!”

The budget makes a strong case for environmental sustainability, aligning with our Net Zero commitment. Viability gap funding for investments in renewable energy, green initiatives, and sustainable urban planning demonstrates our proactive stance on climate change. (Image source: Moneycontrol)

“Targeting structural issues of fiscal prudence, infrastructure and inclusion – no dRAMa, no RAMbling, clearly setting the country’s direction for growth,” said Harsh Goenka on Budget 2024 speech by FM Nirmala Sitharaman.

Cadbury-maker Mondelez records rise in fourth quarter sales

The company recorded an overall volume decline of 0.4 pp in the quarter, joining other consumer staples firms such as McCormick in facing the brunt of significant price increases. (Image source: Moneycontrol)

While price hikes have led to Mondelez improve its profit margin through fiscal 2023, it is now starting to see softer demand as cash-strapped consumers cut back spending.

Meta’s ad revenue surged 24 percent YoY; touches $38.7 bn in Q4

Facebook daily active users were 2.11 billion on average for December 2023, an increase of 6 percent YoY and monthly active users (MAUs) were 3.07 billion as of December 31, 2023, an increase of 3 percent YoY. (Image sourced from Moneycontrol)

In the fourth quarter of 2023, ad impressions delivered across Meta’s Family of Apps increased by 21 percent YoY and the average price per ad increased by 2 percent YoY.

Big Tech Layoffs: Google spent $700 million in compensating laid-off employees

Financial Times reported on Google’s possible revenue shake-up, stating, "Google is looking at options including adding certain AI-powered search features to its premium subscription services, which already offer access to its new Gemini AI assistant in Gmail and Docs, according to three people with knowledge of its plans." (Representative Image: Brett Jordan via Unsplash)

In early January, Google laid off more than 1000 employees and spent $700 million to compensate the laid-off employees.

Trademark Infringement: Delhi High Court imposes a fine of Rs 50,000 on Raashee Fragrances India

The defendant further stated that the consumers would not get confused and would go by the Hindi meaning of the said two words. (Image source: SmokehouseIndia)

Kamal Kant and Company LLP claim that Rashee Fragrances infringed on their trademark ‘Rajshree’ which had been in usage since 1965 in pan masala and related goods business.