Quantum Brief – Page 2

Government considers new AI legislation to safeguard news publishers’ rights

Publishers across board and the Digital News Publishers Association (DNPA) has been in constant dialogue with the Ministry of Electronics and Information Technology to push for introducing changes in the amendment to existing IT rules. (Image source: Moneycontrol)

Union Minister Ashwini Vaishnav proposes balanced approach for security and equity in AI legislation, consultations are underway.

NCLAT to rule on Zee-Sony merger challenges on April 15

On January 22, Sony terminated the proposed $10 billion merger with Zee first announced in December 2021 (Image source: Moneycontrol)

On August 10, the Mumbai bench of NCLT approved the merger between ZEEL and Sony which eventually got called off in January 2024.

ZEE’s Punit Misra quits; second big head rolls after Rahul Johri

Punit Misra oversees content for both the TV network of ZEE as well as its digital offering ZEE5, both domestically and globally. He also manages ZEEL’s international business spanning 190 countries.

After Punit Goenka’s 20 percent salary cut, the other big head of Punit Misra rolls.

TRAI seeks public input on auctioning new spectrum bands for mobile services

The framework provides for using cross-sector cooperation in carrying out RS testing with the help of other ministries and agencies.(Image source: News18)

This feedback will help TRAI formulate recommendations on factors like reserve price, band plan, quantum of spectrum to be auctioned, block size, and other auction conditions specific to these new bands.

Centre Court Capital announces Rs350 crore sports tech and gaming VC fund in India

The fund is aimed at backing founders bringing in innovative tech and pushing the boundaries of the sports and gaming ecosystem.(Representative Image: Markus Winkler via Unsplash)

Founded by former JSW Sports CEO, Mustafa Ghouse and anchored by Parth Jindal, the fund has raised Rs 200 crore to date.

Maruti Suzuki crosses 30 million production milestone, fastest among Suzuki’s facilities

The company said that it commenced exporting operations in 1987 and currently accounts for approximately 40 percent of India's total vehicle exports. (Representative Image: Adrian Balasoiu via Unsplash)

Maruti Suzuki’s Indian operations reached a milestone faster than any other Suzuki production base, achieving it in just 40 years and 4 months.

Dabur investing behind brands, distribution expansion, manufacturing cap

Dabur's consolidated revenue is expected to register mid-single digit growth during Q4 FY24. (Representative Image: Mathieu Stern via Unsplash)

During FY 2022-23, Dabur recorded consolidated revenue, from operations of Rs 11,530 crore and consolidated profit after tax of Rs 1,707 crore.

Bob Iger wins shareholder vote, but Disney’s future still uncertain: Successor search and box office woes linger

The biggest concern for the entertainment giant is to figure out Iger’s succession plan. Iger has already extended his tenure by almost two decades.

While Iger has won the shareholder battle, Disney’s challenges still remain. Some of these would be reviving the movie business, finding Iger’s successor, and navigating the complexities of streaming profitability and ESPN’s online transformation.

Delhi HC slaps Google with Rs 1 lakh fine. Find out why

The court imposed a Rs 1 lakh fine on Google for providing inaccurate information and failing to disclose details about the European Patent Office's rejection of the patent application. (Representative Image: Lauren Edvalson via Unsplash)

Dismissing Google’s appeal against the refusal of the grant of a patent by the Assistant Controller of Patents and Designs in 2019, the Court imposed Rs 1 lakh costs on Google LLC.

IPL 17 kicks off with 4 percent surge in TV ad volume over first 7 matches

The Indian Premier League (IPL) 2024 is expected to witness a wide range of brands participating in the tournament, with a mix of large and growing brands. The Tata Group has secured the title sponsorship rights for this season of Indian Premier League (IPL). (Image source: @IPL via X)

As per latest TAM data, Dream11’s parent company, Sporta Technologies is the top advertiser for the first seven matches of IPL 17, contributing close to 11 percent of ad volume.