Quantum Brief – Page 55

Zee promoters eye increased shareholding amidst merger fallout

ZEE Media, through IDPL, to invest in NewsReach which calls itself a "PR solution platform provider connecting advertisers to their target audience."

Zee promoters are working on getting the family to invest more in the company and not looking at raising funds externally to reclaim their 26 percent stake.

AI threat: Taylor Swift fans trended #ProtectTaylorSwift as explicit deepfakes spark outrage on X

A source close to Taylor Swift told the Daily Mail, "Whether or not legal action will be taken is being decided, but there is one thing that is clear: these fake AI-generated images are abusive, offensive, exploitative, and done without Taylor's consent and/or knowledge." (Image sourced via Forbes)

Taylor Swift is considering legal action against a deepfake porn website responsible for circulating explicit AI-generated images of the artist.

Elon Musk’s xAI aims for $6 billion investment: talks with global investors

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."

Elon Musk’s artificial intelligence startup, xAI, is in talks with global investors to secure a significant $6 billion investment.

OLA Cabs CEO Hemant Bakshi moonlighting as a cab driver to understand customer expectations

During a media briefing on January 25, Hemant Bakshi stated that he offers ride-hailing service at night to gain firsthand experience and better understanding of customer requirements.

The former Unilever executive has stated that he drives around the city at night to gain an insight on customer experience and expectations.

Celebrating India’s wonders: National Tourism Day 2024 highlighted heritage, history, and eco-conscious travel

National Tourism Day is celebrated to create awareness among the public regarding the social, political, cultural, and financial impact of the government. (Representative image by John Thomas via Unsplash)

India celebrated its National Tourism Day by launching Bharat Parv 2024 under the #DekhoApnaDesh initiative, promoting eco-friendly exploration of the country’s rich cultural heritage and historical treasures.

McDonald’s India chooses sustainability; repurposes OOH campaign material to make school bags

McDonald’s India North and East is creating out-of-home advertising and recognises that billboard vinyl, which is made of non-biodegradable polymers, contributes significantly to plastic waste.

By partnering with the NGO Child Survival India, McDonald’s has distributed over 2000 upcycled bags to children aged 5 to 18 years.

75th Republic Day: Swiggy becomes first food delivery platform to reach Lakshadweep

Swiggy’s arrival opens new avenues for local businesses to thrive and for visitors to explore local flavours.

Swiggy will be introducing the convenience of food delivery to the locals while also ensuring tourists can experience food from the best local restaurants.

There is a reason why global brands are always interested in us: Punit Goenka

In its suit filed in Delhi Sessions Court, ZEE had argued that the article published on 21st February 2024 by Bloomberg, was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company. (Image source: Moneycontrol)

Zee MD and CEO, addresses employees, reinforces the strong business fundamentals of the company.

Walt Disney Co.’s India unit valued at $4.5 billion in Reliance merger

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)

The current valuation at over $4.5 billion is significantly below Disney’s initial expectation of $10 billion.

Punit Goenka was worried Sony would start a witch hunt against him: Report

In line with his strategic plan focused towards achieving the targeted goals, ZEE's MD and CEO Punit Goenka proposed the implementation of a lean and streamlined management structure to the Board on April 5. The streamlining process included rationalisation of the workforce by 15 percent.

Sony was already a little wary of Goenka considering the accusation made on him for financial impropriety by the Securities and Exchange Board of India (SEBI), and Goenka was worried that Sony would start a witch hunt against him once the merger was complete, and they had access to Zee’s library of local entertainment content.