Month: July 2023

TRAI and C-DoT collaborate for telecom development, signs MoU

Caratlane had reported turnover of Rs 2,177 crore in Financial Year 2023 against Rs 1,267 crore in Financial year 2022.(Representational image by Chris Liverani via Unsplash)

The MoU enables TRAICSR and C-DoT to work together on developing telecommunications in India.

MIB secretary Apurva Chandra gets additional charge of telecommunications

Chandra said the government received six to seven applications from producers to film in the country under the incentive scheme but expressed displeasure that the initiative was not known to those in the animation and visual effects industry.

Apurva Chandra, assumed charge as Secretary in the Ministry of Information and Broadcasting in August 2021.

IPL likely to surpass EPL to become most popular sporting event worldwide: Wavemaker

The buzz score for IPL 2023 season 16 reached 484 million, surpassing the 334 million in IPL 2022. The primary reason for this surge was the emergence of several new players who showcased their talents, delivering match-winning performances and leaving a lasting impact. (Image by @CricCrazyJohns via Twitter)

According to the report, Jio emerged as the most visible principal sponsor followed by Gulf, Slice and Happilo.

The Cinematograph (Amendment Bill) 2023 passed in the Lok Sabha

The bench comprising Justices Surya Kant and KV Viswanahan has informed the Ajit Pawar Group that serious action will be taken if the order wasn’t obeyed.

After the successful passage of The Cinematograph (Amendment Bill) 2023 in the Rajya Sabha, the bill also got passed in the Lok Sabha.

India’s proposed 28% GST on online gaming among the highest in the world

Moving on from taxes and revenues, the report also said that India’s online gamers are expected to grow at a CAGR of 5 percent and reach 53.8 crore by FY28. (Representational image via Unsplash)

Most countries tax online gaming below 20 percent; the proposed rate may push players to the illegal market, says a report. The UK, for instance, follows a rake fee based model taxed at 21 percent. Pennsylvania, US, also follows the same model and the taxes are 14 percent on online poker and 15 percent on fantasy games. Belgium, Denmark, Sweden and Germany also follow the rake fee based model and are taxed between 11 percent and 19 percent. Countries like South Africa, Singapore and Australia that levy taxes on deposits have tax rates between 7 percent and 15 percent. All less than India.

D2C firm The Sleep Company appoints Ripal Chopda as CMO

Chopda will be responsible for overseeing all marketing endeavors, strengthening the brand's market presence, and implementing robust marketing strategies that resonate with the target audience.

Chopda joins the company from Vini Cosmetics where he was serving as the category director.