February 2024 – Page 33

Zee starts appraisals on time, but hiring tightens as cost cuts loom: Job security in question?

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

In spite of the no layoff promise in January, on February 13 when ZEEL announced its Q3 FY24 results, it also said they were strategically reassessing overall cost structure. This initiative spans key areas such as technology, content, marketing, and personnel.

PhonePe’s founder and CEO Sameer Nigam expects a good share of it’s rivals customers onboard

PhonePe’s founder and CEO Sameer Nigam (Image source: Moneycontrol)

While he didn’t mention the big rival’s name, he was alluding to the ongoing Paytm regulatory fallout with the Reserve Bank of India.

IPL sponsorships heat up: Dream11, Mastercard, Saudi Tourism, vie for sponsorship rights

Currently, the brand is present across 120+ cities in India..(Image source: @IPL via X)

The IPL sponsorship game is heating up as nine companies seem to be vying for sponsorship rights for one the world’s biggest sports leagues.

India aims to attract key component players from China, South Korea, Taiwan and US

In a letter to the ministry on February 6, Xiaomi said that the Indian government needs to work on "confidence-building" measures to encourage component suppliers to set up operations locally. (Image source: Moneycontrol)

The government’s goal is to bring a substantial portion of components for mobile handsets to India with the help of the new PLI scheme, which will likely have an outlay of around Rs 20,000 crore

DD Free Dish e-auction kicks off: MPEG-2 slots up for bidding, pubcaster secures Rs 40+ crore on day one

As per sources close to the development although TAM has applied for the license, it is unlikely that any permissions will be granted or considered before the conclusion of the Lok Sabha elections in June 2024. (Image source: Unsplash)

The reserve prices for round one of the buckets are between Rs 3 crore and Rs15 crore.

Cleartrip’s Ayyappan R to exit the Flipkart-owned firm?

Ayyappan R was also responsible for overseeing and driving the travel players' brand initiatives.

Flipkart’s churn is expected to see the exit of senior VPs like Ayyappan and others.

Meta doubles down on WhatsApp Business in India

While conversational and generative AI has made a massive movement as an emerging technology, its integration into a platform as widely adopted as WhatsApp could be a pivotal moment for its mainstream adoption. With billions of users already familiar and comfortable with WhatsApp's messaging interface, the barrier to entry for using conversational AI could be significantly lowered. (Representative Image: Dima Solomin via Unsplash)

Around 60 percent of Meta’s users interact with businesses on the messaging app every week.

To save a merger: ZEE and Sony attempt to iron out disagreements?

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

Reports suggest Zee and Sony are attempting to iron out differences to salvage the $10 billion media merger.
It is expected that Zee will communicate its final decision to Sony within the next 24-48 hours, indicating whether they accept all terms and conditions of the agreement.

Mitsubishi to enter Indian automobile car sales market

TVS, which handles Honda cars dealerships in the country, its focus will be how to increase Mitsubishi’s network across India. (Image source: Unsplash)

Mitsubishi, which acquired a 32 percent stake, as per a media report, the company’s investment in India is expected to be between $ 33 million to $ 66 million.