February 2024 – Page 41

10 foreign airlines sent summons by DGGI over GST evasion

The investigation is being carried out by DGGI Meerut and Mumbai. Furthermore, these airlines have been under scanner since October 2023. (Representational Image)

As per reports, the airlines that have received summons include Indian offices of British Airways, Lufthansa (German Airlines), Singapore Airlines, Etihad Airways, Thai Airways, Qatar Airways, Saudi Arabia Airlines, Emirates, Oman Airlines and Air Arabia.

U.S Department of Justice to review terms of Walt Disney, Fox and Warner Bros Discovery’s new video streaming platform

The regulator has asked them to credit the money received for investment advisory services and has banned them from the securities market until further orders. (Representative Image: Tingey Injury Law Firm via Unsplash)

The department is concerned that this platform could harm consumers, sports leagues and rival streaming platforms.

The inside story: Digging deeper into Nykaa’s Nykd with Preeti Gupta

Preeti Gupta, Business Head, Nykd by Nykaa

Preeti Gupta, Business Head, Nykd by Nykaa , discusses how Nykd has been blending technically strong products and solving women’s everyday challenges, and appealing to all body types and age groups.

What is OpenAI’s new text-to-video AI model – Sora all about?

Think of GPT models that generate text based on words. Sora does something similar, but with images and videos. It breaks down videos into smaller pieces called patches. (Image source: Moneycontrol)

In a blog post, OpenAI stated, “Sora can generate videos up to a minute long while maintaining visual quality and adherence to the user’s prompt.”

HMD elevates Tathagat Jena as head of marketing, DTC & Online Biz Head, India and APAC

Tathagat Jena started his career as a management trainee at McCann Ericson, MAA Bozell India, Maxicare Creative Concepts, Lowe Lintas, Ogilvy & Mather, Leo Burnett, The Spa Group, Samsung Electronics and Transsion infinix.

Tathagat Jena was the head of marketing at HMD Global.

Layoffs at the Big Swoosh: Nike slashes 2 percent of global workforce; 1600 jobs

In the third quarter, Nike had announced that it would incur about $400 million to $450 million in employee severance costs. According to a company filing, as per March 31, 2023, Nike had 83,700 employees. (Image source: Unsplash)

Due to weaker profits this year, the sports giant has initiated cost cutting measures.

Gaurav Gokhale to become head of special projects – digital, at JioCinema

At Endemol Shine India, Gaurav Gokhale built a strong team of fiction and non-fiction professionals across creative, commercial and production functions. (Image source: Official website)

Previously, Gaurav Gokhale was the chief operating officer at Endemol Shine India.

Headphones, rings, men’s t-shirts, stuffed toys among top products sold on Valentine’s Day: Flipkart

Sharing the screenshot of a conversation between a customer care executive and the anonymous customer, Blinkit stated how they had to decline the unique request. (Image source: Unsplash)

Flipkart also launched its Valentine’s Day campaign, ‘Your Wingman, This Valentine’s’ to strengthen its position as the one-stop destination for every shopping occasion.

Will AI be the end of creativity?

Google's AI head Jeff Dean and former YouTube CEO Susan Wojcicki have also backed the company in a personal capacity. (Representative Image: Steve Johnson via Unsplash)

Biases inherent in AI training data pose a significant concern, writes Fractal’s Bhaskar Roy.

CTV advertising up from Rs 450 crore to Rs 1,000 crore in 2023: Reports

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)

According to the Madison report, the dramatic drop in prices of analogue TV sets and the availability of broadband at low prices has increased CTV population and made CTV find favour with advertisers.