February 2024 – Page 53

Punit Goenka says ZEE’s “tightening belt on manpower”, calls for “frugality’; some layoffs likely

The company's focus has been on "frugality", optimization, and quality content, after the ZEE-Sony merger collapsed in January 2024. As part of the restructuring efforts, Goenka streamlined and revamped ZEEL's technology and innovation centre, resulting in a 50 percent reduction in its workforce at the end of March 2024. (Image source: Moneycontrol)

Punit Goenka had said “no layoffs” due to the failed Sony merger, after the deal with Sony crashed in January. Now he warns of some layoffs as Zee revisits plan as standalone entity after Sony terminated the merger

ZEE seeking refund of Rs 69 crore from Star over ICC TV rights agreement violation

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 said that it has communicated to Star, seeking a refund of Rs 68.54 crore paid to Star.

ZEE-Sony merger fallout: Punit Goenka plans to optimise spends, reduce business overlaps

The Board of the Company, chaired by Mr. R. Gopalan, has instituted the required measures, to guide and mentor the management on a regular basis, in order to enable the team to achieve the set goals for the Company

Punit Goenka said ZEEL will take steps to increase value delivery to its advertisers, apart from exploring alternative content monetisation avenues.

ZEE troubles mount; Star India sends letter to Zee alleging breach over ICC cricket TV rights deal

ZEEL pulled out of the deal for broadcasting ICC men’s and under-19 tournaments after Sony refused to go ahead with their $10 billion merger. (Image source: Moneycontrol)

Star alleges non-payment of instalment for ICC sports rights deal; Zee claims Star has not acted as per the agreement.

X will allow ads to run next to selected content creators

X also has plans to add the feature which provides brands the ability to serve ads only to an individual's creators profile. This eliminates the likelihood of the ads appearing next to controversial or unwanted posts, stated a media report.

This move will present flexibility to the advertisers to ensure that their ads don’t run next to controversial or content deemed as offensive.

Consumer posts video of worms found in box of Kellogg’s Chocos

he video has gone viral and has garnered widespread criticism, and also questioned the standards of food safety. (Image source: News18)

The events have garnered widespread criticism.

Mankind Pharma to enter into niche export market

Besides the US, the company also exports to many countries including Sri Lanka, Nepal, Chile, and Kenya among others. (Image sourced via Forbes India)

Mankind Pharma’s Vice Chairman, Rajeev Juneja said the firm is determined to venture into the export market with niche products — any product that is complex, difficult to make, and has entry barriers.

Zee Entertainment clocks 140 percent surge in profits in FY24

According to ZEE MD and CEO, Punit Goenka their plan is now be centred around three key aspects. These included frugality, optimisation and sharp focus on quality content.(Image source: Moneycontrol)

The company has recorded a 15 percent rise in income, amounting to Rs 223 crore.

Shah Rukh Khan statement on naval officers’ release from Qatar; denies any role

The Bollywood star’s team issued a public statement soon after the ex-BJP leader’s post went viral. (Image sourced via News18)

Khan has denied any involvement of his with regards to the release of the navy veterans.

‘Surfaces’ will be the next frontier in human device interaction to delight consumers: The BCG Report

S. Krishnan, Secretary MeitY Government of India, will attend the event as the Chief Guest, further emphasising the Government’s support for digital inclusivity initiatives. (Representative Image: Rodion Kutsaiev via Unsplash)

As per the report titled ‘Reimagining Smartphone Experience’, released by The Boston Consulting Group, Surfaces are poised to become the Al powered engine, driving interactions between users and apps, manifesting as a rich, dynamic screen right from the start of a user’s phone journey.