Month: February 2024

RK Swamy Limited to announce price band for upcoming IPO

Ahead of the IPO, the company raised Rs 187.22 crore through its anchor book on March 1. Nippon Life India was the largest institutional investor in the anchor book, picking Rs 50.03 crore worth of shares followed by Aditya Birla Sun Life Insurance Company, which bought Rs 20 crore worth of shares.

The company is the first integrated marketing service group to go public in India.

AI-led disinformation, Elections: Meta to set up a task force to combat misinformation

Meta also rolled out reels on Facebook in 2022, allowing users to create and watch videos clips from creators. One could also view public reels from Instagram, if the creator chooses to recommend it on Facebook. (Image source: Unsplash)

Meta has also launched a safety campaign ‘Know What’s Real’, in India, to tackle the issue of misinformation online.

Sony to lay off 900 PlayStation employees: Reports

In January 2024, the two-year long saga of the Zee and Sony merger ended with the collapse of the $10 billion media merger, triggering legal actions from both parties on various issues including merger termination fees. (Image source: Unsplash)

Impacted employees will be provided severance benefits, said CEO Jim Ryan in an internal mail announcing the development.

Elections 2024: Meta’s awareness campaign ‘Know What’s Real’ to tackle misinformation in India

The 'Know What's Real' initiative, spanning eight weeks, is geared towards educating users on identifying and addressing misinformation prevalent on WhatsApp and Instagram. By promoting digital best practices and showcasing available safety tools, Meta hopes to empower its user base in navigating the complex landscape of online information. (Image source: CNBC-TV18)

Meta is also part of the several big tech firms globally who have pledged to help prevent deceptive AI content from interfering with this year’s global elections.

Patanjali Foods on Supreme Court ad ban: ‘SC observations won’t affect business operations’

The Centre's affidavit also highlights facets of the existing policies that promote an integrative healthcare system with integration of both Ayush and allopathy.

“The entire country is being taken for a ride” and the government is “sitting with its eyes closed”, said Justice Ahsanuddin Amanullah, as the Supreme Court issued a show-cause notice to Patanjali Ayurved for going back on its promise to not make misleading claims in its medicine ads.

ZEE Entertainment expands the scope of Independent Committee to investigate allegations

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 Independent Investigation Committee will be chaired by Justice Satish Chandra and comprise of ZEE’s independent directors, Uttam Prakash Agarwal and P.V.R Murthy.

DPIIT’s Rajesh Kumar Singh: This year we will most likely be granting one lakh plus patents

Rajesh Kumar Singh, secretary, Department for Promotion Of Industry And Internal Trade (DPIIT), Ministry Of Commerce And Industry, Government Of India spoke of two sets of funding windows: the Seed Fund Scheme for early stage start-ups, and the Fund Scheme which is channelized through the Small Industry Development Bank of India (SIDBI) that leverages about Rs. 10,000 crores of government funding to various alternative investment funds (AIFs), to support startups that are already established.

At the India Digital Summit (IDS) 2024, Rajesh Kumar Singh, secretary, Department for Promotion Of Industry And Internal Trade (DPIIT), Ministry Of Commerce And Industry, Government Of India in a fireside chat with Prateek Maheshwari, co-chair, India Edtech Consortium and Co-founder, Physics Wallah, touched upon the government’s investment in digital and physical infrastructure, their plans to boost investments in the startup ecosystem and a lot more.

PM Modi launches #MeraPehlaVoteDeshKeLiye campaign to encourage young voters

In a statement on X, Prime Minister Modi expressed his excitement about the awards, saying, "At 10:30 AM tomorrow, 8th March, I will be presenting the first ever National Creators Award. These Awards are a celebration of innovation, creativity and the remarkable spirit of the creator's community." (Image taken from @narendramodi via Twitter)

The Prime Minister has also issued an appeal to influencers across platforms to actively engage in the campaign.

SC imposes ad ban on Baba Ramdev’s Patanjali Ayurved; slammed for flouting orders against misleading ads

“The entire country is taken for a ride!,” and the government is "sitting with its eyes closed,” Justice Ahsanuddin Amanullah said. (Image source: YouTube)

“The entire country is being taken for a ride” and the government is “sitting with its eyes closed”: The Supreme Court issued a show-cause notice to Patanjali Ayurved for going back on its promise to not make misleading claims in its ads.