Month: February 2024

Publicis expects organic net revenue grow to 5 percent in 2024; anticipates cuts in traditional marketing

The group will put aside between 700 million and 800 million euros this year for potential mergers and acquisitions to boost its data, tech and AI capabilities, it said. Another 200 million will be earmarked for a planned share buyback.

For the first quarter, the maker of marketing campaigns for the likes of L’Oréal or Walmart anticipates an organic growth within the full-year range.

SoftBank India portfolio valued at nearly $14 billion; Flipkart among top 15 most valued portfolio companies

Contrary to some assumptions, the majority of traffic to MFA sites is legitimate, with real users visiting these pages rather than bots. (Representative Image: Mathieu Stern via Unsplash)

SoftBank also made full exits from Policybazaar and Zomato. It also exited PhonePe which was part of a dividend payout from the Flipkart investment.

Parliamentary Committee asks government for comprehensive act to regulate cable TV industry

The Ministry, in accordance with Regulation 15(1) of the Interconnection Regulation, 2017, mandated that every distributor of channels must conduct an annual audit of their system. (Representative Image: Piotr Cichosz via Unsplash)

According to the panel, one of the biggest concerns of the cable TV industry has been pricing of channels by broadcasters and the negative impact on the cable tv industry.

Modi family inheritance dispute: Samir Modi wishes to keep ownership of flagship company Godfrey Philips

According to sources, the trust deed proposed that KK Modi's wife and three children share the inheritance equally.(Image sourced via Forbes India)

Bina Modi, the current CEO of Godfrey Phillips, is at the center of the dispute, with Samir alleging that she has taken control of the company in violation of the trust deed’s provisions.

Aviation passenger traffic recovered to 96 percent during 2022-23

Before 2014, there were 74 scheduled operational airports in country and as on date there are 149 operational airports in the country. (Representative image by Artturi Jalli via Unsplash)

In the last twelve months, two greenfield airports namely, Rajkot in Gujarat and Shivamogga in Karnataka have been operationalised. In addition, new terminals buildings at Trichy, Ayodhya, Surat, Chennai, Tezu, Kanpur and Port Blair airports have been developed.

200 percent increase in smart home devices connected to Alexa in India in the last three years

Smart home brands in India have been innovating to launch locally relevant smart devices such as tube lights, ceiling fans, IR blasters, and smart strips that cater to Indian home environments.

With a rise in connected devices in last three years, there is also a 100% increase in requests to Alexa for controlling compatible smart home appliances such as smart lights, plugs, fans, TVs, security cameras, ACs, water heaters, and air purifiers.

BCCI approaches Supreme Court for opinion on taxability of media rights

Last year, the Bombay High Court directed the BCCI to seek the opinion of the Supreme Court regarding the issue (Image source (from left to right): Moneycontrol and Unsplash)

BCCI is of the opinion that their sale of media rights do not fall under ‘franchise services’ and hence they are not liable to pay service tax.