Month: March 2024

Supreme Court stays govt’s fact-check unit notification; Court cites “freedom of speech”

The Government of India had on March 20 notified Fact Check Unit (FCU) under the Press Information Bureau (PIB) of the Ministry of Information and Broadcasting (MIB) as the fact check unit of the Central Government. (Image source: Unsplash)

The order came a day after the ministry of electronics and information technology notified the fact-checking unit after the Bombay High Court refused a stay on it.

Visa CEO highlights UPI’s opportunity for collaboration and growth in India’s fintech scene

In the financial year 2023, Visa's network facilitated payments amounting to $15 trillion and processed 276 billion transactions across 200 countries. India stands out as a pivotal strategic market for Visa, and beyond its headquarters in the United States, India hosts the second-largest employee base for this prominent card network corporation. (Image source: Moneycontrol)

Visa’s CEO praises Indian fintechs for driving financial inclusion with QR payments, and highlights global potential of India stack.

Apple – US antitrust lawsuit: Regulators accused iPhone-maker of monopolizing smartphone markets, “unlawful exclusionary behaviour”

FT carried Apple's statement that said, "This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets,” it said. “If successful, it would hinder our ability to create the kind of technology people expect from Apple — where hardware, software and services intersect. It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology.” (Image source: Unsplash)

After antitrust lawsuits against Alphabet’s, Google, Meta Platforms and Amazon.com, US lawmakers have accused Apple of monopolizing smartphone markets.

IPL 2024: Hindware partners with RCB and Punjab Kings as an associate sponsor

Hindware extends its association as the associate sponsor for Royal Challengers Bengaluru (RCB) for the second consecutive year. In addition, Hindware solidifies its longstanding partnership with Punjab Kings for the third consecutive year as a sponsor.

The recent unveiling of the Royal Challengers Bengaluru jersey showcased Hindware’s placement on the non-leading arm of the players. The Hindware logo will adorn the helmets and caps of the Punjab Kings players.

Ad body ASCI to help advertisers get ready for digital data protection law

The White Paper also encapsulates insights on this complex issue, gathered from a cross-section of businesses across sectors including organizations such as HUL, Google, Dream11, Pepsico, MakeMyTrip, White Rivers Media, Pidilite, UB and Leadsquared.

ASCI has released a whitepaper in collaboration with legal firm Lexplosion to empower stakeholders with actionable knowledge to thrive in the evolving digital landscape.

MIB advisory urges celebs and influencers to abstain from promoting offshore online betting and gambling on social media

Online advertisement intermediaries are also advised not to target such content towards Indian audience(Representative Image: Markus Spiske via Unsplash)

Failure to comply may lead to proceedings under the provisions of Consumer Protection Act, 2019, removal/disabling of social media posts/accounts where such promotional content/advertisements/endorsements are being published, and penal action under the applicable statutes.

Centuary Mattress joins Sunrisers Hyderabad as official sleep sponsor for Tata IPL 2024

As part of the sponsorship agreement contract, the Centuary Mattress logo will be prominently displayed on the leading leg of the player’s trousers.

Centuary mattress also commands a solid market share across Andhra Pradesh and Telangana region. As a brand that is deeply rooted in Hyderabad, this partnership will help Centuary in further strengthening its presence in the Deccan community while also enhancing its brand visibility on a national scale.

How Unilever Wife Madhabi Puri Buch is applying FMCG Giant’s strategy on Indian stock markets

Buch highlighted the collaborative efforts between SEBI and the financial industry to explore sachetisation strategies for mutual funds. She pointed out that while the industry currently deems a Rs. 500 monthly SIP (Systematic Investment Plan) as profitable, there is a need to make smaller denominations, such as Rs. 100 or Rs. 250, economically viable. (Image source: Moneycontrol)

SEBI Chairperson, Madhabi Puri Buch, delivered a compelling speech at News18’s Rising Bharat Summit 2024, emphasising the transformative potential of sachetisation in financial products, drawing parallels to the success of the sachet model in the shampoo market.