NEWS

Reliance Jio Continues Winning Streak, Adds 4.2 Mn New Subscribers In June 2022

18 Aug’22 ,THURSDAY Bharti Airtel also recorded growth during June 2022, adding 7.9 Lakh new subscribers Vodafone Idea ceded more ground to its rivals, losing 1.8 Mn subscribers in June In terms of market share, Jio had a 36% market share, Airtel’s market share stood at 31.63%, while Vi’s market share was at 22.37% in …

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Digital India Act Will Monitor Social Media, Metaverse, OTT Platforms: Report

17 Aug’22 ,WEDNESDAY The Digital India Act will cover social media and OTT platforms and online apps, along with web3 applications including the metaverse and blockchain Earlier, it was reported that the proposed Digital India Act will oversee laws dealing with cybercrime and ecommerce Ministry of Electronics and IT (MeitY) is working to replace the …

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Led By Flipkart Advertising, Walmart’s Global Ad Business Grows 30% In Q2

17 Aug’22 ,WEDNESDAY Global advertising business grew nearly 30%, led by Walmart Connect in the US and Flipkart advertising: Walmart Impressed by how Flipkart is innovating for customers and driving growth: Walmart CFO Flipkart continues to meet our expectations and the team is gearing up for Big Billion Days: Walmart American retail giant Walmart on …

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GoM On GST Levy On Online Gaming To Submit Report In 1-2 Days: Report

12 Aug’22 ,FRIDAY The GST Council will likely convene in the end of August or early September to discuss the contents of the report The panel had last proposed levying 28% GST on gross sales value for online gaming, horse racing and casinos Led by Meghalaya CM Conrad Sangma, the GoM last met on July …

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Google Unsure About India’s Self-Regulatory Grievance Appellate Committee

12 Aug’22 ,FRIDAY Google’s executives have opposed the GAC, stating that it would force the companies to change their internal policies on how they regulate content Experts are of the opinion that a GAC with too much government influence would lead to more censorship in India Google, Meta, Twitter and IAMAI have reached out to …

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Amazon Looks To Buy 51% Stake In Ecom Express For $600 Mn

09 Aug’22 ,TUESDAY Amazon and Ecom Express are in the preliminary discussion stage for a potential co-promotership in Ecom Express Ecom Express which turned profitable in FY21 is currently valued at nearly $800 Mn and had recently stalled plans to move ahead with INR 4,680 Cr IPO Amazon, which doesn’t own an in-house delivery system, …

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