BUSINESS
World Tourism Day: Hiring in Indian travel and tourism industry up 44% YoY in August
Tier II cities led online hiring demand in the travel and tourism sector in August 2023. Cities like Jaipur, Ahmedabad and Chandigarh reported a maximum increase in job postings followed by Baroda and Coimbatore
TRENDS
TMKOCverse: How one of India's longest running TV series is building an entertainment empire
Taarak Mehta Ka Oolta Chashma is expanding into different categories including gaming, edutainment, and e-commerce, with plans to enter into the theme park category also in the script.
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Asian Games 2023: Sony to close more sponsorship deals as sports fever grips brands
Around 40 percent of revenue comes from advertising for Sony LIV. The broadcaster has sold 90 percent of its TV and digital ad inventory for the Asian Games
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Artistes may soon be paid for display lyrics as IPRS explores revenue options
IPRS which provides licences to use copyrighted musical and literary works and also collects royalties on behalf of member artistes is now monetising display lyrics, a new revenue stream that it says will prove beneficial for its members.
BUSINESS
Production firm Inspire Films launches IPO to build content library, create homegrown OTT
To expand the content portfolio, the company filed for IPO on August 14 and received National Stock Exchange (NSE) approval in September. The size of the IPO stands at Rs 21 crore.
TRENDS
Esports industry pins hopes on Asian Games for player growth in India
Esports players touched 10 lakh mark in 2022 from 6 lakh in 2021. The player count is expected to reach 25 lakh this year, according to a FICCI-EY 2023 report. Number of Esports teams are estimated to grow from 1.1 lakh last year to 1.25 lakh in 2023.
TRENDS
Festive travel demand soars despite high airfares; Ahmedabad thrives on cricket craze
The average cost of an international flight at Rs 73,371 has increased 8 percent compared to last year while the average domestic flight fare at Rs 15,487 has increased by 14 percent.
TRENDS
Travel industry caught in the crossfire of India-Canada row, worry over long-term impact
For now, travel plans from Canada will be affected as tour operators anticipate cancellations. For those travelling to Canada, the impact may not be immediate, and operators hope students going to Canada will not be affected.
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Online visa application platform Atlys raises $12 million in Series A
The platform, which is looking to cut down time spent by Indians on applying and getting a visa, is betting big on the growing travel market in the country
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WPL scores Rs 1,250 crore in valuation for debut season, IPL 2023 sees 6% uptick in value
The WPL presents an untapped advertising opportunity, unlike the relatively saturated market for the IPL and men’s cricket. The league is also making strides towards achieving gender pay parity and providing a level playing field for women in cricket.
TRENDS
Made in India VFX firm Digikore Studios set for IPO; plans to build a global base
The studio, which has worked on over 200 global projects across films and web series, plans to mop up Rs 30.47 crore through the IPO.
TRENDS
Asian Games 2023: PT Usha expects India to better 2018 medal tally as cricket makes return
The medal tally is expected to reach 100 during the competition this year, say experts who are pinning their hopes on athletics as well as cricket. The IOA president said India is sending its largest contingent and believes the squad has the potential to get the country its best medal haul.
TRENDS
MotoGP enters Bharat for a 7-year long stint as it bets big on growing bike market in India
The India competition is now a part of the 20 races held across Europe and North America every year. Experts expect the high-speed world record of 366.1 Km/hour to be broken at MotoGP Bharat.
BUSINESS
iPhone 15 draws interest but high price of Made-in-India phone a letdown for customers
While there were expectations among customers of lower pricing for iPhone 15 since it is made in India, experts note that Apple's strategy of assembling in India was never about selling phones at a lower price point but about establishing India as an export hub for Apple.
BUSINESS
Apple iPhone15 will remain pricey in India but expect discount on older models
Contrary to expectations of a price drop, the prices of the Pro models have gone up. However, the price of the basic model is largely unchanged from last year.
TRENDS
Cricket World Cup to drive festive advertising, spends to grow 15%
Ad spends for sports-related advertising could reach Rs 9,000-10,000 crore this year, with cricket accounting for the lion’s share
TRENDS
IPO-bound Yatra bets on travel boom, freight
Within travel, domestic aviation is the key driver, said Dhruv Shringi, chief executive officer, Yatra Online. He added that changing behaviour of customers, which is largely moving online, has also led to growth in the travel sector.
BUSINESS
SC ruling on Gameskraft GST case could decide fate of India's real-money gaming industry
The skill-based gaming industry, which will now pay higher GST, will be further hit if the Supreme Court ruling is unfavourable, making them pay retrospective GST liabilities.
TRENDS
Jawan sets many records at box office, sees no impact due to G20 Summit restrictions
So far, the film has made four box office records in four days of its release with the latest being the fastest Hindi film to collect Rs 500 crore globally
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SRK's Jawan set to pip Pathaan as biggest film of 2023, sees strong traction in South
Theatres see positive impact on Hindi box office, with more films targeted at the mass audience to be released this year
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IMAX’s India blockbuster: To surpass 2022 box office numbers, scope for 100 screens
Nine of the top 10 highest-grossing films in India for IMAX this year were Hollywood films. Christopher Nolan's Oppenheimer had the highest traction with over Rs 40 crore, followed by Avatar: The Way of Water.
TRENDS
Free Fire's return expected to spark 30% growth in Indian esports: Experts
The esports industry is expecting Free Fire India to break new viewership records and add newer gamers as well as audience base for the game as it makes a comeback after over a year-long ban in India.
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PVR Inox expects blockbuster Q2 after record footfalls, collections in August
The multiplex operator on August 15 recorded 13 lakh footfalls and a gross box office collection of Rs 41.4 crore, its highest-ever admissions and collections for a single day
TRENDS
Garena brings back Free Fire, says data security and players safety in place
Garena has tied up with Yotta, which will provide local cloud hosting and storage infrastructure and manage the data of Indian users on local servers
