BUSINESS
Disney+ Hotstar user base rises to 61.3 million, CFO warns of decline over IPL
Disney chief executive Bob Chapek said they expect losses in the streaming business to reduce in the future.
BUSINESS
YouTube Shorts are coming to a television screen near you
YouTube Shorts will be rolled out over the coming weeks to smart television models, game consoles, and streaming devices made in 2019 or later.
TECHNOLOGY
India's paid gamer base hits 120 million in FY22; in-app purchases to drive future growth: Report
Overall, India's gaming industry revenues rose from $2 billion in FY21 to $2.6 billion in FY22 and is projected to reach $8.6 billion in FY27.
BUSINESS
Layoffs begin at Twitter India even as confusion reigns among employees
The Elon Musk-owned social media firm plans to reduce its 7,500-person workforce as a measure to save costs.
BUSINESS
Google India's profit jumps 53.3% to Rs 1,238.9 crore in FY22
Google India's gross advertising revenue grew to Rs 24,926.5 crore for the year, a 79.5 percent increase YoY from Rs 13,886.7 crore in the past year
BUSINESS
Ajit Mohan to lead Snap's expansion in Asia Pacific: CEO Evan Spiegel
Mohan will lead Snap's business in India, Australia and New Zealand, China, Japan, Singapore, Malaysia, Indonesia and Korea markets.
BUSINESS
Meta India head Ajit Mohan quits with immediate effect; joins rival Snap
Ajit Mohan is joining rival Snap, people familiar with the matter told Moneycontrol. Manish Chopra will lead Meta's India unit on an interim basis.
BUSINESS
WhatsApp rolls out communities feature to supercharge group conversations
Neighbourhoods, workplaces, NGOs, clubs, and schools can now connect multiple groups under one umbrella to organise group conversations on WhatsApp
BUSINESS
Games24x7 sets up a Rs 400 crore corporate venture fund; plans to back interactive entertainment startups
Games24x7 Ventures will back startups in the areas of online gaming, sports tech, esports, marketing technology, digital content, digital communities.
BUSINESS
WhatsApp Business India revenue set to cross $1 billion by next year, experts see WeChat moment
Enterprises including banks, insurance, retail businesses and new-age companies are driving the largest volume and revenue for the messaging app's business offerings. Other emerging areas include travel, hospitality and education.
BUSINESS
After CCI's ruling, Google pauses enforcement of in-app billing policy in India
App developers were previously expected to comply with the Play billing policy by 31 October 2022
BUSINESS
Corporate crossings | JetSynthesys ropes in former Krafton India executive Anuj Tandon as CEO of gaming unit
JetSynthesys, which counts Kris Gopalakrishnan, Adar Poonawalla, and Sachin Tendulkar among its backers, has been building multiple gaming businesses under the Jet brand
BUSINESS
What Elon Musk's Twitter takeover means for India
The closing of the deal caps a months-long chaotic saga which saw many dramatic twists and turns - from legal challenges to public spats to disparaging memes and a courtroom trial that eventually didn't happen.
BUSINESS
Apple witnessed double-digit revenue growth in India in September quarter: CEO Tim Cook
India set a new all-time revenue record in terms of iPhone sales during the quarter, said Apple CFO Luca Maestri
BUSINESS
Meta's short video feature Reels hits $3 billion annual revenue run rate: Mark Zuckerberg
Meta expects Reels to be a big money spinner in the long term, but it will pose a challenge to the company's revenue growth in the near term
BUSINESS
Meta to 'dramatically' slow hiring, keep headcount growth flat till the end of 2023
CEO Mark Zuckerberg has said the company will focus its investments on a small number of high-priority growth areas in 2023
BUSINESS
Demand from India helps Spotify grow its user base to 456 million
Spotify will be more selective with their overall spending going forward, said chief executive Daniel Ek.
BUSINESS
Google reacts to CCI order on Play Store policies, says it is evaluating next steps
CCI has directed Google not to restrict app developers from using any third-party billing or payment processing services to purchase apps or for in-app billing on Google Play.
BUSINESS
Alphabet to cut down headcount growth by a half in fourth quarter
Sundar Pichai said that they have begun a push to drive efficiency by realigning resources to invest in their "biggest growth opportunities"
BUSINESS
CCI imposes Rs 936.44 crore fine on Google for abusing its dominance on Play Store policies
This penalty comes on the heels of CCI imposing a fine of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem on October 20.
BUSINESS
We're very focused on scaling up our existing verticals: Nazara founder Nitish Mittersain
The recent Tamil Nadu gambling ban will result in a revenue hit, but the impact will be limited, said Nitish Mittersain
BUSINESS
Google says CCI penalty a 'major setback' for Indian consumers & businesses, will evaluate next steps
CCI had imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem, apart from issuing a cease and desist order
BUSINESS
Nazara Technologies CEO Manish Agarwal to step down
Nazara founder Nitish Mittersain will be taking over as the chief executive officer from December 1
BUSINESS
Google rolls out My Ad Center to help users better control their ad experiences
My Ad Center expands on the company's privacy controls by enabling users choose to see more ads from the brands and topics they like and less from the ones they don't
