Author: News Desk

Media groups object to the notion of an Unified Legal System In a joint response to the regulator’s consultation document, the Telecom Regulatory Authority of India (TRAI) received criticism from the Media Industry for its proposal to create a complete regulatory framework for Telecom and Broadcasting services. According to the Indian Broadcasting and Digital Foundation (IBDF), Internet and Mobile Association of India (IAMAI), Digital News Publishers Association (DNPA), Association of Radio Operators for India (AROI), and All India Digital Cable Federation (AIDCF), there is no need for a separate comprehensive code to address the convergence between broadcasting and telecommunication services.…

Reliance Consumer Products (RCPL) and leading Chennai-based Bovonto soft drink manufacturer Kali Aerated Water Works are in advanced negotiations for a manufacturing and distribution partnership to produce and market Reliance’s Campa line of soft drinks. Before purchasing Campa in August of last year, Reliance had been in talks to buy the bulk of Kali Aerated Water Works. One of the most well-known cola brands in the southern regions, Bovonto fiercely competes with Coke and Pepsi. More than eight plants of Kali Aerated, which also produces lemon, orange, and ginger ale fizzy beverages, are located in the South. In addition, juices…

The Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP), which distributes low-cost generic medications via Jan Aushadhi Kendras (retail stores), reported sales of 1,236 crore in FY23, up 38% year over year. The revenue was 893 crore in FY22. The original target for the scheme under the five-year plan was 775 crore, but we have now surpassed the 1,200 crore revised target set by the government, according to Ravi Dadhich, CEO of the Pharmaceuticals & Medical Devices Bureau of India (PMBI), the ministry of chemical & fertilisers organisation responsible for implementing PMBJP. Dadhich credited the increase in sales to a variety of…

According to the Indian government’s Soil Health Survey 2019-20, almost half of India’s soil is going through degradation. It is mainly due to the usage of fertilisers. Twenty years ago, if farmers used 10 kilos of fertilisers or pesticides on one acre of land, now they are using 100 kilos. That means more damage is being done to the soil. Pune-based agritech startup Kisanserv attempts to solve this issue by supplying wet waste-turned-compost to farmers. The waste is sourced from urban areas where consumerism is the norm.  Niranjan Sharma, the co-founder and CEO of Kisanserv, realised that most of his clients face the…

The Poco C51, the latest entry-level smartphone from Xiaomi’s sub-brand, was released in India on Friday (April 7). The new Poco C-series smartphone is powered by a MediaTek Helio G36 SoC and has a water drop-style notch display. The Poco C51 is available in two separate color schemes, as well as a single 4GB RAM and 64GB storage variant. The built-in RAM may be practically increased to 7GB. The device comes with twin 8-megapixel rear cameras and a 5,000mAh battery. The Poco C51 appears to be a rebranded version of the Redmi A2+, which was released in limited regions in March. Price and Availability of the Poco C51 in India The new Poco C51 is priced…

With a flurry of launches during the current fiscal year, Chennai-based TVS Motor Corporation hopes to expand its presence in the luxury motorbike market. In this category, the business offers two brands: the Apache and the Ronin. According to the report, the market for high-end motorcycles (those with engines larger than 150 cc) has experienced a robust recovery since Covid, with young, aspirational buyers considering not only the purchase of two-wheelers for daily commuting but also the entire motorcycle experience, which includes rides, community, merchandize, accessories, and connected technologies. According to TVS Motor Company’s Vimal Sumbly, Head of Business (Premium), the increase in Tourism…

UAE aims to increase the number of SMEs to 1 million by 2030 According to Bin Touq Al Marri, Minister of Economy, the number of small and medium-sized firms (SMEs) operating in the UAE by the end of 2022 was 557,000, in accordance with the country’s ambition to increase this number to one million by the end of 2030. He noted that SMEs account for 63.5 percent of non-oil GDP and that the Ministry’s involvement in building an investment climate that supports citizens who own SMEs is in accordance with the Ministry’s aim of establishing a globally competitive knowledge-based economy…

Google has introduced a new Play Store regulation for applications in an effort to provide customers with better clarity and control over their in-app data. The change instructs app developers to include a “simply discoverable option” for cancelling the account. Google revealed in a blog post that the new web requirement “should be linked to the app’s Data safety form so that users can request data and account deletion without having to reinstall the app. “While Play’s Data safety section currently allows developers to advertise their data deletion choices, we know that customers prefer a more straightforward and uniform method…

India prohibits betting and wagering in online gaming, and introduces self-regulatory organizations. The Government issued new regulations for Internet gambling on Thursday that forbids any game that involves betting or wagering and establishes a structure of several self-regulatory organisations (SROs). According to Rajeev Chandrasekhar, Minister of State for IT, online games that incorporate wagering or betting will be in violation of the new regulations governing online gaming. There will be a number of self-regulatory organisations (SROs) that include but are not restricted to the sector in their membership. We are dealing with a structure that enables an SRO—and there will be several SROs—to decide whether or not all forms of online gambling are…

According to persons with first-hand knowledge of the subject, EdTech company BYJU’s lenders have asked up to $200 million (approximately Rs.1,600 crore) in prepayment combined with a higher rate of interest in order to restructure its $1.2 billion (Rs.9,600 crore) term loan B (TLB). According to the article, the Bengaluru-based business has offered to boost the interest rate by roughly 200 basis points (bps), but they are yet to agree on the prepayment condition proposed by the lenders, which includes a number of US-based hedge funds. One basis point equals a hundredth of a percentage point. On March 20, ET…