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Amazon.com Inc. and Alphabet Inc. to bid in a media rights auction of its team’s games amid waning interest from firms who had recently competed fiercely for the wildly successful Indian Premier League. The proposed starting date of the auction process for the media rights of the so-called bilateral series, played by the Indian team against other countries, for the next five years is postponed by at least two weeks as the Board of Control for Cricket in India reaches out to more firms to drum up interest in the property, according to people familiar with the matter. The lukewarm response by media firms ahead of the auction highlights the struggle to make money amid weak advertising revenues, with the shorter-format IPL being the top cricket property garnering higher viewership over the years. The sale process is running two weeks behind a timeline suggested by its adviser, Ernst & Young, under which auctions would have been completed by August end, they said. EY expects the sale of rights to 102 matches to raise at least $750 million, almost the same price for what it was sold five years back, the people said, asking not to be named as the information is not public. In contrast, the rights to IPL, which was auctioned last year, had surged almost threefold from the previous offering. The IPL remains one of the world’s most popular sporting contests and is still garnering the most eyeballs among cricket events. Last year, BCCI raised record amounts of money by selling media rights for the IPL through an auction as Viacom 18 Media Ltd., controlled by billionaire Mukesh Ambani, and Walt Disney Co. outbid rivals, including Sony Group Corp.

Bharat Madan, Whole-time Director & CFO, Escorts Kubota, says coming to railways section, this quarter was slightly higher because there were some better product mixes in this quarter and which clearly will not be there throughout the year. But 16-17% margin this year looks sustainable for the railway business too.Escorts came out with a very strong beat on the margins. What led to that? Secondly, is this sustainable? Do you see further upside on margins?The performance has been great across all three businesses.

200-day Simple Moving Average (SMA) on 1st August 2023. Companies like Yes Bank, Navin Fluorine International, United Breweries, Brightcom Group, Vedant Fashions, and Nocil showcasing strong performance in their respective sectors. Let's explore the performance of these stocks.

«See unicorns are a mythical creatures right. But what I would like to say is that we have just seen a large number of tech start-ups going IPO that is a great start right,» says Prateek Jain, The Fundamentum Partnership.What is your outlook about the growth of unicorns in the country? Do you see the future is bright for the growth of unicorns in India? See unicorns are a mythical creatures.

From across the globe, spanning a diverse range of applications in finance — these are the world's top 200 fintech companies.

Bitcoin is currently trading near $29,900, experiencing a decline from its recent peak of $29,900.

Disney Star is bullish on onboarding robust sponsorships from most sectors, be it startups or established firms, banking on flexible advertising packages for the upcoming marquee Asia Cup and ICC ODI World Cup events that it forecasts will see unprecedented reach. «We are making advertising on Disney Star network flexible, we are making it customisable.

Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. The world's most valuable firm will wrap up Big Tech earnings on Thursday, with a likely 1.6% drop in total quarterly revenue, according to Refinitiv — its steepest drop in third-quarter revenue since 2016.IPhone sales likely fell more than 2% in the period, according to 24 analysts polled by Visible Alpha, compared with a near 3% increase a year earlier and a 1.5% rise in the quarter ended March.

Tata Cliq.Tata UniStore Ltd, which owns and runs Tata Cliq, posted a 16% increase in net loss at Rs 874.7 crore for fiscal 2022-23, even as its turnover dropped to less than half at Rs 407.7 crore compared with Rs 844.6 crore the year before, as per its latest regulatory disclosures. In the filings to the Registrar of Companies (RoC) made on July 25, Tata UniStore attributed the drop in turnover to the platform’s exit from certain categories of electronics, and said the loss increased as it continued to invest in scaling up the business.

The largest newspaper group in Maine is becoming a nonprofit with the completion of the sale of more than 20 daily and weekly newspapers, including the Portland Press Herald

Russian authorities have accused Ukraine in yet another drone attack on Moscow and its surroundings

New Delhi: Telecom and IT minister Ashwini Vaishnaw will introduce the digital personal data protection bill in Lok Sabha on Thursday, the government said in a notification. "Shri Ashwini Vaishnaw to move for leave to introduce a Bill to provide for the processing of digital personal data in a manner that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes and for matters connected therewith or incidental thereto. Also to introduce the bill," the notification said.

New Delhi: The standing committee on communications and IT has said in its report on citizens data security and privacy, tabled in Parliament on Tuesday, that the digital personal data protection (DPDP) bill should be the main legislation for data handling and privacy and should be enacted into a law at the earliest to safeguard citizens' data and their privacy. “The Committee, in no uncertain words stress the urgent necessity for the early enactment of a robust and all-encompassing legislation that effectively safeguards citizens' data and privacy," it said.

Tata Group is continuing to burn money on its first ecommerce platform, Tata Cliq.Tata UniStore, which owns and runs Tata Cliq, posted a 16% increase in net loss at ₹874.7 crore for fiscal 2022-23, even as its turnover dropped to less than half at ₹407.7 crore compared with ₹844.6 crore the year before, as per its latest regulatory disclosures. In its filings with the Registrar of Companies made on July 25, Tata UniStore attributed the drop in turnover to the platform's exit from certain categories of electronics, and said the loss increased as it continued to invest in scaling up business.

UPI) registered 9.96 billion transactions in July, with the total value for the month hitting Rs 15.34 lakh crore, according to data from the National Payments Corporation of India (NPCI). This shows a 6.6% jump in the number of transactions via UPI from 9.34 billion in June.

Parliament the 48th report on Citizens' Data Security and Privacy on Tuesday. ET has reviewed a copy of it. As reported by ET on Friday, the conclusion of the report says, «The Committee, in no uncertain words stresses the urgent necessity for the early enactment of a robust and all-encompassing legislation that effectively safeguards citizens' data and privacy».

BlackRock CEO Larry Fink’s recent endorsement of Bitcoin is the number one reason to be bullish on the asset right now, according to Galaxy Digital CEO Mike Novogratz.

₹20-25 crore. “We are offering — across TV and digital — plans for all kinds of advertisers. You can spend as low as ₹1-5 crore, ₹5-15 crore and above.

₹3,800 crore for marketing and advertising, according to their filings with the corporate affairs ministry, the uncertainty surrounding a potential imposition of retrospective tax, has left many top firms anxious, as they fear a dip in the budgets of gaming companies in a knee-jerk reaction to the GST Council’s move. Leading gaming firms, including three fantasy sports platforms, such as Dream11, Games24x7 and MPL, may reduce their advertising budgets by ₹500- 600 crore for this year, while other major spenders, such as Winzo, Zupee and Junglee Games, grapple with the prospect of reducing their annual marketing expenses. According to All India Gaming Federation’s estimates, the size of the industry is at $2-2.5 billion (about ₹16,000 crore).

₹1.65 trillion in Goods and Services Tax (GST) revenue in July, an 11% improvement over the year- ago period, official data showed on Tuesday. This is the fifth time GST revenue collection has crossed the ₹1.6 trillion mark, said the finance ministry. The government’s estimate for average monthly collection this fiscal is ₹1.65 trillion.c After settlement for inter-state sales, the Centre collected ₹69,558 crore and states ₹70,811 crore from GST in July, the finance ministry statement said.

Mint has learnt. This would enable New Delhi to pitch its ‘India Stack’— digital solutions implemented at population-scale to deliver social benefits—to the developing world. New Delhi hopes that this in turn will make Indian platforms the benchmark for the global development of DPIs and cement its place as a key technology-partner amid a worldwide move toward digitalization.