Jack May poised to cede control of Ant Group, WSJ report says

Jack May poised to cede control of Ant Group, WSJ report says

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.

While Ma only owns a 10 percen...


Apple, TikTok-hit Meta reports 1st ever quarterly revenue drop

Apple, TikTok-hit Meta reports 1st ever quarterly revenue drop

Stiff competition from TikTok and Apple Inc's privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc. in the near term, Wall Street analysts said.

At least 10 brokerages cut their price targets on Meta after the company reported its first-ever quarterly...


Prasar Bharti aims to monetise ‘Swaraj’ on OTT platforms

Prasar Bharti aims to monetise ‘Swaraj’ on OTT platforms

Prasar Bharati has invited applications from private OTT platforms for exclusive global licensing rights to stream ‘Swaraj- Bharat Ke Swatantrata Sangram Ki Samagra Gatha’, a 75-episode show produced by the pubcaster to commemorate 75 years of India’s independence that will be broadcast on the DD’s network i...


Telcos implement TRAI rules on monthly voucher schemes

India had 97 HD, 248 SD TV channels as of Mar ’22: TRAI

A total of approximately 898 private satellite TV channels were permitted by the Ministry of Information and Broadcasting (MIB) to operate in and from India as of March 2022, sector regulator TRAI said Tuesday.

Out of the 885 permitted satellite TV channels, which are available for d...