Photo: Business Standard
Rummy, Dream 11, Other Games To Be Available On Playstore As Pilot Project
Rummy apps and DFS games incorporated in India will soon be distributed for the pilot’s limited period on Google Playstore, for a specific duration. These games won’t be using in-app billing or be available as paid apps, under another pilot. Under this new way, Playstore allowed some apps to use an alternative billing system. Moreover, the gaming industry in India is huge, with Dream 11 alone generating 51% revenue.
Tags: Rummy, Dream 11, Google Playstore, Pilot project, revenue
Courtesy: The Free Press Journal
Photo: Moneycontrol
OTT Platforms Have Potential To Disrupt Multiplex Business, Expected To Be Worth Rs 12,000 Crore By 2023
OTT sector is poised to replicate what multiplexes did to VCR/VCP/VCD segment, growing to a Rs 12,000-crore business by 2023. According to SBI Research, OTT industry would be worth Rs 11,944 crore by 2023, up from Rs 2,590 crore in 2018. The report cautions this might lead to a replay of the 1980s' unexpected demise of VCR/VCP/DVD sector, with the exponential development of multiplexes across metro/urban regions during early 2000s.
Tags: Ott Platform, Multiplexes, Film Industry, revenue, Report
Courtesy: India Today
Photo: Deccan Herald
Rapido Hopes To Generate $300 Million Income In Fiscal Year 2022-23, Seeks Collaboration With State Govts
Rapido, bike-taxi aggregator, is aiming for $300 million in revenue in fiscal year 2022-23. Rapido, founded in 2015 by Aravind Sanka, Pavan Guntupalli, and Rishikesh SR, operates in over 100 locations across India. It is now looking forward to collaborating with several state governments in order to assist metro commuters and provide additional services. Rapido presently has over 3 million bike-taxi riders and over 3 lakh drivers in auto… read-more
Tags: Rapido, Central Government, revenue, FISCAL YEAR
Courtesy: DNA INDIA
Photo: Business Standard
OTT Platforms To Grow By 8%, Reaching $7 Billion Revenue In Few Years
India’s over-the-top OTT video market is likely to be $7 billion by 2027, according to a new report by Media Partners Asia. Currently, the online video industry is at its peak, in its second growth phase with total revenues of $3 billion in 2022. Furthermore, the industry is to grow at an 8% CAGR to reach $72.7 billion, with OTT platforms like Netflix, Amazon, Disney+Hotstar and many more.
Tags: OTT Business, Online Video Content, $7 Billion, revenue, Video On Demand
Courtesy: Live Mint
Photo: Wikimedia Commons
Government To Make Tech Giants Pay For Content Displayed On Their Platforms
Government may soon make digital behemoths pay for information published on their platforms. If implemented, would require tech giants like Google, Meta, Twitter, and Amazon to pay Indian newspapers and digital news publishers a share of the revenue generated by using their original content. The necessity for regulation derives from fact that, while digital companies make income from news material produced by media outlets, they do not… read-more
Tags: Law, Google, Facebook, revenue, IT Laws
Courtesy: India today
Photo: GaadiWaadi
Tata Motors Fears Competitive Automotive Market To Affect Them Negatively
Tata Motors fears adverse affect globally, due to the tough competition in automotive market, said the company. On June 17, Tata Motors, currently operating in three-units, Commercial Vehicles, Jaguar Land Rover and Passenger Vehicles, said the rising automobile industry with various companies in market is a threat to them, without any assurance of successful run in the global market. Furthermore, in FY22, Tata-Motors witnessed 11.5% high… read-more
Tags: TATA Motors, competition, revenue, business, Automotive
Courtesy: The Economic Times
Photo: Exchange4Media
CRED Generates Rs 95 Crores Revenue, Loss Widens To 523 Cr For FY21
CRED, a credit card and money lending platform losses were increased up to 45% with a year-on-year Rs 524 crores by the end of March 2021. Earlier, the company raised almost USD 450 million in 2021. However, the revenue took a leap from Rs 18.16 crores in FY20, to Rs 95.53 crores in FY21 with a low base effect. Kunal Shah, the founder of CRED started in the year 2018.
Tags: CRED, Credit Card, revenue, Company, Kunal Shah
Courtesy: Money Control
Photo: Facebook
Nykaa Reports 58% Fall In Profit, Revenue UP By 36%
Iconic fashion brand and e-shopping site Nykaa recorded a plunge in profit. On February 9, the company released Q-3 FY and reported 58% down profit to Rs 29 crore revenue. Although the revenue was increased by 36%, the overall profit income decreased from the previous Rs 68.88 crore profit. In addition, the revenue till December 2021 increased by Rs 1,098.39 crore from the previous Rs 807.96 crores.
Tags: Nykka, Cosmetics Brand, Q3 FY, revenue, PROFIT
Courtesy: The Economic Times
Photo: Khadims
Khadim India's Revenue Grows By 83% In Q2FY22 From Q1FY22
Indian footwear company Khadim announced that it has registered a growth of 83% in the second quarter of the financial year 2022. The revenue increased from Rs 882.30 million in Q1FY22 to Rs 1616.46 million in Q2FY22. The company registered a net profit of Rs 64.75 million in Q2FY22 compared to a loss of Rs 108.90 million in Q1FY22. ''We're looking forward to doing good business,'' said CEO Ashok Chotrani.
Tags: Khadim India, revenue, net profit, footwear, Q2 2022
Courtesy: ANI
Photo: Car Tyres
Apollo Tyres Q2 Results: Revenue Grows By 18%, To Rs 5,077 Crore
Apollo Tyres Limited's revenue for the second quarter of the financial year 2021-22 increased by 18% to Rs 5,077 Crore compared to the first quarter. Reportedly, the company had registered Rs 4295 in the last quarter, making the total Rs 9,662 crore for the half of FY21. ''We've seen a robust demand...which is visible in the healthy revenue,'' said Onkar Kanwa, Chairman of the company.
Tags: Apollo Tyres, Q2, FY21, revenue, Growth
Courtesy: United News Of India
