HT Media’s net profit drops steeply by 86.2% in Q1FY19 - 12 new articles

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Jul 18, 2018, 10:32:39 PM7/18/18
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HT Media reported a net profit of Rs 5.7 crore for the quarter ended June 30, 2018 (Q1 FY19), steeply down with 86.2% from Rs 41.5 crore in the same quarter last year, and down 92.4% from Rs 75 crore in the previous quarter. The decline in ad revenue ...

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HT Media’s net profit drops steeply by 86.2% in Q1FY19

HT Media reported a net profit of Rs 5.7 crore for the quarter ended June 30, 2018 (Q1 FY19), steeply down with 86.2% from Rs 41.5 crore in the same quarter last year, and down 92.4% from Rs 75 crore in the previous quarter. The decline in ad revenue had an impact on operating revenues […]
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70 million people saw the FIFA World Cup on Sony Liv, peak 2mn simultaneously

In what is probably a record for a tournament that was played outside India, the FIFA World Cup got over 70 million viewers on Sony Liv, the Economic Times reports. Additionally, users on average spent 15-16 minutes on the stream. The peak concurrency, which is the highest number of streams at a...
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Zee5: Punit Goenka talks marketing, impact of JioFiber, and original content

While Zee Entertainment Enterprises Limited’s new Zee5 app is now number 5 on the Indian Google Play app store’s top entertainment apps, the company is yet to disclose any details on subscriber numbers. That number will be disclosed at the end of Q2 FY 2019, i.e., September this year,...
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IoT is the future: Moving Towards Smart India #Ad

Internet of things or IoT is the idea that is proving to be the pivot of revolution in this tech advanced era. IoT is the ability to transform an ordinary device to a mobile unit that can connect and access the wide world of the internet. It has made the world a real life sci-fi […]

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Regulators, government need to support ATMs for financial inclusion: PwC

Despite the government’s push for of a cashless economy, Automatic teller machines (ATMs) remain a significant part of India’s drive for financial inclusion and as such need the Reserve Bank of India’s support to stay relevant, the Economic Times said citing a report from the consultancy...

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The Ken raises Series A funding of $1.5 million

Subscription-based news website The Ken has raised $1.5 million in a Series A funding round led by Omidyar Network. The round was also included a mix of existing and new investors, although it did not mention the investors, apart from Sid Yog, the founder and Managing Partner of The Xander Group...
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Twitter says current priority is election integrity, not verification

Twitter has paused its overhaul of the verification process in favour of protecting election integrity, Twitter’s new product head, Kayvon Beykpour has announced. As the mid-term elections loom on the US this year, “updating our verification program isn’t a top priority for us...

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BookMyShow gets Series D funding of $100M led by TPG Growth

Bigtree Entertainment Pvt. Ltd., which owns and operates BookMyShow (BMS), has raised USD $100 Million in Series D funding led by TPG Growth. The round also saw participation from existing investors. The company will use the funds to will help support its growth plans as it aims to become...

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India’s 4G penetration at 21% in Q1 2018, behind other nations in the region: GSMA

The fourth-generation (4G) penetration in India, at 21% in the first quarter of 2018, is significantly behind the average seen in other Asian Pacific countries, at 44% during the same period, says the Economic Times citing a report by the global telecom industry body GSMA. The report, carried out...
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Microsoft calls for regulation of facial recognition technology

We missed this earlier Tech giant Microsoft has called for government regulation in the US to limit the use of facial recognition technology. In a blog post, Microsoft President Brad Smith announced that the usage and deployment of facial recognition technology needed regulation by a bipartisan,...
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Grofers to now focus on FMCG, scales back fresh products

Scaling back its fresh products, online grocery delivery company, Grofers has forayed into the FMCG segment with the launch of seven new brands under two categories – Budget and Popular G-Brands. In a statement, Grofers’ co-founder and CEO Albinder Dhindsa said that the...

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Netflix’s speed test site now similar to Ookla’s, will measure upload speeds and latency

Netflix’s Fast.com speed test service was initially designed to just measure download speeds, and specifically on Netflix servers at that. Since it launched last year, the site has had over half a billion speed tests performed, the company said. Now, Netflix is expanding the site’s...
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