It’s official. About eight years after it’s debut, Google has officially pulled the plug on its social network, Google+. We’ve known for quite some time that today would mark the end of Google+, and mid-day on April 2nd, the company pulled the plug on the network’s consumer version. If you head over to plus.google.com right now, you’ll no longer be greeted with ... Read More »
This week, equity funding receded to just $75.7 million, 88 percent less than last week’s $624.6 million. This week’s funding was spread across just 14 deals, 11 of which were early-stage. The reason for a poor show was the absence of mega rounds and late-stage deals. Weekly funding roundup Early-stage deals Mumbai-based startup Atomberg Technologies raised $10 million as a part ... Read More »
Jobs are in distress. More than any secular trend – such as automation – it is the slump in credit growth and consumption that has now dampened prospects for employment across many industries. While job losses in India’s automobile industry has been the most talked about, things aren’t looking any better in real estate, in some segments of electronics, and ... Read More »
Fuelled by a growing base of online users, digital advertising spend in the regional media is set to grow from $300 million in 2018 to $3 billion by 2023, said a report titled ‘Vernacular is NOW, not the future’ by RedSeer Consulting. Facebook and Google currently account for 80 per cent of Indian digital advertising spend. According to the report ... Read More »
As part of the overhaul, the bank will scrap its global equities business and also cut some of its fixed income operations Whole teams in Deutsche Bank’s Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the ... Read More »
Startup funding activity saw a significant slowdown in the fourth week of May ahead of the announcement of results for the Lok Sabha polls. Votes were counted on Thursday, and the incumbent Bhartiya Janata Party-led government returned to power with a strong majority. The week to Friday saw only $45.6 million raised across nine deals, down 76 percent from the previous week, when ... Read More »
Madison Media has announced yet another senior level appointment of Amol Dighe as Chief Executive Officer, Madison Media Ultra and Head Investments based in Mumbai. Dighe will look after the agency’s Madison Media Ultra unit which handles Godrej and Marico accounts. In addition, Dighe will be Head of Investments for Madison Media Group. Dighe is a seasoned media professional with ... Read More »
How far one can go with creative advertising when getting ‘hurt’ becomes a new normal? The recent ad campaign by Surf Excel on Holi celebrations saw a huge backlash after Twitteritis went all out criticising the ‘misleading’ ad causing ‘hurt’. The ad later disappeared silently. Creating successful advertising campaigns under the regulatory framework was already difficult with brand ambassadors even facing prosecution ... Read More »
Top story: Facebook, Instagram told to shield young minds Good morning, Warren Murray here with your primer at the gates of dawn. Feelings of inadequacy driven by social media are driving a loss of hope in life among new people, a study suggests. The government has signalled it will make social media firms sign a legally binding code of conduct ... Read More »
Indian TV shows have been banned in Pakistan. Pakistan’s Chief Justice Saqib Nisar on Wednesday said that the country’s Supreme Court will not allow Indian content to be shown on Pakistani TV channels as it “damages our culture”. Nisar’s remarks came as a three-member apex court bench heard an appeal filed by the Pakistan Electronic Media Regulatory Authority (Pemra) against ... Read More »
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