Wednesday, January 27, 2021

Shehzeen Khan

The Loot Box Problem – Is There Such a Thing as Ethical Loot Boxes?

Loot boxes have been a point of contention in the gaming industry for some time now, but the debate has really heated up in recent years. Some loot box systems have been accused of being exploitative or unethical, to...

Vedanta reports staggering loss of Rs 12,521 crores

Vedanta, the natural resources firm reported a consolidated net loss of Rs 12521 crore for the first quarter of 2020. However, as of March 31, 2020 the losses stand at Rs 17132 crores. This is primarily due to damage...

Karnataka Bank Q4 profit dip 55.76%

A 55.76% decline in profits was recorded by the Karnataka Bank Ltd. The bank registered a net profit of only Rs 27.31 crores in the fourth-quarter of 2019-20. Compared to the net profit of Rs 61.73 crore in the...

Zomato scraps plan to go ahead with Grocery delivery with Zomato Market

Within just 2 months of its launch, Zomato has shut down its grocery delivery arm- Zomato Market, due to lack of scalability options. Zomato has begun to lay out its master plan for revival from losses that the food delivery...

Jio prepaid users to get Disney+Hotstar VIP subscriptions free for a year

Reliance Jio has announced a special partnership with Disney+Hotstar. The partnership entails benefits for Reliance Jio Prepaid users. Users are offered a 1-year VIP subscription to the service. In addition, users can choose between monthly, annual or data add-on vouchers...

Indian Aviation Ministry issues rules for operating drones

On Friday, the Civil Aviation Ministry issued draft rules for making and using drones in India. Further, the Ministry proposed that authorized manufacturers or importers can sell drones to only those entities approved by DGCA, the aviation regulator.  In...

Facebook signs licensing deal with Indian music giant Saregama

On Wednesday, Facebook revealed that it has entered into a global deal with Saregama- one of India’s greatest music labels. Therefore, users can now access its licensed music/video or other experiences across Instagram and Facebook. The new partnership comes weeks...

Swiggy, Zomato start delivering liquor in Kolkata

Kolkata’s alcohol lovers will soon be able to order their favorite drinks from the comfort of their homes. Four platforms have signed an agreement with the West Bengal State Beverage Corporation, Bevco and the state’s wholesale-distribution arm for starting...

COVID-19 impact : Bank NPAs might worsen to 11.6% by end of 2020

Non-performing assets (NPAs) of banks are most likely to worsen to 11.3-11.6% by the end of 2020.  This is an unfortunate and steep rise from the 8.6% as of March 2020. Latest gross slippages are estimated to be at 5.0-5.5%...

Ashok Leyland records a 89% dip in commercial vehicle sales

Ashok Leyland, Hinduja’s flagship firm, reported an 89% decline in commercial vehicle sales in May. On Monday, the sales were recorded to be 1420 units, however, the company had sold 13172 in May 2019. Domestic sales stand at 1277 units-...

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NetEnt enters Michigan’s online gaming market

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Aleš Veselý to be appointed as Sazka’s CEO

In the management reshuffle process, Sazka Group has appointed Aleš Veselý as its CEO. However, it has chosen to retain predecessor Robert Chvátal as the...