Tag - river

Govt wants to regulate digital media; Proposes a bill

The draft Registration of Press and Periodicals Bill, 2019, put out by the ministry of information and broadcasting on Tuesday, seeks to replace the Press and Registration of Books (PRB) Act, 1867, that governs the print and publishing industry in the country. “The publishers of news on digital...

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OYO in race to acquire significant stake in CCD

Oyo and British private equity firm Apax Partners are in the race to buy a significant stake in Café Coffee Day. OYO has already launched coffee chain, The French Press which is currently running 2 cafes in Delhi and Bangalore.
Others bidding for CCD include KKR, TPG Capital and Bain Capital.

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WhatsApp is profitable in India

WhatsApp, which hasn’t yet begun its full-fledged India payments operations has reported revenues of Rs 6.84 crore for fiscal 2019 and a profit of Rs 57 lakh for the financial year under review. In its financial statements, WhatsApp stated the company had started its operations and attributed...