Tag: crore

New influencer rules ‘will raise transparency & costs’; PhonePe’s India shift cost Rs 8,000 crore: CEO

Last Friday, Indias Department of Consumer Affairs announced new guidelines for social media influencers and celebrities, saying they must disclose promotional content or face fines of up to Rs 50 lakh. The new rules could increase transparency but also raise costs for advertisers, who will need to spend more on compliance, according to social media… Continue reading New influencer rules ‘will raise transparency & costs’; PhonePe’s India shift cost Rs 8,000 crore: CEO

Karnataka HC sets aside Rs 3,700 crore seizure order of Xiaomi India’s FD accounts with conditions

While granting this partial relief to Chinese smartphone maker Xiaomi, the Karnataka HC has set some conditions. It said that Xiaomi India will not be entitled to make payments from the fixed deposit accounts “in the form of royalty or in any other form to any companies/entities located outside India.” Read More