Budget 2019: Govt proposes TV channel for start-ups under Doordarshan

Start-up leaders welcome announcement, call it a good initiative

e4m by exchange4media Staff
Published: Jul 5, 2019 1:39 PM  | 3 min read
Startups

Finance Minister Nirmala Sitharaman on Friday said in the Union Budget announcement that the Government will start a TV channel exclusively for start-ups under the Doordarshan umberalla. This will provide a platform for start-ups to disseminate information in the industry. The channel will be managed and implemented by the start-ups themselves.

Start-up channels exists in huge numbers on the digital platforms to promote themselves, discuss issues and look for investors. The channel would be the first to be a formal television entity dedicated to start-ups and help them with all of these.

India has been ranked third in the world in the start-up ecosystem, as per the Economic Survey tabled in Parliament on Thursday.

"Ranked third in the world in the startup ecosystem, a growing number of domestic Indian enterprises are developing solutions aimed at managing and solving urban challenges. While a majority of these are tech startups concerned with e-commerce and consumer products and services, 2018 was touted as the year of food startups," the report said.

Overall, the startups have raised about $7.5 billion in funding in 2018, as against $4.3 billion in 2017 and $3.5 billion in 2016, the report tabled by Finance Minister Nirmala Sitharaman said. However, the number of deals has declined over the years from 477 in 2016 to 439 in 2017 and 360 in 2018.

We spoke to leaders in the start-up industry for their views on the announcement.

According to Vikas Bagaria, Founder, Pee Safe, “This is a great move and hope it gets implemented soon. This will help the ‘media and content start-ups’ to increase their reach within India and inspire others. Further, being a government platform the credibility and authenticity of the news will be checked for sure.”

“Great initiative, the government knows the potential in start-ups. Start-ups are getting so much attention, it’s incredible and this sector can solve some of our country's problems in healthcare, education and infrastructure,” said Aniketh Jain, General Manager, APAC - Enterprise Cloud Business.

“This is a good initiative by the government. However, the real benefit will come in terms of the kind of content which will be generated. The platform must be simple and easy to grasp and that which provides "Startup Literacy". Further, the platform must focus on budding entrepreneurs and help them understand the Why, How & When of starting up. Further, if the platform can also be created in multi-languages then it will help in penetrating the rural areas across the country,” said Sumit Kumar, Director, Headsup Corporation.

Sonica Aron, Founder, Marching Sheep, said: “This seems to be an Indian version of Shark Tank (USA) or Gragon’s Den (UK), and both these formats have been successful in setting up and promoting start-ups. This is indeed a good idea and we can learn much from the existing formats and replicate for faster execution.”

"This budget shows that the current government walks the talk, and will go even beyond that. Clarity on Angel tax, which has been a big issue for our community, focus on making payments even more seamless for digital companies of today, as well as bringing out the new Doordarshan-like channel for startups that will have a game-changing effect on promoting micro-entrepreneurs across the country, majorly tier 3-6, where it matters the most - is a big move - plus it also strategically helps tackle the employment story, setting up the foundations for the $5 trillion economy,” said Akshay Chaturvedi, Founder & CEO, Leverage Edu.

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Twitter to share ad revenue with Blue-tick subscribers

Elon Musk has said that revenue will be shared with creators for ads appearing in reply threads

By exchange4media Staff | Feb 4, 2023 8:20 AM   |   1 min read

Twitter

Elon Musk has said that Twitter will start sharing revenue for ads appearing in reply threads but to be eligible the creator needs to be a Twitter Blue subscriber.

Musk hasn't specified the quantum of the revenue being shared but the move is being seen as an attempt to woo back advertisers.

Meanwhile, Musk and Tesla have been cleared of charges of misleading investors with tweets about a Tesla buyout in 2028.

Expressing relief over the judgment, Musk tweeted:

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‘UPI is an absolute game changer’

At the launch of Dentsu-e4m Digital Advertising Report 2023, industry experts sat down for a panel discussion on India digital stack for technology and creativity in the new digital economy’

By exchange4media Staff | Feb 3, 2023 6:10 PM   |   3 min read

dentsu-e4m panel

At the launch of the Dentsu-e4m Digital Advertising Report 2023, industry leaders came together for a very insightful panel discussion on the topic, India digital stack for technology and creativity in the new digital economy

The panel had Gagan Singla, MD, blinkX by JM Financial; Prasad Pimple, Executive Vice President & Head of Digital Business Unit, Kotak Life; Medhavi Singh, Head of Enterprise - India, Criteo; and Abhijit Shah, Senior Vice President, ICICI Prudential. Rashmi Sethi, Chief Strategy Officer, Fractal Ink, a Merkle company, moderated the session.

Sethi started the session asking about the success of stack adoption and its penetration in India and globally.

Shah said, "The largest game changer for us in the industry, especially mutual funds, has been the whole digital onboarding that India stack provides. Opening a mutual funds account used to be a tedious process. But aadhar-based e-KYC works really well. Within a few seconds you can get onboard."

Prasad added, "From the perspective of any BFSI company, not just the e-KYC solution but the UPI payment and the entire ecosystem of payment gateways have changed. We all have been doing digital business for almost 15 years now, but the ease with which the customer can complete the journey online today has tremendously changed with the advent of e-KYC, c-KYC plus UPI as a payment gateway. I would say everything what we are experiencing today is helping us build that ecosystem stronger from the customer perspective."

Singla mentioned, "When digilocker came, it was something beyond imagination. I thought it is not going to work, but the way it has helped us in the e-KYC version-2 is great. The way we have used UPI has a huge value to us. For us, it is direct revenue value because in investments, with the UPI coming in the way, the customer is able to transfer the funds at the moment they buy a stock. We are able to engage with customers with UPI much better. We have leveraged UPI a lot and it has given us the ROI.”

Singh shared that Aadhar has really paved the way, but UPI was an absolute game changer. “UPI really changed the way the digital payments were happening. On one end, there is the government that is ensuring people become more and more account holders, and the other hand, there are fintech firms who are ensuring that people who do not have a bank account are able to seamlessly do digital payments. COVID accelerated the scenario,” he added.

Panelists also discussed about the unique value propositions of web-3 which enable India to lead on this front.

Singh said, "e-commerce is a huge opportunity. Also, with 5G penetration, media will also grow. There are already so many OTT platforms and they are constantly growing. Now we are hearing about the regional ones that are catering to local dialects that will actually involve the masses. So, each of those industry are seeing those opportunities that is going to change and that is primarily based on Indian Stack, because a large part of them is driven by or a tleast increasing by UPI, ONDC and 5G technologies".

Pimple added to that, "A lot of tools are available today and are fragmented but what web 3.0 can do is seamlessly build them into the discovery purchase and ongoing engagement journeys of customers with their investments".

Sethi concluded the panel discussion by saying, "To summarise the trends that we are seeing in emerging future are customer convenience, digital transactions, evolution of e-commerce,D2C, experiential marketing form, basically web 3 and extended reality and these centralise local commerce which are more hyper local".

 

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‘Search Companion’ to be unveiled soon: Sundar Pichai

During the earnings call, the Alphabet CEO also said that the company was just beginning its AI journey

By exchange4media Staff | Feb 3, 2023 11:05 AM   |   1 min read

Pichai

Alphabet CEO Sundar Pichai has said that the tech giant will be coming up with an artificial intelligence-based model in the "coming weeks and months", according to media reports.

The models, as per Pichai, will work as "a companion to search". He was speaking at the company's earnings call.

The Alphabet CEO also said that the company was just beginning its AI journey.

The announcement is being seen as Google's response to the rising popularity of ChatGPT.

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Google reports just 1% revenue growth in Q4, YouTube ad revenue drops 8%

Sundar Pichai, CEO of Alphabet and Google, says the tech giant will unveil AI-based language models soon

By exchange4media Staff | Feb 3, 2023 8:33 AM   |   2 min read

google

Alphabet, parent company of Google and YouTube, missed analyst estimates for Q4 results, as YouTube’s ad revenue again suffered a year-over-year decline.
Overall, Alphabet posted revenue of $76.05 billion, up just 1%, and net income of $13.62 billion (down 34% versus $20.6 billion in Q4 2021), or earnings of $1.05 per share. Google's ad revenue fell from $61.2 billion in Q4 2021 to $59 billion in Q4 2022. YouTube ad revenue was $7.96 billion in Q4, down 7.8% from $8.63 billion a year earlier. This is YouTube’s second consecutive quarter of year-on-year ad revenue declines.

Google Cloud, meanwhile, lost $830 million in Q4, better than the $1.7 billion it lost in the same quarter last year. Google Cloud revenue rose 32%, to $7.32 billion in Q4, while the segment narrowed its operating loss to $480 million, versus an operating loss of $890 million in the year-ago quarter.

Commenting on the results, “We’re on an important journey to reengineer our cost structure in a durable way and to build financially sustainable, vibrant, growing businesses across Alphabet,” Sundar Pichai, CEO of Alphabet and Google, said in prepared remarks. He touted “great momentum” in Google’s Cloud segment, YouTube subscriptions (which the company does not break out in its earnings) and Google Pixel devices. In November, the company said YouTube Music and YouTube Premium subscriptions topped 80 million paying subscribers combined.

Pitchai shared that he expects “great momentum” in Google’s Cloud segment, YouTube subscriptions (which the company does not break out in its earnings) and Google Pixel devices. Pichai said YouTube Shorts, the platform’s TikTok-style video format, now averages more than 50 billion daily views, up from the 30 billion announced in early 2022.

'"We have significant work underway to improve all aspects of our cost structure, in support of our investments in our highest growth priorities to deliver long-term, profitable growth," Alphabet CFO Ruth Porat said in a statement.

During the earnings call, Pichai also shared that Google will make AI-based language models available soon. These models will serve as "companion to search", he said. 

Alphabet’s results are its first since it laid off some 12,000 employees in January. CEO Sundar Pichai had blamed the layoffs on Alphabet’s decision to staff up to meet the company’s demand during the pandemic.

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Google may post a drop in ad revenue in Q4 results

The total revenue is expected to show a slight increase

By exchange4media Staff | Feb 2, 2023 7:21 PM   |   1 min read

google

Google is expected to post a drop in advertising revenue as it posts its Q4 results early Friday morning, say media reports. This will the first drop in ad revenue since Covid struck in 2019 giving a huge push to the digital medium.

Google’s parent company Alphabet Inc., according to analysts, is expected to post $60.4 billion in advertising revenue for the fourth quarter, a decrease of 1.3% from the same period in 2021.

Google’s video platform YouTube is also expected to record a second straight quarter of declining revenue. Alphabet is expected to report $76.2 billion of revenue overall during the fourth quarter, a slight increase from the same period in 2021.

Alphabet said last month it would lay off about 12,000 workers, or 6% of its workforce, in response to a weakening economy. Chief Executive Sundar Pichai said during a companywide meeting that top executives would take cuts to their bonuses.

 

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Byju's lays off another more than 1000 employees

Employees from engineering, sales, logistics, marketing and communications teams have been asked to leave, say media reports

By exchange4media Staff | Feb 2, 2023 6:58 PM   |   1 min read

byju's

Edtech firm Byju's has reportedly laid off another more than 1,000 employees. The move is being seen as an attempt to cut down costs amid slow revenue growth and funding winter.

According to one of the media reports, the company is laying off employees from the engineering, sales, logistics, marketing and communications teams.

One of the reports claimed that while 300 employees from the engineering team have been sacked, the strength of the logistics team has been brought down to 50 per cent.

The company had undertaken a round of lay off in October last year when it let go of 5 per cent of its total employees, amounting to 2,500 employees out of 50,000 strong workforce. At that time founder Byju Raveendran had justified the layoffs saying it was a critical step for the company to become profitable.

 

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Meta Q4 revenue falls 4%

As per reports, Meta's annual sales have dropped for the first time since 2012 but beats forecast

By exchange4media Staff | Feb 2, 2023 11:12 AM   |   1 min read

Meta

Meta has reported a revenue of $32,165 million for the quarter ended December 31, 2022, a fall of 4% from the previous fiscal. The company's net income for the quarter stands at $4,652 million.

As per media reports, Meta's annual sales have dropped for the first time since 2012 but it was not as severe as expected. As per the financial report, the marketing and sales figure stood at $4,574 million for the quarter.

Sharing first-quarter predictions, CEO Mark Zuckerberg said, “We expect first quarter 2023 total revenue to be in the range of $26-28.5 billion.”

"Our community continues to grow and I'm pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily actives," said Zuckerberg. "The progress we're making on our AI discovery engine and Reels are major drivers of this. Beyond this, our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization."

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