Music companies such as T-Series, Times Music & Saregama set to earn over Rs 100 crore this year as users put posts on these platforms with their music. Many experts say these are early days and with more users in India getting exposed to social media's features, music labels will benefit more. The revenue potential of these platforms may increase substantially.
Leading hotel brands keeping rates for Christmas and New Year celebration packages mostly unchanged. Hotel chains said they are not bringing down rates as they are confident of demand picking up from last-minute party goers. At Pullman and Novotel hotels in New Delhi’s Aero City, the rates for New Year’s eve are up marginally.
Business to Kashmir is very slow, both for Indian and foreign travellers. Comparing it to last year's records which was not good either, this season witnessed a dip of 50%. Although hotels are operational, there have been hardly any bookings. Internet blockade continues to be a huge detterent, putting off the visitors.
Smriti Irani was the most-mentioned handle in politics, followed by Priyanka Gandhi Vadra.
There’s been a 15-20% jump in advance bookings for destinations such as Goa, Udaipur and Jaipur from the year earlier as an increase in winter schedule capacity has resulted in a decline in some domestic fares. Advance bookings for international destinations like Singapore, Colombo, Bangkok, Dubai, Mauritius and Malaysia are up 10-12%.
TCIL has signed an agreement with AlixPartners for a one-time payment of Rs 13.9 crore.
TikTok has 200 million users in India. Following a temporary ban by the Madras High Court earlier this year, and a week after it became available again on app stores in India, TikTok had stated in May that it had reclaimed the top spot among free apps on the iOS platform and in the social category on the Google Play Store on Android.
The study pegged the size of the global personal luxury goods market at 281 billion in 2019. Mainland China's luxury market grew the most by 26% at constant exchange rates this year to reach 30 billion. Chinese customers accounted for 90% of the constant growth of the market in 2019, reaching 35% of the value of luxury goods.
Archana Vohra, director of small and medium businesses at Facebook India said that the company has done a lot of work this year to facilitate the growth of the segment, including the launch of its VC Brand Incubator programme.
Documents filed with the Registrar of Companies (RoC) show WhatsApp, which is currently awaiting approvals from regulatory authorities for its payments service, reported revenues of Rs 6.84 crore for fiscal 2019 and a profit of Rs 57 lakh for the financial year under review.
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