Industry

OMCs raise LPG cylinder prices; ATF prices cut indiabusinessport.com

New Delhi: Oil marketing companies (OMC) on Wednesday raised prices of both domestic and commercial LPG cylinders, but lowered jet fuel prices. According to available on the Indian Oil Corp’s website, price of non-subsidised 14.2-kg domestic LPG cylinder has been increased by ₹50 to ₹1,103 in the national capital. The price of a 19-kg commercial …

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Film studios rethink marketing strategies indiabusinessport.com

New Delhi: Film studios and production houses say it might be time to junk older marketing strategies, given that recent hits like Pathaan and Drishyam 2 went easy on traditional publicity, with hardly any media interactions and public appearances. “It isn’t that costs have consciously been brought down, it’s just that the marketing strategies have …

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Lionsgate to release Robert DeNiro’s ‘About My Father’ on 26 May indiabusinessport.com

Hollywood studio Lionsgate will release Robert De Niro-starrer About My Father, in cinemas on 26 May. Based on the life of the popular comedian Sebastian Maniscalco, the film also features Maniscalco himself along with Kim Cattrall and Leslie Bibb. Helmed by Laura Terruso and written by Austen Earl and Sebastian Maniscalco, the movie will be …

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No more Citibank’s branches in India as Axis Bank comes in. 10 points Citi customers must know indiabusinessport.com

Citibank’s customers will witness a major transformation from today (1 March 2023). The grand old bank, which started its India operations back in 1902 in Kolkata, has completely sold its retail banking assets to Axis Bank. Private lender Axis Bank announced on Wednesday that it has completed the acquisition of Citigroup’s India consumer business for …

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Disney, Viacom18 set up epic clash for IPL viewers, revenues indiabusinessport.com

Viacom18 fired the first salvo in the war for audiences and advertising revenue by offering IPL fans the opportunity to watch the league for free on its digital platform. In response, Disney Star, which has the rights to broadcast IPL matches, is considering airing select IPL matches on its free-to-air channels, according to Ajit Varghese, …

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Channels in a fix over social messaging indiabusinessport.com

New Delhi: Television networks are concerned about declining ratings due to the new public service broadcasting (PSB) rules mandated by the information and broadcasting ministry. While several shows already address issues such as women’s empowerment and illiteracy, broadcasters worry that the new regulations, which may get tighter with time, may result in more preachy or …

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‘Jio’s 5G rollout to be fastest in the world’ indiabusinessport.com

New Delhi: India’s largest telco, Reliance Jio, will clock the fastest rollout of 5G services in the world, said chairman Akash Ambani at a post-budget webinar of the ministry of electronics and information technology. Jio has launched 5G services in 277 cities so far in India, with the largest deployment of over 40,000 sites and …

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Discom economics behind the dismal summer ahead indiabusinessport.com

Spare a thought for several towns and cities where people may not be able to switch on their air conditioners all the time. Bhuj, Morbi and Anjar, along with other towns in Gujarat, for instance, are already encountering long hours of power cuts. The reason: state run power distribution companies, or discoms, have cut off …

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