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A Special Court in Bengaluru has dismissed a complaint alleging a conspiracy involving Karnataka Chief Minister Siddaramaiah, Minister K J George, and three senior officials to cause significant advertisement revenue losses to the Bruhat Bengaluru Mahanagara Palike (BBMP) between 2015 and 2017. The court ruled that the accusations lacked substance and were based on conjecture rather than concrete evidence. The complaint, filed by N R Ramesh, a former corporator and BJP leader, claimed that the BBMP suffered losses of Rs 68.14 crore during Siddaramaiah's earlier tenure as Chief Minister (20132018). Ramesh alleged that the state government used BBMP-owned bus shelters to advertise its achievements without paying the mandatory advertisement fee. He further claimed that Congress leaders may have bribed BBMP and Information Department officials to avoid raising dues. However, in its April 28 order, the Special Court, presided over by Judge Santhosh Gajanan Bhat, found the allegations .
Ad revenue growth is estimated to slow down to 7 per cent in 2025 from the 8.8 per cent attained in 2024, a leading media agency said on Tuesday. WPP entity GroupM pegged the Indian advertising revenues across all media formats to grow at 7 per cent to Rs 1,64,137 crore in 2025, from Rs 1,53,407 crore in 2024. India will be the ninth biggest advertising market globally in a list that has the US, China, and the UK as the top-three countries. Globally, the ad revenue growth is set to slow down to 7.7 per cent in 2025 from 9.5 per cent in 2024. Digital ad spends will be driving the growth for India with an 11.5 per cent growth in ad revenue to nearly Rs 1 lakh crore, as per the agency's 'This Year Next Year' report. The report said digital spends will be 60 per cent of the overall spends in India, as against 82 per cent globally in 2025. Television will be the second biggest by revenues at Rs 42,431 crore, but is likely to witness a 1 per cent decline in revenues in 2025 from the R
The government has directed social media and online platforms to ensure that they do not host advertisements of fraudulent loan apps, Union Minister Rajeev Chandrasekhar said on Wednesday. Chandrasekhar said the IT ministry has made it clear to the platforms that they cannot carry fraudulent loan apps as those are misleading and exploit people using the internet. "One of the areas we are now cracking down on is advertising of fraudulent loan apps that many platforms are carrying and we have, through yesterday's advisory, made it clear that no intermediary can carry advertisements of fraudulent loan apps because it will be misleading and exploits people who are using the internet," the Minister of State for Electronics and IT said on the sidelines of an event. Jurisprudence and government approach on safe and trusted internet is evolving, he said adding that IT rules clearly specify 11 areas of prohibited content.
Realty portal Housing.com will invest Rs 40 crore in one year on a TV and digital advertising campaign, as it seeks to increase user base at its platform and simplify buy-sale and renting journey of consumers. "We have launched our new ad campaign that captures the ethos on which Housing.com has been built -- to facilitate the search and discovery for everyone till they find their perfect home," said Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com and Makaan.com. Housing.com seeks to provide consumers maximum options so that they don't have to settle for anything less than perfect, he added. The company would invest about Rs 40 crore on this campaign over the next 12 months, Agarwala said. The ad campaign will be run on TV, digital and OTT platforms, Housing.com said, adding that the target is to reach over 100 million impressions. Australian proptech firm REA Group, which owns three portals in India including Housing.com, has invested nearly 300 million Australian dollars i
Sale of advertisement space on internet would be liable to 18 per cent Goods and Services Tax, the Karnataka bench of Authority for Advance Ruling has said. E-commerce portal Myntra Designs Pvt Ltd had approached the AAR seeking a ruling on whether providing advertisement space on its portal to foreign entity Lenzing Singapore Pte Ltd was liable to GST. The AAR said Myntra is only leasing the advertisement space to its customer and the advertiser (Lenzing) is providing advertisement services to its customer. The service provided by Myntra to Lenzing is that of rendering 'sale of internet advertising space (except on commission)' and is charging a fixed rate and not a commission for providing such space. Hence, the same will be classified under 'other professional, technical and business services' under GST law and is liable to GST at 18 per cent. AMRG & Associates Senior Partner Rajat Mohan said, This ruling would clarify on the scope of sale of space on internet and on the ...