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News on Medial
Uncertainty Looms Over Free Fire’s India Launch
Inc42
·
1y ago
Medial
The relaunch of Garena Free Fire in India remains uncertain, according to Sea's CEO Forrest Li. The battle royale game was among the 54 Chinese apps banned in India in February 2022. Li mentioned that Sea is actively working with stakeholders to determine the best plan for the game's relaunch, highlighting the potential benefits in terms of user base and bookings. This news comes after the initial tease of the game's relaunch eight months ago, with no clear timeline provided. Sea had previously committed to localising the game's server and making it exclusive to India.
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GTA 6 faces significant setback, potential release delay looms: Report
Livemint
·
1y ago
Medial
Reports suggest that the development of GTA 6 is facing delays, which may impact the game's scheduled release in 2025. Rockstar executives are concerned about meeting the deadline and have urged employees to return to the office by April 2024. While the internal target for release is spring 2025, insiders believe a fall 2025 launch is more likely. The uncertainty surrounding GTA 6's development has led to speculation of a potential delay until 2026. The release of the PC port could also be affected if there is a delay.
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TikTok's fate divides Trump and fellow Republicans as Supreme Court action looms
Economic Times
·
7m ago
Medial
President-elect Donald Trump is asking the Supreme Court to block a U.S. ban on TikTok, citing free speech rights, while many Republicans support the ban over national security concerns. The court, with a conservative majority, faces a significant free speech case. TikTok's parent, ByteDance, must sell the platform or face a ban. Trump, once critical of TikTok, now supports it, creating a divide with Republican allies. The decision could impact digital platforms with foreign ties.
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For TikTok users, mourning, frustration and clinging to hope as TikTok ban looms
Economic Times
·
6m ago
Medial
The looming US TikTok ban has sparked uncertainty and frustration among users, particularly influencers and small business owners reliant on the platform for income. The Supreme Court upheld a law requiring TikTok's sale by its China-based parent due to national security risks, risking a ban from Sunday. Users find themselves in limbo, uncertain about enforcement, with transition challenges looming. The ban challenges the creator community to adapt and highlights strategic shifts amid political dynamics.
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Hyundai hoping to regain market share in India as auto major’s $3 billion IPO looms, lines up SUV launches & more | Mint
Livemint
·
11m ago
Medial
Hyundai Motor plans to launch a series of new SUVs in India as part of its strategy to regain market share from domestic rivals. The automaker, which is gearing up for a $3 billion public listing in the country, will begin with the launch of its first India-made electric vehicle early next year, followed by two gasoline-powered models. Hyundai's market share in India has declined to 14.6% from 17.5% four years ago, as competition from domestic manufacturers such as Tata Motors and Mahindra & Mahindra has increased. Hyundai aims to boost global sales by 30% by 2030.
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India, Australia trade talks hit dairy, wine tariff hurdles as year-end deadline looms, say sources
Economic Times
·
28d ago
Medial
India-Australia trade discussions face setbacks due to India's refusal to cut tariffs on dairy and wine, critical issues for concluding the second phase of their trade pact. The reluctance stems from concerns over impacts on Indian farmers and the budding wine industry. Despite these hurdles, both nations remain hopeful, with India suggesting concessions on non-agricultural goods. The ongoing Comprehensive Economic Cooperation Agreement (CECA) seeks to enhance bilateral trade and economic resilience.
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Indian govt probes Telegram as CEO Pavel Durov arrested in France, potential ban looms: Report
Internet
·
11m ago
Medial
The Indian government is investigating Telegram over concerns of its use in criminal activities, including extortion and gambling. This follows the arrest of Telegram's CEO, Pavel Durov, in Paris on August 24. The probe, led by the Ministry of Home Affairs and MeitY, could lead to a potential ban on the app in India depending on the investigation's outcome.
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Harnessing Free-to-Use Intellectual Property For Business Growth
Inc42
·
1y ago
Medial
In the fiscal year 2023, over 41,000 patents were granted in India, a significant increase compared to a decade ago. Despite this, India's share of global patents remains low at just over 2%. Many unpatented innovations are free to use in India, as patent holders cannot enforce their rights domestically. Leveraging this free-to-use intellectual property can provide valuable insights and innovation opportunities. Companies can access patent information, implement new features, improve products, and stay ahead of the competition. Utilizing free technologies can also foster an intellectual property culture and drive business growth.
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Mercedes-Benz India seeks long-term policy commitment for electric mobility
YourStory
·
1y ago
Medial
Mercedes-Benz India is urging the government to maintain consistent policies supporting electric mobility over the next eight to ten years to enable better long-term planning for zero-emission vehicles. The automaker believes extending incentives for electric vehicles to hybrid models will help facilitate a smoother transition to emission-free mobility. Mercedes-Benz India has seen an increase in electric vehicle sales, reaching a penetration rate of 6% in Q1 2024, and plans to launch three new EV models this year. The company is also calling for increased investment in infrastructure to further boost the growth of electric mobility.
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Swiggy rolls out ‘Lite’ plan, bundling for One programme to take on Zomato Gold
Economic Times
·
1y ago
Medial
Swiggy has introduced a cheaper version of its membership program called Swiggy One Lite, offering 10 free deliveries on food orders over Rs 149 for a three-month period. Additionally, users will receive free deliveries on Instamart orders above Rs 199 and a 10% discount on Swiggy Genie deliveries over Rs 60. The launch aims to attract non-members and comes as Swiggy and Zomato compete to increase their subscription base during the festive season. Swiggy One had a few million subscribers as of late August, while Zomato Gold had 1.8 million subscribers as of March.
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Drone manufacturing surges, but rare earth magnet dependency looms
Livemint
·
1m ago
Medial
India's drone industry is expanding rapidly, driven by defense needs, supportive policies, and a growing startup ecosystem. However, it heavily relies on imported components, especially rare-earth magnets essential for drone motors, posing a significant challenge. With China tightening export controls on these magnets, industry experts warn of potential bottlenecks. While India is developing capabilities in airframes, batteries, and software, achieving self-reliance in drone manufacturing requires overcoming these dependencies.
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