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News on Medial
Verify people with govt ID: Maha Police to BookMyShow after Coldplay, Diljit ticket case
Inshorts
·
9m ago
Medial
Maharashtra Police instructed BookMyShow to verify attendees' identities using at least one government-issued ID card on the day of the event. This comes after FIRs were registered regarding fraudulent sale of tickets for Coldplay and Diljit Dosanjh's concerts. Police has also directed BookMyShow to print attendees' names on tickets or bands or incorporate names into the RFID band's QR code.
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Concert Mania: BookMyShow, Zomato Take Legal Action Against Ticket Reselling Platforms
Inc42
·
11m ago
Medial
BookMyShow has filed a police complaint related to the reselling of tickets for the "Coldplay: Music Of The Spheres World Tour" concert. The company stated that it has no affiliation with ticket reselling platforms like Viagogo and Gigsberg, and third-party individuals who are reselling tickets for the Coldplay concert. Additionally, Zomato Live, Zomato's ticketing platform, has sent a legal notice to Viagogo for selling tickets to Diljit Dosanjh's concert.
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Coldplay Row: Mumbai Police Summons BookMyShow CEO Over Alleged Black Marketing Of Tickets
Inc42
·
10m ago
Medial
BookMyShow, the popular ticketing platform, has been issued a summons by the Mumbai Police following a complaint about the black market sale of tickets for the Coldplay concert. The company has clarified that it has no affiliation with ticket reselling platforms or individuals involved in the resale of tickets for the event. BookMyShow had previously filed a police complaint regarding the resale of tickets for the exclusive Coldplay concert.
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BookMyShow under scanner over Coldplay tickets row: all you need to know
Economic Times
·
10m ago
Medial
- BookMyShow, an entertainment ticketing platform, received a second summons from Mumbai Police's Economic Offences Wing (EOW) regarding irregularities in ticket sales for the Coldplay concert. - The CEO of BookMyShow's parent company, Ashish Hemrajani, failed to appear for the summons, while the COO, Anil Makhija, met with officials. - Allegations were made against BookMyShow for black market ticket sales and using bots to control ticket sales. - Fans expressed anger and demanded more transparency in ticket sales for big events, causing outrage on social media. - BookMyShow issued statements urging fans to purchase tickets through official channels, implemented a queuing system, and filed a police complaint about counterfeit ticket sales.
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BookMyShow, Zomato And India’s Concert Mania
Inc42
·
10m ago
Medial
Zomato and BookMyShow recently faced challenges with ticket scalping for popular events. Zomato's acquisition of Paytm Insider and its ticketing business may have provided insights into the value of this sector. The incidents involving Diljit Dosanjh's tour and Coldplay's concert exposed the issue of scalpers using bots to buy tickets and sell them at significantly higher prices. These incidents highlight the need for platforms like Zomato and BookMyShow to address ticket scalping and improve the user experience for live events.
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Zomato under scrutiny for selling Honey Singh’s Millionaire India Tour tickets without buyer’s name
Livemint
·
6m ago
Medial
Zomato is under scrutiny from the Maharashtra Cyber Cell for selling Honey Singh concert tickets without buyers' names. This raises concerns about potential violations of ticketing regulations and security risks. The cell aims to curb practices like black marketing, seen previously in the Coldplay concert case where tickets were resold at inflated prices. Zomato is expected to provide an explanation, and similar directives had been issued to BookMyShow in the past.
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We want to establish India as a global live entertainment hub: BookMyShow’s Owen Roncon
Business Today
·
1y ago
Medial
BookMyShow plans to establish India as a global live entertainment hub by focusing on unique experiences like the recently-concluded Nykaaland festival. The company aims to move beyond music and expand into newer segments like beauty. With upcoming concerts featuring big artists like Ed Sheeran, BookMyShow is set to make even bigger strides in the live entertainment space. The company has a pipeline of events in the works and plans to fill gaps in the market. After the pandemic, live entertainment shows have seen a strong bounce back, with high ticket demand for concerts like Backstreet Boys.
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BookMyShow posts Rs 1,026 Cr income and Rs 85 Cr profit in FY23
Entrackr
·
1y ago
Medial
BookMyShow, India's leading online ticket booking platform, has made a remarkable comeback after the pandemic, with a 13X growth in revenue and a hefty profit in the fiscal year ending March 2023. Its revenue from operations surged to Rs 976 crore in FY23, driven by a significant increase in income from ticket bookings and partnerships with live events and concerts. The company's effective cost management measures and three-fold scale contributed to its first-ever profit of Rs 85 crore in FY23, signaling its adaptability and success in the live events ecosystem.
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Beware of job scam! Man loses ₹18 lakh in recent case; here are some safety tips
Livemint
·
1y ago
Medial
Online scams offering quick income through part-time work or tasks are enticing many, often via WhatsApp. A Mumbai resident lost around ₹18 lakh ($24,000) in such a scam after being promised easy money. The victim, initially enticed by fraudsters, transferred money to multiple accounts expecting returns but never received any. Navi Mumbai cyber police launched an investigation. To avoid such scams, people should exercise vigilance when dealing with suspicious emails or messages, avoid clicking on unfamiliar links, protect personal information, verify requests, and take swift action when suspicious of a scam. These precautions can help reduce the risk of falling victim to online fraud.
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Govt Warns Against Illegal Payment Gateways Facilitating Laundering
Inc42
·
9m ago
Medial
The Ministry of Home Affairs (MHA) and the Indian Cybercrime Coordination Centre (I4C) have issued an alert against illegal payment gateways that facilitate money laundering. Transnational criminals have been found to have created illegal digital payment gateways using mule or rented accounts, as discovered by Gujarat Police and Andhra Pradesh Police during a country-wide raid. This comes weeks after the Maharashtra government partnered with L&T Technology Services to establish an advanced cyber command and control centre in Navi Mumbai.
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No angel tax scrutiny for DPIIT-recognised startups: Govt
News 18
·
1y ago
Medial
Startups registered with DPIIT (Department for Promotion of Industry and Internal Trade) will not be subjected to assessment proceedings for angel tax amendments introduced in Budget 2023. The Budget widened the scope of angel tax to include foreign investments, but exemptions were provided for startups registered with DPIIT. In a circular, the CBDT (Central Board of Direct Taxes) stated that if a DPIIT-recognised startup is chosen for scrutiny regarding angel tax, the assessing officer will not verify the case and the startup's contention will be accepted. This provides much-needed clarity on the applicability of angel tax on registered startups.
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