ICC announces digital content partnership with Facebook till 2023 | WeForNews | Latest News, Blogs ICC announces digital content partnership with Facebook till 2023 – WeForNews | Latest News, Blogs
Connect with us

Business

ICC announces digital content partnership with Facebook till 2023

The future of AR and VR is being charted by Facebook and we are excited about the possibility of bringing the best of our innovations to fans around the world.”

Published

on

Dubai, Sep 26 : The International Cricket Council on Thursday announced a ground-breaking partnership with Facebook which will become the exclusive digital content rights partner for ICC global events in the Indian sub-continent and will also carry post-match recaps throughout the rest of the world through to 2023.

The collaboration builds on the unprecedented digital success of the ICC World Cup 2019, which cemented cricket’s position as one of the world’s most watched sports, netting 4.6 billion #CWC19 video views across ICC’s digital and social media platforms.

Facebook will carry a range of digital content across four years including match recaps, in-play key moments and other match and feature content, giving the hundreds of millions of cricket fans in the region the opportunity to deepen their engagement with the sport with more content available than ever before.

ICC Chief Executive Manu Sawhney said: “We are delighted to welcome Facebook to the global cricket family for this multi-year, multi-market partnership which is a first for our sport. The combination of one of the world’s most watched sports with one of the world’s largest platforms is exciting for the future of our game.

“The record-breaking growth in digital consumption at this summer’s ICC World Cup demonstrated the continued power of cricket to connect and engage more deeply with diverse audiences around the world. Throughout the competitive bid process, we received tremendous interest from a range of platforms, all of whom recognise the phenomenal reach of cricket. In Facebook, we have a genuine partner who shares in our ambition to continue to grow and deepen engagement with cricket fans globally using its platforms.”

Ajit Mohan, VP and Managing Director Facebook India said, “We are excited to partner with the ICC to bring the most exciting moments in cricket to Facebook Watch and to chart the next stage of technology led transformation in cricket.

With Facebook, Instagram and WhatsApp, the ICC has an exceptional opportunity to leverage our family of apps to serve current sports fans as well as bring in an entirely new generation of fans. Every day, people come to our platforms to talk about, and form friendships around, cricket. With this partnership, we will be able to serve these fans with the kind of premium content that can ignite new conversations, new connections and new followership.

The future of AR and VR is being charted by Facebook and we are excited about the possibility of bringing the best of our innovations to fans around the world.”

Business

November GST collection at nearly Rs 1.05 lakh Cr

The government has settled Rs 22,293 crore to CGST and Rs 16,286 crore to SGST from IGST as regular settlement. The total revenue earned by Central government and the State governments after regular settlement in the month of November 2020 is Rs 41,482 crore for CGST and Rs 41,826 crore for the SGST.

Published

on

By

Rupee

New Delhi, Dec 1 : Gross GST revenue collection in November stood at nearly Rs 1.05 lakh crore, an official statement said on Tuesday.

The revenues for the month of November 2020 were 1.4 per cent higher than the GST revenues in the same month last year.

During the month, revenues from import of goods was 4.9 per cent higher and the revenues from domestic transaction, including import of services, are 0.5 per cent higher that the revenues from these sources during the same month last year.

The total goods and services tax collected includes Central GST (CGST) of Rs 19,189 crore, State GST (SGST) of Rs 25,540 crore and Integrated GST (IGST) of Rs 51,992 crore.

“The gross GST revenue collected in the month of November, 2020 is Rs 1,04,963 crore of which CGST is Rs 19,189 crore, SGST is Rs 25,540 crore, IGST is Rs 51,992 crore (including Rs 22,078 crore collected on import of goods) and Cess is Rs 8,242crore (including Rs 809 crore collected on import of goods),” said the Finance Ministry statement.

The total number of GSTR-3B returns filed for the month of November 30 2020 was 82 lakhs.

The government has settled Rs 22,293 crore to CGST and Rs 16,286 crore to SGST from IGST as regular settlement. The total revenue earned by Central government and the State governments after regular settlement in the month of November 2020 is Rs 41,482 crore for CGST and Rs 41,826 crore for the SGST.

Continue Reading

Business

Amalgamation of LVB with DBS Bank completed, Rs 2,500 cr fund injection soon

DBS Bank India Limited is first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank.

Published

on

By

Lakshmi Vilas Bank

New Delhi, Nov 30 : Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of Singapore-based DBS Group Holdings Ltd.

In a statement on Monday, DBS Bank said that the scheme of amalgamation is under the special powers of the Government of India and Reserve Bank of India under Section 45 of the Banking Regulation Act, 1949, India, and has come into effect on November 27, 2020.

It added that the amalgamation provides stability and better prospects to LVB’s depositors, customers and employees following a period of uncertainty. The moratorium imposed on LVB was lifted from November 27, 2020 and banking services were restored immediately with all branches, digital channels and ATMs functioning as usual.

LVB customers can continue to access all banking services. The interest rates on savings bank accounts and fixed deposits are governed by the rates offered by the erstwhile LVB till further notice. All LVB employees will continue in service and are now employees of DBIL on the same terms and conditions of service as under LVB.

The DBS team is working closely with LVB colleagues to integrate LVB’s systems and network into DBS over the coming months, the statement said.

Once the integration is complete, customers will be able to access a wider range of products and services, including access to the full suite of DBS digital banking services which have won multiple global accolades, it added.

Moreover, the bank asserted that it is well-capitalised and its capital adequacy ratios (CAR) will remain above regulatory requirements even after the amalgamation.

Additionally, the DBS Group will inject Rs 2,500 crore into DBIL to support the amalgamation and for future growth. This will be fully funded from DBS Group’s existing resources.

DBS has been in India since 1994 and converted its India operations to a wholly owned subsidiary (DBIL) in March 2019.

Surojit Shome, CEO of DBS Bank India Limited, said, “The amalgamation of LVB has enabled us to provide stability to LVB’s depositors and employees. It also gives us access to a larger set of customers and cities where we do not currently have a presence. We look forward to working with our new colleagues towards being a strong banking partner to LVB’s clients.”

On November 27, the 94-year-old Karur-headquartered LVB cease to exist officially as it was amalgamated with DBS Bank India.

As part of the moratorium announced by RBI on November 17, withdrawal of deposits from LVB were capped at Rs 25,000 and this will be taken off from November 27 onwards.

On its part, the Central government notified in the official gazette that the Lakshmi Vilas Bank Limited (Amalgamation with DBS Bank India Limited) Scheme, 2020 will come into force on November 27.

As announced earlier by Reserve Bank of India (RBI) in its draft scheme of amalgamation, the Central government had notified: “On and from the appointed date, the entire amount of the paid-up share capital and reserves and surplus, including the balances in the shares or securities premium account of the transferor bank, shall stand written off.”

DBS Bank India Limited is first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank.

In 2016, DBS launched India’s first, mobile-only bank-digibank, which now has over 2.6 million customers.

Continue Reading

Business

UK bans installation of Huawei 5G telecom gear from Sep 2021

The US Federal Communications Commission (FCC) designated Chinese telecom companies, Huawei and ZTE, as national security risks to America’s communications networks.

Published

on

By

Huawei Technologies

London: The UK government announced on Monday that the Chinese telecom giant Huawei will not be able to install its 5G equipments in the country from September 2021.

The Department for Digital, Culture, Media and Sport said that as per its earlier decision, the UK carriers will no longer be able to install Huawei equipment beginning September 2021.

The UK government has laid out a roadmap for removing all telecoms equipment made by “high risk vendors,” including Huawei, from the country’s 5G network by 2027, reports CNET.

In July this year, the UK government had announced a ban on the purchase of new Huawei kits for 5G from next year and said that the Chinese telecom giant’s equipment will be completely removed from 5G networks by the end of 2027.

The telecoms operators have seven years to remove its existing technology from their 5G infrastructure at an expected cost of 2 billion pounds.

The decision came following new advice produced by the National Cyber Security Centre (NCSC) on the impact of US sanctions against the telecommunications vendor.

The US Federal Communications Commission (FCC) designated Chinese telecom companies, Huawei and ZTE, as national security risks to America’s communications networks.

In a U-turn, the UK government that earlier allowed Huawei to sell its 5G technology in the country, signalled a tougher stand against the Chinese telecom giant.

Huawei called the decision “bad news for anyone in the UK with a mobile phone”.

Struggling to keep its consumer business afloat in the wake of the US sanctions, Huawei this month announced to sell off its Honor smartphone business assets to China-based Shenzhen Zhixin New Information Technology Co Ltd.

The company said that the sale — which could be around $15 billion according to multiple reports — will help Honor’s channel sellers and suppliers make it through this difficult time.

Honor smartphones have been hit by US sanctions that prevent Huawei from doing business with the US companies.

Continue Reading
Advertisement

Most Popular

Corona Virus (COVID-19) Live Data

COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization.