Communication Services

the grace period for new mobile phone detection cameras ends on September 18th, and with it comes the sting of fines and demerit points for those caught using their phones behind the wheel. Over 30,000 drivers were caught during the grace period, with some repeat offenders facing potential fines of up to $12,500.

Journalists at Nine newspapers, including The Age, Sydney Morning Herald, and The Australian Financial Review, have embarked on a five-day strike following the rejection of a pay offer deemed inadequate. The strike, which commenced on Friday, July 21st, will not disrupt the production of newspapers or the company's coverage of the Paris Olympics, according to Nine Entertainment.

Byju's, the Indian ed-tech giant, is staring down the barrel of potential closure as the National Company Law Tribunal (NCLT) admitted a plea from the Board of Control for Cricket in India (BCCI) to initiate insolvency proceedings against the company. The BCCI is seeking to recover unpaid dues of Rs 158 crore from Byju's, which had a sponsorship contract with the Indian cricket team.

The Competition Commission of India (CCI) has submitted around 100 questions to Reliance Industries and Walt Disney concerning their $8.5 billion merger of media assets in India. The merger, which will create the largest entertainment entity in India, has raised antitrust concerns, particularly regarding valuable sports rights like cricket broadcasting.

Private equity firm CVC Capital Partners is reportedly considering the sale of a majority stake in the Indian Premier League (IPL) franchise, Gujarat Titans. The firm is engaged in discussions with Adani Group and Torrent Group, both based in Ahmedabad, to potentially offload a controlling interest.