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India’s media machine is accelerating while the world slows to a crawl: PwC’s Rajesh Sethi

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MUMBAI: India’s sports and media ecosystem is having a blockbuster year, but behind the flashy scoreboards lie silent battles for talent, revenue stability and technological readiness. Cricket continues to rule the nation, with women’s sport finally seizing its overdue spotlight, yet the real power shift is happening online.

Rajesh Sethi, partner and leader for media, entertainment and sports at PwC India, says the Women’s Premier League may have dazzled screens, but the sector’s biggest hurdles rarely make headlines. “Infrastructure gaps at smaller venues are holding back production quality and long-term talent pipelines,” he notes. Add piracy, soaring media rights fees and viewer fatigue from juggling multiple streaming subscriptions, and suddenly the golden age of sports broadcasting looks more like a high-wire act.

Advertising volatility has not helped either. The collapse in real-money gaming spending left cricket broadcasters scrambling to fill revenue gaps. Scheduling clashes have stretched resources thin. And as India demands more women in commentary boxes and broadcast crews, the professional talent pool has failed to keep pace, leaving broadcasters reliant on a tiny group of voices.

If there is a clear winner this year, Sethi says it is digital streaming. “OTT platforms drew record audiences with exclusive sports rights. Mobile-first access is fuelling adoption in urban and semi-urban markets, while features like multi-camera angles and live stats keep fans glued,” he explains. With advertisers chasing precision and younger fans ditching appointment TV, digital has become the new centre of gravity.

TV, though, is no relic. It remains the go-to for mass reach, especially in rural India, but investors are following the growth curves, not nostalgia. “Television is steady, but OTT is where the innovation and upside lie,” says Sethi.

Print, meanwhile, refuses to follow the global script. With a projected 3.3 per cent rise, the old ink-and-paper workhorse is thriving in India’s tier-2 and tier-3 cities. “Trust in print is extremely high. Rising literacy is driving readership, especially where newspapers symbolise prestige for first-generation literate households,” Sethi points out. Hyper-local content and cost-effective advertising keep the presses rolling.

And then there is AI, hyped, hustled and somehow still half-baked. Sethi argues that India’s media firms are stuck in “proof-of-concept purgatory”. “AI adoption must move beyond isolated pilots. Content creation sometimes lacks cultural nuance and regional language depth. Advertising personalisation misfires. Piracy enforcement needs teeth.” His prescription is clear. Industry-wide integration, governance frameworks and AI Centres of Excellence to kill fragmentation.

So, how does he sum up the year? In one word: transformative. Digital-first strategies have moved from ambition to inevitability. Regional and hyper-local content is no longer side content. It is the content. And the business model itself is mutating at speed.

India is not just rewriting the playbook. It is changing the game, and the whistle has only just blown for the first half. The next season will be unmissable.

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Netflix celebrates a decade in India with Shah Rukh Khan-narrated tribute film

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MUMBAI: Netflix is celebrating ten years in India with a slick anniversary film voiced by Shah Rukh Khan, a nostalgic sprint through a decade that rewired how the country watches stories. The campaign doubles as both tribute and reminder: streaming did not just enter Indian homes, it quietly rearranged them.

Roll back to 2016 and television still dictated schedules. Viewers waited weeks, sometimes months, for favourite films to appear on prime time. Family-friendly filters narrowed options further, and piracy often filled the gaps. Then Netflix arrived, softly but decisively, carrying a catalogue of international titles rarely seen in Indian theatres and placing them a click away. Old blockbusters and new releases suddenly coexisted on the same digital shelf.

The platform’s real inflection point came in 2018 with Sacred Games, a breakout series that refused to dilute India’s grit for global comfort. Audiences embraced its unvarnished tone, signalling readiness for stories that did not need box-office validation or censorship compromises. What followed was a steady procession of relatable narratives. Competitive-exam anxiety fuelled Kota Factory. College relationships unfolded in Mismatched. Everyday pressures, not grand spectacle, proved bankable.

Language barriers thinned as foreign series arrived with Hindi, Tamil and Telugu dubbing, expanding viewership beyond urban English-speaking pockets. Marketing mirrored the shift. For global releases such as Squid Game, Netflix leaned on regional creators and influencers to localise buzz and make international content feel native.

The library widened beyond fiction. Documentaries stepped out of festival circuits into living rooms. Stand-up comedians found scale. Established filmmakers, including Sanjay Leela Bhansali with Heeramandi, embraced the platform’s long-form canvas. Subscriber numbers swelled to 12.37 million in India, according to Demandsage, and behaviour followed suit. Late-night binges became routine. Friday release rituals loosened. Watch parties turned solitary screens into social events.

Economics demanded adjustment. Early subscription pricing carried a premium aura that deterred many households. Over time, Netflix recalibrated plans to align with Indian spending sensibilities, conceding that accessibility is as critical as content. To extend momentum around marquee titles, the platform also experimented with split-season releases, stretching anticipation and watch time.

The anniversary film, narrated by Shah Rukh Khan, captures the linguistic shift that mirrors the cultural one: from “Netflix pe kya dekha?” to “Netflix pe kya dekhein?” The question moved from recounting the past to planning the next binge. In ten years, Netflix morphed from foreign entrant to familiar fixture, exporting Indian stories abroad while importing global ones home. The remote no longer waits; it chooses, clicks and moves on. In the streaming age, patience is out, playlists are in, and the next episode is always one tap away.

 

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Delhivery chairman Deepak Kapoor, independent director Saugata Gupta quit board

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Gurugram: Delhivery’s boardroom is being reset. Deepak Kapoor, chairman and independent director, has resigned with effect from April 1 as part of a planned board reconstitution, the logistics company said in an exchange filing. Saugata Gupta, managing director and chief executive of FMCG major Marico and an independent director on Delhivery’s board, has also stepped down.

Kapoor exits after an eight-year stint that included steering the company through its 2022 stock-market debut, a period that saw Delhivery transform from a venture-backed upstart into one of India’s most visible logistics platforms. Gupta, who joined the board in 2021, departs alongside him, marking a simultaneous clearing of two senior independent seats.

“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the board of directors in line with our ambitious next phase of growth,” said Sahil Barua, managing director and chief executive, Delhivery. The statement frames the exits less as departures and more as deliberate succession, a boardroom shuffle timed to the company’s evolving scale and strategy.

The resignations arrive amid broader governance recalibration. In 2025, Delhivery appointed Emcure Pharmaceuticals whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya, and IIM Bangalore faculty member Padmini Srinivasan as independent directors, signalling a tilt towards consumer, fintech and academic expertise at the board level.

Kapoor’s tenure spanned Delhivery’s most defining years, rapid network expansion, public listing and the push towards profitability in a bruising logistics market. Gupta’s presence brought FMCG and brand-scale perspective during a period when ecommerce volumes and last-mile delivery economics were being rewritten.

The twin exits, effective from the new financial year, underscore a familiar corporate rhythm: founders consolidate, veterans rotate out, and fresh voices are ushered in to script the next chapter. In India’s hyper-competitive logistics race, even the boardroom does not stand still.

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Meta appoints Anuvrat Rao as APAC head of commerce partnerships

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SINGAPORE: Anuvrat Rao has taken charge as APAC  head of commerce and signals partnerships at Meta, steering monetisation deals across Facebook, Instagram and WhatsApp from Singapore. The former Google executive, known for launching Google Assistant, PWAs, AMP and Firebase across Asia-Pacific, steps into the role after a high-growth stint as chief business officer at Locofy.ai.

At Locofy.ai, Rao helped convert a three-year free beta into a paid engine, clocking 1,000 subscribers and 15 enterprise clients within ten days of launch in September 2024. The low-code startup, backed by Accel and top tech founders, is famed for turning designs into production-ready code using proprietary large design models.

Before that, Rao founded generative AI venture 1Bstories, which was acquired by creative AI platform Laetro in mid-2024, where he briefly served as managing director for APAC. Alongside operating roles, he has been an active investor and advisor since 2020, backing startups such as BotMD, Muxy, Creator plus, Intellect, Sealed and CricFlex through a creator-economy-led thesis.

Rao spent over eight years at Google, holding senior partnership roles across search, assistant, chrome, web and YouTube in APAC, and earlier cut his teeth in strategy consulting at OC&C in London and investment finance at W. P. Carey in Europe and the US.

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