Top News:

1. Reports: IPL Media Rights value crosses Rs 43000 cr
The Indian Premier League (IPL) media rights value has surpassed the expectation by crossing Rs 43,000 crore (over $5 billion) on day one of the e-auction held on Sunday, as per reports. The rights are for 2023-2027.

2. I&B Ministry advises against ads for online betting platforms
The Information and Broadcasting Ministry advised the print, electronic and digital media to refrain from advertising online betting platforms, saying betting and gambling are illegal in “most parts” of the country.

3. CleverTap completes acquisition of Leanplum
CleverTap has announced it has completed its acquisition of San Francisco based Leanplum, a multi-channel customer engagement platform. The acquisition becomes revenue accretive for CleverTap from June 1st 2022.

4. Menaka Doshi quits Bloomberg Quint
Menaka Doshi has stepped down as Managing Editor, Bloomberg Quint. She was associated with the group for over six years. Doshi took to Twitter to announce the move.

5. OMD appoints new Head of Strategy
OMD has appointed Charul Tomar as its new Head of Strategy. In her role at OMD, she will be spearheading impactful, strategic initiatives across the board.