5 Minutes Read

Jio partners with FanCode to offer complimentary sports streaming

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Reliance Jio partners with FanCode to offer free sports streaming, including exclusive F1 content, to select JioAirFiber, JioFiber, and Jio Mobility prepaid plan users. This initiative, catering to sports enthusiasts, applies to both new and existing subscribers at no extra cost.

Reliance Jio has announced a with FanCode, a leading sports OTT platform. This collaboration will provide complimentary FanCode subscriptions to users of select JioAirFiber, JioFiber, and Jio Mobility prepaid plans, offering unparalleled access to live sports streaming, including exclusive Formula 1 content.

The offer is designed to cater to the burgeoning demand for live sports content among Indian viewers, particularly Formula 1 aficionados. Eligible JioAirFiber and JioFiber customers on plans priced at 1,199 and above, as well as Jio Mobility Prepaid users on 398, 1,198, 4,498 plans, and the newly introduced 3,333 annual plan, will benefit from this complimentary access. This initiative applies to both new and existing subscribers of the specified plans, at no additional cost.

FanCode, renowned for its comprehensive coverage of a wide array of sports including cricket, football, basketball, and more, holds the exclusive broadcast rights for Formula 1 in India for the 2024 and 2025 seasons. Subscribers can look forward to not just races but also practice and qualifying sessions, Sprint races, and Grands Prix. The platform also offers live streaming of major sporting events, in-depth analysis, real-time updates, extensive sports libraries, and the latest news from the world of sports.

Also read: Bharti Airtel: Tariffs ‘absurdly low’, ‘substantial’ hike needed

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

CII Annual Business Summit 2024: Azim Premji emphasises integrity and responsibility

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

At the CII Annual Business Summit 2024, Wipro founder Azim Premji emphasised the importance of integrity and expanded corporate responsibility. He advocated for ethical practices, comprehensive CSR, and engaging with community struggles to truly understand and fulfill corporate duties towards creating a sustainable future.

At the Confederation of Indian Industry (CII) Annual Business Summit 2024, Wipro founder Azim Premji delivered a compelling address on the essence of integrity and the expansive scope of corporate responsibility. Premji, known for his philanthropic efforts and ethical business practices, highlighted the critical need for businesses to operate with the highest standards of integrity, stating that a lack of integrity signifies a lack of character.

Drawing from history, Premji referenced the East India Company’s operations in India, pointing out that despite not violating any laws of the time, their actions were ultimately recognized as violations of fundamental human decency and integrity. This historical example underscores his message that today’s companies must transcend conventional frameworks to understand their impact on society truly.

“Today’s companies in India must be looked at from beyond the frameworks we’ve set for ourselves,” Premji remarked, emphasising the need for a broader perspective on corporate social responsibility (CSR). “We keep talking about CSR but we have to understand that we have no limits to our responsibility,” he added, advocating for a deeper comprehension of corporate duties towards building a sustainable world.

Premji stressed the importance of collective action and discussion in achieving these goals, urging businesses to be “clear, clean, honest, and firm” in their operations. He called on companies to adhere to ethical standards and ESG (Environmental, Social, and Governance) frameworks, and to reassess CSR budgets to ensure they address fundamental needs.

The billionaire philanthropist also touched on the necessity of engaging with the broader community to fully grasp the scope of corporate responsibility. “If we don’t understand the struggles of the humble, we will not understand our responsibility towards creating the future,” he stated. According to Premji, a real insight into societal struggles and inequality comes from direct experience and engagement with ordinary lives outside the confines of corporate offices.

Premji’s address at the CII Annual Business Summit was a poignant reminder of the cost of building a better world—a cost that businesses must be prepared to bear through ethical practices, comprehensive CSR initiatives, and a genuine commitment to societal welfare.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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NITI Aayog CEO tells govt to hand over skilling institutes to pvt sector

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

NITI Aayog CEO BVR Subrahmanyam criticises India’s economic and educational systems, advocating for reforms in education, infrastructure, and agriculture to enhance growth and global integration. He suggests privatising skilling institutions and improving industry participation in global value chains to address these gaps.

In a forthright critique of India’s economic and educational framework, NITI Aayog CEO BVR Subrahmanyam has pinpointed significant deficiencies, advocating for transformative reforms across education, infrastructure investment, and agricultural sectors to propel the nation towards comprehensive growth and global value chain integration.

Subrahmanyam has not minced words in highlighting critical gaps in India’s economy.

He dwelt on India’s education and skilling gaps, stating it is the most fundamental reform needed without which everything will be a flop story. So much so that “Govt should consider handing over skilling institutions to the private sector”.

The NITI Aayog CEO also took a dig at some of India’s premier government-owned research institutes indicating they are disconnected from ground realities. “We have actually created three parallels in education. The CISRs, ICARs are ivory towers — R&D in India has nothing to do with teaching, universities have nothing to do with research, and both have nothing to do with the industry. Can we say that every CISR lab should have a college? People who suffer from all of this are the small enterprises, big companies can hire and train but the small ones are stuck,” he said.

Also read: Indians living in absolute poverty below 5% of the population, says NITI Aayog CEO

Subrahmanyam also highlighted the lack of private investment in the infrastructure sector and acknowledged that government policies will need to change to incentivise this. “Much more needs to be done to get private capital in infrastructure, it is not there and we need to come up with new models for infusing private capital”. The NITI CEO said, “Private money doesn’t come for free, new model concessionaire agreements, a new way of working with the private sector in infrastructure is needed. The private sector cannot cope with construction delays, political risks, sudden change in policies”

The NITI Aayog CEO also spoke on bringing the focus back to agriculture and increasing India’s participation in global value chains. Subrahmanyam said there is nothing to be proud of as a lot of work still needs to be done. “Agriculture has to be focused on and pushed through, in India agriculture is the sink which absorbs everything. The sector needs a whole range of interventions”, Subrahmanyam said.

The Indian industry needs to get into global value chains, which would mean low tariffs and low protectionism. Indian industry is not visible in global value chains in electronics, in auto and a whole host of other things. Let’s not be proud, there is a lot to be done, Subrahmanyam said.

Also read: This NITI Aayog member explains why he’s against MSP as a legal right

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

Twitter completes transition to X.com domain, confirms Elon Musk

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Elon Musk announced the complete transition of Twitter, now called ‘X’, to the X.com domain. Despite initial technical delays since its rebranding in July 2023, all core systems have moved, with a focus on maintaining privacy and data protection settings.

The social media giant formerly known as Twitter has now officially transitioned to the ‘X’ domain. The announcement was made by Elon Musk through a post on the newly rebranded platform.

The rebranding process began in July 2023 when Musk, having acquired Twitter in 2022, decided to rename the platform to ‘X’. The change was symbolised by replacing the iconic blue bird logo with an ‘X’. Despite the immediate logo switch, the transition of the platform’s domain to X.com encountered technical hurdles, causing delays.

However, Musk’s recent confirmation indicates that all core systems have successfully migrated to X.com. Users visiting the X login page are greeted with a notification about the URL change, reassuring them that their privacy and data protection settings remain unaffected.

This transition has not been without its challenges. For a period, users navigating to Twitter were not consistently redirected to the new X domain but landed on the platform’s original page instead. This staggered redirection process suggests a phased approach to the domain switch, with expectations set for a complete transition in the near future.

The move to X.com represents a significant milestone in Musk’s vision for the platform. While the initial domain shift began in August last year, fluctuating between the new and old domains highlighted the complexities involved in such a major digital overhaul.

With Musk’s latest announcement, it’s anticipated that the social media platform will soon cease to be accessible under its former Twitter domain, fully embracing its new identity as ‘X’.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Texmaco Rail posts 247% growth in net profit, announces dividend

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Texmaco Rail & Engineering Ltd. reported a 247% surge in Q4 net profit to ₹45.32 crore and a 37.03% increase in revenue. Annual net profit rose to ₹113.21 crore, with revenue up 56.15%. A dividend of ₹0.50 per share was recommended.

In a significant financial upturn, Texmaco Rail & Engineering Ltd. has reported a substantial increase in its consolidated net profit for the fourth quarter of the fiscal year 2023-24. The company’s net profit surged 247% to 45.32 crore, marking a notable rise from 18.33 crore in the same quarter of the previous fiscal year.

The engineering giant also witnessed a remarkable 37.03% increase in its revenue from operations, which soared to 1,144.56 crore in the fourth quarter of FY24, up from 835.27 crore in the corresponding quarter of the previous year. This growth is attributed to the company’s diversified portfolio and its ability to capitalize on emerging market opportunities.

Further bolstering its financial achievements, Texmaco Rail & Engineering’s profit before tax for the quarter ending March 2024 escalated to 66.71 crore, a significant leap from 22.96 crore recorded in the same period last fiscal year.

On an annual basis, the company’s performance was equally impressive. The consolidated net profit for the entire fiscal year of 2023-24 zoomed to 113.21 crore, up from just 26.03 crore in FY23. Additionally, the revenue from operations for FY24 experienced a substantial increase of 56.15%, reaching 3,502.87 crore compared to the previous fiscal year.

The board of Texmaco Rail & Engineering has recommended a dividend of 0.50 per share for the financial year 2023-24.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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GameStop and AMC extend slump as meme-fueled rally unravels

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

GameStop and AMC stocks slump, erasing $11 billion in value as early-week meme-stock frenzy fades. The volatility is reminiscent of 2021’s surge but less intense. Analysts caution against speculative trades, noting inflated valuations and the lack of fundamental underpinnings.

GameStop Corp. and AMC Entertainment Holdings Inc. are slumping for a second day, as the meme-stock frenzy that gripped markets earlier this week fades.

GameStop fell as much as 20% Thursday, and AMC was down by 12%. Meme traders had bid up the stocks for the first two days of the week, before the momentum faltered on Wednesday and the ensuing tumbles erased a large swath of the $11 billion of market value they’d gained.

“In stocks like this that there’s no fundamental underpinning, they can’t stay elevated without people constantly coming in,” said Tuttle Capital Management Chief Executive Officer Matthew Tuttle.

The volatility recalls the heyday of meme stocks in early 2021, when retail traders latched onto the video game retailer and beleaguered movie theater chain and sent both stocks to record highs. Keith Gill, operating under the online moniker “Roaring Kitty,” shot to fame in 2021 as he rallied traders on Reddit around GameStop. A Sunday post from his account on X helped launch the latest bout of volatility.

This week’s swings jarred short sellers, but have been fairly muted compared to the fireworks of 2021, when GameStop soared by more than 1,600% that January. It has yet to reclaim the high watermark shares set then.

“Coming out of Covid, all you heard was HODL, diamond hands. I think that’s all gone,” Tuttle said. “They’re smarter, they know how to trade this stuff.”

The video game seller isn’t expected to turn a profit until the holiday quarter, according to analyst estimates, and now trades at more than 1,200 times its expected 12-month forward earnings — the highest among US-listed stocks with market capitalizations above a billion dollars as of Wednesday’s close, according to data compiled by Bloomberg.

AMC has cashed in on the surge, announcing it had completed a previously announced at-the-market equity offering and that it had reached a private deal to swap shares to reduce its debt.

“Valuations remain artificially inflated, but these sharp one-day moves stand as a reminder of the dangers of engaging in speculative trades,” said Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

Google I/O 2024: Full transcript of Sundar Pichai’s speech

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

At Google I/O, CEO Sundar Pichai announced the “Gemini era,” highlighting AI advancements. Gemini, a multimodal model, enhances Google products like Search and Photos. Over 1.5 million developers use Gemini, with features expanding to handle up to 2 million tokens.

Alphabet CEO Sundar Pichai, during his keynote address at Google I/O, the tech giant’s annual developer’s conference, at Mountain View in California on Tuesday, May 14, said  “Google is fully in our Gemini era”. Pichai touted several advancements Google made in the Artificial Intelligence space — AI was the cornerstone of the keynote.

Full transcript of Pichai’s Keynote Address

Before we get into it, I want to reflect on this moment we’re in. We’ve been investing in AI for more than a decade — and innovating at every layer of the stack: research, product, infrastructure, and we’re going to talk about it all today.

Still, we are in the early days of the AI platform shift. We see so much opportunity ahead, for creators, for developers, for startups, for everyone. Helping to drive those opportunities is what our Gemini era is all about. So let’s get started.

The Gemini era

A year ago on the I/O stage we first shared our plans for Gemini: a frontier model built to be natively multimodal from the beginning, that could reason across text, images, video, code, and more. It marks a big step in turning any input into any output — an “I/O” for a new generation.

Since then, we introduced the first Gemini models, our most capable yet. They demonstrated state-of-the-art performance on every multimodal benchmark. Two months later, we introduced Gemini 1.5 Pro, delivering a big breakthrough in long context. It can run 1 million tokens in production, consistently, more than any other large-scale foundation model yet.

We want everyone to benefit from what Gemini can do. So we’ve worked quickly to share these advances with all of you. Today more than 1.5 million developers use Gemini models across our tools. You’re using it to debug code, get new insights, and build the next generation of AI applications.

We’ve also been bringing Gemini’s breakthrough capabilities across our products, in powerful ways. We’ll show examples today across Search, Photos, Workspace, Android and more.

Product progress

Today, all of our 2-billion user products use Gemini.

And we’ve introduced new experiences too, including on mobile, where people can interact with Gemini directly through the app, now available on Android and iOS. And through Gemini Advanced which provides access to our most capable models. Over 1 million people have signed up to try it in just three months, and it continues to show strong momentum.

Expanding AI Overviews in Search

One of the most exciting transformations with Gemini has been in Google Search.

In the past year, we’ve answered billions of queries as part of our Search Generative Experience. People are using it to Search in entirely new ways, asking new types of questions, longer and more complex queries, even searching with photos, and getting back the best the web has to offer.

Google I/O 2024: Searching just got smarter, easier with AI

We’ve been testing this experience outside of Labs. And we’re encouraged to see not only an increase in Search usage but also an increase in user satisfaction.

I’m excited to announce that we’ll begin launching this fully revamped experience, AI Overviews, to everyone in the US this week. And we’ll bring it to more countries soon.

There’s so much innovation happening in Search. Thanks to Gemini we can create much more powerful search experiences, including within our products.

Introducing Ask Photos

One example is Google Photos, which we launched almost nine years ago. Since then, people have used it to organise their most important memories. Today that amounts to more than 6 billion photos and videos uploaded every single day.

And people love using Photos to search across their life. With Gemini, we’re making that a whole lot easier.

Say you’re paying at the parking station, but you can’t recall your license plate number. Before, you could search Photos for keywords and then scroll through years’ worth of photos, looking for license plates. Now, you can simply ask Photos. It knows the cars that appear often, it triangulates which one is yours, and tells you the license plate number.

Also read: Google I/O 2024: A new way to search photos with Gemini

And Ask Photos can help you search your memories in a deeper way. For example, you might be reminiscing about your daughter Lucia’s early milestones. Now, you can ask Photos: “When did Lucia learn to swim?”

And you can follow up with something even more complex: “Show me how Lucia’s swimming has progressed.”

Here, Gemini goes beyond a simple search, recognizing different contexts — from doing laps in the pool, to snorkeling in the ocean, to the text and dates on her swimming certificates. And Photos packages it all up together in a summary, so you can really take it all in, and relive amazing memories all over again. We’re rolling out Ask Photos this summer, with more capabilities to come.

Unlocking more knowledge with multimodality and long context

Unlocking knowledge across formats is why we built Gemini to be multimodal from the ground up. It’s one model, with all the modalities built in. So not only does it understand each type of input — and finds connections between them.

Multimodality radically expands the questions we can ask, and the answers we’ll get back. Long context takes this a step further, enabling us to bring in even more information: hundreds of pages of text, hours of audio or an hour of video, entire code repos…or, if you want, roughly 96 Cheesecake Factory menus.

For that many menus, you’d need a one million token context window, now possible with Gemini 1.5 Pro. Developers have been using it in super interesting ways.

Also read: Google I/O 2024: Gemini 1.5 Pro is here with enhanced features

We’ve been rolling out Gemini 1.5 Pro with long context in preview over the last few months. We’ve made a series of quality improvements across translation, coding and reasoning. You’ll see these updates reflected in the model starting today.

Now I’m excited to announce that we’re bringing this improved version of Gemini 1.5 Pro to all developers globally. In addition, today Gemini 1.5 Pro with 1 million context is now directly available for consumers in Gemini Advanced. This can be used across 35 languages.

Expanding to 2 million tokens in private preview

One million tokens is opening up entirely new possibilities. It’s exciting, but I think we can push ourselves even further.

So today, we’re expanding the context window to 2 million tokens, and making it available for developers in private preview.

It’s amazing to look back and see just how much progress we’ve made in a few months. And this represents the next step on our journey towards the ultimate goal of infinite context.

Bringing Gemini 1.5 Pro to Workspace

So far, we’ve talked about two technical advances: multimodality and long context. Each is powerful on its own. But together, they unlock deeper capabilities, and more intelligence.

This comes to life with Google Workspace.

People are always searching their emails in Gmail. We’re working to make it much more powerful with Gemini. So for example, as a parent, you want to stay informed about everything that’s going on with your child’s school. Gemini can help you keep up.

Now we can ask Gemini to summarize all recent emails from the school. In the background, it’s identifying relevant emails, and even analyzing attachments, like PDFs. You get a summary of the key points and action items. Maybe you were travelling this week and couldn’t make the PTA meeting. The recording of the meeting is an hour long. If it’s from Google Meet, you can ask Gemini to give you the highlights. There’s a parents group looking for volunteers, and you’re free that day. So of course, Gemini can draft a reply.

There are countless other examples of how this can make life easier. Gemini 1.5 Pro is available today in Workspace Labs.

Audio outputs in NotebookLM

We just looked at an example with text outputs. But with a multimodal model, we can do so much more.

We’re making progress here, with more to come. Audio Overviews in NotebookLM shows the progress. It uses Gemini 1.5 Pro to take your source materials and generate a personalized and interactive audio conversation.

This is the opportunity with multimodality. Soon you’ll be able to mix and match inputs and outputs. This is what we mean when we say it’s an I/O for a new generation. But what if we could go even further?

Going further with AI agents

Taking this even further is one of the opportunities we see with AI Agents. I think about them as intelligent systems that show reasoning, planning, and memory. They are able to “think” multiple steps ahead, and work across software and systems, all to get something done on your behalf, and most importantly, under your supervision.

We are still in the early days, but let me show you the kinds of use cases we’re working hard to solve.

Let’s start with shopping. It’s pretty fun to shop for shoes, and a lot less fun to return them when they don’t fit.

Imagine if Gemini could do all the steps for you:

Searching your inbox for the receipt …

Locating the order number from your email…

Filling out a return form…

Even scheduling a UPS pickup.

That’s much easier, right?

Let’s take another example that’s a bit more complex.

Say you just moved to Chicago. You can imagine Gemini and Chrome working together to help you do a number of things to get ready — organising, reasoning, synthesising on your behalf.

For example, you’ll want to explore the city and find services nearby — from dry cleaners to dog walkers. And you’ll have to update your new address across dozens of websites.

Gemini can work across these tasks and will prompt you for more information when needed — so you are always in control.

That part is really important — as we prototype these experiences we’re thinking hard about how to do it in a way that’s private, secure and works for everyone.

These are simple use cases but they give you a good sense of the types of problems we want to solve, by building intelligent systems that think ahead, reason, and plan — all on your behalf.

What it means for our mission

The power of Gemini — with multimodality, long context and agents — brings us closer to our ultimate goal: making AI helpful for everyone.

We see this as how we’ll make the most progress against our mission: Organising the world’s information across every input, making it accessible via any output, and combining the world’s information, with the information in YOUR world, in a way that’s truly useful for you.

Breaking new ground

To realize the full potential of AI, we’ll need to break new ground. The Google DeepMind team has been hard at work on this.

We’ve seen so much excitement around 1.5 Pro and its long context window. But we also heard from developers that they wanted something faster and more cost-effective. So tomorrow, we’re introducing Gemini 1.5 Flash, a lighter-weight model built for scale. It’s optimized for tasks where low latency and cost matter most. 1.5 Flash will be available in AI Studio and Vertex AI on Tuesday.

Looking further ahead, we’ve always wanted to build a universal agent that will be useful in everyday life. Project Astra, shows multimodal understanding and real-time conversational capabilities.

We’ve also made progress on video and image generation with Veo and Imagen 3 and introduced Gemma 2.0, our next generation of open models for responsible AI innovation.

Infrastructure for the AI era: Introducing Trillium

Training state-of-the-art models requires a lot of computing power. Industry demand for ML compute has grown by a factor of 1 million in the last six years. And every year, it increases tenfold.

Google was built for this. For 25 years, we’ve invested in world-class technical infrastructure. From the cutting-edge hardware that powers Search, to our custom tensor processing units that power our AI advances.

Gemini was trained and served entirely on our fourth and fifth-generation TPUs. And other leading AI companies, including Anthropic, have trained their models on TPUs as well.

Today, we’re excited to announce our 6th generation of TPUs, called Trillium. Trillium is our most performant and most efficient TPU to date, delivering a 4.7x improvement in compute performance per chip over the previous generation, TPU v5e.

We’ll make Trillium available to our Cloud customers in late 2024.

Also read: Google I/O 2024: Trillium chip launches, promising fivefold boost in AI data centre performance

Alongside our TPUs, we’re proud to offer CPUs and GPUs to support any workload. That includes the new Axion processors we announced last month, our first custom Arm-based CPU that delivers industry-leading performance and energy efficiency.

We’re also proud to be one of the first Cloud providers to offer Nvidia’s cutting-edge Blackwell GPUs, available in early 2025. We’re fortunate to have a longstanding partnership with NVIDIA, and are excited to bring Blackwell’s breakthrough capabilities to our customers.

Chips are a foundational part of our integrated end-to-end system. From performance-optimised hardware and open software to flexible consumption models. This all comes together in our AI Hypercomputer, a groundbreaking supercomputer architecture.

Businesses and developers are using it to tackle more complex challenges, with more than twice the efficiency relative to just buying the raw hardware and chips. Our AI Hypercomputer advancements are made possible in part because of our approach to liquid cooling in our data centres.

We’ve been doing this for nearly a decade, long before it became state-of-the-art for the industry. And today our total deployed fleet capacity for liquid cooling systems is nearly 1 gigawatt and growing — that’s close to 70 times the capacity of any other fleet.

Underlying this is the sheer scale of our network, which connects our infrastructure globally. Our network spans more than 2 million miles of terrestrial and subsea fibre: over 10 times (!) the reach of the next leading cloud provider.

We will keep making the investments necessary to advance AI innovation and deliver state-of-the-art capabilities.

Also read: Google I/O 2024: New generative media tools Veo and Imagen 3 revealed

The most exciting chapter of Search yet

One of our greatest areas of investment and innovation is in our founding product, Search. 25 years ago we created Search to help people make sense of the waves of information moving online.

With each platform shift, we’ve delivered breakthroughs to help answer your questions better. On mobile, we unlocked new types of questions and answers — using better context, location awareness, and real-time information. With advances in natural language understanding and computer vision, we enabled new ways to search, with a voice, or a hum to find your new favorite song; or with an image of that flower you saw on your walk. And now you can even Circle to Search those cool new shoes you might want to buy. Go for it, you can always return them!

Of course, Search in the Gemini Era will take this to a whole new level, combining our infrastructure strengths, the latest AI capabilities, our high bar for information quality, and our decades of experience connecting you to the richness of the web. The result is a product that does the work for you.

Google Search is generative AI at the scale of human curiosity. And it’s our most exciting chapter of Search yet.

More intelligent Gemini experiences

Gemini is more than a chatbot; it’s designed to be your personal, helpful assistant that can help you tackle complex tasks and take actions on your behalf.

Interacting with Gemini should feel conversational and intuitive. So we’re announcing a new Gemini experience that brings us closer to that vision called Live that allows you to have an in-depth conversation with Gemini using your voice. We’ll also be bringing 2M tokens to Gemini Advanced later this year, making it possible to upload and analyze super-dense files like video and long code. Sissie Hsiao shares more.

Gemini on Android

With billions of Android users worldwide, we’re excited to integrate Gemini more deeply into the user experience. As your new AI assistant, Gemini is here to help you anytime, anywhere. And we’ve incorporated Gemini models into Android, including our latest on-device model: Gemini Nano with Multimodality, which processes text, images, audio, and speech to unlock new experiences while keeping information private on your device.

Also read: Google I/O 2024: New AI features coming to Android this year

Our responsible approach to AI

We continue to approach the opportunity AI boldly, with a sense of excitement. We’re also making sure we do it responsibly. We’re developing a cutting-edge technique we call AI-assisted red teaming, that draws on Google DeepMind’s gaming breakthroughs like AlphaGo, to improve our models. Plus, we’ve expanded SynthID, our watermarking tool that makes AI-generated content easier to identify, to two new modalities: text and video.

Creating the future together

All of this shows the important progress as we take a bold and responsible approach to making AI helpful for everyone.

We’ve been AI-first in our approach for a long time. Our decades of research leadership have pioneered many of the modern breakthroughs that power AI progress, for us and for the industry. On top of that we have:

  • World-leading infrastructure built for the AI era
  • Cutting-edge innovation in Search, now powered by Gemini
  • Products that help at extraordinary scale — including 15 products with half a billion users
  • And platforms that enable everyone — partners, customers, creators, and all of you — to invent the future.

This progress is only possible because of our incredible developer community. You are making it real, through the experiences and applications you build every day. So, to everyone here in Shoreline and the millions more watching around the world, here’s to the possibilities ahead and creating them together.

Also read: Is Open AI trying to steal Google’s thunder? Sundar Pichai responds

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Homegrown entertainment brand G0VO launches Dolby Atmos soundbars

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

G0VO launches India’s first Dolby Atmos Soundbars, GoSurround 975 and 940, priced at ₹12,999. Manufactured in Gurgaon, they offer immersive audio, versatile connectivity, and customisable sound profiles for an enhanced home entertainment experience.

Homegrown home entertainment company G0VO has unveiled its latest products in the audio segment with the launch of its first “Made in India” Dolby Atmos soundbars. The G0VO GoSurround 975 and 940, are said to feature advanced audio capabilities aimed at “transforming living room experiences with their immersive sound quality”. Priced at ₹12,999, these soundbars being manufactured at Channelplay’s facility in Manesar, Gurgaon, are available on Amazon, soon on Flipkart and other major retailers, G0VO said in a press release.

According to the press release the G0VO GoSurround 975 and 940 soundbars are equipped with cutting-edge technology and an innovative design. They boast a powerful chipset and a 2+1+2 configuration, enhanced by advanced DSP signal processing for superior audio quality. The inclusion of Dolby Atmos technology offers listeners an immersive experience.

The soundbars promise not just high-quality sound but also versatility and convenience. With a 400-Watt output and mega bass feature, they promise an impactful auditory experience. Their design allows for easy placement anywhere in the house, offering connectivity through HDMI, Bluetooth 5.3, AUX, and USB. Additionally, they come with three customisable equalizer modes for music, movies, and news, catering to individual preferences.

The soundbars were launched in New Delhi at an event co-hosted by G0VO, Dolby, and Channelplay. The event featured a live performance by Grammy award-winning artist Ricky Kej and showcased the immersive audio capabilities of the G0VO Dolby Atmos Soundbar. This collaboration between G0VO, Dolby Laboratories, and Channelplay signifies a shared commitment to innovation and excellence in audio technology.

Piyush Jalan, Co-founder and COO of G0VO India, highlighted the importance of innovative products in meeting the demands of gadget-friendly consumers. Karan Grover of Dolby Laboratories and Sundeep Holani of Channelplay echoed this sentiment, underscoring the collaboration’s role in transforming home entertainment through superior audio technology.

Also Read: Honeywell Trueno U5100 Earbuds Review: A sound blend of performance and affordability

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Meta faces EU investigation over child safety risks

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

EU regulators are investigating Facebook and Instagram for potential child safety breaches under the Digital Services Act, focusing on addiction risks and content access, with potential fines up to 6% of Meta’s annual global turnover.

Meta Platforms’ social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead to hefty fines.

Tech companies are required to do more to tackle illegal and harmful content on their platforms under the European Union’s landmark Digital Services Act (DSA), which kicked in last year.

The European Commission said it had decided to open an in-depth investigation into Facebook and Instagram due to concerns they had not adequately addressed risks to children. Meta submitted a risk assessment report in September.

”The Commission is concerned that the systems of both Facebook and Instagram, including their algorithms, may stimulate behavioural addictions in children, as well as create so-called ’rabbit-hole effects’,” the EU executive said in a statement.

”In addition, the Commission is also concerned about age-assurance and verification methods put in place by Meta.” The regulator’s concerns relate to children accessing inappropriate content.

Meta is already in the EU’s crosshairs over election disinformation, a key concern ahead of crucial European Parliament elections next month. DSA violations can lead to fines of as much as 6% of a company’s annual global turnover.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Info Edge Q4 Results: Board recommends a dividend of ₹12 per share

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Info Edge (India) Ltd announced a final dividend of ₹12 per share as Q4 net profit fell 1.2% sequentially to ₹211 crore. Despite this, annual net profit surged 102.6% to ₹833 crore, with a year-on-year revenue increase of 7.9%.

The board of Info Edge (India) Ltd on Wednesday, May 16, recommended a final dividend of ₹12 per share after the company’s net profit for the fourth quarter of the 2023-24 fiscal fell 1.2% sequentially to 211 crore. 

In its earnings report for the fourth quarter of the 2023-24 financial year, the company clocked 2.2% higher revenue from operations, amounting to ₹608 crore. On a year-on-year (YoY) basis, the revenue increased 7.9%, while it’s net profit increased 17.9%. 

In the entire fiscal, the company reported that its net profit surged 102.6% to 833 crore, while revenue rose 10.3% to 238 crore. Info Edge’s consolidated net profit for the March quarter fell 60% sequentially to 60.39 crore. Revenue from operations rose 4.8% to 657 crore.

In a regulatory filing, the company reported other income of 72.81 crore, up from 65.02 crore reported in the previous quarter. The company’s total expenditure, including finance cost, stood at 383 crore as against 377 crore in the third quarter. The finance cost came in at 4.67 crore, compared to the 4.59 crore reported in the preceding quarter.

The company also reported a one-time loss of 12.14 crore during the quarter. The company’s public expenditure barring that for goods and services (tax outgo) for the March quarter came in at 74.52 crore, higher than the preceding quarter’s 70.14 crore.

Also read: Vedanta declares first interim dividend of ₹11, approves ₹8,500 crore fund raise

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Should Elon Musk be able to buy Twitter?