5 Minutes Read

Jio, SES to provide satellite-based broadband services: What is it and why it could be the next big thing

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

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Summary

Not only would satellite internet take the internet to remote rural areas, it also promises to totally eliminate the masses of wires on your work station.

Jio Platforms, the digital arm of Reliance Industries Ltd (RIL), and SES, a leading global satellite-based content connectivity solutions provider, has announced the establishment of a joint venture — Jio Space Technology Ltd — to deliver the next generation scalable and affordable broadband services in India leveraging statellite technology.

What is satellite internet?

Satellite internet is a broadband internet service that uses radio waves to transmit the internet from an ISP hub to your satellite receiver dish which is attached with a modem to provide internet access. Some like SpaceX use lasers instead of radio waves to transmit data. The radio waves are reflected in the receiver by geosynchronous low-Earth orbit (LEO) satellites, that are in a fixed position in the sky. The data is transmitted to the satellite.

Satellite internet works mostly like regular internet, except that the tangle of cables becomes redundant.

The next big step?

Satellite internet could be the next big step in internet connectivity. Once a fleet of satellites is in orbit, companies would only need to set up the satellite receiver and modem to provide access to the internet from almost any corner of the world.

No cables or other ground-based infrastructure would be needed at the customer’s access point. It would stand to revolutionise internet access the same way that satellite direct-to-home (DTH) broadcasting services did for television access in India.

For a country like India, where providers would otherwise need to cover vast grounds with ground-based infrastructure, satellite internet provides an easy way to provide internet access to rural areas.

Who are the major players?

Three major players are gearing up to compete in the sector in India. UK-based OneWeb, of which the Bharti Airtel group is the biggest shareholder, will become the first private company to launch its services in India. Sunil Mittal had recently said that the company would start providing its services by 2022. The company has already launched 322 LEO satellites into space, with a proposed fleet size of 650 satellites.

Other competitors are SpaceX’s Starlink project, which has already starting pre-orders for its services in India. The company is still in the preliminary process of getting the proper regulatory clearances here. SpaceX is reportedly in the process of seeking approval from the government departments to launch its satellite broadband service in India.

Finally, Amazon’s Kuiper Project is also looking to enter the Indian satellite market. The company is also reportedly in talks with various government departments to get the all-clear for its services.

Other competitors include Hughes and Tata’s Nelco.

“India is at the cusp of being a global hub for increased use of satellite communication, which can attract billions of dollars as FDI, generate huge employment, and enhance GDP growth. Close to $40 billion private investments have already come in from major satellite broadband companies, including Airtel (OneWeb) and Tata (Nelco) in India, and SpaceX (Starlink), Amazon (Project Kuiper), and Hughes, among many others in the global arena,” Anil Prakash, Director General, Satcom Industry Association (SIA-India), told The Economic Times.

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

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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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Swiggy announces two-year employee stock liquidity programme worth $35-40 million

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

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Summary

This programme will be open to all employees holding ESOPs. The foodtech platform in July 2021 closed a $1.25-billion financing round led by SoftBank Vision Fund 2 and Pross, taking its post-money valuation to $5.5 billion.

Swiggy has decided to start a programme that will allow employees holding Employee Stock Ownership Plan (ESOP) to participate in two different liquidity events in the next two years — in July 2022 and July 2023. The entire exercise is expected to be around $35-40 million at the current valuation.

This programme will be open to all employees holding ESOPs. The food delivery platform in July 2021 closed a $1.25-billion financing round led by SoftBank Vision Fund 2 and Pross, taking its post-money valuation to $5.5 billion.

Talking about the programme, Girish Menon, Head of HR, said, “ Swiggy has built a business that has democratised food delivery and convenience. As Swiggy grows, we want our team to grow with us, and enjoy the fruits of their hard work and valuable contributions.”

He added that this is a first such initiative whereby the company will be democratising wealth-creating by enabling all their ESOP holding employees to participate in the committed liquidity events in 2022 and 2023.

The exercise will happen at the current valuation of $5.5 billion, and the employees will benefit from any potential value increase at the time of these liquidity events in the next two years. The company is in talks with investors to raise $500-600 million at a valuation of over $10 billion, giving it the power to compete with its main rival Zomato, which was listed on the markets recently.

While Zomato is mainly focussing on its food delivery business, Swiggy is expanding its other venture of instant grocery service, Instamart.

Also read: Grocery delivery lessons that Swiggy learnt, and why Zomato failed

The liquidity events, expected to take place in July 2022 and 2023 will be the third and fourth such events for the company. The first one was held in 2018 and the second was held in November 2020. On November 9, 2020, the company commissioned its second ESOP liquidity programme through a second sale. The worth of that exercise was estimated to be around $7-9 million.

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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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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Xiaomi 11 Lite NE 5G launched in India; check prices, Diwali offer, other details

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

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Summary

The latest Xiaomi 5G phone will be available in four colours — Diamond Dazzle, Tuscany Coral, Vinyl Black, and Jazz Blue. Prices start at Rs 26,999.

Xiaomi on September 29 launched its newest entry into the mid-range 5G segment, the Xiaomi 11 Lite NE 5G. The device will be available for purchase from October 2 on Amazon India, mi.com and select partners from 12 midnight. The starting price is Rs 26,999. The new device is a variant model of Mi 11 Lite, which was released in June, and one of the first Xiaomi devices to drop the ‘Mi’ branding in favour of Xiaomi’s name.

Price

The 11 Lite NE 5G will come in two variants — a base 6 GB RAM and 128 GB storage variant and an 8 GB RAM with 128 GB storage model. The base model will be available at Rs 26,999 and the larger RAM model will be available at Rs 28,999. The phone will be available in four colours — Diamond Dazzle, Tuscany Coral, Vinyl Black, and Jazz Blue. The company is going to introduce a Diwali offer on both models between October 2-7, giving a discount of up to Rs 1,500.

Specifications

The Xiaomi 11 Lite NE 5G will come with a 6.55-inch full-HD+ display (1,080 x 2,400 pixels) which features 10-bit flat Polymer OLED true-colour display. The phone will have a screen refresh rate of 90 Hz and a 24 0Hz touch sampling rate. The phone will be HDR supported for its display, along with Dolby support for its audio.

Running the phone is a Qualcomm Snapdragon 778G SoC with the Android 11-based MIUI 12.5. The phone will also have dual nano SIM slots.

In terms of its camera set up, 11 Lite NE 5G comes with a 64 MP primary imager, an 8 MP ultra-wide sensor and a 5 MP macro telephoto lens in the rear. For the front, the phone packs a 20 MP selfie camera.

Connectivity options for the phone include 12-band support for 5G, 4G LTE, Wi-Fi 6, Bluetooth v5.2, GPS/ A-GPS, NFC, IR blaster, and a USB Type-C port. The phone will also have side-mounted fingerprint sensors and a 4,250mAh battery which supports 33W fast charging.

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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Top 5 lifestyle apps every housing society must have

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

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Summary

The use of technology for solving tiny yet critical problems in residency has become a part of our daily lives.

As staying home and maintaining social distance has become a new lifestyle, our phone has become our lifesaver. As the fear of getting infected rises, people are learning to organise things from the comfort of their homes and technology has been quite helpful in it. The use of technology for solving tiny yet critical problems in residency has become a part of our daily lives.

To break the chain of transmission and help communities avail lifestyle services from the comfort of their home, technology providers have been helping consumers. Consumers are also happy to adopt such technologies at the ease of convenience that it brings.

Here is the list of the top 5 major technology providers that are addressing the needs of residencies with quick easy home services.

Urban Company: Urban Company (formerly known as Urban Clap), founded in 2014, is an Indian gig marketplace that offers home installation, maintenance and repair services, and home beauty and wellness services. It’s an all-in-one platform that helps users hire premium service professionals, from beauticians and masseurs to sofa cleaners, carpenters and technicians. Since its inception, Urban Company has built a network of 40,000+ trained service professionals, and served over 5 million customers across major metropolitan cities of India, Dubai, Abu Dhabi, Sydney and Singapore. In FY20, the home maintenance and repair services contributed 45 percent of total revenue and the beauty and wellness services contributed 55 percent of total revenue. In March 2020, the company was servicing 22 locations within and outside India, had a network of 25,000 professionals, and was performing 800,000 service tasks every month.

Also Read: Reliance plans super app with Just Dial offerings, says report

ADDA: ADDA is a leading online Apartment and Housing Society Management Software with a Private Portal for Apartment Complex Members, Best Class Management Tools & 100 Compliant Accounting Software with online Payment Gateway Integration. ADDA in South Asian languages (pronounced “Uhd’da”) means a community gathering having a friendly or intellectual discussion. Started in 2009, ADDA has been relentlessly working towards bringing residential communities together by connecting them online. On the ADDA App, ADDA Discover is a one-stop shop connecting residents to local service providers. Whether it’s a batch of laundry they need picked up or a COVID Test at home, Discover provides an array of Home lifestyle services. With 300+ Services provided by 80+ Vendors highly rated by Neighbors, residents not only receive trusted services, but also support local businesses!

Also Read:OTT app-based video consumption on the rise; details here

My Gate: This fast-growing security and community management app is being used by over 12,000 housing societies all over the country. Smart management is the need of the hour and MyGate is doing exactly that; it is building technology to simplify check-ins everywhere. Its flagship solution, launched in 2016, currently facilitates over two million check-in requests every day at thousands of gated premises across the 18+ cities in which this Bengaluru-based venture operates in, and continues to show rapid growth. Founded by ISB/IIM/IIT alumni, MyGate is also working on/launched products to benefit the occupants, management and other stakeholders of the gated premises, such as an ERP tool and a system for e-commerce players to better manage their deliveries.

Mr Right: Mr Right is an online home services aggregator offering various household services to customers. Its website and mobile apps are primarily used by customers who require home services in its operational geography. Mr Right was founded by Prashant Chaudhary and Mayank Agrawal in 2013, and has its office in Noida, Uttar Pradesh, India. It is operational in nine cities and has a network of over 20,000 service professionals in its network. It connects homeowners with the best home service professionals in their neighbourhood via its web and mobile applications. The co-founders came up with the concept of an easy to use platform that provides a variety of hard-to-find home services such as plumbing, carpentry, electrical, cleaning, pest control etc. to customers via website and mobile apps.

Also Read:Ten most-downloaded apps in 2020

Helpr: Helpr is a convenient and hassle-free way to get household work done. With handcrafted mobile solutions, unmatched service quality, and background verified providers, they aim to aid in solving all your household problems with efficiency, ease and most importantly, a personal touch. Founded in 2015, Helpr is an on-demand platform that quickly connects people with top-rated and verified household service providers. A service aggregator with instant online estimates, one-click booking, easy and transparent payments.

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

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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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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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Pay in crypto for your stay at this Swiss luxury hotel

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

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Summary

The Swiss are well ahead in the crypto game with the town of Zug even known as ‘Crypto Valley.’ Now, the Chedi Andermatt in the Swiss Alps has made its tech statement. Prices start at 1300 francs/0.03 Bitcoin/0.45 Ethereum per night in the holiday season.

The Chedi Andermatt, a five-star hotel in the Swiss Alps, has announced it will allow guests to pay for their stay in crypto, reported Swiss news outlet Blick.

Guests at Chedi Andermatt can use Bitcoin or Ethereum to pay for bills over 200 Swiss francs, which is roughly equivalent to $218. Prices of the hotel are still set in fiat currency to reduce the risk of volatility and the hotel conveyed that it will immediately convert the cryptocurrency into francs upon confirmation.

“We have long known that cryptocurrencies also have a future in hotel operations. In the course of the increasing spread and acceptance of cryptocurrency payments, we are proud to be one of the first Swiss luxury hotels to be able to offer our guests cryptocurrencies as a secure means of payment,” said Jean-Yves Blatt, General Manager, The Chedi Andermatt.

The hotel has about 123 rooms with suites, with prices starting at 1300 francs per night in the holiday season. A tariff of 1300 Swiss francs would convert to 0.03 BTC or 0.45 ETH.

“We are making a clear statement to our hotel guests that we are open to new technologies and at the same time offer a new payment experience as an additional service,” added Blatt in a statement.

To make cryptocurrency payments possible, the hotel is partnering with payment service provider Worldline and Swiss crypto service provider Bitcoin Suisse.

The luxury hotel was established in 2013. It is run by billionaire Samith Sawiris and is one of the first Swiss luxury hotels to start accepting digital currencies.

While it is no secret that the Swiss have long been friendly to crypto users, a wider range of businesses have begun adopting digital assets. The town of Zug in Switzerland also known as the ‘Crypto Valley,’ houses a number of crypto and blockchain companies. In this town, crypto tokens are widely accepted and town officials announced that for the first time in February, residents can even pay their taxes in cryptocurrency.

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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Pandemic to pleasure: Top 10 cities in the world for remote working

The COVID-19 pandemic disrupted business processes across the world and kicked off the remote working trend. Working from home has allowed professionals to work from their native towns. However, not every city has a good remote working infrastructure. Besides, professionals also consider factors like safety, health care, culture, and leisure activities before zeroing in on a city for remote working. Nestpick, the on-demand housing platform, has come up with an index of the best cities in the world for remote working. Here is a look at them:
10# Berlin: Famous for its cultural flair, Berlin is cosmopolitan, hospitable, and safe. The city has several places for leisure activities and provides a good remote working infrastructure.(Image: AP)
9# Montreal: Montreal is often hailed as the epicentre of Canada’s art and culture. The city is immigrant-friendly and has the lowest rents of all the major cities in Canada. There is no language barrier as the majority speaks English. (Image: AP)
8# Glasgow: Famed for its Victorian architecture, Glasgow has a low crime rate and living here is cheaper than most major cities around the world. Meanwhile, the West End part of the city also provides a posh neighbourhood to the city residents. (Representative image: Reuters)
7# Singapore: A sunny and tropical island, Singapore is a financial powerhouse. The streets are clean and green here and the country has one of the most stable economies in the world. The city-nation has a lot of shopping malls, parks, and other places for leisure time activities.

 

6# Tokyo: From ultramodern buildings to traditional structures, Tokyo offers everything. It is one of the largest metropolitans in the world with more than 36 million people. The crime rate in Tokyo is low and the infrastructure is top class. (Image: AP)
5# London: The capital city of England, London has a history spanning nearly two millennia. Most of the city’s locations are iconic and provide a peek into its rich culture. The city has all the amenities required for a pleasant remote working experience. (Image: Shutterstock)
4# Tallinn: The capital and most populous city of Estonia, Tallinn is a cultural hub. It is a safe and relatively budget-friendly destination in Europe. The city is also famous for its nightlife.(Image: Pixabay)
330px-Sydney_Opera_House,_botanic_gardens_1 wiki
3# Sydney: One of the largest Australian cities, Sydney is cosmopolitan and has superb beaches. The city also has some amazing food joints and entertainment centres. (Image: Wikimedia Commons)
2# Dubai: Dubai is one of the wealthiest of the seven emirates that constitute the UAE. It has a really low crime rate. The city offers several places for luxury shopping and has lively nightlife.
1# Melbourne, Australia: The coastal city of Melbourne scored the highest on liveability factors such as safety, health care, culture, leisure activities, and remote working infrastructure. From stadiums to clubs, malls to museums, the city offers a lot of leisure-time options to people. (Image: Reuters)

Priyanka Chopra, Virat Kohli in 2021 Instagram Rich List: Here are top 10 celebrities who made it to the list

FILE PHOTO: The Instagram application is seen on a phone screen August 3, 2017. REUTERS/Thomas White/File Photo
The UK-based social media management company, Hopper HQ, released its Instagram Rich List for 2019. The list is based on how much celebrities charge for each sponsored post. Check out the top 10 celebrities that made it to the list. (Image: Reuters)
10# Kendall Jenner – The American supermodel is the tenth highest-earning celebrity on Instagram earning $1.05 million per post.
9# Justin Bieber- The Canadian singer has over 181 million fan followers on Instagram and he charges $ $1.1 million for every post.
8#  Beyonce Knowles- The American singer and actress charge $1.14 million per post.
7# Lionel Messi- The football legend charge $1.16 million per Instagram post.  (AP Photo)
6#  Kim Kardashian-An American businesswoman, model and actress who has millions of followers on the social media platform; charges $1.41 million per post.
5# Selena Gomez-The American singer and actress charges  $1.46 million per post.
4# Kylie Jenner- American businesswoman Kylie Jenner charges a whopping $ 1.49 million per post.
3# Ariane Grande- American singer Ariana Grande charges $1.51 million per post.
2# Dwayne Johnson-The American actor, and producer charges $ $1.52 million per post.
1# Cristiano Ronaldo- The Portuguese footballer charges  $1.6 million per post.
27#  Priyanka Chopra Jonas: the actress is the second highest-paid Indian with a reported earnings of  $403,000 per post.  (AP Photo)
19# Virat Kohli- The Indian cricketer is the top-earning Indian on the platform, earning $ 6,08,000 per post. (PTI Photo)
 5 Minutes Read

Amazon eyes satellite internet space in India, to take on SpaceX and OneWeb

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

 Listen to the Article (6 Minutes)

Summary

India’s emerging satellite internet space is on fire, with Amazon’s Project Kuiper looking to make its debut. SpaceX’s Starlink and Bharti’s OneWeb have already set up shop.

Amazon is looking to be the latest competitor in the satellite internet space in India. The e-retail giant will be competing with Elon Musk’s SpaceX and Bharti Group-backed OneWeb in high-speed satellite broadband in the country, reported The Economic Times. The latest entrant in the industry will be increasing the competition in the nascent field.

The company will be approaching the concerned governmental authorities to discuss modalities, authorisations, permits, landing rights and satellite bandwidth leasing costs, The Economic Times reported, quoting sources close to the matter.

“…talks with the DoS and Department of Telecommunications (DoT) will happen on the necessary regulatory approvals to bring Amazon’s high-speed broadband services to India via its Project Kuiper satellite constellation as part of the global launch,” mentioned the report quoting a source.

The Department of Space (DoS) is the government entity responsible for giving companies landing rights and permission for downlinking signals of foreign satellites into Indian territory.

India is rapidly emerging as a data hub with its data usage increasing fast even as last phase connectivity to remote areas still remains unavailable through traditional broadband and cellular connections. Low-Earth Orbit satellites can prove to be a more efficient way to reach such areas even though the cost of satellite-based internet remains high.

SpaceX’s broadband service Starlink is already available for pre-order in the country at $99 (around Rs 7,200), which will provide a speed ranging between 50-150 Mbps. OneWeb, backed by the UK government and the Bharti Group, has recently launched 36 more services as it races towards starting its services by 2022.

But Amazon’s project, named Kuiper after the Kuiper Belt at the outer edges of the Solar System, will not just be competing with satellite internet in India. With proposals like Reliance Jio Infocomm’s plan to build the largest international submarine cable system, companies are eager to provide higher capacities and higher speeds to the people of the subcontinent.

“As LEO satellite technology rapidly gains global scale and bandwidth leasing costs head down, it would make strong business sense for Amazon to quickly make inroads into India’s emerging satellite broadband market to effectively compete with OneWeb and SpaceX,” Rohan Dhamija, partner and head, India & Middle East at technology, media and telecom consultancy Analysys Mason told the ET.

 

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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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

How Made in India apps cashed in on anti-China wave

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

 Listen to the Article (6 Minutes)

Summary

As India banned hundreds of popular Chinese apps last year, many homegrown apps stepped into the vacuum. Apps like Koo hit the bull’s eye.

The first wave of COVID-19, compounded by the border skirmishes in Galwan Valley, had led to a new low in India-China relations last year. As the clamour against all Chinese made products and services grew louder, the Indian government banned in three stages a total of 267 apps, including TikTok, CamScanner and PUBG mobile, among others, due to data security concerns.

Meanwhile, Indian startups had already started to develop their own apps to compete globally.

Here is a look at how Made in India apps like Chingari, India’s answer to TikTok; Koo, the Indian app similar to Twitter and other others, have evolved over the last year.

Made in India Apps

  • According to the India App Market Statistics in 2021, there are over 155,238 apps on Google Play developed by Indian publishers. Google Play store currently has nearly 3,020,096 apps.
  • In terms of market share, Indian apps have a 5 percent market share with an impressive review rating at 3.73 stars compared to the global app rating of 3.46 stars.
  • The highest number of downloads of Indian apps are Moj, Truecaller, Meesho, PhonePe, Roposo, ShareChat, Dailyhunt and My Jio.
  • Not surprisingly, Koo, which had gained a lot of prominence and coverage after being supported by the Indian Prime Minister himself and other ministers is among the highest downloaded apps.
  • Koo saw over five million downloads in the past eight months and one million downloads this April alone.
  • Chingari, a short video sharing platform, has seen 700,000 downloads since its launch worldwide in November 2020.

Hinterland holds the key

  • The ban on Chinese apps resulted in Indian companies grabbing opportunities and eyeballs. As per a report by The Indian Express, the Chinese share dropped because of the ban. In 2018, Indian market share of companies in top 200 installs was about 37 percent.
  • After the ban, app downloads are driving growth with a lion’s share of 85 percent coming from Tier 2 and Tier 3 cities.

Regional Languages Matter

  • Mobile app developers are now focusing on regional content compared to one language such as Hindi or English as it is the key to retaining users, especially short videos, news and even utilities apps.

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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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
Quiz
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Should Elon Musk be able to buy Twitter?

 5 Minutes Read

PUBG likely to return in new avatar as Battlegrounds Mobile India

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

 Listen to the Article (6 Minutes)

Summary

PUBG Mobile India is soon expected to be launched as Battlegrounds Mobile India, according to a post by the company on its Facebook page.

PUBG Mobile India is soon expected to be launched as Battlegrounds Mobile India, according to a post by the company on its Facebook page. The company has already changed its name to Battlegrounds Mobile India on its official Facebook page and YouTube channel. The development has brought cheer among gaming enthusiasts in India. However, the launch timeline has not been revealed yet.

In fact, Krafton, the developers of PUBG Mobile, had recently dropped the PUBG Mobile India official teaser video but the clip was deleted minutes after being put online. 

The PUBG Corporation has also listed multiple vacancies in India, triggering speculations of the game’s comeback. Besides, the game developer has announced plans to make investments to the tune of $100 million in India.

The company has said that the investment would be made with an aim to ‘cultivate the local video game, e-sports, entertainment and IT industries.’

Company officials also assured that they would maximise data security for its users while adhering to Indian regulations.

According to a claim by GemWire, a gaming and e-sports news platform, Krafton has even registered a domain, battlegroundsmobileindia.in, in India on April 7.  

The Indian government banned PUBG among other Chinese apps under Section 69A of the Information Technology Act in the wake of the tensions with China along the border in Ladakh last year.

The government had stated that these apps engaged in activities ‘prejudicial to sovereignty and integrity, defence and security of the country’ and hence, were being banned.

However, union minister Prakash Javadekar, earlier this year, said that PUBG is one of the games which are ‘violent, explicit, addictive, and tend to create a complex in the mind of children.’

Meanwhile, Krafton officials are said to be in talks with Indian officials to re-launch its most popular game in India.

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
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?