Netflix Ends Password Sharing in India: A Global Crackdown
Netflix has taken a significant step by putting an end to password sharing in India, restricting account access to members within a single household. This move is part of a larger global initiative announced by Netflix in May to crackdown on password sharing.
India Bans Rice Shipments to Curb Price Rises
The Indian government has taken a decisive step to curb the soaring food prices caused by crop damages due to adverse weather conditions. In an effort to ensure an adequate supply of rice for domestic consumers, the Directorate General of Foreign Trade (DGFT) has issued a notification prohibiting the export of non-basmati rice with immediate effect. This ban is set to be in place for one year. Basmati rice, a long-grain variety of rice grown in India and Pakistan, is not affected by the ban.
ITC Share Price Continues to Fall for Second Day after Hotel Business Demerger
ITC’s share price witnessed a decline for the second consecutive day following the company’s announcement of the demerger of its hotel business. On Tuesday, the stock closed at Rs. 469.35, down by 2.4% from its previous closing price.
Flipkart Teases Free ‘Plus Premium’ Membership
Flipkart, India’s leading e-commerce marketplace, has created excitement among its users by releasing a teaser for its upcoming membership program called ‘Plus Premium’. Although the teaser keeps the details under wraps, it reveals that the program will be accessible to all Flipkart users without any charge.
Sonata Software Launches Harmoni.AI, Shares Jump
Sonata Software, a prominent provider of digital transformation solutions, recently introduced Harmoni.AI, an advanced artificial intelligence (AI) and machine learning (ML) platform. This landmark launch, announced on July 25, 2023, triggered an impressive 15% surge in the company’s shares during the subsequent trading session.
Canara Bank Expects Strong NIM and Credit Growth
Canara Bank, one of India’s largest public sector banks, remains optimistic about its financial performance in the current financial year, with a focus on managing its net interest margin (NIM) at around 3%. The bank’s Managing Director, L V Prabhakar, expressed confidence in achieving its credit growth target of 12-14%, despite the obstacles posed by the ongoing pandemic.
Elon Musk’s Vision for Twitter Takes Shape, With Change to Sign
San Francisco, CA (July 23, 2023) – Elon Musk’s Vision for Twitter materializes as he changes the iconic sign to an X, following a fan’s suggestion.
A Freedom Fighter’s Widow Burnt Alive in Manipur Villages, Says FIR: Incident Sparks Outrage and Calls for Justice
The police in Manipur have taken action after a tragic incident occurred on Saturday, July 22, 2023. A 70-year-old woman, Th. Ibemhal Devi, who was the widow of a freedom fighter, was burnt alive in a village in Manipur. The shocking act was carried out by a group of men who stormed into her house and set it on fire, leaving the community in grief and outrage.
Adani: Bain to Acquire NBFC for Rs 1,500 Crore
Bain Capital, a prominent global private equity firm, is poised to acquire Adani Capital, the financial services arm of the Adani Group, in a deal worth Rs 1,500 crore. With the acquisition expected to conclude in the coming months, Bain Capital will secure a majority stake in Adani Capital, solidifying its presence in the Indian financial services landscape.
Byju’s Lenders to Alter the Terms of Their $1.2 Billion Loan: A Positive Development for the Indian Edtech Giant
Indian edtech giant, Byju’s, has successfully reached an agreement with its lenders to amend the terms of its $1.2 billion loan. This significant development, announced on Monday, comes as a relief for the company amidst recent financial challenges. Byju’s will now have the flexibility to repay the loan over an extended period and at a reduced interest rate, signaling an opportunity to improve its financial standing. However, the company’s ability to bounce back from its current situation remains uncertain.