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Jack May poised to cede control of Ant Group, WSJ report says

Chinese billionaire Jack Ma plans to cede control of Ant Group, the Wall Street Journal reported on Thursday, after a regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.

While Ma only owns a 10 percen...

Apple, TikTok-hit Meta reports 1st ever quarterly revenue drop

Stiff competition from TikTok and Apple Inc's privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc. in the near term, Wall Street analysts said.

At least 10 brokerages cut their price targets on Meta after the company reported its first-ever quarterly...

Reliance, IOA in pact to support Indian athletes

Billionaire Mukesh Ambani-led Reliance Industries and Indian Olympic Association (IOA) on Wednesday announced a long-term partnership to support Indian athletes in major multi-sport events, including the Commonwealth Games, Asian Games, and the Olympics Games.

India's most valuable c...

Roadies to launch ‘Roadies Moto’ NFTs for fans

Gaining immense popularity with its successful first drop of culturally driven digital artwork, Viacom18’s Youth, Music, and English Entertainment cluster’s NFT marketplace www.fullyfaltoonft.com received an overwhelming response and carved out a niche for ...

Spotify beats expectations, shuts down Car Thing

Spotify reported second-quarter revenue above analysts' estimates on Wednesday helped by a 14 percent jump in paying subscribers, and forecast an upbeat current quarter although it will stop production of its dashboard accessory, Car Thing.

The company's shares ...

Bharat24 beefs up sales and marketing team

Bharat 24, an upcoming national Hindi news channel has further strengthened its sales and marketing with the appointment of sales person Bhim Shankar Negi, Partha Sarthi Kuila, and Nishant Mishra, ahead of its launch next month, the news channel said in a media statement Wednesday. Bhim Shankar Negi has joined Bharat 24 as Vice President (Nor...

EXCLUSIVE PHOTOS

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!