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New Delhi: Steel companies in the country are likely to face margin pressure in the third quarter of FY25 as muted steel prices compress spreads, according to a report by Axis Securities. The report stated that the weak demand in China and higher exports from the country have been identified as key factors behind the decline in steel prices. The report highlighted that <keyword id="24048830" type="General" weightage="20" keywordseo="Chinese-steel-exports" source="keywords">Chinese steel exports</keyword> reached 92 million tonnes per annum (MTPA) between January and October 2024, marking a 22 per cent year-on-year increase. This has led to an oversupply in the global market, weighing down prices domestically. It said "Weak Chinese domestic demand along with higher Chinese exports has led to a decline in steel prices in India. Chinese steel exports from Jan'24 to Oct'24 stood at 92 MTPA, up 22 per cent YoY" In India, the average price of hot-rolled coil (HRC) steel in the trader's market in Mumbai fell by 8 per cent year-on-year and 6 per cent quarter-on-quarter to Rs 51,802 per tonne in the second quarter of FY25. Spot prices have further declined to Rs 49,000 per tonne, 5 per cent lower than the Q2FY25 average. The report also noted some signs of recovery in China's residential property sector, with increased transactions in major cities following policy measures aimed at boosting demand. However, challenges remain, as the three-month moving average of year-to-date floor space declined by 19 per cent year-on-year in September 2024, remaining in negative territory. It said "China's residential property sector is showing some signs of improvement with the transactions in major cities rising after recent policy measures introduced to boost demand". On the global front, the report noted that the probability of a 25-basis point rate cut by the US Federal Reserve in its December 2024 meeting has fallen to 58.9 per cent, down from 76.8 per cent in October 2024, owing to strong economic data from the US. Additionally, China has removed a 13 per cent export rebate on aluminum and copper, effective December 1, 2024, in response to anticipated tariff measures by the new US administration. These developments highlight the ongoing challenges and potential shifts in the global and domestic steel and metals markets.

Falling steel prices amid Chinese export surge, to reduce profits of companies in Q3 FY25: Report

<ul><li><keyword id="19896911" type="General" weightage="20" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword> and The <keyword id="19986269" type="General" weightage="20" keywordseo="Walt-Disney-Company" source="keywords">Walt Disney Company</keyword> have announced the completion of their merger.</li><li>JioStar will be the new destination for their content, with plans priced starting at ₹15 per month.</li><li>Here’s everything you need to know about JioStar and the company’s new plans.</li></ul>Reliance Industries and The Walt Disney Company have finally completed the much-awaited merger of their media businesses. With this, Star India Private Limited has emerged as the new joint venture (JV) between the two companies. Nita Ambani has been appointed as the chairperson of the JV valued at $8.5 billion on a post-money basis. After much speculation about the website, the company has announced jiostar.com as the new hub for its digital content. The company has also announced plans for different languages, starting as low as ₹15 per month. At present the company has offered several plans in standard definition and high definition, with more plans expected to be added in the coming days. <h2>JioStar standard definition packs</h2><ul><li>Star Value Pack Hindi – ₹59 per month </li><li>Star Premium Pack Hindi – ₹105 per month </li><li>Star Value Pack Marathi Hindi – ₹67 per month </li><li>Star Premium Pack Marathi Hindi – ₹110 per month </li><li>Star Value Bengali Hindi – ₹65 per month </li><li>Star Premium Pack Bengali Hindi – ₹110 per month </li><li>Star Value Pack Odia Hindi Mini – ₹15 per month </li><li>Star Value Pack Odia Hindi – ₹65 per month </li><li>Star Premium Pack Odia Hindi – ₹105 per month </li><li>Star Value Pack Malayalam – ₹57 per month </li><li>Star Premium Pack Malayalam – ₹105 per month </li><li>Star Value Pack Tamil Malayalam – ₹63 per month </li><li>Star Premium Pack Tamil Malayalam – ₹105 per month </li><li>Star Value Pack Kannada Malayalam Mini – ₹45 per month </li><li>Star Value Pack Kannada Hindi Mini – ₹45 per month </li><li>Star Value Pack Kannada Hindi – ₹67 per month </li><li>Star Value Pack Hindi Kannada – ₹67 per month </li><li>Star Value Pack Telugu Hindi – ₹81 per month </li><li>Star Value Pack Hindi Telugu – ₹81 per month </li><li>Star Value Pack Telugu Hindi Mini – ₹70 per month </li><li>Disney Kids Pack – ₹15 per month </li><li>Disney Hungama Kids Pack – ₹15 per month </li></ul><h2>JioStar high-definition packs</h2><ul><li>Star Value Pack Lite HD Hindi – ₹88 per month </li><li>Star Premium Pack Lite HD – ₹125 per month </li><li>Star Value Pack Marathi Lite Hindi HD – ₹99 per month </li><li>Star Premium Pack Marathi Hindi HD – ₹145 per month </li><li>Star Value Pack Bengali Lite Hindi HD – ₹99 per month </li><li>Star Premium Pack Bengali Lite Hindi HD – ₹145 per month </li><li>Star Value Pack Odia Lite Hindi HD – ₹99 per month </li><li>Star Premium Pack Odia Lite Hindi HD – ₹135 per month </li><li>Disney Kids Pack HD – ₹18 per month </li><li>Disney Hungama Kids Pack HD – ₹18 per month </li></ul>Apart from this, users also have the option to Ala-carte plans, selecting the channels they want and only paying for them, similar to what most dish operators already offer. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/asus-rog-zephyrus-g16-review/articleshow/115054981.cms">Asus ROG Zephyrus G16 gaming laptop review – With a big AI boost</a> <a href="https://www.businessinsider.in/business/auto/news/skoda-kylaq-suv-launched-in-india-starting-at-7-89-lakh/articleshow/115013668.cms">Skoda Kylaq SUV launched in India starting at ₹7.89 lakh</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-gt-7-pro-with-snapdragon-8-elite-6500mah-battery-to-launch-in-india-on-november-26/articleshow/114945858.cms">Realme GT 7 Pro with Snapdragon 8 Elite, 6,500mAh battery to launch in India on November 26</a>

JioStar announces plans starting at ₹15 – here’s everything you need to know

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<ul class="summary-list"><li>This is an excerpt from the Insider Today newsletter.</li></ul>From the polls to the bars. For many Americans, election night is a chance to blow off steam after an intense few months of campaigning that included a last-minute candidate switch and two assassination attempts.Business Insider's Juliana Kaplan has a story on how businesses <a target="_blank" href="https://www.businessinsider.com/election-night-prep-drinks-specials-cannabis-bipartisan-parties-2024-11">are leaning into the election season finale</a> with events and promos.As polarizing as this year has been, many businesses are taking a bipartisan approach. Whether it's weed strains or cocktails — Kamala Kush and the MAGA-rita — restaurants and retailers are happy to cater to both sides. (After all, for most of them, green is the only color that matters.)The homebodies are also set to make their economic mark on election night. In 2020, one food delivery company showed sales increased 20% on election night compared to the Tuesday prior.One tech giant is also using the election to expand on its media ambitions: Amazon.Veteran anchor Brian Williams is leading an election-night special on Prime Video. The one-off program will include more than a dozen contributors, such as James Carville and Shepard Smith. BI's Lucia Moses spoke to Williams' longtime producer, Jonathan Wald, <a target="_blank" href="https://www.businessinsider.com/amazon-brian-williams-election-night-special-plan-executive-producer-2024-10">about the show</a>.The election isn't a boon for all businesses.This time of year comes with plenty of anxiety. Almost 70% of US adults reported the election being a "significant" source of stress, according to an August survey from the American Psychological Association.That could result in workers <a target="_blank" href="https://www.businessinsider.com/us-election-cutting-into-some-worker-productivity-2024-11">having a tough time focusing today</a> and impacting their productivity, writes BI's Tim Paradis. A survey last month of US managers from <a target="_blank" href="http://ResumeBuilder.com">ResumeBuilder.com</a> found 38% felt the election had already hurt morale and productivity.For many, the concerns aren't just about the election outcome. They're about the reaction to the results. With tensions high, the country is <a target="_blank" href="https://www.businessinsider.com/election-civil-unrest-risk-kamala-harris-donald-trump-2024-11">bracing for civil unrest after the election</a>, writes BI's Katie Balevic.One data analytics and risk management company ranks the US among the five most high-risk countries for civil unrest. (The other four were Brazil, Colombia, Chile, and South Africa.)Further heightening things is the likelihood of a legal fight over the election. The 2024 presidential race is already the most litigated in history, with more than <a target="_blank" href="https://www.businessinsider.com/election-litigation-donald-trump-kamala-harris-democrats-republicans-2024-10">200 pending preelection lawsuits across 40 states</a>, writes BI's Natalie Musumeci.<a target="_blank" rel="noopener" href="https://www.businessinsider.com/what-to-watch-for-election-day-harris-trump-congress-2024-11">Here's what to watch for as the day unfolds</a>.The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, senior editor, in London. Ella Hopkins, associate editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.

How companies are looking to cash in on Election Day

<ul class="summary-list"><li>AI companies have been adjusting their election offerings and guidelines ahead of Election Day.</li><li>Perplexity launched an Election Information Hub with information on candidates, voting logistics, and results.</li></ul><a target="_blank" rel="" class="" href="https://www.businessinsider.com/kamala-harris-donald-trump-swing-states-sun-belt-polls-2024-11">Election week</a> has finally arrived. This time around, it will serve as an important test for the AI companies willing to provide their users with election-related information and updates on voting results.ChatGPT didn't exist during the last presidential election in 2020. Its <a target="_blank" rel="" class="" href="https://www.businessinsider.com/history-of-openai-company-chatgpt-elon-musk-founded-2022-12">launch two years ago</a> kicked off a wave of generative AI chatbots and tools integrated into popular consumer products like Google Search.Ahead of the election, the companies behind the products had to decide what restrictions, if any, they would implement on AI-generated content related to the election, analyzing the associated risks.Some, like the AI startup Perplexity, are loudly leaning into it.The <a target="_blank" class="" href="https://www.businessinsider.com/perplexity-ai-startup-lawsuit-allegations-targets-funding-2024-10">AI search engine</a> launched a dedicated "Election Information Hub" that uses AI to provide information about the upcoming election and results tracking. The hub includes details about voting requirements, how to find your polling place and poll times, and AI-summarized analysis on ballot measures and candidates, the company <a target="_blank" class="" href="https://www.perplexity.ai/hub/blog/introducing-the-election-information-hub">wrote</a> in an announcement.<div type="image" title="Perplexity providing information about how to vote in New York" height="1358" width="2876" msid="114958491" hostid="261" sizebytes="107828"></div>"Perplexity uses a process called Retrieval-Augmented Generation to identify relevant information and summarize it in a way that's tailored to a user's query," Perplexity spokesperson Sara Platnick told Business Insider.For election-related questions, the company is using a "curated set" of non-partisan and fact-checked sources, the company said. The separate hub doesn't use stored knowledge from the model's training data in its responses, which helps minimize hallucinations, Platnick told BI.Perplexity will also start offering live updates on elections on Tuesday by using data from The Associated Press. Other responses will use information from Democracy Works and other non-partisan factual sources like Ballotpedia and news organizations, Platnick said.<div type="image" title="Response to query about who will most likely win the election" height="1184" width="1579" msid="114958489" hostid="261" sizebytes="78204"></div>Alon Yamin, the cofounder and CEO of AI-based text analysis platform <a target="_blank" href="https://urldefense.com/v3/__https:/copyleaks.com/__;!!JZyed81S!itOc7IDeF_76NxsTUPRsm7xTzocjiL3rm1gW5KKoRo7WetzRSjCOUxm_bOIxkDmjSF4sJyCQNmuN0oTLaA$">Copyleaks</a>, said Perplexity's approach "can certainly help filter and contextualize content," helping users access reliable sources.Yamin said there are potential benefits that come with using AI for election information. AI can provide real-time updates and help identify trends, voter sentiment, and key issues.However, Yamin said that the chance of <a target="_blank" class="" href="https://www.businessinsider.com/snowflake-ceo-sridhar-ramaswamy-ai-hallucination-rates-2024-11">AI hallucinations</a> and accuracy issues presents risks.Other companies are taking different approaches. OpenAI will continue to integrate election-related responses into ChatGPT while providing some extra features in light of the election.<div type="image" title="ChatGPT response to query about who will win 2024 presidential election" height="1289" width="1719" msid="114958486" hostid="261" sizebytes="114838"></div>Starting on November 5th, those who ask ChatGPT about election result queries will see a message encouraging users to check sources like the Associated Press and Reuters, or state and local election boards for "the most complete and up-to-date information," the company said in a <a target="_blank" href="https://openai.com/index/how-openai-is-approaching-2024-worldwide-elections/">post</a> updated on October 31.OpenAI said it was "actively testing the safeguards" put in place over the last year and monitoring for any issues. It also said it will continue to adjust its protective measures, which include transparency around AI-generated content and preventing chatbots from pretending to be real people.ChatGPT will also direct users to the US voting information site <a target="_blank" href="http://CanIVote.org">CanIVote.org</a> when asked procedural election-related questions.Anthropic's Claude similarly implemented a pop-up feature that allows users who ask for voting information to be redirected to TurboVote, a nonpartisan resource from Democracy Works, it <a target="_blank" class="" href="https://www.anthropic.com/news/us-elections-readiness">wrote</a> in a post.Anthropic has other guardrails in place, including prohibiting users from using it to promote a specific candidate or issue. It said it would also prevent the chatbot from being used to generate misinformation about election laws, candidates, or related topics. In its post, the company said outputs will be limited to text-only to help eliminate "the risk of election-related deepfakes."While the live election updates may be helpful to users, AI-generated election content poses a number of risks.Yamin said AI can spread biased information, misinterpret data, and create false narratives. He also added that these models are "only as good as the data they are trained on," which opens the risk of AI-generated responses reflecting the bias of the data they are trained on.Misunderstandings could be amplified if AI misinterprets information and serves up inaccurate results, especially in a fast-moving and closely followed election environment, Yamin told BI.<a target="_blank" rel="" href="https://www.businessinsider.com/google-gemini-ai-layoffs-innovation-boring-2024-2">Google</a>, which experienced some <a target="_blank" class="" href="https://www.businessinsider.com/google-scales-back-ai-in-search-feature-overviews-eat-glue-2024-5">highly publicized AI fails</a> with its Gemini AI and AI Overviews, chose to implement constraints on what users can ask its AI products about the election. Google has said is <a target="_blank" class="" href="https://www.businessinsider.com/google-restricts-gemini-ai-chatbot-answering-election-questions-trump-biden-2024-3">restricting its AI chatbot Gemini</a> from answering questions about <a target="_blank" rel="" href="https://www.businessinsider.com/category/elections">elections</a> "out of an abundance of caution."<div type="image" title="Screenshot of Trump query in Gemini" height="1239" width="1651" msid="114958488" hostid="261" sizebytes="42396"></div>A similar search on Google's main search product on Monday didn't trigger an AI Overview summary, showing the "Top Stories" carousel of stories from publishers. Google did not immediately respond to a request for comment from Business Insider.Brad Carson, cofounder and president of the nonprofit Americans for Responsible Innovation, told BI that while Google's approach is commendable, it's not a global solution to the problem.Carson said that combatting disinformation is "not an easy task," and while it's smart for companies to try and do more to limit misinformation, the government should work on legislation that requires AI companies to clearly label the information they serve to users."I feel that other products will probably fill the gap that Google is vacating, but I think it is responsible of Google to try to step back a bit from this," Carson said.

The election is a big test for AI companies

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<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/whats-behind-china-luxury-goods-slowdown-economy-changing-consumer-tastes-2024-10">China's luxury slump</a> is spreading to more consumer brands.</li><li>Companies like Starbucks, Estée Lauder, and Nike have reported falling sales in the region.</li></ul>For the better part of this year, <a target="_blank" href="https://www.businessinsider.com/china-luxury-retail-sales-slowdown-brands-fashion-2024-7">China has experienced a slump</a> in the most opulent of sectors. Sales for luxury powerhouses like LVMH, Richemont, and <a target="_blank" class="" href="https://www.businessinsider.com/how-burberry-became-fashions-biggest-fail-stock-drop-ceo-ousting-2024-8">Burberry</a> have fallen in the region that once seemed to represent limitless growth for high-end goods.Now, that downturn is coming for a wider set of consumer industries. Chinese people aren't just saving on <a target="_blank" class="" href="https://www.businessinsider.com/gucci-sales-profit-reputation-falling-luxury-kering-michele-china-2024-5">Gucci</a> and cognac but also cutting back on spending on cheaper products like beer and lipstick. It's hitting Western brands particularly hard, as reflected by companies across the consumer sector reporting muted sales in China in the most recent quarter.Consumer spending in China never fully recovered after the government started lifting COVID-19 curbs in late 2022. Since then, the country has struggled with weak consumer sentiment and multiple economic challenges, including a property crisis, deflation, and high youth unemployment. China's<a target="_blank" href="https://www.businessinsider.com/china-economy-3q-gdp-growth-stock-market-stimulus-2024-10"> third-quarter GDP</a> grew 4.6% year-on-year — the slowest pace in over a year and below Beijing's growth target of around 5%.In late September, Beijing announced <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-aggressive-monetary-stimulus-interest-rate-rrr-2024-9">aggressive stimulus</a> measures to boost the economy, but analysts say much more is needed to spur and drive consumer confidence.Meanwhile, China's once-free-spending consumers are holding back and prefer to save — in cash or <a target="_blank" href="https://www.businessinsider.com/china-economy-gold-rush-consumer-spending-money-savings-starbucks-gucci-2024-5">gold.</a> Cautious spenders are also trading down to knockoffs and lower-priced or local alternatives across a range of products from beauty and fashion to travel.The prevailing zeitgeist in China is about "aiming to <a target="_blank" href="https://www.businessinsider.com/chinese-economy-young-shoppers-looking-dupes-substitutes-pingti-fashion-travel-2024-9#">live well while spending less,</a>" MingYii Lai, a strategy consultant at Beijing-based market research firm Daxue Consulting, told Business Insider in September.Last week, AB InBev, the world's largest beer producer, announced declining revenue in the region, joining rival Carlsberg in reporting disappointing results. AB InBev, which makes Budweiser, has struggled in China all year and reported a 16% sales drop in the country for the third quarter.People in China are skimping on on-trade alcohol purchases, meaning they are spending less at bars and restaurants, Spiros Malandrakis, Euromonitor's head of research in the alcohol sector, told Business Insider."There is some flexibility, but it is not entirely recession-resistant," he added.It looks like they aren't going out for coffee or burgers, either. Negative sales in China brought down McDonald's results for the third quarter. And <a target="_blank" class="" href="https://www.businessinsider.com/why-starbucks-is-struggling-in-china-sales-prices-competition-coffee-2024-8">Starbucks</a>, which announced its fourth-quarter earnings last week, saw comparable store sales fall 14% in China."All indications show me the competitive environment is extreme, the macro environment is tough," <a target="_blank" href="https://www.businessinsider.com/starbucks-ceo-to-lay-out-strategy-to-fix-coffee-chain-2024-10">Brian Niccol, the coffee giant's new CEO</a>, said about China during the company's earnings call.A similar phenomenon has arisen in fashion and beauty, where nonluxury brands are seeing consumer confidence, leading to an overall tightening of belts.Beauty brands like Estée Lauder and L'Oréal have reported worse-than-expected results in the region. Sales for the former decreased 11% in the most recent quarter, driven by mainland China, where the company noted a declining appetite for skincare. It doesn't expect recent government stimulus to help sales in the current quarter.Those results came on the heels of Nike's, which had lowered its full-year guidance over the summer, blaming China's unstable economy. The sneaker giant cited "softness" in the country, its third-largest market by revenue.Even <a target="_blank" href="https://www.businessinsider.com/apple-stock-earnings-report-call-live-updates-2024-10">Apple</a>, once bulletproof in the region, missed revenue estimates in the Greater China division.Despite the headwinds, there have been bright spots.Adidas managed to buck the trend, reporting sales up 9% in Greater China in the third quarter. Heineken, too, saw growth in the region last quarter.Sectors offering discretionary <a target="_blank" href="https://www.businessinsider.com/china-economy-lopsided-recovery-consumer-retail-spending-industrial-output-property-2024-5">"eat, drink, and play"</a> experiences outperformed the wider consumer sector in China earlier this year, though their momentum has slowed in the past few months, wrote Lynn Song, the chief economist for Greater China at ING, in an October 28 note."More consumers appear to be gravitating toward higher value-for-money options," Song wrote.

China's luxury slump is trickling down to other consumer companies

New Delhi: The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group. The fair trade regulator CCI has already approved the merger of Viacom 18 and <keyword id="19976122" type="General" weightage="20" keywordseo="Star-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Star India" meta.hostid="261" meta.entityid="Star India">Star India</keyword> and NCLT (National Company Law Tribunal) has sanctioned the scheme regarding it. "The companies are in the process of obtaining other requisite approvals for the completion of the transaction and transaction closer is expected in 3Q FY 25," informed Reliance Industries on Monday in its quarter earning statement. The merger of Reliance group-controlled media assets - TV18 Broadcast and E18 - with Network18 Media &amp; Investments has already been sanctioned by the NCLT and was made effective on October 3, it said. Earlier on September 27, the government approved the transfer of licenses relating to Non News &amp; Current Affairs TV channels held by media entities of Reliance Industries to Star India. "The Ministry of Information and Broadcasting, Government of India, vide its order dated September 27, has granted its approval for transfer of Licenses relating to Non News &amp; Current Affairs TV channels held by <keyword id="19976121" type="General" weightage="20" keywordseo="Viacom18" source="keywords" meta.keywordsubtype="org" meta.entityname="Viacom18" meta.hostid="261" meta.entityid="Viacom18">Viacom18</keyword> Media Private Limited in favour of Star India," it had said. Viacom18 is the holding company that owns the media and entertainment business of billionaire Mukesh Ambani-led Reliance Industries and Bodhi Tree Systems. Both sides are in the final stages of the merger, making some adjustments in the business as per the Competition Commission of India (CCI) directions. On August 30, the NCLT had approved the scheme of merger of Viacom18 Media and Digital 18 Media, holding media and entertainment assets of Reliance Industries with Star India. The scheme had proposed the transfer and vesting of Media Operations Undertaking from Viacom 18 and Jio Cinema into Digital18, which is a subsidiary of Viacom 18. This would be followed by "demerger, transfer and vesting of V18 Undertaking from Digital 18 into Star India". The merger of the media assets of Reliance Industries and The Walt Disney Co.'s India business will create the country's largest media empire worth over Rs 70,000 crore. Earlier, the CCI had said it has cleared the "proposed combination involving Reliance Industries Ltd, Viacom18 Media Pvt Ltd, Digital18 Media Ltd, Star India Pvt Ltd and Star Television Productions Ltd, subject to the compliance of voluntary modifications". Viacom18 is part of the RIL group, and Star India is wholly owned by The <keyword id="19986269" type="General" weightage="20" keywordseo="Walt-Disney-Company" source="keywords">Walt Disney Company</keyword>. Star Television Productions, a company incorporated in the British Virgin Islands, is owned indirectly by Walt Disney. The CCI, however, did not disclose voluntary modifications in the original deal made by the two parties. As per the deal, Mukesh Ambani-led RIL and its affiliates will hold 63.16 per cent of the combined entity that will house two streaming services and 120 television channels. Walt Disney will hold the remaining 36.84 per cent stake in the combined entity, which will also be India's largest media house. Reliance Industries has also agreed to invest close to Rs 11,500 crore into the joint venture to give it the muscle to fight rivals like Japan's Sony and Netflix. Nita Ambani, wife of billionaire and RIL Chairman <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>, will head the joint venture, while Uday Shankar will be the vice-chairperson.

Reliance expects to complete merger with Disney's India business in Q3

For many professionals out there, <keyword id="19902762" type="General" weightage="100" keywordseo="Google" source="keywords" meta.keywordsubtype="org" meta.entityname="Google" meta.hostid="261" meta.entityid="Google">Google</keyword> continues being the dream company that they want to land a job at. Even though the company carried multiple rounds of layoffs since 2023, it remains one of the highest paying <keyword id="20000550" type="General" weightage="20" keywordseo="tech-companies" source="keywords">tech companies</keyword> in the world. This is why landing a <keyword id="23527633" type="General" weightage="20" keywordseo="job-at-Google" source="keywords">job at Google</keyword> at the beginning of their careers is huge for people. Hence, any news related to Google quickly goes viral and people are always curious to know about what's happening at the tech giant. Now, according to a Reuters report, Google has filed a request with a California federal judge to delay a court order that mandates the company to open up its Play Store to increased competition. In a court filing submitted on Friday, the tech giant argued that the injunction, set to take effect on November 1, poses “serious safety, security, and privacy risks” to the Android ecosystem. Google urged U.S. District Judge James Donato to pause the ruling while it appeals the decision. <h2>About the case </h2> The injunction stems from a case filed by Epic Games, the maker of “Fortnite.” In October 2023, a jury ruled that Google had been illegally monopolising the way consumers download apps and make in-app purchases on Android devices. Judge Donato’s ruling, issued on October 7, forces Google to allow third-party app stores and payment methods on its platform. Additionally, the order bars Google from paying device manufacturers to preinstall its Play Store and from sharing revenue generated through it with other app distributors. Google claims the ruling could introduce significant risks to Android users, and is fighting to delay its implementation while pursuing a legal appeal. <h2><keyword id="19954681" type="General" weightage="20" keywordseo="Sundar-Pichai" source="keywords">Sundar Pichai</keyword> on what it takes to join Google </h2> On another note, Google boss Sundar Pichai recently shed light on what it takes to join Google’s coveted ranks, especially for those aiming at engineering roles. In an episode of The David Rubenstein Show: Peer to Peer Conversations, Pichai opened up about the attributes Google looks for in its employees, giving hopeful candidates a clearer picture of what it takes to be part of the tech behemoth. According to Pichai, <keyword id="22767045" type="General" weightage="20" keywordseo="technical-excellence" source="keywords">technical excellence</keyword> is just the starting point. It’s the foundation, yes, but not the full package. What truly sets candidates apart is their adaptability and eagerness to learn in an ever-changing, dynamic environment. “We’re looking for superstar <keyword id="19959624" type="General" weightage="20" keywordseo="software-engineers" source="keywords">software engineers</keyword>,” Pichai noted, saying that in a world of rapidly evolving technology, the ability to remain curious and agile is essential. He also highlighted Google’s tradition of offering free meals to employees—not just as a perk but as a deliberate initiative to foster community and spark spontaneous moments of creativity. He also recalled his early days at Google, where informal chats in the café sometimes led to breakthrough ideas. “It’s about creating the conditions for people to connect and think outside the box,” he shared. (With Reuters inputs)

Google Seeks to delay judge’s ruling on App Store competition over security concerns

<ul class="summary-list"><li>Companies from United to Nestlé have talked about a sales slowdown due to the presidential election.</li><li>Experts say some shoppers are holding back until after November 5 — but not everyone.</li></ul>Companies are bracing for people to shop, travel, and drink less around <a target="_blank" class="" href="https://www.businessinsider.com/what-is-going-on-with-economy-jobs-inflation-election-voting-2024-10">Election Day</a>.Executives at some major brands have said on earnings calls in recent weeks that they expect their <a target="_blank" class="" href="https://www.businessinsider.com/election-impact-companies-trump-harris-2024-10">financial results to take a hit</a> around the time voters will decide between Vice President Kamala Harris and former President Donald Trump. They range from Constellation Brands, the maker of Modelo, which expects fewer people to go out drinking around the election, to airlines like United and Delta, which often see passenger counts dip around Election Day.Some companies already have seen political news distract customers. When a gunman died after injuring Trump at a rally in Butler, Pennsylvania in July, for instance, Amazon saw some people put off making purchases on the website, CFO Brian Olsavsky said in August."A lot of times, purchases will defer and people will come back and buy what they were going to buy," Olsavsky said on a call with reporters. "And other times — that won't happen."Other companies have invoked the election but not provided details about the dynamics leading consumers to pull back. Anna Manz, CFO of Nestlé, said on the company's earnings call last week that it's facing a slowdown in the US and "concerns around the elections are playing out." Nestlé did not immediately respond to a request for more details from Business Insider.Research suggests that some consumers — though not all — do indeed reduce purchases around the event.Some shoppers are holding off on making purchases until after November 5, according to a September survey of 400 Kroger shoppers by 84.51, the grocer's marketing subsidiary. Eighteen percent of those surveyed said they were holding off on buying big-ticket items such as electronics or appliances. Slightly smaller percentages said they were holding off on an investment decision or buying a car.Consumers might be holding off on big purchases because they need loans and hope that interest rates will fall more in the months after the election, said Alex Trott, director of insights at 84.51. But some might not actually care as much about the election as the seasonal promotions that tend to follow in November and December, she added. "We are also bumping up against a holiday season where there are always sales," Trott said.People under 34 were also more likely than older consumers to put off a major financial commitment until after the election, 84.51 found.Older consumers, such as Baby Boomers and members of Gen X, "can make some of these bigger decisions," said Trott. "Younger people don't have that spending power. They are sensitive to these smaller price changes."Most people — 53%, according to 84.51 — said they weren't delaying any big purchases as a result.This US election is taking place after years of inflation have squeezed consumers. <a target="_blank" class="" href="https://www.businessinsider.com/pennsylvania-grocery-store-voters-talk-economy-inflation-harris-trump-2024-10">The economy is a top concern</a>, voters told BI this week. Deutsche Bank said <a target="_blank" class="" href="https://www.businessinsider.com/sticky-inflation-outlook-risk-cpi-fed-rate-cuts-geopolitics-recession-2024-10">inflation will remain stickier than expected</a>.Many companies are also forecasting that demand will return after either Trump or Harris wins the election. Modelo maker Constellation, for instance, said it expects beer demand to pick up again.Ron Hill, a professor at American University's Kogod School of Business, said consumers' retreat could last longer if determining who won takes weeks.Polls show that the <a target="_blank" class="" href="https://www.businessinsider.com/harris-trump-presidential-election-swing-state-polls-sun-belt-2024-10">race between Trump and Harris</a> is close to a toss-up just over a week ahead of Election Day. If the race comes down to a single evenly divided state, as it did in 2000, when it took five weeks beyond election day to determine that George W. Bush had won the White House, shoppers might spend more time focused on that news and less time making discretionary purchases, Hill said."That's going to be hell to pay" if that happens, he said.

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