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<ul><li><keyword id="3068126" type="PERSON" weightage="20" keywordseo="Schbang">Schbang</keyword> &amp; <keyword id="396963" type="PERSON" weightage="20" keywordseo="Dominos-India">Dominos India</keyword>, came together to collaborate with Osho Jain, the leading Indian Singer-Songwriter, Performer, and Music Composer/Producer known for his Indie Music</li><li>To create awareness to get vaccinated, the group created, Kitna Kuch Karna hai, a song that urges people to get vaccinated by speaking about the numerous activities that people loved to do &amp; with the hope of doing all of them again post the pandemic.</li><li>However, the only way out of this is to get vaccinated. </li></ul>At the moment when India is still dealing with a raging pandemic, the only way out is the entire nation getting vaccinated. <keyword id="11795789" type="UNKNOWN" weightage="20" keywordseo="dominos-india-schbang">Dominos India &amp; Schbang</keyword> the creative &amp; technology transformation company joined hands with Indian musician Osho Jain to encourage everyone to get vaccinated against COVID-19 through the #HaathBadhaoIndia #VaccineLagaoIndia campaign. The musical, ‘Kitna Kuchh Karna Hai’ featuring Jain himself highlights the importance of vaccination in order to beat the pandemic. A dismal Jain is seen reminiscing old times when one could go out freely, travel, go to college, meet with friends, showcased in the form of illustrations throughout. The illustrations showcase real stories collected from people through Domino's social channels about how they would like to participate in activities post vaccination. The video ends on a positive note with Jain securing a slot for the vaccine and encouraging everyone to book a slot for themselves. <div type="Youtube" id="AM9DVG6_4wc" title="Kitna Kuch Karna Hai Isliye #HaathBadhaoIndia #VaccineLagaoIndia" thumbUrl="https://i.ytimg.com/vi/AM9DVG6_4wc/mqdefault.jpg"></div> The music video, issued in public interest, encourages the nation to act collectively as a community to beat the virus with the help of vaccination. Sandeep Anand, CMO from Domino’s commented, “With this campaign what we really wanted to do was create a positive movement towards vaccination by giving people a sense of all the things we can go back to doing in a post covid world - it’s all about love, friendship, and happiness.” Commenting on the video, Harshil Karia, Founder, Schbang said, “This digital campaign is a collaborative effort of artists, illustrators, musicians and filmmakers. I hope the music by Osho Jain inspires young India to get vaccinated”

Dominos India and Osho Jain create a music video together to urge citizens to get vaccinated

The present day <a href="http://www.businessinsider.in/searchresult.cms?query=E-commerce&amp;sortorder=effectivedate">e-commerce</a> has changed exponentially by the advent of touch screen smart devices, easy and affordable availability of mobile internet. The mobile ecosystem has transformed the way people are performing tasks that were usually done though the PC or physically. It could be buying movie tickets, grocery or renting/selling a property there is an app and/or mobile site for everything that was previously done on the PC. 
 The app world is overflowing with more than 3 million apps for <keyword id="75489" type="ORGANIZATION" weightage="60" keywordseo="IOS">iOS</keyword>, <keyword id="6355645" type="COMPANY" weightage="60" keywordseo="android">android</keyword> and <keyword id="6354717" type="ORGANIZATION" weightage="60" keywordseo="Windows">windows</keyword>. All these apps are putting up a tough fight against each other for screen space. On an average a smart device user has about 15 to 20 apps on the smartphone, with an estimated uninstall rate of about 90% for new apps. 
 
Smart device users in India collectively downloaded a whopping 9 billion apps in the year 2015, which is 5 times than what they downloaded a year ago in 2014. 
 
Businesses are now majorly focusing on taking their goods/services to a larger audience through the internet. Most businesses are now developing mobile websites and apps that can allow users to access at all times through their smart devices. 
 
Apps are more popular amongst users because they are very handy. They provide a clear picture of user habits like shopping preference and location details to lure you with relevant deals and make sales. Formerly browsers did not offer such functionality. Browsers where not equipped to use features like GPS to provide relevant results to users. Developers lacked insight they just made basic changes to desktop sites to make them compatible with the mobile browser compromising UX. 
 
Swift performance, prompt response to touch and easy navigation were a far cry for earlier browsers. Now with the improvised new generation browsers like Safari, Chrome and UC most of these drawbacks have been fixed. Unlike their old counter-parts these browsers are packed with features and offer excellent UX. Pages respond well even with poor connectivity. Browsers allow users to compare different products and their prices among the online retailers without having to download their apps. Users can do multiple thing from a single browser window. 
 
Users get to choose between an app and its mobile site that can be accessed through their smart device. The prime difference between using an app compared to the mobile site is the experience that both the mediums provide the user with. Apps are equipped to enhance user experience by quick and concise options within the app designed specifically for Android, iOS and Windows enabled devices. 
 <keyword id="45558" type="TECHNOLOGY" weightage="20" keywordseo="Smart-Phone">Smart phone</keyword> users spend 90% of their phone time within apps. The basic reason to switch from mobile site to an app is faster browsing and convenient options to switch within different categories, but only a handful of apps are used regularly rest of them are either replaced or deleted. Apps that are not used regularly end up being uninstalled, users prefer using the mobile site or browser versions of the apps that are useful but not used on a regular basis. Apps that are not used very regularly always face the problem of retaining users. Frequency of usage is what matters most for the success of any app. 
 
Smartphone users prefer retaining apps that they use daily like social media and messenger apps. Useful but less frequently used apps are usually uninstalled. Users prefer using the mobile site as and when needed. Chewing up phone memory, battery draining and slowing down phone performance are few of the principle reasons that lead to app uninstalls. Too many pop-up ads and notifications are another reason why users uninstall apps and use their mobile website whenever needed. 
 
Users find navigating and reading difficult when they load a website on their smart device. When using a mobile website users have to zoom in and out several times to read all options and click on certain buttons. This is when they feel the need to download the app version that combines the resourcefulness of the web along with the functionality of touchscreen phone to provide an optimized view across all smart devices. 
 
Apps are good if you have a large user base and huge usage frequency like Twitter, Facebook, Instagram or Whatapp. Fashion retailing house <a href="http://www.businessinsider.in/searchresult.cms?query=Myntra&amp;sortorder=effectivedate">Myntra</a>, too the app only approach in May 2015, and later revived its website in December 2015. Now it has an app and a site both. If you offer services or goods than it is equally important to have a good app, website and mobile site. <a href="http://www.businessinsider.in/searchresult.cms?query=E-commerce&amp;sortorder=effectivedate">E-commerce</a> businesses must create a balance to ensure that they can efficiently cater to all your audience. 
 (Article by <keyword id="158124" type="PERSON" weightage="40" keywordseo="Anand-Jain">Anand Jain</keyword>, Co-Founder, <keyword id="3139442" type="UNKNOWN" weightage="40" keywordseo="CleverTap">CleverTap</keyword>) 
 
<a href="http://www.emosaic.co.uk/userfiles/Images/Articles/Web-vs-App-large.jpg">Image Source</a>

Indian App Market V/S Browsers

<ul><li>Tejashwi Yadav clocked over 1.24 million engagements in October overshadowing incumbent Bihar CM Nitish Kumar who managed only 133,879 engagements. </li><li>The IPL was the flavour of the season for cricketers where expectedly India captain and expectant father Virat Kohli topped Twitter engagement with 2.4 million engagements. </li></ul>Twitteet, a social media analytics firm released its October analytics report today. This is the first time social media analytics for Twitter engagement by 20 categories have been done on a daily and monthly basis. The categories whose Twitter engagement have been analysed include Politicians (party-wise), Journalists, Business Leaders Founders &amp; Investors), Sportspersons (cricket and other sports), Movies stars (Bollywood and regional), Authors, Chefs, and Comedians. Here are the winners from some key categories: <ol><li>Politicians – Narendra Modi - 72,15,913 Twitter Engagements</li><li>Bollywood – Sonu Sood - 24,36,601 Twitter Engagements</li><li>Business Head – Anand Mahindra - 4,08,882 Twitter Engagements</li><li>Cricketer – Virat Kohli - 24,65,918 Twitter Engagements</li><li>Sports Star (non-cricket) – Vijender Singh - 4,27,006 Twitter Engagements</li><li>TV Star – Sidharth Shukla - 3,90,901 Twitter Engagements</li><li>Journalist – Deepak Chaurasia - 18,88,720 Twitter Engagements</li><li>Founders – Kunal Shah - 60,093 Twitter Engagements</li><li>Comedians – Kunal Kamra - 11,46,111 Twitter Engagements</li><li>Regional Cinema Star – Mahesh Babu - 7,32,964 Twitter Engagements</li><li>Authors – Anand Ranganathan - 5,36,874 Twitter Engagements</li><li>Investor – Mohandas Pai - 99,741 Twitter Engagements</li></ol>Key highlights of the first report include the remarkable rise of Tejashwi Yadav who clocked over a 1.24 million engagements in October overshadowing incumbent Bihar CM Nitish Kumar who managed only 133,879 engagements. Expectedly, Prime Minster Narendra Modi topped the overall Indian Twitter engagement rankings with over 7.2 million engagements. Among Indian Politicians Congress leader Rahul Gandhi is at #2 with 3.5 million engagements, UP CM Yogi Adityanath and Priyanka Gandhi Vadra were 3rd and 4th in the Indian Politicians engagement rankings. Surprising inclusions in the top 10 among politicians were BJP Spokesperson Sambit Patra at #8 who clocked a 1.1 million engagements; Dr Kumar Vishwas at #5 who got 1.2 million engagements. Sonu Sood’s humanitarian work during the pandemic saw huge resonance on Twitter where even at a Twitter following of a tenth of super star Shah Rukh Khan (Sonu Sood’s 4.6 million followers to SRK’s 41.3 million followers) he topped Twitter engagement among Bollywood Stars with a phenomenal 2.4 million engagements. The Bollywood Badshah Shah Rukh Khan was at #2 with 7.3 lakh engagements. Akshay Kumar with 6.72 lakh engagements was at #3, and Anupam Kher with 4.74 lakh engagements was at #4. Former Maharashtra CM, the late Vilasrao Deshmukh’s actor-son Riteish Deshmukh was at #5 with 4.2 lakh engagements. Pooja Hegde was the surprise entrant into the top 10 with 2.51 lakh engagements. In the Business Leaders category, Anand Mahindra towers over others with over 4 lakh engagements. RPG Group’s Chief Harsh Goenka is at #2 with 2.2 lakh engagements. Chinese mobile phone brands India CEO’s Manu Kumar Jain of XiaoMi and RealMe’s Madhav Sheth are at #3 and #4 respectively with 1.5 lakh and 1.1 lakh engagements respectively. Wipro Chairman Rishad Premji with 49K engagements is at #5, Biocon’s Kiran Mazumdar-Shaw with 41K engagements at #6, Marico’s Harsh Mariwala with 24K engagements is at #7, Micromax co-founder Rahul Sharma with 19K engagements at #8 and Chairman of JSPL and former MP, Naveen Jindal with 16K engagements is at #9. Google’s Global CEO Sundar Pichai with 15K engagements is at #10. The IPL was the flavour of the season for cricketers where expectedly India captain and expectant father Virat Kohli topped Twitter engagement with 2.4 million engagements. Suresh Raina was at #2 with 1.9 million engagements. Former stars Sachin Tendulkar at #3, Harbhajan Singh at #5, and Virendra Sehwag at #6, actively engage with fans and followers on Twitter with 1.5 million; 6.8 lakh and 6.3 lakh engagements. Aakash Chopra, now a commentator is also hugely popular and ranks #4 with over 9.65 lakh engagements on Twitter in October. Perennial favourite Mahendra Singh Dhoni was completely inactive on Twitter in October despite more than 8.1 million followers. Among Indian sports persons, outside of cricket, Olympic medallist and pro-boxer Vijendra Singh tops with 4.27 lakh engagements. Perhaps the India’s best kept secret in sports is veteran pistol shooter, coach and sports enthusiast 88-year old Dadi Chandro Tomar, better known as ‘Shooter Dadi’ from Baghpat, UP. Since learning to shoot when she was well into her sixties she has attained national fame as an accomplished shooter having won more than 30 national championships. She was at #2 in the non-cricket sports category with a phenomenal 2.84 lakh engagements leaving superstars like Saina Nehwal, Babita Phogat and Jwala Gutta behind! In the intensively competitive Journalists category, News Nation’s Deepak Chaurasia topped Twitter engagement with a whopping 1.88 million engagements. Aaj Tak’s Rohit Sardana was at #2 with 1.1 million engagement followed by Sushant Sinha with 1.05 million engagements. Veteran journalist and India Today’s Consulting Editor Rajdeep Sardesai was at # 8 wit6 6.6 lakh engagements and Rana Ayyub was at #6 with 7.6 lakh engagements. In other categories, Comedians and Start-up founders made their mark. Among comedians, Kunal Kamra topped impressively with 1.1 million engagements, followed by Ashish Chanchlani at #2 with 4.92 lakh engagements, Vir Das at #3 with 3.2 lakh engagements, Atul Khatri at #4 with 2.21 lakh engagements and Amit Bhadana with 1.1 lakh engagements at #5. Cred Founder Kunal Shah lead the Business Founders category with 60K engagements and Paytm’s Vijay Shekhar Sharma was next with 23K engagements. Said Twitteet co-founder Sandeep Amar: “Our core objective is to provide social business intelligence, social monitoring and actionable insights to the leaders across various domains and also to businesses and marketers. We run daily analysis of all engagements – which are the total of likes and retweets, collate these every month, across categories; and then slice and dice them to mine actionable insights. At some level a leaders Twitter engagement gives one sense of his connect with his constituents and what are the key issues that matter. We hope to sharpen this data over time and broad base our offerings to other social platforms and geographies.”

Narendra Modi, Sonu Sood and Anand Mahindra top Indian Twitter engagement in October 2020, shows report

If you think <keyword id="10387" type="CITY" weightage="60" keywordseo="Microsoft">Microsoft</keyword>’s prolonged search for the next <keyword id="5645" type="POSITION" weightage="100" keywordseo="CEO">CEO</keyword> is getting a bit nutty, especially with a disgruntled <keyword id="62333" type="PERSON" weightage="60" keywordseo="Steve-Ballmer">Steve Ballmer</keyword> waiting on the sidelines to hand over the mantle, you are not far from the truth. But then, that is the actual state of the coveted C-Suite nowadays – volatile is the right word if you want to sum it up. There is no job security at the top and even the best performer for years can get redundant within the span of a few weeks. The issues could be many – right from <keyword id="646347" type="UNKNOWN" weightage="100" keywordseo="poor-performance">poor performance</keyword> to <keyword id="610960" type="UNKNOWN" weightage="100" keywordseo="business-restructuring">business restructuring</keyword> to alleged <keyword id="6375736" type="UNKNOWN" weightage="100" keywordseo="corruption-charges">corruption charges</keyword>. But the biggest factor is relevance, a perfect future-fit that can take companies ahead, according to <keyword id="67736" type="UNKNOWN" weightage="100" keywordseo="Industry-experts">industry experts</keyword>. In a difficult <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword>, companies are compelled to twist and turn to keep track of profitability and their requirements change accordingly. Hence, their leaders have to adapt, shape up or ship out, as the case might be. 
 India is no exception and business leaders across the country have been frequently ‘released’ by industry giants. Many of them leave with ‘immediate effect’ while others are on garden leave or worse still, waiting for their predecessors to turn up (just like Ballmer). Yet, most of the C-Suite executives are tight-lipped about their departures, at least here in India. We are yet to come across an announcement like the one made by <keyword id="384914" type="PERSON" weightage="60" keywordseo="Groupon">Groupon</keyword>’s founder and former CEO <keyword id="488139" type="PERSON" weightage="60" keywordseo="Andrew-Mason">Andrew Mason</keyword>. But exit happens all the same – be it discreet or blatant. Here’s a quick look at some of the top-notch C-Suite executives from India who parted ways with their respective companies in 2013, their official exit lines and what happened behind the scene.

Strife At The Top: These
11 C-Suite Execs From India
Were ‘Let Go’ In 2013

<ul><li>Streaming services grew at 50-60% during the pandemic, now it’s fallen to around 13%.</li><li>Ad supported models and new regional players are disrupting the market.</li><li>Higher acquisition and production costs and churn are troubling players who are seeing effects of slowdown.</li><li>The original content that’s streaming on OTTs is also falling into a rote, say consumers and film-makers. </li></ul>The year 2020 was a watershed year for many industries, as lockdowns put enormous restrictions on people. Ramesh Bharadwaj was stuck at home waiting for the pandemic to end. To pass time and keep his mind off crazy thoughts, the 27-year-old script writer started watching web series. And he subscribed to more and more OTT platforms to keep himself occupied. “Last year (2022), I realized that I had the big three — Prime, <keyword id="128682" type="General" weightage="20" keywordseo="netflix" source="Orion">Netflix</keyword> and <keyword id="2739840" type="General" weightage="20" keywordseo="hotstar" source="Orion">Hotstar</keyword>, and one more Telugu OTT. I was spending over ₹5,000 a year on these services. When I came to senses, I retained two and cancelled the rest,” he told Business Insider India. Bharadwaj joins the list of many people who are cutting down on the number of OTT subscriptions. Apart from costs, the screen-time has drastically reduced after they started stepping out after the pandemic. Binge watching is no more in vogue — which is taking the shine off the growth rates of OTT players compared to the pandemic. The ‘cool factor’ goes poof The dullness that’s seeped into the OTTs is not just because of screen fatigue and too many options. The ‘alternate’ content that’s made streaming cooler than TV, is also fast waning. Akshay Bardapurkar, CEO and Founder, Planet Marathi too says that people are moving away because there is nothing exciting to watch. “People want to devote their free time to watching OTTs but the quality of content post-Covid is not up to its mark. You don’t subscribe to OTTs for one series or a movie, you need continuity and that’s seen a downfall post-Covid,” he adds. Bharadwaj too tells that he is watching a lot less of streaming services because there’s nothing exciting to watch. “The last time I enjoyed a series was Khakee and Panchayat Season 2,” he sighs. Experts also say that all the web series are sounding and looking the same too. “The thriller genre is overdone on OTT and they’re falling into a rote. In order to make people watch the next episode, they’re having to invent ‘kicks’ in each episode and extend a story that can be told in 1.5 hours to 4-4.5 hours across eight episodes,” Indrani, a documentary filmmaker tells Business Insider India. “They’re nothing more than sophisticated soaps,” she opines. The growth curve has flattened In 2023, the number of people using OTT platforms increased by 13.5%. While it’s still double-digit growth, it’s nowhere close to the 50-60% seen during the pandemic. OTT players call these reduced growth numbers as signs of stabilization and maturity. “The curve has flattened over time. This had to happen. But we at Hoichoi are seeing some pockets of high growth,” Soumya Mukherjee, COO of regional language OTT player Hoichoi tells Business Insider India. The business is moving but at a much slower pace. “Now, the (OTT) growth is more organic, influenced by factors like cheaper data, content variety and the widespread availability of digital platforms. The fervour witnessed during the pandemic-induced surge has mellowed down to a more gradual pace,” said Sameer Jain, managing director of Primus Partners. Bharat binges but on AVOD model All in all, 423.8 million Indians watch content on an OTT platform. An average user holds 2.8 subscriptions each. And India has over 100 million paid subscriptions in India. Most of the new subscribers are coming from non-metroes. “Metropolitan areas and some smaller urban centers are showing signs of saturation, experiencing minimal growth. Notably, smaller towns and rural areas, where only 23% of the population is engaged compared to the national average of 34%, are driving this growth,” Jain tells Business Insider India. This new-growth patch for OTT is coming at a new business model – AVOD or advertising-based Video on Demand. Popularized by Jio Cinema which offered Indian Cricket World Cup for free with ads, the model involves some ‘free content’ and some ‘premium’ offerings behind a paywall. The large OTTs, which disrupted linear TV, are now being disrupted. “A clear structural disruption for the India content/telecom ecosystem may lead to early consolidation signs for India OTT, strain on global OTT giants (behind the paywall), and India OTT shifting to free offerings,” says Karan Taurani, media sector analyst at Elara Capital, says in a note. Mushrooming and churn During its high-growth phase, many new and regional players have mushroomed thanks to low-entry barriers. India now has over 47 OTT platforms across languages like Haryanvi etc in addition to multiple options in South languages. “The acquisition cost of new customers is very high, and their churn is also very high,” Archana Anand, chief business officer of ZEE5 Global said at an event in November. The average cost of customer acquisition for an OTT platform currently ranges from ₹250 to ₹650, as per Jain. “The growth rate of paid subscriptions decreased by about 20% in 2022 from its peak during the pandemic. Moreover, users are now frequently activating and deactivating subscriptions,” he sums up. Mukherjee too says that there would be consolidation in the sector. “A lot of newer and smaller players will survive only on the aggregator model. And large players and established language players will be able to go on independently,” he believes. Even when it’s becoming difficult to acquire customers, OTT players are having to spend heavily on new shows. In 2022, where spending on original shows alone ranged from $600-700 million, which does include the cost of acquiring movies etc. Most OTT players are now stuck between a rock and a hard place — having to keep churning out new and interesting content for viewers who are not swelling as fast. (This is an article in the ‘Boom to Bust’ series which will discuss post-pandemic trends.)

Boom2Bust: Streaming services slip after their pandemic-highs

<ul><li>The Indian government released its second tranche of <keyword id="2754241" type="General" weightage="20" keywordseo="sovereign-gold-bonds" source="Orion">sovereign gold bonds</keyword> at a price of ₹5,873/gm with 8 year tenure.</li><li>The tranche opened on September 11 and will close on September 15.</li><li><keyword id="46002" type="General" weightage="20" keywordseo="gold-prices" source="Orion">Gold prices</keyword> are expected to remain range-bound in the near term, but a hazy macroeconomic picture offers tailwinds for growth, say analysts.</li><li>Investors must buy on dips to accumulate the risk-reducing role in uncertain times, analysts say </li></ul>Gold prices have been rising for most of 2023 with a few dips since March. As the yellow metal’s value oscillated between increased risk aversion and higher opportunity cost of holding gold and US economic resilience — experts advise investors to remain strong on gold and buy on dips. The Indian government has released its second tranche of 2023’s sovereign gold bonds at a price of ₹5,873 per gram (effective after ₹50 digital payment discount) with an eight year tenure. For those intending to go long on gold, this is a good opportunity, say analysts, as Monday’s prices hovered at around ₹60,000 per 10 gms. “These bonds offer annual returns of 2.5%, which serve to balance their portfolio over time. However, investors are encouraged to adopt a staggered approach when acquiring sovereign bonds. By doing so, they can accumulate gold at varying price points,” Jateen Trivedi, VP of research at LKP Securities told Business Insider India. While the government assures the holding of the grammage in gold, its returns depend upon the prevailing gold price of time. On redemption, capital gains are not charged on these bonds to the investor — irrespective of the quantum of gains earned by the investor. If the bonds are sold in the secondary market, they will either be charged short-term or long-term capital gains tax as per the time sold. “Retail investors considering taxation benefits may consider sovereign bonds in place of Gold ETFs. Meanwhile both options are favorable as compared to investment in physical gold in terms of lower capital investment and taxation purpose,” said Naveen Mathur, director of commodities &amp; currencies, Anand Rathi Shares and Stock Brokers. The tranche opened on September 11 and will close on September 15. <div type="image" title="gold prices" msid="103595748" hostid="261" caption="&amp;lt;p&amp;gt;Source: Business Insider India &amp;lt;/p&amp;gt;"></div> Range-bound in the near term International gold prices have been on a backfoot for most of August. But they had had a headwind in the form of US 10-year inflation-protected treasuries which touched 2% for the first time since the 2008 financial crisis starting the month at 1.6%, said Quantum Mutual Fund in its September outlook. “Long term US treasury yields declined on comments from a host of Federal Reserve officials. They signalled a pause in the central bank rate hike cycle,” said a report by ICICI Securities. As interest rates harden, gold prices will rise as a safety bet, and if they remain steady or rate cuts come into the picture, they would fall. In the near term, analysts believe that multiple macroeconomic factors might keep a lid on prices and remain rangebound for the foreseeable future till clarity emerges on the global growth and inflation fronts. “Investors can use a buy on dips strategy to build a 15-20% allocation to gold which can play a risk-reducing role during the current macroeconomic and geopolitical uncertainty as well as enhance returns in case of a growth setback where the Fed is forced to cut rates even while inflation is high,” said Ghazal Jain, fund manager of alternative investments, Quantum Mutual Fund. With or without interest rate movements, the US economy has been on a hard path as pandemic era savings are dwindling and rising credit card debt. Gold’s shine remains high as a safe bet as few analysts have chosen to change their annual outlook on gold prices.

Take a staggered approach to buy sovereign gold bonds

The <keyword id="6380521" type="General" weightage="100" keywordseo="gmr" source="Orion">GMR</keyword> Group (co-owners of Delhi Capitals) and Microsoft chairman &amp; CEO <keyword id="276564" type="General" weightage="80" keywordseo="satya-nadella" source="Orion">Satya Nadella</keyword> and GMR Group-led consortium have bagged the rights to own and operate a team in Major League Cricket (<keyword id="6382182" type="General" weightage="80" keywordseo="mlc" source="Orion">MLC</keyword>), a new T20 franchise league in the USA, which is scheduled to be launched this July. In a media release issued on Thursday night, the MLC confirmed that the franchise would be called <keyword id="64863" type="General" weightage="80" keywordseo="seattle" source="Orion">Seattle</keyword> Orcas. Notably, Orcas, killer whale native to the ocean waters around Seattle, is considered a symbol of power and strength. Other than <keyword id="2045946" type="General" weightage="80" keywordseo="nadella" source="Orion">Nadella</keyword> and GMR, the other investors in the Orcas franchise comprise Soma Somasegar (managing director of Madrona Ventures), Samir Bodas (co-founder and CEO, Icertis), Ashok Krishnamurthi (managing partner, GreatPoint Ventures) and Sanjay Parthasarathy (a former senior executive at Microsoft and Avalara). "We see America as the new frontier for cricket's growth globally, and the Pacific Northwest provides an incredible opportunity for us to bring the resources of GMR Sports to the region and help the Seattle Orcas build a team competing for championships," said Kiran Kumar Grandhi, Managing Director, and CEO of GMR Group, a Co-Owner of Delhi Capitals. The Pacific Northwest is a hotbed for American cricket, with a vibrant youth scene and the current reigning Minor League Cricket champions, the Seattle Thunderbolts, hailing from the area. It's going to be exciting to see the Seattle Orcas build on that platform and compete in the inaugural Major League Cricket championship this summer," said Justin Geale, MLC Tournament Director. Meanwhile, other IPL franchises Mumbai Indians and Chennai Super Kings have also bought stakes in MLC. MI, who also have teams in the SA20 and the ILT20 apart from the IPL, will run the New York franchise while Super Kings, who also owns a team in the SA20 will run the Dallas franchise in Texas along with local investors Anurag Jain and Ross Petrot Jr. Notably, Kolkata Knight Riders were the first IPL franchise to enter the MLC circuit, associating themselves with Los Angeles. The arrival of three others means four out of the six teams in MLC overall will be helmed by IPL franchises, The two other franchises in the league are based out of Washington DC and San Francisco. The Washington DC franchise -- to be called Washington Freedom -- is owned by local American investor Sanjay Govil, who has tied up with New South Wales Cricket, to provide the operational expertise including helping set up the squad and putting a cricketing structure in place. A similar strategic tie-up has been struck between the San Francisco franchise, owned by Anand Rajaraman and Venky Harinarayan, and Cricket Victoria. The inaugural season of MLC will be played between July 13 and 30 at the newly renovated facility in the Dallas suburb of Grand Prairie, Texas, with the player draft for local US players scheduled to be on March 19 at the NASA Johnson Space Center in Houston. The squad size will comprise a minimum of 15 and a maximum of 18 players, of which nine can be overseas players. At least six players in the playing XI will need to be from the USA. The overseas players will be direct signings by the franchises, not part of the draft. It is understood that teams will have a purse of USD 800,000 for overseas signings and USD 300,000 for the US-based players. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/idbi-bank-privatisation-on-track-says-dipam-secretary/articleshow/98726442.cms">IDBI Bank privatisation on track says DIPAM secretary</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/microsoft-introduces-ai-powered-copilot-for-word-outlook-and-more-heres-what-it-means/articleshow/98727634.cms">Microsoft introduces AI-powered 'Copilot' for Word, Outlook and more — here’s what it means</a>

Satya Nadella, GMR group bag rights for a team in US' T20 franchise Major League Cricket

<ul><li>At 7:49 am, the SGX Nifty was trading 0.19% higher, indicating a positive start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amid the mixed cues from the global market, the Indian stock market is likely to open on a cautious note. At 7:49 am, the SGX Nifty was trading up 0.31%, indicating a green start for Nifty50. The US stocks ended the Tuesday lower as investors awaited further stimulus. The Dow Jones Industrial Average closed 0.48% lower; whereas the S&amp;P 500 was down 16 points on Tuesday. The picture across Asia this morning is positive on the back of encouraging PMI data. These are the stocks to watch out for during the trading session on September 30: HDFC National Company Law Tribunal, Mumbai, has sanctioned the scheme of amalgamation for the merger of HDFC ERGO Health Insurance into HDFC ERGO. The shares of HDFC ended 2% higher yesterday. Future Enterprises Kishore Biyani-led Future Group company, Future Enterprises, reported a fresh default on interest payment of non-convertible debentures (NCDs) on Tuesday. In a stock-exchange filing, the company said it had defaulted on interest payment of ₹16.11 crore for a gross principal amount of ₹332 crore. This is the third default in at least one month. This may also move other Future Group stocks such as— Future Retail, Future Lifestyle Fashion, Future Consumer Limited, among others. The shares of Future Enterprises ended 5% higher yesterday. Indiabulls Housing Finance One of the leading private sector mortgage lenders, Indiabulls Housing Finance, raised another ₹630 crore by selling a part of its stake in UK-based bank Oak North to Toscafund Asset Management. The shares of Indiabulls Housing Finance ended 2.2% lower yesterday. PVR Limited The board of cinema giant PVR will meet on October 5 to consider the proposal of raising funds via non-convertible debentures. The shares of PVR Limited ended 2.2% lower yesterday. Vodafone Idea Vodafone Idea will seek shareholders’ approval to raise the borrowing limit to ₹1 lakh crore at the annual general meeting (AGM) today. The shares of Vodafone Idea ended 6% lower yesterday. Welspun Corp Welspun Corp has received multiple orders worth nearly ₹1,400 crore. Currently, the company’s total order book is valued at approximately ₹6,300 crore. The shares of Welspun Corp ended 2% higher yesterday. VA Tech Wabag VA Tech Wabag has approved the allotment of 75 lakh equity shares at ₹160 per equity share aggregating to ₹120 crore by way of the preferential issue to Rekha Rakesh Jhunjhunwala, Basera Home Finance, Sushma Anand Jain, and Anand Jaikumar Jain. The shares of VA Tech Wabag ended 0.16% higher yesterday. Mazagon Dock, UTI AMC and Likhitha Infrastructure IPO Today will be day two for Mazagon Dock, UTI AMC and Likhitha Infrastructure IPO. The bid for IPO will remain open until October 1. SEE ALSO: <a href="https://www.businessinsider.in/india/news/amnesty-international-shuts-down-its-india-operations-citing-constant-harassment-from-the-indian-government/articleshow/78380428.cms" data-type="tilCustomLink">Amnesty International shuts down its India operations citing ‘constant harassment’ from the Indian government</a> <a href="https://www.businessinsider.in/science/space/news/after-the-moon-mars-is-getting-laser-reflecting-mirror-to-help-future-landings-on-the-red-planet/articleshow/78385935.cms" data-type="tilCustomLink">After the Moon, Mars is getting laser-reflecting mirror to help future landings on the Red Planet</a>

Top stocks to watch— Future Retail, HDFC, Indiabulls Housing, Vodafone Idea, PVR, Welspun Corp and others

<ul><li>The 30-share BSE index was trading 62 points lower, and the NSE Nifty slipped 0.12% at 10:05 am.</li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices, Sensex and Nifty turned choppy on Wednesday after trading in green territory for a brief while. Financial stocks led the fall amid mixed cues from global markets as investors remained cautious after the first US presidential debate. The 30-share BSE index was trading 62 points lower, and the NSE Nifty slipped 0.12% at 10:05 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr. Reddy's Laboratories </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cipla </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Petroleum </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">United Phosphorus Ltd </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sun Pharmaceutical Industries </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divi's Laboratories </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td></tr></tbody></table>*as of September 30, 10:00 am These are the top stocks in news today. VA Tech Wabag up over 6% The shares of VA Tech Wabag gained 6% in an otherwise volatile market after its board approved allotment of 75 lakh equity shares at a price of ₹160 apiece aggregating ₹120 crore by way of the preferential issue. The list of proposed investors includes Rekha Rakesh Jhunjhunwala, Basera Home Finance, Sushma Anand Jain, and Anand Jaikumar Jain. Reliance Industries (RIL) open 1% higher The shares of Mukesh Ambani owned RIL opened 1% higher after its Retail venture, Reliance Retail <a href="https://www.businessinsider.in/business/news/reliance-retail-seals-its-third-deal-this-month-general-atlantic-to-invest-3675-crore/articleshow/78397878.cms">sealed its third deal</a> this month. The American growth equity firm, General Atlantic has invested ₹3,675 crore into Reliance Retail for a 0.84% stake in the company. Future Enterprises down 3% The shares of Future Enterprises lost nearly 3% value after the Kishore Biyani-led company reported a fresh default on interest payment of non-convertible debentures (NCDs). Future Enterprises said it had defaulted on interest payment of ₹16.11 crore for a gross principal amount of ₹332 crore. This also dragged other Future Group stock such as — Future Retail and Future Lifestyle Fashions down 3%, among others. Housing Development Finance Corp (HDFC) trades higher after amalgamation nod The shares of Housing Development Finance Corp (HDFC) was trading nearly a percent higher after National Company Law Tribunal (NCLT), Mumbai sanctioned the scheme of amalgamation for the merger of HDFC ERGO Health Insurance into HDFC ERGO. Indiabulls Housing Finance surges 4% The shares of the leading private sector mortgage lender Indiabulls Housing Finance gained 4% after it raised another ₹630 crore by selling a part of its stake in UK-based bank Oak North to Toscafund Asset Management. Punjab National Bank and Lakshmi Vilas Bank trade lower The shares of Punjab National Bank was trading 2% lower after <a href="https://www.business-standard.com/article/finance/rbi-sounds-out-pnb-on-acquisition-of-beleaguered-lakshmi-vilas-bank-120092901633_1.html">reports surfaced that RBI has asked Punjab National Bank to take over</a> Lakshmi Vilas Bank (LVB) in case the beleaguered lender’s proposed transaction with Clix Capital does not materialise. Lakshmi Vilas Bank was also trading 5% lower during the early trading hours. PVR soars 3% The shares of cinema giant PVR Limited soared 3% ahead of the board meeting on October 5 to consider the proposal of raising funds via non-convertible debentures. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-retail-seals-its-third-deal-this-month-general-atlantic-to-invest-3675-crore/articleshow/78397878.cms" data-type="tilCustomLink" style="">Reliance Retail seals its third deal this month – General Atlantic to invest ₹3,675 crore</a> <a href="https://www.businessinsider.in/science/space/news/after-the-moon-mars-is-getting-laser-reflecting-mirror-to-help-future-landings-on-the-red-planet/articleshow/78385935.cms" data-type="tilCustomLink">After the Moon, Mars is getting laser-reflecting mirror to help future landings on the Red Planet</a>

Top stock movers — RIL, Future Group companies, VA Tech Wabag, PNB, HDFC, and more

The Sharman Joshi-starrer upcoming film <keyword id="37315" type="ENTERTAINMENT" weightage="20" keywordseo="fauji">Fauji</keyword> Calling has been declared <keyword id="417528" type="UNKNOWN" weightage="20" keywordseo="tax-free">tax free</keyword> by Chief Minister <keyword id="260213" type="PERSON" weightage="20" keywordseo="Arvind-Kejriwal">Arvind Kejriwal</keyword> in Delhi. The film chronicles the life of a soldier and what his family goes through when he is away in the battlefield. Along with Sharman, the film also features Bidita Bag, Mughda Godse, Mahi Soni, <keyword id="35939" type="PERSON" weightage="20" keywordseo="Zarina-Wahab">Zarina Wahab</keyword>, Shishir Sharma and <keyword id="3061668" type="PERSON" weightage="20" keywordseo="Ranjha-Vikram-Singh">Ranjha Vikram Singh</keyword>. Thanking the government of Delhi, director Aaryan Saxena said: "I thank Chief Minister of Delhi, Shri Arvind Kejriwal ji, and Deputy Chief Minister Shri Manish Sisodia Ji from the bottom of my heart. This is just the beginning and we are looking at a couple of other states to declare the movie tax-free as well. It's an unseen side of 'fauji' families and relates to the emotions of all age groups." Fauji Calling is written and directed by <keyword id="2402946" type="PERSON" weightage="20" keywordseo="Aaryaan-Saxena">Aaryaan Saxena</keyword> and produced by Naida Shaikh, Ovez Shaikh, Vikram Kumar, Anil Jain, and Vijeeta Verma, and co-produced by Vishnu S Upadhyay. Expressing their gratitude, the producers said in a joint statement: "It's been such an honour to work on this film. The film has become tax-free in <keyword id="6358777" type="LOCATION" weightage="20" keywordseo="New-Delhi">New Delhi</keyword> and I want to thank CM Arvind Kejriwal and Deputy CM Manish Sisodia for this noble deed. This is a movie that is an ode to our soldiers and their families. And now that the movie has gone tax-free in New Delhi, I couldn't have asked for anything else. It's a work of our blood and sweat. We have literally given it everything. I am also grateful to my team for standing together through all the difficult and uncertain times. Over to the audience now." SEE ALSO: <a href="https://www.businessinsider.in/thelife/personalities/news/gautam-adani-naveen-jindal-anand-mahindra-and-kumar-mangalam-birla-increased-their-net-worth-in-2020/slidelist/81290572.cms">Gautam Adani, Naveen Jindal, Anand Mahindra and Kumar Mangalam Birla increased their net worth despite COVID-19 wreaking havoc</a> <a href="https://www.businessinsider.in/business/telecom/news/the-indian-government-reaped-a-record-77000-crore-on-the-first-day-of-2021-telecom-spectrum-auctions/articleshow/81290489.cms">India reaps a bounty on the first day of spectrum auctions – but it's a lot less than what the government wanted</a> <a href="https://www.businessinsider.in/india/news/these-are-the-best-national-highways-in-india-in-terms-of-efficiency-safety-and-user-services/slidelist/81291257.cms">These are the best national highways in India in terms of efficiency, safety and user services</a>

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