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New Delhi, Nov 20 () The National Company Law Appellate Tribunal(NCLAT) has allowed Reliance Industries to delist textile manufacturer Alok Industries, which it has acquired through insolvency process.
A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has modified the order passed by the National Company Law Tribunal (NCLT), Ahemdabad, which denied such permission.
While approving Rs 5,052-crore bid of RIL for Alok Industries on March 8, 2019, the NCLT did not give its approval to RIL's plea for granting exemptions for delisting of Alok Industries' shares from the bourses. Later, RIL again sought permission, but was denied on July 26, 2019.
"The Appellant (RIL) is directed to comply with the plan forthwith," said the NCLAT.
The appellate tribunal observed that Securities and Exchange Board of India (Sebi) in its affidavit had also said that there is no requirement for permission of the market regulator for such delisting.
"In view of the specific plea taken by the 'SEBI' - 3rd Respondent, no further clarification is required. The 'Resolution Applicant' will act in accordance with the stand taken by the 'SEBI' and in accordance with law, if not yet taken.
"The order dated July 26, 2019 passed by the Adjudicating Authority (Ahmedabad Bench) stands clarified/modified to the extent above," the appellate tribunal said.
The NCLAT order came over a petition filed by RIL, challenging the NCLT order.
The NCLT in its order dated July 26, 2019 said: "that approval of this bench (NCLT) in respect of Face Value Reduction and the Promoter Capital Reduction is/are dispensed with, however the applicant shall approach to the Competent Authority(s) viz MCA and SEBI and any other competent authorities, as the case may be for necessary compliances".
As RIL relied on the Sebi amendment notification with regard to delisting of shares, the NCLAT had earlier on September 11 impleaded Sebi and on October 15 granted the regulator seven days to file a reply affidavit to make its stand clear about the amendment related to delisting of shares.
Last year, Sebi relaxed requirements to comply with delisting norms for companies facing insolvency proceedings provided the resolution plan lays down the procedure for delisting that particular entity from the exchanges.
In a notification, the markets regulator had said norms pertaining to delisting of equity shares would not be applicable to any entity that is getting delisted pursuant to a resolution plan approved under the IBC.
The notification was issued on June 1.
Alok Industries, a Mumbai-based textile company, was in the first list of 12 companies issued by the Reserve Bank of India in 2017 for initiation of insolvency process. KRH BAL

NCLAT approves delisting of Alok Industries

<ul><li>Shares of textile companies gained as investors cheered the government’s approval for the <keyword id="8940266" type="General" weightage="20" keywordseo="production-linked-incentive-scheme" source="Orion">production linked incentive scheme</keyword> (<keyword id="53367" type="General" weightage="20" keywordseo="pli" source="Orion">PLI</keyword>) for textile.</li><li>The scheme is reportedly expected to provide employment to 7.5 lakh people.</li><li>Analysts believe some quality textile stocks will continue to rise for a few more trading sessions.</li></ul>A few textile company stocks gained on Wednesday as investors cheered the government’s approval for the production linked incentive scheme (PLI) for the textile industry in India. Under the scheme, incentives worth ₹10,683 crore will be provided over five years to the sector. The move is positive for the sector and the economy as it will help bolster domestic manufacturing, boost employment and scape up exports. The scheme is reportedly expected to provide employment to <a href="https://www.ndtv.com/business/incentives-worth-over-rs-10-000-crore-approved-for-textiles-sector-payout-to-be-spread-over-5-years-2533900">7.5 lakh people</a>. PLI scheme typically provides incentives to companies for enhancing their domestic manufacturing apart from focusing on reducing import bills and improving the cost competitiveness of local goods. The news led to a rise in shares of the textile companies like <keyword id="70578" type="General" weightage="20" keywordseo="alok-industries" source="Orion">Alok Industries</keyword>, <keyword id="6362630" type="General" weightage="20" keywordseo="arvind" source="Orion">Arvind</keyword>, <keyword id="3438494" type="General" weightage="20" keywordseo="deepak-spinners" source="Orion">Deepak Spinners</keyword> and others. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Textile companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Share gain </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Alok Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6.87% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Arvind </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.26% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Deepak Spinners </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Trident </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4.87% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Nitin Spinners </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4.27% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Siyaram Silk Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.46% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Grasim Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">1.64% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Gokaldas Exports </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">1.58% </td></tr></tbody></table> Analysts believe some quality textile stocks will continue to rise for a few more trading sessions. Saurabh Jain of SMC Global Securities <a href="https://www.livemint.com/market/stock-market-news/textile-stocks-experts-recommend-these-shares-after-pli-scheme-approval-11631092694705.html">reportedly </a>said, “As the cabinet approval for PLI scheme to the <keyword id="45095" type="General" weightage="20" keywordseo="textile-sector" source="Orion">textile sector</keyword> has been announced, some quality textile stocks are expected to extend this rally in upcoming trade sessions as well.” The Indian textiles and apparel industry is one of the largest in the world and is also a key contributor to India’s export, as it contributes 12% to export earnings and 2% to the GDP, according to Indian Brand Equity Foundation, a government’s export promotion agency. Meanwhile, some of the textile company stocks have been rising in the last five trading sessions in anticipation of the PLI scheme and hence did not react today. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Textiles companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in 5 days </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">KPR Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10.52% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Welspun India </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6.57% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Vardhman Textiles </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6.98% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Indo Count Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">13.42% </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sbi-life-icici-prudential-life-among-analysts-top-picks/articleshow/86035243.cms">More consolidation may happen in insurance sector going ahead; SBI Life, ICICI Prudential Life among analysts top picks</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/stock-market-experts-like-raamdeo-agrawal-of-motilal-oswal-group-and-biju-samuel-of-elara-capital-say-that-the-benchmark-index-will-continue-to-rise/slidelist/86030450.cms">Some of India’s biggest investors are nervous but not everyone wants to leave the party</a>

Alok Industries, Arvind, Deepak Spinners, Trident gain on PLI for textiles sector, analysts expect the rally to continue

New Delhi, Feb 29 () Following are the top business stories at 1910 hours: DEL7 BIZ-BHARTI AIRTELAGR dues: Bharti Airtel pays additional Rs 8,004 cr, claims compliance with SC judgementNew Delhi: Telecom operator Bharti Airtel on Saturday said that it has made additional payment of Rs 8,004 crore towards adjusted gross revenue dues to the Department of Telecom (DoT).DCM7 BIZ-RECEIPTSGovt's total receipts at Rs 12.82 lakh cr in April-JanNew Delhi: The Government's total receipts during April-January period of current fiscal stood at Rs 12.82 lakh crore, while total expenditure for the said period was Rs 22.68 lakh crore. DCM1 BIZ-SBI CARDSSBI Cards mops up Rs 2,769 cr from anchor investorsNew Delhi: SBI Cards and Payment Services has raised Rs 2,769 crore from 74 anchor investors, ahead of its initial share sale starting on March 2. DCM10 BIZ-PORTS-VPCreation of world-class infra at ports important for India to become USD 5 tn economy: Venkaiah NaiduNew Delhi: Creation of world-class infrastructure at ports is important for India to become a USD 5 trillion economy, Vice President M Venkaiah Naidu said on Saturday. DCM5 BIZ-RELIANCE-ALOK INDUSTRIESReliance picks up 37.7 pc stake in Alok IndustriesNew Delhi: Reliance Industries on Saturday said it has acquired 37.7 per cent stake in textile manufacturer Alok Industries Ltd for Rs 250 crore. DCM8 BIZ-ALLAHABAD BANK-LOANAllahabad Bank lowers external benchmark-linked loan pricingNew Delhi: State-owned Allahabad Bank on Saturday announced a cut of up to 40 basis points in interest rate on external benchmark-linked products. DCM6 BIZ-MERILLIFE-STENTSNPPA exempts Meril's stent from price control for 5 yearsNew Delhi: The national pharmaceutical regulator NPPA has exempted a new coronary stent developed by Meril Life Sciences from price control for five years under a provision of the Drug Price Control Order 2013. ABMABM

Business highlights

<keyword id="10591" type="General" weightage="20" keywordseo="samsung" source="Orion">Samsung</keyword> on Wednesday announced that it has consolidated its tablet leadership in India, with 220 per cent year-on-year growth in the June quarter. Samsung ended the June quarter with 45 percent volume market share, helping the company consolidate its <keyword id="6361927" type="General" weightage="20" keywordseo="tablets" source="Orion">tablets</keyword> leadership for the second successive quarter, according to the latest data released by <keyword id="6377157" type="General" weightage="20" keywordseo="IDC" source="Orion">IDC</keyword> Worldwide Quarterly Personal <keyword id="12053786" type="General" weightage="20" keywordseo="Computing-Devices-Tracker" source="Orion">Computing Devices Tracker</keyword>. "Samsung's relentless focus on consumer innovations means it is the only full-range player in the tablets business in India, with products across price spectrum. Samsung's tablets have done extremely well across mass (less than Rs 20,000), mid (Rs 20K-40K) as well as premium (Rs 40K) segments," the south Korean tech giant said in a statement. In the mass segment ($250), Samsung had 49 per cent volume market share in the June quarter, according to IDC Worldwide Quarterly Personal Computing Devices Tracker. Samsung recently launched Galaxy Tab A7 Lite, one of the most affordable tablets in India. Galaxy Tab A7 Lite is crafted to inch-perfection for those who are always on the move. In the mid-segment ($250-$550), Samsung was a clear number one in the June quarter on account of the success of Galaxy Tab A7. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/textile-company-stocks-rise-as-cabinet-approves-pli-for-textile-sector/articleshow/86036941.cms">Alok Industries, Arvind, Deepak Spinners, Trident gain on PLI for textiles sector, analysts expect the rally to continue</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/covid-19-vaccines-and-medicines-delivery-from-drone-in-telangana/articleshow/86037081.cms">Telangana to be the first Indian state to begin drone delivery trials for Covid-19 vaccines, medicines starting tomorrow</a>

Budget tablets help Samsung consolidate its lead in the Indian tablet market

<ul><li><keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword>’s growth in subscribers has slowed down this quarter.</li><li>It only added 29 million users in Q2 FY20 in comparison to adding 37 million during the same quarter last year.</li><li>Jio’s ARPU also hit ₹120, dropping for the seventh consecutive quarter. </li></ul>Reliance Industries released its earnings for the current quarter and its digital business, Reliance Jio, seems to be slowing down. Jio’s subscriber base only added 29 million in Q2 FY20. In comparison, Jio added 37 subscribers in the same quarter last year. However, the company is making more money out of its subscribers — the margin for Jio improved by as much as 170 basis points to over 11%. This would be heartening for the investors in RIL. And, even though growth is slowing down, the number subscribers has still grown 7.2% over the last quarter. A report published earlier today by the Telecom Regulatory Authority of India (TRAI) found that Jio was the only telecom operator to add subscribers during the month of August. "It's also a matter of great pride for us to share the fact that Jio is now the second largest single county operator in the world with a subscriber base of 355 billion," said Reliance Industries CFO, Alok Agarwal, during the earnings call. So even though subscriber growth is slowing down for the company, it’s still faring better than Bharti Airtel and Vodafone Idea. 
 
 
 
 
 
 
 
 
 
 
 
 
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 And, Jio’s average revenue per user continues to decline for the seventh consecutive quarter hitting ₹120. Usage continues to growth with the company recording 12 billion GB in data traffic and 813 billion minutes of voice traffic. "Both continue to grow quarter after quarter showing stronger levels of customer engagement on our network," stated Agarwal. 
 
 
 
 
 
 
 
 
 
 
 
 
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 The company reported a net profit grew at a yearly rate of 45.4% hitting ₹990 crore during the quarter. It's operating revenue also grew by 33.7% year-on-year to reach ₹12,354 crore. 
 
 
 
 
 
 
 
 
 
 
 
 
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 See also: <a href="https://www.businessinsider.in/business/corporates/news/top-highlights-from-mukesh-ambani-owned-reliance-industries-rils-quarterly-earnings/articleshow/71651084.cms">Reliance Industries posts a record profit even as refining and telecom verticals soften</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-owned-reliance-industries-forms-pact-with-bp-to-sell-aviation-fuel-in-india/articleshow/71651988.cms">Reliance Industries makes a new pact with BP to sell jet fuel in India</a> <a href="https://www.businessinsider.in/business/news/reliance-industries-retail-q2-earnings-report/articleshow/71651677.cms">Reliance Retail surprises with a sharp growth of 27% despite slowdown</a>

Reliance Jio added fewer subscribers in Q2 but made more money out of them 

<ul><li>Mukesh Ambani-owned Reliance Industries declared its second-quarter earnings today.</li><li>Profit jumped 9.5% to ₹9,702 crore compared to year earlier even as management acknowledged a slowdown in consumption.</li><li>The share price of RIL had jumped over 12% in the last one month compared to the 4% rally in the benchmark index, Sensex.</li></ul>Mukesh Ambani-owned Reliance Industries declared its second-quarter earnings today. The net profit for the period between July and September 2019 jumped 9.5% to ₹9,702 crore-- the highest ever in the company's history. 
 
 
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 This performance came despite some softness in the refining business. Gross refining margin for the period came in at $9.4 a barrel, which will be a disappointment for the markets, according to analyst SP Tulsian who spoke to a television channel. 
 
 
 
 
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 The share price of Reliance Industries had already run up over 12% in the last one month and investors have priced a strong show from the company that was once an energy giant, and is now fast changing into a consumer business with its thrust on Reliance Retail and on telecom via Reliance Jio. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 Reliance Retail's strong 27% growth in quarterly revenue would come as a surprise even for the company that did acknowledge a slowdown in consumption. Subscriber addition by Reliance Jio slowed, so did the average revenue per user, but the company managed to cut costs and make more margin out of its telecom business. These are some of the top highlights from <keyword id="907891" type="PERSON" weightage="20" keywordseo="Reliance-Industries-earnings">Reliance Industries earnings</keyword>: 1. Revenue decreased by 8.4% to ` 94,446 crore ($ 13.3 billion) 2. Exports decreased by 12.1% to ` 53,161 crore ($ 7.5 billion) 3. Gross Refining Margin (GRM) of $ 9.4/bbl for the quarter 4. Refining Throughput of 16.7 MMT during the quarter 5. Petchemicals Production of 9.9 MMT during the quarter. 6. Reliance Jio'subscriber addition has been less than estimates but margin has improved sharply. 7. Jio reported a 45.40% rise in profit at ₹990 crore compared to the same time last year 8. The average revenue per Jio user was ₹120. 9. Outstanding debt at September end was ₹2.91 lakh crore ($41.2 billion). 10. Petrochemicals revenue fell 11.9% compared to the same period last year. "We continue to build our consumer businesses. The strategic partnership with Aramco highlights its value to all stakeholders. The petrochemicals will benefit from both rising demand in India and our feedstock," Chief Financial Officer Alok Agarwal said in his post-earnings webcast. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-industries-retail-q2-earnings-report/articleshow/71651677.cms" data-type="tilCustomLink" target="_blank">Reliance Retail surprises with a sharp growth of 27.3% despite slowdown</a> <a href="https://www.businessinsider.in/business/news/reliance-industries-retail-q2-earnings-report/articleshow/71651677.cms" data-type="tilCustomLink" target="_blank">Reliance Retail surprises with a sharp growth of 27.3% despite slowdown</a> <a href="https://www.businessinsider.in/business/corporates/news/reliance-jio-plans-made-more-money-but-added-fewer-subscribers/articleshow/71651933.cms" data-type="tilCustomLink" target="_blank">Reliance Jio added fewer subscribers in Q2 but made more money out of them</a>

Reliance Industries posts record profit-- retail shines despite a slowdown

<ul><li>India’s ministry of commerce and industry has launched an online export awareness course to support future exporters. </li><li>The government also reportedly launched an app dedicated to update exporters on trade practices and share their grievances. </li><li>The online course is launched in collaboration with Indian Institute of Foreign Trade (IIFT).</li></ul>In a bid to boost international trade opportunities for potential exporters in India, the Ministry of Commerce and Industry has <a href="https://www.financialexpress.com/industry/sme/government-launches-online-course-app-to-support-potential-exporters/1490218/lite/">launched</a> an export awareness course. Once the course is complete, candidates will be awarded certificates in export-import management by the government under the ‘Niryat Bandhu Scheme’. The program titled, 'Anytime-Anywhere,’ is a reportedly a joint effort between the government and Indian Institute of Foreign Trade (IIFT). Commerce and industry minister, Suresh Prabhu reportedly said that the course is aimed at training, mentoring and supporting prospective exporters and traders in India. Stressing the need for spreading awareness on trade, commerce secretary Anup Wadhawan reportedly said the government has been able to stem decline in exports hurting the Indian market by facilitating trade combined with the growing technology and implementation of goods and services tax (GST). India’s Directorate General of Foreign Trade (DGFT), responsible for fostering the exports sector, is also trying to make the export sector more digital-savvy. According to Director General, Alok Chaturvedi, the DGFT has <a href="https://knnindia.co.in/news/newsdetails/sectors/prabhu-launches-anytime-anywhere-export-awareness-course-to-hand-hold-exporters">reportedly</a> approved to rebuild its entire IT infrastructure to go paperless and attain end-to-end IT enablement. It has also launched a DGFT's mobile app dedicated to trade practices, for a smooth sailing of the process. The app is designed as a communication platform that will let exporters apply for licences and stay updated on latest trade notices including <keyword id="35067" type="ORGANIZATION" weightage="20" keywordseo="foreign-trade-policy">Foreign Trade Policy</keyword> and international trade affairs. According to<a href="http://pib.nic.in/newsite/PrintRelease.aspx?relid=188641"> media reports</a>, <keyword id="147907" type="PERSON" weightage="20" keywordseo="Indias-exports">India's exports</keyword> faced a major slowdown in trade in the recent years. However, in the last three years, the country witnessed a slight increase in exports reaching $26.36 billion in January compared to $25.4 billion last year during the same time. See also: <a href="https://www.businessinsider.in/indian-government-maintains-ban-on-foreign-investments-in-multi-brand-retail/articleshow/67375565.cms">Indian government maintains ban on foreign investments in multi-brand retail</a> <a href="https://www.businessinsider.in/the-indian-government-may-roll-back-tax-on-angel-investments-that-is-said-to-be-hurting-the-countrys-startup-ecosystem/articleshow/67177981.cms">The Indian government may roll back a tax on angel investments that is said to be hurting the country’s startup ecosystem</a> <a href="https://www.businessinsider.in/india-to-make-a-renewed-push-for-an-important-regional-trade-treaty-that-will-create-the-worlds-largest-trading-bloc/articleshow/66602874.cms">India to make a renewed push for an important regional trade treaty that will create the world’s largest trading blo</a>

Fancy a career in exports? Indian government is offering an export awareness course

<ul><li>Shares of multiplex chains <keyword id="105311" type="General" weightage="20" keywordseo="inox-leisure" source="Orion">Inox Leisure</keyword>, <keyword id="799" type="General" weightage="20" keywordseo="pvr" source="Orion">PVR</keyword> rallied on Monday as Maharashtra reopens theatres from October 22.</li><li>With this, movies like Sooryavanshi, <keyword id="8378806" type="General" weightage="20" keywordseo="bunty-aur-babli-2" source="Orion">Bunty Aur Babli 2</keyword>, Shahid Kapoor-starrer Jersey, <keyword id="6355923" type="General" weightage="20" keywordseo="aamir-khan" source="Orion">Aamir Khan</keyword>’s Laal Singh Chaddha can be viewed in theatres.</li><li>Maharashtra is one of the biggest markets for the theatre industry as it contributes 25-30% to a Hindi film's box office collections.</li></ul>Movie buffs in Maharashtra will be able to watch their favourite stars’ new releases in theatres from October 22. On Saturday, the state’s Chief Minister Uddhav Thackeray announced the reopening of theatres in the state bringing a relief to the theatre industry. Theatres and auditoriums will be reopened in Maharashtra from October 22, Thackeray tweeted on September 25. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div> This is positive news for multiplex companies as the state <a href="https://www.moneycontrol.com/news/trends/entertainment/relief-for-multiplex-players-pvr-inox-as-maharashtra-allows-theatres-to-reopen-7507301.html">reportedly</a> contributes 25-30% to a Hindi film's box office collections, making it key to big Bollywood releases. In fact, shares of PVR, Inox Leisure rallied on stock exchanges on Monday as investors showed their excitement of theatres reopening. On Monday, shares of multiplex companies PVR and Inox Leisure surged to reach their 52-week high of ₹1,662.20 and ₹412.20 respectively. <div type="image" title="PVR" height="900" width="1200" msid="86549218" hostid="261"></div> The announcement came after Thackeray’s discussion with filmmakers Rohit Shetty and Kunal Kapoor, theatre personality Makarand Deshpande, Marathi actors Subodh Bhave, Aadesh Bandekar and other party members. “Opening of Maharashtra is specifically significant because 18% of our screen strength lies in the state, the highest in our circuit and serves as a focal centre for the entertainment industry," said Gautam Dutta, chief executive officer (CEO), PVR to <a href="https://www.moneycontrol.com/news/trends/entertainment/relief-for-multiplex-players-pvr-inox-as-maharashtra-allows-theatres-to-reopen-7507301.html">Moneycontrol</a>. Alok Tandon, CEO, INOX Leisure <a href="https://www.moneycontrol.com/news/trends/entertainment/relief-for-multiplex-players-pvr-inox-as-maharashtra-allows-theatres-to-reopen-7507301.html">reportedly</a> said that with this announcement, content producers would also plan their releases, which should strengthen the Hindi film content pipeline in the months to come and usher in better health for the cinema exhibition industry. <div type="image" title="inox leisure" height="900" width="1200" msid="86549238" hostid="261"></div> The green signal to screen movies in theatres in Maharashtra led to many announcements from movie makers. <a href="https://www.hindustantimes.com/entertainment/bollywood/sooryavanshi-laal-singh-chaddha-and-heropanti-2-here-are-the-bollywood-films-that-have-announce-new-release-dates-101632670713127.html">Reportedly</a>, <keyword id="12183083" type="General" weightage="20" keywordseo="rohit-shettys-sooryavanshi" source="Orion">Rohit Shetty’s Sooryavanshi</keyword> has been announced to release on Diwali, in November. The film will be followed by the release of Bunty Aur Babli 2 on November 19, starring Saif Ali Khan, Rani Mukerji, Siddhant Chaturvedi and Sharvari Wagh. The much awaited Ranveer Singh’s sports drama movie ‘83’ will be screened on Christmas this year in theatres. Another sports movie ‘Jersey’ starring Shahid Kapoor will release on December 31, 2021. Meanwhile, Suniel Shetty’s son Ahan Shetty's debut film Tadap is slated to release on December 3. 2022 line-up <ul><li><keyword id="2823" type="General" weightage="20" keywordseo="akshay-kumar" source="Orion">Akshay Kumar</keyword>'s Prithviraj on January 21</li><li>Aamir Khan’s Laal Singh Chaddha on Valentine's Day</li><li>Ranveer Singh's Jayeshbhai Jordaar on February 25.</li><li>Akshay’s Bachchan Pandey on March 4</li><li>Ranbir Kapoor’s Shershaah on March 18</li><li>Kartik Aaryan’s Bhool Bhulaiyaa 2 on March 25</li><li>KGF 2 set for April 14</li><li>Ajay Devgn's Mayday on April 29</li><li>Tiger Shroff's Heropanti 2 on May 6</li></ul>Several big budget films such as Gangubai Kathiawadi, Brahmāstra, and Pathan are yet to reveal their release dates. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/reliance-industries-shares-hit-record-high-trading-at-over-2500/articleshow/86547883.cms">Reliance Industries’ shares hit record high, trading at over ₹2500 in early morning trade</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/zee-entertainment-shares-fall-in-todays-trade-as-invesco-insists-the-board-to-hold-egm-before-sony-deal/articleshow/86546922.cms">Zee Entertainment shares fall 3% in today’s trade as Invesco insists the board to hold EGM before Sony deal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/tata-motors-coal-india-ntpc-and-other-underperforming-stocks-in-last-10-years/slidelist/86535881.cms">Those who have held these stocks for a decade have only lost money</a>

These upcoming movies from Akshay Kumar, Aamir Khan and Ajay Devgn will get a boost as PVR, INOX and other screens in Maharashtra open next month

New Delhi [India], July 11 (ANI): <keyword id="21467964" type="General" weightage="20" keywordseo="Indegene" source="keywords" meta.keywordsubtype="org" meta.entityname="Indegene" meta.hostid="266" meta.entityid="Indegene">Indegene</keyword> partnered with <keyword id="19895622" type="General" weightage="20" keywordseo="Microsoft" source="keywords" meta.keywordsubtype="org" meta.entityname="Microsoft" meta.hostid="266" meta.entityid="Microsoft">Microsoft</keyword> on Thursday to leverage <keyword id="19896272" type="General" weightage="100" keywordseo="Generative-AI" source="keywords">generative AI</keyword> for the <keyword id="21988347" type="General" weightage="20" keywordseo="medical-industry" source="keywords">medical industry</keyword>, the company informed the exchange in a filing. The partnership aims to help empower global <keyword id="19992819" type="General" weightage="20" keywordseo="life-sciences" source="keywords">life sciences</keyword> companies to scale up the adoption of enterprise-grade Generative <keyword id="6355999" type="General" weightage="20" keywordseo="AI" source="Orion">AI</keyword> (GenAI) services, driving faster innovation. Indegene provides digitally enabled commercialization services for the life sciences sector, emerging biotech, and medical device firms. "GenAI presents a once-in-a-decade opportunity for life sciences companies to modernize business processes and reimagine the effectiveness and efficiency of their operations throughout the value chain. Using GenAI, we're closely working with many of our clients to solve specific business problems, with nearly 50 real-world use cases already in an advanced pilot stage", said Tarun Mathur, CTO, of Indegene. Both companies have committed to developing resources in highly specialized medical and technology tools to co-innovate generative <keyword id="20411515" type="General" weightage="20" keywordseo="AI-services" source="keywords">AI services</keyword> and workflows across commercial, medical, regulatory, and clinical functions. "With a focus on the right use cases, a responsible and compliant approach to scaling up, and shared learnings, we put generative AI to work for our clients", added Tarun. Under the agreement, one of the key initiatives is the Content Super App, which uses Azure OpenAI Service. This modular content value chain simplifies content creation and tagging for life sciences companies, offering a comprehensive view of the content process. It enhances content creation speed, personalizes content, and introduces new conversation formats. Additionally, it streamlines creative and video transformation, effectively engaging healthcare professionals, patients, and payers. Generative AI capabilities are also revolutionizing the medical content value chain. Indegene's solutions accelerate the authoring of key documents like Clinical Study Reports (CSRs) and Protocols by sourcing content from relevant literature. This ensures compliance across clinical and regulatory domains. "Generative AI is profoundly shaping every industry, including life sciences, by offering unprecedented avenues for <keyword id="21146848" type="General" weightage="20" keywordseo="healthcare-technology" source="keywords">healthcare technology</keyword> advancements. According to a Microsoft-commissioned study conducted by IDCi, a staggering 79 per cent of healthcare organizations have now embraced AI. This demonstrates that the tangible business value of this transformation is indisputable" said Alok Lall, Chief Operating Officer, Microsoft India &amp; South Asia. In terms of data management and analytics for clinical trials, Indegene's solutions, using Microsoft Fabric, enhance data ingestion and refinement processes. It also facilitates effortless reporting and ensures governance. The company added that the agreement results in proficient analytics, compliance adherence, and agility in business operations, providing a competitive advantage in the marketplace.

Indegene ties up with Microsoft to leverage generative AI for the Medical Industry, drive faster innovation

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>If you don't want the NSA to know anything about you, that's tough.
If you don't want Google to know anything about you, that's also tough.
The makers of the Epic Privacy Browser, a browser that protects your identity by sharing almost nothing about you with the Internet, thought they had figured out how serve up privacy while also making money on their app by selling ads.
And it was going great until Google made some technical changes to how it collects information about people and basically killed their business model.
<h2>Your Info Is Worth Money</h2>
The crux of the situation is this: Google, Yahoo, Microsoft, Facebook and many others make money by selling <keyword id="35666" type="COMPANY" weightage="60" keywordseo="advertising">advertising</keyword>. The more they know about you, the more they can match you to an advertiser who thinks you are an ideal customer. Advertisers are naturally willing to pay more for ads that are served to ideal potential customers. For instance, financial services companies want to target affluent people. Children's clothing makers want to target parents.
Google uses a lot of sophisticated methods to learn about you. There's the stuff you tell Google outright when you sign up for its services like Gmail and Google Maps, or via an Android phone, like your name, phone number, location, and so on.
But even if you don't sign up for Google's services, the search giant can deduce a lot about you by watching the websites you've visited (like your gender and your age bracket) and knowing your location.
Some information about you, including the city where you're located and which device you're using, can be revealed through your IP address. An IP address is how the Internet knows where to deliver the web page you requested. It's a necessary part of using the Internet just like a street addresses is a necessary part of delivering mail.
It is possible to hide everything, even your IP address, from Google. You can use a privacy browser like Epic or Tor that won't let Google or others track you. The problem is, there's no great business model for those providing the privacy service. There's not a lot of money to be made on customers who want to hide from advertisers. Tor, for instance, <a href="https://www.torproject.org/donate/donate.html.en">gives its browser away for free and asks people to make a donation.</a>
<h2>For A While, Everyone Was Happy</h2>
<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image on-image"><a title_source="Business Insider/Google" title_caption="This is what an IP address looks like" class="zoomin" href="https://static-ssl.businessinsider.com/image/5463a734eab8ea4a66a12570-960/ip-address.png"></a>Business Insider/GoogleThis is what an IP address looks like</div></div></div>Epic thought it had a workaround for a business model that made everybody happy.
Epic worked with a company called Blucora, a Google partner that sells search service to other businesses, known as a "white label" search. This is a way for businesses to integrate Google's services into their own websites and apps. People don't know they are using Google, or Yahoo, or Bing, they just get the search results.
Working with Blucora, Epic arranged to serve Google's ads to its browser users by revealing a tiny part of their IP address - a general location. Blucora "masked" the portion of the IP address that indicated an exact Internet Service Provider or a precise device. Epic earned a portion of the income of for the ads it served.
"An advertiser will pay a certain amount for click from Washington D.C. and a very different amount for a click from Turkey or Bangalore," Epic founder Alok Bhardwaj told us. "To get these search ads, we needed to send Google our users' IP addresses. They needed to know what your location is."
There were other requirements involved. Google doesn't allow its name to be used by white label search customers. It doesn't want these business to say that search results came from Google, or to somehow indicate that Google endorses them.
Epic had to agree not to use Google's name on its website in any way. It wasn't even allowed to use the word "Google" in a headline from a news story that it linked to from its website. 
In any case, the agreement went forward and Epic was making money until earlier this year. Then Google made some technical changes to its AdSense for Search service.
<h2>Google Changes Its Technology</h2>
<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image on-image"><a title_source="Google/Business Insider" title_caption="This is what Google thinks it knows about you." class="zoomin" href="https://static-ssl.businessinsider.com/image/5463ae3569beddec3ea12576-960/google-tracking2.png"></a>Google/Business InsiderThis is what Google thinks it knows about you.</div></div></div>The changes to AdSense for Search included a lot of things, a spokesperson told us. But one change impacted Epic.
Google started requiring all of its white label search partners send Google the full IP address of their customers. Period.
This rule was because Google added new technology to detect fraud, the spokesperson said. A masked IP address, where the IP address is hidden, often indicates a fraudster, she said. Click fraud, where hackers user robots to click on ads hosted on their web pages, <a href="http://www.mediapost.com/publications/article/218549/click-fraud-costs-marketers-11b-iab-issues-key-r.html">cost marketers $11.6 billion in 2013,</a> the advertising industry says.
So Google now scouts for masked IP addresses and will not serve ads unless it is given the full IP address.
Epic asked if Google would make an exception for the Epic privacy browser.
Google refused. And Epic has refused to give Google its users' IP addresses, having promised its users that it won't. So Google will no longer share ads with Epic.
Because all of the big Internet search companies make money by serving similar targeted ads, Bhardwaj can't find another search ad partner to take Google's place.
Unless he figures something else out to support his browser, he's hosed.
In the meantime, he wants people to understand how difficult it is to maintain privacy on the web.
"Google, Microsoft, and Yahoo, everyone says one thing about privacy and does something else. They want to track people," he says.
<h2>Privacy Options</h2>
When we asked Google how someone might use Google's services while maintaining privacy, Google sent us to its<a href="http://www.google.com/settings/ads"> Ads Settings page</a>, where people can opt out of interest-based ads.
This won't stop the whole Internet from tacking you, as a privacy browser tries to do, but it will limit the info that Google gives to marketeers.
Bhardwaj has filed an official complaint with the Federal Trade Commission, asking for regulatory oversight over how Google treats ads served through competing browsers.
In the meantime, the Epic browser is still currently available for you to download. As are a few others, like <a href="https://www.torproject.org/">Tor</a>. 
We reached out to Blucora to ask about the situation and a spokesperson declined, telling us, "Given our longstanding relationship with Google we allow them to comment directly about their services."

How Google Inadvertently Crushed A Privacy Startup

<ul class="summary-list"><li><keyword id="906199" type="PERSON" weightage="60" keywordseo="Harry-Styles">Harry Styles</keyword> has become the first non-female cover star in <keyword id="20864" type="COMPANY" weightage="60" keywordseo="vogue">Vogue</keyword>'s 128-year history.</li><li>For his cover shoot, photographed by Tyler Mitchell, Styles wears a variety of dresses and stereotypically feminine clothing.</li><li>While many praised Styles for "openly flouting gendered <keyword id="6" type="ENTERTAINMENT" weightage="60" keywordseo="fashion">fashion</keyword> norms," Vogue also received backlash for centering a white, cisgender man in a movement largely founded by <keyword id="6358953" type="UNKNOWN" weightage="60" keywordseo="Transgender">transgender</keyword> people of color — especially when those very people are more often shunned than celebrated.</li><li>"Do I think this is a sign of progress of society's evolution away from binary <keyword id="6358360" type="UNKNOWN" weightage="60" keywordseo="gender">gender</keyword>? Yes. Do I think that white men should be upheld as the face of gender neutral fashion? No," wrote Alok Vaid-Menon, a gender non-conforming writer and performance artist.</li><li>"Make no mistake: trans femmes of color started this and continue to face the backlash from it. Our aesthetics make it to the mainstream, but not our bodies."</li></ul><a href="https://www.insider.com/category/harry-styles">Harry Styles</a> is <a href="https://www.vogue.com/article/harry-styles-cover-december-2020">Vogue's December cover star</a>, a selection that's been <a href="https://www.insider.com/harry-styles-vogue-cover-dress-skirt-fashion-fans-react-2020-11">praised by fans and fashion enthusiasts</a> alike — but many members of the <keyword id="729067" type="ORGANIZATION" weightage="60" keywordseo="LGBTQ">LGBTQ</keyword> community are less impressed.The <a href="https://www.insider.com/harry-styles-golden-music-video-best-tweets-memes-reactions-2020-10">"Golden" singer</a> is the first non-female solo cover star in the magazine's 128-year history. For his cover shoot, photographed by <a href="https://www.instagram.com/tylersphotos/">Tyler Mitchell</a>, Styles wears a variety of stereotypically feminine clothing."I'll go in shops sometimes, and I just find myself looking at the women's clothes thinking they're amazing," <a href="https://www.insider.com/harry-styles-gender-fluid-fashion-style-clothing-vogue-interview-2020-11">Styles told Vogue's Hamish Bowles</a>. "It's like anything — anytime you're putting barriers up in your own life, you're just limiting yourself. There's so much joy to be had in playing with clothes."He added: "I've never really thought too much about what it means — it just becomes this extended part of creating something."In his <a href="https://www.insider.com/one-direction-solo-albums-ranked-harry-niall-zayn-louis-liam">post-One Direction solo career</a>, Styles has become known for <a href="https://www.insider.com/wildest-outfits-harry-styles-best-fashion-moments">his androgynous, fluid fashion sense</a>. And though he avoids defining his own identity, <a href="https://www.insider.com/harry-styles-bisexual-sexuality-response-guardian-interview-2019-12">he has defended his "sexual ambiguity"</a> and remained an <a href="https://www.insider.com/harry-styles-supported-lgtbqia-community-2018-7">outspoken supporter of LGBTQ rights</a>."In terms of how I wanna dress, and what the album sleeve's gonna be, I tend to make decisions in terms of collaborators I want to work with," Styles <a href="https://www.insider.com/harry-styles-bisexual-sexuality-response-guardian-interview-2019-12">told The Guardian in December</a>. "I want things to look a certain way. Not because it makes me look gay, or it makes me look straight, or it makes me look bisexual, but because I think it looks cool."Indeed, Styles is wearing a dress on the cover of Vogue, which many have celebrated as <a href="https://www.insider.com/harry-styles-candace-owens-vogue-cover-celebrities-fans-react-2020-11">a milestone for breaking down aesthetic gender norms</a>.But others have questioned Styles as a symbol of progressive gender fluidity.<div type="image" title="harry styles pride flag" height="1400" width="2800" msid="79253854" hostid="261"></div>Vogue has received backlash for centering a white, cisgender man in a movement largely founded by transgender people of color — especially when those very people are more often shunned than celebrated.<a href="https://www.alokvmenon.com/about">Alok Vaid-Menon</a>, a gender non-conforming performance artist and author of <a href="https://www.penguinrandomhouse.com/books/611537/beyond-the-gender-binary-by-alok-vaid-menon-illustrated-by-ashley-lukashevsky/">"Beyond the Gender Binary,"</a> explained their mixed feelings with <a href="https://www.instagram.com/p/CHj1ctNh2N9/">an Instagram post</a> that's racked up more than 250,000 likes."Am I happy to see Harry be celebrated for openly flouting gendered fashion norms? Yes. Do trans femmes of color receive praise for doing the same thing every day? No," they wrote. "Do I think this is a sign of progress of society's evolution away from binary gender? Yes. Do I think that white men should be upheld as the face of gender neutral fashion? No.""Make no mistake: trans femmes of color started this and continue to face the backlash from it," Vaid-Menon continued. "Our aesthetics make it to the mainstream, but not our bodies. We are still dismissed as 'too much' and 'too queer' because we aren't palatable enough to whiteness and heteronormativity.""Is that Harry's fault? No. It's the fault of systems of transmisogyny and racism."Through their manager, Vaid-Menon declined to offer any additional comments but gave Insider permission to cite their post.Plenty of people on Twitter expressed similar reservations.Although it's clear that Styles is well-liked, the fact remains that transgender and gender non-conforming people — particularly people of color — are regularly dismissed or even targeted for making similar fashion choices, despite leading the charge against heteronormativity.Many critics were more skeptical of Vogue than of Styles himself, calling for the magazine — and the fashion industry at large — to embrace trans and non-binary people with the same enthusiasm.Others explicitly called for Vogue to feature a trans person on its cover, which has never been done by the flagship brand. (Some editions of the magazine <a href="https://www.theloop.ca/french-vogue-features-its-first-transgender-cover-model/">in other countries</a> have met that milestone, as with <a href="https://www.vogue.co.uk/article/laverne-cox-first-trans-person-vogue-september-2019-issue">Laverne Cox on the cover of British Vogue in 2019</a>.)Some critics, much like Vaid-Menon, also held space for celebration and defended Styles."Just a little reminder that you can celebrate something while still wanting more," one person noted. "Enjoying Harry's Vogue color while wishing queer people had more representation and felt the same freedom he does."A representative for Styles didn't immediately respond to Insider's request for comment.<ul class="read-more-links"><li>Read more:</li><li><a href="https://www.insider.com/harry-styles-candace-owens-vogue-cover-celebrities-fans-react-2020-11">Celebrities and fans defend Harry Styles after conservative commentator Candace Owens calls his Vogue cover an 'outright attack' on 'manly men'</a></li><li><a href="https://www.insider.com/harry-styles-gender-fluid-fashion-style-clothing-vogue-interview-2020-11">Harry Styles opens up about his fluid sense of style and why he doesn't like 'limiting' himself to only men's clothing</a></li><li><a href="https://www.insider.com/harry-styles-bisexual-sexuality-response-guardian-interview-2019-12">Harry Styles defended his 'sexual ambiguity' when an interviewer asked if he's bisexual</a></li><li><a href="https://www.insider.com/harry-styles-songs-ranked">Every single Harry Styles song, ranked</a></li></ul>

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Harry Styles made Vogue history as the magazine's 1st cis male cover star, but some say the spot should've gone to a trans person instead

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