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Netflix signs deals with Airtel, Videocon d2h, Vodafone

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New Delhi, March 6 : Global video streaming service Netflix on Monday announced strategic partnerships with Airtel, Videocon d2h and Vodafone — making it the worlds leading Internet TV network.

With these partnerships, Netflix’s critically-acclaimed programmes like ‘House of Cards’ and ‘Narcos and The Crown’ will be easily accessible to consumers across direct-to-home and mobile platforms throughout the country.

“India is one of the most important and vibrant countries in the world and we are delighted to be teaming up with three of its leading companies to make it much easier for consumers to enjoy Netflix,” Reed Hastings, Co-founder and CEO of Netflix, told reporters here.

“In the months and years to come, we look forward to bringing our Indian members more compelling stories from all over the world, an ever-improving viewing experience and incredible joy,” Hastings added.

Under the agreement, Bharti Airtel will integrate the Netflix app into its direct-to-home service throughout the country.

“Airtel has been a pioneer in bringing the best of global content and products to its customers. We are delighted to partner Netflix to bring their popular content to our customer on one of our key digital platforms,” Said Gopal Vittal, Managing Director and CEO (India & South Asia), Bharti Airtel.

Netflix will also be integrated into the Videocon d2h set-top box, allowing viewers to instantly access Netflix by clicking a dedicated Netflix button on the remote control.

“We are delighted to have Netflix as a partner on our HD Smart Connect STB. This partnership strengthens our DNA of innovation by providing an instant TV screen experience for Netflix users in a seamless manner,” added Saurabh Dhoot, Executive Chairman, Videocon d2h.

In the mobile space, Netflix will partner with Vodafone on pre-paid programs and will enable payment integration, allowing Vodafone customers in India to pay for their Netflix subscriptions via their monthly bill.

“We are proud to be the first mobile partner of Netflix in India and look forward to offering its rich content to further delight our millions of customers”, said Sandeep Kataria, Director Commercial, Vodafone India.

Netflix launched its service globally in January 2016, including India.

“In 2017, we’ll be working on making our Indian service better in every dimension,” said Hastings.

“Working with some of India’s top artists, we cannot wait to bring more locally-produced series and films to our more than 93 million members households around the world,” he told reporters.

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TCS first Indian company to achieve $100 billion m-cap

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Mumbai, April 2: IT bellwether Tata Consultancy Services (TCS) on Monday emerged as the first Indian listed company to cross the $100-billion mark in terms of market capitalisation (m-cap).

Around 11 a.m., the m-cap of the company stood at Rs 675,934.95 crore or $101.60 billion on the BSE.

Shares of the company rose over four per cent to a new high of Rs 3,557 per share.

On Friday, the IT major’s shares rose over seven per cent to Rs 3,419.80 per share, taking its m-cap to over Rs 6.50 lakh crore or around $98 billion — close to the $100 billion mark.

The company’s shares had surged a day after its quarterly results announcement, which reported a net profit for Q4 at Rs 6,925 crore — up 4.6 per cent — from Rs 6,622 crore in the same period in 2017 and up 5.8 per cent sequentially from Rs 6,545 crore a quarter ago.

It also announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18.

IANS

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Key Indian equity indices open on flat note

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Mumbai, April 23: Key Indian equity indices opened on a flat note on Monday.

Around 9.16 a.m., the wider Nifty50 of the National Stock Exchange (NSE) inched up by 14.55 points or 0.14 per cent to trade at 10,578.60 points.

The barometer 30-scrip Sensitive index (Sensex) of the BSE, which opened at 34,493.69 points, traded at 34,425.68 points — up 10.10 points or 0.03 per cent from its previous session’s close.

The Sensex has so far touched a high of 34,500.55 points and a low of 34,396.03 points during the intra-day trade.

The BSE market breadth was bullish with 432 advances and 322 declines.

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Centre congratulates Bengal for becoming revenue surplus

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Secretary, Revenue, Dr. Hasmukh Adhia
Hasmukh Adhia, Finance Seceretary.File Photo

Kolkata, April 22 (IANS) The Central government has congratulated the West Bengal government as the state has become revenue surplus in March, officials said.

In a recent communication to state Chief Secretary Malay De, Union Finance Secretary Hasmukh Adhia said: “As far as West Bengal is concerned, the revenue gap has come down from 33.4 per cent in August to (-) 3 per cent in March. The revenue shortfall in West Bengal has been coming down steadily but there seems to have been a spike of a major gain in March where suddenly your revenue deficit has now become revenue surplus.”

“I would like to congratulate West Bengal for such a performance. We do hope that the trend will continue in future months also,” he wrote.

Adhia also mentioned the performance of Goods and Services Tax (GST) collection is improving with some ups and downs.

IANS

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