Tata Play ventures into OTT📺; Infosys becomes 4th by m-cap📈; Musk has a 'super app' plan🌟
Tata Play ventures into OTT space, Infosys becomes India’s fourth-largest firm by market cap, Musk has a 'super app' plan for Twitter, Funding Deals and more.
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Tata Play ventures into OTT space with new service📺
Tata Play (formerly Tata Sky) has decided to offer its over-the-top (OTT) service Tata Play Binge to non-Tata Play users, two years after its launch in 2020.
Until now, the app has been available only to Tata Play subscribers and has around a million paid subscribers, said Harit Nagpal, MD & CEO, Tata Play.
The aggregator app, which now has tie-ups with 25 video-on-demand (VOD) services, including the likes of Disney+Hotstar, MX Player, ZEE5, Voot, SonyLIV, Hoichoi, Planet Marathi, Sun NXT and Eros Now, will be available for all smartphone users, with no pre-requisite of needing a direct-to-home (DTH) subscription.
Tata Play Binge app will aggregate content across 12 languages from 17 streaming apps, along with gaming as of now, and will add another eight in due course.
Infosys becomes India’s fourth-largest firm by market cap after Q2 show📈
Infosys’s resilient performance in Q2 breathed new life into its long-suffering stock, which rallied nearly 5% on Friday, making the IT bellwether India’s fourth-largest company by market capitalisation.
With a market cap of Rs 6.25 lakh crore, the IT major has once again taken the No. 4 spot after Reliance Industries, Tata Consultancy Services and HDFC Bank, overtaking FMCG giant Hindustan Unilever Ltd on the list of largest listed companies in India.
Market capitalisation, or market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. It is equal to the market price per common share multiplied by the number of common shares outstanding.
Hot Shorts⚡
Sports tech startup MyySports has raised $2 million in funding from Mathew Cyriac, founder of alternate asset management company Florintree Advisors.
Avataar Venture Partners, which has backed unicorn software startups such as Amagi, Zenoti and others, has launched its second fund (Fund II) with a corpus of $350 million.
Venture debt provider Alteria Capital, which has backed Mensa Brands and Dunzo, has launched its third fund (Fund III) with a first close of Rs 1,000 crore, largely from domestic investors and soft commitments from institutions.
Elon Musk has a 'super app' plan for Twitter🌟
Elon Musk has a penchant for the letter "X." He calls his son with the singer Grimes, whose actual name is a collection of letters and symbols, "X." He named the company he created to buy Twitter "X Holdings." His rocket company is, naturally, SpaceX.
Now he also apparently intends to morph Twitter into an "everything app" he calls X.
For months, the Tesla and SpaceX CEO has expressed interest in creating his own version of China's WeChat - a "super app" that does video chats, messaging, streaming and payments - for the rest of the world.
Tweet of the day🐥
Other Top Stories
🌊 Sea6 Energy: An ocean farming startup that wants to replace fossil fuel with biofuels
🛵 Ola's Bhavish Aggarwal doubles down on EVs to undercut Elon Musk
"Stop being afraid of what could go wrong, and start being excited for what could go right."
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