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RIL's O2C,new biz - more than $100Bn💰
Netflix jumps into gaming, UPI, RuPay to go global!
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Netflix-ready to fight, offers video games⚔
Netflix Inc. is considering an expansion into video games, its first major foray beyond TV shows and films, and has hired a former Electronic Arts Inc.(EA) and Facebook Inc. executive to lead the effort. Mike Verdu will join Netflix as vice president of game development. It plans to deploy streamable games on its platform within the next year.
Unlike today, where you need an Xbox or a PlayStation console to play high-quality games, the future of gaming is where you pick a controller from your coffee table, click a button, and boom... you start competing with a friend or a bot, without having to pay for expensive hardware or new games every time!
High bandwidths and low latencies of 5G will bring about this shift. And the $200B gaming industry vs. the $70B film industry is a TAM multiplier that investors will adore.
RIL’s O2C, new energy biz may be valued more than $100Bn💰
Reliance currently operates in three verticals: oil-to-chemical (O2C), which includes its refineries, petrochemical plants, and fuel retailing; digital services, which includes Reliance Jio; and retail, which includes e-commerce. The fourth vertical will be New Energy.
Mukesh Ambani plans to invest Rs 75,000 crore in solar, batteries, fuel cells, and hydrogen, which could value the new energy business at $36Bn. It valued the O2C business at over $69Bn, digital services at USD 66 billion, and retail at USD 81.2 billion.
The entire conglomerate is worth over $261Bn.
The logic of investing in clean energy is compelling. $70 trillion will be spent globally on the energy transition over the next 30 years.
Ultimately, Reliance plans to offer a fully integrated end-to-end renewables energy ecosystem to customers through solar, batteries, and hydrogen.
Hot Shorts ⚡
Ola Electric announced on Saturday that it had received about 1 lakh bookings for its upcoming scooter within the first 24 hours of launching it. On the evening of July 15, the firm started accepting bookings for its electric scooter. 🛵
Facebook is planning to extend its payment system Facebook Pay to online retailers in August this year. Currently, the Facebook Pay system is available for users on its main platform, as well as on WhatsApp and Instagram. 💙
NPCI in talks to take UPI, RuPay to global markets🌎
The National Payment Corporation of India (NPCI) is in talks with several international organizations to expand the worldwide footprint of RuPay and UPI (unified payment interface). Some of the likely destinations include Gulf countries like Saudi Arabia, the UAE and Bahrain, European and North American countries, Mauritius and Singapore, payment industry insiders said.
Most commonly associated with the RuPay cards and the UPI transaction system, the NPCI launched its international wing, NPCI International Payments Limited (NIPL), on Thursday.
😲 Japan establishes a new global record for Internet speed, transferring data at 319 terabits per second. Optical fibers, which use light instead of copper connections to transmit data, were used to accomplish the accomplishment.
💻 Tata Consultancy Services (TCS), Infosys, and Wipro are looking to hire more than 1 lakh, college freshers, for their cause in this fiscal year. These claims were made by the firms following their respective quarterly updates.
“Our skillset in any area of life can only bring us success if we have the right mindset.”
-Gaur Gopal Das
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