Netflix has announced business-economics.be/ that it will be ending password sharing in India. The new policy will come into effect on August 15, 2023. Under the new policy, each Netflix account will be limited to one stream per household. This means that users will no longer be able to share their passwords with friends or family members who live outside of their household.
Netflix is implementing this policy in India in order to combat rampant password sharing. The company estimates that as many as 50 million households in India are currently sharing passwords. This is costing Netflix millions of dollars in lost revenue.
The new policy is likely to be met with resistance from some Netflix users. However, Netflix is confident that the majority of users will comply with the new policy. The company has said that it will not be able to enforce the policy against all users, but it will take action against users who are found to be sharing their passwords.
Tata Group invests £4 billion in UK electric car battery gigafactory
The Tata Group has announced that it will be investing £4 billion in a new electric car battery gigafactory in the UK. The factory, which will be located in Coventry, is expected to create up to 6,000 jobs.
The Tata Group is the latest automaker to invest in electric car battery production. Other automakers, such as Tesla, Volkswagen, and Ford, have also announced plans to build gigafactories in the coming years.
The investment in the UK by the Tata Group is a significant vote of confidence in the UK’s automotive industry. The UK is already a major player in the global automotive industry, and the investment by the Tata Group is expected to help the UK to maintain its position as a leading global automotive manufacturing hub.
Reliance Industries Demerger: How many shares of Jio will you get after the demerger?
Reliance Industries has announced that businesslane.ca/ it will be demerger its telecom business, Jio, into a separate company. The demerger is expected to be completed by the end of 2023.
Under the demerger plan, Reliance Industries shareholders will receive one share of Jio for every four shares of Reliance Industries that they hold. This means that if you currently hold 100 shares of Reliance Industries, you will receive 25 shares of Jio after the demerger.
The demerger is expected to create two separate companies, Reliance Industries and Jio. Reliance Industries will focus on its oil and gas business, while Jio will focus on its telecom business.
The demerger is expected to be a positive development for both Reliance Industries and Jio. It will allow Reliance Industries to focus on its core oil and gas business, while it will allow Jio to focus on its telecom business.
Ola Electric considers early IPO as electric scooter sales soar
Ola Electric, the electric scooter maker owned by ride-hailing giant Ola, is considering an early initial public offering (IPO). The company is reportedly considering an IPO in the next two years, as it looks to raise funds to expand its production capacity and enter new markets.
Ola Electric has been one of the fastest-growing electric scooter makers in India. The company’s sales have surged in recent months, as more and more Indians are looking to switch to electric vehicles. In the first six months of 2023, Ola Electric sold over 500,000 electric scooters.
An IPO would allow Ola Electric to raise much-needed funds to expand its production capacity. The company currently has a production capacity of 1 million electric scooters per year. However, it is planning to increase its production capacity to 2 million electric scooters per year by the end of 2023.
Ola Electric is also looking to enter new markets. The company is reportedly planning to launch its electric scooters in Europe and the US in the next few years.
An IPO would be a major milestone for Ola Electric. It would be the first Indian electric vehicle maker to go public. The IPO would also be a sign of the growing popularity of electric vehicles in India.
TCS Q1 Results: Consolidated net profit rises 16.8% to Rs 11,074 crore; Rs 9 dividend announced
Tata Consultancy Services (TCS) has reported a 16.8% increase in its consolidated net profit to Rs 11,074 crore for the first quarter ended June 30, 2023. The company’s revenue grew 15.5% to Rs 52,758 crore in the quarter.
TCS’s profit was in line with analysts’ expectations. The company’s revenue was slightly above analysts’ expectations