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NYSE-parent ICE's first-quarter profit rises on robust trading volume

NYSE-parent ICE's first-quarter profit rises on robust trading volume

Economic Times01-05-2025

Synopsis Intercontinental Exchange reported an increase in first-quarter profit on Thursday, as it benefited from strong trading volumes in energy and options segments. Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained
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Portronics Beem 520 projector review: Big-screen fun on a budget
Portronics Beem 520 projector review: Big-screen fun on a budget

Time of India

timean hour ago

  • Time of India

Portronics Beem 520 projector review: Big-screen fun on a budget

Rating: 3.5/5 Gamers and movie lovers are once again turning to projectors for that immersive 'cinematic' experience at home. The rise of compact LED projectors – that deliver impressive brightness and resolution without breaking the bank – is adding to this trend. Among them is the new Portronics Beem 520 , a smart LED projector that promises vibrant visuals, built-in streaming apps, and portable convenience—all for an affordable price of Rs 6,999. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Walgreens Keeps Quiet About This '9 Pills for $7' Generic Cialis Deal Friday Plans Get Offer Undo We've been using the Portronics Beem 520 for a while now, setting it up across different rooms (and even briefly on the balcony) to see how it handles various scenarios. Does it offer solid performance at this budget-friendly price point? Here's what we think: Design The Portronics Beem 520 comes bundled with a remote controller and a power adapter. The projector features a cylindrical minimalist design with a soft white finish. This gives it a clean, modern look and has been pleasing to the eyes since we first set it up. One of the first things we noticed was the built-in telescopic stand, which is a simple yet practical addition. Once we detached the projector's body from the telescopic stand, the speaker grille, as well as the power and other connectivity ports, appeared. The stand's length can be increased, and its base holds the points which can be used for wall or ceiling mounting. During a weekend movie marathon, the stand made it easy to adjust the angle of projection when switching from projecting onto a living room wall to a white ceiling late at night. Tiltable head and automatic vertical keystone correction saved time during setup; the image aligned properly even when we quickly placed the projector on a pile of books during an impromptu cricket match watch party. Despite its plastic build, the device has a decent touch and feel. It also makes the projector light and easy to carry around the house or even take outside. The ceiling-mountable option is a good plus for those who want a fixed setup. The screen projected by the Beem 520 can also be adjusted manually with the rotatable ring in front og the projector. Performance The Portronics Beem 520 delivers native 720p resolution and supports content up to 4K Ultra HD. In real-world use, we projected everything from YouTube music videos to a full 4K Marvel movie trailer, and the visuals were acceptably sharp for the price point, especially when the screen size was kept around 80 inches. The 2,200 lumens of brightness was good enough even during daytime, and pulling the curtains for darker scenes did enhance the experience. We tested screen sizes from 62 inches to over 85 inches. At a friend's housewarming, we set it up in their backyard after sunset, projecting onto a white bedsheet clipped to the wall, and the crowd loved the 'DIY drive-in theatre' vibe. The projector comes with OTT apps like Netflix, Disney+ Hotstar, YouTube, and Prime Video. During testing, these worked fine for basic streaming, though the built-in interface sometimes felt laggy. We ended up connecting a Fire TV Stick for a smoother experience during longer watch sessions. Portronics Beem 520 supports two types of interface, the first one that appears on switching on the device another Desktop option which can be selected from the menu layout of the first one. The latter works similarly to the ones we can find on Android TVs. Portronics Beem 520 Smart LED Projector Review Setting up the projector was quite straightforward. It supports auto-keystone correction, so whenever we tilted or repositioned it, the image realigned on its own. This was especially handy when we shifted it from a coffee table to a higher shelf. If the image still looked a bit off, we were able to manually adjust the keystone from the settings with ease. This tweak came in handy while projecting on an uneven wall. Screen mirroring worked well, too. We tried it on both an Android phone and an iPhone. With Android, the built-in Miracast option got us going in seconds. For the iPhone, we used the iMotecast app. Just make sure both devices are on the same Wi-Fi network. We mirrored a few YouTube videos, and everything played smoothly. For the best clarity, we found that using the projector in a dark room made a big difference. Watching late at night in our living room brought out the colours and sharpness. We also recommend placing the projector about five feet above the ground for an optimal viewing angle. One thing we noticed after a few uses was that dust can build up inside the projector if the environment isn't clean. Since it uses open engine technology, it's best to keep it in a dust-free space. Also, if it seems to heat up, make sure there's at least two feet of space from the wall to allow proper airflow. Initially, we had it too close to the wall and noticed it running a bit warmer than expected. With just a little setup and some attention to placement, we found that this projector can deliver a really enjoyable viewing experience, whether you are binge-watching, catching a late-night movie, or streaming casual videos. The 3W speakers are sufficient for small rooms or late-night viewing. However, when projecting outdoors, we had to pair it with a Bluetooth speaker for louder, clearer sound. Connecting to Wi-Fi was equally smooth. We simply went into the network settings, selected our Wi-Fi, entered the password, and were ready to stream. We had a Netflix show running within minutes. Pairing a Bluetooth speaker was also hassle-free. We connected our portable speaker quickly and enjoyed a full movie with solid audio sync. HDMI and USB ports were tested with a laptop and a USB drive—no compatibility issues there. The Portronics Beem 520 doesn't have a built-in battery, so we kept it plugged in all the time. While this limits its portability outdoors, it's not a deal breaker. We managed fine with a long extension cord during the backyard movie night. Verdict The Portronics Beem 520 Smart LED projector delivers what it promises—big-screen entertainment at an affordable price. The compact size, decent brightness, and built-in apps make it a fun gadget for casual movie nights, watch parties, or even for creating an occasional backyard cinema. While the app interface and built-in audio have some limitations, the Rs 6,999 price tag makes this a very good value for those wanting a simple projector for home entertainment. It's also better to use it with an external streaming device and Bluetooth speaker for the best experience. For those who want a fuss-free, portable projector for home or occasional outdoor use, without breaking their bank, the Portronics Beem 520 is worth considering. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Jamie Dimon-led JPMorgan issues stern warning! Job hopping analysts to be fired; ‘if you accept a position with..'
Jamie Dimon-led JPMorgan issues stern warning! Job hopping analysts to be fired; ‘if you accept a position with..'

Time of India

time4 hours ago

  • Time of India

Jamie Dimon-led JPMorgan issues stern warning! Job hopping analysts to be fired; ‘if you accept a position with..'

Jamie Dimon has consistently voiced concerns about private equity firms attracting fresh finance graduates. Led by CEO Jamie Dimon, JPMorgan has issued a very stern warning to 'unethical' junior bankers who start looking at alternate job offers within 18 months of joining. A new letter, leaked on Litquidity's Instagram platform, warns the new recruits against job hopping. According to the letter, junior bankers securing alternative employment opportunities during their initial 18-month tenure risk immediate termination from JPMorgan amidst increasing competition for skilled professionals in Wall Street. The confidential correspondence to newly recruited JPMorgan analysts explicitly states that securing employment elsewhere would result in immediate dismissal from the bank, according to a New York Post report. What JPMorgan's letter says to new recruits "If you accept a position with another company before joining us or within your first 18 months, you will be provided notice and your employment with the firm will end," states the correspondence dated June 4, bearing signatures of JPMorgan's global banking co-heads Filippo Gori and John Simmons, the report said. The communication from both senior leaders emphasised that complete dedication and engagement are vital for achieving success in the investment banking analyst programme. Also Read | Donald Trump vs Elon Musk: Who has more to lose - US President or world's richest man? Stakes are high for both! The executives further stated that "missing any part of the training programme" might result in dismissal, whilst highlighting that "avoiding potential conflicts of interest is crucial to maintaining the trust and confidence our clients place in us." The leadership also announced a reduction in the timeline to attain associate position by six months, making it 2.5 years, aiming to retain exceptional talent. Whilst their correspondence did not explicitly reference private equity organisations, these firms have historically employed strategies to recruit junior banking professionals following their initial training period, the report said. Jamie Dimon's past warnings Jamie Dimon, the 69-year-old chief executive of JPMorgan, has consistently voiced concerns about private equity firms attracting fresh finance graduates with substantial salary packages that major US banks struggle to match. "I know a lot of you work at JPMorgan, you take a job at a private equity shop before you even start with us," Dimon had told a crowd of undergraduate business school students, terming it "unethical." During his address at Georgetown University's Psaros Center for Financial Markets and Policy in September, he expressed his disapproval, saying, "It puts us in a bad position, and it puts us in a conflicted position. You are already working for somewhere else, and you're dealing with highly confidential information from JPMorgan, and I just don't like it." Also Read | Will the Donald Trump administration be forced to give billions of dollars in tariff refunds? Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Airtel urges RBI, NPCI and banks to collaborate on digital fraud fight
Airtel urges RBI, NPCI and banks to collaborate on digital fraud fight

Business Standard

time4 hours ago

  • Business Standard

Airtel urges RBI, NPCI and banks to collaborate on digital fraud fight

Bharti Airtel has approached around 40 banks, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), seeking collaboration to establish a collective database of known fraudulent financial domains. Airtel expressed support for regulatory discussions and offered assistance to the RBI in framing mechanisms to ensure that over-the-top (OTT) platforms are held responsible for consumer protection in financial communication, according to a PTI report. The company has also proposed launching joint awareness campaigns to inform the public about evolving tactics in digital fraud and to promote secure digital practices. On 15 May, Airtel introduced an artificial intelligence (AI) based security platform designed to block fraudulent websites in real time, aiming to prevent digital scams targeting users. In a regulatory filing, Airtel stated that the service is the first of its kind globally. The platform has been launched in Haryana and will be expanded to other parts of India in due course. According to Airtel, the solution is compatible with multiple communication platforms, including WhatsApp, Telegram, Facebook, Instagram, emails, web browsers and SMS. Collaboration with NPCI In a separate communication to NPCI, Airtel suggested a partnership to improve the safety of the country's digital payment infrastructure. The telecom operator proposed that awareness initiatives use the combined outreach of Airtel and NPCI to educate users on secure online behaviour, identifying phishing threats and protecting against new digital fraud methods. It also suggested workshops to develop and commercialise anti-fraud solutions to help reduce financial fraud cases. In the communication, Airtel Vice Chairman and Managing Director Gopal Vittal wrote to NPCI MD and CEO Dilip Asbe: 'The NPCI has been deploying AI-based models that offer an advanced real-time Fraud Risk Monitoring and Management solution that generates alerts and allows banks to detect and prevent fraud across all online NPCI products.' Airtel outlined specific proposals in its 16 May letter, including: 'Closer collaboration between Airtel and NPCI to create a repository of known fraudulent financial domains, enabling proactive blocking of these malicious sites and creating a multi-layered defence against digital fraud.' Airtel said its fraud detection technology, which restricts access to malicious websites and phishing links at the access point, could complement NPCI's existing systems. The telecom stated: 'Additionally, during these programmes as well as our overall telco acquisition and experience, we believe that we have strong signals that could lead to identification of potentially fraudulent transactions or users.' It also recommended joint awareness efforts and workshops to build fraud resistance in the digital payments ecosystem. 'Through this collaboration, NPCI, Airtel and the banking sector can collectively create a more robust and resilient framework for reducing fraud and building greater confidence in India's digital financial services. Airtel remains committed to doing its part and would be happy to provide further technical details and explore how we can work together with the NPCI to enhance the security and integrity of India's digital payments ecosystem,' the letter said. RBI partnership In a separate letter to RBI Governor Sanjay Malhotra, Vittal acknowledged the central bank's initiatives, including its work with regulated entities and the Reserve Bank Innovation Hub (RBIH) on the system. Vittal wrote: 'This powerful AI-based system has already demonstrated its ability to identify mule accounts used to route illicit funds. By analysing user behaviour and transaction patterns, banks can now flag and disable suspicious accounts more efficiently, thereby disrupting fraud at the transactional layer.' He added: 'Airtel believes that our fraud detection solution can complement these efforts by stopping fraud at the very first step: the moment a user attempts to access a malicious site.' 'Airtel remains committed to doing its part and would be happy to provide further technical details and explore how we can work together with the RBI in this critical fight against digital fraud,' Vittal stated. OTT cyber risks The company also raised concerns about security risks associated with OTT platforms. It said replicating the protection level of SMS on OTT platforms is 'impossible' because detecting and blocking fraudulent links on these platforms is more difficult compared with websites. Airtel also noted the absence of traceability, compliance obligations and regulatory access within OTT platforms. 'In this context, and in light of the ongoing RBI consultation on additional factor authentication (AFA) for digital payments, we wish to emphasise that financial transactions must continue to be conducted over secure telecom networks. Telecom networks offer a level of protection and oversight that OTT platforms currently lack, thereby helping to mitigate fraud risks and enhance overall consumer safety,' Vittal wrote. Banking industry Airtel's collaboration proposals received positive feedback from both private and public sector banks. Previously, Airtel had approached Reliance Jio and Vodafone Idea to propose a joint initiative against telecom fraud, aimed at addressing scams targeting users through telecom networks. In those letters, Airtel cited data showing that over 1.7 million cybercrime complaints were recorded in the first nine months of 2024, with financial losses exceeding ₹11,000 crore. The company urged all telecom providers to jointly work to combat fraudulent and deceptive practices targeting individuals.

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