logo
Rs 4000000000 budget, 10-acre campus: Know about IICT launched on the lines of IIT-IIM, to be a national hub for...

Rs 4000000000 budget, 10-acre campus: Know about IICT launched on the lines of IIT-IIM, to be a national hub for...

India.com03-05-2025

Rs 4000000000 budget, 10-acre campus: Know about IICT launched on the lines of IIT-IIM, to be a national hub for…
WAVES 2025, IICT: In order to promote the creative and digital media industry in the country, PM Modi-led Central Government recently launched the Indian Institute of Creative Technology (IICT) on the lines of IIM and IIT. The government aims to make IICT a national hub for Animation, Visual Effects, Gaming, Comics, Extended Reality (AVGC-XR) sectors. Union Information and Broadcasting Minister Ashwini Vaishnav on Thursday stated that PM Modi has allocated a budget of Rs 400 crore for the establishment of IICT in Mumbai. Google, Apple, Microsoft Will Help
While addressing the World Audio Visual and Entertainment Summit in Mumbai on Thursday, Minister Vaishnav stated that PM Modi has cleared Rs 400 crore for establishing IICT while the land has been provided by the Maharashtra government.
'Global tech giants like NVIDIA, Google, Apple, Microsoft, Star India, Meta, and Adobe are collaborating to make IICT a world-class institute,' Vaishnav said. Where Will IICT Campus Be Built
The Indian Institute of Cinema Technology (IICT) will initially operate from Mumbai's NFDC building, featuring advanced facilities such as gaming and animation labs, editing suites, virtual production capabilities, and smart classrooms. Future expansion plans include a larger campus in Goregaon's Film City and the establishment of regional IICT branches.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'Jaat' released on OTT: Where to watch Sunny Deol's latest box office hit online?
'Jaat' released on OTT: Where to watch Sunny Deol's latest box office hit online?

Economic Times

time2 hours ago

  • Economic Times

'Jaat' released on OTT: Where to watch Sunny Deol's latest box office hit online?

Jaat's Star-Studded Cast and Makers Box Office Performance and Reviews What's Next for Sunny Deol After making noise at the box office earlier this year, Sunny Deol's action-packed film Jaat has officially made its digital debut. The high-octane drama, which released in theatres on April 10, 2025, is now available to stream on Netflix. The platform began streaming the film from June 5 in both Hindi and shared a promo video featuring Sunny Deol himself, where he confidently declares, '@iamsunnydeol has a tareekh for you. Note kar lo, JAAT aa raha hai. Watch Jaat, out 5 June, in Hindi and Telugu, on Netflix.' The announcement video carried Sunny's trademark intensity, heightening excitement among fans who had been awaiting the OTT by Gopichand Malineni, Jaat brings together a strong cast including Sunny Deol, Randeep Hooda, Viineet Kumar Singh, Saiyami Kher, and Regina Cassandra. The film was produced by the same team behind the Pushpa franchise, marking their first venture into Hindi to the buzz, the production team has confirmed that a sequel is already in the pipeline, indicating that the story is far from was reportedly made on a massive budget of Rs 100 crore. The film successfully earned Rs 118.36 crore globally, turning out to be a box office hit. Its solid theatrical performance set the stage for a highly anticipated OTT Jaat managed to draw crowds, critics shared a mix of reactions. An ETimes review noted, 'Visually, the film holds its own. Thaman S's background score heightens the drama effectively, and the cinematography offers a gritty, lived-in aesthetic. Action sequences, while often overindulgent, are slick and impactful. The dialogues, penned by Saurabh Gupta and Sai Madhav Burra, are over-the-top and theatrical—often more memorable than the scenes themselves.'However, the same review pointed out that the narrative pacing became a concern after the interval. 'The second half drags, and the film's 153-minute runtime begins to weigh heavily. A forced item number featuring Urvashi Rautela feels unnecessary and only adds to the film's bloated feel.'On the professional front, Sunny Deol is not slowing down. After Jaat, he is preparing for the release of Border 2, the much-awaited sequel to the 1997 war you missed it in theatres, Jaat is now streaming on Netflix from June 5, 2025.

Elon Musk once gave Apple 3 days to accept his Rs 55000 crore offer, Tim Cook rejected it, paid heavy price due to...
Elon Musk once gave Apple 3 days to accept his Rs 55000 crore offer, Tim Cook rejected it, paid heavy price due to...

India.com

time2 hours ago

  • India.com

Elon Musk once gave Apple 3 days to accept his Rs 55000 crore offer, Tim Cook rejected it, paid heavy price due to...

(File) Elon Musk, the world's richest man is infamous for aggressive business tactics, and one such example was none other than Apple, when Musk reportedly issued a 3-day ultimatum to the tech giant to accept his SpaceX satellite connectivity deal for a whopping $5 billion, days ahead of the iPhone 14 launch. When Elon Musk gave an ultimatum to Tim Cook According to reports, Elon Musk's SpaceX offered satellite connectivity for the iPhone, but Apple would have to pay $5 billion upfront for the service, and $1 billion annually after an 18-month exclusivity period. The egotistic billionaire was convinced that Apple wouldn't dare turn down such a deal, and gave Tim Cook 3 days to decide. Musk also threatened to launch a competing service that would work directly with iPhones if Apple refused his offer. Tim Cook defies Elon Musk However, unfazed by Musk's ultimatum and threats, Apple CEO Tim Cook turned down the offer and chose to partner with a smaller satellite communications provider (satcom), and even though the SpaceX deal would have provided more expansive satellite network for the iPhone, Cook decided otherwise due to various factors. Scorned by the refusal, Elon Musk did exactly what he had threatened to do; the tech billionaire launched Starlink Direct to Cell, a competing satellite service that offered satellite-powered communication for smartphones, including the iPhone running a T-Mobile network. The service was a collaboration between SpaceX and T-Mobile. Musk sues Globalstar in spectrum battle The situation presented a major legal challenge to Apple as iPhones using a T-Mobile network, could connect to Musk's Starlink Direct to Cell services, even though the devices were legally tied to Globalstar. The legal battle escalated after SpaceX challenged Globalstar's rights to an important wireless spectrum, claiming that the latter had failed to fully utilize the allocated spectrum, and was trying to block competitors from entering the market. This directly impacted Apple as the spectrum being challenged was being used for its iPhone satellite connectivity service, which meant that it would have to find an alternative satcom provider, if SpaceX were to win the lawsuit. SpaceX legal challenge triggers internal rift at Apple As per a report by Apple Insider, Musk's legal onslaught created internal rifts within Apple as senior executives, including its software chief Craig Federighi, and Adrian Perica, head of corporate development, expressed concerns over the tech giant's partnership with Globalstar, which reportedly has an outdated and slower network compared to its competitors like SpaceX. Globalstar was planning to expand its satellite network, but only marginal improvements were expected over the next decade. Many Apple executives feared that the company's reliance on Globalstar could draw unwanted regulatory attention, particularly over the issue of whether Apple could be classified as a telecommunications carrier. However, despite these reservations, Apple decided to continue its partnership with Globalstar, and has a $1.7 billion investment with the satcom provider, out of which $1.1 billion is dedicated to developing and launching new satellites.

After Jefferies and Rosenblatt Securities, Needham downgrades Apple; says: For this stock to work, it must have ...
After Jefferies and Rosenblatt Securities, Needham downgrades Apple; says: For this stock to work, it must have ...

Time of India

time2 hours ago

  • Time of India

After Jefferies and Rosenblatt Securities, Needham downgrades Apple; says: For this stock to work, it must have ...

Apple Inc. shares declined 0.6% in premarket trading on Wednesday, signaling a continuation of its 2025 struggles, with the stock down 19% year-to-date, the weakest performance among the Magnificent Seven, according to Bloomberg. Wall Street's concerns center on Apple's growth prospects and its lagging position in the artificial intelligence (AI) landscape, compounded by competitive pressures and political risks. Needham & Company downgraded Apple to hold from buy, joining a growing list of firms tempering expectations. Analyst Laura Martin highlighted multiple risks, including intense competition, sluggish growth, and a valuation that 'looks expensive on several metrics.' She noted, 'For this stock to work, it must have the catalyst of an iPhone replacement cycle , which we do not foresee in the next 12 months,' per Bloomberg. Martin also pointed to Apple's slow progress in generative AI, stating that innovations in this space 'open the door for new hardware form factors that threaten iOS devices.' What is hurting Apple stock The selloff partly reflects political uncertainty, as Apple's global manufacturing footprint makes it vulnerable to tariffs, with the Trump administration repeatedly targeting the company. Additionally, Apple's AI struggles have intensified scrutiny. The recent acquisition of io, a startup co-founded by former Apple design icon Jony Ive, by OpenAI underscores the competitive threat in AI-driven innovation, potentially challenging Apple's hardware dominance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Needham's downgrade follows similar moves by Jefferies and Rosenblatt Securities in May, with Oppenheimer, MoffettNathanson, Loop Capital, Aletheia Capital, and DBS Bank also cutting ratings earlier in 2025, Bloomberg reports. Only 58% of analysts tracked by Bloomberg now recommend buying Apple, a stark contrast to peers like Microsoft, Amazon, Nvidia, and Meta, which boast buy ratios near or above 90%. Apple's challenges in AI, coupled with macroeconomic headwinds and a lack of near-term catalysts, continue to weigh on investor sentiment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store