Latest news with #IndianRupees
TechCrunch
13-05-2025
- Business
- TechCrunch
Amazon Prime Video in India to get ads starting in June
Amazon will bring ads to movies and shows on Prime Video in India starting June 17, over a year after introducing ads in markets including the U.S., U.K., Germany, and Canada. On Tuesday, Amazon emailed Prime members in India to announce the rollout of 'limited advertisements' on content streaming on Prime Video. Amazon originally announced in October that it would serve Prime Video ads in India starting sometime this year, without sharing specifics. A spokesperson told TechCrunch that Amazon is also introducing an ad-free Prime Video add-on at an introductory price of 699 Indian rupees (roughly $8) a year or 129 Indian rupees (roughly $1.52) a month that Prime members will be able to purchase on top of their existing membership. The spokesperson didn't share additional details, however. Last year, Amazon launched a $3 monthly add-on in the U.S. to offer an ad-free experience to Prime Video viewers. That move reportedly helped the tech giant secure more than $1.8 billion in ad spending commitments for its video streaming service. The company revealed this week that more than 130 million viewers in the U.S. are watching Prime Video with ads, up from 115 million last year. Alongside Prime Video, Amazon has MX Player in India that includes ads to help the company generate additional advertising revenue. The service, which Amazon acquired from Times Internet last year, offers a subscription to limit the ads users see. Amazon Prime in India starts at 299 Indian rupees (roughly $3.50) a month and goes up to 1,499 Indian rupees (roughly $17.57). Similar to Amazon, Netflix and Disney+ also have ad-supported plans in the U.S. and other markets.
United News of India
08-05-2025
- Business
- United News of India
Sensex opens at 80,912.34, up 166 pts and Nifty at 24,431.50, up 17 pts
Sensex rises over 100 pts 08 May 2025 | 9:50 AM Mumbai, May 8 (UNI) The BSE Sensex on Thursday advanced further by 166 pts to open at 80,912.34 on strong global cues. see more.. CoinSwitch holds higher crypto assets than its users 07 May 2025 | 9:31 PM Mumbai, May 7 (UNI) Continuing its commitment to transparency and trust-building, CoinSwitch, India's largest crypto platform with over two crore users, claimed on Wednesday that the company's total holdings in crypto and INR (Indian Rupees) exceed total assets held by its customers. see more..
United News of India
07-05-2025
- Business
- United News of India
CoinSwitch holds higher crypto assets than its users
Mumbai, May 7 (UNI) Continuing its commitment to transparency and trust-building, CoinSwitch, India's largest crypto platform with over two crore users, claimed on Wednesday that the company's total holdings in crypto and INR (Indian Rupees) exceed total assets held by its customers. While publishing the fifth edition of its Proof of Reserves (POR), achieved through an independent audit and on-chain validation, as of March 31, 2025, CoinSwitch's total reserves, including crypto and INR balance, stood at Rs 2,764.20 crore, while customer holding totaled Rs 2,138.64 crore, representing a surplus of Rs 625.56 crore, reflecting prudent asset management and robust liquidity. According to the latest proof of reserves, CoinSwitch maintains a holdings ratio of 1:1 or more (a ratio of 1:1 or higher means the platform holds as much or more than users' crypto and INR balances, allowing users to redeem or withdraw them at any time). The assets held by PeepalCo, CoinSwitch's parent brand PeepalCo, are in addition to these funds and are not included in this POR assessment, said a release issued here on Wednesday. UNI AAA SS
Reuters
07-05-2025
- Business
- Reuters
KFC India operator Sapphire misses revenue estimates on sluggish demand
May 7 (Reuters) - Sapphire Foods India ( opens new tab, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly revenue that missed estimates on Wednesday, as demand failed to pick up despite discounts. The restaurant operator posted revenue from operations of 7.11 billion rupees ($83.98 million) for the fourth-quarter ended March 31, compared to 6.32 billion rupees a year earlier, according to a regulatory filing. Analysts had expected 7.14 billion rupees, according to data compiled by LSEG. ($1 = 84.6600 Indian rupees)
Mint
01-05-2025
- Business
- Mint
Small-cap penny stock under ₹1 in focus after issuance of NCDs worth ₹900 crore
Small-cap penny stock under under ₹ 1: Non-banking finance company Standard Capital share price to remain in focus in Friday's trading session after the board approved issuance of non-convertible debentures (NCDs) worth ₹ 900 crore. On Wednesday, Standard Capital share price was down 2.13 per cent to close at ₹ 0.46 apiece. "We wish to inform you that the Board of Directors of the Standard Capital Markets Limited in its Meeting held today i.e. April 30th 2025 at 4:00 P.M. and Concluded at 04:55 P.M. at its Registered ofϐice have, inter – alia, Considered, approved the issuance of Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures ("NCDs") having a face value of INR 1,00,000 (Indian Rupees One lakh) each, aggregating up to an amount of INR 9,00,00,00,000/- (Indian Rupees Nine Hundred Crores Only) in one or more tranches on a Private Placement basis, in accordance with the provisions of Companies Act, 2013 and other applicable Regulations," the company said in an exchange filing. Series I: Upto 25000 (Twenty Five Thousand) in one or more tranches aggregating up to an amount of INR 250,00,00,000/- (Rupees Two Hundred Fifty Crores Only) Series II: Upto 20000 (Twenty Thousand) in one or more tranches aggregating up to an amount of INR 200,00,00,000/- (Rupees Two Hundred Crores Only) Series III: Upto 13000 (Thirteen Thousand) in one or more tranches aggregating up to an amount of INR 130,00,00,000/- (Rupees One Hundred Thirteen Crores Only) Series IV: Upto 17000 (Seventeen Thousand) in one or more tranches aggregating up to an amount of INR 170,00,00,000/- (Rupees One Hundred Seventy Crores Only) Series V: Upto 15000 (Fifteen Thousand) in one or more tranches aggregating up to an amount of INR 150,00,00,000/- (Rupees One Hundred Fifty Crores Only) The company further informed that the date of maturity would be May 30, 2030.
