Latest news with #Kundra
India Today
2 days ago
- Sport
- India Today
Former Rajasthan Royal co-owner threatens to expose finiachial irregularities
Former Rajasthan Royals co-owner Raj Kundra has sent ripples through the cricketing world with his announcement of impending revelations against a key figure linked to the Indian Premier League franchise. Taking to social media, Kundra hinted at releasing documented evidence of financial malpractice, including offshore money movement, irregular transactions, and what he described as deliberate suppression of co-promoter plans to go public with his claims during a press conference scheduled for June 2, with venue details expected to follow shortly. Kundra has promised to let the documents speak for themselves, asserting that his evidence will shed light on the inner workings of the franchise's financial 'I will soon be releasing documented evidence exposing serious financial misconduct, money laundering through offshore structures and hidden transactions involving a key promoter of the Rajasthan Royals. This includes willful suppression of co-promoter rights and entitlements, pattern of deceit and manipulation in shareholder dealings. The truth will be shared soon, and the documents will speak for themselves," Kundra wrote on his explosive disclosure comes as yet another blow to Rajasthan Royals, who are already under scrutiny after a disastrous IPL 2025 campaign. The team finished 9th in the standings out of 10 teams, managing only four wins in 14 matches and failing to secure a spot in the timing has raised eyebrows, especially since Kundra's announcement follows the trailer release of The Traitors, a new Amazon Prime reality series where he appears as a contestant. Hosted by Karan Johar and set to premiere on June and his wife, actress Shilpa Shetty, had acquired a minority 11.7% stake in the Royals in 2009 but severed ties in 2015 after Kundra was barred from cricket-related activities due to his involvement in the 2013 IPL betting the full scope of the alleged wrongdoing is yet to be unveiled, Kundra's claims have already triggered speculation and concern among cricket fans and league stakeholders — threatening to cast a fresh shadow over the Royals' already turbulent updated on IPL 2025 with India Today! Get match schedules, team squads, live score, and the latest IPL points table for CSK, MI, RCB, KKR, SRH, LSG, DC, GT, PBKS, and RR. Plus, keep track of the top contenders for the IPL Orange Cap and Purple Cap. Don't miss a moment!Must Watch
Time of India
3 days ago
- Entertainment
- Time of India
Raj Kundra plans to use the 'nepo-husband' card on Karan Johar during The Traitors
Businessman, and actress Shilpa Shetty 's husband, Raj Kundra is all set to commence a new journey as one of the contestants on Prime Video's unscripted series, "The Traitors", which will have Karan Johar as the host. Talking at the trailer launch, Kundra reflected on his strategy for the show. He shared that his masked appearances might help him during the show. "Whenever I've worn a mask in my life, people have wondered what it is I am hiding. That mystery might help me in this game. This is a show of the Kalyug, where you will not be able to make out your friends from the foes," he shared. Kundra added laughing that since the show is being hosted by Karan Johar, he fully intends to use the "nepo husband" card. Aside from Kundra, the show will also have Anshula Kapoor, Apoorva, Ashish Vidyarthi, Elnaaz Nourouzi, Harsh Gujral, Jannat Zubair, Janvi Gaur, Jasmine Bhasin, Karan Kundrra, Lakshmi Manchu, Maheep Kapoor, Mukesh Chabbra, Nikita Luther, Purav Jha, Raftaar, Sahil Salathia, Sudhanshu Pandey, Sufi Motiwala, and Uorfi Javed as participants. Set in the Royal Suryagarh Palace in Rajasthan, the show will have the 'innocents,' trying to eliminate the 'traitors' from among them. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like กำลังเทรดสกุลเงิน THB หรือ USD อยู่หรือเปล่า? IC Markets สมัคร Undo Before this, Anshula garnered a lot of eyeballs with her remark "acting toh mere khoon mai hai na" during the trailer launch event. When asked, "Would you be able to betray someone to get ahead in the game?" Anshula said, "You called me innocent and calm, I may look innocent and calm, I may look cute even, but acting toh mere khoon mai hai na (acting is in our blood). I am killing with confidence, and a little bit of smile on my face, I think that's my forte." The Indian adaptation of the internationally acclaimed thrilling reality show is scheduled to premiere on June 12, with a new episode airing every Thursday at 8 pm. Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .
India Today
3 days ago
- Entertainment
- India Today
90-year-old devotee builds replica of Tirumala Temple in Andhra Pradesh
0:38 At the trailer launch of The Traitors, Raj Kundra reflected on how public perception of his masked appearances might play to his advantage on the reality show. 'Whenever I've worn a mask, people have wondered what I'm hiding. That mystery might help me in this game,' he said. Calling The Traitors a show of deception and strategy, Kundra added with a laugh that he might even use the 'nepo husband' card, since the show is hosted by his brother-in-law, Karan Kundrra.
Business Wire
09-05-2025
- Business
- Business Wire
The Trade Desk Reports First Quarter 2025 Financial Results
LOS ANGELES--(BUSINESS WIRE)--The Trade Desk, Inc. ('The Trade Desk,' the 'Company' or 'we') (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its first quarter ended March 31, 2025. 'We delivered strong results in the first quarter, growing revenue 25% year-over-year to $616 million,' said Jeff Green, Co-founder and CEO of The Trade Desk. 'We're encouraged by the early impact of the strategic upgrades at the company we implemented in Q4, which contributed to our outperformance. As we build on this momentum, we're optimistic about our ability to continue to outpace the market and deliver increasing value to marketers who prioritize objective, transparent, and data-driven media buying on the open internet.' Mr. Green continued, 'Amid increased macro volatility to start the year, 2025 is shaping up as an important time for marketers. Leading marketers are looking for ways to embrace the open internet, where their consumers are spending most of their time, to drive business differentiation and growth. Kokai is giving them more power than ever to accomplish that, in stark contrast to the many limitations of walled gardens. As a result, The Trade Desk is well positioned to help our clients succeed and capture greater share by harnessing the full power of the open internet.' First Quarter 2025 Financial Highlights: The following table summarizes the Company's unaudited consolidated financial results for the three months ended March 31, 2025 and 2024 ($ in millions, except per share amounts): First Quarter and Recent Business Highlights: Strong Customer Retention: Customer retention remained over 95% during the first quarter, as it has for the past eleven consecutive years. Vivek Kundra joins The Trade Desk as Chief Operating Officer. Kundra brings deep operational expertise from leading high-growth software organizations, including Salesforce, where he served as Executive Vice President and helped drive the company's revenue from $2 billion to over $8 billion through strategic industry expansion and enterprise transformation. As the first Chief Information Officer of the U.S. Government, Kundra oversaw $80 billion in technology investments, spearheaded the federal government's move to the cloud, strengthened national cybersecurity, and launched a global open data initiative. In his role at The Trade Desk, Kundra will lead global operations and drive operational excellence as the company continues to scale and expand its leadership in data-driven advertising. Continued Collaboration and Support for Unified ID 2.0: The Trade Desk is building support for Unified ID 2.0 (UID2), an industry-wide approach to identity that preserves the value of relevant advertising, while putting user control and privacy at the forefront. UID2 is an upgrade and alternative to third-party cookies. Recent partnerships and pledges of integration and support include: Perion announced its adoption of UID2 to enable advertisers to reach authenticated audiences with precision. Toyo Keizai, a prominent Japanese publisher, announced its adoption of UID2 to deliver more relevant advertising that strengthens user trust and enhances the value of its first-party data for advertisers. Piemme, one of the leading media platforms in Italy, announced its adoption of EUID to help publishers effectively monetize their inventory by accurately identifying audiences in a privacy-conscious, future-proof way. OpenPath: OpenPath gives our clients a simplified, direct connection to participating premium publishers across the open internet. By supporting an objective, transparent supply path, OpenPath helps maximize value for everyone involved. Recent partnerships and pledges of integration and support include: Warner Bros. Discovery has integrated OpenPath to drive more direct, transparent, and efficient demand to its news properties. The Guardian has integrated OpenPath to streamline programmatic ad sales across key markets, giving advertisers direct, transparent access to its inventory (UK). NY Post integrated with OpenPath and in one year saw inventory fill-rate increase by 8.6x and revenue across programmatic web display increase by 97%. Acquired Sincera: The acquisition of Sincera closed in Q1. There is no revenue associated with the acquisition of Sincera. Sincera is a leading digital advertising data company that provides objective, actionable insights to the advertising ecosystem. Integration of Sincera's tools with The Trade Desk platform will help advertisers gain a clearer perspective on what they are buying so they may better value those impressions. Share Repurchases: The Company used $386 million of cash to repurchase its Class A common stock in the first quarter of 2025. As of March 31, 2025, the Company had $631 million available and authorized for repurchases. Financial Guidance: Second Quarter 2025 outlook summary: Revenue at least $682 million Adjusted EBITDA of approximately $259 million The Company has not provided an outlook for GAAP net income or reconciliation of Adjusted EBITDA guidance to net income, the closest corresponding U.S. GAAP measure, because net income outlook is not available without unreasonable efforts on a forward-looking basis due to the variability and complexity with respect to the charges included in the calculation of this non-GAAP measure; in particular, the measures and effects of our stock-based compensation expense that are directly impacted by unpredictable fluctuations in our share price. The Company expects the variability of the above charges could have a significant and potentially unpredictable impact on our future U.S. GAAP financial results. Use of Non-GAAP Financial Information Included within this press release are the non-GAAP financial measures of Adjusted EBITDA, Adjusted EBITDA margin, Non-GAAP net income and Non-GAAP diluted earnings per share ('EPS') that supplement the Condensed Consolidated Statements of Operations of the Company prepared under generally accepted accounting principles (GAAP). Adjusted EBITDA is net income before depreciation and amortization expense; stock-based compensation expense; interest income, net; and provision for income taxes. Adjusted EBITDA margin is Adjusted EBITDA divided by revenue, and Adjusted EBITDA margin's closest corresponding U.S. GAAP measure is net income margin, which is GAAP net income divided by revenue. Non-GAAP net income excludes charges and the related income tax effects for stock-based compensation. Tax rates on the tax-deductible portions of the stock-based compensation expense approximating 25% to 30% have been used in the computation of non-GAAP net income and non-GAAP diluted EPS. Reconciliations of GAAP to non-GAAP amounts for the periods presented herein are provided in schedules accompanying this release and should be considered together with the Condensed Consolidated Statements of Operations. These non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The Company's management believes that this information can assist investors in evaluating the Company's operational trends, financial performance, and cash-generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company's financial performance using some of the same measures as management. However, the non-GAAP financial measures should not be regarded as a replacement for or superior to corresponding, similarly captioned, GAAP measures and may be different from non-GAAP financial measures used by other companies. First Quarter 2025 Financial Results Webcast and Conference Call Details When: May 8, 2025 at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time). Webcast: A live webcast of the call can be accessed from the Investor Relations section of The Trade Desk's website at Following the call, a replay will be available on the Company's website. Dial-in: To access the call via telephone in North America, please dial 888-506-0062. For callers outside the United States, please dial 1-973-528-0011. Participants should reference the conference call ID code '630300' after dialing in. Audio replay: An audio replay of the call will be available beginning about two hours after the call. To listen to the replay in the United States, please dial 877-481-4010 (replay code: 52337). Outside the United States, please dial 1-919-882-2331 (replay code: 52337). The audio replay will be available via telephone until May 15, 2025. The Trade Desk, Inc. uses its Investor Relations website ( its X feed (@TheTradeDesk), LinkedIn page ( Facebook page ( and Jeff Green's LinkedIn profile ( as a means of disclosing information about the Company and for complying with its disclosure obligations under Regulation FD. The information that is posted through these channels may be deemed material. Accordingly, investors should monitor these channels in addition to The Trade Desk's press releases, SEC filings, public conference calls and webcasts. About The Trade Desk The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe and Asia Pacific. To learn more, visit or follow us on Facebook, X, LinkedIn and YouTube. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to expectations concerning matters that (a) are not historical facts, (b) predict or forecast future events or results, or (c) embody assumptions that may prove to have been inaccurate, including statements relating to industry and market trends, the Company's growth and financial targets, such as revenue and Adjusted EBITDA. When words such as 'believe,' 'expect,' 'anticipate,' 'will,' 'outlook' or similar expressions are used, the Company is making forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give readers any assurance that such expectations will prove correct. These forward-looking statements involve risks, uncertainties and assumptions, including those related to the Company's relatively limited operating history, which makes it difficult to evaluate the Company's business and prospects, the market for programmatic advertising developing slower or differently than the Company's expectations, the demands and expectations of clients and the ability to attract and retain clients. The actual results may differ materially from those anticipated in the forward-looking statements as a result of numerous factors, many of which are beyond the control of the Company. These are disclosed in the Company's reports filed from time to time with the Securities and Exchange Commission, including its most recent Form 10-K and any subsequent filings on Forms 10-Q or 8-K, available at Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not intend to update any forward-looking statement contained in this press release to reflect events or circumstances arising after the date hereof. THE TRADE DESK, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands) (Unaudited) As of March 31, 2 025 As of December 31, 2 024 ASSETS Current assets: Cash and cash equivalents $ 1,118,545 $ 1,369,463 Short-term investments, net 621,826 552,026 Accounts receivable, net 3,051,928 3,330,343 Prepaid expenses and other current assets 64,036 84,626 Total current assets 4,856,335 5,336,458 Property and equipment, net 251,019 209,332 Operating lease assets 279,039 263,761 Deferred income taxes 228,948 230,214 Other assets, non-current 90,100 72,186 Total assets $ 5,705,441 $ 6,111,951 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 2,398,948 $ 2,631,213 Accrued expenses and other current liabilities 210,813 177,760 Operating lease liabilities 72,301 64,492 Total current liabilities 2,682,062 2,873,465 Operating lease liabilities, non-current 262,667 247,723 Other liabilities, non-current 44,028 41,618 Total liabilities 2,988,757 3,162,806 Stockholders' equity: Preferred stock — — Common stock — — Additional paid-in capital 2,712,166 2,594,896 Retained earnings 4,518 354,249 Total stockholders' equity 2,716,684 2,949,145 Total liabilities and stockholders' equity $ 5,705,441 $ 6,111,951 Expand THE TRADE DESK, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) (Unaudited) Three Months Ended March 31, 2025 2024 OPERATING ACTIVITIES: Net income $ 50,678 $ 31,660 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 23,985 21,742 Stock-based compensation 128,253 110,620 Noncash lease expense 16,962 12,751 Provision for expected credit losses on accounts receivable 492 40 Other (11,876 ) 1,125 Changes in operating assets and liabilities: Accounts receivable 282,336 238,147 Prepaid expenses and other current and non-current assets 20,018 3,331 Accounts payable (234,666 ) (220,196 ) Accrued expenses and other current and non-current liabilities 29,105 (104 ) Operating lease liabilities (13,854 ) (13,644 ) Net cash provided by operating activities 291,433 185,472 INVESTING ACTIVITIES: Purchases of investments (231,580 ) (159,731 ) Maturities of investments 165,114 147,794 Purchases of property and equipment (59,113 ) (7,224 ) Capitalized software development costs (2,660 ) (1,958 ) Business acquisition (4,350 ) — Net cash used in investing activities (132,589 ) (21,119 ) FINANCING ACTIVITIES: Repurchases of Class A common stock (386,250 ) (125,280 ) Proceeds from exercise of stock options 7,940 10,804 Taxes paid relating to net settlement of restricted stock awards (31,452 ) (26,806 ) Net cash used in financing activities (409,762 ) (141,282 ) Increase (decrease) in cash and cash equivalents (250,918 ) 23,071 Cash and cash equivalents—Beginning of period 1,369,463 895,129 Cash and cash equivalents—End of period $ 1,118,545 $ 918,200 Expand
India.com
08-05-2025
- Business
- India.com
The Raj Kundra Story – Turning Setbacks Into Comebacks
New Delhi: Life is like riding your boat in the sea of storms, and living means finding every way you can, to sail your boat through. And it's not how successful you are, or how rich, or how talented – it's about how resilient you are – that helps you navigate the complexities of life. In the words of Harivansh Rai Bachchan, 'Lehron se ladke nauka paar nahin hoti, koshish karne waalon ki kabhi haar nahin hoti.' (You can't sail your boat by fighting with the waves, the ones who try can never be defeated). In the end, it becomes all about trying and being resilient in the face of every adversity. And all of this is not a textbook theory or something we just watch in films, but it's the reality of so many people living amongst us. And one such person who has been fighting to pave his way through every storm is Raj Kundra, a British-Indian businessman and an incredible actor. He was ranked as 198th richest British Asian by Success. He was also among the promoters of – Best Deal TV, an online and TV broadcast platform capitalizing on celebrity endorsements. At the same time, his involvement in social change has been commendable. He was awarded with 'Champions of Change Award' by Pranab Mukherjee, the former President of India for his involvement with Swachh Bharat Mission. But there's more to him than meets the eye. His journey didn't begin with a silver spoon. He transformed his humble beginnings into glorious success. He was born in a middle-class family where his father was a bus conductor in London and mother worked as a shop assistant. It was at the age of 18 when Kundra decided to get into the business of selling pashmina shawls in Britain and that was the beginning of his life as an entrepreneur. Eventually in 2007, he moved to Dubai and set up a business that dealt with precious metals, mining and renewable energy projects. And not just that, he also had his foot inside the entertainment industry where he financed and produced Bollywood films. But life has its way of throwing challenges our way. Kundra's journey was no different. His life got upside down too. He was arrested in July 2021 and spent two months in jail. Eventually in September 2021, he was released on bail. But those 2 months changed his life forever. He faced humiliation, the media was behind his wife, children and parents and he himself was in a trap from which he felt like there was no way out. But just like the protagonist of every film, he didn't let the setbacks hold him for longer. 'I decided to not only come out of the real-time prison, but also the prison made by the society. I knew that I can't let things happen and I must take matters into my own hands. So I got back. For myself, for my wife, my children, my parents and for every person who has been in my shoes,' says Raj Kundra. Through this hard journey, Kundra embraced strength and resilience reminding us that life never ends. There's always a way. Very soon, Raj Kundra wrote and starred in his film – UT69. The film gives us a glimpse into the 63 days he spent inside India's most crowded jail – Arthur Road Jail. It not only showcases the hardships endured by Kundra but also gives us a glimpse of life of jail inmates and throws light on the situations they live under. Raj Kundra went beyond his own experience and also has another film lined up for release this year – Mehar. It's directed by Rakesh Mehta, and produced by Divvya Bhatnagar and Raghu Khanna. It's going to be released on September 5th, 2025 and is already in the watchlist of so many cinebuffs. It's a heartfelt family drama that also revolves around love, friendship and life. Throwing light on his life, Raj Kundra says, 'People are always going to say things. Wrong stuff will always come your way. But you always have the chance to rewrite your setbacks into comebacks. One of the lines I always remember during these times is by Maya Angelou: ' You may write me down in history, with your bitter, twisted lies. You may trod me in the very dirt. But still, like dust, I'll rise. ' Raj Kundra's story of strength reminds us of the Phoenix inside us. It might burn down, but from its ashes, it always comes back to life. Disclaimer: Consumer Connect Initiative
