India surpasses US to become second largest internet market: Report

India has surpassed the US as the world’s second-largest internet market and internet user growth remains consistent led by acceleration in India, a new report has said.

According to venture capitalist and analyst Mary Meeker, who released the annual “Internet Trends Report 2016” at the Code Conference in California on Wednesday, the smartphone user and shipment growth have slowed in India.

India has low internet penetration — nearly 30 per cent — among the population and also low cost of smartphones have resulted in slowdown of smartphone user and shipment growth.

According to the report, the average cost of a smartphone in India is $158 which is among the lowest in the world.

India has been branded as a mobile-only market as over 300 million of its estimated 400 million internet users access the Internet only through mobile devices.

The report, prepared by Meeker who is an analyst at the US-based venture capital firm Kleiner Perkins Caufield & Byers, also mentioned that “internet advertising continues to grow, but so does ad-blocking, pushing the envelope on development of more innovative ad formats“.

Internet will need to be overhauled as adblockers were installed on 420 million smartphones, growing at 94 per cent year-on-year. This growth is driven by users in India, China and Indonesia.

The report noted that new online-first brands have rapidly grown in popularity for the millennial generation.

In communication, video and images shared are growing as a means of storytelling and messaging has evolved from simple, expressive conversation to business-focused use cases, with Asian platforms often leading the way.

More efficient and often more convenient than typing, voice-based interfaces are ramping quickly and creating a new paradigm for human-computer interaction, the report noted.

Source: Business Today

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Tata Steel’s Q4 loss at Rs 3,214 cr

Tata Steel has reported a consolidated loss of Rs 3,214 crore in the March 2016 quarter against a loss of Rs 5,674 crore in the year-ago period, owing to lower net sales and exceptional items impairment charges taken on restructuring of Europe operations and employee separation compensation in India.

Tata

The company, India’s largest steel producer, however, did not make any announcement on the sale of its UK assets.

Its consolidated net sales for the March 2016 quarter declined 12.5 percent on a year-on-year (y-o-y) basis to Rs 29,164 crore in the March quarter as deliveries slipped owing to the closure of some units at Tata Steel UK operations.

According to Bloomberg estimates, the company’s bottom line was expected to report a loss of Rs 979 crore, while the top line was expected to be at Rs 30,337 crore.

The firm’s revenue and net profit numbers were lower than Bloomberg estimates, but its earnings before interest, taxes, depreciation and amortisation (Ebitda) at Rs 2,270 crore was higher than the estimated Rs 1,367 crore. Its Ebitda in the March 2015 quarter was Rs 1,580 crore.

While the pressure on product prices continued during the quarter both in India and Europe, our operations were more resilient across most geographies,” said Koushik Chatterjee, group executive director (finance and corporate), at Tata Steel.

The total impairment charge taken by the company in the quarter under review stood at Rs 2,858 crore. In the March 2015 quarter, it had taken an impairment charge of Rs 4,476 crore.

For 2015-16, Tata Steel’s loss increased to Rs 1,674 crore from Rs 1,388 crore in the previous year. Deliveries of the commodity stood at 6.94 million tonnes (mt), down 1.7 per cent from 7.06 mt a year ago.

The company’s Ebitda per tonne in the period under review stood at Rs 3,200 against Rs 2,700 in the corresponding period a year ago.

As on March 31, the company’s consolidated net debt stood at Rs 74,000 crore.

There is no significant repayment for both domestic and Europe operations and, hence, we do not see need for further refinancing as of now,” said Chatterjee.

The company plans to spend under Rs 10,000 crore in capital expenditure for the current financial year, most of which would be towards sustenance capital of India, southeast Asia as well as European operations. In the year ended March 2016, the company’s capex stood at Rs 11,486 crore with about Rs 3,600 crore spent on the Kalinganagar unit. Tata Steel said it would grow its domestic volumes by five or six per cent in FY17.

On the status of its UK asset sale, Chatterjee said the process is on as some bidders have sought clarification. “No bidder has been short-listed yet and evaluations are on,” he added.

All you need to know about Salman Khan-Rio Olympics 2016 controversy

 

Salman Khan with Sardar Singh and Mary Kom

Salman Khan was named goodwill ambassador of the Indian contingent for the upcoming Olympic Games in Rio de Janeiro, but this decision has come with subsequent negative and positive reactions.
Speaking on this new association with IOA Salman said, “I am honoured that Indian Olympic Association has chosen me as the goodwill ambassador for the Indian contingent for the Rio 2016 Olympic Games.

 

It is a matter of great national pride that our athletes are performing better and better at the Olympic Games and I think we should all join hands in giving them every support and cheer for them so that Rio 2016 becomes our best Olympic tally.
However, post this announcement there has been outrage from fellow athletes as well as social media. Seeming like unnecessary film promotion for Khan’s upcoming film Sultan, the Indian Olympic Associaton’s decision has not been received well.

Negative Reactions

At the forefront of the criticism of the appointment of Salman Khan as the ambassador are Milkha Singh and Yogeshwar Dutt.
While Milkha Singh said that he has nothing personal against Salman, he would have preferred if a fellow sportsman was picked instead.
I am of the view that our sportspersons — be those from shooting, athletics, volleyball or other sports — are the real ambassadors of India who would represent the country in the Olympics. Still, if we had to pick an ambassador, it could have been from the sporting arena,” the 85-year-old legend.
I want to make it clear that I am not against Salman Khan, but the decision of the IOA is wrong and the Government should intervene in the matter. This is for the first time I am seeing a Bollywood hero being made goodwill ambassador for Olympics. I want to ask, has Bollywood ever made any sportsperson an ambassador for any of their mega events?” he said, adding, “I want that the decision to name Salman Khan as ambassador be revised.
Meanwhile Yogeshwar Dutt, the London Olympics bronze-medallist, said he cannot understand what purpose such an appointment will serve for the athletes.
Everybody has the right to promote movies in India, but Olympics is not a place to promote films,” Yogeshwar tweeted in Hindi. “Can anyone tell me what is the role of goodwill ambassador? Why are you fooling the public?” he added.
The country needs medals, not sponsors,” said Dutt, on twitter.

Dilip Kumar, Saira Banu Prove That Love Is Timeless

The entire Bollywood industry and fans of veteran actor Dilip Kumar went into a tensed state when news of the actor being in an ICU broke. Ending all speculations and asking people to be stay calm, actor’s wife and actress Saira Banu shared a post saying that Kumar is fine and stable.

 

dilipsaira

An adorable picture of the yesteryear’s couple is doing rounds on social media. In the picture, now recovering Dilip Kumar is seeing resting while Saira Banu sits beside him, smiling for the camera. The couple has been together for more than 59 years and their bond seems to be strengthened with time.

Dilip Kumar and Saira Banu worked in six films together before tying the knot in 1966. The 93 years old actor is dealing with health problems and Banu has always been his rock, giving him strength to recover faster.

Well, this ageless couple definitely gives serious relationship goals to everybody out there.

Dilip Kumar, 93, Hospitalised; Doctors Say Next 72 Hours ‘Crucial’

Screen legend Dilip Kumar was taken to Mumbai’s Lilavati Hospital on April 16 after complaining of respiratory problems. The 93-year-old actor has now been moved out of the Intensive Care Unit or ICU but is being closely monitored because of his age. Dilip saab has been in and out of hospital over the last two years.dilip-kumar

The next 72 hours are crucial. He is under observation. We are keeping a close watch. He might have to be shifted to the ICU. It takes time for a patient to respond to the treatment in the same way as it takes three hours for the food to digest.” Dr Jalil Parkar told news agencies.

Dilip saab was taken to Lilavati Hospital in Bandra on Saturday around 2-2.30 am, hospital sources said.

Dr Parkar said that Dilip saab had fever and had vomited a few times. “He was suffering from pneumonia as well. His white blood cells had shot up. We thought it would be better to admit him to hospital.

Sources close to the family said that there was nothing to worry about. “He is normal. He is fine. There is nothing like that,” they said, when asked whether the actor was in a serious condition.

Dilip Kumar was born Mohammad Yusuf Khan and his six-decade career is studded with acclaimed classics such as Madhumati, Devdas, Mughal-e-Azam, Ganga Jamuna, Ram Aur Shyam and Naya Daur.

Dilip saab, who married actress Saira Banu in 1966, is well-known for playing tragic heroes in films like Andaz, Baabul, Mela, Deedar and Jogan. He was last seen in 1998 film Qila.

Dilip Kumar’s many awards include the Padma Vibhushan, which he received in 2015. He was honoured with the Padma Bhushan in 1991 and the Dadasaheb Phalke Award in 1994. He was the first winner of the Filmfare Best Actor award – for 1956’s Azaad – and shares the record for the most wins – eight – with Shah Rukh Khan. Dilip saab also received the Filmfare Lifetime Achievement award in 1993.

Snapped: Aishwarya-Ranbir romance on streets of Austria

Mumbai: After making a splash in London, Ae Dil hai Mushkil co-stars Ranbir Kapoor and Aishwarya Rai Bachchan were once again spotted on the sets, this time in Austria, filming a romantic sequence.

While Ranbir was last seen in 2015’s ‘Tamasha‘, Aishwarya made a comeback with ‘Jazbaa‘ the same year. The two been paired opposite each other and going by the pictures that have surfaced on the internet, the chemistry shared between the duo is hard to miss.

We also got our hands on a few pictures where Ranbir and Anushka are filming their scenes. Few days ago, it was revealed that Fawad Khan and Anushka will be playing the Pakistani lovebirds in the flick.

A source close to the film revealed that Anushka and Fawad are from Karachi, who meet each other in a foreign country. Fawad is a DJ, while Anushka comes from a nawabi family.

Ash Ranbir.jpgThe insider added, “The two fall in love abroad but once they come back to Karachi and Fawad approaches Anushka’s family to ask for her hand, he is ridiculed for belonging to a lower class, an entertainer by profession, and sent away. A dejected Anushka leaves her home too.

Ash.jpgAnushka and Ranbir gear up to give their shot.

Karan Johar is returning to the director’s chair after a gap of three years with this movie. His last venture as a director was ‘Student Of The Year’ which released in 2012.

Priyanka Chopra bags her 2nd Dadasaheb Phalke Award

photoShe ain’t stopping yet! After taking over the West with a storm, Priyanka Chopra has got yet another feather to add in her hat.
The 33-year-old actresses will be soon awarded with the prestigious Dadasaheb Phalke Award in the category of Best Actress of the Year. Priyanka will be given this award for her character Kashibai in Sanjay Leela Bhansali’s magnum opus ‘ Bajirao Mastani.’ Expressing her excitement over the same, the ‘Quantico’ star took to her Twitter handle and wrote, “So grateful.. The #DadasahebPhalkeAward is such an honour. #BajiraoMastani #blessed.” The 147th Dadasaheb Phalke Jayanti will take place in Mumbai on April 24.