Netflix price cuts hotting up streaming war in india

The Netflix price cuts hotting up straming war in india as data costs go up. Netflix being an american media service provider and production company offering online streaming of films is facing a price war in India as a jump in the cost of watching video on mobile phones threatens to slow demand in what is shaping up as a key growth market globally for streaming.  

Being cheap broadband, a well established film culture is targeting 100 million subscribers in the country almost 25 times the customer base as of this year.  but an increase in data cost has brought down a slowdown in the economy, making customers more sensitive to how much they pay for content, just like players of apple and amazon . 

Free services like tiktok and social media sites will take a irect hit as it becomes more expensive to watch on netflix .

Cheif executive  officer has said that the company wants to become "more indian"in its content offering and plans to spend as much as $420 million to create local TV and films.

 Disneys hotsatr has drawn hundreds of millions of active users to exclusive sports programming expecially cricket, the nations most popular games.

"This is a challenge that will affect growth, as the  mobile data boom has been a big factor driving adoption in india". Netflix is already trying to get ahead of the move , slashing prices by as much as half for subscribers that commit to atleast three months.

Donald Trump impeached on two counts by House

The Democratic Party, on Friday impeached President Donald Trump on two counts, abuse of power and obstructing congress. This has further divided the U.S. population on the two incompatible political ideologies. The 2019 elections to the House of Representatives had initially, allowed the democrats to achieve a good majority, the impeachment was a result of all but 2 of the democratic representatives voting for impeachment. A senate trial is to be held early next year to decide, if Trump should remain in office. The Grand Old Party (GOP, Republicans) have a good majority control over senate and Trump is likely to remain in office. Any long-term consequences of this will be seen as early as next year during the 2020 presidential elections.

               The calls for impeachment began more than 2 years ago, when the first reports by U.S. intelligence showed signs of Russian interference in the 2016 elections. The Speaker for the House Nancy Pelosi (democrat) staved of these demands until the accusations of abuse of power arose. Donald Trump stands accused of collaborating with the Turkish Government for information on his political rival Joe Biden, a democratic frontrunner (for 2020). Two of the 31 Democrats, Collin Peterson of Minnesota and Jeff Van Drew of New Jersey, voted against impeaching the president. A third, Maine’s Jared Golden, voted for the abuse of power article but against the obstruction. Hawaiian Representative Tulsi Gabbard, though seeking the Democratic presidential nomination, voted present (abstained) on both counts.

               Trump in response, made an angry twitter post. “Any member of Congress who votes in support of impeachment -- against every shred of truth, fact, evidence and legal principle -- is showing how deeply they revile the voters and how truly they detest America’s constitutional order,”. This passionate response is likely to appeal to his support base, as seen throughout his term in office. Trump’s approval rating has yet to fall as of now.

               While this seems like an important issue now, with animated responses from supporters of both parties, it is likely not going to be a focus later on. The cost and availability of U.S. healthcare is going to be the main focus in the 2020 elections, as anyone who had to avail an ambulance service there, are quite aware. The economy is also in decline and the republicans have always maintained that Trump is good for the economy.

Tata group are in advance talks with walmart for taking over 49% stake

 Tata group are in advance talks with Walmart is likely to take 49% stake in its cash and carry business in India.if this happens Walmart which runs business to business ( B2B)wholesale business in India under the best modern advanced wholesale brand,will be able to leverage the Tata group and expand organized in wholesale market.

this will help Tata group to grow its retail expansion plans

   Judith Mckenna,president of Walmart International  who was in     new delhi earlier this month along with Walmart executives  was decided to announce but deal blw two parties was not finalised.

Cryus mistry ,chairman of Tata sons recently said that "the partnership will bring in funds for Walmart India and it will be enable the Tata group to bring domestic cash and carry business .

Walmart currently operates 28 Best Price stores across the country and owns a majority stake in banglore headquartered Flipkart Group, which runs online marketplaces Flipkart and Myntra.  Reports says that Tata group had held discussions with Walmart to an alliance, including the possibility of a joint venture.

 Other than Walmart, the domestic organised wholesale market is currently dominated by Reliance and new entrants, such as Thailand-based Lots Wholesale Solutions. The government allows 100% FDI in the wholesale cash-and-carry business, where players do not sell directly to consumers but to businesses, including ,offices and hotels. Walmart he cash and carry business  in India in 2007 in a joint venture with Bharti Enterprises. Both companies called off the joint venture in 2013.

Three proposal get automatic nod under CCI channel.

    

The Competition Commission under the Government of India, which a statutory body for implementing The Competition Act of 2002, and that aims at preventing activities that have an adverse effect on competition in India.

The CCI has given approval for three proposals under the Green Channel combinations. An initiative that would result in significant reduction of time and cost of transactions. The objective of the Green Channel is to maintain and promote a responsible review of combination matters, and support economic growth.

One of the combinations is related to 100 per cent acquisition of both IDBI Asset Management Ltd (IAML) and IDBI MF Trustee Company Ltd (IMTL) by Muthoot Finance Ltd (MFL). Muthoot Finance Limited, an Indian financial corporation. Muthoot Finance, the country's largest gold financing company, marked its entry into mutual fund asset management space through this combination.

The other combination is the acquisition of Adani Electricity Mumbai Ltd (AEML) and Adani Electricity Mumbai Services Ltd (AEMSL) by Qatar Holding LLC (QH). Qatar Holding LLC (QH) is a global investment house established in 2006, founded by the Qatar Investment Authority (QIA) and licensed by the Qatar Financial Centre Authority (QFCA).

A green channel combination has also been filed in respect of Green Rock, NIIF and Indo-Infra acquisition and control of GVK Airport Holdings Ltd and its subsidiaries — Mumbai International Airport Ltd and Navi Mumbai International Airport Private Ltd.

Buy early and hike periodically

This particular news talks about buying health insurance at a young age. Buying a health insurance is very much important for youngsters specially college graduates and who have just begun to work. It is often a common perception of youngsters that they are too young to purchase insurance simply because they do not possess any health issues at this particular age. While experts counter to this statement is that ‘purchase of health cover should be the first step in a person’s financial planning’. Experts suggest that a 25-year old should purchase a health cover of minimum of Rs 10 lakh and should go bigger if they can afford it. A 25-year old buying a high value policy now will be covered even in his/her 40s.

Advantages of buying a policy early-

• All insurance policies come with a waiting period, which could be about two years for conditions like cancer, cataract, and knee replacement. Therefore, it is best to buy a health insurance early and finish this period while the individual is young and healthy.
• When the person reaches the age of 40 to 45, he or she may contract some diseases then insurers could refuse to insure him or her. If the individual agrees, it may apply a loading on the premium or it may exclude those diseases that the individual already has.
•  Buying a health insurance early also has its monetary benefits. Health insurance policies offer no- claim bonus (NCB) which is an increase in the amount of money insured (10%) for each passing year of no claim.
• Some health insurance providers offer an early-entry discount like Go Active who offers a 10% discount throughout the life of the policy for individuals who buy it before 35 years of age.

Health insurance is generally expensive. Therefore, customers of health insurance must view buying a health insurance so as to reduce the future costs. Instead of going for a base policy, customers must buy a super top-up policy. This is a more cost effective way of attaining a large sum of money insured.  Customers can also reduce the premium of the insurance by doing physical exercise. For example, a major player in the insurance sector, Aditya Birla Health Insurance offers a discount up to 30% on premium to customers who meet fitness-related goals.

Yahoo Japan quits apartment venture with Oyo, offloads 34%

India’s Oyo Hotels and Homes said on Thursday Softbank – controlled Yahoo Japan has quit its Japanese room rental venture, in the latest setback for the fast-growing, money losing startup. Oyo, which is also backed by Softbank Group Corp, said it has bought back the shares in Japanese apartment rental company, Oyo Life, held by internet firm Yahoo Japan, now known as Z Holdings, for an undisclosed amount. Yahoo sold its roughly 30 per cent stake in Oyo Technology and Hospitality Japan, operator of the Oyo Life service, to Oyo in November. The service launched in March, leases vacant homes and rooms from their owners to rent out via its website. It reportedly received multiple complaints from owners about contract issues. While yahoo has not disclosed its reason for leaving the venture, Oyo is believed to be looking to improve the service in light of resolving the capital relationship. Oyo is backed by Japan’s Softbank Group, which also has a stake in Yahoo. Oyo operates a joint venture in its mainstay hotel business in Japan with Softbank’s Vision Fund and Softbank Corp. Hiro Katsuse, who led Oyo Technology and Hospitality when it’s launched, has stepped down as CEO.

Yahoo Japan said it exited the venture Oyo Life, in which it had a 33.9 per cent stake, to focus on other initiatives. The internet firm has led a wave of consolidation in Japan this year, buying online fashion retailer Zozo Inc and scooping up messaging app operator Line Corp. Oyo expanded rapidly in India and abroad by promising to drive up hotel occupancy through its online booking system, but has faced pushback from hoteliers who say they have been blindsided by hidden fees. The startup has been forced to relax expansion targets in Japan, where it launched a hotel business this year that faced complaints over its booking system and promises of payment for room renovations. Softbank, however, remains invested in Oyo’s Japan hotel business, which has expanded by offering hotels minimum revenue guarantees, with Vision Fund and wireless unit Softbank Corp retaining stakes. Yahoo Japan’s exit from the apartment rental venture comes amid widening losses in India for Oyo and projections it may not make a profit there and in China until 2022. Helmed by 26-year old founder Ritesh Agarwal, Oyo is just one Softbank – backed startup where the tech conglomerate’s cash injection has fueled rapid growth but that is under pressure to demonstrate a path to profitability.

High Consumption At Rock-bottom Tariffs Killing Telecom.

Billionaire Sunil Bharti Mittal on Thursday said a combination of rock-bottom tariffs and high consumption is killing the telecom industry and sector regulator Trai needs in urgently intervene to strike a balance between the needs for protecting investments and consumer interest.

 Union Finance Minister Nirmala Sitharaman and her Budget team met representatives of India Inc and trade unions for Pre-budget consultation. Where the industrialists asked the center to take more action in doing business, trade bodies stressed minimum wages, an  income tax ceiling, and pension.The industry representatives of Pre-budget meeting  include Bharti Enterprises Chairman Sunil Bharti Mittal, Confideration of Indian Industry President Vikram Kirlosker and Assocham President Balkrishna Goenka asked officials to “create more freedom for industry to perform.

Several issues where highlighted by the corporate leaders, including income tax roadblocks coming in the way of mergers and acquisitions or showing business.After meeting Mittal told to media person about his view of doing business easy in the country.The idea is to create more freedom for industry to perform. Assocham President Balhrishna Goenka also express his similar view about ease of doing business.

The interaction section lasting over two hours, prominent industrialist spoke about improving regulatory environment to safeguard investments to ease of doing business, increasing export competitiveness, reviving private investment and kick starting growth measures. These are the statements said them after the official meeting.

In  earlier day trade union argued the government to provide a minimum wage of 21000 rupees, minimum pension of 6000 under the employees pension scheme and tax exemption on annual income of up to 10 lakh rupees. The union raise concerns over raising unemployment in the country. During the meeting they suggest about massive investment in infrastructure, social sectors and agriculture would generate employment and Union Budget should take this into priority.

They demanded about the fresh recruitment in all vacant posts in various government departments including railways, PSUs and autonomous institutions. And they suggested the finance minister that ban on creation of new positions and mandatory reduction of government posts should be lifted.