Adani Group repays loan before due date, prepays Ambuja Cements’ debt

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Adani Group has taken another step towards regaining investor trust by repaying this debt. According to previous reports, Adani Group may sell its 4 to 5% interest in Ambuja Cements Ltd to repay the debt.

The American research company Hindenburg’s influence on the Gautam Adani-led Adani Group is rapidly dwindling, and the group is also taking substantial efforts one after the other to recover the faith of its investors. Adani Group has returned the $ 2.65 billion debt ahead of schedule. It also includes the repayment of $500 million from the loan used to acquire Ambuja Cement.

Adani Group made a statement in this respect on Sunday, stating that in order to regain the faith of investors, we have returned the $ 2.65 billion loan ahead of schedule. The deadline was March 31, 2023, but payment was already completed.

According to the statement, the $ 2.15 billion loan was obtained by pledging stocks in the group’s listed firms, while the $ 500 million loan was obtained for the acquisition of Ambuja Cement.

Adani Group, the cement industry’s second largest player, said that the promoters have already invested $ 2.6 billion in the overall acquisition value of Ambuja Cement and ACC Cement, which is $ 6.6 billion. Importantly, the Gautam Adani-led group completed the $10.5 billion acquisition of major Indian cement manufacturers Ambuja Cements and ACC in 2022. As a result, it is now the country’s second largest cement producer.

Before, similar sources said that Adani Group might make a significant choice to return the debt. Adani Group can sell its 4 to 5% interest in Ambuja Cements Ltd under this agreement to alleviate debt. The shareholding is reported to be worth $450 million (Rs 3,680 crore).

Previously, Adani Group stated in a statement that it has returned the Rs 7,374 crore debt by surrendering shares in four of the group’s listed firms. Meanwhile, the amount of premature payment has been increased to $ 2.15 billion. Apart from that, a $ 500 million loan payment for the Ambuja transaction has been added to it. Nevertheless, the company has not disclosed the source of cash used to settle this massive debt.

Hindenburg’s study report was published on January 24, this year; from the very next day, there was a tsunami in the shares of Adani’s firms, and they had to suffer tremendous losses with each passing day. Yet, there has been a significant gain in Gautam Adani’s wealth during the previous ten days due to a high rise in company stocks. The shares have risen further following the US firm GQG Partners’ investment of Rs 15,446 crore in four Adani entities.

HBO Shows &Movies to Vanish from Disney+ Hotstar Soon

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India’s biggest streaming site Disney+ Hotstar will no longer carry HBO series, in an alarming development.

Disney and Hotstar have made a significant decision. HBO programming will be unavailable on the OTT platform beginning March 31. This information was provided by the corporation via their Twitter account. Fans have expressed dissatisfaction with Disney + Hotstar’s move, as it means that you will no longer be able to watch many popular series on this site.

Numerous popular HBO shows were included in Disney + Hotstar. The Last of Us, Succession, Game of Thrones, House of the Dragon, The Wire, The Sopranos, Silicon Valley, and more series are included. The Last Of Us, a recent show, has been a big success.

Let us tell you that Disney + Hotstar only became popular in India because to HBO’s hit programme and the IPL and other cricket competitions.

Nevertheless, you will no longer be able to view IPL matches or HBO series on this platform.

People are outraged by Disney Plus Hotstar’s choice. This may have an impact on the company’s subscription base. The premium membership to Disney + Hotstar now costs Rs 1499.

Users may dislike the membership at this pricing due to the lack of IPL matches and HBO content. Viacom currently owns the IPL rights. It will be shown on Jio Cinema. The FIFA World Cup was also broadcast exclusively on Jio Cinema.

After acquiring the IPL rights, Jio cancelled the Disney + Hotstar subscription from all of its plans. Airtel, like Jio, has eliminated the subscription to Disney PlusHotstar from several of its plans.

In such a case, customers must now subscribe to the OTT platform separately, and the lack of HBO series on that platform would also frustrate users. This might have a direct influence on the company’s subscription base.

Ex-Apple employees’ secretive AI startup Humane bags $100M funding

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Humane, a firm founded by ex-Apple employees, has raised $100 million. Humane also announced a partnership with OpenAI, the producer of AI solutions such as ChatGPT.

Humane Inc, a business created by former Apple Inc workers, announced a $100 million funding round and plans to launch its first products this spring.

Imran Chaudhri and Bethany Bongiorno formed the firm in 2018, and it has already funded $241 million. But, the company has yet to reveal what it is working on, stating only that it is a “software platform and consumer device developed from the bottom up for artificial intelligence.”

According to a corporate video and patent filings, a wearable gadget would display information into the actual environment and allow users to modify it with their hands.

Humane also stated that it is working with OpenAI, the producer of artificial intelligence technologies such as ChatGPT, which can generate human-like conversational prose, and Dall-E, which can make pictures, to incorporate OpenAI’s technology into Humane’s gadget.

According to the firm, Sam Altman, the creator of OpenAI and a former Humane investor, took part in the investment round on Wednesday.

Humane further stated that Microsoft Corp, which has developed a vast cloud computer infrastructure exclusively for AI, participated in the fundraising round.

Humane stated that it will collaborate with Microsoft’s cloud to put its software services platform to market.

Humane also stated that it is collaborating with Korean electronics behemoth LG Electronics Inc on “potential (research and development) projects for the next phase of Humane products,” as well as with Volvo Cars’ Tech Fund on “a potential future collaboration that would be the first instance of Humane’s contribution being useful to the automobile industry.”

Indian Bowlers Ready to Practice with Duke Ball Ahead of WTC Finals

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The Indian team is sending Duke balls to fast bowlers as preparation for the upcoming World Test Championship (WTC) final, which is set to take place at the Oval from June 7 to 11.

Captain Rohit Sharma, after a 2-1 Test win against Australia, informed that the team is planning an early departure to England. SG Test balls are the balls of choice for Test matches at home in India, while Duke balls are used in England. After the three-match ODI series against Australia, Indian players will be participating in the Indian Premier League (IPL) which runs for two months beginning March 31.

With the WTC final just nine days after the IPL final, Sharma was asked about the difficulty of adapting to such different conditions and formats. “It’s quite critical for us,” Sharma said. “We will be in constant touch with our players who are going to be part of the WTC final, and monitor their workload.” He added that, aside from one or two players, the rest of the team has experience playing in England and shouldn’t have a problem acclimatising in a short period.

The Indian team management will be closely monitoring the players who make it to the WTC squad and preparing plans accordingly. In its review meeting earlier this year, the Indian board had shortlisted 20 players who will be rotated until the 50-over World Cup. The BCCI also announced that it would be working with the IPL franchises to monitor the workload of the targeted Indian players participating in the IPL 2023.

Mukesh Ambani’s empire grows as RIL acquires 2 polyester companies

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Reliance Petroleum Retail Limited signed definitive agreements to acquire Shubhalakshmi Polyesters Limited (SPL) and Shubhalakshmi Polytex Limited’s polyester businesses for cash considerations of Rs 1,522 crore and Rs 70 crore, respectively, totaling Rs 1,592 crore in a slump sale on a going concern basis.

Reliance Polyester Ltd, a subsidiary of Reliance Industries, has completed the acquisition of Shubhalakshmi Polyesters Limited and Shubhalakshmi Polytex Limited’s polyester businesses.

RIL alerted investors of its transaction through a stock market filing.

Last year, Reliance Petroleum Retail paid Rs 1,522 crore and Rs 70 crore in cash for Shubhalakshmi Polyesters (SPL) and Shubhlakshmi Polytex (SPTex), respectively.

The Competition Commission has approved Reliance Polyester Ltd’s purchase of Shubhalakshmi Polyesters Ltd and Shubhalakshmi Polytex Ltd on October 20, 2022.

SPL and SPTex are largely involved in the manufacture and distribution of polyester goods, whilst RPL is primarily involved in the production and distribution of specific petrochemical products and polyester yarns.

Shubhalakshmi Polyesters has two production plants, one in Dahej, Gujarat, and the other in Silvassa, India (Dadra and Nagar Haveli). Moreover, Shubhalakshmi Polytex has a texturised yarn manufacturing factory in Dahej.

All you need to know about Oscar 2023 winner RRR’s

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The Oscar winning song ‘Naatu Naatu’ from SS Rajamouli’s film ‘RRR’ has created history in Indian cinema, but the hard work behind the shooting of this song is known to many.

Together with the song, dancing says a lot in the Indian film ‘RRR‘, the tale of the filming of the song Naatu Naatu of ‘RRR’ has done a lot of hard work and it is believed that hard effort pays off. Many are inspired by the tale depicted in this song. The song Naatu Naatu from SS Rajamouli’s film RRR received the Academy Award. Receiving an Oscar nomination for Best Original Song for RRR’s NaatuNaatu song is a source of pride for the entire country, as well as joy for the film’s stars, producers, and directors.

Behind the Scenes of the song Naatu Naatu from the film ‘RRR’ became popular on social media a while back. In the video, actors Ram Charan and Jr NTR can be seen dancing energetically. Much labour and attempts have been undertaken to improve the music.

To create the ultimate dancing video, each step was filmed many times. The film has put in a lot of effort to portray Indian culture in the song, and stars Jr. NTR and have worked hard to polish their dancing techniques on the song.

The Behind the Scenes of this song show that, in addition to the performers Junior NTR and Ram Charan, the entire staff worked really hard. Every step has been practised on the rhythms of the music to ensure that there are no errors.

Let us tell you that Rahul Sipliganj and Kaal Bhairava sing the song ‘Natu Natu’ jointly. On November 10, 2021, the lyrical version of this song was published. Full Video Music, on the other hand, was published on April 11, 2022. The same song was released as ‘Naattu Kothu’ in Tamil, ‘Halli Naattu’ in Kannada, ‘Karinthol’ in Malayalam, and ‘Naacho Naacho’ in Hindi.

Wedding on tractors attracts Anand Mahindra’s attention, shout-out

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Anand Mahindra’s ‘baraat’ shoutout from a top Swaraj Tractors in Punjab. As the wedding procession moved on, family members on the tractors danced for the cameras.

When most people think of a baraat or bridal procession, they see guests dancing to the rhythms of joyful music as they move towards the wedding destination. A family in Punjab, on the other hand, took out their baraat on a fleet of 12 tractors.

A video of this unusual wedding procession has gone viral after being shared on Twitter by Sudhir Kumar (@sudhir1544) on March 7. According to the tweet, the wedding took place in the family that owns the Swaraj Tractors shop in Panjab’s Sangrur.

Swaraj Tractors, which was founded in 1974, is credited with manufacturing India’s first indigenous tractor. The agricultural machinery and tractor firm was acquired by the Mahindra Group in 2007.

This isn’t the first time tractors have been used in weddings. Bharti Targe of Madhya Pradesh arrived at her wedding location on a tractor in June of last year. A video of this outlandish bride’s entrance went popular on social media.

Sumit Dhull of Karnal ditched his fancy automobile and drove a tractor to his wedding in December 2020 to express sympathy for farmers protesting the now-scrapped agricultural legislation.

Rani Mukerji says she will work with other producers as her hubby works with many actresses

‘Mrs Chatterjee Versus Norway,’ directed by Ashima Chhibber, stars Rani Mukerji. On March 17, the film will be released in theatres around the country.

Rani Mukerji and Karan Johar were spotted today with producer Nikkhil Advani for the project ‘Mrs Chatterje Vs Norway’. Around this time, he also addressed several media queries. The plot of Rani Mukherjee’s upcoming film ‘Mrs Chatterjee versus Norway’ is based on a genuine occurrence, and there has been a lot of talk about it since the release of its trailer. Sagarika Bhattacharya’s true life inspired Rani Mukerji’s film. Rani Mukherjee stated that she has yet to meet Sagarika, the subject of the film.

Rani Mukherjee stated that while portraying this part, she had her mother consider how her mother, Krishna Mukherjee, would have handled the situation if she had been in it. Rani Mukherjee stated that she cannot bear the thought of ever being apart from her daughter Adira.

Rani Mukherjee stated that she is open to working with any production company as long as the story is excellent. Rani Mukherjee claims that if her husband can work with other actresses, why can’t she work with various producers? Aditya Chopra thanked him with a hug and expressed his joy at becoming a parent after viewing this image. Nikhil Advani stated that he received a call from Norway and was questioned why he did not shoot in Norway.

Let us remind you that in 2011, Sagarika Bhattacharya and her husband were accused of placing their three-year-old son Avigyan and one-year-old daughter Aishwarya on their bed, not giving them the proper food, and not dressing them appropriately. Following that, the Norwegian authorities took control of both children.

Assam enters Guinness World Records with 42.9 Lakh tributes to Ahom General

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Assam Chief Minister Himanta Biswa Sarma expressed appreciation to schoolchildren and others who sent tributes to the Ahom General, sharing a photo of himself getting the Guinness World Records award.

As an homage to famed Ahom commander Lachit Barphukan, Assam has set a world record for the largest online photo album of handwritten messages. To honour Lachit Barphukan’s 400th birth anniversary on February 1st, 2023, the Govt. of Assam (India) held the biggest online picture book of handwritten notes by means of 42,94,350 photos in it, according to Guinness World Records.

Assam Chief Minister Himanta Biswa Sarma expressed appreciation to schoolchildren and others who sent tributes to the Ahom General, sharing a photo of himself getting the Guinness World Records award.

Last November 23, the Assam government began commemorating the 400th birth anniversary of the
renowned hero in New Delhi.

According to the reports, the entries for the world record attempt were posted to a webpage between October and November of last year. While there were entries in over 25 languages, handwritten notes were only kept for the record. Lachit Barphukan was born in 1622 on November 24th.

Lachit, the Ahom leader, commanded the army at the Battle of Saraighat, which ended the Mughal invasion headed by Ramsingh I. On January 23, 1663, Ahom King Jaydhway Singha signed the Ghilajharighat Treaty with the Mughals commanded by Aurangazeb. Chakradhway Singha, his successor, planned for a full-fledged battle to reclaim the lost land, and Lachit Barphukan was chosen as the leader and given the position of Barphukan (commander) in 1667.

He launched a vigorous campaign, attacking and destroying many Mughal outposts until he secured possession of the fort for two months. He skillfully ensured that the Mughals evacuated the area. The Lachit Barphukan gold medal, established in 1999, is given to the top cadet from the National
Defence Academy.

How you can choose the right educational app for your child

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Technology has become a commonly utilised instrument for closing educational disparities and promoting fairness. As a result, several apps and new technologies have flooded the market. Some applications are designed to entertain, while others are designed to educate. While choosing educational applications, parents should examine factors such as “gamified” apps, which mix game-like features into instructional exercises.

Technology has become a frequently utilised instrument throughout the world to overcome educational inequalities and promote fairness by increasing access to learning. As a result, several apps and new technologies have flooded the market.

Some applications are primarily meant for pleasure, while others are primarily intended for instruction. What factors should parents consider when picking educational applications for their children if they want to use screen time to improve their children’s learning? Is it useful to use “gamified” applications, which mix game-like features into instructional activities?

What exactly is gamification?

A game, such as tic-tac-toe, is a type of play with specified rules. Gamification occurs in a variety of forms and sizes! These are a few examples of how to gamify learning:

• Offering a “just right” amount of challenge for learners, so that they find the game fascinating but not too tough;

• Incorporating storylines with conflicts or riddles that drive learners to continue playing; and

• Keeping learners aware of their progress through visible routes or points.

How can gamification aid in the learning of children?

Gamification may help youngsters learn in addition to providing fun. There are several reasons why learning via play is beneficial. Playing games is enjoyable for youngsters, which causes dopamine to be released in the brain and stimulates them to keep playing. Not only have that, but motivated learners pay greater attention, which helps them retained what they’re learning. Gamification-based incentive can therefore help youngsters learn more.

But, just because an app is gamified does not guarantee that it will help your child learn effectively. The application of gamification is crucial. Here are some things to look for in a gamified app to ensure it can boost your child’s learning and motivation.

Is there a strong curriculum in the app?

A gamified app cannot assist your youngster in learning unless it has a good curriculum. The material should be based on generally approved teaching standards for that discipline, such as a country’s national reading or math standards. Furthermore, the method the app teaches the information should mirror excellent teaching techniques and be supported by science. A literacy app, for example, should be based on national literacy standards and teach children how to read in a way that research has shown to be effective.

Are the learning exercises in the app extremely motivating?

Apps with more interesting rewards than the learning activities aren’t as useful for learning since children may lose interest in the learning activities and pay less attention to them. They may even hurry through them in order to get to the prizes. Gamification, on the other hand, is more successful when the learning activities themselves are compelling and meaningful7. For example, if the objective is to teach youngsters to read, the stories they read should be entertaining and enjoyable enough to keep their attention.

Is the app directing children’s attention to the information they need to learn?

Narratives and colourfull visuals are frequently utilised in gamified applications to captivate youngsters, but these aspects must be handled with caution. Everything on a screen vies for a child’s attention, and aspects that are unimportant to learning might distract children6. The most visible element on the screen should encourage children’s learning in order for a gamified app to be effective. For example, if the purpose is to teach youngsters the letter “t” and the sound it produces, putting that letter the most visually appealing element on the screen will aid in their learning.

Do incentives communicate a sense of accomplishment?

One of the most effective strategies to keep learners interested is to reward them by “unlocking” more of the learning activity, which encourages them to continue (and learn more!)

The more children play and learn, the more of the game they will unlock, enticing them to continue and learn even more, and so on.

When utilised correctly, gamified applications may help youngsters learn efficiently. Children learn when applications provide a robust curriculum and appealing learning activities that help them pay attention to the most essential facts. When app incentives communicate a sense of achievement, it encourages youngsters to continue learning!