JK Tyre targets 1 mn unit capacity expansion in FY26; bets on digitalisation for efficiency, ET Manufacturing
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JK Tyre targets 1 mn unit capacity expansion in FY26; bets on digitalisation for efficiency
The Delhi-headquartered company will expand its tyre manufacturing capacity from 29 million units to about 30.5 million units in FY26, aided by the ₹1,400 crore capital expenditure (Capex) earmarked for the fiscal.
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Indian Express
25 minutes ago
- Indian Express
Google's proposed remedies in CCI antitrust case could bring more real-money gaming apps to Play Store
Google has proposed opening up Play Store in India to a larger number of real-money gaming (RMG) apps in response to an ongoing antitrust probe by the Competition Commission of India (CCI) related to the tech giant's alleged abuse of dominance in the RMG ecosystem. The broader Play Store access is part of a set of proposed remedies submitted by Google to CCI, according to a notice issued by the competition watchdog inviting public comments on the 'commitment offer'. The antitrust case stems from a complaint filed by Delhi-based online gaming platform Winzo in November last year. As part of its list of proposed fixes aimed at levelling the competitive field, Google said it would allow all real-money gaming apps to be distributed to users in India via Play Store, provided they are 'self-declared by developers as permissible online real-money games as per applicable laws/jurisprudence.' The company also indicated that it may update its advertising policies to allow ads for 'games of skill' in India as long as developers furnish proof showing that they are not 'games of chance' or gambling apps. The deadline for providing feedback on Google's proposed remedies is August 20, 2025. If approved by the CCI, these remedies would not only let developers of real-money gaming apps reach more Android users but also enable Google to earn more revenue from a wider pool of apps and ads for these apps shown on its platforms. As for the finer details of app fees and revenue-sharing from in-app purchases, Google still appears to be figuring it out. 'In parallel, Google is finalising its approach for an appropriate business model which considers developer commercial models in the RMG industry,' the company submitted to CCI. In regards to the CCI's decision to gather public feedback on its commitment proposal, Google told The Indian Express, 'We're pleased the CCI is market testing our proposed framework for real-money games (RMGs) in India. This development reflects our constructive discussions with the CCI and the Indian developer community along with our commitment to building a more open and safe ecosystem for RMG apps across Google Play and Google Ads.' 'We look forward to continuing to work with the CCI and the wider RMG ecosystem, and are confident our proposed framework will empower Indian developers, grow the digital economy, and prioritize user safety,' it added. The All India Gaming Federation (AIGF), an industry body which represents Mobile Premier League (MPL), Nazara, Gameskraft, and MyTeam11, among others, welcomed the Play Store changes proposed by Google. 'Over the past three years, we have actively engaged with all relevant stakeholders to help shape balanced and forward-looking policy outcomes for the sector. We're encouraged to see that this constructive engagement is bearing fruit, and believe this move will empower responsible operators, support innovation, and ensure a safer experience for Indian consumers,' Roland Landers, CEO of AIGF, said in a statement. As part of a pilot programme launched in 2022, Google only allowed apps involving daily fantasy sports (DFS) and rummy games to be hosted on the Play Store. While the pilot was supposed to last for a year, these two types of RMG apps remained on the app store. Now, Google has proposed to replace the pilot programme and allow the distribution of all RMGs, with certain conditions: – Developers will be required to self-declare that their apps are permissible online real-money games as per applicable Indian laws and jurisprudence. – Developers will need to submit proof that the app 'is in good standing' with a third-party body recognised by Google. These third-party bodies include industry associations such as AIGF as well as Federation of Indian Fantasy Sports (FIFS) and e-Gaming Federation (EGF). – Developers will also need to ensure that their apps are compliant with Google policies, including the Google Play-Developer Distribution Agreement (DDA) and Developer Program Policies (DPP), which it said will be updated to reflect these changes. Google said it would start allowing developers of compliant RMG apps on the Play Store within 120 days of the CCI accepting its remedies and issuing such an order. In response to concerns raised by CCI on Google permitting ads only from DFS and Rummy apps, the company has proposed that it will allow games of skill to be advertised in India provided: – The advertiser provides proof that it is in good standing with a Recognised Third Party. 'Recognised Third Parties will be required to meet objective criteria, and may include industry associations such as AIGF, EGF and FIFS,' it said. – The advertiser provides Third Party Certification that the game it intends to advertise is a permissible game of skill. – The advertiser complies with Google Ads Policies. If accepted by the CCI, Google said that the related ad policy changes will take effect within 150 days of the regulator's order.
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First Post
an hour ago
- First Post
Tech giant Microsoft set to soar past $4 trillion in market value, second to do so after Nvidia
On the back of blockbuster earnings report, tech giant Microsoft is set to cross the $4 trillion-mark in valuation for the first time on Thursday. Shares of Microsoft were up 8.5% in early pre-market trading, valuing the company at $4.14 trillion. read more Microsoft is set to soar past $4 trillion in market valuation for the first time on Thursday, as a blockbuster earnings report helps the tech behemoth become the second company after Nvidia to surpass the milestone. The software company forecast a record $30 billion in capital spending for the current fiscal first quarter and reported booming sales in its Azure cloud computing business on Wednesday Shares of Microsoft were up 8.5 per cent at $557.03 in early premarket trading, valuing it at $4.14 trillion. STORY CONTINUES BELOW THIS AD Redmond, Washington-headquartered Microsoft first cracked the $1 trillion mark in April 2019. Its move to $3 trillion was more measured than other tech giants, Nvidia and Apple with AI bellwether Nvidia tripling its value in just about a year and clinching the $4 trillion milestone before any other company on July 9. Apple was last valued at $3.12 trillion. Lately, breakthroughs in trade talks between the US and its trading partners ahead of President Donald Trump's August 1 tariff deadline have buoyed stocks, propelling the S&P 500 and the Nasdaq to record highs. Microsoft, the second largest US company, has rebounded nearly 50 per cent from its April 2025 lows, when global markets were rattled by Trump's tariff offensive. Microsoft's multibillion-dollar bet on OpenAI is proving to be a game-changer, powering its Office Suite and Azure offerings with cutting-edge AI and fueling the stock to more than double its value since ChatGPT's late-2022 debut. Armed with exclusive access to OpenAI's models, Microsoft has raced to the front of the generative AI pack — supercharging its Azure cloud business, now the company's top revenue driver, and solidifying its dominance in the tech landscape, compared to Google's cloud and Amazon's web services. Wall Street's surging confidence in the company comes on the heels of back-to-back record revenues for the tech giant since September 2022. STORY CONTINUES BELOW THIS AD The stock's rally had also received an extra boost as the tech giant trimmed its workforce and doubled down on AI investments — determined to cement its lead as businesses everywhere race to harness the technology. While sweeping US tariffs had investors bracing for tighter business spending, Microsoft's strong earnings have shown that the company's books are yet to take a hit from the levies. (This is an agency copy. Except for the headline, the copy has not been edited by Firstpost staff.)
News18
an hour ago
- News18
Cognizant Salary Hike: CFO Says Most Staff To Be Covered in H2, But No Decision Yet
IT services major Cognizant plans to roll out salary hikes for most of its workforce in the second half of 2025 Cognizant Salary Hike 2025: IT services major Cognizant plans to roll out salary hikes for most of its workforce in the second half of 2025, but the timeline remains undecided amid ongoing macroeconomic uncertainties, Chief Financial Officer Jatin Dalal said during the company's Q2 earnings call on July 31. The New Jersey-headquartered firm typically initiates its annual wage hikes from August 1. However, this year, Cognizant has signaled a delay, aligning with peers like Tata Consultancy Services (TCS), Wipro, HCLTech, and Persistent Systems, who have also taken a cautious approach to salary increments. Infosys remains the only major Tier-I IT player to have implemented wage hikes in FY26 so far. 'Given the macro environment at play and the uncertainty around it, we have not yet taken a decision on salary increase," Dalal noted. 'Our endeavour is to cover a vast majority of our employees during the second half of this year as and when we decide." The global IT industry is currently navigating several external headwinds, including rising geopolitical tensions and trade uncertainties. A major concern is U.S. President Donald Trump's recent announcement of a 25 percent tariff on all Indian goods, along with an additional penalty related to India's imports of Russian oil and military equipment. These measures, announced on July 30, have sparked fears of broader trade disruptions, potentially impacting client technology spending. Despite the uncertain environment, Cognizant continues to report stable headcount growth. The company added approximately 7,500 employees sequentially in the April–June quarter, taking its total workforce to 343,800. Attrition declined to 15.2 percent on a trailing twelve-month basis, down 60 basis points from the previous quarter. Looking ahead, Cognizant plans to hire 15,000 to 20,000 freshers in 2025. CEO Ravi Kumar S highlighted that a significant portion of the Q2 headcount growth was driven by campus hires in India. 'Headcount grew by 2 percent sequentially, led by the hiring of recent college graduates," Kumar said. 'We are preparing our workforce for an AI-led future by deepening our capabilities in emerging technologies. As part of this, we are setting up a 21-acre learning campus in Chennai, focused on training freshers and lateral hires in advanced AI skills." Cognizant's Q2CY25 results exceeded market expectations. Revenue rose 8.1 percent year-on-year to $5.25 billion, marking the fourth consecutive quarter of growth. In constant currency terms, revenue grew 7.2 percent—outpacing the company's guidance range of 5–6.5 percent. Net profit for the quarter increased 14 percent to $645 million. Following the strong performance, Cognizant raised its constant currency revenue growth guidance for 2025 to 4–6 percent, up from its earlier range of 3.5–6 percent. Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
