Latest news with #Vaz
New Indian Express
16 hours ago
- Business
- New Indian Express
IPL helps JioStar rake in ₹9,600 crore in revenue
The Indian Premier League (IPL), the mega T20 cricketing tournament, helped Reliance Industries-owned JioStar hit the jackpot. The eight-month-old platform reported revenue from operations of ₹9,600 crores in the first quarter of the financial year. The platform also recorded a profit before tax of ₹583 crores and a healthy margin of 10.6%. In the period from November 2024 to March 31, 2025, JioStar had reported revenue of ₹9,500 crores from operations. The IPL specifically recorded its highest revenues, demonstrating strong year-on-year growth. This was facilitated by a strategic "hybrid monetization model," which allowed consumers four hours of free content access before requiring a subscription, a method that effectively converted engaged users into paid subscribers. Kevin Vaz, CEO of JioStar, stated in an analysts' call that this was their "biggest quarter," setting the tone for the entire year's performance. "And biggest I say because it had the biggest cricketing event in India, the IPL, which runs for two months over 74 matches, and that is why it makes a big difference for us," Vaz commented. The opening weekend of the IPL, held from March 22 to June 3, 2025 registered impressive figures, with 1.4 billion digital views and a reach of 253 million viewers on television. The collective watch time amounted to 49.6 billion minutes. This marked a new level of engagement, particularly as it was the first time Jio and Disney collaborated for the combined broadcast, according to Kevin Vaz, who took the reins of the new platform in November 2024. Vaz added that as the tournament progressed, viewership continued to grow. The IPL, through JioStar, achieved a record cumulative reach of 652 million on digital and 537 million on TV. The total watch time neared a billion minutes, reflecting strong audience engagement. JioStar is a joint venture between Mukesh Ambani's Reliance Industries Ltd (RIL) and The Walt Disney Co. Beyond the IPL, JioStar continued to expand its sports content by hosting events like the ICC World Test Championship and acquiring digital rights for India-England matches.
Time of India
4 days ago
- Time of India
Cavelossim sarpanch backs local cabbies in taxi row
Margao: A dispute between local and outside taxi operators in Cavelossim has intensified, with both sides approaching South Goa SP Tikam Singh Verma seeking action. The controversy erupted after Cavelossim sarpanch Dixon Vaz said outside taxi operators cause conflicts with local cabbies, prompting the All Goa Drivers' Union (AGDU) to seek action from SP Verma for allegedly inciting locals against them. In their complaint, AGDU accused Vaz of making 'false and misleading' statements on social media, claiming that outside taxi operators enter the village without permits and forcibly pick up tourists. The union said that their drivers adhere to legal guidelines and only accept prior bookings. AGDU alleged that local taxi operators had assaulted several of their members in the past during pick-up and drop-off operations. Vaz, joined by local taxi operators, met the SP on Thursday and said that the decision to restrict outside taxis was made jointly by the panchayat and the villagers. 'Our local taxi operators have invested not only in their vehicles but also in their commitment to serving our community," Vaz stated in his letter to the SP. He said that many locals have made 'significant sacrifices, including selling ancestral land, to invest in taxis to support local businesses and hotels.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo The sarpanch said outside taxi operators undermine local livelihoods and public safety, and called for action over their false allegations against him. SP Verma said that police would prevent any escalation, warning that disruptions to law and order would be dealt with firmly.
Time of India
25-06-2025
- Business
- Time of India
Stock-trading firm Sahi lands $10.5 million in a round led by Accel, Elevation Capital
Stock trading platform Sahi , founded by former Swiggy chief technology officer Dale Vaz and ex-Kotak Securities executive Manish Jain, has raised $10.5 million in a funding round led by Accel and Elevation Capital . The Bengaluru-based startup plans to use the capital to accelerate product innovation, especially in automation, as the Securities and Exchange Board of India (Sebi) moves to allow algorithmic trading for retail investors . Sahi also intends to scale its team and expand its reach across India to serve more active traders. As part of its roadmap, Sahi will roll out new automation tools, including visual no-code strategy builders and multi-leg options execution capabilities. The company is also set to launch its trading website this week, expanding beyond its existing mobile and desktop offerings. Earlier this year, Sebi cleared the way for retail participation in algorithmic trading, with the new rules taking effect from August 1, 2025. Currently, only institutional investors are permitted to use algorithms, which are automated programmes that execute trades based on pre-defined instructions. Live Events 'Sahi began with the intent of helping the individual investor. We focus on people interested in making their own financial decisions, both as investors and even as traders. The idea is to build this as a single, end-to-end product, which will cover the entire trader journey,' Vaz told ET. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Launched in December 2024, Sahi offers a chart-first interface with tools such as real-time Greeks, open interest tracking, technical indicators, and one-click trade execution. The platform leverages AI-driven insights to assist individual traders to make more informed decisions. The platform has seen over 200,000 app downloads and a 50% month-on-month growth in active traders. According to the company, over 20% of users have executed more than 500 trades within five months, while more than half have placed over 100 trades. Sahi also claims to charge about 50% lower brokerage than larger incumbents by leveraging a lean team structure and AI-powered infrastructure. The platform charges Rs 10 per trade, Vaz said. Manasi Shah, vice president at Accel, said, "The future of trading globally is going to be disrupted by AI, and Sahi is racing ahead to be the best-in-class AI-led trading platform. As Accel, we are excited to double down on Sahi as part of our thesis that AI will disrupt consumer experiences across verticals.' While acknowledging some short-term impact from recent regulatory curbs on futures and options (F&O) trading, Vaz remains optimistic about long-term prospects. 'We are extremely bullish about the larger financialisation of the Indian wealth story that is playing out, and which will continue to play out in our belief over the next 5-10 years at least,' he said. "Existing tech-first brokers have solved customer access to markets really well; but as users and technology have both matured significantly, there is an opportunity to re-imagine the entire experience ground-up,' said Vaas Bhaskar, partner at Elevation Capital. 'We believe that Dale and Manish are building with deep customer obsession and have built a never-before seen broking experience, combining all parts of the trader's journey - research, execution and post-trade.'
Global News
18-06-2025
- General
- Global News
A look at Nova Scotia's specially trained K-9 search and rescue team
When disaster strikes in Nova Scotia, a specially trained team of dogs and their handlers is ready to answer the call for help. This elite K-9 unit can sniff through rubble and wilderness to find survivors and save lives. There's only a handful of these teams in Canada. Agile, energetic, playful and hardworking, these are the qualities that make Labrador retriever, Vaz, stand out as a member of Halifax Regional Fire and Emergency's Urban Search and Rescue Task Force 5. View image in full screen Russell Brown and Labrador retriever, Vaz, are both members of Halifax's Urban Search and Rescue task force. Skye Bryden-Blom / Global News Russell Brown is the K-9 team lead, and says their dogs are trained to detect a human's scent, searching with their noses in the air. They're equipped to sniff out survivors buried beneath rubble after a building collapse. They've also added wilderness search and rescue to their portfolio. Story continues below advertisement 'If there have been a lot of people who have been searching the area already, it doesn't affect our dogs because our dogs are trained to ignore residual odour,' he said. 'They don't find articles. They don't care if there have been 100 people in the woods looking before us.' Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Russell calls the work a longtime passion, having studied animal behaviour before becoming a firefighter. For more on this story, watch the video above.
Time of India
31-05-2025
- Business
- Time of India
‘Address local issues before initiating new developments at Colva beach'
Colva: The Small and Medium Hotels Association has urged govt to address the long-standing issues faced by local businesses and the fishing community before initiating any new development projects at Colva beach. 'Colva beach, once known for its pristine charm that attracted people from all corners of Salcete, now lies in a state of neglect. This has led to a sharp decline in foreign tourist arrivals, particularly among the hippie crowd that once put Goa on the global tourism map,' Small and Medium Hotels Association vice president Dixon Vaz. Vaz, who is also Cavelossim sarpanch, said govt's recent announcement to develop Colva beach under the Swadesh Darshan 2.0 scheme must be preceded by consultations with local stakeholders. He said the local fishing community's concerns — especially regarding spaces for unloading and drying their daily catch — must be resolved first, with permanent solutions. He said govt should discuss the proposed developmental plans with key stakeholders, including restaurant and shack owners, taxi drivers, water sports operators, the public and the local panchayat. Vaz said he will also request the chief minister and the tourism minister to look into their grievances before proceeding with development initiatives.
