Today's Tech Check- "RBI's Fintech Repository, JioCinema's IPL Record, Agnikul's 3D-Printed Rocket Engine, OYO's Profit Milestone, and Steve Jobs' Success Quotes"
30th May, 2024
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1. “RBI's New Fintech Repository: A Double-Edged Sword Sparking Hope and Concern”
Facts of RBI Fintech Repository:**
Data repository launched by RBI to improve understanding and policy formulation in the fintech sector.
Gathers information from regulated and unregulated fintech companies, including activities and technological applications.
Aims to address challenges faced by RBI in regulating unconventional fintech models and preempt innovations.
Reactions:
Industry divided, with some praising the increased visibility and transparency.
Others fear increased oversight, disclosure requirements, and costs of compliance for unregulated companies.
Startups advocate for lighter reporting structures and greater clarity on required data disclosure.
#RBI #innovation #innovations #Startup
2. “JioCinema Breaks Record: 620 Million Users Tune in for IPL 2024!”
JioCinema, IPL's streaming partner, achieved a record 2,600 Cr views in IPL 2024, a 53% growth.
The OTT platform reached 62 Cr viewers, a 38% increase.
JioCinema garnered 35,000 Cr minutes watch time with an average time spent of 75 minutes.
Record-breaking viewership on Day 1 with over 11.3 Cr viewers and 59 Cr video views.
Attracted 28 sponsors and over 1400 advertisers by the end of the tournament.
JioCinema has secured streaming rights for Paris Olympic Games 2024 and premium English content deals with HBO and NBCUniversal.
#Jio #Retail #News #B2C
3. “Agnikul Cosmos Unveils Revolutionary 3D-Printed Rocket Engine: A Global First”
Agnikul Cosmos launches world's first 3D-printed rocket engine: Agnibaan SOrTeD
Key facts: Launched from India's first private launch pad; India's first semi-cryogenic engine; Sub-orbital test vehicle to gather flight data for orbital launch vehicle
Personalities: Dr S Somanath, Chairman, ISRO; Srinath Ravichandran, Co-founder and CEO, Agnikul Cosmos; Prof. Satyanarayanan R Chakravarthy, Founding Advisor, Agnikul Cosmos.
4. “OYO's Remarkable Milestone: Achieving First Profitable Year with Nearly Rs 100 Cr PAT in FY24, Reveals Founder”
OYO, operated by Oravel Stays, achieves its first profitable year with a PAT of nearly Rs 100 Cr in FY24.
Founder Ritesh Agarwal attributes this to customer satisfaction and improved financials.
OYO reports a consecutive eighth quarter of positive EBITDA and a cash balance of Rs 1000 Cr.
Fitch upgrades OYO's long-term credit rating due to its improving financial profile.
Agarwal sees growth opportunities in emerging travel trends and key markets.
OYO records adjusted EBITDA of Rs 888 Cr and gross booking value per storefront of Rs 3.32 lakh.
Gross margins and operating costs also improve in FY24.
#customer satisfaction #markets #customer
5. “Steve Jobs' Secrets: 10 Powerful Quotes to Unlock Your Success”
Steve Jobs emphasized passion and authenticity for meaningful work.
True leaders embrace innovation and take risks (e.g., "Innovation distinguishes between a leader and a follower.").
Design should focus on functionality and user experience (e.g., "Design is not just what it looks like and feels like. Design is how it works.").
Embrace bold thinking and dare to change the world (e.g., "The people who are crazy enough to think they can change the world are the ones who do.").
Resilience is key in overcoming setbacks (e.g., "Sometimes life hits you in the head with a brick. Don't lose faith.").
Continuous learning and perseverance drive success (e.g., "Stay hungry, stay foolish.").
Trust your instincts and embrace calculated risks (e.g., "Have the courage to follow your heart and intuition. They somehow already know what you truly want to become.").
Acknowledging mortality can free you from fear and inspire bold action (e.g., "Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose.").
Jobs' legacy guides us to pursue our vision with passion, authenticity, and unwavering commitment.
#thinking #innovation #success
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