Day: July 3, 2024

Koo Shuts Down After Failed Acquisition Talks: A Sad Farewell to India’s Twitter Alternative

Santosh

Koo, the Indian microblogging platform that aimed to rival Twitter, is shutting down after failing to secure acquisition deals. The startup, which launched in March 2020, experienced rapid growth and became a significant player in the social media space. Despite initial success and expansion efforts, Koo could not sustain its operations due to financial challenges and a tough market environment. Rise of Koo: A Promising Start Koo was established by Aprameya Radhakrishna and Mayank Bidawatka in 2019 and launched in March 2020. It quickly gained prominence, especially during the 2021…

PM Modi to Visit Austria Marks a New Chapter: Strengthening Ties After 41 Years

Santosh

Prime Minister Narendra Modi is set to visit Austria on July 9 and 10, making him the first Indian leader to travel to the country in 41 years. This visit signifies a historic moment in India-Austria relations, revitalizing a connection that has been dormant since Indira Gandhi’s visit in 1983. Prior to that, the last Indian prime minister to set foot in Austria was Jawaharlal Nehru in 1955. Pioneers in Diplomacy The diplomatic relationship between India and Austria began in 1949. Nehru’s visit in 1955 was pivotal, as it marked…

Sensex Breaks 80,000 marks, Nifty Sets New Record High

Santosh

On the morning of July 3, the Indian equity markets experienced a historic surge. The Sensex, a 30-share index on the Bombay Stock Exchange (BSE), soared by 597.77 points to break through the unprecedented 80,000 mark, reaching a new lifetime high of 80,039.22. Simultaneously, the Nifty index, encompassing 50 major companies, climbed 168.3 points, setting a fresh record at 24,292.15. The surge was driven by heavy buying in banking stocks and a positive trend in global markets. Major Contributors to the Rally Key players in the rally included HDFC Bank,…

Adobe names Keith Eadie to lead its APAC business

Santosh

An Overwhelming Gathering Turns Deadly A satsang event in Uttar Pradesh’s Hathras district, intended to be a spiritual congregation, transformed into a horrific scene as a stampede led to the tragic deaths of 121 individuals, including many women and children. The event was presided over by the self-styled godman, Suraj Pal, also known as Narayan Saakar Hari or Bhole Baba. Initially, the organizers had anticipated a crowd of approximately 80,000 attendees. However, more than 2.5 lakh devotees thronged to the venue, far exceeding the expected numbers and creating a volatile…