Four companies — #TataGroup, #Dream11, #Byju's and #Unacademy — had bid for the title sponsorship rights for IPL 2020 after Vivo withdrew earlier this year.
In 2019, @BCCI had declared @Dream11 as the official partner for fantasy games for #IPL.
The 12-year old startup founded by @harshjain85 and @bhavitsheth had become India’s first gaming unicorn in April 2019. Its investors include Chinese giant Tencent, Kalaari Capital, private equity firm Multiples Alternate Asset Management and Steadview Capital.
For the fantasy gaming startup #Dream11, #IPL has always been its money making machine. When in 2014, Dream11 raised its first round of funding they still had just 300,000 users.
But thanks to the popularity of the @IPL, today they have over 75 million users.
In fact, after signing former Indian cricket team captain @msdhoni as their brand ambassador, just during the 2018 IPL their user base went from 20 million to 40 million.
Their initial 10 million users were dominated by Tier 1 cities but now 50% of their traffic comes from Tier 2,3 and 4 cities. Until 2019, @Dream11 claimed that its user base grew at a compounded annual growth rate (CAGR) of 230% over three years.
The real GDP of the #USA is estimated to be $20,953 trillion. The services sector of the US is much more developed and technologically sophisticated. This fact accounts for about 80% of the total output.
The Chinese economy has witnessed astonishing growth over the last few decades. This fact has helped the country capture the much coveted second place in the list of top 10 economies of the world. The real GDP of #China in 2020 was $14,723 trillion.
‘#Helina’, an anti-tank guided #missile, was successfully flight-tested in Pokhran, yesterday, April 11, late evening. The missile was launched from an indigenously-developed Advanced Light Helicopter (ALH) at a high altitude range.
Helina is one of the most advanced anti-tank weapons in the world and the flight test was conducted by the Defence Research and Development Organisation (@DRDO_India).
There are 25,182 pieces of space debris in the lower earth orbits, within 2,000 kilometres (km) of earth’s surface, according to the latest issue of Orbital Debris Quarterly News published by #NASA’s Orbital Debris Program Office.
These 25,182 pieces of space debris, include 8,171 active and defunct spacecrafts and 17,011 objects categorised as “spent #rocket bodies and other cataloged debris” as of February 4 of 2022.
#ElonMusk has declined the appointment to #Twitter’s board of directors, a week after acquiring a 9.2% stake in the social media company. The announcement was made by Twitter's new chief executive officer, #ParagAgrawal.
The Tesla cofounder was earlier appointed to the board of directors of #Twitter, but on the day of his appointment going into effect, Musk declined the offer.
Now with the NSE IFSC allowing access to some of the best US-based companies like #Apple, #Google, #Tesla and others, you can now trade in top 50 US stocks in India.
What Is NSE IFSC?
Fully-owned arm of #NationalStockExchange
(NSE) based in GIFT City, Gujarat that will allow investors and traders to buy and sell US stocks.
There are two things for certain that Indians are talking about this week – #PetrolPrice, and of course, the sweltering heat. After 9 out of 10 days of #FuelPriceHike, there are high chances that people might be talking about the fuel price rise more than the scorching sun.
Crude oil prices have been skyrocketing for several reasons that seem to be beyond the control of any country’s govt. Even the market can feel the impact of rising crude oil prices. The @StocktwitsIndia Stock Room Sunday episode discusses this in detail.