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Microsoft announces Xbox subscription service for PC gaming
Posted on 31st May 2019
Microsoft Corp. will begin selling a subscription service for personal computer video games, two years after unveiling a similar offering for the Xbox console.

Xbox Game Pass for PC offers access to more than 100 titles on Windows 10 for a monthly fee, rather than requiring individual purchases. They include games from studios including Bethesda, which makes the “Elder Scrolls” series, and Sega, as well as studios that Microsoft has acquired. As with Game Pass for the Xbox, Microsoft will put some games on the service the same day they are released.

The company didn’t announce pricing or availability for the service but said it will have more to share at the E3 games industry conference next month in Los Angeles.

Microsoft is trying to attract more gamers and sell content that isn’t tied to console users only. Apart from increasing its appeal to PC players, the company is working on a game-streaming service called xCloud. It will soon face increased competition in the space as companies from Google to Apple work on their own streaming and subscription services for video games.

The company is also broadening the channels through which it sells its own games. Microsoft has already said it will sell its core franchise “Halo” on Valve Corp.’s Steam store for the first time. Today the company announced it will bring more than 20 other Xbox Game Studios titles to Steam.

Related Companies: Microsoft India (R&D) Pvt. Ltd.   

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RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley
Posted on 3rd July 2020
Asset monetisation in Jio Platforms along with the $7 billion rights issue should reduce Reliance Industries Limited's (RIL) net debt by more than half, according to a report by Morgan Stanley.

It said that multiple catalysts are in play with faster than expected deleveraging, improving demand and margin outlook on refining and chemicals, top quartile earnings CAGR of 23 per cent over F20-23, and digitisation, supporting multiples.

India-China faceoff: PM Modi, CDS General Bipin Rawat reach Leh to take stock of situation
Posted on 3rd July 2020
Amid the ongoing faceoff between India and China along the Line of Actual Control (LAC), Prime Minister Narendra Modi on Friday made a surprise visit to Ladakh to take stock of the situation.

He was accompanied by Chief of Defence Staff (CDS) General Bipin Rawat and Army Chief General Manoj Mukund Naravane.

UP Police eliminates two criminals involved in killing of eight cops in Kanpur
Posted on 3rd July 2020
The Uttar Pradesh Police on Friday eliminated two criminals who were allegedly involved in the killing of eight police personnel in Kanpur, Inspector General, Kanpur informed.

During a combing operation following last night's encounter, two police personnel were injured and two criminals have been neutralised, Mohit Agarwal, IG Kanpur told mediapersons.

Intel Capital invests Rs 1,894 crore for a 0.39% stake in Jio Platforms
Posted on 3rd July 2020
Intel Capital will invest Rs 1,894.50 crore in Reliance Industries' Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion for a 0.39 per cent stake, said the two companies on Friday.

This will be the twelfth international deal for Reliance's digital arm in less than three months, taking the total investment amount to Rs 117,588.45 crore.

JSW group will bring down China imports to zero in 2 years: Parth Jindal
Posted on 3rd July 2020
As the clamour to boycott Chinese products grows amid a stand-off between the Indian and Chinese armies in eastern Ladakh, several companies have indicated they would cut imports from the neighbouring country and support the government’s self-reliance theme.

Parth Jindal, managing director of JSW Cement, said on Thursday that the JSW group, promoted by his family, would be bringing down its imports from China to zero within two years.

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