Technology
Twitter signs pact with Bloomberg to live stream financial news
The micro-blogging website Twitter and Bloomberg Media have signed a deal to live stream several media company's TV news shows on Twitter platform.
 
The partnership includes streaming rights shows like "Bloomberg West", "What'd You Miss?" and "With All Due Respect", along with the network's daily stock market coverage.
 
Although the amount of the deal was not disclosed, the two companies will share the ad revenue, technology website Tech Crunch reported on Wednesday.
 
"Partnering with Bloomberg will give people on Twitter the best way to see live financial markets performance combined with the live commentary on the underlying drivers and implications," said Anthony Noto, Twitter's Chief Financial Officer, said in a statement.
 
"Twitter is one of the fastest ways to find out what's happening in global business and financial markets, and to engage in the live commentary about it," Noto added.
 
Twitter is on a spree to sign agreements across the spectrum to revive its fortunes.
 
Twitter signed a deal this week with the US television network CBS to stream both the Democratic and Republican National Conventions scheduled later this month.
 
It now has permission to broadcast the CBSN feed -- the company's 24-hour digital news streaming service -- and anyone online can watch for free even if they do not have a Twitter account, Re/Code reported.
 
It is known that Twitter will make money from advertising when it will stream 10 NFL games later this year and CBS is a partner for those games too.
 
Last week, Twitter streamed live Wimbledon coverage.
 
Twitter is also in talks with the NBA, Major League Soccer (MLS) and Turner for more streaming rights.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Najma Heptulla, Siddeshwara resign as Union ministers, Naqvi promoted
Minority Affairs Minister Najma Heptulla and Minister of State for Heavy Industries G.M. Siddeshwara put in their papers on Tuesday and President Pranab Mukherjee has accepted their resignations.
 
Union Minister Mukhtar Abbas Naqvi, who was Heptulla's deputy, was promoted and given independent charge of the Ministry of Minority Affairs.
 
"The President of India, as advised by the Prime Minister, has accepted the resignation of Najma A. Heptulla and G.M. Siddeshwara," a Rashtrapati Bhawan communique said.
 
Minister of State for Urban Development and Housing and Urban Poverty Alleviation Babul Supriyo has been relieved of his present charge and given the portfolio held by Siddeshwara. 
 
The resignations and new appointments come a week after Prime Minister Narendra Modi reshuffled and expanded his Council of Ministers by inducting 19 new ministers and elevating one to cabinet rank.
 
Heptulla, 76, had to resign on age grounds as BJP had recently fixed maximum age for ministers at 75.
 
Earlier, in Madhya Pradesh, two senior ministers Babulal Gaur and Sartaj Singh (both above 75) were forced to resign from Shivraj Singh Chouhan cabinet.
 
Citing the same criteria, Heptulla was also asked to go, BJP sources said.
 
Gaur (Home) and Singh (Public Works Department) had tendered their resignations on directive from the Bharatiya Janata Party central leadership. Gaur is 86 years old while Sartaj Singh is 76.
 
However, Heptulla in a statement said that she has resigned "due to personal reasons".
 
"I am extremely thankful to the Prime Minister for giving me the opportunity and honour to be in his Cabinet, where I gained a lot of experience and I have tried to fulfill his expectation towards 'Sabka Saath Sabka Vikas'," she said.
 
"I will always be available for any responsibility given to me in future. I have resigned from my post due to personal reasons," she added. 
 
Siddeshwara was spared and not dropped from the Council of Ministers on July 5 when Modi reshuffled his team as he had requested for more time in view of his birthday which incidently was the same date (July 5).
 
The five minister who were dropped on July 5 were: Sanwar Lal Jat (Water Resources), Nihalchand (Panchayati Raj), Ram Shankar Katheria (HRD), Mansukh Bhai Vasava (Tribal Affairs), and Mohanbhai Kundaria (Agriculture).
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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FTIL founder Jignesh Shah arrested by ED
The Enforcement Directorate (ED) arrested Financial Technologies India (FTIL) founder Jignesh Shah under the Prevention of Money Laundering Act (PMLA), an official said here late on Tuesday.
 
Shah was arrested late on Tuesday as he refused to cooperate in the investigations after he was grilled all day.
 
He will be produced before the Special PMLA Court on Wednesday, ED sources said.
 
The ED claims to have clinching evidences of money laundering against Shah and will seek his custody, the sources said.
 
The ED had lodged criminal cases against the National Spot Exchange Ltd and 67 others in 2013 under the PMLA for alleged money-laundering of over Rs 3,700 crore.
 
In its chargesheet filed early last year, the ED had detailed the criminal conspiracy by the officials of NSEL which led to the cheating of around 13,000 depositors.
 
Commenting on the developments, BJP MP Kirit Somaiya said he would ensure the case is taken to its logical end.
 
Shah was earlier arrested in August 2014 by the Mumbai Police Economic Offences Wing and later released on bail.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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