Marksmen Daily

Innovation is the name of the game in the business world, but Ola have taken things a bit too far if you ask MapmyIndia. The geotech powerhouse has taken the bold step of accusing its former partner, the ride-hailing behemoth Ola, of a daring act of data theft.   According to the legal notice issued by MapMyIndia's parent company, CE Info Systems, Ola Electric has committed a grave offense - the duplication of MapMyIndia's proprietary Application Programming Interfaces (APIs) and Software Development Kits (SDKs) to build its own mapping platform, Ola Maps. The notice further claims that Ola has "copied/derived" MapMyIndia's "exclusive data" to "further [its] illegal motive and for [its] unjust commercial gains."   Ola's response to these allegations has been a resounding denial. The company has asserted that it has developed its API and map data for Ola Maps "solely through open map" sources, a claim that MapMyIndia has vehemently refuted. The legal notice states that Ola's assertion is "factually incorrect and not tenable," accusing the ride-hailing giant of engaging in "unscrupulous and illegal activities" that have "infringed the copyright vested exclusively" in MapMyIndia.   The timing of this legal tussle is particularly intriguing, as it coincides with Ola's ambitious move to replace Google Maps with its in-house Ola Maps platform. In a bold statement, Ola's CEO, Bhavish Aggarwal, announced that the company has "fully exited Google Maps" and is now powering its electric scooters with the Ola Maps service, a move that has saved the company a staggering ₹100 crore per year.   This legal battle between MapMyIndia and Ola Electric has the potential to send shockwaves through the entire mapping industry in India. As the two titans clash, the outcome could have far-reaching implications for the future of mapping services, intellectual property rights, user privacy, and the overall competitive landscape. Consumers and businesses alike will be closely watching this unfolding drama, eager to see which company emerges victorious in the cartographic clash of the titans.   Link – https://lnkd.in/dTk96uPz By Karan Karayi #MapMyIndia #OlaElectric #DataTheft #MappingBattle #IntellectualProperty #LegalTussle #OlaMaps #TechNews #Geotech #BusinessDrama #Innovation #BhavishAggarwal #TechIndustry #India

Robert Downey Jr. is making a surprising return to the Marvel Cinematic Universe (MCU) as the villain Doctor Doom. Announced at San Diego Comic-Con by the Russo Brothers, who will direct the upcoming films Avengers: Doomsday (2026) and Avengers: Secret Wars (2027), this news has thrilled fans. Downey, previously known for his role as Iron Man, departed the MCU in 2019 after Avengers: Endgame. Doctor Doom, originally from the Fantastic Four series, is a complex character with genius intellect and mastery of science and magic. The Comic-Con announcement was met with cheers and applause, and a video of Downey unveiling himself as Doctor Doom quickly went viral. Downey's return, combined with the Russo Brothers' directorial expertise, promises to inject a new level of excitement and complexity into the MCU. Link - https://lnkd.in/dnZ8ueYJ #RobertDowneyJr #DoctorDoom #MCU #Marvel #Avengers #SDCC2024 #RussoBrothers #EpicReveal #MarvelCinematicUniverse #AvengersDoomsday #AvengersSecretWars #ComicCon #MarvelFans #IronManReturns #ExcitingTimes

Three years after her disappointment at the Tokyo Olympics, Manu Bhaker has made history at the Paris Olympics 2024 by becoming the first Indian woman shooter to win a medal. Now, she and teammate Sarabjot Singh qualified for the bronze medal match in the 10m Air Pistol mixed team event, finishing third. They will compete against the Korean pair Xue Li and Wonho Lee. Meanwhile, Ramita Jindal faced heartbreak in the women's 10m Air Rifle event, finishing seventh after a promising start. Link - https://lnkd.in/dG64My8X By Hitanshi Kothari #Paris2024 #OlympicHistory #ManuBhaker #SarabjotSingh #BronzeMedal #IndianShooting #OlympicDreams #10mAirPistol #SportsNews #TeamIndia #TokyoToParis #RamitaJindal #OlympicJourney #MarksmenDaily #TeamMarksmen #infocus

Opposition Leader Rahul Gandhi blasted Finance Minister Nirmala Sitharaman for Budget 2024's lack of relief for the middle-income group.  "Where's the support for the backbone of our nation?" he questioned. The minister's reaction says it all—hiding her face in response! What’s your take on this? Join the conversation! #Budget2024 #MiddleClassMatters #PoliticalDrama #RahulGandhi #NirmalaSitharaman #Economy #IndiaPolitics #MiddleIncomeGroup #BudgetDebate #FinanceMinister #PublicReaction

Change is an inevitable force, particularly noticeable in the recent rise of senior executives and industry leaders to prominent positions. One such move is that of Sanjay Gupta, who has been appointed as Google APAC President, succeeding Scott Beaumont. Taking to LinkedIn, he spoke of the significant role Google plays as enablers, saying, “The APAC region is not just another area; it's the epicenter of global growth and innovation, home to half of the world's population, and primed to lead the tech revolution.”   With deep gratitude for his team in India, Sanjay is eager to embrace the opportunities in Singapore and drive innovation in the heart of global growth. Link - https://lnkd.in/dJuZGA7M By Hitanshi Kothari #LeadershipChange #SanjayGupta #GoogleAPAC #TechInnovation #GlobalGrowth #ExecutiveMovements #IndustryLeaders #APACRegion #GoogleNews #InnovationLeadership

The recent removal of indexation benefits on long-term capital gains (LTCG) from property sales is poised to significantly impact the Indian real estate market. Previously, indexation allowed property sellers to adjust the purchase price of an asset for inflation, thereby reducing the taxable gains and lowering the tax burden on profits from property sales. The elimination of this benefit will now increase the tax liability for sellers, potentially altering market dynamics. Dr. NIRANJAN HIRANANDANI Chintan Vasani Read more: https://lnkd.in/dDZXhgyh By NEERAJ TIWARI #Budget2024 #Indexation #RealEstate #MumbaiProperties #LuxuryHomes #property #Inflation #MarksmenDaily #TeamMarksmen #infocus

#infocus | If one were to look at it closely, API (Application Programming Interface) ecosystems closely resemble nature.   In nature, basic organisms combine to form complex ecosystems. Similarly, basic APIs can be interconnected to form sophisticated software applications. This corresponds to the concept of “emergent properties” in both systems. In a sense, the human race has always been inspired by nature’s fault tolerance and self-resilience, and Abhijit Dey draws a metaphorical comparison between APIs and nature, offering an interesting perspective on the parallels that exist. Head to the website for the full story! https://lnkd.in/daJ-rS26 #api #banks #indianbanks #ecosystem #nature #sustainability #nature #metaphorical #bfsi #bankingsector 

The world of sports is a tapestry woven with tales of triumph and tragedy, where athletes push the boundaries of human potential and leave indelible marks on the hearts and minds of their ardent fans. In the grand spectacle of the Paris Olympics 2024, one such story of resilience and determination emerged, as Manu Bhaker etched her name in the history books by becoming the first female Indian shooter to win an Olympic medal as she netted a Bronze medal.   Manu Bhaker's journey to the Paris Olympics was paved with both triumph and heartbreak. The 22-year-old shooter from Haryana had experienced the agony of disappointment at the 2020 Tokyo Olympics, where her dreams were shattered by a technical malfunction. Undeterred by this setback, Bhaker channeled her determination and honed her skills, setting her sights on redemption in the French capital.   The women's 10m air pistol final was a nail-biting affair, with Bhaker locked in a fierce battle with her Korean counterparts. Trailing the leaders by a mere 0.1 points heading into the final shot, Bhaker's nerves of steel were put to the test. In a moment that will be etched in the annals of Indian sporting history, the young shooter found the strength within to deliver a 10.3 on her final attempt, clinching the Bronze medal and becoming the first Indian woman to win a shooting medal at the Olympics.   Bhaker's medal was the first to be won by an Indian at the Paris Olympics, setting the stage for the nation to surpass its previous record of seven medals from the Tokyo 2020 Games. This achievement was particularly significant, as it demonstrated the ongoing progress and development of Indian sports, with the country's athletes poised to make an even greater impact on the global stage. By Karan Karayi Link - https://lnkd.in/dtXgkTNn #Olympics #ParisOlympics #ManuBhaker #IndianShooter #HistoricWin #BronzeMedal #MarksmenDaily #TeamMarksmen #inFocus

The Union Budget 2024's unexpected cut in gold customs duty has triggered significant market turmoil. Gold prices plunged over 5% in a single day, wiping out approximately Rs 10.7 lakh crore in value. Jateen N Trivedi | Adhil Shetty Link - https://lnkd.in/d9Esjz5G By NEERAJ TIWARI #GoldPrices #UnionBudget2024 #CustomsDuty #MarketImpact #GoldMarket #FinanceNews #EconomicUpdate #NirmalaSitharaman #GoldValue #InvestmentImpact #MarketTurmoil

Elon Musk, the visionary behind Tesla, has had a complicated relationship with India. After much anticipation and speculation, the billionaire entrepreneur recently postponed his much-awaited visit to the country, leaving many to wonder what's really going on behind the scenes.   Tesla’s slowing sales in Europe and USA, where sales fell 13% and 8% respectively in the first half of 2024, is only half the story. German luxury OEMs, Chinese brands, and the Hyundai-Kia Korean combo are making major inroads into Tesla’s market share. Tesla has seen volumes slump from 185,200 units in the first half of 2023 to 161,300 units for the same period in 2024. In the USA, sales volumes dropped from 324,900 units in the first half of 2023 to 299,200 units this year, even as overall EV sales increased by 7.6 percent. The Cybertruck too has been a damp squib for the brand, with the company selling just 11,300 units in the US through the first half of 2024.   The shift in market dynamics could be a wake-up call for Musk, who may need to reconsider his strategy and look for new avenues of growth. According to sources, Musk's team has not made any further inquiries with officials in New Delhi after the postponement of the India visit in late April. The government has been given to understand that Tesla is facing capital issues and doesn't plan on pledging fresh investment into the country anytime soon. This raises eyebrows, as Tesla has been known for its ambitious global expansion plans.   As Tesla contemplates its next move, the company's component suppliers are already reportedly scouting for locations to either kick-start or expand their operations in India. State governments, including Gujarat and Tamil Nadu, are actively courting these suppliers, believing that Tesla would be more likely to set up shop where its supplier ecosystem is already established. This suggests that the Indian market may hold more sway over Tesla's plans than the company is willing to admit.   Interestingly, many industry experts believe that Tesla's latest quarterly numbers might be the catalyst that forces Musk to rethink his reported shelving of the India plan. As the company navigates the shifting global EV landscape, the performance of its financial reports could be a crucial factor in determining its future course of action. Click the link to read the full article https://lnkd.in/d874B_FV Karan Karayi, Editor-in-Chief, Marksmen Daily #tesla #teslamodel #teslamotors #teslalife #teslaowner #elanmusk #autoindustry #automotive #ecosystem #teslacars #automotiveindustry