iWorld
Facebook reveals plan to launch cryptocurrency Libra
MUMBAI: Social media giant Facebook moves ahead in the direction of entering the e-commerce sector as it revealed plans on Tuesday to launch a cryptocurrency called Libra. According to media reports, Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association which will govern its new digital coin. It is due to arrive in the first half of 2020.
A subsidiary called Calibra has been created by Facebook which will not only offer digital wallets to save, send and spend Libras but will be connected to Facebook's messaging platforms Messenger and WhatsApp.
The FAANG company hopes it will power transactions between established consumers and businesses around the globe along with offering unbanked consumers access to financial services for the first time.
However, the move comes at a time when Facebook is already devastated with security-related controversies across the world. It seems the new step may face strong opposition from privacy advocates, consumer groups, regulators and lawmakers. It is very unclear right now how Facebook’s entry into the unregulated world of cryptocurrency will be perceived by lawmakers.
According to reports, company executives said it has engaged with regulators in the United States and abroad about the planned cryptocurrency. Kevin Weil, who runs product for the initiative in Facebook, hopes it can bring global regulators to the table by publicising Libra. "It gives us a basis to go and have productive conversations with regulators around the world," he said.
Facebook said that Calibra will conduct compliance checks on customers who want to use Libra, using commonplace verification and anti-fraud processes. Moreover, the company plans to refund customers who lose money because of fraud.
iWorld
JioStar revenue hits Rs 9,784 crore as cricket fuels 22 per cent growth
A surge in digital viewership and sports dominance fuels a blockbuster quarter for the media giant
MUMBAI: JioStar is batting on a flat pitch. The media titan’s fourth-quarter results for the financial year 2026 reveal a business scaling new heights, propelled by an unprecedented appetite for premium sports and digital-first storytelling.
Gross revenue for the quarter soared by 22.15 per cent to Rs 9,784 crore, up from Rs 8,010 crore in the third quarter. Operationally, the momentum was equally strong; revenue from operations climbed 21 per cent to Rs 8,372 crore. These figures underscore the firm’s successful integration following the Reliance and Disney merger, creating a dominant force in the Indian market.
The annual performance has been nothing short of a spectacle. Full-year gross revenue reached a massive Rs 36,248 crore, while annual profit after tax hit Rs 3,210 crore. This rapid expansion reflects JioStar’s ability to capture and monetise the massive growth in India’s media consumption.
Cricket proved to be the ultimate growth engine. The ICC Men’s T20 World Cup 2026 and TATA IPL 2026 delivered “record-breaking viewership” across both television and digital screens. The World Cup final alone drew a global peak concurrency of 72.5 million on JioHotstar, cementing its status as the nation’s premier streaming destination. On television, JioStar maintained a commanding 34.2 per cent viewership share, reaching a staggering 810 million viewers nationwide.
The digital numbers were just as impressive. JioHotstar averaged 500 million monthly active users, driven by consistent subscriber growth and innovative AI-led content discovery tools. These advancements are ensuring that JioStar remains at the cutting edge of the global “Race for Attention.”
With a firm grip on the country’s most valuable sporting rights and a rapidly growing digital footprint, JioStar is perfectly positioned for the future. It has built the ultimate content powerhouse—one that is ready to dominate the Indian living room for years to come.
