MAM
Comprehensive law to impose on exaggeration advertisements
MUMBAI:Some instances of exaggeration in advertisement of many products, which do not really reveal the potential of their products, have been brought to the notice of the Government. |
| With a view to look into the violations of the Programme and Advertising Codes the central Government has constituted an Inter-ministerial Committee under Section 20 of the Act to look into any such violation. |
The Committee either suo-moto or on receipt of complaints, examines cases of violation of the Code and if any such violation is noted by the committee the same is communicated to the Government and action is taken against the TV channel as per rules thereafter. |
| As far as electronic media is concerned, all programmes and advertisements of satellite TV channels transmitted or retransmitted through cable service are required to adhere to the provisions of the Advertising Code prescribed under the Cable Television Networks (Regulation) Act, 1995 and the rules framed there under. The consumers who are affected/aggrieved have an option to seek redressal before a Consumer Forum established under Consumer Protection Act, 1986 against such unfair trade practices. The Act also empowers the State or the Central Government, as the case may be, to seek redressal in a Consumer Forum against such unfair trade practices either in individual capacity or as a representative of interests of consumers in general. The Press in India is free from Government control. The Press Council of India (PCI) is a statutory authority established for preserving the freedom of the Press and for maintaining and improving the standards of newspapers and news agencies in India. PCI has built ‘Norms of Journalistic Conduct‘ , which cover principles and ethics with regard to journalism, which states that Editors should insist on their right to have the final say in the acceptance or rejection of advertisements. The advisories issued by the PCI, however, carry only moral force and are not enforceable in a Court of Law. Misleading advertisements issued with the objective of attracting consumers by companies come under the category of unfair trade practices under Section 36A of the Monopolies and Restrictive Trade Practices Act (MRTP Act). On receipt of complaint, action is taken by the MRTP Commission. This Information has been given by Minister of Information and Broadcasting and Parliamentary Affairs P. R. Dasmunsi in written reply to a question in Lok Sabha. |
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Google nears Nvidia in race for world’s most valuable company
Market cap gap narrows as Google hits $4.65 trillion, Nvidia at $4.86 trillion.
MUMBAI: In the AI gold rush, even the giants are sprinting and Google is suddenly gaining ground. Google is rapidly closing in on Nvidia in the race to become the world’s most valuable publicly listed company, with the gap between the two narrowing sharply amid diverging stock momentum. The tech giant’s market capitalisation has surged to around $4.65 trillion, following a more than 140 per cent rise in its share price over the past year.
That rally has added over $2.6 trillion in value in just 12 months, including nearly $900 billion since January alone. Its stock recently hovered at $381.80, slipping marginally by 0.04 per cent, but still reflecting strong upward momentum.
Nvidia, meanwhile, continues to hold the top spot with a valuation of approximately $4.86 trillion. The chipmaker crossed the $5 trillion milestone in October last year and peaked at $5.27 trillion on 27 April. However, its shares have largely plateaued over the past six months, rising just 0.2 per cent recently to $199.99.
The contrast in trajectories is striking. While Nvidia has seen relatively flat movement, Google has gained over 36 per cent in the same six-month period. Barron’s estimates suggest that if current trends hold, the valuation gap could shrink to as little as $190 million by the time Nvidia reports its first-quarter earnings on 20 May.
Daily momentum paints a similar picture. Nvidia recorded average daily gains of about 0.66 per cent last month, compared to Google’s stronger 1.42 per cent, an edge that could prove decisive in the short term.
Driving Google’s resurgence is its aggressive push into artificial intelligence across its ecosystem, from search and YouTube to cloud computing. The company has already invested $144 billion in capital expenditure over the past two years and plans to deploy a further $490 billion over the next two.
Its cloud division is also gathering pace. Google Cloud reported an order backlog of nearly $220 billion in the latest quarter, with total backlog touching a record $462 billion, around half of which is expected to be realised within two years. The company’s entry into chip sales is also beginning to factor into its growth narrative.
The last time Google briefly topped the S&P 500 by market value was in February 2016, when it edged past Apple for just two days. This time, the stakes and the numbers are far higher.
At the heart of the contest lies a single force: artificial intelligence. As both companies pour billions into infrastructure, chips and platforms, the leaderboard is no longer just about size, it is about who can scale the future faster.
