YouTube,
the world's largest online video-sharing platform, today said it now has more
than a billion unique users every single month, or nearly one out of every two
people on the Internet visits the Google-owned site. "If YouTube were a
country, we'd be the third largest in the world after China and India. Nearly
one out of every two people on the Internet visits YouTube," the YouTube
Team said in a blog post. "PSY (the South Korean rapper) and Madonna would
have to repeat their Madison Square Garden performance in front of a packed
house 200,000 more times. That's a lot of Gangnam Style!" said the
fast-growing video website. From the aspiring filmmaker in his basement and the
next great pop musician, to the fans all around the world who tune in,
subscribe and share their favourite videos with the planet, thank you for
making YouTube what it is today. You have truly created something special, said
the YouTube Team. Founded in 2005, YouTube allows billions of people to
discover, watch and share originally-created videos. In 2006, Google bought the
website for USD 1.65 billion.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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