Technology
Nazara Gets NCLT Nod To Acquire Entertainment Startup Smaaash
SUMMARY Acquisition of Smaaash Entertainment has been approved by the National Company Law Tribunal, Mumbai, by an order pronounced on May 07 The online gaming company received the letter of intent (LoI) to acquire Smaaash in August last year Shares of Nazara closed 0.59% higher at INR 1,079.70 apiece on the BSE ending the fourth […]

Acquisition of Smaaash Entertainment has been approved by the National Company Law Tribunal, Mumbai, by an order pronounced on May 07
The online gaming company received the letter of intent (LoI) to acquire Smaaash in August last year
Shares of Nazara closed 0.59% higher at INR 1,079.70 apiece on the BSE ending the fourth session in green
Listed gaming major Nazara Technologies has received approval from the National Company Law Tribunal (NCLT) for its resolution plan to buy insolvency-ridden sports entertainment startup Smaaash Entertainment.
In an exchange filing, Nazara said, “We wish to inform you that the resolution plan submitted by the company for acquisition of Smaaash Entertainment Private Limited has been approved by the National Company Law Tribunal, Mumbai, by an order pronounced on May 07, subject to a modification of the provisos to the term effective date.”
The online gaming company received the letter of intent (LoI) to acquire Smaaash in August last year. During which, Nazara’s board also “in-principally” approved availing a bank guarantee of up to INR 20 Cr to acquire the sports entertainment company.
The gaming major’s move to buy Smaaash comes after the NCLT commenced insolvency proceedings against the sports entertainment startup in May 2022 pertaining to the dues it owed to creditors, including the likes of Edelweiss ARC, Yes Bank, SIDBI and Mabella Investment Advisors.
Smaaash owes nearly INR 452 Cr to Edelweiss alone.
The beleaguered company’s RP Bhrugesh Amin owns listed gaming machines, go-karts and bowling alleys, among others as its assets spanning across its 13 outlets.
Shares of Nazara closed 0.59% higher at INR 1,079.70 apiece on the BSE ending the fourth session in green, compared to its previous close of INR 1,073.40 per share.
The company’s market capitalisation currently stands at INR 9,459.93 Cr ($1.1 Bn).
Nazara, in a separate regulatory filing, also mentioned that the company has completed the sale of its 94.86% equity stake held in its subsidiary OpenPlay Technologies to online poker platform PokerBaazi’s parent entity Moonshine Technology for INR 104.33 Cr.
Post the deal, Nazara will hold a total of 4,87,266 compulsorily convertible preference shares (CCPS) in Moonshine, the filing said.
Nazara’s Acquisition Hill
The development comes close on the heels of its subsidiary Absolute Sports revealing its plans to acquire two of Titan Insider Digital IPs — TJRWrestling.net and ITRWrestling.com in an all cash deal for INR 10.5 Cr.
Absolute Sports will be acquiring both the companies via its US subsidiary Sportskeeda, and the deal is expected to close within the next 45 days.
At the same time, contributing to its acquisition spree, Nazara also bought a majority stake in Mumbai-based Funky Monkeys Play Centers Private Limited for INR 43.7 Cr (around $5.01 Mn), in February.
Prior to that, Nazara’s subsidiary NODWIN Gaming announced acquiring another 93% stake in gaming and esports media company AFK Gaming for INR 7.6 Cr via cash and equity swaps, in December last year.
In terms of financial performance, Nazara Technologies’ consolidated net profit declined 53.5% to INR 13.7 Cr in Q3 FY25 from INR 29.5 Cr in the year-ago quarter.
Meanwhile, its operating revenue zoomed 66.8% to its highest ever recorded INR 534.7 Cr during the quarter under review from INR 320.4 Cr in Q3 FY24.
Technology
Rent Your Shoes and Return Anytime with This Top Brand – No Purchase Necessary!
Continuously refreshing your wardrobe is now possible through a rental service offered by this well-known brand in France. However, be wary of the potential downsides. On average, French people buy about 2.5 pairs of shoes each year. However, for some, this number is significantly higher according to data from the Economic Observatory of the Leather […]

On average, French people buy about 2.5 pairs of shoes each year. However, for some, this number is significantly higher according to data from the Economic Observatory of the Leather Sector. These purchases can become a serious investment as high-quality footwear can quickly cost several dozens or even hundreds of euros.
To avoid breaking the bank every time they need or want new shoes, an increasing number of consumers are turning to rental services. It’s for this reason that one of France’s leading shoe brands has decided to offer this option. Customers can sign up for a subscription either online or in-store, select a brand-new pair of shoes, enjoy them for two months, and then send them back. They can then choose another pair, and continue this cycle indefinitely. If a customer decides to keep a pair instead of returning it, they can purchase it for 50% of the original sale price.
Once worn and returned, “all pairs are reconditioned in French workshops located in Anjou,” according to the Bocage website, which offers this rental service to both men and women. “The reconditioning patent allows for a 100% antibacterial treatment and reshaping,” the brand assures. All refurbished pairs are then made available on the brand’s second-hand site, Claquettes Market.
So how does Bocage manage to be financially viable? It’s simple—through the subscription fees. Renting a pair of shoes costs 30 euros per month throughout the year. While enjoying a new pair for only 60 euros over two months may seem cost-effective, remember to return them if you don’t wish to keep them. Failing to do so will make the shoes quite expensive in the long run. Bocage calculates that a pair is automatically considered purchased after 6 months, or 6 payments of 30 euros, totaling 180 euros.
Also, be mindful of potential frustrations with rented shoes. If the shoes return with a stain or a hole, you might face additional charges. “In the event of major damages such as persistent stains, broken or missing parts, or damaged heel coating, a fee of 60 euros will be charged,” warns the brand. Finally, be careful with your calculations. If you end up not keeping any pairs, you will have spent at least 360 euros after a year, only to find your shoe closet still empty… Consider cancelling your subscription if necessary.
Technology
3 Companies Scooping Up Shares — TradingView News
There are many ways that companies can keep shareholders happy, whether that be through robust financial performance or consistent dividend payouts, just for a few simple examples. Companies can also demonstrate a shareholder-friendly nature through share repurchase programs, also commonly known as stock buybacks. Several companies, including Arista Networks ANET, Apple AAPL, and Applied Industrial […]

There are many ways that companies can keep shareholders happy, whether that be through robust financial performance or consistent dividend payouts, just for a few simple examples.
Companies can also demonstrate a shareholder-friendly nature through share repurchase programs, also commonly known as stock buybacks.
Several companies, including Arista Networks ANET, Apple AAPL, and Applied Industrial Technologies AIT, recently unveiled fresh buybacks. Let’s take a closer look at the benefits and the announcements of each.
Benefits of Stock Buybacks
Stock buybacks, also known as share repurchase programs, are commonly deployed by companies to boost shareholder value.
A stock buyback occurs when a company purchases outstanding shares of its stock. In its simplest form, buybacks represent companies essentially re-investing in themselves. Reducing the number of outstanding shares can boost earnings per share (EPS), also helping to put a floor under shares, reflective of consistent buying pressure.
Still, it’s worth mentioning that buybacks can sometimes bring out critics, as some believe the cash could be better deployed elsewhere, such as R&D. Nonetheless, buybacks are generally a net positive for shareholders, particularly those of mature companies with a much smaller growth runway.
ANET Benefits from AI
Arista Networks’ latest set of quarterly results beat our consensus EPS and sales estimates handily, with revenue of $2.0 billion showing nearly 30% growth year-over-year. The company’s sales growth has been fueled by the AI frenzy, as the company is an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus, and routing environments.
The stock also sports a favorable Zacks Rank #2 (Buy), with EPS expectations increasing across the board. Arista Networks unveiled an additional $1.5 billion repurchase program in the release.
Apple Unveils Massive Stock Buyback
Down 15% year-to-date, Apple shares have struggled in 2025, underperforming relative to the S&P 500 in a big way and driven lower by initial tariff headlines. Shares faced pressure as a result, but the recent de-escalation announcement between the US and China has brought back positivity.
Apple unveiled a massive $100 billion additional repurchase program in its latest quarterly report, putting some of its cash to work. The earnings outlook for the tech titan remains under pressure, with analysts taking their EPS expectations lower across the board over recent months.
The evolving EPS outlook of Apple is certainly going to be interesting, particularly so amid all the back-and-forth news we’ve received concerning tariffs and other economic developments. It’s worth remembering that the company is no longer the growth machine it used to be, with EPS forecasted to climb 6% on 3% higher sales in its current fiscal year.
AIT Generates Serious Cash
Applied Industrial Technologies exceeded both our consensus EPS and sales estimates, with EPS growing 4% YoY on the back of a 2% sales increase. The company’s cash-generating abilities saw a notable boost throughout its latest period, with free cash flow of $115 million up 50% YoY.
The cash-generating abilities have allowed the company to sport a shareholder-friendly nature, currently boasting a 5% five-year annualized dividend growth rate. AIT unveiled a new repurchase program to buy up to 1.5 million shares, replacing the prior repurchase plan.
As shown in the annual chart below, AIT’s dividend consistency is stellar. Please note that the final value is currently shown on a trailing twelve-month basis, as the company’s current fiscal year is not over yet.
Bottom Line
Companies commonly deploy repurchase programs to boost shareholder value, all of which we’ve recently seen from Arista Networks ANET, Apple AAPL, and Applied Industrial Technologies AIT.
All three companies have been aggressively buying shares over recent years, helping put in a floor while also aiding EPS. Though buybacks are criticized by some, they make great sense for mature companies with little growth left to squeeze.
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Technology
Android 16 Update Revolutionizes Your Smartphone Experience!
Through a series of videos released on YouTube, Android has announced a raft of new features coming to your smartphone, including complete overhauls of some interfaces. In the lead-up to the I/O conference scheduled for May 20 and 21, Android has previewed some upcoming enhancements for your smartphone. These updates include redesigned interfaces for Android […]

In the lead-up to the I/O conference scheduled for May 20 and 21, Android has previewed some upcoming enhancements for your smartphone. These updates include redesigned interfaces for Android phones and smartwatches, as well as new features for Gemini and device security.
Material 3 Expressive: A Fresh Look for Your Android Phone
Set for an early release on Google Pixel devices this year, “Material 3 Expressive” is the new interface that will form the foundation for Android smartphones in the future. The philosophy behind it is “everyone is unique, so smartphones should be too.”
Material 3 Expressive introduces a variety of new designs and fonts for your menus, interfaces, and notifications. Edges are more rounded while backgrounds have become more transparent.
Fully integrated with Android 16, Material 3 Expressive also includes real-time activities reminiscent of Apple’s “Dynamic Island” on its iPhones. For example, when you want to track a live activity such as a ride on Uber or Uber Eats.
Gemini Live Unveils New Features
Google’s artificial intelligence continues to advance. In a demonstration featuring a Samsung Galaxy S25 Ultra, Android’s teams showcased the latest capabilities of Gemini with live access to your screen content, as well as your camera. Simply point at an item to inquire about it with Gemini.
In the demonstration, the Android teams showed how you can get real-time information about an object, a place, or even a person. Unsure about a location in front of you? Point your camera at it and ask Gemini directly. These features remain optional and can be enabled or disabled by users.
Android also took the opportunity during its presentation to highlight Gemini’s capabilities in vehicles and on smartwatches equipped with Wear OS. This allows you to access the assistant directly from your wrist.
Enhanced Security for Android Smartphones
Finally, Google’s presentation on Android 16 introduced several new features for the security of your devices. The company highlighted recent innovations such as protection against theft and spam detection.
Google also announced “Find Hub,” a dedicated interface for locating your connected objects, as well as your contacts with whom you share your data. The app thus brings together all your trackers and connected devices compatible with the “find” function, as well as those of your approved contacts.
Satellite connectivity is also still on the agenda for Android and is expected to be available soon in certain regions of the world.
Android 16 will be available later this year with a preview on Google Pixel smartphones before a broader rollout in the following weeks. The visual overhaul will be offered soon thereafter.
Technology
Awarded $1.3 million, Pulaski based AgTech company transforming poultry barns for environmental health
MOVA Technologies, a Pulaski based AgTech company, has been awarded up to $1.3 million through the Virginia Department of Environmental Quality’s Pay-for-Outcomes Nonpoint Source Pollution Reduction Grant Program. This innovative, results-based initiative funds only proven reductions in nutrient pollution flowing into the Chesapeake Bay watershed. For MOVA, waste reduction all starts in a chicken coup. […]

MOVA Technologies, a Pulaski based AgTech company, has been awarded up to $1.3 million through the Virginia Department of Environmental Quality’s Pay-for-Outcomes Nonpoint Source Pollution Reduction Grant Program. This innovative, results-based initiative funds only proven reductions in nutrient pollution flowing into the Chesapeake Bay watershed.
For MOVA, waste reduction all starts in a chicken coup. Inside the average poultry barn, there’s an invisible problem that’s costing farmers money and harming waterways.
Chicken droppings release ammonia as bacteria decompose them. This pungent-smelling gas is harmful to both chickens and humans, and high levels can cause respiratory issues, conjunctivitis, and reduced egg production.
MOVA created a filtration system that captures toxic ammonia from chicken waste before it escapes into the environment. Their system, called FEATHER, cleans the air chickens breathe while stopping their pollution from reaching the Chesapeake Bay.
MOVA’s project was one of just nine selected from 30 applications, earning eligibility for up to $19 million in total funding. Projects were evaluated based on their potential pollution reduction impact, technical readiness, and implementation feasibility.
“Recognition from DEQ reinforces the importance of practical, market-driven solutions to environmental challenges. By removing ammonia at the source, we’re not just protecting water quality—we’re creating healthier barns and stronger business outcomes for poultry producers,“ said John Schott, CEO of MOVA Technologies in an interview with 10 News.
MOVA’s FEATHER System is a next-generation air purification platform engineered to capture and reduce toxic ammonia levels inside poultry barns. The system delivers two core benefits: it enhances indoor air quality to support bird health, welfare, and farm productivity, and it significantly reduces ammonia emissions, a source of nitrogen pollution in nearby waterways.
“Recognition from DEQ reinforces the importance of practical, market-driven solutions to environmental challenges,” said John Schott, CEO of MOVA Technologies. “By removing ammonia at the source, we’re not just protecting water quality—we’re creating healthier barns and stronger business outcomes for poultry producers.”
According to DEQ projections, MOVA’s project will prevent an estimated 47,100 pounds of nitrogen from entering the Chesapeake Bay watershed.
Allison said MOVA will receive funding for every pound it proves to the state it prevents from escaping into the environment.
“The grant is a paid for outcomes program. It’s a pilot program from Virginia DEQ. And the program pays for every pound of nitrogen that you prevent from going into the Chesapeake Bay watershed. For us, we capture ammonia inside poultry houses, which is a large source of nitrogen. So the way that the grant works is we capture it and we prove to them that we’ve kept it out of the Chesapeake Bay watershed and they pay us,” Allison said.
“By improving indoor air quality, we see better bird performance and lower heating costs,” said Luke Allison, Chief Advancement Officer at MOVA Technologies. “That translates to higher farm profits and a reduced environmental footprint for the industry.”
Supported by a previous grant award from the USDA, field trials of the FEATHER System are set to begin this summer at a commercial poultry facility in Virginia’s Shenandoah Valley. Outcomes from the pilot will inform a broader rollout planned for 2026, including multi-farm implementation agreements across the region.
DEQ Director Michael Rolband emphasized the program’s broader value: “These projects push the envelope of what’s possible for the Bay—and at the lowest possible cost for nonpoint source projects.” The nine funded projects are expected to collectively eliminate approximately 580,000 pounds of nitrogen from entering the Bay, at an average cost of just $32.73 per pound.
MOVA receiving the grant is also a major milestone for Pulaski. 10 News spoke to Town Manager Todd Day who says Pulaski is working to become a hub for AgTech innovation.
“It’s the only technology, not only in Pulaski or the Commonwealth, it is the only technology in the world. So, we’re innovators of a brand new technology in the Ag development field and it’s right here in the town of Pulaski. We’re fully supportive of the program, and we look forward to big things coming out of it,” Day said.
Allison said the the area is well positioned geographically to attract more innovates in the industry.
“Here in the town of Pulaski, we’re looking at building credibility for other ag tech companies to come to this area, leveraging resources like Virginia Western Community College, Virginia Extension, Virginia Tech. We’re just in a really optimal location being here in Pulaski right off the 81 corridor. It’s really beneficial for companies like us because of all the support that we get from the town and county,” Allison said.
More information about the DEQ Pay-for-Outcomes Pilot Program and a full list of awardees can be found at:Virginia DEQ
Copyright 2025 by WSLS 10 – All rights reserved.
Technology
Intel’s new chip manufacturing technology is its greatest hope for a turnaround — and its biggest risk
Intel’s (INTC) efforts to restore the chip giant to its former glory may hinge on a new manufacturing process the company calls 18A. Short for 18 angstroms — an angstrom is equal to 0.1 nanometers — 18A is, according to Wall Street analysts and chip industry experts, Intel’s last hope to take back the semiconductor […]

Intel’s (INTC) efforts to restore the chip giant to its former glory may hinge on a new manufacturing process the company calls 18A.
Short for 18 angstroms — an angstrom is equal to 0.1 nanometers — 18A is, according to Wall Street analysts and chip industry experts, Intel’s last hope to take back the semiconductor crown from rival TSMC (TSM).
Available later this year, 18A takes advantage of two manufacturing techniques that TSMC isn’t using yet: gate-all-around transistors and backside power. Intel says the technologies will improve its chips’ performance and efficiency.
But Intel isn’t just using 18A to reclaim its place as a leading chipmaker. The company is also banking on using the technology to move in on TSMC’s contract manufacturing business by building 18A-based chips for itself and custom versions for third-party customers.
But that’ll prove difficult. TSMC already builds chips for companies including AMD, Apple, and Nvidia. Intel opened up its manufacturing business to outside clients in 2021 under former CEO Pat Gelsinger. But Wall Street analysts and executives grew exasperated with his strategy and what they saw as unrealistic goals for the business, which lost $13.4 billion in 2024 despite recording a revenue of $17.5 billion.
So far, Amazon and Microsoft have signed on to build their own chips using Intel’s 18A process, with the hope that others will follow suit. But CFO David Zinsner says third-party commitments are “not significant” yet, according to Reuters.
Intel’s 18A is so important because it’s introducing two technologies to the company’s chips at once. First, it’s taking advantage of gate-all-around transistors — next-generation transistors that can more actively control the flow of electricity through a chip. It’s also using a technique called backside power, which changes where and how power is delivered to a chip’s transistors to enable more efficiency and better performance.
Together, the two technologies would help improve AI application performance without running into energy constraints, UC Santa Barbara engineering professor Kaustav Banerjee told Yahoo Finance. That would cut down on problems like overheating — something that reportedly plagued Nvidia’s Blackwell graphics processing units (GPUs) when they were in development.
Taking first-mover advantage in the chip industry typically means big wins for a semiconductor manufacturer. Intel’s founders invented modern semiconductors, and the chipmaker was the first to successfully manufacture a new kind of transistor called Finfet in 2011.
Technology
Garmin’s titanium smartwatch might make Apple nervous (here’s exactly why)
The smartwatch wars just heated up with Garmin’s latest releases. The Forerunner 970 and 570 represent two distinct approaches to fitness tracking – one premium, one more accessible. But what exactly separates these two powerhouses, and which deserves your wrist space? Let’s dive into what makes each unique in this rapidly evolving wearable landscape that’s […]

The smartwatch wars just heated up with Garmin’s latest releases. The Forerunner 970 and 570 represent two distinct approaches to fitness tracking – one premium, one more accessible. But what exactly separates these two powerhouses, and which deserves your wrist space? Let’s dive into what makes each unique in this rapidly evolving wearable landscape that’s challenging even smart glasses for tech dominance.
Premium materials: The luxury difference
The Forerunner 970 immediately distinguishes itself with premium materials – a titanium bezel and sapphire crystal lens that scream durability. Meanwhile, the 570 opts for a more standard build with Corning Gorilla Glass 3, making it like choosing between a luxury SUV and a reliable sedan – both will get you there, but one does it with more style.
“The titanium construction isn’t just about aesthetics,” says Taylor Johnson, fitness technology analyst. “It provides substantially better durability for athletes pushing their limits in extreme conditions, justifying part of that $200 price difference.”
Heart rate innovation that rivals medical devices
Both watches feature Garmin’s newest Elevate Gen5 optical heart rate sensor, but the 970 takes health monitoring up a notch with on-demand ECG capabilities. This feature alone makes it a serious contender against devices like the Ray-Ban Meta glasses in the health tech space.
Battery life that doesn’t quit
The 970 delivers an impressive 15-day battery life in smartwatch mode, while the 570 offers a respectable 11 days. Like Sony’s new phone battery technology, Garmin has managed to improve performance without increasing size.
“What’s remarkable is how Garmin maintains battery efficiency while adding power-hungry features like AMOLED displays and always-on heart rate monitoring,” notes Maria Chen, endurance coach and tech reviewer.
Training features that make or break your decision
The 970’s advanced features truly separate these devices:
- Running Economy and Step Speed Loss metrics
- Triathlon-specific coaching
- 15 additional sport profiles
- Enhanced mapping capabilities
The 570, while impressive, offers a more streamlined experience focused on essential metrics. Think of it as the difference between having a personal coach versus a quality training plan – both effective, but one more comprehensive.
Smart features catching up to dedicated headphones
Both watches now feature built-in speakers and microphones for calls, putting them in competition with devices like high-end noise-canceling headphones for quick conversations. They’re like Swiss Army knives that keep adding tools without sacrificing their core purpose.
Price difference: Justifiable splurge?
At $750, the 970 represents a significant investment compared to the $549 570. Consider these factors when deciding:
- Advanced training metrics necessity
- Importance of premium materials
- ECG functionality value to you
- Long-term durability considerations
Which should you choose?
The 570 delivers exceptional value for recreational athletes and fitness enthusiasts who want comprehensive tracking without breaking the bank. The 970 is for dedicated athletes seeking every possible training advantage and premium construction, similar to how audiophiles might choose Sony’s premium headphones for the ultimate sound experience.
What’s your training style, and how might it evolve? The answer likely reveals which Forerunner belongs on your wrist. Both deliver Garmin’s renowned reliability, just wrapped in different packages designed for different journeys. Your perfect match awaits – it’s just a matter of knowing which path you’re on.
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