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Google Advertisement Surge, Online Shopping Drive Record Profit for Alphabet

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3 years ago

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Google Advertisement Surge, Online Shopping Drive Record Profit for Alphabet

Google’s owner Alphabet announced higher-than-expected third-quarter advertising sales on Tuesday, indicating that the company is overcoming new restrictions on tracking mobile users and that online shopping is as popular as it always has before entering the holiday season.

Through its search engine, YouTube video service, and partnerships on the Internet, Google sells more Internet advertising than any other company. In the past year, as the pandemic forced people to spend more time online and their new habits persisted, demand for their services surged. Google’s advertising revenue in the third quarter increased by 41% to US$53.1 billion (approximately Rs 3,980,100 million).

Alphabet’s total sales jumped to 65.1 billion U.S. dollars (approximately 4,877.3 billion rupees), which is higher than the average estimate of 63.3 billion U.S. dollars (approximately 4,742.5 billion rupees) by analysts tracked by Refinitiv. Philipp Schindler, Google’s chief business officer, said: “The transition from consumers to digital is real, and even if we start to see people returning to stores, this transition will continue.”

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“The underlying conclusion is that people want more. More choices, they want more information, more flexibility, and we don’t think this situation will be reversed.” After the financial results were released after the market, the stock price fell 0.93% to US$2,760.19 (approximately Rs 200,000).

News Source : Gadgets 360

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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