New Delhi: Former Indian Prime Minister Dr. Manmohan Singh, an iconic economist and politician, passed away today at AIIMS , New Delhi, at the age of 92. Revered as a symbol of intellect, integrity, and foresight, Singh leaves behind a monumental legacy in Indian politics and economic reforms. Born on September 26, 1932, in Gah, Punjab (now Pakistan), Dr. Singh’s journey was one of resilience. His family migrated to India during the Partition of 1947, settling in Amritsar. A brilliant student, he earned degrees in Economics from Panjab University, Cambridge, and Oxford, becoming one of India’s leading economists. Before stepping into politics, Singh held key roles such as Chief Economic Advisor, Governor of the Reserve Bank of India, and Deputy Chairman of the Planning Commission. His appointment as Finance Minister in 1991 marked a turning point for India. Amidst a severe economic crisis, Singh implemented bold reforms that liberalized India’s economy, earning global recognition. Dr. Manmohan Singh made history as India’s first Sikh Prime Minister in 2004. Despite not winning a direct election, his tenure was marked by transformative initiatives: Also Read: Best Student Visa Destinations for Indians in 2025: Which Countries Are the Top Picks? Find Out Here Under his leadership, India experienced robust economic growth and strengthened global ties, particularly with the U.S. through the landmark civil nuclear deal. Manmohan Singh Ji led India with immense wisdom and integrity. His humility and deep understanding of economics inspired the nation. My heartfelt condolences to Mrs. Kaur and the family. I have lost a mentor and guide. Millions of us who admired him will remember him with the... pic.twitter.com/bYT5o1ZN2R While Singh’s first term was celebrated, his second term faced criticism due to high-profile corruption scandals, including the 2G spectrum and coal allocation cases. Despite the controversies, his personal integrity remained unquestioned. Dr. Singh played a pivotal role in enhancing India’s relations with Pakistan and China, reopening the Nathula Pass and fostering trade. India also became a significant contributor to Afghanistan’s rebuilding efforts under his leadership. After retiring from active politics in 2014, Dr. Singh continued to guide the Congress party and remained a respected figure. Known for his humility and dedication to public service, he was admired across party lines. Prime Minister Narendra Modi expressed condolences, saying, “Dr. Manmohan Singh was a beacon of wisdom and service. His contributions to India’s economic and social fabric will be remembered for generations.” Dr. Singh is survived by his wife, Gursharan Kaur, and three children. A state funeral will be held tomorrow in New Delhi, where the nation will bid farewell to one of its greatest leaders.
Cheating in online games has become a prevalent issue in recent years, tarnishing the immersive and competitive experience for genuine players. Recognizing this growing concern, the administrators of "Infinite Warmth" have undertaken proactive measures to identify and penalize those engaging in unethical behavior.
One of the key pillars of Porsche's success is its unwavering dedication to quality and craftsmanship. Every Porsche vehicle is a masterpiece of precision engineering, meticulously designed and crafted to deliver an unparalleled driving experience. From the sleek lines of the iconic 911 to the raw power of the Cayenne SUV, each Porsche model exemplifies the brand's commitment to excellence.The decision to increase gold reserves is seen as a strategic move by the People's Bank of China to hedge against risks in the global financial market. Gold is often considered a safe-haven asset that can provide stability and security in times of economic uncertainty. By increasing its gold reserves, the central bank is taking proactive steps to safeguard the country's financial stability.Pacers' Haliburton tries to rediscover joy of basketball
MIAMI , Dec. 26, 2024 /PRNewswire/ -- Gary Brecka , wife Sage Workinger and respective entities, IJS and TPH, today filed significant lawsuits related to their partnership with Cardone Ventures, LLC. The first complaint is a $100M defamation lawsuit filed by Brecka and Workinger against Elena Cardone , wife of Grant Cardone who co-founded 10X Health with Brecka and Workinger. It details the process by which Mrs. Cardone launched an allegedly intentional smear campaign designed to damage Brecka's reputation, including making false incendiary social media posts and nefarious public statements. The second complaint names Cardone Ventures LLC, a consulting firm claiming to help founders scale their businesses, and its CEO Brandon Dawson as defendants. The complaint details predatory efforts by Dawson and Cardone Ventures to take over 10X Health and edge out Brecka and Workinger through nefarious means and breaches of contractual agreements. Individuals who have worked with Cardone Ventures or CEO Brandon Dawson and may have information or similar complaints may call 305-603-0805 to leave confidential information for legal team review. Editor's Note #1: Copies of both complaints are included with this press release or available upon request. Exhibit information is also available upon request. Editor's Note #2: Brecka and Workinger are available for phone and on-camera interviews. Contact: Josh Merkin rbb communications (954) 789-5530 View original content to download multimedia: https://www.prnewswire.com/news-releases/renowned-human-biologist-and-longevity-expert-gary-brecka-files-100m-defamation-claim-against-elena-cardone-and-lawsuit-against-cardone-ventures-in-response-to-questionable-business-practices-302339380.html SOURCE IJS and TPH
Thousands of people have protested in Georgia's capital Tbilisi after a former professional soccer player with backing from a pro-Russian party was sworn in as the country's new president. Mikheil Kavelashvili, 53, was formally inaugurated on Sunday, amid a political crisis after the government froze European Union application talks in a move that sparked major protests. Mr Kavelashvili, a former Manchester City player and hardline critic of the West, pledged to be "everyone's president, regardless of whether they like me or not". The president in Georgia is largely a ceremonial position but the opposition says his governance will be a blow to the country's EU aspirations and a victory for former imperial ruler Russia. Four opposition parties claim October's election was rigged with help from Russia, the government has suspended its application to join the European Union, and outgoing pro-EU president Salome Zourabichvili is refusing to step down from her position, saying she's the only legitimate president. "I will come out of here, come out to you and be with you. ... This presidential residence was a symbol as long as there was a president here who was legitimate. I bring legitimacy with me," Ms Zourabichvili told a crowd of supporters outside the Orbeliani Palace in Tbilisi. She called Mr Kavelashvili's inauguration a "parody". Mr Kavelashvili was the only candidate on the ballot and easily won the vote earlier in December given the Georgian Dream party's control of a 300-seat electoral college that replaced direct presidential elections in 2017. In his speech on Sunday, he called for the nation to unite behind him around "shared values, the principles of mutual respect, and the future we should build together". Georgian Dream retained control of Parliament in the South Caucasus nation in an October 26 election that the opposition alleges was rigged with Moscow's help. The party has vowed to continue pushing toward accession in the European Union but also wants to "reset" ties with Russia. Georgia's main pro-Western parties have boycotted the post-election parliamentary sessions and demanded a re-run of the ballot. Opposition members say Mr Kavelashvili was not duly picked as the politicians who chose him were elected in October's allegedly fraudulent election. Ruling party denies pro-Russian turn The presidential stand-off is seen as a watershed moment in Georgia, a mountainous country of 3.7 million that had until recently been regarded as among the most democratic and pro-Western of the former Soviet states. In 2008 Russia fought a brief war with Georgia, which led to Moscow's recognition of two breakaway regions as independent, and an increase in the Russian military presence in South Ossetia and Abkhazia. Mr Kavelashvili is a loyalist of Bidzina Ivanishvili, a reclusive billionaire ex-prime minister who is widely seen as Georgia's de facto leader. Mr Ivanishvili was sanctioned by the US on Friday for spearheading Georgia's current anti-Western and pro-Russian turn. Critics have accused Georgian Dream — established by Mr Ivanishvili — of becoming increasingly authoritarian and tilted toward Moscow, accusations the ruling party has denied. The party recently pushed through laws similar to those used by the Kremlin to crack down on freedom of speech and LGBTQ+ rights. It comes amid a month of protests in the country sparked by Georgian Dream's suspension of European Union accession talks until 2028, abruptly halting a longstanding national goal of joining the bloc that is written into the country's constitution. Thousands of demonstrators converged on the parliament building every night after the government announced the suspension of EU accession talks on November 28. Riot police used water cannons and tear gas almost daily to disperse and beat scores of protesters, some of whom threw fireworks at police officers and built barricades on the capital's central boulevard. Hundreds were detained and more than 100 treated for injuries. On Sunday protesters outside parliament held up red cards in a mocking reference to Mr Kavelashvili's soccer career. Local media reported six people were briefly detained amid scuffles with the police. "Because today our president is a footballer, we are showing him a red card," a protester told The Associated Press. "The next step will be sending him off the pitch. The Georgian people will definitely do this, because it was a circus that they have held today in the parliament." ABC/wires ABCA woman in Hangzhou, China fell victim to a scam that cost her 80,000 RMB after being lured by high rebates to participate in fraudulent shopping schemes. The victim, identified as Ms. Li, was enticed by promises of lucrative returns for buying goods online and leaving positive reviews. However, she soon discovered that the entire operation was a sophisticated scam designed to exploit her financial vulnerability and trust in the scheme's organizers.Renowned Human Biologist and Longevity Expert Gary Brecka Files $100M Defamation Claim Against Elena Cardone and Lawsuit Against Cardone Ventures in Response to Questionable Business Practices
Title: Clash Erupts as Male City Management Officer in Nanning Gets Slapped and Provoked by OnlookerDelivers Outperformance Across All First Quarter Guided Metrics Reports 18% YoY ARR Growth and Strong Free Cash Flow SAN JOSE, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2024. “During our first quarter we delivered outperformance across our guided metrics,” said Rajiv Ramaswami, President and CEO of Nutanix. “We also continued to bring innovations to the market supporting our vision of becoming the leading platform for running apps and managing data, anywhere, while strengthening our partner ecosystem.” “Our first quarter results demonstrated a good balance of top and bottom line performance with 18% year-over-year ARR growth and strong free cash flow generation,” said Rukmini Sivaraman, CFO of Nutanix. “We remain focused on delivering sustainable, profitable growth.” First Quarter Fiscal 2025 Financial Summary Reconciliations between GAAP and non-GAAP financial measures and key performance measures, to the extent available, are provided in the tables of this press release. Recent Company Highlights Second Quarter Fiscal 2025 Outlook Fiscal 2025 Outlook Supplementary materials to this press release, including our first quarter fiscal 2025 earnings presentation, can be found at https://ir.nutanix.com/financial/quarterly-results . Webcast and Conference Call Information Nutanix executives will discuss the Company’s first quarter fiscal 2025 financial results on a conference call today at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. Interested parties may access the conference call by registering at this link to receive dial in details and a unique PIN number. The conference call will also be webcast live on the Nutanix Investor Relations website at ir.nutanix.com . An archived replay of the webcast will be available on the Nutanix Investor Relations website at ir.nutanix.com shortly after the call. Footnotes 1Annual Recurring Revenue, or ARR, for any given period, is defined as the sum of ACV for all subscription contracts in effect as of the end of a specific period. For the purposes of this calculation, we assume that the contract term begins on the date a contract is booked, unless the terms of such contract prevent us from fulfilling our obligations until a later period, and irrespective of the periods in which we would recognize revenue for such contract. Excludes all life-of-device contracts. ACV is defined as the total annualized value of a contract. The total annualized value for a contract is calculated by dividing the total value of the contract by the number of years in the term of such contract. Excludes amounts related to professional services and hardware. 2Average Contract Duration represents the dollar-weighted term, calculated on a billings basis, across all subscription contracts, as well as our limited number of life-of-device contracts, using an assumed term of five years for life-of-device licenses, executed in the period. 3Weighted average share count used in computing diluted non-GAAP net income per share. Non-GAAP Financial Measures and Other Key Performance Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, this press release includes the following non-GAAP financial and other key performance measures: non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, free cash flow, Annual Recurring Revenue (or ARR), and Average Contract Duration. In computing non-GAAP financial measures, we exclude certain items such as stock-based compensation and the related income tax impact, costs associated with our acquisitions (such as amortization of acquired intangible assets, income tax-related impact, and other acquisition-related costs), restructuring charges, litigation settlement accruals and legal fees related to certain litigation matters, the amortization and conversion of the debt discount and issuance costs related to convertible senior notes, interest expense related to convertible senior notes, and other non-recurring transactions and the related tax impact. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, and non-GAAP operating margin are financial measures which we believe provide useful information to investors because they provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. Free cash flow is a performance measure that we believe provides useful information to our management and investors about the amount of cash generated by the business after capital expenditures, and we define free cash flow as net cash provided by (used in) operating activities less purchases of property and equipment. ARR is a performance measure that we believe provides useful information to our management and investors as it allows us to better track the topline growth of our subscription business because it takes into account variability in term lengths. We use these non-GAAP financial and key performance measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, and free cash flow are not substitutes for gross margin, operating expenses, operating income (loss), operating margin, or net cash provided by (used in) operating activities, respectively. There is no GAAP measure that is comparable to ARR or Average Contract Duration, so we have not reconciled the ARR or Average Contract Duration data included in this press release to any GAAP measure. In addition, other companies, including companies in our industry, may calculate non-GAAP financial measures and key performance measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures and key performance measures as tools for comparison. We urge you to review the reconciliation of our non-GAAP financial measures and key performance measures to the most directly comparable GAAP financial measures included below in the tables captioned “Reconciliation of GAAP to Non-GAAP Profit Measures” and “Reconciliation of GAAP Net Cash Provided By Operating Activities to Non-GAAP Free Cash Flow,” and not to rely on any single financial measure to evaluate our business. This press release also includes the following forward-looking non-GAAP financial measures as part of our second quarter fiscal 2025 outlook and/or our fiscal 2025 outlook: non-GAAP operating margin and free cash flow. We are unable to reconcile these forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures without unreasonable efforts, as we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact the GAAP financial measures for these periods but would not impact the non-GAAP financial measures. Forward-Looking Statements This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding: our business momentum and prospects; our innovations supporting our vision of becoming the leading platform for running applications and managing data, anywhere; strengthening our partner ecosystem; our focus on delivering sustainable, profitable growth; our second quarter fiscal 2025 outlook; and our fiscal 2025 outlook. These forward-looking statements are not historical facts and instead are based on our current expectations, estimates, opinions, and beliefs. Consequently, you should not rely on these forward-looking statements. The accuracy of these forward-looking statements depends upon future events and involves risks, uncertainties, and other factors, including factors that may be beyond our control, that may cause these statements to be inaccurate and cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by such statements, including, among others: the inherent uncertainty or assumptions and estimates underlying our projections and guidance, which are necessarily speculative in nature; any failure to successfully implement or realize the full benefits of, or unexpected difficulties or delays in successfully implementing or realizing the full benefits of, our business plans, strategies, initiatives, vision, objectives, momentum, prospects and outlook; our ability to achieve, sustain and/or manage future growth effectively; the rapid evolution of the markets in which we compete, including the introduction, or acceleration of adoption of, competing solutions, including public cloud infrastructure; failure to timely and successfully meet our customer needs; delays in or lack of customer or market acceptance of our new solutions, products, services, product features or technology; macroeconomic or geopolitical uncertainty; our ability to attract, recruit, train, retain, and, where applicable, ramp to full productivity, qualified employees and key personnel; factors that could result in the significant fluctuation of our future quarterly operating results (including anticipated changes to our revenue and product mix, the timing and magnitude of orders, shipments and acceptance of our solutions in any given quarter, our ability to attract new and retain existing end-customers, changes in the pricing and availability of certain components of our solutions, and fluctuations in demand and competitive pricing pressures for our solutions); our ability to form new or maintain and strengthen existing strategic alliances and partnerships, as well as our ability to manage any changes thereto; our ability to make share repurchases; and other risks detailed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2024 filed with the U.S. Securities and Exchange Commission, or the SEC, on September 19, 2024. Additional information will be set forth in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, which should be read in conjunction with this press release and the financial results included herein. Our SEC filings are available on the Investor Relations section of our website at ir.nutanix.com and on the SEC's website at www.sec.gov . These forward-looking statements speak only as of the date of this press release and, except as required by law, we assume no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any of these forward-looking statements to reflect actual results or subsequent events or circumstances. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera ir@nutanix.com Media Contact: Lia Bigano pr@nutanix.com _____________ (1) Includes the following stock-based compensation expense: (2) Includes the following amortization of intangible assets: _____________ (1) Included within other assets—non-current in the condensed consolidated balance sheets. Subscription revenue — Subscription revenue includes any performance obligation which has a defined term, and is generated from the sales of software entitlement and support subscriptions, subscription software licenses and cloud-based software-as-a-service, or SaaS, offerings. Professional services revenue — We also sell professional services with our products. We recognize revenue related to professional services as they are performed. Other non-subscription product revenue — Other non-subscription product revenue includes $8.1 million and $1.9 million of non-portable software revenue for the three months ended October 31, 2023 and 2024, respectively, and $0.6 million and $1.1 million of hardware revenue for the three months ended October 31, 2023 and 2024, respectively. _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Other (5) Amortization of debt issuance costs related to convertible senior notes (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 22,273 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plans _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Amortization of debt discount and issuance costs and interest expense related to convertible senior notes (5) Other (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 51,371 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plansIn times of crisis, it is inspiring to see people come together to support one another. The solidarity and strength shown by the affected communities reflect the resilience of the Filipino spirit. With the support of government agencies, non-governmental organizations, and volunteers, the affected areas will be able to recover and rebuild in the aftermath of the volcanic eruption.