Microsoft surpasses Alphabet to become 3rd most valuable firm
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San Francisco, May 30: Microsoft has surpassed Alphabet, the parent company of Google, in the market capitalisation for the first time in three years, becoming the third most valuable firm after Apple and Amazon globally.
According to a report in Investor's Business Daily late Tuesday, Microsoft had a market cap of $753 billion at the close of trading, almost $14 billion ahead of Alphabet.
Apple leads with a market cap of nearly $924 billion and Amazon is at distant second, with nearly $783 billion.
The credit for Microsoft's rise goes to its CEO Satya Nadella who has been strategically restructuring the company towards Cloud and Office offerings.
Driven by consistent growth in its Office and Cloud solutions, Microsoft posted a revenue of $26.8 billion and net income of $7.4 billion in its third quarter that ended on March 31.
"We are innovating across key growth categories of infrastructure, AI, productivity and business applications to deliver differentiated value to customers," Nadella said.
Office commercial products and Cloud services revenue increased 14 per cent -- driven by Office 365 commercial revenue growth of 42 per cent.
The Azure cloud offering had 93 per cent revenue growth. Revenue in Productivity and Business Processes was $9 billion and increased 17 per cent in the quarter.
Microsoft now has over 135 million active Office 365 business users, with 30.6 million Office 365 consumer users.
Revenue in Intelligent Cloud was $7.9 billion and increased 17 per cent.
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Shivaji Maharaj was 100% secular, the ultimate ideal king: Union Minister Nitin Gadkari
New Delhi, Apr 3 (PTI): Union Minister Nitin Gadkari has described Shivaji Maharaj as an exemplary king, a benevolent ruler, and a "100 per cent secular figure." He said if there is an ultimate ideal, it is undoubtedly Shivaji Maharaj.
Speaking at the launch of the book "The Wild Warfront - Shivaji Maharaj: Volume 2" by Vishwas Patil, Gadkari, who claimed that he has only one photograph in his office – that of Shivaji Maharaj -- said the Chhatrapati holds a special place in the hearts of Indians and is even more significant to him than his own parents.
"Nowadays, the word 'secular' is very popular, but the meaning of the word 'secular' in the English dictionary is not religious neutrality. The meaning of the word secular is 'equal respect for all religions,' treating all religions with equal justice. This is the meaning of secular. And Chhatrapati Shivaji Maharaj was a public welfare king in our country’s history who was 100 per cent secular.
"Particularly throughout his history, he won many battles and never attacked a mosque... He always showed respect for women, was a king devoted to the people, and was strict in administration," Gadkari said to a packed audience at Maharashtra Sadan on Wednesday.
To emphasise his point about Shivaji being a secular and just king, Gadkari referenced the Battle of Pratapgarh, which took place on November 10, 1659, between the Maratha forces led by Shivaji Maharaj and the Bijapur troops under General Afzal Khan.
The 67-year-old lauded how, after killing Khan, Maharaj ordered his army — which he mentioned included many Muslim soldiers — to bury Khan with full respect at the battlefield -- Pratapgarh Fort.
Congress leader Shashi Tharoor, who was also present at the launch, said he was happy that Gadkari discussed the secular aspect of Shivaji Maharaj, a quality that, he argued, is often underappreciated, even by the Maharaj's own admirers.
According to the Lok Sabha MP of Thiruvananthapuram, it was Shivaji, who after many of his conquests, gave strict instructions to his soldiers that "if they ever came across a Quran, they should pick it up, treat it with respect until they could find a Muslim to hand it over to."
He added, "Those were the kind of values that Shivaji had. We all know about Shivaji's chivalry towards women, the extraordinary grace with which he dealt with the people, and the fact that his army consisted of people from every caste. Literally, every caste, from Dalit to Brahmin, was with him — around him, amongst his courtiers, and amongst his soldiers. He had Muslim soldiers. There was absolutely no bigotry in Shivaji."
Commending the book, which is Nadeem Khan's English translation of Patil's historical Marathi novel "Rankhaindal", Gadkari expressed hope that people now in India — those outside Maharashtra — and in Western countries would see a just picture of the king, as the history written during the Mughal era and British rule was unfair to him.
"... There were many things that were unfair to him, some even called him a 'lootera' (a bandit). I can say with full confidence that Shivaji's personality was complete, it was exceptional. In our current governance system, how a king should be, how a king should act, he is an example of that," he said.
Tharoor, too, congratulated the author for bringing his skill of "novelisation of history" to best use and able to pull off two volumes on Shivaji in fictional form, who he admits is an extraordinarily interesting figure to read about in any Indian language.
He seconded Gadkari saying that Shivaji has indeed come through various renderings in the national imagination -- from demonisation during the Mughal era to being hailed as "original Hindu nationalist" by freedom fighter Bal Gangadhar Tilak.
"We have had demonisation of him (Shivaji), as Gadkari ji reminded us of 'lootera,' a bandit, which was propagated by the partisans of the Mughal side. Then, we had the veneration of him as the great anti-colonial resistance figure, and this notion of resistance.
"You had different interpretations even within Maharashtra. Jyotiba Phule's interpretation of Shivaji as the voice of the subaltern, as the voice of the underclass rising up, versus, say, the Bal Gangadhar Tilak version of the original Hindu nationalist, portraying Shivaji as the origin of Hindu nationalism," explained the 69-year-old Congress leader.
Touted by publishing house Westland Books as the dazzling second volume of Patil's "The Wild Warfront", the book reconstructs Shivaji Maharaj's life and battles through intensive research.
Patil, known for his novels like "Ranangan", "Chandramukhi", "Panipat", and "Sambhaji", has sold over 50,000 copies of the two volumes in Marathi -- "Jhanjhawat" (The Whirlwind) and "Rankhaindal" (The Wild Warfront).
