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Markets Open Lower on July 11 as IT Stocks Weigh Down Sentiment Post-TCS Earnings

Benchmark Indian equity indices Sensex and Nifty opened lower on Friday, July 11, 2025, dragged down by IT sector weakness following the Q1 FY26 earnings report of Tata Consultancy Services (TCS).

  • BSE Sensex dropped 398.45 points to 82,791.83
  • NSE Nifty declined 111.25 points to 25,244

TCS Drags Down IT Pack After Muted Revenue Growth

Tata Consultancy Services (TCS), India’s largest IT services company, reported:

  • 6% YoY net profit growth to ₹12,760 crore
  • Revenue at ₹63,437 crore, up just 1.3%, but down over 3% in constant currency terms
  • Stock slipped ~2% after the results

The company’s performance was impacted by geopolitical tensions, soft demand in key markets, and the conclusion of the BSNL deal, which had previously supported earnings.

Expert Take:

“Q1 results of TCS indicate continuing struggle for large-cap IT. However, midcap IT may do well going forward,” said VK Vijayakumar, Chief Investment Strategist, Geojit.

Top Losers and Gainers

Losers (Sensex):

  • TCS
  • Infosys
  • Tech Mahindra
  • HCL Tech
  • Mahindra & Mahindra
  • Bajaj Finserv

Gainers:

  • Hindustan Unilever
  • Axis Bank
  • NTPC
  • Asian Paints

Market Commentary: Broader Outlook Cautious

Prashanth Tapse, Senior VP (Research) at Mehta Equities, said:

“TCS beat estimates with a 6% profit rise, but demand contraction due to global uncertainties and hawkish Fed tones could keep Nifty bulls under pressure. Trump’s trade tariff rhetoric also weighs on sentiment.”

Global Markets Snapshot

  • Asia:
    • Kospi (South Korea) – Positive
    • Nikkei 225 (Japan) – Positive
    • SSE Composite (Shanghai) – Positive
    • Hang Seng (Hong Kong) – Positive
  • US Markets:
    • Ended positive on Thursday (July 10, 2025)
  • Oil Prices:
    • Brent Crude up 0.35% to $68.88 per barrel
  • Foreign Institutional Investment:
    • FIIs bought ₹221.06 crore worth of Indian equities on July 10

Recap: Previous Session (July 10, 2025)

  • Sensex: Closed down 345.80 points at 83,190.28
  • Nifty: Fell 120.85 points to 25,355.25

Key Takeaways

  • Large-cap IT continues to face challenges despite earnings beats.
  • Midcap IT may emerge stronger amid sector divergence.
  • Broader markets are cautious due to Fed policy tone and global tensions.
  • Investors are advised to track IT earnings closely, along with global economic cues.

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UAE Golden VISA

In a major clarification, Dubai-based Rayad Group has publicly apologised for its earlier claims that Indians could obtain a lifetime UAE Golden Visa by paying ₹23.3 lakh (AED 100,000) — a statement the UAE government has now officially denounced as false and misleading.

What Happened?

  • Earlier Claim: Rayad Group’s Managing Director, Rayad Kamal Ayub, suggested in multiple media reports (including PTI) that UAE was offering lifetime Golden Visas to Indians under a simplified nomination-based process.
  • Now Retracted: The company admits these statements were inaccurate and not coordinated with the UAE government. The ₹23.3 lakh cited was merely Rayad’s service fee, not an official visa fee, and no such lifetime Golden Visa scheme exists.

Official UAE Government Response

The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) issued a stern statement:

“These claims have no legal basis and were made without coordination with the relevant authorities in the UAE.”

  • The ICP confirmed:
    • No lifetime Golden Visa exists.
    • All visa applications must go through official UAE government channels.
    • No third-party agency can guarantee or issue UAE Golden Visas.
    • Legal action will be taken against any fraudulent or misleading parties.

Rayad Group’s Full Apology

Rayad Group, in a statement to Khaleej Times, said:

“We apologise unreservedly for the public confusion… and take full responsibility for ensuring future communications are clear and accurate.”

They have also withdrawn from offering any private Golden Visa advisory services, acknowledging that previous public comments by the MD were misplaced.

Expert Opinion: A Scam Targeting Indian Aspirants

Immigration attorney Prashant Ajmera called the offer “fake,” stating:

“Such schemes are often created to scam Indians who aspire to live abroad — especially in destinations like the UAE.”

What You Should Know About the Real Golden Visa

  • The UAE Golden Visa does exist but is:
    • Valid for 5 or 10 years, not a lifetime.
    • Requires specific eligibility (high investment, business ownership, professionals, etc.).
    • Processed only through official UAE portals, such as ICP or the Federal Authority.
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uae

In a major shift to its residency policy, the United Arab Emirates (UAE) has introduced a revamped Golden Visa programme, now allowing foreign nationals—including Indian investors—to obtain lifetime residency by paying a fixed fee of AED 1,00,000 (approximately ₹23.3 lakh). Industry experts, especially from the real estate sector, are calling this a paradigm shift in the country’s immigration and investment landscape.

Highlights of the New UAE Golden Visa Rule:

  • Lifetime Residency: A one-time payment of AED 1,00,000 now grants lifetime residency status.
  • No Need for Real Estate Investment: Previously, investors had to commit at least AED 2 million (~₹4.7 crore) in UAE property for a 10-year renewable visa.
  • Inclusive & Nomination-Based: The programme aims to broaden access and align with the UAE’s long-term development vision.
  • First Phase Includes India & Bangladesh: Over 5,000 applications expected in three months.

Impact on Indian Real Estate Investors

According to Akash Puri, Director – International at India Sotheby’s International Realty, the change brings a “two-pronged impact” on Indian investor behaviour:

  1. Reduced Pressure for Residency-Driven Investment:
    “With lifetime visas now accessible via direct payment, many Indian investors may no longer feel compelled to purchase UAE property solely for immigration benefits,” says Puri.
    This could lead to:
    • A cool-down in speculative buying, particularly in the mid-market and entry-level real estate segments.
    • A recalibration of strategy towards long-term value creation rather than short-term residency goals.
  2. Increased Focus on Strategic Investment:
    For serious investors, especially those eyeing rental yields, lifestyle upgrades, or portfolio diversification, attention will now shift to:
    • Location quality
    • Developer credibility
    • Asset appreciation potential

“Ultra-HNWIs will likely continue buying luxury and trophy properties,” Puri adds, as their motivations extend beyond the visa.

From Residency-Led to Value-Led Approach

This visa policy reform, if confirmed officially, is expected to de-risk the property market from speculative surges and make it more resilient. Indian investors are now encouraged to focus on:

  • Fundamentals over fast-tracks
  • Long-term rental performance
  • Asset diversification

“This is a cue for Indian investors to transition from residency-led transactions to value-led strategies,” Puri noted. “Over time, this will lead to a more stable, mature UAE property market.”

Awaiting Official Notification

While the policy has already made headlines, an official government notification from the UAE is still awaited. Early reports indicate that India and Bangladesh are part of the initial rollout, with over 5,000 slots available in the first three months of launch.

For Indian investors, this new Golden Visa regime marks a dramatic easing of entry into the UAE. No longer limited by high real estate investment thresholds, the door is now open to a broader base of professionals, entrepreneurs, and long-term strategic investors. The shift from a visa-driven to a value-driven real estate strategy may redefine how Indian capital flows into the UAE—potentially setting the tone for a more rational and resilient market ahead.

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Elon musk

Elon Musk, the billionaire CEO of Tesla and SpaceX, has officially launched a new political party in the United States — the America Party. The announcement came via his platform X on Saturday, signaling his departure from both the Trump administration and the nation’s entrenched two-party structure. The move follows Musk’s growing criticism of bipartisan waste and corruption, as well as a highly publicised fallout with former President Donald Trump.

“To Give You Back Your Freedom”
Musk’s declaration was accompanied by strong language directed at the existing political order. “Today, the America Party is formed to give you back your freedom,” Musk posted, citing the results of a July 4th public poll in which over 65% of X users supported the creation of a new political alternative. Musk framed the two-party system as a “uniparty,” claiming both Democrats and Republicans are complicit in driving wasteful spending and corruption.

He elaborated further, stating:

“When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy.”

Referencing Ancient Strategy to Challenge the Political Order
In characteristic fashion, Musk drew historical parallels to ancient warfare:

“The way we’re going to crack the uniparty system is by using a variant of how Epaminondas shattered the myth of Spartan invincibility at Leuctra: Extremely concentrated force at a precise location on the battlefield.”

This metaphor suggests a focused and strategic disruption of the current political structure, hinting at selective interventions in elections or policy spaces where the “America Party” could make maximum impact.

Public Support and Independence Day Symbolism
The formation of the America Party was timed with Independence Day celebrations and a poll Musk launched on July 4. The results, which showed 65.4% voting “Yes” to creating a new political party, were cited as the foundation for the party’s launch. Musk argued that Americans are eager for genuine change and are disillusioned by both Democrats and Republicans.

The Fallout with Trump and DOGE Shutdown
The party’s launch follows escalating tensions between Musk and Donald Trump, especially after the controversial “One Big Beautiful Bill” was signed into law on July 4. The legislation, which Musk claims could add over $3.3 trillion to the national debt over the next decade, drew immediate backlash from Musk. Previously, he had served in the now-defunct Department of Government Efficiency (DOGE), where he led initiatives to cut spending and shrink the federal workforce.

Following their fallout, Musk left both his advisory position and DOGE, paving the way for his break from the administration and eventual political pivot.

Disrupting the System Like Tesla and SpaceX
In another post, Musk embraced the challenge ahead, comparing the founding of the America Party to his earlier ventures:

“Elon starting a 3rd party is closely akin to Tesla & SpaceX. Low probability of success, but if successful, it will completely change the game.”

Supporters of Musk see this as a bold, albeit uncertain, move — just as his technological ventures were once viewed as improbable yet transformative.

Elon Musk’s formation of the America Party represents a significant and controversial step in US political discourse. By challenging both the Republican and Democratic establishments, Musk seeks to harness public discontent and offer an alternative that, in his words, returns freedom to the people. Whether this third-party experiment succeeds will depend not just on public sentiment, but also on Musk’s ability to deliver focused political disruption — much like his revolutions in the auto and space industries.

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Trump

In an unprecedented move blending politics, spectacle, and sport, President Donald Trump announced that the White House will host a UFC fight in 2026 as part of America250, the grand celebration marking 250 years of U.S. independence. The plan was revealed during a rally at the Iowa State Fairgrounds in Des Moines ahead of this year’s July 4th festivities.

A UFC Fight on White House Grounds

Speaking to an enthusiastic crowd, Trump said,

“It’s going to be a championship fight, full fight, like 20,000 to 25,000 people, and we’re going to do that as part of ‘250’ also.”

Trump emphasized that the event will be “epic,” highlighting his long-standing friendship with UFC President Dana White, who has publicly supported Trump since 2001. Trump added,

“Does anybody watch UFC? The great Dana White? We’re going to have a UFC fight — think of this — on the grounds of the White House. We have a lot of land there.”

According to Karoline Leavitt, the White House press secretary, Trump is “dead serious” about the fight plans. She confirmed the announcement on X (formerly Twitter), saying, “its going to be EPIC!”

Trump and UFC: A Longstanding Alliance

Trump’s connection to the UFC dates back to 2001 when the now-closed Trump Taj Mahal hosted early UFC events. UFC President Dana White has remained a vocal supporter of Trump, calling him

“the legitimate, ultimate, American badass of all time,”
following the recent assassination attempt against the former president.

White also endorsed Trump in his 2016 presidential run, calling him a “fighter” both politically and personally.

What This Means for America250

The announcement has stirred national attention, marking a bold fusion of tradition and entertainment. While critics may question the appropriateness of a UFC bout at the White House, supporters view it as a creative celebration of American culture and strength.

Trump’s vision for America250 is shaping up to be one of the most unconventional and attention-grabbing independence celebrations in U.S. history — blending statecraft, showmanship, and spectacle into a high-octane national milestone.

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android 16

Android 16 introduces a powerful new feature called Live Updates, designed to give you persistent, real-time notifications front and center — on the lock screen, status bar, and always-on display. It’s Android’s answer to iOS’s Live Activities. But there’s one major letdown: your favorite music player won’t be part of it.

Why? Because media apps use a special notification format that’s not eligible for Live Updates — and the trade-offs are too high to make them compatible.

What Are Live Updates in Android 16?

Live Updates are enhanced, always-on notifications that remain visible across system surfaces. These include:

  • A prominent chip in the status bar
  • Fully expanded view on the lock screen and always-on display
  • Pinned position in the notification drawer

They’re meant for tasks that require real-time tracking and constant user engagement — like navigation, calls, ride-sharing, or delivery tracking.

To qualify, a notification must:

  • Be marked as ongoing
  • Use Android 16’s new Progress style or one of three other accepted templates
  • Request the POST_PROMOTED_NOTIFICATION permission
  • Explicitly ask the system to be promoted
  • Follow strict formatting rules (like having a title and high priority)

Why Music Notifications Are Left Out

Most music, audiobook, and podcast apps use a special Media style notification. This template is separate from the “Progress” style needed for Live Updates. And it’s not just about aesthetics — it provides essential features:

  • Quick access from the Quick Settings panel
  • Lockscreen playback controls
  • Media output switcher (e.g., changing to Bluetooth or casting devices)

Switching from Media to Progress would mean losing all of this. So even though music notifications show playback progress, they can’t be promoted to Live Updates without breaking core functionality.

Could Google Make an Exception?

Technically? Yes.

In fact, Samsung already has. On One UI 7, Samsung has modified its Android skin to treat media notifications as “Live Notifications” — effectively a version of Live Updates for music. It works, and users love the convenience of seeing the track info and media controls right in the status bar.

So why isn’t Google doing this too?

Because, according to Android’s documentation, Live Updates are meant only for actions that are:

  • Time-bound and have a clear start and end
  • Requiring continuous user attention

Music playback, Google says, doesn’t qualify. That’s despite the fact that users often interact with their music just as actively as they check delivery updates or track rides.

Why This Matters to You

Music is one of the most-used functions on smartphones. Being able to see track info at a glance, directly on the status bar or lockscreen without a swipe, would drastically improve usability. Yet, as it stands, Google isn’t prioritizing this.

Until they reconsider, you’ll still need to pull down the notification shade to see your music controls — even as other apps enjoy Live Update perks.

Final Thoughts

Android 16’s Live Updates are a step forward for real-time notifications. But leaving out media playback feels like a major oversight. If Samsung can find a way to integrate it, there’s hope Google might follow suit. Until then, music lovers will have to settle for the old experience — and wait for Android 16 QPR1 or a future revision that brings music back to the front row where it belongs.

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japan

A 5.5 magnitude earthquake struck off the coast of the Tokara island chain in Kagoshima Prefecture, southwestern Japan, on Thursday, July 3, according to the Japan Meteorological Agency (JMA). While no tsunami warning was issued, authorities urged residents in high-risk areas to evacuate as a precautionary measure.

Epicentre and Intensity:
The earthquake’s epicentre was located off the coast near Akuseki Island, nearly 1,200 kilometers from Tokyo. The JMA reported a seismic intensity of ‘6 lower’ on Japan’s 1-7 intensity scale at Akuseki Island — a level strong enough to potentially cause structural damage and trigger landslides in mountainous regions.

“In areas where the tremors were strong, there is an increased risk of collapsed houses and landslides,” warned Ayataka Ebita, Director of the Earthquake and Tsunami Observation Division at the JMA.

Evacuation and Risk Assessment:
Following the tremor, authorities issued evacuation advisories to the 89 residents of Akuseki Island. Although Japan is equipped with one of the world’s most sophisticated earthquake detection systems, the density of recent seismic activity has raised alarms. In September 2023, the Tokara region experienced a surge of 346 quakes in a short span — a sign of potential geological unrest in the area.

Seismic History and Public Anxiety:
The region is no stranger to tectonic disturbances, with over 1,000 earthquakes recorded recently along the Tokara chain. In parallel, anxiety over a so-called “megaquake” — a term popularised by a fictional comic book — has contributed to public unease. The viral narrative has even led to flight cancellations from Hong Kong, impacting Japan’s rebounding tourism sector.

Government Response:
Prime Minister Shigeru Ishiba addressed the concerns, emphasizing the need for nationwide preparedness.

“It is necessary for the nation, municipalities, companies and non-profits to come together and take measures in order to save as many lives as possible,” he stated, highlighting the looming threat of a future catastrophic event, with potential casualties projected as high as 300,000.

Conclusion:
While the immediate threat from the July 3 earthquake appears contained, Japan’s seismic volatility remains a point of national concern. Authorities are calling for coordinated efforts to enhance infrastructure resilience and ensure the safety of communities in vulnerable zones.

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HDB Financial Services made a strong debut on the stock exchanges on July 2, listing nearly 14% above its issue price. As investor sentiment surges, the focus now shifts to strategy—should you buy, sell, or hold the stock after its market listing?

HDB Financial Listing Performance
Shares of HDB Financial settled at ₹840.25 on the NSE, up 13.55% from its IPO price range of ₹700–740 per share. The listing outperformed grey market expectations of an 8–10% gain. On both NSE and BSE, the listing price stood at ₹835—a 12.84% premium—indicating strong investor demand and positive momentum.

The ₹12,500 crore IPO witnessed robust interest, concluding with a 16.69 times subscription, particularly driven by institutional investors. On debut, the company’s total market capitalization reached ₹69,758.27 crore.

Analyst Views: Buy, Sell, or Hold?
Prashanth Tapse, Research Analyst at Mehta Equities, recommends buying on dips, especially for those who missed out during the IPO phase. He believes HDB is “well-placed for a structural credit upcycle in India” and suits investors with a 3-5 year investment horizon.

Narendra Solanki, Head of Fundamental Research at Anand Rathi, advises holding the stock for the long term. With a diversified loan portfolio and strong pan-India presence, Solanki sees HDB Financial as a solid long-term NBFC play.

“The company has a diversified loan book across enterprise, consumer, and asset financing. With over 1,771 branches and 60,000+ employees, it’s well-positioned for continued growth,” he noted.

Long-Term Growth Potential
HDB Financial, a subsidiary of HDFC Bank, is expected to benefit from its parent’s reputation, customer base, and operational synergies. The successful IPO and encouraging listing performance reflect confidence in India’s credit growth story and NBFC sector stability.

Despite high competition, HDB’s consistent profitability, expansive footprint, and experienced management make it a promising stock in the NBFC space, especially amid favorable macroeconomic conditions and expected policy support.

With a strong market debut, HDB Financial appears poised for long-term growth. Investors with allocation can consider holding, while new entrants may consider accumulating on dips. As with all equity investments, long-term patience and strategic entry points are key.

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trump

Tensions between former allies Donald Trump and Elon Musk have taken a dramatic turn. Following the tech billionaire’s fierce criticism of Trump’s proposed “Big Beautiful Bill,” the former US president suggested he might consider deporting Musk — a naturalised citizen originally from South Africa. The unexpected threat underscores growing divisions over electric vehicle (EV) subsidies, national debt, and political loyalty.

The Trigger: Trump’s ‘Big Beautiful Bill’ vs. Musk’s EV Advocacy
Elon Musk has publicly slammed Trump’s flagship legislative proposal, the “Big Beautiful Bill,” for eliminating federal support for electric vehicles. Musk, CEO of Tesla and SpaceX, has not only criticised the bill’s economic impact but also warned that it would undermine the U.S. EV industry, inflate national debt, and restrict innovation.

“He’s losing his EV mandate,” Trump said in a sharp response, adding, “Elon can lose a lot more than that.”

Musk has gone so far as to threaten political retaliation, vowing to back electoral challenges against any lawmakers who support the bill. In a growing show of resistance, he has even floated the idea of founding a new political faction — the “America Party” — if the bill passes.

Trump’s Retort: Deportation and DOGE Threats
When asked by reporters whether Musk’s citizenship status could be reconsidered due to his vocal opposition, Trump replied cryptically:

“I don’t know. We’ll have to take a look.”

He then made a bizarre reference to turning the Department of Government Efficiency (DOGE), a satirical agency Musk once led, against the billionaire:

“We might have to put DOGE on Elon… DOGE is the monster that might have to go back and eat Elon.”

The comments appeared to be half-joking but were immediately picked up by media outlets and political commentators as a sign of escalating tensions.

Musk Responds: “So Tempting to Escalate”
Musk, who is known for his quick retorts on X (formerly Twitter), acknowledged Trump’s comments with restraint. Sharing a clip of the President’s remarks, he replied:

“So tempting to escalate this. So, so tempting. But I will refrain for now.”

Despite his measured tone, the post suggested Musk is weighing his next move carefully amid political pressure and media attention.

From Political Allies to Adversaries
Ironically, Musk was one of Trump’s largest donors in the 2024 election cycle and even served as a close adviser during the early days of the administration. He also led DOGE as a special government employee, tasked with cutting wasteful federal spending.

But as policy divides deepen, the rift between Trump and Musk appears to be widening into a full-scale public fallout.

What began as a policy disagreement over EV subsidies has morphed into a political power struggle between two of the most high-profile figures in American public life. Whether Trump’s deportation threat is serious or symbolic, it marks a significant fracture in a once-powerful alliance — and may shape the course of future debates around clean energy, national policy, and the political ambitions of Elon Musk.

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windows 12

Microsoft has officially paused the anticipated leap to Windows 12, confirming that the next major update will instead be Windows 11 Version 25H2. This update, set for release in the second half of 2025, signals Microsoft’s decision to refine its current operating system rather than pursue a new generation just yet.

Windows 11 Version 25H2: A Strategic Continuation
Rather than introducing a bold overhaul, Windows 11 Version 25H2 is described by Microsoft as an evolutionary step. Built on the same Germanium platform as its predecessor (24H2), it will be delivered as a lightweight enablement package — easy to install and intended to prolong system support with minimal user disruption.

“Today, Windows 11 version 25H2 became available to the Windows Insider community,” said Jason Leznek, Principal Product Manager at Microsoft, in a statement released on the Windows IT Pro blog.

The update restarts the 36-month support lifecycle for Enterprise and Education editions and renews the 24-month lifecycle for Pro variants, emphasizing servicing continuity and long-term deployment planning over flashy features.

What to Expect: Feature Speculation and Insider Testing
While the blog post was sparse on end-user features, early Insider builds hint at potential customisation improvements for the Start Menu and AI-assisted tools embedded in Settings. These additions, however, remain unconfirmed and may only appear in later preview releases.

The emphasis for now is on performance stability, compatibility, and supporting enterprise infrastructure. This measured rollout strategy underlines Microsoft’s “Windows as a Service” model, which has increasingly blurred the lines between version upgrades and cumulative updates.

No Windows 12—At Least Not Yet
Speculation around Windows 12 had been mounting in recent months, spurred by leaked vendor roadmaps and expectations of AI-driven operating system advances. But Microsoft has not confirmed the development of a next-generation OS. With 25H2 now slated for autumn 2025, any major transition to Windows 12 is unlikely to materialise before 2026.

This decision reflects Microsoft’s broader intent to prioritise support continuity over generational branding — a sentiment echoed across tech communities.

Industry Reactions: Lukewarm but Understanding
The tech community’s reaction has been subdued. Posts on platforms like Reddit and X (formerly Twitter) question the relevance of sticking to numerical versioning, especially as Microsoft’s update cadence increasingly mirrors service-based models rather than traditional OS cycles.

“Short of an entirely new platform, a new name feels unnecessary,” observed one developer.

While this conservative approach may not excite early adopters, it offers stability to enterprise users — a cornerstone of Microsoft’s current strategy.

By choosing to extend Windows 11 through Version 25H2, Microsoft signals a continued commitment to incremental, service-focused updates over sweeping generational changes. This approach favors enterprises and long-term users, even if it leaves enthusiasts waiting for the next big leap.

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