New York (CNN Business) Mac vs. PC. Android vs. iPhone. Twitch vs. Mixer? Tech rivalries are decades old, but the newest battle in the industry is over how people watch and broadcast video games. Twitch has substantially grown its video game streaming business since its launch in 2011, and Amazon ( AMZN ) purchased the service for $1 billion in 2014. But rival Microsoft ( MSFT ) is ramping up its video game streaming efforts and may give Twitch a run for its money soon. In late July, Twitch received some bad news: It lost Fortnite star Ninja to Microsoft's Mixer. After making millions of dollars from advertising and donations on Twitch, propelling himself and the platform into stardom, Ninja said he would stream exclusively on Mixer. He said he was returning to his "streaming roots," a vague statement many took to mean getting back to a smaller platform where he is the star. Some people speculated he had been paid handsomely to … [Read more...] about Twitch vs. Mixer: The new streaming war
Buy hennessy vs
Buy Emami; target of Rs 510: Motilal Oswal
"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Emami Emami’s consolidated sales growth of 5.4% YoY (flat volume growth) was broadly in line with our expectation. However, higher-than-anticipated material costs and 10% absolute increase in ad-spends YoY (at a time when peers have been reducing the same to offset material cost-led pressures) resulted in an 18% miss on … [Read more...] about Buy Emami; target of Rs 510: Motilal Oswal
Buy Kalpataru Power; target of Rs 427: Anand Rathi
The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E. Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Kalpataru Power Prevailing challenges related to input costs and supply-chain disruptions hurt Kalpataru’s Q4 FY22 performance. Revenue fell 14% y/y and the EBITDA margin contracted 189bps y/y. On execution … [Read more...] about Buy Kalpataru Power; target of Rs 427: Anand Rathi
Buy Indian Bank; target of Rs 190: Arihant Capital
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Arihant Capital's research report on Indian Bank Indian Bank has posted profit of INR 984 cr (-42% YoY/+43% QoQ), led by 23% sequential decline in provisions and tax reversal of INR 161 cr. Despite 4% QoQ growth in advances, NII for the quarter decreased by 3% QoQ while it grew by 28% on YoY basis. Other income declined marginally by 0.5% YoY and grew by 1% QoQ to INR 1,573 cr. Core fee income growth of the bank was strong at 23% YoY/22% QoQ to INR 813 cr. Operating expenses growth was higher at 22% YoY/16% QoQ due to 39% YoY increase in employee expenses as the bank has provided for the entire pension liability provision of INR 465 cr. As a result, cost to income ratio of the bank increased from 44.8% to 53% on QoQ basis. Operating profit growth was lower at 15% YoY/-17% QoQ at INR 2,738 cr … [Read more...] about Buy Indian Bank; target of Rs 190: Arihant Capital
Buy Sharda Cropchem; target of Rs 836: Khambatta Securities
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Khambatta Securities' research report on Sharda Cropchem Sharda Cropchem Limited (SCL) recorded strong volume growth during FY22, which was further assisted by better product mix and price realisations, resulting in robust topline growth. Aided by healthy traction across the product range, the company’s business continues to be driven by identification of new product registration opportunities, expansion and strengthening of distribution reach, and cost management with an eye to improve margins. Management has guided 15%-20% sales growth going forward and an EBITDA margin of 20%-22% in FY23, which is expected to be maintained in the medium term. The SCL stock appreciated by 56% since our BUY rating in the 3Q FY22 update report dated 25 January 2022, and by 114% since we initiated coverage on … [Read more...] about Buy Sharda Cropchem; target of Rs 836: Khambatta Securities
Try Before You Buy: Inside Gemist’s Unique Model Disrupting Online Jewelry Shopping
Share to Twitter Share to Linkedin With the global fine jewelry market projected to hit $340 billion by 2025 , 18-21% of those sales are forecasted to be made online. The rise of online fine jewelry shopping is largely due to the change in consumer behavior led by millennials and Gen Z specifically for engagement rings. But the biggest hurdle the industry has seen is actually delivering what the customer wants without them seeing or touching it, causing return rates to be higher than average. Gemist has aimed to make the process more seamless whether you’re buying an engagement ring or huggie earrings through their design experience and home “try on box” option. CEO and founder of Gemist, Madeline Fraser, came up with the premise for Gemist through her first-hand frustration of unsuccessfully designing a custom engagement ring online. “Before I started Gemist, I was looking for my own engagement ring but I wanted something custom and unique to me. … [Read more...] about Try Before You Buy: Inside Gemist’s Unique Model Disrupting Online Jewelry Shopping
These families buy about half of infant formula nationwide. Here’s how the Biden administration is trying to help them
(CNN) The Biden administration is seeking to make it easier for low-income families to buy whatever baby formula is available on store shelves amid a nationwide shortage . About half of the infant formula in the US is purchased by those using federal WIC benefits, which allow them to obtain the formula for free but restrict what type, size and brand they can select. Some 1.2 million infants are in the WIC program, formally known as the Special Supplemental Nutrition Program for Women, Infants, and Children. Each state has a contract with a single manufacturer. Abbott Nutrition , which is contending with a massive recall of its formula , is the exclusive provider to about half of infants in WIC. The February recall has exacerbated shortages caused by ongoing supply chain issues, leaving all parents with fewer choices in many stores. President Joe Biden has come under fire for not addressing the problem sooner and for taking limited action . … [Read more...] about These families buy about half of infant formula nationwide. Here’s how the Biden administration is trying to help them
Fiscal vs. monetary in age of uncertainty
The dollar is nearing 1,300 won due to the accelerated strengthening of the dollar with the Federal Reserve set to raise rates fast. The Kospi, which closed last year above 3,000, has sank to around 2,600 as foreign funds flee. Household debt of over 1,860 trillion won may be a ticking bomb due to rising interest rates. Prices across the board are reaching new heights. India, the world’s second largest wheat producer, is prohibiting wheat exports apart from exceptional government approvals. Ukraine, one of the world’s biggest grain suppliers, has become barren under Russian bombardment. Food prices around the world are shooting up and fanning inflation. Indonesia, the world’s biggest palm oil supplier, last month stopped outbound shipments of palm oil. Food protectionism is spreading amid supply shortages. Choo Kyung-ho, deputy prime minister and finance minister, met with Bank of Korea governor Rhee Chang-yong for the first time since both took office. The fiscal and … [Read more...] about Fiscal vs. monetary in age of uncertainty
Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm
Share to Twitter Share to Linkedin NWS Holdings —a unit of New World Development that’s controlled by billionaire Henry Cheng and his family—has agreed to buy six logistics properties in China from Australia’s Goodman Group for 2.29 billion yuan ($338 million) as the Hong Kong-based developer seeks to tap the e-commerce boom, while divesting aircraft leasing firm Goshawk Aviation Ltd. In regulatory filing on Monday, NWS said it and Chow Tai Fook Enterprises, also controlled by the Cheng family, have agreed to sell Goshawk , which owns and manageds over 200 aircraft, to Japan’s SMBC Aviation Capital for a cash consideration of $1.67 billion, valuing the Dublin-based aircraft leasing company at $6.7 billion. “The transaction presents an excellent opportunity for NWS to unlock value for our shareholders and mitigate uncertainties and volatilities caused by macro factors such as changes in interest rates and the Covid-19 pandemic,” Eric Ma, CEO of NWS, … [Read more...] about Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm
Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn
Razorpay Founders Shashank Kumar & Harshil Mathur B2B payments and neobanking platform Razorpay is looking to get new investors on board through a share sale of $75 million by its employees, the company said on May 10. The purchase will be led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures who will subsequently join the company’s cap table. This will also be Razorpay’s fourth and largest Employee Stock Ownership Plan (ESOP) buyback till date, and the second largest in the startup space after Flipkart’s Rs 600 crore buyback in July 2021. 650 of the startup’s existing and former employees will be eligible for this across roles including software engineers, product managers, customer experience agents, sales, and administrative staff. In December 2021, Razorpay’s valuation had jumped from $1 billion to $7.5 billion after the startup raised $375 million in its largest round. In an interview with Moneycontrol, Razorpay’s founder and … [Read more...] about Lightspeed and Moore Strategic Ventures become investors in Razorpay by buying employee shares worth $75 mn