‘Monday Night Football’ Ratings Shrink With Loss of DirecTV
Walt Disney Co.’s fight with the DirecTV pay-television service is costing the companies. Key Points
mintAstraZeneca warns of moving UK vaccine production to US, FT reports
(Reuters) -AstraZeneca has warned it could relocate its vaccine manufacturing site from the UK to the U.S. amid a deadlock with the new Labour government over plans to cut state aid, the Financial Key Points
ThePrintAstraZeneca warns of shifting UK vaccine production to US, FT reports
(Reuters) -AstraZeneca has warned it could relocate its vaccine manufacturing site from the UK to the U.S. amid a deadlock with the new Labour government over plans to cut state aid, the Financial Key Points
ThePrintMarvel's 'Deadpool & Wolverine' sets record on opening day
By Lisa Richwine LOS ANGELES (Reuters) -The Marvel duo of "Deadpool & Wolverine" grabbed $38.5 million at U.S. and Canadian box offices in the first screenings of the film on Thursday, distributor Key Points
ThePrintHIV, sexually transmitted infections causing 2.5 million deaths each year
In a new report by the WHO, global HIV, viral hepatitis epidemics and sexually transmitted infections (STIs) continue to show significant public health challenges, causing 2.5 million deaths each year. Key Points
India Today
Internet subscribers reach 936.16 million in India, telephone subscribers cross 1.19 billion: TRAI
Number of wired Internet subscribers is 38.57 million while wireless Internet subscribers are at 897.59 million. The number of Internet subscribers reached... Key Points
The Tribune IndiaJio 5G user base crosses 100 mn, Airtel at 75 mn
Reliance Jio has reportedly exceeded 100 million 5G subscribers by the end of March, with Bharti Airtel close behind at nearly 75 million. Ookla, a network testing and analytics firm, highlighted Jio and Airtel as key drivers of 5G in India, commending their efforts in rapidly expanding coverage nationwide. Key Points
Economic TimesTillu Square debuts better than Crew at North America box office with $1.8 million haul
Godzilla x Kong: The New Empire roars to an $80 million box office opening in North America. Crew became one of the biggest Hindi openers this year. | Bollywood Key Points
Hindustan Times'Godzilla x Kong: The New Empire': Trounces all projections, know its opening collection
The monster movie was projected to collect $50 million to $55 million at the beginning. But the film that depicts two beasts team up to save the planet, trounced all projections. The premium large formats and audience enthusiasm helped 'Godzilla x Kong: The New Empire' help perform better than expected. Key Points
Economic TimesETtech Deals Digest: Startup funding in March falls 37% to $623 million
Technology startups raised $622.5 million in March 2024, a 37% decline from the previous year. Blume Ventures was a prominent investor, supporting startups in health monitoring, digital lending, and sustainable packaging. Key Points
Economic Times
Shriram Finance to replace UPL from Nifty tomorrow, likely to see $260 million inflows
Shriram Finance to replace UPL in Nifty, which could trigger inflows. HDFC Bank, Jio Financial, Adani Power to benefit from rebalancing. PSU pack to see weight adjustments. Nuvama estimates significant inflows and outflows in index reshuffle. Key Points
Economic TimesHDFC Bank, Jio Financial, Adani Power to be in focus ahead of Nifty rejig on Thursday
The rejig exercise will also see significant inflows in six other stocks viz. NTPC ($66 million), Power Finance Corporation (PFC, $45 million), REC ($43 million), Mahindra & Mahindra (M&M, $42 million) Bharti Airtel ($26 million) and Indian Railway Finance Corporation (IRFC $23 million). Key Points
Economic TimesET maintains top spot in February 2024 in business & financial news segment
In February 2024, Comscore data reaffirmed EconomicTimes.com's status as the top Indian website choice globally for individuals seeking business, market, and financial news, with 31.53 million Unique Visitors from India and the USA. Key Points
Economic TimesFormal job creation under EPFO up by 2.7% to 1.62 million in January: Payroll data
As per the provisional data, released by the ministry of labour and employment on Sunday, the year-on-year net new subscribers addition to EPFO was higher by 7.8% when compared to 1.48 million net new subscribers added in January 2023. Key Points
Economic Times'Avatar: The Last Airbender' tops Nielsen's rankings with 2.6 billion minutes of viewing. Know how other s
With 2.41 billion minutes of viewing, 'Love Is Blind' (Netflix), came second on Nielsens weekly streaming rankings. It was followed by 'Bluey' (Disney+) with 1.08 billion minutes, while 'Warrior' (Max/Netflix) with 948 million minutes came fourth. Know more about Nielsen viewership statistics. Key Points
Economic Times
'Kung Fu Panda 4' regains No. 1 spot at US box office with $30 million haul; 'Dune: Part Two' comes in as close second
"Kung Fu Panda 4" maintained a strong hold over the box office with a $30 million haul. The collections pushed the film to a total collection of $107 million. The sci-fi action film 'Dune: Part 2' came in a close second place in its third weekend with a collection of Rs $29.1 million. Newcomers like 'Arthur the King' and 'Love Lies Bleeding' also make their mark. Key Points
Times Of IndiaDecoding the digital competition law; AI's impact on IT hiring
Indias consumer internet firms have voiced their disapproval of the ex-ante framework in the proposed digital competition law. This and more in todays ETtech Morning Dispatch. Key Points
Economic TimesTech-first VCs line up for new-age consumer firms
Tech-first VC Nexus Venture Partners will lead a $5 million funding round in specialty coffee brand AbCoffee and it will also invest in lab-grown diamond maker Aukera, sources told ET. Accel, one of Flipkart's earliest investors, will close a $12 million round in fast fashion brand Newme. Why are tech-first VCs lining up for new-age brands with a horde of affluent young customers? Key Points
Economic TimesSaudi extends voluntary oil cut of 1 mn barrels per day until mid-2024
Saudi Arabia has extended its voluntary oil supply cut of one million barrels per day until the end of the second quarter of 2024 to prop up prices. The decision was taken in coordination with some OPEC+ participating countries, which Riyadh co-leads with Moscow. The extension follows Russia's production cut by almost half a million barrels in the second quarter of 2024. Key Points
Economic TimesATC logs $322 mn India goodwill impairment charge for 2023
American Tower Corp. informed SEC about $402 million goodwill impairment charges in 2023, linked to business challenges in India. The tower company sold its Indian unit to Brookfield in a $2.5 billion all-cash deal, expected to conclude in the second half of 2024. Key Points
Economic Times
‘Dune 2’ at $81.5 million Scores Biggest Opening of 2024
Dune: Part Two, the new installment in a sprawling film series based on the sci-fi story by Frank Herbert, opened with weekend ticket sales of $81.5 million in US and Canadian theaters, delivering the best debut this year. Key Points
mintSuper Tuesday to test resurgent crypto industry's political might
By Stephanie Kelly NEW YORK (Reuters) - Crypto is back! And it's not just in the markets. The burgeoning cryptocurrency industry is jumping into the 2024 U.S. election, spending millions of dollars in Key Points
ThePrintStar-Viacom18 likely to post $200 million loss on sports, streaming: Report
The Reliance Industries-Walt Disney Company deal aims to merge Viacom18 and Star India, creating a media giant with profitable entertainment, but lossmaking sports and streaming businesses. The proposed merged entity's entertainment business is projected to generate $600 million in Ebitda on $1.3 billion revenue. Key Points
Economic Times12.5 million children, teens in India obese in 2022: Study
Among adults, the global obesity rate more than doubled in women and nearly tripled in men. About 12.5 million children aged between five and 19 in India... Key Points
The Tribune IndiaGovt 2nd advance estimate pegs wheat output at record 112 mt in 2023-24 season
New Delhi, Feb 29 (PTI) The government on Thursday pegged wheat output at a record 112.01 million tonnes for the 2023-24 crop year (July-June) in its second advance estimate ahead of the harvesting season. The wheat output is estimated to be 1.46 million tonnes higher than the previous record of 110.55 million tonnes achieved in […] Key Points
ThePrint
Foodgrain Output Estimated at 154 MT in Kharif Season FY24
The Indian government has projected food grain production to reach 154.19 million tonnes during the kharif season and 155.12 million tonnes during the rabi season in 2023-24. Major agricultural crops include kharif rice, wheat, millet grain, tur, grain, lentil, soybean, rapeseed, mustard, cotton, and sugarcane. Key Points
Economic TimesGovt 2nd estimate pegs wheat output at record 112.01 mn tn in 2023-24
The wheat output is estimated to be 1.46 million tonnes higher than the previous record high of 110.55 million tonnes achieved in the 2022-23 crop year. Key Points
Economic TimesQatar to build new LNG project
Amid increasing demand and a halt on growth projects in the US, Qatar intends to enhance its exports of liquefied natural gas. The nation, a major competitor to the US and Australia in LNG shipping, aims to construct a new project capable of producing 16 million tons annually by the end of this decade. This initiative will elevate Qatar's annual production capacity to 142 million tons by 2030, as announced by the country's Energy Minister, Saad Al-Kaabi, on Sunday. Key Points
Economic TimesThe Economic Times website is the only leader in business news. Period!
In January, The Economic Times website maintained its leadership in digital news readership, recording 30.48 million unique visitors in India, outpacing competitors. Globally, the website attracted 5.77 million visitors from the USA alone. The Economic Times expresses gratitude to readers for their support and trust in its quality business journalism. Key Points
Economic TimesIndia replaces China as third largest profitable region for HSBC
HSBC has announced that India has become its third-largest profitable region, surpassing China. This growth is primarily driven by a strong performance in its global banking and markets division, catering to large corporations and including treasury operations. In 2023, HSBC's profit before tax in India rose by 19% to $1.51 billion, following Hong Kong and the UK. Meanwhile, China's profit witnessed a significant decline of 89% due to losses in various sectors. Key Points
Economic Times
Forex spends surge in December after 9-month low
India Business News: Overseas remittances jumped to $2.4 billion in Dec 2023 from a nine-month low of $1.9 billion in Nov. The highest remittance ever was recorded in June Key Points
Times Of IndiaFormal job creation under EPFO up 11.9% to 1.56 million in December 2023: Payroll Data
As per the payroll data released by the ministry of labour and employment on Tuesday, the year-on-year net new subscribers addition to EPFO was higher by 4.62% when compared to 1.49 million net new subscribers added in December 2022. This surge in membership can be attributed to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFOs outreach programs, the labour ministry said Key Points
Economic TimesAnyone But You, the rom-com hit movie coming on digital : Read more
The romantic comedy superhit arresting the nation's imagination is going to arrive tomorrow on the digital platform. The financial success of the movie has been hugely astonishing, currently fetching around $189 million worldwide after earning $7.8 million this weekend globally. Key Points
Economic TimesByju's issue gets $300 million commitment
India Business News: Edtech major Think & Learn, which operates under Byju's brand name, is learnt to have received a commitment of $300 million from investors for its ongoing rights issue. Byju's has offered miffed investors to appoint two independent directors to enhance transparency but only after the rights issue and declaring its financial results for FY23. Key Points
Times Of IndiaThe Netflix model may just save India’s online learning apps
Nearly two years ago, Physics Wallah, an Indian edutech platform, hosted its largest live lecture with 127,000 teenagers attending a test-prep session. With 2 million daily users and 80-minute engagement, it turned into a unicorn in 2022, rivaling Byju's. Byju's, once valued at $22 billion, faces financial troubles, prompting calls for its founder's exit. The rise of Indian edutech attracts attention despite funding challenges and government regulations. Key Points
Economic Times
Coinbase shares surge as revenue jumps 51% to $953.8 million
Coinbase Global Inc. posted a profit for the first time in two years after a fourth-quarter rebound in digital-asset markets lifted trading revenue, sending the shares of the largest US cryptocurrency exchange higher. Key Points
mintIndonesia set to go to polls on 14 February. BrahMos and other defence deals in waiting
Decisions on deepening of cooperation between India & Indonesia in various sectors on hold since late last yr. Incumbent Joko Widodo's defence minister Prabowo Subianto a frontrunner. Key Points
ThePrintBrookfield India REIT leases 1 million sq ft in Q3, best-ever performance since listing
During the quarter ending December, Brookfield India Real Estate Trust secured leases for over 1 million sq ft of office space, attracting tenants such as Accenture, Capgemini, L&T Hydrocarbon, Newgen, Wipro, and Genpact. Projections indicate 2.0-2.4 million sq ft of new leasing over the next 4-5 quarters. Key Points
Economic TimesGrammy Awards 2024 saw best post-pandemic viewership of 16.9M
The upward trajectory of Grammy Awards is in stark contrast to the fate of the Emmy Awards earlier this year, which had a viewership of 4.3 million. Key Points
Hindustan TimesAquaconnect raises $4 million in pre-Series B
India Business News: Aquaconnect, a full-stack aquaculture platform with embedded fintech capabilities, has raised $4 million in pre-Series B funding round led by S2G Ventures. The company plans to use the capital to scale its operations and expand its coverage in major aquaculture production states in India. Aquaconnect leverages satellite remote sensing and artificial intelligence to improve efficiency in the fish and shrimp farming industry. The funding will also help Aquaconnect double its 'Aqua Partners' network and enhance its product portfolio with farmer-focused innovations and formal credit services. Key Points
Times Of India
AISTA's 1st estimate pegs sugar output 4 pc lower at 31.6 mn tons for 2023-24 season
AISTA projects India's sugar production for the 2023-24 season to be around 31.6 million tonnes, a four percent decrease from the previous season. The estimated net domestic sugar production excludes a sucrose diversion of 2 million tonnes for ethanol production. The availability of sugar in the country is estimated to be 37.3 million tonnes, higher than the estimated domestic consumption of 29 million tonnes. Key Points
Economic TimesEmpowering India & the world: The Economic Times remains the undisputed leader in business & financial new
In December 2023, The Economic Times website emerged as the top choice for business, markets, personal finance, and economy news, with 32.86 million unique visitors in India and the USA, according to Comscore data. Key Points
Economic TimesDonald Trump asked to pay another $83.3 million to E Jean Carroll in defamation case
The award includes $18.3 million in compensation for harm caused to Carroll's reputation and $65 million in punitive damages. Key Points
mintColorado pastor charged with $3.2 mn crypto scam claims God advised him to do it
The pastor of an online church in Colorado has been charged with scamming investors out of almost $3.2 million via a cryptocurrency marketplace. Key Points
Hindustan TimesMakeMyTrip uses ₹542 cr to retain users in Q3
MakeMyTrip's profit increased from $0.2 million in December 2022 to $24.2 million in December 2023. The company's marketing expenses rose due to an increase in variable costs and other discretionary expenditure. Key Points
mint
Box Office: 'I.S.S.' disappoints, 'Mean Girls' tops the chart again
The Jason Statham thriller The Beekeeper, from Amazon MGM Studios, remained in second place, grossing $8.5 million in its second weekend to bring its total to $31.1 million Key Points
FirstpostOutward remittances by Indians in November fall to lowest level since February 2022
India Business News: Outward remittances by Indians in November fell to the lowest level since February 2022 due to increased tax collection at source and the introduction of the Liberalised Remittance Scheme. The decline was seen in spending on foreign travel, studies abroad, and equity investment abroad. Key Points
Times Of IndiaMean Girls takes the box office crown, I.S.S. crash lands in seventh place
Teen queen plastics dominate box office with Mean Girls, Sci-Fi Thriller I.S.S. crash-lands with disappointing $3 million opening | Hollywood Key Points
Hindustan TimesFormal job creation under EPFO down 14.2% to 1.39 million in November, according to payroll data
As per the provisional payroll data, released by the ministry of labour and employment, EPFO also registered a decline of 9.15% in formal job creation month-on-month as 1.53 million net new jobs were created in the retirement fund body in October 2023. Key Points
Economic TimesIn pay hike, JPMorgan Chase CEO Jamie Dimon gets $36 million salary for 2023
The board granted Dimon a $1.5 million salary and $34.5 million of performance-based incentive compensation, according to a regulatory filing Thursday. Key Points
Hindustan Times
IMAX posts record India box-office earnings in 2023
IMAX Corporation, headquartered in Canada, achieved its highest box-office earnings in India in 2023, generating $23.1 million from both Hollywood and Indian films. This success was attributed to an increase in admissions and ticket pricing. The box-office collections for Indian titles amounted to $6.46 million, and IMAX helped Indian films collect $15.74 million in global box-office receipts. Key Points
Economic TimesHorticulture production in 2022-23 is estimated to be 2.32% higher: Third Advance Estimate
While the production of vegetables is estimated to be 213.88 million tonnes in the year 2022-23, over 209.14 million tonnes of last year due to an increase in potato and tomato output, the data for onions has not been included. Key Points
Economic TimesChinese shudders: Fewer people is bad news
Another covid year has meant another headcount decline. China is faced with an adverse demographic turn in any case, even as its economic rejig remain a question mark. Key Points
mintIndia's Oct 1-Jan 15 sugar output drops 7% y/y: Industry body
Maharashtra's sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka's production dropped 12.7% to 3.1 million tons, the National Federation of Cooperative Sugar Factories said in a statement. Key Points
Economic TimesChina's population drops for 2nd year straight despite efforts to boost birth rate
China's population decreased for a second consecutive year in 2023, reaching 1,409.67 million by the end of the year, a decline of 2.08 million from the previous year. Key Points
India Today
Emmy Awards get record low ratings with audience of 4.3 million people
The last time the Emmys reached more than 10 million viewers was 2018, when it drew in 10.2 million. The show had 21.8 million viewers in 2000, a level it’s unlikely ever to reach again Key Points
FirstpostUN seeks $4.2 billion to support refugees of Russia-Ukraine war
The appeal includes $3.1 billion for humanitarian aid to help 8.5 million people and $1.1 billion to support 2.3 million Ukrainian refugees and their host communities. Key Points
mintUN appeals for $4.2 billion to support war-ravaged Ukraine, refugees
The United Nations has appealed for $4.2 billion to support war-ravaged Ukraine, and the refugees amid continued conflicts with Russia. | World News Key Points
Hindustan TimesGoldman sees India’s rising affluent class buy up premium goods
The divide in spending power between the top earners and those in the middle remains an issue in a country where GDP per-capita is less than $3,000 a year. While more than 960 million debit cards have been issued in India and 93 million have post-paid cell phone connections, Goldman says that only 30 million Indians can afford a vehicle. Key Points
Economic Times'Godzilla Minus One': Monster movie tearing box-office, set to make new record
If everything goes well, 'Godzilla Minus One' might even pass Life is Beautiful's $57 million lifetime haul. However, Crouching Tiger, Hidden Dragon's $128 million domestic total might be out of reach. Know about the box collection of the movie. Key Points
Economic Times
Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google?
Amazon CEO Jeff Bezos has invested in Perplexity, which can challenge Google. It works as a chatbot-style search engine that responds to queries using OpenAIs GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources. Know in detail. Key Points
Economic Times'Billionaire Bunker': Only richest billionaires like Jeff Bezos, Ivanka Trump can buy home in Florida's In
Florida's Indian Creek Village is also known as 'Billionaire Bunker'. It has long been known for its incredibly deep-pocketed residents. They include Jeff Bezos, Ivanka Trump, hedge fund king Ken Griffin, Tom Brady, Carl Icahn, Eddie Lampert and singer David Guetta. Know about the enclave of the super-rich. Key Points
Economic TimesOil settles lower on massive US fuel inventory builds
Gasoline stocks rose by 10.9 million barrels to 237 million barrels, their highest week-on-week rise in more than 30 years. Key Points
Business TodayPowerball awards first millionaire of 2024 as jackpot hits $20 million
The Powerball lottery gears up for its $20 million jackpot after 35 winless draws. Four $1 million prizes were claimed by individual ticket holders from California, Connecticut, Florida, and Maryland. Michigan celebrates its seventh winner while the odds of hitting the grand prize stand at 1 in 292,201,338. Cristy Davis, a previous winner, received $36 million after taxes from a $70 million prize. The first 2024 millionaire, Pamela Bradshaw of North Carolina, was revealed during New Years Rockin Eve, collapsing upon hearing her winning number. Key Points
Economic TimesPowerball $842 million jackpot announced on New Year's Day. Know winning numbers and other details
The lucky winner from Michigan can receive a $842.4 million grand prize, paid out in 30 intervals over 29 years, or he can choose to get a one-time, lump-sum payment worth $425.2 million. Know about the next draw. Key Points
Economic Times