DREAM11 EARNINGS
Not booking any profits now; more money coming in which have to be put to work: Mark Mobius
Mark Mobius says not booking any profits because they have more money coming in and they have to put it to work. ans that is not a problem because the markets are very deep now and we can see lots of opportunity, not only in India, but in other parts of the world.
Rajkummar Rao’s ‘Srikanth’ gains momentum on day 2, earns Rs 4.2 cr
Directed by Tushar Hiranandani, 'Srikanth' is a tale that champions perseverance in the face of adversity. The biopic chronicles the remarkable journey of Srikanth Bolla, an entrepreneur who overcame visual impairment to become the first international blind student at the MIT Sloan School of Management. Leading the cast is the versatile actor Rajkummar Rao. Joining him are veteran actress Jyothika, 'Freddy' star Alaya F, Sharad Kelkar, and Om Kanojiya.
Did Taylor Swift become billionaire by singing and songwriting only? Know inside story of her wealth
Taylor Swift is different from other billionaires in the sense that she has not accumulated this wealth from profitable businesses like beauty brands, fashion lines, alcohol investments, etc. Swift is the first musician to reach the milestone solely from songwriting and performing.
Mumbai Pani Puri wala reveals how he went from earning Rs 5 a day to owning two luxurious flats
Once Arun Joshi earned a meagre wage of Rs 5. Today, he is the proud owner of a flourishing food business as well as a catering service. He also owns two flats.
When I was in 11th grade, I wrote on my book that I will complete my CFA: Miss India World 2022 Sini Shetty
Sini Shetty, the reigning Femina Miss India World 2022, is all set to dazzle at the forthcoming 71st Miss World pageant
Manisha Rani clinches 'Jhalak Dikhhla Jaa 11' trophy, wins Rs 30 lakh prize
Manisha Rani emerged as the champion of Jhalak Dikhhla Jaa 11, winning a prize of Rs 30 lakhs along with her choreographer, Ashutosh Pawar, who received Rs 10 lakhs. Their victory was celebrated in a grand finale hosted by Rithvik Dhanjani and Gauahar Khan, with a star-studded panel of judges including Farah Khan, Arshad Warsi, and Malaika Arora.
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'WPL could earn up to Rs 125 cr in sponsorships'
The Women's Premier League (WPL) is predicted to generate up to Rs 125 crore in sponsorship revenues for the Board of Control for Cricket in India (BCCI) and its five teams. Central sponsorships could generate Rs 50 crore, while team sponsorships could earn Rs 50-65 crore. Experts suggest that team sponsorship revenue could be higher due to better performance. The WPL franchises include Delhi Capitals, Gujarat Giants, Mumbai Indians, Royal Challengers Bangalore, and UP Warriorz.
Wall St Week Ahead: High-flying Nvidia’s earnings could test US stock market’s AI dreams
Now the third most valuable company on Wall Street after Apple and Microsoft , Nvidia has also become a bellwether for the artificial intelligence industry. Other AI-focused stocks have surged this year, including Super Micro Computer Inc, which is up 182% year-to-date, and Arm Holdings, up nearly 71%.
Betting on 5 themes for multi-year play with slight value bias: Varun Lohchab
Varun Lohchab discusses the positive outlook for the auto ancillary space and Indian battery companies. The auto component sector is expected to see increased investments and greater content due to premiumization and the Make in India initiative. Battery companies have attractive valuations and are transitioning towards renewables. Overall, there are opportunities across multiple sectors in the current macroeconomy.
Byju’s big valuation cut by BlackRock; HCLTech, Wipro earnings a mixed bag
Happy Friday! Beleaguered edtech company Byju’s valuation has been slashed again – this time to $1 billion – by BlackRock, the world’s largest asset manager. This and more in today’s ETtech Top 5.
‘Animal’ continues dream run: Ranbir Kapoor’s movie crosses Rs 700 cr at global box-office
Helmed by Vanga (the director of ‘Arjun Reddy’ and ‘Kabir Singh’), ‘Animal’ is a gory family drama set in Delhi
D-Street All Rounders: 7 cos with over 20% earnings growth for 3 quarters turn multibaggers
Data crunching done by ETMarkets showed that 23 companies reported atleast a double-digit year-on-year (YoY) growth in both revenue and profits for three consecutive quarters. About seven of them have given multibagger returns year-to-date, and five of them have done that only in FY24.
Kerala's first self-identified private hydel project: Engineer turns dream into reality
Rakesh Roy, an engineer from Kerala, has made the state's first self-identified private small hydroelectric project. Mukkudam Small Hydroelectric Project in Idukki last month started to supply power to the Kerala State Electricity Board (KSEB) Limited. Roy has said that his childhood inspiration drove him to create the hydroelectric project.
Dream Sports eyes diversification via investments, M&As to cope with tax blow
The company, which draws more than 90% of its revenue from the fantasy gaming platform Dream11, wants to expand into other adjacent streams through acquisitions to help protect its revenue and profit.
Miss England to NASA rocket scientist: A remarkable career transformation
Former Miss England model Jessica Gagen has pursued her lifelong dream of becoming an astronaut by securing a position at NASA, bringing her one step closer to making her dream a reality. Her remarkable journey is a testament to the pursuit of one's dreams and ambitions.
ETtech in-depth: Rario collapse, tax woes bring curtains down on Dream Sports’ venture arm
Going ahead, Dream Sports will scout for companies that widen the group’s sports offerings and are more strategic in nature, according to people familiar with the change in strategy.
Gamers put real money on table ahead of 28% tax regime
Platforms make special offers to lure heavy-duty gamers in the past 2 months; some clock as much as 300% surge in daily deposits.
Online gaming companies plan to move court; term GST demand “retrospective”
Industry executives termed this as a big blow to the industry, as it grapples with the risk of bankruptcies. Risk capital investors are concerned that the uncertainty could further dampen the already sluggish funding for Indian startups in recent months.
ETSA 2023 stars to be feted on Oct 7; Dream11, others stare at Rs 55,000 crore tax demand
The eight winners of The Economic Times Startup Awards 2023 will be felicitated on October 7 in a grand ceremony in Bengaluru. Seema Prem of Fia Global, which won top honours for Social Enterprise, spoke to us about her startup’s journey, and its next aim. This and more in today’s ETtech Morning Dispatch.
After 'Dream Girl 2' success, Ayushmann Khurrana says he's created his 'own genre' with films on unique subjects
Ayushmann Khurrana, the Bollywood actor known for his unconventional film choices, says that making films that haven't been attempted before in Hindi cinema brings him great joy and has helped him create his own genre.
Dream jobs in world of culture can pay well too: A look at salaries & perks of prominent museum leaders
The compensation and benefits of top executives at prominent arts institutions in the United States have been scrutinized. Many leaders receive perks such as free luxury housing, first-class travel, and social club allowances.
Team India's new jersey unveiled: Fans have a field day on social media
Team India will face the West Indies in a two-match Test series, the first of which begins on July 12 in Dominica. As soon as the new jersey was unveiled, fans took to various social media platforms to share their views. India's last jersey, which was unveiled for the World Test Championship final, was received with great enthusiasm, but this time it invited some sharp criticism from fans.
Media players continue to bet big on India cricketing rights
Media companies continue to invest big on cricketing rights in India. Disney Star, Sony-Zee, Viacom 18, and smaller media players are expected to invest more than $11 billion on marquee cricket properties during the 2023–2027 cycle, officials and analysts said.
Fantasy sports platforms clock Rs 2,800 crore in gross revenue during IPL: Redseer
According to Redseer's analysis, Fantasy sports gross gaming revenue grew by 24 per cent from Rs 2,250 crore in IPL 2022, and the market has grown at a compounded annual growth rate (CAGR) of 30 per cent since IPL season 2019. "IPL 2023 witnessed revenue of Rs 2,800 crore with about 61 million users participating on Fantasy Gaming Platforms," the report said.
Dream11 secures BCCI lead sponsor rights for Rs 358 crore
Fantasy gaming platform Dream11 on Friday won the Board of Control for Cricket in India (BCCI)'s lead sponsor rights for Rs 358 crore. As per reports, Dream11 emerged as the sole serious contender in the race, with only two companies showing interest by picking up the tender document.
'The Kerala Story’ continues its dream run at the box-office, earns Rs 45 cr in 4 days
'The Kerala Story' received much flak for claiming that 32,000 women were recruited by the ISIS. It earned Rs 11.81 crore on day 5.
Dream 11 Fantasy Sports, Rummy 11, or Online Gaming: How your winnings will be taxed
Finance Bill 2023 has introduced Sections 194BA and 115BBJ to tax income that users earn by winning on gaming platforms.
Dream11’s FY22 revenue grows 50%, but profit more than halves on higher costs
Net profit at the Mumbai-based online platform fell to Rs 142.86 crore from Rs 327.59 crore in fiscal 2021, Dream11’s regulatory filings sourced from Tofler showed.
Dream11 clocks Rs 180-crore profit in FY20
Dream11, which is run by Sporta Technologies, parent of Dream Sports, also saw its revenue increase by over 2.5 times to Rs 2,070.4 crore in FY20 from Rs 775.5 crore in FY19.
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