TATA PLAY S
TCS is the largest IT company and the safest; expect better profitability down the year: Mahantesh Sabarad
TCS reported Rs 62,000 crore revenue with a 24.6% margin due to execution delays and profit decline. Mahantesh Sabarad is optimistic, recommends Tata Tech for midcaps. Accenture sees high deal flow but delays. US dollar revenue at $7.5 billion. AI improves IT support, cyber security; SG&A expenses impact margins. Enterprise solutions might decline, back-end services to grow.
Tata Play takes its easy bingeing solution to Bangladesh
Tata Play has expanded its global reach by partnering with Akash Digital TV in Bangladesh to offer its white label solution, Tata Play Binge. This collaboration allows Akash Digital TV to utilise Tata Play's Cloud technology, simplifying content access for OTT aggregators. Tata Play aims to enhance its platform internationally and generate revenue by providing end-to-end development opportunities for OTT aggregators worldwide.
Sensex, Nifty end flat after scaling fresh highs; HDFC Bank plays spoilsport
The Nifty breadth was skewed in the favour of the bears, with 27 stocks ending in the red, while 23 ended in positive territory. Top gainers at the close included Tata Motors, HCL Technologies, ICICI Bank, Sun Pharmaceuticals, and Tata Consultancy Services (TCS).
M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathon
As a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.
Fintechs' secure credit play; New Jersey turns IT hub
Happy Monday! Fintech companies like Cred, PhonePe and Paytm are seeking partnerships with NBFCs to enter the secured credit market. This and more in today’s ETtech Morning Dispatch.
Hold on to M&M; wait for the split in Tata Motors: Nischal Maheshwari
Cement sector consolidation will help in creating efficiency and sustainability. Stable prices despite inflation as the industry transitions to green cement. Key players are expanding capacity for future market dominance, focusing on EBITDA growth and improved financial performance. In auto, M&M in your portfolio, hold on, there is no hurry to take away profits from there, but Tata Motors should be looked at, says Nischal Maheshwari
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Tata Motors has a Rs 18,000 crore EV plan, reveals MD Shailesh Chandra
Tata Motors is eyeing 30-40 per cent sales from EVs by FY30 and is planning to spend about Rs 18,000 crore to develope an ecosystem for the electric vehicle business. Over the next two years, the company has scheduled for launch Curvv EV, Curvv ICE ( internal combustion engine) and Sierra EV.
3 themes to bet on now for pre-Budget plays: Gurmeet Chadha
Gurmeet Chadha says that the market is trying to position on the pre-Budget period. But there are very few pockets which give a lot of valuation comfort. So, we have to be very selective in terms of what we buy and ensure that we do not end up paying very unreasonable valuations in those pockets.
Tata Play’s loss widens 3-fold as DTH takes a hit
Tata Play’s net loss for fiscal 2024 surged more than threefold due to heightened competition in its direct-to-home (DTH) TV distribution business. The company reported a net loss of Rs 354 crore for the fiscal year ended March 31, compared to Rs 105 crore the previous year. Revenue from operations fell by over 4% to Rs 4,304 crore, while expenses rose 1.47% to Rs 4,761 crore. The DTH segment posted a net loss of Rs 247 crore, while the broadband business saw a narrower net loss and a 27% revenue increase.
ONDC is bulking up financial services play with consumer-facing apps
Tata Group's super app Tata Neu and credit marketplace Paisabazaar are conducting pilot studies for credit disbursals through the ONDC network, with lenders like DMI Finance and Aditya Birla Finance already integrated.
India Inc makes a play for equality: L&T and Amazon lead the way with all-women teams in engineering and delivery
Engineering giant L&T has established an all-women team at Tata Steel's mining site in Odisha, handling large machinery repairs, inspired by a successful pilot. Amazon, which initiated all-women virtual customer service in 2020, now operates nine all-women delivery stations in various locations. Companies like Shell, KFC, and Dr. Reddy's are also creating all-women teams in various sectors, boosting productivity, reducing attrition, and attracting female talent. These initiatives aim to address the gender gap and promote inclusive practices across industries.
Fundamental tailwinds are a stronger play than volatile markets? 5 Indian pharma stocks with upside potential of up to 31 %
There is no doubt that the market is going through a volatile phase and bears are once again telling the street to never write them off. Will this correction continue even longer ? It would probably be clear by the end of the day as the election result finally gets settled. Instead of focusing on how much nifty or bank nifty or any other index is down or up, focus on the fact that whether the sector or company is doing well and will it do well in future because the fundamental operating matrix of that sector has changed for better. Because volatile phases come and go, changes in the operating matrix don't happen every day. Pharmaceutical is one sector where there is a fundamental change taking place and it has happened after 8 to 10 years of restructuring and painful readjustment. So, it would be worthwhile to have them on watchlist and if the market remains volatile then it is a sector which probably has a higher probability of outperforming.
Disney said to sell 30% stake in Tata Play to Tata Group, valuing co at $1 billion
The deal came as the India’s media landscape is going through a major shakeup. Disney signed a binding agreement in late February to combine its India Unit with viacom 18 media pvt, creating an $8.5 billion entertainment giant that will have 750 million viewers and dominate the sector in the world’s populous country.
Tata Play will now give Amazon Prime benefits & liberty to choose your own OTT bundles
Tata Play has partnered with Amazon Prime to provide Tata Play DTH and Tata Play Binge customers with various options to access Prime's content and perks, including same-day delivery. Tata Play CEO Harit Nagpal stated the goal is to enhance user convenience and introduce a new bundled apps category. The collaboration offers different subscription packs, starting from Rs 199 per month, with access to Prime Lite on Tata Play. Binge subscribers can choose from multiple popular apps at different price points. Customers can subscribe to six or all 33 OTT apps, including Prime Video. The partnership aims to offer comprehensive value, combining video, shipping, and shopping benefits.
India playing crucial role in advanced manufacturing: N Chandrasekaran
The Tata Sons chairman noted that companies are adjusting their supply chains to achieve a balance between resilience and efficiency. Additionally, Chandrasekaran emphasized the emergence of new global supply chain ecosystems, with India assuming a significant position in advanced manufacturing.
Tata Play Binge becomes largest OTT aggregator with addition of discovery+
Tata Play Binge, an OTT aggregation service, has expanded its offerings by adding Discovery+ to its platform, now boasting over 30 local and global apps. Discovery+ brings a vast library of content spanning 40 genres, including nature, science, history, and reality shows, with popular titles like 90 Day Fiance and Man vs. Wild. Pallavi Puri, Tata Play’s Chief Commercial and Content Officer, emphasized the significance of this collaboration in enriching their content offerings.
Temasek sells 10% stake in Tata Play to Tata Sons for Rs 835 crore
Tata Play, India's largest DTH firm with 21 million subscribers, has intimated the Ministry of Information and Broadcasting (MIB) about the change in shareholding, according to one of the persons, who did not wish to be identified. Under the DTH rules, licence holders are required to inform the ministry about a change in shareholding or partnership or foreign direct investment pattern.
Pay DTH operators lost 0.66 million subscribers in festive quarter
According to the Telecom Regulatory Authority of India's Performance Indicator Report for the quarter ending December 31, the pay DTH base of the four private DTH operators declined to 63.52 million from 64.18 million in the trailing quarter.
Broadcasters seek tariff forbearance to help pay-TV compete with OTTs, others
Broadcast sector stakeholders are urging the Telecom Regulatory Authority of India (Trai) to implement complete tariff forbearance to enhance the competitiveness of the pay-TV industry against emerging and established platforms like over-the-top (OTT) and DD Free Dish. Trai recently held an open house discussion to address issues in the consultation paper 'Review of Regulatory Framework for Broadcasting and Cable Services’.
IPL 2024 smashes viewership records: 45 crore viewers tune in on Star Sports for 26 matches so far
According to BARC data, Disney Star has amassed a cumulative reach of 44.8 crore viewers over the first 22 days, comprising 26 matches of TATA IPL 2024. This surge in viewership translates to a staggering total watch-time of 18,800 crore minutes.
Strategy reset under new Tata Digital boss; subscription play for Ola, Uber autos
Handpicked by Tata Sons chairman N Chandrasekaran from their insurance arm, Tata AIA Life, Naveen Tahiliyani is fostering a collaborative spirit at Tata Digital and encouraging participation from other group companies, officials told ET. Meanwhile, Chandrasekaran is keeping a close eye on his progress.
Broadband, OTT may keep Tata Play in good stead amid DTH dip
Tata Play's revenue from its core direct-to-home (DTH) business is expected to decline in the medium term due to a slowdown in its subscriber base. However, this decrease is anticipated to be balanced by growth in broadband and over-the-top (OTT) businesses. Operating margins may face pressure in FY24 and FY25 due to the subscriber base moderation, although partly offset by improved metrics from Tata Play Binge and expected breakeven from Tata Play Broadband.
Star Sports joins hands with Tata Play & Airtel Digital TV to elevate your IPL viewing experience
Star Sports Network enhances Tata IPL 2024 fan experience with 4K VAS, R.E.D. features, and Star Cam. Partnerships with Tata Play and Airtel Digital TV provide immersive viewing, setting new standards in sports entertainment.
SC stays govt’s fact-check unit; no CCI relief for Indian internet firms
The apex court has put on hold the Centre's notification on setting up a fact-checking unit. Details on this and more in today’s ETtech Top 5.
IPL: Star Sports, Tata Play partner to offer targeted advertising starting with Indian Premier League
Tata Play and Star Sports have partnered to introduce targeted advertising during live sports broadcasts, starting from this IPL season. This industry-first move allows advertisers to reach premium audiences in India's top metro cities. The introduction of addressable ads for unconnected boxes during live IPL matches is a groundbreaking development in the Pay TV sector, offering advertisers the opportunity to target specific audiences based on region and income group.
Star Sports, Tata Play introduce targeted advertising for IPL 2024
Star Sports and Tata Play have joined forces for targeted advertising during live IPL matches, offering precise audience reach and engagement opportunities for premium brands across India's top metro cities.
Tata Group considering buying Disney’s stake in Tata Play
The buyback discussions with Disney come after the American company signed a binding agreement in late February to merge its India unit with billionaire Mukesh Ambani’s media arm Viacom 18 Media Pvt., creating an $8.5 billion entertainment giant that will have 750 million viewers and dominate the sector in the world’s most-populous country.
Tata Motors’ demerger likely to lift the valuation multiple of the CV business
The demerger of Tata Motors’ truck business will unlock value for shareholders. The truck business has been a consistent cash flow generator for the last five years but that was never fully captured at the consolidated level given the higher spending of the passenger vehicles (PV) division on product development. On the volume front, Tata Motors sold 2,73,715 CV units while Ashok Leyland shipped 1,38,415 units between April-December 2023.
Reliance Tata Deal: Ambani's RIL may buy 30% Tata Play stake from Disney to strengthen television distribution & JioCinema
Reliance Industries is reportedly in talks to acquire a 29.8% stake in Tata Play, a subscription-based satellite TV and video streaming service, from Walt Disney. The potential deal would strengthen Reliance's presence in India's television distribution sector and expand the reach of its streaming platform, JioCinema. Tata Play, owned by Tata Sons and Temasek, faces competition from Netflix, Hotstar, JioCinema, and Amazon Prime.
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