Tag: thellv

  • Swiggy’s Financial Outlook: Insights and Growth Projections

    Swiggy’s Financial Outlook: Insights and Growth Projections

    Motilal Oswal Financial Services recently shared their thoughts on Swiggy, giving it a “neutral” rating with a target price of Rs 475. Currently, Swiggy’s stock price stands at Rs 522.7.

    In the second quarter of FY25, Swiggy made Rs 36.1 billion, which is an 11.7% increase compared to the previous quarter and a whopping 30.4% compared to last year. In the food delivery section, Swiggy reported Rs 71.9 billion in goods ordered (GOV), marking an increase of 5.6% from the last quarter and 14.6% from a year ago. They expect food delivery to grow in the high teens for FY25.

    Swiggy’s grocery delivery service, Instamart, performed really well, racking up Rs 33.8 billion in GOV, which is a 75.5% increase from last year. To keep up with demand, Swiggy plans to double its dark stores (places where food is prepared and stored) by FY25 from 523 stores in FY24.

    In terms of earnings, Swiggy’s food delivery service had an adjusted EBITDA margin of 1.6%, which is an improvement, as well as a slightly better contribution margin of 6.6%. However, the overall adjusted EBITDA was a loss of Rs 3.41 billion. Instamart’s contribution margin is still negative at -1.9%, but it is improving.

    Swiggy reported a net loss of Rs 6.2 billion but noted a 4.7% decrease in losses compared to a year before. They believe they can reach breakeven in overall adjusted EBITDA by the third quarter of FY26.

    Swiggy has been a key player in food delivery and grocery delivery, but it’s losing ground to its main competitor, Blinkit. To grow, Swiggy needs to boost its sales and improve its business operations.

    According to Motilal Oswal, they expect food delivery orders to grow by 12.5% a year, along with a small growth in average order value (AOV). Quick commerce (Q-commerce) is expected to grow even faster at 23.6% a year.

    Swiggy is projected to have a profit margin of -16.1% in FY25, improving to -3.9% in FY26, and then turning positive at 1.8% in FY27.

    Despite some changes, Swiggy still faces challenges ahead. They maintain their DCF-based valuation at Rs 475, suggesting a 5% drop from the current price. Overall, the brokerage keeps a neutral rating on the stock.

  • Louisiana Welcomes Meta’s $10 Billion AI Data Center: Job Boost or Energy Woes?

    Louisiana Welcomes Meta’s $10 Billion AI Data Center: Job Boost or Energy Woes?

    Meta, the company behind Facebook, is building the largest artificial intelligence (AI) data center ever in northeast Louisiana. They announced this exciting news on Wednesday, saying it will cost about $10 billion. This new facility is expected to help the area, which has struggled economically for a long time.

    The governor of Louisiana, Jeff Landry, believes this project will create jobs and boost the tech industry in the state. However, some environmental groups are worried about how much energy the data center will use and if it will make electricity bills go up for people living nearby.

    At the same time, Elon Musk’s AI company, xAI, is also working on expanding its supercomputer in Memphis, Tennessee. Other companies like Nvidia and Dell will also set up shop there, but no more details were shared yet.

    Many states, including Louisiana, are trying to attract big tech companies that need a lot of power for their data centers by offering tax breaks and other benefits. A government report pointed out that there are not enough data centers in the U.S. to keep up with the growing demand for AI tech, which is expected to rise by 9% each year through 2030.

    Meta’s Louisiana data center is expected to create 500 permanent jobs and 5,000 temporary construction jobs, according to Kevin Janda, the director of data center strategy at Meta. At a whopping 4 million square feet, it will be Meta’s biggest AI data center yet.

    Kevin Janda also said, “We want to make sure we are having a positive impact on the local level.” Local leaders from both parties welcomed the Meta facility, calling it a great opportunity for Richland Parish, which has a small population of about 20,000 people primarily reliant on farming. A quarter of its residents live in poverty, and fewer than half are employed according to census data.

    To help with the water use from the data center, Meta plans to invest $200 million in improving roads and water infrastructure in the parish, and they aim to finish building the center by 2030.

    Entergy, a major utility company, is rushing to build three natural gas power plants in Louisiana to generate enough energy, about 2,262 megawatts, specifically for Meta’s data center over the next 15 years. This is almost 10% of Entergy’s total energy capacity across four states. The Louisiana Public Service Commission is currently reviewing Entergy’s proposal, but some environmental groups are against adding more fossil fuel plants.

    Meta has plans to contribute 1,500 megawatts of renewable energy to the grid in the future. But Jessica Hendricks, a policy director for an energy advocacy group, worries that local residents might face higher electricity bills to support the cost of these power plants when Meta’s deal with Entergy ends. “There’s no reason residents should pay for a power plant they won’t use,” she stated.

    Commissioner Foster Campbell, who represents northeast Louisiana, has a different view. He does not believe the data center will raise electricity rates and sees it as important for the region. “It’s going in one of the most needed places in Louisiana and in the whole country,” he said. “I’m 100% for it.”

    Meanwhile, environmental organizations are concerned about pollution from Musk’s AI project in Memphis. The Southern Environmental Law Center warns that the supercomputer could put a strain on the power grid, which might catch the attention of the Environmental Protection Agency.

    Currently, 18 gas turbines at xAI’s facility contribute to air pollution in Memphis, creating ground-level ozone or smog. Attorney Patrick Anderson from the law center says xAI has not been transparent about its operations and that local residents, particularly in predominantly Black neighborhoods, deserve to know how this affects them. “Memphians should have a say in these decisions,” he said.

  • Tennis Premier League Day 2: Hyderabad Strikers Shine in Mumbai!

    Tennis Premier League Day 2: Hyderabad Strikers Shine in Mumbai!

    Mumbai, India: The second day of the Tennis Premier League Season 6 was full of thrilling matches at the Cricket Club of India in Mumbai. The Hyderabad Strikers shined, moving to the top of the leaderboard after an amazing performance. The Yash Mumbai Eagles are in second place, followed by the Rajasthan Rangers and Chennai Smashers in third and fourth places.

    The day started with the Bengal Wizards facing off against the Bengaluru SG Pipers. In the Women’s Singles, Kamilla Rakhimova from the Bengal Wizards won against Gabriela Knutson with a score of 14-11. In the Men’s Singles, Niki Poonacha narrowly defeated Bernabe Zapata with a score of 13-12. However, the Bengaluru SG Pipers celebrated a mixed doubles victory when Gabriela Knutson and Anirudh Chandrasekar beat Kamilla Rakhimova and Sriram Balaji 14-11. The Men’s Doubles saw Chandrasekar and Zapata Miralles triumph over Poonacha and Balaji 15-10, giving Bengaluru SG Pipers a strong overall win of 52-48.

    Next, the Punjab Patriots took on the Gujarat Panthers. Ekaterina Kazionova scored big for Gujarat, winning the Women’s Singles 19-6 against Akanksha Nitture. In a closely fought Men’s Singles match, Mukund Sasikumar won against Sumit Nagal 15-10. The Gujarat Panthers continued their success in Mixed Doubles where Kazionova and Vijay Sundar Prashanth outplayed Nitture and Myneni 15-10. Despite a Men’s Doubles victory for the Punjab Patriots by Mukund Sasikumar and Saketh Myneni, Gujarat Panthers won the match 54-46.

    In the third match, the Hyderabad Strikers faced the Chennai Smashers. Harriet Dart won the Women’s Singles 14-11 against Conny Perrin. In the Men’s Singles, Hugo Gaston finished ahead of Benjamin Lock, winning another close match 14-11. Hyderabad’s Mixed Doubles pair of Dart and Vishnu Vardhan won nicely against Perrin and Rithvik Choudary Bollipalli, scoring 16-9. The last doubles match saw Hyderabad lose 14-11 to Lock and Vardhan, but they still won the match overall with 55-45.

    The final match of the day featured the Rajasthan Rangers and Yash Mumbai Eagles. Zeynep Sonmez dominated the Women’s Singles with a 17-8 win against Cristina Dinu. In the Men’s Singles, Arthur Fery edged out Karan Singh 14-11. The Mixed Doubles win for the Yash Eagles came from Sonmez and Jeevan Nedunchezhiyan, defeating Cristina Dinu and Rohan Bopanna 15-10. In the Men’s Doubles, Bopanna and Fery won against Singh and Nedunchezhiyan 14-11, but Yash Mumbai Eagles took the match 54-46.

    After an exciting day of tennis, the leaderboard shows the Hyderabad Strikers in first with 112 points, followed closely by Yash Mumbai Eagles with 109 points, while Rajasthan Rangers hold third place with 103 points, and the Chennai Smashers are fourth with 99 points. The Bengaluru SG Pipers and Gujarat Panthers are close behind at 98 and 97 points respectively. Finally, the Bengal Wizards and Punjab Patriots are tied for seventh with 91 points each.

  • Indian Rupee Expected to Fall to 85 per Dollar: What You Need to Know

    Indian Rupee Expected to Fall to 85 per Dollar: What You Need to Know

    The Indian rupee is expected to drop to a new low, hitting around 85 rupees for every U.S. dollar in the next six months. This prediction comes from a recent survey of foreign exchange experts. The Reserve Bank of India (RBI) has been trying to help the rupee by using its large savings, but even with those efforts, the currency reached a record low of 84.74 rupees on Tuesday.

    India’s economy, which is growing faster than any other major country right now, saw a surprising slowdown, growing only 5.4% in the last quarter. This news has led some people to think the RBI might lower interest rates soon. However, only a small number of economists believe a rate cut will happen this month; most think it will happen in the first part of 2025.

    Meanwhile, U.S. President-elect Donald Trump’s proposed tariffs have made the U.S. dollar stronger, rising almost 6% since October. The RBI has used around $50 billion from its reserves to support the rupee, but foreign investors have pulled out over $13 billion from India during this time.

    Forecasts from the survey suggest the rupee will weaken further, trading at about 84.85 per dollar in three months and around 85.12 in six months. The rupee is also considered expensive compared to other Asian currencies, so it needs to drop more. Some experts believe that the government can still support the economy through increased spending, interest rate cuts, and keeping the rupee low.

  • Manager Defends Hazlewood Amid Fox Cricket Controversy Over Comments

    Manager Defends Hazlewood Amid Fox Cricket Controversy Over Comments

    Josh Hazlewood’s manager, Neil Maxwell, has voiced strong criticism against Fox Cricket for creating drama around Hazlewood’s comments. During a press conference after Australia lost to India, Hazlewood, a lower-order batsman, said he didn’t want to discuss the team’s batting performance and suggested that the batters should be asked instead.

    Maxwell believes Fox Cricket twisted this remark to imply there’s a rift within the Australian cricket team. He emphasized that Australian players have never been closer, calling the idea of a divided team “ridiculous.” He said that suggesting Hazlewood’s comments mean there’s trouble in the dressing room hurts the credibility of the media.

    Maxwell also pointed out that media outlets are often desperate for storylines, which makes players reluctant to speak openly. He explained that with so many reporters looking for stories, there’s no benefit for players to share their honest thoughts.

    Fox Cricket used Hazlewood’s quote to fuel discussions among commentators, making it seem like there was tension within the team. This prompted more speculation and criticism about Hazlewood and the team, which only added to the drama.

  • Pushpa 2 Shatters Records with Over ₹16 Crore on Day 1!

    Pushpa 2 Shatters Records with Over ₹16 Crore on Day 1!

    Get ready for some exciting news! The much-awaited movie ‘Pushpa 2’, starring Allu Arjun, is off to an amazing start on its first day. According to reports from Niftystat, the movie has already earned over ₹16 crore from ticket sales, and that number is still climbing!

    Before the official release, ‘Pushpa 2’ made an impressive ₹8 crore from special advance showings at selected theaters across India. The early audience and critics loved it, which has everyone excited to see it.

    The film’s makers, Mythri Movie Makers, are celebrating because they sold around 4 lakh tickets in the popular theaters PVR, Inox, and Cinepolis, with PVR selling an impressive 3,25,000 tickets alone.

    On a global level, ‘Pushpa 2’ pulled in a record-breaking ₹125 crore in pre-sales, including those special advance tickets. In India alone, the advance bookings were a jaw-dropping ₹85 crore! Experts believe weekend ticket sales will continue to rise even more.

    About ‘Pushpa 2’

    Directed by Sukumar, ‘Pushpa 2: The Rule’ is the follow-up to the popular 2021 movie ‘Pushpa: The Rise’. The film features catchy songs from music composer Devi Sri Prasad and background scores from Thaman and Sam CS.

    With a huge budget of ₹500 crores, fans are eagerly awaiting this cinematic experience. The talented cast includes Jagadeesh Prathap Bandari, Jagapathi Babu, Prakash Raj, and Anasuya Bharadwaj, which adds depth to the story.

    After three years of hard work, the film finally made it to theaters. It was supposed to release on Independence Day but has been rescheduled to December 4, 2024.

    The story follows Pushpa’s journey as he climbs to the top of the red sandalwood smuggling world, facing new challenges and enemies. Rashmika Mandanna is back as Srivalli, who is now Pushpa’s wife, and Fahadh Faasil returns as SP Bhanwar Singh Shekhawat, Pushpa’s tough opponent.

    To reach a wider audience, ‘Pushpa 2’ will be available in several languages, including Telugu, Tamil, Hindi, Kannada, and Malayalam.

  • Powell’s View: Strong Economy & Cautious Approach to Interest Rate Cuts

    Powell’s View: Strong Economy & Cautious Approach to Interest Rate Cuts

    U.S. Federal Reserve Chair Jerome Powell recently shared that the economy is doing better than expected. When the Fed started lowering interest rates in September, they thought the economy was weaker. Now, Powell says the job market looks good, the economy is growing stronger, and inflation is a bit higher than they thought.

    Powell spoke at a New York Times event, and his comments came just before a big Fed meeting on December 17-18, where they are likely to make more decisions about interest rates. Some Fed officials, like Christopher Waller, have hinted they might cut rates again soon, unless new data suggests otherwise. Powell seems to agree with this cautious approach.

    He mentioned that the Fed’s previous rate cut was a signal to support jobs if the market was weak. But now, better data suggests the economy is stronger than they had anticipated.

    Federal officials will soon get new data on jobs and inflation that will help them decide what to do next. Powell emphasized that their decisions are based on the current situation, not on what might happen in the future.

    Other Fed officials like Alberto Musalem and Thomas Barkin are also being careful. They want to look at new information before making any promises about future rate cuts. The inflation rate remains above the Fed’s target of 2%, so they are keeping a close watch on it.

    With mixed signals from various reports—some showing stronger spending and others pointing to concerns about rising prices—Fed officials are staying on alert and cautious about their next moves.

  • Amnesty International Accuses Israel of Genocide in Gaza War

    Amnesty International Accuses Israel of Genocide in Gaza War

    THE HAGUE: Amnesty International has accused Israel of committing genocide against Palestinians during the ongoing Gaza war, according to a report released on Thursday. This serious claim has been denied by Israeli leaders. Amnesty stated that after months of examining events and statements from Israeli officials, they believe the actions taken meet the requirements for genocide.

    The 1948 Genocide Convention defines genocide as actions aimed at destroying, either fully or partly, a national, ethnic, racial, or religious group. Israel has rejected these genocide claims, asserting it is acting within international law to defend itself following a Hamas attack on October 7, 2023, which killed 1,200 people and took over 250 hostages. Since then, Israel has launched a military campaign in Gaza resulting in the deaths of more than 44,400 Palestinians, according to Gaza’s Health Ministry.

    Amnesty argues that most people in Gaza, which has 2.3 million residents, are now displaced, many multiple times. At hearings earlier this year at the International Court of Justice (ICJ) in The Hague, where South Africa accused Israel of genocide, Israeli lawyers denied any such intentions. They claim their goal is to eliminate Hamas, not to harm Palestinians as a group.

    Agnes Callamard, Secretary General of Amnesty International, emphasized that their findings were not made lightly. After reviewing over 100 statements from Israeli officials, she strongly believes genocide is occurring. Callamard pointed out that Israel’s claim that its war only targets Hamas does not hold up under examination.

    Amnesty has called on the International Criminal Court (ICC) to investigate these genocide claims. The ICC is already looking into alleged war crimes in the Palestinian territories

  • Aditi Rao Hydari Shines as a Freedom Fighter in Heeramandi!

    Aditi Rao Hydari Shines as a Freedom Fighter in Heeramandi!

    Aditi Rao Hydari stole everyone’s heart with her role in Sanjay Leela Bhansali’s new series, Heeramandi. She plays a courtesan named Bibbojaan who becomes a brave fighter for freedom. In a recent interview with The Hollywood Reporter India, Aditi talked about her exciting experience filming the series.

    When asked about any challenging scenes, Aditi shared, “I was really worried about my two mujras. Even though I’ve danced since I was a kid and learned Bharatnatyam, mujra was something completely new. It’s a dance style that requires a lot of skill, especially when taught by someone as detailed as Sanjay Leela Bhansali.”

    She also mentioned that for the important scenes where she delivers powerful speeches, Bhansali asked her to skip meals for a day. “Being a little hungry actually helped me perform better. He joked that when I eat, my speeches might seem more like romantic scenes,” she laughed.

    The series is set during the time of the Indian independence movement and shows the struggle between the courtesans in Heeramandi, Lahore, and British officials. It features a talented cast including Sonakshi Sinha, Richa Chadha, and Fardeen Khan. Excitingly, a second season is already in the planning stages!

  • Vaughan Supports Cummins’ Comeback in Pink-Ball Test vs. India

    Vaughan Supports Cummins’ Comeback in Pink-Ball Test vs. India

    Michael Vaughan believes that Pat Cummins, the captain of Australia, can regain his form in the upcoming pink-ball Test against India during the Border-Gavaskar Trophy. In the first Test in Perth, Cummins didn’t perform well, taking only three wickets and leading his team to a tough 295-run loss.

    Vaughan pointed out that Cummins seemed a bit out of practice because he hadn’t played a Test since March. “He’s an excellent bowler and captain, but he looked a bit rusty in Perth,” Vaughan said on The Follow On. “I think this week in Adelaide, he will be faster and more in control after playing last week.”

    In the first innings at Perth, Australia was able to bowl out India for just 150 runs. However, their top three bowlers—Cummins, Mitchell Starc, and Josh Hazlewood—struggled in the second innings, allowing India to score 487 runs before declaring.

    Vaughan believes that playing in the first Test is good for Cummins. “It helps him get used to the longer format again, so he should be better this time,” he added.

    Cummins has also seen a drop in pace this year, which made it harder for him to trouble the Indian batsmen. Vaughan explained, “If his speed is down, it gives batters more time to adjust. We saw this during the Ashes when England was able to score easily against him.”