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News on Medial
Corporate largesse hits record ₹5 trillion amid profit slowdown
Livemint
·
2m ago
Medial
In fiscal year 2025, despite a slowdown in profit growth, Indian companies disbursed a record ₹4.9 trillion in dividends, reflecting a strategic shift towards prioritizing investor returns over reinvestment. A Mint analysis of 496 BSE 500 companies revealed an 11% increase in dividend payouts, surpassing the 9.5% net profit growth. This divergence highlights a recalibration in corporate strategy to prioritize shareholder rewards amid economic volatility and slowing profit momentum.
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BGMI hits record sales in 2024, fuels Krafton’s 35.7% YoY mobile revenue growth
YourStory
·
6m ago
Medial
Battlegrounds Mobile India (BGMI) achieved record sales in 2024, contributing to a 35.7% increase in Krafton Inc’s mobile revenue. BGMI now boasts over 200 million downloads, solidifying its role as India’s top battle royale game. Krafton’s overall 2024 earnings reached 2.71 trillion KRW, with a 54% rise in operating profit. CEO CH Kim outlined plans for future growth, including expanding the PUBG universe and new titles, aiming for significant revenue expansion.
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Unicorns worldwide: India ranks third with 67 unicorns, US has 703, China has 340
Business Today
·
1y ago
Medial
India's startup ecosystem is experiencing a decline in unicorn creation, according to the Hurun Global Unicorn Index 2024. India had 67 unicorns in 2023, one less than the previous year. In contrast, the US had 703 unicorns and China had 340. The overall value of unicorns globally reached $5 trillion. The slowdown in India's startup ecosystem is primarily attributed to a lack of investment, despite record stock market highs. However, Indian founders are establishing more unicorns abroad, particularly in the US.
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Exclusive: Clean energy investment hits new highs and shows no sign of slowing | TechCrunch
TechCrunch
·
2m ago
Medial
A new International Energy Agency report reveals that global investment in clean energy is nearly double that of fossil fuels, reaching $2.15 trillion in 2025. Despite steady fossil fuel investments, clean energy investment shows a significant upward trend, suggesting no slowdown in the energy transition. Achieving net zero by 2050 would require an average annual investment of $4.5 trillion. However, ongoing exponential growth in clean energy investments indicates this target may be attainable.
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Apollo emphasizes private market opportunity after first-quarter profit bump
VCCircle
·
3m ago
Medial
Apollo Global Management is capitalizing on the demand for private investments, reporting a 5% profit increase in the first quarter. CEO Marc Rowan is optimistic about private assets, which provide stability amidst volatility like that caused by tariffs. Apollo's fee-related earnings soared 21% to a record $559 million, driven by new inflows. Although shares dipped 1.4%, the firm is poised for growth with $64 billion in unspent capital, targeting $1 trillion under management by 2026.
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Rare earths shortage hits Apple vendor Foxconn's AirPods unit - The Economic Times
Economic Times
·
1m ago
Medial
Production of Apple AirPods in India has faced challenges due to a shortage of dysprosium, a rare earth metal, amid China's export restrictions. Foxconn's Telangana plant experienced a slowdown, despite no official production disruption. The company sought assistance from the Indian government to expedite the export approval process. The supply chain for essential metals like dysprosium and neodymium, crucial for manufacturing, has become longer, impacting production cycles. Foxconn anticipates resolution by month-end.
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Disney+ Hotstar Hits A New Record of 44 Mn Concurrent Viewers
Inc42
·
1y ago
Medial
On November 5, Disney+ Hotstar set a new record for live-streaming viewership with 44 million concurrent viewers during a cricket match between India and South Africa. This surpassed their previous record of 43 million viewers and was seen as a crucial moment for the platform amidst competition and potential takeover talks with Reliance. Despite a decline in subscriber base, the strategic move of providing free streaming for major cricket events resulted in impressive viewership numbers. The Indian video OTT market is expected to double and reach $12.5 billion by FY2030.
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BofA payments app for businesses handled record $500 billion by mid-year
Economic Times
·
1y ago
Medial
Bank of America reported that its corporate clients have approved a record $500 billion in payments through its CashPro app by mid-year, a 40% increase from the same period last year. The bank projects that payments on the app will surpass $1 trillion this year, up from $802 billion in 2022. This surge in usage reflects the growing trend of banks investing in apps that allow corporations to manage their finances on mobile devices. The global payments industry has seen a significant increase in revenues, reaching over $2.2 trillion in 2022, with commercial accounts contributing 53% of the total. Bank of America's broader payments business processes nearly $2 trillion in transactions daily.
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Nvidia notches record close, could unseat Apple as most valuable company
Economic Times
·
10m ago
Medial
Nvidia's stock closed at a record high, making it one of the top contenders to surpass Apple as the world's most valuable company. The rise in stock price is attributed to strong investor confidence in the demand for Nvidia's AI processors. Currently trailing behind Apple's market value at $3.39 trillion, Nvidia has benefited from the growing interest in AI technology. Despite some delays in production, the company remains optimistic about their upcoming Blackwell chips. However, investors are cautious about a potential slowdown in AI spending, which could impact Nvidia's performance.
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Crypto custody startup BitGo confidentially files for US IPO - The Economic Times
Economic Times
·
1m ago
Medial
BitGo, a crypto custody firm, has confidentially filed for a U.S. IPO amid a surge in the crypto sector, which recently hit a $4 trillion market value. This growth is fueled by corporate treasury adoption, regulatory clarity, and increased institutional inflows. BitGo's move follows a trend of crypto companies, such as Grayscale and Gemini, seeking public listings. Founded in 2013, BitGo raised $100 million at a $1.75 billion valuation in 2023.
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Reliance posts record Rs 21,930 Cr profit as Jio, retail fuel growth
YourStory
·
7m ago
Medial
Reliance Industries Ltd reported a record net profit of Rs 21,930 crore for Q3 of fiscal 2024-25, boosted by performances in retail and telecom. Consolidated revenue rose 7.7% to Rs 2,67,186 crore. Reliance Jio's profit increased by 25.9%, with revenue up by 19.2%. Reliance Retail's profit grew by 10.1%, with revenue up by 8.8%, driven by new stores and festive demand. The O2C segment's revenue modestly increased by 6% amid weaker refining margins.
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