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☆ Why investors should buy the 10% drop in Disney, according to Barclays
▼ + stars: | 2024-05-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The selloff in Walt Disney shares after the release of its latest earnings on Tuesday was "overdone," according to Barclays, which is bullish on the company's streaming results. Shares tumbled nearly 10% Tuesday after Disney missed revenue estimates for a fourth quarter in a row. DIS 1Y mountain Disney shares over the past 12 months. He said he is optimistic about Disney's streaming segment results. Down the line, Disney's streaming margins could potentially top those of Netflix, he added.

Persons: Kannan Venkateshwar, Venkateshwar, — CNBC's Michael Bloom Organizations: Walt Disney, Barclays, Disney, DIS, Netflix, Comcast, Hulu Locations: India

☆ Why Zuck, Ivanka Trump and the world's rich and famous are flocking to a lavish party in India
▼ + stars: | 2024-03-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg, Bill Gates and other CEOs and celebs are at a wedding pre-party in India this weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The centibillionaire's grip on domestic commerce makes him a powerful partner for Western companies trying to break into the Indian market. Vital growth frontierUS executives are eager to cozy up to Ambani and Reliance because they see dollar signs when they look at India.

Persons: Mark Zuckerberg, Bill Gates, Mukesh, —, Sundar Pichai, Ivanka Trump, Mukesh Ambani's, Ambani, Larry Page, Sergey Brin, Anant, Radhika Merchant, Mukesh Ambani, Nita, Prodip Guha, Tim Cook, Cook, Apple's, Ted Sarandos, Meta Organizations: Apple, Microsoft, Netflix, Service, Reliance Industries, Bloomberg, Qualcomm, Intel, Hindustan Times, Amazon, Indian Locations: India, China, New Delhi

☆ HSBC to build large personal banking business in India - country CEO
▼ + stars: | 2023-11-09 | by ( Ira Dugal | ) www.reuters.com time to read: +2 min

HSBC Bank logo is seen in this illustration taken March 12, 2023. The bank has long had a retail, or personal, banking business in India, but has not focused on building that up, Dave said. "We intend to build a very large retail, or what we call a personal, banking business." Global banking and markets and commercial banking are the largest contributors to the India business. HSBC India's wealth and personal banking segment, which includes private banking, mortgages and asset management, contributed $35 million or 4.6% to its profit before tax in the first six months of 2023.

Persons: Dado Ruvic, Hitendra Dave, Dave, Ira Dugal, Jan Harvey Organizations: HSBC Bank, REUTERS, Rights, HSBC, Reuters, Global, Thomson Locations: Rights MUMBAI, India, HSBC India

☆ Disney nears deal to sell $10-bln valued India business to Reliance -Bloomberg News
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

However, Disney may now sell a controlling stake in the business to Reliance, the Mukesh Ambani-controlled conglomerate whose streaming platform's success has weighed on the U.S. company's Indian business, Bloomberg reported. Reliance, whose broadcast venture Viacom18 runs JioCinema, values Disney's India assets, which comprises the Disney+ Hotstar streaming service and Star India, at between $7 billion and $8 billion, the report said. The enterprise value of the India business, Disney's biggest last year globally by users, was seen at around $15 billion to 16 billion when Disney took over Fox's business. The deal could be announced as early as next month, although no final decision has been made and Disney could still decide to hold onto the assets, Bloomberg reported. JioCinema has put increased pressure on Disney India and other streaming platforms, with Ambani marketing the platform by offering free access to the Indian Premier League cricket tournament, digital rights of which were earlier with Disney.

Persons: Dado Ruvic, Gautam Adani, Kalanithi Maran, Mukesh Ambani, JioCinema, Ambani, OTT, Karan Taurani, Taurani, Varun Vyas, Rama Venkat, Savio D'Souza Organizations: Disney, REUTERS, Rights, Reliance Industries, Bloomberg, Reuters, Sun TV Network, Blackstone, Reliance, Star India, Disney's, Disney India, Indian Premier League cricket, Elara Securities, Thomson Locations: India, Bengaluru

☆ India's Byju's to merge businesses, slash around 5,500 jobs – ET
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

People walk past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsSept 26 (Reuters) - Indian education firm Byju's plans to cut around 5,500 jobs to decrease costs amid a restructuring of its business, the Economic Times reported on Tuesday. The firm, valued at $22 billion last year, has experienced a series of business setbacks, including its auditor and board members quitting. In the last few months, it has also been negotiating the repayment of a $1.2 billion loan. (This story has been corrected to change Arjun Mohan's designation to say CEO of Byju's India business, not the company, in paragraph 2)Reporting by Shivani Tanna in Bengaluru; Editing by Pooja Desai私たちの行動規範：トムソン・ロイター「信頼の原則」

Persons: Adnan Abidi, Arjun Mohan, Byju's, Arjun, Shivani Tanna, Pooja Desai 私 Organizations: Education Technology, REUTERS, Economic Times Locations: New Delhi, India, Bengaluru

But Indian billionaire Mukesh Ambani snatched IPL rights away in a $2.9 billion bid last year, and then streamed games for free. Soon, Disney subscribers fled - out of 61 million users in October, roughly 21 million had left by July. It retains digital streaming rights but last year licensed the TV broadcast rights to Indian's Zee Entertainment (ZEE.NS) for around $1.5 billion, a source said. In the United States, ad-free Disney+ streaming service subscription rates are set to rise by 27% to $13.99 per month. By contrast in India, Disney+ Hotstar service costs $3.62 a month.

Persons: Anushree, India's Ambani Hotstar, Walt Disney, Disney, Mukesh Ambani, That's, JioCinema, Sivanandan, Daoud Jackson, Bob Iger's, Nancy Lee, Ambani, Aditya Kalra, Munsif, Dawn Chmielewski, Muralikumar Organizations: ICC Men's Cricket, REUTERS, Companies Disney India, Century Fox, Indian Premier League, Disney, Reuters, Asia, Cricket, Indian's Zee Entertainment, IPL, Blume Ventures, Hotstar, Staff, Media Partners, Netflix, JioCinema, Thomson Locations: Gurugram, India, Burbank, Disney India, United States, New Delhi, Bengaluru, Dawn, Los Angeles

☆ Fairy-tale ending will elude Disney in India
▼ + stars: | 2023-08-11 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

MUMBAI, Aug 11 (Reuters Breakingviews) - India has lost its magic for Walt Disney (DIS.N). Even if boss Bob Iger can find a buyer or joint venture partner, a fairy-tale ending will elude the Magic Kingdom. The combination of changing viewing preferences and Disney’s own conservatism in streaming puts Disney India in a weak spot. The average monthly revenue per subscriber held steady at 59 cents, compared to $7.31 per subscriber in its domestic Disney+ business. Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on July 11, citing unnamed people familiar with the matter.

Persons: Walt Disney, pare, Bob Iger, Iger, Mukesh, Ambani, JioCinema, Una Galani, Katrina Hamlin Organizations: Reuters, Fox, Kingdom, Netflix, Indian Premier League, HBO, Disney, Disney India, Walt Disney, Star India, Wall Street, Thomson Locations: MUMBAI, India, U.S, Mumbai, United States, Canada

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Persons: Dow Jones

☆ Here's a rapid-fire update on all 35 stocks in our portfolio — including 2 rating changes
▼ + stars: | 2023-07-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Coterra Energy (CTRA): At roughly 10 times forward earnings, Jim said he'd classify Coterra shares as dirt cheap. Estee Lauder (EL): We're downgrading Estee Lauder to a 2 rating Wednesday, meaning we're no longer recommending investors buy the stock at current levels. But we're sticking with Estee Lauder because eventually we expect China's economy to turn around, and with it EL's stock price. The semiconductor firm, which has seen its stock price nearly triple this year, is reportedly considering taking a long-term stake in chip designer Arm Holdings.

Persons: Jim Cramer's, Jim, he's, We're, Walt Disney, Bob Iger, we're, Estee Lauder, Emerson, Locker, Mary Dillon's, Locker's financials, Eli Lilly, Vimal Kapur, Johnson, Morgan Stanley, Morgan Stanley's, he'd, Palo, Laxman Narasimhan, Bud, Stanley Black, Decker, TJX's, Wells Fargo, We've, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Investors, Bausch Health, KKR, Costco Wholesale, Costco, Coterra Energy, ESPN, The, Disney, Emerson, National Instruments, Rockwell Automation, Ford, United Auto Workers, GE Healthcare, Halliburton, HAL, Honeywell International, Honeywell, Johnson, Linde, LIN, Novo Nordisk, Meta, Microsoft, Activision Blizzard, Nvidia, Arm Holdings, Palo Alto Networks, Palo Alto, Natural Resources, Procter & Gamble, Constellation Brands, TJX, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: India, Israel, California, U.S, Corona, Wells, Las Vegas , Boston, Macao

☆ Disney explores strategic options for India business - WSJ
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

July 11 (Reuters) - Walt Disney (DIS.N) is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report. The talks are in the early stages and it is unclear which options, if any, Disney might pursue, WSJ said. Disney's India business comprises Disney+ Hotstar streaming service and Star India, which it took over when it acquired the entertainment assets of 21st Century Fox in 2019. Star India, which was rebranded as Disney Star last year, encompasses dozens of TV channels and a stake in a movie production company.

Persons: Walt Disney, Hotstar, Yuvraj Malik, Shounak Dasgupta, Shailesh Organizations: Star India, Wall Street, Disney, Century Fox, Disney Star, Thomson Locations: India, Bengaluru

☆ Expect more military cooperation between the U.S. and India, says U.S.-India Business Council
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect more military cooperation between the U.S. and India, says U.S.-India Business CouncilAtul Keshap, president of the U.S.-India Business Council, and former Charge d'Affaires at the United States Embassy in New Delhi, says "it is clear that the diplomatic, military, strategic, economic, technological convergence between the U.S. and India is really starting to hit the accelerator pedal."

Persons: Atul Keshap Organizations: U.S, India Business, U.S ., India Business Council, United States Embassy Locations: India, U.S, New Delhi

☆ U.S.-India relations enter a new chapter and could unlock even more tech and defense deals
▼ + stars: | 2023-06-23 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesU.S.-India relations entered a new chapter as Prime Minister Narendra Modi and President Joe Biden announced a slew of technology and defense deals. "We were strangers in defense cooperation at the turn of the century, but now the United States has become one of our most important defense partners." That includes more military agreements, according to Atul Keshap, president of the U.S.-India Business Council, and former charge d'affaires at the United States Embassy in New Delhi said. And that is not contingent upon India supporting the United States down the line. "The U.S. understands that the human tech capital is a very important part of U.S. global leadership in innovation," said Singh, who previously served as India's ambassador to the United States.

Persons: Joe Biden, Narendra Modi, Modi, Atul Keshap, CNBC's, Biden, Raymond Vickery, Pant, Arun Singh, Singh, ORF's Pant Organizations: Joe Biden India's, White, Bloomberg, Getty, U.S . Congress, CNBC, U.S ., India Business Council, United States Embassy, India's, Washington Post, The Washington Post, F414, . Navy, Washington, Center for Strategic, International Studies, Observer Research Foundation, Carnegie India Locations: Washington , DC, India, U.S, United States, New Delhi, Republic of India, Washington ,, China, Delhi

☆ Sequoia Capital to split into three parts, separating its China and India businesses
▼ + stars: | 2023-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Sequoia partners Roelof Botha, Neil Shen, and Shailendra Singh delivered the update to their limited partners via a joint message. Botha is managing partner for Sequoia's U.S. and Europe business, while Shen and Singh run Sequoia's China and Southeast Asia businesses, respectively. "To deliver on our mission, we have decided to fully embrace our local-first approach," the three partners told their investors. "We've seen growing market confusion due to the shared Sequoia brand as well as portfolio conflicts across entities." Sequoia is one of the world's top venture funds, with notable investments in Apple, Google, Paypal, and Zoom.

Persons: Roelof Botha, Neil Shen, Shailendra Singh, Botha, Shen, Singh Organizations: Sequoia, Sequoia's, XV Partners, Apple, Google, Paypal Locations: China, U.S, Europe, Southeast Asia, India

☆ Sequoia Capital to split into three firms, separating its China and India businesses
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSequoia Capital to split into three firms, separating its China and India businessesCNBC's Deirdre Bosa joins 'The Exchange' to discuss Sequoia Capital splitting into three firms, the changing venture capital environment, and more.

Persons: Deirdre Bosa Organizations: Sequoia Locations: China, India

☆ Apple posts record quarter in India; analyst says Cook eyes market to be bigger than China
▼ + stars: | 2023-05-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

During Apple's earnings call on Thursday, Cook said that Apple set a "quarterly record" for its India business and saw "very strong, double digits year-over-year" growth. In its fiscal second quarter, Apple reported total revenue of $94.84 billion. Gene Munster, managing partner at Deepwater Asset Management, told CNBC Thursday he estimates India accounts for just under 3% of Apple's total revenue. India's smartphone market is dominated by low-cost Android phones, such as those offered by Samsung and Chinese players like Oppo and Xiaomi. This category of smartphones accounts for 35% of total smartphone market revenue.

☆ Holcim shrugs off interest rate fears to raise guidance
▼ + stars: | 2023-04-21 | by ( John Revill | ) www.reuters.com time to read: +3 min

Other countries such as Britain have also seen downturns this year, as higher interest rates weigh on building projects. But Holcim was undeterred, raising its outlook after what it called a strong start to the year. Holcim's first-quarter sales fell to 5.73 billion Swiss francs ($6.41 billion) from 6.44 billion, but beating the 5.66 billion forecast by analysts in a consensus of estimates. Recurring operating profit fell to 493 million francs, but topped the 464 million which analysts had forecast. On a like-for-like basis, which cuts out the impact of divestments and currency swings, sales rose 8% and recurring operating profit increased by 12%.

☆ Can India help the UK become a tech superpower?
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: +1 min

The U.K. hopes to remake the region between the cities of Oxford and Cambridge into the next Silicon Valley. But Britain needs to attract more skilled talent to its shores if it's going to become a tech power. India is the third largest startup ecosystem in the world, and it has plenty of tech talent. "India has been an engineering global talent hub for the world over recent years," said Amarjit Singh, the CEO of India Business Group, a consulting firm that supports deals between the two countries. Watch the video above to learn how India can help the U.K. with its ambition to become a tech superpower.

☆ India, U.S. establish new trade group to bolster supply chains
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

[1/2] U.S. Trade Representative Katherine Tai and India's Minister of Commerce and Industry, Piyush Goyal, poses for a picture before the start of their meeting in New Delhi, India, November 22, 2021. REUTERS/Adnan Abidi/PoolNEW DELHI, Jan 12 (Reuters) - India and the United States have established a new working group to build sustainable supply chains and boost bilateral trade, the governments said in a joint statement on Thursday. The United States will also consider India's interest in the restoration of beneficiary status under the U.S. generalized system of preferences program, the statement added. The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023. The two countries said they mean to continue to work together on resolving outstanding trade issues.

☆ Amazon remains a show-me stock but we're encouraged by some positive Wall Street commentary
▼ + stars: | 2022-11-15 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Amazon (AMZN) received several mentions Tuesday from Wall Street analysts covering a range of topics. While including commentary on Alphabet and Meta from the note as a point of reference, we're mostly focusing on Amazon. From a top-down view, Morgan Stanley maintained that Amazon remains "strategically positioned" to take market share in e-commerce and enterprise spend "through/post downturn." From a bottom-up view, the analysts acknowledged that Amazon, along with other large-cap tech names, is finally taking its medicine. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Yellen heads to India to draw surging economic power closer to U.S. orbit
▼ + stars: | 2022-11-08 | by ( David Lawder | ) www.reuters.com time to read: +4 min

On the contrary, the official told reporters that India will benefit from the cap's lower prices. TENSIONS, ALIGNMENTBut the economic relationship has challenges, including trade disputes over U.S. steel duties and India's retaliatory tariffs on Harley-Davidson (HOG.N) motorcycles. Differences over digital trade and India's data localization rules have dogged trade negotiations for years. "That's a message that's extremely appealing to India," said Richard Rossow, an India expert at the Center for Strategic and International Studies in Washington. The Treasury official said the two democracies were committed "to upholding the rules-based international order at a critical time for the cause of freedom."

☆ India's Byju's to cut 2,500 staff, aims for profitability by March 2023
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 12 (Reuters) - India's popular edu-tech startup Byju's will lay off 2,500 employees in its push towards achieving profitability by March next year, the Tiger Global-backed firm said on Wednesday. Valued at around $22 billion in September, the online learning platform had in May reported a loss of 45.64 billion rupees ($554.77 million) for fiscal 2021 due to higher promotion and employee expenses. Register now for FREE unlimited access to Reuters.com Register"We aim to ensure sustainable growth alongside strong revenue growth," Mrinal Mohit, chief executive at Byju's India business, said. Last month, Byju's paid 19 billion rupees to Blackstone Inc (BX.N), settling its dues to the private equity firm as part of a $950 million deal to buy Aakash Educational. ($1 = 82.2680 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nandan Mandayam in Bengaluru; Editing by Shailesh Kuber and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Gloves come off in India’s digital content wars
▼ + stars: | 2022-09-05 | by ( Una Galani | ) www.reuters.com time to read: +4 min

MUMBAI, Sept 5 (Reuters Breakingviews) - The gloves are coming off in India’s content wars, and the traditionally cautious Disney (DIS.N) is proving a more ruthless fighter than many had expected. It also will hold digital rights to the ICC games throughout the rest of the year. By selling off some of the rights, Disney might reduce its spend on the ICC by a third or more. The American-owned company will hold onto the streaming rights for its digital platform, Disney+ Hotstar. The ICC said on Aug. 27 that Disney had won the TV and digital rights to events through the end of 2027.

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