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☆ FCA chief: UK regulation needs to spur growth as well as protect investors
▼ + stars: | 2024-11-15 | 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 EmailFCA chief: UK regulation needs to spur growth as well as protect investorsNikhil Rathi, chief executive of the FCA, discusses the U.K. chancellor's maiden Mansion House speech.

Persons: Nikhil Rathi Organizations: FCA

☆ Bernstein upgrades shares of eBay, says buy the post-earnings dip
▼ + stars: | 2024-11-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Bernstein thinks investors shouldn't give up on eBay despite a recent sell-off. For 2026, Devnani thinks that can expand to 3%. With earnings per share and margins set to expand as a result of this, the analyst believes that a recent sell-off provides an attractive entry point for investors. EBAY YTD mountain EBAY, year-to-date Last week, the stock fell 8% on the heels of a weaker-than-expected forecast for the current quarter . Of the 34 analysts covering eBay, 22 have a hold rating on it; 10 others rate it a buy or strong buy.

Persons: Bernstein, shouldn't, Nikhil Devnani, Devnani Organizations: eBay, EBAY

The Justice Department, in an 18-page indictment Thursday, charged Vikash Yadav, 39, with three counts of murder-for-hire and money laundering. Federal prosecutors said Yadav was a “senior field officer” for New Delhi. Their New York target was an attorney and political activist who is a U.S. citizen of Indian origin, prosecutors said. Nijjar was also mentioned as a target by Yadav and was an associate of the activist he plotted to assassinate in New York, the Justice Department release said. Yadav was employed by India’s Cabinet secretariat, which also houses the country’s foreign intelligence wing, the Research and Analysis Wing, the Justice Department indictment said.

Persons: Vikash Yadav, Yadav, ”, Nikhil Gupta, Gupta, Yadav “, Christopher Wray, “, Matthew Miller, Hardeep Singh Nijjar, Nijjar, Gurpatwant Singh Pannun, ” Miller, Prosecutors, Narendra Modi’s, Matthew G, Olsen Organizations: DELHI, The Justice Department, New Delhi, FBI, U.S, Department, Indian Government, ”, ., The, DOJ, Associated Press, AP India, “, State Department, U.S ., Research, Embassy, India’s Ministry, Affairs, Drug Enforcement Administration, Indian, Justice Department’s National Security Division Locations: U.S, New York City, New, India, York, Czech Republic, Washington, Canada, Nijjar, New York, Indian, “ Canada, New Delhi, United States

CNN —Canada announced the expulsion of six Indian diplomats Monday, including the high commissioner, after the police accused agents of the Indian government of being linked to homicides, harassment and other “acts of violence” against Sikh separatists in the country. The Indian government has called the accusations “preposterous” and said it was withdrawing the officials expelled by the Canadian government. Earlier on Monday, the Royal Canada Mounted Police (RCMP) took the unusual step of publicly disclosing details of multiple investigations into the involvement of Indian government agents alleged to have taken part in “serious criminal activity” in Canada. RCMP Commissioner Mike Duheme, left, and Assistant Commissioner Brigitte Gauvin take part in a news conference at RCMP National Headquarters in Ottawa on Oct. 14, 2024. Earlier this year, Canada charged several Indian nationals with the alleged murder of Nijjar, a Canadian citizen.

Persons: ”, Mélanie Joly, Stewart Ross Wheeler, Sanjay Kumar Verma, ” Joly, “, Hardeep Singh Nijjar, Mike Duheme, Duheme, Brigitte Gauvin, Justin Tang, ” Duheme, Nijjar, Trudeau, Weeks, Gurpatwant Singh, Nikhil Gupta, Pannun Organizations: CNN — Canada, Sikh, “ Global Affairs Canada, Canada’s, Foreign Affairs, India’s Ministry, External Affairs, Royal Canada Mounted Police, RCMP, RCMP National Headquarters, Canadian Press, Canadian, ” Global Affairs Canada, Indian Locations: Canada, India, Ottawa, Canadian, Surrey, British Columbia, India’s Punjab, United States

☆ Alums of $16 billion Tiger Cub Lone Pine have struggled to hack it on their own — with one notable exception
▼ + stars: | 2024-10-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

In the past five years, four other alums have either shuttered or stopped trading hedge fund strategies. It's the latest spinoff from long-running Tiger Cub Lone Pine Capital to shutter. Lone Pine, the $16 billion firm led by co-chief investment officers Kelly Granat and David Craver, was founded in 1997 by billionaire Steve Mandel. Inside the Lone Pine family treeGaonkar's experience is far from the norm for Lone Pine alums though. Firms like Lone Pine, Tiger Global, Coatue, Viking Global, Maverick, Light Street, and others have lasted for decades and minted billionaires along the way.

Persons: Scott Coulter's, Mala Gaonkar, —, Coulter, Cowbird, Pine, Kelly Granat, David Craver, Steve Mandel, Mandel, Julian Robertson's, Lone, Coatue, redemptions, Gaonkar, David Byrne, SurgoCap, Abobe, David Stemerman's, Scott Phillips, Matt Iorio's, Li Ran's, Brian Eizenstat's, Paul Eisenstein's, Nikhil Trikha, Arthur Wit, that's, Andreas Halvorsen's, Dan Sundheim's, Ben Jacobs, Ning Jin, Marco Tablada, Robertson, Tom Purcell Organizations: Service, Business, Lone Pine, Julian Robertson's Tiger Management, Cubs, Roberston's Tiger Management, Tiger, CNBC, Nvidia, GE, Figma, Pine, Latimer, Elm, Sky Capital, CenterBook Partners, Ampersand Capital Group, Global, Fund Research, Tiger Cub, Tiger Management, Viking Global, Viking Locations: Lone, Lone Pine, Granat, Texas, Li Ran's London, California, Viking

☆ Tesla could have a tough time living up to the hype around its robotaxi event
▼ + stars: | 2024-09-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

The recent hype lifted Tesla's stock into positive territory for the year, and it's now up nearly 5% in 2024. A high-risk, high-reward venture Analysts polled by LSEG have a consensus price target of $210.71 on Tesla shares, implying a decline of 19% from Friday's close. "We believe widescale Tesla robotaxi deployment is unlikely in the coming years," Spak added. Still, the bull case around Tesla's robotaxi ambitions highlights the company's potential to provide cost-effective technology. Morgan Stanley analyst Adam Jonas is a Tesla bull with an overweight rating and a $310 price target — reflecting 19% upside.

Persons: it's, It's, Tesla, CFRA's Garrett Nelson, I've, Nelson, Bernstein, Nikhil Devnani, Joseph Spak, Spak, Tesla's, Elon, Bernstein's Devnani, Goldman Sachs, Mark Delaney, Morgan Stanley, Adam Jonas, Jonas, hasn't, CFRA's Nelson, Nelson's, Morgan Stanley's Jonas Organizations: Investors, Tesla, CNBC, LSEG, UBS, Guggenheim, Vehicle Passenger Service Locations: Los Angeles, U.S, Europe, China, Friday's, United States

☆ Why older workers are critical to AI adoption in the office
▼ + stars: | 2024-07-13 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Some of this stems from the belief that AI benefits workers with greater task-based responsibilities versus the broader job responsibilities of higher-level workers (with many experts saying AI is nearly at the level of a good intern). Still, 30% of senior-level employees fear they'll be fired for lacking AI skills, according to a recent report from online tutoring company Preply. Experienced employees can master AI insightsDespite the general stereotype that older workers (who often make up the senior-level echelon) have a harder time adapting to new technology, Preston recognizes that these are the workers for whom AI has unique advantages. "It would be easy to write off older workers and say this is just going to be too hard for them, they're not going to adapt," Preston said. "Let's lean into the value of AI to help leverage the jobs of the future for older workers, rather than assuming that for some reason, it's going to leave them behind."

Persons: they'll, Steve Preston, Preston, Jeetu Patel, Patel, Nikhil Arora, Arora, He's, they're Organizations: Goodwill Industries International, Cisco, IBM Locations: Upskilling, Google's, U.S

☆ Southwest Airlines is teaming up with Archer to give passengers electric flying taxis
▼ + stars: | 2024-07-12 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Southwest Airlines and Archer Aviation are developing electric air taxi operations in California. Southwest plans to use Archer Midnight eVTOL aircraft to cut customer travel time to the airport. Archer is working to obtain FAA certification for the Midnight eVTOL over the next 18 months. AdvertisementSouthwest Airlines and Archer Aviation plan to develop an electric air taxi network for California airports. "This is a pretty huge deal for us and the industry," Archer Aviation chief commercial officer Nikhil Goel told Business Insider.

Persons: Archer Midnight, Archer, —, Nikhil Goel Organizations: Southwest Airlines, Archer Aviation, Service, Business Locations: California

☆ The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says
▼ + stars: | 2024-06-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Oil demand will rise for another 10 years, though producers are pulling back on new investment. The bank estimated oil demand would peak around 110 million barrels a day in 2034. AdvertisementThe global oil market could run into a supply shortage as peak demand is still a decade away, according to Goldman Sachs analysts. That's due to rising oil demand in Asia and increasing demand for petroleum products, the analysts said. "While peak oil demand is still a decade away, capital is slowing for the production of crude oil and oil products, contributing to constrained supply in the medium term," they later added.

Persons: Goldman Sachs, —, Nikhil Bhandari, Amber Cai, Brent Organizations: Service, ExxonMobil, Chevron, Oil & Gas Journal, Goldman, US Energy Information Agency Locations: Asia, OPEC, Saudi Arabia

☆ India heatwave: Brutal nighttime temperatures give Delhi residents little respite
▼ + stars: | 2024-06-21 | by ( Esha Mitra | Kathleen Magramo | ) edition.cnn.com time to read: +6 min

New Delhi CNN —Nights are getting uncomfortably and dangerously hotter in India’s capital as people in the world’s most populous nation feel little respite from unrelenting temperatures. Northern India has endured a scorching summer — with one part of the capital of Delhi recording the country’s highest-ever temperature 49.9 degrees Celsius (121.8 degrees Fahrenheit) earlier this month. Bicycle rickshaw driver Sagar Mandal told CNN that he’s been getting fewer passengers because people opt for air-conditioned taxis over open-air transport. Outdoor workers like Nikhil Kumar find no respite as the heat lingers on even at night. Residents fill their containers with water supplied by a municipal tanker in New Delhi on 19 June, 2024.

Persons: Sagar, he’s, “, ”, Nikhil Kumar, Esha Mitra, “ We’ve, Kalyani Saha, hasn’t, ” Saha, Saha, Money Sharma, Ajay Chauhan, Ram Manohar Lohiya, ” Chauhan, Chauhan, “ that’s, Sarita Kumari, ” Kumari Organizations: New, New Delhi CNN, Centre for Science, Environment, Sagar Mandal, CNN, Getty, Ministry of Health, NGO Centre, Health Development India Locations: New Delhi, Northern India, Delhi, United States, Mandal, Australian, Lajpat Nagar, India

☆ Goldman Sachs refreshed its conviction lists of global stocks — giving one 63% upside
▼ + stars: | 2024-06-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs refreshed its lists of top global stock picks for June by adding some and removing others. The stocks are captured in the investment bank's "Conviction List - Directors' Cut" and seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. The stocks are selected by a group designated by the bank's Investment Review Committee for each region. Here are three of the latest additions to Goldman's directors' cut lists — for Asia-Pacific and Europe — that were given more than 40% upside potential in the next 12 months. Goldman has a target price of 685 New Taiwan dollars ($21.16) on the stock, implying 54.1% potential upside.

Persons: Goldman Sachs, Goldman, Chao Wang, Oil Goldman, Nikhil Bhandari, Phillips, Daniela Costa, CNBC's Michael Bloom Organizations: bank's Investment, EMC, Taiwan Stock Exchange, SmartETFs Asia, New, Oil, Project, bbl, PTT Public Company, Stock Exchange of, Nasdaq, Philips, Euronext Locations: Asia, Pacific, Europe, New Taiwan, Thailand's, Stock Exchange of Thailand, Dutch, Euronext Amsterdam

☆ Startup Kinetic rolls out robots to fix electric cars, and someday robotaxis
▼ + stars: | 2024-06-20 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

By providing diagnostics and recalibration of the high-tech systems in modern vehicles, the company hopes to decrease costs associated with EV ownership and repairs. The existing collision repair industry is well-equipped to handle most physical fixes like replacing a bumper, a busted windshield, brakes and paint or adjusting alignment. But for many collision repair centers and auto dealerships, ensuring all sensors, software and computers are working properly can prove time-consuming and expensive. Kinetic puts its robotic systems and technicians to work helping these shops and dealerships fix the finicky, "digital" aspects of customers' cars. Then Kinetic's software, which is connected to the vehicle's systems, will initiate and track the completion of those fixes.

Persons: Power, Nikhil Naikal Organizations: EV Locations: U.S, Santa Ana, California

☆ Nikhil Gupta: Indian suspect in plot to kill Sikh separatist extradited to US
▼ + stars: | 2024-06-17 | by ( ) edition.cnn.com time to read: +3 min

Nikhil Gupta has been accused by U.S. federal prosecutors of plotting with an Indian government official to kill Gurpatwant Singh Pannun, a U.S. resident who advocated for a sovereign Sikh state in northern India. Gupta traveled to Prague from India last June and was arrested by Czech authorities. Canada said in September its intelligence agencies were pursuing allegations linking India’s government to the murder of Sikh separatist leader Hardeep Singh Nijjar in June 2023 in Canada. India’s government has dissociated itself from the plot against Pannun, saying it was against government policy. New Delhi has long complained about Sikh separatist groups outside India, viewing them as security threats.

Persons: Nikhil Gupta, Gurpatwant Singh Pannun, Gupta, Jeffrey Chabrowe, India’s, Hardeep Singh Nijjar, Pannun, ”, Narendra Modi, Washington Organizations: Washington Reuters, U.S, of Prisons, Indian, Metropolitan Detention Center, U.S . Justice, Sikh, Reuters Locations: An, United States, Czech Republic, U.S, India, Prague, Czech, Brooklyn, Brooklyn ., Canada, Washington . New Delhi

☆ Indian national extradited to U.S. to stand trial in alleged plot to kill Sikh activist in New York
▼ + stars: | 2024-06-17 | by ( Jonathan Dienst | Tom Winter | ) www.cnbc.com time to read: +2 min

An Indian national accused of helping plot to kill a U.S. citizen in New York City has been extradited to the U.S. to stand trial. A U.S. District Court spokesman said Nikhil Gupta is scheduled to appear Monday in the lower Manhattan courthouse on federal murder-for-hire charges. That critic has been identified as Gurpatwant Singh Pannun, whom Indian officials have labeled a terrorist, according to The Associated Press. Pannun — believed to be the target of the alleged plot — advocates for an independent Punjab region for India's Sikh population, officials said. In November, Justice Department officials announced charges against Gupta after he was arrested in June in the Czech Republic.

Persons: Nikhil Gupta, Gupta, Gurpatwant Singh Pannun, Pannun —, Hardeep Singh, DEA spokespeople Organizations: Department, Associated Press, Justice Department, Prosecutors, Drug, Administration, DEA, FBI, British Columbia, Investigators, U.S Locations: Indian, U.S, New York City, Manhattan, Punjab, Czech Republic, New York, Canada, British

☆ How Shruti Gandhi, a solo venture capitalist with 15 exits in 5 years, went from underestimated to unstoppable
▼ + stars: | 2024-05-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Shruti Gandhi has a simple rule for meeting founders: She only takes the meeting if she wants to invest. Being the solo general partner of her firm, the early-stage outfit Array Ventures, also means she can get deals done quickly. Over the past five years, she's returned most of her maiden $7 million fund to limited partners at a net multiple of almost four. For founders, by foundersThe founders Gandhi has backed like working with her because of her technical chops and hands-on approach. We will back you if you raise a fund,'" Gandhi said.

Persons: Shruti Gandhi, Gandhi, Nikhil Teja Kolli, Kolli, she's, wasn't, Dumbledore, Harry Potter, Champ Bennett, Zimperium's Zuk Avraham, Mehul Nariyawala, Google —, Doktor Gurson, Gurson Organizations: Ventures, Business, PayPal, IBM, Columbia University, True Ventures, Samsung, Google, University of Chicago Booth School of Business, Rad Locations: India, Poughkeepsie , New York, She's

☆ Canada charges three Indian nationals for assassination of Sikh separatist
▼ + stars: | 2024-05-03 | by ( Tara John | ) edition.cnn.com time to read: +4 min

The suspects were identified in court filings as Karanpreet Singh, Kamalpreet Singh, and Karan Brar. The men are accused of conspiring “with others to commit the murder of Hardeep Singh Nijjar,” according to the filings. Authorities are currently investigating if they have ties to the Indian government – the latest development in a long-running intrigue that has fueled diplomatic tension between Canada and India. Nijjar, a Canadian citizen, was gunned down by masked men last June outside a Sikh temple in Surrey, British Columbia. Officials speak at a press briefing on Friday, May 3, regarding arrests made in the killing of Hardeep Singh Nijjar.

Persons: Justin Trudeau, Karanpreet Singh, Kamalpreet Singh, Karan Brar, “, Hardeep Singh, …, Trudeau, Nijjar, David Teboul, Gurpatwant Singh, Nikhil Gupta, Pannun, Gupta, ” Gupta, Pritpal Singh, ” Organizations: CNN, Canadian, Authorities, Government of, ” Royal Canadian Mounted Police, Indian, American Sikh Caucus Committee, FBI Locations: Canada, New Delhi, India, Canadian, Surrey, British Columbia, India’s Punjab, Government of India, United States, American

☆ India markets face an 'inevitable' correction if Modi's election win disappoints, Bernstein says
▼ + stars: | 2024-04-25 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A worker fixes flags of the ruling Bharatiya Janata Party displayed on a hoarding prior in Raipur on April 15, 2024 ahead of the country's upcoming general elections. India's stock markets started the year in record-high territory, much of it supported by pre-election optimism — but as the country kicked off its weeks-long election, Bernstein warned that a market correction could be in place. Market players have been pricing in a victory for Prime Minister Narendra Modi's ruling Bharatiya Janata Party. Modi, who has been prime minister since 2014, is seen as a market-friendly candidate. Nearly one billion eligible voters will decide who fills the 543 contested seats in the Lok Sabha, the lower house of the Indian Parliament.

Persons: Bernstein, Narendra Modi's, Modi, Venugopal Garre, Nikhil Arela Organizations: Bharatiya Janata Party Locations: Raipur, India, Lok Sabha

☆ India's renewable capacity growth will likely double by the end of the decade, says Goldman Sachs
▼ + stars: | 2024-04-23 | 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 EmailIndia's renewable capacity growth will likely double by the end of the decade, says Goldman SachsNikhil Bhandari, co-head of Asia-Pacific natural resources and clean energy at Goldman Sachs, says grid will be a "critical factor."

Persons: Goldman Sachs Nikhil Bhandari, Goldman Sachs Locations: Asia, Pacific

☆ This AI startup that helps stores catch shoplifters just bagged $1.5 million in pre-seed funding without using a pitch deck
▼ + stars: | 2024-04-22 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

MokSa.ai uses general-use models and customizes them to detect suspicious activity at store locations. The company also pays college interns in India to watch footage for suspicious activity and annotate it — a process called data labeling. The dashboard shows reports of suspicious activity at a glance. MokSa.aiThe Android of the surveillance marketBefore MokSa.ai, Kolli worked as a quality manager at a company producing parts for high-speed rails. While these two tout their abilities to detect suspicious activity and send alerts, they both require customers to use their cameras and sensors.

Persons: —, Nikhil Teja Kolli, Kolli, Jay Farner, MokSa.ai, MokSa.ai Kolli, Shruti Gandhi, Gandhi, It's Organizations: Service, Business, Array Ventures, Quicken Loans, The Fund, Ventures, Royal Ozarks Locations: Kansas, India, Detroit

☆ Sports is the 'last bastion' of live television as we know it, investment firm says
▼ + stars: | 2024-04-11 | 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 EmailSports is the 'last bastion' of live television as we know it, investment firm saysNikhil Bahel, managing partner of Elysian Park Ventures, discusses the investment outlook for the sports industry and the amount of money that went into it last year.

Persons: Nikhil Bahel Organizations: Sports, Elysian Park Ventures

Hedge fund managers gathered Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. It kicked off with "Next Wave Sohn," a session that features ideas from rising stars within the hedge fund industry. Endocrinology is an $8 billion market, but the cumulative market size, including the company's future therapy targets, is upward of $200 billion, which includes estimates for future obesity drugs, the investor said. It has CA$75 billion market cap with an "unbelievable record of success," according to the investor. The short seller noted that the company has a $5 billion market cap with about $4.8 billion of debt.

Persons: Sohn, Eric Wolff, Wolff, Michelle Ross, Cushing, Ross, Eli Lilly, Crinetics, XBI, Nikhil Daftary, Alimentation, Daftary, Chris Drose, Nate Koppikar, Fahmi Quadir Organizations: Investment, Gumshoe Capital Management Investment, Pason Systems Energy, Pason Systems, Gumshoe Capital Management, StemPoint, Pharmaceuticals, Crinetics Pharmaceuticals, StemPoint Capital, Endocrinology, Novo Nordisk, P Biotech, NK Capital Investment, NK Capital, Starbucks, McDonalds, Bleecker Street Capital, Orso Partners, Justice Department, Federal Trade Commission, Safkhet, Global Education Locations: New York, Canada, U.S

CHICAGO (AP) — Voters are set to cast their ballots Tuesday to decide competitive U.S. House races during the Illinois presidential primary. Democratic incumbents in at least two Chicago-area congressional races are locked in energetic challenges in the strongly Democratic territory. “We plan on finishing what we started.”It’s a crowded five-candidate primary field, including Chicago City Treasurer Melissa Conyears-Ervin, a former Davis ally who now says it’s time for him to be voted out. “I’m running to use my knowledges, my expertise, my intellect.”He has backing from top Illinois Democrats. Also running are Chicago educator Nikhil Bhatia and Kouri Marshall, a former deputy director for Pritzker.

Persons: Danny Davis, Kina Collins, Davis, ” Collins, “, ”, Melissa Conyears, Ervin, Conyears, “ I’m, I’m, J.B . Pritzker, Nikhil Bhatia, Kouri Marshall, Pritzker, “ Chuy ” Garcia, Chicago Alderman Raymond Lopez, Lopez, Garcia, “ He’s, hasn’t, suburbanites Organizations: CHICAGO, —, Democratic, DISTRICT U.S . Rep, Chicago Democrat, Chicago, Chicago Teachers Union, Chicago ) Bears, Illinois, Gov, Chicago Alderman, City Council, Democrat, Chicago police, Republican Locations: Chicago, “, Mexico

☆ India banned TikTok overnight but 200 million people learned to live without it
▼ + stars: | 2024-03-14 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

On Wednesday, the US House of Representatives passed a bill that could lead to a nationwide TikTok ban. While the Chinese-owned app is not disappearing from Americans’ phones anytime soon, many of its 170 million users in the country are deeply rattled. “[Former] US Secretary of State Mike Pompeo had welcomed the ban, saying it ‘will boost India’s sovereignty.’”While India’s abrupt decision shocked the country’s 200 million TikTok users, in the four years since, many have found other suitable alternatives. Within a week of the ban, Meta-owned Instagram cashed in by launching its TikTok copycat, Instagram Reels, in India. According to Ray, Indian content creators swiftly moved all the old content they had shot for TikTok to Instagram Reels and YouTube Shorts.

Persons: TikTok, ”, Nikhil Pahwa, Mike Pompeo, TikTokkers, Saptarshi Ray, Instagram, Moj, Ray, Clyde Fernandes, Vivan Sharan, ” Sharan, “ Organizations: New, New Delhi CNN, India, Google, YouTube, Oxford, Advisory Locations: New Delhi, United States, India, China, Delhi, American, Bengaluru, Opraahfx, Beijing

☆ 3 ways buying Vizio would send Walmart's ad business surging and put Amazon on notice
▼ + stars: | 2024-02-15 | by ( Ryan Joe | Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Walmart is reportedly in talks to buy TV manufacturer Vizio for over $2 billion , in an effort to bolster its ad business, according to The Wall Street Journal. Here are three ways Vizio would power-up Walmart's ad business and make it a much bigger competitor to Amazon, according to several ad industry experts. While Walmart buying Vizio would grow its ads business, it would also improve the margins for its current ad business, said Nikhil Raj, chief business officer of adtech company Moloco’s retail media business. The new inventory Walmart would inherit would let it tap TV and branding budgetsIf Walmart buys Vizio, it would inherit connected-TV ad inventory, which it doesn’t currently have. Most of Walmart’s retail media business comes from search ads , though it’s expanded that to include some display and video ads.

Persons: you’ve, there’s, ”, Nikhil Raj, Raj, Walmart.com, ” Raj, doesn’t, it’s, ” Forrester, Nikhil Lai, Eric Franchi, Eric Seufert, Mobile Dev Organizations: Walmart, Wall Street, Amazon, Business, Vizio, CTV, “ Walmart, Walmart Connect, Connect, VC, Mobile Locations: Vizio, Walmart.com, “

CNN —The home of a Canadian Sikh activist in Brampton, Ontario, was hit by gunfire on Monday, months after the assassination of another activist sent India-Canada relations into a spiral. “It appears that only one bullet hole was found but that is subject to change,” Peel Regional Police wrote in a statement. The bullet hole in Gosal's home in Brampton, Ontario. The Canadian citizen was gunned down by masked men last June outside a Sikh temple in British Colombia. Weeks later, the United States accused an Indian government official of being involved in a conspiracy to kill another Sikh separatist, American citizen Gurpatwant Singh Pannun, on US soil.

Persons: Inderjit Singh, Gosal, Singh, Justin Trudeau, Hardeep Singh Nijjar, Weeks, Gurpatwant Singh, Pannun, Nikhil Gupta, Gupta, Nijjar, “ Organizations: CNN, Justice, Peel Regional Police, Indian Consulate Toronto, Canadian, Indian, Global Affairs Canada Locations: Brampton , Ontario, India, Canada, India’s Punjab, British Colombia, United States, Ontario, Punjab

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