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JioStar, formed from the merger of Reliance Industries' media division and Walt Disney's local unit, aims to capture a significant share of India's $28 billion entertainment market. The company is positioning itself against established players like Netflix and Amazon.
Nvidia emerged as a standout performer amid a disappointing earnings season for major tech companies. Key clients, including Microsoft, Alphabet, Amazon, and Meta, committed to increasing capital expenditures, investing a record $59 billion in data center equipment and fixed assets in the third quarter.
Big Tech stocks are facing a decline in their previously strong earnings growth, with the largest companies in the S&P 500 expected to report an average increase of 19% for the third quarter. This marks their slowest growth in six quarters, despite outpacing the S&P 500's projected 4.3% rise. The outcome of these earnings reports will significantly influence the ongoing equity rally.
Amazon.com Inc.
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jioStar targets india's entertainment market with competitive streaming offerings
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07:19 15.11.2024
nvidia thrives as big tech boosts capital spending in earnings season
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12:38 07.11.2024
big tech earnings growth slows raising concerns over market rally sustainability
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14:00 27.10.2024
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