xQc scores unbelievable $100 million deal to start streaming on Kick-
A New York Times report says Felix Lengyel, the streamer better known as xQc, has signed a deal with Twitch rival Kick worth $70 million over two years, with incentives that could push the total value of the deal up to $100 million in total.
“Kick is allowing me to try and do things I haven’t been able to before,” xQc said. “I’m extremely excited to take this opportunity and maximize it into new creative and fresh ideas over coming years.”
xQc’s agent, Ryan Morrison, told PC Gamer that he believes the streamer’s contract with Kick is “one of the top 25 talent deals of all time period, including sports.”
What makes the deal even more astonishing is that it’s not exclusive: xQc can continue streaming on other platforms, and in fact he still plans to maintain a presence on Twitch, although not to the extent that he has until now.
In terms of audience size, Kick is much smaller than Twitch, but it pays a much better rate: Where Twitc…
JSW Energy (Barmer) completes bonus issue of 75.38 crore shares
JSW Energy arm JSW Energy (Barmer) Ltd on Wednesday said it has completed a bonus issue of 75.38 crore shares worth Rs 753.89 crore. “JSW Energy (Barmer) Ltd (JSWEBL), a wholly owned material subsidiary of the company, has completed a bonus issue of 75,38,93,332 fully paid-up equity shares of Rs 10 each amounting to Rs 753,89,33,320,” a BSE filing said.
The allotment of bonus shares to the company was done by the finance committee of JSWEBL at its meeting concluded on Wednesday afternoon.The issuance of bonus shares is out of capital redemption reserve and retained earnings. Bonus shares are allowed in the ratio of one equity share for three equity shares held.
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Pre-issue size of the share capital was 2,26,16,79,994 fully paid-up equity shares of Rs 10 each amounting to Rs 22,61,67,99,940. Post-issue size of the share capital is 3,01,55,73,326 fully paid-up equi…
Share Market Highlights- Sensex and Nifty ends at lower, Nifty Settles near 21,500, Sensex below 71,400- Realty and PSU Banks stocks shine
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the negative territory. The NSE Nifty 50 dipped 148.45 points or 0.69% to settle at 21,517.35, while the BSE Sensex dropped 535.88 points or 0.75% to 71,356.60. The broader indices ended in red, with fall led by Midcap and Smallcap stocks. Bank Nifty index ended lower, down by 56.70 points or 0.12% to settle at 47,704.95.25. PSU banks and Realty stocks outperformed where IT & Metal stocks shed. Bajaj Auto, Adani Enterprises, Adani Ports and SEZ, Cipla and ITC were the top gainers on the NSE Nifty 50, while the laggards includes Hindalco Industries, JSW Steel, Tata Steel, LTI Mindtree, and Tech Mahindra. The Indian Volatility Index (India VIX) closed down by 3.30 %
Sebi orders Vedanta to pay Cairn Rs 77.6 cr; bars Navin & Priya Agarwal from mkt
Sebi on Tuesday ordered mining moghul Anil Agarwal’s Vedanta Ltd to pay Rs 77.62 crore to Scottish explorer Cairn for delay in payment of dividends, and also barred the firm’s entire board, including his brother Navin and daughter Priya, from accessing the capital market for the same.
The Securities and Exchange Board of India (Sebi) in a 76-page order said Vedanta must make the payment within 45 days or face further action.
Vedanta had in 2011 bought Cairn Energy PLC’s majority stake in its Indian arm, Cairn India Ltd. Cairn continued to hold a minority stake in Cairn India, which was subsequently merged into its parent and Mumbai-listed Vedanta Ltd.
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Stocks To Watch- Infosys, LTIM, CEAT, Tata Power, Zydus Lifesciences
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 26 points or 0.10% at 24,828 indicating a lower start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 rose 188 points or 0.76% to settle at 24,801, while the BSE Sensex advanced 627 points or 0.78% to close at 81,343.
Stocks to watch on July 19, 2024
Infosys
Infosys on Thursday reported a better-than-expected earnings of Rs 6,368 crore for the June quarter and also surprised the street by upping its sales forecast for FY25 to 3-4% in constant currency terms from 1-3% earlier. The higher forecast indicates clients are starting to spend more on technology in a resilient global environment. Infosys net profits, which…
Will Nifty climb over 19500 or fall in trade- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded flat at 19,463.5 down merely 4 points or 0.02%, indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously on Monday, the NSE Nifty 50 soared 181.15 points or 0.94% to settle at 19,411.75, while the BSE Sensex added as much as 594.91 points to 64,958.69.
“Markets started the week on a firm note and gained nearly a percent, in continuation of the recent rebound. After the gap-up start, Nifty oscillated in a narrow range for most of the day and finally settled around the day’s high at 19398 levels. All the key sectors contributed to the move wherein metal, energy and pharma gained over a percent each. The broader indices also traded in tandem and rose in the range of 0.9%-1.3%,” said Ajit Mishra, SVP – Technical Research, Religare Broking.
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“Markets are l…
SpiceJet shares slump over 3 per cent
Shares of crisis-hit SpiceJet fell over 3 per cent on Wednesday amid concerns over the airline’s financial position.
The scrip dropped 3.44 per cent to close at Rs 63.37 on the BSE on a day when the overall market ended on a positive note.
On Wednesday, benchmark BSE Sensex reversed its losses and closed in the positive territory at 71,822.83 points, a gain of 267.64 points.
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In a statement, SpiceJet said it is currently at its s…
Will Nifty show trend reversal or sink further in trade- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded up merely 4 points, or 0.02%, at 19,815, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously on Monday, the NSE Nifty 50 slipped 0.10% to settle at 19,731.75, while the BSE Sensex shed 115.81 points to 66,166.93.
“Markets mostly wavered in Monday’s trade amidst volatility and ended in the red for the third straight session. Cautious mood prevailed in the wake of the intensifying Israel-Hamas conflict, and the geopolitical turmoil had an outsized effect on U.S. crude futures which soared to $87.69 per barrel. If today’s uninspiring session is any indication, then the market will waver and trade choppy in Tuesday’s session as well. Technically, the confirmation of strength for Nifty only above its biggest hurdles at the 19,887 mark, while the index has the biggest support at the 19,509 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
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TCS stock down nearly 2% following Q2 results; Should you buy, sell the stock-
Tata Consultancy Services (TCS) share price tumbled 1.78% to Rs 3,545.40 today, a day after the IT major reported 8.7% growth to Rs 11,342 crore in its consolidated net profit in the second quarter of FY24. TCS had reported a profit of Rs 10,431 crore in the same period a year ago. The IT major’s net profit jumped 2.4% on-Quarter. The company also announced a share buyback for Rs 17,000 crore at a price of Rs 4,150 a share on October 11, 2023. TCS stock price has slipped 0.71% in the last one month and has surged over 14% in the past one year.
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Should you buy, sell or hold TCS shares?
Jefferies: HOLD – Target Price: Rs 3,690
“TCS’s 2Q results do not inspire confidence on demand recovery in the near term, though large deal wins are likely to lead to better growth in 2H. We tweak our EPS estimates to …
Tata Steel Q2 loss at 6196 crore; should you buy, sell or hold stock-
Tata Steel’s stock price advanced by 0.94% to Rs 117.70 a day after the company posted a surprising net loss of Rs 6,196 crore on a consolidated basis for the second quarter of FY24, also missing street estimates, impacted by weak performance of its European operations. In comparison, the steel major had posted a net profit of Rs 1,514.42 crore in the comparable year-ago period. During the quarter review, the Tata Group firm’s consolidated revenue fell 7% to Rs 55,682 crore from Rs 59,878 crore recorded in the year-ago quarter.
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Tata Steel’s stock has delivered a mixed performance in the last one year. The stock price dropped 3% in the last five days and 8.59% in the last one month. The stock, however, has offered returns of 6% in the last six months and over 15% in the last one year to its investors.