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- Bit by Bit 10th Dec. || OTT companies are spending more on original shows || India China trade deficit rises to USD51.5B during April-October period this year & more
Bit by Bit 10th Dec. || OTT companies are spending more on original shows || India China trade deficit rises to USD51.5B during April-October period this year & more
Good Afternoon Readers! Passion has finally started
Anyways, here are:
"5 amazing stories in 5 minutes to make you future ready"
Happy reading!
MARKET UPDATE
NIFTY 50 : ₹18,496.60 (-0.61%)
BSE SENSEX : ₹62,181.67 (-0.62%)
NIFTY BANK : ₹43,633.45 (+0.08%)
USD/INR : ₹82.42 (+0.17%)
BRENTOIL : $76.82 (+0.88%)
MCXGOLD : ₹54,295 (+0.45%)
FII Net Cashflow : - ₹158 crores
DII Net Cashflow : + ₹502 crores
(Market data as of 11:00 PM on 9/12/2022)
Key facts
Imports during April-October this fiscal stood at USD 60.27 billion, while exports added up to USD 8.77 billion.
Imports from China have increased from USD 60.41 billion in 2014-15 to USD 94.57 billion in 2021-22.
Story
The trade deficit, or the difference between imports and exports, between India and China reached USD 51.5 billion during the April-October period this year. The deficit during 2021-22 had increased to USD 73.31 billion as compared to 44.03 billion in 2020-21.
According to the data, imports during April-October this fiscal stood at USD 60.27 billion, while exports added up to USD 8.77 billion.
Piyush Goyal said that the merchandise exports from India to China have increased from USD 11.93 billion in 2014-15 to USD 21.26 billion in 2021-22, showing an increase of 78.2 per cent over the past six years.
He added that most of the goods imported from China are capital goods, intermediate goods and raw materials and are used for meeting the demand of fast expanding sectors like electronics, telecom and power in India.
Imports from China have increased from USD 60.41 billion in 2014-15 to USD 94.57 billion in 2021-22.
In response to a question about Chinese imports, Anupriya Patel, minister of state for commerce and industry, stated that many imports are inputs for further manufacturing in India and exports from India.
Electronics, organic and inorganic chemicals, medicinal and pharmaceutical products, fertilisers, crude and manufactured, and dyeing/tanning/colouring materials are among the most important Chinese imports.
FMCG
The Story :
Marico Limited said it has entered into a definitive agreement to acquire Vietnam-based personal care firm Beauty X Corporation for Rs172 crore.
Beauty X owns female personal care brands Purité de Prôvence and Ôliv, which offer a range of products such as shower gels, shampoos, conditioners, face wash, and lotions, among others. The deal is done through its wholly owned subsidiary, Marico South-East Asia Corporation (MSEA), and is expected to be completed by March 31, 2023, subject to regulatory approvals.
“The addition of Purité de Prôvence and Ôliv presents an opportunity to significantly expand our play in the female beauty and personal care category and increase our total addressable market in a high-growth country like Vietnam. Both brands have established a distinct natural proposition and scaled up profitably in a rather short span of time," said Saugata Gupta, MD, and CEO, of Marico. "We are buoyant about the medium-term prospects of the beauty and personal care category in Vietnam and expect to further step up growth and profitability through investing in brand building and leveraging various operational synergies with our existing portfolio over the next few years.”
During the last calendar year, Beauty X posted sales of Rs82 crore, a 4% decline. Marico’s International business contributes to about 23% of the group’s revenue, with brands such as Parachute, Fiancée, Caivil, Hercules, and Isoplus.
AUTOMOTIVE
The Story :
Tomorrow marks the official debut of BMW Motorrad's S 1000 RR sportsbike in India. At India Bike Week 2022, the business displayed its flagship bike. Three colours will be available for this bicycle. Prices for this bike currently start at 19.75 lakh (ex-showroom), with a predicted increase to 23.95 lakh (ex-showroom). It will face off against the Honda Fireblade, Ducati Panigale V4, and Aprilia RSV4 1100, to name a few.
The 999cc inline-four motor in the BMW S 1000 RR now produces 210 horsepower, with torque remaining constant at 113 Nm. The wheelbase has also been slightly extended from 1440mm to 1458mm.
The chassis of BMW's top model has undergone the most extensive revisions, with numerous adjustments made to the geometry of the BMW S 1000 RR. When a motorcycle is leaned over, the suspension stroke does not line up with the road bumps, therefore it is crucial for the chassis to bend in a regulated way to absorb road imperfections. The manufacturer altered the structure of the frame to allow for additional lateral flex.
TECH
The Story:
The "Chat with your own number" function of WhatsApp may soon be available for Windows users as well. In the past month, WhatsApp for Android and iOS users has already received the Message Yourself function that allows users to text themselves. And now, it appears to be accessible on the most recent beta version of WhatsApp for Windows. Users will be able to easily send themselves quick notes, reminders, or important information thanks to this. Previously, users had to do this by registering a second WhatsApp account to their alternate phone number.
WhatsApp just added Avatars to the chat service, allowing users to customise their online persona. Users are permitted to choose from the various combinations of haircuts, facial traits, and attire to create an Avatar of themselves. Additionally, 36 unique stickers reflecting various emotions and actions have been introduced to the instant messaging application. An avatar can be used as a sticker or as the user's WhatsApp profile photo.
Want a BIT More?
Leading over-the-top (OTT) platforms are continuing to make significant investments in the creation of original content, encouraged by a growing audience and robust increase in content consumption.
Top OTT providers spent between $600 million and $700 million on original show production in 2022, according to market estimates. This sum does not include movie and sports material, which make up a significant portion of the cost of OTT content.
The top three platforms for purchasing original content are SonyLIV, ZEE5, and Voot, with Netflix, Disney+ Hotstar, and Amazon Prime Video coming in fourth and fifth. Netflix spent $400 million on content, including movies, in 2019 and 2020.
