BC BUSINESS
Saved by @SteveeRogerr

1/n Reliance Industries Ltd announces results for Q3 & 9m FY2020-21. Details follow… #RILresults

 2/n Q3 FY2020-21 Reliance reports strong sequential rebound across all the businesses #RILresults
3/n Reliance posts highest ever consolidated quarterly Net Profit; Q3 FY2020-21 PAT at Rs 15,015 crore, up 24.9% (Excluding EO) #RILresults
4/n Q3 FY2020-21 Consolidated quarterly EBITDA up 12.0% Q-o-Q to a record Rs 26,094 crore #RILresults
5/n Q3 FY2020-21 Strong 38.2% sequential jump in quarterly EPS to Rs 20.5 per share (Excluding EO) #RILresults
6/n Q3 FY2020-21 Digital Services report record high profits; Q3 FY21 EBITDA at Rs 8,942 crore, up 48.4% Y-o-Y @RelianceJio #RILresults
7/n Q3 FY2020-21 Robust recovery in Retail performance; EBITDA at record high of Rs 3,102 crore, up 52.9% Q-o-Q #RILresults
8/n Reliance Industries generated over 50,000 new jobs in COVID times #RILresults
9/n Q3 FY2020-21 Jio Platforms revenue including access revenues for the quarter was Rs 22,858 crore ($3.1 billion), up 5.3% sequentially @RelianceJio #RILresults
10/n Q3 FY2020-21 Jio Platforms EBITDA for the quarter was Rs 8,483 crore ($1.2 billion), an increase of 6.4% #RILresults
11/n Q3 FY2020-21 Jio Platforms net profit for the quarter was Rs 3,489 crore ($477 million) growth of 15.5% Q-o-Q #RILresults
12/n Q3 FY2020-21 @RelianceJio total subscriber base as at end Dec 2020 stood at 410.8 million, with gross addition of 25.1 million customers during the quarter #RILresults
13/n Q3 FY2020-21 @RelianceJio’s ARPU during the quarter improved to ₹151.0 per month, as against ₹145.0 in the trailing quarter #RILresults
14/n Q3 FY2020-21 @RelianceJio’s customer engagement continued to improve with average monthly data consumption per user rising to 12.9 GB from 12.0 GB in trailing quarter #RILresults
15/n Q3 FY2020-21 @RelianceJio's total data traffic during the quarter improved 4% sequentially to 1,586 crore GB; voice traffic grew 4.6% sequentially to 97,496 crore minutes #RILresults
16/n Q3 FY2020-21 @RelianceJio’s FTTH services witnessed increased uptake during the quarter on the back of unique offering and widespread network across the country #RILresults
17/n Q3 FY2020-21 Reliance Retail posted a strong jump in EBITDA margins to 9.3% – as against 5.5% in trailing quarter – as COVID related curbs on store operations eased during the quarter #RILresults
18/n Q3 FY2020-21 Reliance Retail's topline stagnated as fuel retailing business was transferred out and Reliance Market stores were converted to fulfilment centers to support New Commerce #RILresults
19/n Q3 FY2020-21 Apparel & Footwear business staged a strong bounce back driven by impactful event activation, which led to strong festive season performance and enabled 1.5X growth over last quarter #RILresults
20/n Q3 FY2020-21 AJIO continues to scale new highs with 5X growth in orders over previous year and significant improvement across customer metrics and operating parameters #RILresults
21/n Q3 FY2020-21 Digital commerce momentum continued with orders up 12X Y-o-Y alongside growth in portfolio, traffic and customer base across platforms #RILresults
22/n Q3 FY2020-21 Track record of expansion continues with more stores, more orders and more merchant partnerships; Added 327 new stores taking total store count to 12,201 spread over 31.2 million sq. ft. #RILresults
23/n Q3 FY2020-21 Reliance integrates Oil-to-Chemicals business; Single management team for day-to-day operations; To drive integrated planning and optimization across the hydrocarbon value chain #RILresults
24/n Q3 FY2020-21 Strong demand revival for polyester and polymers drive O2C segment’s Q3 FY21 EBITDA up 10.3% to Rs 9,756 crore #RILresults
n/n Q3 FY2020-21 Q3 capacity utilization improves across O2C sites; Total throughput for the quarter improves 8.3% sequentially to 18.2 million tonne #RILresults

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Benchmark
@GetBenchmarkCo
SoFi was founded in 2011 by 4 students who met at Stanford

🎓 The goal was to decrease the student debt burden by giving out lower rates than federal standards

💸 SoFi’s rates ranged from 5.99% to 6.5%, undercutting federal and privates rates which ranged from 6.8% to 16%


By September 2012, SoFi was reported to have commit over $ 200m in loans

📈 This increased to $ 450m by April 2014 and its borrowers reportedly got on average $ 9,400 in savings by refinancing their

💸 Today, SoFi wants to help its customers with every “financial” step of their journey, providing:

· Student loans

· Medical loans

· Home loans

· Renters insurance (powered by $LMND)

· ETFs

· Stocks & cryptos

· Credit card

· Auto insurance (powered by $ROOT)

& more!


⏱ It has also understood that time-pressed and convenience-seeking young professionals value the following elements:

· Speed

· Choice

· Content

· Education

And $SOFI thus turned itself into a convenient, affordable, transparent and user-friendly financial platform


This means that SoFi’s wants to be a “one-stop-shop” for its users

💸 Enabling it to cross-sell its different products and reduce its Customer Acquisition Cost
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Didi Kuo
Didi Kuo
@didikuo1
The American business community is speaking with a unified voice - NAM called to invoke the 25th Amendment; the Business Roundtable and Chambers of Commerce urge a peaceful transition of power; all have denounced last week's violence. What might this mean? A few implications:
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This isn't just PR - bad politics is bad for business. Here, the Harvard Business Review makes the business case for democracy (leading essay by

Historically, business has been a crucial ally for democracy. Mark Mizruchi shows how business helped secure democracy after WII, through organizations like the Committee for Economic Development (see also his @NiskanenCenter paper: https://t.co/xoqUUN1nCD)

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My book examines how business groups formed to lobby against patronage and corruption, and in favor of institutional reform, in the 19th c. (https://t.co/FnNhZUupBG)

For a summary of business’s role in American democracy over the 20th century, see

Today, corporations are cutting off PAC $$ — Wall St banks (JPMorgan Chase, Goldman Sachs, CitiGroup), big tech (Microsoft, Facebook). Many more corps have suspended donations to members of Congress who contested the certification of election results last week
5/
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Nick Huber
Nick Huber
@sweatystartup
There is a lot of bad advice floating around online when it comes to real estate investing.

Time for a stiff drink and some stuff you might not want to hear.

A thread 👇

Most real estate influencers spend 99% of their time trying to sound smart.

They purposely make things too complicated.

When you do this for a while you can tell if a property is worth buying with a napkin and 30 seconds.

The problem with being a big real estate PE firm:

You need to do good deals year after year and deploy 10s or 100s of millions in capital.

It’s a hamster wheel making others wealthy.

The advantage of being you:

One building like this can change your life.


Buying real estate that doesn’t cashflow well because values have risen 10% / yr for 10 yrs while wages have risen 3% / yr for 10 yrs is very risky.

I don’t care how long your interest rate is “fixed” for.

Markets are cyclical. Trends change. Bankruptcy is real.

If you don’t know anyone with money and you have less than $250k of your own cash real estate isn’t the best way to make money.

Even a $500k property (like the one pictured above) requires $150k down and another $100k in cash reserves.
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Carlos E. Perez
Carlos E. Perez
@IntuitMachine
The interview with CNBC of @chamath is a much watch because there is so much insight hidden underneath.

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From basic physics, we know that momentum is mass times velocity. So any 'momentum' tactic employs the variation of mass, velocity or both. Wrt stocks, mass is money and velocity is speed of trade.

We cannot argue that there are benefits of scale associated with having more money. Also, high-frequency trading has shown the value of high-speed trading. So in an abstract sense, market manipulation can involve a kind of momentum play.

The objective of stock trading is to buy a financial instrument at a low price and sell it at a higher price. The purpose of a momentum play is to front-run the decision process of other traders such that one acquires the assets before a decision is made.
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Irina Dumitrescu
Irina Dumitrescu
@irinibus
I just keep being surprised by how many people expect all business to run as usual despite the fact that we're into year two of a worldwide pandemic.

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Anyone notice how many people now have massively heavier care responsibilities -- for children, parents, elderly relatives and friends, you name it?

Anyone notice the massive, unceasing level of stress that comes from mixed messages coming from govts, bungled safety policies and vaccination plans, endless lockdowns?

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THE BATTLE OF SARAIGHAT (1671)

Lachit Borphukan's humiliation of Aurangzeb.

The battle of Saraighat was a naval engagement fought on the Brahmaputra river near Saraighat between the M0ghul empire and Ahom kingdom in 1671.

Guts, resolve and glory!

(Elaborate thread)


Koch was a state situated between the dominions of M0ghuls and Ahoms. For Ahoms, it was a buffer state for keeping M0ghul territorial expansions at bay.(1)

Times changed when the ruler of the Koch kingdom, Nara Narayana passed away in 1587 resulting in Koch being divided into 2. Western Koch was ruled by his son Lakshmi Narayan and the eastern Koch by his nephew, Raghudev.(2)

Lakshmi Narayan formed an alliance with M0ghuls after which he attacked Parikshit, son of Raghudev, in 1602. Parikshit Narayan was defeated while his brother Bali Narayan took refuge in the Ahom Kingdom.(3)

The M0ghuls used it as a pretext to invade Ahom kingdom. The first battle between them took place in 1615 leading to a series of engagements in which both sides had their shares of ups and downs resulting in a stalemate.(4)
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Brian Armstrong
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1/ Productivity tip: when I keep procrastinating on something I often trick myself by saying, "ok just work on it for the next 20 minutes" or some short period of time, "and then you can chill/relax guilt free" and give myself some treat (sugar, netflix, etc)

2/ Usually at the 20 minute mark (sometimes I set a timer) I'm so engrossed in what I'm doing that I don't want want to stop and end up working on it for the next hour or two. But getting started seems to be the hardest part.

3/ Key to this: you have to actually be ok with stopping after 20 minutes and being guilt free if that's how you feel. So it's not a trick, i have the option every time, I just often don't want to use it once i'm in the zone.
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सा विद्या या विमुक्तये...
@raghav_aanya
#ज्योतिष_विज्ञान #मंत्र_विज्ञान

ज्योतिषाचार्य अक्सर ग्रहों के दुष्प्रभाव के समाधान के लिए मंत्र जप, अनुष्ठान इत्यादि बताते हैं।

व्यक्ति के जन्म के समय ग्रहों की स्थिति ही उसकी कुंडली बन जाती है जैसे कि फ़ोटो खींच लिया हो और एडिट करना सम्भव नही है। इसे ही "लग्न" कुंडली कहते हैं।


लग्न के समय ग्रहों की इस स्थिति से ही जीवन भर आपको किस ग्रह की ऊर्जा कैसे प्रभावित करेगी का निर्धारिण होता है। साथ साथ दशाएँ, गोचर इत्यादि चलते हैं पर लग्न कुंडली का रोल सबसे महत्वपूर्ण है।


पृथ्वी से अरबों खरबों दूर ये ग्रह अपनी ऊर्जा से पृथ्वी/व्यक्ति को प्रभावित करते हैं जैसे हमारे सबसे निकट ग्रह चंद्रमा जोकि जल का कारक है पृथ्वी और शरीर के जलतत्व पर पूर्ण प्रभाव रखता है।
पूर्णिमा में उछाल मारता समुद्र का जल इसकी ऊर्जा के प्रभाव को दिखाता है।


अमावस्या में ऊर्जा का स्तर कम होने पर वही समुद्र शांत होकर पीछे चला जाता है। जिसे ज्वार-भाटा कहते हैं। इसी तरह अन्य ग्रहों की ऊर्जा के प्रभाव होते हैं जिन्हें यहां समझाना संभव नहीं।
चंद्रमा की ये ऊर्जा शरीर को (अगर खराब है) water retention, बैचेनी, नींद न आना आदि लक्षण दिखाती है


मंत्र क्या हैं-
मंत्र इन ऊर्जाओं के सटीक प्रयोग करने के पासवर्ड हैं। जिनके जप से संबंधित ग्रह की ऊर्जा को जातक की ऊर्जा से कनेक्ट करके उन ग्रहों के दुष्प्रभाव को कम किया और शुभ प्रभाव को बढ़ाया जाता है।
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Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Thiruvizha Mahadeva Kshetram
#Alappuzha 
#Keralatemples 🚩

Thiruvizha Mahadeva Kshetram is located in Cherthala and it is believed that Prathishta of temple was done by Vilwamangalam Swamy. Paramashiva is Swayambhu here and is worshipped as Kalakandha which means who swallowed


Halahala visham to save the world during Samudra mathanam. 

It is a famous temple where people seek the blessings, for curing the Kaivisham. The poison given by someone to destroy a person is made to vomit here. This is removed by making them vomit the poison by a special


medicine.
The medicine for vomiting is made from a plant near temple by Palodathu family. The milk offered to Bhagwan is mixed with the extracts of the plant.

Story says that once this place was a dense forest, and a woman was looking for the presence of a tortoise in the pond


and the tip of her stick hit the bottom and it started bleeding in the pond. 
Frightened, the lady informed every one and after searching in pond people found Swayambhu Lingam inside the pond. Thus Prathishta was done here.

Om Namah Shivaye
Shambo Mahadeva
🙏🕉🙏
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Noah Smith
Noah Smith
@Noahpinion
1/OK, data mystery time.

This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE

That's weird. Income inequality in China is legendary.

Let's check this number.

2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".

The report is available here:

3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.

The graph cites the World Development Indicators as its source for the income inequality data.


4/The World Development Indicators are available at the World Bank's website.

Here's the Gini index: https://t.co/MvylQzpX6A

It looks as if the latest estimate for China's Gini is 42.2.

That estimate is from 2012.

5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.

I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
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