BC BUSINESS
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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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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.

Like.... anyone notice how many people's jobs got a ton harder? Or how many people lost their jobs, or the prospect of even being in the running for employment?

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?

Every now and then I see someone miffed that some inessential thing hasn't gone as quickly or as efficiently as they'd have like, and I have to wonder -- are we living on the same planet?
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Zikhona Valela
Zikhona Valela
@valavoosh
Should we go into the details of these 125 years?


SA is built on the exploitation of labour. That labour has functioned on alcohol unfortunately. Very few people consume liquor purely for enjoyment unfortunately. When SAB opened its doors 1895 workers were paid in alcohol- the dop/tot system. 2 years into SAB's establishment

The Prohibition Act is introduced. This means black people are barred from buying your wines, beer etc. So SAB's products are exclusively for white people. But during this period beer brewing by Black women is the norm. Ayinxilisi ncam ke this type of beer. Apparently it had some

Nutritious elements to it. Now some of the context around drinking culture during this time is migrant labour to the mines, further land dispossession, the Anglo-Boer Wars, Rhodes corruption (our first state capture commission if you will) which leads to his resignation.

This context plays a role in how our cities and small towns are constructed, how they lead to the confinement and surveillance yabantu. Traditional beer brewing is identified as a threat because buy now mining bosses have identified that there's money to be made here.
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1. A company that has been brewing just outside our Top-5 for some time now is the electroporation (EP) company MaxCyte. Modelio assesses it as one of the best investments to capture the growing gene editing and gene therapy space, especially in allogeneic ex-vivo treatments.

2. We estimate that MaxCyte stands before a huge inflection point that will accelerate both growth and profitability. We have seen signs of the accelerating underlying activity by the fact that they in the last two years have added 9 of their 12 commercial agreements.

3. What makes MaxCyte unique compared to other “pick-and-shovel” businesses is their claim to milestones and royalties, something usually reserved for pharmaceutical companies.

4. As per the January update, MaxCyte has a potential pool of $950m in milestones, and a 2-3% (our estimates) of sales in royalties, that excludes licenses and consumables for the machines.

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There are so many #HotTakes on the future of news and tech and digital this week. Now nearly half a year distant (and what a year - 2020, ugh!) from CEO and board @mcclatchy, I'd like to add a few thoughts: 1/


As @jbenton said in @NiemanReports : @mcclatchy transformation shows it STILL is possible NOW 'to be operationally profitable while still doing good journalism.' Not easy; Covid made it harder. But POSSIBLE and DONE by the great team in 2020 @mcclatchy. 2/

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Mario Gabriele \U0001f98a
Mario Gabriele 🦊...
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Red Bull is a weird and fascinating company.

- $7.4 billion in 2020 revenue
- 43% energy drink market
- Makes nothing

Nope, not even the drinks they sell. Instead, they focus 100% on marketing.

Here's what's going on

1/

Before Red Bull there was Krating Daeng (KD).

Founded by pharmaceutical entrepreneur, Chaleo Yoovidhya, KD was created to serve Thailand's country's working class.

Yoovidhya chose the gaur, a member of the bovine family from the region, as the brand's symbol.


2/

Dietrich Mateschitz was a toothpaste marketer. On a business trip to Thailand he discovered KD and fell in love with the drink.

With Yoovidhya, he decided to bring it to Europe. He made changes:

- Name became "Red Bull"
- Added bubbles
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3/

The deal Mateschitz and Yoovidhya struck outsourced production of the drink to the Thai entrepreneur's pharmaceutical company.

That fundamental structure has remained in place today: Red Bull outsources production and focuses on distribution (marketing).


4/

Mateschitz noticed the rise of extreme sports starting in the 1990s. He thought Red Bull should be a part of it.

The years since have seen the company amass an insane empire across sports, media, and apparel.
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Here is the detailed information of about strategy,

Entry time : 9.30 - 10
Exit : Upto you

Strategy :
Sell weekly ATM CE & PE at almost equal price
For ex : Sell Nifty 17250 CE at 50 and Nifty 17250 PE at 48 so it will become short straddle

Buy monthly ATM or near ATM CE & PE at matching price (5-10 points diff should be fine) as hedge
For ex : Buy Nifty 17250 CE at 150 and Nifty 17300 PE at 155 so it will become long straddle.

Weekly Short straddle + Monthly Long straddle

Adjustment:

• If you feel slightly bullish/bearish then no adjustment needed
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Capital requirement:
2.2 L for 4 lot
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Vibhu Vashisth
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Surkanda devi mandir is a famous shrine of Hindus located near Kaddukhal distt of Uttarakhand, 11 Km from the town of Dhanaulti and 35 Km from Mussoorie.
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Facebook originally a CIA program called "LifeLog".
LifeLog, via DARPA, terminated on Feb 4th, 2004.
Facebook was launched on Feb 4th, 2004.
Many of the LifeLog team became execs at FB.
Zuckerberg is a figurehead.
CIA allowed Cambridge to help Trump win

https://t.co/enzOXDCogV


Pentagon Kills LifeLog
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Vशुद्धि...
@V_Shuddhi
The first ever world map was sketched thousands of years ago by Indian saint
“Ramanujacharya” who simply translated the following verse from Mahabharat and gave the world its real face

In Mahabharat,it is described how 'Maharishi Ved Vyasa' gave away his divine vision to Sanjay


Dhritarashtra's charioteer so that he could describe him the events of the upcoming war.

But, even before questions of war could begin, Dhritarashtra asked him to describe how the world looks like from space.

This is how he described the face of the world:

सुदर्शनं प्रवक्ष्यामि द्वीपं तु कुरुनन्दन। परिमण्डलो महाराज द्वीपोऽसौ चक्रसंस्थितः॥
यथा हि पुरुषः पश्येदादर्शे मुखमात्मनः। एवं सुदर्शनद्वीपो दृश्यते चन्द्रमण्डले॥ द्विरंशे पिप्पलस्तत्र द्विरंशे च शशो महान्।

—वेद व्यास, भीष्म पर्व, महाभारत


Meaning:-

हे कुरुनन्दन ! सुदर्शन नामक यह द्वीप चक्र की भाँति गोलाकार स्थित है, जैसे पुरुष दर्पण में अपना मुख देखता है, उसी प्रकार यह द्वीप चन्द्रमण्डल में दिखायी देता है। इसके दो अंशो मे पीपल और दो अंशो मे विशाल शश (खरगोश) दिखायी देता है।


Meaning: "Just like a man sees his face in the mirror, so does the Earth appears in the Universe. In the first part you see leaves of the Peepal Tree, and in the next part you see a Rabbit."

Based on this shloka, Saint Ramanujacharya sketched out the map, but the world laughed
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Greg Olear
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Strange things are afoot at the Circle K. Let’s sort it out.

[THREAD]


1/ Two nights ago, Rupert Murdoch called on Mitch McConnell, after hours. Since then, two Fox News-related Twitter accounts have not tweeted.

2/ Trump fired Sessions on Wednesday, replacing him with human dildo/Putin collaborator Matt Whitaker. Sessions had asked to stay until Friday and was told to leave immediately. So there was clearly some urgency to install the dildo...er, puppet.

3/ The Democrats won the SHIT out of the Midterms. Come January, the House check on Trump will leave him so hobbled, he’ll be like the dude from Misery.

4/ Trump went to Paris, ostensibly for an Armistice Day centennial event. He skipped the event, and much of the dinner tonight, because of “weather,” which everyone seems to agree is a bullshit excuse.
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