TMS Ep444: JioCinema, recession in Germany, Adani stocks, heat dome
Is JioCinema ready for the big league? Will recession in Germany hit the Indian economy? Has the rally in Adani stocks run its course? What is heat dome? All answers here
Team TMS New Delhi
IPL 2023 finally came to an end on May 29, with the Chennai Super Kings clinching its fifth win. The latest edition was remarkable for several records broken and milestones established on field. But off the field too, the massive viewership numbers for IPL 2023 seems to have given its OTT broadcaster — Jio Cinema — a big push in its race for a place among the leaders of India’s OTT-space. But, is the Reliance-owned streaming platform ready to take on giants like Netflix and Amazon Prime?
JioCinema didn’t break new ground with its free IPL streaming. But its entry will make a big dent on the ARPUs of other OTT platforms – just like it did for the telecom players in 2016 and 2017. On the other side of the globe, the world’s fourth largest economy meanwhile is facing a technical recession. Germany, recorded a 0.3% contraction in GDP in the first quarter of this year. Among various reasons, a prime trigger is the ongoing Russia-Ukraine war that has disrupted the supply of natural gas. Germany is also one of the prime destinations for India’s exports. So, will the Indian economy take a hit because of the recession in Deutschland?
So, the good news is, recession in Germany alone will not significantly impact India’s merchandise exports. Back in India, shares of Gautam Adani’s conglomerate are clawing back from an epic rout, after a Supreme Court panel found no evidence of regulatory failure or market manipulation in stock prices. Can the billionaire now convince investors and lenders to infuse fresh capital in the Group? Besides, how does the road ahead looks like for group stocks?
Summer is here. Notwithstanding some rain relief in Northern India, the country is reeling under scorching heat. Meanwhile, a heat dome phenomenon has been reportedly occurring in the United States since the past month. The unique weather condition is also common in north-western India and some parts of China and Bangladesh during the summers. So, what is a heat dome? Listen to this episode of the podcast for answers.
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First Published: May 31 2023 | 11:18 AM IST