Investors have thrown in the towel on Roku (NASDAQ: ROKU). The pandemic-era favorite is off close to 90% from all-time highs as Wall Street continues to worry about profitability and its competitive positioning in the streaming TV (CTV) sector. Even though nobody is talking about this stock anymore, the CTV platform is growing market share in the United States and around the world.
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Marico has allocated Rs 70 crore to Rs 100 crore to increase their direct distribution reach over the next three years. During Q1FY25, the company initiated Project SETU, a structured three-year plan aimed at enhancing the direct presence from approximately 1 million outlets presently to 1.5 million outlets by FY27. The project will be funded internally from some of the savings.
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More than 2 million barrels of Russian naphtha, a building block for plastics, have been held in tankers for more than a week, with some in the waters near Oman, as of May 5, according to market intelligence firm Kpler. That’s up from a weekly average of about 790,000 barrels in January and February. Petrochemical makers in South Korea, traditionally major buyers of the Russian product.
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