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ICAI CA Final May 2025 session results expected in early July: Report

ICAI CA Final May 2025 session results expected in early July: Report

The Institute of Chartered Accountants of India (ICAI) is expected to declare the CA final results for the May 2025 session in the first week of July. Although the official date is yet to be confirmed, former Central Council Member (CCM) Dhiraj Khandelwal has hinted that the results may be announced between July 3 and 4.
"For those asking about the May 25 exam results, please note that, based on experience, the results may be announced in the first week of July , tentatively around July 3rd or 4th,' Khandelwal posted on microblogging platform X (formerly Twitter).
ICAI CA Final May 2025 Results likely to be out soon
ICAI's campus placement drive for August-September 2025 is set to open for registration from July 10 to 20. This has led many students to anticipate that the CA final results will be out before July 10. According to the placement notice, candidates who cleared the November 2024 exam but missed the February-March 2025 placement cycle are also eligible to apply for the upcoming drive.
ICAI CA Final May 2025 Results: Previous years' trends
A look at previous years' result dates suggests that the CA Final results for the May session are usually released in early to mid-July:
2024: July 11
2023: July 5
2022: July 15
2021: September 13
2020: February 1
These trends reinforce the likelihood of a July 3–4 announcement this year, excluding the pandemic-related delays in 2020 and 2021.
How to check CA Final May 2025 results?
Here are the simple steps to check CA Final May 2025 results:
Go to the official ICAI website: icai.nic.in or icaiexam.icai.org.
Click on the "Results" section and select "Final (New)".
Enter your 6-digit roll number and PIN or registration number.
Fill in the CAPTCHA code shown on the screen.
Click "Submit" or "Check Result" to view your result.
Download the result PDF and print it for future reference.
Passing Criteria for CA Final
To pass the CA final exam, candidates must score a minimum of 40% in each subject and achieve at least 50% aggregate in each group. In the 2024 session, 20,446 candidates qualified. Shivam Mishra topped the exam with 500 marks (83.33%), followed by Varsha Arora with 480 marks. Kiran Manral and Ghilman Saalim Ansari jointly secured third place with 477 marks each (79.50%).
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The new distribution math: UFC's shift from PPV culture to Paramount+ bundling
The new distribution math: UFC's shift from PPV culture to Paramount+ bundling

Time of India

time13 minutes ago

  • Time of India

The new distribution math: UFC's shift from PPV culture to Paramount+ bundling

Since its first ESPN deal in 2018, a five-year contract valued at $1.5 billion, the UFC grew familiar with PPV economics under the cable-and-satellite model. The UFC's major events generated revenue by selling individual shows at premium prices, often $60 to $80 per event, on top of existing distribution fees paid by networks. ESPN amplified UFC's visibility via integrated studio segments, weigh-in coverage, and highlights across SportsCenter and other properties, solidifying the UFC's place in mainstream sports media. This era helped elevate both brand awareness and PPV volumes. Now, with ESPN's contract expiring at the end of 2025, the UFC has secured a new seven-year, $7.7 billion US rights deal with Paramount Global . Under this framework, all events, including numbered cards and Fight Nights, will be available on Paramount+, while select marquee cards will simulcast live on CBS. The deal's headline figure dwarfs the previous agreement; however, the shift in delivery models critically transforms how revenue is structured and how audiences engage. 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That model creates spikes in revenue tied to each big card but places purchasing decisions squarely in viewers' hands every time, a dynamic that can hurt overall event uptake, especially for casual fans. Under ESPN, the UFC's PPV model relied on both the promotion's marketing muscle and ESPN's promotional ecosystem to drive sales. The Paramount+ model moves to subscription-based bundling: UFC events become part of a broader content package. Consumers with subscriptions pay a flat monthly or annual fee, removing per-event friction but also potentially dampening per-card revenue excitement. The success now depends on subscriber growth and retention, whether enough viewers subscribe to Paramount+ primarily for UFC content, or maintain subscriptions long-term. Viewers get more inclusive access, potentially increasing casual viewership, but the promotional juggernaut that ESPN offered, a constant highlight of UFC content in daily programming, is diminishing. Bundling benefits, and risks for viewers and fighters For fans, the all-access model may appear advantageous. Paying for a single service that delivers multiple UFC events removes the pinch of paying $60–$80 per card. It supports binge consumption and discovery, a casual viewer might sample a fight night without extra cost, encouraging engagement. Meanwhile, broadcaster bundling aligns with evolving consumer behavior, favoring flat-rate, multi-content experiences. Live Events But for fighters and promoters, this shift may reduce per-event revenue spikes that PPV models deliver. Under PPV, UFC created direct event revenue and often shared PPV points with high-profile fighters, meaning big-name cards could yield substantial payouts. In the new structure, those spikes may flatten into distributed revenue across subscription tiers. Unless UFC negotiates more favorable revenue-sharing structures or views Paramount+ subscriptions as functionally equivalent to PPV volume on aggregate, fighter compensation dynamics could change. Whether Paramount+ pricing and subscriber growth can replicate, or exceed, total PPV revenue is uncertain, although the $7.7B rights deal provides a baseline. Also read: Paramount acquires UFC rights for $7.7 billion to boost streaming Distribution reach and exposure Paramount+ currently has approximately 77–78 million global subscribers. CBS remains the most-watched broadcast network in the US, dominating primetime ratings. This offers UFC both streaming reach and network visibility for select events. In contrast, ESPN's daily cable viewership and social-media promotions created constant exposure for the UFC. The shift may trade high-volume, event-by-event marketing for concentrated promotions around major cards on CBS. Although UFC may no longer receive heavy exposure as a daily feature across ESPN platforms, it gains access to Paramount+ subscribers and broadcast reach for marquee cards through CBS. Audience habits are rapidly shifting toward streaming: Nielsen reports that streaming has, for the first time, eclipsed combined broadcast and cable viewing in viewership. The model aligns with broader industry movement toward direct-to-consumer (DTC) distribution. The broader industry context The UFC's new arrangement mirrors a broader sports-media trend: marquee content migrating from PPV or cable-based packages to streaming-first distribution. This migration reflects shifting economics in content consumption, where maximal reach is nested in bundled offerings rather than per-item price spikes. The NFL , NBA, and other leagues are exploring or embracing similar models, often through exclusive streaming rights deals or app-based packages. For fans accustomed to choosing individual fight nights, this new paradigm emphasizes subscription maintenance over per-event purchase. Conversely, fans who paid only for select PPV events might now consider shelling out monthly for bundled access. Whether the shift encourages more consistent viewership or loses engagement due to 'subscription fatigue' will be closely watched. Implications for UFC's financial model The new deal represents a marquee annual figure, over $1 billion per year, solidifying the UFC's valuation as a global sports brand. It secures multi-year revenue certainty and aggregates the rights fees into one major partnership. For corporate leadership and fighters, that predictability offers benefits, but may require new compensation formulas. If previously lucrative PPV points disappear, blockbuster paydays may shift to salaries, bonuses, or share of subscription jump spikes tied to all-content releases. 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Apollo Hospitals shares in focus as brokerages hike target prices post strong Q1FY26 results
Apollo Hospitals shares in focus as brokerages hike target prices post strong Q1FY26 results

Time of India

time16 minutes ago

  • Time of India

Apollo Hospitals shares in focus as brokerages hike target prices post strong Q1FY26 results

Apollo Hospitals shares are likely to be in focus on Thursday, August 14, after the company posted a strong set of Q1FY26 results , prompting multiple brokerage firms to raise their target prices for the stock. The healthcare major reported a consolidated net profit of Rs 433 crore for the quarter ended June 30, 2025, marking a 42% year-on-year increase from Rs 305 crore in the same period last year. On a sequential basis, PAT was up 11% from Rs 390 crore in Q4FY25. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Revenue from operations in Q1FY26 rose 15% year-on-year to Rs 5,842 crore compared to Rs 5,086 crore in Q1FY25. Sequentially, revenue grew 4.5% from Rs 5,592 crore in the March quarter. The robust performance was supported by growth across segments, improved specialty mix, and operational efficiency gains. Nuvama: Buy| Target price: Rs 9,010 Nuvama has raised its target price for Apollo Hospitals to Rs 9,010 from Rs 8,635, maintaining a 'Buy' rating. Live Events The brokerage noted strong performance from HealthCo and said sustained execution remains key. It expects hospital growth from H2FY26 through phased bed expansion, higher international patient inflows, and an improved specialty mix. Nuvama also highlighted potential value unlocking from the Keimed merger, front-end restructuring, and a possible listing within 18 months. HealthCo's valuation multiple was raised to 26x from 22x, and FY26E/FY27E EBITDA estimates were increased by 2% and 4%, respectively. Motilal Oswal: Buy| Target price: Rs 9,010 Motilal Oswal also raised its target price to Rs 9,010 from Rs 8,720 while maintaining a 'Buy' rating. The firm cited broad-based growth with EBITDA and PAT beating estimates on cost optimisation and noted that profitability was boosted by lower operating expenses. It highlighted a 14% year-on-year rise in surgical revenues on the back of strong CONGO therapy momentum. HealthCo is on track for cash EBITDA breakeven (excluding ESOP) by Q2FY26/Q3FY26. The brokerage expects 15%, 21%, and 28% CAGR in revenue, EBITDA, and PAT, respectively, over FY25–FY27 and has raised its FY26/FY27 earnings estimates by 7%. Avendus: Buy| Target price: Rs 8,765 Avendus has increased its target price for Apollo Hospitals to Rs 8,765 from Rs 8,515, reiterating a 'Buy' call. The brokerage has advanced the breakeven timeline for the online business EBITDA to FY27 from FY28 earlier. It projects ex-Keimed revenue CAGR at 17% in FY25–FY27, with EBITDA expected at Rs 510 crore and Rs 770 crore for FY26 and FY27, respectively. Offline pharmacy revenue CAGR is also projected at 17%, while existing units' EBITDA CAGR is estimated at 16% in the same period. Avendus factors in the AHCo–Keimed merger in April 2026 and the APL front-end acquisition in April 2027. It expects healthcare services EBITDA CAGR of 14% and AHLL at 22% over FY25–FY27. FY26/FY27 EBITDA estimates have been raised by 4% each, driven by higher AHCo EBITDA, partly offset by new hospital losses. Also read: Zerodha's Nithin Kamath on how a boring, invisible Sebi step brought windfall gains for retail investors ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

From geopolitical tensions to growth opportunities: Siddhartha Khemka analyses current trends
From geopolitical tensions to growth opportunities: Siddhartha Khemka analyses current trends

Time of India

time33 minutes ago

  • Time of India

From geopolitical tensions to growth opportunities: Siddhartha Khemka analyses current trends

Siddhartha Khemka , Head-Retail Research, MOSL , says Q1 earnings season shows good inline numbers with 8-9% growth. Geopolitical tensions are high, but improvements are expected after US-Russia meetings. RBI's liquidity injection should boost corporate earnings in the second half of the financial year. Financials, domestic consumption, and FMCGs are promising. Government capex has frontloaded in FY26, driving demand for infra and cement companies. IT is one sector that can be avoided for the next 2-3 quarters. Given the uncertainty right now, we might get a slightly clearer picture on Friday and then at the end of this month when a meeting potentially takes place between Dr S Jaishankar and Russia. How should an investor navigate the volatility that we are seeing at present. Siddhartha Khemka: Two different pictures are emerging from the market perspective. First is the earnings picture. Only a few more days are left of the Q1 earning season and more or less, we have seen a good set of inline numbers. We have got 8-9% earnings growth compared to a 6-7% earnings growth expectation. So, broadly, there is no negative coming out from there. If at all, some of the sectors and domestic focused segments have given a strong outlook going forward, that should be positive. 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But again, several meetings are lined up between the US president and the Russian president. India on its part has steered up a lot of meetings globally. So, a lot of development, news flows will come from the global front. We expect that things could only improve from here on. It is difficult to say whether things will go bad from here but there is hope that there will be some negotiation between the US and Russia and that could lead to removal of the secondary level tariffs which had been imposed specifically only on India compared to all the other importers. So, things will become clearer once these meetings take place. Nonetheless, as you asked what investors should do, in this volatile time, it is better to stick to some of the domestic names. There are several segments that we like. We have seen interest rates coming down sharply from the start of the year. RBI through its various measures including the repo rate cut, the CRR cut and other lot of other provisionings has injected more than Rs 8 lakh crore of liquidity into the system and we expect that to start showing up in the entire corporate earnings demand push up by the second half of the financial year. So, Q3 and Q4 should see a big impact. Live Events You Might Also Like: Portfolio reshuffling contributing to market volatility? Deven Choksey explains Financials, and the domestic consumption theme should do well. Monsoon has been good. Inflation is at an eight-year low and that is very conducive. So far, some of these domestic financials, consumption-driven companies, and FMCGs could do well in the next two quarters. We have seen that after FY25 with its lacklustre government capex, FY26 has started on a strong note. The government capex has been frontloaded in FY26 and that has led to strong demand for infra companies, for cement companies, and that is again a domestic theme but coming off with strong execution and better numbers. Since you spoke about a whole host of sectors that you are bullish on, is there any sector that you are completely staying away from at this juncture, especially after the kind of numbers that they have reported? Siddhartha Khemka: One sector which we are a little bit averse to right now is the IT sector and from a near-term perspective because things are very uncertain and the numbers and the downgrade in terms of earnings outlook for FY26 does not leave any triggers for IT companies. Hence, I would suggest avoiding IT for the next two-three quarters. We will get enough time in the coming quarters for long-term investors to accumulate them. You Might Also Like: Which sectors will outperform the market in 2025? Hospitals, airlines, or something else? FIIs won't let market rise and DIIs won't let it fall but retail investor real hero: Sunil Subramaniam

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