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Motilal Oswal Financial Services has a buy call on Ashok Leyland with a target price of Rs 255. The current market price of Ashok Leyland is Rs 232.9. Ashok Leyland, incorporated in 1948, is a Large Cap company with a market cap of Rs 68298.36 crore, operating in the Auto sector. Ashok Leyland's key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 11261.84 crore, up 4.72% from last quarter Total Income of Rs 10754.43 crore and down -1.76 % from last year same quarter Total Income of Rs 11463.03 crore. The company has reported net profit after tax of Rs 755.21 crore in the latest quarter. The company?s top management includes Mr.Dheeraj G Hinduja, Mr.Shenu Agarwal, Mr.Shom Ashok Hinduja, Dr.Andreas H Biagosch, Mr.Jean Brunol, Ms.Sanjay K Asher, Mr.Manisha Girotra, Mr.Gopal Mahadevan, Mr.Jose Maria Alapont, Mr.Saugata Gupta, Dr.C Bhaktavatsala Rao, Dr.V Sumantran, Mr.Dheeraj G Hinduja, Mr.Thomas Dauner, Mr.Shenu Agarwal, Mr.Shom Ashok Hinduja, Dr.Andreas H Biagosch, Mr.Jean Brunol, Ms.Sanjay K Asher, Mr.Manisha Girotra, Mr.Gopal Mahadevan, Mr.Jose Maria Alapont, Mr.Saugata Gupta, Dr.C Bhaktavatsala Rao, Dr.V Sumantran, Mr.Thomas Dauner. Company has Price Waterhouse & Co Chartered Accountants LLP as its auditors. As on 30-09-2024, the company has a total of 294 Crore shares outstanding. Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading A2Z of Stock Market for Beginners: Stock Market Course For Beginners By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Derivative Analytics Made Easy By - Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Promoter/FII Holdings Promoters held 51.52 per cent stake in the company as of 30-Sep-2024, while FIIs owned 24.39 per cent, DIIs 12.25 per cent. (You can now subscribe to our ETMarkets WhatsApp channel )
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US goalkeeper Alyssa Naeher is retiring from international soccerAP News Summary at 3:40 p.m. ESTAsking Eric: I don’t get along with my girlfriend’s friends
ENGLEWOOD, Colo. (AP) — John Elway says any remorse over bypassing Josh Allen in the 2018 NFL draft is quickly dissipating with rookie Bo Nix's rapid rise, suggesting the Denver Broncos have finally found their next franchise quarterback. Elway said Nix, the sixth passer selected in April's draft, is an ideal fit in Denver with coach Sean Payton navigating his transition to the pros and Vance Joseph's defense serving as a pressure release valve for the former Oregon QB. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
By MEAD GRUVER and AMY BETH HANSON, Associated Press A judge on Monday rejected a request to block a San Jose State women’s volleyball team member from playing in a conference tournament on grounds that she is transgender. Monday’s ruling by U.S. Magistrate Judge S. Kato Crews in Denver will allow the player, who has played all season, to continue competing in the Mountain West Conference women’s championship scheduled for later this week in Las Vegas. The ruling comes after a lawsuit was filed by nine current players who are suing the Mountain West Conference to challenge the league’s policies for allowing transgender players to participate. The players argued that letting her compete was a safety risk and unfair. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans women’s volleyball player. The Associated Press is withholding the player’s name because she has not publicly commented on her gender identity. School officials also have declined an interview request with the player. Judge Crews referred to the athlete as an “alleged transgender” player in his ruling and noted that no defendant disputed that San Jose State rosters a transgender woman volleyball player. He said the players who filed the complaint could have sought relief much earlier, noting that the individual universities had acknowledged that not playing their games against San Jose State this season would result in a forfeit in league standings. He also said injunctions are meant to preserve the status quo. The conference policy regarding forfeiting for refusing to play against a team with a transgender player had been in effect since 2022 and the San Jose State player has been on the roster since 2022 – making that the status quo. The player competed at the college level three previous seasons, including two for San Jose State, drawing little attention. This season’s awareness of her identity led to an uproar among some players, pundits, parents and politicians in a political campaign year. The tournament starts Wednesday and continues Friday and Saturday. San Jose State is seeded second. The judge’s order maintains the seedings and pairings for the tournament. Several teams refused to play against San Jose State during the season, earning losses in the official standings. Boise State and Wyoming each had two forfeits while Utah State and Nevada both had one. Southern Utah, a member of the Western Athletic Conference, was first to cancel against San Jose State this year. Nevada’s players stated they “refuse to participate in any match that advances injustice against female athletes,” without providing further details. Crews served as a magistrate judge in Colorado’s U.S. District Court for more than five years before President Joe Biden appointed him to serve as a federal judge in January of this year. Gruver reported from Cheyenne, Wyoming, and Hanson from Helena, Montana.Special counsel moves to abandon election interference and classified documents cases against Trump
College Football Playoff field: What went right, what went wrongThe new, 12-team College Football Playoff brings with it a promise to be bigger, more exciting, more lucrative. Perfect or 100% fair? Well, nobody ever believed that. The first expanded playoff bracket unveiled Sunday left a presumably deserving Alabama team on the sideline in favor of an SMU squad that finished with a better record after playing a schedule that was not as difficult. It ranked undefeated Oregon first but set up a possible rematch against Ohio State, the team that came closest to beating the Ducks this year. It treated underdog Boise State like a favorite and banged-up Georgia like a world beater at No. 2. It gave Ohio State home-field advantage against Tennessee for reasons it would take a supercomputer to figure out. It gave the sport the multiweek tournament it has longed for, but also ensured there will be plenty to grouse about between now and when the trophy is handed out on Jan. 20 after what will easily be the longest college football season in history. All of it, thankfully, will be sorted out on the field starting with first-round games on campuses Dec. 20 and 21, then over three succeeding rounds that will wind their way through traditional bowl sites. Maybe Oregon coach Dan Lanning, whose undefeated Ducks are the favorite to win it all, put it best when he offered: "Winning a national championship is not supposed to be easy.” Neither, it turns out, is figuring out who should play for it. The Big Ten will lead the way with four teams in the tournament, followed by the SEC with three and the ACC with two. The lasting memory from the inaugural bracket will involve the decision that handed the ACC that second bid. Alabama of the SEC didn't play Saturday. SMU of the ACC did. The Mustangs fell behind by three touchdowns to Clemson before coming back to tie. But they ultimately lost 34-31 on a 56-yard field goal as time expired. “We were on pins and needles,” SMU coach Rhett Lashley said. “Until we saw the name ‘SMU’ up there, we were hanging on the edge. We're really, really happy and thankful to the committee for rewarding our guys for their total body of work." The Mustangs only had two losses, compared to three for the Crimson Tide. Even though SMU's schedule wasn't nearly as tough, the committee was impressed by the way the Mustangs came back against Clemson. “We just felt, in this particular case, SMU had the nod above Alabama,” said Michigan athletic director Warde Manuel, the chairman of the selection committee. “But it’s no disrespect to Alabama’s strength of schedule. We looked at the entire body of work for both teams.” Alabama athletic director Greg Byrne was gracious, up to a point. “Disappointed with the outcome and felt we were one of the 12 best teams in the country,” he said on social media. He acknowledged — despite all of Alabama’s losses coming against conference opponents this season — that the Tide’s push to schedule more games against teams from other major conferences in order to improve its strength of schedule did not pay off this time. “That is not good for college football," Byrne said. Georgia, the SEC champion, was seeded second; Boise State, the Mountain West champion, earned the third seed; and Big 12 titlist Arizona State got the fourth seed and the fourth and final first-round bye. All will play in quarterfinals at bowl games on Dec. 31-Jan. 1. Clemson stole a bid and the 12th seed with its crazy win over SMU, the result that ultimately cost Alabama a spot in the field. The Tigers moved to No. 16 in the rankings, but got in as the fifth-best conference winner. The conference commissioners' idea to give conference champions preferable treatment in this first iteration of the 12-team playoff could be up for reconsideration after this season. The committee actually ranked Boise State, the Mountain West Champion, at No. 9 and Big 12 champion Arizona State at No. 12, but both get to skip the first round. Another CFP guideline: There’s no reseeding of teams after each round, which means no break for Oregon. The top-seeded Ducks will face the winner of Tennessee-Ohio State in the Rose Bowl. Oregon beat Ohio State 32-31 earlier this year in one of the season’s best games. No. 12 Clemson at No. 5 Texas, Dec. 21. Clemson is riding high after the SMU upset, while Texas is 0-2 against Georgia and 11-0 vs. everyone else this season. The winner faces ... Arizona State in the Peach Bowl. Huh? No. 11 SMU at No. 6 Penn State, Dec. 21. The biggest knock against the Mustangs was that they didn't play any big boys with that 60th-ranked strength of schedule. Well, now they get to. The winner faces ... Boise State in the Fiesta Bowl. Yes, SMU vs. Boise was the quarterfinal we all expected. No. 10 Indiana at No. 7 Notre Dame, Dec. 20. Hoosiers coach Curt Cignetti thought his team deserved a home game. Well, not quite but close. The winner faces ... Georgia in the Sugar Bowl. The Bulldogs got the No. 2 seed despite a throwing-arm injury to QB Carson Beck. But what else was the committee supposed to do? No. 9 Tennessee at No. 8 Ohio State , Dec. 21. The Buckeyes (losses to Oregon, Michigan) got home field over the Volunteers (losses to Arkansas, Georgia) in a matchup of programs with two of the biggest stadiums in football. The winner faces ... Oregon in the Rose Bowl. Feels like that matchup should come in the semifinals or later. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.SCOTTSDALE, Ariz. — Even when Penn State quarterback Drew Allar gets some praise, it's usually a backhanded compliment. They say he's a good game manager and stays within himself, or that he doesn't try to do too much. They mention he might not be flashy, but he gives the team a chance to win. And here's the thing about Penn State since Allar stepped under center: The Nittany Lions have won games. A lot of them. Sometimes that's hard to remember considering the lukewarm reception he often gets from fans. "I get it — we have a really passionate fan base and they're a huge part of our success," Allar said Sunday at College Football Playoff quarterfinals media day. "For us, we always want to go out there every drive and end with a touchdown, so when we don't do that, there's nobody more frustrated than us." The polarizing Allar is having a solid season by just about any standard, completing more than 68% of his passes for 3,021 yards, 21 touchdowns and seven interceptions while leading the sixth-seeded Nittany Lions to a 12-2 record and a spot in the Fiesta Bowl for Tuesday's game against No. 3 seed Boise State. People are also reading... But in a college football world filled with high-scoring, explosive offenses, Allar's no-frills performances often are the object of ire. The Penn State offense is a run-first bunch, led by the talented combo of Nicholas Singleton and Kaytron Allen. "If we had a nickel for every time there was a Monday morning quarterback saying some BS stuff, we'd all be pretty rich," offensive coordinator Andy Kotelnicki said. "I think part of being a quarterback, especially at Penn State but really anywhere, is how you respond to and manage criticism." The 20-year-old Allar has made strides in that department after a trying 2023 season that finished with a 10-3 record. He says that's largely because once fall camp started back in August, he logged off the social media platform X. Allar said negative online experiences wore on him last year, and his phone number was leaked a few times, which added to the stress. He finally realized that controlling outside narratives was impossible, so the best course of action was to eliminate a needless distraction. "I've been more mentally free, as much as that sounds crazy," Allar said. "I think that's been a huge difference for me this year." The biggest criticism of Allar — and really Penn State as a whole during the 11-year James Franklin era — is that he isn't capable of winning the big games. He's 0-2 against rival Ohio State and threw a late interception against Oregon in the Big Ten title game earlier this month, which sealed the Ducks' 45-37 victory. He wasn't great in the CFP's first round, either, completing just 13 of 22 passes for 127 yards as Penn State muscled past SMU 38-10 on a cold, blustery day to advance to the Fiesta Bowl. But the quarterback is confident a better performance — aided by a game that will be played in comfortable temperatures in a domed stadium — is coming. "For me, I just have to execute those (easy) throws early in the game and get our guys into rhythm," Allar said. "Get them involved early as much as I can and that allows us to stay on the field longer, call more plays and open up our offense more. That will help us a ton, building the momentum throughout the game." Allar might be a favorite punching bag for a section of the Penn State fan base, but that's not the case in his own locker room. Star tight end Tyler Warren praised his quarterback's ability to avoid sacks, saying that the 6-foot-5, 238-pounder brings a toughness that resonates with teammates. "He's a football player," Warren said. "He plays quarterback, but when you watch him play and the energy he brings and the way he runs the ball, he's just a football player and that fires up our offense." Now Allar and Penn State have a chance to silence critics who say that the Nittany Lions don't show up in big games. Not that he's worried about what other people think. "I think it's a skill at the end of the day — blocking out the outside noise," Allar said. "Focusing on you and the process and being honest with yourself, both good and bad." Be the first to know Get local news delivered to your inbox!
Total advertising revenue to hit AUD 30.5 billion in 2025: MAGNA 2024
NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Rosen Law Firm, a leading securities law firm, continues to investigate Customers Bancorp, Inc. (NYSE: CUBI) for possible violations of the federal securities laws. If you purchased Customers Bancorp securities, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=28067 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. What is this about: On August 8, 2024 , during market hours, the Federal Reserve Board of Governors issued an announcement entitled "Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank." Attached to the announcement was a written agreement between the Federal Reserve Bank of Philadelphia , Customers Bancorp, Inc., and Customers Bank. The agreement stated "the most recent examinations and inspection of [Customers Bancorp and Customers Bank] conducted by the Federal Reserve Bank of Philadelphia [. . .] identified significant deficiencies related to the Bank's risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering ("AML"), including the Bank Secrecy Act [. . .], including the rules and regulations issued thereunder by the U.S. Department of the Treasury [. . .], and the AML requirements of Regulation H of the Board of Governors [of the Federal Reserve System] [. . .]; and the regulations issued by the Office of Foreign Assets Control of the United States Department of the Treasury[.]" On this news, Customers Bancorp's common stock fell 13.3% on August 8, 2024 . Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free : (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/cubi-investor-news-customers-bancorp-inc-investors-that-suffered-losses-are-encouraged-to-contact-rlf-about-ongoing-investigation-into-the-company-nyse-cubi-302314946.html SOURCE THE ROSEN LAW FIRM, P. A.Indiana aims to limit turnovers vs. MinnesotaLANDOVER, Md. (AP) — Jayden Daniels connected with Zach Ertz in overtime for his third touchdown pass of the game to get the Washington Commanders into the playoffs by beating the Atlanta Falcons 30-24 on Sunday night in a back-and-forth prime-time showdown between highly drafted rookie quarterbacks. Daniels ran for a season-high 127 yards and completed 24 of 36 passes for 227 yards and had two TD passes to Ertz and another to Olamide Zaccheaus to make the playoffs in his rookie year. In his latest comeback performance in a season full of them , the No. 2 overall pick in the draft in April shook off an interception and a 10-point halftime deficit and led the winning drive in overtime that was capped with the 2-yard pass to Ertz. The Commanders (11-5) could move up to the sixth seed in the NFC and set up a wild-card round game at Tampa Bay or the Los Angeles Rams if they win their regular-season finale at Dallas next weekend. They otherwise would be seventh and visit division-rival Philadelphia unless Green Bay loses to Chicago. The Falcons (8-8) lost control of their chances of winning the NFC South and ensuring a home playoff game. They now need to beat Carolina and for the Buccaneers to lose to New Orleans to qualify altogether. Atlanta was in control for the first half of the game, gashing Washington’s defense with the running game until abandoning it. Bijan Robinson had 82 yards and two touchdown runs on 13 carries until a minute was left in the second quarter — but had just 8 yards the rest of the way. Penix did his best to try to carry the Falcons back after they fell behind 24-17 late. The eighth pick in the draft made his second professional start and finished a 12-play, 68-yard drive with a touchdown pass to Kyle Pitts to tie it with 1:19 left. A throw from Penix to Drake London drew a pass interference penalty with 2 seconds left in regulation and gave Riley Patterson a chance at a go-ahead field goal. But Patterson's 56-yard attempt fell short as time expired and Atlanta never got the ball back. Penix finished 19 of 35 for 223 yards. Milestones Daniels has 30 combined touchdowns and tied Russell Wilson for the third most by a rookie QB and passed Robert Griffin III for the most yards rushing with 864. ... Ertz became the ninth tight end in league history to eclipse 8,000 yards receiving. ... London had seven catches for 106 yards to reach 1,000 for the first time in his career. Injuries Washington lost starting center Tyler Biadasz to a left ankle injury when he was rolled up on during a running play late in the second quarter that was negated by a holding penalty on left tackle Brandon Coleman. ... Right tackle Cornelius Lucas, filling in for injured starter Andrew Wylie — inactive because of a groin injury — also left with a groin injury. Up next Falcons: Host the Panthers while scoreboard-watching the Saints' game at the Buccaneers. Commanders: Visit the Cowboys with the chance to improve their playoff seeding. AP NFL: https://apnews.com/hub/NFL
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Footage exposes Sydney nightlife realityBank Nifty Today Live Updates on December 30, 2024: At 09:00 Bank Nifty was trading at 51311.3 (0.27%). Today Bank Nifty has been trading in the range of 51628.45 to 51240.1. Nifty futures are at 51724.3 (0.0%) & with an open interest change of -3.49% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.. Bank Nifty Today Live Updates: Resistance & Support levels for Nifty at 09:00 Bank Nifty Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels Bank Nifty price live: Bank Nifty closed at 51170.7 on the last trading day On the last recorded day, the Bank Nifty closed at 51,170.7. This figure reflects the performance of bank stocks in the Indian stock market and serves as an indicator of the overall health and sentiment of the banking sector.
Scientists Built Tiny VR Goggles for MiceIndiana coach Mike Woodson is happy that his team has won three straight games but concerned that it's committing too many turnovers. Limiting miscues is at the top of his wish list for Monday night's Big Ten Conference opener against visiting Minnesota in Bloomington, Ind. While the Hoosiers (7-2) shot 53.8 percent and dominated Miami (Ohio) 46-29 on the glass during a 76-57 win at home Friday night, they also had more turnovers (16) than assists (15). Having played for Bob Knight at Indiana, Woodson is fanatical about his team executing its offense without making mistakes. "We were taking chances on passes that weren't there," Woodson said. "We have to fix it. If we start Big Ten play like that, it puts you in a hole." In between careless mistakes, the Hoosiers got a huge game out of Oumar Ballo, the Arizona transfer who had 14 points, 18 rebounds and six assists. It was his 35th career double-double but his first at Indiana. Ballo (12.7 points per game, 9.3 rebounds) is one of four players averaging double figures for the Hoosiers. They're led by Malik Reneau, who's hitting for 15.4 ppg on 58.9 percent shooting. While Indiana tries to fine-tune its game, the Golden Gophers (6-4, 0-1 Big Ten) aim to get to the .500 mark in conference play after absorbing a 90-72 beating Wednesday night against visiting Michigan State. There was good news for Minnesota in that game. Mike Mitchell Jr. returned to the lineup after missing seven games with a high ankle sprain and drilled 5 of 9 3-pointers in a 17-point performance. Mitchell's shooting should aid an attack that ranks 311th in Division I in 3-point percentage at 29.7 percent as of Sunday. "He's a difference-maker in terms of being able to space the floor," Gophers coach Ben Johnson said of Mitchell. "He provides offensive firepower and a guy who can make shots and take pressure off our offense." Dawson Garcia leads the team at 19 ppg, while Lu'Cye Patterson and Mitchell are scoring 10 ppg. The Hoosiers own a 109-69 lead in the all-time series. --Field Level MediaAustralia’s total advertising revenues are forecast to grow by 6.5% to AUD 30.5 billion in 2025, according to MAGNA’s latest Global Ad Forecast . Digital advertising continues to dominate, with digital media owners projected to generate AUD 23.7 billion—78% of total advertiser budgets—by growing 8.9% year-on-year. Within digital, search remains the largest driver, forecast to grow by 5.2% to AUD 11.1 billion. Social media is the standout performer, set to rise by 17% to AUD 8.9 billion, while digital video revenues are expected to increase by 4.6% to AUD 2.5 billion. This digital growth contrasts starkly with traditional media, where revenues are forecast to decline further in 2025. Linear TV, radio, and publishing are feeling the pinch as audiences and ad dollars continue to shift online. Magna December 2024 ad spend forecasts. MAGNA’s analysis of 2024 reveals strong growth for digital and outdoor advertising but a challenging year for traditional media. Total advertising revenues in 2024 grew by +5.8% to AUD 28.6 billion, driven by a +9.9% increase in digital ad revenues, which reached AUD 21.8 billion. Social media saw standout growth of +18.4% to AUD 7.6 billion, while search climbed +6.5% to AUD 10.6 billion. AI-powered innovations and the rise of retail media played pivotal roles in reallocating ad spend within digital platforms. Outdoor advertising thrived in 2024, buoyed by increased site digitisation, new infrastructure projects, and the rise of retail-focused OOH formats. Meanwhile, traditional media saw revenues fall -3.3% to AUD 6.8 billion. Television revenues dropped -8.4%, marking a tough year for the medium despite robust Olympic viewership. The upcoming Federal election in 2025, expected in March or May, is projected to provide a short-term boost for traditional media. Regional TV is better positioned to capitalise on election spending than metro markets, but MAGNA warns this will not reverse linear TV’s overall decline. As inflation eases back within target ranges and consumer confidence stabilises, MAGNA expects a modest recovery for traditional media in the first half of 2025. However, long-term growth remains concentrated in digital channels. Across the broader APAC region, advertising revenues grew by +7.5% in 2024, reaching USD 289 billion. Digital pure players accounted for the lion’s share of growth, with revenues increasing by +9.7% to USD 221 billion. Traditional media growth was minimal at +1.0%, buoyed by high-profile events like the Paris Olympics. Leigh Terry , CEO of IPG Mediabrands APAC, said: “The future is bright for digital advertising in APAC, with its share of total budgets projected to reach 82% by 2029. Despite economic uncertainties, the market remains stable and poised for growth.” Australia exemplifies this shift, with digital representing 76% of advertising spend in 2024 and set to rise to 82% by 2029. Social media, search, and digital video are driving this growth, underpinned by mobile-first strategies and new premium entrants in video. As Australia’s advertising market transitions into 2025, the focus will be on adapting to digital innovations, sustaining growth in social media, and navigating the shifting sands of traditional media. While digital continues to set the pace, challenges remain in ensuring measurement and ROI for platforms and advertisers alike. With a Federal election on the horizon and consumer confidence on the mend, 2025 could offer a mixed bag of opportunities—but one where digital remains firmly in the driver’s seat. Keep on top of the most important media, marketing, and agency news each day with the Mediaweek Morning Report – delivered for free every morning to your inbox.