fish logo The AP Top 25 college football poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . MACON, Ga. (AP) — Myles Redding returned an interception 25 yards for a first-quarter touchdown and Whitt Newbauer threw a four-yard touchdown pass to start the fourth quarter as No. 7-seeded Mercer beat No. 10 Rhode Island 17—10 on Saturday. Mercer advances to the FCS semifinals for the first time and will face No. 2 North Dakota State, which beat No. 15 Abilene Christian 51-31. Redding swooped in front of Hunter Helms’ intended receiver for his seventh interception of the season with 3:33 left in the first quarter, tying him with teammate TJ Moore for the most in the nation. Rhode Island got a 17-yard field goal from Ty Groff as time expired in the first half and took the lead late in the third quarter when Helms connected with Marquis Buchanan on a 56-yard touchdown for a 10-7 lead. Senior Dwayne McGee set up two fourth-quarter scores for the Bears, slashing through the right side for a 33-yard gain to give Mercer a first-and-goal at the Rhode Island 10. On third-and-goal from the 4, Newbauer found Adjatay Dabbs for the go-ahead touchdown. After the Bears twice forced the Rams to punt in their own half of the field, McGee ran 40 yards on first down to give Mercer a first down at the Rhode Island 25, setting up a 24-yard Reice Griffith field goal for the game’s final score. McGee finished with 114 yards on 21 carries and CJ Miller added 81 yards on 10 carries for Mercer (11-2), which remained unbeaten in seven home games. RELATED COVERAGE No. 16 Iowa State falls short in Big 12 title game again, this time with CFP at stake Arizona State makes College Football Playoff with 45-19 win over Iowa State in Big 12 title game Ashton Jeanty lets his play do the talking for CFP-bound Boise State Helms finished 22 of 33 passing for 266 yards and Buchanan caught 11 passes for 119 yards to lead Rhode Island (11-3), but the Rams managed just 46 yards on 26 carries on the ground. — 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

Running into the Swiggy IPO, a key point of debate was the difference in growth rate with its close peer Zomato. For example, in Q1 FY25, Zomato’s year-on-year (y-o-y) revenue growth rate at 62 per cent was much stronger than Swiggy’s 34 per cent. The difference was even more stark when one considers the booming quick commerce segment, where Zomato’s 130 per cent growth was way above Swiggy’s 56 per cent. This and the fact that Zomato was running many quarters ahead of Swiggy when it comes to reaching adjusted EBITDA break-even were key factors resulting in Swiggy IPO being priced at a good 50 per cent discount to Zomato’s prevailing EV/Revenue valuation. Also, the somewhat sombre mood of the Street, as indicated by the lukewarm response to Hyundai Motor India’s IPO, was another factor as well. At bl.portfolio, we had recommended investors to subscribe to the IPO despite this differential growth rate as the discounted valuation more than adequately factored for the same. Further, the competition is still in early stages with outcomes wide open. Insights from Q2 results indicate the same as well. On the face of it, Swiggy’s Q2 y-o-y revenue growth at 30 per cent is still much lower than Zomato’s 58 per cent. But looking into the granular details on a quarter-on-quarter (q-o-q) basis (which was not available in the IPO filings), it is clear the growth rates differentials will narrow, going ahead. On a q-o-q basis, Swiggy’s Q2 consolidated revenue growth at 12 per cent is almost on par with Zomato’s 13 per cent. Swiggy’s quick commerce sequential revenue growth at 27 per cent was in fact better than Zomato’s 23 per cent. This implies that although Swiggy’s market share in quick commerce with Q2 gross order value at ₹3,382 crore is lower than Zomato’s ₹6,132 crore, with better sequential growth it has actually gained market share in Q2. If this trend sustains, the y-o-y differential in growth rates will narrow over the next few quarters. This makes it more likely that at some point in time over the next few quarters, markets will take a relook at the wide valuation differential that persists between the two companies. There are other factors too, like, for example, Zomato reached adjusted EBITDA break-even at consolidated level in Q1FY24. Swiggy has now guided to achieving adjusted EBITDA break-even by Q3FY26. This implies Swiggy is 9-10 quarters behind Zomato in profitability. Currently, Swiggy is valued at a trailing EV/Revenue of close to 8 times, while Zomato trades at 17 times. This over 100 per cent premium of Zomato is hard to justify in the current context even after factoring the difference in profitability timelines. Nevertheless, investors must be careful not to interpret this as Swiggy too can scale up to a similar high valuation as that of Zomato. It only indicates that on a relative basis, Swiggy appears a more attractive bet than Zomato. Overall at current levels, Swiggy’s risk-reward appears balanced. IPO investors with long-term perspective can continue to stay invested. New investors can look to accumulate on 10-15 per cent dips. Comments

Senator-Elect Jim Banks of Indiana Announces Hegseth SupportA replacement has been named for ABC host Michael Rowland as approaches. or signup to continue reading ABC television newsreader James Glenday, a former Europe and North America correspondent, is taking on the role after . Sports reporter Catherine Murphy was also named as Tony Armstrong's permanent replacement on December 9 after . Ms Murphy joined the national broadcaster in 2018, after moving from Ireland to Australia more than a decade earlier, and has been a fixture on and . "I'm so excited to join the program on a full-time basis. I've loved working with the team when I've filled in and I'm so excited for 2025," she said. is the only show I'd set my alarm at 3am for. Goodbye midweek social life. I love you so much, but it's time to break up." The ABC team has with only presenters Charles Brice, Emma Rebellato and meteorologist Nate Byrne remaining. Mr Rowland said he "loved working on when he announced his departure on December 2. "Every morning is a buzz and it's by far the best job I've had at the ABC," he said. "But after 15 years of 3am starts my body is screaming 'enough!'. The hours have finally caught up with me." Mr Glenday will join co-host Bridget Brennan on the couch from January 20. The anchors met in 2010 when Mr Glenday started his ABC cadetship in Darwin and the pair have formed a strong bond. "It will be a beautiful thing to present the show with Bridget, a long-time friend and fellow millennial. We're quite different people, but for some inexplicable reason she tolerates my terrible jokes, so we get along well," he said. "The chance to join and take over from Michael Rowland, a beloved colossus of Australian broadcasting, is an offer I couldn't refuse." "ABC is the natural place for the biggest names in Australia to come to share their news and stories. I can't wait to begin work with the very talented team." Anna Houlahan reports on crime and social issues affecting regional and remote Australia in her role as national crime reporter at Australian Community Media (ACM). She was ACM’s Trainee of the Year in 2023 and, aside from reporting on crime, has travelled the country as a journalist for Explore Travel Magazine. Reach out with news or updates to anna.houlahan@austcommunitymedia.com.au Anna Houlahan reports on crime and social issues affecting regional and remote Australia in her role as national crime reporter at Australian Community Media (ACM). She was ACM’s Trainee of the Year in 2023 and, aside from reporting on crime, has travelled the country as a journalist for Explore Travel Magazine. Reach out with news or updates to anna.houlahan@austcommunitymedia.com.au Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . Advertisement

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