Zee Music Company, a division of media firm Zee Entertainment Enterprises Ltd (ZEEL), on Friday announced the renewal of its licensing agreement with YouTube and Meta, earlier known as Facebook. The deal with two of the world's largest digital content-streaming companies will allow them to access music content from Zee Music's catalogue of over 11,000 [...]
Growing awareness about mutual funds and the ease of transactions through digital push led Nippon India Mutual Fund's investor accounts to surge to nearly 2 crore at the end of the financial year 2022-23, making it the largest fund house in terms of folio count, its CEO Sundeep Sikka said. The fund house has seen [...]
The Tata Group has come up with an initial public offering (IPO) almost twenty years after its flagship company Tata Consultancy Services (TCS) debuted on the bourses in 2004. It is planning to list Tata Technologies, a unit of carmaker Tata Motors, according to draft papers submitted to the market regulator. Tata Technologies provides engineering [...]
US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said. He said that the electronics industry works like this as first they put a basic set up and then they keep sourcing [...]
India, Japan and France have announced a common platform for talks among creditors to address the debt restructuring programme of Sri Lanka which is grappling with its worst economic crisis. The representatives of the three creditor countries, including Finance Minister Nirmala Sitharaman, held a press briefing on the margins of the annual spring meetings of [...]
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. "... NCLT on April [...]
Hunter Beer’s maker Som Distilleries And Breweries’ shares were in focus as ace investor Dolly Khanna bought a stake in the company. Its shares closed at ₹ 150.65 apiece on Thursday. Dolly Khanna is known for buying the shares of lesser-known small-cap and mid-cap companies. Her portfolio is managed by her husband Rajiv Khanna and [...]
Edvenswa Enterprises Limited shares were locked in the 5 percent upper circuit yesterday at a price of Rs 54.99. In the last 5 trading sessions, the stock has rallied approximately 27 percent ranging from Rs 43.22 to the current price level. Such a movement in the stock price was noticed after Ace Investor Porinju Veliyath [...]
Tata Motors on Friday said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement. This will be the second price hike by the company for [...]
Union minister Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. "There is no truth in it (shortage of dairy products). No import will take place," Rupala, who is incharge of ministry of [...]
With a market capitalization of ₹ 513 crores, Goyal Aluminiums Ltd is a microcap stock. The company is engaged in diversified business activities including providing metal trading services, aluminium sheets and other aluminium products, cotton fabrics, printing machines, glass and so on. The company’s shares clocked a fresh 52-week high of ₹ 362.90 apiece on [...]
Akshata Murty, the wife of Britain's Prime Minister Rishi Sunak, stands to earn Rs 68.17 crore in dividend income from her shareholding in India's second-largest IT firm Infosys. Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares of Infosys at the end of December, according to company filings with the stock exchanges. Infosys [...]
Inflows into mutual funds grew almost 7 per cent to Rs 40.05 lakh crore in FY23 from Rs 37.70 lakh crore during trailing previous 12 months despite the muted performance of the broader market. According to the data released by the mutual funds body Amfi on Thursday, the industry's net AUM (Assets Under Management) rose [...]
More than 71 per cent of people surveyed are worried about potential layoffs due to market inflation, while 36 per cent believe over-hiring is the reason for attrition, a report said on Thursday. According to a report by HR solutions provider Genius Consultants, 30 per cent of the respondents said that cost-cutting is the reason [...]
Haryana Agriculture Minister J P Dalal on Thursday said that farmers will be given compensation in May for crop damage caused by recent unseasonal rains and hailstorms in various parts of the state. Targeting opposition parties, mainly Congress, he said they should stop misleading farmers and claimed that the BJP-led government was "pro-farmer" which always [...]
The country's exports rose by about 6 per cent to a record USD 447.46 billion during 2022-23 on account of healthy growth in the outbound shipments from sectors like petroleum, pharma and chemicals, according to the government data. Service exports grew by 26.8 per cent to an all-time high of USD 322.72 billion in 2022-23 [...]
Iran on Thursday pitched for joint manufacturing activities with India across industries, saying there are a lot of opportunities for the two countries. Iran's Deputy Foreign Minister for Economic Relation Mehdi Safari also sounded hopeful of an enhanced bilateral trade with India this year. "There are a lot of opportunities... (that) they have in the [...]
India’s growth rate has been modestly downgraded from 6.1 per cent to 5.9 per cent for the current fiscal mainly because of the slowness of domestic consumption and data revision, according to a top IMF official. The International Monetary Fund (IMF) on Tuesday lowered India’s economic growth projection for the current fiscal to 5.9 per [...]
Leading broadcaster Viacom18 on Thursday said it has completed the transaction for strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global. Following the approval of the scheme of merger of Reliance Storage Ltd with Viacom18 by the Mumbai bench of the National Company Law Tribunal, the broadcaster has allotted shares to Bodhi Tree Systems [...]
British Prime Minister Rishi Sunak spoke to Prime Minister Narendra Modi on Thursday and agreed to expedite progress to resolve "outstanding issues" in the India-UK free trade agreement (FTA) negotiations. The phone call came against the backdrop of a media report earlier this week that claimed that India had halted the FTA negotiations with the [...]
