Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.
Mumbai: Zee Entertainment Enterprises Ltd on Wednesday took legal actions by filing petitions with the National Company Law Tribunal in Mumbai and initiating proceedings at the Singapore International Arbitration Centre after Sony's termination of a $10-billion merger deal, media reports said.
Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.
The traditional 'halwa ceremony', marking the final stage in the preparation ahead of the interim Union Budget 2024 presentation, was held on Wednesday evening at the Union Finance Ministry headquarters at North Block in Delhi.
Gainwell Group, through its group entity- Indocrest Defence Solutions Private Limited (IDSPL), on Wednesday acquired a dominant stake in infra equipment manufacturer TIL (formerly Tractors India) Limited.
The Competition Commission of India (CCI) has approved the acquisition of up to approximately 38 percent of the share capital of MG Motor India Private Limited by JSW Ventures Singapore Pte. Limited.
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank Limited (Fincare) and AU Small Finance Bank Limited (AU).
Public sector Indian Overseas Bank on Wednesday reported 30.27% year-on-year rise in net profit at Rs 723 crore for October-December quarter (Q3) of the current financial year 2023-24.
New Delhi/UNI: Private sector lender Axis Bank on Tuesday reported a 4% year-on-year rise in profit at Rs 6,071 crores for the October-December quarter (Q3) of the current financial year 2023-24.
New Delhi: The Central government has planned to implement over 200 projects worth Rs 1.25 lakh crore in the next five years under its National Ropeways Development Programme ‘Parvatmala Pariyojana’, Road Transport and Highways Minister Nitin Gadkari said on Tuesday.
Oxford (UK): The University of Oxford terminated its agreement with Tata Consultancy Services iON, media reports said.
Mumbai: Tata Group-owned Indian Hotels Company (IHCL) Tuesday announced the signing of a third hotel in Ayodhya, Uttar Pradesh, the company said in a press release.
Indian property investors have surpassed Russians to claim the top position as the leading buyers of real estate in Dubai in 2023, a report released by a real estate company has revealed.
Kolkata: Volvo Car India has reached the milestone of producing ten thousand cars in India at its Bangalore facility, the company said.
New Delhi: The Competition Commission of India (CCI) has green-lit the proposed acquisition of up to 38 percent of MG Motor India by the JSW Group, led by Sajjan Jindal.
Mumbai: Telecom company Bharti Airtel on Tuesday said it has made a substantial financial move by making an advance payment of Rs 8,325 crores to the Department of Telecom (Government of India).
Prime Minister Narendra Modi unveiled the 'Pradhan Mantri Suryodaya Yojana,' a programme aimed at offering rooftop solar panels to consumers.
Chennai: The Tamil Nadu government on Tuesday announced that the American manufacturer of Gorilla Glass, Corning, has committed to investing Rs 1,000 crore to produce front cover glass for mobile phones, catering to phone parts manufacturers in India.
After two years of stalled negotiations, Japan’s Sony Corp officially called off its planned $10 billion merger between its Indian subsidiary and Zee Entertainment Enterprises Ltd. (ZEEL) on Monday (January 22), media reports said.
The BSE Sensex on Tuesday tanked 1053.10 pts to settle at 70,370.55 as heavy selling was witnessed in Realty, Metal, Oil and Gas and Financial Services stocks despite positive global cues.
Ayodhya/IBNS: Zee Entertainment Enterprises Ltd (ZEEL) boss Punit Goenka Monday informed that a merger effort of his company with Japan's Sony Group Corp has fallen through while attending the Ram temple consecration ceremony in Uttar Pradesh's Ayodhya.
Mumbai: IDFC First Bank, a private sector lender, announced a net profit of Rs 715.68 crore for the October-December quarter of the financial year 2023-24, growing 18.37 percent from Rs 605 crore in the corresponding period of the previous year.
Mumbai: The state-run Union Bank of India Saturday declared a 60 percent increase in its standalone net profit, reaching Rs 3,589.91 crore for the third fiscal quarter.
New Delhi/UNI: Indian pump manufacturing company Kirloskar Brothers Limited (KBL) has contributed over 100 pumps to the construction of the Shri Ram Temple in Ayodhya.
Private lender Kotak Mahindra Bank on Saturday reported 7.63% year-on-year jump in standalone net profit to Rs 3,005 crore for the October-December quarter (Q3) of the current financial year 2023-24.
Thrissur (Kerala): Private sector lender South Indian Bank reported a net profit Rs 305.36 crore in Q3 FY 24, demonstrating a remarkable surge of 197.19% from Rs 102.75 crore in Q3 FY 23.
Mumbai: Central Depository Services (India) Limited (CDSL), Asia's first listed depository, has launched two unique multi-lingual initiatives for ease of doing business for investors.
Hyderabad: Airbus has signed a service contract with Heligo Charter Private Limited for six Airbus H145 helicopters.
Hyderabad/UNI: Tata Advanced Systems Ltd. (TASL), a wholly owned subsidiary of Tata Sons, on Friday announced it has signed a contract with Boeing Commercial Aeroplanes (BCA) to manufacture and supply advanced composite assemblies for the Boeing 737 MAX, 777X, and 787 Dreamliner.
Mumbai: Jio Platforms Ltd, the parent company of India's largest mobile phone operator, reported a growth of 11.6 percent in its fiscal third-quarter profit compared to the previous year, reaching Rs 5,445 crore, primarily driven by a significant increase in subscribers.
