Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies’ linear networks, digital assets, production operations, and program libraries.
The lesser than expected correction in Chinese shares is a short term breather for the markets, the report by a team led by Abheek Barua said, adding they continue to remain cautious.
The Indore-based company provides consulting services related to climate change, sustainability, and carbon offsetting.
At 10:15 am, the BSE S&P Sensex was up by 143 points or 0.24 per cent at 59,148 while the Nifty 50 gained by 43 points or 0.24 per cent to 17,605.
Further, Sony Pictures Entertainment, the parent company of Sony Pictures Networks India (SPNI), would invest growth capital so that SPNI has a cash balance of approximately USD 1.575 billion, SPNI said in a statement.
According to the deal, Sony Pictures Entertainment will infuse USD 1.575 billion in the merged entity.
Amazon also faces a probe by India’s fair trade watchdog CCI for alleged anti-competitive practices, predatory pricing, and preferential treatment of sellers.
Through its #PalatDe campaign, Thums Up would showcase the arduous journey of Mohammed Siraj, who despite his humble background and challenges of everyday life, become one of the best bowlers, said a statement.
The surge has been powered by non-WTO compliant subsidies of 20 to 30 per cent provided to their stainless-steel manufacturers by China and Indonesia, which has been proved by the Directorate General of Trade Remedies in India as well as their global counterparts.
The 32-player industry’s net profit last year zoomed to Rs 3,868.77 crore from a net loss of Rs 1,402.53 crore in 2019-20, as per the data released by General Insurance Council.
The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants, an official statement said.
The company shares on BSE flew in the morning hours of trade to hit the 10 per cent circuit levels. On BSE the stick traded at Rs 79.65, up 9.94 per cent as of 1.07 p.m.
The series F round of funding was a mix of equity (USD 340 million) and debt (USD 110 million), a statement said.
Both the benchmark indices have recovered slightly with Sensex rising to 58,859 at 9.53 a.m. while Nifty50 trading at 17,515 points.
The firm announced in July that its electric scooter had received a record-breaking 100,000 reservations within the first 24 hours, making it the most pre-booked scooter in the world.
The Rs 1,283-crore IPO received bids for 13,88,39,000 shares against 1,21,09,166 shares on offer, according to data available with the BSE.
The price hike has been necessitated to offset the impact of steadily increasing commodity prices, the company said in a statement.
Accordingly, both key indices – S&P BSE Sensex and NSE Nifty50 — made new record highs. The Sensex crossed the 59,000 mark, while Nifty breached the 17,500 level.
The discussion was part of a series of events organised under the Women, Work, and the Gig Economy project supported by the International Development Research Centre (IDRC, Canada).
The three-day initial public offering (IPO) will open for subscription on September 21 and conclude on September 23, the company said in a statement.
The stock zoomed 17.58 per cent to Rs 10.50 on the BSE. At the NSE, it rallied 19.55 per cent to Rs 10.70.
The company will build, own, operate and maintain the transmission project in the state for a period of 35 years.
Mittal congratulated and thanked the government for undertaking these seminal reforms to lift an industry that is at the core of his Digital India vision.
The Walmart-owned company has also bolstered its last-mile delivery capabilities by adding more than 1,000 delivery hubs, while also expanding its partnership with kiranas.
The Reserve Bank of India had banned Mastercard from issuing any new cards on July 14 this year for not complying with data localisation requirements.