ZEE Entertainment Enterprises Ltd on Friday said its MD & CEO Punit Goenka has initiated a process of rationalisation of workforce by 15 per cent to prune staff strength across the company. In a regulatory filing, ZEE Entertainment Enterprises Ltd (ZEEL) said Goenka has proposed a lean organisation structure to the board with a lateral structure while identifying broadcast, digital, movies and music as core business units. "In line with his overall strategic approach, the MD & CEO has initiated the process of rationalisation of the workforce by 15 per cent, that will prune the staff strength across the company to arrive at a streamlined team that is sharply focused on the set goals for the future," the company said.
The political heat in West Bengal has been giving the rising mercury levels serious competition since the high court order.
The Bharatiya Janata Party in Arunachal Pradesh has urged the union home affairs ministry to pay special attention and expedite 'action-oriented' measures to build defence infrastructure in the state.
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
'The biggest festival of democracy is here! EC has announced the 2024 Lok Sabha election dates. We, the BJP-NDA, are fully prepared for elections'
These funds can fetch double-digit returns over the long term which debt tax-saving products can't.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
'We emphasise the importance of not basing investment decisions solely on electoral outcomes.' 'Instead, focusing on investing in high-quality businesses capable of prospering regardless of the political landscape is paramount.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Oriental Bank of Commerce has posted a net profit of Rs 1215.70 million for the quarter ended December 31, 2002 as compared to Rs 857.40 million in the quarter ended December 31, 2001.
As a prudent investor who wants to create a portfolio that will help you achieve your investment objective in a time-bound manner, Suren Kochhar explains what you should know.
Over the last five days, Modi visited all of south, held roadshows, made an aggressive bid for his party, and took on the rivals with full gusto, especially the ruling Dravida Munnetra Kazhagam in Tamil Nadu, and the Bharat Rashtra Samithi in Telangana that was in power for 10 years.
'The present case is a classic case of how the ruling party led central government has misused the central agency- Enforcement Directorate and its wide powers under PMLA to crush its biggest political opponent -Aam Aadmi Party and its leaders'
'it's not just youth in India who are left behind because of their inability to find jobs; nearly two-thirds of Indian women of working ages do not participate at all in the paid labour force.'
Asian American Hotel Owners Association (AAHOA) in a statement said America's hotel owners are deeply saddened, shocked, and outraged by this senseless act of violence against a small business owner that cost him his life.
Meanwhile, the Congress and RSP whole-heartedly backed the Kollam MP.
From April 1, when we buy insurance for a car or take out a health cover, insurance companies can offer a product totally customised for us.
In a surprise development, a top Chinese military general has cast aspersions on the People's Liberation Army (PLA)'s much-publicised 'real combat-oriented exercises' as 'fake combat capabilities' at a time when Chinese President Xi Jinping has ordered it to prepare for 'maritime military struggles' to win wars.
India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 per cent annually in fiscal years 2024-2026, S&P Global Ratings said on Thursday. In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices. Interest rates in India are unlikely to rise materially, and this should limit the risk for the banking industry, it added.
"The receiver is kept on. Hoping for a successful awakening for another set of assignments! Else, it will forever stay there as India's lunar ambassador," it said.
'Not many films have a reference to a creature who talks, emotes, acts in a film. And Munjya is doing all of it.
rediffGURU Mayank Chandel offers advice to students preparing for IIT-JEE and NEET-UG after class 12.
Gujarat Titans pace bowler Mohit Sharma conceded it was hard to replace a bowler of the calibre of Mohammed Shami as his team succumbed to a massive 63-run defeat at the hands of reigning IPL champions Chennai Super Kings in Chennai.
Aahana-Karisma make new friends... Divya takes a taxi ride... Nia goes bungee-jumping...
Directing the Centre, states and Union Territories (UTs) to ensure the queer community is not discriminated against, the CJI, who is heading the constitution bench, said queer is a natural phenomenon known for ages and is neither urban nor elitist.
Over 85 per cent of SIP AUM, or Rs 5.8 trillion, is in equity schemes, compared to just Rs 6,100 crore in debt.
The steady inflows from systematic investment plans (SIPs) into mutual funds (MFs), coupled with outflows from debt schemes, has propelled the share of SIPs in the total assets being managed by the industry to a new high of 17.1 per cent in February. SIPs are used predominantly by retail investors. Nearly seven of every 10 SIP accounts are in equity-oriented active MF schemes.
'We will continue to build new engines of growth in terms of innovations, enter newer categories, and look at newer propositions.'
China is also ready to promote high-quality Belt and Road Initiative cooperation, and push for new progress in the future-oriented, all-round friendly and cooperative partnership between the two countries, she added.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
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The creation of the High Level Political Forum was one of the key decisions of the Rio+20 Conference.
Zoram People's Movement (ZPM) leader Lalduhoma was sworn in as the chief minister of Mizoram on Friday.
India's first male ballet dancer began learning the dance form at the advanced age of 19. Eleven years later, his passion for ballet continues to shine brightly.
Tiring to see Tiger dash from one dumb action sequence to the other, sighs Mayur Sanap.
A popular Chinese green like bok choy does very well in soup too.
'People started noticing me again. OTT is a good platform for serious actors. In the olden days, unless you are the heroine, actors would have screen deaths. But now, there are so many good roles for women.'
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
