Nasper-backed fintech firm PayU has started talks to acquire domestic payment gateway major BillDesk, and the deal size could be in the range of $3-4 billion, sources in the know said. "BillDesk has been open to being acquired for some time now, but in the past the valuations that the company was seeking proved to be a hurdle," said a source. "Three years ago too, PayU had approached BillDesk for an acquisition, but things didn't go ahead due to high valuations. "BillDesk had asked for $2-billion value then," said the source.
Puneet Goenka's ability to stay calm is probably what helped Zee rise from a down-in-the-dumps broadcaster into one of the largest, steadiest and most profitable media companies in India, reports Vanita Kohli-Khandekar.
We got the same Diwali bonuses. We ate together. We carried equipment together on shoots. And when the odd reporter tried to throw her weight around and leave the camera person to carry bags of equipment, cables, the camera and tripod down the stairs and to the shoot location, Prannoy would step in, take the tripod off the shoulders of the colleague silently, lightening the load, recalls Revati Laul.
The country will host the first ever live NBA match in October this year
Invesco, the single largest shareholder of Zee Entertainment Enterprises Ltd (ZEEL), on Wednesday said it had tried to facilitate a possible deal between Reliance and the company but refuted claims it had pushed for the transaction at a lower valuation. The latest statement from Invesco comes a day after ZEEL chief Punit Goenka told the company's board that Invesco had come with a proposal in February for a merger with certain entities owned by a large Indian group (Strategic Group) with inflated valuation "by at least Rs 10,000 crore". In a statement on Wednesday, Invesco mentioned that Reliance was the large Indian group.
Pakistanis have been left without their daily fix of Indian soap operas and Bollywood movies after cable operators across the country stopped beaming Indian entertainment channels on the orders of a media regulatory body.Leading Indian entertainment channels of Star and Sony networks have disappeared from cable networks across the country while several international news channels like BBC and CNN are no longer being beamed in some parts of Pakistan for the past few days.
Online cab network company Ola has launched the 'Road to Gold' campaign under which its customers can contribute a sum of Re.1 per ride across the over 110 cities it operates in, a press release stated.
From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
Verma, who was born in India, grew up in Ohio and the Central Valley of California. She served as an audience development and content strategist on the Biden-Harris campaign, the transition team said on Thursday.
'Hot Mess Holiday airs on December 11 -- it's a really fun story.'
Metro rail services may be allowed from September 1 when the 'Unlock 4' phase in the graded reopening from the coronavirus-induced lockdown begins, but schools and colleges will not reopen immediately, an official said.
Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw announced a delay in the 5G spectrum auction. India's telecom sector regulation has to be benchmarked with the global best, he said. It's another matter that many countries have either introduced or are about to roll out 5G services that will enable cutting-edge tech in diverse areas. For India, too, it will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps.
If you are an expert in programming languages, statistics and algebra, then a career in AI and ML is worth a shot in 2021.
'My legal battle is no longer about Mr India. It is about directors's rights over their films.'
With the acquisition of Hotstar, Disney gets immediate access to the OTT market.
India will have 1 billion smartphone users by 2026 with rural areas driving the sale of internet-enabled phones, a Deloitte study said on Tuesday. India had 1.2 billion mobile subscribers in 2021, of which about 750 million are smartphone users. It is poised to be the second-largest smartphone manufacturer in the next five years. "The smartphone market is expected to reach 1 billion smartphone users by 2026," according to Deloitte's 2022 Global TMT (Technology, Media and Entertainment, Telecom) predictions.
Keep your tweets informative and entertaining such that it stands out from the rest, says Dr Ranjit Nair.
Novak Djokovic blamed "human error" on Wednesday for a mistake in his Australian immigration paperwork and apologised for breaking isolation for a photoshoot when he had COVID-19 last month.
COAI sid the huge volume of traffic from RJio will pull down the weighted average voice realisation for other operators from 30-40 paise to 22-25 paise per minute or lower
The broadcaster will run promotional activities across its entertainment and sports networks in the run-up to the series and roll out special initiatives to make the event larger than life.
Trailers are key to the way an audience perceives a movie and hence a big part of the lifecycle of a movie.
Do not click on any pop-ups, links in messages or notification balloons if you are off the corporate VPN, warns Niranjankumar Laxman Upadhye.
GST mop-up likely to fall in May, June after touching record levels in April and March.
A bench of justices D Y Chandrachud and M R Shah said the high court order of May 5 is a well calibrated, deliberated and judicious exercise of power".
In a major expansion into sportswear and lifestyle wear segment, the Kumar Mangalam Birla-led Aditya Birla Fashion & Retail has signed a long-term licensing agreement with Authentic Brand Group of New York, which has the marketing and branding rights of Reebok, to run the operations of the global sportswear, athletic and lifestyle major in the country and ASEAN markets. The new agreement between the largest domestic multi-brand fashion retailer and Authentic Brand is an extension of their existing relationship as ABFRL already markets and sells some ABG brands like Forever 21. The agreement follows the global transfer of ownership of the Reebok brand from Adidas to ABG, which is expected to close in the first quarter of 2022.
Veteran American wrestler The Undertaker announced his retirement from the World Wrestling Entertainment (WWE) stating that he no longer has the desire to get back into the ring. A seven-time WWE champion, announced his retirement in the final episode of the WWE Network docu-series The Last Ride.
JioFiber, India's first 100 per cent all-fiber broadband service, will start from 100 Mbps and go all the way up to 1 Gbps. This will propel India to top 5 broadband nations globally.
Anil Ambani-led Reliance Broadcast Network Ltd (RBNL) today announced its foray into the regional television space with the launch of its Hindi entertainment channel - Big Magic. The channel, which will be targeted at the core Hindi heartland, will be launched on April 4.
By becoming associate sponsor, STAR Plus brand will get assured mileage on broadcaster SET Max.
The Mumbai police has registered a case in the TRP scam and summoned Republic TV's chief financial officer S Sundaram for investigation.
Its trajectory in telecom is well known but now it is pushing for a similar leap into the ranks of the top players in its other businesses: media and entertainment, e-commerce, a series of online businesses ranging from health to education, and retail.
The focus was on the role that the media and entertainment industry can play in development and generation of employment opportunities in India
With a team of 20-odd people, Snafu tries to unearth the rough diamonds from millions of songs. Can AI help look for a needle in a haystack? Ritwik Sharma finds out.
Both its short video-sharing apps have ranked as the top two breakout social apps of 2019 in India.
America has never in its history before had a female President and Vice President so it remains to be seen what formal title -- 'Second Gentleman, Second Husband' -- will be given to the first male spouse of an elected leader.
The high court said he has a choice to make and asked him to delete his FB account as the policy to ban the use of social networking platforms for army personnel was taken keeping in view the security of the nation.
RTL is part of Europe's largest media firm, Bertelsmann AG, and has a market cap of $15.5 billion (Rs 69,900 crore).
Turner International is close to acquiring a controlling stake in entertainment company NDTV Imagine, which runs three entertainment channels.
