Shares of Zee Entertainment Enterprises Ltd (ZEEL) tumbled 12 per cent in the mid-session trade on Wednesday amid reports of capital market regulator Sebi has unearthed a financial discrepancy exceeding USD 241 million (nearly Rs 2,000 crore) in the accounts of the company. The stock of the company nosedived 11.58 per cent to Rs 170.65 apiece on the BSE. ZEEL shares plunged 11.39 per cent to Rs 170.70 per piece on the NSE.
Apparel company S Kumars Nationwide and its overseas partner Emerisque Brands have emerged as potential bidders to take over Hartmarx Corp, the city-based maker of President Barack Obama's suits.
Bose Corporation India Private Ltd, subsidiary of leading audio systems manufacturer Bose Corporation of US, would double the number of its retail outlets in the next 18 to 24 months as part of its plans on retailing its products in India through its
'Five months after the elections in February 2024, the Pakistan army has not been able to break Imran Khan's resolve and break his political party.'
Indian two-wheeler giant Hero MotoCorp Limited (HMCL) was on Monday named the title sponsor for the men's and women's hockey London Olympic qualification tournament, the first of which will be held in Delhi from February 18 to 26. The qualifiers, titled 'Hero FIH Road to London', will be played at the Major Dhyanchand Hockey National Stadium.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
China and India have made 'positive progress' to resolve the border standoff, with both sides maintaining close communication through diplomatic and military channels, a senior foreign ministry official said in Beijing on Friday.
The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024. "A total of 11 firms have been granted approval under the EMPS, with several more under consideration," informed a senior official of the ministry to Business Standard. The scheme aims to sustain the growth in EV sales, replacing the Faster Adoption and Manufacturing of Electric Vehicles - II (FAME-II) scheme.
On December 16 last year, Hero Honda informed the stock markets that the partnership was over and Honda would soon exit the company.
Raheja's IT SEZ planned at Verna industrial estate had faced stern opposition from the locals and the state government even after it was notified by the Union commerce ministry's board of approval. The state government has written to the Union commerce ministry seeking to denotify Raheja's SEZ along with two others.
The 75th Republic Day celebrations at Kartavya Path on Friday showcased India's rich cultural diversity, military prowess, and 'Nari Shakti'.
Chip giant Qualcomm chief executive Cristiano R Amon and billionaire Gautam Adani on Monday discussed role of AI, semiconductors and edge appliances across markets in the fast changing global technology space. The two leaders met in Mumbai on Monday morning to discuss India's potential around semiconductors, AI and mobility, according to a social media post by Adani. While Qualcomm is big on designing and manufacturing semiconductors and wireless telecommunications products, Adani group had in 2022 bought a small quantity of fifth generation or 5G spectrum for private captive network deployment in ports, logistics and power generation among others.
The first batch of 100 Agniveer women personnel undergo training at the Corps of Military Police in Bengaluru.
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year.
The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
India on Monday pressed for early disengagement of troops in remaining friction points in eastern Ladakh during a fresh round of high-level military talks with China, people familiar with the matter said.
The National Company Law Tribunal (NCLT) on Tuesday admitted a fresh petition filed by a Zee Entertainment Enterprises Ltd shareholder seeking enforcement of the now-cancelled merger deal between ZEEL and Sony. The Mumbai bench of NCLT also directed Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks and fixed the next date of hearing on March 12. On January 21, Sony Group Corp (SGC), the Japanese parent company of Sony Picture Network India (SPNI) and BEPL, announced the termination of the $10 billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
China said that "sound and stable ties" serve the common interests of China and India.
'They will continue to keep pricking at places where both of us are sensitive and keep the LAC alive.'
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year.
Suspected terrorists fired upon a convoy of vehicles carrying security personnel in the Poonch district of Jammu and Kashmir on Friday evening, prompting security forces to launch a search operation, officials said.
Mehta said some bushes were there on the ground which have been cleared and some branches were trimmed so that vehicles could pass on an approach road there.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
Security and defence experts have called for immediate strengthening of the security management and intelligence network along the Line of Control (LoC) in Jammu region, which witnessed the killing of 59 people, including 24 security personnel and 28 terrorists, in terror incidents this year.
'The Kuki-Zo are aware of this rich resource in their areas and feel the Meitei push for ST status is because of this reason'.
Whether Rajeev Chandrasekhar wins or not, Thiruvananthapuram will likely never see such an interesting contest again.
The key meeting was held in Beijing on March 27, the MEA said in a statement.
The last meeting between the two sides at the Corps Commander level was held in December last year.
Corporation Bank has decided to slash interest rates on home, car and educational loans with effect from September 1 for a three-month period.
America's Federal Bureau of Investigation has started inquiry into allegations that media mogul Rupert Murdoch's News Corp tried to hack into the phones of 9/11 terror attack victims, media reports have said.
Idan Amedi, 35, was fighting as an IDF reservist. He was airlifted to a hospital on Monday where he was sedated and received treatment.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
This is the fourth incident since the commencement of the conflict in Manipur wherein soldiers while on leave, on duty or their relatives have been targeted for nefarious interests by inimical elements.
Colonel Mandeep Virdi becomes the first lady officer to take over the prestigious command of No 1 Training Battalion (AT), the Army Service Corps Centre (North)'s premier training establishment.
At the current market price of the stock, that stake would be valued at about $1.5 billion.
The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. The manufacturing policy cuts Customs duty to 15 per cent, given a minimum investment commitment. It calls for a minimum investment of Rs 4,150 crore (about $500 million) for making electric four wheelers (e-4Ws), with manufacturing to commence within three years of approval.
A search operation to track down the fleeing terrorists continues near the scene of the ambush, while mobile internet services remained suspended in the twin districts for the second day on Sunday, they said.
