FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Disney Star is mulling legal actions against Zee Entertainment for backing out from a $1.4 billion sub-licensing agreement for TV broadcast of international cricket matches in India, according to industry sources. This could brew another legal trouble for Zee Entertainment Enterprises Ltd (ZEEL), which is already facing an arbitration plea by Sony Group at the Singapore International Arbitration Centre, claiming $90 million for breach of conditions of their merger agreement. Disney Star, an Indian subsidiary of media conglomerate The Walt Disney Company, is working on its strategy over the development, said industry sources.
Culver Max Entertainment, formerly known as Sony Pictures Networks India (SPNI), has terminated merger agreements with Zee Entertainment, which could have otherwise created a USD 10 billion media enterprise in the country.
BSE market breadth was positive. Out of 2,972 stocks traded, 1,203 shares advanced while 986 shared declined in trades.
Sony Picture Network India (SPNI) management is committed to long-term growth in India and the company will actively explore new organic and inorganic possibilities to strengthen its presence in the country, company managing director and CEO, NP Singh told employees. In a letter, two-days after the calling off of the $10 billion merger deal with Zee Entertainment, he asked employees to focus on current projects, with an immediate goal to unleash the company's full potential, continuing to craft content that not only engages audiences but also boosts subscriber growth and revenues. "As we close the chapter on our proposed merger with ZEEL (Zee Entertainment Enterprises Ltd), I want to take a moment to talk to you - not just as your CEO but as someone who has been on this journey with you.
Can Bhavish Aggarwal upend the electric two-wheeler market, which is now overwhelmingly in favour of scooters?
The government on Tuesday approved the draft of India's free trade agreement with Japan, which is likely to be signed during Prime Minister Manmohan Singh's visit to Tokyo later this month.
The garment that is expected to hit Indian market in near future has been specially designed so that it can be cleaned under the shower-head and there is no need for soaking, dry cleaning or even soaping.
The exclusive club that dominates the global semiconductor fab scenario is about to get a new member. Taiwan, South Korea, and China control nearly 70 per cent of the global capacity. SEMI, the global industry body for semiconductor and electronics design and manufacturing, projects all fabs collectively will churn out 30 million wafers a month this year.
The S&P BSE Sensex surged 160 points to close at 25,262.
lobal output returning to its medium-term growth rate of 4 per cent
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
The landmark civil nuclear deal sealed on Friday with Japan is strikingly similar to the agreements India has with the US and some other countries but contains some added features on safety and security, reflecting Japan's concerns on the issue.
Any market correction, analysts say, would be an attractive entry point for risky assets, which should do well over the medium-to-long term.
The products would be marketed and promoted jointly by Nippon Chemiphar and Nihon Pharmaceutical and sold in Japan under the Ranbaxy/Nihon Pharmaceutical Industry Ltd label.
Swift is the highest selling car from the Maruti stable sicne its launch in 2005.
Passenger vehicle major Honda Siel India will launch the new version of premium sedan Accord by the next year.
The first leap towards an organized derivatives market came in 1848, when the Chicago Board of Trade, the largest derivative exchange in the world, was established. Today, equity and commodity derivative markets are rapidly gaining in size in India. In terms of popularity too, these markets are catching on like a forest fire.
Weakness in Infosys, L&T and Hindalco cap index gains.
Premium valuations and lack of big triggers will weigh on Indian equity markets in the near term, believes Mahesh Nandurkar, India Strategist, CLSA.
Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.
HSCI has now appointed Seki Inaba the director (marketing) for the Indian market. Inaba, who takes over from Tatsuya Natsume, will be responsible for marketing, sales and after-sales initiatives of the company in the country.
Opening up India's market to neighbouring countries can be as strategic as access denial to others. The game should be played both ways, even if it upsets domestic business lobbies, observes T N Ninan.
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
Jaitley said a very large number of reforms have taken place over the last few years and that has helped in restoring the credibility of the Indian economy
Imaad Shah's Tuesday's Women, Haoban Paban Kumar's Iron Women of Manipur, Shivam Singh Rajput's Ladakh 470 and Samman Roy's The Exile are among 10 titles to watch out for at the 17th edition of the Film Bazaar.
India is among the top three emerging markets in the wellness economy.
With the opening up of the US and Japanese markets, the Indian mango industry expects Australia and New Zealand, the only two countries which still ban the fruit, to lift import restrictions soon.
Bullish on the Indian market, Japanese consumer durables company Panasonic said on Thursday it was ready to increase investments in the country and line up new products.
'Given that the market is now demanding disciplined growth, well-run companies should be able to demonstrate profitability with the cash on hand.'
News of all that's transpired on and off the football field.
The benchmark indices ended Monday's trading session on a positive note led by rate sensitive shares on hopes that lower inflation would help the central bank ease key policy rates. The Sensex ended higher by 76 points at 17,633 and the 50-share Nifty advanced 27 points to close at 5,348 levels. For the most part of the day, the markets traded in a narrow range.
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
'Manipur is critical to India's Look East policy.' 'It's a strategic state. In the Second World War, the Japanese entered Manipur through Burma.' 'China can use the same direction to approach India.'
