Sony Pictures Networks India (SPNI) released a statement addressing ZEE’s recent request for an extension of the December 21, 2023 deadline for their proposed merger. SPNI highlighted that ZEE’s notice to the Bombay Stock Exchange and the National Stock Exchange of India, dated December 17, acknowledges their inability to meet the impending merger deadline. The … Read more
Tata Group is planning to construct a substantial iPhone assembly plant in Hosur, Tamil Nadu, as part of its collaboration with Apple Inc. This plant, intended to be one of India’s largest, is expected to feature around 20 assembly lines and potentially employ up to 50,000 workers within the next two years, although these plans … Read more
In another day of market activity, the indices continued their upward momentum, marking a nearly 1% gain. The Nifty, after an initial surge, held within a certain range for the majority of the session, settling near the day’s peak at 20,855.10 levels. A mix of trends within various sectors kept traders engaged, with energy, metal, … Read more
In November, the manufacturing sector in India showed signs of recovery, rebounding slightly from the previous month’s low pace. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI), adjusted for seasonal variations, increased from 55.5 to 56, signaling a marginal improvement. Despite this, the positive sentiment among companies dipped to its lowest level in seven … Read more
Flair Writing Industries made an impressive market debut by listing on stock exchanges at a striking 66% premium above its initial public offering (IPO) price, following the trend set by Tata Technologies and Gandhar Oil Refinery. The stock commenced trading at Rs 501 on the NSE and Rs 503 on the BSE, a substantial rise … Read more
The collective market capitalization of companies listed on the Bombay Stock Exchange (BSE) has soared to a historic high, surpassing the $4 trillion mark as of November 29. This milestone represents an upward surge of over $600 billion since the beginning of this year, illustrating the sustained upward trajectory of Indian equities. The total market … Read more
RDS Digital, a prominent integrated marketing firm, is embarking on a groundbreaking journey to reshape the digital landscape. Operating under the theme “You grow, We Grow,” the company is dedicated to nurturing growth and innovation. Its strategic expansion blueprint includes venturing into Canada and the Middle East, extending support to content creators seeking investment avenues … Read more
The International Energy Agency (IEA) is challenging the prevailing belief within the oil and gas sector that carbon capture technology holds the key to addressing climate change. In a statement released ahead of the United Nations Climate Change Conference in Dubai, Fatih Birol, the Executive Director of the IEA, emphasized the need for the industry … Read more
Sending money abroad involves considerations beyond domestic transactions, necessitating an awareness of regulations and documentation to ensure the funds are utilized legally and safely. Unlike local transactions, international money transfers are subject to specific rules to prevent misuse and guarantee secure reception. One crucial aspect to bear in mind is the Liberalised Remittance Scheme (LRS). … Read more
Office space leasing in six major Indian cities experienced a 2% uptick, reaching 13.2 million square feet during the July-September period, as reported by Colliers India. This surge was primarily fueled by a substantial increase in demand in Hyderabad. Colliers India, a real estate consultant, released key data for the third quarter of the 2023 … Read more