ZEEL-Sony Pictures: Mega merger to create India's biggest entertainment entity is a win-win for shareholders

The mega merger of Zee Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India (SPNI), will create the largest player in Indian entertainment and will be a win-win situation for…

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Mega Merger: Punit Goenka to remain CEO and MD of ZEEL-Sony Pictures Networks India merged entity

“It  is  an  integral  part of  the  proposed merger that Mr Punit Goenka continues to be the Managing Director and CEO of the merged entity,” the companies said in a press release. 
 

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ZEEL board gives go-ahead for merger with Sony Pictures Networks India

Punit Goenka will continue to be the CEO and MD of the merged entity. 

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China's crisis-hit Evergrande says deal has been reached to avoid default

It is feared that Evergrande crisis would spill over to global economy and start a fresh financial crisis

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Goldman Sachs says India could surpass the UK as the world’s 5th largest stock market by 2024

India's share market capitalization is expected to rise to $5 trillion by 2024 from the current $3.5 trillion, catapulting the nation to the world's fifth-biggest market, according to Goldman…

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Private firm TATA to make 40 out of 56 transport aircraft for Indian Air Force

According to the government, the project will enhance India's aerospace ecosystem by involving various MSMEs from throughout the country in the production of aeroplane parts.

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Kim Kardashian faces flak for promoting untested crypto currency

Kim Kardashian did not really make an informed choice as she volunteered to promote an untested crypto currency, facing slak from the head of UK's Financial Conduct Authority (FCA).

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China's Alibaba promises $15.5 billion for anti-poverty work

Alibaba said it will invest in 10 projects for job creation, "care for vulnerable groups" and technology innovation. Its 100 billion yuan ($15.5 billion) pledge includes 20 billion yuan ($12.5…

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India added three 'unicorns' per month in 2021: Hurun report

Hurun said the number of gazelles, which are valued over $500 million can turn unicorn in two years, was pegged at 32, while there are 54 cheetahs commanding a tag of over $200 million, who can…

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Amazon to hire 55,000 people in a big recruitment push

Amazon's recruitment headcount alone is more than a third of Google's as of June 30 and is close to all of Facebook's

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Western Union is restarting money transfer services to Afghanistan

Remittances from Afghans living abroad are crucial for the impoverished country's economy and amounted to almost $789 billion last year, according to the World Bank.

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Elon Musk blasts Jeff Bezos, says filing lawsuits against SpaceX is his full time job

Elon Musk and Jeff Bezos have been engaged in a simmering rivalry over the last 15 years. Both Bezos and Musk are vying against each other to win Nasa's moon lander contract.

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Indian Stock market closes at record high: Sensex soars 765.04 points to fresh closing peak

BSE Sensex and Nifty 50 posted record closing highs on Monday, supported by broad-based buying in blue-chip counters. The 30-share Sensex surged 765 points or 1.36 per cent to 56,889.76, and Nifty…

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Now, Tesla CEO Elon Musk signals competition concerns over Nvidia-Arm deal: Report 

Nvidia Corp's planned purchase of British chip designer Arm seems to have…

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Apple's Tim Cook gets $750mn bonus payout

The bonus reflects a stock option plan implemented in 2011 when Cook took over as CEO from Steve Jobs shortly before the Apple co-founder's death

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