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Zee’s stock valuation will likely de-rate: CLSA

Jan 23, 2024

New Delhi, Jan 22 (IANS) Zee Entertainment’s (Zee) proposed merger with Sony after required regulatory and shareholder approvals has been called off.With the merger terminated, Zee’s valuation will likely decline to 12x PE levels (Aug-21) seen prior to the merger announcement, foreign brokerage CLSA said in a report.The stock had de-rated in the…

InterGlobe Enterprises appoints Aditya Pande as Group Chief Executive Officer

Jan 22, 2024

New Delhi, Jan 22 (IANS) InterGlobe Enterprises on Monday announced the appointment of Aditya Pande as its Group Chief Executive Officer, with effect from March 1, 2024.“With the exception of IndiGo, Aditya will have overall responsibility…

Business

Ram Mandir in Ayodhya to attract 5 crore tourists every year: Jeffries report

Jan 22, 2024

New Delhi, Jan 22 (IANS) Ram Mandir in Ayodhya is expected to have a big economic impact in the region as tourism is projected to surge to 5 crore visitors every year to the holy town, according to global brokerage firm Jeffries."The grand…

Business

Worst start to a year for Chinese stocks since 2016

Jan 22, 2024

London, Jan 22 (IANS) China’s stock market had a rough 2023 and the rout has accelerated in the first few weeks of the New Year, after Beijing dashed hopes that it might do more to support the struggling economy, a media report said.Hong…

Business

Coforge’s net profit up over 31% in Q3 FY24, revenue at Rs 2,323 cr

Jan 22, 2024

New Delhi, Jan 22 (IANS) Digital services and solutions provider Coforge on Monday registered a 31.5 per cent growth in consolidated net profit in the third quarter (Q3) of FY24.The company's revenue for the quarter was Rs 2,323 crore, a…

Business

Coal import by power plants declines 40.66% in April-Dec as local production rises

Jan 22, 2024

New Delhi, Jan 22 (IANS) The country’s power generation based on domestic coal increased by 7.14 per cent to 872 billion units during April-December of the current financial year, compared to 813.9 billion units generated in the same period…

Business

Udaan Group CFO quits amid senior-level rejig

Jan 22, 2024

New Delhi, Jan 22 (IANS) Homegrown B2B e-commerce platform Udaan has seen another top-level exit as its Group Chief Financial Officer (CFO) Aditya Pande who has decided to pursue opportunities outside of the company after three years. The…

Business

77% of Gen Z students in India willing to join tech industry: Report

Jan 22, 2024

New Delhi, Jan 22 (IANS) A whopping 77 per cent of Gen Z students have shown interest in working in the technology industry in India, according to a report on Monday.The report by Nasscom in collaboration with Indeed, a global matching and…

Business

Govt’s faster testing for electronics to reduce device launch time by half: ICEA

Jan 22, 2024

New Delhi, Jan 22 (IANS) The government’s faster electronics testing decision will allow original equipment manufacturers (OEMs) to choose the most suitable testing method for their products, thereby expediting the market launch of their…

Business

Collapsed crypto firm Terraform Labs files for bankruptcy

Jan 22, 2024

San Francisco, Jan 22 (IANS) Singapore-based crypto blockchain company Terraform Labs has filed for bankruptcy in the US following the collapse of its cryptocurrencies in 2022. The company’s digital assets TerraUSD (UST) and Luna had…

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