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Sony Pictures Networks India profit climbs 16% in FY26 as sports drive growth
For the fiscal year 2026, Sony Pictures Networks India recorded an impressive 16% surge in profit, largely thanks to a robust cricket schedule and rising advertising revenues. However, subscription income fell by 4% amid distribution disputes. In contrast, licensing income flourished after JioHotstar acquired digital rights. Total costs escalated by 8%, reflecting higher employee and marketing expenses.
Zee Entertainment shares gain 3% after board approves raising ₹3,144 cr via preferential warrants issue
The board of Zee Entertainment has approved the issuance of up to 24.95 crore fully convertible warrants to Sunbright Mauritius Investments at an issue price of ₹126 apiece, taking the total fund raise to ₹3,143.52 crore.
Zee promoter family aims to raise stake, infuse ₹3,143 crore via warrants
In a board meeting on Wednesday evening, the promoters have proposed to eventually hike Sunbright International’s shareholding in Zee Entertainment from the current 0.18% to a little over 20%, taking the Subhash Chandra-led Goenka family’s total stake in the company to just under 25%.
Amazon to invest additional $13 billion in India AI, cloud infrastructure by 2030
Amazon is injecting an additional $13 billion into India's AI and cloud infrastructure by 2030, bringing its total planned investment to over $21 billion. This significant commitment, announced after CEO Andy Jassy met Prime Minister Modi, aims to bolster AWS data centers and provide advanced AI technologies. The move underscores India's growing importance in the global AI landscape and Amazon's long-term vision for the country's digital transformation.
Top Gainers & Losers on May 27: JP Power Ventures, Adani Total Gas, HFCL, Swiggy, Suzlon Energy among top gainers
On May 27, the Indian stock market showed little movement amidst US-Iran conflict uncertainty. The Nifty 50 closed down 0.03%, and the Sensex fell 0.19%. Sector performance varied, with Nifty Media rising 3% and Nifty Private Bank among the top decliners.
Volume buzzers: Nazara, Sheela Foam, Pricol, Saregama zoom up to 20%
According to exchange data, a combined 60.9 million equity shares representing 16.43 per cent of total equity of Nazara Technologies changed hands on the NSE and BSE.
ICC net surplus rises 15% to $543 million in 2025 despite revenue dip
The International Cricket Council (ICC) saw its net surplus jump to $543.3 million in 2025. This increase came as event costs significantly decreased. Total revenue saw a slight fall. ICC members' funds nearly doubled, showing strong financial health. The governing body is preparing for its next media rights cycle.
Air India and IndiGo partially resume flights on select long-haul routes
Passenger complaints are being tracked through the Passenger Assistance Control Room (PACR), the ministry said. "A total of 559 grievances have been addressed during this period through AirSewa, social media platforms and dedicated helpline calls, in coordination with airlines and concerned stakeholders."