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FSSAI crackdown on energy drink brands; issues notices to 6 firms including Red Bull, Pepsico
Food Safety and Standards Authority of India (FSSAI) has "issued notices to several beverage brands claiming to be 'energy drinks' for misbranding and misleading claims", the regulator said in a post on social media platform Instagram on Wednesday.
Disney pumps Rs 123 crore into JioStar India in fresh FDI
Walt Disney's Star Group injected Rs 123 crore into JioStar India via FDI, bolstering the Reliance-Disney joint venture. This follows substantial prior investments by Disney, totaling Rs 3,847 crore in the current fiscal year. Despite reporting equity losses from the venture, Disney's continued financial commitment highlights its strategic interest in the Indian media landscape. The information and broadcasting sector saw significant FDI inflows during the quarter.
Dalal Street Week Ahead: Nifty to test crucial 24,500 level; breakout may define next trend
Indian markets navigated a subdued week, ending with modest gains as Nifty hovered near a crucial resistance zone between 24,160 and 24,500. Technical indicators suggest caution, with a decisive move above this hurdle needed to fuel further upside. Investors are advised to maintain a selective approach, focusing on stock-specific opportunities while managing risk diligently. Pharma and Media sectors show relative strength, while Energy and IT lag.
Reliance's media biz clocks Rs 34,917 cr revenue in FY26; JioHotstar cross 1 billion downloads
Reliance's media arm achieved a significant Rs 34,917 crore revenue in FY26, with JioHotstar becoming India's top digital streamer and the first Indian paid OTT to hit one billion downloads. The integrated media ecosystem, including JioStar and Jio Studios, delivered strong EBITDA and net profit. JioStar leads TV viewership, while JioHotstar boasts 451 million monthly users and record-breaking concurrent viewers.
JioStar rolls out JAMS, betting on GenAI to reshape premium content production
JioStar, Reliance's media arm, has launched JioStar GenAI Media Studio. This platform uses artificial intelligence to create premium content for India. The initiative was announced at Reliance Industries' AGM. JioStar leads India's media market with a significant viewership share. The platform aims to produce content across various languages and formats for diverse Indian audiences.
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.
Markets may have bottomed out; Nifty could head towards 25,800: Rohit Srivastava
Rohit Srivastava, Founder of Indiacharts & Strike Money, believes Indian markets have likely formed a bottom and could gradually move higher over the next few months, with Nifty potentially heading towards 25,800. He remains bullish on Bank Nifty after a technical breakout and sees strength returning to broader markets through improving liquidity. Srivastava remains cautious on IT stocks despite short-term trading opportunities, while Reliance Industries and select private banks continue to show improving trends.Disclaimer: Network18 and TV18, the companies that operate CNBC-TV18, are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
JioStar losses weigh less on Disney as India JV performance improves
Walt Disney Company's stake in its India joint venture with Reliance Industries JioStar shows reduced losses. The March 2026 quarter saw a significant drop in equity losses. Income from equity investees also increased due to these lower losses. This venture combines Disney's entertainment and sports channels with Reliance's media businesses.
FIFA media rights officials visit India where no World Cup broadcast deal is yet signed
FIFA officials are in India this week to secure a broadcast deal for the upcoming World Cup. Millions of Indian football fans may miss the tournament due to a deadlock over broadcast rights. A previous offer from Reliance-Disney was significantly lower than FIFA's asking price.
Zee Entertainment sues Reliance-Disney over alleged music copyright breach
Zee Entertainment has sued the Reliance-Disney joint venture. Zee alleges the company used its copyrighted music without permission after license agreements ended. Zee is seeking $3 million in damages. The lawsuit highlights growing disputes over content rights in India's media market.
Amara Raja Energy rallies on buzz of lithium-ion expansion plans
Amara Raja Energy & Mobility surged 17.17% to Rs 906.20 on media reports that the company is accelerating its transition towards lithium-ion technology and expanding energy storage capacity.
Rs 5 lakh crore gains! Sensex soars 787 pts, Nifty reclaims 22,950; Iran-US ceasefire framework, 3 other factors behind the rally
Indian stock markets staged a remarkable recovery, erasing morning losses to turn positive by afternoon. This surge was primarily fueled by media reports of a Pakistan-brokered Iran-US ceasefire framework, significantly boosting investor confidence. Key sectors like Consumer Durables led the gains, while Reliance Industries bucked the trend.