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Zee appoints Tejkarran Singh Bajaj as Zee5 India business head
Zee Entertainment Enterprises Ltd (ZEEL) has appointed Tejkarran Singh Bajaj as Business Head for Zee5 India to bolster its digital business and monetization efforts. Bajaj will spearhead the streaming platform's strategy, focusing on content, user engagement, partnerships, and revenue growth. This move signals Zee's commitment to accelerating digital expansion amidst intense market competition.
Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports
Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.
Talent fight heats up in India finance hub as two chiefs quit
GIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resigned. Taral Shah of DBS Bank and Saiju Gandhi of Standard Chartered have left their roles, highlighting a challenge for the growing hub. This comes as global banks expand their presence, attracted by tax incentives and a lighter regulatory framework.
PE wars to billion-dollar IPO dreams, hospital sector is fighting fit
Major private equity firms are vying for a stake in Cloudnine, a leading maternity and paediatric care chain. This intense competition highlights strong investor confidence in India's healthcare sector. The industry is entering a new growth phase driven by increasing demand, a shortage of hospital beds, and a rise in specialized medical services.
Noel Tata raises growth concerns about Tata Digital's growth in board meet
Tata Sons seeks ₹7000 crore equity for Tata Digital units like BigBasket and Tata Cliq, Noel Tata questions optimistic growth, mounting losses and capital allocation amid intense competition
Dish TV FY26 loss widens as subscription revenue shrinks amid OTT pressure
Dish TV India faced a significant financial setback in FY26, reporting a wider consolidated loss. Subscription revenue saw a sharp decline due to intense competition from OTT platforms and changing viewer habits. The company's operating revenue and EBITDA also slipped.
Walmart-owned Flipkart to defer IPO; prioritise profitability this financial year
Walmart has asked Flipkart to delay its IPO and pre IPO funding, focus on achieving EBITDA breakeven by FY 2027, and prioritize profitable units amid intense e commerce competition
Nifty trades below 23,600 level as intense selling continues on domestic bourses
The domestic equity barometers extended losses in early afternoon trade as rupee weakness, sustained foreign fund outflows, elevated crude oil prices, and renewed concerns over the fragile U.S.-Iran ceasefire weighed on investor sentiment. The Nifty continued to trade below the 23,600 level. Oil & gas shares witnessed some bit of value buying at lower levels.
Rising costs, EV push may pressure Hero MotoCorp margins despite strong Q4
Hero MotoCorp's March quarter showed strong year-on-year growth, but sequential performance was impacted by rising input costs and intense competition, particularly in the low-margin EV segment. Despite these pressures, the company expects the two-wheeler industry to grow in high single digits in FY27, with Hero MotoCorp aiming to outperform through new launches across segments.
Retailers face AC shortage as heatwave boosts demand
Intense heatwaves have driven a sharp rise in air-conditioner sales. This surge, following lower production in March, has created significant supply shortages. Retailers are receiving only half their orders. Higher energy-efficient models are particularly affected. Companies are now increasing production to meet the unexpected demand. Consumers are buying early, anticipating further price increases.
INR weakens near Rs 94 per dollar mark amid resurgence in oil prices
The Indian rupee weakened for the third straight session, losing 39 paise to settle at 93.83 (provisional) against the US dollar on Wednesday as oil prices resumed surge amid uncertainty on US-Iran peace talks eroded hopes of easing West Asia conflict. Intense selling in domestic equity markets and sustained outflow of foreign capital also weighed on the Indian currency. Indian shares fell sharply on Wednesday, with stalled U.S.-Iran peace talks, somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing, and a disappointing set of numbers for the fourth quarter from IT major HCL Technologies weighing on sentiment. The Sensex settled 757 points or 0.95% lower at 78,516, while the Nifty 50 ended 198 points or 0.8% lower at 24,378. At the interbank foreign exchange market, the rupee opened at 93.69 and touched an intraday low of 93.87 against the greenback during the session, nearing the 94 level and its lowest level in three weeks.
India's kitchens safe amid energy shock, assures Hardeep Puri
As the world grapples with an intense energy upheaval, India remains steadfast in its commitment to its citizens by prioritizing access to cooking fuel. The government is actively protecting LPG supplies while maintaining consumer prices against the backdrop of global market shifts. Crude oil remains in supply, and LPG production has been ramped up to meet demand.