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Sebi drops proceedings against Prime Focus in misleading financials case
Sebi has closed adjudication proceedings against Prime Focus and its directors, ruling that the company correctly accounted for business transfers to indirect subsidiaries. The regulator found no evidence of misleading financial statements, accounting irregularities, anti-fraud violations or improper profit recognition.
RBI puts curbs on banks' sale of third-party products
The Reserve Bank of India has prohibited third-party incentives to employees of regulated entities, while allowing banks and NBFCs to reward staff for selling financial products. New norms, effective January 1, 2027, aim to prevent aggressive sales and mis-selling by ensuring customers have choices and prohibiting product bundling. Social media influencers will be treated as direct selling agents.
Tata Play loss widens to Rs 551 crore in FY26 as customers migrate to streaming, DD Free Dish
Tata Play faced a wider net loss and lower revenue in the 2025-26 financial year. Customers are moving away from DTH services to free platforms and streaming services. This trend has impacted Tata Play's subscriber base and market share. A dispute with Sony Pictures Networks India also contributed to the company's challenges. Average revenue per user saw a slight increase.
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
ChatGPT Pushed Back On LA Fire Suspect's Vision Of Burning City
Prosecutors argue that Rinderknecht was upset that he was alone on New Year's Eve and was motivated by his anger at social and financial inequality to set a fire in a state park atop the Pacific Palisades with a barbeque lighter.
Zee Entertainment shares rise over 3% ahead of FIFA World Cup, Rs 2,300-crore fundraising plans
Zee Entertainment Enterprises' shares rose after its board approved raising at least Rs 2,300 crore to fund strategic initiatives and bolster its balance sheet. The media company also secured exclusive rights for FIFA events until 2034, including the 2026 and 2030 World Cups, amidst a challenging March quarter financial performance.
Zee Entertainment approves Rs 2,300 crore capital raise
Zee Entertainment Enterprises Ltd is raising at least Rs 2,300 crore. This capital will fund new business ventures and strategic plans. The company recently secured FIFA media rights until 2034. This move strengthens its balance sheet. Zee is also investing in digital platforms like Bullet and PhantomFX. The fundraising follows a challenging financial quarter for the broadcaster.
Sensex jumps 217 pts; Nifty trades below 23,200 level; VIX tanks 6.12%
The Nifty traded above 23,200 level. PSU Bank, bank and financial services shares advanced while IT, oil & gas and media shares declined.
From BS-IV to BS-VI: Cabinet nod for cleaner mobility in Delhi-NCR
The Union Cabinet has approved a new scheme to replace old trucks and buses in Delhi-NCR. This initiative aims to significantly reduce air pollution in the region. Owners of older vehicles can get incentives to switch to cleaner BS-VI or electric vehicles. The scheme will benefit over two lakh vehicle owners and involves financial support and tax concessions.
BFSI firms set to see AI-led decision making & real-time fraud detection
Indian banks and financial firms are increasingly using AI for critical tasks like fraud prevention and decision-making. While early adopters are seeing success, many companies still face hurdles in infrastructure and governance. AI is now integral to core operations, not just customer service. Future plans focus on boosting productivity and customer growth through AI.
Penny stock to be in focus on Monday; here's why
Zee Media Corporation reported a significant financial turnaround for Q4 FY26, with a reduced net loss of ₹14.32 crore, down from ₹22.68 crore. The company returned to profitability for the full year, posting a net profit of ₹16.93 crore, aided by improved revenue and cost management.
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.