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Managed office platform Smartworks adds 15,000 sq ft in Singapore
Managed office platform Smartworks has expanded its Singapore presence by adding 15,000 sq ft at Manulife Tower. This brings their total Singapore footprint to over 50,000 sq ft. Smartworks reported strong financial results for FY26, including significant revenue growth and profitability.
BBC layoffs: Hundreds of news jobs to be cut as UK public broadcaster plans major downsizing
The BBC is planning to cut hundreds of jobs in its core news division next week as part of a broader downsizing initiative, according to the Financial Times. This is expected to lead to a total of 2,000 job losses to save costs.
‘True test of capitalism’, says billionaire banker Uday Kotak on SpaceX IPO market debut
Commenting on the blockbuster debut, Kotak said the company's valuation challenges traditional financial benchmarks and reflects a substantial wager on future growth and innovation.
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.
Uday Kotak calls SpaceX IPO a ‘true test for capitalism’ after stellar market debut
Reacting to SpaceX's blockbuster market debut, Kotak said the company's valuation defies conventional financial metrics and represents a massive bet on the future.
AB Group reaffirms bet on Voda Idea with ₹4,730 Cr infusion
Vodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasing AB Group's stake to around 13%. Chairman Kumar Mangalam Birla stated the company's focus now shifts to execution across operations, customer service, and network expansion. This capital infusion will support capital expenditure and loan repayment, reinforcing Vi's financial health.
GHIAL remits Rs 12.28 crore interim dividend to Telangana Government
GMR Hyderabad International Airport Limited (GHIAL) has sent an interim dividend of approximately Rs 12.28 crore to the Telangana Government. This is part of a total dividend payout exceeding Rs 49.14 crore for the financial year 2025-26. Additionally, a new Cargo Terminal 2 has been commissioned at Hyderabad International Airport.
Aegis Logistics shares gain most in eight months after JM Financial projects 50% upside
Aegis Logistics delivered LPG distribution volumes of 234 kilotonnes in the March quarter, marking a 72% year-on-year increase and coming nearly 40% ahead of its estimates.
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.
Aegis Logistics earnings beat fuells mixed brokerage views; stock rises 6%
JM Financial remains bullish on Aegis Logistics for growth and profitability, while MOFSL stays neutral, citing valuation and demand concerns despite strong earnings.
NHAI flags off asset monetisation for FY27
The National Highways Authority of India has started its asset monetisation drive for the current financial year. Bids were opened for two national highway stretches in Tamil Nadu. Epic Concesiones 2 Pvt Ltd emerged as the highest bidder for TOT-Bundle 19. NHAI aims to raise significant funds through asset monetisation in the coming years.