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Why Are Zomato Shares Tanking Today?
|Zomato's share price had hit a record high on Monday, driven by improving profitability and promising future growth prospects, which positively influenced investor sentiment.
Disney, Reliance Finalise Merger, Pharma Firms Recall Drugs From US And Other Stories From The Weekend You Can't Miss
|All the top stories from the week in one convenient spot.
A Union Of Reliance And Tata? DTH Deal May Bring India's Giants Together
|The negotiations with Reliance come after Disney's initial plans to divest its shares during Tata Play's IPO were postponed, prompting exploration of other exit strategies. Bankers are said to be evaluating the value of Disney's stake in Tata Play.
ITC Shares Crash 5% As Big Move From Top Investor Becomes More Likely
|In December 2023, BAT said it was considering reducing its stake in ITC, stating that it did not need to maintain over 25% shareholding for strategic influence.
Paytm In Talks To Sell Off Wallet Biz To Jio Or HDFC Amid Regulatory Heat: Report
|The ban, imposed on January 31, has prompted Paytm to consider strategic alternatives, including discussions with interested parties to offload its wallet business.
Swiggy's $1B IPO To See Existing Investors Sell $600M, Prosus To Be Listed As Promoter
|The reported aim for Prosus is to shed the promoter tag to gain more flexibility in managing its investment after the IPO.
Coca-Cola India Hands Over Bottling Operations In Key Territories To Franchisees: Report
|Coca-Cola's refranchising step reflects its global policy of focusing more on branding and strategy by divesting from asset-heavy bottling operations.
Why Nykaa Share Price Is Dropping Today
|The reports of a block deal come after Nykaa reported a 50% increase in Q2 consolidated net profit.
Zee Fails To Make $200 Mn Payment To Disney For Cricket Rights Amid Sony Merger Woes
|This financial hiccup may entangle Zee in legal complexities and exacerbate its challenges as its proposed merger with Sony Group Corp. appears increasingly unstable.
Zee Rubbishes Report Of Sony Exiting $10B Deal, Shares Recover
|Zee labeled the report as "baseless and factually incorrect," asserting compliance with SEBI Regulations, 2015. The company pledged to continue making disclosures in accordance with regulatory obligations.
What's Going On With Bharti Airtel's Share Price As Firm Eyes Strategic Acquisition?
|Beetel Teletech is also a joint venture partner with a 49% stake in manufacturing facilities that produce telecom and networking products, including those eligible for the production linked incentive scheme
Disney Star's Valuation May Be Hit Ahead Of Reliance Merger If Zee Fails To Honour $1.5B Cricket Contract
|Should the ICC TV rights fail to materialise, Disney Star, as the contracting party with the ICC, will bear the entire $3 billion sports rights obligation over the next four years.
What's Going On With IndusInd Share Price After CCI Approves Reliance Capital Acquisition?
|IIHL aims to raise its holding in Reliance Capital from the current 15% to 26%. In June, IndusInd Bank's revised bid of ₹9,661 crore for Reliance Capital gained acceptance from lenders of Reliance Capital.
Ford's Return To India? U.S. Car Maker Axes Chennai Factory Sale To JSW Group
|The Ford plant, strategically located near Chennai port, spans 350 acres with an annual capacity of 150,000 cars and 340,000 engines. It has been inactive since July 2022.
Why IndusInd Bank Share Price Is Up Today
|The divestment is likely to be executed through block deals, involving the potential sale of up to 1.79 crore shares at a floor price of ₹426.60 per share—a 5% discount to the current market price.
What's Going On With PVR Inox Shares Today?
|The second quarter of the financial year marked a historic milestone for PVR INOX, setting records for admissions, average ticket price, and spending per head.
This Small Cap Is Gaining On Plans To Buy Stake In Tata Power-Owned Firm
|Force Motors aims to actively contribute to Maharashtra's green energy landscape and beyond through this collaboration with Tata Power Renewable Energy.
After SpiceJet's Distastrous Q2 Report Card, Board Approves Lifeline ₹2,250 Cr Fundraising
|Despite operational difficulties, SpiceJet's stock has rallied by about 70% in the past six months. The airline's market capitalization stands at ₹4,000 crore, with Chairman Ajay Singh and other promoters holding a 56.5% stake, of which 37.9% is pledged.
Tata Deal Likely Off Table, But This Noodles Maker May Be Mulling IPO For Better Valuation
|The company was reportedly seeking a valuation of $1.5 billion (₹12,442 crore).
Why Mankind Pharma Shares Are Crashing Nearly 4% Today
|Five private equity funds are reportedly considering a stake reduction in Mankind Pharma through a block deal.
Airtel's Snag In Google Deal, Adani Power's Sweeter Offer And More Stories From The Weekend You Can't Miss
|The top stories from the weekend in one convenient spot.
Why State Bank Of India Shares Are Up Today
|SBI's regulatory release confirmed the approval of the proposed acquisition by the Reserve Bank of India (RBI) and the Pension Fund Regulatory and Development Authority (PFRDA).
Why Whirlpool Shares Are Nosediving Today
|Despite the divestment, India continues to be a vital market for substantial growth, aligning with Whirlpool's overall growth strategy, according to the firm.